Swedish ASIC miner company kncminer.com - page 827.

DPoS

sr. member

Activity: 462

Merit: 250

Quote from: Searing on December 18, 2013, 06:07:21 AM

I suspect after jan 1st china WILL kill the exchanges after giving folks time to get $$$ out

interesting times

Searing

ahhhh the old China curse ye speak of....wonder if the regulators gave it to them for old time sake?

BTCChina... May you live in interesting times

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Phoenix1969 on December 18, 2013, 04:58:37 AM

Quote from: el_rlee on December 18, 2013, 04:01:32 AM

Quote from: Crypto_Cumbrian on December 18, 2013, 03:54:36 AM

Quote from: el_rlee on December 18, 2013, 03:49:40 AM

How would it look like if you cancel the order and initially payed with BTC? Will you get back BTC or a bank wire?
Anybody asked?

All refunds if issued were to be in USD. But would be a shit company that now refunds in BTC when the Value is low.

Best thing to do is to not check the prices for a while and pretend it was all just a bad dream.

Sorry, misunderstanding. Value is clearly the price in USD, but how would it technically work? Could they send BTC or do they have to make a bank wire?

That's a good question...

OK..I just called KNC....

It will be refunded to a bank, not btc or bitpay, if you want a refund, email the order number, your username & bank info to sales.
transfers take a week to ten days...

I also found out they don't keep any BTC from machine sales, that Bitpay converts it all to fiat before they get it.

well what ya gonna do punt 1 Neptune or two...I myself have 2 neptunes 1 2nd batch Neptune........got an itchy feeling in my shoulderblades

I suspect after jan 1st china WILL kill the exchanges after giving folks time to get $$$ out

interesting times

Searing

muyuu

donator

Activity: 980

Merit: 1000

I wouldn't do that.

Phoenix1969

legendary

Activity: 938

Merit: 1000

LIR DEV

Quote from: el_rlee on December 18, 2013, 04:01:32 AM

Quote from: Crypto_Cumbrian on December 18, 2013, 03:54:36 AM

Quote from: el_rlee on December 18, 2013, 03:49:40 AM

How would it look like if you cancel the order and initially payed with BTC? Will you get back BTC or a bank wire?
Anybody asked?

All refunds if issued were to be in USD. But would be a shit company that now refunds in BTC when the Value is low.

Best thing to do is to not check the prices for a while and pretend it was all just a bad dream.

Sorry, misunderstanding. Value is clearly the price in USD, but how would it technically work? Could they send BTC or do they have to make a bank wire?

That's a good question...

OK..I just called KNC....

It will be refunded to a bank, not btc or bitpay, if you want a refund, email the order number, your username & bank info to sales.
transfers take a week to ten days...

I also found out they don't keep any BTC from machine sales, that Bitpay converts it all to fiat before they get it.

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: Crypto_Cumbrian on December 18, 2013, 03:54:36 AM

Quote from: el_rlee on December 18, 2013, 03:49:40 AM

How would it look like if you cancel the order and initially payed with BTC? Will you get back BTC or a bank wire?
Anybody asked?

All refunds if issued were to be in USD. But would be a shit company that now refunds in BTC when the Value is low.

Best thing to do is to not check the prices for a while and pretend it was all just a bad dream.

Sorry, misunderstanding. Value is clearly the price in USD, but how would it technically work? Could they send BTC or do they have to make a bank wire?

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: Crypto_Cumbrian on December 18, 2013, 03:54:36 AM

Quote from: el_rlee on December 18, 2013, 03:49:40 AM

Quote from: Searing on December 18, 2013, 03:12:17 AM

Quote from: DPoS on December 18, 2013, 03:00:50 AM

Quote from: madsusies on December 18, 2013, 02:58:47 AM

Code:

Hello,

An announcement will be made publicly on our website regarding availability of upgrade modules when they become available.
It has no yet been decided which boards will be released.
It is likely to be BTC payments via BitPay only.

Thanks

well they waited long enough for the crash to hit so their lucky streak continues!!

myself I've 2 neptunes on order to punt or not to punt that is the question (as I watch btc crash in china)

will likely hold on to them ... I'm stubborn oct 18th started mining btc was about 150usd now it is dec 18th ..prob gonna go back to 150usd...well the "paper wealth" was
nice while it lasted

How would it look like if you cancel the order and initially payed with BTC? Will you get back BTC or a bank wire?
Anybody asked?

