Swedish ASIC miner company kncminer.com

[r3animation]

yes, it sucks.

I hope, that they will announce some program/future discounts for 1st/2nd day guys, because these guys helps them to establish the company and paid everything.

KNC should send Day1/Day 2 customers, a Jupiter of they ordered a Saturn and a Saturn+Jupiter if they ordered a Jupiter.  

[1714800996]

1714800996

[r3animation]

Well there'll be ROI, just negative (if we are unlucky). You all mean break-even, right? 

According to the genesis block, no. No breaking even unless hash rate increase or BTC price increase.

[bbxx]

Well there'll be ROI, just negative (if we are unlucky). You all mean break-even, right? 

According to the genesis block, no. No breaking even unless hash rate increase or BTC price increase.

please stop inaba bullshit, lol

[erk]

Well there'll be ROI, just negative (if we are unlucky). You all mean break-even, right?  

According to the genesis block, no. No breaking even unless hash rate increase or BTC price increase.

And it also doesn't factor in the effect of your KNCminer purchase has on the hash rate.

[r3animation]

Well there'll be ROI, just negative (if we are unlucky). You all mean break-even, right?  

According to the genesis block, no. No breaking even unless hash rate increase or BTC price increase.

please stop inaba bullshit, lol

?

I'm just saying that's the only way to break-even with the current hash rate of the miners or you didn't read my statement properly.

[r3animation]

Well there'll be ROI, just negative (if we are unlucky). You all mean break-even, right?  

According to the genesis block, no. No breaking even unless hash rate increase or BTC price increase.

And it also doesn't factor in the effect of your KNCminer purchase has on the hash rate.

Sadly true.

[Xialla]

yes, it sucks.

I hope, that they will announce some program/future discounts for 1st/2nd day guys, because these guys helps them to establish the company and paid everything.

KNC should send Day1/Day 2 customers, a Jupiter of they ordered a Saturn and a Saturn+Jupiter if they ordered a Jupiter.  

why not? their profit on every machine is in hundreds of % and if they want to retain customers, at least 1st/2nd day shipping must be with positive ROI.

[Xialla]

No breaking even unless hash rate increase or BTC price increase.

I paid 85BTC so I need to mine at least 85BTC back for break-even. it is fucking simple, isn't it?

[Miz4r]

Well there'll be ROI, just negative (if we are unlucky). You all mean break-even, right?  

No we mean ROI. Negative ROI is no ROI.

[btc_uzr]

pfuuu...seems like most are missing a tiny but very important fact when shouting at each other, which could relax the whole situation dramatically.

Please consider there are several kind of people involved.
Not all are in the same position, we all are individuals keep it in mind before starting the next fight.

1) ppl who do not care that much about ROI, some have fun mining and to be part of the cryptocoin movement
2) ppl who invested in hope they might get a good deal with up to %50 on top of investment
3) ppl who got sucked into this by their greed or where mislead by lies and dream of a lot of money

Number 1 customers stick to their order.
Number 2 is partially jumping the ship as losses seem to be way more likely than a ROI atm (may change)
Number 3 should get a refund now if not done,yet


I share both perspectives (1+2) at the same time with weighted priority based on amount spend.

I had one device for myself (canceled). I invested with the awareness of a total loss and in hope of profit.
However I still do not want to risk my money on a bet I will loose way more likely than it works out. Therefore canceled.

Then I have another one as groupbuy in place going to be shipped.
The Groupbuy was made with 'real life' friends who are all totally aware that it's high risk investment.
They know they might loose everything, but they are ok with it as they want to support the cryptocoin movement and still have somehow hope that in some years it might pay out...if not, nobody worries.  And they don't give shit about our forum talks.

---

Another aspect of this story is that we all (KnC & customers) could make profit, but currently it looks like KnC only, no?
In combination with their claim of 'under promise, over delivery' and being late on news about current state of progress, this has a very bad taste and it's not surprising that ppl jump the ship.

Honestly I'm still in hope that KnC will surprise its customers, because for some strange reason my gut tells me ppl receiving orders will be happy.
Nevertheless I've canceled my device, because there's no rational reason for me at this point in time not to do so - maybe I regret it, maybe I won't, but for sure I will decide this way again in a similar situation.

[r3animation]

pfuuu...seems like most are missing a tiny but very important fact when shouting at each other, which could relax the whole situation dramatically.

Please consider there are several kind of people involved.
Not all are in the same position, we all are individuals keep it in mind before starting the next fight.

1) ppl who do not care that much about ROI, some have fun mining and to be part of the cryptocoin movement
2) ppl who invested in hope they might get a good deal with up to %50 on top of investment
3) ppl who got sucked into this by their greed or where mislead by lies and dream of a lot of money

Number 1 customers stick to their order.
Number 2 is partially jumping the ship as losses seem to be way more likely than a ROI atm (may change)
Number 3 should get a refund now if not done,yet


I share both perspectives (1+2) at the same time with weighted priority based on amount spend.

