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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3049514 times)
murraypaul
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April 14, 2014, 12:36:40 PM
 #32241


Nowhere it says they will pay for any losses at all.

It clearly said they would assume all liability. Ie, take on the debt.

It also says they are only planning to pay 20c on the dollar of that debt.

BTC: 16TgAGdiTSsTWSsBDphebNJCFr1NT78xFW
SRC: scefi1XMhq91n3oF5FrE3HqddVvvCZP9KB
sickpig
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April 14, 2014, 01:40:49 PM
 #32242

article/quote from bloomberg businessweek

Quote
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.   Huh


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.

@merv77 It's been a very long while since a lot more of 3.6k btc are mined every day. On avg we're near to 5k (last month)

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
sbfree
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April 14, 2014, 02:17:14 PM
 #32243


Nowhere it says they will pay for any losses at all.

It clearly said they would assume all liability. Ie, take on the debt.

It also says they are only planning to pay 20c on the dollar of that debt.

or 100% of the losses at 50% of every fee collected = not in this lifetime???
pedrosoft
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April 14, 2014, 04:45:37 PM
 #32244

november boards, 3rd batch of neptunes &  1.5TH 'mini' neptunes On Sale Now....



This product is nonrefundable


don't buy !  Angry
NetTime
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April 14, 2014, 04:50:06 PM
 #32245

november boards, 3rd batch of neptunes &  1.5TH 'mini' neptunes On Sale Now....



This product is nonrefundable

What a crock.  Fuck KnC.
samsonn25
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April 14, 2014, 04:52:08 PM
 #32246

They are getting desperate
merv77
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April 14, 2014, 04:54:22 PM
 #32247

without giving a specific date, month at least they're gonna have problems attracting buyers.

a month after the previous batch isn't going to cut it.  When is previous batch going to be shipped???  Who knows  Huh
pedrosoft
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April 14, 2014, 04:57:02 PM
 #32248

KNCMINER = NEW BFL
robix
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April 14, 2014, 04:59:31 PM
 #32249

 Huh Huh Huh

Shipment begins one month after Batch 2

 Grin Grin Grin
robix
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April 14, 2014, 05:05:21 PM
 #32250

My CA Batch Neptune: "Refund ready for process"
The Avenger
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April 14, 2014, 05:10:24 PM
 #32251

november boards ... On Sale Now....
jelin must have cum in his/her pants hearing that news Grin

"I am not The Avenger"
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merv77
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April 14, 2014, 05:12:19 PM
 #32252

My CA Batch Neptune: "Refund ready for process"

same here, 

maybe our 2 refund requests have cause panic at KNC headquarters   Grin Grin Grin

I think KNC are not liking all the negative publicity... become assholes and get treated like assholes.   Love it when this happens  Cheesy Grin
merv77
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April 14, 2014, 05:17:17 PM
 #32253

november boards ... On Sale Now....
jelin must have cum in his/her pants hearing that news Grin

LOL,  even at $350 you'll never see ROI, 
it will mine 0.012 BTC a day and that's if you got it tomorrow, 
in a couple of days next diff increase you'll be lucky to see 0.01 a day
sbfree
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April 14, 2014, 05:19:29 PM
 #32254

Its Monday, and no word from KNC on the Frankenjup AKA the NEW 3TH JUPITER....
greentea
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April 14, 2014, 05:21:43 PM
 #32255

21,000 bitcoins in March ...  Huh

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

Quote
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.

NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
▃▃▃▅▅▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▅▅▅▃▃▃
1Neptune
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April 14, 2014, 05:25:39 PM
 #32256

My CA Batch Neptune: "Refund ready for process"

same here, 

maybe our 2 refund requests have cause panic at KNC headquarters   Grin Grin Grin

I think KNC are not liking all the negative publicity... become assholes and get treated like assholes.   Love it when this happens  Cheesy Grin

"... become assholes and get treated like assholes.   Love it when this happens"

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ BRAVO!!!

+1
The Avenger
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April 14, 2014, 05:35:20 PM
 #32257

november boards ... On Sale Now....
jelin must have cum in his/her pants hearing that news Grin

LOL,  even at $350 you'll never see ROI,  
it will mine 0.012 BTC a day and that's if you got it tomorrow,  
in a couple of days next diff increase you'll be lucky to see 0.01 a day

I wouldn't give the @#*$'s even $50 for a non-refundable board. You can be almost 1000% certain it's some grade 2 board that didn't pass QA for their datorhall - they are trying to sell their trash to suckers.

"I am not The Avenger"
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DPoS
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April 14, 2014, 05:36:23 PM
 #32258

And they slap you by still calling them 'upgrade' modules when they screwed anyone who was actually looking to upgrade last year

should call them the cumrag modules since they already shot their load

~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
NetTime
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April 14, 2014, 05:37:23 PM
 #32259

My CA Batch Neptune: "Refund ready for process"

same here, 

maybe our 2 refund requests have cause panic at KNC headquarters   Grin Grin Grin

I think KNC are not liking all the negative publicity... become assholes and get treated like assholes.   Love it when this happens  Cheesy Grin

"... become assholes and get treated like assholes.   Love it when this happens"

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ BRAVO!!!

+1

I seriously hope they get fucked somehow, like the datorhall gets hit with a quake, electrical storm, or a nuke, private keys lost, anything.
ElGabo
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April 14, 2014, 05:41:45 PM
 #32260

Somebody wanted to sell here a controller board.

If the offer is still out there drop me a pm.

Thanks

" I'm waiting for my punishment, I know it's on my way
  So cut, cut, cut me up and fuck, fuck, fuck me up"
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