Swedish ASIC miner company kncminer.com

[The Avenger]

Despite the constant bitching in this thread there is exactly zero data to show that they violated their miner protection guarantee during the period in which it was supposed to be relevant.

Someone dig out the photo of the knc datorhall for this bozo, so he can see knc totally violated everything they "guaranteed" their customers. And some.

Yeah it's well known what they did during that period, they even pretty much smiled, winked and shrugged it off once it was widely known.

They've pissed and crapped on a lot of people over the months, and they've begun to deliver a seemingly functional product now. There's good and bad.

Got three people saying they have faulty rigs here, so "functional" is yet to be proved:
http://forum.kncminer.com/forum/main-category/hardware/47688-neptune-here-but-not-working

But for the best laugh of the day:
http://www.coindesk.com/kncminer-responds-customer-backlash-deceptive-compensation-scheme/

Sham Cole: “We are giving people free money and way above what they paid for. We try our best but it’s going to be impossible to make everyone happy,” he concluded.

Yeah, giving away free money you literally stole from people with your datorhall.

It seems the self-delusion isn't just reserved for those buying rigs  

[xstr8guy]

Neptune's arrived about five minutes ago - Batch#1 order paid for on the 26th November.

I'll let you guys know how they perform! Even though they are late (very late) I am a bit excited :-D



If it is preconfigured with any pool details I will let everyone know.

Coins per 24h at these conditions 0.1121 BTC
How much did you spend on it

In total 13 BTC at $900 per BTC (inc. shipping / taxes).

I've already bought back the 13 BTC at $500, I'm expecting the miner to ROI around 6 months on its own BTC investment but I also enjoy mining and it opens up opportunities for getting some returns on alt's from time to time.

Sorry but you wont make a roi in 6 months, the next difficulty jump is 13 to 17 so how do you work out 6 months to return your money?

agreed...but...
it's already nearly 30% with 4 and 1/2 days to go....     how'd you get 13 to 17?

https://bitcoinwisdom.com/bitcoin/difficulty

clearly says 28.8

Estimated Next Difficulty:   17,351,720,663 (+28.89%)

the 28.89 is the change from 13 to 17 is how much in percentage

no, 28.89 means the estimated next diffchange is upping by at least 28.9%, period....
soon to be higher
I have no clue where you are calculating this 13-17%?

You really are dense. He means 13 billion to 17 billion not percent.

Oops, late to the party. Nevermind.

[samsonn25]

@ Phoenix

Most residential AC has 2 phases/legs installed.

All you need to 'make' 220 is a doublewide breaker.
(the phases are staggered and every other breaker is on same leg)
Exception is 3 phase industrial panels where it is every third breaker.
In fact most double wide breakers are 2 single breakers screwed together with the switch levers connected.

If you have a voltmeter and long extension cord you can prove it to yourself.
Just plug in the cord and measure from cord hot to outlet hot.
(hot is small prong/hole in US outlets)
Same phase, hot 2 hot = 0 volts.
Different phase, hot 2 hot = >220 volts.

The main REASON a miner would insist on 220 is efficiency.
A >220 PSU is often 10% more efficient at making 12VDC (depends on model)

I'd guess you have 220 and don't know it.
I don't claim to know what service is installed in Volcano, HI. though.


YMMV

And also 220v is slightly very slightly more effective at carrying the power through the wiring as there is less resistence with higher voltage.

The main reason the US has 120 ac is because the voltage cant kill someone as 220 can if they get shocked.

[xhomerx10]

I guess the big question I have for those who have received their Neptune's in the US and in Canada (if there aren't Canadian's other than myself in this thread) did you have to pay duty if so how how much?

Thanks,

 You don't have to pay duty but you have to pay the HST @ 13% of the declared value after converting to CAD which is a real downer since our dollar plummeted against the USD since last NOV.  I've had to pay this one every miner I've purchased... yes I got BFL'd.
 

[Airwhale]

As someone who isn't an obvious shill or troll,  I also agree.  The 2-1 thing and extra neptune being exclusive was outright deceptive.  

Oh yeah, add that to the list too.

Or not, since they let people switch back who had signed up for the cloud hashing.  Deception requires intent, which you should be fully cognizant of as the prevaricating troll that you are.

This isn't about if people can change their choice for cloud hashing.  This is about having to make the choice at all.
 
