Swedish ASIC miner company kncminer.com - page 1139.

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: Syke on November 06, 2013, 11:57:36 AM

Quote from: Paladin69 on November 06, 2013, 11:36:29 AM

If KnC has 70% of the hashrate, then they were very irrisponsible in how much hashrate they brought online. This trend will continue.

With the network roughly 4 TH/s, 70% would be 2.8 TH/s, or roughly 5000 Jupiters. But they shipped a lot of units slower than Jupiters. So lets say roughly 10,000 units shipped. Is that in line with their shipping announcements?

4PH*

2.8PH*

That is quite a bit of Hashrate but understand they though each unit Jupiter would originally only do 350GH or 87.5GH/Chip

Let's assume they had 20,000 Chips - 1.75PH

Quote from: Syke on November 06, 2013, 11:59:46 AM

https://www.kncminer.com/news/news-63

Quote

The computing performance of Jupiter is 3600% higher than the closest commercial competitor.

WTF?

I'm assuming they are talking about Chips

I believe BFL has the next "Most GH Per Chip" (Regardless of power consumption

https://products.butterflylabs.com/65nm-asic-bitcoin-mining-chip.html
BFL Chip - 4GH

550 / 4 = 137.5
KnC Chip - 137.5 GH

3437.5% increase

Syke

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Activity: 3878

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https://www.kncminer.com/news/news-63

Quote

The computing performance of Jupiter is 3600% higher than the closest commercial competitor.

WTF?

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: Paladin69 on November 06, 2013, 11:36:29 AM

If KnC has 70% of the hashrate, then they were very irrisponsible in how much hashrate they brought online. This trend will continue.

With the network roughly 4 TH/s, 70% would be 2.8 TH/s, or roughly 5000 Jupiters. But they shipped a lot of units slower than Jupiters. So lets say roughly 10,000 units shipped. Is that in line with their shipping announcements?

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: bobsag3 on November 06, 2013, 11:19:23 AM

Quote from: Paladin69 on November 06, 2013, 11:18:28 AM

Quote from: Bargraphics on November 06, 2013, 11:05:47 AM

Quote from: CYPER on November 06, 2013, 10:58:25 AM

So KNC would not accept even Bitcoins as a security in order to send working boards first as to minimize downtime for customers.
From where I am standing it looks like they are trying hard to work against their customers by refusing to come up with a RMA solution that works for both sides.
I can not think of a single reason why they would not accept BTC as a security in order to send working boards first, apart from trying to discourage people from using the RMA service.

This has to do with people trying to "Game" the system.

Maybe they don't want to be liable with your BTC or want to deal with customers saying they never got the BTC back (Lieing to game the system)

RMA has always been, send it back and they send you a new one. This isn't a new concept. While I understand the frustration of potentially losing money while it is RMA'd that is the nature of the beast and their hands are tied.

That's fucking stupid. Most tech companies have an advanced RMA process to charge a CC temporarily.

Yeah bar, your wrong here. KnC is the first tech company I have dealt with in a while that DOESNT offer an advanced RMA

Never have experienced this. My apologies.

However you believe that when providing "Money Printing Machines" there should be advanced RMA? Sorry blame human nature.

CYPER

hero member

Activity: 812

Merit: 502

Quote from: Bargraphics on November 06, 2013, 11:13:15 AM

Quote from: CYPER on November 06, 2013, 11:10:16 AM

Bar, there is a saying that perfectly fits the situation: "If you want to do something, you’ll find a way. If you don’t, you’ll find an excuse."
They found an excuse, I found a way Wink

Did they give you alternatives? Again your way might not have been viable.

You are close enough to them the RMA shouldn't take but a day or two max just send it in!

No alternatives were offered. Liam was very adamant over the phone, not even giving a reason why a BTC deposit is not a viable option. He just said: "we are not going to change our RMA procedures" in a way that made it clear they don't want to work with their customers.

Sending it back is a risk I am not willing to take: it can take 3 days, it can take a week. The lost revenue while my machine is offline will never get recouped back from the increased hashing performance. At least not at this stage.

Paladin69

hero member

Activity: 784

Merit: 1000

If KnC has 70% of the hashrate, then they were very irrisponsible in how much hashrate they brought online. This trend will continue.

10TH next-gen miners sound awesome until you realize your piece of the 3600 per day coin lotto keeps getting smaller. ASIC sure turned mining into a ponzi for the benefit of old money.

Cablez

legendary

Activity: 1400

Merit: 1000

I owe my soul to the Bitcoin code...

Quote from: CYPER on November 06, 2013, 10:58:25 AM

So KNC would not accept even Bitcoins as a security in order to send working boards first as to minimize downtime for customers.
From where I am standing it looks like they are trying hard to work against their customers by refusing to come up with a RMA solution that works for both sides.
I can not think of a single reason why they would not accept BTC as a security in order to send working boards first, apart from trying to discourage people from using the RMA service.

There appear to be some caveats to the RMA process for dead dies as well as the diagnostic.bin being useless for new firmware. Here is a reply I received when trying for RMA (my highlights).

