Swedish ASIC miner company kncminer.com

[CYPER]

Bitcoinorama, any news in regards to the max safe current for 24/7 use?

I assume the 64A option will be removed if it is deemed dangerous?

[Phoenix1969]

O'rama...
Thank you for that answer.... it explains pretty much everything in one swat...
so....Decision "Yet to be made"     I'm cool with that.

[Bitcoinorama]

Bitcoinorama, any news in regards to the max safe current for 24/7 use?

I assume the 64A option will be removed if it is deemed dangerous?

Dude it's New Year's Day. We spoke about this just before Christmas. I'm not in Sweden and I haven't had anymore of a conversation on this subject then when we last spoke.

Judging by the time they took to agree upon releasing it. I doubt they would have done so unsure as to the consequences of using the 64 A option. I personally know for a fact there is still a margin on top of that figure before it Max's out. It's not a great deal more, but if they were happy with the release and made it an official one, than i'm confident it is fine as it's not redlining at 64.

[Paladin69]

Could the question of Jupiter sales if and when have anything to do with some customer trying to buy up as many as possible?  We see photos of major hashing facilities where were they, in Hong Kong and Iceland?  Those big facilities can operate on a thin margin and make a good profit while that same rate of return for small miners would be a big disappointment. But how would that lack of information limit sales to a buyer with the money, it wouldn't.

For the last time the piece on a facility in Iceland was Cloud Hashing. They had a big order in the beginning and have not been sold anything more than what was in that initial order.

So Cloud Hashing hasn't ordered any Neptune's?  Any other similar operations ordering a giant amount of Neptune's going forward?

[soy]

Could the question of Jupiter sales if and when have anything to do with some customer trying to buy up as many as possible?  We see photos of major hashing facilities where were they, in Hong Kong and Iceland?  Those big facilities can operate on a thin margin and make a good profit while that same rate of return for small miners would be a big disappointment. But how would that lack of information limit sales to a buyer with the money, it wouldn't.

For the last time the piece on a facility in Iceland was Cloud Hashing. They had a big order in the beginning and have not been sold anything more than what was in that initial order.

Well the return produced by Jupiters has been nice.  Nicer still if you have the Cloud Hashing facility.

Network protection doesn't protect the small miner but KnC customers in general which would include Cloud Hashing.  KnC is a business.  Like any business the larger customers get favored.  But the whole question of protecting KnC customers is muddied not only by large block sales but immediate resale of miners, tho the latter I feel  to a lesser extent.  It's difficult to be clear as it's a complex issue.

[padrino]

Could the question of Jupiter sales if and when have anything to do with some customer trying to buy up as many as possible?  We see photos of major hashing facilities where were they, in Hong Kong and Iceland?  Those big facilities can operate on a thin margin and make a good profit while that same rate of return for small miners would be a big disappointment. But how would that lack of information limit sales to a buyer with the money, it wouldn't.

For the last time the piece on a facility in Iceland was Cloud Hashing. They had a big order in the beginning and have not been sold anything more than what was in that initial order.

So Cloud Hashing hasn't ordered any Neptune's?  Any other similar operations ordering a giant amount of Neptune's going forward?

I can't say they have 0 orders for Neptunes but they jumped in heavy with Cointerra this time, building a new Data Center right by Cointerr'a TX facilities. If anyone has the luxury of making the decision today Cointerra would probably be the best bet at the moment, 2TH/s in January is a solid play.

[Bogart]

Why are people asking for refunds on Neptunes?

Because they got robbed. And some are pretty pissed they had to shell out $13k and then they listed them for $10k to everyone.

Robbed you say?  That sounds a bit extreme.

It's a good thing for those customers then that KnC offers the option of taking a refund.  Those customers could easily exercise that option and then buy one of the $10k Neptunes.

[CYPER]

Dude it's New Year's Day. We spoke about this just before Christmas. I'm not in Sweden and I haven't had anymore of a conversation on this subject then when we last spoke.

Just making sure my question hasn't fallen on deaf ears 
We've seen a few ASIC related fires, so don't blame a guy for enforcing safety 

Judging by the time they took to agree upon releasing it. I doubt they would have done so unsure as to the consequences of using the 64 A option. I personally know for a fact there is still a margin on top of that figure before it Max's out. It's not a great deal more, but if they were happy with the release and made it an official one, than i'm confident it is fine as it's not redlining at 64.

That sounds awesome, so if you can verify it with the engineers I know a lot of people would be gratuful
I have spoken with a few fellow miners on irc about this and their comment was that until an official answer is provided they would go with hno conservative, but safe limits.