I read the KnC Plan B and 2 for one as being inclusive with each other when KnC brought them out a few months ago.  They only told people they were exclusive once it was too late to refund.  Did you realize that customers were going to have to choose one or the other?  There are people on the KnC boards complaining that they would have refunded if they were going to be forced to choose.

People were also expecting HWYW to go online at the beginning of the month,  as batch 1 was supposed to go out a month before batch 2. Thus,  many people (myself included)  view KNC as being late for batch 0/1.  People were withholding refunds because they felt KNC had good intentions towards their customers.

At the very least, there was incredibly bad communication.  I don't think it is proveable that they were lieing,  but I think if they were a US company and a customer sued them for a refund,  the customer would win.  

You really think I am a troll?  You don't think that is a valid complaint?  

[s1gs3gv]

As someone who isn't an obvious shill or troll,  I also agree.  The 2-1 thing and extra neptune being exclusive was outright deceptive.  

Indeed. Deceptive practices seem the rule rather than the exception in the bitcoin world. It does not bode will for the success of bitcoin.

[xhomerx10]

@ Phoenix

Most residential AC has 2 phases/legs installed.

All you need to 'make' 220 is a doublewide breaker.
(the phases are staggered and every other breaker is on same leg)
Exception is 3 phase industrial panels where it is every third breaker.
In fact most double wide breakers are 2 single breakers screwed together with the switch levers connected.

If you have a voltmeter and long extension cord you can prove it to yourself.
Just plug in the cord and measure from cord hot to outlet hot.
(hot is small prong/hole in US outlets)
Same phase, hot 2 hot = 0 volts.
Different phase, hot 2 hot = >220 volts.

The main REASON a miner would insist on 220 is efficiency.
A >220 PSU is often 10% more efficient at making 12VDC (depends on model)

I'd guess you have 220 and don't know it.
I don't claim to know what service is installed in Volcano, HI. though.


YMMV

And also 220v is slightly very slightly more effective at carrying the power through the wiring as there is less resistence with higher voltage.

The main reason the US has 120 ac is because the voltage cant kill someone as 220 can if they get shocked.

 Line losses due to joule heating are proportional to I²R so if you double the current (which you would with 110V as opposed to using 220V) you quadruple your line losses.  So let's say you have a run of seventy feet of 14 awg copper wire and you run an 1800 watt miner on a 120V circuit.  Your losses would be about 2.5% or about 45 watts.   Run the same miner on the same circuit @ 240V and your losses are about 0.6% or 11 watts.

[shmadz]

As someone who isn't an obvious shill or troll,  I also agree.  The 2-1 thing and extra neptune being exclusive was outright deceptive.  

Indeed. Deceptive practices seem the rule rather than the exception in the bitcoin world. It does not bode will for the success of bitcoin.

meh, if they improve on the design by batch 3, (which I expect they will) then getting a neppy tomorrow and getting another better one some ? months from now for 11 bitcoin? meh, I'll take it - maybe I'm just a die-hard miner)

== however == if they improve to the point that they only ship 4 module neppy's instead of 5 module ones in batch 3 because "it's still 3 TH's" then the gloves will come off.

*edit* forget neptune, should have called this the octopus.

[tolip_wen]

Got three people saying they have faulty rigs here, so "functional" is yet to be proved:
http://forum.kncminer.com/forum/main-category/hardware/47688-neptune-here-but-not-working

The link you posted seems to indicate an issue with power supplies not ASIC's.
Your statement that they claim 'faulty rigs' is not supported by your link.
Although the issues are related.

YMMV

[faetos]

As someone who isn't an obvious shill or troll,  I also agree.  The 2-1 thing and extra neptune being exclusive was outright deceptive. 

Indeed. Deceptive practices seem the rule rather than the exception in the bitcoin world. It does not bode will for the success of bitcoin.

The article on arstechnica that got slashdotted was just full of bitcoin manufacturers, service vendors, and trading houses and the like are just shady MFs. The comments are just as ignorant, but unfortunately that's the perception and what grabs news headlines. If this industry is ever going to prosper then we need to get smarter as consumers and business owners and support honest, decent businesses and conduct ourselves in the same manner. Otherwise, this industry will never get the respect it deserves and never leave the realm of hobbyists.

[shmadz]

As someone who isn't an obvious shill or troll,  I also agree.  The 2-1 thing and extra neptune being exclusive was outright deceptive.  

Indeed. Deceptive practices seem the rule rather than the exception in the bitcoin world. It does not bode will for the success of bitcoin.

