It's quite laughable, 4PH/s of obsolete 110nm Avalon chips with no chance of ROI, probably wont even cover power costs. What were they thinking? What sort of a business plan is that? I know, more must be better! |
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It was almost like Cointerra was reading this thread. Did you notice the 2Ths machine they're preselling just dropped to $13999? They see that although difficulty is rising quickly, KNC owners are going to be relatively flush with BTC around Christmas time. If KNC over-delivers and a lot of customers get their miners in September, or if the KNC hardware 'over-deliver' and prove to hash signifigantly faster than advertised, it will be even better for Cointerra. KNC is announcing a temporary cease-fire, right when their customers will have enough BTC mined to afford more hardware and their customers will see the need to increase their hashpower the most.
If both KNC and Cointerra can deliver on their schedules, Cointerra may be putting some nails in the KNC coffin. Remember, I have a Saturn and Jupiter on order, so I really want KNC to succeed, but it seems like their winter embargo could spell their doom. Yesterday I needed $15750 to buy 2Ths from Cointerra, today that's dropped to 14 grand. That's like getting 5 Jupiters for $2800 a piece. Not a bad deal.
I would love to hear about Gen 2 from KNC, but they are generally very tight lipped until things are in later stages. Cointerra may never materialize, and I certainly don't have the same confidence in them as I do in KNC, so I won't pre-order a unit. I would love to remain loyal to KNC, but they need to act in a manner than makes me feel confident in them beyond my initial purchases.
Lets get back to reality here: Who cares what the inscription on the board reads, I wanna make enough BTC to keep buying miners from KNC.
It's price war with no product! When you have stock on hand you can run promotions and offer bargains to move it, when you have no stock it's rather pointless. The winner will be the one that ships in volume before the other. The net hash isn't going to rise on vaporware, so don't worry about that yet. |
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It is completely out of control and is unacceptable.
It's time to split off the threads and make the subforums suitable.
I suggest renaming "Custom hardware" to "Custom hardware development" and adding another hardware subforum "Vendor customer discussion"
I don't think juggling the subforums will have much effect, you will still have anarchy and 90% of the posts being off topic. If the mods don't want to mod, then you need a system where the people can mod by vote. eg. by a score on the post, and the ability to hide posts below a certain score. |
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Sorry I do not have the time to go through 25 pages of text but are the loose chips still available for purchase? IS the estimated delivery time of the chips supposed to be October?
Try reading the first post. |
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From what I know the invoices# and not the orders# themselves are for the monarch pre-order, as my original orders from back in 2012 would indicate. Those orders do not have an invoice associated with them. There is an invoice # even if not paid. You haven't explained how you reach the conclusion that 1,800 invoices = 1,800 paid orders. BFL uses bitpay which generates a unique invoice number for every payment request. For the record the invoice when checking out now is #100075776. How many of those are paid orders? Who knows. I have several invoice numbers on BFL unpaid as I was too slow before Bitpay timed out. The number of paid orders is way less than the invoice numbers would have you believe. I even emailed BFL and reported the invoice numbers that didn't get paid so they could delete them, and they replied and told me just to ignore them. |
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Sadly BFL stuff is not easily overclockable. I'm averaging about 715Gh/s from 1 minirig SC and 4 Singles(think 12 singles), but they're *HOT* and require 10x the attention the 9 Avalons do. I have two AC units cooling them(32k BTU) and they still overwhelm the ACs during the day.
How did you overclock your singles to 89GH/s per board? He didn't, your math is wrong that's all. Minirig 480GH/s, that means 235GH/s from the 4 Singles. |
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I'm here from longer than you and i know for sure that almost everyone lost money on mining except:
1) Chip makers
2) Josh
3) Avalon batch 1 (september)
This is why i can't stand to this anymore. Why do we need a forum to discuss how we get stolen, without discussion the people who stole us?
I am not ready to say that I lost money. I paid about 56 BTC. I was one of the last dozen or so in Batch #2 Avalon, and I only started mining on July 9. What has your post got to do with the topic of this thread? Take it elsewhere please. |
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Can't help but laugh at bfl still trying to put on a brave face. Really once you've used avalon I'm not really sure why anyone would bother with bfl. Whether they can be trusted to produce is not really a question of interest when they can't produce when they say they will. Until they have that trust they will always be in the shadows of avalon.
How are those batch #3 Avalons coming along?  Doing well it seems, some people are reporting 95GH/s from them. 95GH/s mining now, is quite likely worth more than 600GH/s mining in Feb 2014. |
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all withdrawals except BTC were enabled
Is this true? When I try withdraw ZET is says transaction completed but then nothing happens - I do not get my ZET and they still on my account - nothing happens. Can someone confirm? Try reading the obvious notice at the top of every coin page. IMPORTANT: maintenance mode, most parts of the site won't work during that time, including all withdrawals and trades.
Please allow up to 24hrs to secure your balances and restore a solid service.
