Author

Topic: Swedish ASIC miner company kncminer.com - page 551. (Read 3050074 times)

hero member
Activity: 770
Merit: 509
IMHO putting 30 Spooners in one rack is a non-starter.
Because of the heat density you would have to spread them amongst racks.
Most ordinary racks can not dissipate more than about 10KW with the doors closed without some serious (i.e. expensive) cooling solurtion (water cooling, sealed hot/cold aisle, high volume air flow, etc.).
Also, most data centres are not designed to handle that kind of spot heat output (I worked in data centres for 36 years).
Sorry, big generalisation here as I do not know your precise circumstances, but when I watched their video when they said you could put 30 in one rack I split my sides laughing.  Grin
You're welcome to visit our state of the art DC in Israel. No water cooling, very efficient air cooling.

PUE?
donator
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
IMHO putting 30 Spooners in one rack is a non-starter.
Because of the heat density you would have to spread them amongst racks.
Most ordinary racks can not dissipate more than about 10KW with the doors closed without some serious (i.e. expensive) cooling solurtion (water cooling, sealed hot/cold aisle, high volume air flow, etc.).
Also, most data centres are not designed to handle that kind of spot heat output (I worked in data centres for 36 years).
Sorry, big generalisation here as I do not know your precise circumstances, but when I watched their video when they said you could put 30 in one rack I split my sides laughing.  Grin
You're welcome to visit our state of the art DC in Israel. No water cooling, very efficient air cooling.
sr. member
Activity: 434
Merit: 250
$10000 for 3000GH = 0.007 btc per gh,

same price as you get on PBMining for 5 years hashing - and yes, that's overpriced.
hero member
Activity: 1316
Merit: 503
Someone is sitting in the shade today...
$10000 for 3000GH = 0.007 btc per gh,  cex april end is 0.008, may end is 0.004, chinese 1th is 0.006 with 3-4 days delivery.

Unfortunately this preorder is already dead on arrival.  A for efforts though..
legendary
Activity: 1904
Merit: 1007
Can't wait to receive double the order i made with so many refunds Cheesy (won't happen, but i like to dream)
hero member
Activity: 560
Merit: 500
I have to ask an information. When you received a refund, what's motivation on bank transfer from knc ? refund ?
hero member
Activity: 536
Merit: 500
I finally requested a refund. It was a fun run, but I now estimate that if I am to make a profit, BTC will have to rise in value, and in that case it would obviously be better to just buy BTC directly.
hero member
Activity: 784
Merit: 1004
Glow Stick Dance!
also the litecoin payment system is not working, i tried to pay for a 'titan' with LTC but failed 4-5 times. i think its a sign - IE - dont bother.
You read this thread and are still willing to put money down on the no refunds black hole that is:



Funniest meme I've seen in months.  Thanks!
hero member
Activity: 798
Merit: 1000
I trust a man who knows what he doesn't know 100x more than a man who thinks he knows everything.

ICCCCEEEBBBBBEEEEERRRRRRRRRRGGGGGGGGGGGGGGGGG!


                                                                                                                                                                 ^ Me
hero member
Activity: 728
Merit: 500
I got my refund today at my Credit Union! I was having so many problems since I had to use 2 swift codes but it did go through, I am so happy.

Now the funny part. I opened a new bank account today at the Royal Bank to process the refund since KNC didnt seem to know how to wire money to a CU. As I was walking there I got a phone call that the bank had been robbed and that I needed to go to a different branch, thought to myself this is going great already. Went to the other branch and set everything up no problem, got my swift code and account number etc. Get back to work and low and behold there is an email from my Credit Union telling me that the funds had just arrived!

I'm just happy to be out of this mess now and pay off some bills. Since my order is now cancelled expect an update from KNC that they will be doubling the Neptune hashrate :p

hero member
Activity: 575
Merit: 500
My online bank account statement shows the money has arrived today - very fast indeed !

I think it was mentioned earlier somewhere that they issue refunds on Tuesdays
newbie
Activity: 40
Merit: 0
Well in case anyone is wondering, they're still processing refunds without problems, I just asked for a refund of a Neptune (CA batch) and they said it'll be processed shortly...

The problem is you have recieved it yet?

J



I sent an e-mail requesting refund of my CA batch Neptune Friday morning, including bank details. The response within 2 hours: Refund will be processed shortly. Today the status in the history switched to "Order refunded".

Will let you know when the money hits my account.

My online bank account statement shows the money has arrived today - very fast indeed !
hero member
Activity: 560
Merit: 500
What interpetation we have to give at Q1/Q2 promised delivering ? Depends on meaning of "/" in Q1/Q2. What interpretation to give? In fact, it is entirely plausible That "/" means that the Neptune is delivered between the last days of March and early April. Knc should be more careful in writing the terms of the contract.

from wikipedia : http://en.wikipedia.org/wiki/Slash_(punctuation)#In_English_text

Quote
The slash is most commonly used as the word substitute for "or" which indicates a choice (often mutually-exclusive) is present.

