Swedish ASIC miner company kncminer.com

[Biffa]

1. Stating they sold their stock of RMA boards is an unsubstantiated guess on your part designed to spread FUD. Dunno what your agenda is, or what you hope to achieve with those sorts of mud slinging speculative remarks.

I believe the RMA comment came a few pages back from KNC, but I might be wrong.

I'd be interested to see it. I think its pure speculation.

[BitcoinApprentice]

They are doing the right thing when they look after their customer's interests. Limiting the total growth is one way. Another would be to produce as much as possible and offer discounted hash rate to previous customers.

The latter could be more beneficial to their customers as it would decrease the influence of competing solutions from other vendors. But for Bitcoin as a whole I prefer seeing lot's of competing products out there We'll see how long KNC remain this dominant though!

But see, that's just it--is it looking out for the customer's interest to hold their product's shipment until a time which they determine is best?

They said at the beginning they would offer the first-gen folks special discounts/vouchers for this very situation, and for every generation after, ship immediately (as soon as realistically possible) unless they were the only ones influencing the network, in which case they would hold product. They're no longer the only ones influencing the network, and should simply be constantly shipping. Products should be discounted heavily every generation after. 100GH units, for example, are being projected to be worth less than $100USD by March, in some analysis markets. They're doing this in one way by giving us more hashing power. But still.

On the topic of Swedes, I like Swedish businesses, they are very straight shooters and really go out of their way. I really admire their culture as a whole.

The idea of protecting the network is, at best, idealistic and ephemeral. They're just delaying the inevitable, the continuing difficulty rise. The sooner difficulty plateaus the better for everyone. Network protection comes from diversified hashing, not slowing down shipments.

I believe it's a method for them to simply not have to worry about parts acquisition delays and production delays, the 'protection' mantra gives them 'spare time'. It's a smart move regarding a business angle, I'm not knocking it.

Just saying, "protecting the network and its miners" is really out the window. It's a wet noodle being waved in the wind. Just ship equipment as it comes through and let the system manage itself.

Cointerra sure as hell isn't going to delay. 25,000+ first batch units on a mostly automated assembly line. That's going to kick a lot of people in the dick when they wake up one day and see the difficulty jump the maximum allowable.

I once remember KNC asking the community if we would be interested in a Litecoin (Scrypt) FPGA/ASIC miner, it was on their home page few days. I wonder now if they will be able to do it or if they have interest at all,  after rolling out and selling all they have with this 28nm Project they will have plenty time for development.


I really wonder if they were serious about it.

Yes, they are serious but it's not their primary focus right now.

The best interest of any ONE given customer is to have as much Hashing as they can afford. Artificial restrictions are falsely noble, especially when other producers are in the market.  Of course everyone that has miners wish they were the top hasher, but that line slowing NETWORK hash increases is best left to real capitalistic supply/demand!

A scheduled release does let one hope their results be be good for a month or two, but there are way too many variables. We aren't given exactly how many units are to be released by each company so it's all an educated guess anyway. Buy as much as you want to afford, and when the HW price drops, buy as much as you want to afford... & repeat.

 The Only parameter I would suggest to KnC is to disallow a single customer from buying ~50% of stock, etc., Such as Gates/Winklevoss/NSA to allow a majority of customers access.

[The Avenger]

1. Stating they sold their stock of RMA boards is an unsubstantiated guess on your part designed to spread FUD. Dunno what your agenda is, or what you hope to achieve with those sorts of mud slinging speculative remarks.

I believe the RMA comment came a few pages back from KNC, but I might be wrong.

I'd be interested to see it. I think its pure speculation.

Thank you, but vesperwillow and I are correct:

It was always the case of what volume of RMAs would occur once shipping commenced being an unknown. Also if there was to be any yield issue beyond firmware, so there was in essence a float of modules kept.

Now that's complete, the surpless can be sold as the promised upgrades, and priced fairly.

RMA for batch one is complete! Didn't you know? Everyone's miner is working 100% perfectly now don't you know. Who needs a stock of rma boards? Let's fire sale them and turn 'em into dolla dolla bills y'all!

