Network Protection statement from KNCMiner - page 2.

Bitcoinorama

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Quote from: Lohoris on July 19, 2013, 06:36:03 PM

Quote from: Bitcoinorama on July 18, 2013, 06:49:13 PM

Oh FFS no ROI for current customers, no repeat business. Is it really that hard?

I don't understand, are you a supporter of KNC, or you represent them officially?

You are posting like a fanboy, not like a professional PR, so I guess that's the former?

No dude I went in person to their open day as did others.

Every step of the way they openly stated, "no ROI for current customers, no repeat business."

That's not fanboy shit, that's common sense, which appears all too uncommon in this thread...

Meizirkki

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Quote from: erk on July 19, 2013, 03:37:54 PM

Quote from: Meizirkki on July 19, 2013, 03:10:20 PM

Quote from: erk on July 19, 2013, 02:50:53 PM

I doubt it will be that simple, KNCminer specs are way ahead of the current competition. The industry loves to tell the world about products that don't exist for months, giving KNCminer ample time to plan and react.

At the time KnC hits the market there are tens (perhaps hundreds?) of Th/s from BitFury online. And it doesn't seem likely KnC will be anywhere near Bitfury's Gh/W ratings.

So good luck protecting your customers, KnC Cheesy

Have you looked at the Bitfury prices? They are not cheap, I was disappointed when I looked at the Bitfury prices. KNCminer blows them away for value, ASIC running costs are currently trival, so the GH/w is a small part of the equation atm. unless you are trying to set up a data center full of miners.

That's right, running costs are currently trivial. But if both Bitfury and KnC deliver, it's possible (corrent me if I'm wrong), that not a single miner may achieve ROI in a year. That would make costs not so trivial.

You probably know more about mining than I do, so I should just stfu. The reason I originally responded to you was your misinformation on specs.

JohnyBigs

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Quote from: Bitcoinorama on July 18, 2013, 10:44:22 AM

I swear people in this forum are quite simply dense.

No where does this display any innate arrogance.

They want to play fair and protect customer ROI, but they aren't going to be walked over like little bitches by greedy competitors hellbent on making a quick buck and killing the hashrate in the process, therefore their response can only ever be to remain competitive.

How the f**k can you genuinely misconstrue their words to mean anything different?!?

If you're not a KnC customer, you should, by all accounts be breathing a heavy sigh of relief. Likewise if you are a KnC customer...

Welcome to the real world where 99% of the population is mentally retarded

dentldir

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Activity: 333

Merit: 250

Quote from: DPoS on July 19, 2013, 04:44:20 PM

you don't understand what knc wrote... they never said they will 100% protect your investment.. they said they will, in good faith, react to a heavy change in hashrate and look to offer the 1st gen at cheap rates over the winter to keep their customers up to speed...

you went off the deep end

The deep end is well educated and interested in facts. Your ad hominem arguments and musings about the lack of human dignity aren't.

I'll stop feeding the troll now.

minternj

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Activity: 434

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Quote from: SirWizz on July 19, 2013, 06:28:18 PM

Quote from: minternj on July 19, 2013, 05:19:38 PM

Quote from: erk on July 19, 2013, 05:08:31 PM

Quote from: minternj on July 19, 2013, 03:41:58 PM

Bitfury is half the power usage. Not to mention that is actual not theoretical. bitfury is 1000 dollars more for 400ghz minervs knc. Not sure if that is really blowing it out of the water.

Oh good, half the power usage, that should save me about a dollar a day, only 3 years to recover that from the power savings. Get real!

I dont pay for power, but I have a cap on how much power I can use where i mine. So power/hash ratio is extremely important.

Really? And what about space? How many boards/chips will you need to achieve the 400 GH/s of a Jupiter unit? I doubt that you'd be able to keep everything in the same form factor.

Whats the Knc unit dimensions? Too lazy to look but last i read someone mentioned it was a size of a 3U rack mount server. Which should be about the same for housing for 400ghz of bitfury. I say should because I really havent looked at the size of the knc.

Lohoris

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Bitgoblin

Quote from: Bitcoinorama on July 18, 2013, 06:49:13 PM

Oh FFS no ROI for current customers, no repeat business. Is it really that hard?

I don't understand, are you a supporter of KNC, or you represent them officially?

You are posting like a fanboy, not like a professional PR, so I guess that's the former?

MadHasher

newbie

Activity: 30

Merit: 0

Quote from: dentldir on July 19, 2013, 12:48:22 PM

For those that do not have time to read the rest of the threads:

If KnCMiner hits their delivery targets, the existing competition will likely out produce and out price them before or soon after their first units are delivered. Multiply whatever hashrate they produce by an appropriate constant when you do your ROI calculations.

