Swedish ASIC miner company kncminer.com

[mwarrior]

Hi all:

Quick question.  My Jupiter appears to have a bad Beaglebone Board.  I say this from experience as it's not the first time.  The first one that went bad on me was 2 weeks after a day 1 shipment.  I spent a week on the phone with Amelia and a few other clowns assuring them that I had been troubleshooting the issues correctly.  They made me mail my unit in, which I paid a fortune to ship 2 day express... then they shipped me a new one via pony express.  Needless to say I lost 2.5 weeks when the difficulty level was 86,933,018. My question, since I would prefer not to have to deal with them anymore... is if I can just overnight a beaglebone black to myself and flash it with the KNC image without any problems.  I know that at one point they talked as if the USB and/or video connector may cause a power problem with the units. If that the case I can grab my solder sucker and remove them my self. Last resort would be to try like hell to get an answer on the phone and just tell them I will pay for "their" beaglebone outright since I don't want to bother with a warranty claim. Perhaps the customer service has changed, but I doubt it. Just wondering if anyone has experience...  or perhaps someone wants to sell me one that is working off a broken unit as a Christmas present :-)

Thanks!

- .M.W. -

[Puppet]

http://forum.kncminer.com/forum/main-category/hardware/25328-fire-woke-up-to-sound-of-smoke-alarms-and-smell-of-smoke

Reminder to have your batteries checked in your smoke detectors.

+1 to the advice. WHen I was still GPU mining this was my constant nightmare. I had smoke alarms and checked my cables every few days. I once had a smoldering PCIe connector, that didnt help me relax. To be honest, considering the amount of electrical gear deployed for  mining, its surprising we dont read such stories more often. Particularly if you factor in exploding/melting/arching  BFL power supplies.

But Im a little stumped how in this case, the ATX cable got fried. Its not used. Well, only to jumper the power good switch, but basically there should be no current flowing through there whatsoever?

[Searing]

The smart investors in China will find an alternate means to invest in btc. You just have to be creative. there are other exchanges out there that they can migrate to at a bit of a loss. you also have to remember that the best time to invest is when everyone panics and wants to get out. I am keeping my neptune orders and wont make any more rash decisions based on the current value of btc. I'd advise you all to think ahead and not panic.

ok....I'm in I have 2 Neptunes on order

that equals lemming +1 or 2 lemmings (damn cliff keeps calling us damnit)

others?

Searing (worse case we make a lot of swedes rich)

[dplusf]

Hey KNC, please make new Jewpiters dirt cheap, limit 1 per previous customer and limit to October customers at first.

+1 :-)

[merv77]

if KNC sold Jupiters initially for $6,995
and then dropped it to $4,995

then now with difficulty higher and BTC lower it would have to be below $3995, and that seems high especially if BTC continues the downward trend.

One thing I believe that KNC are good at choosing price to always sell quickly, and if they didn't then the whole network protection and help customers keep percentage of the network goes out the door.

Also about the low BTC price due to news from China...
personally, I think the Chinese some time to sort themselves out, and we'll see BTC come back up when they have a solution sooner or later.

[Unacceptable]

what's everyone worried about?  This volatility is perfectly normal in the bitcoin world and we've seen it many times already.

anyway bitcoin is coming back up as we speak.  

what.. it's only 4000% up in couple months compared to 8000% 24 hours ago, to me it's still a good investment.

or do you want to put your money in the bank and earn 2% per anumm

enjoy the wild ride  

You forget,most on the forum have only been in BTCland about 6-8 months,so they know not of BTC  

2%...where do you live  Here in the good ole greedy USA.........1.13% on CD's.............shameful  

Heck in Costa Rica you get 6.6% on CD's !!!!!!!!!!! I'll be there in 5 or so years  

[AussieHash]

Wouldn't it be better for existing customers if KnC didn't ship any more hardware till Neptune ?
The november(December) batch just added 3PH to the network.  The October batch added at least 2PH.

[jelin1984]

Next difficulty retarget occurs at block 276191.0 (eta 1.8 days): 1184765576.11 / +30.4% [est.]

[monsieur]

Wouldn't it be better for existing customers if KnC didn't ship any more hardware till Neptune ?
The november(December) batch just added 3PH to the network.  The October batch added at least 2PH.

Yeah, I would prefer them not to release anything. I hoped those big manufacturers to have some sort of contact with each other, agreeing not to flood the network.

[xstr8guy]

Wouldn't it be better for existing customers if KnC didn't ship any more hardware till Neptune ?
The november(December) batch just added 3PH to the network.  The October batch added at least 2PH.

Yeah, I would prefer them not to release anything. I hoped those big manufacturers to have some sort of contact with each other, agreeing not to flood the network.

Yeah, not gonna happen.  They don't make money if they aren't selling miners to miners.

There sure is a lot of wishful thinking in this thread lately.  The reality is that KNC will sell a buttload of Jupiters over the next few months and at a price that will most likely make you weep.  Sorry, but it's the truth and you'd better get used to it.

[el_rlee]

Wouldn't it be better for existing customers if KnC didn't ship any more hardware till Neptune ?
The november(December) batch just added 3PH to the network.  The October batch added at least 2PH.

Yeah, I would prefer them not to release anything. I hoped those big manufacturers to have some sort of contact with each other, agreeing not to flood the network.

What's the exact terms on which they will make another batch? Also KnC is responsible for more than half of the current network   ?

