Swedish ASIC miner company kncminer.com

[Phoenix1969]

I'll never forget this line.....   " We are serving more than three million dollars a day to resell the bitcoin we break ourselves," said Sam Cole.

Said just like they think they are doing us a favor with those boards they taunted us with.
While sucking the entire network's wealth dry.
Such a chore "Breaking" the coin yourselves... Thank you so much.

How long do you think it will take them to setup another farm, only filled with Titan's?

Hmmm...well... after a healthy Titan run, I think they'll run Neptunes till the assy' line breaks, or 16nm becomes reality... loading the hell out of the Boden facility, until BTC hits 10 bucks, and it doesn't pay the electric anymore before they finally realize they triggered the whole mess, and start holding coin while paying out of past profits to keep it going, until the price goes high enough to start dumping coin again, creating a viscous cycle which keeps the price low until election time, PayPal,  or something big helps dig the network out of this greed slump.

Wouldn't surprise me a bit if next weeks Coindesk headline reads....
"Someone DDOS'd the Boden Facility" and poor KNC is losing 3 mil a day....
This is like the "Wild West" California Gold rush all over again.


You may be right about that Dropt, but I think the alts will be so devastated by the customer run alone, there will be no incentive for them to run an alt cloud. Gpu's will be a dime a dozen, and you will hear about 3rd and 4th quarter losses from the folks at AMD/Raedon.
*FPGA miners will commit suicide.*
 and BFL customers will still be patiently waiting on a Monarch to arrive so they can earn .000001 a day.... @ 10 bucks a Bitcoin.  special breed.     (No offense to anyone intended, just a pun)

I just had to turn down a trip to Morocco for the HopeGirl Foundation QEG training seminar because I foolishly just sent all my dough to an Exchange to buy BTC... ..... AAAAaaaaahhh!  This day just gets worse and worse... I'm going to bed dogonnit...gnight all.

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[RoadStress]

Well I must admit I think that this is the longest thread on the forums and I would be hardpressed to find another longer one
But what do you guys talk about for 1600 pages

Here is the longest thread that I'm aware of

So this is the second longest thread?

[Searing]

I'll never forget this line.....   " We are serving more than three million dollars a day to resell the bitcoin we break ourselves," said Sam Cole.

Said just like they think they are doing us a favor with those boards they taunted us with.
While sucking the entire network's wealth dry.
Such a chore "Breaking" the coin yourselves... Thank you so much.

How long do you think it will take them to setup another farm, only filled with Titan's?

yeah i expect this announcement if/when the neptune ships ...like 2 months after shipping if they ship in july/aug they will announce
such a farm in say OCT or so imho

I mean it is 28mm it is setup to go ....only thing would be if price of coin is too low or if they ALREADY HAVE MINED the hell out of
the network to USD and drove the price down to such an extent they 'drained the pond"

no on the otherhand if KNC only had 3000 or so customers and HAD got us this stuff on time..they'd still imho have 80% of the $$$
they have now (due to no future cancellations and such from past silliness) and we'd be sining their praises

they would have made the 'bitcoin pie" bigger and thus with less a share (due to the fact successful with knc that we are we'd be
promoting bitcoin up the yazzoo)

as it is every news report from bans in countries to IRS to knc greed to bfl greed to scams etc ..just drove away all them newbies
this year 2014 who would have kept the balloon filled

so imho they screwed themselves out of some "long lasting real $$$" vs "short term gain" and shooting the cow that gave you milk

too bad....all i know if i was a noob looking at google and forums and news i'd be staying far away from BTC indeed

btc survival is gonna be really iffy if it cointinues to go down the path of 'self destructive behavoir" by its partcipants..

i will refrain from the long list from bfl to gox an nauseum

Searing

[RoadStress]

I'll never forget this line.....   " We are serving more than three million dollars a day to resell the bitcoin we break ourselves," said Sam Cole.

Said just like they think they are doing us a favor with those boards they taunted us with.
While sucking the entire network's wealth dry.
Such a chore "Breaking" the coin yourselves... Thank you so much.

