Swedish ASIC miner company kncminer.com

[arousedrhino]

arousedrhino

I see your point

I actually believe KNC is a smart and reputable  company who wants to protect their reputation ,especially in the minds of  their long term customers\investors are concerned. I dont think they were trying to be misleading or being stupid when they made such statements and I think they will sell some Jupiters soon .

I completely agree with this. I actually think the statement was very smart from a company perspective since it opened the door for them to sell more product if they wanted to wether its about network protection or just making more money.

KNC can see that some of there original investors are starting to buy miners else where because of the diff rise continous . Selling more hash power now is smart business and I believe it protects us ("Us" being  their customer base )  I personally  believe its in every investors interest to re-invest asap  (Investors as  in KNC products investors)

Just in case KNC are getting double minded in their decisions , I think we should  let them know .........and Im sure their listening

Pete

I think that from KNC's point of view the Neptune discount pre-order was the opportunity to re-invest. I'm still hopeful they will release some Jupiters because of that statement to keep coins handy.

I actually think the more likely scenario is that they have already planned to make say 3000 Neptunes. Right now say 1K are sold leaving 2K left in the production batch. As the deadline gets closer they will offer these Neptunes in later batches for a discounted price to those who have already purchased KNC hardware.

Unfortunately there is no way for me to re-invest when the power requirements for the machine cannot be met in my household . I couldn't even consider ordering the Neptune due to the power draw. It seems to me that KNC is going to cater to the professional mining network with quality machines. All those Neptune pre-orders represent people with houses that can draw at least 2000W continuously which means they most likely can keep ordering machines and re-invest. This all makes sense from a business perspective I think. If they release more Jupiters they risk pissing off the customers who may order many more large mining machines for years to come which is why I really doubt they will release them. I hope I am wrong though.

[vesperwillow]

I think that from KNC's point of view the Neptune discount pre-order was the opportunity to re-invest. I'm still hopeful they will release some Jupiters because of that statement to keep coins handy.

It's a shame they didn't discount them further for current customers. They're far overpriced, and if it's anything like a Jupiter which costs about $1,000 to make, KNC is definitely doing themselves well. Nothing wrong with that, but just looking at it from the angle of "couldve said a bigger thank you" to their batch 1 customers.

[nightengale]

Is the refund policy on Neptune the same as it was for the Jupiter series?

[AussiePete]

arousedrhino

I surpose KNC have to consider 3 ranges of investors

1.  Small
2.   Medium
3.   Large

and cross reference them

1. Not re investing
2. Might buy one or two
3. Will continue 10 at a time every few months


and as every business man knows , you are probably going to take notice of your major buyers intent the most  .......The more aggressive you are early in this game , the profitable you should be .

Thats if you believe that btc is going to continue to rise and that mining equipment are going to get larger and larger Hashing power . Since 95% business models were capitalism is concerned , is that most simple systems usually (eventually) get  bigger and bigger . Thats only based on the thought that btc stays over $500 in value and probably will continue to climb as more and more people use btc . As more and more people are using or holding btc , they will become rarer and therefor continue o rise in value ..........causing more people to want to buy miners ..........vicious circle hopefully leading to $

Only my opinion   { and Ive been wrong before  : )   }

Pete

[arousedrhino]

arousedrhino

I surpose KNC have to consider 3 ranges of investors

1.  Small
2.   Medium
3.   Large

and cross reference them

1. Not re investing
2. Might buy one or two
3. Will continue 10 at a time every few months


and as every business man knows , you are probably going to take notice of your major buyers intent the most  .......The more aggressive you are early in this game , the profitable you should be .

Thats if you believe that btc is going to continue to rise and that mining equipment are going to get larger and larger Hashing power . Since 95% business models were capitalism is concerned , is that most simple systems usually (eventually) get  bigger and bigger . Thats only based on the thought that btc stays over $500 in value and probably will continue to climb as more and more people use btc . As more and more people are using or holding btc , they will become rarer and therefor continue o rise in value ..........causing more people to want to buy miners ..........vicious circle hopefully leading to $

Only my opinion   { and Ive been wrong before  : )   }

Pete

I agree with that and as KNC I would go after #'s 2 & 3 it makes complete sense.

I am in the minority of the market as a #1 Small Investor who wanted to re-invest, but unfortunately does not have the ability to host the latest KNC miners without moving or finding an outside hosting solution which stinks because KNC actually did deliver and really the rest of the mining companies are very risky compared to KNC miner in my opinion.

I really hope they release the Jupiters but I can also see them just focusing on the Neptune and attempting to release it earlier than expected, that would really keep groups #'s 2 & 3 as long term buyers.

[faetos]

Is the refund policy on Neptune the same as it was for the Jupiter series?

It should be. Some ppl in this forum have already gotten refunds processed for their neptune orders.

[Phoenix1969]

Is the refund policy on Neptune the same as it was for the Jupiter series?

It should be. Some ppl in this forum have already gotten refunds processed for their neptune orders.

Someone has other than "Full Refund Pending "?
If not... hopefully they start with processing them soon.

[el_rlee]

Is there a real reason for wanting a refund now? Specs are not even released...

[Biffa]

Is there a real reason for wanting a refund now? Specs are not even released...

The main reason, to mine bitcoins right now? Some people sold all their Jupiters to buy Neptunes and may be getting the itch to mine again.