[soy]

Could the question of Jupiter sales if and when have anything to do with some customer trying to buy up as many as possible?  We see photos of major hashing facilities where were they, in Hong Kong and Iceland?  Those big facilities can operate on a thin margin and make a good profit while that same rate of return for small miners would be a big disappointment. But how would that lack of information limit sales to a buyer with the money, it wouldn't.

For the last time the piece on a facility in Iceland was Cloud Hashing. They had a big order in the beginning and have not been sold anything more than what was in that initial order.

So Cloud Hashing hasn't ordered any Neptune's?  Any other similar operations ordering a giant amount of Neptune's going forward?

I can't say they have 0 orders for Neptunes but they jumped in heavy with Cointerra this time, building a new Data Center right by Cointerr'a TX facilities. If anyone has the luxury of making the decision today Cointerra would probably be the best bet at the moment, 2TH/s in January is a solid play.

So we small miners might be mining bitcoins looking like toy sales in the small neighborhood candy store while a Toy-R-Us and a Walmart are under construction on the same block.

[realtime]

Just a PSA for anyone buying off Ebay

http://www.ebay.com/itm/DUAL-2-KnC-Jupiter-Bitcoin-Mining-Rigs-1-3-TH-s-IN-HAND-for-pickup-shipping-/141152805043 Is using a photoshopped pic of my rigs so i'm guessing he is a scammer. I've attempted to report to Ebay but they haven't paid any attention to it.

Original image (minus crappy photoshop job) http://imgur.com/dE5tYJY

[Paladin69]

Just a PSA for anyone buying off Ebay

http://www.ebay.com/itm/DUAL-2-KnC-Jupiter-Bitcoin-Mining-Rigs-1-3-TH-s-IN-HAND-for-pickup-shipping-/141152805043 Is using a photoshopped pic of my rigs so i'm guessing he is a scammer. I've attempted to report to Ebay but they haven't paid any attention to it.

Original image (minus crappy photoshop job) http://imgur.com/dE5tYJY

Calling ebay works much better.  Issues to be resolved get entered into the system immediately after talking to a human being versus an e-mail that gets sorted by an automated system looking for keywords.

[Paladin69]

Could the question of Jupiter sales if and when have anything to do with some customer trying to buy up as many as possible?  We see photos of major hashing facilities where were they, in Hong Kong and Iceland?  Those big facilities can operate on a thin margin and make a good profit while that same rate of return for small miners would be a big disappointment. But how would that lack of information limit sales to a buyer with the money, it wouldn't.

For the last time the piece on a facility in Iceland was Cloud Hashing. They had a big order in the beginning and have not been sold anything more than what was in that initial order.

Well the return produced by Jupiters has been nice.  Nicer still if you have the Cloud Hashing facility.

Network protection doesn't protect the small miner but KnC customers in general which would include Cloud Hashing.  KnC is a business.  Like any business the larger customers get favored.  But the whole question of protecting KnC customers is muddied not only by large block sales but immediate resale of miners, tho the latter I feel  to a lesser extent.  It's difficult to be clear as it's a complex issue.

But too much consolidation of rich and poor in a system of finite supply defeats the purpose of what Bitcoin is trying to overcome.  A central banking system of wealthy elites that control other people due to their status.  We knew this was going to happen with mining eventually.  But it would be nice if top companies like KnC would not be facilitating this behavior.  If Cloud Hashing was limited, other people still would have bought those machines anyway.

I'm not really targeting people like Bargraphics with my comment.  But 100's of Jupiters going to an operation is a bit piggy IMO.

[jjiimm_64]

If anyone has the luxury of making the decision today Cointerra would probably be the best bet at the moment, 2TH/s in January is a solid play.

Please tell me where i can get 2th in jan?

I just purchased from cointerra and I will not receive until april.

edit.. i found it... 2th for a year starting in Jan, 35k

2th forever starting in april, 12k

[vesperwillow]

So we small miners might be mining bitcoins looking like toy sales in the small neighborhood candy store while a Toy-R-Us and a Walmart are under construction on the same block.

This is what myself and a handful of others have been saying for quite awhile now. Are you just now seeing the writing on the wall?

[Bitcoinorama]

So we small miners might be mining bitcoins looking like toy sales in the small neighborhood candy store while a Toy-R-Us and a Walmart are under construction on the same block.

This is what myself and a handful of others have been saying for quite awhile now. Are you just now seeing the writing on the wall?

