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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3049439 times)
elasticband
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February 16, 2014, 10:06:40 PM
 #30021

Ok I am auctioning off my KNC controller board.  Link is here:


https://bitcointalk.org/index.php?topic=467568


I'll post this message one more time tomorrow in case this message gets buried.


Have a great weekend all!

Amazing how interest went to ZERO

LOL

I'd say the starting price is too high, i'd give you 0.5BTC for it shipped to NL
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February 17, 2014, 03:39:35 PM
Last edit: February 17, 2014, 04:10:56 PM by Biodom
 #30022

Did everyone sold out their last bitcoin on MtGox for $220 yesterday and now pulling out their last hair?
The last two weeks had shown that bitcoin is characterized by the following:
1. it is a beta level technology (at the most) despite 5 year testing phase and assurances from core developers
2. bad actors are in play (MtGox management)
3. there are no decent parties involved, including manufacturers, exchanges, large players (someone had shorted a lot)
or all of the above-this is the winner!

As such, what makes bitcoin better than the rest of the financial system?
I know the theoretical answer, but...

Still waiting on a word from KnC.
Interestingly, they did not post the video of their datacenter and local.se writeup with pictures on their twitter account, pretending that the datacenter does not exist.
Selective informational flow?
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February 17, 2014, 04:20:54 PM
 #30023

They've turned into scumbags.
soy
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February 17, 2014, 05:03:34 PM
 #30024

What's happened to the network hashrate?

It looks like blockchain.info says the hashrate is 912175GHS while Slush has a hashrate of 749586GHs!?
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February 17, 2014, 05:17:17 PM
Last edit: February 17, 2014, 05:49:46 PM by Biodom
 #30025

What's happened to the network hashrate?

It looks like blockchain.info says the hashrate is 912175GHS while Slush has a hashrate of 749586GHs!?

Ha, this is probably zeroblock app glitch. My phone shows:
Blocktime:205.71min
Hash rate: 912,175
Next difficulty:296 days.

I think that we probably should just ignore it since bitcoinwisdom shows OK numbers
However, this is bizarre:
https://blockchain.info/charts/hash-rate

Edit: stats back to normal at 12:45pm eastern
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February 17, 2014, 05:24:44 PM
 #30026

and so... Neptune refund or not ... ? what do you think ? Smiley
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February 17, 2014, 05:26:41 PM
 #30027

and so... Neptune refund or not ... ? what do you think ? Smiley

Not with next difficulty in 296 days, LOL Wink
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February 17, 2014, 05:29:17 PM
Last edit: February 17, 2014, 05:50:42 PM by soy
 #30028

The malibility fix implemented.  It was P2P mining that used the changed address but with that drop in hashrate I suspect most aren't registering.  So, tho Slush shows typical hashing speed for its pool, whether the blocks are counting is a question.  MtGox said it was rebuilding its blockchain.  If blockchain.info is rebuilding its blockchain then maybe they have diverted processing power to that rather than registering hashrate?

Bitcoin-QT is still syncing.

Okay, blockchain.info is back to normal.
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February 17, 2014, 07:17:04 PM
 #30029

They've turned into scumbags.

It's funny I just found this quote from June 27, 2013:

“The standard thing in your house should be a microwave, a fridge, and a bitcoin generator.”
          --Sam Cole

http://www.coindesk.com/a-look-inside-kncminer/

I wonder how the Boten facility fits into that statement.....

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February 17, 2014, 07:19:57 PM
 #30030

They've turned into scumbags.