[noodle73]

I am in the minority of the market as a #1 Small Investor who wanted to re-invest, but unfortunately does not have the ability to host the latest KNC miners without moving or finding an outside hosting solution which stinks because KNC actually did deliver and really the rest of the mining companies are very risky compared to KNC miner in my opinion.

I really hope they release the Jupiters but I can also see them just focusing on the Neptune and attempting to release it earlier than expected, that would really keep groups #'s 2 & 3 as long term buyers.

A hosted solution is going to be pretty much inevitable within six months I reckon because either you'll want a second machine to keep up the earnings, or the next development increment will simply melt a residential property power circuit, so I figured I may as well bite the bullet and start looking around for hosting now. If we're sensible and community minded, people will band together and group buy a data centre and host themselves at cost. But because we're all solitary and selfish we won't, but hey - it'll just be part of the cost of doing Bitcoin business.

[mmitech]

this is not safe....

[noodle73]

Speaking of commercial breaks, anyone catch Cointerra's latest announcement lastnight?

http://cointerra.com/engineering-update-asic-bringup-diagnostic-testing/

They met their minimum target goal of 132GH for 1 die. 4 dies per chip = 528GH. Wonder if they'll be able to get more out of it?

I'm no expert but to me that's a good looking piece of engineering. Oh well, maybe when they drop their prices... again.

[noodle73]

this is not safe....

They must be pushing 50%. The earnings are seductively regular though...

[matthewh3]

I am in the minority of the market as a #1 Small Investor who wanted to re-invest, but unfortunately does not have the ability to host the latest KNC miners without moving or finding an outside hosting solution which stinks because KNC actually did deliver and really the rest of the mining companies are very risky compared to KNC miner in my opinion.

I really hope they release the Jupiters but I can also see them just focusing on the Neptune and attempting to release it earlier than expected, that would really keep groups #'s 2 & 3 as long term buyers.

A hosted solution is going to be pretty much inevitable within six months I reckon because either you'll want a second machine to keep up the earnings, or the next development increment will simply melt a residential property power circuit, so I figured I may as well bite the bullet and start looking around for hosting now. If we're sensible and community minded, people will band together and group buy a data centre and host themselves at cost. But because we're all solitary and selfish we won't, but hey - it'll just be part of the cost of doing Bitcoin business.

The team at - www.redstarmining.com - are looking into starting a data centre to host Neptunes in the Mid West United States.  Due to cheap electricity and no import VAT at 20% like all EU miners currently have to pay.  We've started this thread to see what kind of interest there is - https://bitcointalk.org/index.php?topic=383544.msg4125801#msg4125801

[AussieHash]

Sorry to spam the thread but reddit has not turned the tide
https://bitcointalk.org/index.php?topic=327767.msg4403941#msg4403941

Still growing, pool speed up from 4.16PH to 4.61PH over last 2 work shifts (8 mins each).  Perhaps they'll reach 51% by the weekend ?

Edit : now up to 4.7PH

[Searing]

Sorry to spam the thread but reddit has not turned the tide
https://bitcointalk.org/index.php?topic=327767.msg4403941#msg4403941

Still growing, pool speed up from 4.16PH to 4.61PH over last 2 work shifts (8 mins each).  Perhaps they'll reach 51% by the weekend ?

never asked but if they hit 51% does that automatically screw the pooch or do they have to actively use that clout to attack the network (ie actually do something)

unclear never really looked into it

Searing

[AussieHash]

Sorry to spam the thread but reddit has not turned the tide
https://bitcointalk.org/index.php?topic=327767.msg4403941#msg4403941

Still growing, pool speed up from 4.16PH to 4.61PH over last 2 work shifts (8 mins each).  Perhaps they'll reach 51% by the weekend ?

never asked but if they hit 51% does that automatically screw the pooch or do they have to actively use that clout to attack the network (ie actually do something)

unclear never really looked into it

Searing

They don't automatically screw the pooch, but they control the entire network.  Bitcoin is a "trustless" consensus ledger and solution to the Byzantine Generals Problem.  Whoever has the longest end of the chain controls the blockchain.

No single entity should have that power, and the next question who are "they" ?

Anonymous russian dudes is about all we know.

[mtbitcoin]

Sorry to spam the thread but reddit has not turned the tide
https://bitcointalk.org/index.php?topic=327767.msg4403941#msg4403941

Still growing, pool speed up from 4.16PH to 4.61PH over last 2 work shifts (8 mins each).  Perhaps they'll reach 51% by the weekend ?

Where is that "Network protection scheme" when you actually need one 

[elasticband]

just had success reviving my dead die. currently receiving 50w power.


Lowering it back down to around 30-40w now and it's still running.

If anyboady would like me to have a play with thiers i can help via teamviewer

[merv77]

Sorry to spam the thread but reddit has not turned the tide
https://bitcointalk.org/index.php?topic=327767.msg4403941#msg4403941

Still growing, pool speed up from 4.16PH to 4.61PH over last 2 work shifts (8 mins each).  Perhaps they'll reach 51% by the weekend ?

doesn't the bitcoin foundation stop any pool from hitting 51%?

I'm not sure but didn't BTC Guild or 50BTC stop new registrations a few months back when they nearly reached 51%?  

or wouldn't GHash.io stop themselves as 51% could potentially destroy bitcoin and/or devalue bitcoin?