Swedish ASIC miner company kncminer.com - page 706.

DPoS

sr. member

Activity: 462

Merit: 250

Quote from: ?? on ??

20 billion diff, here we come, 5k a BTC too.

that's the fallacy.. it just points to the dumb money (late to the party miners) and smart money (milk the miners' greedy dreams)

btc can stay $800 as long as the whale bots keep it there... perhaps wall street gets greater fools to dump their IRAs into it to get to $5k

it does make a good opportunity to start a business where if you accept bitcoin you can get a leg up and gain exposure while the big gorillas sit and wait

soy

legendary

Activity: 1428

Merit: 1013

Quote from: soy on January 23, 2014, 12:58:28 PM

I'll never say a bad thing about the south again. 9:30PM my internet stopped. On the phone with cable tech support multiple time but no good. This morning after again getting no further than 192.168.100.1 status docsis 3.0 cable modem offline, I drove the 17 miles to the office and got another modem. Asked if I had to activate and told no just plug in. It got nothing as well. More tech support, finally told oh, it had to be activated. Now for some reason my miners aren't coming up. I started first with my KnC, and got it working after 14½ hours down. Then the internet got lost again when it came back up the Merc wouldn't connect. Nor would my RPi's,

I've tried all sorts of approaches to get the Merc back up including removing the ribbon cables and booting to just the controller board and BBB but it doesn't show on nmap, and of course not showing up on nmap it won't answer an ssh or telnet.

I'll never say an unkind work about the south again, I promise. must read all the missed posts or work on the miner....

Okay removed the ribbon cables, unplugged the bbb from the ctrl brd, restarted and it's awake, now to try with ribbons

----------------

It's up again and hashing. My KnC is usually real dependable.

soy

legendary

Activity: 1428

Merit: 1013

I'll never say a bad thing about the south again. 9:30PM my internet stopped. On the phone with cable tech support multiple time but no good. This morning after again getting no further than 192.168.100.1 status docsis 3.0 cable modem offline, I drove the 17 miles to the office and got another modem. Asked if I had to activate and told no just plug in. It got nothing as well. More tech support, finally told oh, it had to be activated. Now for some reason my miners aren't coming up. I started first with my KnC, and got it working after 14½ hours down. Then the internet got lost again when it came back up the Merc wouldn't connect. Nor would my RPi's,

I've tried all sorts of approaches to get the Merc back up including removing the ribbon cables and booting to just the controller board and BBB but it doesn't show on nmap, and of course not showing up on nmap it won't answer an ssh or telnet.

I'll never say an unkind work about the south again, I promise. must read all the missed posts or work on the miner....

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: Phoenix1969 on January 23, 2014, 12:54:45 PM

Quote from: dropt on January 23, 2014, 12:53:18 PM

Quote from: ?? on ??

Prospero x3(2th/s)in march and april, cointerra, hashfast, megabigpower, bitforce, bitfury, blue-fury, BFL Monarch, Avalon, and xtreme. Not to mention the secretive ones, like x-crowd, and a dozen others.

Close your eyes and go back in time to late July/Early August of 2013. Now remind yourself of all of the manufacturers that were just moments away from shipping. Fast forward to today and reflect on the COMPLETE failure of almost all of those manufacturers to ship a damn thing.

and how long do you think they will falter? forever?

If I asked you that exact question in July/August of 2013, what would you answer be?

Phoenix1969

legendary

Activity: 938

Merit: 1000

LIR DEV

Quote from: dropt on January 23, 2014, 12:53:18 PM

Quote from: ?? on ??

Prospero x3(2th/s)in march and april, cointerra, hashfast, megabigpower, bitforce, bitfury, blue-fury, BFL Monarch, Avalon, and xtreme. Not to mention the secretive ones, like x-crowd, and a dozen others.

Close your eyes and go back in time to late July/Early August of 2013. Now remind yourself of all of the manufacturers that were just moments away from shipping. Fast forward to today and reflect on the COMPLETE failure of almost all of those manufacturers to ship a damn thing.

and how long do you think they will falter? forever? They will be delivering soon. KNC being the only ones to deliver "bliss" so far was the luckiest thing we could ever have happen. It won't last. Over the next 3 months, we will see 40-60% diffchanges. Anything else would be a MIRACLE!
Don't worry- you'll make it back in fiat... imho

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: ?? on ??

Prospero x3(2th/s)in march and april, cointerra, hashfast, megabigpower, bitforce, bitfury, blue-fury, BFL Monarch, Avalon, and xtreme. Not to mention the secretive ones, like x-crowd, and a dozen others.

Close your eyes and go back in time to late July/Early August of 2013. Now remind yourself of all of the manufacturers that were just moments away from shipping. Fast forward to today and reflect on the COMPLETE failure of almost all of those manufacturers to ship a damn thing.

