Swedish ASIC miner company kncminer.com - page 832.

xstr8guy

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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?

Bogart

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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.

xstr8guy

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Glow Stick Dance!

Quote from: Phoenix1969 on December 16, 2013, 09:15:28 PM

Quote from: xstr8guy on December 16, 2013, 07:01:16 PM

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

Strange though we don't hear anything from KNC about ANYTHING until some news about other companies coming out with a possible delivery. I bet that made KNC's head turn a little bit...so much they had to make a news annoucement in advertising selling hardware again. Pretty soon we will have other companies to finally choose from and won't be locked to a mouse quiet KNC. Even to this day, have they helped anyone on their own forum? Even after saying they would provide that support. It will definitely make me think twice if I buy any more hardware.

KNC will have ZERO 28nm competition until March/April. All of the other companies have committed to multiple batches that won't finish shipping until then. And until then, KNC will be they only vendor able to ship from stock if they so choose.

"First to market" is a massive advantage for KNC and you can bet that they will take full advantage of it.

I was thinking KNC would be on Neptune 20nm by then, and there simply is no competition.... Wink

The bolded sentence simply means that no other 28nm competitor will be selling units from stock like KNC could theoretically do if they wanted. All other competitors are committed to fulfilling preorder batches until March/April.

Phoenix1969

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LIR DEV

Quote from: xstr8guy on December 16, 2013, 07:01:16 PM

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

Strange though we don't hear anything from KNC about ANYTHING until some news about other companies coming out with a possible delivery. I bet that made KNC's head turn a little bit...so much they had to make a news annoucement in advertising selling hardware again. Pretty soon we will have other companies to finally choose from and won't be locked to a mouse quiet KNC. Even to this day, have they helped anyone on their own forum? Even after saying they would provide that support. It will definitely make me think twice if I buy any more hardware.

KNC will have ZERO 28nm competition until March/April. All of the other companies have committed to multiple batches that won't finish shipping until then. And until then, KNC will be they only vendor able to ship from stock if they so choose.

"First to market" is a massive advantage for KNC and you can bet that they will take full advantage of it.

I was thinking KNC would be on Neptune 20nm by then, and there simply is no competition.... Wink

bobsag3

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Owner, Minersource.net

So I have one november jupiter that refuses to stay on. Tried each individual ASIC separately, no dice, tried swapping the 1500w EVGA with a 860W Corsair, corsair didnt even turn it on (fans spun up but BBB no lights). Anyone got any ideas?

xstr8guy

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Glow Stick Dance!

Quote from: CYPER on December 16, 2013, 07:59:43 PM

Quote from: xstr8guy on December 16, 2013, 07:52:29 PM

Quote from: CYPER on December 16, 2013, 07:10:48 PM

Quote from: xstr8guy on December 16, 2013, 07:03:18 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 don't want to argue with you. You believe what you want to believe. I'll use logic and reason and come to my own conclusion.

Btw, I'm not assuming that they are exchanging to USD. Most likely they are using their local currencies, EUR or SEK.

Logic and reason can equally dictate that they get 90% fiat and 10% BTC, because they are miners by heart and believe in the future of BTC.
Plus they made a s**t load of money, so 10% in BTC would not be classified as a big risk in their books Wink

Well now you're taking my side of the argument, lol. What you were saying before made it sound like you implying that they kept all revenue in bitcoin form. Or maybe I was reading to much into what you meant. Like those clowns in the HashFast thread thinking they would be refunded the same amount of Bitcoin they initially invested.

Let's agree on one thing... Neither of us actually know what KNC is doing. Wink

Never said or implied that.
You said that "KNC don't give a crap about the price of BTC" which implies they don't get or own any BTC.

You've edited out the most significant part of that quote...

Quote from: xstr8guy on December 16, 2013, 05:16:19 PM

Why does everyone seem to think the exchange rate of BTC will have anything to do with the release of a 3rd batch? KNC don't give a crap about the price of BTC!...

