Topic: Swedish ASIC miner company kncminer.com - page 811. (Read 3050071 times)

Exactly, miners shouldn't be thinking in dollars anyways.

I paid 11 btc for mine and they say it's gonna do 3 TH

They said the last one would do 400, mine does 560.

I think it was a good bet.

(*edit for clarity: I think the Neptune for 11 btc is a good bet. Not the Jupiter that I paid 70 btc for and everyday as I walk past it, I call it my seventy-thousand dollar mistake...)

Aren't we all going to feel guilty when time goes by, difficulty goes sky high, Bitcoin never tops the value of an ounce of gold in the next few months, the math tells us then as KNC prepares to ship that we'll never make back ROI and we all request refunds.

Well if you bought a batch1 Neptune on day1 you locked in a BTC price of about $840
If you waited a few days the BTC was even higher
Yesterday BTC was under $600 on bitstamp

exactly.... not gonna happen

Realistic?
8 billion jump in one change in July?
57266 TH/s added to the network in a 10-12 days period?
That's 10K Neptunes at 5TH/s.

I suppose significantly is the key word there. It's definitely going to rise over time. No surefire way to know how much time or value. B&H is one solid thing to do with these coins, in addition to mining.


Finally, one of only a couple of us who is making a realistic projection. Mine was 4-6 with an upper of 12 depending on factors.

All I could do was shake my head in disbelief at the folks who bought Neptunes thinking they would crank out like 50 coins.

What? I paid $5k each for the Jupiters. I've mined a bunch of coin, I've sold multiple machines for a lot more coin and a lot more $$ than I spent. You can be negative, or you can do things to make it better. The price of btc was nice when it was high, but even at 600-700, it works great. The guy who bought 100 units had big investment money, and those were back in october units. He has done great with them. Mining is out of control? wtf do people want? If everyone wants to buy miners to make more and more coin, companies will pop up to make those machines. Who the hell thinks that this was going to both change the world and stay something that only crazy hobby tinkerers could achieve? You guys are ridiculous with this shit.

You wanna make a lot of money, go out and do it. Don't sit here whining about other people doing it.

why you are so blind with knc

price increased is your lucky

because saturn oct machine cost +/- 3000€ and i only can get max 15 BTC

so if price is 100€ = 1500 € where is ROI

now if you pay with bitcoins this machine crap! you lost your money

We are here to discuss and we have to reflect on the good things and bad

not only good things
yes kncminer change world mining but we must see all points


and already see man buy 100 units kncminer
already other man buy room datacenter with blades in watercool

I don't mean to be negative
but mining is out of control
because the own companies like kncminer
just see money our money
There is no need to be blind

Here's the way I see it:

Imagine you could loan someone bitcoin with the option of being paid back in USD at the value bitcoin was on the day you loaned it or you could be slowly paid back about the same number of bitcoins you loaned them sometime in the future. Unless you knew for sure that bitcoin price was going to increase, you would loan the bitcoins and try to guarantee yourself against ending up with less than you started with. In fact, I would make this deal even if the bitcoin return option was significantly less than what I loaned if the value of bitcoin skyrocketed.

Obviously, if the value of bitcoin skyrocketed, one would have done better by simply buying and holding. If I knew the future and knew that bitcoin would significantly increase in value, I would buy and hold.

By now, you should have realized that pre-ording a miner with the promise of USD refund at any time prior to manufacturing is the exact same scenario. Assuming you could get about the same number of bitcoins back as you spent, it's an attractive offer and many will see it as such.

Now the fun part - Trying to guess the future difficulty! I predict that difficulty will be between 10 and 15 billion when the Neptunes ship (based on 30% increase per jump - with the increase decreasing by 3% on each adjustment). I also speculate that the power requirements will be higher than advertised and will consume 0.8 W/GH.

With these numbers, I expect a Neptune to generate 7.5 BTC before it stops being profitable. I had no illusions about receiving more BTC than the ~12/each I spent. And yet I still bought three.

Maybe I'll get lucky and KnC will deliver Neptunes that are more powerful than advertised, or arrive sooner than expected, or BTC will skyrocket in value. One of more of these hopes needs to happen for the Neptune to be profitable. The good news is that I have a few months to see what happens before I have to make a choice about a refund. Of course, I'll likely be able to sell the miner for a considerable amount regardless.

Other possible risks include::

• KnC decides to stop honoring refunds
• BTC value plummets after receiving the miner
• Difficulty is significantly higher than I predict
• Delivery is significantly later than hoped

So now you think you will be vindicated if neptunes don't ship on time or only produce 3th ? STFU. Anything you say is a prediction, nobody cares. Everything related to bitcoin has been a gamble you moron, show me a sure thing and I'll show you a lie. Like I said, you're gonna keep using that Jupiter till the day it isn't PROFITABLE!! Such a tool.

Helmet, it's really hard to understand you, I'm sure English isn't your first language but are you trying to make a point? If you haven't mined enough btc to roi yet, you did something wrong. Even then, sell it to someone else and you'll be set.

oh is this stupid argument is still happening? awesome.... ill come back later.

