Swedish ASIC miner company kncminer.com

[BitcoinApprentice]

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.

Same. I only knew because of the email. I'll give KNC that much.

But they didn't give any notice prior. They just opened up and immediately closed down.

i was pissed when they did this little notice thing with the upgrades too, but i kind of get it now. if they gave everyone a couple weeks notice and told everyone "order opens november 26th" the site would probably crash and cause a ton of issues, i guess they have to give little notice as to not flood the order system? does that make sense?

It would have crashed only if they are NOT tech savvy. There's not THAT many users that would hit all at once. Even 20,000 simultaneous orders is not that many. Ticketmaster can handle SPECIFIC time frames-- Why Couldn't KnC? The cost would be minimal for improved customer service. Though it IS a cost, I'll grant that.

[1713238465]

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[xstr8guy]

Oh and would anyone else care to share why not only has the price of the Neptune gone up but the SHIPPING has too? Christ mate. Talk about gouging both new and existing.

What's the alternative?

Buy the same amount in BTC, and hold it, and/or trade with it. I made 30% BTC inrease over the past few days via trading.

Example...If you spend 18btc on a neptune, and let's say in a perfect world it turns out a total of 25, you've made 39%. And that's 3-6 months after my recent 30% increase. Likely, I will make more increases over time.

So yeah, the alternative is to do what I did, and be making profit.. today. I have no doubt the Neptune will be stupid powerful.. like connect it to a 3 phase outlet and it'll chug along at 6TH or something.. but with a sharp eye, you could take the same investment and do similar--if not better. The Neptune is just a lot easier.. plug it in and let it chug.

Likely you will panic sell when BTC takes the next dive.  Good luck!  I'll keep mining.

[vesperwillow]

I understand that the first batch of Jupiters had to make over 70 coins to break even in BTC and that was going to be tough...  but how can you look at a Neptune and say that it will produce less than 10 coins.    My two jupiters today still create 1 coin a day (combined).      The risk is very different than it was with purchasing Jupiters when BTC was at $100.  

I have no doubt each Neptune will produce more than 10BTC which is what I paid.  

The price seems high when you compare it to other companies that took preorders but think about how much those customers paid in BTC.   30-40 BTC?  Definitely not 10 for over 3TH!   I would have loved to see Neptune priced at $6k but that is almost a joke when pricing it at 6BTC.

If you are in tune with the difficulty, the amount of estimated network hash to be delivered over the next 6 months, and the many other factors.. you could calculate and see why 3th might only make 10-15btc in 45 days, or 20 over its lifetime.

Likely you will panic sell when BTC takes the next dive.  Good luck!  I'll keep mining.

I have never--and will never--panic sell. But way to take a wild guess.

Panic selling is silly, especially with house money. I have nothing to lose, so my scripts and manual trading methods will continue to bank on the tried-and-true buy-high-sell-low. Yes, I have losses, but my net has been 300..400% since August. In BTC.

just for curiosity and for benchmarking purposes :
How many BTC are you doing per day with a Jupiter?
- 0.4 Per day at Slush for the past 7 days -

I make .24btc/day with less than 200gh on the same pool. What are you doing wrong?

[reactor]

The biggest problem I'm seeing with KNC - why only the Neptune?  I won't lend my thoughts to the sales technique of giving previous customers a better price and more lead time than a normal Joe off the street, but w[here]tf are the more reasonable units in regards to power consumption?  There are a lot of folks who simply can't handle the type of power requirements that a Neptune needs, so while I could run a Saturn in every room of the house I rent due to an ingenious power arrangement, Neptune, even if my group wanted one, is just not possible.

Alright, I lied, so about the pricing...  So early adopters pay $10k, newbies $13k.  So they profit at least $3k per machine, of course a lot more since they wouldn't sell the first batch at-cost.  Meaning KNC is making a mint off of people, but it seems like they (along with others) have forgotten that there is a fucking gigantic market that is drying up for the hobbyist community of miners who want to be "in the game" but can't get a custom electric line placed into their location.  This is why Bitmain is selling every unit they produce in their "auctions" - you can't find something in the 100-400GH range readily available and people are jumping at the bit to get these things.  A reasonably priced batch of Saturn/Mercury type units would sell out no problem at this point since KNC is 'proven', but all their store shows is the Neptune.  

