Swedish ASIC miner company kncminer.com

[samsonn25]

HA HA!!

Discontinue.....

With these guys' creepy wallet, PLUS multiple dar-tar haus's, PLUS GOPay (that doesnt seem to work) PLUS taking over Mt.Gox theyre are certainly positioning themselves to be the Pwners of Cryptos.

No doubt there are those among us whose panties will be moistening at the prospect of some 'preferential' abuse

Oh trust me their data farms they are building will be fcked when difficulty is 100 Billion.  However they build asic machines at wholesale cost......but

But since it basically cost them nothing to build because they made alot from the first Saturns, Jupiters, and some Neptunes they could always rent it out. 

[Paladin69]

How about you guys refund everyone on their Titans and discontinue production.  You are going to destroy the scrypt coins.  It won't even be funny and everyone with Gridseed miners are going to be pissed.

Titan's can't be refunded.

[raskul]

HA HA!!

Discontinue.....

With these guys' creepy wallet, PLUS multiple dar-tar haus's, PLUS GOPay (that doesnt seem to work) PLUS taking over Mt.Gox theyre are certainly positioning themselves to be the Pwners of Cryptos.

No doubt there are those among us whose panties will be moistening at the prospect of some 'preferential' abuse

panties got moist higher up this page mate.
If anyone who has money in gox, and there is some kind of resurrection, isn't the safest option just to get that money out and use another exchange?
i used gox for both business and personal transactions and found nothing but trouble, so , regardless of whoever takes over gox, i won't be fucking using it, ever.
That is, ESPECIALLY if it's owned by some network grabbing chickie-in-da-baskie mutherfucking scamming wankstain involved in KnC.

[xxaudioxx]

just received my refund for order # #1115X in USD.. thanks

[Biffa]

Worship the ground they walk on? Dude, you gotta get laid more often. Stop putting your nose up people's asses and just be a man. If Gox was owned by anyone affiliated by KNC it would be the downfall of the bitcoin community. There would be more fees, taxes, charges then regular banks have. Horrible customer service and just a plain miserable mess that would always be better from the latest annoucement they make that better things are coming but never do. Gox needs to be dead and buried.

You can buy bitcoin for $370 right now. Why in the world would anyone put money towards mining hardware. As I said before, it will go down to $200 and stay there for a while. People spending $10k on vaporware when bitcoin prices are this cheap. Stop drinking the kool aid people!

Anyone who is buying hardware right now needs to get their head checked, anyone who's still holding onto KnC refundable Neptunes needs it checked twice.

I get my head checked on a regular basis

I'm keeping my 11xx CA order PLUS I also managed to get local pickup as well. That should be interesting.

[5craziest]

How about you guys refund everyone on their Titans and discontinue production.  You are going to destroy the scrypt coins.  It won't even be funny and everyone with Gridseed miners are going to be pissed.

Titan's can't be refunded.

Not half as pissed as the people foolish enough to fork over $10k for a preorder Scrypt machine

[yelloyello]

@ Biffa

How did you manage a local pickup? Simply asked?

[merv77]

article/quote from bloomberg businessweek

KnCMiner, based in Stockholm, operates about 7,000 machines. While the mining company’s electric bill in March came to $450,000, the computers mined 21,000 bitcoins, according to co-founder Sam Cole.

source: http://www.businessweek.com/news/2014-04-11/bitcoin-mining-boom-sputters-as-prospectors-see-real-cash-losses

if they are mining 21,000 BTC a month it would make their farm just over 20% of the network.   

[RoadStress]

article/quote from bloomberg businessweek

KnCMiner, based in Stockholm, operates about 7,000 machines. While the mining company’s electric bill in March came to $450,000, the computers mined 21,000 bitcoins, according to co-founder Sam Cole.

source: http://www.businessweek.com/news/2014-04-11/bitcoin-mining-boom-sputters-as-prospectors-see-real-cash-losses

if they are mining 21,000 BTC a month it would make their farm just over 20% of the network.   

They aren't mining 21k BTCs per month. Read again. "the computers mined" For me it's what they mined from the start until now. We don't know when they started.

Even if they had 20% so what? Does it matter for you or for me? Not so much (as long as they don't push to 51%). What matter for us regular miners is the TOTAL hashrate, not what KnC has.

