Swedish ASIC miner company kncminer.com

[Crypto_Cumbrian]

Wow what a Tremendous offer from KNC.

I'm now kicking myself for Getting a refund.

How can I live with myself, How will I sleep at Night.

C_C

[baller1]

Been waiting.... Just remember what I said....

I'd ask for KNC to provide us updates but, I don't think many folks here care that much anymore (I don't), and we know KNC won't provide them anyhow.

We shall see, but the thought that we essentially provided an interest free loan is infuriating.

Watch if Bitcoin's price falls anymore.. "Exclusive used modules now for sale".. what a joke.
And don't fall for it people! If and when you become part of their business model again..

[Paladin69]

Wow what a Tremendous offer from KNC.

I'm now kicking myself for Getting a refund.

How can I live with myself, How will I sleep at Night.

C_C

I don't think you made a bad choice.  The diff is about to explode again.  As if it hasn't enough already.

[merv77]

have you heard of these guys...  'bitcoin brothers'

http://cointelegraph.com/post/the_new_leader_in_mining_interview_with_thomas_j_ackerman_bitcoin_brothers#.U0P8F6i99rh

below is what they think of KNC

AS: What gives your company a competitive edge over companies like KnCMiner for example?

TA: Well our chips are much better, they use a lot less power and they’re available - we can start making those wafers tomorrow. Our cost of operation is very low so we can sell the capacity way below the price of our competitors. So we operate at a fraction of the cost compared to KnCMiner which at least makes its own chips - not very successfully unfortunately.

Not to play them down, but they do have a problem with that. The cost of operation that they have in Sweden is high and they can’t bring power to their data-centers very quickly and only very expensively. In Sweden, the green power that they use costs them something like 30 cents per kWh. It’s really, really expensive. So while it technically works, it takes a much longer to time to deploy and, from a business point of view, not very profitable to run. We certainly don’t want to put them out of business because we need a healthy competition but there is two or three other big companies, Cloud Hashing that is buying everyone else’s chips; they’re also housing their operations in Iceland, which makes the most sense, however, they’re buying other chips that are not as efficient as ours. Beyond Cloud Hashing and KnCMiner there very little left.

[Biffa]

I requested a refund on my 3 Neptunes 4 days ago and now I feel even better about my decision.
I wonder why people still keep their orders.
The only reason I kept mine was to resell on Ebay, but even at this very moment the prices there has fallen to around £2000-£2500 per 1TH/s so even that opportunity for a profit is gone.

Hey CYPER when you going to post your review of the bitcoinultra rigs you got?

[Flashman]

TSMCs 20nm process is looking screwed up for everyone... http://wccftech.com/nvidia-maxwell-20nm-delayed-late-2014-early-2015/

methinks either KNC is the guinea-pig/lab-rat or gets the shaft with nVidia champing at the bit, neither sound good.

So, IMO, take the 3Th of Jupiters, wait for the cloud hashing, or refund, but don't expect to see a Neptune real soon, KNC has done their end, but TSMC looks like fucking things up.

Q2 delivery is looking unlikely now, and I don't think KNC can do anything to change that, TSMCs 20nm schedule started slipping late last year and I guess that's when the contingency plans came into play for "worst case scenario", kudos to them for planning something instead of blindly hoping.

No doubt KNC will make heroic efforts should TSMC pull their finger out, actually honor the "little guy's" order on schedule with impatient industry giants ready to rip them a new one, and actually send chips in Q2, but sounds too much like a fairy tale now.


Not trying to troll you Neptune orderers, just call it as I see it,


Flash.

[Biffa]

have you heard of these guys...  'bitcoin brothers'

http://cointelegraph.com/post/the_new_leader_in_mining_interview_with_thomas_j_ackerman_bitcoin_brothers#.U0P8F6i99rh

below is what they think of KNC

AS: What gives your company a competitive edge over companies like KnCMiner for example?

TA: Well our chips are much better, they use a lot less power and they’re available - we can start making those wafers tomorrow. Our cost of operation is very low so we can sell the capacity way below the price of our competitors. So we operate at a fraction of the cost compared to KnCMiner which at least makes its own chips - not very successfully unfortunately.

Not to play them down, but they do have a problem with that. The cost of operation that they have in Sweden is high and they can’t bring power to their data-centers very quickly and only very expensively. In Sweden, the green power that they use costs them something like 30 cents per kWh. It’s really, really expensive. So while it technically works, it takes a much longer to time to deploy and, from a business point of view, not very profitable to run. We certainly don’t want to put them out of business because we need a healthy competition but there is two or three other big companies, Cloud Hashing that is buying everyone else’s chips; they’re also housing their operations in Iceland, which makes the most sense, however, they’re buying other chips that are not as efficient as ours. Beyond Cloud Hashing and KnCMiner there very little left.