In the mean time, please follow @coinexpw twitter account to get all the latest updates on status of the site and also check out this and this. Thanks! |
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What people are prepared to pay at auction is not a good way to judge the market, there will always be some people that can't spell ROI. The long time until delivery makes the current price only just practical, any more and it's pointless unless we see a substantial rise in BTC/USD to compensate for the expected diff increases.
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BTC/USD just hit $131.88 on Gox, that's the highest it's been in ages, what's going on there?
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If the price of coins doesn't go back up then any future coins (bought or mined) share the same lower value. Mining isn't better (or worse) in that respect.
All that matters is value of miner in BTC vs amount of net BTC mined (gross BTC mined - electrical costs) over the lifetime of the rig.
If you buy a 10 BTC rig and it generates a lifetime revenue of <10 BTC you are worse off than if you just bought coins. As others pointed out in the thread there are non-ecnonical reasons why some may choose to mine at a small loss (anonymity, help decentralize the network, hobbyist/experimentation, etc) but that doesn't change the black and white of a loss vs profit.
Most ASICs are priced in USD, if the price of BTC/USD doubles one day, and I use that peak to purchase an ASIC miner, then the price drops back to half the next week, I might only have to mine half the BTC to make ROI than people that bought a week either side of that peak. eg. If I ordered a $274 BFL Jalapeno when BTC/USD was $266 on April 10th, I only need to mine just over 1BTC for ROI compared to people that ordered at $54 on April 12th. who now have to make 5BTC for ROI. The cost of the rig is not always a constant BTC figure. Secondly, the people that mined their BTC back in 2011, were able to purchase rigs that were priced in BTC like the Batch#2 Avalon, with BTC that were dirt cheap to mine. I use to get well over a BTC a week from a single HD5770 card I pulled out of the trash can and stuck into a linux box. So the point I am making is the concept of ROI is different for each person. |
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I would love to see FTC/USD currency pair, FTC has a higher market cap than XPM which you added XPM/USD to.
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Well, how hard is it to download an AMD 6990 or 7990 GPU pic and slap some BFL logos on it and move the fan to the rear?
The Monarch pictures are obviously CAD renders, and not photos so I don't know what you are suggesting. As a side issue the AMD 7970 GHz and several other video cards have the fan at the rear, so it's already a proven cooling technique. http://www.amd.com/us/products/desktop/graphics/7000/7970ghz/Pages/radeon-7970GHz.aspx |
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You don't know that, you have no idea what the BTC price will be at the end of September, nobody does.
The BTC price doesn't matter very much. It only affects the price of electricity in Bitcoins. Otherwise, everything else stays the same. You do the ROI calculation in Bitcoins you compare buying a miner to buying Bitcoins directly. Only if you want to distort the calculation, KCNminer price their products in $USD not BTC therefore the ROI must also be calculated in USD. |
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The problem here at forum is that some people fight with other people and not fight with the factories which had take our moneys
Nobody can roi with knc miners
If these miners deliveried at end of September the good scenario
You don't know that, you have no idea what the BTC price will be at the end of September, nobody does. |
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I did also throw a bit of hardware at this problem. I doubled the CPU and Memory on the DB server.
For good performance, you need enough RAM to cache the entire MySQL database. If not, it needs to be on fast SSD. Also check that you have forgotten to index important columns. |
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Workers are disconnected too
Meltdown! |
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Someone who is heavily staked in low GHash ASICs will try and create a new SHA Alt coin, to attract all of the people who were left behind by the next gen asics. Same thing happened with GPUs and 1st Gen asics. The Scrypt Alt coin craze began to draw in all of those BTC Miners who didn't want to sell off their GPUs at next to nothing to buy promises of ASICs that would come in a year.
That will probably work to some extent, if you look at the profitability charts, you will see a LOT of scrypt based alts that will get you more than twice the BTC per day that just mining BTC will. The only main offerings on SHA256 alts have been PPC and TRC, not really successful, but ZET is looking ok, it 143.54% BTC on Coinchoose atm. ZET just listed on Cryptsy a few hours ago, so it's still finding it's market price. If you are going to mine it don't dump insane amounts of ASIC onto it and screw the block chain like TRC, bring it up gradually if you want to preserve the price of the coin. |
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The idea of using low-powered unprofitable equipment to "support" or "protect" the network is flawed. Hardware that is no longer profitable to use for mining will probably not have a significant contribution to the total hash power of the network.
Imagine if all the GPUs started hashing again. They would contribute at most 25 TH/s, or less than 5% of the current total hash power.
It would be closer to 50TH/s I think. If you add up the hash rates of the scrypt coins on Coinchoose, and then multiply it by 1000 for the approx scrypt to SHA256 conversion rate, you will see what I mean. That's still only 10% of the net hash. GPU's are not a good example, as they chew a lot of power, it's probably more relevant to talk about the 110nm Avalon and ASICMiner chips out there. No ROI on batch #3, Block Erupters etc. but 110nm represents most of the current net hash. There is nothing wrong with the 110nm ASIC tech except it was sold at a ripoff price to early adopters. That stuff could easily be pumped out below $10 per GH/s. to make it competitive again. |
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