[vesperwillow]

Just saying, "protecting the network and its miners" is really out the window. It's a wet noodle being waved in the wind. Just ship equipment as it comes through and let the system manage itself.

The best interest of any ONE given customer is to have as much Hashing as they can afford. Artificial restrictions are falsely noble, especially when other producers are in the market.  Of course everyone that has miners wish they were the top hasher, but that line slowing NETWORK hash increases is best left to real capitalistic supply/demand!

A scheduled release does let one hope their results be be good for a month or two, but there are way too many variables. We aren't given exactly how many units are to be released by each company so it's all an educated guess anyway. Buy as much as you want to afford, and when the HW price drops, buy as much as you want to afford... & repeat.

 The Only parameter I would suggest to KnC is to disallow a single customer from buying ~50% of stock, etc., Such as Gates/Winklevoss/NSA to allow a majority of customers access.

Yup.

[Biffa]

Thank you, but vesperwillow and I are correct:

It was always the case of what volume of RMAs would occur once shipping commenced being an unknown. Also if there was to be any yield issue beyond firmware, so there was in essence a float of modules kept.

Now that's complete, the surpless can be sold as the promised upgrades, and priced fairly.

RMA for batch one is complete! Didn't you know? Everyone's miner is working 100% perfectly now don't you know. Who needs a stock of rma boards? Let's fire sale them and turn 'em into dolla dolla bills y'all!

Speculation and FUD, come on Avenger, selective quoting is so predictable from you.

Why don't you quote just a couple of entries down from the one you did?

What if RMA's are needed in the future?  SOL?

There is a float there as well solely for RMA, that won't be sold.

[BitcoinApprentice]

25,000+ first batch units on a mostly automated assembly line.

25,000?  

Is that a guesstimate or based on anything official?

I can't cite my source but I can say it's reliable to say that their order queue for first batch is near their maximum capacity for production. They had an order blog up at some point (not sure if they still do), but there were some huge orders on there, saw some single orders for more than 100 units.

My KNC order prediction was very much on point, as has our difficulty estimate related to orders coming online, the past few times.

Like I said about 500 pages back, when KNC comes online (as they have) difficulty is going to skyrocket, and keep doing so, and when Cointerra (and Hashfest if they ever do) comes online, it's going to cause eyes to pop.

Their 2nd batch is already sold out too i think, and they're almost full on their 3rd. They're using a mostly-automated production line, several of them.

They're the "KNC of America" as I've said before, except they've taken an even more hands-off approach. Chip design they handled, overall product design they handled, they outsourced everything else: Power, Cooling, Assembly, Shipment, etc.

I don't doubt. I imagine US miners much prefer to deal with a US company - much easier shipping and suing!  

Kinda explains why knc sold their stock of rma boards - they know they are going to be useless in a month or two, why keep them on hand? Turn them into cash now. Who is going to rma a board when it'll then be the mining equivalent of a 5870 gpu in a few months?

They will sell any miners left after the pre-orders are out the door. If no one wants them at that price, they'll sell them at reduced price to shift them. They've already added a clause saying that they will continue to sell through Dec, Jan etc if other companies add lots of to the hash power to the network (which is what is happening). They aren't going to hold on to equipment that will be redundant and no one wants in 4 months time.

I wouldn't be surprised if they retire and get out of the game after that. They are obviously gamblers, but they aren't stupid. It looks like their gamble will pay off, but probably not for their customers who gave them the free loan of millions (pre-orders).

I'd still be right about the last part if BTC had stayed at $120. But now it's quadrupled, everyone feels they are going to break even by doing fiat calculations. But if you paid 70BTC for a jup, if you got your order after the difficulty change on 16th October, you'll never see anywhere near 70BTC back mining with it. So anybody who thinks in btc see's they lost buying from knc.

So I wonder if the fire-sale of boards was an indication they are planning to clean up and clear out? They might have one more go with a multi TH/s miner, but would they risk losing everything if they f it all up?

http://persephonemagazine.com/wp-content/uploads/2013/01/gw-itcrowdmosspopcorn.gif

It's definitely good to plot BOTH the fiat Breakeven and the BTC breakeven.  I've passed fiat B/E, BTC will take a little longer.

