Author

Topic: Swedish ASIC miner company kncminer.com - page 175. (Read 3049514 times)

legendary
Activity: 1848
Merit: 1001
November 21, 2014, 07:57:16 PM
ever since KnC turned up with BullShit promises, well thought-out lies & paid off shills the whole company has been a complete turd run by cunts and supported by our hard earned funds!

In fairness to the expletive above - solar is an awesome investment if you can get it priced right (and delivered)

I recall another poster discussing solar companies in the same way we discuss ASIC companies - full of deception, lies & false promises but he/she did eventually get what they were looking for.
legendary
Activity: 938
Merit: 1000
LIR DEV
November 21, 2014, 11:24:37 AM
From what I can find, the best rate you'll pay in Sweden for electricity is about 8 eurocents per kWh, which isn't very good. That's what large mines and data centres pay.
Shish... Try 43 cents a Kilowatthour...  8 cents is friggin cheap compared to The Big I.
But now solar saved me. (Yep, Jupiter coin was spent to get it)
GoodBye 350 to 550 a month electric bills.
Wish Neppie or Titan could do the same but ever since they went corporate with Brock and other idiots the whole company went down the toilet.
legendary
Activity: 966
Merit: 1000
November 21, 2014, 11:20:32 AM
which is the best diff for titan?? Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes

I've been using 32768, which is the highest diff my pool allows.

It seems to make for about 10 share submissions per minute.

Whether that's the "best" setting or not I couldn't say.

legendary
Activity: 980
Merit: 1040
legendary
Activity: 1274
Merit: 1004
November 21, 2014, 09:06:53 AM
Regardless, according to ooc their average hashrate in March was ~3630TH/s. Say 1J/GH, and that's 2.7GWhr in March. $450,000/2.7GWh = $0.167/kWh. Obviously there's some pretty decent error bars there, but even if you said they had enough hashrate to mine (let's say 6500TH/s) BTC21000, that's $0.095/kWh.

Hydro666, which operates in the same place using the same hydro power, charges its customers $79 per kW per month. That works out to ~$0.11/KwH but is fully inclusive "Our pricing is fully inclusive (space, power, cooling, security, remote power reboot etc.)". And of course includes their profit margin. So its fair to assume KnC pays significantly less that than in electricity alone.

Id also assume KnC mines on different pools to reduce the variance.
Yeah, as I said pretty big error bars. There are lots of place that could be off, for instance if they're running much more than 1J/GH (and they very well might have been) that would lower the cost/kWh in the above as well. $450,000 might have also been $431,195 and got rounded up, or their billing cycle might have been March 6 to April 6 and that skews the power data.
Do you have a link for the Hydro666 offering? I can't find a website or really anything about them.
legendary
Activity: 980
Merit: 1040
November 21, 2014, 03:42:03 AM
Regardless, according to ooc their average hashrate in March was ~3630TH/s. Say 1J/GH, and that's 2.7GWhr in March. $450,000/2.7GWh = $0.167/kWh. Obviously there's some pretty decent error bars there, but even if you said they had enough hashrate to mine (let's say 6500TH/s) BTC21000, that's $0.095/kWh.

Hydro666, which operates in the same place using the same hydro power, charges its customers $79 per kW per month. That works out to ~$0.11/KwH but is fully inclusive "Our pricing is fully inclusive (space, power, cooling, security, remote power reboot etc.)". And of course includes their profit margin. So its fair to assume KnC pays significantly less that than in electricity alone.

Id also assume KnC mines on different pools to reduce the variance.
hero member
Activity: 770
Merit: 509
November 21, 2014, 02:58:32 AM
From what I can find, the best rate you'll pay in Sweden for electricity is about 8 eurocents per kWh, which isn't very good. That's what large mines and data centres pay.

Quote
KnCMiner, based in Stockholm, operates about 7,000 machines. While the mining company’s electric bill in March came to $450,000, the computers mined 21,000 bitcoins, according to co-founder Sam Cole.
http://www.businessweek.com/news/2014-04-11/bitcoin-mining-boom-sputters-as-prospectors-see-real-cash-losses

21000x$600 = $12,600,000
$12,600,000 - $450,000 = $12,150,000
Do not, ever, in any way, feel sorry for these c@ck-suckers.

Well, according to organofcorti's blog KnC found about 12,000 bitcoins in March so unless they were hiding hashrate that 21000 doesn't seem right.

Regardless, according to ooc their average hashrate in March was ~3630TH/s. Say 1J/GH, and that's 2.7GWhr in March. $450,000/2.7GWh = $0.167/kWh. Obviously there's some pretty decent error bars there, but even if you said they had enough hashrate to mine (let's say 6500TH/s) BTC21000, that's $0.095/kWh.