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: 2tights on January 23, 2014, 11:50:45 AM

Quote from: Gator-hex on January 23, 2014, 11:38:37 AM

What's everyones problem?

They did say Q1/Q2 2014 on the contract you purchased.

Q2 = end of June 2014!

They're not even in breach of contract yet? Tongue

No other manufacturer even has a 3TH miner on the drawing board!

I agree. This is crazy, the blind leading the blind. "Everyone jump ship!" someone said, "Everyone refund, now!."

Uhm... no. You refund, I'm fine.

Nothing significant has changed in the time between when we ordered and now. People really need to get a grip... All great battles are hard fought. Right now, this is like being in the trenches. HODL and calm down.

5 Antminers would give you 1TH now, versus waiting for 1-4 months on the Neptune. Things have changed, KNC has actual competition now.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: Gator-hex on January 23, 2014, 11:38:37 AM

What's everyones problem?

They did say Q1/Q2 2014 on the contract you purchased.

Q2 = end of June 2014!

They're not even in breach of contract yet? Tongue

No other manufacturer even has a 3TH miner on the drawing board!

People are wising up, realizing that Q1 was never actually a possibility. It's a lot more clear now that a Q2 delivery is unprofitable. So please, don't request a refund. It's more coins for me.

The Avenger

hero member

Activity: 798

Merit: 1000

Quote from: Gator-hex on January 23, 2014, 11:38:37 AM

No other manufacturer even has a 3TH miner on the drawing board!

You do know Cointerra are *in production* with a 2TH device? These devices are going to be tested and certified, so most will be hashing at... 2TH.

If lots of people have 2TH hashing, it's not going to be long before they push what you can earn with 2TH down to nothing.

The very first Jupiters out of the gate were mining 1.5BTC a day. Three months later, that is down to 0.15BTC a day. And that was while none of the major manufacturers were shipping anything!

It's almost certain that knc will not ship neptune for at least 3 months [REDACTED/]~~if they don't tape out before chinese new year~~[/REDACTED] lol

Food for thought?

vesperwillow

hero member

Activity: 616

Merit: 500

Quote from: DPoS on January 23, 2014, 11:08:06 AM

what were you going to do once all the bitcoins are done mining anyway? junk the coin? Scrypt mining has become a total joke as the flavor of the minute coins are everywhere... what is the point of that?

the secret is out, the space is crowded.. did you think simple money from running a machine was going to last forever?

I never said the coin or the technological advance in transactions would go away, I said it would become the foundation. This is barely the dawn to a new age. Beyond our lifetime will be far greater applications, technologies and methods.

If you think scrypt is a joke, you might need to re-evaluate your entire understanding of everything cryptocurrency. Yes, there are crap coins out there, their purpose is pump/dump for BTC. Ride that wave. Myself and others do. Make sure to store up good scrypt coins. They have a purpose as well.

Quote from: Gator-hex on January 23, 2014, 11:38:37 AM

No other manufacturer even has a 3TH miner on the drawing board!

Drawing board doesn't matter to most miners--quickest product delivered does. I could have a 5TH system on the drawing board, but if most people found out they could get 2TH delivered next week.. they'll be purchasing more from the other guy, even if it costs more electricity--ESPECIALLY if you believe BTC value will rise.

I have never been an advocate of folks demanding refunds for their Neptunes, I just explain why I never bought one. If I had bought one, I would keep it just for the resale value--there's idiots out there who'll pay premium for them even if they can't make a profit. There's money to be made either way..

2tights

sr. member

Activity: 308

Merit: 251

I like big BITS and I cannot lie.

Quote from: Gator-hex on January 23, 2014, 11:38:37 AM

What's everyones problem?

They did say Q1/Q2 2014 on the contract you purchased.

Q2 = end of June 2014!

They're not even in breach of contract yet? Tongue

No other manufacturer even has a 3TH miner on the drawing board!

I agree. This is crazy, the blind leading the blind. "Everyone jump ship!" someone said, "Everyone refund, now!."

Uhm... no. You refund, I'm fine.

Nothing significant has changed in the time between when we ordered and now. People really need to get a grip... All great battles are hard fought. Right now, this is like being in the trenches. HODL and calm down.

Gator-hex

hero member

Activity: 490

Merit: 500

What's everyones problem?

They did say Q1/Q2 2014 on the contract you purchased.

Q2 = end of June 2014!

They're not even in breach of contract yet? Tongue

No other manufacturer even has a 3TH miner on the drawing board!

Biodom

legendary

Activity: 3990

Merit: 4597

Quote from: ?? on ??

