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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3029134 times)
samsonn25
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June 01, 2014, 08:07:45 PM
 #34301

KNC leading people to believe Q1 launch was a possibility is totally Unethical and UnProfessional.   Q1/Q2

1 Billion difficulty in beginning of January is different that 14 Billion end of June.
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June 01, 2014, 08:25:47 PM
 #34302

Let me start first by saying that recently I haven't been a big fan of KNC either, but seeing the ASIC manufacturers landscape around me I feel extremely lucky to have dealt with them and not Hashfast, Cointerra, BFL, etc. If I have chosen any other path/manufacturer I would have most certainly regretted the investment, but with KNC everything turned out very good, not perfect but very good so far.

Yes, they are greedy and wants to mine as many coins as they can for themselves, but at least there are no bankruptcies and lawsuits involved for the majority of their customers.
They could have been total assholes and held onto these refunds much longer that they did and so give back much less coins with the exchange rate going up again.

I guess what I am trying to say is that the ASIC hardware business is like a mine field with many more bad companies, than good ones and a lot of people in this thread were lucky not to land on the bad manufacturers. At least all of my investments turned very profitable so far.

KNC can suck my A$$, they are shit baggers who held my money for MONTHS, lying about progress and 'legaleesing' the shit out of every one of their 2 updates. And the whole time they are using OUR money to compete with us after stating complete BS lies about NOT mining with more then 5% of their sales. All while claiming my refund had to be USD only to issue in BTC 10 WEEKS later! They could come out with a 20 TH/s machine running on a milli watt/ GH and I would not buy it. F())(&)*CK KNC.
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June 01, 2014, 08:28:43 PM
 #34303

"Well at least we're better then BFL or Hashfast" is NOT good enough for BTC community. KNC needs to starve to death and the fraudsters running it need to do some jail time.
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June 01, 2014, 08:38:55 PM
 #34304

I wonder how much PH in total Sales KnC did.

Including all Jupiter grade and Neptune grade gear. Not delivered, sold.

"We will not mine with more than 5% of the hash rate we sell"


The Avenger
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June 01, 2014, 09:32:02 PM
 #34305

I wonder how much PH in total Sales KnC did.

Including all Jupiter grade and Neptune grade gear. Not delivered, sold.

"We will not mine with more than 5% of the hash rate we sell"

I came up with a good guesstimate of how many October & November units they shipped:
https://bitcointalk.org/index.php?topic=170332.msg6002935;topicseen#msg6002935

Roughly 12000 Jupiters (using 600GH as an average hashrate between Oct & Nov units) ~= 7Petahash

They sold 3600 Neptunes. But with refunds it's hard to believe there are more than half still holding their order. Throw in a handful of broken Frankenjups and let's say it's the equivalent of 2000 Neptunes

Roughly 2000 Neptunes ~= 6Petahash

They are reported hashing ~6-8 Petahash @ Boden.

So they are easily mining with 50% of the entire hashrate they SOLD. They are probably mining with 100% the hashrate they have previously SHIPPED.

Either way, they are 100% liars and guilty of fraud and mispresentation*, i.e. knc's business is criminal.

(*Misrepresentation is a concept in contract law referring to a false statement of fact made by one party to another party, which has the effect of inducing that party into the contract. For example, under certain circumstances, false statements or promises made by a seller of goods regarding the quality or nature of the product that the seller has may constitute misrepresentation. )

"I am not The Avenger"
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samsonn25
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June 01, 2014, 10:58:39 PM
 #34306

Avenger is very good with the numbers.  We know for every mercury, Saturn and Jupiter it was at least sell 1 and build 1-2 for their farm. Neptune's are similar story. I figure they are accounting for at least 13-15 PH to system now.
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June 01, 2014, 10:58:47 PM
 #34307

I wonder how much PH in total Sales KnC did.

Including all Jupiter grade and Neptune grade gear. Not delivered, sold.

