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How are miner's in the US looking at powering the 2.8(TH/s)@3kW device?
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Show me where it says they will be shipping the Neptune in "Q1", I have only seen Q1/Q2 and it go to Q2. So having it say Q1/Q2 doesn't mean it will actually ship in Q1 it means it MAY ship in Q1. So your argument isn't valid.
They said closed batch 1 will ship around a month before open batch 1 which will ship around a month before batch 2 which will ship Q2. So they have indirectly said that closed batch 1 order will ship at the latest april if everything goes as planned. Not quite Q1 but very close. Also, there's this interview: http://www.coindesk.com/kncminer-pre-orders-next-asic/Where it's written: "The new boxes, which will ship “end of winter/early spring”, according to co-founder Sam Cole". Winter is defined as december to february, and I can't imagine "early spring" means crossing over to Q2. However he also said: "adding that all specifications given to CoinDesk are pre-release and subject to change." The vernal equinox and the first day of spring is on March the 20th in the northern hemisphere - http://www.almanac.com/content/first-day-spring-vernal-equinox - Q2 starts on the 1st of April. |
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Bid received but not accepted yet considering it over.
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US companies seems to suck...bitmine is about to ship there goes all our profit making  , I would have been lucky to trade 10K Bitcoins for a slice of pizza I'm 100% sure you were not mining with Xilinx in late 2009 Sorry mate, anyone from my graduating class can implement SHA-2 algorithms on an FPGA; it is not exactly what I would call challenging. My background is in Electrical/Electronics Engineering and Computer Science, but my top hobbies include research in Number Theory and Cryptography.  Name: Supercomputing Posts: 83 Activity: 83 Position: Member Date Registered: 21 September 2013, 09:47:51 Last Active: Today at 07:18:50 registered 21 September 2013 and claim to mine Bitcoin with FPGA late 2009, what members in this forum has became..... it just amaze me Congratulations Sherlock Holmes, you've got it all figured out. Now, only if you can figure out Satoshi Nakamoto's true identity, then I will be impressed. In 2009 there was no need to bother programming an FPGA. You could solo mine with a Nettop CPU. I have been implementing crypto and other number theoretic algorithms as a hobby on Xilinx FPGA's since 2001. I already had SHA-2 and ECDSA (binary field) implementations on an FPGA long before Bitcoins ever existed.No you didn't. That is so funny I forgot to laugh, FPGA's and the SHA-2 algorithms existed long before Bitcoin Yes, we all know that, but you weren't FPGA mining in 2009. Come on you're flogging a dead horse now. No one was even GPU mining then. So not only would you have had to program the FPGA you'd have to build your own private mining software akin to cgminer. Which didn't even exist then and didn't support FPGA's over two years after the date you claim. It would have been much more efficient, quicker and easier for you to have invented and implemented the first GPU miner. About a year before anyone else. Then invent FPGA mining software plus program the FPGA. Also, if you're correct, then that makes you the biggest bitcoin holder by far. Due to the amount of blocks you would have mined. To be FPGA mining in 2009 before anyone was even GPU mining plus everyone was solo mining on CPU's you'd have been over 99.9% of the network. You'd be holding more bitcoins then Satoshi himself and must have easily mined over 1Million bitcoins. Stop trying to derail the thread with your fantasies. |
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www.redstarmining.com - needs a good, qualified US based electrician who know's about home wiring and about the connection of the mains street supply into properties.
