Topic: Swedish ASIC miner company kncminer.com - page 2012. (Read 3049501 times)

Bitcoinorama:
What do you know about this:

https://bitcointalk.org/index.php?topic=170332.2520


Thanks

Hey! There's no room for Bitcoin in your top 5!!

Actually we should be questioning why you hate chainsaws...they are one of the top 5 all time contributions of man along with bacon, scotch, shotguns and stripper polls

Everything you say is suspect from this point forward

@kncminer:

In another thread I read about KNC opening a share on Bitfunder soon..?
Is this just a rumour or can you confirm this?

At the same time KnC what their customers to profit, as they want repeat custom, it's how KnC will profit, they have every motivation to remain competitive...

If you want to game a system, any system, you can dig enough to do it.  Kncminer rollout is no exception

But the selective thinking is overboard here.. People believe only the info that supports their fear and anger

They say they aren't doing batches but that can mean different things to different people.. Instead of monthly batches (or more) like Avalon, kncminer might be doing weekly order processing

And as I said earlier, everyone believed this part of what kncminer says since it supports their fears as the latest nervous nelly on this thread is worrying about.  The ordering could very well resemble batch delivery once this is in motion

Owa, I know gpu farms get hot, but I think it will be difficult to heat a house with ASICs!!

As Sam said these things need to be operable 24/7 in locations like Dubai. Central heating usage in summer is not what they're famed for in Saudi Arabia!!

I mean at best I imagine a mildly warm box, not a replacement electric heater...

Okay, in that case it seems I have to apologize as well. But try to read into the topic before posting such comments please - if asked wrong questions can have a second meaning behind them, and your sounded like whining when first read.
Your incentive for buying/ not buying one is completely your own, they have nothing to do with it. As does the delivery time. The preorders were paid as is because of the payments to chipsuppliers etc. NOT because people get their units faster; rather that they can get them. I expect them to order more chips than units paid for in order to cope with more orders. But you have to ask yourself if those are enough if you want to pay in september. If they are not enough you have to wait for the second batch of chips, which will take way longer than october.

Without people paying now there are no non reoccurring engineering costs raised to fund any development, there for no 28nm ASICs and no KnC. September's a long way off in Bitcoin ASIC development. Some may choose the wait, and the queue will undoubtedly be longer then...it's very unlikely any order Bob places on the 20th Sept will arrive October 5th. Scaling of production occurs incrementally over time at a sustainable pace...

Ultimately they've only received funding from peeps that kept their eyes open in this forum so far. May be a few other places, so there obviously was a sudden land rush, but over the course of the next few weeks, perhaps as KnC provide more evidence, more people will join that queue, some with bigger orders. Perhaps a load of disgruntled BFL and Avalon bulk chip buyers, ok maybe not Avalon as that will be hard to refund.

Actually I did just read my OG reply, that did come across hostile, sorry!

It's nothing more than a game of risk on an emerging technology - be that ASIC development, 28nm integrated circuit development, further compounded via a currently unregulated cryptocurrency with a populist movement.

You need to determine where you stand belief wise, and how comfortable you feel about that.

Should KnC deliver on time to spec, you have a more efficient chip then what anyone else is offering, obviously risk is there. Risk is also prevalent surrounding Bitcoin adoption as a mainstream payment method, how governments intend to respond to Bitcoin and it's exchanges, and future Bitcoin price. These are all unknowns.

*If* they do succeed their product will have greater longetivity than another chip currently offered, or in development.

So really your question should be what is the point in investing in any further ASIC development now if the hashrate increases beyond profitability come October? That I cannot answer for you, I have no crystal ball...

Also, I wasn't being overtly hostile, your comment did sound like ill-informed whining, reading it again, it still does sound like you are prepared to blame a company over your own decisions, in any case there is no hard feeling on my part, just inform yourself, be confident in your own decision, and blame no one but yourself for whatever choice you make. We're all in the same boat here. I'm fully expecting more competing companies between now and September,  factored that into my investment choice prior...do not get into debt here!

Don't be afraid to post in this forum, or this thread, but please do make it proactive and helpful...

Global hashrate due to competiting offers and future BTC price is totally out of KnC's control (as it is of any manufacturer), and is a risk any investor faces when mining.

Do what you think is best, but stop whining man, it's embarrassing!

You get into Bitcoin mining believing Bitcoin has a future, which it won't unless people start accepting it as payment, far more work is needed there, than here, as is a greater potential profit in devising ways and means to accept Bitcoin as a payment for a product, or service, than there is, or will be through mining. You don't 'invest' now in mining equipment to realise immediate value. If that's what your plan is, you're a fool. ROI in days/weeks, ain't happening come September.  In my eyes BTC value will dip come September anyway as other 'wannabe investors' ditch coins to cover ROI, and the even more worrying prospect of those that took on board debt to finance. Now that...is really stupid.

Bitcoin is a project in creating a more honest financial vehicle, if you don't believe in the concept GTFO, as anything less and you'll be crying that it's a Ponzi come October and blaming everybody (probably KnC), aside taking responsibility over your own decisions.

Sounds like you haven't done enough research on the subject, you clearly don't know what you are getting into...

If you have the money to spare for 3 Jupiters just buy bitcoins for the rest and hope that in september the btc price is higher than now. And stop crying over spilled milk. you had the chance to order 3, you blew it. same goes for everyone lse who is now crying that it is unfair. why should that be unfair? people orderer their products, they deliver in a first come first serve manner. that is standard practice and perfectly fine with everyone, excpet people who came to late and want a quick roi like you. crap like that pisses me off, pardon my french.

Stand in line please.

I emailed KNC and they told me any new orders made now will be shipped in Oct.  That was as of 2 days ago, 6/19.

The movie "lifeonbitcoin" has its perfect place in this thread, since KnC is a sponsor for it. They are also suppose to lend a Jupiter miner to the couple, and it's supposed to happen end of July or soon after, so it might be the first occasion to see a miner actually working out of KnC labs!  

That's cool man, but we need Bitcoin usable and functional for our purpose to exist as miners that basically process transactions (as opposed to mining). This transaction element is only one side of the...err coin, if you follow.

Without people spending and people accepting Bitccin for products and service's Bitcoin will never increase in value and we'll never see a return on our investments.

This is one area I'm happy at least one mining company understands and, more importantly actively wants to encourage. It's a bold step and proves they have the best intentions, despite the naysayers.

That aside, there is chip info next week, Sam posted in the thread about PSU's for KnCminers on Wednesday I think. Looks positive, no idea what to expect though, well have a rough idea, as do others that attended to open day. But it's not for us to say, aside potentially...

I apologzie if my words offend you.
But Miners are important as traders,users and guiders like you. I just express what i am concerning right now. And I am sure I am not the only person in this forum.
I'm doing something more than a miner. I believe bitcoin is a great invention after internet.
But this board is for custom hardware talking. It's normal to say that.