I simply meant that KNC aren't going to time their release of the next batch with a BTC high or low. They aren't going to judge profitability on the price of BTC since they instantly convert to fiat at the time of sale.

And yes, I suppose they do believe in BTC but any business would be foolish to keep all of their funds in BTC when it's completely unnecessary. They are mining themselves and they can certainly speculate and buy BTC on the market as well without risking their entire business to a highly volatile currency.

CYPER

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Quote from: xstr8guy on December 16, 2013, 07:52:29 PM

Quote from: CYPER on December 16, 2013, 07:10:48 PM

Quote from: xstr8guy on December 16, 2013, 07:03:18 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 don't want to argue with you. You believe what you want to believe. I'll use logic and reason and come to my own conclusion.

Btw, I'm not assuming that they are exchanging to USD. Most likely they are using their local currencies, EUR or SEK.

Logic and reason can equally dictate that they get 90% fiat and 10% BTC, because they are miners by heart and believe in the future of BTC.
Plus they made a s**t load of money, so 10% in BTC would not be classified as a big risk in their books Wink

Well now you're taking my side of the argument, lol. What you were saying before made it sound like you implying that they kept all revenue in bitcoin form. Or maybe I was reading to much into what you meant. Like those clowns in the HashFast thread thinking they would be refunded the same amount of Bitcoin they initially invested.

Let's agree on one thing... Neither of us actually know what KNC is doing. Wink

Never said or implied that.
You said that "KNC don't give a crap about the price of BTC" which implies they don't get or own any BTC.

xstr8guy

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Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: CYPER on December 16, 2013, 07:10:48 PM

Quote from: xstr8guy on December 16, 2013, 07:03:18 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 don't want to argue with you. You believe what you want to believe. I'll use logic and reason and come to my own conclusion.

Btw, I'm not assuming that they are exchanging to USD. Most likely they are using their local currencies, EUR or SEK.

Logic and reason can equally dictate that they get 90% fiat and 10% BTC, because they are miners by heart and believe in the future of BTC.
Plus they made a s**t load of money, so 10% in BTC would not be classified as a big risk in their books Wink

Well now you're taking my side of the argument, lol. What you were saying before made it sound like you implying that they kept all revenue in bitcoin form. Or maybe I was reading to much into what you meant. Like those clowns in the HashFast thread thinking they would be refunded the same amount of Bitcoin they initially invested.

Let's agree on one thing... Neither of us actually know what KNC is doing. Wink

The Avenger

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Activity: 798

Merit: 1000

Quote from: vesperwillow on December 16, 2013, 07:33:23 PM

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.

Last week they said have your coins ready. So somewhere between last week and eternity. It means, have your coins ready.

Quote from: madsusies on December 15, 2013, 09:52:28 AM

All,
Our first round Neptune products has now sold out.
We will be working with all of our suppliers to arrange another round of components so please keep an eye on our shop for future shipments of Neptune.
As it looks like our struggling competition may eventually ship before our Network protection period has finished, we may be in a position to release Jupiter’s and possibly upgrade cards which we will ship from stock.
If we do have more items to place in the shop for our 28nm range, we will announce this via one of our newsletters which will contain the time and date that they will go on sale. So keep some coins handy as we expect them to go quick.
A small note to say that bank transfers started on friday will be allowed. The status of your order will changed to paid when the transfer has arrived and been checked by our team.
Thanks KnC team

Friday?

I'd say that would be typical KNC. Take everyone's money on the last working day before Xmas, so they have everyone's money. Shipping - who care's? It makes no difference to KNC if they ship a week or a month later, as they prove time and time again. The only thing that matters is they have the money. Shipping late is their speciality, even with boards they have in stock.

In other news, Sam has been spotted Xmas shopping for some new wheels Grin

vesperwillow

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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.