The article on arstechnica that got slashdotted was just full of bitcoin manufacturers, service vendors, and trading houses and the like are just shady MFs. The comments are just as ignorant, but unfortunately that's the perception and what grabs news headlines. If this industry is ever going to prosper then we need to get smarter as consumers and business owners and support honest, decent businesses and conduct ourselves in the same manner. Otherwise, this industry will never get the respect it deserves and never leave the realm of hobbyists.

huh?

I hope it never leaves the realm of hobbyists. Ambitious hobbyists? perhaps, but hobbyists nonetheless.

too bad it feels like that ship has already sailed....  

if you want bitcoin I fear you will have to buy it from now on.

not completely a bad thing as it (commercial mining farms) could keep the price down for a long enough time frame that a larger percentage of the public can get on the train.

the more people that are aboard, the further the train can go.

[xstr8guy]

As someone who isn't an obvious shill or troll,  I also agree.  The 2-1 thing and extra neptune being exclusive was outright deceptive.  

Indeed. Deceptive practices seem the rule rather than the exception in the bitcoin world. It does not bode will for the success of bitcoin.

The article on arstechnica that got slashdotted was just full of bitcoin manufacturers, service vendors, and trading houses and the like are just shady MFs. The comments are just as ignorant, but unfortunately that's the perception and what grabs news headlines. If this industry is ever going to prosper then we need to get smarter as consumers and business owners and support honest, decent businesses and conduct ourselves in the same manner. Otherwise, this industry will never get the respect it deserves and never leave the realm of hobbyists.

huh?

I hope it never leaves the realm of hobbyists. Ambitious hobbyists? perhaps, but hobbyists nonetheless.

too bad it feels like that ship has already sailed.... 

Meh, (ill-informed) hobbyists will still exist. Go read the Rbox and S3 threads. They're still excited about 300-500GHs units.

But yes, profitable @home mining is gasping it's last breath if not already dead.

[shmadz]

As someone who isn't an obvious shill or troll,  I also agree.  The 2-1 thing and extra neptune being exclusive was outright deceptive.  

Indeed. Deceptive practices seem the rule rather than the exception in the bitcoin world. It does not bode will for the success of bitcoin.

The article on arstechnica that got slashdotted was just full of bitcoin manufacturers, service vendors, and trading houses and the like are just shady MFs. The comments are just as ignorant, but unfortunately that's the perception and what grabs news headlines. If this industry is ever going to prosper then we need to get smarter as consumers and business owners and support honest, decent businesses and conduct ourselves in the same manner. Otherwise, this industry will never get the respect it deserves and never leave the realm of hobbyists.

huh?

I hope it never leaves the realm of hobbyists. Ambitious hobbyists? perhaps, but hobbyists nonetheless.

too bad it feels like that ship has already sailed.... 

Meh, (ill-informed) hobbyists will still exist. Go read the Rbox and S3 threads. They're still excited about 300-500GHs units.

But yes, profitable @home mining is gasping it's last breath if not already dead.

gasping in the heat! yeah, I turned off all my miners today just to take a bitcoin vacation and enjoy a nice, quiet, cool apartment...

it lasted about an hour.

[xstr8guy]

As someone who isn't an obvious shill or troll,  I also agree.  The 2-1 thing and extra neptune being exclusive was outright deceptive.  

Indeed. Deceptive practices seem the rule rather than the exception in the bitcoin world. It does not bode will for the success of bitcoin.

The article on arstechnica that got slashdotted was just full of bitcoin manufacturers, service vendors, and trading houses and the like are just shady MFs. The comments are just as ignorant, but unfortunately that's the perception and what grabs news headlines. If this industry is ever going to prosper then we need to get smarter as consumers and business owners and support honest, decent businesses and conduct ourselves in the same manner. Otherwise, this industry will never get the respect it deserves and never leave the realm of hobbyists.

huh?

I hope it never leaves the realm of hobbyists. Ambitious hobbyists? perhaps, but hobbyists nonetheless.

too bad it feels like that ship has already sailed.... 

Meh, (ill-informed) hobbyists will still exist. Go read the Rbox and S3 threads. They're still excited about 300-500GHs units.

But yes, profitable @home mining is gasping it's last breath if not already dead.

gasping in the heat! yeah, I turned off all my miners today just to take a bitcoin vacation and enjoy a nice, quiet, cool apartment...

it lasted about an hour.

