Swedish ASIC miner company kncminer.com

[FeedbackLoop]

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?

 Not bothered at all.

I didn't see them stating that. I just mean I didn't see them stating the assurance like they did last time and would really like to see since I am considering an order and a bank transfer.

[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?

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

Why on earth would a person who ordered a neptune keep it if BTC crashes?  They refund their preorder and just effectively cashed out their coins at 850$

[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

Why on earth would a person who ordered a neptune keep it if BTC crashes?  They refund their preorder and just effectively cashed out their coins at 850$

you have a point. so the worst case scenario would be btc crashing just after your delivery day.

[Rampion]

What about shipping date? Q1/Q2 is a bad joke, that's a 6 months time frame. They could ship in June and that's Q2.

[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?

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

Why on earth would a person who ordered a neptune keep it if BTC crashes?  They refund their preorder and just effectively cashed out their coins at 850$

you have a point. so the worst case scenario would be btc crashing just after your delivery day.

that is correct, but that risk applies to every single miner.

[xstr8guy]

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

Who's worried about the power requirements?  If you haven't noticed, KNC has hosting services and there are other 3rd parties who also offer hosting services.

[sickpig]

 Not bothered at all.

I'm glad.

I didn't see them stating that. I just mean I didn't see them stating the assurance like they did last time and would really like to see since I am considering an order and a bank transfer.

fwiw I've sent an email about this 30mins ago, let see what we get. Did you already try to contact them?

[chrono030]

This is a really tough decision to make...  The first unit was a slam dunk for people wanting to get into BTC.  Take a look at black arrow - they actually delivered FPGA's and their offering is going to be leaps and bounds cheaper than a KNC unit.  is the fact that they delivered worth the ~240% or thereabouts premium (assuming 1.49 per GH/s)

[markm]

How do you remove an item from your KnC shopping cart?

I still have a november Jupiter in my cart and there does not seem to be any way to remove it.

The checkout button does not work either, presumably because that no longer available item is in the cart.

-MarkM-

[bobsag3]

How do you remove an item from your KnC shopping cart?

I still have a november Jupiter in my cart and there does not seem to be any way to remove it.

The checkout button does not work either, presumably because that no longer available item is in the cart.

-MarkM-

I was able to deleted my 10 jups in my cart left over... but every time I log in they are still there.

[madsusies]

Who care about the points,  if you got Jupiter you can afford pay 12btc and till March. April mine another bitcoins and ask refund,  you will get 10 000$, it just about lurking btc to 20nm project

[FeedbackLoop]

fwiw I've sent an email about this 30mins ago, let see what we get. Did you already try to contact them?

Nope, was hoping a generous soul like you would figure it out for me in the heat of the moment.  

[vesperwillow]

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?

Misread the refund line, that's my bad.

[Biffa]

How do you remove an item from your KnC shopping cart?

I still have a november Jupiter in my cart and there does not seem to be any way to remove it.

The checkout button does not work either, presumably because that no longer available item is in the cart.

-MarkM-

I was able to deleted my 10 jups in my cart left over... but every time I log in they are still there.

Do they show as paid?

[markm]

In fact if you bought BTC with what you paid for your miner, you would be much better off, except everyone seems to ignore this.

And folks that say this over and over always ignore the bigger elephant which is what is your target sell price?  

So, right now, say how much BTC you will buy today and how high you will wait to sell.   I don't remember anyone saying they were buying $14000 worth of BTC in June and holding until they were $800 each

What matters is how much more $$$ you end up with.  If you end up with more $$$ after only mining 60-80% of your BTC back since you end up selling at a later time than if you just bought btc and then had your weak hands shook, and only gained half of what you would of if you bought miners and mined..

talk about that side of reality.. the human element


so in summary, the people who keep repeating this dogma of just buy btc instead of mining are the people that don't want anyone else to mine...  game theory 101

Since there is hardly ever anything else that appreciates as well as bitcoins do, why would you sell at all unless forced to?

Sure if you lack cash for food clothing or shelter you'll be forced to sell a bitcoin or few at $800 or $8000 or $80000 or whatever value they have when that time of desperation comes around, but until then where the heck would you put your stash if not in bitcoins? Altcoins you can get by merged mining alongside your bitcoin mining, or using GPUs left over from the GPU era of bitcoin mining, or using the CPUs that came with the motherboards you used to plug GPUs into. So what else? You going to sell bitcoins to buy APPLE or IBM or FACEBOOK or something?

-MarkM-

[helmax]

wht is better pay with bitcoin or bank?

[Rampion]

Guys, you are already paying the miners... But really, what's the delivery date? Q1/Q2? So you are signing up to a miner that could be delivered in June (Q2) and be ok with it? Or am I missing something?

[Rampion]

wht is better pay with bitcoin or bank?

Always bank, getting rid of your BTC has historically been a mistake.

[Biffa]

http://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/

[NetTime]

Ordered 2 Neptunes but not sure this is gonna go as well as the batch 1 Jupiters.  They better not screw this up.