Swedish ASIC miner company kncminer.com

[DPoS]

a customer will never make money with cloud hashing..  it is in the same category as payday loans..  for people that have reasons not to be with banks, etc, so they don't mind paying a premium to get bitcoins

[1Neptune]

No one will be shipped a Neptune... ever.  We won't be given any option other than 3THs hosted mining for a year (six months, maybe) in some massive aircraft hanger on the frozen tundra.  Mark my words.

...

In addition-it looks like major companies are trying to maintain $3000/th price (KnC, cointerra, BFL, blackarrow, etc). It won't work at these BTC prices. Somebody will split first (chinese?).

The highest cost manufacturer will be the first to drop out, followed by the next highest cost and so on up the food chain. At least that's how it works generally in traditional manufacturing, but when btc is involved emotions come into play and toss reason out the window.

[The Avenger]

The Dukes of Moral Hazard

[soy]

And a user might look at his kill-a-watt and find his miners have just ceased to be profitable given the btc value atm.  Some months later the btc value rises enough so he turns his miners back on and he asks himself - What if I had kept mining at a loss and then got here where it's profitable again?

[xstr8guy]

No one will be shipped a Neptune... ever.  We won't be given any option other than 3THs hosted mining for a year (six months, maybe) in some massive aircraft hanger on the frozen tundra.  Mark my words.

0.1 BTC bet on that?

No thanks and I hope I'm wrong.

But......

I just have this hunch.  I've never been one to believe in conspiracy theories and the like.  But I am almost completely convinced that not only will we never get to physically touch a Neptune but KNC will never actually produce them.  It just doesn't make economic sense for them to spend millions on a marginally better technology when the market will soon be flooded with very similar and possibly more efficient miners (ASICMiner anyone?).

Hence the belief that KNC are using Neptune preorder funds to build their massive cloudhosting facilities and plan on using the cheap old 28nm tech to reduce costs.  I also believe that KNC never actually were planning to build 20nm miners.  It's just been a long con to them and the ultimate goal has always been to control the largest piece of the hashing pie.

Again, I hope I'm wrong.  I'm a hardware junky and would love to actually get my hands on my Neptune which will be my last piece of mining hardware I will ever purchase other than the couple of Monarch cards that I had converted from 65nm orders.  But also think that it is likely that BFL will do the exact same thing as KNC may be planning, cloudhosting only.

[Crypto_Cumbrian]

Off topic.

I have just been robbed , just about all my Coins in my QT wallet have gone.

Status: 312 confirmations
Date: 16/02/2014 03:43
To: 1JJewUpXpBHNDWVqzkKk7kWa7pQzRGfzpG
Debit: -11.24 BTC
Transaction fee: -0.0006 BTC
Net amount: -11.2406 BTC
Transaction ID: df776f8492caaee7004594f9e8b399342e24ce7febd8b79621ac7ded958b78ba

Question how can this Happen if my Wallet is Encrypted , With a very long password.

[jelin1984]

Which wallet you used ?

[Crypto_Cumbrian]

QT

[The Avenger]

Comment moved to the thread you set up https://asktom.cf/index.php?topic=471769.0

[faetos]

So, how many of you that did order a neptune had hopes of it going more than 3T? KnCletus said "if we are late we will simply give you a choice of converting to our online hosted hashing of 3TH from our facilities if you wish to" I know I did - was hoping for 5T, but realized it was all a pile of hooey.

[sahkan]

Off topic.

I have just been robbed , just about all my Coins in my QT wallet have gone.

Status: 312 confirmations
Date: 16/02/2014 03:43
To: 1JJewUpXpBHNDWVqzkKk7kWa7pQzRGfzpG
Debit: -11.24 BTC
Transaction fee: -0.0006 BTC
Net amount: -11.2406 BTC
Transaction ID: df776f8492caaee7004594f9e8b399342e24ce7febd8b79621ac7ded958b78ba

Question how can this Happen if my Wallet is Encrypted , With a very long password.

It must have been a keylogger trojan. Look through some recent programs you installed. Is it on Windows or MAC? Whatever it is, they still have access to that PC...

[1Neptune]

So, how many of you that did order a neptune had hopes of it going more than 3T? KnCletus said "if we are late we will simply give you a choice of converting to our online hosted hashing of 3TH from our facilities if you wish to" I know I did - was hoping for 5T, but realized it was all a pile of hooey.

I and at least one other person I know were hoping for something between 3 and 4 TH, 5 would've been even better, getting up to 4 would've been fine.

[DPoS]

So, how many of you that did order a neptune had hopes of it going more than 3T? KnCletus said "if we are late we will simply give you a choice of converting to our online hosted hashing of 3TH from our facilities if you wish to" I know I did - was hoping for 5T, but realized it was all a pile of hooey.

