Swedish ASIC miner company kncminer.com

[ImI]

Question: Has anyone requested a refund and got this refund in BITCOINS??

[Biffa]

http://eligius.st/~wizkid057/newstats/userstats.php/1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X

Is this KNC?  Ugh.

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.

Thats BITMAIN

Top, bottom or both are bitmain? Someone had posted that top is KnC.

The one ending in SeX is Bitmain

[bkminer]

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

Where are you getting the 1,015 number I can't find any info on the page about how many are left...

Thanks...

[dropt]

Monarch isn't late, original ship timeframe was March-April. Where do you get any of your information?

Oh, the Monarch is most definitely months late.

[bizzyb]

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

Where are you getting the 1,015 number I can't find any info on the page about how many are left...

Thanks...

add 1020 units to your cart and see...

[Biodom]

I think most here find it strange that KnC is incredibly vague about everything. Their answer is basically-trust us.
It is OK, but only to a point and it's getting a bit long in the tooth.

[bkminer]

add 1020 units to your cart and see...

thanks! I missed that one...

[newguy05]

Hi folks, time for another reality check using very conservative numbers:

Assumptions & Numbers:
1) Delivery date:  05/31/2014
2) Hash: 3 TH
4) Power: 1500  @0.15 rate
5) Start difficulty(assuming +20% per):  3,129,573,175 * 1.2^7 = 11213826512
6) Difficulty increase thereafter: 10% (0.06 profitability decline factor)
7) BTC/USD: $620
8 ) Neptune cost: $10000

Profitability after 12 month: -1792.58 USD (LOSS)

---------------
Pro:  
1) Delivered hashrate may be higher than the stated 3 TH

Con(risk):
1) End of may delivery
2) Difficulty increase may be >10% thereafter (given the massive TH boxes coming online)
3) Time resource to setup/maintain hardware
4) Power consumption may be 1500W

Conclusion:
1) You must be batsh** crazy to preorder this hardware.

[Syke]

Monarch isn't late, original ship timeframe was March-April. Where do you get any of your information?

ROFLMAO. What have you been smoking?

http://www.prweb.com/releases/2013/8/prweb11035951.htm

Initial deliveries of the Monarch are slated to begin in December 2013.

[dropt]

Monarch isn't late, original ship timeframe was March-April. Where do you get any of your information?

ROFLMAO. What have you been smoking?

http://www.prweb.com/releases/2013/8/prweb11035951.htm

Initial deliveries of the Monarch are slated to begin in December 2013.

And in reality they were slated for initial delivery of Late October/Early Nov, but we can't verify that since archive.org did not take as creen capture in August when that BS date was announced.

[raskul]

Monarch isn't late, original ship timeframe was March-April. Where do you get any of your information?

ROFLMAO. What have you been smoking?

http://www.prweb.com/releases/2013/8/prweb11035951.htm

Initial deliveries of the Monarch are slated to begin in December 2013.

ahem, let me amend that;

Initial deliveries of the Monarch are slated to begin in December 2015.

[Biodom]

Hi folks, time for another reality check using very conservative numbers:

Conclusion:
1) You must be batsh** crazy to preorder this hardware.

That's why almost nobody is preordering it now with BTC at $620. It was another story with BTC at 1200 in Nov-Dec when everyone expected it to be 2K in four months.

[lemonte]

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

Where are you getting the 1,015 number I can't find any info on the page about how many are left...

Thanks...

add 1020 units to your cart and see...

The sales will pick up once the market does, no one is buying hardware this week with all the doom and gloom!

[kendog77]

Question: Has anyone requested a refund and got this refund in BITCOINS??

I'm still waiting for a refund in Bitcoin.

Here is the refund timeline thus far:

Feb 8th   : I requested a refund and provided bank transfer details.
Feb 13th : I sent a follow up message saying that I haven't received a response.
Feb 14th : Knc responded that they will need to provide the refund in BTC and asked for my BTC address. They said they will use the Bitstamp exchange rate at the time of refund.
Feb 14th : I responded with my refund BTC address.
Feb 17th : Knc responded that the refund would be processed shortly. The status of my orders changed to "Refund ready for process".

I will post an update when I actually receive the refund in BTC.

[bizzyb]

Question: Has anyone requested a refund and got this refund in BITCOINS??

I'm still waiting for a refund in Bitcoin.

Here is the refund timeline thus far:

Feb 8th   : I requested a refund and provided bank transfer details.
Feb 13th : I sent a follow up message saying that I haven't received a response.
Feb 14th : Knc responded that they will need to provide the refund in BTC and asked for my BTC address. They said they will use the Bitstamp exchange rate at the time of refund.
Feb 14th : I responded with my refund BTC address.
Feb 17th : Knc responded that the refund would be processed shortly. The status of my orders changed to "Refund ready for process".

I will post an update when I actually receive the refund.

in BTC???

[dropt]

Question: Has anyone requested a refund and got this refund in BITCOINS??

I'm still waiting for a refund in Bitcoin.

Here is the refund timeline thus far:

Feb 8th   : I requested a refund and provided bank transfer details.
Feb 13th : I sent a follow up message saying that I haven't received a response.
Feb 14th : Knc responded that they will need to provide the refund in BTC and asked for my BTC address. They said they will use the Bitstamp exchange rate at the time of refund.
Feb 14th : I responded with my refund BTC address.
Feb 17th : Knc responded that the refund would be processed shortly. The status of my orders changed to "Refund ready for process".

I will post an update when I actually receive the refund.

in BTC???

Take a deep breath.  Now, re-read the post you quoted making sure to pay attention to each and every word.

[arlekyn13]

Question: Has anyone requested a refund and got this refund in BITCOINS??

Yes. Refund requested last Wednesday, BTC received today @$630 rate (most likely the exact Bitstamp exchange rate at the time the transfer took place)

[bizzyb]

Question: Has anyone requested a refund and got this refund in BITCOINS??

Yes. Refund requested last Wednesday, BTC received today @$630 rate (most likely the exact Bitstamp exchange rate at the time the transfer took place)

Ah, good to know.

[Biodom]

I'm still waiting for a refund in Bitcoin.

Here is the refund timeline thus far:

Feb 8th   : I requested a refund and provided bank transfer details.
Feb 13th : I sent a follow up message saying that I haven't received a response.
Feb 14th : Knc responded that they will need to provide the refund in BTC and asked for my BTC address. They said they will use the Bitstamp exchange rate at the time of refund.
Feb 14th : I responded with my refund BTC address.
Feb 17th : Knc responded that the refund would be processed shortly. The status of my orders changed to "Refund ready for process".

I will post an update when I actually receive the refund in BTC.

Interesting-did you pay in fiat initially? How many units?
Does this mean that refund in BTC is a default option now? I would actually welcome refund in BTC if I ever request it.

[bizzyb]

I'm still waiting for a refund in Bitcoin.

Here is the refund timeline thus far:

Feb 8th   : I requested a refund and provided bank transfer details.
Feb 13th : I sent a follow up message saying that I haven't received a response.
Feb 14th : Knc responded that they will need to provide the refund in BTC and asked for my BTC address. They said they will use the Bitstamp exchange rate at the time of refund.
Feb 14th : I responded with my refund BTC address.
Feb 17th : Knc responded that the refund would be processed shortly. The status of my orders changed to "Refund ready for process".

I will post an update when I actually receive the refund in BTC.

Interesting-did you pay in fiat initially? How many units?
Does this mean that refund in BTC is a default option now? I would actually welcome refund in BTC if I ever request it.

It's not default, I have had several refunded in USD, though paid for in BTC.
Good to know this is also an option though (shame it's not gox price)