Swedish ASIC miner company kncminer.com

[FUKT]

Neptunes are down to 32/1200 left up for sell.

Seems they will have sold out 1200 x 12,995.00 = WOW

I dont quite understand that either. Even if people assume Neptune will do 4TH, BA prospero X3 would cost the same per TH and in all likelihood will be delivered  several months earlier.

Sure, Neptune might be more power efficient, but only if KnC delivers significantly better performance per watt than they claim and/or BA delivers worse performance per watt than they claim, because BA states 0.5 W per GH at the chip level (lets assume that works out to 0.7W at the wall) while KnC is saying 30% better than Jupiter. If Im not mistaken, Jupiter does around 1.1W/GH currently? A 30% improvement over that is ~0.8W. ON paper they are pretty much on par, with arguably BA having a slight advantage.

Even if you assume KnC will be one or two tenths of a watt more efficient per GH, if that is more important than mining several months earlier, then you are in trouble. @4000GH and $0.15/KWH, a 0.1W/GH better efficiency works out to 0.4KW * 0.15 = $0.06 per hour, or $43 per month. One day that will matter, but if that is significant next spring, and more significant than mining a few months earlier, good luck earning back those $13000.

Of course it could be 5.5TH and BTC could be at $2K by then, who knows, who knew that KnC's 350GH/s Jupiter would end up at 650GH/s and BTC up from $100 to $1000? Its a risky game thats for sure. But I've made back what I spent on my Oct batch and managed to mine enough to buy a Nov batch, which has also paid itself off, and a Neptune and still have coins in the bank after paying the electricity, so for me thats all good

Now this is interesting, I've often wondered about that lucky $1000 price that managed to make KNC miners profitable. What if bitcoin stayed a $100? I assume people are convinced that a Neptune will be profitable, but I certainly hope they are not banking on another super price rise.

[Phoenix1969]

I don't think the Jupiter was ever advertised as upgradable, that was on Mercs & Sats.

It's the main advertising bullet point overarching their entire product page. It's still there, over the Neptune product as well.

It was indeed not meant for Jupiters, and yes they could have limited that to merc & sat owners, but theres no way anyone guessed that so many Jupiter owners would have snagged up the boards so boldly....
...
Things like this happen... I call it Murphy's Law.

That's absolute penguin poop. No, it wasn't "meant" for them, but there were indeed ways to limit the product. It's not about guessing who would've snagged them up. KNC told Mercury/Saturn owners they would get the chance for the boards. KNC then claimed they had no idea how to offer it to just them so they figured they'd just let the wolves have at it. Which is childish.

It's this little thing called "running a database" and setting flags. All they had to do is what they're doing now--limit sales to previous owners of the product for X amount of time. What they wanted all along is a firesale. For them to say they had no idea how to do it.. is absolute garbage.

It would be equivalent to them saying they wanted previous customers to have first dibs on the Neptune, but couldn't figure out how to do that, so they just gave the discount to the first 1,200 customers.

I see it...  That certainly needs corrected.    That has been there since Merc & Sat, which are now gone...it needs updated.

and I do recall saying the board issue was an oversight btw....  i agree with you, just they are human and thats where Murphy's Law kicks in....
nothing is perfect in this world, but they are trying to make up for it... and I appreciate that!

[FUKT]

It's Friday 13th, time for something spooky:

https://hashfast.com/hashfast-announces-fastest-bitcoin-mining-chip-in-the-world/

500GH/s on a single chip.

And they expect to get more.

If they can get it up to 750GH/s (i.e. 3TH/s on 4 boards), they will have acheived now what KNC are promising 7 months from now  

Sure nice improvments, they come quite late, though. Batch1 BJ customer have paid 50 btc for one unit long time ago. Just saying...

Q2 begins in 3 months, 2 weeks.... not seven months... and the ststement said q1/q2, so could be sooner.
I did hear good things about BA.... but HF?
no sense in exaggerating things... aren't they the same noobs that couldn't even secure substrates for their chips?
Until another company can physically show me a better deal.... They get a facepalm from my wallet.
and BTW... There's no such thing as a "perfect" first run in asic preorders.
You can expect BA & HF....and CT...to experience the same "Growing pains" as everyone else....
just like they've already shown. Anything else, and you're delusional.

Visit their sites, and you see statements like "TerraMiner IV is currently the most powerful, high-performance Bitcoin mining rig available for pre-order."(CT) NOT TRUE

and...  "HashFast Announces Fastest Bitcoin Mining Chip in the World!"...  uh huh...

And the new marketing manager for KNC steps in to set the ship straight.