I don't know, seems to be a losing proposition since anyone who looks at KNC now that didn't previously order is likely in the "f this" camp and looking for a different vendor.

[Phoenix1969]

Why is KNC not like Ticketmaster?    UUUuuuh....

Ticketmaster looks a bit like this....


KNC support looks a bit like this:


One guy gets through, and hears a sexy swedish girl's voice...and you never get them off the phone!..

All they mentally see is this:


No wonder!

[xstr8guy]

The biggest problem I'm seeing with KNC - why only the Neptune?  I won't lend my thoughts to the sales technique of giving previous customers a better price and more lead time than a normal Joe off the street, but w[here]tf are the more reasonable units in regards to power consumption?  There are a lot of folks who simply can't handle the type of power requirements that a Neptune needs, so while I could run a Saturn in every room of the house I rent due to an ingenious power arrangement, Neptune, even if my group wanted one, is just not possible.

Alright, I lied, so about the pricing...  So early adopters pay $10k, newbies $13k.  So they profit at least $3k per machine, of course a lot more since they wouldn't sell the first batch at-cost.  Meaning KNC is making a mint off of people, but it seems like they (along with others) have forgotten that there is a fucking gigantic market that is drying up for the hobbyist community of miners who want to be "in the game" but can't get a custom electric line placed into their location.  This is why Bitmain is selling every unit they produce in their "auctions" - you can't find something in the 100-400GH range readily available and people are jumping at the bit to get these things.  A reasonably priced batch of Saturn/Mercury type units would sell out no problem at this point since KNC is 'proven', but all their store shows is the Neptune.  

I don't know, seems to be a losing proposition since anyone who looks at KNC now that didn't previously order is likely in the "f this" camp and looking for a different vendor.

While I agree that KNC should offer less powerful miners, power consumption for anyone should not be a concern.  Just use a hosting provider if you're a renter or just unable to upgrade your panel.

I never liked the idea of using a hosting provider because I wanted to possess the actual equipment.  But now after dealing with a room full of gear (and growing), I'm seriously considering it.

[BitcoinApprentice]

Who the hell got free boards or special treatment from KNC? And how and why did they get that treatment, freebies?



Also, some people are just passive and like to turn around and take it up the ass...that's just the way some people are, human, right?

[...]

Haters will be haters... Jealousy is retarded since someone getting freebies does not change *your* situation and Pheonix is in full disclosure so a big plus for that.

I got a free desert the other day when the restaurant screwed up. It was in Secret, so guess I better not disclose the terms of my failure-turned-success here. LOL.   While Phoenix's Customer Service win would be nice for KnC to duplicate, (since everyone tries to better their own situation) - you can be angry at your own Customer No-Service, but still be happy for where it's successful.  Kudos Phoenix, Que sara rest. 

[reactor]

The biggest problem I'm seeing with KNC - why only the Neptune?  I won't lend my thoughts to the sales technique of giving previous customers a better price and more lead time than a normal Joe off the street, but w[here]tf are the more reasonable units in regards to power consumption?  There are a lot of folks who simply can't handle the type of power requirements that a Neptune needs, so while I could run a Saturn in every room of the house I rent due to an ingenious power arrangement, Neptune, even if my group wanted one, is just not possible.

Alright, I lied, so about the pricing...  So early adopters pay $10k, newbies $13k.  So they profit at least $3k per machine, of course a lot more since they wouldn't sell the first batch at-cost.  Meaning KNC is making a mint off of people, but it seems like they (along with others) have forgotten that there is a fucking gigantic market that is drying up for the hobbyist community of miners who want to be "in the game" but can't get a custom electric line placed into their location.  This is why Bitmain is selling every unit they produce in their "auctions" - you can't find something in the 100-400GH range readily available and people are jumping at the bit to get these things.  A reasonably priced batch of Saturn/Mercury type units would sell out no problem at this point since KNC is 'proven', but all their store shows is the Neptune.  

I don't know, seems to be a losing proposition since anyone who looks at KNC now that didn't previously order is likely in the "f this" camp and looking for a different vendor.