Here are the mining addresses they used during March:

1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X
1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX
legendary
Activity: 1274
Merit: 1004
November 21, 2014, 02:40:57 AM
From what I can find, the best rate you'll pay in Sweden for electricity is about 8 eurocents per kWh, which isn't very good. That's what large mines and data centres pay.

Quote
KnCMiner, based in Stockholm, operates about 7,000 machines. While the mining company’s electric bill in March came to $450,000, the computers mined 21,000 bitcoins, according to co-founder Sam Cole.
http://www.businessweek.com/news/2014-04-11/bitcoin-mining-boom-sputters-as-prospectors-see-real-cash-losses

21000x$600 = $12,600,000
$12,600,000 - $450,000 = $12,150,000
Do not, ever, in any way, feel sorry for these c@ck-suckers.

Well, according to organofcorti's blog KnC found about 12,000 bitcoins in March so unless they were hiding hashrate that 21000 doesn't seem right.

Regardless, according to ooc their average hashrate in March was ~3630TH/s. Say 1J/GH, and that's 2.7GWhr in March. $450,000/2.7GWh = $0.167/kWh. Obviously there's some pretty decent error bars there, but even if you said they had enough hashrate to mine (let's say 6500TH/s) BTC21000, that's $0.095/kWh.
hero member
Activity: 784
Merit: 1004
Glow Stick Dance!
November 20, 2014, 11:59:24 PM
I went by KnC's offices this morning.  KnC claims that they have now issued refunds to all Jupiter customers who requested them.  I received my refund on the 17th of November in bitcoin, even though it was specifically acknowledged by KnC that my refund would be via wire transfer to USD at my bank.  Hopefully that will get sorted out.  I can vouch for their office setup at a minimum, they have multiple employees and appeared very busy handling support and development.  That being said, they still took six months to issue me a refund and didn't even issue it correctly... Feel free to PM me with questions.

Wait, what?! Refunds for Jupiter customers? Are you sure you're not thinking of another product named after some other celestial body?
legendary
Activity: 1848
Merit: 1001
November 20, 2014, 09:59:03 PM
KNC is a crap company with crap products, crap customer support and crap ethics. In summary, KNC is just a bunch of doodoo fouling up the streets of Stockholm and the bitcoin world.

vs

BTW, anyone else notice how they put the component that reports the chip temperature at the very *edge* of the board

Derogatory comment with no supporting evidence !


Talk to you guys soon when Neptune ships ON TIME and OVER SPEC to see what kind of CYA excuses you are making for yourselves.

Still makes me chuckle - at least you've seen the light now - praise (bitcoin) jesus!  Grin



I'm not shy about admitting that I now understand what you folks were going through. Let me add though that you would have personally been a lot more convincing without the drama-queen and low-life rhetorical approach you adopted.

Just the facts and nothing but the facts would have brought a lot of us around to your point of view a lot sooner.



Now thats just untrue!

we were called liars, trolls, cry-babys, and god knows what else when we (at least I) were literally begging for support.

the now, in-line with reality crew were back then some of the biggest cunts i have ever had the misfortune of encountering online.

People forget due to ENDLESS wittering about NOTHING, that SOME PEOPLE here, spent MONTHS sucking KnCs ballsacks to the detriment of EVERYONE ELSE!!

so from the bottom of my heart - FUCK YOU ALL - you KNOW WHO YOU ARE (pretending to be today), - you cunts!


just in case the deluded want to act all, who? me?

Bitcoinorama/old dominiom - yes, fuck you!

PhonieX1969 - FUCK YOU sideways!

Searing the dim - Fuck you with a screwdriver!

...

aside from that i'll not be sending kennemar, cole or any of those sneaky fuckers any more financial lube so they can shaft us that much easier.

legendary
Activity: 966
Merit: 1000
November 20, 2014, 09:00:27 PM
FYI, Seen on IRC this evening:

Quote from: #kncminer on freenode
hno: are there any plans to get better performance on multipools ?
flood, 1.11 should do pretty well already I hope.
hno: only 280MH/s on 24h avg on clevermining
bfgminer keeps restarting..
BFGMiner doesn't have multipool support until 4.99/5.0, and AFAIK no multipools are actually enabled yet
Vibe, bfgminer restarts on 1.11 for you?
if so then please file a bug report. https://github.com/KnCMiner/titan/issues is a reasonable place I think.
Luke-Jr, what do you mean by multipool, and what would you call the pools that dynamically switches which "coin" they mine?
Luke-Jr, are you maybe talking about multi-algorithm pools, and not just multi-coin pools of the same algorithm?
hno: multiple blockchains within a single BFGMiner running instance
pools that dynamically switch which "coin" they mine is not something that is supported by current versions
and when/if it works, does so only by accident, and AFAIK never in balancing modes
BFGMiner tracks the blockchain and will not mine on a block that is out-of-order

legendary
Activity: 1904
Merit: 1007
November 20, 2014, 07:14:04 PM
KNC is a crap company with crap products, crap customer support and crap ethics. In summary, KNC is just a bunch of dodo fouling up the streets of Stockholm and the bitcoin world.

