Author

Topic: Swedish ASIC miner company kncminer.com - page 894. (Read 3050071 times)

hero member
Activity: 616
Merit: 500
December 03, 2013, 01:00:33 PM
I understand that the first batch of Jupiters had to make over 70 coins to break even in BTC and that was going to be tough...  but how can you look at a Neptune and say that it will produce less than 10 coins.    My two jupiters today still create 1 coin a day (combined).      The risk is very different than it was with purchasing Jupiters when BTC was at $100.  

I have no doubt each Neptune will produce more than 10BTC which is what I paid.  

The price seems high when you compare it to other companies that took preorders but think about how much those customers paid in BTC.   30-40 BTC?  Definitely not 10 for over 3TH!   I would have loved to see Neptune priced at $6k but that is almost a joke when pricing it at 6BTC.

If you are in tune with the difficulty, the amount of estimated network hash to be delivered over the next 6 months, and the many other factors.. you could calculate and see why 3th might only make 10-15btc in 45 days, or 20 over its lifetime.

Likely you will panic sell when BTC takes the next dive.  Good luck!  I'll keep mining.

I have never--and will never--panic sell. But way to take a wild guess.

Panic selling is silly, especially with house money. I have nothing to lose, so my scripts and manual trading methods will continue to bank on the tried-and-true buy-high-sell-low. Yes, I have losses, but my net has been 300..400% since August. In BTC.

just for curiosity and for benchmarking purposes :
How many BTC are you doing per day with a Jupiter?
- 0.4 Per day at Slush for the past 7 days -

I make .24btc/day with less than 200gh on the same pool. What are you doing wrong?
hero member
Activity: 784
Merit: 1004
Glow Stick Dance!
December 03, 2013, 12:52:59 PM
Oh and would anyone else care to share why not only has the price of the Neptune gone up but the SHIPPING has too? Christ mate. Talk about gouging both new and existing.

What's the alternative?

Buy the same amount in BTC, and hold it, and/or trade with it. I made 30% BTC inrease over the past few days via trading.

Example...If you spend 18btc on a neptune, and let's say in a perfect world it turns out a total of 25, you've made 39%. And that's 3-6 months after my recent 30% increase. Likely, I will make more increases over time.

So yeah, the alternative is to do what I did, and be making profit.. today. I have no doubt the Neptune will be stupid powerful.. like connect it to a 3 phase outlet and it'll chug along at 6TH or something.. but with a sharp eye, you could take the same investment and do similar--if not better. The Neptune is just a lot easier.. plug it in and let it chug.

Likely you will panic sell when BTC takes the next dive.  Good luck!  I'll keep mining.
newbie
Activity: 56
Merit: 0
December 03, 2013, 12:23:40 PM
I didn't want a phone call...a fucking email would have been nice though. 1st I heard was on this forum, hours after the things were sold. I bought a KNC machine mainly based on it's ability to be upgraded

I got an email.  Did you not sign up for their email newsletter?
Yeah, Emails were sent..got one here too.

ditto. i got one as well.

Same. I only knew because of the email. I'll give KNC that much.

But they didn't give any notice prior. They just opened up and immediately closed down.

i was pissed when they did this little notice thing with the upgrades too, but i kind of get it now. if they gave everyone a couple weeks notice and told everyone "order opens november 26th" the site would probably crash and cause a ton of issues, i guess they have to give little notice as to not flood the order system? does that make sense?
It would have crashed only if they are NOT tech savvy. There's not THAT many users that would hit all at once. Even 20,000 simultaneous orders is not that many. Ticketmaster can handle SPECIFIC time frames-- Why Couldn't KnC? The cost would be minimal for improved customer service. Though it IS a cost, I'll grant that.
sr. member
Activity: 314
Merit: 250
December 03, 2013, 12:20:33 PM
just for curiosity and for benchmarking purposes :
How many BTC are you doing per day with a Jupiter?

- 0.4 Per day at Slush for the past 7 days -
legendary
Activity: 966
Merit: 1000
December 03, 2013, 12:14:37 PM
Jesus man, air ioniser?

Umm...yeah.

Do you know how those things work?  They clean the air by creating an electrostatic charge to get particles to stick to nearby surfaces instead of floating freely.

I ran one for a while and wondered why my USB mouse kept resetting.  Eventually I figured out that a charge was building up in the metal table frame until it reached enough voltage potential to where it would arc through the insulator and discharge into the ethernet cable (which was touching the table frame) connected to the computer, and affected the USB somehow.

I got rid of the ionizer.  Problem solved.