Also: http://organofcorti.blogspot.ro/2014/04/april-6th-2014-weekly-hashrate.html so chill.

[server]

just received my refund for order # #1115X in USD.. thanks

Congrats, when did you request this refund ?

[merv77]

I also requested refund for 1 neptune today

I will post back when I receive funds in my account

[faetos]

They said they mine over 600 coins a day and then turn around and sell them. That's at least 18,000 a month. They're probably mining more than that considering their honesty record is a bit sketchy.

[raskul]

their honesty record is a bit sketchy.

nice of you to play it down. 

[Biodom]

article/quote from bloomberg businessweek

KnCMiner, based in Stockholm, operates about 7,000 machines. While the mining company’s electric bill in March came to $450,000, the computers mined 21,000 bitcoins, according to co-founder Sam Cole.

source: http://www.businessweek.com/news/2014-04-11/bitcoin-mining-boom-sputters-as-prospectors-see-real-cash-losses

if they are mining 21,000 BTC a month it would make their farm just over 20% of the network.  

This article is absolutely devastating for individual miners future. What is quite surprising to me is that, apart from Bitmain, no other manufacturer has ANY price flexibility whatsoever. This indicates that hardware suppliers simply choose to mine themselves when bitcoin prices are declining. Every manufacturer price was completely unrealistic in the last couple of weeks (KnC, cointerra, spondoolies, even Bitmain S2). I think that we are about to experience a hard crash in hardware manufacturers. I dream for a modular low power cheap machine. Some guy has S1 undervolted with less than half electricity consumption, but still decent hashing:
https://bitcointalk.org/index.php?topic=526060.20

[xxaudioxx]

just received my refund for order # #1115X in USD.. thanks

Congrats, when did you request this refund ?

Requested last April 3. took 8 days to received the funds in my bank..

[Phoenix1969]

KNC refunders... beware of new , intense "Know Your Customer" (KYC) verification on Bitstamp for Americans...
After enduring KNC's slow refunding process, I encountered a week of dialogue at Bitstamp... and eventual approval a day ago, but the funds have yet to be credited to my account. Might look for another exchange....

*Two others I know had the same issue

[sbfree]

KNC refunders... beware of new , intense "Know Your Customer" (KYC) verification on Bitstamp for Americans...
After enduring KNC's slow refunding process, I encountered a week of dialogue at Bitstamp... and eventual approval a day ago, but the funds have yet to be credited to my account. Might look for another exchange....

*Two others I know had the same issue

I wonder if it has anything to do with FACTA/ H.R. 2847 coming up in July?

[CryptKeeper]

KNC refunders... beware of new , intense "Know Your Customer" (KYC) verification on Bitstamp for Americans...
After enduring KNC's slow refunding process, I encountered a week of dialogue at Bitstamp... and eventual approval a day ago, but the funds have yet to be credited to my account. Might look for another exchange....

*Two others I know had the same issue

Not only for americans, Bitstamp does it's KYC procedure for european as well now!

[Phoenix1969]

KNC refunders... beware of new , intense "Know Your Customer" (KYC) verification on Bitstamp for Americans...
After enduring KNC's slow refunding process, I encountered a week of dialogue at Bitstamp... and eventual approval a day ago, but the funds have yet to be credited to my account. Might look for another exchange....

*Two others I know had the same issue

Not only for americans, Bitstamp does it's KYC procedure for european as well now!

How long from *approved  to  account credited?
It sucks they didnt credit it upon approval... I suppose now im holding my breath till monday...

[CryptKeeper]

KNC refunders... beware of new , intense "Know Your Customer" (KYC) verification on Bitstamp for Americans...
After enduring KNC's slow refunding process, I encountered a week of dialogue at Bitstamp... and eventual approval a day ago, but the funds have yet to be credited to my account. Might look for another exchange....

*Two others I know had the same issue

Not only for americans, Bitstamp does it's KYC procedure for european as well now!

How long from *approved  to  account credited?
It sucks they didnt credit it upon approval... I suppose now im holding my breath till monday...

I've got their KYC email yesterday and answered all questions, but they haven't replied yet.