Swedish ASIC miner company kncminer.com

[donch]

Dude the hashrate is about to level out for a bit not, continue growing like this for a while.

Quoted so I'll have something to laugh at after a couple more crazy adjustments.

As it in the hashrate will plateau after the shipment ceases as the proportional increase won't be of the same magnitude for a while. That's logical.

Due to the fact that no-one except Hashfast has published their orderbook, you or I have no certainty over that statement. It's illogical to assume anything without facts.

No of course, it's my prediction, based on my reasoning. Of course I don't know what other unknowns exist, but I don't think 'old money' wants to get involved for a while yet, they want to see far less volatility and far more value reflected in the cumulative BTC price. Along with more certain regulation from governments.  

Well, I'm sad to say that I cancelled my October Jupiter order based on the uncertainty surrounding the hash rate. If KNC want to stand out in the market place, I'd suggest a fully transparent order book. In fact, I'm sure they mentioned they were going to do that at one point. Anyone who bought for October delivery can make a better decision on ROI if they know what the November delivery looks like, and November customers want certainty over the next generation March 2014 timetable. BFL kept their order book hidden like a state secret and the reason was they had sold kit that would never get close to making a profit. There are still people now waiting for Minirigs. God, I feel sorry for their loss.

I'm signing off from this thread. It's been fun and thanks Bitcoinorama for the information you've extracted. Keep pushing for more :-)

 

[Bitcoinorama]

No of course, it's my prediction, based on my reasoning.

Your "reasoning" is clouded by being a knc-fanboi. The hashrate is not going to "level out" for quite some time.

Think about it. This shipment has been the most disruptive major volume of hashrate unleashed upon the network in a short period of time. You're seeing the effect of that. KnC aren't shipping for another month. Who else is going to have such a marked effect in that time? When they do ship on the following occasion it's unlikely to be equal to what's shipping now, and even if it was it wouldn't have the effect the current outlay will, because the current shipment will already be part of the total network hashrate at that point. They will not be shipping anything like what they are shipping now PLUS what already existed. Therefore the increase will not be as proportional and be more incremental. What you are seeing now will be the largest single increase - proportionately - for a given finite period.

[The Avenger]

https://bitcointalk.org/index.php?topic=312579

"The circle of lifeeee" Sing it with me.

You mean https://www.youtube.com/watch?v=PGNiXGX2nLU

Man, that video makes me want to buy a diamond encrusted eye patch 

[Bitcoinorama]

Dude the hashrate is about to level out for a bit not, continue growing like this for a while.

Quoted so I'll have something to laugh at after a couple more crazy adjustments.

As it in the hashrate will plateau after the shipment ceases as the proportional increase won't be of the same magnitude for a while. That's logical.

Due to the fact that no-one except Hashfast has published their orderbook, you or I have no certainty over that statement. It's illogical to assume anything without facts.

No of course, it's my prediction, based on my reasoning. Of course I don't know what other unknowns exist, but I don't think 'old money' wants to get involved for a while yet, they want to see far less volatility and far more value reflected in the cumulative BTC price. Along with more certain regulation from governments.  

Well, I'm sad to say that I cancelled my October Jupiter order based on the uncertainty surrounding the hash rate. If KNC want to stand out in the market place, I'd suggest a fully transparent order book. In fact, I'm sure they mentioned they were going to do that at one point. Anyone who bought for October delivery can make a better decision on ROI if they know what the November delivery looks like, and November customers want certainty over the next generation March 2014 timetable. BFL kept their order book hidden like a state secret and the reason was they had sold kit that would never get close to making a profit. There are still people now waiting for Minirigs. God, I feel sorry for their loss.

I'm signing off from this thread. It's been fun and thanks Bitcoinorama for the information you've extracted. Keep pushing for more :-)

 

No worries bro, i'll try, I need to catch some shut-eye too. Night!

[Biomech]

UPS has a feature where they email you with a tracking number.  DHL doesn't automatically do that.  Mine came directly from KNC in order to shut me up (I imagine).

Same here.

