Swedish ASIC miner company kncminer.com

[JointDoctor]

We had intended to sell Jupiters at the end of our Network Protection Program.

Cole brothers is so full of shit.

[1714978973]

1714978973

[wasubii]

This all is a big smoke screen it seems. I'm trying to make sense out of it and am having av difficult time.

I have a batch 1 order. Wtf does this mean? I don't see how this info helps me make an intelligent decision... Do I hodl or bail and reinvest elsewhere?

I'll rewrite what I wrote earlier, to make it a little clearer.

KNC will already be hashing with all the machines they will need to give their 3600 neptune customers 3TH on 1st July. In fact, as I said earlier, it's probably a drop in the ocean in terms of what they plan to have at that time.

Come on! They aren't going to leave millions of dollars worth of machine powered off until 30th June 2014 and then turn them on at midnight!

Which means the customer appreciation batch will be just about as worthless as the batch 2(3), as all these machines will already be hashing, the bitcoin difficulty will have already adjusted/risen to account for these 3600 machines.

So instead of having a few weeks of mining and then seeing earnings decline (as with jupiter), you'll start out with the declined earnings and knc will have cleaned up any profits there was to be made beforehand!

Essentially, your neptunes are going to be pre-mined. You'll get it delivered at the highest difficulty ever seen. You won't be adding a 3TH machine to the global bitcoin hashrate, you'll just be re-attaching it when it's probably already been there for a couple of months.

In other words, knc will reap the benefits of your investment and all the bitcoins they can mine, then pass the leftovers at massive difficulty to people on 1st July. You are paying for that. The physical delivery of the product will just be to end any obligation to you and will most certainly be utterly useless hardware by the time it physically arrives. The cost to power it will probably be more than it can mine back.

You hit the nail on the head

EDIT: I'm glad i refunded my Neptunes and bought coins instead. I'm glad my cash isn't funding this endeavour.

EDIT2: I'm done with this thread and this company. And i still haven't had BTC ROI on my October Jupiter so yeah, thanks for that too. You win some, you lose some.

[dropt]

they have enough funds now to just push more lying marketing of cloud hashing to all those people who watch 3am get rich quick ads on TV... it will take 2 years for it to work itself out now

Well then I guess it's good that you and I were in this game before "Greed 2013 and beyond" happened.

[madsusies]

When BTC hits $2K, then $5K, then $50K due to the laws of supply and demand...I think we're all going to look back on this and wonder why we complained so much.

It's best to buy coins now.  They may fall a bit more to $600 as a new bottom...but coins are becoming more rare with each passing difficulty increase and a constant new influx of people and services wanting to use them.  The majority of the worlds big money investors still have yet to jump in.  People should be jumping in now before they do.

Can you please explain, who will pay for bitcoin 5k or 50k ?  What about bitcoin demand decrease ? Meanwhile the price always jump by the miner sale (Avalon, KNC), and by this prices and dates ................  

[Paladin69]

When BTC hits $2K, then $5K, then $50K due to the laws of supply and demand...I think we're all going to look back on this and wonder why we complained so much.

mining doesn't change BTC price..    BTC price changes mining

The relationship isn't 1:1 but they both affect each other psychologically.

[dropt]

Can you please explain, who will pay for bitcoin 5k or 50k ?  What about bitcoin demand decrease ? Meanwhile the price always jump by the miner sale (Avalon, KNC), and by this prices and dates ................  

Have you forgotten you don't need to buy a whole bitcoin?  

Can you please explain, who will pay for a single Berkshire Hathaway Inc. share $165,138?

http://ca.finance.yahoo.com/q?s=brk%2da

[DPoS]

they have enough funds now to just push more lying marketing of cloud hashing to all those people who watch 3am get rich quick ads on TV... it will take 2 years for it to work itself out now

Well then I guess it's good that you and I were in this game before "Greed 2013 and beyond" happened.

we got lucky to pick the new kids that saw this as a science fair until they won and the rest told them...'yo knc dudes, nice effort but we all could of beat you but then we beat ourselves..'

[joeventura]

So who wants to buy a KNC controller card for a mercury/neptune/saturn?

Don't think I will have a use for it now.

how much?

Send me a PM I will tell you where the bidding is so far

[Paladin69]

When BTC hits $2K, then $5K, then $50K due to the laws of supply and demand...I think we're all going to look back on this and wonder why we complained so much.

It's best to buy coins now.  They may fall a bit more to $600 as a new bottom...but coins are becoming more rare with each passing difficulty increase and a constant new influx of people and services wanting to use them.  The majority of the worlds big money investors still have yet to jump in.  People should be jumping in now before they do.