While I agree that KNC should offer less powerful miners, power consumption for anyone should not be a concern.  Just use a hosting provider if you're a renter or just unable to upgrade your panel.

I never liked the idea of using a hosting provider because I wanted to possess the actual equipment.  But now after dealing with a room full of gear (and growing), I'm seriously considering it.

Hosting provider puts a lot of trust in someone else to maintain, optimize, etc., etc., when this is all stuff I can do myself with spare time.  The hardware itself is part of the appeal, personally, which is why I handle all of the hardware for my group.  Like I said, we could run a Saturn, etc., in every single room of this house because of how power is distro'd.  But it somewhat saddens me that while I'm sitting on a pile of cash to invest in hardware and KNC has proven themselves to be a pretty reliable vendor, their option to go big or go home sucks because it is prohibitive to newcomers (who will likely get fleeced for first gen units in the usual "sell new folks hardware that will never ROI game" that so many are fond of) as well as folks who simply can't handle the power draw. 

[Biffa]

Why is KNC not like Ticketmaster?    UUUuuuh....

Ticketmaster looks a bit like this....


KNC support looks a bit like this:


One guy gets through, and hears a sexy swedish girl's voice...and you never get them off the phone!..

All they mentally see is this:


No wonder!

But the reality is more like this:


And they feel like this:

[Phoenix1969]

just noticed I got UPS tracking# in email......

[Biffa]

just noticed I got UPS tracking# in email......

OK now I hate you

[Phoenix1969]

just noticed I got UPS tracking# in email......

OK now I hate you

It is quite the emotional roller-coaster.....   hehe

[dracore]

How much power is Neptune slated to pull?  Is it beyond anything a typical US household/apartment AC outlet could feed?

[Phoenix1969]

How much power is Neptune slated to pull?  Is it beyond anything a typical US household/apartment AC outlet could feed?

I think it will be like this:
If you connect the Neptune  to it's OWN 20amp circuit, with nothing else, you should be fine.
Whatever you do, don't put it on the same circuit as something like a microwave, or toaster, or anything that draws significant wattage. Make sure it's on a 20amp breaker minimum.

[RenHoek]

The biggest problem I'm seeing with KNC - why only the Neptune?  I won't lend my thoughts to the sales technique of giving previous customers a better price and more lead time than a normal Joe off the street, but w[here]tf are the more reasonable units in regards to power consumption?  There are a lot of folks who simply can't handle the type of power requirements that a Neptune needs, so while I could run a Saturn in every room of the house I rent due to an ingenious power arrangement, Neptune, even if my group wanted one, is just not possible.

Alright, I lied, so about the pricing...  So early adopters pay $10k, newbies $13k.  So they profit at least $3k per machine, of course a lot more since they wouldn't sell the first batch at-cost.  Meaning KNC is making a mint off of people, but it seems like they (along with others) have forgotten that there is a fucking gigantic market that is drying up for the hobbyist community of miners who want to be "in the game" but can't get a custom electric line placed into their location.  This is why Bitmain is selling every unit they produce in their "auctions" - you can't find something in the 100-400GH range readily available and people are jumping at the bit to get these things.  A reasonably priced batch of Saturn/Mercury type units would sell out no problem at this point since KNC is 'proven', but all their store shows is the Neptune.  

I don't know, seems to be a losing proposition since anyone who looks at KNC now that didn't previously order is likely in the "f this" camp and looking for a different vendor.

Take a look at this Phrase then imagine and relax!:
Our first offering  at 20nm is called Neptune following the naming convention from our 28nm range.

Seems there will other machines announces follow.  

[rocks]

A reasonably priced batch of Saturn/Mercury type units would sell out no problem at this point since KNC is 'proven', but all their store shows is the Neptune.  

I can not understand this either and KnC makes no sense in not offering Saturn/Mercury miners "in mass".

Any ASIC business usually develops a chip and then runs it for at least 1 year. Now that their first design is proven, bugs are worked out and NRE costs recouped, KnC could do large volume runs of the older line and price these things at levels that blow the competition away. Everyone will flock to them since they are proven. Or they could just offer the ASICs and let the 3rd party board developers run with it.

