Swedish ASIC miner company kncminer.com

[The Avenger]

No other manufacturer even has a 3TH miner on the drawing board!

You do know Cointerra are *in production* with a 2TH device? These devices are going to be tested and certified, so most will be hashing at... 2TH.

If lots of people have 2TH hashing, it's not going to be long before they push what you can earn with 2TH down to nothing.

The very first Jupiters out of the gate were mining 1.5BTC a day. Three months later, that is down to 0.15BTC a day. And that was while none of the major manufacturers were shipping anything!

It's almost certain that knc will not ship neptune for at least 3 months [REDACTED/]if they don't tape out before chinese new year[/REDACTED] lol

Food for thought?

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[Syke]

What's everyones problem?

They did say Q1/Q2 2014 on the contract you purchased.

Q2 = end of June 2014!

They're not even in breach of contract yet?  

No other manufacturer even has a 3TH miner on the drawing board!

People are wising up, realizing that Q1 was never actually a possibility. It's a lot more clear now that a Q2 delivery is unprofitable. So please, don't request a refund. It's more coins for me.

[arousedrhino]

What's everyones problem?

They did say Q1/Q2 2014 on the contract you purchased.

Q2 = end of June 2014!

They're not even in breach of contract yet?  

No other manufacturer even has a 3TH miner on the drawing board!

I agree. This is crazy, the blind leading the blind. "Everyone jump ship!" someone said, "Everyone refund, now!."

Uhm... no. You refund, I'm fine.

Nothing significant has changed in the time between when we ordered and now. People really need to get a grip... All great battles are hard fought.  Right now, this is like being in the trenches. HODL and calm down.

5 Antminers would give you 1TH now, versus waiting for 1-4 months on the Neptune. Things have changed, KNC has actual competition now.

[dropt]

Prospero x3(2th/s)in march and april, cointerra, hashfast, megabigpower, bitforce, bitfury, blue-fury, BFL Monarch, Avalon, and xtreme. Not to mention the secretive ones, like x-crowd, and a dozen others.

Close your eyes and go back in time to late July/Early August of 2013.  Now remind yourself of all of the manufacturers that were just moments away from shipping.   Fast forward to today and reflect on the COMPLETE failure of almost all of those manufacturers to ship a damn thing.

[Phoenix1969]

Prospero x3(2th/s)in march and april, cointerra, hashfast, megabigpower, bitforce, bitfury, blue-fury, BFL Monarch, Avalon, and xtreme. Not to mention the secretive ones, like x-crowd, and a dozen others.

Close your eyes and go back in time to late July/Early August of 2013.  Now remind yourself of all of the manufacturers that were just moments away from shipping.   Fast forward to today and reflect on the COMPLETE failure of almost all of those manufacturers to ship a damn thing.

and how long do you think they will falter? forever? They will be delivering soon. KNC being the only ones to deliver "bliss" so far was the luckiest thing we could ever have happen. It won't last. Over the next 3 months, we will see 40-60% diffchanges. Anything else would be a MIRACLE!
Don't worry- you'll make it back in fiat... imho

[dropt]

Prospero x3(2th/s)in march and april, cointerra, hashfast, megabigpower, bitforce, bitfury, blue-fury, BFL Monarch, Avalon, and xtreme. Not to mention the secretive ones, like x-crowd, and a dozen others.

Close your eyes and go back in time to late July/Early August of 2013.  Now remind yourself of all of the manufacturers that were just moments away from shipping.   Fast forward to today and reflect on the COMPLETE failure of almost all of those manufacturers to ship a damn thing.

and how long do you think they will falter? forever?

If I asked you that exact question in July/August of 2013, what would you answer be?

[soy]

I'll never say a bad thing about the south again.  9:30PM my internet stopped.  On the phone with cable tech support multiple time but no good.  This morning after again getting no further than 192.168.100.1 status docsis 3.0 cable modem offline, I drove the 17 miles to the office and got another modem.  Asked if I had to activate and told no just plug in.  It got nothing as well.  More tech support, finally told oh, it had to be activated.  Now for some reason my miners aren't coming up.  I started first with my KnC, and got it working after 14½ hours down.  Then the internet got lost again when it came back up the Merc wouldn't connect.  Nor would my RPi's,

I've tried all sorts of approaches to get the Merc back up including removing the ribbon cables and booting to just the controller board and BBB but it doesn't show on nmap, and of course not showing up on nmap it won't answer an ssh or telnet.

