Swedish ASIC miner company kncminer.com

[Tehfiend]

off topic
For my USA KNC associates & friends...  heads up  good news for USA
Just completed an International Transfer Deposit from USA to Bitstamp in LESS THAN 24 hours!
hope that helps.

How?!

Is there a reason why you don't just use Coinbase? I have found that Coinbase is easy to use and allows transfers to/from US bank accounts.

Coinbase is not an exchange (no limit orders etc)...

[opentoe]

Sounds like for the "first time", they're floundering on their word. A month ago they confirmed they would in fact be selling Jupiters by now (actually, by now they should've been shipped). Now they're quiet.

Either they're releasing the Neptune much earlier than anticipated, like next month, or they're simply going to ignore their word.

Wasn't worth their time or energy to sell anymore Jupiters. That sentence still aches in my head, "have some coin handy". As I said before, the ONLY reason they even mentioned they would sell Jupiters and tell everyone to get some coin handy was to make people get some coin ready thinking they would able to buy Jupiters...then all of a sudden there was a Neptune sale again. What a coincidence! Yea, this is my opinion....but really it is the only logical reason why they would even mention it or tell us to get coins ready.

[noodle73]

Either that or Hashfast didn't ship, Cointerra haven't shipped so the need to keep up right this minute with adding more hashing power didn't materialise - so no requirement
 to sell more Jupiters.

[soy]

Either that or Hashfast didn't ship, Cointerra haven't shipped so the need to keep up right this minute with adding more hashing power didn't materialise - so no requirement
 to sell more Jupiters.

I agree.  We were expecting a major jump in network hashrate that didn't happen but this steady up slope of hashrate and dwindling of returns continues - apparently just not enough in their eyes to justify production and shipment of new Jupiters.

[soy]

The power requirement of the Neptune isn't an easy sell.  If I were a competitor and realizing if I ship real quantity and power it will trigger a Jupiter sale response by KnC, I might consider doing a BFL with some backdoor deals and machines to family and friends but leave the majority of my customers in the lurch.  KnC might see the lack of major hash addition all at once as allowing a better chance to sell Neptunes - they wouldn't be their own competition if that makes any sense.

It would be a strange turn of events if the competition is lining the pockets of employees, family and friends with their product hashing at a  lower total net hashrate while giving their customers excuses and the only thing that would get them off the pot is if KnC started reproduction and sale of Jupiters. (The kind of logic a Bush spin-doctor would love.)

[AussiePete]

I would respectfully have to disagree with Soy and Noodle .

The promise or Statement  was based on   "Protect our customers share of the network."
............and the the condition was   "Any of our competitors  continues to add large amounts of hashing power"


I believe that the continues growth of the diff is directly due to our competition continuing adding large amounts of hashing power . If our competition had added "Small" amounts of hashing power the diff per month would only be rising by 30% per month
As this diff rises there should be clear reducing rise\curve

As it stands the diff is rising by 60 to 70 % per month . The would definetley be showing a larger reduceing curve if there was only small amounts hashing being added .

Am I wrong ? .............What do the rest of you guys think ?

Pete

[joeventura]

www.kncminer.com and their forum down now or I got problem with their connections?

Anyone please confirm!

It's up but it appears slower than usual.

That's because they just made some changes to the site..............

[1l1l11ll1l]

www.kncminer.com and their forum down now or I got problem with their connections?

Anyone please confirm!

It's up but it appears slower than usual.

That's because they just made some changes to the site..............

Reminds me of these days!

[DPoS]

KNC was just quoted at CES saying they are responsible for 70% of the network right now... 

[arousedrhino]

Sounds like for the "first time", they're floundering on their word. A month ago they confirmed they would in fact be selling Jupiters by now (actually, by now they should've been shipped). Now they're quiet.

Either they're releasing the Neptune much earlier than anticipated, like next month, or they're simply going to ignore their word.

Where did they confirm that they would be selling Jupiters by now. KNC never made such a statement so you can't hold them to that statement.

[kendog77]

KNC was just quoted at CES saying they are responsible for 70% of the network right now... 

Unless they manufactured 14,000 Jupiters, I'd say that's bullshit.

See my math in a previous post.

[AussieHash]

Well bitfury has been selling 3000 chips on a reel since August. BFL, Avalon, cointerra and HF are also said to sell chips.
No reason KnC couldn't have sold several thousand chips to private buyers.

[AussiePete]

arousedrhino  ( with respect)

KNC  made the Protection Statement   to re assure  their customer base , so we would purchase more Miners from them . This statement to me is a promise that if I would take a risk\investment through KNC, they would  make decisions (as in releasing more miners to me ) in my best interest , so my  investments would be protected .

                          ...........................................................

We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.

Thanks
KnCMiner Team

                           
As well KNC said

As it looks like our struggling competition may eventually ship before our Network protection period has finished, we may be in a position to release Jupiter’s and possibly upgrade cards which we will ship from stock.
If we do have more items to place in the shop for our 28nm range, we will announce this via one of our newsletters which will contain the time and date that they will go on sale. So keep some coins handy as we expect them to go quick.

                               .......................................................

When any Business makes these assurances and I do invest or re-invest because of that promise , I expect that business to keep their word ...........or face some conserquece (all investors hate being played)

There doesn't need to be any Confirmation.

 Just let KNC keep their word .........That would be the smart move

Pete

[faetos]

if KnC sells Jupiters now it would be like a huge ..l.. to everyone that bought a neptune.

