Swedish ASIC miner company kncminer.com

[btc_uzr]

day 1/2 customers should have no advantage over the rest of October customers, in my opinion. Day 1/2 customers were compensated enough by receiving their miners early and mining more bitcoin.

Yes, now it's hard to image that there was any risk at all when day1/2 customers ordered and payed.
And in addition it's very easy to say that you would have spend that much money at this point in time, too.

Actually few of my friends shook their heads when they heard I invested in this Swedish start up company.
Colleagues told me the time line for development and production is unrealistic, especially for such a small company and I will very likely loose all my money.

Risk some serious money on a startup which could fail and then get told by the late comers who where betting on the safe horse close to the finish line that the early ones shouldn't get rewarded. You do not consider it serious, do you ?

Btw do you know bitbet ?
Do the guys placing their bets late get the same return in case of a win as those who placed their bets on the first day ?

Here's a hint quoted from a current bet

Weighted No: 9`963`278
Weighted Yes: 9`959`399
Current weight: 90`757 ( from 100`000 to 1 )

Who still thinks it is unfair:
How about go to mommy and tell her the world is bad to you (when it actually isn't), maybe she cares..

[RenHoek]

Who still thinks it is unfair:
How about go to mommy and tell her the world is bad to you (when it actually isn't), maybe she cares..

dito! 

[fractal02]

I find pretty fair for early buyer (those who taken the most risks) to have advantage.

And i haven't KNCminer machine (yet   )

[monsieur]

I find pretty fair for early buyer (those who taken the most risks) to have advantage.

I haven't KNCminer machine (yet   )

Right. None of the October customers knew that the machines will not turn out to be duds.

[Phoenix1969]

What the fuck... Why should you guys (previous customers) have a advantage?.. *stunned*  
Is it not enough that you were first and mined some coins on the first round of KnC miners?

First come, first serve <-- The only fair thing to do.

... or are you scared of the competition? (Can´t see any other logical explanation)  

Because we trusted them with thousands of dollars when their site was almost a blank page!
And I was told over & over by trolls for three full months on how big a mistake buying from KNC was!
Now, where are they? I can understand you are jealous, but get over it... you had the same opportunity we did, but you decided to wait, or weren't paying attention. You reap what you sow. Live with it. Now there will be a whole new wave of crybabies....

[timmmers]

Interesting news.

I hope KNC learn how to send email so we can learn the whole story. I have had very few.

Just a little reality check here, had the price of BTC stayed where it was when we ordered or risen as seemed more likely back then we'd all be in a very different place right now. We had a lucky quadrupling of the exchange price which put smiles on our faces...and apparently erased all the other stuff that happened from memory.

I can't see them needing to use pre-orders at all now, a 50/50 split would be much more equitable.

I wish you luck if you jump on the double or quits game again, it takes balls or stupidity IMO.

[jelin1984]

All,
Just a quick note to say that the factory started producing the November boxes today and 100 have already left via UPS.
We will ramp up production over night and over the next few days. We aim to have all the November boxes shipped before the end of the month.
Thanks
KnC Team

[KGBSlim]

All,
Just a quick note to say that the factory started producing the November boxes today and 100 have already left via UPS.
We will ramp up production over night and over the next few days. We aim to have all the November boxes shipped before the end of the month.
Thanks
KnC Team

Thats a ton of work in 5 days.....must be like a sweatshop in there right now!

[Meizirkki]

20nm huh. A rocky route to take, cause it's not cheap! I wish KnC the best of luck tho, the quality of their current products suggest they know what they're doing.

Pre-orders are the only way to go with new and expensive tech like that. (from their point of view ofc) If difficulty continues to skyrocket or BTC price goes down, nobody will buy the product next year when it's in stock.

[Bitcoinorama]

The order book will likely open either tomorrow, or in the coming days.

Not sure what you mean by what kind of refusal? In any case wait and see at the point of announcement.

Dare say it will be first come first served to previous customers for a designated period of time. I have no idea of there is a limit, or whether there's a reseller program. Though of there is please use the reseller link in my sig. Ta v.much

Is it unreasonable to expect an email sent to KNC customers at least 24 hours before the order book opens up? There are many of us that don't feel like constantly refreshing the website (or using alerts) so that we can possibly wake up in the middle of the night to pull out the credit card or BTC.

Also, will there be a discount for BTC payments?

I personally said that there should be ample warning prior, but I said that with the upgrade cards as well.

So don't count on it.

There will be no 50/50 payments as stated before; 1) it's messy and people always have an excuse, ref previous customers who delayed paying VAT or providing a VAT reg bus no. 2) they simply do not have to is the honest answer.

