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2741  Bitcoin / Hardware / Re: KNC, 100% of their hashing is currently going into their own pocket. on: October 01, 2013, 12:44:32 AM
Please don't compare long term Swedish business men with greedy no business manners chinese pussies.

Business men everywhere are all the same.  What they do is limited by the laws of where they operate?
If you think otherwise, you are very naive.

If they run business, they run it to maximize profit.  Period.
If they run a non-profit organization, that is a different story.
2742  Bitcoin / Hardware / Re: KNC, 100% of their hashing is currently going into their own pocket. on: October 01, 2013, 12:08:44 AM
I guess I feel a bit left out of all the trolling—

KNC is now mining on their hardware, while customers wait for it to ship:

http://eligius.st/~wizkid057/newstats/userstats.php/17Czc8RVL3FU5T2MLx2zLbRnpfBNgH9vFo

This is, as far as I know, 100% of the KNC hashrate in existence. Pedantically speaking, it means that KNC is violating their 5% commitment.

Testing doesn't involve using the production network. Production mining is unlikely to test finding blocks— whereas testnet, or replays of past found blocks are more complete tests.  Mining on the mainnet increases the difficulty and takes income from customers who are waiting on units that will be late.  Every bit of earlier mining is worth large amounts of future mining due to expected growth.

I do not understand why miners keep funding mining hardware companies that mine in competition with their own customers.


Greed.

BTW, KNC will mine the shit out of the hardware before it is delivered.

Sure they will send out the samples to the most outspoken members, but the rest of Joe Schmoes will have to dust off their units once they receive them.  I don't think it will be as bad as Avalon (borderline criminal in EU, US and Canada) since they do have to deal with EU regulations and laws.

The address we see here is just for the show.  So expect many blocks to be found by unknown IPs if they decide to setup solo farms.

Who will stop them from producing more hardware to mine for themselves?  There are no laws against it.  It makes perfect business sense.
Is it ethical?  Of course not. It is like a brokerage house selling stocks to clients and selling the same stocks short by themselves.  Profit from both.
2743  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: September 30, 2013, 10:02:35 PM
Let's cool down.. I came here to ruin the fun. Bitfury chips are 55nm and do <0.7 W/Gh. KNCMiner chips are reportedly >1.4W/Gh.

I'm just wondering as I really have no idea, how much would an equivalent miner (in terms of GH/s) from Bitfury cost?

$8000 for 400GH/s October delivery.  With 'pencil mod' you can get over 500GH/s.

Actually with pencil mod / changing R01F resistor, you can get atleast 30% more hashrate from the unit.

That is true.  I'm running two cards ~35GH each, so you could tune Bitfury Full Kit to run at 560 GH, but at $8000 it will never ROI, just like
KNC hardware will never ROI.  Maybe the very first KNC orders will.  Next three weeks is where ROI is.  Past that, forget about it.
2744  Bitcoin / Hardware / Re: BFL board project COINTAMINATION - EU+USA facility - ORDERS OPEN on: September 30, 2013, 09:34:42 PM
No they can't be chained... I'm waiting for JJ to agree on all prices... But I would guess that it would cost about the same or same as fully assembled with chips since the price in my assembly is the same. It takes just 10 to 20 second less for pick and place machine... So I don't think there will be a difference. But it will be a difference if you will not put chips on right. So I would suggest not to do that. But you can if you would like to do it.

Lucko,

What is the price for the assembly (for the donors like me)?  JJ, told me $599 with the "discount".  Not sure what that means.

I still would like to assemble 3 boards as I have 48 unsold chips.  But I think I'm getting shafted, being chip donor and all.

Thanks,
af_newbie
2745  Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales now open ***full prototype pics*** on: September 30, 2013, 09:03:48 PM
If you paid in USD Using this Better Calculator below ( In my Opinion ) I see ROI pretty quickly no matter how I change it. If you used BTC then you probably bought these when BTC was 76$ a coin then well ouch.

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=148819199.80509&dcosts=8000&diff_mincrease=20&blpbtc=25&dhsmhs=400000&diff_mincreasedecrease=0.1&btcusd=129.50&dpowcon=380&btcusd_mincrease=0&pcost=0.09&calcweeks=40&dleadtime=1&action=calc

calculate 1.3 coins per day. "What a 400gh Fury makes today"
then drop that 30% every 10 days.

I don't see any ROI.