[vesperwillow]

Sounds like for the "first time", they're floundering on their word. A month ago they confirmed they would in fact be selling Jupiters by now (actually, by now they should've been shipped). Now they're quiet.

Either they're releasing the Neptune much earlier than anticipated, like next month, or they're simply going to ignore their word.

Where did they confirm that they would be selling Jupiters by now. KNC never made such a statement so you can't hold them to that statement.

I'm only going what I kept in my notes, an email someone posted. Might be wrong. Then again, they may have gotten folks' attention away from buying competing hash by doing this, which could've been a side benefit of the statement all along.

if KnC sells Jupiters now it would be like a huge ..l.. to everyone that bought a neptune.

Jupiters in 30 days vs Neptune in 90-180 days? No.

KNC was just quoted at CES saying they are responsible for 70% of the network right now... 

Unless they manufactured 14,000 Jupiters, I'd say that's bullshit.

See my math in a previous post.

Wasn't their original order book in the 13,000 range for all products? They had a certain number of orders for batch 1 private customers, and a separate batch for corporate/large-number purchasers, didn't they? I remember doing the math on this and that, at the time batch 1 would've been equal to like 30 or 40% of the total hashpower.

[AussiePete]

faetos

I bought 2 Neptunes and I plan on buying more in time ........To me this is a continued long term investment that will continue to probably go on for  at least the next 10 years or so . The only way to protect yourself from the diff rise is to continue to re-invest as you can. My prediction is that big business is starting to take notice at mining investment concept now ,  since it seems the value of BTC   is staying  above $500 per btc

So if the question is about "Protection" the only answer is re-invest in quality miners from business that want to protect their reputation (as much as they can) .

Pete

[arousedrhino]

arousedrhino  ( with respect)

KNC  made the Protection Statement   to re assure  their customer base , so we would purchase more Miners from them . This statement to me is a promise that if I would take a risk\investment through KNC, they would  make decisions (as in releasing more miners to me ) in my best interest , so my  investments would be protected .

                          ...........................................................

We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.

Thanks
KnCMiner Team

                           
As well KNC said

As it looks like our struggling competition may eventually ship before our Network protection period has finished, we may be in a position to release Jupiter’s and possibly upgrade cards which we will ship from stock.
If we do have more items to place in the shop for our 28nm range, we will announce this via one of our newsletters which will contain the time and date that they will go on sale. So keep some coins handy as we expect them to go quick.

                               .......................................................

When any Business makes these assurances and I do invest or re-invest because of that promise , I expect that business to keep their word ...........or face some conserquece (all investors hate being played)

There doesn't need to be any Confirmation.

 Just let KNC keep their word .........That would be the smart move

Pete

The problem is they made it vague large amounts could be anywhere from 2PH to 100PH so no matter how much hashing power is added you will never be able to hold them responsible for upholding that statement. If they had said if someone adds X hashing power to the network or the diff reaches x before feb 2014 then that would be a statement we would expect them to keep their word on and we could hold them accountable for not keeping that promise but they never actually promised us anything so there will never be any way to confirm that they did not uphold that statement. They can say the increase wasn't large.

[AussiePete]

arousedrhino

I see your point

I actually believe KNC is a smart and reputable  company who wants to protect their reputation ,especially in the minds of  their long term customers\investors are concerned. I dont think they were trying to be misleading or being stupid when they made such statements and I think they will sell some Jupiters soon .

KNC can see that some of there original investors are starting to buy miners else where because of the diff rise continous . Selling more hash power now is smart business and I believe it protects us ("Us" being  their customer base )  I personally  believe its in every investors interest to re-invest asap  (Investors as  in KNC products investors)

Just in case KNC are getting double minded in their decisions , I think we should  let them know .........and Im sure their listening

Pete

[merv77]

when does Neptune refund option end? 
it is when they start production, no? 
When is that likely to happen? This week, next week, week after?

What I am getting at is when the option for refunds stop/end, that's when we might see Jupiters for sale again.

I think that KNC are not going to sell Jupiters because of some existing customers started asking for Neptune refunds in order to buy Jupiters.

I also think that if there was no option to refund Neptunes then they would have gone ahead and sold more Jupiters.

Didn't a few guys here say they were going to refund their Neptunes to buy more or some Jupiters?  This is what I remember just after KNC announced that they were going to sell Jupiters again and for us to keep some bitcoins handy. 

If I was in this business I would stop selling Jupiters also because of the fear of Neptune refunds.  They would make more profit if they just did offer them to us and sell them off privately.

This is just my opinion.

[AussiePete]

Merv

Good points

Bottom line , we the long term re-investors will choose our re purchasers\manufacturers based on the company that producers the best machines at the best times . KNC is right now is that company . Soon we will have proof of other companies  products and services . We will study and weigh up different reports .

The company which makes  better decisions , products and keeping to their promises (without being missleading) in the long run will gain a bigger market share of the sales and therefore greater profit margin in the long term  . Which is basicly is  why we too are investing   ......bottom line greater  profitability in the long term .

I believe KNC have a long term view  in mind as well as short term and they know we do as well ...........The long term profitability is getting as much hashing power in quality machines with a reputable manufacture.........those who acheive that ( on both sides purchaser and manufacturer) They will be the ones to be the most profitable .  

I agree, KNC have to weigh up both sides  , but I think the long term view out weighs the short term view

Pete