Oh god, I'm so tempted to do the same. I'm typing this while sitting in my pool!  It's 100 outside but the pool feels great compared to the 85f in the house. My A/C just can't keep up during daylight hours.

[faetos]

As someone who isn't an obvious shill or troll,  I also agree.  The 2-1 thing and extra neptune being exclusive was outright deceptive. 

Indeed. Deceptive practices seem the rule rather than the exception in the bitcoin world. It does not bode will for the success of bitcoin.

The article on arstechnica that got slashdotted was just full of bitcoin manufacturers, service vendors, and trading houses and the like are just shady MFs. The comments are just as ignorant, but unfortunately that's the perception and what grabs news headlines. If this industry is ever going to prosper then we need to get smarter as consumers and business owners and support honest, decent businesses and conduct ourselves in the same manner. Otherwise, this industry will never get the respect it deserves and never leave the realm of hobbyists.

huh?

I hope it never leaves the realm of hobbyists. Ambitious hobbyists? perhaps, but hobbyists nonetheless.

too bad it feels like that ship has already sailed.... 

Meh, (ill-informed) hobbyists will still exist. Go read the Rbox and S3 threads. They're still excited about 300-500GHs units.

But yes, profitable @home mining is gasping it's last breath if not already dead.

gasping in the heat! yeah, I turned off all my miners today just to take a bitcoin vacation and enjoy a nice, quiet, cool apartment...

it lasted about an hour.

There's always room for hobbyists for sure, but this industry needs some solid, reliable manufacturers and services for it to survive and prosper. Anyway, sorry, this is getting OT from the main KnC trolling and shilling. Please continue

[rograz]

== however == if they improve to the point that they only ship 4 module neppy's instead of 5 module ones in batch 3 because "it's still 3 TH's" then the gloves will come off.

This is pretty much guaranteed to happen in some way, there is no way they are gonna send 3 fully working boxes to the half neptune customers. They will either get 2 OCd/binned units or if thats not a possibility they will get some half broken/under performing units, KNC will not be giving hashrate away!

[shmadz]

I guess the big question I have for those who have received their Neptune's in the US and in Canada (if there aren't Canadian's other than myself in this thread) did you have to pay duty if so how how much?

Thanks,

 You don't have to pay duty but you have to pay the HST @ 13% of the declared value after converting to CAD which is a real downer since our dollar plummeted against the USD since last NOV.  I've had to pay this one every miner I've purchased... yes I got BFL'd.
 

depends what province.

Alberta should pay 5% GST only.

*edit* plus probably some kind of brokerage fee

[vesperwillow]

Bedroom? How old are you? Do you just rent a room or a house or something? You have BIG balls if you are going to run an SP30 in a room. First it's huge. Double the size of the SP10 and weighs quite a bit. When shipped, it is considered "freight" and not a package because it weighs so much. I have 100 amp service, could get away with running my SP10 but the noise was too much. I can just see you....when trying to wash clothes have to turn the miners off, then switch back real quick after the last load. Is you stove electric to? Yikes, can't make that mac-n-cheese when mining away!

100 amps isn't really much, I had that running in a tiny GPU farm in a small office. With the right cooling in place, it was nearly silent. If someone wanted to run an SP30 in a bedroom, I'm sure they could do it, and with the right mods it could be done well.

Not sure where you are in the world, but most american homes use 200-300 amp service.

Newer homes  built in the US are more efficient and don't require amperage like the in the past. That's why you see 100 AMP service for a normal size 3 bedroom 2 bath house now. My house was built in the year 2000, which is considered new in the housing world and came with 100amp service. If the house was 20 years old, I bet it would have 200-300 amp panel in the basement.

It depends on the area and what the house is capable of supporting as well. There's no universal standard for what it will come with. The last house I was in had a 240 or 260 amp service, and one of my friend's recently built houses had 200 despite being under 2000sq/ft. YMMV.

TBH I've never seen just 100amp in a 3br/2bth, new or old.

[Syke]

Wow, you demonstrate your stupidity very thoroughly here. They promised not to mine with not more than 5% of what they SOLD, not 5% of the entire bitcoin network.

The "promise" is still being made, even today.

https://www.kncminer.com/pages/faq

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

[vesperwillow]

Wow, you demonstrate your stupidity very thoroughly here. They promised not to mine with not more than 5% of what they SOLD, not 5% of the entire bitcoin network.

The "promise" is still being made, even today.

https://www.kncminer.com/pages/faq

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

Haha, wow they're still touting that garbage?