All refunds if issued were to be in USD. But would be a shit company that now refunds in BTC when the Value is low.

Best thing to do is to not check the prices for a while and pretend it was all just a bad dream.

knc is excellent with timing.

Crypto_Cumbrian

member

Activity: 113

Merit: 10

Quote from: el_rlee on December 18, 2013, 03:49:40 AM

Quote from: Searing on December 18, 2013, 03:12:17 AM

Quote from: DPoS on December 18, 2013, 03:00:50 AM

Quote from: madsusies on December 18, 2013, 02:58:47 AM

Code:

Hello,

An announcement will be made publicly on our website regarding availability of upgrade modules when they become available.
It has no yet been decided which boards will be released.
It is likely to be BTC payments via BitPay only.

Thanks

well they waited long enough for the crash to hit so their lucky streak continues!!

myself I've 2 neptunes on order to punt or not to punt that is the question (as I watch btc crash in china)

will likely hold on to them ... I'm stubborn oct 18th started mining btc was about 150usd now it is dec 18th ..prob gonna go back to 150usd...well the "paper wealth" was
nice while it lasted

How would it look like if you cancel the order and initially payed with BTC? Will you get back BTC or a bank wire?
Anybody asked?

All refunds if issued were to be in USD. But would be a shit company that now refunds in BTC when the Value is low.

Best thing to do is to not check the prices for a while and pretend it was all just a bad dream.

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: Searing on December 18, 2013, 03:12:17 AM

Quote from: DPoS on December 18, 2013, 03:00:50 AM

Quote from: madsusies on December 18, 2013, 02:58:47 AM

Code:

Hello,

An announcement will be made publicly on our website regarding availability of upgrade modules when they become available.
It has no yet been decided which boards will be released.
It is likely to be BTC payments via BitPay only.

Thanks

well they waited long enough for the crash to hit so their lucky streak continues!!

myself I've 2 neptunes on order to punt or not to punt that is the question (as I watch btc crash in china)

will likely hold on to them ... I'm stubborn oct 18th started mining btc was about 150usd now it is dec 18th ..prob gonna go back to 150usd...well the "paper wealth" was
nice while it lasted

How would it look like if you cancel the order and initially payed with BTC? Will you get back BTC or a bank wire?
Anybody asked?

Phoenix1969

legendary

Activity: 938

Merit: 1000

LIR DEV

Quote from: Tweak25 on December 18, 2013, 01:47:38 AM

@Phoenix - Cheers man - and thanks for the helpful stuff over the thread.

What island you on?
I'm on Oahu for a while in January - figure least I could do is buy the hot-hashing "pioneer" a beer

I live on the Big Island, very close to Kilauea Volcano... I don't drink, but we can toast to success each in our own way... But I'm sure I'll be sharing mine with ya if you do... hehe

merv77

hero member

Activity: 574

Merit: 500

1.21 GIGA WATTS

is anyone seeing what's happening to bitcoin over the news from China?

everyone's in a panic thinking china's trying to shut down bitcoin. unfreaking believable Shocked

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: DPoS on December 18, 2013, 03:00:50 AM

Quote from: madsusies on December 18, 2013, 02:58:47 AM

Code:

Hello,

An announcement will be made publicly on our website regarding availability of upgrade modules when they become available.
It has no yet been decided which boards will be released.
It is likely to be BTC payments via BitPay only.

Thanks

well they waited long enough for the crash to hit so their lucky streak continues!!

myself I've 2 neptunes on order to punt or not to punt that is the question (as I watch btc crash in china)

will likely hold on to them ... I'm stubborn oct 18th started mining btc was about 150usd now it is dec 18th ..prob gonna go back to 150usd...well the "paper wealth" was
nice while it lasted

Phoenix1969

legendary

Activity: 938

Merit: 1000

LIR DEV

Quote from: DPoS on December 18, 2013, 03:00:50 AM

Quote from: madsusies on December 18, 2013, 02:58:47 AM

Code:

Hello,

An announcement will be made publicly on our website regarding availability of upgrade modules when they become available.
It has no yet been decided which boards will be released.
It is likely to be BTC payments via BitPay only.

Thanks

well they waited long enough for the crash to hit so their lucky streak continues!!

A sure benefit, but...I don't see them selling yet, and the price can go up just as fast.