[Phoenix1969]

It's Friday 13th, time for something spooky:

https://hashfast.com/hashfast-announces-fastest-bitcoin-mining-chip-in-the-world/

500GH/s on a single chip.

And they expect to get more.

If they can get it up to 750GH/s (i.e. 3TH/s on 4 boards), they will have acheived now what KNC are promising 7 months from now  

Sure nice improvments, they come quite late, though. Batch1 BJ customer have paid 50 btc for one unit long time ago. Just saying...

Q2 begins in 3 months, 2 weeks.... not seven months... and the ststement said q1/q2, so could be sooner.
I did hear good things about BA.... but HF?
no sense in exaggerating things... aren't they the same noobs that couldn't even secure substrates for their chips?
Until another company can physically show me a better deal.... They get a facepalm from my wallet.
and BTW... There's no such thing as a "perfect" first run in asic preorders.
You can expect BA & HF....and CT...to experience the same "Growing pains" as everyone else....
just like they've already shown. Anything else, and you're delusional.

Visit their sites, and you see statements like "TerraMiner IV is currently the most powerful, high-performance Bitcoin mining rig available for pre-order."(CT) NOT TRUE

and...  "HashFast Announces Fastest Bitcoin Mining Chip in the World!"...  uh huh...

And the new marketing manager for KNC steps in to set the ship straight.

I wish, lol. They don't need any marketing though...  the products would sell without any advertising at all.
Can you imagine how hard it would be to order a KNC device if they were actually advertised on TV or PCmags?
We would all be like you.... FUKT! 

[FUKT]

Especially one who treated me so well.

That really does make all the difference vs getting faulty gear and no help.

ever heard of RMA?  All you had to do was call them if you had a "faulty rig"
Those who did, got replacements, most in record time.

I'm on my second RMA, and by RMA I mean RMA for the first RMA I got.

[FUKT]

KnC's network protection program is quite inferior to BFLs. BFL have been protecting the network for like 18 months now

Best quote of year.

[Phoenix1969]

Especially one who treated me so well.

That really does make all the difference vs getting faulty gear and no help.

ever heard of RMA?  All you had to do was call them if you had a "faulty rig"
Those who did, got replacements, most in record time.

I'm on my second RMA, and by RMA I mean RMA for the first RMA I got.

You RMA'd your RMA?  Wow. That's bad luck man.
Suspicious too somehow...  that there may be another problem you're not seeing maybe... but who knows....
That sucks.....  hope you get it worked out.

[opentoe]

Neptunes all sold out!

Noooooooooo,   it's official ALL GONE 

why so sad?

doesnt that mean they can get started?

KNC isn't going to do a damn thing this year that has anything to do with Neptune other than take people's money. With holiday schedules coming up and New Years, it is almost impossible to get anything done. They'll start working on Neptune from scratch in January, hence such a huge delivery date window. If you can't figure out when you can ship a product on a 6 month time line then its a fact there will be problems and issues.

[Cablez]

No one it seems has mentioned the bigger delay and that is Chinese New Year in Feb.  When just about everything there shuts down for two weeks.  Let's see how all these companies schedules look then.

[faizaa123]

Good to see the Neptunes sell out.  I decided against purchasing one, I think I'll go for 3rd generation KNCs.  Great company to deal with.  A complete pleasure compared to some of the other nightmarish manufacturers out there.

[ASIC-K]

Good to see the Neptunes sell out.  I decided against purchasing one, I think I'll go for 3rd generation KNCs.  Great company to deal with.  A complete pleasure compared to some of the other nightmarish manufacturers out there.

3rd gen stuff will be commercial....might not be suitable for you dude.

[xstr8guy]

I'm just going to put this out there, but I got a gut feeling that if Hashfast deliver in December, and its looking like they will, depending on how "substantial" it is then KnC may do another batch of Jupiters.

Their policy was not to produce any more batches in December 2013, January 2014 or  February 2014 unless any of their competitors add large amounts of hashing power to the network during the same period.

Hopefully, if they do, they will be comparable in price to their competition i.e. <$4K

I believe KNC is geared-up already and just waiting for the competition to release.

But... and here's the kicker... KNC will be shipping only Jupiters (no Saturns)from stock or with a very short build time.  Remember, no one else will be shipping orders made today until March/April at the soonest.  Therefore KNC will be pricing accordingly, easily double your $4000 guesstimate.

Bitfury did the same thing.  30GH/s boards were $500 two months ago but are now $1000 each.

Hash power today is worth MUCH more than hash power in 3 or 4 months.  And no, the cost to produce a product has no bearing on its price as long as there is a demand for that item.