I asked for and paid for UPS shipping and got DHL (don't know whether that is good or bad)

and it was shipped on the 16th, not the 15th as they had indicated.

Based on my experiences with both carriers, you got upgraded. UPS can screw up anything, and seem proud of it.

[Transam808]

Received my dhl tracking number for knc, I had to ago l ask them, they said there was a problem with dhl seeking tracking,  let's see how long it takes them to get to Hawaii

[timmmers]

No of course, it's my prediction, based on my reasoning.

Your "reasoning" is clouded by being a knc-fanboi. The hashrate is not going to "level out" for quite some time.

Think about it. This shipment has been the most disruptive major volume of hashrate unleashed upon the network in a short period of time. You're seeing the effect of that. KnC aren't shipping for another month. Who else is going to have such a marked effect in that time? When they do ship on the following occasion it's unlikely to be equal to what's shipping now, and even if it was it wouldn't have the effect the current outlay will, because the current shipment will already be part of the total network hashrate at that point. They will not be shipping anything like what they are shipping now PLUS what already existed. Therefore the increase will not be as proportional and be more incremental. What you are seeing now will be the largest single increase - proportionately - for a given finite period.

Does that include Chinese orders too ? Or is that a separate order book from the Chinese site?

[dlasher]

Think about it. This shipment has been the most disruptive major volume of hashrate unleashed upon the network in a short period of time. You're seeing the effect of that. KnC aren't shipping for another month. Who else is going to have such a marked effect in that time? When they do ship on the following occasion it's unlikely to be equal to what's shipping now, and even if it was it wouldn't have the effect the current outlay will, because the current shipment will already be part of the total network hashrate at that point. They will not be shipping anything like what they are shipping now PLUS what already existed. Therefore the increase will not be as proportional and be more incremental. What you are seeing now will be the largest single increase - proportionately - for a given finite period.

This is nothing... wait till Cointerra start shipping... blooood everywhere...

[erschiessen]

Received my dhl tracking number for knc, I had to ago l ask them, they said there was a problem with dhl seeking tracking,  let's see how long it takes them to get to Hawaii

Phoenix1969 is also in Hawaii... I think I read earlier today that he thought 2 business days from Sweden to HI.

[MrHempstock]

For all the threats of "they haven't performed perfectly and are thus killing the chances of future business"
I would point to the amount of $ BFL continues to pull from potential miners. If anything, struggling through these learning experiences is going to solidify trust in KNCs ability to circumvent these types of situations for gen2 miners. (I hope, you NEVER know for sure)

[Puppet]

Think about it. This shipment has been the most disruptive major volume of hashrate unleashed upon the network in a short period of time. You're seeing the effect of that. KnC aren't shipping for another month. Who else is going to have such a marked effect in that time? When they do ship on the following occasion it's unlikely to be equal to what's shipping now, and even if it was it wouldn't have the effect the current outlay will, because the current shipment will already be part of the total network hashrate at that point. They will not be shipping anything like what they are shipping now PLUS what already existed. Therefore the increase will not be as proportional and be more incremental. What you are seeing now will be the largest single increase - proportionately - for a given finite period.

Thats completely uncertain.  As donch tried to tell you, we have no idea how many preorders HF has (or bitmine, or cointerra for that matter). What we do know is that at least hashfast will have the manufacturing capacity to crank out miners far faster than KnC. Not that 350 miners per day is shabby, but Ciara (odm hashfast contracted) could potentially do an order of magnitude more without breaking a sweat.

Moreover, you seem to think that because of the hashrate increase, sales will dry up. I disagree.  At the current price, sure, sales will dry up, but all these miners are still operationally profitable and will remain so for a long time. Prices will just drop and keep dropping, but all of those manufacturers will keep producing miners for many months at the very least, and they will sell them at whatever price the market offers until that price is below their cost. KnC might not be best placed in that regard with their monster size chip, but most of the others are still very far from marginal profitability. More over presales may keep them busy much longer than you think. BFL is still shipping perorders almost a year old. Gives you an idea...

