Topic: Swedish ASIC miner company kncminer.com - page 1644. (Read 3050068 times)

I'm actually happy so many decide to bail. Any decrease in deliveries is a bonus for us getting ours sooner really. Over the last four months, I can't tell you guys(and gals) how many hours we spent in meetings discussing Bitcoin and our strategies. Bailing from the investment was actually discussed very little, as was the comparison if we were to have invested the same amount in coin. First of all, the electricity cost (Gh/s per kw) will be the deciding factor on exactly how long any miners will produce coin very soon. We knew this would happen as the ROI began to stretch into oblivion. We also know, that people are not going to be mining at a loss for very long, when they figure out that the electricity is costing them more than the units bring in. Best we could estimate, is this should begin to happen around the New Year for some of the earlier manufacturer's machines.
At that point, there should be a "Tapering down" beginning to hit the diff increases, and (mostly)only the most efficient miners will be hashing, because there are not many folks that will continue to operate miners at a loss. At that point, most of the smaller investors (and players) will be dropping from the hash-cloud, which will result in a huge stabilizing of BTC volatility, and get BTC on track for an imminent rise in BTC price.
With all this in mind, it's a game of longevity, and MARKETSHARE(in hashpower), all depending on your ability to obtain the most cost-effective miners, and the cheapest electric.... and lots of it.  I actually smile inside watching people bail as the difficulty rises, because it just means we are all the closer to seeing our predictions unfold, and getting rid of most of the people who saw BTC as a "Get rich quick" opportunity, bringing us on track with a more stable system as global adaptation takes hold as well. I don't really feel sorry for those who got caught ordering machines from companies that had little to no experience in making asics because that's all part of doing your homework. The first rule in investing is "Knowing what you own", followed by a stop-loss system. I understand the allure surely though... "A machine that makes money" . How could you go wrong?
Several ways. The next few months are going to be very interesting!
Good luck to you all. Ewik

anyone do an ROI chart on getting a fast food job instead of using all their time speculating on miner ROI?

Thanks I emailed them about a week ago with this same question.  Wasn't particularly concerned or anything but nice to get a definitive answer.

I did wonder about that... thx

I recently wrote an email to KNC asking about shipping times and if there was a way to pay for more expedited shipping (I'm from the US).  I got this response today:

"As we use UPS Express Freight, it might take around one day for the miner to be delivered once it is produced."

I'm ok with that

If KNC actually delivers around 2PH by 15th of Oct, will the other companies face a wave of cancelled orders? Or KNC itself for the Nov shipping orders?

10-15x too optimistic? That seems nuts.
Are you referring to optimism around the distribution of the type of units sold (Jupiter, Saturn etc) or around the achievable hash rate vs. nominal hash rate?

Nice affiliate links...lol

They have always promised no more than 5% of customer sales equivalent.

.

How much mining are they going to be doing themselves?

-MarkM-

I think people are being hugely optimistic with respect to actual hashrate per unit.

How can KnC be adding 2.5PH to the network?  I thought their September pre-orders for Day 1, Day 2, Day 3 was 180TH or something like that...

So you got refunded in BTC?

I see, I read it wrong. Maybe 1 or 2 folks will get their miners a little faster then.

We went the refund route so we can move on and not mess with shipping changes and other hassles. And we came out ahead about $15/BTC from the date we ordered and today's valuation. Plus, finding market value for the pre-orders wasn't worth the hassle either. Funds tied in escrow until Day 1 delivery does us no good and 2PH/s+ coming on the market has sidelined any sensible buyers out there. KnCMiner provided excellent support for the refund request and everything related to this project throughout.

Sure there will be a massive jump.

As it will be a massive spike over a short period of time, followed by a level plateauing.

Fact is though any subsequent jump from anyone else delivering will never be of the same magnitude unless another individual release of hashrate doubles this initial delivery of KnC hardware.

Simply put, that won't happen. By Christmas maybe, but I don't buy Hashfast and Cointerra's huge prophetic esitmates based on best case simulations, their real world results will be a lot different, and not for the positive. They're marketing words. Engineers promise what they know until they can prove otherwise.

Importantly though, it also will prove the Genesis Block's exponential rise of constant month-on-month consistent rising that the trolls and ill-informed keep touting as inevitable; a total falsehood.

What would be useful would be a calc that offers multiple strategic scenarios based on estimated hashrate sold, release dates and length of production runs. You could then run various scenarios and hedge your play within reasonable expectation. Same as any business would.

Will stop taking hosting orders on Friday. So last call for those who like cutting things close.

bitcoin.anotherhost.se

If anyone wants Day 1 Jupiters (3) we just cancelled our order and the refund is processing.  Keep an eye out on the KnCMiner product page for these.
FYI.