Just when hosting option starts looking like a better option.. here's a new fear to throw into the mix.
I for one think that the hosting option will be more of a delay then the delivery side of things.
I only think this because of the photos they published building their data center. (i'm a sparky and cable guy by trade)
in the photos they were constructing the cabinets that hold the miners, but I couldn't see any cabling yet.. it looks to neat for the cabling to have started.
how many units are they hosting..?
1. they will need 240v cabling for all the miners, earthing on all cabinets, etc.. (this sort of thing cannot be rushed)
2. they will need network cable to all the miners, switches and routers configured, etc..
note: the above wiring needs to be tested and inspected for safety before it can actually be used.
the people who are using the hosting option how are you going to confirm you miner is hashing, It could be a while before they actually have remote or online viewing for your miners.
Topic: Swedish ASIC miner company kncminer.com - page 1570. (Read 3049505 times)
As far as I know, pickups/deliverys or anything, nothing has been said so far.
So pretty much, everyone is just waiting for the news/word from them.
So pretty much, everyone is just waiting for the news/word from them.
If they start my miner hashing in their colo center on Monday, I'll consider that a delivery.
And on-time.
And on-time.
maybe in hand (delivered) on September could be referring to people picking up miners only.
who's picking up their miners..? Are you going to KnC on Monday..? What are KnC telling the pick up customers to do..?
who's picking up their miners..? Are you going to KnC on Monday..? What are KnC telling the pick up customers to do..?
So no pickups before Monday. Excellent. So pickups on Monday then. I'll book my tickets now.
Quote
As we are now in production we can’t say for sure that your boxes will be ready for pickup on Monday.
There are no pickups before Monday in any case.
Most likely all your orders will be ready early next week, but that does bring us into October I’m afraid.
There are no pickups before Monday in any case.
Most likely all your orders will be ready early next week, but that does bring us into October I’m afraid.
Yep it was always "in customers hands in Sept". They got a few days left otherwise yeah, it's delayed.
We'll probably start seeing something early next week - and that's being optimistic.
We'll probably start seeing something early next week - and that's being optimistic.
https://soundcloud.com/mindtomatter/e45-perspective-counts-lets here is an interview with sam cole (sound file) about a device to mine all alt coins also the silliness of all the asic mnfg companies shipping w/o taking into consideration miners making a profit...ie miners have to make a profit to buy more miners in the future..interesting stuff
my 2c worth
Searing
Let's hope so! Fashion reporters sell fashion. And fashion has one hell of a premium, even when it's ugly. My wife is into Tiffany jewelry and Louis Vuitton purses. Neither are all that well made, and the markup over materials on them is like 900 percent! Get that sort of crowd thinking BTC is "cool" and watch the exchange skyrocket!
https://soundcloud.com/mindtomatter/e45-perspective-counts-lets here is an interview with sam cole (sound file) about a device to mine all alt coins also the silliness of all the asic mnfg companies shipping w/o taking into consideration miners making a profit...ie miners have to make a profit to buy more miners in the future..interesting stuff
my 2c worth
Searing
august 26th coindesk interview excerpt.
http://www.coindesk.com/kncminer-takes-delivery-of-asic-boards/
Sam saying"
"
also..
September 17th coindesk interview. Read the very last line.
http://www.coindesk.com/kncminer-offers-free-speed-increase-first-bitcoin-miner-shipments/
http://www.coindesk.com/kncminer-takes-delivery-of-asic-boards/
Sam saying"
"also..
September 17th coindesk interview. Read the very last line.
http://www.coindesk.com/kncminer-offers-free-speed-increase-first-bitcoin-miner-shipments/
^^ Nice link ..
Honestly, the best people I think can hope for is that CoinTerra and HashFast fold. If you have a November KnC order, you may have only bought yourself a nice space heater for the winter.
The amount of new companies releasing hardware are going to cause the difficulty to run away from everyone. This is going to get bad. If you are buying next-gen hardware with BTC, you will be at a loss. If you are buying with cash, it might be better to just buy BTC directly instead.
The amount of new companies releasing hardware are going to cause the difficulty to run away from everyone. This is going to get bad. If you are buying next-gen hardware with BTC, you will be at a loss. If you are buying with cash, it might be better to just buy BTC directly instead.
That's a terribly pessimistic outlook.
When GPU's were no longer any use for mining bitcoin, gpu miners swopped over to litecoin.
When the lower end asic miner no longer mine enough BTC to make it worthwhile, they'll switch to an alt too. I assume people with jalapeno's are mining zetacoin or something like that, rather than huddling round it for heat.
I'd say it's fairly likely we'll see a SHA256 alt coin explode in 2014 for this reason.
It's pessimistic but it's true. There are a lot of people interested in mining now. You can thank the April bubble for that. A lot of greedy people out there. They just don't have any clue as to what they're getting in to. Mining has almost never been about mining for profit. The brief FPGA era wasn't too bad because not that many were involved as they are now. ASIC's are just too fast and specs are going to start upgrading every 3 months. And everyone wants one. The only profit in mining is for the hardware developers.