"We will not mine with more than 5% of the hash rate we sell"

I came up with a good guesstimate of how many October & November units they shipped:
https://bitcointalk.org/index.php?topic=170332.msg6002935;topicseen#msg6002935

Roughly 12000 Jupiters (using 600GH as an average hashrate between Oct & Nov units) ~= 7Petahash

They sold 3600 Neptunes. But with refunds it's hard to believe there are more than half still holding their order. Throw in a handful of broken Frankenjups and let's say it's the equivalent of 2000 Neptunes

Roughly 2000 Neptunes ~= 6Petahash

They are reported hashing ~6-8 Petahash @ Boden.

So they are easily mining with 50% of the entire hashrate they SOLD. They are probably mining with 100% the hashrate they have previously SHIPPED.

Either way, they are 100% liars and guilty of fraud and mispresentation*, i.e. knc's business is criminal.

(*Misrepresentation is a concept in contract law referring to a false statement of fact made by one party to another party, which has the effect of inducing that party into the contract. For example, under certain circumstances, false statements or promises made by a seller of goods regarding the quality or nature of the product that the seller has may constitute misrepresentation. )

Ah but its nothing to do with shipped, its specifically "sold".

Do we really know what they sold, we don't know what was sold to big cloud farms or private farms etc, whats not disclosed, hell even the full number of publicly sold miners isn't really known.

So your rough, back of a napkin guestimate could be a way far of the mark, no-one really knows.

8 PH + 10.8PH of known sales is what, near 20PH or nearer 30PH if you take into account the 6TH Neptune is. So 20% of the "known" hash rate

And their mining hasnt really affected much in the way of the value or difficulty of bitcoin if you look at the data, difficulty is slowing down long term, and the price is going up again.

You got a slightly slower,  miner than the vast majority of people sure, it soured your experience, its understandable you would be bitter, but you gotta get off the hobby horse man it'll chew you up inside. All this venom and bile over something that doesn't really affect you. I know, I know, you want to be the one to say "I took down KnC" "Without me you would all be worse off"

The only thing KnC has done wrong so far is screwed up the Frankenjupe packing and shipping, which was a disaster. (Mind you their packaging prowess has always been borderline rubbish) and they are just too late to the game with Neptune. At least they are paying out (albeit slowly) refunds. And people are then free to get whatever they want with their spondoolies (joke) Smiley

But to paint them as "OMG@!@!!! 100% liars and guilty of massive fraud, and scammers, mommy!" is just bull.

IMHO

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June 02, 2014, 12:11:12 AM
 #34308

^^ A case of Stockholm Syndrome perhaps?
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June 02, 2014, 12:18:55 AM
 #34309

I wonder how much PH in total Sales KnC did.

Including all Jupiter grade and Neptune grade gear. Not delivered, sold.

"We will not mine with more than 5% of the hash rate we sell"

I came up with a good guesstimate of how many October & November units they shipped:
https://bitcointalk.org/index.php?topic=170332.msg6002935;topicseen#msg6002935

Roughly 12000 Jupiters (using 600GH as an average hashrate between Oct & Nov units) ~= 7Petahash

They sold 3600 Neptunes. But with refunds it's hard to believe there are more than half still holding their order. Throw in a handful of broken Frankenjups and let's say it's the equivalent of 2000 Neptunes

Roughly 2000 Neptunes ~= 6Petahash

They are reported hashing ~6-8 Petahash @ Boden.

So they are easily mining with 50% of the entire hashrate they SOLD. They are probably mining with 100% the hashrate they have previously SHIPPED.

Either way, they are 100% liars and guilty of fraud and mispresentation*, i.e. knc's business is criminal.

(*Misrepresentation is a concept in contract law referring to a false statement of fact made by one party to another party, which has the effect of inducing that party into the contract. For example, under certain circumstances, false statements or promises made by a seller of goods regarding the quality or nature of the product that the seller has may constitute misrepresentation. )

Ah but its nothing to do with shipped, its specifically "sold".

Do we really know what they sold, we don't know what was sold to big cloud farms or private farms etc, whats not disclosed, hell even the full number of publicly sold miners isn't really known.