I srsly would NOT run an ionizer near high-value electronic gear.
sr. member
Activity: 378
Merit: 250
December 03, 2013, 12:13:02 PM
I realize this is just more screaming into the wind.  However, it chaps my ass that KNC shipping logistics will, for the third time in as many attempts, result in my order just sitting somewhere enroute for the entire weekend.   Angry
legendary
Activity: 1372
Merit: 1003
December 03, 2013, 12:03:42 PM
Does anyone know the latest order number that was shipped today?
legendary
Activity: 966
Merit: 1000
December 03, 2013, 12:02:05 PM
I've been running my October Saturn/Jupiter with a Corsair RM850 since I got it. It pulls 650/660 from the wall. I did order a more powerful supply in case I added more hardware but I think I may return it since the Corsair is running just fine the way it is.

I would keep it.  It pays to have a spare on hand in case of failure.
legendary
Activity: 3234
Merit: 1221
December 03, 2013, 11:47:06 AM
People with their finances in order don't leave large amounts sitting doing fuck all when it should be earning interest or working for them no matter what that ignoramus just said.


most previous customers have mined more than 10BTC..  many well over that.   Many have kept their BTC in a wallet as BTC itself was 'working for them' or at least still $$ in an exchange so they can easily buy back BTC when need be.

On your other point, you really wanted them to basically call up everyone one by one on the modules?? how long would that take?  Everyone was already a bit mad that they waited to make a few more and ship all at once instead of just ship what they had right away.

3 days on the Neptunes showed that KNC priced it a bit better than the modules so they didn't short change themselves. If they were $8000 they would of sold out in 10 mins
If KnC were MY company ;  Since I had promised the Sep/Oct rigs were "modular" & "upgradable":
         I'd have sent all buyers of Mercs & Sats only, an email notice to buy any # of modules that would allow them to modularize up to Jups, for a 1 week period.
         Then, I'd keep a calculated amount for Rma's. 
         Next, since Jups are not company auth for >4 mods, I'd have combined the remaining into new Jups, and offer them as a bonus (non-warranteed) given away at lottery per each 20 Neptunes. Now THAT would have gotten a lot of good pr Buzz.(in spite of the haters)

+1 I like your style Smiley
newbie
Activity: 56
Merit: 0
December 03, 2013, 11:45:18 AM
People with their finances in order don't leave large amounts sitting doing fuck all when it should be earning interest or working for them no matter what that ignoramus just said.


most previous customers have mined more than 10BTC..  many well over that.   Many have kept their BTC in a wallet as BTC itself was 'working for them' or at least still $$ in an exchange so they can easily buy back BTC when need be.

On your other point, you really wanted them to basically call up everyone one by one on the modules?? how long would that take?  Everyone was already a bit mad that they waited to make a few more and ship all at once instead of just ship what they had right away.

3 days on the Neptunes showed that KNC priced it a bit better than the modules so they didn't short change themselves. If they were $8000 they would of sold out in 10 mins
If KnC were MY company ;  Since I had promised the Sep/Oct rigs were "modular" & "upgradable":
         I'd have sent all buyers of Mercs & Sats only, an email notice to buy any # of modules that would allow them to modularize up to Jups, for a 1 week period.
         Then, I'd keep a calculated amount for Rma's. 
         Next, since Jups are not company auth for >4 mods, I'd have combined the remaining into new Jups, and offer them as a bonus (non-warranteed) given away at lottery per each 20 Neptunes. Now THAT would have gotten a lot of good pr Buzz.(in spite of the haters)
hero member
Activity: 778
Merit: 563
December 03, 2013, 11:41:08 AM
I understand that the first batch of Jupiters had to make over 70 coins to break even in BTC and that was going to be tough...  but how can you look at a Neptune and say that it will produce less than 10 coins.    My two jupiters today still create 1 coin a day (combined).      The risk is very different than it was with purchasing Jupiters when BTC was at $100.  

I have no doubt each Neptune will produce more than 10BTC which is what I paid.  

The price seems high when you compare it to other companies that took preorders but think about how much those customers paid in BTC.   30-40 BTC?  Definitely not 10 for over 3TH!   I would have loved to see Neptune priced at $6k but that is almost a joke when pricing it at 6BTC.





legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
December 03, 2013, 11:39:36 AM


all will be good he mean

thank you! after my request for a status of my order via email the order changed to "In progress" again.
legendary
Activity: 980
Merit: 1040
December 03, 2013, 11:31:16 AM
IONIZER WONDER




I bought today two of them, I will try it. I´m crazy enought!!!! Cool

Those are fakes, dont fall for it.

What really works is putting some magic healing crystals on top of the miner,  along with some Chakras aligning holographic power balance magnets.
For best result soak them first for a day in a top grade homeopathic energy enhancing 30C memory solution.  

