Swedish ASIC miner company kncminer.com

[RoadStress]

Some news from Slush Pool that might interest folks with Kncminers

"In order to celebrate the 3rd birthday of Slush's Pool, all rewards mined on 18th December 2013 (UTC time) will be paid out with a 0% fee to the miners. Good luck!"

I don't know their normal fee, but this is sad. We are talking about 1-3% so from what a Jupiter mines in one day it will be around 3-7$. They should have one week or so. One day is just sad.

[vesperwillow]

sad is getting excited about it. unless you have like 2 dozen jups

I was thinking the same thing.. and even then, you're still raking them leaves and filling big bags.

[opentoe]

They didn't say anything more on when they would sell Jupiters if they even will? Maybe boil it down to which week? I have a feeling they are going to be just like the modules. Very high priced and triple inflated shipping. UPS told me what I paid for my module shipping charges I could have shipped 3 Jupiters around the world.

[reactor]

They didn't say anything more on when they would sell Jupiters if they even will? Maybe boil it down to which week? I have a feeling they are going to be just like the modules. Very high priced and triple inflated shipping. UPS told me what I paid for my module shipping charges I could have shipped 3 Jupiters around the world.

I don't think anyone has info on this bit, but folks are curious.  Looks like hardware is a bit of a wasteland right now...  Also looking at the next prospective diff jump - good luck to anyone risking it out with a Neptune for H1/2014. 

Would rather more reasonable hardware sooner, but hey, I'm just a customer with a combined pocket full of cash waiting to hand it to someone for a device that ships soon and isn't a money pit.  Seems like there is just a lack of shipping vendors to feed this hardware-hungry community.

[MANofthePEOPLE]

I'm curious how you guys are calculating profits from the Neptune? I was looking at numbers at http://mining.thegenesisblock.com/. With the neptune costing 13k and you get it in march break-even point is infinity.

With the huge number of miners being sold from the different companies I must be missing something. To reach profits on mining with the new computers bitcoins need to reach new heights but even then buying bitcoins today would be more profitable. Most of you buying miners know more about bitcoins than me and many are smarter, so what is it I'm not seeing?

[jelin1984]

BTC PRICE FALL DOWN

[Mota]

The problem is that there are enough people dumb (pardon my french) enough to buy the rigs even for a high risk maximum zero sum game. without the correction of the btc/usd rate everyone here except a selected few would've been balls deep in trying to break even...
I for one will wait for end of January and watch the pricedrops on ebay before buying new rigs off it, and even then it will probably be zero sum. What's the point of buying new hardware when you can get them on ebay without raising the diff to the sky...

[ASIC-K]

BTC PRICE FALL DOWN

haha oh jelin

[CYPER]

BTC PRICE FALL DOWN

ARE YOU SERIOUS!!!!!!!!!!!!!!

[Mota]

I'm curious how you guys are calculating profits from the Neptune? I was looking at numbers at http://mining.thegenesisblock.com/. With the neptune costing 13k and you get it in march break-even point is infinity.

With the huge number of miners being sold from the different companies I must be missing something. To reach profits on mining with the new computers bitcoins need to reach new heights but even then buying bitcoins today would be more profitable. Most of you buying miners know more about bitcoins than me and many are smarter, so what is it I'm not seeing?

You are not seeing the greed that blinds. Many here still think KNC won't fuck them over a second/third time regarding delivery and that the diff increase won't be that harsh until then. There is also the point of having fun with the rigs, some people like to watch them generate wealth, me included

The problem is not that mining is not profitable but that mining rig corporations are greedy as hell and want to get more than their fair share off the profit pie

[ASIC-K]

dropping fast. wow.

[opentoe]

They will probably be greedy again and ask $7 for a Jupiter. At this time in December, BTC on the low, the only people that would benefit from paying that much is someone that already has a shit load of hashing power. Even with my upgraded Saturn I would dump that much out. Then again in an earlier post there are just those stupid people that will buy just to buy. I always wondered how they could sell out of Neptunes with a 6 month delivery window.