Not sure really depends, Bitfury had zero competition (KnC had stopped shipping), they also had a LOT of people with semi populated rigs who need those extra blades.

By the time KnC does a January or February batch HF will have been in full swing with 500Gh/s BJ's at $2250 and there is a likelyhood that Cointerra & Blackarrow will be shipping and selling their $6K 2TH miners.

Of course its all dependent on "if" they ship.

Bitfury has no competition right now?  Not true.  ASICMiner Cube, Avalon Mini, BFL Single (yes, really!) and the awesome BitMain AntMiner are all shipping now or with just a little lead time.  That's competition!  Not to mention all of the Bitfury and Avalon clone makers.

Sure HF, Cointerra, BlackArrow, etc. may finally be shipping their first, possibly second batch preorders but they won't be shipping from stock and KNC possibly could.  You'll still have to wait a couple of months if you order a HashFast or Cointerra at that time.  So if you want a Jupiter at that very instant, you'll pay through the ass for it.  I guarantee it!

[faizaa123]

Good to see the Neptunes sell out.  I decided against purchasing one, I think I'll go for 3rd generation KNCs.  Great company to deal with.  A complete pleasure compared to some of the other nightmarish manufacturers out there.

3rd gen stuff will be commercial....might not be suitable for you dude.

Has this been confirmed?

[ASIC-K]

Good to see the Neptunes sell out.  I decided against purchasing one, I think I'll go for 3rd generation KNCs.  Great company to deal with.  A complete pleasure compared to some of the other nightmarish manufacturers out there.

3rd gen stuff will be commercial....might not be suitable for you dude.

Has this been confirmed?

well knc stated the neptune will be their last consumer device...

[faizaa123]

Good to see the Neptunes sell out.  I decided against purchasing one, I think I'll go for 3rd generation KNCs.  Great company to deal with.  A complete pleasure compared to some of the other nightmarish manufacturers out there.

3rd gen stuff will be commercial....might not be suitable for you dude.

Has this been confirmed?

well knc stated the neptune will be their last consumer device...

Interesting... thanks for that info.

[xstr8guy]

KnC's network protection program is quite inferior to BFLs. BFL have been protecting the network for like 18 months now

Ack!  Can't we let that meme die yet?  They've actually shipped all of the first gen preorders and are shipping from stock.  But yeah, still waiting on the Monarch... so there's that...   

[davewr2013]

Is anyone using Seasonic X1250W supplies for their November Jupiters? I found that after about a minute after bootup (when the Jupiter is about to start hashing), the PSU shuts down. I let the PSU reset itself (takes several minutes), try again, same results. Consistent and repeatable. I tried 2 separate X1250's and 2 separate November Jupiters with the same result.

Obviously 1250W should be plenty, and the Seasonic is a high-quality supply, so I'm not sure what is causing the shutdowns. I normally have the X1250's running 4 BFL SC Singles without any issue, and those take more power than a Jupiter.

I had some Corsair AX860's kicking around so I tried those for the Jupiters. They work well and I haven't had any trouble after 24 hours now.

I can confirm this will happen with the X Series.

I made a Previous post on this btw...

[DeathAndTaxes]

Is anyone using Seasonic X1250W supplies for their November Jupiters? I found that after about a minute after bootup (when the Jupiter is about to start hashing), the PSU shuts down. I let the PSU reset itself (takes several minutes), try again, same results. Consistent and repeatable. I tried 2 separate X1250's and 2 separate November Jupiters with the same result.

Obviously 1250W should be plenty, and the Seasonic is a high-quality supply, so I'm not sure what is causing the shutdowns. I normally have the X1250's running 4 BFL SC Singles without any issue, and those take more power than a Jupiter.

I had some Corsair AX860's kicking around so I tried those for the Jupiters. They work well and I haven't had any trouble after 24 hours now.

I can confirm this will happen with the X Series.

I made a Previous post on this btw...

A solution was provided upthread.  The power supply has current limit per CABLE SET not per plug.  Be sure to use 1 PCIe plug per cable.  Connecting two ASIC boards on one cable puts the peak current over limit OCP and it trips to protect the PSU and device. I have two Jupiters (1 Oct, 1 Nov) running on SeaSonic 1250W without issue. 

[opentoe]

All manufactures will have no choice but to make "commercial" rigs. When making rigs 5TH+, they all become commercial. Only the guys that have the facilities to run these will be the only ones buying them. I really hope that 30 year old still living at mommy's house doesn't try to buy one of those future 5-9TH models. There goes the electrical house fire.

[helmax]

It must have been god
I was lucky to buy today in the last day