[The Avenger]

Thank you, but vesperwillow and I are correct:

It was always the case of what volume of RMAs would occur once shipping commenced being an unknown. Also if there was to be any yield issue beyond firmware, so there was in essence a float of modules kept.

Now that's complete, the surpless can be sold as the promised upgrades, and priced fairly.

RMA for batch one is complete! Didn't you know? Everyone's miner is working 100% perfectly now don't you know. Who needs a stock of rma boards? Let's fire sale them and turn 'em into dolla dolla bills y'all!

Speculation and FUD, come on Avenger, selective quoting is so predictable from you.

Why don't you quote just a couple of entries down from the one you did?

What if RMA's are needed in the future?  SOL?

There is a float there as well solely for RMA, that won't be sold.

You don't read too good do you Biffa?

Guys, due to the fact we underestimated the demand and oversold, we had to wait for the rest to be produced at the factory.

Why would you need to produce more boards at the factory if you have an overstock, much more than needed supply of rma boards?? I think this gives a fairly good idea of how few rma boards they have in stock.

Not getting drawn on this point again. It's all there if you read.

[Biffa]

Why would you need to produce more boards at the factory if you have an overstock, much more than needed supply of rma boards?? I think this gives a fairly good idea of how few rma boards they have in stock.

Not getting drawn on this point again. It's all there if you read.

Because maybe they aren't the big bad bogemen you make them out to be? Because they didn't include the RMA stock as its important to have around for, oh I dunno, maybe, RMA's?

Just because you have a big negative mental fixation fantasy about them doesn't mean that everyone else has to live your nightmare version of reality.

Case in point: CYPER is going to Stockholm today to pick up his new boards and RMA his faulty ones.

I understand you don't like to be proven wrong, so its ok, I know, for you this will fall on deaf ears.

[The Avenger]

Why would you need to produce more boards at the factory if you have an overstock, much more than needed supply of rma boards?? I think this gives a fairly good idea of how few rma boards they have in stock.

Not getting drawn on this point again. It's all there if you read.

Because maybe they aren't the big bad bogemen you make them out to be? Because they didn't include the RMA stock as its important to have around for, oh I dunno, maybe, RMA's?

Just because you have a big negative mental fixation fantasy about them doesn't mean that everyone else has to live your nightmare version of reality.

Case in point: CYPER is going to Stockholm today to pick up his new boards and RMA his faulty ones.

I understand you don't like to be proven wrong, so its ok, I know, for you this will fall on deaf ears.

Cyper's boards were set aside since before the fire sale:

Cyper there are four modules for you as I said, but you're dicking around not sending them!

See? Didn't fall on deaf ears. Now please run along, you made me reply one more time even though I said I wouldn't.

[FiatKiller]

Holy crap! I go away for a week and come back to BTC selling for $650! Wow, wish I bought more miners now. I did have to reboot the Saturn about 3X thru logmein. It seems to have issues after 12 mill shares.

[Biffa]

Why would you need to produce more boards at the factory if you have an overstock, much more than needed supply of rma boards?? I think this gives a fairly good idea of how few rma boards they have in stock.

Not getting drawn on this point again. It's all there if you read.

Because maybe they aren't the big bad bogemen you make them out to be? Because they didn't include the RMA stock as its important to have around for, oh I dunno, maybe, RMA's?

Just because you have a big negative mental fixation fantasy about them doesn't mean that everyone else has to live your nightmare version of reality.

Case in point: CYPER is going to Stockholm today to pick up his new boards and RMA his faulty ones.

I understand you don't like to be proven wrong, so its ok, I know, for you this will fall on deaf ears.

Cyper's boards were set aside since before the fire sale:

Cyper there are four modules for you as I said, but you're dicking around not sending them!

See? Didn't fall on deaf ears. Now please run along, you made me reply one more time even though I said I wouldn't.

