Swedish ASIC miner company kncminer.com

[KGBSlim]

My nov batch still payed and not in progress. Anyone else?

Any news from KNC?

 me too

Makes 3 of us......would be nice to know what is going on.

[Biffa]

Bro 3Thas is just theory (a joke) they mentioned in interview 2Thas but as usually lurking btc tactics work very well

Yes 3Th/s is just a theory (more prediction), but not a joke, they thought Jupiter would be 300Gh/s in May, then 400Gh/s in August but it ended up being delivered at 550Gh/s in October and is now 650Gh/s (Nov)

I would expect them to continue to aim low and shoot high with the next gen, hopefully with the experience they have under their belt from this generation and the way they like to overdeliver will grant a 3TH/s min advertised hashrate but maybe a little more on delivery.

Its advertised at 3Th, this is not just an guess in an article before it launched.

[Biffa]

Of course, thats why I paid over the odds for my Jupiter in October, then bought another one in November. But I'm curious as to the answer, I mean I could understand if it was only 1TH in 3-4 months but 3-4TH well I thought it was a good enough deal, maybe I'm the idiot, only time will tell

Antminer is a low-risk/low-reward bet. Neptune is a high-risk/high-reward bet.

Yet KnC was a high-risk/high-reward bet originally and many have benefited from that in the past two rounds. And it being high-risk/high-reward doesn't clarify why they are suddenly on his shit list. I'm interested Xian001 is someone who I like to read comments from and I think is a reasonable guy.

[fubly]

First money back!

Invalid IBAN number,

I paid on 28th 03:55 pm to this account:

IBAN (USD): SE3250000000054238219864
BIC/SWIFT:  ESSESESS
Bank Address:  SEB, Stureplan 2, 106 40 STOCKHOLM/SWEDEN
KnC Group AB address: Birger Jarlsgatan 33 5tr, Stockholm, 111 45, Sweden.

But only one of four transactions comes back atm.

Tomorrow I will see if the other ones comes also back.

Anyone else?

[madsusies]

Yes the new is they removed the Jupiter and is December this mean no shipping till February = no news, the only news in this case may be the date when they get 20nm developer chips 20nm maybe. January. February. Who know  

[ASIC-K]

First money back!

Invalid IBAN number,

I paid on 28th 03:55 pm to this account:

IBAN (USD): SE3250000000054238219864
BIC/SWIFT:  ESSESESS
Bank Address:  SEB, Stureplan 2, 106 40 STOCKHOLM/SWEDEN
KnC Group AB address: Birger Jarlsgatan 33 5tr, Stockholm, 111 45, Sweden.

But only one of four transactions comes back atm.

Tomorrow I will see if the other ones comes also back.

Anyone else?

really?! thats odd...

[Sitarow]

Historically speaking a good move is buy and hold btc until the next wave of hardware/difficulty happens.

[vaelrock]

I do think paying 3k more $ for being a first time customer is totally OK. What is really hard to understand is paying 3k$ more AND being delivered 1 month AFTER the 1st batch, which will be hashing by then, sky-rocketing the difficulty.

We new customers are basically taking a double penalty.

If the 1st batch is delivered on march 15th, and the 2nd on April 15th (extremely optimistic previsions), with respectively a realistic difficulty of 2.3 billion and 4 billion (with the 4 to 5 PH added by knc only), we could get those numbers (counting on a 4TH Neptune instead of 3TH, not counting electricity) :
- For the first batch, with a 14BTC price (bitcoin was higher), the ROI could be reached in ~23 days for a total profit of 38 BTC over 6 months (ending in september 15th, expected difficulty of 14 billions)
- For the second batch, with a 16 BTC price (at the time of this post), the ROI could be reached in ~42 days, for a total profit of 27BTC over 6 months (ending in october 15th, expected difficulty of 15 billions)

So with realistic difficulties (more linear and less exponential as time passes), we get a 11BTC difference in profit while having it be 1 month after.
Batch 2 buyers would only get a 23BTC total profit by mid september when batch 1 buyers would have 38BTC.

To sum it up, first time customers have a 3k$ discount AND a 11K to 15K $ guaranteed added profit, at current BTC price.
So a total of 14 to 18K $ gain, but most probably much more.

Only reserving 1st batch neptunes to previous customers was an extremely nice advantage, even more than simply halving the price by 2 while proposing the neptunes to all customers at the same time.
But not only did they have the exclusivity of the 1st batch, they also had a 25% discount.

I think knc should not even have cared about non-previous customers at this point. They probably still would have sell all their Neptunes. I'm pretty sure about it.
Doing such a present too their previous customers is considering them like real investors, not only customers.

Well then you can feed on your investors money again, I will not participate in this game when there is so much uncertainty concerning the final real delivery date, and knc's competitor's deliveries.

Too bad that you have to wait more than 2 weeks to get some bitcoins nowadays, I would have gladly buy the 1st batch Neptune via a kind other member of this forum.

[madsusies]

Hold 4 what,  folks must pay bills and get borrowed money back  

[Biffa]

Hold 4 what,  folks must pay bills and get borrowed money back  

If you are borrowing money at high interest or using money you should be paying bills with then you shouldn't be in this game.

[madsusies]

Quite funny "be in game", people selling they cars just be in your game, i like people who just plugged their jupiter switch on get $$$$ and pretend be genius in business stuffs. There was a guy on bfl forum he invest in Josh 60Ghs miner, he wait too long to reach his dream (his dau die on leukemia) playing with people's money a visions about 3ths don't be......

