Topic: Is it still worth it to buy the KNC Jupiter? - page 2. (Read 5090 times)
You´re correct. However, you can't override law in your terms and conditions. Unless you have presented business credentials when you bought the device (vat no, business id, etc) standard consumer law stands (double checked with the our consumer agency) and EU directives as well.
That EU law (distant selling) is when dealing with consumers. Private buyers only, not bussiness.
KnC 'Terms and Conditions' states, they are selling to bussiness only, and then there is no consumer protection, and no 'cooling off' period.
https://www.kncminer.com/pages/tandc
KnC 'Terms and Conditions' states, they are selling to bussiness only, and then there is no consumer protection, and no 'cooling off' period.
https://www.kncminer.com/pages/tandc
First and foremost they are under Swedish law. We have an open return law in Sweden of 14 days after delivery when buying goods over internet and/or telephone. You have a right to cancel any order for refund which has not been delivered in timely fashion from promised delivery date. 1 year warranty, free repair or exchange if goods fault within the first six months. We have a very capable state consumer agency that can help anyone if they have any trouble ( http://www.konsumentverket.se/otherlanguages/English/About-the-Swedish-Consumer-Agency/ ). So you are well protected when buying from a Swedish company (which is ultimately why I bought from them).
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What is their refund policy btw? I couldn't find it anywhere.
me neitherOf course, they don't deal with consumers, they are selling for bussiness use only!
https://www.kncminer.com/pages/tandc
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1.2 The Products are sold for business use only and Purchaser hereby accepts that it has purchased the Products in order to conduct a business.
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5. Returns
5.1 Returns are only accepted upon the prior approval of KnCMiner. In the event of a return, KnCMiner is entitled to make deductions due to any deficiencies. KnCMiner is entitled to request and require the Purchaser to grant KnCMiner opportunity to conduct inspection of the Products prior to accepting a return. Any return cost will be charged to the Purchaser, unless the return has been subject to the prior approval of KnCMiner.
What that really means is there are no refunds. Or, as US companies are saying 'all sales are final'. 1.2 The Products are sold for business use only and Purchaser hereby accepts that it has purchased the Products in order to conduct a business.
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5. Returns
5.1 Returns are only accepted upon the prior approval of KnCMiner. In the event of a return, KnCMiner is entitled to make deductions due to any deficiencies. KnCMiner is entitled to request and require the Purchaser to grant KnCMiner opportunity to conduct inspection of the Products prior to accepting a return. Any return cost will be charged to the Purchaser, unless the return has been subject to the prior approval of KnCMiner.
Very insightful. I've done the calculation and it seems that KNC Jupiter is still a pretty good investment.
Im still debating that, I looked at buying say 3 x Jupiter (I have one on order now) and still with all 4 the return with shipping dates from October doesn't seem worth it if you run the ROI calcs until they are no longer covering electric. I still think I am better of just holding bitcoins and waiting to see what happens. Thats just me though
i placed an order for mercury, but i have not paid yet, i'm still puzzling about if first i get roi ...
october shipping
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What is their refund policy btw? I couldn't find it anywhere.
me neither
I would guess knc will be late to the game because they've chosen such a small fab size to work with. Bitfury already appears to have mature 55 nm process that's offering the same efficiency as they advertise.
Once the price of BTC drops below $50 it's potentially more profitable to just buy BTC instead of ordering a Jupiter and hoping it will ship on time. And looking at the charts it doesn't seem that unlikely to dip below $50 this Summer. Either way waiting for lower prices is less risky imo and probably the better choice overall. That said I do have a Jupiter on pre-order, but I will get a refund if price drops below $50 and buy BTC instead.
What is their refund policy btw? I couldn't find it anywhere.
Once the price of BTC drops below $50 it's potentially more profitable to just buy BTC instead of ordering a Jupiter and hoping it will ship on time. And looking at the charts it doesn't seem that unlikely to dip below $50 this Summer. Either way waiting for lower prices is less risky imo and probably the better choice overall. That said I do have a Jupiter on pre-order, but I will get a refund if price drops below $50 and buy BTC instead.
Even from ORSoc's word, where is the actual first push? Currently only few provide. Regardless it is, the dynamic chart may be bad idea at a moment so better buy shares instead of buying actual one.
Bitly its yours mate, but as im October shipping you wont get much further ahead in the que so will prob come to the same conclusion as me!
It's pretty simple, if they delivered the advertised performance on the advertised dates, then yes, it's still worth it.
As I think that is an extraordinarily unlikely scenario - no, it's not worth it for me.
As I think that is an extraordinarily unlikely scenario - no, it's not worth it for me.
Selling the one you have on order to me then? : 
Im still debating that, I looked at buying say 3 x Jupiter (I have one on order now) and still with all 4 the return with shipping dates from October doesn't seem worth it if you run the ROI calcs until they are no longer covering electric. I still think I am better of just holding bitcoins and waiting to see what happens. Thats just me though
Very insightful. I've done the calculation and it seems that KNC Jupiter is still a pretty good investment.
