Swedish ASIC miner company kncminer.com

[Phoenix1969]

oh.... here goes another 1000 pages of:  THIS IS A SCAM; DON`T BUY.  

i can tell you being a day 1 jupiter costumer this was a very good deal. 23% roi in btc, and a shitload of cash in $.

I am at about 80% BTC ROI from my day 1 jup.  I was probably on of the first people in the US to get it too...  That said, I just don't see this unit being a good deal with the math I am running.  They would have to deliver 3.5 TH/s April 1st for it to have a shot of getting ROI by mid september.

It will most likely be closer to 4 or 5 terrahash(a guess..per the news)...I also imagine the timeframe included a nice cushion this time as well......  and who knows how high BTC could be by then....

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[FeedbackLoop]

Lol i get 255$ for UPS in EU, how many gets USA folks
 
And yes there is only btc payment, no way

There is bank transfer but they provide no re-assurance that you will keep your place in line with that option. One would assume from the last time that it is the case though.

Where did you read that? Did you call them ?

page:
"Payment for this product is bitcoins and bank transfer only."

email:
"For Bank Transfers

In the reference please add your order number only (no product name) so we can track your payment
Payment must be in USD or EUR using the exchange rate found below. (Use correct IBAN).
Please use the following details:
Bank Name: SEB (Skandinaviska Enskilda Banken)

Account Name: KnCMiner AB

IBAN (USD): SE325000000..."


The place in line is like I said. I would assume so but they didn't state directly. A Fiat transfer takes longer than a BTC transfer.

sorry but I don't think the text you quote implies "no re-assurance that you will keep your place in line with that option", am I missing something obvious?

My text quote was about bank transfer answering to the other guys. The bold was a separate question that you introduced.

They do not give re-assurance. If they do copy paste it. I do want to see it.

[vesperwillow]

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner

That's true, it is sort of like a put option.  You could really use this as a hedge against falling BTC prices. BTC goes to 100 tomorrow? Ask for a refund.

..and you've lost the chance to sell off the BTC on a high note, and are now holding it at 8x the market rate. May as well just keep your place in line and auction your miner.

[vesperwillow]

oh.... here goes another 1000 pages of:  THIS IS A SCAM; DON`T BUY.  

i can tell you being a day 1 jupiter costumer this was a very good deal. 23% roi in btc, and a shitload of cash in $.

I am at about 80% BTC ROI from my day 1 jup.  I was probably on of the first people in the US to get it too...  That said, I just don't see this unit being a good deal with the math I am running.  They would have to deliver 3.5 TH/s April 1st for it to have a shot of getting ROI by mid september.

It will most likely be closer to 4 or 5 terrahash(per the news)...I also imagine the timeframe included a nice cushion this time as well......  and who knows how high BTC could be by then....

Like I said above, I have no doubt it'll be 6TH.

Can't power it without extra subpanels.

[jelin1984]

I can not understand why my account can not order nupiter?

[Phoenix1969]

oh.... here goes another 1000 pages of:  THIS IS A SCAM; DON`T BUY.   

i can tell you being a day 1 jupiter costumer this was a very good deal. 23% roi in btc, and a shitload of cash in $.

I am at about 80% BTC ROI from my day 1 jup.  I was probably on of the first people in the US to get it too...  That said, I just don't see this unit being a good deal with the math I am running.  They would have to deliver 3.5 TH/s April 1st for it to have a shot of getting ROI by mid september.

It will most likely be closer to 4 or 5 terrahash(per the news)...I also imagine the timeframe included a nice cushion this time as well......  and who knows how high BTC could be by then....

Like I said above, I have no doubt it'll be 6TH.

Can't power it without extra subpanels.

Hehehe, I'm thinking same...

[xstr8guy]

And for those of you comparing early batch Cointerra and HashFast to this deal... those buyer paid a hell of a lot more than 12 BTC for there orders.

No.. $5k for January/Feb/March batches..

I know what they paid in $$ but how much did they pay in BTC when they ordered?  Bitcoin certainly wasn't anywhere near $800.  More like $130-160.  So they would have spent over 30 BTC which is ~$25,000 with current exchange rates.

[ecliptic]

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner

That's true, it is sort of like a put option.  You could really use this as a hedge against falling BTC prices. BTC goes to 100 tomorrow? Ask for a refund.

..and you've lost the chance to sell off the BTC on a high note, and are now holding it at 8x the market rate. May as well just keep your place in line and auction your miner.

What are you talking about?

If BTC goes to 100$, people who bought these miners can ask for 10,000$.  They paid ~12.0 BTC. 

People still holding BTC would be the losers.

if BTC goes up, maybe the miner doesn't ROI in BTC, but it still makes $.

[sickpig]

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner

you forgot to mention the third scenario: BTC at 2K$ by the time you get your Neptune...

Still makes Money.

sure, but a lot less then what you would have done if you kept your btc in your wallet.

One should weight the 3 options and then decide. the fact is that probably a 3TH/s machine in April will produce 0.3BTC a day (30PH/s net hash rate). 12/0.3 = 40 day, but bear in mind that diff increase every 12 days or so buy an unknown factor...