I had one device for myself (canceled). I invested with the awareness of a total loss and in hope of profit.
However I still do not want to risk my money on a bet I will loose way more likely than it works out. Therefore canceled.

Then I have another one as groupbuy in place going to be shipped.
The Groupbuy was made with 'real life' friends who are all totally aware that it's high risk investment.
They know they might loose everything, but they are ok with it as they want to support the cryptocoin movement and still have somehow hope that in some years it might pay out...if not, nobody worries.  And they don't give shit about our forum talks.

---

Another aspect of this story is that we all (KnC & customers) could make profit, but currently it looks like KnC only, no?
In combination with their claim of 'under promise, over delivery' and being late on news about current state of progress, this has a very bad taste and it's not surprising that ppl jump the ship.

Honestly I'm still in hope that KnC will surprise its customers, because for some strange reason my gut tells me ppl receiving orders will be happy.
Nevertheless I've canceled my device, because there's no rational reason for me at this point in time not to do so - maybe I regret it, maybe I won't, but for sure I will decide this way again in a similar situation.

Well reasoned. I'm probably no.2 in your list and I do hope that KNC does over-deliver at this point as I'm still keeping my order.

[markm]

No breaking even unless hash rate increase or BTC price increase.

I paid 85BTC so I need to mine at least 85BTC back for break-even. it is fucking simple, isn't it?

Why does everyone go on about how a bitcoin increase would help?

Think about, a bitcoin decrease could work too: you could mine $85, bitcoin drop to $1 per bitcoin, buy 85 bitcoins.

Just as reasonable as doing it by bitcoin increasing, it just takes converting to dollars and back instead of only to dollars and stopping there.

(For "just as reasonable" the reader might be well advised to read "just as unreasonable" but maybe that is a matter of taste/tastelessness.)

-MarkM-

[bbxx]

please Bitcoinrama come back to work!!!

you are the only left, lol.

[Nemo1024]

Well there'll be ROI, just negative (if we are unlucky). You all mean break-even, right?  

No we mean ROI. Negative ROI is no ROI.

If your return on your investment is less than what you initially invested, then you have a negative ROI.
If equal, then you reached a break-even point.
If more, then you attained a positive return on your investment.

Next time someone talks or tries to write about "not reaching ROI", stop and think. Think specifically of those yellow long bendy fruit everyone calls apples in your tribe (never mind that the rest of the world calls them bananas).

[crumbs]

Well there'll be ROI, just negative (if we are unlucky). You all mean break-even, right?  

No we mean ROI. Negative ROI is no ROI.

If your return on your investment is less than what you initially invested, then you have a negative ROI.
If equal, then you reached a break-even point.
If more, then you attained a positive return on your investment.

Next time someone talks or tries to write about "not reaching ROI", stop and think. Think specifically of those yellow long bendy fruit everyone calls apples in your tribe (never mind that the rest of the world calls them bananas).

In my tribe, if i ask for bananas, i'm sure to get an apple, therein lies the rub.  Wut do
Edit:  Now that you corrected my tribe, my life is chaos. ~Half of the people started using your "correct," intertribal terminology.  No matter what i ask for, what i get's a total crapshoot.

[Miz4r]

Well there'll be ROI, just negative (if we are unlucky). You all mean break-even, right?  

No we mean ROI. Negative ROI is no ROI.

If your return on your investment is less than what you initially invested, then you have a negative ROI.
If equal, then you reached a break-even point.
If more, then you attained a positive return on your investment.

Next time someone talks or tries to write about "not reaching ROI", stop and think. Think specifically of those yellow long bendy fruit everyone calls apples in your tribe (never mind that the rest of the world calls them bananas).

Please reread what I wrote, there was not a word wrong in it and I will keep using ROI the way I want to thank you. I get tired of you people constantly trying to correct everyone supposedly using ROI in the wrong way, when there's actually nothing wrong with it but you're just too anally retentive to see that.

[btc_uzr]

Stop it, please. Don't you read 10 pages back ?
We had this ROI crap now several times over and over.
https://bitcointalk.org/index.php?topic=170332.msg3233182#msg3233182

[nightengale]

I don't post very frequently on this thread, but KnC should probably come up with some news pretty quick. The FUD is getting pretty deep here on bitcointalk, and if ROI is becoming more elusive with their machines I don't they'll be able to make it any better than we will.

[demonmaestro]

Well so far if you want an update.. here you go. Every day there is about 10 pages of crap. everyday.  Why cant everyone just chill and wait to see what happens?

[AussieHash]

http://mining.thegenesisblock.com/a/40083c6e43

jupiter with hosting
90BTC
not looking good...

- 48btc

Could be worse, could be this guy
https://bitcointalk.org/index.php?topic=292998.msg3143055#msg3143055