They may be a very competent technical team. However, KnCMiner has no power to "protect" your ROI. It doesn't really matter what their intentions are. The only way to protect your ROI would be to guarantee a percentage of the global hash rate for every purchase you make with them.

+1

SirWizz

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Quote from: minternj on July 19, 2013, 05:19:38 PM

Quote from: erk on July 19, 2013, 05:08:31 PM

Quote from: minternj on July 19, 2013, 03:41:58 PM

Bitfury is half the power usage. Not to mention that is actual not theoretical. bitfury is 1000 dollars more for 400ghz minervs knc. Not sure if that is really blowing it out of the water.

Oh good, half the power usage, that should save me about a dollar a day, only 3 years to recover that from the power savings. Get real!

I dont pay for power, but I have a cap on how much power I can use where i mine. So power/hash ratio is extremely important.

Really? And what about space? How many boards/chips will you need to achieve the 400 GH/s of a Jupiter unit? I doubt that you'd be able to keep everything in the same form factor.

minternj

sr. member

Activity: 434

Merit: 250

Quote from: erk on July 19, 2013, 05:08:31 PM

Quote from: minternj on July 19, 2013, 03:41:58 PM

Bitfury is half the power usage. Not to mention that is actual not theoretical. bitfury is 1000 dollars more for 400ghz minervs knc. Not sure if that is really blowing it out of the water.

Oh good, half the power usage, that should save me about a dollar a day, only 3 years to recover that from the power savings. Get real!

I dont pay for power, but I have a cap on how much power I can use where i mine. So power/hash ratio is extremely important.

erk

hero member

Activity: 826

Merit: 500

Quote from: minternj on July 19, 2013, 03:41:58 PM

Bitfury is half the power usage. Not to mention that is actual not theoretical. bitfury is 1000 dollars more for 400ghz minervs knc. Not sure if that is really blowing it out of the water.

Oh good, half the power usage, that should save me about a dollar a day, only 3 years to recover that from the power savings. Get real!

DPoS

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Activity: 462

Merit: 250

Quote from: dentldir on July 19, 2013, 04:33:58 PM

Quote from: DPoS on July 19, 2013, 01:11:25 PM

Quote from: dentldir on July 19, 2013, 12:48:22 PM

It doesn't really matter what their intentions are.

And this is the sad state of society. Left in a land devoid of honesty and trust, lied to over and over, one loses the sense of what intentions are. Seeing them as just another way to lie and deceive..

For you, nothing but concrete terms matter. Why even bother until you can press ship me now? Go to ASICminer and pay the premium to not swim in these waters

You have not understood anything I've posted.

you don't understand what knc wrote... they never said they will 100% protect your investment.. they said they will, in good faith, react to a heavy change in hashrate and look to offer the 1st gen at cheap rates over the winter to keep their customers up to speed...

you went off the deep end

dentldir

sr. member

Activity: 333

Merit: 250

Quote from: DPoS on July 19, 2013, 01:11:25 PM

Quote from: dentldir on July 19, 2013, 12:48:22 PM

It doesn't really matter what their intentions are.

And this is the sad state of society. Left in a land devoid of honesty and trust, lied to over and over, one loses the sense of what intentions are. Seeing them as just another way to lie and deceive..

For you, nothing but concrete terms matter. Why even bother until you can press ship me now? Go to ASICminer and pay the premium to not swim in these waters

You have not understood anything I've posted.

minternj

sr. member

Activity: 434

Merit: 250

Bitfury is half the power usage. Not to mention that is actual not theoretical. bitfury is 1000 dollars more for 400ghz minervs knc. Not sure if that is really blowing it out of the water.

erk

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Activity: 826

Merit: 500

Quote from: Meizirkki on July 19, 2013, 03:10:20 PM

Quote from: erk on July 19, 2013, 02:50:53 PM

Quote from: dentldir on July 19, 2013, 12:48:22 PM

For those that do not have time to read the rest of the threads:

If KnCMiner hits their delivery targets, the existing competition will likely out produce and out price them before or soon after their first units are delivered. Multiply whatever hashrate they produce by an appropriate constant when you do your ROI calculations.

They may be a very competent technical team. However, KnCMiner has no power to "protect" your ROI. It doesn't really matter what their intentions are. The only way to protect your ROI would be to guarantee a percentage of the global hash rate for every purchase you make with them.

I doubt it will be that simple, KNCminer specs are way ahead of the current competition. The industry loves to tell the world about products that don't exist for months, giving KNCminer ample time to plan and react.

At the time KnC hits the market there are tens (perhaps hundreds?) of Th/s from BitFury online. And it doesn't seem likely KnC will be anywhere near Bitfury's Gh/W ratings.

