Bitcoin Mining Firm KnCMiner Declares Bankruptcy - CoinDesk

KnCMiner cuts price of Saturn and Jupiter bitcoin mining rigs

KnCMiner cuts price of Saturn and Jupiter bitcoin mining rigs submitted by bernatfp to Bitcoin [link] [comments]

Hey guys, selling 2x KNCMiner Neptune w/ PSUs for $600 each set. Yes, I take BTC.

Hey y'all, I'm selling 2x KNCMiner Neptune cube sets for $600 each. Each set comes with the proper PSUs to run all 5 cubes and the controller board. They mine around 4.6TH/s consistently. I take Bitcoin as payment, and will add shipping fees onto the price once I actually go to send them out.
I also have 2x KNCMiner Saturn that get 600-800GH/s with the proper PSUs that I'll sell for $200 each. The included PSUs alone are worth that much. Reply to this post or PM me if you're interested. Mods, sorry if this post breaks rules, I've seen other "for sale" posts before.
submitted by Rpgwaiter to BitcoinMining [link] [comments]

KNCminer to release 350 GH/s in September

Everyone,
A lot has happened in the last few weeks, so we thought it was time for a new update. The main focus of this newsletter will be around the following topics:
Jupiter’s performance increase. A new product called Saturn. More information on our approach to Litecoin mining devices. Things we are working on in the next few weeks. Update of Jupiter performance https://www.kncminer.com/products/jupiter We have previously announced that Jupiter will have a minimum performance of 250GH/s. We can now be a little more accurate and say that it will be above 350GH/s. A few improvements have allowed this to happen. One of them is that we are now able to use the 28nm technology in our standard ASIC design.
Delivery is also important to our customers so we can also narrow down from saying autumn to the latter part of September 2013. This is still a compressed timeline but we are very confident we can meet our deadline. (Which in terms of Standard cell ASIC design is a very aggressive time frame.) We are able to commit to this deadline because of the experience that ORSoC brings.
The last update around Jupiter is the price. We previously stated that it would be between 7000 and 8000 USD per device. The final component costs are all in and we can confirm that the price will be 6995 USD.
So to recap. Jupiter now comes with:
350 GH/s. 28nm Standard Cell ASIC chips. Shipment in September 2013. 6995 USD price tag. Announcement of Saturn https://www.kncminer.com/products/saturn We have had many people asking for a cheaper ASIC device, which would still give great value for money in terms of hashes per dollar.
So we have listened. We have created Saturn, Saturn is a 4 blade device. (Jupiter is an 8 blade device) Saturn still offers great value in terms of hash per dollar, but has a much more favorable purchase price of 3795 USD. It will have a minimum performance of 175 GH/s and because it’s based on the same modular design as Jupiter, they will ship alongside each other in September 2013.
So to recap on Saturn:
175 GH/s. 28nm Standard Cell ASIC chips. Shipment in September 2013. 3795 USD price tag.
Litecoin device A common request arriving on our desks is around us producing a Litecoin mining device. We have stated that we are looking into it, to see if we can develop a device that would make sense for the Litecoin community. What we would like to say at this stage is that we are removing things form our plate which in any way delay the shipment of our ASIC based Bitcoin mining hardware, having said that if we have any space in our resources. (Which we may increase in the near future) They are being targeted at producing a Litecoin device. So as of today it’s on the plan but is second only to the ASIC Bitcoin devices. We will continue to conduct research into Litecoin devices and see exactly how challenging it would be to produce an FPGA type setup for mining Litecoins.
The coming weeks Next week we will have a demo video of our Mars device uploaded for everyone to see. So at this point we would like to invite the community to select people to come to our offices. Those people would be able to meet the engineering team and have a look at our prototype. If you would like an invite please send us an email. We will try to accommodate as many people as we can.
Above all we would like to say thanks again for all of your feedback. Keep it coming it allows us to produce better and more targeted products.
KnCMiner Team
submitted by chaxattack to Bitcoin [link] [comments]

My KnCminer Saturn was stopped by Customs. Here's what I learned that you need to know.