I don't know the confirmed choice of payment preference. That said Bitpay will almost certainly feature. So if you want to ensure you have enough funds there I'd check you're set sooner, rather than later if you're concerned. Pls don't ask me to specify specs and price, as it was still in discussion as I left this eve.

I'm going to bed now. Zzz.

[Phoenix1969]

Interesting news.

I hope KNC learn how to send email so we can learn the whole story. I have had very few.

Just a little reality check here, had the price of BTC stayed where it was when we ordered or risen as seemed more likely back then we'd all be in a very different place right now. We had a lucky quadrupling of the exchange price which put smiles on our faces...and apparently erased all the other stuff that happened from memory.

I can't see them needing to use pre-orders at all now, a 50/50 split would be much more equitable.

I wish you luck if you jump on the double or quits game again, it takes balls or stupidity IMO.

Call it what you will, I'm "All In" with KNC, re-investing every bit that comes in as fast as it is possible here at KNC, but that's me...   I fully agree with Winlevoss when they valuate BTC @ 40grand plus a coin within a couple years.... my numbers actually say much higher. What do you think is going to happen when PayPal announces Taking BTC? and Google?... How about this election, when politicians will be accepting campaign contributions in BTC, or When the Borse IPO is listed on the NYSE? or when BTC actually hits Forex, or a commodity exchange? We have a looooong way to go....this is just the beginning.  

[monsieur]

I admit, those very first customers had to wait a bit longer hence some extra stress. I know, I paid around July 20th, and months of waiting was not pleasant. So, the fair way would probably be some sort of progressive reward, dependent on pay day (probably taking into account btc value at the time of purchase, even). But one can see how much nightmare that would be, so I expect KNC to just lump all October customers together.

[Syke]

Call it what you will, I'm "All In" with KNC, re-investing every bit that comes in as fast as it is possible here at KNC, but that's me...   I fully agree with Winlevoss when they valuate BTC @ 40grand plus a coin within a couple years.... my numbers actually say much higher.

Then you're far better off simply buying BTC instead of a risky miner purchase. You're almost guaranteed to make a better return.

[Phoenix1969]

I admit, those very first customers had to wait a bit longer hence some extra stress. I know, I paid around June 20th, and months of waiting was not pleasant. So, the fair way would probably be some sort of progressive reward, dependent on pay day (probably taking into account btc value at the time of purchase, even). But one can see how much nightmare that would be, so I expect KNC to just lump all October customers together.

yeah, it probably does include all previous customers.....

[realtime]

Bitcoinarama,

Can you confirm if existing KnC customers will get any advantage over the general public on the next gen ordering schedule?

I'm suprised they havent sent an email at least announcing this, as others had said some heads up would be nice ahead of 'hey guys books open lolzzzz'

[Phoenix1969]

Call it what you will, I'm "All In" with KNC, re-investing every bit that comes in as fast as it is possible here at KNC, but that's me...   I fully agree with Winlevoss when they valuate BTC @ 40grand plus a coin within a couple years.... my numbers actually say much higher.

Then you're far better off simply buying BTC instead of a risky miner purchase. You're almost guaranteed to make a better return.

You are probably right, but I love mining....
and I'm doin' well so far....I'm goin for it.

[Phoenix1969]

Bitcoinarama,

Can you confirm if existing KnC customers will get any advantage over the general public on the next gen ordering schedule?

I'm suprised they havent sent an email at least announcing this, as others had said some heads up would be nice ahead of 'hey guys books open lolzzzz'

The order book will likely open either tomorrow, or in the coming days.

Not sure what you mean by what kind of refusal? In any case wait and see at the point of announcement.

Dare say it will be first come first served to previous customers for a designated period of time. I have no idea of there is a limit, or whether there's a reseller program. Though of there is please use the reseller link in my sig. Ta v.much

[timmmers]

Interesting news.

I hope KNC learn how to send email so we can learn the whole story. I have had very few.

Just a little reality check here, had the price of BTC stayed where it was when we ordered or risen as seemed more likely back then we'd all be in a very different place right now. We had a lucky quadrupling of the exchange price which put smiles on our faces...and apparently erased all the other stuff that happened from memory.

I can't see them needing to use pre-orders at all now, a 50/50 split would be much more equitable.

I wish you luck if you jump on the double or quits game again, it takes balls or stupidity IMO.

Call it what you will, I'm "All In" with KNC, re-investing every bit that comes in as fast as it is possible here at KNC, but that's me...   I fully agree with Winlevoss when they valuate BTC @ 40grand plus a coin within a couple years.... my numbers actually say much higher. What do you think is going to happen when PayPal announces Taking BTC? and Google?... How about this election, when politicians will be accepting campaign contributions in BTC, or When the Borse IPO is listed on the NYSE? or when BTC actually hits Forex, or a commodity exchange? We have a looooong way to go....this is just the beginning.  

