Swedish ASIC miner company kncminer.com

[sbfree]

Point is, KNC is not fair.

They have a datacenter up and running, but they deliver "plan B" as late as possible.
Fact is, in August, even if they deliver 10 TH, its the same worth as now delivering 3 TH.

Its the same as selling a holiday to the beach, but sending the tickets to late, so the holiday becomes worthless.

When they want to be fair, they deliver 3TH cloudhash today, not tomorrow.

But time is the key and the rising difficulty the most critical factor.
Speaking their very own words: "We know as well as everyone in this business that time is a critical part of the process."

And I wonder why Bitmaintech, Dragonminer and Spondoolish have similar products ready to ship without the need of thousends of customers paying upfront 10k each.

this will be the last time knc get pre-order money, and it's because they will never need it again. I think they started out like Luke, but ended up like daddy Darth

the force is now not with them

[joeventura]

Soon the refunds will stop (in just a week or two) and then the crying will really commence.

Here is how it will go:

KNC: Chips are here, testing has started - No more refunds as of right............NOW!

KNC: Oh testing is taking more time.

KNC: Oh my dog is having kittens....

KNC: Oh we are closed for a month in June

KNC: Oh Oh Oh Oklahoma.......

KNC: Happy July we started shipping today, should be done in 10-12 days.

BITCOIN: 18 BILLION DIFFICULTY

CUSTOMERS: Oh but they gave us 4 TH instead of 3 so we mine $38 a day! Wooo hoooo

[sbfree]

"Q1/Q2"  MEANS---  March or April..

No it doesn't.
It was clear that it didn't when it was first announced, and several people loudly said so.

Why is basic math so difficult for some people? Oh yeah, everyone drops out of school these days.


A year is 12 months(shocking revelation, I know). Divided into quarters ( 12 % 4, 12 * 1/4, however you want to look at it ) consists of three month long quarters. This also, may be shocking to some.

[Jan] [Feb] [March] <---- that is quarter 1

[Apr] [May] [June]  <---- that is quarter 2

[July] [Aug] [Sept] <---- that is quarter 3

[Oct] [Nov] [Dec  ] <---- that is quarter 4


To say that something will "arrive Q1/Q2" is short for saying "Delivery of your product will take place in the following time period: Quarter 1 (January 1 - March 31) and Quarter 2 (April 1 - June 30)...

Which is to say that it will ship between January 1 and June 30.

by putting Q1/Q2, KNC gained something called the human imagination to work for them.

Had they put this clearly as you state, "Which is to say that it will ship between January 1 and June 30, " their sales would have clearly been hurt since this clear and direct, no guessing or imaging.

Q1/Q2 can be misconstrued as end of Q1 (march) or early Q2 (April), and KNC was most likely if not fully aware that Q1 was a pipe dream but did not man up and define that.

ps. that is why i settled for the conversion - not happy not sad

pss. IF it were BITMAINTECH, in a day or 2, we would hear, "400 conversions met, shipping started!!" They have been known to ship early.

[sbfree]

Also got the information from Knc that they will not offer hosting for these 400 3Ths Jupiter boxes.

of course not.. they are only ditching these to make room for better stuff

Did you ask them why didn't they just sell jupiters/modules back in Feb instead of raping your good faith in them?

Because without the "Neptune" product they cannot continue the Pre-order Ponzi scheme.

Now they have "Scrypt Mining Machines" available for Pre-order.  omg  .  Q2/Q3 shipments means latest Sept when difficulty will be probably 50-100x by then.

but since people have caught on, their sales have now lagged....I haven't heard a sold out annoucement on that unit yet, have they?

[sbfree]

Of course they will ship it at September

I am sure 100 percent and I will bet with anyone here 2 btc for that

If knc tell that will be delivered at September nobody will order one
But with the trick of q2 to q3 a lot order Titan

I can accept escrow for the 2 btc bet if anyone want to bet


Also bit coin donation for my English lesson is welcome
 

that was better.  u might not need that lesson.