[fubly]

It is also not fair from knc to not answer about production and
shipping. I have opened an ticket inside the https://kncminer.zendesk.com



Im really angry about this!

[Biffa]

Quite funny "be in game", people selling they cars just be in your game, i like people who just plugged their jupiter switch on get $$$$ and pretend be genius in business stuffs. There was a guy on bfl forum he invest in Josh 60Ghs miner, he wait too long to reach his dream (his dau die on leukemia) playing with people's money a visions about 3ths don't be......

OK, I'm trying to work out if we are in agreement or not, I'm hoping we are, and my apologies if I am wrong

Personally I don't think there is any business knowledge involved in switching a Jupiter on and getting some $$$ out of it, however there is some luck and courage (which are business skills btw) involved in risking some of your hard earned coin on unreleased hardware. Picking the right device from the right manufacturer at the right time is more luck than skill, thats why I'm still half looking at HF and Cointerra and Black Arrow. If there is even a twinkle of info that looks legit about them launching between here and Q2 next year, I may hedge my bets on the Neptune by nabbing one of theirs. But I'll probably be too late, too chicken, can't have that much luck right?

[Biffa]

It is also not fair from knc to not answer about production and
shipping. I have opened an ticket inside the https://kncminer.zendesk.com

Im really angry about this!

I'm in the same boat man, but remember you just opened a ticket after 7pm in Sweden time, it won't get looked at till tommorow now unless they are in all-hands-on-deck mode.

[Phoenix1969]

I must have missed something.....   Can someone direct me to where it was stated that the Neptune deliveries would be separated in "Batches"?  Just because there was an order gap, and price difference between Noobs & old customers, means nothing towards delivery time except we ordered first, and therefore get ours first... as far as I see...   I cannot find anything to support the theory there would be some kind of gap between deliveries...   remember last batch?

[ASIC-K]

I must have missed something.....   Can someone direct me to where it was stated that the Neptune deliveries would be separated in "Batches"?  Just because there was an order gap, and price difference between Noobs & old customers, means nothing towards delivery time as far as I see...   I cannot find anything to support that theory.

not batches per say, but on the site it does state the 13k price orders will come 3-4 weeks after first "batch" orders.

[Biffa]

I must have missed something.....   Can someone direct me to where it was stated that the Neptune deliveries would be separated in "Batches"?  Just because there was an order gap, and price difference between Noobs & old customers, means nothing towards delivery time as far as I see...   I cannot find anything to support that theory.

not batches per say, but on the site it does state the 13k price orders will come 3-4 weeks after first "batch" orders.

Yup it does

Neptune is our first 20nm product and will be shipping in Q1/Q2 of 2014.

The stats and performance that we can release today are

• Minimum 3000GH/s of hashing speed that 3TH Over 5 times the speed of our first Jupiter release (we reserve the right to increase this as we get closer to shipment)
• A 30% reduction in watts per GH
• Based on the existing Jupiter design (See photo, however this may change as development progresses)
• Shipment begins in Q1/Q2 of 2014
• Bitcoins first ever 20nm miner bought to you form the company who shipped the first 28nm bitcoin miner
• Limited batch of 1200 units,
• Payment for this product is bitcoins and bank transfer only.
• These boxes will ship 3-4 weeks after the first Neptune Batch
• All refunds will be refunded in dollars and you can refund up to shipment

[Phoenix1969]

I must have missed something.....   Can someone direct me to where it was stated that the Neptune deliveries would be separated in "Batches"?  Just because there was an order gap, and price difference between Noobs & old customers, means nothing towards delivery time as far as I see...   I cannot find anything to support that theory.

not batches per say, but on the site it does state the 13k price orders will come 3-4 weeks after first "batch" orders.

Yes, exactly what I'm talking about... can u show me where it says that plz?  I seriously am looking for it...

[chrono030]

I must have missed something.....   Can someone direct me to where it was stated that the Neptune deliveries would be separated in "Batches"?  Just because there was an order gap, and price difference between Noobs & old customers, means nothing towards delivery time as far as I see...   I cannot find anything to support that theory.

not batches per say, but on the site it does state the 13k price orders will come 3-4 weeks after first "batch" orders.

Yes, exactly what I'm talking about... can u show me where it says that plz?  I seriously am looking for it...

Try https://www.kncminer.com/categories/miners

[xstr8guy]

I must have missed something.....   Can someone direct me to where it was stated that the Neptune deliveries would be separated in "Batches"?  Just because there was an order gap, and price difference between Noobs & old customers, means nothing towards delivery time except we ordered first, and therefore get ours first... as far as I see...   I cannot find anything to support the theory there would be some kind of gap between deliveries...   remember last batch?

https://www.kncminer.com/products/neptune

Neptune is our first 20nm product and will be shipping in Q1/Q2 of 2014.
The stats and performance that we can release today are
Minimum 3000GH/s of hashing speed that 3TH Over 5 times the speed of our first Jupiter release
   (we reserve the right to increase this as we get closer to shipment)
A 30% reduction in watts per GH
Based on the existing Jupiter design (See photo, however this may change as development progresses)
Shipment begins in Q1/Q2 of 2014
Bitcoins first ever 20nm miner bought to you form the company who shipped the first 28nm bitcoin miner
Limited batch of 1200 units,
Payment for this product is bitcoins and bank transfer only.
These boxes will ship 3-4 weeks after the first Neptune Batch
All refunds will be refunded in dollars and you can refund up to shipment