Customs is only interested in collecting taxes & tarrifs, but it does slow down the delivery significantly. They don't seem interested in bitcoin at all.
DHL said that KnCMiner didn't format American phone numbers correctly on the shipping label and it's likely that they would not have established contact by phone if I had not called them.
~~~~~~
If you see: "Shipment has been given a release by Customs" You are GOLDEN. No worries.
~~~~~~
If you see: "Clearance Event" You need to follow the steps below.
~~~~~~
Here's what to do if your miner gets stopped:
There is no duty tax for this, but you may be required to pay state sales tax.
Here's the most relevant search: bitcoin "duty calculator"
Dutycalculator.com link for Import duty & taxes for KnCminer Saturn
Current Status Screenshot: http://i.imgur.com/xkCkf8c.png (Released from customs, Updated 10/19/2013)
Update: It seems that I'm not the only person who has had this incident. I'll continue to update the post until I state otherwise. I'll include relevant data from comments in the OP.
submitted by knc_shipping_problem to BitcoinMining [link] [comments]

I have a beagleboard that came as part of a bitcoin mining appliance and I broke linux. Offering a reward for the solution.

THIS PROBLEM HAS BEEN SOLVED.
I received a brand new KnC Saturn bitcoin miner TODAY. I promptly logged into ssh to configure the miner and made a mistake that has caused the appliance not to boot.
I am willing to offer $200 in reward, by paypal or bitcoin to the person or persons who helps me get this miner working. If it starts working, I will award the entire sum to those who helped in a sum divisible at my discretion.
This is the KncMiner Saturn, the miner I received today.
Here is a picture of the the controller board
This is the front of the beaglebone attched to the controller
Here is a picture of the back of the beaglebone
I have no experience with beagle boards, though I am comfortable with Raspberry Pi's, and pretty comfortable with linux (though I'm questioning that considering my current predicament).
Here's a synopsis:
The beagleboard runs a custom linux firmware developed by KnCminer with a bitcoin mining program called cgminer. The interface is accessible primarily from a web interface, secondarily by ssh.
I am nearly certain that the only problem is that I removed a file that the board is searching for on boot. There is a directory called /config/ that directory contains mining configuration files.
I issued
mv /config/cgminer.conf.factory /config/cgminer.conf 
which effectively deleted /config/cgminer.conf.factory. This has rendered they system only partially bootable. The system lights up and it responds to ping, but I cannot access the system by ssh or by the web interface.
I believe that all I need to do is to get into the beaglebone and cp the cgminer.conf file back to cgminer.conf.factory in order to enable regular boot.
In addition, I may have exacerbated the problem by attempting a hardware reset described on page 5 of this manual.
The company, KncMiner, does offer a support page with clean firmwares, but I don't know how to apply any of these to a non-working system.
I am more than willing to answer any questions. As I stated, I will award $200 in bitcoin or paypal to the person or persons who helps me get this miner working. The payout will only occur if this thread results in a solution. I will award the entire prize at my discretion to those who help at a ratio of my determination.
UPDATE 6:30am 10/22/2013: I glad to see bonez656 post that this is happening to someone else. I am currently trying to acquire a complete dd image of the saturn/jupiter so I can reflash my beaglebone. If this works, I plan to offer 1/2 of the reward to bonez656 and the other half to whoever provides the dd image.
UPDATE 7am 10/22/2013: I received support from Emilia at KnC that may make a flash unncessary. The miner has an Emergency State that may allow me to access SSH and restore the bad file. I will attempt this first and follow up around 5pm EST with details.
UPDATE 4pm 10/23/2013: The miner is up and running! I'll be providing 0.25 BTC to bonez656 for providing comments that got me closest to the solution.
The solution actually came from KnC miner support:
  1. Shut down the power;
  2. Disconnect 12V power cables from all the ASIC boards;
  3. Turn the power on.
  4. The miner will start, and red LED will light up eventually - it is in errored state "No ASIC board found"
  5. SSH into the miner, restore factory configuration files (sample network.conf.factory and cgminer.conf.factory attached)
  6. sync (issue sync command in the command line interface)
  7. Turn the power off.
  8. Plug in back all the 12V cables to the ASIC boards.
  9. Turn the power on.
  10. Happy mining!
submitted by knc_shipping_problem to BeagleBone [link] [comments]

KNCMiner open for preorder

Hi everyone, it’s time for another newsletter from us. Today we will cover: Online video demo of Mars The future of Mars More specifications of Jupiter and Saturn Our little lottery giveaway Order book opening
Online video demo of Mars We made a promise to you all not to take any payment of any device until we could show you a working prototype, well today it’s finally here. Our developers have been working almost round the clock to get this box hashing as fast as possible, we said Mars would hash at 6 GH/s and in the video you can see exactly how fast we managed to make it go. The Mars prototype is as the name suggests, a prototype. As you can see it doesn’t even have a case yet. The performance of our device is, and always will be, more important to us than the look. We know it won’t win any design awards but we are engineering for speed first and foremost. Please have a look at the video which can be found here. http://youtu.be/foeBUcagT2s 100%