If you received them today.  Here is what you'd get:


1.3   Tuesday, October 01, 2013   
0.91   Friday, October 11, 2013   13
0.637   Monday, October 21, 2013   9.1
0.4459   Thursday, October 31, 2013   6.37
0.31213   Sunday, November 10, 2013   4.459
0.218491   Wednesday, November 20, 2013   3.1213
0.1529437   Saturday, November 30, 2013   2.18491
0.10706059   Tuesday, December 10, 2013   1.529437
0.074942413   Friday, December 20, 2013   1.0706059
0.052459689   Monday, December 30, 2013   0.74942413
0.036721782   Thursday, January 09, 2014   0.524596891
0.025705248   Sunday, January 19, 2014   0.367217824
0.017993673   Wednesday, January 29, 2014   0.257052477
0.012595571   Saturday, February 08, 2014   0.179936734
0.0088169   Tuesday, February 18, 2014   0.125955714
0.00617183   Friday, February 28, 2014   0.088168999
0.004320281   Monday, March 10, 2014   0.0617183
0.003024197   Thursday, March 20, 2014   0.04320281
0.002116938   Sunday, March 30, 2014   0.030241967
0.001481856   Wednesday, April 09, 2014   0.021169377
0.001037299   Saturday, April 19, 2014   0.014818564
0.00072611   Tuesday, April 29, 2014   0.010372995
0.000508277   Friday, May 09, 2014   0.007261096
0.000355794   Monday, May 19, 2014   0.005082767
0.000249056   Thursday, May 29, 2014   0.003557937
0.000174339   Sunday, June 08, 2014   0.002490556
0.000122037   Wednesday, June 18, 2014   0.001743389
8.54261E-05   Saturday, June 28, 2014   0.001220372
5.97982E-05   Tuesday, July 08, 2014   0.000854261
      
   Total   43.33134006

Numbers look right now kill that first two weeks and give me that total...


Just subtract 43.33-13-9.1=21.23  if received in the 3rd week of October, and 14.86 if received at the end of October.
2746  Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales now open ***full prototype pics*** on: September 30, 2013, 08:55:19 PM
If you paid in USD Using this Better Calculator below ( In my Opinion ) I see ROI pretty quickly no matter how I change it. If you used BTC then you probably bought these when BTC was 76$ a coin then well ouch.

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=148819199.80509&dcosts=8000&diff_mincrease=20&blpbtc=25&dhsmhs=400000&diff_mincreasedecrease=0.1&btcusd=129.50&dpowcon=380&btcusd_mincrease=0&pcost=0.09&calcweeks=40&dleadtime=1&action=calc

calculate 1.3 coins per day. "What a 400gh Fury makes today"
then drop that 30% every 10 days.

I don't see any ROI.


If you received full kit today.  Here is what you'd get:

1.3   Tuesday, October 01, 2013   
0.91   Friday, October 11, 2013   13
0.637   Monday, October 21, 2013   9.1
0.4459   Thursday, October 31, 2013   6.37
0.31213   Sunday, November 10, 2013   4.459
0.218491   Wednesday, November 20, 2013   3.1213
0.1529437   Saturday, November 30, 2013   2.18491
0.10706059   Tuesday, December 10, 2013   1.529437
0.074942413   Friday, December 20, 2013   1.0706059
0.052459689   Monday, December 30, 2013   0.74942413
0.036721782   Thursday, January 09, 2014   0.524596891
0.025705248   Sunday, January 19, 2014   0.367217824
0.017993673   Wednesday, January 29, 2014   0.257052477
0.012595571   Saturday, February 08, 2014   0.179936734
0.0088169   Tuesday, February 18, 2014   0.125955714
0.00617183   Friday, February 28, 2014   0.088168999
0.004320281   Monday, March 10, 2014   0.0617183
0.003024197   Thursday, March 20, 2014   0.04320281
0.002116938   Sunday, March 30, 2014   0.030241967
0.001481856   Wednesday, April 09, 2014   0.021169377
0.001037299   Saturday, April 19, 2014   0.014818564
0.00072611   Tuesday, April 29, 2014   0.010372995
0.000508277   Friday, May 09, 2014   0.007261096
0.000355794   Monday, May 19, 2014   0.005082767
0.000249056   Thursday, May 29, 2014   0.003557937
0.000174339   Sunday, June 08, 2014   0.002490556
0.000122037   Wednesday, June 18, 2014   0.001743389
8.54261E-05   Saturday, June 28, 2014   0.001220372
5.97982E-05   Tuesday, July 08, 2014   0.000854261
      