They obviously meant "or", i.e. "Neptune will ship in either Q1 or Q2." They did that to dupe people into believing that Q1 was a possibility. They were never going to ship in Q1, but they wanted people to think they would, without flat out lying about delivery dates. It worked. Tons of people ordered believing in a false Q1 ship date.

In this case interpretation of "/" is to intend in this way: Knc promised us to ship all miners in the period starting from q1 to q2. But the did not shipped anything in q1. They broke their promises. They have to refund us (if we want)  not only in dollars, but also in BTC
legendary
Activity: 3990
Merit: 4597
They did that to dupe people into believing that Q1 was a possibility. They were never going to ship in Q1, but they wanted people to think they would, without flat out lying about delivery dates. It worked. Tons of people ordered believing in a false Q1 ship date.

I think that everybody agree on this point by now. Miners are so gullible, they don't care-watch those Titan orders, LOL, although, I think that Titan will probably ship before Neptune just to make a point [that they are not always trying to fool you].
legendary
Activity: 3990
Merit: 4597
Here are my predictions:

1. KnC will create 3 datorhalls by April 30. They will use one for themselves-they are already doing it.
2. They will provide a choice to struggling Neptune pre-order holders: refund, use 3TH in the datorhall for 3 mo for free, then pay high price/mo OR wait and get Neptune on June 30 (last day of Q2) plus straight refund option, of course. I assume that one datorhall would be for those who take the hosting option.
3. They will also announce selling of bitcoin hashing on first-come-first serve basis. Because cloudhashing services are ridiculously overpriced, one datorhall will pay for the other two.

All scenarios are bad, of course, there is no silver lining.
At this point my wish is for BTC to go to $60; although i will get a big hit on current bitcoin holdings, I would be able to purchase 5 times more with cash and disgusting hosting farms will be finished for good.

legendary
Activity: 3878
Merit: 1193
What interpetation we have to give at Q1/Q2 promised delivering ? Depends on meaning of "/" in Q1/Q2. What interpretation to give? In fact, it is entirely plausible That "/" means that the Neptune is delivered between the last days of March and early April. Knc should be more careful in writing the terms of the contract.

from wikipedia : http://en.wikipedia.org/wiki/Slash_(punctuation)#In_English_text

Quote
The slash is most commonly used as the word substitute for "or" which indicates a choice (often mutually-exclusive) is present.

They obviously meant "or", i.e. "Neptune will ship in either Q1 or Q2." They did that to dupe people into believing that Q1 was a possibility. They were never going to ship in Q1, but they wanted people to think they would, without flat out lying about delivery dates. It worked. Tons of people ordered believing in a false Q1 ship date.
full member
Activity: 154
Merit: 100
It's official, I'm no longer a KNC customer in waiting. My final refund arrived today. Well, the good thing about it all is I basically just got paid $30,000 for the 31BTC I sold back then.
So, recommendations. Antminer S2 or Spoondoodilies?
Mining at home or Colo?  Well, actually, unless density is hugely important I'd go with the S2, but only after seeing some end-user reviews.
I like the Spoondidler, but it's loud, pricing is prohibitive, and there's a pretty sizeable delay between order and receive.  It's a really nice looking piece of HW though.

I rent DC space $50/mo per 45U rack plus power, so 30 spoondoodilies in 1 rack is only $100/mo cheaper than 3 racks of 10 S2's

IMHO putting 30 Spooners in one rack is a non-starter.
Because of the heat density you would have to spread them amongst racks.
Most ordinary racks can not dissipate more than about 10KW with the doors closed without some serious (i.e. expensive) cooling solurtion (water cooling, sealed hot/cold aisle, high volume air flow, etc.).
Also, most data centres are not designed to handle that kind of spot heat output (I worked in data centres for 36 years).
Sorry, big generalisation here as I do not know your precise circumstances, but when I watched their video when they said you could put 30 in one rack I split my sides laughing.  Grin
hero member
Activity: 744
Merit: 514
gotta let a coin be a coin
i wonder what they were doing before this, probably debt collectors, tv licence/traffic wardens.

Naw, self proclaimed morons. Remember this http://www.englishforum.ch/35818-post8.html

That clearly explains where their boneheaded business strategy comes from.
hero member
Activity: 518
Merit: 500
Hodl!
I trust a man who knows what he doesn't know 100x more than a man who thinks he knows everything.
hero member
Activity: 798
Merit: 1000
i wonder what they were doing before this, probably debt collectors, tv licence/traffic wardens.

Naw, self proclaimed morons. Remember this http://www.englishforum.ch/35818-post8.html
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