Swedish ASIC miner company kncminer.com

[Phoenix1969]

ooooh! working on the Neptune project?  2 cool.
Thanks for the update O'rama

[1713853058]

1713853058

[Searing]

I had done some calculations this morning that turn out to be wrong.  Someone was speculating on a $3000 price tag for January Jupiters.  I think that is a lowball figure if one considers the $13200 figure for late batch 1 Neptunes, of course the $205 shipping is non-refundable as is the Bitpay take.  That $12,995 is $4.33/GHs after a few months waiting while if January Jupiters go off at $3000 it's $5.45/GHs at a nominal 550GHs tho at a power penalty.

So, either the $12,995 was a blunder or the January Jupiters are going to come with a price tag well above $3000.

But then my calcs might be all wrong today - running treadmill watching Bering Sea Gold and next episode highlights show one of the miners being carried into hospital after opening a door to someone, spinning the cylinder of a revolver, putting it to his head and it discharging.  They were not rushing thru the hospital door.

as some and myself have stated before the best I can figure is my guess of 3.5k and arrives before feb 1st I probably will get some jupiters...if more $$$ then that and or later ...my best guess is I'll just wait on my Neptunes ..because at that point...my bet will be on KNC getting stuff out early.as Neptunes as their main focus/push...the ..jupiters in the middle of feb say arrival for more then 3.5k ..I'll take my chances on Neptunes in april as their priority instead...in that they will push imho to be early (hey a guy can dream)

anyway how i'm gonna "speculate" on all this ...wrong thou it will likely be

my 2c ...not that it is worth that

Searing

[Searing]

Talking about BFL, anyone seen the BFL's new year special pricing?  Just got the e-mail.  The link is here http://www.butterflylabs.com/newsletters/happynewyear/

yep they have to go after noob's ...the scam don't work with out volume and numbers

my forced up grade (no refunds and late 65mm units ie bricks) to 900gh of monarchs will arrive months before these new priced units

a brick then (fall for me) or a brick later (march)..it is still a brick..this new stuff will be months later then mine (aug forced upgrade)

but current ftc,bbb, class action suits etc in USA have no clout and are not enforced (went thru all the hoops) if something actually ships even if 9months or 1yr late.....a pretty big online loophole by regulators ..common reply from ftc etc was we contacted them they assured us you'd get it in 6 months...paypal also said if not in 6 months we MAY consider refund...contacted paypal after 6months no go too many requests paypal had already bailed on bfl

anyway they are going after NOOBs anyone with any knowledge of forums etc will not buy from them

so yeah it is a desperation slam against 3500 KNC units (their monarch is less) and hashfast cointerra etc

and again it will likely WORK in that as long as they get a unit to someone in 9 months and have a wire xfer and btc only policy...BFL will again slide thru all the USA loopholes

be nice to see KNC react with 2.5k jupiters thou...heh

[faetos]

It's too bad that btc n00bs will fall for BFL and their ilk. It's such a shame we have so many shiester outfits out there that are just out to take ppls money and run. I get hit up a lot more now about people that are interested in bitcoin/alts etc and they have that funny look in their eye that they are going to get rich quick. It gives me pause a bit, because they'll fall for that BFLish non-sense and not listen to caution.

[The Avenger]

Phoenix Today at 02:43:18 - I mean, I'm sittin' here looking at a $26,400.40 full refund on 2 Gen public batch Neps that doesn't exist then, right?
Oh, I'm special I guess...   I guess the Jupiters I snag up with the refund $ won't exist then either.

So Phoenix bailed/got refunds on two neptunes?  

Sounds like there is a mass neptune refund going on, so people can order jupiters now. Which would be worth a lot more than some beta device in Q2/Q3. Where have I heard that before?

A few jups now is worth a helluva lot more than some faulty beta device in Q2/Q3 and you know it'll lead to mass knobtunes refunds if people could order jups now instead.

But? What?

Phoenix... if you are going to take my advice, a little thanks is surely in order? Rather than jumping down my throat every time I post?  

Ah shucks, you don't even need to bother with thanks. I know you are my biggest fan, but you have problems expressing it.

All your "TOTAL BS!" posts - I now know it's just your way of showing tough, brotherly love

[dhenson]

It's too bad that btc n00bs will fall for BFL and their ilk. It's such a shame we have so many shiester outfits out there that are just out to take ppls money and run. I get hit up a lot more now about people that are interested in bitcoin/alts etc and they have that funny look in their eye that they are going to get rich quick. It gives me pause a bit, because they'll fall for that BFLish non-sense and not listen to caution.

