Swedish ASIC miner company kncminer.com

[poodle63]

3th right 2 months ago is much better than get 13th 5 months later, game is over for us whom can't build own ASIC miner, the only mistake for us is we are lack of technology, so the way we can do is just awaiting for delivery, and months wait for my miner let me understood, money can let you see through one man's real face.

not because money spoil people, but the way they already were, just you didn't find it yet.

[samsonn25]

3th right 2 months ago is much better than get 13th 5 months later, game is over for us whom can't build own ASIC miner, the only mistake for us is we are lack of technology, so the way we can do is just awaiting for delivery, and months wait for my miner let me understood, money can let you see through one man's real face.

not because money spoil people, but the way they already were, just you didn't find it yet.

13TH machine at .8 watts GH will make less than $500 in October 19 with Diff at 58 Billion.

But it wont even get that far.  By August at 25 B diff  manufacturers cant build at less than $ .50 GH and .5 watts/GH or less and be profitable.

[poodle63]

3th right 2 months ago is much better than get 13th 5 months later, game is over for us whom can't build own ASIC miner, the only mistake for us is we are lack of technology, so the way we can do is just awaiting for delivery, and months wait for my miner let me understood, money can let you see through one man's real face.

not because money spoil people, but the way they already were, just you didn't find it yet.

13TH machine at .8 watts GH will make less than $500 in October 19 with Diff at 58 Billion.

But it wont even get that far.  By August at 25 B diff  manufacturers cant build at less than $ .50 GH and .5 watts/GH or less and be profitable.

Hopefully, wait and see, if they can really broke Moore's law.

[samsonn25]

3th right 2 months ago is much better than get 13th 5 months later, game is over for us whom can't build own ASIC miner, the only mistake for us is we are lack of technology, so the way we can do is just awaiting for delivery, and months wait for my miner let me understood, money can let you see through one man's real face.

not because money spoil people, but the way they already were, just you didn't find it yet.

13TH machine at .8 watts GH will make less than $500 in October 19 with Diff at 58 Billion.

But it wont even get that far.  By August at 25 B diff  manufacturers cant build at less than $ .50 GH and .5 watts/GH or less and be profitable.

Hopefully, wait and see, if they can really broke Moore's law.

Bitcoin GREED killed the mining market.  Except for the first few Asic companies, everyone else came too late or underestimated the competition, thats why the "fireworks" will extend past this 4th of July.

[DPoS]

You guys have been spoilt by the era of easy money in bitcoin mining and have lost the faith.
Time to turn it over to the next generation !

It was not that easy. You fucking kids have it all easy now with your fancy asics. In my day we used a CPU or GPU to mine BTC, and we liked it!

Meh, thats nuthin!

I'm still running mechanical miners.
My secret is tapping into bio engines for power.

I get about 1 Gh/s per gram of gerbil food/day.
It took a while to smooth out my system but once I designed power wheels that self adjusted for the pregnant gerbils, my farm stabilized.

My current/only issue is with health monitoring, they don't type too well.
I had initially thought it was an issue with toenails.
My experiment with abrasive wheel surface to mitigate toenail growth and improve communication was a disaster.
I almost did not notice the pink hue of the pool water in time.

Currently running 308th generation miner.
The ASIC folks are still on gen 2-3 BTW!

Ahhhhhh, the acrid smell of sucess!

as usual
YMMV

I hear average chinaman so good at math they hash by hand much faster than ASIC..   they laugh and sell miners to stupid roundeyes

[poodle63]

3th right 2 months ago is much better than get 13th 5 months later, game is over for us whom can't build own ASIC miner, the only mistake for us is we are lack of technology, so the way we can do is just awaiting for delivery, and months wait for my miner let me understood, money can let you see through one man's real face.

not because money spoil people, but the way they already were, just you didn't find it yet.

13TH machine at .8 watts GH will make less than $500 in October 19 with Diff at 58 Billion.

But it wont even get that far.  By August at 25 B diff  manufacturers cant build at less than $ .50 GH and .5 watts/GH or less and be profitable.

Hopefully, wait and see, if they can really broke Moore's law.

Bitcoin GREED killed the mining market.  Except for the first few Asic companies, everyone else came too late or underestimated the competition, thats why the "fireworks" will extend past this 4th of July.

My Dear,
I just hope they give me my machine 2 month sge, then there will never so much noise.

[chirppingg]

I've been following this thread for some time now.  And there isn't much talk about Titans.

I'm planning to buy one, can anyone give some more insight?

