Sent you a PM too.

Are you aware that minepeon is being used by hashfast in their baby jets? They provide the machine and a PI to run it off apparently, with minepeon preinstalled.

Here is the thread :

https://bitcointalk.org/index.php?topic=425019.0

And in this video you can clearly see it's minepeon at 0:26 :

http://www.youtube.com/watch?v=-YPvTnOXp7Q

You have put a lot of effort into minepeon and honestly I don't feel it's fair they are using it in a commercial product without telling you.

You are right, it comes down to making a gamble, some of us won, some of us lost. And as Matthewh3 noted, the HF gamble went bad for everyone involved. I just want to inject a bit of reality into this thread where people are screaming EVERYONE made out by buying their October batch. Note that I am happy with the hardware, I think it's a fantastic piece of art.

In any case, I will run the unit into the ground trying to recoup my investment, I should be able to get close in the next 6 months.

I actually passed on the Neptune, with no set delivery date, many other manufacturers shipping soon, and the mysterious unknown miner adding hashing power every day, I felt uncomfortable making another gamble.

I received my October unit on Oct 28th, have been mining constantly, and I am still down 20 BTC from what I paid in BTC for it.

Let me put it in a different way that will make more sense.

If BTC had stayed around $100, only those that received their shipments early October would have made their $ back. People who paid in $ just got lucky with BTC climbing.
 
If you bought BTC at the time in stead of purchasing your miner with $, you would have had more BTC and $ equivalent Today, especially for those getting delivered past Oct 15th.

He's not the only one though, I am still down 20btc from my initial investment in my October miner due to 3 week late delivery (end October).

In fact, if BTC price had not risen exponentially, then almost no one would have recovered their investment at this point.


Edit: Let me add that if I had gotten a refund at that point, I would have been down even more BTC. It was my bad decision to pay in BTC, but hindsight is always 20/20.

Sent for one BF4 key, thanks!

edit : Received and redeemed, thank you.

A little bit ago on irc, hno stated that you should not go over 50A, or the stress can burn the board beyond repair, cause exploding capacitors, burned traces.

So I would want you to double check before anyone blows their unit up. While the tuning suite can go that high, it was also said it was an oversight and that it should not have been able to push the VRMs to that limit.
 

In hindsight, yes, this was the correct decision, but who would have thought BTC would go up ten fold in a few months? R1senfa17h' explanation is spot on in my opinion, this goes back to the fact, you should have bought BTC and not a miner, and you would be better off.

If you paid in cash for the miner, then at this point you most likely made your money back.

But looking back it's always easier to figure out what you should have done. You could have mined LTC starting in April and made much more than you ever will with any bitcoin miner in the near future for example.

I paid 40 BTC to KNC for my October Saturn, delivered Oct 28th (Some people paid 80 for a Jupiter at that time).

I paid 6 BTC for two upgrade modules, making it a Jupiter.

I've mined 15 BTC so far, thus I am down 31 BTC as of Today.

I bought when BTC was around $100 orso.

I'm just trying to point out that there are quite a few of us that paid BTC, that are never going to recoup their investment in KNC.

40 BTC, October Saturn, 6 BTC for two upgrade boards is what I paid total.

I'm still down about 31 BTC on my Saturn/now Jupiter miner received in October, it's mining great, but I am not sure if it will pay for itself even in BTC?

I do admit that the November batch will pay for itself easily, even in BTC, but for us October BTC purchasers, this is not the case.

The shifts have become shorter, so you're submitting less shares, due to the pool hashrate increasing.

Pool stats looked weird for a bit too, but seems to be normalizing.

This is actually a great point, who knows if I would have sold in stead of investing in equipment, with it stuck in hardware, at least I can't spend it on something else.

BTW, anyone up for the frankenminer? : http://www.ebay.com/itm/301026517238

I do own a Saturn that was upgraded to a Jupiter last week, so I am invested in this game (since gpu times even), it was a no brainer to buy the upgrade modules. I might even buy a Neptune if the numbers look good.

The thought process is fairly easy in my case, will I make more BTC by reinvesting them, or should I just hold onto my BTC? In this case, since the price went up 7-8x, I should have held my BTC.

Let's look at it from a different angle, if BTC was about $100, I would still be saying the same thing, I have not and most likely will not make back the amount of BTC that I purchased the miner with. Likewise for those who purchased with cash/CC, they would have had to make x BTC at a rate of $100 to break even. If that was the case, no one would have made their investment back in my opinion. People who paid with cash/cc just got lucky with the rise in BTC price.

It's ironic that we just got an orphaned block, looks like it took an hour to propagate? Any reason that it orphaned?

https://blockchain.info/block/0000000000000005244e86de64770d815b686f5df680688f9e2a1a9ed05b4106

vs

https://blockchain.info/block/0000000000000005e22b7be8d7581fecb2392d83e5a6c74c236d4505f05be2c3

This is the elephant in the room for us October buyers, if you paid in BTC, you will never see that BTC back or make any amount of profit if your hardware got delivered past October 15th. In fact if you bought BTC with what you paid for your miner, you would be much better off, except everyone seems to ignore this.

I really like mining, but I admit it would have been better to hold or buy that BTC at this point.

KNC was on Swedish TV per hno :

http://www.svt.se/nyheter/sverige/svenskt-bolag-i-centrum-for-bitcoin-utvecklingen

4th picture has their video.

If the delay is truly due to UPS' fault, they will reimburse the shipping, or partially. However KNC will have to request the refund for their shipments, we can't do that.

I don't know whether to laugh or cry, two modules shipped to me, one left Sweden, the other says "The package was left in a UPS facility.". They forgot to put it on the plane I guess.

Edit : Now both are stuck and never left.

Bitcoinorama' explanation for the delay of shipping the upgrades is ridiculous, why is everyone just gobbling this up?

Here is a picture of the page I made when I ordered the modules :

http://i.imgur.com/0NI2wpV.png

Note the part at the bottom? "All items are in stock and will be packaged and shipped this week via ups".

It didn't say maybe, it said they will ship. This is the same BS that has cost many of us (including me) the chance to recover our investment in KNC. These upgrade modules will help with recovering a bigger part, but as with anything bitcoin, every day counts. So don't say you will ship this week, and then turn around and wait another week, at approx .13 coins per day per unit lost. I was one of the early orders, so I could have had my boards by now.

I do like my miner and I think they did a fantastic job on the hardware, but the constant delays and excuses are not acceptable for any professional company.


Edit : And to add to this is buying the heatsinks/coolers with 2 day shipping to make sure we would have them in time, another waste of money.