   Total   43.33134006

$8000/126 = BTC63.5

So full kit is "worth" $5400 to break even.  It should be 4K to make any ROI.
2747  Bitcoin / Hardware / Re: The Chili – 30+GH/s BFL based Bitcoin Miner Assembly on: September 30, 2013, 06:03:31 PM
Anyone is interested in chips?  I still have 48.  16 chips for BTC5.5, or BTC16.5 for all 48

https://bitcointalk.org/index.php?topic=303224.0

Fully paid. Shipping next week.

Shipping to you next week, or in-hand shipping from you next week?

Got email from Jonathon from BFL, my order will be shipped today  Grin
2748  Bitcoin / Hardware / Re: The Chili – 30+GH/s BFL based Bitcoin Miner Assembly on: September 30, 2013, 05:24:12 PM
Anyone is interested in chips?  I still have 48.  16 chips for BTC5.5, or BTC16.5 for all 48

https://bitcointalk.org/index.php?topic=303224.0

Fully paid. Shipping next week.

Shipping to you next week, or in-hand shipping from you next week?

Shipping to me this week.
2749  Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales now open ***full prototype pics*** on: September 30, 2013, 03:33:04 PM
I had posted this in the support thread. I'm hoping to get a quicker response here.

I had been using BTC Guild since I had gotten my miner, and everything was fine up until last night when BTC Guild got hit with a DDoS attack. Since then, I am not able to connect to BTC Guild or any other pool (I've tried 50BTC, Eclipse, and Bitminter). Does anyone have any suggestions? Thanks.

Eclipse is working fine for me.  See if you can ping, telnet to the pool from your miner.  Ethernet LEDs are ok?
If not, re-image the card and try again.  
2750  Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales now open ***full prototype pics*** on: September 30, 2013, 02:30:44 PM
Yes, these are the constraints that punin doesn't seem to have as he is solely a reseller. Hence faster ship times.

Yes, looks like we need another US/NA reseller that is not bound by other commitments.
2751  Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales now open ***full prototype pics*** on: September 30, 2013, 02:21:48 PM
First October orders are already being received in EU thread. Looks like we're getting screwed a bit on timing by a 3-4 weeks. Dunno.. maybe Dave will clarify.
My my calculations right now the boards should be MAX $250 and that would make about 25% ROI (no electric costs), but even that for me is to of a risky proposition at this point.
I am definitely not touching any $500 h-boards at this point. Sad

He emailed me on the weekend.  3rd week of October at the earliest.  But he said that they will try to send out all October orders in October.

I guess his 200TH mine is a priority.  

If KNC starts really shipping orders in October, that bitfury full Kit becomes 4-5K kit overnight.  Then depreciation will depend on the rate KNC adds hashing power to the network.

Once people behind 100TH mine project realize that they need to make that 1000TH instead of 200TH mine,  then we'll not see October orders until sometime in November/December.
2752  Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales now open ***full prototype pics*** on: September 30, 2013, 02:03:54 PM
Looks like KNC came through.  Quick, run for cover, cancel all bitfury orders....

Flood of KNCs are coming in October, network hash rate is going to 4PH, diff to 0.5B

Heck even without KNC, but looking at calculator (the % increase, 30 days 126%,60 days 376%, 90 days 597%) and taking into account pencil-modding new board (EU thread) to 35Gh/s
Is not even going to come even close to ROI at $500 per H-board.  Sad
My $3500 investment (of 7 H-boards) would leave me $1290 in the hole and that's with 0 electricity costs with me starting to mine 1st of Oct.

http://mining.thegenesisblock.com/

I'm seriously thinking about cancelling my order of 30 boards.  At $500 a pop, they don't look too hot even at 35GH/s per board.
I had 2 more orders lined up for full kits, but it is hard to justify the 8K sticker at this difficulty progression.

And from what I hear from Dave, he is planning to send them out 3rd or 4th week of October, at best.
2753  Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales now open ***full prototype pics*** on: September 30, 2013, 12:23:19 PM
Looks like KNC came through.  Quick, run for cover, cancel all bitfury orders....

Flood of KNCs are coming in October, network hash rate is going to 4PH, diff to 0.5B
2754  Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales now open ***full prototype pics*** on: September 30, 2013, 03:57:52 AM
I suspect that nearly every brand of PSU gets made in the same 2 or 3 Chinese factories as every other brand, regardless of label...

