Topic: Swedish ASIC miner company kncminer.com - page 2097. (Read 3049499 times)

Quote from: thomashrev89 on April 28, 2013, 08:11:41 AM

Quote from: dan99 on April 28, 2013, 12:16:18 PM

$ 2,795.00 for 6 GH FPGA? Hmmm Shocked

$ 7,000.00 for 250 GH ASIC(?) seems much better deal...

That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.

you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

For me it seems this is a less risky opportunity then BFL or Avalon. KNCminer has had the time to prepare and get things in order.

Is that based on the unique pricing of their models or showing the community proof of all they've accomplished to date?

KNCminer has showed nothing that sugest that they are a scam. The pricing seems logical to me. i am no expert but making ASIC seems to be a costly procese, not just in the pure cost but also in the uncertainty of the bitcoin marked.

The timing is also right, this is the time i would expect new ASIC companies to pop up that did there homework first before they announced anything.

The fact that they are located in sweden is not bad either. sweden got strict laws when it comes to business, not a easy country to scam anybody in. And im norwegian so i must root for my neighbour.

Actually if their Jupiter miner comes out in September-October, they are too late to the party. Paying $7000 for a 250GH/s miner, will be too expensive because difficulty will be so high that it might take 3-6 months before breaking even. ASICs might have become very little profitable like GPU miners are now.

Also, $3000 for a 6GH/s miner is outrageous. Especially when they claim this on their website: " Shipment begins on mass in just over 2 months".
No batches, just mass pushing it out to the Bitcoin network. Difficulty will skyrocket. One Jalapeno from BFL cost $250, it can do almost the same hashrate. They are already beating kncminer with delivery. Again, kncminer too late to the party...

thomashrev89

full member

Activity: 190

Merit: 100

Quote from: thomashrev89 on April 28, 2013, 12:09:27 PM

Quote from: Phinnaeus Gage on April 28, 2013, 11:09:26 AM

Quote from: thomashrev89 on April 28, 2013, 10:37:24 AM

Quote from: thomashrev89 on April 28, 2013, 08:11:41 AM

Quote from: thomashrev89 on April 28, 2013, 12:09:27 PM

$ 2,795.00 for 6 GH FPGA? Hmmm Shocked

$ 7,000.00 for 250 GH ASIC(?) seems much better deal...

That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.

you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

For me it seems this is a less risky opportunity then BFL or Avalon. KNCminer has had the time to prepare and get things in order.

Is that based on the unique pricing of their models or showing the community proof of all they've accomplished to date?

KNCminer has showed nothing that sugest that they are a scam. The pricing seems logical to me. i am no expert but making ASIC seems to be a costly procese, not just in the pure cost but also in the uncertainty of the bitcoin marked.

The timing is also right, this is the time i would expect new ASIC companies to pop up that did there homework first before they announced anything.

The fact that they are located in sweden is not bad either. sweden got strict laws when it comes to business, not a easy country to scam anybody in. And im norwegian so i must root for my neighbour.

What a Joker

We will see

dan99

sr. member

Activity: 406

Merit: 250

Quote from: Phinnaeus Gage on April 28, 2013, 11:09:26 AM

Quote from: thomashrev89 on April 28, 2013, 10:37:24 AM

Quote from: thomashrev89 on April 28, 2013, 08:11:41 AM

Quote from: Phinnaeus Gage on April 28, 2013, 11:09:26 AM

$ 2,795.00 for 6 GH FPGA? Hmmm Shocked

$ 7,000.00 for 250 GH ASIC(?) seems much better deal...

That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.

you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

For me it seems this is a less risky opportunity then BFL or Avalon. KNCminer has had the time to prepare and get things in order.

Is that based on the unique pricing of their models or showing the community proof of all they've accomplished to date?

KNCminer has showed nothing that sugest that they are a scam. The pricing seems logical to me. i am no expert but making ASIC seems to be a costly procese, not just in the pure cost but also in the uncertainty of the bitcoin marked.

The timing is also right, this is the time i would expect new ASIC companies to pop up that did there homework first before they announced anything.

The fact that they are located in sweden is not bad either. sweden got strict laws when it comes to business, not a easy country to scam anybody in. And im norwegian so i must root for my neighbour.

What a Joker

thomashrev89

full member

Activity: 190

Merit: 100

Quote from: thomashrev89 on April 28, 2013, 10:37:24 AM

Quote from: thomashrev89 on April 28, 2013, 08:11:41 AM

Quote from: Phinnaeus Gage on April 28, 2013, 11:09:26 AM

$ 2,795.00 for 6 GH FPGA? Hmmm Shocked

$ 7,000.00 for 250 GH ASIC(?) seems much better deal...

That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.

you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

For me it seems this is a less risky opportunity then BFL or Avalon. KNCminer has had the time to prepare and get things in order.

Is that based on the unique pricing of their models or showing the community proof of all they've accomplished to date?

KNCminer has showed nothing that sugest that they are a scam. The pricing seems logical to me. i am no expert but making ASIC seems to be a costly procese, not just in the pure cost but also in the uncertainty of the bitcoin marked.

The timing is also right, this is the time i would expect new ASIC companies to pop up that did there homework first before they announced anything.

The fact that they are located in sweden is not bad either. sweden got strict laws when it comes to business, not a easy country to scam anybody in. And im norwegian so i must root for my neighbour.

Bitcoinorama

hero member

Activity: 532

Merit: 500

Is that based on the unique pricing of their models or showing the community proof of all they've accomplished to date?