I will sell you a complete set for only 1 BTC. Shakras alignment of your KnC miner is guaranteed or money back. PM me for details.
sr. member
Activity: 378
Merit: 250
December 03, 2013, 11:30:25 AM
Note: Just as an aside -- if you use the Seasonic Platinum and your Jupiter starts to glow red -- just want to be sure you realize that would be your problem -- I am not offering advice -- just an observation.  My Jupiter shut down in a controlled manner -- your power supply could be from a flawed genetic strain which just hates miners with a passion.... On the other hand -- it may work. I just don't know.


Another datapoint - My October Jupiter has been running flawlessly on a Seasonic Platinum 1000.
hero member
Activity: 561
Merit: 521
Trustless IceColdWallet
December 03, 2013, 11:26:56 AM
First money back!

Invalid IBAN number,

I paid on 28th 03:55 pm to this account:

IBAN (USD): SE3250000000054238219864
BIC/SWIFT:  ESSESESS
Bank Address:  SEB, Stureplan 2, 106 40 STOCKHOLM/SWEDEN
KnC Group AB address: Birger Jarlsgatan 33 5tr, Stockholm, 111 45, Sweden.

But only one of four transactions comes back atm.

Tomorrow I will see if the other ones comes also back.

Anyone else?


was this for the 1st batch of Neptunes? (not sure but did you miss the paid deadline....by the 28th?)

If it is for the 2nd batch of numbers it does not match the Neptune info I was given for the IBAN number

(of course took my bank 1 hr to do the order today..then they called me back in after 1hr ..then took them 3 hrs and girls crying to get next order in
what a clus*t*rf*c*   so I've no idea what the  hell is gonna happen on my order today (which since it was late by the time I got it done will prob go in on Tuesday

I guess I learned my lesson use a 'commercial bank" the old regular bank has no experience with doing international wire xfers....to tell you the truth I was
treated pretty badly for a guy that banked there for 20yrs plus.....they we're just generally p/o that I tied up 3 people for 3hrs cause they had no clue...so I kinda
was the chump

of the 3 2 we're supposed branch managers...what a joke

so I feel your pain probably in the same boat....and if it does bounce and knc does not get cleared in time for $$$ back i'll likely miss the boat too on the 2nd Neptune

just goes to show bitcoin would work a lot better in all this but not gonna touch my hoard on speculating april 2014 fiat yes bitcoin at the moment no

sucks

let us know how it goes




Is the SWIFT/BIC the same for either batch?

Now I know what was wrong:



I was sending the money inside the timeline, to prove this I was sending Emilia my official bank account statement.


I hope they will give my the opportunity to repeat my payments. Roll Eyes Roll Eyes Roll Eyes Roll Eyes
member
Activity: 84
Merit: 10
December 03, 2013, 11:15:47 AM
Congrats!  My 102xx has changed back to in progress so judging by the numbersi may get it this week.

As for the other stuff, really? Life's just too short for all that stuff. Imho.

Someone got some free stuff, big deal.
Someone missed out on the special offer, get over it.
Someone didn't/couldn't get their funds together,  tough.
Someone forgot to tick the box to get updates and newsletters, boohoo.
Sometimes custom made money making devices are a bit tempermental.. No shit sherlock.

I mean honestly sometimes its like listening to little kids whining.

What it is more often than not is sour grapes or people cleverly gaming and social engineering attempts to stop people buying either for selfish reasons or to try and turn people to other products, but I thunk more of the former than the latter.

And as for the holier than thou "saviour" syndrome that some posters have, that expect kudos and gratitude for scoring points or making nebulous claims or accusations, well they are just pure entertainment.

Finally if you are waffling on about coulda/shoulda/woulda bought BTC instead of mining you fall into the above self interest groups as well. You think your altruistic facade works in here? Dream on.

Most sensible post on the last few pages, I applaud you.
legendary
Activity: 1260
Merit: 1008
December 03, 2013, 10:07:10 AM
Oh and would anyone else care to share why not only has the price of the Neptune gone up but the SHIPPING has too? Christ mate. Talk about gouging both new and existing.

What's the alternative?

Buy the same amount in BTC, and hold it, and/or trade with it. I made 30% BTC inrease over the past few days via trading.

Example...If you spend 18btc on a neptune, and let's say in a perfect world it turns out a total of 25, you've made 39%. And that's 3-6 months after my recent 30% increase. Likely, I will make more increases over time.