[sickpig]

Next difficulty retarget occurs at block 276191.0 (eta 1.8 days): 1184765576.11 / +30.4% [est.]

wow.

every time KnC hits the market this kind of growth happens.

Anyone have an an idea of in what measure other asic vendors (bitmain, bitfury, avalon 2nd gen) contributed to this last jump?

[pvnamk19]

if KNC sold Jupiters initially for $6,995
and then dropped it to $4,995

then now with difficulty higher and BTC lower it would have to be below $3995, and that seems high especially if BTC continues the downward trend.

One thing I believe that KNC are good at choosing price to always sell quickly, and if they didn't then the whole network protection and help customers keep percentage of the network goes out the door.

Also about the low BTC price due to news from China...
personally, I think the Chinese some time to sort themselves out, and we'll see BTC come back up when they have a solution sooner or later.

3000 ~ 3500 USD / Jan. Jupiter with limited (1 or 2) per customer. Let's see!

[xstr8guy]

Wouldn't it be better for existing customers if KnC didn't ship any more hardware till Neptune ?
The november(December) batch just added 3PH to the network.  The October batch added at least 2PH.

Yeah, I would prefer them not to release anything. I hoped those big manufacturers to have some sort of contact with each other, agreeing not to flood the network.

What's the exact terms on which they will make another batch? Also KnC is responsible for more than half of the current network   ?

As soon as a competitor starts shipping, that's what triggers KNC to sell more miners.
https://www.kncminer.com/news/news-24

[xstr8guy]

Next difficulty retarget occurs at block 276191.0 (eta 1.8 days): 1184765576.11 / +30.4% [est.]

wow.

every time KnC hits the market this kind of growth happens.

Anyone have an an idea of in what measure other asic vendors (bitmain, bitfury, avalon 2nd gen) contributed to this last jump?

I don't think there were a lot of KNC's shipped this difficulty.  Most of the November batch would have been shipped during the previous difficulty.

I suspect that most of the TH added this difficulty were probably from private mining operations.

[Searing]

if KNC sold Jupiters initially for $6,995
and then dropped it to $4,995

then now with difficulty higher and BTC lower it would have to be below $3995, and that seems high especially if BTC continues the downward trend.

One thing I believe that KNC are good at choosing price to always sell quickly, and if they didn't then the whole network protection and help customers keep percentage of the network goes out the door.

Also about the low BTC price due to news from China...
personally, I think the Chinese some time to sort themselves out, and we'll see BTC come back up when they have a solution sooner or later.

3000 ~ 3500 USD / Jan. Jupiter with limited (1 or 2) per customer. Let's see!

perhaps I'm naive but at 3k to 3.5k a pop Jupiter say out in beg of feb after holidays etc .. will that even make ROI in a reasonable manner? (don't yell taking devils advocate position here of slow btc value growth due to gov'ts and btc growing pains and the very large dump of equip slated to hit network in that spring time frame .either one imho will at best make btc $$$ to usd growth flat imho)

my Jupiter if I got it beg of Jan will get likely .10 btc per day so they get us these cheaper jupiter units at that price in feb if lucky looking at .05 btc a day? ....seems to me better off  spending 3x the amount for a Neptune>?

(of course silly me I know zip and am just winging it  in the middle of the lemmings here (ie choice of lemmings (1) cliff ie oops btc lemming death with company (2) breeding grounds btc goes up and up)

my 2c worth

Searing

[el_rlee]

Wouldn't it be better for existing customers if KnC didn't ship any more hardware till Neptune ?
The november(December) batch just added 3PH to the network.  The October batch added at least 2PH.

Yeah, I would prefer them not to release anything. I hoped those big manufacturers to have some sort of contact with each other, agreeing not to flood the network.

What's the exact terms on which they will make another batch? Also KnC is responsible for more than half of the current network   ?

As soon as a competitor starts shipping, that's what triggers KNC to sell more miners.
https://www.kncminer.com/news/news-24

Seams to leave a lot of room for interpretation. E.g. is Bitmain enough a reason?

[AussieHash]

I don't think there were a lot of KNC's shipped this difficulty.  Most of the November batch would have been shipped during the previous difficulty.

I suspect that most of the TH added this difficulty were probably from private mining operations.

You're right the maximal network spike has been in the past few days.
However my novemeber Jupiter was only available for local Stockholm pickup on 9th Dec
The 3.5%/day network growth has occured with each KnC batch
http://bitcoin.sipa.be/growth-10k.png
You really don't want to know what 1.035^30 is

[xstr8guy]

Wouldn't it be better for existing customers if KnC didn't ship any more hardware till Neptune ?
The november(December) batch just added 3PH to the network.  The October batch added at least 2PH.

Yeah, I would prefer them not to release anything. I hoped those big manufacturers to have some sort of contact with each other, agreeing not to flood the network.

What's the exact terms on which they will make another batch? Also KnC is responsible for more than half of the current network   ?

As soon as a competitor starts shipping, that's what triggers KNC to sell more miners.
https://www.kncminer.com/news/news-24

Seams to leave a lot of room for interpretation. E.g. is Bitmain enough a reason?

I assume KNC means 28nm competitors, so no, BitMain doesn't count.

[AussieHash]

It would be a little dishonest to use hashfast's "October batch" as justification for breaking their self imposed network protection policy. (Especially when they've sold $27.5 million worth of Neptunes)