DPoS

sr. member

Activity: 462

Merit: 250

Quote from: madsusies on December 18, 2013, 02:58:47 AM

Code:

Hello,

An announcement will be made publicly on our website regarding availability of upgrade modules when they become available.
It has no yet been decided which boards will be released.
It is likely to be BTC payments via BitPay only.

Thanks

well they waited long enough for the crash to hit so their lucky streak continues!!

madsusies

sr. member

Activity: 428

Merit: 250

BitcoinEvo [$XBTE]

Code:

Hello,

An announcement will be made publicly on our website regarding availability of upgrade modules when they become available.
It has no yet been decided which boards will be released.
It is likely to be BTC payments via BitPay only.

Thanks

Tweak25

jr. member

Activity: 30

Merit: 12

@Phoenix - Cheers man - and thanks for the helpful stuff over the thread.

What island you on?
I'm on Oahu for a while in January - figure least I could do is buy the hot-hashing "pioneer" a beer

CYPER

hero member

Activity: 812

Merit: 502

Quote from: FUKT on December 17, 2013, 07:16:29 PM

Quote from: CYPER on December 16, 2013, 06:57:50 PM

Quote from: xstr8guy on December 16, 2013, 06:47:51 PM

Because that's what Bitpay does for it's merchants.

https://bitpay.com/terms

Quote

Fees & Settlement.

Invoice Generation and Exchange Rate Guarantee. To create an invoice, you may post a request to BitPay to collect a specific amount in your local currency, such as dollars or euros, or in Bitcoin. BitPay will pull the exchange rate and provide the Bitcoin payment instructions to the purchaser. We guarantee the exchange rate to you as long as the purchaser pays within the proper time window after the invoice is created. Invoice timeout information is clearly displayed on each BitPay invoice. While we guarantee the exchange rate as long as the purchaser pays within such time window, you agree that you assume the volatility risk of your local currency or Bitcoin, as applicable. For instance, if you ask us to collect USD $150, and the purchaser sends the payment within the time window, we guarantee you will receive exactly USD $150, minus our fee, but do not guarantee the value of the U.S. dollar.

And why would a business that needs cash to fund its operations want to hold volatile BTC? They can mine BTC if they want to gamble.

But they aren't stupid enough (I assume) to risk their business by keeping all sales revenue in BTC. And if they want to speculate they can take a certain percentage of their profits and BUY BTC.

Merchants can receive settlement in their local currency with a guaranteed exchange rate, or keep the bitcoins, or a percentage split.

https://bitpay.com/bitcoin-direct-deposit

I doubt you know better than KNC if they take all USD or not Roll Eyes

I'm pretty sure it was quoted somewhere that they dont keep btc.

Someone made an assumption or KNC said so?

FUKT

sr. member

Activity: 446

Merit: 250

Quote from: CYPER on December 16, 2013, 06:57:50 PM

Quote from: xstr8guy on December 16, 2013, 06:47:51 PM

Because that's what Bitpay does for it's merchants.

https://bitpay.com/terms

Quote

Fees & Settlement.

Invoice Generation and Exchange Rate Guarantee. To create an invoice, you may post a request to BitPay to collect a specific amount in your local currency, such as dollars or euros, or in Bitcoin. BitPay will pull the exchange rate and provide the Bitcoin payment instructions to the purchaser. We guarantee the exchange rate to you as long as the purchaser pays within the proper time window after the invoice is created. Invoice timeout information is clearly displayed on each BitPay invoice. While we guarantee the exchange rate as long as the purchaser pays within such time window, you agree that you assume the volatility risk of your local currency or Bitcoin, as applicable. For instance, if you ask us to collect USD $150, and the purchaser sends the payment within the time window, we guarantee you will receive exactly USD $150, minus our fee, but do not guarantee the value of the U.S. dollar.

And why would a business that needs cash to fund its operations want to hold volatile BTC? They can mine BTC if they want to gamble.

But they aren't stupid enough (I assume) to risk their business by keeping all sales revenue in BTC. And if they want to speculate they can take a certain percentage of their profits and BUY BTC.