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US companies seems to suck...bitmine is about to ship there goes all our profit making When I first started mining back in late 2009 with my Xilinx LX240's, I would have been lucky to trade 10K Bitcoins for a slice of pizza I'm 100% sure you were not mining with Xilinx in late 2009 Sorry mate, anyone from my graduating class can implement SHA-2 algorithms on an FPGA; it is not exactly what I would call challenging. My background is in Electrical/Electronics Engineering and Computer Science, but my top hobbies include research in Number Theory and Cryptography. Name: Supercomputing Posts: 83 Activity: 83 Position: Member Date Registered: 21 September 2013, 09:47:51 Last Active: Today at 07:18:50 registered 21 September 2013 and claim to mine Bitcoin with FPGA late 2009, what members in this forum has became..... it just amaze me Congratulations Sherlock Holmes, you've got it all figured out. Now, only if you can figure out Satoshi Nakamoto's true identity, then I will be impressed. In 2009 there was no need to bother programming an FPGA. You could solo mine with a Nettop CPU. I have been implementing crypto and other number theoretic algorithms as a hobby on Xilinx FPGA's since 2001. I already had SHA-2 and ECDSA (binary field) implementations on an FPGA long before Bitcoins ever existed. This is off-topic, but you're saying you implemented FPGA's before anyone else had even implemented GPU's? What miner did you use then as the only mining client was the bitcoin-qt wallet its self  So you implemented FPGA's before anyone else had even implemented GPU's and you even had your own private mining software implemented too. As even the first stand alone CPU miner hadn't been released in 2009. Come on give it up and learn you can't earn Kudos on this forum by making stuff up. If you did implement FPGA's in 2009 you'd be richer than Satoshi himself as you would have mined most of the blocks. While everyone else was CPU solo mining on the bitcoin-qt wallet. Also BTW, all the big fish from before 2011 rarely ever visit this forum anymore. As their too busy concealing their wealth. Money talks, but wealth whispers. |
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US companies seems to suck...bitmine is about to ship there goes all our profit making When I first started mining back in late 2009 with my Xilinx LX240's, I would have been lucky to trade 10K Bitcoins for a slice of pizza I'm 100% sure you were not mining with Xilinx in late 2009 Sorry mate, anyone from my graduating class can implement SHA-2 algorithms on an FPGA; it is not exactly what I would call challenging. My background is in Electrical/Electronics Engineering and Computer Science, but my top hobbies include research in Number Theory and Cryptography. Name: Supercomputing Posts: 83 Activity: 83 Position: Member Date Registered: 21 September 2013, 09:47:51 Last Active: Today at 07:18:50 registered 21 September 2013 and claim to mine Bitcoin with FPGA late 2009, what members in this forum has became..... it just amaze me Congratulations Sherlock Holmes, you've got it all figured out. Now, only if you can figure out Satoshi Nakamoto's true identity, then I will be impressed. In 2009 there was no need to bother programming an FPGA. You could solo mine with a Nettop CPU. |
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I think that knc is waiting the right moment for a big status update on Neptune
They need one. HF and CT are both shipping in full now and Bitmine is due to start shipping on Monday. |
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5.12PH/s and under 7k shares? What is that, 6 milliseconds worth of mining?
I guess the other option would be for them to sit there hashing at 5PH for a couple hours, but that would cause an entirely different sort of backlash. Assembled 5000 or more units to get to 5ph/s, in a day? And testing all at once? Would be nice, but I don't think so. Yeah obviously a fluke/incorrect stat. Like when I boot up a new ANT and for the first 5 seconds it reports 2TH  Agreed. I was just pointing out the 'no right answer' aspect. Regarding new order shipping dates... have they clarified yet? Their website says "Shipping March 3 week", which is amazingly vague... the week of March 3rd, or the 3rd week of March? It say's March 4 week now. Is this the week of the 4th of March or the fourth weeks of March? |
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With respect to Neptune we are where we intended to be at this stage and are still contemplating aspects of the design. Understand that the approach is not the same as that of Jupiter. 28nm was extremely disruptive at the time, of which the effect can plainly be seen. Hashrate was given priority to power consumption, and safety and speed to market even more so, but going forward and acknowledging that power consumption becomes more a critical factor the Neptune has to be created as more a long term solution. We will not skimp or rush the design here. This does not mean I'm indirectly verbalising a delay, so don't go looking for hidden meanings, there aren't any to find, just rest assured I'm stressing we value the integrity of the design more which is why Q1/Q2 was given to ensure that margin is present so we commit the best foot going forward in what is uncharted waters within bleeding edge silicon. We're not rushing the design at the cost of it's ability to function, and function well. The sha-256 implementation is actually relatively simple, but there is still quite a bit we can optimise to remain competitive for you and us.
