Topic: Swedish ASIC miner company kncminer.com - page 2028. (Read 3049499 times)

There are many weak links in the Bitfury distribution chain for interested parties outside of Russia.  Don't blame him directly for not wanting to deal with the hassle of customs and customer complaints, but he is offering test chips for devs/DIY hackers outside of Russia, which goes a long way to confirming his intent.

BTW *may have a Jupiter 1-500 guaranteed pre-order (#250), and def have a Saturn guaranteed pre-order (#33) available. If anyone is interested PM me by tomorrow night. It can go towards travel expense/poss hotel of I chose to spend a night in Stockholm. If not come Monday eve it can just mean everyone else gets to shift a spot forward in each item...don't have a price in mind, just best bid by the time I make a final private message check wins, make sure you can pay KnC for Monday though.

Bitfury has several drawbacks:
Only sold in Russia.
Who is going to Russia to claim something.
In its favor:
Metabank.ru part of the project, the web is more important to change Russian bitcoins.

Bit Fury's actually offering test chips for dev's and those with test facilities, as for reasons I forget now, he is unable to test certain aspects himself. It is a pretty strong sign he is serious though...

cui bono ?
the people bitching about knc hate those hashing monsters because they invested in avalon chips or else. if they keep people from buying from knc it pays out. i was about to order big time avalon chips when i stumbled across knc. i decided - in the last moment - to switch. what would my feelings be if i had ordered a few days earlier ? would i hate them... or me?   (on the other hand: i should actually not defend knc. the less they sell, the better for me, since i already did order  )

it is incredible though how soft the community is about avalon and how hatefull some are towards knc. i am invested in avalon batch III and i ordered 500 avalon chips and i regret batch III

in a way the competiteveness of the asic miner producers stains through to us - the customers. keep that in mind while enjoying this show.
(i posted this in the kncminer open day first)

And Bitfury finally announced his ASICs. 2x better hashrate than BFL AND releasing specs for DIY. (waiting on pricing...)

Just waiting on someone to actually deliver sth. Avalon was the best bet, now the game is on for an August release by multiple parties.

Good times.

cui bono ?
the people bitching about knc hate those hashing monsters because they invested in avalon chips or else. if they keep people from buying from knc it pays out. i was about to order big time avalon chips when i stumbled across knc. i decided - in the last moment - to switch. what would my feelings be if i had ordered a few days earlier ? would i hate them... or me?   (on the other hand: i should actually not defend knc. the less they sell, the better for me, since i already did order  )

it is incredible though how soft the community is about avalon and how hatefull some are towards knc. i am invested in avalon batch III and i ordered 500 avalon chips and i regret batch III

in a way the competiteveness of the asic miner producers stains through to us - the customers. keep that in mind while enjoying this show.
(i posted this in the kncminer open day first)

So what's the backup plan if this doesn't pan out?

Nope. I just spent ages weighing up the odds on who to place my bets with.

Originally like most I considered BFL. The issue was the competitive advantage and the volume of pre-orders they had at that point, plus growing distrust and no proven prototype (at that point). Actually now to be fair as well as I would only have been interested in the 60gh/s machines (x4).

I had the option of purchasing the Avalon batch 3's. Literally email pinged the moment they released them and I had the chance of being in the 300. I turned down the opportunity as the price wasn't known until that point and it was multiples of before. Plus as we know BFL were *just about* to ship...

I looked around at other offers specifically asicrigs.com, not that I took them seriously, but they were in the UK so I would have paid on pick up in person (I had them agree to this)...but knew too well it was a scam. I had some great fun busting Cedartec and a couple of others, so by the time KnC were claiming to be serious I was in full anti-scam mode. Thing is they started checking out, ORSoC was the biggy...since then I've performed a tonne of research, as of course have others here, in a variety of confidence. I chose to stay optimistic, and have studied product design (BSc) and engineering design (MSc), so I appreciate the itterative process involved in bringing a product to fruition. I had quite a bit of emailing back and fourth and Sam always responded quickly and knowledgabley. Unlike the aforementioned scams it wasn't BS either, he clearly and confidently gave me straight answers and no curve balls.

