I have to agree on this one.

Are we sure there isn't a placebo affect going on here with this unofficial firmware? I read one dude had to go back to the older version cause it was worse. Then others say hash rate is up. Maybe just because of the reboot? I'm using .99 firmware and rock steady on 561Gh/sec. It hasn't moved from there since I changed my power supply to the Corsair RM1000. I use to use the RM850, but that didn't have 4 PCI-E connections. The RM1000 has I think 6 of them. And of course it is silent. I'd love to keep mining but this damn bitcoin crash is driving me nuts. I do call it a crash since it was over $1000 not too long ago. Getting tired of seeing $650, either go up or down damn it!

Crash 

When I bought my miners the price was $150 and I made plans to ROI in 6 months.
$1000 was too good to be true. $600 is fu**ing awesome. $300 would be great.

Quick update......
with new firmware kncminer-0.99.1-tune_October.bin in my October machine significant improvement, and looks with more time will be even better.

just a few minutes running and hash rate up 10GH/s and HW errors down only 1%..  will look better with more time
I report back in few hours, but looking great to begin with.

Thanks again
Cheers

not quite, 975TH/s reported in my browser.
but still needs an update all the same.

*facepalm* Ok, one by one...


Bitcoin is rare at every point in time between now and 2140. Right now, no more than X bitcoins can exist. Period. Tomorrow, no more than X+3,600 bitcoins can exist. Period. Their supply is constrained, and thus they are rare, unlike, say, USD that can theoretically have an unlimited supply and created in any arbitrary amount at any point in time.
Using your claim, I can say that gold is not rare, and its "rarity" will not be reached until all the gold in our solar system is mined, which will likely be beyond 2140.


Plenty of metals do not rust, do not turn fiingers green, and last for a very long time. Like Aluminum for example. Or brass. The only reason hold is worth more than those other metals is because it is rare, aka limited in supply.
Likewise, Bitcoin is used because it is decentralized
Unlike fiat, bitcoin has no counterparty risk
Bitcoin makes better money, because it is not based on debt, and can be programmed to do things money by itself can't.


At over 20,000 different merchants. Thanks to services like Gyft, that even includes Amazon and Target, where you can buy almost anything you need.


Yep. From Burger King, Red Robin, Applebees, TGI Fridays, and directly for a bunch of restaurants around the world.


Yep. There are plenty of bars around the world that accept bitcoin directly. One just started taking them in Baltimore just two weeks ago.


Walk into a Burger King, and give them this proposition. IF they do take your gold, chances are you will severely overpay for those things, compared to gold's actual exchange rate. If only because it's a pain in the butt to convert gold back to fiat.


And this is why you fail so embarasingly bad. You are making the typical mistake of looking at bitcoin as a funny internet currency, and are not even bothering to look at where it can be spent, let alone what it can actually do.
First of all, at the moment, I can basically live off of bitcoin entirely, and aside froom having to use my credit card for gas, I actually do, as do many other people. And second, bitcoin is not a "currency," it's a globally distributed asset ledger. We can use bitcoin coins as currency, or we can use bitcoin coins as tokens to represent something else. Think of ANYTHING that requires proof of ownership representing an asset. Title to a house or a car, gold backed currency, commodity ETFs, stocks, bonds, you name it. All of that can be linked to a fraction of a bitcoin, and be traded on the blockchain directly, making the jobs of notaries, trust lawyers, title storage services, investment banks, brokerages, and many other financial system positions obsolete. Until you realize this, you don't understand what bitcoin even is, let alone what it is worth.

Thanks Orama very thoughtful and nice xmas present to do a little tinkering with.  I'll update it now and report back after 12 hours of running it.

Merry Christmas to you, KNC team and all here on bitcointalk.
Cheers to all 

Mainly the reduced hardware errors on Eligius and the inclusion of the latest release of CGMiner. TBH it's not a complete update, we wanted to give you somerthing by xmas. V isn't happy with labeling it as a complete release, but it's almost 8pm (not 7pm, damned machine clock, argh!!), as he is still to tackle something before he's entirely happy with calling it an update. It doesn't have the additional tuning kit mentioned prior. Mainly Nov boxes will see the greatest benefit.

In any case as always constructive feedback appreciated, enjoy! Happy Hols...ho ho ho!!

How about instead of hating- if you don't like the price don't buy. As simple as that.

wohooo 1000+ TH/s  OP needs an update. 

how should that ever work
you need much more buyers in the 1-10 range, than in all others together...
Or did I missed something  ?

thanks cxboyminer, I give it to you for trying.. well done.
but how many do you have to sell of the smaller amounts to be able to sell the 51 - 100 lots at 0.065 ?

I'll buy any amount from 51 to 100 if you can get the numbers to fill the smaller lots.  BTW, I'll pay in BTC.

everyone should put in their interest and see it the numbers are achievable