I'll never say an unkind work about the south again, I promise.  must read all the missed posts or work on  the miner....

[soy]

I'll never say a bad thing about the south again.  9:30PM my internet stopped.  On the phone with cable tech support multiple time but no good.  This morning after again getting no further than 192.168.100.1 status docsis 3.0 cable modem offline, I drove the 17 miles to the office and got another modem.  Asked if I had to activate and told no just plug in.  It got nothing as well.  More tech support, finally told oh, it had to be activated.  Now for some reason my miners aren't coming up.  I started first with my KnC, and got it working after 14½ hours down.  Then the internet got lost again when it came back up the Merc wouldn't connect.  Nor would my RPi's,

I've tried all sorts of approaches to get the Merc back up including removing the ribbon cables and booting to just the controller board and BBB but it doesn't show on nmap, and of course not showing up on nmap it won't answer an ssh or telnet.

I'll never say an unkind work about the south again, I promise.  must read all the missed posts or work on  the miner....

Okay removed the ribbon cables, unplugged the bbb from the ctrl brd, restarted and it's awake, now to try with ribbons


----------------

It's up again and hashing.  My KnC is usually real dependable. 

[DPoS]

20 billion diff, here we come, 5k a BTC too.

that's the fallacy..  it just points to the dumb money (late to the party miners) and smart money (milk the miners' greedy dreams)

btc can stay $800 as long as the whale bots keep it there...  perhaps wall street gets greater fools to dump their IRAs into it to get to $5k



it does make a good opportunity to start a business where if you accept bitcoin you can get a leg up and gain exposure while the big gorillas sit and wait

[af_newbie]

All this talk about refunds...   why?   Giving up with mining, just leave the thread.    My 4 Neptunes....

I paid 12 BTC for my Neptune.  With refund I'll be getting about 16.

Unless you buy back today, you don't know what the price would be when you get the cash (in two-three weeks).

+ 1

Got 16.12 for my $13200.  Just waiting for the refund.

For the obvious reasons this strategy is valid only if price of bitcoin stays the same or goes up.
If tomorrow BTC is $500 you have no recourse, but to hold BTC or sell at a loss.

I already made 4 coins (well, after I actually get the wire from KNC) without even owning a Neptune.

Regardless of the bitcoin price to fiat, I have a 4 coins profit in this Neptune adventure.
I'm not sure people who receive Neptunes will be able to say the same.

[soy]

I'll never say a bad thing about the south again.  9:30PM my internet stopped.  On the phone with cable tech support multiple time but no good.  This morning after again getting no further than...

Up to here you has the beginning of a good novel. "192.168.100.1 status docsis 3.0 cable modem offline" kinda spoiled it for me  

Yes.  Makes me wonder if all they had to do was reactivate the modem.  It was a Motorola and the replacement is a Cisco.   Could have been the webcast I was listening to.  Very left leaning NYC radio station that gives time to AlJazerra. 

[soy]

I'll never say a bad thing about the south again.  9:30PM my internet stopped.  On the phone with cable tech support multiple time but no good.  This morning after again getting no further than...

Up to here you has the beginning of a good novel. "192.168.100.1 status docsis 3.0 cable modem offline" kinda spoiled it for me  

Yes.  Makes me wonder if all they had to do was reactivate the modem.  It was a Motorola and the replacement is a Cisco.   Could have been the webcast I was listening to.  Very left leaning NYC radio station that gives time to AlJazerra. 

While it was down I was concerned KnC would open a short window for upgrade modules or Jups.

[vesperwillow]

Hmm.. some responses have been deleted..

[Flashman]

If I asked you that exact question in July/August of 2013, what would you answer be?

Well in July and August I was telling people there would be at least 3 or 4 Petahash on the network by end of 2013, and was getting called a hyper-exaggerating panic monger.

Think we had around 10 Peta going into Jan.

So since my recent projections tend to agree with 20 billion diff around the time when you might expect Neptunes to hit your doorstep, and I was off by a factor of 2.5 before, lets say worst case 50 billion ...

