Swedish ASIC miner company kncminer.com

[RenHoek]

Is there something wrong with the KNC Cloud?

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

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[mvalley]

I was watching lord of the rings yesterday and it reminded me of the situation with knc. I think they are basically good people over there and they helped me make some money with their saturns. But eventually greed took over their minds when they thought how they can mine all these coins and keep them for themselves. The thought of owning all they hashpower and the coins that come with it has consumed them. And the millions of $ they received from the neptunes was the turning point.

[Tehfiend]

but in spite of the silly speculative doom and gloom that has swept over this thread, there still might be reason for optimism among those with outstanding Neptune orders.

Silly speculative doom and gloom? I normally respect what you have to offer on these forums but I find this comment slightly insulting. The lack of information from KNC is the root cause of all the "silly speculation" and now that we're finally getting more information the doom and gloom is quite justified IMO.

Consider the November pre-order customer who gave KNC $10k with little information past a "Q1/Q2" ship date and 3TH/s hashrate. Were they silly to speculate that KNC was being honest and had already made decent progress and thus might actually ship in Q1? Should they not be disappointed to learn that KNC included "Q1" in the ship date as a marketing scam and that the 20nm chip just barely now taped out confirming no hope for positive BTC ROI? I was really curious to hear your take on recent KNC developments when you finally popped back up and am now quite disappointed...

I'm trying to understand why anybody would still be holding onto a Neptune pre-order instead of refunding to simply buy more BTC than their Neptune could ever hope to mine.

[The Avenger]

Everyone knew the date and deadline, you just pointed it out along with all your other conspiracies in attempt to spread FUD, you sir are a classic FUDster and that is a fact. A review of your last months post history shows that.

That doesn't even make sense. How is pointing out a deadline KNC *have* to meet somehow spreading uncertainty? It's more like spreading CERTAINTY - if they didn't tape out in March, then Q2 was never gonna happen.

N.B. The amount of people who have asked today how long it takes from tape out to unit production indicated that "very few" and not "everyone" know the dates and deadlines for these sorts of things.

edit, by the way i didn't even read ANY of the posts i quoted of yours...

I thought so, which is why I didn't go into detail.  Anyway, I hope you are glad to get some attention  

[kendog77]

A skeptic would say that Knc timed their tape-out announcement to slow down refund requests.

If the tape-out was completed in February, why wait until March 5th to announce it when more are more refunds are being requested everyday? I don't get it.

[xstr8guy]

<snip>

I'll add I was *not* the one making statements of fact knc would never deliver a physical 20nm product and that they never planned to make one in the first place. Nothing to do with me.

</snip>

That would be me, lol.  And yes, I still stand behind my prediction.  I am absolutely stunned that so many people believe anything written in this press release. This wouldn't be the first time KNC has deceived us.

They taped out sometime in February.  Why is this the first we're hearing of it, why so secretive?  The lack of communication with the unexplained absence of Bitcoinorama is very unsettling to me.  Have they really taped out or are they just trying to stem the tide of refunds so they can continue to fund the building of the world's largest, most fabulous bitcoin datacenter?


Prediction: at the end of Q2 they will make a big announcement that will go something like this..

"We are sorry to announce that the design of the Neptune is fatally flawed and we have to discontinue further development because of the lack of funds.  To honor our agreement for Neptune preorders we will continue to offer our Plan B and will extend the offer to 'X' months and increase your hash rate from 3THs to 'Y'THs.  We understand your frustration but we hope that our generous offer is enough to keep you from suing our asses into the ground.  Oh by the way, we will no longer honor refunds."

Again, I hope I am wrong but I still fail to see any logic behind the development of a 20nm miner.  It just doesn't make any sense especially now that they are projecting power consumption that isn't miles ahead of other 28nm (and above) competitors.  Bitfury and ASICMiner are likely to beat that with their next gen ASICs and with much more affordable process technology than 20nm.

And by the way, I haven't refunded my CA order for a single Neptune... so make of that what you will, lol.

[The Avenger]

A skeptic would say that Knc timed their tape-out announcement to slow down refund requests.

If the tape-out was completed in February, why wait until March 5th to announce it when more are more refunds are being requested everyday? I don't get it.

It's a very good question.

A cynic might point out things like this - the difference between the last alchip press release and the latest:

LAST:

announced today that they have cooperated in design completion and manufacture of the world’s first 28nm Bitcoin mining AISC for KnCMiner’s flagship mining machine; "Jupiter" in just four months. The fastest 28nm ASIC created in any industry to date.

LATEST:

KnC partnered with Alchip and its representative, Advanced Semiconductors Technology (AST), to deliver
this advanced 20nm technology ASIC. This tapeout is the 2nd generation of the bitcoin mining ASIC following
the success of the 1st, which was delivered in a record time of 3.5 months.

Go KNC! They've taken 1/2 a month off the time it takes! It's cool to change history.

Not that I'm suggesting they might do such a thing so someone with a neptune order might try to use the figure to estimate when Neptune will be delivered and delay their decision on a refund.

Only a classic FUDster would suggest such a thing

Although the fact remains 1/2 month has disappeared from history   Are KNC building time machines with the neptune money?   Maybe they sent bitcoinorama back to the 1960's and he's stuck there and that's why he stopped posting - they internet hasn't been invented yet.