It's funny I just found this quote from June 27, 2013:

“The standard thing in your house should be a microwave, a fridge, and a bitcoin generator.”
          --Sam Cole

http://www.coindesk.com/a-look-inside-kncminer/

I wonder how the Boten facility fits into that statement.....



i don't have a microwave. i want my money back.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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February 17, 2014, 08:38:29 PM
 #30031


Whoever this is, they increased hashing rate ~10% in the last 4 days. Now up to ~1ph or 20% of eligius pool (4% of the whole network).
The other account (http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX) is dropping a little bit.
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February 17, 2014, 08:58:51 PM
 #30032

i cant run my microwave anymore...

day 16 after requesting a refund for batch 2...

kurt says 3-10 more business days as the funds 'left their account' on friday the 14th





A post earlier in the thread showed dates and emails regarding a refund.  The salient points were they do refunds on Thursdays and it arrives in the bank account on Tuesdays.  That's after they have all the needed information.
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February 17, 2014, 09:29:23 PM
 #30033

i cant run my microwave anymore...

day 16 after requesting a refund for batch 2...

kurt says 3-10 more business days as the funds 'left their account' on friday the 14th


A post earlier in the thread showed dates and emails regarding a refund.  The salient points were they do refunds on Thursdays and it arrives in the bank account on Tuesdays.  That's after they have all the needed information.

This applies to those that paid by bank wire transfer.

A question for those that have asked for and received their refunds: Did KnC deduct from your expected refund (which would be the purchase price and shipping charges you paid at time of purchase) any other charges such as their bank transfer fees?

Once you've received your refund, basically you're out the cost of the initial bank transfer fees your bank charged plus the fees your bank charged to receive the incoming wire transfer?
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February 17, 2014, 10:03:26 PM
 #30034

1.000 to sell (according to the latest news) and only 1.015 left..
wasn't aware that one can order negative amounts

If this refund orgies continues a former Batch #2 order will become a Batch #0 delivery.
Pure speculation, but at least it looks like a former Batch#2 order (in case you have not ordered one of the last 185) is already a Batch#1 delivery. And many Batch#1 may get a Batch#0 delivery.

Based on the assumption that one moves up in the queue for each canceled order.
Can remember that there was a statement that they ship in the order of payment date and if there are at max only 3 Batches each 1.200 units then my assumption can't be that wrong, but still curious what they will do.

Either way there will be unhappy customers, because
1) the last ones (have not moved up one Batch) of Batch#1 paid 13k and will get their miner delivered in the same time span where people who paid 10k will get theirs too. And so some Batch#2 10k are waiting one month longer than others who paid 10k.
-or-
2) they do not move any orders up the queue and Batch#2 will contain >1.200 which would mean all customers of Batch#2 would have been betrayed with the claim "1.200 units". Might have even legal impact ?

..err....wait..what's this Huh 1.000 + 1.000 = 1.200
So today there are now 1000 more products in the shop. This is the second half batch two and will ship alongside the first half.
Limited batch of 1200 units,

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February 17, 2014, 10:12:19 PM
 #30035

1.000 to sell (according to the latest news) and only 1.015 left..
wasn't aware that one can order negative amounts

If this refund orgies continues a former Batch #2 order will become a Batch #0 delivery.
Pure speculation, but at least it looks like a former Batch#2 order (in case you have not ordered one of the last 185) is already a Batch#1 delivery. And many Batch#1 may get a Batch#0 delivery.

Based on the assumption that one moves up in the queue for each canceled order.
Can remember that there was a statement that they ship in the order of payment date and if there are at max only 3 Batches each 1.200 units then my assumption can't be that wrong, but still curious what they will do.

Either way there will be unhappy customers, because
1) the last ones (have not moved up one Batch) of Batch#1 paid 13k and will get their miner delivered in the same time span where people who paid 10k will get theirs too. And so some Batch#2 10k are waiting one month longer than others who paid 10k.
-or-
2) they do not move any orders up the queue and Batch#2 will contain >1.200 which would mean all customers of Batch#2 would have been betrayed with the claim "1.200 units". Might have even legal impact ?

..err....wait..what's this Huh 1.000 + 1.000 = 1.200
So today there are now 1000 more products in the shop. This is the second half batch two and will ship alongside the first half.
Limited batch of 1200 units,


No one will be shipped a Neptune... ever.  We won't be given any option other than 3THs hosted mining for a year (six months, maybe) in some massive aircraft hanger on the frozen tundra.  Mark my words.
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February 17, 2014, 10:16:49 PM
 #30036

Ok then replace delivery with cloud hashing offer.
Interesting part remains.