@The Avenger say thing is correct if price not increased we never have ROI

Speculation and facts are two different things, which is probably why you did't get an answer.

Constant sellouts of product, and triple-value resales totally say your opinion is left wing,
countless testimony in here as well....
It's obvious now your mission is to damage the KNC customer base with speculations you call fact
Get a grip.

It's funny, but pretty much everyone who can't bear to look at the facts I present here and who is nasty towards me has pre-ordered a knobtune. Or seven.

How did they come to this excellent business decision? I'd say, they stuck their finger up their butt and took a sniff. If it stunk hard enough, they decided to pre-order a neptune.

Last week I challenged anyone who pre-ordered a knobtune to show me their numbers, their data, their projections, based on realistic difficulty, on why this was a sound investment? You know, some FACTS.

No takers. It's obvious most people gambled and ordered blindly, based on the faulty image of knc being a "good" company.

KNC have fucked up multiple times, but as they never apologise or accept any responsibility, people seem to brain wash themselves into thinking knc are great. My experience is a constant reminder they aren't. And people are so fucked in the head they try to tell ME what I recieved and how much it was hashing! What kind of insane behaviour is that? Why do they need to maintain their delusions so strongly?

I don't think people like The Avenger messing with their pre-concieved images of KNC. KNC is the perfect girlfriend that can do no wrong. Until you walk into a room one day and find her sucking some other guys #### It'll be that kind of day many of you see how fucked over and misled you've been.

So every time I criticise knc, point out the unsavoury things they've done, it fucks with people's picture of knc as a "good" company. It makes them question if knc are actually "good". And also, it reminds them and makes them question why they made their "investment" on NO FACTS. Just pure, plain, stupid gambling.

It get's so bad in people's brain they argue with cold, hard facts. They refuse to see the facts. They lash out and call people liars. Anything to maintain the image that knc is "good". KNC have to be good or else my decision to buy was flawed. The decision to invest everything and buy several knobtunes - the weight of delusion must be staggering for those people. Don't make me see that Avenger. Don't. You bastard.

I've been proven right before and I will be again. I'm confident, based on past performance and the attitude of greed and feeling no obligations towards their customers that is now plainly obvious, that this time round KNC's burning of it's customers is going to be epic. They get to spend your money, so it will be you that gets burned.

All the clues are their, the cracks in the foundation.


Latest newsletter, more or less the day hashfast reveals 500+GH/s boards:

Looks like knc have totally lost faith in their own product, when they can't let their so-called engineering speak for itself anymore. They've had to resort to what they said they wouldn't to. To justify doing what they said they wouldn't do! Bad omens.

KNC got lucky with timing. KNC got lucky with it's competition fucking up. KNC got lucky with bitcointalk being off-line for 10 days while they were flailing around trying to ship their first jupiturds. KNC got lucky with BTC going to $1300 around the time they wanted to take next pre-order. But their luck will run out, eventually. I get a sense it's already happened. They dropped a log in their pants last week and that was when I think it was all lost. Once belief is gone, so is luck.

I can't wait for the New Year! A Jupiter is due to mine about 2BTC in this difficulty period. This will be obliterated once all these other companies start to ship in January, which they surely will do. That is a FACT. I'd guesstimate in about 3 or 4 difficulty jumps, it's totally game over for Jupiturds. End of January ish.

I'll keep this crock of shit knc hardware I got running until then. But it will give me great pleasure to smash it to shit, for the 70-80 hours of my life I've spent doctoring this lame beta hardware I paid a premium for.

Good luck to the self deluded. But don't say you weren't warned.

Merry Xmas and a Hashing New Year!

sry...wasnt done really...."refunding a Neptune for coming Jupiters a huge risk in timeframe...." By the time you get an international transfer to your bank, and turn that back to btc thru yet another transfer... the sale could be over, and we don't know if bank transfer is going to be an option this go-around... I wanted to better estimate the risk. I'd like to say that the Holidays bend things in our favor, but we've just been told that the crew is still working full tilt right now, and that only customer service will be on vacation! So, It's anyone's guess... but I have a feeling the time is short/near. The holidays would surely slow a bank transfer as well.

Why the teaser? Just share it

Hehe, yeah, I was in a flat panic there, which is why I called to pump for a bit more info  
among other things.... The other reason I called was peeps were asking about the refund process....
which is done via bank transfer, even if you bought with BTC
which of course makes refunding a Neptune for coming Jupiters a huge risk in timeframe....

Hahahahaha. 2.5k? I would only wish. With KNC we'll probably see the same price as the original Jupiter. Imagine if they priced the Jupiter at 5k in January? You would NEVER break even.

They are the ones that said keep your bitcoin handy....shit, if we all knew it would have been 3+ weeks out at least I wouldn't have put any bitcoin in my online wallet. Sounded like they were ready to sell right away.

Serious? You went all the way to Costa Rica right dental work? Are they good at it? I'm terrified of any dentist I have ever went to here in the US. They are all rough on the hands.