Swedish ASIC miner company kncminer.com

[soy]

Beware of BitPlastic
Yet more trouble with Bitplastic for me...  BTC being literally stolen by the site owners after they admittedly saw it "Stuck" in the system... they did a "server upgrade" a few days ago, now they act as if the conversation we had never took place, and my BTC is gone. The amounts that DID eventually make it to the card (after depositing the btc about 2 weeks prior) was skimmed yet even more... well beyond and after they took their their "Fee" .6 is .53 after their fee. of which they loaded the card with $371.(fine) I was expecting more like what they advertised... 5%, not 5% plus whatever they can siphon from you...  
ended up more like 50%
Totally a rip job.
out of the one whole btc I sent... $371.00!



Also beware of BTC-e if you are American. Although they advertise 24 hour USD Deposits...  It does not exist! I have about 20+ emails to & from support on it, and they always act stupid, like they don't understand what I'm saying. They don't even accept US Bank International transfer!
So far, Bitstamp and CampBX are the only ones I have been able to successfully deal with, barring Gox in the old days when they had Dwolla... now that was a really sweet deal...

Ahh, fond memories of buying my first bitcoins.  I figured a round $25 slapped down at a Walmart with Zipzap to MtGox would be the way to go, found an extra charge so it was something like $27 or $28 and I got like 1.6btc as a result.  Then Dwolla was much better but at the rate btc was rising in value I went with max ATM withdrawals directly to BOA and into a Bitfloor account, then when half my 401k was in, I drove home from the bank thinking, Okay now I just wait and no more buying until next year - that afternoon after getting home the crash happened.

I held fast, not selling, and it hit a low of $56 or so.  As it was coming back up I was thinking, damn that was a huge transfer of wealth to those lowlifes yelling SELL SELL on the forums and BFL chat (where reverse pump and dump seems well supported).  It started down again and looking at another loss, I tried selling some, only some.  When I did it was like they were out to get me, the price rose again and I bought back for a loss.  

I decided to ignore the day to day price fluctuations and focus on mining.  I watch the price, true, but with the resolve I'd not sell in response to the manipulative highs and lows the speculators cause.

In for a penny in for a pound, the Merc and upgrade module saved my bacon.  I'm in for a Neptune and will decide how many Jups if and when they again become available.

I know mining is probably causing darkhorse ASIC development and implementation.  There will come a time that even the most efficient and best priced miners will turn out to have been bought at a loss.  Maybe this year.

Of course if our fantasies are realized and Bitcoin becomes impossibly high valued, like it replaces petrodollars, or Chile demands btc for copper ore, or Greenland wants btc for rare earths, or btc for bauxite,  then not.  But of course even with that, there will be a time that miner purchase btc won't be returned.

Who knows, maybe 3M will decide to cover all the bases and start stockpiling BTC.

[timmmers]

Nah dude, don't use Hotmail or anything like that, I'll just have to remember to check on the site.
Nice birthday pressy for BTC, going back over 1k eh? Wonder where we'll be next year. Hell of a ride this game is one way or the other

[arousedrhino]

This may interest some people, looks decent for mining in some of the designs with the lion battery. http://www.indiegogo.com/projects/solar-liberator  looks like time is short for the discount, but they ain't expensive without it.

Haven't you had enough preorders yet? Lol

Yup. I didn't say it interested me did I ? The ease of it does, the pre-order bit...not one jot unless there's a massive bonus. Bit late for that though.

Handy size for mining rigs though, and they'll probably get cheaper and more useful in the future.

As a matter of interest, I haven't heard dick from KNC for months as in newsletters, they only bother to try and sell me something,  but finding this on here https://asktom.cf/index.php?topic=392166.0 and knowing they were made aware of it I was wondering if  they ever thought to mention this to customers, or was it just me that didn't get ?

The guy who found the security problem seems to not have much from KNC by means of a reply. I'm assuming you all know about this, if not..well it's worth a read. Better safe than sorry

Dude, it's only been 19 days since KNC's last news release...   months?  
The post you cited has been there 5 days,
and we were told the crew would be back into full swing sometime on the 6th & 7th...  (tomorrow)
At least give the code boys a chance to look at it before you go off the deep end...lol

...and it's not KNC code that leaves the door open...   it's Cgminer.
any machine running cgminer right now can be hacked.  
I hope Ckilovas was notified...  just PM'd it...

PS....  using BFG Miner should avoid any hack for now folks

But seriously trimmers... thanks for the "Heads up"     A+ man!