I and at least one other person I know were hoping for something between 3 and 4 TH, 5 would've been even better, getting up to 4 would've been fine.

more chance of them mounting this on it than getting >3Th

[raskul]

The Dukes of Moral Hazard

[1Neptune]

Posted by Kurt in the KnC forum "general questions", post #7 in "Next month (March) is the end of Q1. Will the first Neptune batch be shipping then?"

"Hi Everyone,

It is our highest priority that our customer's are satisfied with the outcome of their Neptune purchases, if our customers are not satisfied, we do not have repeat business. We are currently the most respected and trustworthy ASIC company on the market, we aim to keep our reputation as this is what makes us unique in this business.

As we come closer to the end of the production period, we will start having more frequent updates to share, but for now we are on track and continuing as planned."

[RickJamesBTC]

No one will be shipped a Neptune... ever.  We won't be given any option other than 3THs hosted mining for a year (six months, maybe) in some massive aircraft hanger on the frozen tundra.  Mark my words.

0.1 BTC bet on that?

No thanks and I hope I'm wrong.

But......

I just have this hunch.  I've never been one to believe in conspiracy theories and the like.  But I am almost completely convinced that not only will we never get to physically touch a Neptune but KNC will never actually produce them.  It just doesn't make economic sense for them to spend millions on a marginally better technology when the market will soon be flooded with very similar and possibly more efficient miners (ASICMiner anyone?).

Hence the belief that KNC are using Neptune preorder funds to build their massive cloudhosting facilities and plan on using the cheap old 28nm tech to reduce costs.  I also believe that KNC never actually were planning to build 20nm miners.  It's just been a long con to them and the ultimate goal has always been to control the largest piece of the hashing pie.

Again, I hope I'm wrong.  I'm a hardware junky and would love to actually get my hands on my Neptune which will be my last piece of mining hardware I will ever purchase other than the couple of Monarch cards that I had converted from 65nm orders.  But also think that it is likely that BFL will do the exact same thing as KNC may be planning, cloudhosting only.

You're friggin nuts. Look at the terrible behavior of all the other asic manufacturers, how the hell can you say that KNC is working a long con, by shipping millions and millions of dollars worth of mining machines that made a lot of us a very good return. They have a tremendously successful business, and will continue making machines as long as people are buying them. Mining difficulty increases too fast, making hardware just for your own mining is never going to be as profitable as selling that hardware for as much as it likely will ever make.

[smoothrunnings]

Off topic.

I have just been robbed , just about all my Coins in my QT wallet have gone.

Status: 312 confirmations
Date: 16/02/2014 03:43
To: 1JJewUpXpBHNDWVqzkKk7kWa7pQzRGfzpG
Debit: -11.24 BTC
Transaction fee: -0.0006 BTC
Net amount: -11.2406 BTC
Transaction ID: df776f8492caaee7004594f9e8b399342e24ce7febd8b79621ac7ded958b78ba

Question how can this Happen if my Wallet is Encrypted , With a very long password.

Obviously the password wasn't strong enough. You should be using one of the 63 character ascii passwords from grc.com/password, the nice thing is these passwords never get regenerated no matter how times you refresh Steve Gibson's website.  

[Biffa]

http://eligius.st/~wizkid057/newstats/userstats.php/1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X

Is this KNC?  Ugh.

Whoever this is, they increased hashing rate ~10% in the last 4 days. Now up to ~1ph or 20% of eligius pool (4% of the whole network).
The other account (http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX) is dropping a little bit.

Thats BITMAIN

[Biffa]

Off topic.

I have just been robbed , just about all my Coins in my QT wallet have gone.

Status: 312 confirmations
Date: 16/02/2014 03:43
To: 1JJewUpXpBHNDWVqzkKk7kWa7pQzRGfzpG
Debit: -11.24 BTC
Transaction fee: -0.0006 BTC
Net amount: -11.2406 BTC
Transaction ID: df776f8492caaee7004594f9e8b399342e24ce7febd8b79621ac7ded958b78ba

Question how can this Happen if my Wallet is Encrypted , With a very long password.

Obviously the password wasn't strong enough. You should be using one of the 63 character ascii passwords from grc.com/password, the nice thing is these passwords never get regenerated no matter how times you refresh Steve Gibson's website.  

Doesn't matter how long your password is if you have a keylogger trojan on your machine.

[Biodom]

http://eligius.st/~wizkid057/newstats/userstats.php/1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X

Is this KNC?  Ugh.

Whoever this is, they increased hashing rate ~10% in the last 4 days. Now up to ~1ph or 20% of eligius pool (4% of the whole network).
The other account (http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX) is dropping a little bit.

Thats BITMAIN

Top, bottom or both are bitmain? Someone had posted that top is KnC.