In the ASIC business the high-volume player always wins in the long run, it makes sense for any successful bitcoin ASIC vendor to take this route early to establish themselves. IMHO KnC is opening the door for Black Arrow or other similar ASICs to take a higher volume route with 3rd party board developers.

[BitcoinApprentice]

Why is KNC not like Ticketmaster?    UUUuuuh....

<Pics Snipped>

One guy gets through, and hears a sexy swedish girl's voice...and you never get them off the phone!..

All they mentally see is this:
https://i.imgur.com/W8Wm4Jz.jpg

No wonder!

Ohhh, they have female reps?        LOL
ps. I've never called, (email worked fine for me)

[kendog77]

A reasonably priced batch of Saturn/Mercury type units would sell out no problem at this point since KNC is 'proven', but all their store shows is the Neptune.  

I can not understand this either and KnC makes no sense in not offering Saturn/Mercury miners "in mass".

Any ASIC business usually develops a chip and then runs it for at least 1 year. Now that their first design is proven, bugs are worked out and NRE costs recouped, KnC could do large volume runs of the older line and price these things at levels that blow the competition away. Everyone will flock to them since they are proven. Or they could just offer the ASICs and let the 3rd party board developers run with it.

In the ASIC business the high-volume player always wins in the long run, it makes sense for any successful bitcoin ASIC vendor to take this route early to establish themselves. IMHO KnC is opening the door for Black Arrow or other similar ASICs to take a higher volume route with 3rd party board developers.

Doing that may kill the goose that lays the golden egg. I think the reason Knc is doing limiting batches is to avoid driving up the difficulty to the point where it is no longer cost effective for them to manufacture new ASIC devices.

Every machine Knc delivers effectively pushes down the value of their future devices, which is one of the great paradoxes of the zero sum bitcoin mining game.

[RenHoek]

A reasonably priced batch of Saturn/Mercury type units would sell out no problem at this point since KNC is 'proven', but all their store shows is the Neptune.  

I can not understand this either and KnC makes no sense in not offering Saturn/Mercury miners "in mass".

Any ASIC business usually develops a chip and then runs it for at least 1 year. Now that their first design is proven, bugs are worked out and NRE costs recouped, KnC could do large volume runs of the older line and price these things at levels that blow the competition away. Everyone will flock to them since they are proven. Or they could just offer the ASICs and let the 3rd party board developers run with it.

In the ASIC business the high-volume player always wins in the long run, it makes sense for any successful bitcoin ASIC vendor to take this route early to establish themselves. IMHO KnC is opening the door for Black Arrow or other similar ASICs to take a higher volume route with 3rd party board developers.

KNC steps in very tactical and ethical ways! Profit is not all for this Guys! They seems akind of holy.  

[BitcoinApprentice]

The biggest problem I'm seeing with KNC - why only the Neptune?  I won't lend my thoughts to the sales technique of giving previous customers a better price and more lead time than a normal Joe off the street, but w[here]tf are the more reasonable units in regards to power consumption?  There are a lot of folks who simply can't handle the type of power requirements that a Neptune needs, so while I could run a Saturn in every room of the house I rent due to an ingenious power arrangement, Neptune, even if my group wanted one, is just not possible.

Alright, I lied, so about the pricing...  So early adopters pay $10k, newbies $13k.  So they profit at least $3k per machine, of course a lot more since they wouldn't sell the first batch at-cost.  Meaning KNC is making a mint off of people, but it seems like they (along with others) have forgotten that there is a fucking gigantic market that is drying up for the hobbyist community of miners who want to be "in the game" but can't get a custom electric line placed into their location.  This is why Bitmain is selling every unit they produce in their "auctions" - you can't find something in the 100-400GH range readily available and people are jumping at the bit to get these things.  A reasonably priced batch of Saturn/Mercury type units would sell out no problem at this point since KNC is 'proven', but all their store shows is the Neptune.  

I don't know, seems to be a losing proposition since anyone who looks at KNC now that didn't previously order is likely in the "f this" camp and looking for a different vendor.

Take a look at this Phrase then imagine and relax!:
Our first offering  at 20nm is called Neptune following the naming convention from our 28nm range.

Seems there will other machines announces follow.  

The next step is OBVIOUSLY a 10Th/s machine.