Unless Hashfast, Activeminer, Bitmine, Cointerra, BFL, Bitfury and to a lesser degree asicminer, btcgarden, black arrow, avalon and whoever else Im forgetting, unless almost all of them drop the ball, what we've seen in the past few weeks is going to pale in comparison to what we will see over the next few months.


PS: past few weeks werent exactly record breaking:
http://bitcoin.sipa.be/speed-ever.png

Sure, in absolute terms, as in TH added, every record was broken, but every difficulty change from now to February is likely to break that record. In relative terms, this is pretty mild compared to 2010-211

[itod]

Think about it. This shipment has been the most disruptive major volume of hashrate unleashed upon the network in a short period of time. You're seeing the effect of that. KnC aren't shipping for another month. Who else is going to have such a marked effect in that time? When they do ship on the following occasion it's unlikely to be equal to what's shipping now, and even if it was it wouldn't have the effect the current outlay will, because the current shipment will already be part of the total network hashrate at that point. They will not be shipping anything like what they are shipping now PLUS what already existed. Therefore the increase will not be as proportional and be more incremental. What you are seeing now will be the largest single increase - proportionately - for a given finite period.

I wonder if you are clueless, or malicious giving people misinformation. It brings another question - if someone reads what you've written above and get's huge financial loss believing it, can that someone bring you to court someday asking for compensation. Let's clarify if you are clueless, in slim chance that future court case happens: Do you know what CIARA is and what is in the picture below?

[Searing]

Mine now says: Order #6xxx In progress (Payed)

We shall see for how long.

We've gone through 4xxx to 6xxx in one day? Damn those Swede's work hard.

It's all lies. A rig in progress would be easily finished in hours and shipped at least next day. That's not happening for many. Once in progress, no refund.
Looks better too...in some other universe.

MEanwhile on Ebay.. http://www.ebay.co.uk/sch/i.html?_sacat=0&_from=R40&_nkw=KNC%20bitcoin&rt=nc&_pppn=r1&LH_PrefLoc=2&_fspt=1

I sent them an email on my unit when it still stated paid at my end...(this is on my 520x Saturn aug 6th...just thought if I could get a refund it would be prudent in that new pricing stuff in nov will be coming out..save my 4k for another day..if they let me)... anyway the email I got said it WAS in processing but the person said they would see if they could pull it anyway...will tell me tomorrow...I probably could yank it via cc but while it is worth a shot cancelling it if it has not been made if they actually ship the beast I'll probably take it..but as for myself I already have a Jupiter on the plane in shipping..and really a Saturn arriving prob the first of November here...well ...  the $$$ would prob do me more good down the road with another knc product imho at this time then being again the new round of shipping 15 days after I probably get the beastie

anyway worth a shot for those who may feel a bit squeezed with the stuff from November and the new pricing going to ship from there on Nov 15th...I myself just can't justify the cost diff between getting my unit on nov 1st and the new pricing going out the door for another go around of this on nov 15th with the new stuff

we will see what they say tomorrow....I'll take my lumps if it ships...but for those in PAID yet or just got processing in same boat may (assuming I know what i'm doing ..ie unlikely) may want to make  a similar attempt ..if it an't built yet

my 2c worth

Searing
 

[Phoenix1969]

Received my dhl tracking number for knc, I had to ago l ask them, they said there was a problem with dhl seeking tracking,  let's see how long it takes them to get to Hawaii

Phoenix1969 is also in Hawaii... I think I read earlier today that he thought 2 business days from Sweden to HI.

Yes, but that's UPS, not DHL...wonder why they switched to DHL for you when its so fast on UPS to here...?

[nightengale]

Order #26XX in midwest USA here, showing "shipped" for a day or two now, no tracking info, nothing on the doorstep. Denied a refund. Hopefully 'rama is right about the hashrate leveling off, but I have a feeling he's being overly-optimistic on behalf of his employer.

[augustocroppo]

Oh, I freely admit that it was a fluke (the one I saw was not the ASIC miner thing, I do remember that.)

