Swedish ASIC miner company kncminer.com

[DPoS]

hope you sold some BTC KNC or perhaps you are now and killing the price!!!

[joeventura]

Further, you start to pull some massive breakdown of some timeline you dreamed up as if up have some crystal ball looking into everyone else's reality.  Anyone who watches a 10 minute youtube video on soldering could solder an IDC header onto a PCB in 5 minutes.

You've hardly done anything that could be construed as constructive since you joined, what, yesterday?  What account did you drive into the ground and abandon before you made this one?

+10000

[DPoS]

someone send KNC a few of these shirts

Time for Plan B

[bkminer]

The Fun of Mining

I got into Bitcoin mining because it was fun, still almost is.  I missed out on getting a November Jupiter, 1 day too late so I bought different Mercury’s and Saturn’s used and started putting them together into Jupiter’s. I find it a lot of fun.  I even went as far as putting up my own P2Poll node on a cloud service and turning it, etc.  I’m fascinated by the whole process. (I’m a developer and an Infrastructure Architect by trade.)  But this whole cloud mining thing is ridiculous.  It only benefits the owners of the equipment, the buyers are always screwed (though the seldom realize it). Even this Neptune protection plan (what about the Jupiter, Saturn, and Mercury customers? F-Off eh?) isn’t really going to protect the Neptune buyers because that datacenter is going to send the difficulty so high it won’t be worth it.

I actually like buying used equipment because I’m not shooting myself in the foot by adding hashing power to the network, for me that’s the best deal if you can get decent prices.  Now that this cloud hashing craze has set in, even the good old guys at KnC got bit by the bug, mining isn’t going to be fun anymore.  What’s the point?  The only mining that will be doing anything are the huge PetaHash/Sec datacenters, kind of like Bank of Americas of Bitcoin. This destroys the whole peer-to-peer power to the people aspect of Bitcoin that makes it so attractive.  Now only people will millions and millions of dollars will run the network and when they decide to take advantage, oops.

Just my 2-cents…*gets off soapbox*

[MrPresident]

care to give reasons why?
that's just a smart-ass remark ... with no substance.

which part doesn't jive?
You are saying you would recommend to the owner of a 4 port Jupiter, who has no experience soldering, to attach 2 more ports?
Or that upgrade cards weren't meant for Saturn or Mercury owners?
or that it's a snap to get a new controller board if you fuck-up?
please... empty remarks are useless other than to annoy people.
You could at least say why you feel that way.

Well for starters all you did was go off on some diatribe making a whole bunch of assumption about jelin1984.

How do you know he (or she) doesn't have any experience soldering?

\Who are you to deem what is meant for what.  If it was set in stone who the upgrade modules were for they wouldn't have been sold to anyone who came along.  Thus, KnC themselves made that a moot point.

How bad do you really think one can "fuck up" soldering on an idc header?  What, is he going use a blowtorch? It's not some piece of high density equipment with 0402 SMD parts.

Further, you start to pull some massive breakdown of some timeline you dreamed up as if you have some crystal ball looking into everyone else's reality.  Anyone who watches a 10 minute youtube video on soldering could solder an IDC header onto a PCB in 5 minutes.

You've hardly done anything that could be construed as constructive since you joined, what, yesterday?  What account did you drive into the ground and abandon before you made this one?

like I thought, you had no real answer.
Stockholm Syndrome.....

[krampus]

It's got to be the $44million in Neptune pre-order money.

Which would lead a person to believe:
1) They will have no money left after this, so Neptune will never be built. So 3600 neptune customers will become the first 3600 knc cloud hashing customers ("Sorry, neptune delays, have 3TH in our datacentre", which is basically what they said in the latest newsletter).

This.

It's a fairly safe bet at this point that the Neptune will never materialize.

I wonder if that was "Plan A" all along.

[RoadStress]

It's got to be the $44million in Neptune pre-order money.

Which would lead a person to believe:
1) They will have no money left after this, so Neptune will never be built. So 3600 neptune customers will become the first 3600 knc cloud hashing customers ("Sorry, neptune delays, have 3TH in our datacentre", which is basically what they said in the latest newsletter).

This.

It's a fairly safe bet at this point that the Neptune will never materialize.

I wonder if that was "Plan A" all along.

Oh how people like to speculate on things. It's not a safe bet and i will tell you why.First of all we paid for a 20nm product. If they deliver only cloud hashing then they are in big troubles. Second of all why would knc host for free and for life 3600 neptune customers? Because we haven't paid for 3TH for 1 year or 2 years or 5 years. We paid for a product that should run until we choose to turn it off. There is no logic in offering cloud hashing instead of products.

As for Avenger i have two questions. How much is a 20nm mask? If a Jupiter is ~1000$ to make then how much do you think a Neptune costs?

[elasticband]

Woke up to the bellow this morning, No idea as it was working well yesterday with bellow .9% HW

Will not revive today.... Not that it ever needed it yesterday

[railzand]

as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package

quoted from their announcement, emphasis mine.

[jelin1984]

how manual i can make the diff at worjker at 512?