[samsonn25]

Also got the information from Knc that they will not offer hosting for these 400 3Ths Jupiter boxes.

of course not.. they are only ditching these to make room for better stuff

Did you ask them why didn't they just sell jupiters/modules back in Feb instead of raping your good faith in them?

Because without the "Neptune" product they cannot continue the Pre-order Ponzi scheme.

Now they have "Scrypt Mining Machines" available for Pre-order.  omg  .  Q2/Q3 shipments means latest Sept when difficulty will be probably 50-100x by then.

but since people have caught on, their sales have now lagged....I haven't heard a sold out annoucement on that unit yet, have they?

I expect BFL too fold in the near future too. They are too slow to market.   They haven't delivered a new product to market since taking Pre-orders for 2012 asics that finally delivered last year.  

A tell tale sign they are falling behind is when they keep lowering prices and diluting early order takers for stuff that isn't developed yet.

The only thing they have on hand and can ship now is the 10GH Jaly for $349.  LMAO

[RoadStress]

Of course they will ship it at September

I am sure 100 percent and I will bet with anyone here 2 btc for that

If knc tell that will be delivered at September nobody will order one
But with the trick of q2 to q3 a lot order Titan

I can accept escrow for the 2 btc bet if anyone want to bet


Also bit coin donation for my English lesson is welcome
 

For all i care they can ship in December too. As long as i get the 3TH (exactly what i paid for) in June then i get what i paid for. On top of that i get free hosting for those 3TH until they ship me something. Does it matter so much if you get what you paid for, but not as a physical product?(actually it matters, but i don't want to talk so much about this. i paid for 3TH, i get 3TH)

I will be impressed if they actually start the hashing (for customers) in June. I didn't expect them to start the hashing until July 1. Although that doesn't change the fact that delivered Neptunes will never break even. A refund now would be far more profitable.

A refund would be far more profitable only if you buy bitcoins and the exchange rate goes up. If you don't do this then you are on 0. No profit, no loss. You get just a full refund for what you paid for.

[xstr8guy]

I'm as pissed off at KNC as anyone else but I still have a CA batch Neptune order for some unexplainable reason, lol.

I honestly don't think they'll ever deliver 20nm and it was just a ruse to fund the datacenter.  But I would actually like to see some more details on the 3THs Jupiter.

What is the power usage on that monster?  What kind of PSU(s) will it require.  Can it be run safely on household circuits?

Is it just parts or is it somewhat preassembled?

Are these used Datorhall boards?

Many more questions remain unanswered.

[sbfree]

Just Checked my order history with KNC, and it is now officially changed to 3TH Jupiter instead of Neptunes. It is happening.

[The Avenger]

Just Checked my order history with KNC, and it is now officially changed to 3TH Jupiter instead of Neptunes. It is happening.

The frankenjupiter is alive!

http://www.youtube.com/watch?v=xos2MnVxe-c

[padrino]

Just Checked my order history with KNC, and it is now officially changed to 3TH Jupiter instead of Neptunes. It is happening.

Wish you the best, your money is better spent on BTC now..

But... PM me when it comes in, should be able to turn it up to 4.5Th/s

[sbfree]

Just Checked my order history with KNC, and it is now officially changed to 3TH Jupiter instead of Neptunes. It is happening.

Wish you the best, your money is better spent on BTC now..

But... PM me when it comes in, should be able to turn it up to 4.5Th/s

are you referring to overclocking??

didn't even think of that

[joeventura]

Also got the information from Knc that they will not offer hosting for these 400 3Ths Jupiter boxes.

of course not.. they are only ditching these to make room for better stuff

Did you ask them why didn't they just sell jupiters/modules back in Feb instead of raping your good faith in them?

Because without the "Neptune" product they cannot continue the Pre-order Ponzi scheme.