 

[Zelek Uther]

but in spite of the silly speculative doom and gloom that has swept over this thread, there still might be reason for optimism among those with outstanding Neptune orders.

Silly speculative doom and gloom? I normally respect what you have to offer on these forums but I find this comment slightly insulting.

I'm pretty sure Bitcoinorama and Bitconorama are not the same person..

[ImI]

A skeptic would say that Knc timed their tape-out announcement to slow down refund requests.

If the tape-out was completed in February, why wait until March 5th to announce it when more are more refunds are being requested everyday? I don't get it.

Last summer they taped out in june/july for their 28nm-Asics,but they confrmed tape-out in september after several people asked in the thread.

[Biffa]

A skeptic would say that Knc timed their tape-out announcement to slow down refund requests.

If the tape-out was completed in February, why wait until March 5th to announce it when more are more refunds are being requested everyday? I don't get it.

Last summer they taped out in june/july for their 28nm-Asics,but they confrmed tape-out in september after several people asked in the thread.

If you look back through the thread, what's happening now and over the past month is almost exactly what happened then. KnC are actually staying true to form and following a very similar pattern to the October launch.

[xstr8guy]

but in spite of the silly speculative doom and gloom that has swept over this thread, there still might be reason for optimism among those with outstanding Neptune orders.

<snip>

I was really curious to hear your take on recent KNC developments when you finally popped back up and am now quite disappointed...

</snip>

Please note:  BitCONorama is not the same person as BitCOINorama.  BitCOINorama is still M.I.A.

[Tehfiend]

but in spite of the silly speculative doom and gloom that has swept over this thread, there still might be reason for optimism among those with outstanding Neptune orders.

Silly speculative doom and gloom? I normally respect what you have to offer on these forums but I find this comment slightly insulting.

I'm pretty sure Bitcoinorama and Bitconorama are not the same person..

DOH! Thanks

[DPoS]

another KnC press release.. another swat at the bees nest

[paranoidx]

I was watching lord of the rings yesterday and it reminded me of the situation with knc. I think they are basically good people over there and they helped me make some money with their saturns. But eventually greed took over their minds when they thought how they can mine all these coins and keep them for themselves. The thought of owning all they hashpower and the coins that come with it has consumed them. And the millions of $ they received from the neptunes was the turning point.

One coin to rule them all...

[Biomech]

'tape out' completed 
this was totally unexpected, now I'm excited 

Joeventura and his insider information has been wrong with his predictions that there wasn't going to be a physical miner, and I was actually starting to beleive him.

So how long does it take to slice and package wafers?  Anyone?

ok ok you can come back Orama...  this is good news and we can all be friends again 

Not long. The time consuming parts still ahead are validation and building the mask set. Time to package, if I remember correctly, is around 49 days from tape out.

[Biomech]

I got my BTC refund today for 3 Neptunes (43.569). exchange rate used was at $700 by the time I got it, rate was down to $660.  Took 8 days to complete the transaction and BTC went on some wild swings,  had no idea where it would be and they gave me no information on the exchange rate other than they will use BitStamp price at the time of transaction.  Considering that I spent under that amount to purchase 4 Neptunes, made out pretty well.    When it arrives every mBit it makes will be profit...  good to hear they taped out...  Wasn't really looking forward to re-wiring my house to install 4.

good times.

Well played.

[Vagnavs]

I got my BTC refund today for 3 Neptunes (43.569). exchange rate used was at $700 by the time I got it, rate was down to $660.  Took 8 days to complete the transaction and BTC went on some wild swings,  had no idea where it would be and they gave me no information on the exchange rate other than they will use BitStamp price at the time of transaction.  Considering that I spent under that amount to purchase 4 Neptunes, made out pretty well.    When it arrives every mBit it makes will be profit...  good to hear they taped out...  Wasn't really looking forward to re-wiring my house to install 4.

good times.

Well played.

so they are using the current exchange rate of BTC. Then converting to Fiat? Many people have said they will get the Fiat return of 10K.

[elasticband]

Its cold dark days like this i really appreciate my mining room and rigs.

It's a stable 24c, the sound of fans whirring away i find extremely relaxing and have done since i was a child, the hot air blowing toward me is nice and comforting.
something about the jet engine of a plane starting up always use to send me to sleep when i was a child.

I could actually sleep right here and i have done before.


No wonder my girlfriend thinks I can be strange.

[sickpig]

Is there something wrong with the KNC Cloud?

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

probably they have just finished to deploy their on pool software and are slowly switching their miners...

[Zelek Uther]

'tape out' completed 
this was totally unexpected, now I'm excited 

Joeventura and his insider information has been wrong with his predictions that there wasn't going to be a physical miner, and I was actually starting to beleive him.

So how long does it take to slice and package wafers?  Anyone?

ok ok you can come back Orama...  this is good news and we can all be friends again 

Not long. The time consuming parts still ahead are validation and building the mask set. Time to package, if I remember correctly, is around 49 days from tape out.

The Tape Out news was very welcome.  Sounds like they are on-track for a Q2 delivery... I'm hopeful.