Topic: BitcoinOrama Report on the KnCminer/OrSoC Open-day Mon 10/06/13 (Stockholm) - page 20. (Read 55750 times)

..which is why they're converting their current FPGA chips to ASIC..which is cheaper and faster than designing a custom 28nm chip...

I don't believe that they will deliver 28 nm ASIC out of the blue, the design is exceptionally hard to make and it's very expensive. I'm sure their intentions are good and they don't want to scam anyone, I just don't think they will create a chip of this quality.

Retro, it's cool I know you want to see the answers to your questions. They were asked so you will get them.

I acknowledge I was being optimistic and encouraging prior to visiting them, I don't believe I am now at all, they surpassed even my expectations.  I kissed no one's arse there, and I gave both barrels to Sam. Ask the other attendees we grilled them for 5 hours.

There is a resounding agreement from all that went on this. There hasn't been one negative word. Risks are definitely there, and people need to acknowledge them for what they are, but I can assure you KnC and ORSoC are taking this very seriously and have literally identified whatever point of failure they have control over and created multiple solutions that can be implemented if required.

They are not sourcing parts from any one point of contact. They have multiple live back-ups that will be ensuring a smooth manufacture. If anyone specific part is problematic or the supplier screws up, you will be given solid documentation as evidence, every step of the way.

I didn't however get a chance to wander through the adjoining rooms, the other guys did however on multiple occasions. To give you a better idea, the building you are familiar with the exterior of. ORSoC have an entire floor (the first). It's about 4-5 large rooms. That's the HQ as even though the tech hub is North of Stockholm, having a presence in the city centre is great for business. ORSoC have 3 sites in total, one in each major Swedish city.

I won't upload the transcript as others don't want their voices made public. No one likes to hear the sound of their own voice normally anyway. On top of which there is a load of ambient noise, which makes this harder than I initially imagined. Also, there was a lot discussed 'off the record'. That's not to keep people in the dark, but a more a testament to their openness and honesty as they were happy to answer and share whatever we asked, but I have to respect them as a company that wants to remain competitive. I pushed for their informed opinion on their competitors, they gave it. There were in no way impolite, or negative, they didn't belittle, on the contrary for some they had great appreciation and praise, but these are private thoughts. Sam was certain to state they were 'Sam Cole's' in that instance and not KnC's or ORSoC's, although everyone had their say. They are more than aware their is warranted distrust in the community and a need for clarity and transparency, they gave that, they have promised to continue giving that.

They want a real long-term business in cryptocurrencies, as to be fair do I.

This is the ground floor for an entire blooming industry potentially with as much scope as the Internet itself.

Think about that.

There are many reasons to be optimistic.

Scammers are two a penny, but they are f***ing dumb if they don't see the potential in being credible. I can't say who, but KnC have been approached but scammers asking if they can buy their chips when they are ready as they have so much interest they want to turn legit. Really.

Other things I cannot share or impart are their future plans. In my opinion, that's their property to share. I alluded to aspects, sure, but these guys deserve a fighting chance and dor the record, if they manufacture the ASIC for September they have some very exciting future ideas. Spec for next year. My beleaguering demands for a Litecoin FPGA have not gone unnoticed. Though that's only one aspect I'm prepared to share...

All I can tell you and hopefully you will glean from their own answers as I'm about to sit down now and work through this (despite having a million other things to do day to day), is they appear very competent and knowledgable. They are not promising anything they don't believe they can deliver, having met them, ignoring what I'm imparting upon you, none of the other attendees disagree with this...

Like I said panties in a bunch lol

Yeah whatever buddy. Considering you don't understand the meaning of the word "taint" when used in this context. I'll take nothing you say seriously so stop trying to split hairs and put words in my mouth, it seems comprehension isn't your strong point.

You go ahead and read peoples opinions. I'd rather read facts. I've read plenty of Bitcoinoramas opinions, he has mine, we both know where we stand. I believe he is being overly optimistic, he probably thinks I'm an arse but for all the Jonny come latelys who think I've just had bad things to say about KNC try reading the whole openday thread before running your mouths.

If you had read the whole thread you would probably have learnt nothing you did not already know from what bitcoinarama wrote. He likes them, he liked them from day one. Is this news? No. So forgive me for not wasting my time reading it again. I'll wait for the facts.

Once again Bitcoinorama thanks for taking the time to do this. May I suggest uploading the audio instead of transcribing it? It would save you a lot of time. I could edit it if needs be.

get on a plane and go yourself or HIRE someone you want to go

you are really hitting the top of the bitching scale

Ahhh haha, thought there had to be an alternate meaning...

http://en.wikipedia.org/wiki/Perineum

Terminology · Boundaries · Triangles · Additional imagesThere are a number of slang terms commonly used for this area of the human body, such as gooch, chode/choad, grundle, taint...

taint  
/tānt/
Noun
A trace of a bad or undesirable quality or substance: "the taint of corruption".
Verb
Contaminate or pollute (something).
Synonyms
noun.     stain - blemish - blot - spot - smirch - smear - smudge
verb.     contaminate - pollute - spoil - corrupt - foul - infect


Err should I be aware of how the word translates elsewhere?!