It's not just noobs that get caught by 'BFL and their ilk'.  The pre-order game is for the birds.

[organofcorti]

<snip>All your "TOTAL BS!" posts - I now know it's just your way of showing tough, brotherly love

Please, no "rough trade" fantasies here. You can do what you want in the privacy of your own home, but this is a family show.

[j03]

be nice to see KNC react with 2.5k jupiters thou...heh

I don't think KnC will ship anything in January or February in line with their Network Protection Statement and that's a good thing. March will be the time to start bugging KnC. We should also bug Bitcoinorama for another Q&A and pics in March That's what sold me on KnC the first time. Speaking of that, I never did tip the man. Late-as-hell tip coming orama!

[kaganader]

The Neptunes won't even break ROI even if you have it up and running on the first day of april.

http://mining.thegenesisblock.com/a/5789931a97

Yes, so don't buy one 

I've decided not to due to the estimate difficulty of when the Neptunes will finally arrive to the public, it would not be worth it for me to mine BTC with them. If it won't break ROI or barely go above ROI then it is not worth to buy 3 of them since I would just be increasing my loss.

[CYPER]

The Neptunes won't even break ROI even if you have it up and running on the first day of april.

http://mining.thegenesisblock.com/a/5789931a97

Yes, so don't buy one 

I've decided not to due to the estimate difficulty of when the Neptunes will finally arrive to the public, it would not be worth it for me to mine BTC with them. If it won't break ROI or barely go above ROI then it is not worth to buy 3 of them since I would just be increasing my loss.

Exactly. 845 billion difficulty in March 2015 is going to be a bitch
That's 1.2 million 5TH/s miners. Amazing times ahead of us.

[r1senfa17h]

I'm not sure if any of you forward ports to your miners from the internet for remote management, but you may want to check out this post if you do. Apparently, there's an exploitable bug that could allow someone to brute force your password and take control:
https://bitcointalk.org/index.php?topic=392166.0

[kaganader]

The Neptunes won't even break ROI even if you have it up and running on the first day of april.

http://mining.thegenesisblock.com/a/5789931a97

Yes, so don't buy one 

I've decided not to due to the estimate difficulty of when the Neptunes will finally arrive to the public, it would not be worth it for me to mine BTC with them. If it won't break ROI or barely go above ROI then it is not worth to buy 3 of them since I would just be increasing my loss.

Exactly. 845 billion difficulty in March 2015 is going to be a bitch
That's 1.2 million 5TH/s miners. Amazing times ahead of us.

Thought it would be around 42 trillion difficulty by march 2015 with 30% monthly increase... how are the home hobbyist and tinkerers even going to make a dent with difficulty skyrocketing. I miss the days of Gpu mining...

[vesperwillow]

be nice to see KNC react with 2.5k jupiters thou...heh

I don't think KnC will ship anything in January or February in line with their Network Protection Statement and that's a good thing. March will be the time to start bugging KnC. We should also bug Bitcoinorama for another Q&A and pics in March That's what sold me on KnC the first time. Speaking of that, I never did tip the man. Late-as-hell tip coming orama!

I don't think you understand the network protection statement at all. It was only for their first customers, who propped them up, and only for Dec/Jan. They already pulled the statement and said that they would sell/ship hash, when/if their competition began shipping. They then said due to information they've been able to go over, they've made the decision to "protect their original customers" and sell/ship hash.

It wasn't to protect Neptune orders, nor to protect current customers from increasing hashrate--except to offer them a chance to get more as well.

I'm not sure if any of you forward ports to your miners from the internet for remote management, but you may want to check out this post if you do. Apparently, there's an exploitable bug that could allow someone to brute force your password and take control:
https://bitcointalk.org/index.php?topic=392166.0

Anyone forwarding ports to the outside world, from a piece of hardware in their network, without properly securing the network and the box itself, shouldn't be in control of their network. It makes no sense to open up mining equipment to the outside world. This is why God invented secure VPN's.

[Phoenix1969]

Phoenix Today at 02:43:18 - I mean, I'm sittin' here looking at a $26,400.40 full refund on 2 Gen public batch Neps that doesn't exist then, right?
Oh, I'm special I guess...   I guess the Jupiters I snag up with the refund $ won't exist then either.

So Phoenix bailed/got refunds on two neptunes?  

Sounds like there is a mass neptune refund going on, so people can order jupiters now. Which would be worth a lot more than some beta device in Q2/Q3. Where have I heard that before?

A few jups now is worth a helluva lot more than some faulty beta device in Q2/Q3 and you know it'll lead to mass knobtunes refunds if people could order jups now instead.

But? What?