All I'm seeing here is that ''It might ship broken'' ''It'll die in 4 months from heat''

As far as sending them a bank transfer of $10K, I'll be risking that along with will the machine even work 

Someone stop me before I do it or someone give me a push to do it is what I'm looking for.

With the current rate of Doge or Lite coin.  Let's say I get $400 / 300/MHS that's $12K a month. I'll make it back in a month. Or am I walking into a scam right now.

[poodle63]

if we receive Nipy 5 months ago, we also make 12000/month, but you look at it now~

you math is they ship machine now, and you mine with in 7 days, by the time they ship your Tity is a junk too, like Nipys, don't trust any pre order term anymore, nowadays they just took our money to build their data center.

You know, now they are Noa try to wash out all evile on the earth(us?), and the way took money and not ship is the method, chase out greedy and evile people(us?), then reform a land, and before the floods come, sorry, there is no space on the ship for bad guys(us?)! or we are that new born twins becking for mercy

Angels fallen, Knight 4 wash away evile~  
 

[AFox]

There's one possibility nobody talked about :
KNC produces the Neptunes, puts them in their datacenter, decides to cancel the shipping of the Neptune and Titan and refund everybody with the mined BTC (legally they earned money by keeping the fiat).

I think they will ship on time too, last day of June.  They are just holding out.

You can bet, look at my signature.

[poodle63]

There's one possibility nobody talked about :
KNC produces

I think they will ship on time too,

You can bet, look at my signature.

They aleready have them 2 months ago, just many degrade chipsets, performance is not meet what their claims, the thing you talk about is 100% possible, they gone evile already.

But, once they did this way, virtual currrency also crake down at the same time while they claim to refound all preorders, and who lost more, deftaney not us.

Also, if they do refound, then we just lost interesting, the worsest situration is they don't even plan to refound~  

guess why, 1 batch of 20nm or 28nm wafers, needs at least 30k usd to run, so this is also why they decided to held a data center to mine, too much too lose, ad guess why they change, in the beginning they just want to keep reputation, so not willing to ship degrade chip to customer, but later they found they hoard even more  compare to ship goods, so they changed mind to hold chipsets just mine and depanse, and following story is Spada 400's and 3000 Tity.

And end of the story, every one die except Swedish farmers, what a story happened 2000 years ago in spring gate.

[bbxx]

you have to wait until they mine your refund...

[frank600]

speaking of which - now into the 2nd week of 'a few days' waiting for a BTC refund.

only 5 weeks since initial request...

You are not alone.
I wait now 42 day´s and
changed since 2 weeks to BTC refund 

[raskul]

speaking of which - now into the 2nd week of 'a few days' waiting for a BTC refund.

only 5 weeks since initial request...

You are not alone.
I wait now 42 day´s and
changed since 2 weeks to BTC refund 

perhaps as long as competitors sell their hardware, KfC will hold your money hostage.

[The Avenger]

Say that again when quantum appears one day.

Done! Only $15m price tag. Should break-even by doomsday

http://www.bbc.co.uk/news/science-environment-27264552

[raskul]

Say that again when quantum appears one day.

Done! Only $15m price tag. Should breakeven by doomsday 

http://www.bbc.co.uk/news/science-environment-27264552

how much for an hour's rental mining X11?

[bittawm]

I WANT TO REFUND MY BROKEN SUPER CRAPITER

[smoothrunnings]

There is no long term in btc mining land.  Usefullness of products are now 90 days or less.  We are less than 60 days away from when manufacturers cant even make machines that are profitable to use minus electricity, mining will be a hobby by then.

^^ This ^^

I'm continually stunned when I read things like this (paraphrased for emphasis)... "Oh but KNC are the best! I may have to wait 3 more months for the same amount of THs at a higher price. But my machine will run for 10 years."

And when that machine does finally arrive, it won't even pay for the electricity it uses after the previous 8 or 9 difficulty jumps.

Well at least by then the weather will have started to cool down and you can use your Neptunes as supplemental heat while I struggle to keep my house below 85f during the summer months. 

When people get their FREE Neptune in Sept and diff is 30 B it will ROI $500

Remember the FREE Neptune's for the B1 and B2 owners are going to be from the 3rd batch. And just like KNC has said from day one with all their Neptune batches.

"Minimum 3000GH/s of hashing speed that 3TH Over 5 times the speed of our first Jupiter release (we reserve the right to increase this as we get closer to shipment)"

With that in mind, it will be interesting to see what the actual hashrate of Neptune ends up being.

I agree, and think that people who get on her to say 3TH/s "WHAT!!!" that's too low! Should STOP IT, and go read the print because it there for you to read. LOL

[The Avenger]

I've been following this thread for some time now.  And there isn't much talk about Titans.

