Topic: Swedish ASIC miner company kncminer.com - page 1950. (Read 3049501 times)

lol

i dont wanna interrupt your party but bitcoin maybe the first cc but it wont be the end of innovation.

most likely in 20 years you wont use btc anymore cause it got outplayed by stronger better faster safer whatever currencies.

that being said until then there is still alot to earn with bitcoins.

True enough. Personally, I'd like to see their next product with entirely new gen-2 designed chips, assuming this batch comes off without a hitch.

You realize we've still got 4 long years until the next block-reward halving in 2017, and goddamn are we the lucky ones ^_^ Future generations will envy heavily the chance to actually mine even one entire bitcoin... per day. That will be an astounding, eye-opening thing to tell your grandchildren.

Grampa: "Yes Johnny, I once solo-mined a block and got 25 bitcoin."

J: "25 bitcoin, Grampa?! You could buy anything!"

Grampa: *chuckles* "Not quite anything, kiddo. But I did eventually buy this island with one of 'em."

Not sure about the rest of you but I think Knc is going to have to release some pretty significant updates soon including Pic' of Chips, boards etc etc or a LOT of us are going to start getting itchy..


I come from the BFL disaster and I am one of the lucky ones that "JUST" this week got a refund for all my May 2013 orders..  But I had to file claims with Paypal and wait 14 days etc..  

I have a very bad taste in my mouth for anything ASIC after that experience..  

I used Paypal for my Knc order I placed in Mid June(Order #  25XX) and If dont see some pretty significant proof from Knc that they are on track and ok, my Paypal trigger finger will be itching and I have no idea what it will do..

I am gun shy now after BFL and have really NOTHING from Knc yet to make me NOT feel this way..

p.s.   I am Emailing Knc this Post..

True enough. Personally, I'd like to see their next product with entirely new gen-2 designed chips, assuming this batch comes off without a hitch.

You realize we've still got 4 long years until the next block-reward halving in 2017, and goddamn are we the lucky ones ^_^ Future generations will envy heavily the chance to actually mine even one entire bitcoin... per day. That will be an astounding, eye-opening thing to tell your grandchildren.

Grampa: "Yes Johnny, I once solo-mined a block and got 25 bitcoin."

J: "25 bitcoin, Grampa?! You could buy anything!"

Grampa: *chuckles* "Not quite anything, kiddo. But I did eventually buy this island with one of 'em."

They can't do anything less considering each chip is 100GH and the Mercury is a 1 Chip unit.

Can't split chips in 1/2.

I don't think there were explicitly considering sub-$1,000, they just made a cheaper device, the Mercury. They don't want to do sub $1k because they don't want the support headache of having thousands of customers.

I e-mailed about this 2 days ago and Carl from KNCMiner responded:

"You can request a refund at any time prior to shipment date."

IIRC, didn't KNC say we can get refunds up until the time of delivery?  like October for me.

is there a link to that policy?

Yes, I agree they have been doing great things, especially when compared with epic failures like BFL. So far, like I said, they look like the best horse and that is why i paid them and the third party queue trader to be with them. I will also likely pay for their services further and maybe even buy new units.

Regarding the trading queue's, I wish I had not paid as much as I did for my 1-500: I paid because of the RISK. Risk has a cost and KNCminer and a lot of people here do not seem to understand that. Sure in the end they've put an enormous amount of orders in day 1 and 2 thus making everything "fine" (as an aside one has to also ask how much of this was achieved by simply delaying the first units) but when the risk was there some people had to assume that risk or incur in a cost like I did to get rid of it. And that risk came purely due to the surprise KNCminer service of queue trading. I would have been fine as well without losing the few BTC I did to that service but how could I have known???

Now imagine the following: new chip tech comes out that doubles the hash power. KNC puts new products for sale with the new technology. You have money to invest in one of those units but also an "old" unit. What do you do? Sure you can try to get KNC to clarify their position on old unit upgrades but now introduce a few more complications like new unit queues, upgrade queues, hosting offers attached to units, queue trading, "send money in x days" offers, what about upgrades in the new line of products that do not affect the new product queue,... you have to assume unnecessary extra risk coming from KNC trying to be friendly to some clients in your decision and possibly pay extra to third parties to make sure you won't get 3000 THs ahead of you.

Unnecessary loss of money and headaches in an already hard to figure investment!

Has anyone done any of the math to figure out if it's even worth it to buy a Jupiter now? I've been looking to get into ASIC mining for a while, but I always seem to miss the original announcements for these things by a month or two. As I'm sure you all know, the later you receive the device, the longer it takes to pay itself off. I'd hate to order one now to only have it pay for itself in 5 years.