I hope you're right mate, personally I see those two goons are greedy self promoters who say things to prompt a reaction from some sectors...I think it will take longer to get to those levels. Long term assuming it doesn't completely bust out due to some govt interference or something it's a wise move to collect them and not use them to buy risky mining rigs

Based on what Orama just said about them not "needing to" ..they now know they can pretty much  charge what they like for gen 2 and they'll still all sell out...so that's going to be the interesting thing, how many of your hard mined coins will you need to put back into the roulette wheel to play this round?

[-ck]

Call it what you will, I'm "All In" with KNC, re-investing every bit that comes in as fast as it is possible here at KNC, but that's me...   I fully agree with Winlevoss when they valuate BTC @ 40grand plus a coin within a couple years.... my numbers actually say much higher.

Then you're far better off simply buying BTC instead of a risky miner purchase. You're almost guaranteed to make a better return.

You are probably right, but I love mining....

We also love pushing diff up too so we can keep earning less.

[warhawk187]

What I tried to underline is that:
a) I have no idea what caused my Saturns problems, my Jupiter running on the same line and same PSU type was not affected
b) The Saturns came with all boards affected by die #0 issue, (same as my Jupiter), they are running with die #0 off on 0.98
c) Both Saturns ran pretty well on 0.98.1 beta, one of them easily powering all dies, the other required more heat and was really hard to keep all dies powered on
d) Once 0.99 was released, i switched all my machines to it and for a day or two, they were running the same as on 0.98.1 beta
e) All of a sudden, both Saturns became affected with disabled cores, but in a different way: one of them simply has all cores disabled at startup (and keeps them like that) on 0.98.1 beta or official and 0.99. The other one starts normally, but after a while almost all cores on the same ASIC (coincidence?), the lower one on the web interface, gets disabled, only 0-5 cores remaining enabled on each die. Again, disabled cores are present on just one ASIC, the lower one in the web interface page.
This started at a day or 2 after 0.99 and the problem remained even after hard reset and affecting 0.98.1 as well, beta or official.
f) Both Saturns run normally (with their die #0 issue) on 0.98

My guess was that 0.99 FW somehow caused this issue, but it just persists now on 0.98.1 as well.

While upgrading my Saturn, I too ran into issues and now one of the new boards and one of the old boards are completely dead. All dies and cores report off. Enable cores doesn't work, all firmwares: nothing, plugged PCI-E straight into board: nothing. Most likely an RMA issue, and a PITA, to boot. Running their diagnostic shows all dies are idle. Don't want to risk 'heating' them up because I don't want to risk the electronics if I have to send it back anyways. I'm out of options unless anyone here has a method that brought back a dead board. My bertmod output is:

Its pretty much the same for the two failing boards. Different ports make no difference.

Mining Status

CGMiner Status   Running (pid=1654)
Last Checked   Mon Nov 25 22:50:14 UTC 2013
Avg. Hash Rate   0 Gh/s
WU   0
Difficulty Accepted   0
HW Status

ASIC slot #1   -
ASIC slot #2   -
ASIC slot #3   27.0 ℃
ASIC slot #4   -
ASIC slot #5   -
ASIC slot #6   -
STATUS=S
When=1385419799
Code=11
Msg=Summary
Description=cgminer 3.8.1|SUMMARY
Elapsed=210
MHS av=0.00
MHS 5s=0.00
Found Blocks=0
Getworks=14
Accepted=0
Rejected=0
Hardware Errors=0
Utility=0.00
Discarded=16
Stale=0
Get Failures=0
Local Work=275
Remote Failures=0
Network Blocks=2
Total MH=0.0000
Work Utility=0.00
Difficulty Accepted=0.00000000
Difficulty Rejected=0.00000000
Difficulty Stale=0.00000000
Best Share=0
Device Hardware%=0.0000
Device Rejected%=0.0000
Pool Rejected%=0.0000
Pool Stale%=0.0000|
ASIC Board   Info
2   
Temperature sensor: 27.0 C

Die ID   Cores ON   Cores OFF   %
0   0   48   0
1   0   48   0
2   0   48   0
3   0   48   0
DC/DC ID   ON/OFF   Status   Input Voltage   Output Voltage   Output Current
0   ON   OK   12.1 V   0.769 V   0.188 A
1   No DC/DC detected
2   ON   OK   12.2 V   0.786 V   0.312 A
3   No DC/DC detected
4   ON   OK   12.1 V   0.742 V   0.25 A
5   No DC/DC detected
6   No DC/DC detected
7   ON   OK   12.2 V   0.771 V   0.375 A
Total DC/DC power output: 0 W