Now they have "Scrypt Mining Machines" available for Pre-order.  omg  .  Q2/Q3 shipments means latest Sept when difficulty will be probably 50-100x by then.

but since people have caught on, their sales have now lagged....I haven't heard a sold out annoucement on that unit yet, have they?

I expect BFL too fold in the near future too. They are too slow to market.   They haven't delivered a new product to market since taking Pre-orders for 2012 asics that finally delivered last year.  

A tell tale sign they are falling behind is when they keep lowering prices and diluting early order takers for stuff that isn't developed yet.

The only thing they have on hand and can ship now is the 10GH Jaly for $349.  LMAO

And the class action lawsuit filed a few days ago should help too!

http://www.woodlaw.com/blog/customers-unite-bring-class-action-against-butterfly-labs

[The Avenger]

Just Checked my order history with KNC, and it is now officially changed to 3TH Jupiter instead of Neptunes. It is happening.

Wish you the best, your money is better spent on BTC now..

But... PM me when it comes in, should be able to turn it up to 4.5Th/s

are you referring to overclocking??

Frankenjupiter overclocking:
http://www.youtube.com/watch?v=W8GRQHsAVjI

[sbfree]

Just Checked my order history with KNC, and it is now officially changed to 3TH Jupiter instead of Neptunes. It is happening.

Wish you the best, your money is better spent on BTC now..

But... PM me when it comes in, should be able to turn it up to 4.5Th/s

are you referring to overclocking??

Frankenjupiter overclocking:
http://www.youtube.com/watch?v=W8GRQHsAVjI

Avenger, that's 2 of these now  in a row.

[sbfree]

I love classics

[joeventura]

Just Checked my order history with KNC, and it is now officially changed to 3TH Jupiter instead of Neptunes. It is happening.

Yes its really happening you can now buy a 3 TH Jupiter for what you would get 4TH from most anyone else.
Antminer, Cointerra etc and all you had to do was wait for KNC to fall on their faces and/or buy too many Jupiter modules to fit in their data center.

You are buying their crumbs.

[yelloyello]

Status:Jupiter 3TH

@sbfree: me too

Last time ever I pay upfront for a miner. Next time I book a plane and trade "hand-in-hand" with BTC or cash money.

E.g. When someone tells me to visit me at Q1/Q2 I expect that he is coming around March / April.
Not January, not June. KNC created this expectation.

When I was informed that the deadline was June 30, I didn't order, because I also looked in January at the rising difficulty.
With that information, and the by KNC created expectation, I ordered in full trust the Neptune.

Also, with that amount of payed upfront money, invested in KNC to create a new product, clients can demand transparancy.
But all I heard was news about a huge mining hashrate from the new-build datacenter and developing a Scryptminer, and cashing a lot of BTC into dollars so much that the BTC falls again.

E.g. when you buy a house, you expect the contractor to get to work on that house, with your money, because you payed him for that. When you hear that the contractor is investing your money into a nailshop for his wife, you became angry I guess.

Edit: You can see (as we speak) on their website the text "Shipment begins in Q2 of 2014"

[sbfree]

Just Checked my order history with KNC, and it is now officially changed to 3TH Jupiter instead of Neptunes. It is happening.

Yes its really happening you can now buy a 3 TH Jupiter for what you would get 4TH from most anyone else.
Antminer, Cointerra etc and all you had to do was wait for KNC to fall on their faces and/or buy too many Jupiter modules to fit in their data center.

You are buying their crumbs.

Joe, it is what it is. I have done well with KNC, and all this for me is really added bonuses, especially since I didn't consider the overclocking that padrino mentioned.

[samsonn25]

Just Checked my order history with KNC, and it is now officially changed to 3TH Jupiter instead of Neptunes. It is happening.

Yes its really happening you can now buy a 3 TH Jupiter for what you would get 4TH from most anyone else.
Antminer, Cointerra etc and all you had to do was wait for KNC to fall on their faces and/or buy too many Jupiter modules to fit in their data center.

You are buying their crumbs.

In fact they are upgrading the Jupiter chips to the newer Neptune chips