How is that becoming "rare" if 3600 BTC are being supplied every day?

Because that 3600 is spreading across fewer hands every day.  The demand is there.  But most people are stupidly putting it into mining equipment rather than buying coins direct.

[jelin1984]

we wait and will see
but i think that knc news
is bad for us

[DPoS]

The relationship isn't 1:1 but they both affect each other psychologically.

the point is, if everyone goes out and pays $90,000 for 1Gh it ain't pushing the price of BTC up..  but if BTC price goes up, then the amount of money that will go into the miners goes up

[madsusies]

We had intended to sell Jupiters at the end of our Network Protection Program.

I thing they didn't stop with Jupiter, they do Jupiters for them self as part of Plan B (and Plan $$$$), where else they will have enough has protection power

[2tights]

This all is a big smoke screen it seems. I'm trying to make sense out of it and am having av difficult time.

I have a batch 1 order. Wtf does this mean? I don't see how this info helps me make an intelligent decision... Do I hodl or bail and reinvest elsewhere?

what is your expectation of profit?  If you can make more profit doing anything else with your capital then of course, move it

Well, not sure I cloaked my question well or what, but obviously what I'm saying is that I am not sure how this new information shapes the landscape. I am hoping that you all keep chatting it up so I can make more sense of it.

I want my Neptune, I don't want it hosted because I'm a god damn geek and I want to geek out with my hardware. I can't very well do that if they host it. However, if it means the difference between recovering part or all of my investment... then I would let them host it for a bit. Like 2short says, "you should be gett'n while the get'n is good." Finance trumps satisfying my inner geek, but I dont understand if they'll ship it to me when I want it? I've paid for shipping which isn't cheap and moving forward, I may be mining on altcoins if that seems advantageous....Thoughts? What does it all MEEEAAANN?

[joeventura]

Whats really annoying is they did not say whether they would sell upgrades and I have asked on their forum right in the middle of an active discussion and KNC stopped responding.

Also replied to the Newsletter, to sales and to Orama.

<crickets>

[Paladin69]

Whats really annoying is they did not say whether they would sell upgrades and I have asked on their forum right in the middle of an active discussion and KNC stopped responding.

Also replied to the Newsletter, to sales and to Orama.

<crickets>

The upgrade modules are probably going to Sam Cole's brother who they only made the controller boards for.

[DPoS]

Whats really annoying is they did not say whether they would sell upgrades and I have asked on their forum right in the middle of an active discussion and KNC stopped responding.

Also replied to the Newsletter, to sales and to Orama.

<crickets>

The upgrade modules are probably going to Sam Cole's brother who they only made the controller boards for.

they probably made new hosting controller boards that run 20 modules each

[xyzzy099]

Whats really annoying is they did not say whether they would sell upgrades and I have asked on their forum right in the middle of an active discussion and KNC stopped responding.

Also replied to the Newsletter, to sales and to Orama.

<crickets>

In the "Plan B" announcement they said:

We are able to do this by using our 28nm chips which is why all products that we have coming out of our factory in the next few months will go into building and supplying the Plan B facility.

Clearly, they have said that that will be using any and all 28nm chips they have or can produce for "Plan B" - thus, no new Jupiters, and no upgrade modules either.

[augustocroppo]

When BTC hits $2K, then $5K, then $50K due to the laws of supply and demand...I think we're all going to look back on this and wonder why we complained so much.

It's best to buy coins now.  They may fall a bit more to $600 as a new bottom...but coins are becoming more rare with each passing difficulty increase and a constant new influx of people and services wanting to use them.  The majority of the worlds big money investors still have yet to jump in.  People should be jumping in now before they do.

How is that becoming "rare" if 3600 BTC are being supplied every day?

Because that 3600 is spreading across fewer hands every day.  The demand is there.  But most people are stupidly putting it into mining equipment rather than buying coins direct.

Yeah, but at the moment demand is not overcoming supply. Your projections is a bit far fetched. Even if the price come to rise above 1000 USD, the big winners are going to be the "mining" farms and not the average "miner".

[augustocroppo]

Divide 21m (or 12m current supply) by your holdings.  Whatever the resulting number is, you can say you own one piece of that number in the global emerging BTC industry.  I personally think it sounds pretty cool. 

Bitcoin is just a software. There is no such thing as "emerging BTC industry".

Industry ≠ speculative market

[wpgdeez]

It's pretty obvious they don't want your money for upgrade boards, just take your money and spend it elsewhere.