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains. Then of course you have the amount of hashing power to remain competitive to contend with. It inevitably will have to be housed in a datacentre.

[opentoe]

O'rama... any chance you could get us a definitive answer if there will or will not be anymore 28nm?

Customer service doesn't seem to know, and you're our #1      Please?

Like I said yesterday. It was mentioned, but nothing more. Everything wound down for Christmas, and the agreement was that the idea would be set aside and approached with a fresh set of eyes in the NY. We had to assume someone else may ship a 28nm product in 2013 even if it didn't look likely.

We are more than aware of the aggressive Adwords campaign that is ongoing and has been pushed hard by companies that have yet to create working stable products throughout the BTC price rise to secure funds from newbies who don't research.

One assumes at some point someone intends to deliver on that, but no way were our customer service going to be put under the strain of another batch of orders and deliveries during their holidays, they've been under enough considering.

So customer service know nothing as nothing has been discussed this side of 2014. It's less than a 24 hours into the new year and a public holiday in most parts of the world.

Chillax, I'm sure there will be a discussion soon enough, until then there is nothing to say other than we are both aware of the interest, and no one's forgotten the completion of a working 28nm based Bitcoin miner 3 months back!

This was basically a yes or no answer. My god, you wrote a book and just confused more people. This is my opinion. The only way KNC will ever deliver anymore jupiters is if other companies start releasing miners before their Neptunes comes out. They would hate to see customer's throwing money at another company and apparently there is no loyalty in this business. Still in the back of my mind from their news letter two weeks+ ago, "So keep some coins handy as we expect them to go quick.". Handy for that Neptune listing that went up you mean.

[Bogart]

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains.

I don't know what kind of mains your house has, but mine has 240V coming into a 200A panel.

If I were to commit only half of my house's electric capacity to miners, and if I assume that a Neptune will consume 3kW, I could still run 8 Neptunes at home.

Or are you trying to subtly tell us something we don't know about Neptune's power requirements?  

Of course I could commit a lot more than half my house's capacity, but then I might end up like Bill here:

[CYPER]

So we small miners might be mining bitcoins looking like toy sales in the small neighborhood candy store while a Toy-R-Us and a Walmart are under construction on the same block.

This is what myself and a handful of others have been saying for quite awhile now. Are you just now seeing the writing on the wall?

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains.

I don't know what kind of mains your house has, but mine has 240V coming into a 200A panel.

If I were to commit only half of my house's electric capacity to miners, and if I assume that a Neptune will consume 3kW, I could still run 8 Neptunes at home.

Or are you trying to subtly tell us something we don't know about Neptune's power requirements? 

24000 Watts during the summer.
I hope you live in the Arctic region or you will have serious cooling problems.

[Bogart]

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains.

I don't know what kind of mains your house has, but mine has 240V coming into a 200A panel.

If I were to commit only half of my house's electric capacity to miners, and if I assume that a Neptune will consume 3kW, I could still run 8 Neptunes at home.

Or are you trying to subtly tell us something we don't know about Neptune's power requirements? 

24000 Watts during the summer.
I hope you live in the Arctic region or you will have serious cooling problems.

Actually I have a purpose-built "miner shed" with two open ends, with air filters and an array of fans on the intake end.  That's where the miners live during the summer months.

[vesperwillow]

So we small miners might be mining bitcoins looking like toy sales in the small neighborhood candy store while a Toy-R-Us and a Walmart are under construction on the same block.

This is what myself and a handful of others have been saying for quite awhile now. Are you just now seeing the writing on the wall?

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains. Then of course you have the amount of hashing power to remain competitive to contend with. It inevitably will have to be housed in a datacentre.

Exactly. This is what some of us have been saying for awhile, but apparently not everyone gets it.

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains.

I don't know what kind of mains your house has, but mine has 240V coming into a 200A panel.

If I were to commit only half of my house's electric capacity to miners, and if I assume that a Neptune will consume 3kW, I could still run 8 Neptunes at home.

Or are you trying to subtly tell us something we don't know about Neptune's power requirements?  

24000 Watts during the summer.
I hope you live in the Arctic region or you will have serious cooling problems.

Actually I have a purpose-built "miner shed" with two open ends, with air filters and an array of fans on the intake end.  That's where the miners live during the summer months.

I don't think you understand the thermal dynamics of a 24Kw heater lol. The fans might melt, or catch fire, depending on what they're made of. Unless you already run similar equipment, in which case ignore my comment lol.