[af_newbie]

If I asked you that exact question in July/August of 2013, what would you answer be?

Well in July and August I was telling people there would be at least 3 or 4 Petahash on the network by end of 2013, and was getting called a hyper-exaggerating panic monger.

Think we had around 10 Peta going into Jan.

So since my recent projections tend to agree with 20 billion diff around the time when you might expect Neptunes to hit your doorstep, and I was off by a factor of 2.5 before, lets say worst case 50 billion ...

It is hard to predict.  Today manufacturers might ship what was ordered but they can also produce more H/W to deploy it in their (3rd party) cloud hashing.  So the retail number of units is probably a fraction of what is actually being produced.  We have seen it with bitfury.  Now H/W companies sell cloud hashing contracts so we will never know how much hashing power they will be adding and how fast.

But just looking at the retail H/W orders, we're looking at least 5+ fold increase within the next 3-6 months.  Hashing power will be consolidated then destroyed by more efficient h/w, then the cycle will start again...

[Biodom]

What would happen if we have 20-50 bil difficulty and BTC still at $800? Mad scramble for cheap electricity? It would be the most important parameter.
I have allocated fiat to both miners and BTC, will re-evaluate in 2 weeks.
It seems that most backlash here is from the ambiguous timing.
Interestingly, KnC will have facility in Iceland at some point:
http://www.engadget.com/2014/01/10/KnCMiner-interview/?ncid=rss_truncated
at 11:30-11:45min ("[Iceland...]That's where eventually we'll go")

[dropt]

If I asked you that exact question in July/August of 2013, what would you answer be?

Well in July and August I was telling people there would be at least 3 or 4 Petahash on the network by end of 2013, and was getting called a hyper-exaggerating panic monger.

Think we had around 10 Peta going into Jan.

So since my recent projections tend to agree with 20 billion diff around the time when you might expect Neptunes to hit your doorstep, and I was off by a factor of 2.5 before, lets say worst case 50 billion ...

Going from 19MM to 1.7B is a lot easier than going from 1.7B to 20B.

[DPoS]

What would happen if we have 20-50 bil difficulty and BTC still at $800? Mad scramble for cheap electricity? It would be the most important parameter.

yes, since the high cost to mine only concerns the soon to be mined coins... many many coins out there already with tiny cost basis

[soy]

Interestingly, KnC will have facility in Iceland at some point:
http://www.engadget.com/2014/01/10/KnCMiner-interview/?ncid=rss_truncated
at 11:30-11:45min ("[Iceland...]That's where eventually we'll go")

Wait and see.  It won't be the young guys getting the promotions who see their relatives moving to Iceland, but the relatives on their wives' side.  The wives will adjust with their kids of course but the homesickness will have them describing their new lives very glowingly to their parents, the maternal grandparents of the kids that are moved.  and for the kids, the ideal is for kids to start in a good school and move on up thru grades with as many of the early schoolmates for as far up as is possible.  It makes a different social sense than is had by children who are relocated in grammar school.  Those who don't move are much more capable of finding a position in a social structure as an adult.  Moving in childhood raises the possibility of being a loner.  And the grandparents will find that aged memory doesn't build the same sense of home as somewhere they've lived when younger and having more vital lives and friends. 

[2tights]

Interestingly, KnC will have facility in Iceland at some point:
http://www.engadget.com/2014/01/10/KnCMiner-interview/?ncid=rss_truncated
at 11:30-11:45min ("[Iceland...]That's where eventually we'll go")

Wait and see.  It won't be the young guys getting the promotions who see their relatives moving to Iceland, but the relatives on their wives' side.  The wives will adjust with their kids of course but the homesickness will have them describing their new lives very glowingly to their parents, the maternal grandparents of the kids that are moved.  and for the kids, the ideal is for kids to start in a good school and move on up thru grades with as many of the early schoolmates for as far up as is possible.  It makes a different social sense than is had by children who are relocated in grammar school.  Those who don't move are much more capable of finding a position in a social structure as an adult.  Moving in childhood raises the possibility of being a loner.

wow, I didn't expect that angle. Kind of off topic but a good point.... but then again not sure how that relates to KNC and the Neptune.