Swedish ASIC miner company kncminer.com

[Bitcoinorama]

Man I was really hoping for more concrete info about gen2 before they opened the order-book and while I have a lot of faith in KNC, my spidey senses are starting to tingle a bit. They've turned this into a big gamble once again.

I'm very surprised that they are taking pre-orders with a "Q1/Q2" ship date. Might was well say "first half of 2014" which is a HUGE 6 month variance making it close to impossible to estimate BTC yield. I personally believe that they didn't initially plan to start taking orders this early with so little gen2 info but were tempted by the record exchange rate knowing it would allow them to sell more at a higher price. This article, published a little over 10 hours ago, says "Cole is taking the same approach with the new box, saying that its 2TH performance is a minimum figure" yet their announcement shortly after says 3TH so I'm not feeling like they do not have a concrete plan for gen2 yet.

Next they are no longer accepting PayPal leaving only non-reversible payments which is slightly suspicious. What happens if BTC price crashes early next year and everybody starts asking for refund after they've spent a lot of funds on RND? Not going to happen...

I just sold $13k worth of Avalons and am SOOOOO tempted to order a Neptune but there's such a huge variance in the estimated BTC yield I can't really accurately compare to investing directly in BTC. While I'm happy with my Jupiter, my difficulty prediction was way off and I would have been better off investing directly in BTC and do not want to make that same mistake again. Decisions decisions...

/$0.02

I can not and will not influence your decision, just that of course we want to underpromise and overdeliver, hence the statement in coinbase, and the fact this is 20nm we will allow for some ambiguity in timeline. This time round Sam has appeared to be generous enough to allow for the option of sleeping (except Marcus! he doesn't sleep, permanently hooked up to a caffeine intravenous drip). People have been burnt out, this is incredibly demanding, it's incredibly entertaining engineering working on the absolute edge, but one of the margins that has to be in place here is R&R so mentally everyone stays sharp. There were a number of issues that arose where upon "only if there was a little more time we could...", therefore the self imposed deadline will have a degree of flexibility, so people stay sane, and closer to the time it can be narrowed down and become more specific. That's just fair on us, no one can deny that.

Also sorry buddy but if the coin price crashes next year is not a justifiable excuse for a company to stomach that cost. That's your risk to take buddy. So the decision is yours...

[allinvain]

I may have an early pre-order to sell. This all depends on whether KNC will release info or specs about power consumption or whether hosting will be made available.

[Sitarow]

I may have an early pre-order to sell. This all depends on whether KNC will release info or specs about power consumption or whether hosting will be made available.

At this time 30% less per GH/s from the old system 550Gh/s at 650Watts would make the 3TH unit close to 2500watts or 0.82watt per GH/s

If my math is incorrect please feel free to chime in

[Bitcoinorama]

I may have an early pre-order to sell. This all depends on whether KNC will release info or specs about power consumption or whether hosting will be made available.

At this time 30% less per GH/s from the old system 550Gh/s at 650Watts would make the 3TH unit close to 2500watts

Real engineers work with figures they know are applicable and will not promise anything unless they have a statistically significant reason to state otherwise.

[timmmers]

Really unhappy about this not being open to new customers. What a clusterfuck

Could be worse, you could be an early customer that can't buy one because they sell out before you get the chance....because greedy people ordered 10 plus intending to play the game of selling pre-orders or getting refunds.

Of course the reverse would have applied had they been open for all, early buyers almost certainly would have taken the early leap of faith and tested the waters only to find them all sold out now once proved..which would be very unfair. Massive risks are now reaping the promised rewards (..another massive risk lol )

KNC always said they'd do this. They are keeping their word.
The only reason you're not an existing customer is that you chose not to be, which is down to you 100%.

[Sitarow]

Really unhappy about this not being open to new customers. What a clusterfuck

Could be worse, you could be an early customer that can't buy one because they sell out before you get the chance....because greedy people ordered 10 plus intending to play the game of selling pre-orders or getting refunds.

Of course the reverse would have applied had they been open for all, early buyers almost certainly would have taken the early leap of faith and tested the waters only to find them all sold out now once proved..which would be very unfair. Massive risks are now reaping the promised rewards (..another massive risk lol )

KNC always said they'd do this. They are keeping their word.
The only reason you're not an existing customer is that you chose not to be, which is down to you 100%.

From what I know the most you can order is 10 units per transaction.

[allinvain]

I may have an early pre-order to sell. This all depends on whether KNC will release info or specs about power consumption or whether hosting will be made available.

At this time 30% less per GH/s from the old system 550Gh/s at 650Watts would make the 3TH unit close to 2500watts

Real engineers work with figures they know are applicable and will not promise anything unless they have a statistically significant reason to state otherwise.

Will they require a 20amp or more 220v connection, or? Any details you can pull from the KNC engineers would be helpful.

[allinvain]

I may have an early pre-order to sell. This all depends on whether KNC will release info or specs about power consumption or whether hosting will be made available.