So your rough, back of a napkin guestimate could be a way far of the mark, no-one really knows.

8 PH + 10.8PH of known sales is what, near 20PH or nearer 30PH if you take into account the 6TH Neptune is. So 20% of the "known" hash rate

And their mining hasnt really affected much in the way of the value or difficulty of bitcoin if you look at the data, difficulty is slowing down long term, and the price is going up again.

You got a slightly slower,  miner than the vast majority of people sure, it soured your experience, its understandable you would be bitter, but you gotta get off the hobby horse man it'll chew you up inside. All this venom and bile over something that doesn't really affect you. I know, I know, you want to be the one to say "I took down KnC" "Without me you would all be worse off"

The only thing KnC has done wrong so far is screwed up the Frankenjupe packing and shipping, which was a disaster. (Mind you their packaging prowess has always been borderline rubbish) and they are just too late to the game with Neptune. At least they are paying out (albeit slowly) refunds. And people are then free to get whatever they want with their spondoolies (joke) Smiley

But to paint them as "OMG@!@!!! 100% liars and guilty of massive fraud, and scammers, mommy!" is just bull.

IMHO

There is this one 7,000+ mega-pharm - one of three - they operated on the same property Facebook owns at The Node Pole.
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June 02, 2014, 01:40:36 AM
 #34310

Let me start first by saying that recently I haven't been a big fan of KNC either, but seeing the ASIC manufacturers landscape around me I feel extremely lucky to have dealt with them and not Hashfast, Cointerra, BFL, etc. If I have chosen any other path/manufacturer I would have most certainly regretted the investment, but with KNC everything turned out very good, not perfect but very good so far.

Yes, they are greedy and wants to mine as many coins as they can for themselves, but at least there are no bankruptcies and lawsuits involved for the majority of their customers.
They could have been total assholes and held onto these refunds much longer that they did and so give back much less coins with the exchange rate going up again.

I guess what I am trying to say is that the ASIC hardware business is like a mine field with many more bad companies, than good ones and a lot of people in this thread were lucky not to land on the bad manufacturers. At least all of my investments turned very profitable so far.

 Don't be mistaken!  Bonitas non est pessimis esse meliorem.
To be better than the worst is not goodness.
I believe we have yet to see a "good" hardware company.
 

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June 02, 2014, 02:30:40 AM
 #34311

^^ A case of Stockholm Syndrome perhaps?

+1

That guy has been beaten with the idiot stick, A liar is just that a LIAR. Little Liar, Big Liar, blue Liar, Red Liar...

ALL LIARS! KNC == 100% Shit Bagging Scammers of the scummiest kind.
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June 02, 2014, 03:12:55 AM
 #34312

remember kids... no need for 8 VRMS!!!   it is overkill..  totally excess and will never be used


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June 02, 2014, 03:36:59 AM
 #34313


Ah but its nothing to do with shipped, its specifically "sold".

Do we really know what they sold, we don't know what was sold to big cloud farms or private farms etc, whats not disclosed, hell even the full number of publicly sold miners isn't really known.

So your rough, back of a napkin guestimate could be a way far of the mark, no-one really knows.

8 PH + 10.8PH of known sales is what, near 20PH or nearer 30PH if you take into account the 6TH Neptune is. So 20% of the "known" hash rate

And their mining hasnt really affected much in the way of the value or difficulty of bitcoin if you look at the data, difficulty is slowing down long term, and the price is going up again.

You got a slightly slower,  miner than the vast majority of people sure, it soured your experience, its understandable you would be bitter, but you gotta get off the hobby horse man it'll chew you up inside. All this venom and bile over something that doesn't really affect you. I know, I know, you want to be the one to say "I took down KnC" "Without me you would all be worse off"

The only thing KnC has done wrong so far is screwed up the Frankenjupe packing and shipping, which was a disaster. (Mind you their packaging prowess has always been borderline rubbish) and they are just too late to the game with Neptune. At least they are paying out (albeit slowly) refunds. And people are then free to get whatever they want with their spondoolies (joke) Smiley

But to paint them as "OMG@!@!!! 100% liars and guilty of massive fraud, and scammers, mommy!" is just bull.