If the block you saw is not related to the ASICMiner refund, then show me where you saw a block which generated 200 BTC in transactions fees. I want see with my own eyes if such block even exist...

But to say it's unreachable to have 600+ transactions in a ten minute period? I must severely disagree! How many dollar transactions do you think happen in ten minutes? Personally, I have no idea, but I do know that it's several orders of magnitude higher than that.

No one said that the Bitcoin Network cannot have 600 or more transaction in 10 minutes. I could care less for how many fiat transactions happens in ten minutes. It has nothing to do with the present discussion, which is about the Bitcoin network transaction fees.

This is what I'm trying to say. If we can find a way to take BTC mainstream, that 200 BTC/block would be a LOW average.

I will repeat once more: there is not direct correlation between the number of users and the volume of transactions. How many times I have to repeat that to you understand? Do not really matter if more and more people start to use the Bitcoin Network, because that could result either in increase or decrease of transactions.

You are also assuming that an increase in the volume of transactions will result in an increase of collected fees. That is an incorrect assumption. There is no way to ensure that every transaction will result in a collected fee. Moreover, even if the Bitcoin protocol turns the transaction fees compulsory, each block would have at least 400,000 transactions of 0.0005 BTC to generate 200 BTC. As I had already demonstrated, this is absurd. At the present moment the Bitcoin Network is not generating more than an average of 372 transactions per block.

Well let's just throwing this out there.

VisaNet authorizes, clears and settles an average of 150 million transactions per day in 200 countries and territories.

~104,000 transactions/second

Isn't one of the points of BTC to replace these companies? (Remember this is just Visa, you can imagine how many transactions happen across all of these merchants and physical dollar transactions)

The minimum fee would be lowered at this point anyways because if BTC was adopted this widespread, the price per BTC would be much much higher.

No, it is not the point and it never was. Did you even read the paper released by Satoshi Nakamoto? The Bitcoin protocol was created to serve as alternative method to transfer monetary value without rely on a central authority to validate the transactions.

You are comparing apples and oranges.

By the way, widespread adoption of the Bitcoin Network do not means the price of BTC against fiat currency will rise. As number of users of the Bitcoin Network has no direct correlation with the volume of transactions, the number of users of the Bitcoin Network has also no direct correlation with the price of BTC against fiat currencies.

Bargraphics, bought a dozen of SHA-256 hash generators from KnCminer and is clueless about the Bitcoin Network structure...

 

[Phoenix1969]

Received my dhl tracking number for knc, I had to ago l ask them, they said there was a problem with dhl seeking tracking,  let's see how long it takes them to get to Hawaii

Phoenix1969 is also in Hawaii... I think I read earlier today that he thought 2 business days from Sweden to HI.

Yes, but that's UPS, not DHL...wonder why they switched to DHL for you when its so fast on UPS to here...?

here's a snip of the entire route & time to Hawaii via UPS...

[demonmaestro]

here's a snip of the entire route & time to Hawaii via UPS...

alot of airtime i see. How did the miner fair?

[Gws24]

Oh, I freely admit that it was a fluke (the one I saw was not the ASIC miner thing, I do remember that.)

If the block you saw is not related to the ASICMiner refund, then show me where you saw a block which generated 200 BTC in transactions fees. I want see with my own eyes if such block even exist...

It wasn't 200 BTC in fees but 2.7 BTC if Biomech is talking about the one i'm thinking of: http://bitcoin.stackexchange.com/questions/11731/anomalous-2-7-btc-transaction-fee-observed. It was talked about in this thread recently or at least on bitcointalk i think but i'm not going to search for it.

[canth]

Are any hosted customers achieving 500+ GH/s?  The best I seem to be able to get (sustained) is around 430GH with 10+% errors.  I've seen momentary peaks over 500 but never a 10 minute average above 445 or so.

I've been at 500GH ever since Friday the 11th at 8PM. Before then it ranged between 0 and 130GH with nearly 10% rejections. Have you spoken with KNC over the phone? The $0.64 I spent on 6 phone calls (skype) over the last week was critical to getting my miners online.