I'm planning to buy one, can anyone give some more insight?

The simpliest way to look at it is there is no refunds for Titan. You are basically giving your money to KNC to do whatever they want with it and you cannot get it back. That's a phenomenal risk to take.

If there are delays, then you have no way to get your money back. If they don't ship it until 2016, then there is nothing you can do.

There are already companies shipping asic scrypt miner. Take a look at their offerings. 300gh might look tempting, but not if you get it in 2016. It'll be worthless.

Think this is impossible? BFL have done this multiple times and KNC are very close friends with BFL. I'm sure KNC have being exploring the legality of missing their stated deadlines, so they probably know they can get away with it if their T&C's are worded correctly. The solution with Neptune is to offer datacentre hashrate rather than the actual goods, so they can legally maintain the customer is not losing out.

If you've kept up with this thread, it should be very obvious KNC are not a trustworthy company. You have seen the pictures of those shitty Frankenjups KNC shipped, right? And how they dealt with people, pulling out bits from their T&C's to insist they own no one anything. Many people still haven't got 3TH yet and KNC's 90 day warranty for Frankenjups is getting closer to expiring! What then??

Also remember - scrypt coins are not bitcoin. In Q3, doge could be dead and gone. Litecoin difficulty will be sky high. It's a massive gamble to lay down $10k - the same price as a btc miner - to mine coins worth only a fraction of btc value. People's trust is in Bitcoin - scrypt coins - not so much.

I say Q3 but Q4/2015/2016 are quite possible shipping dates too. If you buy into a "no refunds" product, you have to wait. KNC don't care if you make a profit. They are only interested in taking your money, fulfilling the bare minimum of their obligations and then telling you to fuck off. KNC will make sure they benefit from their technology before you do, it's obvious from building their ASIC datacentre.

In short, KNC have shown nothing but contempt for customers since last October. This year they reach new all time high of deviousness and greed. I would say it's total insanity to order a Titanic from them. They have screwed EVERY SINGLE one of their customers - new and old - with the datacentre. They are competing against the people who gave them the money to exist. The datacenter ensures that Neptune customers are going to get a very poor return on their investment.

That makes them completely untrustworthy. Your money will go to building them a scrypt mining datacentre. You will probably get a product sometime in the future, but most likely when it's no longer profitable.

And your calculations of making your money back in a month are just wrong. There is no way you can make any realistic calculation on what 300gh will be earning in September and September is best case scenario. You need to factor in you are dealing with greedy fraudsters, so September needs to become December or January or April 2015, as a factor of safety. And there is no way you can estimate what earnings will be then.

No one can stop you from buying a Titanic. Maybe KNC will ship it in two weeks and you'll earn a kazillion dollars. I'll leave it to others to convince you how great a Titanic is and how rich you will become. But from my experience of KNC and seeing how they have acted since last October, my feeling is anyone investing in it will lose and only KNC will win. It's their business, they have your money and you have zero power or rights in the deal. Caveat emptor and all that shit.

[5craziest]

I've been following this thread for some time now.  And there isn't much talk about Titans.

I'm planning to buy one, can anyone give some more insight?

All I'm seeing here is that ''It might ship broken'' ''It'll die in 4 months from heat''

As far as sending them a bank transfer of $10K, I'll be risking that along with will the machine even work 

Someone stop me before I do it or someone give me a push to do it is what I'm looking for.

With the current rate of Doge or Lite coin.  Let's say I get $400 / 300/MHS that's $12K a month. I'll make it back in a month. Or am I walking into a scam right now.

I would strongly discourage you from buying a Titan.  The likelihood of you losing a lot of money is very high. 

First of all, just think about it.  You're paying $10k.  That's 2-3x as much as a high end bitcoin miner to hash for coins worth a fraction of the value.  Right now, the bitcoin hashrate is 75,256,195 GH/s.  The litcoin hashrate is only 237,224 MH/s. You can already buy a Gridseed blade and hash at over 5MH for less than a $1000.  That's why the difficulty is rising so fast, and will continue to do so.    KnC is a very smart company as you can see from this thread.  When they complete the first Titan units they will mine with those 300MH units before they are shipped sending the difficulty through the roof.  They're selling (or sold) 2500 first batch units.  Those units by themselves will TRIPLE the current litecoin hashrate. 

That's why the Titan has a strict no refund policy.  With the scrypt asics already proliferating it's very possible these machines won't get a + ROI by the time they are released.  And when the first of these units comes online, the rest of the units will depreciate so fast it will make bitcoin mining look good by comparison

[yelloyello]

The Avenger > respect for your words!