Its not KNC code but the default configuration leaves the cgminer remote api accessible worldwide which is how KNC configured it which makes that part of the exploit KNC's fault. The owner of the miner shares part of this responsibility too and never should have placed the miner directly on the internet.

[vesperwillow]

This may interest some people, looks decent for mining in some of the designs with the lion battery. http://www.indiegogo.com/projects/solar-liberator  looks like time is short for the discount, but they ain't expensive without it.

I didn't see any information on current draw or anything honestly much more technical than pictures. Was there even a whitepaper? Just seems like more of an idea than anything.

[CYPER]

This may interest some people, looks decent for mining in some of the designs with the lion battery. http://www.indiegogo.com/projects/solar-liberator  looks like time is short for the discount, but they ain't expensive without it.

Haven't you had enough preorders yet? Lol

Yup. I didn't say it interested me did I ? The ease of it does, the pre-order bit...not one jot unless there's a massive bonus. Bit late for that though.

Handy size for mining rigs though, and they'll probably get cheaper and more useful in the future.

As a matter of interest, I haven't heard dick from KNC for months as in newsletters, they only bother to try and sell me something,  but finding this on here https://asktom.cf/index.php?topic=392166.0 and knowing they were made aware of it I was wondering if  they ever thought to mention this to customers, or was it just me that didn't get ?

The guy who found the security problem seems to not have much from KNC by means of a reply. I'm assuming you all know about this, if not..well it's worth a read. Better safe than sorry

Dude, it's only been 19 days since KNC's last news release...   months?  
The post you cited has been there 5 days,
and we were told the crew would be back into full swing sometime on the 6th & 7th...  (tomorrow)
At least give the code boys a chance to look at it before you go off the deep end...lol

...and it's not KNC code that leaves the door open...   it's Cgminer.
any machine running cgminer right now can be hacked.  
I hope Ckilovas was notified...  just PM'd it...

PS....  using BFG Miner should avoid any hack for now folks

But seriously trimmers... thanks for the "Heads up"     A+ man!

Its not KNC code but the default configuration leaves the cgminer remote api accessible worldwide which is how KNC configured it which makes that part of the exploit KNC's fault. The owner of the miner shares part of this responsibility too and never should have placed the miner directly on the internet.

What's the worst that can happen?
Some dude will mine with your equipment for a few hours, maybe a day?

[vesperwillow]

What's the worst that can happen?
Some dude will mine with your equipment for a few hours, maybe a day?

Until they plant something on your equipment to give them further access to your network. Or worse.

[soy]

BTC is at 1014 (MtGox) and gold is at 1238.  Lets see btc blast past gold and keep climbing.

[Biffa]

What's the worst that can happen?
Some dude will mine with your equipment for a few hours, maybe a day?

Until they plant something on your equipment to give them further access to your network. Or worse.

Only if your miner is placed on the open internet or the cgminer ports are DNAT mapped in and out through your router to the internet.

[fubly]

Nitrogen Cooling for Neptune Caseking



What do you think about this?

Orama, any limitations?

[Bogart]

Beware of BitPlastic

Also beware of BTC-e

BTC is at 1014 (MtGox)

This is the KnC thread.

[jelin1984]

What's the worst that can happen?
Some dude will mine with your equipment for a few hours, maybe a day?



how can someone do that>>??

[RoadStress]

What's the worst that can happen?
Some dude will mine with your equipment for a few hours, maybe a day?



how can someone do that>>??

https://asktom.cf/index.php?topic=392166.0

Now let's keep it on topic. When are the Juppies going on sale?

[dimaze]

Phoenix (and anyone else with the HW issues)

Try eligius' secondary pool, it seemed to have clean up my flushwork issues.

v2.srv.eligius.st:12234

Overall HW is down, WU is up about 2%.

3 hours and running, the 6 module jupiter is pushing 99.7% of rated hashrate to the pool (838/840)

[sickpig]

Phoenix (and anyone else with the HW issues)

Try eligius' secondary pool, it seemed to have clean up my flushwork issues.

v2.srv.eligius.st:12234

Overall HW is down, WU is up about 2%.

3 hours and running, the 6 module jupiter is pushing 99.7% of rated hashrate to the pool (838/840)

Is there any reason why the secondary eligius pool behave differently? Do they have different backend/algorythm? 

[dimaze]

Phoenix (and anyone else with the HW issues)

Try eligius' secondary pool, it seemed to have clean up my flushwork issues.

v2.srv.eligius.st:12234

Overall HW is down, WU is up about 2%.