How long do you think it will take them to setup another farm, only filled with Titan's?

yeah i expect this announcement if/when the neptune ships ...like 2 months after shipping if they ship in july/aug they will announce
such a farm in say OCT or so imho

I mean it is 28mm it is setup to go ....only thing would be if price of coin is too low or if they ALREADY HAVE MINED the hell out of
the network to USD and drove the price down to such an extent they 'drained the pond"

no on the otherhand if KNC only had 3000 or so customers and HAD got us this stuff on time..they'd still imho have 80% of the $$$
they have now (due to no future cancellations and such from past silliness) and we'd be sining their praises

they would have made the 'bitcoin pie" bigger and thus with less a share (due to the fact successful with knc that we are we'd be
promoting bitcoin up the yazzoo)

as it is every news report from bans in countries to IRS to knc greed to bfl greed to scams etc ..just drove away all them newbies
this year 2014 who would have kept the balloon filled

so imho they screwed themselves out of some "long lasting real $$$" vs "short term gain" and shooting the cow that gave you milk

too bad....all i know if i was a noob looking at google and forums and news i'd be staying far away from BTC indeed

btc survival is gonna be really iffy if it cointinues to go down the path of 'self destructive behavoir" by its partcipants..

i will refrain from the long list from bfl to gox an nauseum

Searing

I hope we will all smile when reading this post 5 years from now!

[Searing]

I'll never forget this line.....   " We are serving more than three million dollars a day to resell the bitcoin we break ourselves," said Sam Cole.

Said just like they think they are doing us a favor with those boards they taunted us with.
While sucking the entire network's wealth dry.
Such a chore "Breaking" the coin yourselves... Thank you so much.

How long do you think it will take them to setup another farm, only filled with Titan's?

yeah i expect this announcement if/when the neptune ships ...like 2 months after shipping if they ship in july/aug they will announce
such a farm in say OCT or so imho

I mean it is 28mm it is setup to go ....only thing would be if price of coin is too low or if they ALREADY HAVE MINED the hell out of
the network to USD and drove the price down to such an extent they 'drained the pond"

no on the otherhand if KNC only had 3000 or so customers and HAD got us this stuff on time..they'd still imho have 80% of the $$$
they have now (due to no future cancellations and such from past silliness) and we'd be sining their praises

they would have made the 'bitcoin pie" bigger and thus with less a share (due to the fact successful with knc that we are we'd be
promoting bitcoin up the yazzoo)

as it is every news report from bans in countries to IRS to knc greed to bfl greed to scams etc ..just drove away all them newbies
this year 2014 who would have kept the balloon filled

so imho they screwed themselves out of some "long lasting real $$$" vs "short term gain" and shooting the cow that gave you milk

too bad....all i know if i was a noob looking at google and forums and news i'd be staying far away from BTC indeed

btc survival is gonna be really iffy if it cointinues to go down the path of 'self destructive behavoir" by its partcipants..

i will refrain from the long list from bfl to gox an nauseum

Searing

I hope we will all smile when reading this post 5 years from now!

yeah i hope i'm dead wrong...but it looks like a yo yo for various gov't's to kick about lately..not to mention .it still seems to me ..a lot of players
playng the 'short game" on BTC..rather then the long game......a lot of 'jostling' in place..lots of friction not much progress.....

anyway what do I know.....

Searing

[Biodom]

For those who still have Neptune preorder.

Announcement incoming..."very soon". I hope on Monday or at least next week, albeit I don't know what "very soon" means in KnC lingo.
Source -Kurt (KnC supermoderator).
http://forum.kncminer.com/forum/resellers-affilicates/general-questions/32813-knc-team-a-few-yes-no-please

[RoadStress]

For those who still have Neptune preorder.

Announcement incoming..."very soon". I hope on Monday or at least next week, albeit I don't know what "very soon" means in KnC lingo.
Source -Kurt (KnC supermoderator).
http://forum.kncminer.com/forum/resellers-affilicates/general-questions/32813-knc-team-a-few-yes-no-please

Finally some rush into my veins...I missed that since last September.

[ElGabo]

For those who still have Neptune preorder.

Announcement incoming..."very soon". I hope on Monday or at least next week, albeit I don't know what "very soon" means in KnC lingo.
Source -Kurt (KnC supermoderator).
http://forum.kncminer.com/forum/resellers-affilicates/general-questions/32813-knc-team-a-few-yes-no-please

As soon as we got some jupiters and upgrade modules.