True, but certain brands/models get higher quality components and workmanship.  And substandard units get budget labels.  Nothing is wasted.  But "you get what you pay for" is oftentimes true.

Why would someone go cheap on the PSU is beyond me.  This is the most critical part of any system.  A heart that pumps all the blood.
Get gold or platinum Corsair or Sea Sonic and forget you have a PSU.
2755  Bitcoin / Hardware / Re: The Chili – 30+GH/s BFL based Bitcoin Miner Assembly on: September 30, 2013, 02:49:34 AM
I'm looking to Buy another 8 Chips from someone in MrTeals Groupbuys.  Paying 2 BTC for 8 Chips

Send a PM please

I have 48 chips for sale, coming in next week.  Can be yours for 16.5, or 5.5 for 16 chips.
2756  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: September 30, 2013, 02:17:15 AM

I dont mind any minor delays of a few days. Thats not the problem. I dont like the non-existent communication-policy.

We had a on-off communication the last months. Sometimes very detailed then again absent for several weeks. And now its just non-existent again.

Either dont communicate details at all and stay silent or communicate and tell your customers whats going on.

But this inbetween of broken promises (Video, China-Show etc) and silence is just not good imo.

Yeah I agree.....but then again....I'll probably stick with it like the titanic ..(I'm a bfl order of april.....with nothing yet there either so probably looking at November for those folks) the below clip applies


http://www.youtube.com/watch?v=nZIlAExvneo


sigh....but then again....if this all goes to crap with both BFL and KNC I've learned a valuable life lesson...ie

I'm going AMISH screw technology...hot amish girls (who have no media to know they are hot)....clean air...good food...HARD BRUTAL LABOR WITH MY FRIEND THE MULE 12hr days 6 days a week...er what was that last part ...er nevermind....

it is what it is ....should just write this all off ..... look at it simplifying my lifestyle...(ie less $$$) see I'm more 'Zenlike" already

(probably better I have less ego now anyway.....after all this.......(start the denial here........)

Searing



If there is anything to learn about that "Breaking Amish" show it's that you take an Amish off of the farm and they turn white trash faster than you can flip a light switch. 

Not sure Amish is the way you want to go...


Somewhere in between is probably the way to go.  "Modern humans" have infinite propensity to complicate things.  So going the other way, or slowing things down might be the way to go.  Not many "English" folks have the back and balls to go AMISH all the way.  Those guys are real men.
2757  Bitcoin / Hardware / Re: BFL board project COINTAMINATION - EU+USA facility - need samples for one board on: September 29, 2013, 12:53:04 PM
JJ,

Problems with the board?  Have not heard from you in few days?

Please let us know what is going on?  I'm still interested in 3 boards (unless I sell the chips: https://bitcointalk.org/index.php?topic=303224.0).

Thanks,
af_newbie
2758  Bitcoin / Hardware / Re: Avalon turns One years old 28/09/2013 on: September 29, 2013, 12:37:58 PM
What if their gen1 chips are really cheap? Could still be good for the hobbyists and DIY peeps. They better be like 80% off, or priced according to their formula for ROI based on predicted future difficulty.

At this point they would need to pay you to take them -- as in subsidize the assembly cost for the board. Based on my math the board cost alone will break ROI now, and is further in the red 1 month from now when an assembled miner could/would be delivered.



Not worth an effort even if the chips are free.
2759  Other / CPU/GPU Bitcoin mining hardware / Re: All 500 GH/s Miners And Above on: September 29, 2013, 02:45:32 AM
Hi, I was wondering what ALL the 500 GH/s and above miners are. Preferably some that can be shipped out today (not cointerra's unreleased stuff or stuff with BFL's "let's ship this 14 months after the order" policy). ASICs that can be shipped within 1 month of the order that mine above 500 GH/s.

Thanks in advance.

If you want mini rigs, PM me.  I have two running on EclipseMC pool.
2760  Bitcoin / Hardware / Re: The Chili – 30+GH/s BFL based Bitcoin Miner Assembly on: September 29, 2013, 02:33:45 AM
Anyone is interested in chips?  I still have 48.  16 chips for BTC5.5, or BTC16.5 for all 48

https://bitcointalk.org/index.php?topic=303224.0

Fully paid. Shipping next week.
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