Swedish ASIC miner company kncminer.com

[sickpig]

i really wish KNC would answer their phones once in a awhile....

I don't think CS dept works on saturday.

[ASIC-K]

i really wish KNC would answer their phones once in a awhile....

I don't think CS dept works on saturday.

naw i mean all last week.

[sickpig]

i really wish KNC would answer their phones once in a awhile....

I don't think CS dept works on saturday.

naw i mean all last week.

sorry then

[r1senfa17h]

well said. Very often people looking at mining business is a short term, 2 weeks business.

It took me 7 months to break even when BTC at 25 dollar. Then price jump up and my asset increase by 5 times, it took almost 1 year to get to this point right now.


Guys, consider this is a long term investment and effort. If you want to get rich quick, go back to day trade instead of mining.

You really don't get it. It is how many bitcoins your miner will ever make against how many bitcoins you could have bought instead of the miner. Btc value in dollars is irrelevant.

As someone who clearly understands that one is likely to end up with more BTC by simply purchasing them than mining them in the end, let me explain why I choose to mine. It's called hedging your bets.

Effectively, I've sold my BTC for $845/each when I purchased the Neptunes. If BTC price collapses, I can ask for a refund in US dollars (Remember, KnC never receives any BTC through Bitpay and will always refund in USD). In this scenario, I will not lose any USD. The highest risk in this example is that KnC refuses to refund.

In the event that BTC price continues to increase (my hope), I will likely mine less BTC than I spent, but will still end up with more USD at a lower risk than just holding BTC.

[r1senfa17h]

Not exactly new info, but here's some interesting insight about another company (Black Arrow) considering 20nm tech through TSMC:

http://ecointalk.net/topic/289-20nm-or-28nm/

[dogjunior]

People that say buy BTC not miners just want the difficulty to stay low so that they can mine more BTC. Holding BTC has it's own stress. Friend of mine purchased $20k of BTC when it was near its high during the summer. He then panicked when it dropped below $80 and sold. Unless you have a crystal ball that can predict the future, you are better off buying mining equipment.

[RoadStress]

People that say buy BTC not miners just want the difficulty to stay low so that they can mine more BTC. Holding BTC has it's own stress. Friend of mine purchased $20k of BTC when it was near its high during the summer. He then panicked when it dropped below $80 and sold. Unless you have a crystal ball that can predict the future, you are better off buying mining equipment.

Unless your friend really needed the money invested in BTC then he is a big moron. There was no reason to sell at 80$ or even at 10$. He could just hold the BTC for 1-2-5-10 years until the price was right for him. There is simply no explanation for his move only the urgent need of money.

[lkthomas]

People that say buy BTC not miners just want the difficulty to stay low so that they can mine more BTC. Holding BTC has it's own stress. Friend of mine purchased $20k of BTC when it was near its high during the summer. He then panicked when it dropped below $80 and sold. Unless you have a crystal ball that can predict the future, you are better off buying mining equipment.

Unless your friend really needed the money invested in BTC then he is a big moron. There was no reason to sell at 80$ or even at 10$. He could just hold the BTC for 1-2-5-10 years until the price was right for him. There is simply no explanation for his move only the urgent need of money.

Easy to say!  and if you have experience of crypto fair enough, but if you are new and you see a massive drop then im sure a lot of people would do the same.  I for one have brought height and sold low...   But people fear that BTC is a fad.  and for us that are deeply engrossed in crypto we know it's not going to tank, but an outsider doesn't see the world in the same way we do. 

But this is a KNCminer thread so.  Please can we stay completely related to KnC mining equipment.   

Let's stick to topic. I think with mining, you have a control of what the outcome are, also, because it's hard earning coins, you are not easily driven by emotion where trading is VERY emotional some time.

[PenAndPaper]

well said. Very often people looking at mining business is a short term, 2 weeks business.

It took me 7 months to break even when BTC at 25 dollar. Then price jump up and my asset increase by 5 times, it took almost 1 year to get to this point right now.


Guys, consider this is a long term investment and effort. If you want to get rich quick, go back to day trade instead of mining.

You really don't get it. It is how many bitcoins your miner will ever make against how many bitcoins you could have bought instead of the miner. Btc value in dollars is irrelevant.

As someone who clearly understands that one is likely to end up with more BTC by simply purchasing them than mining them in the end, let me explain why I choose to mine. It's called hedging your bets.

