Topic: Swedish ASIC miner company kncminer.com - page 426. (Read 3050075 times)

Quote from: The Avenger on March 23, 2014, 07:52:56 PM

Quote from: Phoenix1969 on May 29, 2014, 01:56:43 AM

BTW, one of the pictures is an absolute horror show with endless rows of Jupiter modules hashing.

As PsychoticBoy said, it's disgusting. It really is.

Not more than 5%? This datorhall is probably big enough to be 100%+ of what they shipped to customers.

All our earnings are disappearing because we are competing against this (I copied it to imgur so I could embed it):

edited out pic

Thanks knc - assholes Angry

Here - blast from the past - lest people forget what kind of MFs they are

Did KNC have anything to say about this?
I hadn't seen this pic, it's stunning.

Sam said 'Ohta su marvalic plesodoro'

and apparently when he met Sonny, Josh & Yifu he exclaimed 'U kulle rah doe kankee kung' (yup. phonieX1969, you too)

when he met Alex the gimp he told him - 'Bargon u noa-a-uyat'

and finally to you Franken Jup brothers - you shouldve asked 'Va foppa gee wontahumpa?

etc...

WTF? I would have surely sent him your way if they asked, but thanks for thinking of your pal Phoenix... wanker. lol.
Glad to see your spirits are high since getting your refund... congrats
Ever thought about WHY your refund took the longest of any-ones? Hmmm

lemonte

hero member

Activity: 624

Merit: 502

no action on knccloud.com yet, probably next week

You've got them as friends on Facebook, why don't you just ask them?

HardwareReviewer

sr. member

Activity: 255

Merit: 250

Quote from: xhomerx10 on May 28, 2014, 07:26:29 PM

Quote from: The Avenger on May 28, 2014, 06:00:22 PM

Quote from: bkminer on May 28, 2014, 03:56:04 PM

Quote from: faetos on May 28, 2014, 10:23:00 AM

their mining farm generates about $500,000 usd a day. They won't be going bankrupt anytime soon. They're just greedy bastards which is why they delay the refunds.

Sam Cole told Forbes they are making 8,000,000 SEK a day that's $1,203,552.00 USD currently.

The only article I remember was one on a Swedish website that reported knc were mining three million kronor a day, which I calculated at the time was
3,000,000.00 SEK = 458,525.01 USD

https://bitcointalksearch.org/topic/m.6057284

They are still mining $1million+ each week, so I also find it hard to see them going bankrupt any time soon.

That is terrible. So they have driven the difficulty up using our per-order money to fund the operation and neutered our pre-ordered miners in the process while at the same time suppressing Bitcoin price by dumping them on the market as they are produced. Did Sam not say they had a "Customer first" policy?! Huh! Platinum member of the Bitcoin foundation to boot...

Yeah, it seems you have to have a questionable CV to become a platinum member nowadays... And a great deal of (customers') money.

HardwareReviewer

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Activity: 255

Merit: 250

Quote from: Syke on May 28, 2014, 07:21:39 PM

Quote from: xhomerx10 on May 28, 2014, 07:19:02 PM

I thought the mining farm was simply hosting for customer ASICs? They said they would never mine with more than 5% of sales to customers!
Wait I'll see if I can find a link to the quote...
Here it is! https://www.kncminer.com/pages/faq <-- see question #2

Yeah, they didn't actually keep that promise.

And that's not the only promise they didn't keep...

faetos

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Activity: 744

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gotta let a coin be a coin

Quote from: The Avenger on March 23, 2014, 07:52:56 PM

Quote from: Phoenix1969 on May 28, 2014, 01:15:43 PM

BTW, one of the pictures is an absolute horror show with endless rows of Jupiter modules hashing.

As PsychoticBoy said, it's disgusting. It really is.

Not more than 5%? This datorhall is probably big enough to be 100%+ of what they shipped to customers.

All our earnings are disappearing because we are competing against this (I copied it to imgur so I could embed it):

// image removed //

Thanks knc - assholes Angry

Here - blast from the past - lest people forget what kind of MFs they are

Did KNC have anything to say about this?
I hadn't seen this pic, it's stunning.

There's loads of goodies in this 1700 thread forum. Avenger has a knack for finding this crazy (but true) stuff. I just reposted it to help put this back into perspective.

smoothrunnings

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Quote from: xhomerx10 on May 28, 2014, 09:48:12 AM

Quote from: DeathAndTaxes on May 28, 2014, 09:42:18 AM

Quote from: xhomerx10 on May 28, 2014, 09:38:39 AM

Also, A/C's have an efficiency of ~30% which means it would take a 4000 watt unit to remove the heat from your 1260 watts worth of gridseed blades.

Um AC have an "efficiency" of 300% to 500%+. They are heat pumps. 1W of electricity is sufficient to move 3 to 5W of heat.

I feel like such an idiot! Embarrassed

Would you believe I am working night shifts right now?

I apologize, but a fan is about a thousand times more efficient in MOVING heat than any "Air-con".

Besides there nothing wrong with running the equipment at its operating temperature. Google's stage 3 colo uses very little cooling; the colo is about 80F all the time, Google saves over 1billion in cooling costs a each year!

edgar

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Activity: 1859

Merit: 1001

Quote from: The Avenger on March 23, 2014, 07:52:56 PM

Quote from: Phoenix1969 on May 29, 2014, 01:56:43 AM

BTW, one of the pictures is an absolute horror show with endless rows of Jupiter modules hashing.

As PsychoticBoy said, it's disgusting. It really is.

Not more than 5%? This datorhall is probably big enough to be 100%+ of what they shipped to customers.