[pedrosoft]

For those who still have Neptune preorder.

Announcement incoming..."very soon". I hope on Monday or at least next week, albeit I don't know what "very soon" means in KnC lingo.
Source -Kurt (KnC supermoderator).
http://forum.kncminer.com/forum/resellers-affilicates/general-questions/32813-knc-team-a-few-yes-no-please

As soon as we got some jupiters and upgrade modules.

Very soon is a trademark registred by kncminer

[jelin1984]

i think that must have some news of nepture
still no news?

[Phoenix1969]

Yeah, they read in here that we found out they are making 3 mil a day off our boards, and are preparing an announcement.
There's not much they can say to change the situation.
This will be interesting to hear after a month of silence on Neptune, and reading that interview yesterday.

[raskul]

Yeah, they read in here that we found out they are making 3 mil a day off our boards, and are preparing an announcement.
There's not much they can say to change the situation.
This will be interesting to hear after a month of silence on Neptune, and reading that interview yesterday.

3million kronor mate - ~$500k
it was pointed out above somewhere.

[smoothrunnings]

Yeah, they read in here that we found out they are making 3 mil a day off our boards, and are preparing an announcement.
There's not much they can say to change the situation.
This will be interesting to hear after a month of silence on Neptune, and reading that interview yesterday.

I think if they are making money off our Neptune's they should have at least the decency to use my Bitminter creds I added to my Knc Miner account so they should be technically using that to mine and not be using their own method with my equipment. But if they want to reimburse me the Bitcoin's they have mined with my Neptune so far I would be happy to provide them with walled ID.

[Phoenix1969]

Yeah, they read in here that we found out they are making 3 mil a day off our boards, and are preparing an announcement.
There's not much they can say to change the situation.
This will be interesting to hear after a month of silence on Neptune, and reading that interview yesterday.

3million kronor mate - ~$500k
it was pointed out above somewhere.

How's that? They specifically said USDollars in the interview....
someone in here says its kronor, and that's it?  No, I'll believe the interview unless there is something else as proof of that. , thanks
As if the exchanges deal in kronor, lol.  That's really left-field.

[raskul]

Yeah, they read in here that we found out they are making 3 mil a day off our boards, and are preparing an announcement.
There's not much they can say to change the situation.
This will be interesting to hear after a month of silence on Neptune, and reading that interview yesterday.

3million kronor mate - ~$500k
it was pointed out above somewhere.

How's that? They specifically said USDollars in the interview....

no, it was pointed out google translated it to dollars. i didn't bother checking the swedish text...
but anyway, who cares, they are mining the arse off us all.

[Phoenix1969]

I don't buy that BS. What exchange has the volume to do that, and trades in kronor? none.
And no, Kronor doesn't translate to "USdollars", it translates to "crowns." in English, so no.
Go to google and try it  yourself.

[raskul]

I don't buy that BS. What exchange has the volume to do that, and trades in kronor? none.
And no, Kronor doesn't translate to "USdollars", it translates to "crowns." in English, so no.
Go to google and try it  yourself.

i'm sure you are probably right.. i'm not looking too far into it.

[chopstick]

Has there been a single successful BTC mining company that hasn't completely succumbed to Greed?

Not to defend KNC miner, but I mean damn. The mining scene is disgraceful. BFL was a scam since the start and is run like a ponzi, delivering just enough hardware to stay afloat. Avalon shipped their batch 1 miners on time and then fucked over everyone else on purpose to keep difficulty low. Countless other companies have taken preorders and then failed to deliver. And now KNC is fucking over all their customers also.

This is why I would personally only buy miners that ship at time of purchase... not a single company out there is honest enough for preorders it seems. Either they mine with your gear for 2 months before shipping, or they never produce anything at all, or by the time they do actually produce it's no longer profitable.

[Phoenix1969]

I don't buy that BS. What exchange has the volume to do that, and trades in kronor? none.
And no, Kronor doesn't translate to "USdollars", it translates to "crowns." in English, so no.
Go to google and try it  yourself.

i'm sure you are right im not looking too far into it

Nope... YOU were right
my bad...
the original article has kroner in parenthesis

[Easy2Mine]

Sam ash(c)ole KFC farm has even become bigger and bigger.
What a fuckers.