Im still debating that, I looked at buying say 3 x Jupiter (I have one on order now) and still with all 4 the return with shipping dates from October doesn't seem worth it if you run the ROI calcs until they are no longer covering electric. I still think I am better of just holding bitcoins and waiting to see what happens. Thats just me though
Very insightful. I've done the calculation and it seems that KNC Jupiter is still a pretty good investment.
Im still debating that, I looked at buying say 3 x Jupiter (I have one on order now) and still with all 4 the return with shipping dates from October doesn't seem worth it if you run the ROI calcs until they are no longer covering electric. I still think I am better of just holding bitcoins and waiting to see what happens. Thats just me though
The better question is not roi, but when will knc get their product out the door. September seems overly optimistic.
This too is a valid point. BFL rigs were probably great ROI when they were announced, but if you count in the delivery delay, ROI is greatly reduced. KNC hasn't shipped any ASICs before, so it remains to be seen if they can meet their delivery targets.
The better question is not roi, but when will knc get their product out the door. September seems overly optimistic.
Very insightful. I've done the calculation and it seems that KNC Jupiter is still a pretty good investment.
I was trying to place an order but couldn't seem to be able to pay through Paypal though.
For how much? The value of the mining rig will be inversely proportional to the difficulty. If the difficulty doubles, people will be willing to pay half of what they are willing to pay today. Unlike GPUs, which have a very popular alternative purpose (gaming) and retain a lot of resale value because of it, ASIC miners are solely for mining. If that isn't profitable, the miner won't be worth much.
I'm not saying that all ASICs are bad investments. Just be careful and run some numbers on pessimistic scenarios to see what your expected returns are. ASICs aren't get-rich-quick-machines.
I was trying to place an order but couldn't seem to be able to pay through Paypal though.
I think no matter what Rig you decide to go with it will be worth it in the long run. Just get the best value for your investment and don't worry about ROI.
Nonsense, unless you want to randomly throw away money, ROI is very important. Difficulty will rise and it is not outside the realm of possibilities that some of these devices will not make you any profit. Problem is predicting future difficulty. If KNC ships in september, then that's 4-6 difficulty adjustments away from today. Difficulty could've doubled by then.Quote
People always say it's not worth it, but you're investing on the possibility that maybe Bitcoin will go up in value.
If you are betting on the BTC price going up, you should just buy BTC and keep it in a wallet or a low-risk investment. It is a fallacy to reason that investing in something that incurs a BTC-loss is okay if the price of BTC goes up to compensate.Quote
Plus, you can always sell your Rig later on.
For how much? The value of the mining rig will be inversely proportional to the difficulty. If the difficulty doubles, people will be willing to pay half of what they are willing to pay today. Unlike GPUs, which have a very popular alternative purpose (gaming) and retain a lot of resale value because of it, ASIC miners are solely for mining. If that isn't profitable, the miner won't be worth much.
I'm not saying that all ASICs are bad investments. Just be careful and run some numbers on pessimistic scenarios to see what your expected returns are. ASICs aren't get-rich-quick-machines.
Bitfury price is wrong
October 400GH/s is 7500,-
August 400GH/s is 15000,-
October 400GH/s is 7500,-
August 400GH/s is 15000,-
You can get a better overview over equipment from this link
http://decentralizedhashing.com/bitcoin-mining-equipment-table/
http://decentralizedhashing.com/bitcoin-mining-equipment-table/
This is pretty helpful. Thank you.
I think no matter what Rig you decide to go with it will be worth it in the long run. Just get the best value for your investment and don't worry about ROI.
Nonsense, unless you want to randomly throw away money, ROI is very important. Difficulty will rise and it is not outside the realm of possibilities that some of these devices will not make you any profit. Problem is predicting future difficulty. If KNC ships in september, then that's 4-6 difficulty adjustments away from today. Difficulty could've doubled by then.Quote
People always say it's not worth it, but you're investing on the possibility that maybe Bitcoin will go up in value.
If you are betting on the BTC price going up, you should just buy BTC and keep it in a wallet or a low-risk investment. It is a fallacy to reason that investing in something that incurs a BTC-loss is okay if the price of BTC goes up to compensate.Quote
Plus, you can always sell your Rig later on.
For how much? The value of the mining rig will be inversely proportional to the difficulty. If the difficulty doubles, people will be willing to pay half of what they are willing to pay today. Unlike GPUs, which have a very popular alternative purpose (gaming) and retain a lot of resale value because of it, ASIC miners are solely for mining. If that isn't profitable, the miner won't be worth much.
I'm not saying that all ASICs are bad investments. Just be careful and run some numbers on pessimistic scenarios to see what your expected returns are. ASICs aren't get-rich-quick-machines.
I think no matter what Rig you decide to go with it will be worth it in the long run. Just get the best value for your investment and don't worry about ROI. People always say it's not worth it, but you're investing on the possibility that maybe Bitcoin will go up in value. Plus, you can always sell your Rig later on.
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