All our earnings are disappearing because we are competing against this (I copied it to imgur so I could embed it):

Thanks knc - assholes Angry

Here - blast from the past - lest people forget what kind of MFs they are

Did KNC have anything to say about this?
I hadn't seen this pic, it's stunning.

Sam said 'Ohta su marvalic plesodoro'

and apparently when he met Sonny, Josh & Yifu he exclaimed 'U kulle rah doe kankee kung' (yup. phonieX1969, you too)

when he met Alex the gimp he told him - 'Bargon u noa-a-uyat'

and finally to you Franken Jup brothers - you shouldve asked 'Va foppa gee wontahumpa?

etc...

raskul

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Activity: 434

Merit: 250

no action on knccloud.com yet, probably next week

meanwhile, i found this http://bitguy.com

Phoenix1969

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LIR DEV

no action on knccloud.com yet, probably next week

xstr8guy

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Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: The Avenger on March 23, 2014, 07:52:56 PM

BTW, one of the pictures is an absolute horror show with endless rows of Jupiter modules hashing.

As PsychoticBoy said, it's disgusting. It really is.

Not more than 5%? This datorhall is probably big enough to be 100%+ of what they shipped to customers.

All our earnings are disappearing because we are competing against this (I copied it to imgur so I could embed it):

Thanks knc - assholes Angry

Here - blast from the past - lest people forget what kind of MFs they are

Did KNC have anything to say about this?
I hadn't seen this pic, it's stunning.

Say something? They bragged about it in several high-profile publications.

timmmers

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Activity: 1176

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Quote from: The Avenger on March 23, 2014, 07:52:56 PM

BTW, one of the pictures is an absolute horror show with endless rows of Jupiter modules hashing.

As PsychoticBoy said, it's disgusting. It really is.

Not more than 5%? This datorhall is probably big enough to be 100%+ of what they shipped to customers.

All our earnings are disappearing because we are competing against this (I copied it to imgur so I could embed it):

Thanks knc - assholes Angry

Here - blast from the past - lest people forget what kind of MFs they are

Did KNC have anything to say about this?
I hadn't seen this pic, it's stunning.

poodle63

hero member

Activity: 2702

Merit: 510

Leading Crypto Sports Betting & Casino Platform

Quote from: The Avenger on March 23, 2014, 07:52:56 PM

Quote from: crashoveride54902 on May 28, 2014, 09:28:41 PM

BTW, one of the pictures is an absolute horror show with endless rows of Jupiter modules hashing.

As PsychoticBoy said, it's disgusting. It really is.

Not more than 5%? This datorhall is probably big enough to be 100%+ of what they shipped to customers.

All our earnings are disappearing because we are competing against this (I copied it to imgur so I could embed it):

Thanks knc - assholes Angry

Here - blast from the past - lest people forget what kind of MFs they are

Looks Nipy and Tity were the latest physical miner we could purchase from knc.

supah_hasha

newbie

Activity: 7

Merit: 0

Did anyone learn anything from the BFL liars? never trust a asic company period Cheesy

they say one thing do another...and it'll happen with every asic company too Tongue

if you owned a asic company and was able to make knc dc, would you stick to your promise? hell no you wouldn't Tongue

and if you said yes you should go work for BFL or any asic company hehe

seems like everyone is a scam of some kind here, keep finding it thread after thread. Sad

did knc actually deliver their litecoin mining hardware? just got to this thread and only read the last few pages of rage :/

crashoveride54902

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Activity: 784

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Dream become broken often

Did anyone learn anything from the BFL liars? never trust a asic company period Cheesy

they say one thing do another...and it'll happen with every asic company too Tongue

if you owned a asic company and was able to make knc dc, would you stick to your promise? hell no you wouldn't Tongue

and if you said yes you should go work for BFL or any asic company hehe

5craziest

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Quote from: jimmothy on May 28, 2014, 07:41:42 PM

Everyone here is greatly exaggerating how much KNC is mining.

Assuming http://organofcorti.blogspot.com/ is accurate, then KNC only has 5.5 ph/s or less than 7% of the network.

That would mean they only mine about 250btc per day and spend about 50btc on electricity. (10MW @ 0.1/kwh)

200btc per day is not really astronomical.

this Swedish interview with Sam Cole was published on 3/24/14.

http://www.di.se/artiklar/2014/3/20/drar-in-en-halv-miljard-pa-bitcoin/?flik=senaste

I don't speak Swedish, but translated, he says that they are mining 3 million Swedish krona daily. The exchange rate on that date was 6.3977 krona/dollar, or $468,918USD/day. The bitcoin exchange rate on that date was nearly identical to what it was today, approximately $575/bitcoin.

That would put the number of bitcoins mined on 3/24/14 in the range of 815/day

Syke

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Activity: 3878

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Quote from: jimmothy on May 28, 2014, 07:41:42 PM

Everyone here is greatly exaggerating how much KNC is mining.

Assuming http://organofcorti.blogspot.com/ is accurate, then KNC only has 5.5 ph/s or less than 7% of the network.

Did you miss the part about "We will not mine with more than 5% of the hash rate we sell"? 7% of the network is many times greater than 5% of their sales. That's a huge broken promise.

jimmothy

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Everyone here is greatly exaggerating how much KNC is mining.

Assuming http://organofcorti.blogspot.com/ is accurate, then KNC only has 5.5 ph/s or less than 7% of the network.

That would mean they only mine about 250btc per day and spend about 50btc on electricity. (10MW @ 0.1/kwh)

200btc per day is not really astronomical.

faetos

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Activity: 744

Merit: 514

gotta let a coin be a coin

Quote from: The Avenger on March 23, 2014, 07:52:56 PM