So good luck protecting your customers, KnC Cheesy

Have you looked at the Bitfury prices? They are not cheap, I was disappointed when I looked at the Bitfury prices. KNCminer blows them away for value, ASIC running costs are currently trival, so the GH/w is a small part of the equation atm. unless you are trying to set up a data center full of miners.

Meizirkki

hero member

Activity: 616

Merit: 500

Quote from: erk on July 19, 2013, 02:50:53 PM

Quote from: dentldir on July 19, 2013, 12:48:22 PM

For those that do not have time to read the rest of the threads:

If KnCMiner hits their delivery targets, the existing competition will likely out produce and out price them before or soon after their first units are delivered. Multiply whatever hashrate they produce by an appropriate constant when you do your ROI calculations.

They may be a very competent technical team. However, KnCMiner has no power to "protect" your ROI. It doesn't really matter what their intentions are. The only way to protect your ROI would be to guarantee a percentage of the global hash rate for every purchase you make with them.

I doubt it will be that simple, KNCminer specs are way ahead of the current competition. The industry loves to tell the world about products that don't exist for months, giving KNCminer ample time to plan and react.

At the time KnC hits the market there are tens (perhaps hundreds?) of Th/s from BitFury online. And it doesn't seem likely KnC will be anywhere near Bitfury's Gh/W ratings.

So good luck protecting your customers, KnC Cheesy

erk

hero member

Activity: 826

Merit: 500

Quote from: dentldir on July 19, 2013, 12:48:22 PM

For those that do not have time to read the rest of the threads:

If KnCMiner hits their delivery targets, the existing competition will likely out produce and out price them before or soon after their first units are delivered. Multiply whatever hashrate they produce by an appropriate constant when you do your ROI calculations.

They may be a very competent technical team. However, KnCMiner has no power to "protect" your ROI. It doesn't really matter what their intentions are. The only way to protect your ROI would be to guarantee a percentage of the global hash rate for every purchase you make with them.

I doubt it will be that simple, KNCminer specs are way ahead of the current competition. The industry loves to tell the world about products that don't exist for months, giving KNCminer ample time to plan and react.

Xian01

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Activity: 1652

Merit: 1067

Christian Antkow

Quote from: DPoS on July 19, 2013, 01:11:25 PM

And this is the sad state of society. Left in a land devoid of honesty and trust, lied to over and over, one loses the sense of what intentions are. Seeing them as just another way to lie and deceive..
For you, nothing but concrete terms matter. Why even bother until you can press ship me now? Go to ASICminer and pay the premium to not swim in these waters

My acrimonious dealings with Butterfly Labs have completely turned me off of pre-ordering products in Bitcoin space entirely. It's worth it to me to pay the premium to have ASICMiner products in-hand in a reasonable time-frame, rather than placing pre-orders for cheaper products and be at the mercy of whatever developer shenanigans they decide to pull on their patient customers during the development process.

I'm sincerely wishing KNC, BitFury, and the others good luck with their projects, and hoping their delivery issues won't be as bad as Butterfly Labs' or Avalons.

It would be wonderful for Bitcoin miners to be able to go to any of the vendors' websites and have product shipped out within 72 hours, but I really don't see that happening before the New Year with anyone other than ASICMiner.

Bitcoinorama

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Activity: 532

Merit: 500

Boomshackalaka...

Quote from: blastbob on July 19, 2013, 10:09:38 AM

https://www.kncminer.com/news/news-25

Quote

We have part of an internal presentation we would like to share with you today. While it contains some technically sensitive information (which we have not released earlier for competitive reasons). We believe it’s now in the best interests of our customers for us to release this information.

The below slides contain information relating the physical setup of the chip and the internal layout of the device. The biggest news is that we can confirm that our chips will have a quad core solution.

DPoS

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Activity: 462

Merit: 250

Quote from: dentldir on July 19, 2013, 12:48:22 PM

It doesn't really matter what their intentions are.

And this is the sad state of society. Left in a land devoid of honesty and trust, lied to over and over, one loses the sense of what intentions are. Seeing them as just another way to lie and deceive..

For you, nothing but concrete terms matter. Why even bother until you can press ship me now? Go to ASICminer and pay the premium to not swim in these waters

dentldir

sr. member

Activity: 333

Merit: 250

For those that do not have time to read the rest of the threads:

If KnCMiner hits their delivery targets, the existing competition will likely out produce and out price them before or soon after their first units are delivered. Multiply whatever hashrate they produce by an appropriate constant when you do your ROI calculations.

They may be a very competent technical team. However, KnCMiner has no power to "protect" your ROI. It doesn't really matter what their intentions are. The only way to protect your ROI would be to guarantee a percentage of the global hash rate for every purchase you make with them.

Topic: Network Protection statement from KNCMiner - page 2. (Read 5511 times)