vs

BTW, anyone else notice how they put the component that reports the chip temperature at the very *edge* of the board

Derogatory comment with no supporting evidence !
Talk to you guys soon when Neptune ships ON TIME and OVER SPEC to see what kind of CYA excuses you are making for yourselves.

Still makes me chuckle - at least you've seen the light now - praise (bitcoin) jesus!  Grin

I'm not shy about admitting that I now understand what you folks were going through. Let me add though that you would have personally been a lot more convincing without the drama-queen and low-life rhetorical approach you adopted.

Just the facts and nothing but the facts would have brought a lot of us around to your point of view a lot sooner.

I am ok with myself when it comes to that. In the past the facts were pro KnC and I don't regret supporting them in their Jupiter days. A big red flag should have raised in anyone's eye when I had to wait 3 weeks in April to get my refund for my Batch 0 Neptune. There was clearly something fishy going on over there.

Welcome back Avenger. Will you vanish after KnC will fall?
legendary
Activity: 1316
Merit: 1014
ex uno plures
November 20, 2014, 06:47:34 PM
KNC is a crap company with crap products, crap customer support and crap ethics. In summary, KNC is just a bunch of dodo fouling up the streets of Stockholm and the bitcoin world.

vs

BTW, anyone else notice how they put the component that reports the chip temperature at the very *edge* of the board

Derogatory comment with no supporting evidence !


Talk to you guys soon when Neptune ships ON TIME and OVER SPEC to see what kind of CYA excuses you are making for yourselves.

Still makes me chuckle - at least you've seen the light now - praise (bitcoin) jesus!  Grin



I'm not shy about admitting that I now understand what you folks were going through. Let me add though that you would have personally been a lot more convincing without the drama-queen and low-life rhetorical approach you adopted.

Just the facts and nothing but the facts would have brought a lot of us around to your point of view a lot sooner.

hero member
Activity: 798
Merit: 1000
November 20, 2014, 05:05:32 PM
From what I can find, the best rate you'll pay in Sweden for electricity is about 8 eurocents per kWh, which isn't very good. That's what large mines and data centres pay.

Quote
KnCMiner, based in Stockholm, operates about 7,000 machines. While the mining company’s electric bill in March came to $450,000, the computers mined 21,000 bitcoins, according to co-founder Sam Cole.
http://www.businessweek.com/news/2014-04-11/bitcoin-mining-boom-sputters-as-prospectors-see-real-cash-losses

21000x$600 = $12,600,000
$12,600,000 - $450,000 = $12,150,000
Do not, ever, in any way, feel sorry for these c@ck-suckers.
hero member
Activity: 798
Merit: 1000
November 20, 2014, 04:56:43 PM
KNC is a crap company with crap products, crap customer support and crap ethics. In summary, KNC is just a bunch of dodo fouling up the streets of Stockholm and the bitcoin world.

vs

BTW, anyone else notice how they put the component that reports the chip temperature at the very *edge* of the board

Derogatory comment with no supporting evidence !


Talk to you guys soon when Neptune ships ON TIME and OVER SPEC to see what kind of CYA excuses you are making for yourselves.

Still makes me chuckle - at least you've seen the light now - praise (bitcoin) jesus!  Grin

hero member
Activity: 882
Merit: 1003
November 20, 2014, 04:41:04 PM
From what I can find, the best rate you'll pay in Sweden for electricity is about 8 eurocents per kWh, which isn't very good. That's what large mines and data centres pay.

Plus maintenance and rent.
legendary
Activity: 915
Merit: 1005
November 20, 2014, 03:05:17 PM
TITAN had anyone have

two cubes with two working dies each


working at same hashing speed like 1 good tube or not?HuhHuhHuh??

You were offered that option for your RMA ?
legendary
Activity: 2408
Merit: 1004
November 20, 2014, 03:01:24 PM
It depends of what???
legendary
Activity: 974
Merit: 1000
November 20, 2014, 02:54:09 PM
well, it depends.
legendary
Activity: 2408
Merit: 1004
November 20, 2014, 01:41:46 PM
TITAN had anyone have

two cubes with two working dies each


working at same hashing speed like 1 good tube or not?HuhHuhHuh??
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