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Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
ffernandex
on 05/08/2013, 18:36:41 UTC
Avalon Shmavalon.

Back onto KNCminer's order numbers... they have "Day 1" and "Day 2" as some kind of shipping batch identification.  
I figured they could ship a few hundred 4RU machines a day, if that...

So this guy is just now auctioning a "Day 1" order with order number #1824: https://bitcointalk.org/index.php?topic=268149.0

So which of the following applies??

  • Day 1 doesn't actually mean the first day of shipping.
  • There are a lot of unpaid orders up to order number 1824.
  • Somehow KNCminer will be shipping almost 2000 x 4RU units in a single day....  Shocked


There are a lot of unpaid orders generally. When you submit an order you are allocated an order number and even if you don't pay it still stays in their system.
A friend of mine just placed one - Order ID: 52xx

More important is how many of these 5200 orders are paid for and real - this information would be very valuable in establishing the expected (very rough) estimate of the future hash rate, thus easier to calculate possibility of positive ROI.
Because right now I don't really care how much net profit I can make as long as it is positive.

For example even with 1 billion difficulty it still makes sense to mine with KNC Miner and it is very simple to calculate returns - 1 billion difficulty equals 7158.278TH/s, so if you have 400GH/s miner = 400/7158000=0.0000558815 shares of the 3600 daily coins=0.2011734 coins per day=6.13BTC per month.

Fishy at best, I have order #5x, and its a "Day two of production" order. Sam has also stated he does not want sales of pre-orders, and will do what he can to stop it.


Nothing fishy about it, your low order number just means you pay really early within the 7 day period, but you should have had an early preorder that was in line after mine.

You can see in this thread that reports KnCMiner preorders https://bitcointalk.org/index.php?topic=249065.0, there are two other orders paid on June 10th (just like mine) which are scheduled for day 1, even when they have actual order numbers higher than myself:

Quote
dwdoc   19xx   10 June   1   0   0   Hosting   1   
kudzu   200x   10 June   1   0   0   China   1

Regarding Sam not liking the sell of preorders, that's fine, I'm not selling my preorder, I'm looking for a partner to purchase the Jupiter upgrade and cover half the cost of the hosting. It is my right to purchase an upgrade and keep my place in line.

Best regards,