[MikeyVeez]

I am a prior customer and can order Neptunes everything will be under your name,  PM me offers

[bobsag3]

oh.... here goes another 1000 pages of:  THIS IS A SCAM; DON`T BUY.   

i can tell you being a day 1 jupiter costumer this was a very good deal. 23% roi in btc, and a shitload of cash in $.

I am at about 80% BTC ROI from my day 1 jup.  I was probably on of the first people in the US to get it too...  That said, I just don't see this unit being a good deal with the math I am running.  They would have to deliver 3.5 TH/s April 1st for it to have a shot of getting ROI by mid september.

It will most likely be closer to 4 or 5 terrahash(per the news)...I also imagine the timeframe included a nice cushion this time as well......  and who knows how high BTC could be by then....

Like I said above, I have no doubt it'll be 6TH.

Can't power it without extra subpanels.

Hehehe, I'm thinking same...

Holy crap. Even I might have problems with that... And I have dedicated 20A 120 and 240V outlets.

[ecliptic]

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner

you forgot to mention the third scenario: BTC at 2K$ by the time you get your Neptune...

Still makes Money.

sure, but a lot less then what you would have done if you kept your btc in your wallet.

One should weight the 3 options and then decide. the fact is that probably a 3TH/s machine in April will produce 0.3BTC a day (30PH/s net hash rate). 12/0.3 = 40 day, but bear in mind that diff increase every 12 days or so buy an unknown factor...

And what happens to those poor suckers who have BTC in their wallet if the price crashes?

[vesperwillow]

Hehehe, I'm thinking same...

Which is fine for someone like yourself or myself lol.. but still. Wish they'da kept a consumer level line.

What are you talking about?

If BTC goes to 100$, people who bought these miners can ask for 10,000$.  They paid ~12.0 BTC.  

People still holding BTC would be the losers.

if BTC goes up, maybe the miner doesn't ROI in BTC, but it still makes $.

Some folks trade.. you don't want to be holding $800 coins in a $100 market.

Holy crap. Even I might have problems with that... And I have dedicated 20A 120 and 240V outlets.

Yeah if it were .5w per gh you could easily do 3th.

Beyond that...

[madsusies]

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner

That's true, it is sort of like a put option.  You could really use this as a hedge against falling BTC prices. BTC goes to 100 tomorrow? Ask for a refund.

Boys read carefully, "everyone get back refund in $ (10 000$) till shipping day, if you ask "

[xstr8guy]

oh.... here goes another 1000 pages of:  THIS IS A SCAM; DON`T BUY.  

i can tell you being a day 1 jupiter costumer this was a very good deal. 23% roi in btc, and a shitload of cash in $.

Everyone knew Jupes were going to ROI, that was a given.

You're joking, right?  This thread is filled with non-believers warning us of our terrible decisions, lol.  The only people who thought they had any chance of earning back their investment were the actual buyers.  Everyone else thought we were insane.  Then half of the non-believers went and preordered with Cointerra and HashFast.  

[vesperwillow]

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner

That's true, it is sort of like a put option.  You could really use this as a hedge against falling BTC prices. BTC goes to 100 tomorrow? Ask for a refund.

Boys read carefully, "everyone get back refund in $ (10 000$) till shipping day, if you ask "

^-- Bingo. My point..

[vesperwillow]

You're joking, right?  This thread is filled with non-believers warning us of our terrible decisions, lol.  The only people who thought they had any chance of earning back their investment were the actual buyers.  Everyone else thought we were insane.  Then half of the non-believers went and preordered with Cointerra and HashFast.  

I didn't preorder a KNC unit, but even doing the math I knew it was a goldmine.

This.. this one is not a goldmine, unless you have dedicated power panels to maximize the use.. and even then you "might" break even. The wager is BTC hitting $2.5k or more by then

[sickpig]

My text quote was about bank transfer answering to the other guys. The bold was a separate question that you introduced.

They do not give re-assurance. If they do copy paste it. I do want to see it.

sorry bro I didn't mean to bother anyone.

I've just ask if you were able to find some place where knc state explicitly that if you bank wire there's no re-assurance that you will keep your place in line. As per my understanding you are inferring that, right?

[sickpig]

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner

you forgot to mention the third scenario: BTC at 2K$ by the time you get your Neptune...

Still makes Money.

sure, but a lot less then what you would have done if you kept your btc in your wallet.

One should weight the 3 options and then decide. the fact is that probably a 3TH/s machine in April will produce 0.3BTC a day (30PH/s net hash rate). 12/0.3 = 40 day, but bear in mind that diff increase every 12 days or so buy an unknown factor...

And what happens to those poor suckers who have BTC in their wallet if the price crashes?

They will suffer a very painful state.... but having a Neptune at their disposal would not solve their problem

[ecliptic]

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner

That's true, it is sort of like a put option.  You could really use this as a hedge against falling BTC prices. BTC goes to 100 tomorrow? Ask for a refund.

Boys read carefully, "everyone get back refund in $ (10 000$) till shipping day, if you ask "

^-- Bingo. My point..

What the fuck are you talking about?  So you're just accusing them of lying then, it's explicitly stated they will refund the 10,000$ price in USD

Or are you agreeing with me?