So yeah, the alternative is to do what I did, and be making profit.. today. I have no doubt the Neptune will be stupid powerful.. like connect it to a 3 phase outlet and it'll chug along at 6TH or something.. but with a sharp eye, you could take the same investment and do similar--if not better. The Neptune is just a lot easier.. plug it in and let it chug.

Or, you could end up like my brother in law who went from 18 BTC to 3 BTC by day trading. There are winners and losers in day trading, and a great deal of luck is involved.

People always seem to talk about their day trading gains but often fail to mention their losses.

This is what I'm going to do: emulate the money flow that I would have had in case I had bought a neptune from the first batch, i.e. spend the amount of money needed to buy btc instead, store them in cold wallet and leave it there till the neptune actual release date.

If I would have done the same with October Jupiter, as of now, I had had a 65% more btc that I got from minting with my miner.
hero member
Activity: 616
Merit: 500
December 03, 2013, 09:54:41 AM
Oh and would anyone else care to share why not only has the price of the Neptune gone up but the SHIPPING has too? Christ mate. Talk about gouging both new and existing.

What's the alternative?

Buy the same amount in BTC, and hold it, and/or trade with it. I made 30% BTC inrease over the past few days via trading.

Example...If you spend 18btc on a neptune, and let's say in a perfect world it turns out a total of 25, you've made 39%. And that's 3-6 months after my recent 30% increase. Likely, I will make more increases over time.

So yeah, the alternative is to do what I did, and be making profit.. today. I have no doubt the Neptune will be stupid powerful.. like connect it to a 3 phase outlet and it'll chug along at 6TH or something.. but with a sharp eye, you could take the same investment and do similar--if not better. The Neptune is just a lot easier.. plug it in and let it chug.

Or, you could end up like my brother in law who went from 18 BTC to 3 BTC by day trading. There are winners and losers in day trading, and a great deal of luck is involved.

People always seem to talk about their day trading gains but often fail to mention their losses.

Same with mining, you could end up with die issues, or a lightning strike, or stupid difficulty (which will be most likely).

And it's not just day trading, it's long term trading. My scripts waited a week before anything was triggered. There were some small losses, and then cha-chink-cha-chink. 50% gain, 10% gain, 30% gain. Back to sit and wait. Play with the house money, that's what I'm doing, and skim off some of the profit.

Not a HFT here, more of a hawk.

I mine, I B&H, I trade. Do what I can like everyone else. There's no single guaranteed method for anyone. Just pointing out there /are/ alternatives to simply tossing coin at something and hoping for the best.
member
Activity: 111
Merit: 10
December 03, 2013, 09:54:10 AM
First money back!

Invalid IBAN number,

I paid on 28th 03:55 pm to this account:

IBAN (USD): SE3250000000054238219864
BIC/SWIFT:  ESSESESS
Bank Address:  SEB, Stureplan 2, 106 40 STOCKHOLM/SWEDEN
KnC Group AB address: Birger Jarlsgatan 33 5tr, Stockholm, 111 45, Sweden.

But only one of four transactions comes back atm.

Tomorrow I will see if the other ones comes also back.

Anyone else?


was this for the 1st batch of Neptunes? (not sure but did you miss the paid deadline....by the 28th?)

If it is for the 2nd batch of numbers it does not match the Neptune info I was given for the IBAN number

(of course took my bank 1 hr to do the order today..then they called me back in after 1hr ..then took them 3 hrs and girls crying to get next order in
what a clus*t*rf*c*   so I've no idea what the  hell is gonna happen on my order today (which since it was late by the time I got it done will prob go in on Tuesday

I guess I learned my lesson use a 'commercial bank" the old regular bank has no experience with doing international wire xfers....to tell you the truth I was
treated pretty badly for a guy that banked there for 20yrs plus.....they we're just generally p/o that I tied up 3 people for 3hrs cause they had no clue...so I kinda
was the chump

of the 3 2 we're supposed branch managers...what a joke

so I feel your pain probably in the same boat....and if it does bounce and knc does not get cleared in time for $$$ back i'll likely miss the boat too on the 2nd Neptune

just goes to show bitcoin would work a lot better in all this but not gonna touch my hoard on speculating april 2014 fiat yes bitcoin at the moment no

sucks

let us know how it goes




Is the SWIFT/BIC the same for either batch?
newbie
Activity: 56
Merit: 0
December 03, 2013, 09:52:59 AM
Jupiter was clearly pushed out under too much pressure - let them a few weeks more time to tune batch 1 to its best  Cool
With hindsight 20/20, even with all the problems, take a poll how many here would rather KnC kept all their Sep/Oct Jups another 3 to 4 weeks before delivery, preventing, 1 coin per day production?  I'd have maybe bought a Nep or 2 if Delivery didn't have the /2Q.
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