Definitely. I don't use Bitstamp but I use the other 2. MTGox is the most volatile definitely.

Honestly, getting into the mining game to be profitable is a ship which sailed a couple months ago, unless you can find a stupid good deal on equipment. I've been lucky to do so lol

I can't cite my source but I can say it's reliable to say that their order queue for first batch is near their maximum capacity for production. They had an order blog up at some point (not sure if they still do), but there were some huge orders on there, saw some single orders for more than 100 units.

My KNC order prediction was very much on point, as has our difficulty estimate related to orders coming online, the past few times.

Like I said about 500 pages back, when KNC comes online (as they have) difficulty is going to skyrocket, and keep doing so, and when Cointerra (and Hashfest if they ever do) comes online, it's going to cause eyes to pop.

Their 2nd batch is already sold out too i think, and they're almost full on their 3rd. They're using a mostly-automated production line, several of them.

They're the "KNC of America" as I've said before, except they've taken an even more hands-off approach. Chip design they handled, overall product design they handled, they outsourced everything else: Power, Cooling, Assembly, Shipment, etc.

But see, that's just it--is it looking out for the customer's interest to hold their product's shipment until a time which they determine is best?

They said at the beginning they would offer the first-gen folks special discounts/vouchers for this very situation, and for every generation after, ship immediately (as soon as realistically possible) unless they were the only ones influencing the network, in which case they would hold product. They're no longer the only ones influencing the network, and should simply be constantly shipping. Products should be discounted heavily every generation after. 100GH units, for example, are being projected to be worth less than $100USD by March, in some analysis markets. They're doing this in one way by giving us more hashing power. But still.

On the topic of Swedes, I like Swedish businesses, they are very straight shooters and really go out of their way. I really admire their culture as a whole.

The idea of protecting the network is, at best, idealistic and ephemeral. They're just delaying the inevitable, the continuing difficulty rise. The sooner difficulty plateaus the better for everyone. Network protection comes from diversified hashing, not slowing down shipments.

I believe it's a method for them to simply not have to worry about parts acquisition delays and production delays, the 'protection' mantra gives them 'spare time'. It's a smart move regarding a business angle, I'm not knocking it.

Just saying, "protecting the network and its miners" is really out the window. It's a wet noodle being waved in the wind. Just ship equipment as it comes through and let the system manage itself.

Cointerra sure as hell isn't going to delay. 25,000+ first batch units on a mostly automated assembly line. That's going to kick a lot of people in the dick when they wake up one day and see the difficulty jump the maximum allowable.


Yes, they are serious but it's not their primary focus right now.

As I keep iterating to people, cooling is more important to these units than power. Most any PSU delivering more than 100w per blade will work fine, but they are VERY finnicky about temperature.

The best cooling method is to have the fan blow across the cooling fins, instead of blowing directly on top. Whichever method you use, just make sure it's working.

Also, look into using BFGMiner as the proxy, it's better than Slush's.

That can happen which is why it may be good to run several bots to hedge yourself. Additionally, frequency of trade is important. If your bot is higher frequency in a market as you described, you'll get hurt. If you adjust it so it's less frequent/sensitive, it may not be as hurt.

Case in point, I had some erosion trades last week. I monitored the market and was trying varying settings out to help fight the issue. I found some settings I like, and I run different bot instances for each exchange, allowing me to use settings unique to each. This fixed my erosion issue, and during the next sell I'll be making another decent profit.

I already suggested to Pablo that there be a way we can keep settings we like stored in the bot, maybe with a drop-down selector, to make it easier to switch between them.


There's plenty in this thread if you look throughout it. I have too many to post any one single good setting, I would suggest starting with what Pablo suggests.

The network protection plan seems more pretentious than anything, at least to me.

People pay BTC for equipment, which is then held until KNC seems fit, in order to prevent difficutly from going up? That's just the nature of the beast, let it do it's thing, and stop trying to mini-regulate a portion of the network.

Meanwhile folks' money is sitting in limbo. What would be better is to discount the product heavily, and give former customers a voucher of some sort, which is what they said they would do originally.

This is probably my #2 of only 2 complaints about KNC, the first being a stance against on-hand product.

This has been asked a few times, the spirit of the answers seem to indicate they won't maintain any "stock", they simply fulfill orders "quickly".

Orama, well whenever you guys want someone to preorder scrypt units or need a US tester, I'm here

Here's another capture of my mercury going at it. It spent about 10 minutes above 200GH, this was a capture about a minute into it.



These little buggers are amazing.

No inside info, just lots of digging and putting pieces of the puzzle together.

Going along with what Phoenix said, does anyone have a module they're willing to part with for no mega markup? I have a mercury who would love a sister board.

All you had to do was some simple math.

In one of my other threads we make educated guesses on difficulty increases, and so far we've been spot on.

If you think it's bad now, don't go look at the difficulty guess thread for the end of December lol..

You could mine alt coins, they will still be profitable against BTC in the future. Beyond that who knows.. I have no doubt something will come up to use them for.

If nothing else you could sell to me for cheap

You know, if people would buy a BTC or 2 when they place these orders, by the time their orders arrive they could sell the BTC and make a profit (based on the past few months' performance). Then you've made some money back during the wait, and "all would be well".

I mean, I understand the frustration, but the mining game isn't necessarily one for folks to be in if they're going to bite their nails over a day or 2 delay. Not saying it doesn't suck.. but c'mon. This isn't BFL where you're waiting quarters and half centuries, this is a few days delay.

Ya'll should be happy, I couldn't even buy a module for my mercury.

For those asking:

Here's a screenshot from a little bit ago, the chip is running at 56.5*C



I've seen it spike a few times into the low 200 range, after a few spikes over 200 it kills my putty session, but it's still mining and I can re-ssh into it without issue.

The high and averages have gone up 10GH for me with .99 firmware.

Just figured I would report my results with the .99 firmware. It's been running stable since yesterday when I upgraded.

My mercury was running .96 prior, ~141GH most of the time.

With .99 it's been averaging ~155GH with dips into the high 140's.

Awesome work KNCMiner, thanks! I wonder if I will see 175 or 200 in the future? Lol

While I haven't had that issue, have you guys tried just moving the module to a different port? Old school but might do something..

It's curious some folks (myself) are getting payouts, and others aren't. I know VIP members and certain others, are ahead of the queue for payouts/verification. That's why I asked since it may make a difference.

I'm about to get another payout soon.

I've had good consistent results with slush and ozcoin. ozcoin offers POT pay method which is neat because if you're the block finder, you get more payment than others. Slush seems to have the least website issues. Most of the established pools will provide you with the same consistent payout anyhow, once variance and other factors are examined.

With 1TH, I would solo mine for a week for giggles, you might be surprised.