Topic: Swedish ASIC miner company kncminer.com - page 1919. (Read 3050071 times)

I think as potential competition hots up (and I think we are only *just* starting to see potential competition - it's going to get a LOT stronger) it's time for KnC to keep quiet with their future intentions and stats that give an idea of their next move to competitors, quit talking, and time to simply walk the walk by demonstrating skill and capability...

After having a meeting with colleagues(seperate entities) in a brainstorming session that took over 7 hours, I was compelled to share the following with my genius friends here in the forum to chew on... hope it helps someone...
We had a Pow-wow discussion about the hosting situation at KNC, which we had been excited about such a great deal because our electrical costs here alone seemed to make hosting a bargain. (.43/kwhr is 309.60/month for a Jupiter), so for $350 a month, that's like paying $40.40 per month for hosting a Jupiter with the "Dream Team" as we call KNC...
Then we got the bad news.
Hosting will be up-front. This changes everything.
Ultimately, we decided against having KNC host the 3 Saturns we ordered for the following reasons...
1. The UP-Front policy changed the ROI drastically.
  a. Hosting 3 Saturns for 6 months costs 4200 dollars... up-front
  b. Buying another Saturn costs $3,897.60 here in Hawaii with shipping.  (see where I'm going with this?)
2. Here in Hawaii, the electric cost is the among the highest in the world, literally .43/kw/hr, which comes to $464.40/month for the original 3 Saturns just for electric, or $154.80/month/Saturn; which comes to  $928.80 in electric over the six month contract term for each Saturn here in Hawaii.  That's a difference of $3,271.20 over the 6 month hosting fee, which is the actual cost of hosting a single Saturn after electric for us.
3. Now, instead of spending the $4,200.00 on hosting, if we simply bought another Saturn, we would have increased our hash-rate by 25% (200Gh/s)over that six months for $3,897.60. With a projected ROI of 30 days,(We feel an modest estimate) that would leave us with over 300 dollars, and 5 months of pure hashing profit over the same six months, not to mention that we still have the machine hashing long after that.

To put it more simply; Consider the comparison of up-front hosting fees against the lifetime income potential of the machine, minus electric.

We argued other points, like how much we could make in the few days it took to ship versus hosting, which was an attractive point since we are literally on the other side of the world, and what we could stand to loose if the package took 10 to 14 days to arrive.... but with every calculation, the numbers were negligible in comparison to the lifetime ownership of another machine.

Now, if We were able to pay on a month-to month basis during the 6 month term, we would have certainly went for hosting straight away, due to the drastically lower start-up costs. (Hint to Sam & Andreas)

Expensive? Well Just reasonable as the basic cost, for 25 US cents per kWh, 432 kWh at most per month, in Saturn case. I think it is sensible. You can count yourself as the people look after your avatar, isn't it?

Does anyone know if a Jupiter (or Saturn) would fit as a carry on and would there be customs/duty problems going from Sweden to US?
Thanks.

Does anybody know when the purchasing window closes this year?

Does anybody know when the purchasing window closes this year?

Has anyone seen the new update today with the hosting plans?  Suuuuuppper expensive.  Unless we can hope to see a serious price jump it wouldn't make any sort of sense to host there unless you were a bitcoin millionaire bum?

Bitcoins through Bitpay (see previous posts).

Did you originally pay in bitcoin or USD?

Hey guys about my issue they emailed me today and said they will refund me in USD!

The guys are very professional IMO and too bad I did not catch the pre-orders...
Next time!

I hope they will deliver on time, they deserve to succeed.

Two things I'd like more info on. October...which end of it?  Next gen..stats and prices they have as targets.
We can't do much about hashrates and all that side of things now, but we can plan for the future better with some basic info.

I also wonder if them talking about a LTC rig may be their backdoor out if things get too much in BTC..sensible way to go possibly.

Yes it has been, it's pretty simple math. Remember, each 2016 blocks are being solved in 11 days or less right now and each increase has been over 20%. Compound that ~3 times per month and 60% appears conservative.