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Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Phoenix1969
on 05/08/2013, 20:51:29 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,


I also Found this though....  see last paragraph..   Smiley


Your place is only worth something if you have already paid.  
The order you'll get your unit is determined by when you send them money - so... if you have not paid, then a number from a contact form doesn't have much value.  Undecided

Hi, Actually this is NOT true

We will open up the order books soon and give everyone a chance to pay for their preorder (7 days), We will then ship them based on the preorder registration number, not when the order was paid for

as long as the order is paid for within the 7 days we will honor the queue placement. if you pay on day 8 you will simply enter the queue from the back

I hope this helps

if you do sell your order number all I will need is an email from both parties and I will do the rest, they will get your queue placement. it can’t however be for more than your registered amount of boxes and we will not split preorders into multiplies

Sam@kncminer.com