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February 17, 2014, 10:19:33 PM
 #30037

1.000 to sell (according to the latest news) and only 1.015 left..
wasn't aware that one can order negative amounts

If this refund orgies continues a former Batch #2 order will become a Batch #0 delivery.
Pure speculation, but at least it looks like a former Batch#2 order (in case you have not ordered one of the last 185) is already a Batch#1 delivery. And many Batch#1 may get a Batch#0 delivery.

Based on the assumption that one moves up in the queue for each canceled order.
Can remember that there was a statement that they ship in the order of payment date and if there are at max only 3 Batches each 1.200 units then my assumption can't be that wrong, but still curious what they will do.

Either way there will be unhappy customers, because
1) the last ones (have not moved up one Batch) of Batch#1 paid 13k and will get their miner delivered in the same time span where people who paid 10k will get theirs too. And so some Batch#2 10k are waiting one month longer than others who paid 10k.
-or-
2) they do not move any orders up the queue and Batch#2 will contain >1.200 which would mean all customers of Batch#2 would have been betrayed with the claim "1.200 units". Might have even legal impact ?

..err....wait..what's this Huh 1.000 + 1.000 = 1.200
So today there are now 1000 more products in the shop. This is the second half batch two and will ship alongside the first half.
Limited batch of 1200 units,


No one will be shipped a Neptune... ever.  We won't be given any option other than 3THs hosted mining for a year (six months, maybe) in some massive aircraft hanger on the frozen tundra.  Mark my words.

0.1 BTC bet on that?

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February 17, 2014, 10:31:56 PM
 #30038

No one will be shipped a Neptune... ever.  We won't be given any option other than 3THs hosted mining for a year (six months, maybe) in some massive aircraft hanger on the frozen tundra.  Mark my words.

Of course not, or at least not in the beginning. They already outlined plan B-6mo of hosting IF LATE (whatever this means) and then a choice between continued hosting OR shipment of physical Neptune (which by that time will probably produce fractions of BTC/mo).

However with second half of batch 2 that has crooked math, I don't really know...I don't want to make accusations, but it does not feel good.

In my opinion, nobody should order ANYTHING from any manufacturer, unless delivery is in 7-10 days or instantaneous (cloud). Lesson learned.
In addition-it looks like major companies are trying to maintain $3000/th price (KnC, cointerra, BFL, blackarrow, etc). It won't work at these BTC prices. Somebody will split first (chinese?).
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February 17, 2014, 10:40:14 PM
 #30039

No one will be shipped a Neptune... ever.  We won't be given any option other than 3THs hosted mining for a year (six months, maybe) in some massive aircraft hanger on the frozen tundra.  Mark my words.

Of course not, or at least not in the beginning. They already outlined plan B-6mo of hosting IF LATE (whatever this means) and then a choice between continued hosting OR shipment of physical Neptune (which by that time will probably produce fractions of BTC/mo).

However with second half of batch 2 with crooked math, I don't really know...

In my opinion, nobody should order ANYTHING from any manufacturer, unless delivery is in 7-10 days or instantaneous (cloud). Lesson learned.

Agreed. The time for pre-order equipment has passed. The difficulty increases and time to market have made this a non-viable means of designing, producing and shipping mining equipment.

The question that remains is to refund Neptune purchases or convert to a cloud hosted contract. I'd be in favor of a cloud contract IF the contract called for an increase in the TH/s rate that would match a physical miner being delivered to the purchaser. If KnC has seen an 11% decrease in power usage, allowing them to pack in more cores and increase the TH/s rate, then that increase should be reflected in the TH/s rate obtainable in a cloud hashing contract. If it isn't, then buyer should be compensated for the lost gain by a refund based on the percentage lost by going with a cloud hosting contract vs. physical possession of the miner purchased, or as an alternative, cloud hashing provided while the customer waits for physical delivery. In that case, once delivery is accomplished and the miner has been set up and is producing, the cloud contract would be cancelled.
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February 17, 2014, 10:46:46 PM
 #30040

a customer will never make money with cloud hashing..  it is in the same category as payday loans..  for people that have reasons not to be with banks, etc, so they don't mind paying a premium to get bitcoins




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