Hi,
The diagnostic file will never display the new and correct output after 98.1 so it’s not giving us the correct information. That said, if you are still getting less than 106 GH/s per board we can issue an RMA.
Should you have any further questions please do not hesitate to contact us.
Thanks
Emilia

augustocroppo

vip

Activity: 756

Merit: 504

Quote from: Bargraphics on November 06, 2013, 10:45:18 AM

70% of BTC currently produced is the same thing as 70% of the hashrate. If you want to get into variance semantics then you will just lose over time

Oh, really?

How that works?

Explain to us how the reward of 2520 BTC each 24 hours is the same thing as 2862405.7 billions SHA-256 hash being generated per second.

Roll Eyes

bobsag3

hero member

Activity: 546

Merit: 500

Owner, Minersource.net

Quote from: Paladin69 on November 06, 2013, 11:18:28 AM

Quote from: Bargraphics on November 06, 2013, 11:05:47 AM

Quote from: CYPER on November 06, 2013, 10:58:25 AM

So KNC would not accept even Bitcoins as a security in order to send working boards first as to minimize downtime for customers.
From where I am standing it looks like they are trying hard to work against their customers by refusing to come up with a RMA solution that works for both sides.
I can not think of a single reason why they would not accept BTC as a security in order to send working boards first, apart from trying to discourage people from using the RMA service.

This has to do with people trying to "Game" the system.

Maybe they don't want to be liable with your BTC or want to deal with customers saying they never got the BTC back (Lieing to game the system)

RMA has always been, send it back and they send you a new one. This isn't a new concept. While I understand the frustration of potentially losing money while it is RMA'd that is the nature of the beast and their hands are tied.

That's fucking stupid. Most tech companies have an advanced RMA process to charge a CC temporarily.

Yeah bar, your wrong here. KnC is the first tech company I have dealt with in a while that DOESNT offer an advanced RMA

Paladin69

hero member

Activity: 784

Merit: 1000

Quote from: Bargraphics on November 06, 2013, 11:05:47 AM

Quote from: CYPER on November 06, 2013, 10:58:25 AM

So KNC would not accept even Bitcoins as a security in order to send working boards first as to minimize downtime for customers.
From where I am standing it looks like they are trying hard to work against their customers by refusing to come up with a RMA solution that works for both sides.
I can not think of a single reason why they would not accept BTC as a security in order to send working boards first, apart from trying to discourage people from using the RMA service.

This has to do with people trying to "Game" the system.

Maybe they don't want to be liable with your BTC or want to deal with customers saying they never got the BTC back (Lieing to game the system)

RMA has always been, send it back and they send you a new one. This isn't a new concept. While I understand the frustration of potentially losing money while it is RMA'd that is the nature of the beast and their hands are tied.

That's fucking stupid. Most tech companies have an advanced RMA process to charge a CC temporarily.

augustocroppo

vip

Activity: 756

Merit: 504

Quote from: timmmers on November 06, 2013, 10:41:09 AM

They didn't say they had 70% of the hashrate, only 70% of coins produced..which sounds a lot like BS since they can't possibly measure that given all the pools involved?

Yes, it is bullshit.

A Bitcoin "miner" do not produce any BTC. Such device only guarantees an increase in the chances to receive the block reward. Pool "mining" allows concentration of the hash rate to distribute the reward in proportional shares. So such claims like this...

Quote

Currently almost 70% of all Bitcoins mined today are being created upon KnCMiner hardware, distributed to customers in over 120 countries globally, the companies claimed.

...it is just a plain and straight lie. I do not know what are the underlying reasons to make such claims, but I am sure it will fool potential customers to believe that a Bitcoin "miner" will really create BTC.

By the way, it is impossible to track what Bitcoin "miners" are responsible for the daily supply of BTC. Even if it was possible, a claim like that would not be true anyway. All Bitcoin "mining" devices help to generate the required encryption to form the blockchain. In other words, every block uses the random hash of many devices as possible.

Paladin69

hero member

Activity: 784

Merit: 1000

I was never compensated for downtime and KnC doesn't have any sort of advanced RMA.

November products are way overpriced.

I'm not very excited for a new 16/20nm chip. They claim to be grateful to customer's that helped put them on the map but I have yet to see that.

joeventura

hero member

Activity: 854

Merit: 500

Quote from: CYPER on November 06, 2013, 11:10:16 AM

Quote from: Bargraphics on November 06, 2013, 11:05:47 AM

Quote from: CYPER on November 06, 2013, 10:58:25 AM

So KNC would not accept even Bitcoins as a security in order to send working boards first as to minimize downtime for customers.
From where I am standing it looks like they are trying hard to work against their customers by refusing to come up with a RMA solution that works for both sides.
I can not think of a single reason why they would not accept BTC as a security in order to send working boards first, apart from trying to discourage people from using the RMA service.

This has to do with people trying to "Game" the system.

Maybe they don't want to be liable with your BTC or want to deal with customers saying they never got the BTC back (Lieing to game the system)

RMA has always been, send it back and they send you a new one. This isn't a new concept. While I understand the frustration of potentially losing money while it is RMA'd that is the nature of the beast and their hands are tied.