Effectively, I've sold my BTC for $845/each when I purchased the Neptunes. If BTC price collapses, I can ask for a refund in US dollars (Remember, KnC never receives any BTC through Bitpay and will always refund in USD). In this scenario, I will not lose any USD. The highest risk in this example is that KnC refuses to refund.

In the event that BTC price continues to increase (my hope), I will likely mine less BTC than I spent, but will still end up with more USD at a lower risk than just holding BTC.

Do you even understand what you are saying? You buy mining equipment with dollars to hedge against bitcoin collapsing  
Converting btc to usd is a way to hedge. You don't have to buy mining equipment with those money! (wth isn't that pretty obvious)
On top of that by paying 10k now with the option to get a refund 5(!) months later you are still losing money. It's like giving them a free loan.

Actually you do a bad investment but you are doing it with a hedge strategy against the worst case scenario. It's stiil a bad investment.

[Bogart]

I didn't want a phone call...a fucking email would have been nice though. 1st I heard was on this forum, hours after the things were sold. I bought a KNC machine mainly based on it's ability to be upgraded

I got an email.  Did you not sign up for their email newsletter?

[Bogart]

Any news about NovBatch which was "in progress" and later back to "paid"

My orders all "in progress" and now back to "paid"

 

Mine when back to paid but still got UPS tracking number and it was here the next day.  Have you got a tracking no.?

I have not yet received a UPS tracking number for my November Jupiter, and November's almost over.  I think they have about 7 more hours of November left in Sweden right now.

All orders placed today will ship in November.

[ImI]

Any news about NovBatch which was "in progress" and later back to "paid"

My orders all "in progress" and now back to "paid"

 

Mine when back to paid but still got UPS tracking number and it was here the next day.  Have you got a tracking no.?

I have not yet received a UPS tracking number for my November Jupiter, and November's almost over.  I think they have about 7 more hours of November left in Sweden right now.

All orders placed today will ship in November.

same here

in fact i wouldnt go mad if they deliver next week

what makes me mad is the complete lack of communication......again

i have got a scheduele to make for next week and i have no clue now when to expect the jups. thats f*** sucks!

[r1senfa17h]

well said. Very often people looking at mining business is a short term, 2 weeks business.

It took me 7 months to break even when BTC at 25 dollar. Then price jump up and my asset increase by 5 times, it took almost 1 year to get to this point right now.


Guys, consider this is a long term investment and effort. If you want to get rich quick, go back to day trade instead of mining.

You really don't get it. It is how many bitcoins your miner will ever make against how many bitcoins you could have bought instead of the miner. Btc value in dollars is irrelevant.

As someone who clearly understands that one is likely to end up with more BTC by simply purchasing them than mining them in the end, let me explain why I choose to mine. It's called hedging your bets.

Effectively, I've sold my BTC for $845/each when I purchased the Neptunes. If BTC price collapses, I can ask for a refund in US dollars (Remember, KnC never receives any BTC through Bitpay and will always refund in USD). In this scenario, I will not lose any USD. The highest risk in this example is that KnC refuses to refund.

In the event that BTC price continues to increase (my hope), I will likely mine less BTC than I spent, but will still end up with more USD at a lower risk than just holding BTC.

Do you even understand what you are saying? You buy mining equipment with dollars to hedge against bitcoin collapsing  
Converting btc to usd is a way to hedge. You don't have to buy mining equipment with those money! (wth isn't that pretty obvious)
On top of that by paying 10k now with the option to get a refund 5(!) months later you are still losing money. It's like giving them a free loan.

Actually you do a bad investment but you are doing it with a hedge strategy against the worst case scenario. It's stiil a bad investment.

I don't think you understand. What I described may have a lower upside potential than simply purchasing bitcoin, but I also have a significantly lower downside potential. As long as KnC offers refunds (which is key), then I have a low chance of losing any USD.

Furthermore, it doesn't matter if I paid in USD or BTC, since it would have costed me the same amount of USD to buy the BTC I needed to purchase the Neptunes at the moment I needed.

The amount of time KnC has my money is relatively trivial while less than 6 months. Perhaps if this investment was a larger part of my portfolio I'd care.

[Meizirkki]

well said. Very often people looking at mining business is a short term, 2 weeks business.

It took me 7 months to break even when BTC at 25 dollar. Then price jump up and my asset increase by 5 times, it took almost 1 year to get to this point right now.


Guys, consider this is a long term investment and effort. If you want to get rich quick, go back to day trade instead of mining.

You really don't get it. It is how many bitcoins your miner will ever make against how many bitcoins you could have bought instead of the miner. Btc value in dollars is irrelevant.