He sounds like a right cock

[Biffa]

TSMCs 20nm process is looking screwed up for everyone... http://wccftech.com/nvidia-maxwell-20nm-delayed-late-2014-early-2015/

methinks either KNC is the guinea-pig/lab-rat or gets the shaft with nVidia champing at the bit, neither sound good.

So, IMO, take the 3Th of Jupiters, wait for the cloud hashing, or refund, but don't expect to see a Neptune real soon, KNC has done their end, but TSMC looks like fucking things up.

Q2 delivery is looking unlikely now, and I don't think KNC can do anything to change that, TSMCs 20nm schedule started slipping late last year and I guess that's when the contingency plans came into play for "worst case scenario", kudos to them for planning something instead of blindly hoping.

No doubt KNC will make heroic efforts should TSMC pull their finger out, actually honor the "little guy's" order on schedule with impatient industry giants ready to rip them a new one, and actually send chips in Q2, but sounds too much like a fairy tale now.


Not trying to troll you Neptune orderers, just call it as I see it,


Flash.

Theres a whole world of difference between a GPU and an ASIC. All that article says is "Basically 20nm has already begun at TSMC, but apparently the process is not yet ready for full fledged GPU core production"

[Cablez]

Here is the latest news/no news.

https://www.kncminer.com/news/news-82

[joeventura]

Here is the latest news/no news.

https://www.kncminer.com/news/news-82

Really? We missed that in the previous 40 messages.

[Flashman]

Theres a whole world of difference between a GPU and an ASIC. All that article says is "Basically 20nm has already begun at TSMC, but apparently the process is not yet ready for full fledged GPU core production"

Okay, let me hear your theory as to how a GPU is not an ASIC...

[dropt]

Here is the latest news/no news.

https://www.kncminer.com/news/news-82

Read:  Please stop refunding.

[paranoidx]

Here is the latest news/no news.

https://www.kncminer.com/news/news-82

Read:  Please stop refunding.

I read it as "Please refund now".

Will do, KNC.

[joeventura]

Here is the latest news/no news.

https://www.kncminer.com/news/news-82

Read:  Please stop refunding.

I read it as "Please refund now".

Will do, KNC.

+1

[pedrosoft]

Here is the latest news/no news.

https://www.kncminer.com/news/news-82

Read:  Please stop refunding.

I read it as "Please refund now".

Will do, KNC.

+1

+1

[Templer]

Here is the latest news/no news.

https://www.kncminer.com/news/news-82

Read:  Please stop refunding.

I read it as "Please refund now".

Will do, KNC.

+1

-1

I hold the CA order!
Why? I trust in KNC! I think its no fantasie, that they may deliver over 3TH.
All or nothing, Like Goxcoins ^^
I like the risk and was with Jupiter absolutely right....

My point of view!

[CYPER]

I requested a refund on my 3 Neptunes 4 days ago and now I feel even better about my decision.
I wonder why people still keep their orders.
The only reason I kept mine was to resell on Ebay, but even at this very moment the prices there has fallen to around £2000-£2500 per 1TH/s so even that opportunity for a profit is gone.

Hey CYPER when you going to post your review of the bitcoinultra rigs you got?

I can't comment on this atm, but I am expecting a new revision rig from them to review, which should arrive around the 25th this month.
I will be in Germany until the 2nd May, so I will be able to review it after I get back.

[Paladin69]

This is basically a game of trying to grab as much of the 21m BTC pie as you can.  Taking your $10K now will buy more BTC than what 3TH can mine.  Bitcoin mining is pretty much dead thanks to all the greedy cloud farms until the price goes back up.  But when the price goes back up, it's too late for you to get the most BTC you can at these current levels.

The difficulty is shooting way ahead of the price.

[The Avenger]

i don't think it possible to have received the chips already, and it seems that the Swedish translation for 'September' is 'June'

You also got to wonder how the word "closer" translates  

February

-snip-
In the meantime, we'll see just how much truth lies behind their February 2014 statement of "As we are getting closer to the launch date of Neptune", as time progresses.

April

The first customers (batch 1) are expected to be hashing in our data center in early June and the last customer will hash in our data center around the last week of June.

OH AND:

• These boxes will ship 3-4 weeks after the first Neptune Batch

Funny, I didn't know there were 4 weeks between the first week and the last week of a month? I guess time moves more slowly in Sweden.

Anyway, good to see knc contradicting themselves and revealing all the lies they've been feeding everyone.

[faetos]

I think the 20nm chip is a fantasy right now for them. If an actual chip had been produced or hey had anything remotely working then they would have shown it already. I found a good use for my refunded order money months ago. You all should do the same and quit supporting these nuts.