The Future of Mars Even with the new improvements of the Mars device it still has a few issues. It’s not anywhere near as efficient as Jupiter or Saturn in terms of $’s per Hash and it will really only mine Bitcoins. To sum up, we don’t think with the difficulty increasing at the current rate it’s good value for money and if it’s not good for you it’s not good for us. We will let our competitors sell devices with this kind of speed so we can concentrate on the ground breaking devices. We know a lot of people have ordered the device simply to gain a queue placement for Jupiter and quite a few people have asked us not to send them the device but to charge them and just allow them to use the queue placement. So given all of the above we have decided that we will remove Mars in its current form from sale. That leaves a few questions I’m sure. So let me try to alleviate your worries, anyone who has a registration for the Mars device will be able to use that queue placement for either a Jupiter or a Saturn, simply order one of those in the our shop with the same email address you registered your Mars device against and we will do the rest. Then there are the people who wanted the Mars device to mine other types of coins, what we will do is produce a new device based on the Mars type setup (with a case). It will be announced fully in the next few months but I can tell a few things today. We will target this new device against all the currencies we can. Not just litecoin, namecoin etc but also many others. The new FPGA based device will then have a much longer life expectancy and produce a much better ROI than Mars ever could. We will also be making updates available to the firmware if and when new types of coins come out. Removing Mars from sale will also free up some of our internal resources enabling them to work on Jupiter and Saturn and hopefully bring the delivery of those devices forward.
Order books now open for payment
The order books are now open for the first time allowing full ordering and payment of the Jupiter and Saturn devices. Everyone already has their place in the queue so we are giving everyone 7 days to pay and maintain that place. If there are any technical issues with our website or payment portals over the next 7 days we will of course increase this period accordingly. Once the 7 days are over we will provide everyone with their final shipping queue placement. We are able to ship hundreds of devices a week using the agreements we have in place with the factories so we still expect to be able to serve the vast majority of customers in September. Unlike others in this industry we will not be doing the assembly in house it will be done at the same professional assembly lines which ORSoC have been using for years. visit www.kncminer.com for more info
Our little lottery giveaway
for those of you who are able to pay in the first 48 hours starting from now. we will enter your email address into a lottery. After 48 hours we will randomly select three queue numbers, the first name chosen will get a free Jupiter and Saturn, the second will get a free Jupiter and the third will get a free Saturn. We will then contact you and ask if we can make your name and country/state public on our site. We will add the devices to your account and ship them free of charge to you along with your order.
Hosting
We will also be offering tailored hosting of our own devices. Hosting packages offered will be specially made for each hosting customer. Please contact us at [email protected] for more information about hosting. Some benefits of hosting:
No costs for shipping/import taxes All costs included no hidden extra management fees Your hardware will be monitored 24/7 by our staff Your box will hash for you on day one 95% uptime guarantee For those of you interested in hosting please choose Stockholm pickup as the shipping method We will release final costs soon and if you want to use our hosting that’s fine, if you want to then have the box shipped you can simply pay for the shipping and we will ship your box instead. What’s next? What we will do over the next few weeks is provide more news on our Website/Facebook page and our Twitter feed. We will send out regular newsletters and keep the news section of our site up to date with all development.
If you have any questions or comments feel free to email us at [email protected]
submitted by vortigan to BitcoinMining [link] [comments]

Herbert Grönemeyer - YouTube bitcoin mining basics. hardware required and best software for mining..  hindi Mercury and Saturn KNCminer Bitcoin BitcoinOrama - KnCMiner - First miners leave, moar ASIC's a KnC Saturn Dies

KnCMiner went on sale: the company decided to cut the price of its mining rigs by as much as 28 percent. The Saturn rig now costs $2,995 and the Jupiter has a new price tag of $4,995. On the other side, the firm also revealed that the Mercury Bitcoin miner has been discontinued. All orders placedRead More KnCMiner has cut the price of its mining rigs by as much as 28%, with the Saturn now on sale for $2,995 and the Jupiter for $4,995. The company also revealed today that the Mercury bitcoin ... Čerstvě vzniklá švédská společnost KnCMiner chystá na září nové Bitcoin minery Jupiter a Saturn. Oba jsou postavené na 28nm ASIC čipech, což zaručuje vysoký hash rate při relativně nízké spotřebě. Stroje postavené na čipech ASIC (Application-specific integrated circuit), které jsou na rozdíl od klasických mnohoúčelových procesorů navrhovány a vyráběny obvykle ... In this KNCMiner Review we dive deep into the company and its products. KnCMiner is developing ground breaking Bitcoin mining equipment exclusively designed and tailored for the Bitcoin market. This miner was conceived in January 2012 as a joint venture between a Swedish chip designer and a Swedish IT consulting firm (Kennemar & Cole AB).The combination of their respective unique expertise has ... KNC miner is a European based mining company. The farm used to produce mining rigs but no longer does - instead they provide cloud mining services. Although these at present are not available or sold out. The Company has recently announced its latest advance - or a 16 nm chip that promises to reduce the power consumption by over 90% and dramatically increase hashing power.

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Herbert Grönemeyer - YouTube

KnCMiner Jupiter - Bitcoin Miner 500GH/s+ 28nm ASIC chips - unboxing and setup 1080p - Duration: 4:18. Florian Uhlemann 131,010 views. 4:18. BitcoinO'rama presents KnCMiner's production line ... Skip navigation Sign in. Search bitcoins ko mine karne ke liye kon kon se software aur hardware ki jarurat padti hai. overall, maine aapko iss video me app sabhi ko bataya hai bitcoin minning ke basic concepts. bitcoin mining ... KnCMiner Jupiter - Bitcoin Miner 500GH/s+ 28nm ASIC chips - unboxing and setup 1080p - Duration: 4:18. ... KnC Saturn Dies - Duration: 3:03. DrSim19 1,666 views. 3:03. How David Goggins Became ... ☢ This miner can mine any SHA256 coin such as bitcoin, namecoin, peercoin, zetacoin, joulecoin, tekcoin, eMark, ASICcoin, etc ☢ Hash Speed: 32 - 40 GH/s ☢ Dimensions: 9cm x 9cm x 7cm

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