As someone who clearly understands that one is likely to end up with more BTC by simply purchasing them than mining them in the end, let me explain why I choose to mine. It's called hedging your bets.

Effectively, I've sold my BTC for $845/each when I purchased the Neptunes. If BTC price collapses, I can ask for a refund in US dollars (Remember, KnC never receives any BTC through Bitpay and will always refund in USD). In this scenario, I will not lose any USD. The highest risk in this example is that KnC refuses to refund.

In the event that BTC price continues to increase (my hope), I will likely mine less BTC than I spent, but will still end up with more USD at a lower risk than just holding BTC.

Do you even understand what you are saying? You buy mining equipment with dollars to hedge against bitcoin collapsing  
Converting btc to usd is a way to hedge. You don't have to buy mining equipment with those money! (wth isn't that pretty obvious)
On top of that by paying 10k now with the option to get a refund 5(!) months later you are still losing money. It's like giving them a free loan.

Actually you do a bad investment but you are doing it with a hedge strategy against the worst case scenario. It's stiil a bad investment.

If you're going to keep on trying to derail the thread, please at least take the advertisement off your signature so we can all take you seriously.

[Phoenix1969]

Higher the risk....  higher the reward
But to me..... Gambling on KNC isn't such a "High risk"....especially when compared to the so-called "competition". I'm just following my "Gut Instinct" at this point...I'm having a blast anyway...

I once went long JBLU through a leveraged position on my gut instinct... guess what?  MARGIN CALL!!!  

Pshaw......  @ 1200 a coin....it's practically like an an IPO  Good luck.. 

[Bogart]

This is the KnC thread.  Please take unrelated discussion elsewhere.

[Phoenix1969]

I didn't want a phone call...a fucking email would have been nice though. 1st I heard was on this forum, hours after the things were sold. I bought a KNC machine mainly based on it's ability to be upgraded

I got an email.  Did you not sign up for their email newsletter?

Yeah, Emails were sent..got one here too.

[helmax]

my jupiter now say payed before said progress
anyone have this trouble?

[Phoenix1969]

well said. Very often people looking at mining business is a short term, 2 weeks business.

It took me 7 months to break even when BTC at 25 dollar. Then price jump up and my asset increase by 5 times, it took almost 1 year to get to this point right now.


Guys, consider this is a long term investment and effort. If you want to get rich quick, go back to day trade instead of mining.

You really don't get it. It is how many bitcoins your miner will ever make against how many bitcoins you could have bought instead of the miner. Btc value in dollars is irrelevant.

well said. Very often people looking at mining business is a short term, 2 weeks business.

It took me 7 months to break even when BTC at 25 dollar. Then price jump up and my asset increase by 5 times, it took almost 1 year to get to this point right now.


Guys, consider this is a long term investment and effort. If you want to get rich quick, go back to day trade instead of mining.

You really don't get it. It is how many bitcoins your miner will ever make against how many bitcoins you could have bought instead of the miner. Btc value in dollars is irrelevant.

As someone who clearly understands that one is likely to end up with more BTC by simply purchasing them than mining them in the end, let me explain why I choose to mine. It's called hedging your bets.

Effectively, I've sold my BTC for $845/each when I purchased the Neptunes. If BTC price collapses, I can ask for a refund in US dollars (Remember, KnC never receives any BTC through Bitpay and will always refund in USD). In this scenario, I will not lose any USD. The highest risk in this example is that KnC refuses to refund.

In the event that BTC price continues to increase (my hope), I will likely mine less BTC than I spent, but will still end up with more USD at a lower risk than just holding BTC.

Do you even understand what you are saying? You buy mining equipment with dollars to hedge against bitcoin collapsing  
Converting btc to usd is a way to hedge. You don't have to buy mining equipment with those money! (wth isn't that pretty obvious)
On top of that by paying 10k now with the option to get a refund 5(!) months later you are still losing money. It's like giving them a free loan.

Actually you do a bad investment but you are doing it with a hedge strategy against the worst case scenario. It's stiil a bad investment.

Some people just can't see the forest through all the big trees.....  common.
BTW...  refunds are carried out based on fiat value... not given back btc equivalent.

[ASIC-K]

I didn't want a phone call...a fucking email would have been nice though. 1st I heard was on this forum, hours after the things were sold. I bought a KNC machine mainly based on it's ability to be upgraded

I got an email.  Did you not sign up for their email newsletter?

Yeah, Emails were sent..got one here too.

ditto. i got one as well.