Phinnaeus with all due respect this is fear mongering and speculation. Up until this point there has been nothing from KNCMiner aside the intention to deliver by people with valid expertise with the backing of a known and local chip manufacturer. All strong signs. There is no reason to remain anything, but optimistic aside from the volume of Avalon chips creating a potentially massive increase in mining difficulty.

Certainly people have been burnt with BFL's outright dishonesty and lack of integrity, but KNCminer have not requested money, but instead asked for some time to assess the feasibility, deliver some assured news and evidence that this is achievable. So let's not judge their lack of proof to the community until such point that they request funds without evidence.

If they are legitimate it would be a PR nightmare if they didn't provide compelling working evidence, such as a prototype and chance asking for financial backing after all that's occurred with competing 'manufacturers'.

ORSoC has the ability to produce this in house.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: thomashrev89 on April 28, 2013, 10:37:24 AM

Quote from: thomashrev89 on April 28, 2013, 08:11:41 AM

$ 2,795.00 for 6 GH FPGA? Hmmm Shocked

$ 7,000.00 for 250 GH ASIC(?) seems much better deal...

That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.

you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

For me it seems this is a less risky opportunity then BFL or Avalon. KNCminer has had the time to prepare and get things in order.

Is that based on the unique pricing of their models or showing the community proof of all they've accomplished to date?

thomashrev89

full member

Activity: 190

Merit: 100

Quote from: thomashrev89 on April 28, 2013, 08:11:41 AM

Quote from: thomashrev89 on April 28, 2013, 08:11:41 AM

$ 2,795.00 for 6 GH FPGA? Hmmm Shocked

$ 7,000.00 for 250 GH ASIC(?) seems much better deal...

That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.

you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

For me it seems this is a less risky opportunity then BFL or Avalon. KNCminer has had the time to prepare and get things in order.

mrspencer

newbie

Activity: 47

Merit: 0

Can't wait until they have the 250GH/s demo unit.

Gomeler

hero member

Activity: 697

Merit: 500

$ 2,795.00 for 6 GH FPGA? Hmmm Shocked

$ 7,000.00 for 250 GH ASIC(?) seems much better deal...

That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.

you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

thomashrev89

full member

Activity: 190

Merit: 100

Quote from: opentoe on April 28, 2013, 03:41:59 AM

$ 2,795.00 for 6 GH FPGA? Hmmm Shocked

$ 7,000.00 for 250 GH ASIC(?) seems much better deal...

That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.

you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

dan99

sr. member

Activity: 406

Merit: 250

May be they will change the price of the 6gh/s miner or goes back to their original plan... we are just waiting. Probably they need a long time to think it over...

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

This company obviously is months and months in releasing anything close to a prototype. From their latest news letter they need our money to fund their ASIC project. Since they don't have any money right now, nothing is happening or being done. They have been talking behind closed doors for many weeks now on how they can get A LOT of money from people without delivering anything for a long time. Basically a bunch of loans from everyone with no guarantee you'll even get paid back. So the best thing they could come up with is trying to lure us in by offering a cheap 6 GH toy for almost $3000 so they can use that money to start their ASIC project. If they could offer a 20 GH then it could possibly be a very enticing deal to try out.

In reality no one wants to dump $3000 into an idea anymore. BFL has already stung enough people and we are pretty much sick of giving our hard earned money to endless lies and failed deadlines. And yes, I bring BFL's failure right into this thread because it could very well turn into the same thing.

PLEASE people, if you are smart, not greedy, don't just give away your money to another product that doesn't even exist.

Looks like something out of an Ed Trice play book.

zedicus

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Activity: 966

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CryptoTalk.Org - Get Paid for every Post!

Quote from: John Self on April 25, 2013, 01:38:51 PM

$ 2,795.00 for 6 GH FPGA? Hmmm Shocked

$ 7,000.00 for 250 GH ASIC(?) seems much better deal...

That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.

its magic .. ya know like a card trick.

< > < > < >

^^ ok where is the red queen? in the middle? left? right?

Wait wait let me shuffle..

< > < > < >

^^ ok now where is the queen? How much ya wanna bet?

lol

opentoe

legendary

Activity: 1274

Merit: 1000

Personal text my ass....

This company obviously is months and months in releasing anything close to a prototype. From their latest news letter they need our money to fund their ASIC project. Since they don't have any money right now, nothing is happening or being done. They have been talking behind closed doors for many weeks now on how they can get A LOT of money from people without delivering anything for a long time. Basically a bunch of loans from everyone with no guarantee you'll even get paid back. So the best thing they could come up with is trying to lure us in by offering a cheap 6 GH toy for almost $3000 so they can use that money to start their ASIC project. If they could offer a 20 GH then it could possibly be a very enticing deal to try out.

In reality no one wants to dump $3000 into an idea anymore. BFL has already stung enough people and we are pretty much sick of giving our hard earned money to endless lies and failed deadlines. And yes, I bring BFL's failure right into this thread because it could very well turn into the same thing.

PLEASE people, if you are smart, not greedy, don't just give away your money to another product that doesn't even exist.

opentoe

legendary

Activity: 1274

Merit: 1000

Personal text my ass....

Hashrate will hit 60 mil this summer, the fgpa miner might not get much btc

"might not" ? You mean NOT ANY.

opentoe

legendary

Activity: 1274

Merit: 1000

Personal text my ass....