Coins don't explode in value just because miners are interested in them. Higher supply equals lower demand. Services using these coins are what matters. And BTC has all the momentum. No need for Litecoin as the "silver" to Bitcoins "gold" when BTC is both "silver" and "gold". Although alts might have short term value when attempting to trade them for BTC.
Plus you can't just easily point an ASIC to a different coin. It's not like an FPGA with a memory chip.
https://soundcloud.com/mindtomatter/e45-perspective-counts-lets here is an interview with sam cole (sound file) about a device to mine all alt coins also the silliness of all the asic mnfg companies shipping w/o taking into consideration miners making a profit...ie miners have to make a profit to buy more miners in the future..interesting stuff
my 2c worth
Searing
Coins don't explode in value just because miners are interested in them. Higher supply equals lower demand. Services using these coins are what matters. And BTC has all the momentum. No need for Litecoin as the "silver" to Bitcoins "gold" when BTC is both "silver" and "gold". Although alts might have short term value when attempting to trade them for BTC.
Plus you can't just easily point an ASIC to a different coin. It's not like an FPGA with a memory chip.
...The supply is not going to change, the distribution is the only thing that changes...
As for the mining Alt-coins with it, read up. There's plenty of people using their ASIC's to mine SHA clones... Remember... the hash is nothing more than mathematical calculations , if the numbers that are fed into the machine utilize the same algorithm, then the numbers it spits out can apply to any of them..
https://forums.butterflylabs.com/jalapeno-single-sc-support/3678-mining-altcoins-bfl-miners.html
Quote from: KNC
We will present you a genuine Shanghai Machine
In October, we will be in Shanghai to present you the genuine machine, then you will be able to experience the performance of the mining machine. If you want toselected among all participants in October with the kind of intimate contact local places (transportation and accommodation costs will be borne by the selected users). All users will be able to visit the site will receive a phone call and SMS notification.
Refund Policy
Our regional headquarters in China was established only recently, but we still ensure that every user can get the best service. We understand that there are questions in the bitcoin community voices, so that we convey to you a clear responsibility, honest attitude becomes extremely important.
For recently received the order, we will arrange 11 moonrise shipped. If we fail in a given time of delivery, the purchase price will be refunded. Please keep your proof of purchase for a refund instant access to your ordering information.
In October, we will be in Shanghai to present you the genuine machine, then you will be able to experience the performance of the mining machine. If you want toselected among all participants in October with the kind of intimate contact local places (transportation and accommodation costs will be borne by the selected users). All users will be able to visit the site will receive a phone call and SMS notification.
Refund Policy
Our regional headquarters in China was established only recently, but we still ensure that every user can get the best service. We understand that there are questions in the bitcoin community voices, so that we convey to you a clear responsibility, honest attitude becomes extremely important.
For recently received the order, we will arrange 11 moonrise shipped. If we fail in a given time of delivery, the purchase price will be refunded. Please keep your proof of purchase for a refund instant access to your ordering information.
Still 3 days to go. no sense in pronouncing judgement till they cross the red line. Lets see what they do.
Couldn't agree more, just it's Saturday morning already in Sweden with a Monday deadline, so I'm on the edge of my seat already... checking the pool for hits every hour, etc... Waiting on a possible call about VAT as well with cc handy... this is nerve-racking, no sense in mentioning calculated losses beginning Tuesday for the September folks... oops. Did I mention I have a flight on the 1st? (cancelled once already from the 26th) Hope this pans out.Once you get out there and get situated, please come back and let everyone know what you observed. It would be helpful for us waiting on Snailmail and much appreciated.
Whatever else happens, we should at least see a working rig in the next 24 hours or so...the one in Shanghai is being demonstrated on the 29th they said.
I heard so many people quoting that yet nobody has the source to back it up. KNC Chinese forums etc. Where is it? Is there a link where I can see this quote of "we will demonstrate it on the 29th"?
That was from KnCminer forum:
http://forum.kncminer.com/member/578-gp2x
But it is misinformation. The KnCminer China website says "In October, we will be in Shanghai to present you the genuine machine, then you will be able to experience the performance of the mining machine."
http://kncminer.cn/news/demo-machine-shanghai/
Whatever else happens, we should at least see a working rig in the next 24 hours or so...the one in Shanghai is being demonstrated on the 29th they said.
I heard so many people quoting that yet nobody has the source to back it up. KNC Chinese forums etc. Where is it? Is there a link where I can see this quote of "we will demonstrate it on the 29th"?
Higher supply equals lower demand.
Ehh, must have missed that economics class.
Then you studied Keynes exclusively.
Whatever else happens, we should at least see a working rig in the next 24 hours or so...the one in Shanghai is being demonstrated on the 29th they said.
Higher supply equals lower demand.
Ehh, must have missed that economics class.
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