[Micky25]

how manual i can make the diff at worjker at 512?

how i can do manual settings my diff at jupiter at 512?

This is done directly on the pool (on eliguis and bitminter you can).

[sickpig]

how manual i can make the diff at worjker at 512?

you can only do it if your pool let you

it's not something you set in cgminer/bfgminer.

If memory serves:

- slush:     you don't have a way to influence the diff settings, this pool use the vardiff algo.
- ghash:    you set the diff from your dashboard (worker section) on ghash site.
- btcguild: ditto.
- eligius:   I know for sure it use vardiff but I don't remember if you can set a minimum value.

 

[bizzyb]

You can set a manual diff for each worker on Multipool too...

[The Avenger]

someone send KNC a few of these shirts

Here's a t-shirt for Neptune customers:

FRONT: I gave KNC $13,000 for a Neptune

BACK: And all I got was this lousy 3TH cloud hashing contract

[Searing]

10 MW @ 1W/GH = 10Th? 100TH? Seems fine by me with 100TH.

Yeah. A nov jup is about 1.2kw, so that's only about 8000 Jupiters. Only, he said.

Quite a bit more than 5% I'd say.

But of course, it's only to give their neptune customers free hashing in case of delays. And then they are melting down all the old jupiters for scrap metal.

A nov jup is NOT 1.2kW. I remember i saw people drawing ~800-900W.

So 10MW=1000kW= ~8000 TH? Is this right?(that's about 1/3 of total hashrate) I'm bad at math.

close enough

10,000,000 watts / 750 watts for jupiter = 13,333 jupiters
13,333 * 650 = 8,450,000 GH/s
8,450TH/s

next possible news letter from KNC......
'better save some coins handy for KNC bitcoin mining farm.'  

if can beat them, join them

Now what if they will offer special prices for previous customers on their cloud mining?

er my guess is NO...they have figured out it is easier/more $$$ to sell virtual miners to us all......imho if they do so in a more 'reasonable manner" then some of the other farms out there..the will capture the market...just by being even half assed 'fair' ....whatever you think of KNC's move they do allow refunds up to shipping and they have said they will honor their shipping date with virtual hash....( I could be wrong but I take that as Q1 customer appreciation units around april 1st or so..) if it drags out much longer then that for the 'virtual hash" to kick in I think everyone will bail..but again..if they take the middle road and not try to screw everything down like BFL in their favor ..they may just clean up...again probably better to get BTC I'm just saying ...it they are the 'best' of virtual miner options in the future....ie not gouge the heck out of everyone like the others they will clean up..we will see

but imho.....no equip after the Neptune...it will all be the on the farm....(it is gonna really really have to make sense and be reasonable for me to jump to ' Star Trek:holi-deck mining" ...just saying...can't see it right now as being worth the extra money spent for infrastructure etc....if it is to that point already..then probably BTC purchase direct is the way to go...I mean it sure does not look like regular non-hosting mining units to mom and pop are gonna work under this New World Order of mining imho

but hey they are a business that is where the money is.........well small fry are toast

as usual the above follow the conclusions I really really have NO IDEA....still grappling with all this

Searing

[Searing]

as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package

quoted from their announcement, emphasis mine.

well the month to month would really really have to beat the .15KWH I pay in elec for me to consider this

sad part is they probably can beat my elec costs on 2 neptunes...the fiends ...which means I will have some hard head scratching to do

the real question will be for most of us ...PUNT or 'virtual mine" .....unless they are getting batch customer appreciation out before april 1st either in a miner or a virtual miner format for no cost till said physical miner shows up....

I see more punting Neptunes back for refunds then virtual mining

man I'm so over my head

Searing

[AFox]

Who actually thinks that KnCMiner will deliver 20nm ASIC device before July 1st ?
This bet is for you http://bitbet.us/bet/752/kncminer-will-deliver-20nm-asic-device-before-july/

[de_ixie]

Who actually thinks that KnCMiner will deliver 20nm ASIC device before July 1st ?
This bet is for you http://bitbet.us/bet/752/kncminer-will-deliver-20nm-asic-device-before-july/

Not this time!!! - lost 1 BC last October with Jups voting "Yes".... darn

[bkminer]

I see more punting Neptunes back for refunds then virtual mining

With the new hosting facility punting no longer hurts them...as far as mitigating refunds Plan B, for them, is Genius..

[vesperwillow]

as usual the above follow the conclusions I really really have NO IDEA....still grappling with all this

Searing

Something some folks may not be considering is the resale value of their system, or lack thereof. If KNC doesn't allow for a transfer of equipment, will they allow a transfer of mining contract? At least with the hardware, there's always someone out on ebay willing to buy it from you, likely above MSRP even if you can sell it soon after receiving.

You could still subcontract the miner out, but would you ever get $13k back from it? Doubtful.

If it were me, I would look at it like this: A lot of the folks who were KNC-crazy the past few months, who claim to have made huge profits on their first units, either didn't preorder the Neptune or refunded their Neptunes over the past month.

That's worth considering.