Topic: Swedish ASIC miner company kncminer.com - page 915. (Read 3050071 times)

People don't like to be told this. When I mentioned the other day that pre-ordering bitcoin hardware for delivery 7 months from now was stupidity, people got pissed.

Some people clawed back 20+BTC and are going to double down and spend most of that on another machine for delivery quite possibly 7 months from now? It does take a "special kind of thicko" to think this is a brilliant investment. Glad I'm out of the buying hardware game, I spend enough hours working to get my knc pos to hash stably.

Previous customers with a day 1 Jupiter may have mined 10 BTC but maybe they remember when they paid..when a Jup cost them about 70 BTC which is far from a victory whichever way you look at it...and they had the sense to want to not use BTC this time ?

 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, which simply wasn't true for the vast majority of customers because the upgrades either can't be bought, or won't be compatible...even the Nov stuff isn't. 
As for the Neps, wasn't this a loyalty thank you thing ? The special price (or ability to buy one at all)? IF so, why allow greedy bastards to abuse that and buy 10? Instead of limiting to 2 or 3 each and restocking the cart when they had gone ..day 1 and day 2 orders...where did I remember that from? That way more of their loyal customers could have got a share of that loyalty payback.

People so easily forget that a Jupiter may be mining BTC a grand more valuable than when paid for, but the price in BTC is still not likely to be recovered. 70BTC = 70000 dollars plus now. Why the hell would someone use BTC to buy a rig after that lesson? You'd have to be some special kind of thicko.

very very rough estimation without evidence to proof it...just gut feeling:

4.2K Thera - Neptune 1st Batch (1200 Neptunes)
1k Thera -  Bitmine (estimation I dont know how many machines they sold out)
2k Theras - Hashfast  (500 Theras just for IceDrill group...no idea how many machines each batch)
2k Theras - Cointerra (no idea how many machines each batch)
---------------------
9.2 P Hashes at least in the next 6 months

History has proven its a fruitless excercise.

Out of curiosity. Is there someone among the dudes that preordered neptunes, that has done an actual estimation for difficulty and ROI?

Well, you must have balls of steel. If I had Nov order and if November was coming to an end without shipment or word from KNC, I would be a pussy and not having a blast for sure.

anyone else having problems with eligius? im refreshing my stat page but my hash rate on the page remains the same, but on my computer it shows me hashing!

Higher the risk....  higher the reward
But to me..... Gambling on KNC isn't such a "High risk"....especially when compared to the so-called "competition". I'm just following my "Gut Instinct" at this point...I'm having a blast anyway...

I've had the exact same experience with couple my friends and was telling them to buy bitcoins day after SilkRoad was busted (3rd Oct) and bitcoin was about $88, my friends so called financial adviser told my friends don't invest in bitcoins because it's a pyramid scheme and you'll loose your money.  I had an argument with this financial adviser and told him how can you say this if you don't know anything about it.  Since then my friends keep asking me whats the price of bitcoins now and should I by a miner.  Well to cut a long story short, they now think their adviser is an idiot and they still wondering if they should invest.  I now have learn to keep my mouth shut. fuck them.

You are putting way too much trust into knc by reinvesting all of your btcs, in my opinion. But what do I know. Maybe that's what will make you a billionaire instead of $2.4 millionaire.

They are here... https://bitcointalksearch.org/topic/m.3763343

Buying KnC miners, PM me with details of your miners thanks

Yeah, I'd like to be mining...and will be...very much so....
come whenever the neptunes arrive,  if everything goes as planned, I'l be rockin' somewhere between 18-24 terrahash neptune time. I just withdrew 3900+ dollars, so only less than 8k of original investment $ in.... still...
how much you think coin will be worth in march/april?
how many coin a day can I possibly get?
We shall see!

Mining with 650 now will definitely have a head start.  3th could very likely mine much less when they launch.

What I wonder is how can Phoenix keep his sanity when he spent what, about 40btcs, plus forwent probably another 20btcs that he could mine by selling his units and spending it already on neptunes. (Total 60*potential $40K = $2.4mil). And has pretty much nothing at the moment, with his november order being apparently delayed and uncertain future about neptunes and difficulty.
Kind of makes me glad that I don't have any more preorders and don't have to go through this.

Amen, brother. Economics is not such a dismal science when you read Menger and Von Mises But it does fail to factor for fortune favoring the foolish, which seems to be damn near universal.

Was mostly referring to him just buying 5 btc @ $200.  Lucky sack of crap doesn't deserve to make a dime.  I'd like to scare him out somehow.  lol

There is something annoying about non-libertarians with giant ego's making money on something they don't understand.  Whereas I've mostly sunk my life into trying to learn about proper economics contrary to our currently accepted system.

I got a good laugh...   so clueless...Knc has delivered two batches of merchandise, working at the tail of the third, and where is cointerra? I don't even see how you can call them "competition" at this point...

For the love of god, your post makes me want to punch my screen.

Looks good I still don't know if they can compete with cointerra cosidering it was proven not a scam