Quote from: pedrosoft on January 23, 2014, 10:56:36 AM

Quote from: Biodom on January 23, 2014, 10:54:11 AM

Quote from: ?? on ??

Quote from: WastedLTC on January 23, 2014, 09:44:29 AM

All this talk about refunds... why? Giving up with mining, just leave the thread. My 4 Neptunes....

I paid 12 BTC for my Neptune. With refund I'll be getting about 16.

Unless you buy back today, you don't know what the price would be when you get the cash (in two-three weeks).

+ 1

Got 16.12 for my $13200. Just waiting for the refund.

For the obvious reasons this strategy is valid only if price of bitcoin stays the same or goes up.
If tomorrow BTC is $500 you have no recourse, but to hold BTC or sell at a loss.

DPoS

sr. member

Activity: 462

Merit: 250

Quote from: vesperwillow on January 23, 2014, 09:19:40 AM

It's unfortunate but true, that this is the eventual direction Bitcoin is going. A more people-centric crypto coin would be something like scrypt which is much harder to 'simplify hashing' but not hard enough that it becomes a chore.

I've always felt Bitcoin would be the foundation, but we would see better things down the road.

what were you going to do once all the bitcoins are done mining anyway? junk the coin? Scrypt mining has become a total joke as the flavor of the minute coins are everywhere... what is the point of that?

the secret is out, the space is crowded.. did you think simple money from running a machine was going to last forever?

The Avenger

hero member

Activity: 798

Merit: 1000

Quote from: Biodom on January 23, 2014, 10:06:42 AM

1. Neptune is a god of sea in Roman mythology (hint-hint?)

There is a saying "He who is shipwrecked the second time cannot lay the blame on Neptune". Which means when something you do fails twice - it's probably your fault. After Jupiter, I learned my lesson!

pedrosoft

hero member

Activity: 560

Merit: 500

Quote from: Biodom on January 23, 2014, 10:54:11 AM

Quote from: ?? on ??

Quote from: WastedLTC on January 23, 2014, 09:44:29 AM

All this talk about refunds... why? Giving up with mining, just leave the thread. My 4 Neptunes....

I paid 12 BTC for my Neptune. With refund I'll be getting about 16.

Unless you buy back today, you don't know what the price would be when you get the cash (in two-three weeks).

+ 1

Biodom

legendary

Activity: 3990

Merit: 4597

Quote from: ?? on ??

Quote from: WastedLTC on January 23, 2014, 09:44:29 AM

All this talk about refunds... why? Giving up with mining, just leave the thread. My 4 Neptunes....

I paid 12 BTC for my Neptune. With refund I'll be getting about 16.

Unless you buy back today, you don't know what the price would be when you get the cash (in two-three weeks).

ASIC-K

sr. member

Activity: 280

Merit: 250

Hell?

well, i asked for a refund as well. Everyone needs to jump ship, difficulty will be sky rocketing.

Biodom

legendary

Activity: 3990

Merit: 4597

I think the Neptune as a machine will be OK, but i am not so sure that they will have a cheap and reliable hosting solution, especially if you have the machine working for a long time to make ROI-and this is a clincher for me. I am also not sure that everyone who made noises about selling really sold/refunded. However, if KnC had lots of refunds and did not care-this would be an indication that there is some plan afoot similar to cloudhashing.

I would't be surprised if later on KnC announces that Neptune will be just a bunch of hashing power in the datacenter.
Two other points:
1. Neptune is a god of sea in Roman mythology (hint-hint?)
2. Neptune is the last planet (Pluto does not count and they will not call some machine Uranus for obvious reasons).

Conclusion: Neptune will be the last and long lasting design and it will be either "under water" or "under liquid". Endgaget hints from Alex/Bitcoinorama concur.

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: WastedLTC on January 23, 2014, 09:44:29 AM

All this talk about refunds... why? Giving up with mining, just leave the thread. My 4 Neptunes and my 2 Jupiters will run and run and run til they don't run any more. My regret so far was selling one of my jupiters in early November. Even with the difficulty rises, since mid November, my two Jupiters have created 37BTC. Moving around 40 BTC to future mining isn't a big deal. Today each Jupiter makes .15 but that is still $850 a week EACH ($810 BTC price).

I personally like seeing my pile of BTC grow... I think people are just thinking short term. You may not get 100% of your invested BTC in 10 days anymore... got that--

Flip side, if KNC messes up, sure, refunds will be requested. Nothing has changed since neptune went on sale. Just relax and good luck. Good times ahead.

It might even be that you will be able to buy better hardware in hand at the time the Neptune's are finished. Bit I expect KNC to raise the specs.

Topic: Swedish ASIC miner company kncminer.com - page 706. (Read 3050075 times)