IMHO

 There is nothing "humble" about your reply but it does smack of ignorance and arrogance.
Bitcoin difficulty is not slowing down and KNC has missed 100% of it's delivery dates so far and it doesn't look as though they plan to make the Neptune delivery stick the landing either.
 Don't fool yourself - they've done a lot of things wrong.

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June 02, 2014, 04:35:34 AM
 #34314

I've given up caring about this a long time ago.  I'm just trading now for BTC.  Mining Bitcoin for the average person at a price that isn't rape is done for.  It is in the hands of the wealthy elite now.

Scrypt coins are about to suck too.  There are more ASIC's ready to come online for Scrypt than there were pre-orders for BFL 65nm

If you want to continue mining you guys should switch to x11 algo coins.
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June 02, 2014, 06:15:56 AM
 #34315

I've given up caring about this a long time ago.  I'm just trading now for BTC.  Mining Bitcoin for the average person at a price that isn't rape is done for.  It is in the hands of the wealthy elite now.

Scrypt coins are about to suck too.  There are more ASIC's ready to come online for Scrypt than there were pre-orders for BFL 65nm

If you want to continue mining you guys should switch to x11 algo coins.

i'm led to believe there are asics for x11 now too. recently launched SyncCoin had the best part of 300GH/s on it through the PoW phase. Every new X11 is getting insane network hash; and ddos's on pools at launch in attempt to instamine. Those titans are gonna be cutting it fine, even if they get them out in august. Alpha-Tech have upped the spec on their things, and gridseed are devising bigger rigs every week.

altcoins are perfect vehicles to assist money laundering, and as a result, they are seeing more and more heavy mining.

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June 02, 2014, 07:50:25 AM
 #34316

remember kids... no need for 8 VRMS!!!   it is overkill..  totally excess and will never be used



I had two a 4 VRM Jupiter that worked and fine and is still going strong according to the guy I sold it to, clocked to 640GH and ran at that speed 24/7 from the day I bought it.

I still have one November Jupiter thats hashing at over 830GH/s in the summer heat and doesn't skip a beat. Smiley


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June 02, 2014, 07:51:53 AM
 #34317

^^ A case of Stockholm Syndrome perhaps?

I have no current orders with KnC Tongue and you KNOW I buy from nearly all the manufacturers.  Roll Eyes


IMHO

 There is nothing "humble" about your reply but it does smack of ignorance and arrogance.
Bitcoin difficulty is not slowing down and KNC has missed 100% of it's delivery dates so far and it doesn't look as though they plan to make the Neptune delivery stick the landing either.
 Don't fool yourself - they've done a lot of things wrong.


Honest/Humble, mine is as much as anyone elses. Get off your high horse Tongue

They missed their October delivery by a few days ffs, oh heavens to betsy, lets string them up. Neptune I don't give a shit about its too late even if it is on schedule.

Regarding difficulty, I never said its not stopped increasing, I said its actually slowing down.

Difficulty has slowed down, look at the numbers, the % increases went from 30-40% in late 2013 and slowly tapered down between 10%-14% in April-May 2014.

And the daily computational growth of the network overall has been slowing down even more drastically. http://bitcoin.sipa.be/growth.png


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June 02, 2014, 10:01:35 AM
 #34318

Sum of all makers on the market, all of them will and already ship miners to users and held their own farm, estimate diff will rise another 25% before this July, so day for us house hold mining bitcoin was doomed before end of Aug, unless you have more than 15th, otherwise game over soon.



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June 02, 2014, 10:10:44 AM
 #34319

New update: https://www.kncminer.com/news/news-90

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June 02, 2014, 10:11:38 AM
 #34320


that's refunds out the window now then.

they'll tell you that ^ is 'in production'

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