Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: mackminer on February 19, 2014, 08:32:32 AM



Title: Network hasrate gone way up!
Post by: mackminer on February 19, 2014, 08:32:32 AM
I assume somebody has shipped their new ASIC's. Any details?

Thanks.


Title: Re: Network hasrate gone way up!
Post by: S4VV4S on February 19, 2014, 10:18:26 AM
Well, I don't know if they have started shipping yet but I pretty much believe that they are in "testing phase"

http://eligius.st/~wizkid057/newstats/userstats.php/1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X

http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX



Title: Re: Network hasrate gone way up!
Post by: InCoinsITrust on February 19, 2014, 01:14:46 PM
Maybe BFL is starting "testing" ?


Title: Re: Network hasrate gone way up!
Post by: de_ixie on February 19, 2014, 01:22:16 PM
Well, I don't know if they have started shipping yet but I pretty much believe that they are in "testing phase"

http://eligius.st/~wizkid057/newstats/userstats.php/1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X

http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX



First one is highly likely KnC "Plan B" Farm


Title: Re: Network hasrate gone way up!
Post by: baller1 on February 20, 2014, 04:46:25 PM
2nd one has been speculated as KNC for awhile. and they've never denied it. It's assumed they've basically taken all their 28nm overstock and started mining. (Don't think that's their only address and pool they're using also)

Shadily Staying in compliance with their posted "promise" of not selling any products until Neptune to keep original purchasers ROI possible, and those interests in tact..  
Unfortunately mining for themselves instead, which completely undermines (no pun intended) this.  Even worse so.   And also flies in the face of their "promise" of never mining more than 5%.  Could be speculation, but it is interesting they've been mum on the whole subject.
Lies and more lies more likely.

Funny thing is KNC will most probably be regarded as a worse company for BTC than BFL when all the dust settles, although I'm sure many buyers who got left stranded will disagree..

KNC is completely skyrocketing the hash for short-term gains, while BTC price stays stagnant and declines, making people less and less interested in mining for themselves and spreading the network more evenly, and across many points, something essential to decentralization if you ask me.  The future will be centralized hot spots of hashing power, whether state backed or backed by investors.  Who will give out cloud shares as they seem fit and at their price.  Essentially another version of a hierarchical bank, bonds, or better yet a public stock.


Title: Re: Network hasrate gone way up!
Post by: frank754 on February 20, 2014, 07:06:06 PM
It's a shame that mining is getting less and less profitable for the small miner. Now that the price is way down, I'm only making about $3 a day with my cube miner, and it looks like a 24% diff increase in 8 days. Makes me almost regret getting into it. It's going up for sale on Ebay in another 6-8 weeks if things don't improve with the BTC price, at least folks are still paying $300-400 for them. At least I plan to keep my 3 GPU rigs, they are netting almost $400 a month combined on altcoins, but the $80 or so extra on my electric bill really sucks.


Title: Re: Network hasrate gone way up!
Post by: frankenmint on February 20, 2014, 07:15:22 PM
It's a shame that mining is getting less and less profitable for the small miner. Now that the price is way down, I'm only making about $3 a day with my cube miner, and it looks like a 24% diff increase in 8 days. Makes me almost regret getting into it. It's going up for sale on Ebay in another 6-8 weeks if things don't improve with the BTC price, at least folks are still paying $300-400 for them. At least I plan to keep my 3 GPU rigs, they are netting almost $400 a month combined on altcoins, but the $80 or so extra on my electric bill really sucks.

so you've netted more or less 220+ dollars a month for a little extra heat and a 1 hour a day to monitor it and you're still complaining?


1st world problems  :-\


Title: Re: Network hasrate gone way up!
Post by: frankenmint on February 20, 2014, 07:17:21 PM
I assume somebody has shipped their new ASIC's. Any details?

Thanks.

money invested in hardware was bound to make this happen anyway, why complain?


Title: Re: Network hasrate gone way up!
Post by: DrG on February 21, 2014, 01:34:08 PM
2nd one has been speculated as KNC for awhile. and they've never denied it. It's assumed they've basically taken all their 28nm overstock and started mining. (Don't think that's their only address and pool they're using also)

Shadily Staying in compliance with their posted "promise" of not selling any products until Neptune to keep original purchasers ROI possible, and those interests in tact..  
Unfortunately mining for themselves instead, which completely undermines (no pun intended) this.  Even worse so.   And also flies in the face of their "promise" of never mining more than 5%.  Could be speculation, but it is interesting they've been mum on the whole subject.
Lies and more lies more likely.

Funny thing is KNC will most probably be regarded as a worse company for BTC than BFL when all the dust settles, although I'm sure many buyers who got left stranded will disagree..

KNC is completely skyrocketing the hash for short-term gains, while BTC price stays stagnant and declines, making people less and less interested in mining for themselves and spreading the network more evenly, and across many points, something essential to decentralization if you ask me.  The future will be centralized hot spots of hashing power, whether state backed or backed by investors.  Who will give out cloud shares as they seem fit and at their price.  Essentially another version of a hierarchical bank, bonds, or better yet a public stock.

I think KNC would have to start a war or kill a few people to go below BFL's public standing.