[RickJamesBTC]

I love reading all the socialist posts about corporate greed. You realize that you are trying to make money yourself, right? Hating on a company that is also trying to make money is BS. KNC doesn't control the price of bitcoin on the free market, and if they decide to open up orders for jupiters during a price drop I wouldn't be surprised in the slightest.

[vesperwillow]

They shouldn't price it more than the original 2nd gen Jupe order, in fact it should be less--based on their company statement regarding selling equipment cheaper each time (paraphrased). If they did raise the price, or fail to reduce it, they would incite a small riot.

The modules were appropriately priced IMO.

How much do you wanna bet they're waiting for BTC price to hit an ultra low, to open the floodgates? "$4,500 in BTC will get you a Jupiter *wink wink*"

[MANofthePEOPLE]

The problem is that there are enough people dumb (pardon my french) enough to buy the rigs even for a high risk maximum zero sum game. without the correction of the btc/usd rate everyone here except a selected few would've been balls deep in trying to break even...
I for one will wait for end of January and watch the pricedrops on ebay before buying new rigs off it, and even then it will probably be zero sum. What's the point of buying new hardware when you can get them on ebay without raising the diff to the sky...

I had a look on ebay the other day though and the price on bitminers seems off the roof there. A Knc jupiter with six bids at almost 20k.

I'm curious how you guys are calculating profits from the Neptune? I was looking at numbers at http://mining.thegenesisblock.com/. With the neptune costing 13k and you get it in march break-even point is infinity.

With the huge number of miners being sold from the different companies I must be missing something. To reach profits on mining with the new computers bitcoins need to reach new heights but even then buying bitcoins today would be more profitable. Most of you buying miners know more about bitcoins than me and many are smarter, so what is it I'm not seeing?

You are not seeing the greed that blinds. Many here still think KNC won't fuck them over a second/third time regarding delivery and that the diff increase won't be that harsh until then. There is also the point of having fun with the rigs, some people like to watch them generate wealth, me included

The problem is not that mining is not profitable but that mining rig corporations are greedy as hell and want to get more than their fair share off the profit pie

Even if they hold their promise and ship end february/beginning of march (which is when I suppose most people are expecting delivery?) it won't make profit.

I'm not trying to be a dick to those who bought, I am one of the dumb fucks who bought one myself. I did buy a BA X-3 though but with VAT it ends up at 7,5k and it seems like I won't hit break-even even if bitcoins hit 1k.

[ASIC-K]

I love reading all the socialist posts about corporate greed. You realize that you are trying to make money yourself, right? Hating on a company that is also trying to make money is BS. KNC doesn't control the price of bitcoin on the free market, and if they decide to open up orders for jupiters during a price drop I wouldn't be surprised in the slightest.

haha, PLUS 1 BILLION.

how dare a company want to make profit!!! I WANT ALL THE PROFIT FOR THE LEAST AMOUNT OF WORK!!!!

Bunch of pussies on here i tell ya

[monsieur]

dropping fast. wow.

At $1000/BTC it's close to $100 million are being generated every month for another few years. Of course that price is unsustainable.

[1l1l11ll1l]

KNC is waiting for the price to drop below $500 before announcing in stock batch 3 Jupiters, BTC payments only.

[r1senfa17h]

I had to RMA a module with a dead die last Tuesday and I received the 100% working replacement today! I'm in the US, so I was expecting it to take at least two more days than it did. They even paid for the return shipping. I just wanted to share my experience in case others are considering an RMA.

[1l1l11ll1l]

I had to RMA a module with a dead die last Tuesday and I received the 100% working replacement today! I'm in the US, so I was expecting it to take at least two more days than it did. They even paid for the return shipping. I just wanted to share my experience in case others are considering an RMA.

Same experience, I sent it Tuesday, it arrived there on Friday, they shipped the replacement that same Friday, had it Monday.