The Avalon bulk chips were announced and whilst that seems great the issue I have here is the logistics in DIYers splitting and sending respective chip orders to various unknown intermediaries and prioritising their preferred associates. I couldn't confidently see myself with a working ASIC miner (even if the DIY route does work without snags) in an appropriate time and there's too many potential weak links in the chain for my comfort. Actually Terrahash look good, but they're state-side which means crazy import duties for me (UK). I don't think a lot of Butterfly Labs UK buyers have really thought this through properly, the UK's import duty for outside the EU changed last year, there is now an additional stealth levy of 9% on the total cost once the 20% VAT is added for purchases above £130!! Which basically means every mining device from the US.

By this point in any case we all now knew 60-70 gh/s wouldn't have long term use, but would be great for right now. Fact was for me at least it wasn't about to happen right now, and even though Avalon had proven themselves to have working kit, the price upgrade put me off and made me question their intentions. In some ways I'm lucky I had doubts, as they wouldn't have arrived as promised by now anyway!

The KnC route fit my budget, and they are based close by in Europe so I can check them out. Which obviously I am about to for that money! In addition they started throwing the FPGA idea around so I started pressing the Litecoin FPGA idea off the back of reading a Blockburner's thread. I've spoken to him a fair bit and it seemed like a wayy better ROI, but Bitcoin is the dominant cryptocurrency. In any case KnC have promised to revisit that idea, so I'm happy there.

Question is would I like to be on their Payroll? Sure why not, I find this cryptocurrency mining development really interesting. With respect to how I've approached this thread, I've just been helpful to those that are cool and share research and ideas, a little less polite sometimes to those that are too lazy to research and most importantly take responsibility to research themselves, and shot down the trolling shite as it's turned up with no useful purpose. I hope I have been helpful, but trust me it's been for my gain as much as anyone else's!

I probably bullied Daggeto and JohnyJ into attending the openday and asking questions bit too much though, haha!

In any case my confidence, positivity, optimism whatever is nothing to base your decision on, always do our own research. This may as well become a signature now, but the above probably needs a disclaimer in any case!

Edit: another factor i forgot to include was the almost doubling of price and reduction in power BFL revised at the beg of April. I had waited after reading the forums for a while (both BFL and here as a non-member) to see a prototype from them before ordering. I saw the Jalepeno for all of a handful of days before the price increase, but didn't purchase then because I hadn't seen proof of a real multi-chip configuration aside Avalon. Jalepeno evidence does not equal Single SC evidence and how right I was. I still had some itchy feet, the price increase solidified it. For me the KnC choice boils down to this; verifiable background (LinkedIN), video, communications, credit card payment, ORSoC reputation and proximity close enough for me to physically meet and check out those responsible personally, additionally verified by other independent third parties as well (Daggeteo, JohnyJ, 600Watt, et al.).

I'll ask this again since the topic of ORSoC is on the table.   Why has no one mentioned that they have not delivered on their crowd funded OpenRISC ASIC?

Please tell me what world do you live in where a couple of meaningless clicks on a website trumps cash? perhaps instead of telling me to take off the training wheels you should try them on yourself instead.

And as for your examples, if you you're going to walk into a Ferrari dealership and request to be put on a waiting list and pay nothing and expected to be honored you are absurdly wrong.and in regards to stocks the last time I checked you had to submit payment before they were awarded.not the other way around.

Your statement makes just about as much sense as asking a hooker not to sleep with anyone else till next weeks payday.  

Did anyone post a photo of their contract yet?

Have you seen proof of KNCMiner & ORSoC partnership? If such proof doesn't exist, chance is high you will (hopefully) learn important lession here.

I think pre-order ends Saturday at noon as I received their email at noon Monday 6/03. That or at least by Saturday night this thing is locked and real order numbers will be released on Monday.

Order books now open for payment

The order books are now open for the first time allowing full ordering and payment of the Jupiter and Saturn devices. Everyone already has their place in the queue so we are giving everyone 7 days to pay and maintain that place. If there are any technical issues with our website or payment portals over the next 7 days we will of course increase this period accordingly.  Once the 7 days are over we will provide everyone with their final shipping queue placement. We are able to ship hundreds of devices a week using the agreements we have in place with the factories so we still expect to be able to serve the vast majority of customers in September. Unlike others in this industry we will not be doing the assembly in house it will be done at the same professional assembly lines which ORSoC have been using for years.
visit www.kncminer.com for more info

you need to get out more.. tell that to the waiting list for a tesla or a ferrari

or for certain preferred stock in a company...you really need to get off the training wheels of life