Topic: Swedish ASIC miner company kncminer.com - page 1707. (Read 3049501 times)

Have you done much ground-floor level investment into emerging technologies and sciences before? Because this is essentially how it goes. I've done ground-level before, the rewards are the sweetest, the risks are most bitter, and at the end of the day you'll be drinking either way. Your posts constantly remind me of the folks back in the early 80's who were hating on the Microsoft crew.

I'm just disappointed that they've not helped to move us beyond this pre-order model and it's lopsided share of the risks heaped upon investors.

The pre-order model flat out sucks for investors. At best it's a zero interest loan with the purchased gear as collateral. The gear that hasn't been built yet mind you. Yes knc is offering refunds and I wouldn't even have given them a second look otherwise, but we need to move beyond this ridiculous sales model. Just because you can get a refund doesn't mean you don't have losses. Those that are ordering are plainly interested in BTC and as such have numerous investment opportunities. When knc announced their plans to develop this hardware those that invested made their choice. Whether it was the right choice or not remains to be seen, but if they paid with BTC at that time then they're already way behind because they locked in an exchange rate that was most likely lower than it is now. If they paid with fiat then they likely could've purchased BTC directly and been better off. Again, nothing against knc as they've acted in good faith thus far, I'm just disappointed that they've not helped to move us beyond this pre-order model and it's lopsided share of the risks heaped upon investors.

The pre-order model flat out sucks for investors. At best it's a zero interest loan with the purchased gear as collateral.

I'm just disappointed that they've not helped to move us beyond this pre-order model and it's lopsided share of the risks heaped upon investors.

Guys I've never expected to see a chip until 2nd/3rd week of September earliest. They will literally be testing the chip as soon as they have it packaged and sent to them, they have always known the date they will receive it, from the date they settled the NRE with the fab. They will go straight into production from there. I anticipate early 20's this month for chip info. I got that impression from the openday. I will be worried if I still hear no chip info around 27th. I'm not bothered about a bet that ends on the 1st of October, I'm bothered if I see no chip by the 1st of October. That's the point I'll be twitchy and concerned, if you're feeling like that now you clearly have not read anything about what I wrote or what they have written. It's always been end of September in my mind and i'm cool as a cucumber currently. The fact that Scandanavia's largest bank has partnered with them is massive news, SEB aren't about to be made fools of, and will have ultra stringent criteria, so all's gravy in my mind. Whether the chip performs as anticipated, well that's down to margins upon margins, that said this is is the only pessimistic company in the race. True scientists and engineers are, until they have statistically significant data, the rest of the playing field are hyping simulated data and best case scenarios, that's not science, that's marketing, and unachievable.

My background is in science, engineering, finance and adland. I can tell fact from fiction. You don't need to believe me, just know I'm very content. Make your own minds up, but ffs at least read up so we're singing from the same hymn sheet.

Elaborate?

When last we spoke, they were talking about writing their own driver for cgminer, so I assume it's just that and not a separate mining application. That is not necessarily good news by the way...

That is not necessarily good news by the way...

@ckolivas, @kano

may I say that thery're thanking for the creation of CGminer ?

quoting the relevant part:


sure I would had wanted a more "close" collaboration between KnC and @kano, @ckolivas.

Another possible scenario is that they didn't changed the CGminer's code but only apply tweaks to PCB/IC/whatever... but I'm not an expert so I don't know if it'd be possible.

I just want the KNC pool site to come online so I can get signed up and pre-configure my settings.

Just becuase they aint saying anything or showing anything DOES NOT mean they are not making them or what not.

Mark my words: given the current circumstances, best case scenario is first miners ship at the very end of September (last week for sure), and the vast majority of those who hoped to receive their hardware in September will receive it in October. No working ASIC prototype on September 6th.

Best case.

LOL

Ooh they thanked me too! I feel all warm and fuzzy.

Secondly with regards to CGminer, and it’s opensource protocol we’ve been able to configure our device unassisted and made a greater than 30% performance increase using the underlying code, for which we would like to thank both kano and ckolivas with their outstanding contribution to the community.

bullshit!

Mark my words: given the current circumstances, best case scenario is first miners ship at the very end of September (last week for sure), and the vast majority of those who hoped to receive their hardware in September will receive it in October. No working ASIC prototype on September 6th.

Best case.

they'll use your pre-settings for burn in

Mark my words: given the current circumstances, best case scenario is first miners ship at the very end of September (last week for sure), and the vast majority of those who hoped to receive their hardware in September will receive it in October. No working ASIC prototype on September 6th.

Best case.

I just shot KNC an email, but I figure I might as well pose this here as well. KNC is offering to pre-configure our miners, right? I suspect that each miner will go through a burn-in test of some sort, like most computers do (or at least used too). Is KNC going to do the burn-in using the pool-of-choice, that you've entered on their website, or are they going to make a few BTC by using their own internal pool and pay directly to the wallet they've also asked for on the config page?

I would prefer they use my chosen pool, not their internal pool. But that's just me.