Merchants can receive settlement in their local currency with a guaranteed exchange rate, or keep the bitcoins, or a percentage split.

https://bitpay.com/bitcoin-direct-deposit

I doubt you know better than KNC if they take all USD or not Roll Eyes

I'm pretty sure it was quoted somewhere that they dont keep btc.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: Bogart on December 17, 2013, 03:58:13 PM

Quote from: kendog77 on December 17, 2013, 02:27:10 PM

Quote from: Bogart on December 17, 2013, 02:15:45 PM

Quote from: xstr8guy on December 17, 2013, 12:18:37 AM

Quote from: Bogart on December 17, 2013, 12:14:03 AM

Quote from: opentoe on December 16, 2013, 07:24:26 PM

Anyone have an inside scoop of when KNC will possibly list Jupiters? It will be Christmas in 11 days, then New Year's so anything to do with shipping will be delayed or who knows what. Are they thinking of releasing maybe this week, the next? I'm probably positive someone must have called them to ask. And most likely wouldn't post that "secret" info here.

Given their stated reasoning for releasing another batch, I would expect them to wait until a competitor actually ships something.

HashFast has to be damn close by now. Right?

On the other hand, BitMain is shipping right now. They shipped 54TH/s out their door yesterday/today. My units are scheduled for delivery tomorrow.

True, but the MitMain units appear to be quite overpriced. They earn ~.1 BTC per day at current difficulty and cost 4.25 BTC, so good luck getting your investment back in BTC.

Also, BitMain hasn't reduced the price of their group buys as the difficulty keeps going up, so early buyers will probably earn ROI, but late buyers at 4.25 BTC will not.

Pricing aside, my point was just that competing makers are indeed adding hashpower to the network right now.

I'm quite sure when KNC refers to "competitors" they mean the other 28nm companies; HashFast, Cointerra, et al. Not some small-scale 55nm company. Otherwise they would consider Bitfury, BFL, ASICMiner and Avalon competitors and they are all currently shipping from stock with little or no waiting.

Bogart

legendary

Activity: 966

Merit: 1000

Quote from: Phoenix1969 on December 17, 2013, 03:06:10 PM

Quote from: sickpig on December 17, 2013, 02:56:38 PM

Quote from: Phoenix1969 on December 17, 2013, 02:51:04 PM

Quote from: Bogart on December 17, 2013, 02:22:01 PM

Quote from: arlekyn13 on December 17, 2013, 10:05:53 AM

Anyone knows if the Oct controller board is compatible with Nov type ASIC boards?

It is. The only difference is the firmware. Flash 0.99-E onto it and you should be all set.

Weren't we warned not to try that?

I'm sure they have re-designed the pcb asic board for nov miners, dunno if they did the same for the main controller board.

Yeah...I'm pretty sure I read it may "Brick" your miner somewhere, and that they're not compatible....
I could be wrong tho... but I'm pretty sure that was posted

I only say this because I posed the question to hno on IRC, and he answered that the only difference is the firmware.

What you cannot do is mix module types in a single miner, or use the wrong firmware for your module boards. November module boards require the -E firmware. October module boards require the non-E.

Bogart

legendary

Activity: 966

Merit: 1000

Quote from: kendog77 on December 17, 2013, 02:27:10 PM

Quote from: Bogart on December 17, 2013, 02:15:45 PM

Quote from: xstr8guy on December 17, 2013, 12:18:37 AM

Quote from: Bogart on December 17, 2013, 12:14:03 AM

Quote from: opentoe on December 16, 2013, 07:24:26 PM

Anyone have an inside scoop of when KNC will possibly list Jupiters? It will be Christmas in 11 days, then New Year's so anything to do with shipping will be delayed or who knows what. Are they thinking of releasing maybe this week, the next? I'm probably positive someone must have called them to ask. And most likely wouldn't post that "secret" info here.

Given their stated reasoning for releasing another batch, I would expect them to wait until a competitor actually ships something.

HashFast has to be damn close by now. Right?

On the other hand, BitMain is shipping right now. They shipped 54TH/s out their door yesterday/today. My units are scheduled for delivery tomorrow.

True, but the MitMain units appear to be quite overpriced. They earn ~.1 BTC per day at current difficulty and cost 4.25 BTC, so good luck getting your investment back in BTC.

Also, BitMain hasn't reduced the price of their group buys as the difficulty keeps going up, so early buyers will probably earn ROI, but late buyers at 4.25 BTC will not.

Pricing aside, my point was just that competing makers are indeed adding hashpower to the network right now.

Topic: Swedish ASIC miner company kncminer.com - page 827. (Read 3050071 times)