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The only reason I even put money down on BFL was because for nearly a year they were the only bitcoin ASIC manufacturer with anything public you could put money down on. BFL's ASIC was announced summer 2012. Avalon's ASIC September 2012. Am i wrong? BFL ASIC pre-orders started June 2012. Avalon pre-orders started much later and got to the market much quicker. Keeping my powder dry for Avalon would have been much better than believing BFL's October 2012 shipping date. The BFL pre-orders were supposed to ship before you could even put any money down on Avalon. |
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i think all January batch customers should just get refunds, i don't think theyre going to be on time, why not just fuck them over and flood them with refund requests. Either that or sue for misleading customers.
plato14 - people make rational decisions based on their own self-interests. asking for a refund, when you can't buy anything better, cheaper, nor faster... is what we call cutting off your nose to spite your face. customers don't do things like cancel their order, just to fuck with the manufacturer. especially when the manufacturer won't be affected and the customer loses out. thats not useful or well thought out advice. cancelling and asking for a refund probably won't hurt cointerra either. the boxes could easily be resold. they're still the lowest cost $/gh of anything available. so... I'm not advising to cancel (my own personal opinion is to take delivery and there's upside potential if they improve performance with tweaks over time). ... BUT, despite the fact i don't think its a good idea... (shameless self promotion admitted here), if anyone is actually seriously considering cancelling their january cointerra order, please pm me as i would like to see if we can work out a deal to buy your miner(s). price depends on many factors.. like where you are in the line, and how many you've got on order, but it will most likely be more than you paid for it (in dollar terms of course) Well if they never deliver then refunding and getting your money now would be the best bet, maybe front run another price spike. What is rational about trusting a company that has lied to their customers already, and screwed them all over in the process? You're putting your trust in a company that has already duped you, i don't understand why anyone would trust that they would deliver now. Ill sell you five early batch january for 110 biticoin, thats a 50% discount on what i got them for. LMK hey plato14 thats a difference of opinion... i don't think cointerra lied to us. i think they were optimistic and then couldn't deliver exactly what they promised (and are still expecting to get there over time). big difference. i do not think they set out to deceive.. and i don't think they're trying to deceive now. but i appreciate your difference of opinion and you are welcome to think differently to me. as i said, i will buy any jan systems in dollar prices... the retail price of the boxes was $6000 and i will pay more than that for any boxes that anyone wants to sell. but i appreciate and commiserate if you paid in bitcoins and they went up since you paid. that is, alas the nature of bitcoins. its always going to happen. but thats not my problem and there may be people who paid in dollars who would be happy to sell for a dollar profit. i get it that you won't want to, and thats fine. (i bought mine in dollars, btw) take care -- Jez For the record we'll have a few boxes for $7K'ish too if there's any going  |
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In my best guess HF will only do what BFL did at best and offer customers a discount on a new pre-order for a new product range. Like BFL did with the Monarch for their 65nm pre-order customers. Which they first promised for delivery last October and are now say late March delivery at the earliest IIRC If I remember correctly, BFL first jacked the prices of their miners by 100% and then gave pre-order customers a 25% discount voucher for future purchases to compensate for the delays. Also, the voucher would expire ~30 days after issuance... Yeah, and I never fell for it and luckily put our coins on KNC instead. The only reason I even put money down on BFL was because for nearly a year they were the only bitcoin ASIC manufacturer with anything public you could put money down on. I wouldn't trust HF again if I was a pre-order customer either after what they've done too. Although CT I might still trust so far as they let December pre-order customers move into cheaper January pre-orders at very late notice. Although it currently looks like January CT pre-order customers are going to take a big loss in bitcoin ROI. |
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....
Of course that wasn't the case, so this is speculation.
I am seeing people making a lot of messed up arguments about how spending money on mining equipment is a form of speculation and how it depends on Bitcoin price. It's a straw man which distracts from the real issue: HashFast sold hardware based on an october delivery which resulted in yield projection based on a 2 PetaHash network. They failed to deliver by a significant time-span and the network is now 20 PetaHash and the yield projection is down to 10%. That right there, gentlemen, is the damage done and the only way HashFast can possibly compensate for those yield losses is by eating into their previous, current and future profit margins. In my best guess HF will only do what BFL did at best and offer customers a discount on a new pre-order for a new product range. Like BFL did with the Monarch for their 65nm pre-order customers. Which they first promised for delivery last October and are now say late March delivery at the earliest IIRC |
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Yeah, we could change it to 60% dividends received reinvestment and with a 27.5% dividend payment. With 12.5% of dividends and 15% of capital gains through profitable investing salary fee.