Phoenix... if you are going to take my advice, a little thanks is surely in order? Rather than jumping down my throat every time I post?  

Ah shucks, you don't even need to bother with thanks. I know you are my biggest fan, but you have problems expressing it.

All your "TOTAL BS!" posts - I now know it's just your way of showing tough, brotherly love

oh, so now you take credit? you know better...

so i guess the neptunes are sold out? anyone have an extra one? lol

Flexgroo

I can sell you a preorder....  but it will be for a small profit.

Jumping the sinking ship already Phoenix1969? I'm shocked!

The plan would be to obtain the upcoming "Off the shelvers"  hehe
I have several Neps on order...  shuffling one or three is fine with me.
Extra paddles on the ship.....

I posted that a week earlier, and you yourself commented on it...
Now you want thanks?... okay.... thanks... lol  whatever...
But on "Brotherly love"...   
I'll bite there...  I'd be bored without you here to keep me excited....   

[opentoe]

Lu (kncminer)

Dec 26 19:59

HI,

Right now, we don't have any Jupiter left in stock. And we don't have more information if Jupiter will be available again sometime in future.
If you don't want have the Neptune, you can just cancel the order.
And if Jupiter become available again, you can make an order again. Thanks!

Med vänlig hälsning |  Best regards

Lucy Edvardsson
Kncminer
www.kncminer.com

What the heck is this? In their news letter they said they would possibly sell Jupiters from stock? And then you receive an email saying they don't have any? So I was right. The only reason KNC posted that information was to make a balk and stop people from ordering from other companies, then they put their Neptune for 10k back on sale which was what they really wanted to coin for. What a smile ball tactic. I don't think I've met one honest bitcoin related company yet.

[opentoe]

no one understand why pay 13k and now is 10k

kidding with our money

They pulled the same crap when they released the Saturn. They lowered the price, and it was only like 2 week difference.

[smoothrunnings]

The Neptunes won't even break ROI even if you have it up and running on the first day of april.

http://mining.thegenesisblock.com/a/5789931a97

Yes, so don't buy one 

I've decided not to due to the estimate difficulty of when the Neptunes will finally arrive to the public, it would not be worth it for me to mine BTC with them. If it won't break ROI or barely go above ROI then it is not worth to buy 3 of them since I would just be increasing my loss.

Exactly. 845 billion difficulty in March 2015 is going to be a bitch
That's 1.2 million 5TH/s miners. Amazing times ahead of us.

If the price of bitcoin is still low in 2015 you might as well just buy them and store them rather than mine them. Sooner or later it won't be worth mining them anymore unless some newer technology replaces ASIC's.

[Phoenix1969]

Lu (kncminer)

Dec 26 19:59

HI,

Right now, we don't have any Jupiter left in stock. And we don't have more information if Jupiter will be available again sometime in future.
If you don't want have the Neptune, you can just cancel the order.
And if Jupiter become available again, you can make an order again. Thanks!

Med vänlig hälsning |  Best regards

Lucy Edvardsson
Kncminer
www.kncminer.com

What the heck is this? In their news letter they said they would possibly sell Jupiters from stock? And then you receive an email saying they don't have any? So I was right. The only reason KNC posted that information was to make a balk and stop people from ordering from other companies, then they put their Neptune for 10k back on sale which was what they really wanted to coin for. What a smile ball tactic. I don't think I've met one honest bitcoin related company yet.

Of course they're not in stock, they have to make them still.
hehehe....   whatever... I'll be ready for the Jupiter sale.
Yeah...Lies...all lies....   terrible company, evil tactics....
I was tricked and forced into making 7x my money with such crap...  doggone.

[minternj]

So you really believe they have chips sitting around doing nothing? Lol. I'll be a buyer if the price is right, but i'm under no illusion they will not be used.

[opentoe]

Whynot just buy coins instead of doing a bank wire? A lot easier.

It's not that easy to deposit money in an exchange to buy bitcoin.  A wire us much less difficult.  I personally just buy mining gear with the coins I earn.  If I don't have enough coin, then I don't buy.

I log in to coinbase, input how much I want to buy and press a button. Within 2-3 days (quicker depending on verification level) it's in my wallet. What's easier is buying from the BTC I have, and using the Coinbase amount to resupply. Baddabing, you're done. Instant transfer, just the way BTC was meant.

So yeah, it really is that easy. I suppose if you use other exchange methods perhaps it's more difficult.

Hmm, maybe I need to try Coinbase!  I've only ever used BTC-e and MtGox.

Read the Coinbase thread in the service threads. People have issues with them a lot and I've had my share of issues as well.