Last week they said have your coins ready. So somewhere between last week and eternity. It means, have your coins ready.

lemonte

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Activity: 624

Merit: 502

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.

I have no inside information, but I would hazard a guess at this week.

opentoe

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Personal text my ass....

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.

CYPER

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Activity: 812

Merit: 502

Quote from: xstr8guy on December 16, 2013, 07:03:18 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 don't want to argue with you. You believe what you want to believe. I'll use logic and reason and come to my own conclusion.

Btw, I'm not assuming that they are exchanging to USD. Most likely they are using their local currencies, EUR or SEK.

Logic and reason can equally dictate that they get 90% fiat and 10% BTC, because they are miners by heart and believe in the future of BTC.
Plus they made a s**t load of money, so 10% in BTC would not be classified as a big risk in their books Wink

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

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 don't want to argue with you. You believe what you want to believe. I'll use logic and reason and come to my own conclusion.

Btw, I'm not assuming that they are exchanging to USD. Most likely they are using their local currencies, EUR or SEK.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

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

Strange though we don't hear anything from KNC about ANYTHING until some news about other companies coming out with a possible delivery. I bet that made KNC's head turn a little bit...so much they had to make a news annoucement in advertising selling hardware again. Pretty soon we will have other companies to finally choose from and won't be locked to a mouse quiet KNC. Even to this day, have they helped anyone on their own forum? Even after saying they would provide that support. It will definitely make me think twice if I buy any more hardware.

KNC will have ZERO 28nm competition until March/April. All of the other companies have committed to multiple batches that won't finish shipping until then. And until then, KNC will be they only vendor able to ship from stock if they so choose.

"First to market" is a massive advantage for KNC and you can bet that they will take full advantage of it.

DPoS

sr. member

Activity: 462

Merit: 250

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

Strange though we don't hear anything from KNC about ANYTHING until some news about other companies coming out with a possible delivery. I bet that made KNC's head turn a little bit...so much they had to make a news annoucement in advertising selling hardware again. Pretty soon we will have other companies to finally choose from and won't be locked to a mouse quiet KNC. Even to this day, have they helped anyone on their own forum? Even after saying they would provide that support. It will definitely make me think twice if I buy any more hardware.

they are what they are... where is perfect in this world? They delivered.. the crash in btc is probably pouring pepper in peoples pants today more than anything

CYPER

hero member

Activity: 812

Merit: 502

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

opentoe

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Activity: 1274

Merit: 1000

Personal text my ass....

Strange though we don't hear anything from KNC about ANYTHING until some news about other companies coming out with a possible delivery. I bet that made KNC's head turn a little bit...so much they had to make a news annoucement in advertising selling hardware again. Pretty soon we will have other companies to finally choose from and won't be locked to a mouse quiet KNC. Even to this day, have they helped anyone on their own forum? Even after saying they would provide that support. It will definitely make me think twice if I buy any more hardware.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: CYPER on December 16, 2013, 05:18:53 PM

Quote from: xstr8guy on December 16, 2013, 05:16:19 PM

Why does everyone seem to think the exchange rate of BTC will have anything to do with the release of a 3rd batch? KNC don't give a crap about the price of BTC! They use Bitpay and funds are immediately converted to USD or EUR. Bitpay assumes all of the risk in a falling market.

If KNC are holding BTC at all it's probably just the coin they've mined.

And how do you know they get all USD from Bitpay?

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.

Syke

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Quote from: RickJamesBTC on December 16, 2013, 06:03:34 PM

What kind of nonsense are you talking? A business that charges what the market will bear for their products is not dishonest. Charging far less than people are willing to pay is called STUPID. If they were priced too high, people wouldn't buy them and the price would go down.

Exactly. KnC did good on the Jupiters, etc. But they're stepping into fraud territory by implying a Q1 ship date for Neptune when there's simply no chance of that happening.

Topic: Swedish ASIC miner company kncminer.com - page 832. (Read 3050071 times)