Topic: Swedish ASIC miner company kncminer.com - page 243. (Read 3049515 times)

KNC Cloud is about 100% markup:  

Lets assume their machines are:       .7 watts efficient.      Electricity cost .10      Diff jumps 15%        BTC price $400-405

For customers:

This  isnt too bad considering ROI is only 20% under even, which no asic machine on the market can even come close to claim.  Basically customers are paying $250 for .5 btc

Should make customers (payout from KNC) .5 btc in those 6 months with no electricity cost which is about $200-205 now.

For KNC:

Eating the electricity they only mine about .2 btc ($80) but they also pocket your $250.  SO its about plus $130 after paying customer .5 btc ($200 value)


   400GH/s BTC cloud mining
C400
400 GH/s for six (6) months at 249 USD ≈ 0.6 USD/GHs
(≈ 41USD if calculated as a monthly expense).
This is powerful Bitcoin mining made easy.
Our 24/7 polar night, midnight sun location features:
* No fiddly maintenance - set it and forget it.
* Up-to-the-minute stats with graphs on mining history.
* Individual payout threshold settings.
* One-click calculation of sharing balance among addresses.
* Split payouts onto multiple addresses automagically.
* Statistically stable output with KnC:s 10+PH/s Clear Sky Pool (PPS).
* No hidden fees (no setup costs, no maintenance fee, no pool fee, no electricity fee). The price we market is the price you pay.
* No ”+-5% fluctuation” (we absorb fluctuations with our margin mining on top of the pool) - the gigahash you pay for is the gigahash you get.
* 2-factor authentication & SSL-protection.
All applicable costs are included in the packaged contracts. The price we market is the price you pay.
These online mining contracts are payable in bitcoin and litecoin and sold as full 6-months packages. Activation immediately upon full payment is confirmed by our staff. This offer is only available in select territories (we're working to expand that list) and for a limited time. When ordering our web shop will alert you if you're ordering from a territory to which we can not yet deliver.
$ 249.00

May be Xmas already~~~

nope.

Has anyone received Batch 1 Titans yet ?

Nope, incompetence - and they didn't care.
It was clear that each cube would draw >>200W, so why spec a 75W plug?!? Greed and negligence!



I still believe it's not that KnC "see's that now", but that they were under pressure. I have notified one consumer agency regarding the fire risk and also threatened to return the Titan straight away. I'm pretty sure "burning cables" would be interesting to many health and safety authorities.

It's damage control of KnC, nothing else.

Please READ their T&C before handing over your money. Just flip through "Liability" and it'll set you straight again. They can basically non-deliver without compensation - at least to the maximum extent permitted by law. Rest assured you'll need to find a lawyer before KnC pays you any compensation.

...but thinking again... please order... someone's got to pay for my Titan refund if it gets through.

KnC should have put two PCIe power connectors on each module, but I assume they miscalculated the power requirements and that's why they only included one.

That mistake made, they should have included PCIe Y cables with every Neptune. It's a cheap solution to the problem. Finally they see that now, and are sending out Y cables to every customer.

I purchased Y cables (from Cablez) back in July, so KnC are too late to the party as far as I'm concerned. They should have just shipped them with the original product. On the same note, they should have also included an extra ribbon cable (for the controller), as I had two duds sent to me. Also the ribbon cables should have been twice the length, at least. Or they should have just used a standard connector like USB so we could easily buy our own cables.

These cost-cutting measures are ridiculous considering the rig cost $10k, especially since the solutions (e.g. Y cables, longer ribbon cables) don't sound particularly expensive.

 Based on that CV I'd say he's got one or two months left with KNC. 
Anyone get a refund lately?

http://se.linkedin.com/in/kurt667

^ The fella who couldn't bring himself to tell KNC customers that the Titan firmware was crapped up 11 days after announcing 'Brace For Impact'.


Customer service par excellence ! Avoid KNC.

I do wonder whether this is my "fault".
I sent them a pretty clear letter >1 week ago (arrival last Wed/Thu) saying that I demand a refund if the Titan comes with 1 x PCIe 6pin. I've also made it clear that a fire hazard is completely unacceptable.
And I've reported them to an consumer authority regarding sale of dangerous product (see Neptune) and attached a few pictures of molten connectors.

It could be that KnC was scared and thought it's safer/cheaper to include Y cables now.

Shute, I should have waited for delivery and THEN screw them! At least it should have cost them as much as my Titan has cost. I'm not going to stop here. I want to be a pain in the ass for KnC - they deserve some love, just how they showed us, their customers, all the love they could.

https://bitcointalksearch.org/topic/contacting-authorities-regarding-kncminer-titan-neptune-781435

I was thinking later the other reason might be because the draw from two PCI-E connectors would be balanced so the molex connector on the PSU shouldn't melt. So I may have to buy a few more 16AWG wires, we'll see.

The Corsair AX1200i won't power a Neptune module without 2-to-1 PCIe Y power cables. This is because the Neptune modules draw too much power across a single PCIe cable and trip the Over-Current Protection in the AX1200i. The Y cables split that power draw across two PCIe ports on the PSU and hence avoid tripping the OCP.

Dumb asses, would have avoided the problem by adding 2 power ports tot he board instead of 1.


OR  maybe this was their strategy all along to delay the rest of the production line.

I still haven't figured out the purpose of the Y cables?

Why would they go for a series A if they had lots of money ? It means giving up a lot of equity and control in the company.
I don't think their business is as good as a lot of people assume.

People are still flocking to BFL and giving them money. That alone gives me faith that pigs do in fact fly. Anything is possible.

Why would they need more money , they just signed a 16million deal with that VC group

Titan shipping halted due to 'last minute' firmware bug …

Well within Q2/Q3 indeed

Nice to figure still knc fans out there, you did a good job.

Where are you getting 24m/usd? They are their own R&D team. They've maintained a 90% profit margin on their equipment from day 1 in 2013. I think they can manage to keep their business model intact and still scrape money from people.


Banks don't have a problem with them, I would wager. They've been able to purchase a lot of land and equipment and lease the same. Banks clearly have no issue with them. If anything, banks are encouraging their behaviour.


By saying "we have a preorder opening up", and people flock to it. Also, you're forgetting that a significant growing number of purchases are coming from businesses and entities, not individuals.



I have this weird feeling that they're doing ok by themselves, and are more interested in making sure they get more money, than the consumer.