Wednesday, 16 October 2013

Interview Johan Rilegård, KnC Miner

Johan Rilegård mit einer KnC Jupiter
Am 19. Oktober wird Johan Rilegård von KnC Miner zu Gast auf der nächsten BXB sein. Dieses Interview haben wir mit ihm auf englisch geführt und für unsere internationalen Leser so belassen.

What exactly does KnC Miner do?

KnCMiner develop and sell products and services within the crypto currency industry. Our first product is a 28nm ASIC Bitcoin mining machine performing 550 GH/s. We also offer our customers a high quality hosting service together with a mining pool.

What is the background of the KnC Miner's founders?

We are all from the tech tube of Stockholm, Sweden. Our experiences are from the electronic hi tech industry and from finance technology. Together with our history of running fast growing companies, this has turned out to be a perfect mix of expertise.

What do you do differently than your competitors?

KnCMiner is the first company designing and shipping a 28nm ASIC bitcoin miner, and we did it in record time. We have built a company that is truly professional in all aspects of importance for our customers; we have the best engineers and we have an outstanding customer service team, really engaged in their work, taking care of all our new and existing customers. Another thing that I think different us from many other companies in this industry is that we have tried to have quite a low profile, only presenting data we can keep up to. I’m quite sure this is not the strategy of at least some of our competitors.

You will bring a Jupiter machine to Berlin, can you give us some facts about it? For instance: how many Bitcoins does it generate per day at the current difficulty?

Yes, I will present a Jupiter hashing at approx 550 GH/s. Due to the structure of bitcoin mining, and the difference from different pools it is impossible to say how much a device generate a specific day. Counting on the difficulty level per today I would say our Jupiter will in average mine over a BCT per day.

You have started shipping last week, how is your experience so far?

The overall experience is awesome. Our customers are of course very happy to get their devices and stat mining. Our plug and play functionality has helped most customers to be up and running quickly with no problem. We wish we should had higher output from our factory from day one to be able to ship even more devices, but over all things have gone quite ok. There is of course also a new kind of question coming in to the customer service now when we shipped, but our team is keeping up very well to support all customers.

Which problems did you face during the process and how did you overcome them?

Unfortunately we have experienced some issues. The first one was related to stability of the devices which of course worries many customers. This has now been fixed thanks to firmware upgrade. The second one is related to factory capacity; we were not being able to produce and ship as many products as we aimed for the first week. Anyhow, this thing is also sorted out by adding another production line and the products are now stable and the shipping is on full speed.

How were the client's reactions?

In general people have been very understanding, but of course there are always people that are not. As long as the absolutely majority is happy with our products, services and support I believe we are on the right track.

What are your future plans?

KnCminer will continue building state of the art bitcoin mining products. We will also increase and improve our hosting center to be able to take on more customers. Within a not too far future I believe most mining power will be hosted, especially when miners require water cooling… this is not very suitable for home storage.

Mining is getting more and more difficult and the hardware you sell today will probably be obsolete in a few months. What would you recommend to someone who wants to go into mining? Under which circumstances does it still pay off?

Yes, right now the difficulty increases quite a bit since we are shipping our October orders. But the beauty with this system is that it is self-regulated. If the difficulty rise quicker than the value of bitcoin people will stop mining and then the difficulty will stabilize, or even drop. I recommend everyone who plan to buy a mining device to really do their homework. It is quite easy to do the calculation. I mean, nowadays you do not have to worried if you going to get your devices or not since there are players actually shipping, the only unknown figures are the difficulty level and the Bitcoin exchange rate, but you should be able to do a proper calculation.

2 comments:

  1. they o not have customer support. the rigs are often faulty and it is impossible to make returns on investment given the difficulty rising. avoid like plague

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  2. I disagree...I purchased 2 perfectly working miners that were delivered as promised hashing at 560GH/s with little errors.
    While some other manufacturer have not event started production on miners preordered 18 months ago.
    Yes, a few folks might have had some problems, but so far I don't think anyone else has been able to deliver like KNC did.
    They are the king of the hills on my books.

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