Topic: Swedish ASIC miner company kncminer.com - page 708. (Read 3050075 times)

Is anyone thinking about taking taxes into account when they are calculating their break even? I don't think so, but I do, because I don't want to end in jail! If you deduct taxes from your profit, things get really worse... 

KnC no longer honors refunds?

If people keep cancelling they won't need to go to ebay, KNC will have some to sell.

I can't see how they can break even myself, after all most of the last machines haven't yet. My little merc is 3 months old in two days, it's mined 9 btc, luckily for me that makes a dollar profit due to the unforseen rise in the exchange rate. BTC were around 90 each when I bought it, so it is likely to never break even in BTC terms. It's not even half way there today. If you think that kind of rise in exchange rate is likely to save buyer again you're dreaming short term, maybe long term it will though.

The day my little merc started whirring it was mining around .5 btc a day, it's managed .5 in the last ten days. That is without any major competitor to KNC really firing out massive numbers, mainly KNC stuff and dribs and drabs...NOW is the time the other rigs are starting to come to market properly. We all knew they would. We don't know the damage yet though. There's no reason to think that the difficulty won't do similar damage to returns if Neptunes are delivered in May or June.

KNC need to charge less, make less profit. Then they have a future. It's not even ROI for them is it after all? It's ROOPI (return on other people's investment - customers money invested).  

The one thing that we can be certain of in the bitcoin world is that nothing is certain in the bitcoin world. Most of us won our last gamble, not due to some wonder performed by KNC, because what we mined is worth more (which is why ebaying rigs was ever a good thing at a premium over what we paid). Past performance is no guarantee of future gains. That's never been truer.

on page 2 it says that 2500 are from cointerra, not sure about the rest

If you read this article:

http://www.datacenterknowledge.com/archives/2014/01/21/bitcoin-infrastructure-mining-data-center/

It makes you wonder two things:
- From who "Emmanuel Abiodun" its buying all that hash power (4000 rigs).
- If bough from KNC, did they adjusted their timetable to meet the power requirements of such big "whales"??.

just saying......

One thing is certain, if folks keep their Neptune miners and by the time they're delivered they won't ROI.. just ebay the darn things. You'll make a profit.

Honestly my thinking is that they really dont care about early supporters anymore....we got them off the ground and now they are considered the best company in hardware, they will now focus on commercial applications and forget about everyone. it makes perfect business sense, home mining is already almost gone, so why appease us? im not chancing it anymore.

correct

https://cointerra.com/update-prototype-testing-completed-certification-production-week/

you mean those same design thoughts that are still only on paper for cointerra??? 

If you think about it, while a faster time to market obviously benefits the pre-order customers, a higher power efficiency benefits KNC because they will be able to sell the 20nm ASIC chip much longer. Regardless, I've actually decided to keep my order because I'm going to gamble that the early "customer appreciation" batch will at the very least break even in BTC because I believe they do plan on rewarding their customers in whatever their actual schedule is which I will bet is early April. I just hope they can pull it off...

/rollsdice

At this point, I don't think there's any reason to go with a Neptune, Cointerra is days away from shipping a proven chip/product. Buying now is May delivery, at 2TH for $6k, compared to some design thoughts on paper. Yes KNC delivered thoughts on paper to product lightning quick, but stuff can still happen to cause major delays.

It's also easy since KNC is sold out again, but batch 3? It'd have to be a $3k Neptune to make it even a consideration.

Depending on how this pans out, maybe a tax on hosted miners profits? They will attract capital gains tax as assets ..how the hell that will work and who pays it though? http://www.pfhub.com/sweden-will-treat-bitcoin-as-an-asset-not-a-currency-311/

Worth looking into if you are thinking of hosting in Sweden to avoid nasty surprises.

I have an interest in your Neptune. Is it the first batch 'customer appreciation'? If yes, please email me at [email protected]  Thanks

Did you want to sell your customer appreciation Neptune? Please email me if you have an interest Thanks [email protected]

Remember we were all noobs back in the days  
Oh those were beautiful days: difficulty of 1 million 

lol, oh noobs.

Is there a Scrypt Asic miner? Is there a small one line Antminer? What do you know about it?

At the current prices of mining hardware the difference betwen a antminer and expected neptune effiency  matters very little in the grand scheme of things when calculating ROI. Lets imagine that neptune hits 0,5GH/w and compare that to the antminers 2W/GH.

per TH/s of Neptune/Antminer we get the following at 0,15 usd/kwh

Neptune 0,5x24x30x0.15 = 54

Antminer then = 4x54 =216

So the day you have to turn off your antminers, on that day your neptune will make  162 usd/month per TH/s. While most are expecting KNC to over deliver the only promise they have given is 3TH so that would make it roughly 450 usd/month. Doesn't look that terrible but diff will not stop increasing the day the antminers are turned off. All I'm trying to say is that at current prices getting the right price/gh for the delivery window is more important than power consumption, at least while we are no longer talking of order of magnitude differences between offerings anymore.

They wanted to crowd fund 20nm with pre orders while they could is my guess, it is very doubtful another company will be able to do the same once multiple companies are shipping 28nm in bulk a few months down the line.

+1

It would be interesting to see how many ppl would rather have 2 additional jupiters now rather 1 Neptune in 4 months.