Thank you very much for BitcoinOrama brings information.

You said 'taint'
  

No worries. Look I'm well aware my prior optimisim based upon the reading I did around ORSoC and Sam and Andreas. As well as the email communications I had back and fourth, but believe it or not I always had tried to remain objective, step away and view it as a third party may, the fact is I did take the time out from my own life and eat into the funds I had saved for a 24 hour jaunt and left as confident as any of the other attendees who also deserve credit for getting off their backsides and taking the time to visit.

As far as I'm aware the door isn't closed there, you are more than welcome to meet the guys anytime you want. Obv a prior heads up is fair game, but they are very approachable.

The next bit I shall take more time over, but won't 'taint' it with my 'bias'.

For the record I've always been 'pro' a legitimate company. This is what I see here.

I think Terrahash may do well for the DIY crowd.

I like Avalon, but I don't consider them professional (yet - come on Yifu! )

BFL, well...I want to see them come good, but I find their silence and contempt disturbing. Also there is not way they haven't been purposefully and knowingly dishonest along the way. At the very least w.r.t. to continuous promises of 'two weeks'. There is no excuse for their lack of supporting evidence they could as a genuine company present to back up their claims of numerous delays.

And apparently some do need sheparding from the likes of Cedartec, Cryonics, ASICrigs, etc.

I do not have a sinister alterior motive. These should be exciting times for all involved, we are all part of something positive and proactive in our lifetimes potentially fixing a very corrupt system with social engineering. I don't want to see people burnt long the way, I really don't. There's enough hashrate for all those involved in the forum.

Great post. So many thanks.

I see that you aren't reading everything related to KnC, but you always have a grudge against them (only you know why). He already stated that he bought a Jupiter.

Wow, I din't realize that we, as bitcointalk members, SENT people to KNC.
I would have thrown my hat into the ring.

Oh, holdonaminute, I hear mumbling in the background...

You mean bitcoinorama wasn't SENT?
He paid his own way from the U.K. to Stockholm?

In other words, if it is too difficult to understand that the people that visited KnC were not representing us, but themselves, mining bitcoins might be a venture that is best left to folks with a bit higher mental capacity.
Stick with lottery tickets.


The OP stated that the first post was all recollection.

Someone claims to be interested in dropping a small fortune in bitcoin miners, but happen to be too lazy to read opinions of people that have actually visited the people in whose trust is required with said fortune...
Liar or Fool?

-----------------------

Thanks for the prologue, 'orama.

I look forward to the 'real' report.

it seems so then... 

So, did you buy anything yet?

Mate, if you read the first handful of lines, I stated I was getting down what I remembered off the top of my head whilst it's there. I also stated I was aware everyone was chomping at the bit for me to publish something sooner, rather than later. I also stated there is hours of recording and I asked every question that was asked of me and more. I asked them as they were written, regardless of whether they had been answered before, so I could give you the unadulterated opinion from the horses mouth. I also stated; 5) This keeps the actual Q&A clean and separate from my own opinion. So you can wait for me to drip feed the questions as I dedicate the time that I can afford (I do have a life), whilst that takes place it only made sense that I jotted down what I perceived to a fresh opinion having just been in attendance myself...

10 lines bro, you could have made it that far...

Thanks to all who visited and gave us an inside look in KNC....

I think I'll wait for the abridged version 

Now I know lots of you are going to get your panties in a bunch for me saying this but.....

Could you just post the straight unvarnished answers to the questions. I started reading your post, skipped the Ryanair nonsense then started on the novel that followed, I soon lost the will when I discovered it was another bitcoinorama circle jerk. High on vague assumptions, Low on facts.( Marcus is a perfectionist, living in a James bond lair........really?  )

I appreciate you taking the time out to do this but sending the most Pro/biased/lobbyist for KNCminer on the forum probably wasn't a great idea if we wanted an objective opinion.  Also Bitcoinorams motivations are becoming clearer. He's angling for a job in the bitcoin industry, hopefully with KNC (PR maybe?)so take what he says with a large grain of salt.

Can we please have some facts rather than speculation, assumptions and wishful thinking. Some of us are still considering making this investment and could do with information sans rose tint and varnish.

And before you say it. I should go and do it myself. Believe me I will. I'm looking at purchasing multiple machines and have a couple of friends interested also. I won't be dropping any money utill I've thoroughly checked this out. I was hoping some fundamental questions would have be answered but as of today the are still holes you can drive a bus through.