Yes you could, and really take the piss. It's not exactly rocket science for someone to just sell dvc/btc and buy the shares themselves. Unless you issued at a serious discount there'd be zero reason to invest in your fund because upside is (compounded?) part-capped and downside not. Researching stock markets to choose the right stocks is not easy never mind crypto-coin valued stocks. My similar LTC investment fund was very popular and did very well. If the fund is not for you then no one is forcing you to buy. The contract will be very clear and concise. I'm planning on offering this fund for the benefit of the Devcoin community. All the shares to be an initially offered are already owned outright by me and I could make any moves privately with them I so choose. The fees are only being made to make this endeavor worth anyones time involved in the slightest. No one is going to earn enough from those fees to quit their day job anytime soon. |
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Okay, I just found out I won't be able to keep my Neptunes where I originally planned. Do you guys know of any cheap hosting solutions??
what's the final word on change of address if I were to sell my preorder through ebay?
I just came to ask that exact question So will knc change neptune order over to someone else if I sell? - may be offering cheap US based hosting. As they're being shipped to the US there's no sales or import duties. Please leave any interest in this thread - https://bitcointalk.org/index.php?topic=383544.msg4125801#msg4125801 |
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Yeah, it's an investment veichle as DVC is inflationary in nature IIRC. So putting DVC in crypto-coin based stocks would appeal to some DVC investors who want to stay within the DVC markets.
Ok. I wasn't necessarily being negative on a fund level, there was another dvc pass-through with similar inverse dynamics that did well as dvc fell, and would be same for any non-dvc origin investment. 20% management is high, esp if capital returns don't work out. Yes dvc has constant generation to achieve constant funding. Yeah, we could change it to 60% dividends received reinvestment and with a 27.5% dividend payment. With 12.5% of dividends and 15% of capital gains through profitable investing salary fee. |
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At first it would act as a pass-through for 5,000 NEOBEE shares, ~ BTC1.00 of Kenilworth shares and ~ BTC1.00 SFI shares. With 50% of the dividends the fund receives reinvested into more shares and new securities possibly as well. Then 30% paid out in dividends and 20% used for a management fee. The investment fund would be listed on Cryptostocks. I've run a successful investment fund LTCI on LTC Global before its closure. Plus, I founded - www.redstarmining.com - which is now in its third year of operation. I see six shares are reserved for up to four investment business plans. How much is a share worth? So that's basically a bet on NEOBEE outperforming dvc/btc, because fund price would move inversely to dvc price. Shares are a share of dvc generation in each round, so the dvc value isn't fixed until round end which in this case is about 9th Feb (currently ~200k dvc per share): http://dvccountdown.blisteringdevelopers.com/Yeah, it's an investment veichle as DVC is inflationary in nature IIRC. So putting DVC in crypto-coin based stocks would appeal to some DVC investors who want to stay within the DVC markets. |
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If I was to start a DVC valued mutual investment fund would I be entitled to any DVC bounties? If so how many DVC would the bounty be?
What is a 'DVC valued mutual investment fund'? What would it invest in, forecast returns, how etc? There are bounties for businesses and pools http://devtome.com/doku.php?id=devcoin_bounty_nowAt first it would act as a pass-through for 5,000 NEOBEE shares, ~ BTC1.00 of Kenilworth shares and ~ BTC1.00 SFI shares. With 50% of the dividends the fund receives reinvested into more shares and new securities possibly as well. Then 30% paid out in dividends and 20% used for a management fee. The investment fund would be listed on Cryptostocks. I've run a successful investment fund LTCI on LTC Global before its closure. Plus, I founded - www.redstarmining.com - which is now in its third year of operation. I see six shares are reserved for up to four investment business plans. How much is a share worth? |
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Two batch one week one Neptune pre-orders. With a reserve of BTC18.00 BTC16.00 each or both for BTC35.00 BTC30.00. These are from the very first batch due to ship a few weeks before the rest of the batch. Plus about a month before the second batch. www.redstarmining.com who is entering its third year of operation will be selling the Neptunes. The sale will be publicly announced in our thread - https://bitcointalk.org/index.php?topic=63257.0US and UK plus SEPA bank transaction payments possible. |
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