3 hours and running, the 6 module jupiter is pushing 99.7% of rated hashrate to the pool (838/840)

Is there any reason why the secondary eligius pool behave differently? Do they have different backend/algorythm? 

Good question. Flushworks still occur per usual, but I don't notice such a dramatic increase in the HW errors when it does occur versus the primary one.

[Phoenix1969]

thanks

[DPoS]

Also beware of BTC-e if you are American. Although they advertise 24 hour USD Deposits...  It does not exist! I have about 20+ emails to & from support on it, and they always act stupid, like they don't understand what I'm saying. They don't even accept US Bank International transfer!.

if you don't understand how btc-e works, don't use it...  they don't hold your hand.    Any begging will also put you at the end of the line.  Not your kind of place

[faetos]

Beware of BitPlastic
Yet more trouble with Bitplastic for me...  BTC being literally stolen by the site owners after they admittedly saw it "Stuck" in the system... they did a "server upgrade" a few days ago, now they act as if the conversation we had never took place, and my BTC is gone. The amounts that DID eventually make it to the card (after depositing the btc about 2 weeks prior) was skimmed yet even more... well beyond and after they took their their "Fee" .6 is .53 after their fee. of which they loaded the card with $371.(fine) I was expecting more like what they advertised... 5%, not 5% plus whatever they can siphon from you... 
ended up more like 50%
Totally a rip job.
out of the one whole btc I sent... $371.00!



Also beware of BTC-e if you are American. Although they advertise 24 hour USD Deposits...  It does not exist! I have about 20+ emails to & from support on it, and they always act stupid, like they don't understand what I'm saying. They don't even accept US Bank International transfer!
So far, Bitstamp and CampBX are the only ones I have been able to successfully deal with, barring Gox in the old days when they had Dwolla... now that was a really sweet deal...

btc-e is a good exchange. They can handle volume, their API is quick, and I've made good money using them. Like DPoS said "if you need your hand held" then go somewhere else.

[1l1l11ll1l]

Also beware of BTC-e if you are American. Although they advertise 24 hour USD Deposits...  It does not exist! I have about 20+ emails to & from support on it, and they always act stupid, like they don't understand what I'm saying. They don't even accept US Bank International transfer!.

if you don't understand how btc-e works, don't use it...  they don't hold your hand.    Any begging will also put you at the end of the line.  Not your kind of place

+1

[soy]

Beware of BitPlastic
Yet more trouble with Bitplastic for me...  BTC being literally stolen by the site owners after they admittedly saw it "Stuck" in the system... they did a "server upgrade" a few days ago, now they act as if the conversation we had never took place, and my BTC is gone. The amounts that DID eventually make it to the card (after depositing the btc about 2 weeks prior) was skimmed yet even more... well beyond and after they took their their "Fee" .6 is .53 after their fee. of which they loaded the card with $371.(fine) I was expecting more like what they advertised... 5%, not 5% plus whatever they can siphon from you...  
ended up more like 50%
Totally a rip job.
out of the one whole btc I sent... $371.00!



Also beware of BTC-e if you are American. Although they advertise 24 hour USD Deposits...  It does not exist! I have about 20+ emails to & from support on it, and they always act stupid, like they don't understand what I'm saying. They don't even accept US Bank International transfer!
So far, Bitstamp and CampBX are the only ones I have been able to successfully deal with, barring Gox in the old days when they had Dwolla... now that was a really sweet deal...

btc-e is a good exchange. They can handle volume, their API is quick, and I've made good money using them. Like DPoS said "if you need your hand held" then go somewhere else.

Thanks for the heads up.  Not so much for pointing me to trade on btc-e but in checking btc-e out on wikipedia I saw that the changing foutunes of MtGox, at least their difficulty in exporting dollars for sold btc, has caused the value of btc on MtGox to be inflated compared to other exchanges.  The difficulty must be that FINCEN wants more information than they feel comfortable giving.   Am I right or has it been made particularly difficult for MtGox, e.g. Bitcoin started there?

I recall at the time of the crash MtGox was halting trades trying to stem the carnage.  The US stock exchange does the same when stock trading is taking a bad turn.  Other exchanges did allow the steep drop and still do.  Maybe MtGox is seeing difficulties from US banks for just that reason.  If US banks want to destabilize bitcoin they need to be able to manipulate the value, like the rise and fall the day before US Senate hearings on bitcoin.  If MtGox was preventing that they needed to flex their muscle.