Bar, there is a saying that perfectly fits the situation: "If you want to do something, you’ll find a way. If you don’t, you’ll find an excuse."
They found an excuse, I found a way Wink

Or they can outsource it to someone that is willing to handle it all for them >ME<
Like I offered a month ago.

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: CYPER on November 06, 2013, 11:10:16 AM

Bar, there is a saying that perfectly fits the situation: "If you want to do something, you’ll find a way. If you don’t, you’ll find an excuse."
They found an excuse, I found a way Wink

Did they give you alternatives? Again your way might not have been viable.

You are close enough to them the RMA shouldn't take but a day or two max just send it in!

joeventura

hero member

Activity: 854

Merit: 500

Quote from: Tehfiend on November 05, 2013, 09:03:40 PM

Quote from: chrono030 on November 05, 2013, 08:57:38 PM

Quote from: Phoenix1969 on November 05, 2013, 08:53:07 PM

Other than re-upping on Equipment...
I just don't see any sane reason why a miner would cash his/her bitcoins in right now...
unless you are starving or something...

It actually makes quite a bit of sense to dollar cost average to a position you feel comfortable with. most investing books say that this is the best mechanism to reduce risk and reap maximum rewards. In our case, setting up a periodic sell order at market price for a fixed amount of USD is probably a good idea.

I have predetermined buy and sell benchmarks. When BTC raises to X USD I sell Y% of my BTC holdings. When BTC drops to A USD I buy BTC worth B% of my USD holdings. That way I can still ride they waves and cash in on the crashes. It's like gambling. You should never use your emotions but quit when you either A) lose a certain amount B) win a certain amount or C) gamble for a certain period of time. If you don't have a plan then your emotions will wreck you...

Dollar cost averaging out is very wise.

CYPER

hero member

Activity: 812

Merit: 502

Quote from: Bargraphics on November 06, 2013, 11:05:47 AM

Quote from: CYPER on November 06, 2013, 10:58:25 AM

So KNC would not accept even Bitcoins as a security in order to send working boards first as to minimize downtime for customers.
From where I am standing it looks like they are trying hard to work against their customers by refusing to come up with a RMA solution that works for both sides.
I can not think of a single reason why they would not accept BTC as a security in order to send working boards first, apart from trying to discourage people from using the RMA service.

This has to do with people trying to "Game" the system.

Maybe they don't want to be liable with your BTC or want to deal with customers saying they never got the BTC back (Lieing to game the system)

RMA has always been, send it back and they send you a new one. This isn't a new concept. While I understand the frustration of potentially losing money while it is RMA'd that is the nature of the beast and their hands are tied.

Bar, there is a saying that perfectly fits the situation: "If you want to do something, you’ll find a way. If you don’t, you’ll find an excuse."
They found an excuse, I found a way Wink

tampazeus

hero member

Activity: 924

Merit: 1000

Lick me like a lolipop

Quote from: Easy2Mine on November 06, 2013, 08:06:58 AM

Anyone of you also suffer a lot of downtime with KnC hosted miners the last week?

My hosted miner was down almost 8 hours last week. Dunno what you mean a lot of downtime though.

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: CYPER on November 06, 2013, 10:58:25 AM

So KNC would not accept even Bitcoins as a security in order to send working boards first as to minimize downtime for customers.
From where I am standing it looks like they are trying hard to work against their customers by refusing to come up with a RMA solution that works for both sides.
I can not think of a single reason why they would not accept BTC as a security in order to send working boards first, apart from trying to discourage people from using the RMA service.

This has to do with people trying to "Game" the system.

Maybe they don't want to be liable with your BTC or want to deal with customers saying they never got the BTC back (Lieing to game the system)

RMA has always been, send it back and they send you a new one. This isn't a new concept. While I understand the frustration of potentially losing money while it is RMA'd that is the nature of the beast and their hands are tied.

drico

member

Activity: 68

Merit: 10

Quote from: xyzzy099 on November 06, 2013, 10:34:39 AM

Quote from: drico on November 06, 2013, 10:30:30 AM

Quote from: Biffa on November 05, 2013, 01:37:35 PM

Quote from: Phoenix1969 on November 05, 2013, 12:20:33 PM

Anyone try the new Cklovas code?..

Running 3.7.2 with 0.96 firmware no problem

Does this mean KNC stuff is included in cgminer now and we can compile our own cgminer ?

Yes, but the KnC stuff will only build properly if you build it on the Beaglebone Black - that is, don't enable it when building on another platform or the build will fail.

Ckolivas posted build instructions for building on BBB somewhere on the forums, but I don't have the link handy.

Probably I could copy the beaglebone stuff on my raspberry, chroot in and build it there

FiatKiller

sr. member

Activity: 378

Merit: 250

I wish KNC would add a daily reboot option to the firmware. I'm going on vacay next week and really don't want to have to bother with logmein to do restarts...

Topic: Swedish ASIC miner company kncminer.com - page 1139. (Read 3049528 times)