Exactly they kept some aside, for RMA's CYPER's or whoevers it doesn't matter.

Either way, it makes more sense, my experience with them is that they aren't the sort of company to dick around with that sort of stuff, I could be wrong, I'm not infallible, but it makes more sense to me that they wouldn't do what you are guessing they have done and sell all their RMA stock.

Difference between us is that I'm not turning my SPECULATION into fact like you do, I don't know why you do, I don't even want to try and guess what your problem is, but its almost pathological looking at it from the outside.

If you used words like "I am guessing" or "I personally think" or anything that doesn't pretend like you are the only person in the world who REALLY knows whats going on and the rest of us are just deluded fanbois then you wouldn't appear so fixated.

[sickpig]

Holy crap! I go away for a week and come back to BTC selling for $650! Wow, wish I bought more miners now. I did have to reboot the Saturn about 3X thru logmein. It seems to have issues after 12 mill shares.

slightly OT but speaking of "logmein" I found a foss replacement that serves me well for the last 3 years: http://www.ntop.org/products/n2n/
(you should have a vps/server with a public ip to run as supernode)

[CYPER]

Got my new shiny boards and I am currently enjoying a tradional Swedish meal (chicken kebab  ) until it's time for the plane.

[jelin1984]

Any news about the November orders?

[Biffa]

Got my new shiny boards and I am currently enjoying a tradional Swedish meal (chicken kebab  ) until it's time for the plane.

Nice one! Hopefully you will be really flying when you get them all up and running.

What are you planning on doing with the upgrade modules? Did you get a case or any info on what to use?

[btc_uzr]

Any news about the November orders?

  Don't you read the news ?
https://www.kncminer.com/news/news-66

[Sitarow]

Firmware v0.9.9 24hour results.

[soy]

Searing... you can flash back and fourth no problem...just remember to clear your browser casche every time.
for me, the beta, and no gui or putty is best...

ok just to be clear I can simply flash back to .95 the same way I flashed forward to .99?\

probably an't gonna go back to .95 I've gained about 18gh in hashing on ave and 12gh on the pool so far and went from up 700 in WU

Yep I go back to .96 all the time because none of the newer firmwares do anything to improve my Jupiter except make it use more power and then after a few days lose more GH/s

So normally for me, its reflash 0.96, reboot, flash enablecores, reboot, flash bertmod (don't reboot)

hmmmm.......enableallcores or not...hmmmm....bertmod or not....you have to know from my previous posts being a coward seems to help (my miner senses fear like the alien in the original star trek series episode....same feeding issue only explanation of its robustness in mining....) ...so...being a pessimistic coward has worked for me....

thanks for the advice will probably try that in a day or two as my pucker factor after upgrading from .95 to .99 gets better and the fact that www.mtgox.com still shows $606 USD as I note at this post (we also serve who cower and quiver...er at least I've not bailed on my 21 btc yet)...still have not bricked unit yet and yelled for help (something to look forward to my panic in forums when this happens)

will be 1 month mining Monday 11/18 at 8:30pm or so CST USA....... quite the ride...and a U.S. Senate hearing on Bitcoin tomorrow   er here is the link I've been saying it is a house hearing...I guess it is a U.S. Senate Hearing....I make a prediction that the Senator from N.Y. where finance is big is really really gonna not like BTC from that banking state imho

here is the Cspan link http://www.c-spanvideo.org/program/Currenci

so if they are positive even a little or neutral on BTC ....strap your self in for a rocket launch on BTC vs USD price imho ..if negative on BTC imho it will correct somewhat but I've no idea how nuts BTC prices will go ...if by some miracle it comes out that this hearing has no issues with BTC of any note

Things might go better than expected.  http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html

[davewr2013]

Got my new shiny boards and I am currently enjoying a tradional Swedish meal (chicken kebab  ) until it's time for the plane.

And here I always thought that Brochettas de Pollo were a traditional Mexican dish...
http://www.elbambu.mx/

Learn something every day...

Just thinking about them makes me hungry...

Best wishes for your trip BTW -- get home safely!

[monsieur]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.