At this time 30% less per GH/s from the old system 550Gh/s at 650Watts would make the 3TH unit close to 2500watts or 0.82watt per GH/s

If my math is incorrect please feel free to chime in

I personally would prefer many more weaker units than one monster unit that requires specialized power circuits and other electrical engineering black magic.

[Phoenix1969]

one sold, one left @ 12BTC, I'd like to bring both to town at same time...hurry up!, lol
(October Jupiter)

[timmmers]

Also sorry buddy but if the coin price crashes next year is not a justifiable excuse for a company to stomach that cost. That's your risk to take buddy. So the decision is yours...

Maybe they had better stop using the price as a sales tool then? After all, it could go anywhere in 6 months.

[NetTime]

I may have an early pre-order to sell. This all depends on whether KNC will release info or specs about power consumption or whether hosting will be made available.

At this time 30% less per GH/s from the old system 550Gh/s at 650Watts would make the 3TH unit close to 2500watts

Real engineers work with figures they know are applicable and will not promise anything unless they have a statistically significant reason to state otherwise.

Will they require a 20amp or more 220v connection, or? Any details you can pull from the KNC engineers would be helpful.

Yes would like to know this!

[timmmers]

Really unhappy about this not being open to new customers. What a clusterfuck

Could be worse, you could be an early customer that can't buy one because they sell out before you get the chance....because greedy people ordered 10 plus intending to play the game of selling pre-orders or getting refunds.

Of course the reverse would have applied had they been open for all, early buyers almost certainly would have taken the early leap of faith and tested the waters only to find them all sold out now once proved..which would be very unfair. Massive risks are now reaping the promised rewards (..another massive risk lol )

KNC always said they'd do this. They are keeping their word.
The only reason you're not an existing customer is that you chose not to be, which is down to you 100%.

Sure.  Go for it.  Order 10+ units.

All this would do is increase network hashing power to 5 EH/s from its current 5 PH/s

Apparently people already have, Hopefully not at the expense of customers who are genuine miners

[chrono030]

So who is annoyed that they bought a neptune at 12.0X BTC when the going rate is around 10.5 BTC right now/

[Sitarow]

I may have an early pre-order to sell. This all depends on whether KNC will release info or specs about power consumption or whether hosting will be made available.

At this time 30% less per GH/s from the old system 550Gh/s at 650Watts would make the 3TH unit close to 2500watts

Real engineers work with figures they know are applicable and will not promise anything unless they have a statistically significant reason to state otherwise.

Will they require a 20amp or more 220v connection, or? Any details you can pull from the KNC engineers would be helpful.

Yes would like to know this!

At 0.82watt per GH/s expected performance at the wall? I feel it is rather early to say with any certainty.

This is the results after 9 days 2 hours 12 mins on an updated firmware.

Watt at the wall range from 600 to 650 watts @120v for Jupiter units 1-4

[Sitarow]

So who is annoyed that they bought a neptune at 12.0X BTC when the going rate is around 10.5 BTC right now/

You think that is a hard pill to swallow. If history is any indicator, the trading volatility can make your price 14btc or 7btc in a span of a few hours

[vesperwillow]

I know there's lots of folks looking to buy equipment.. if you are, consider using my referral link in my sig? I'd love to get in on this action, and unlike some folks, I haven't had the ability to buy truckloads of KNC gear

I'd even be willing to send BTC to people if I get enough confirmed referral sales for a miner

[monsieur]

So who is annoyed that they bought a neptune at 12.0X BTC when the going rate is around 10.5 BTC right now/

If btc goes to 10000 in a couple of days I think I'll jump in with 1 btc (if they are not sold out by then).

[Wesly]

I may have an early pre-order to sell. This all depends on whether KNC will release info or specs about power consumption or whether hosting will be made available.

At this time 30% less per GH/s from the old system 550Gh/s at 650Watts would make the 3TH unit close to 2500watts

Real engineers work with figures they know are applicable and will not promise anything unless they have a statistically significant reason to state otherwise.

Will they require a 20amp or more 220v connection, or? Any details you can pull from the KNC engineers would be helpful.

They estimated to be 0.7W/Gh, but based on previously underpromise/overdeliver, instead of 1.6W/Gh, it was less than 1W/Gh (chips only), so perhaps the real efficiency is 0.4 - 0.5W/Gh, but of course they won't come out and say since they want to leave room for error.

[vesperwillow]

I'd even be willing to send BTC to people if I get enough confirmed referral sales for a miner

Cool down. Turn off the computer.  Relax.

If they open them to public, the price will be below 5 BTC.  Buy then.

Can't afford them. My best hope was getting a mercury module, but of course they went to all of the quick sharks. Just figured, since people are buying these like hotcakes, they could use a referral link lol.

[Wesly]

So who is annoyed that they bought a neptune at 12.0X BTC when the going rate is around 10.5 BTC right now/

10.5 BTC?  BitPay doesn't use BTCChina exchange rate!  It is about 11.5 right now.

Don't forget EU customers paid even more due to VAT.