KNC was using their datacenter from December-onward. They amassed a mega pile of BTC, they did this for several reasons. One, was to provide refunds to customers on their 2014 projects, because they knew folks would demand refunds. This allows them to essentially return money to the consumer, without actually losing any money from their liquid assets. They also used the BTC to float other ventures, not on the books. And few know the full extent of their projects.

Regardless of any legal action pending against them, they are a step above the normal wealthy folk. They'll do well for themselves for the remainder of their life, because they know how to shift funds and operate a smart business.

Even if I'm wrong about their tapeout process--which is fine, nothing bad about being wrong--they're still well within their time frame of Q3 delivery, which is what I've stood by. Whether shipped in June or August.. or even December, the multiple petahashes are coming.

Re-focus back on AT, it's almost the close of the business day for them and there's still no response back to issues. And you know they're keeping an eye on this thread.

You know the Titans and the Neptunes are on completely different development cycles right? Your statement is based on a few posts, one by a person who doesn't know the difference between a super Jupiter and a Neptune and believes KNC are months behind their Neptune Q1/Q2 shipping date (Q2 ended yesterday in case you didn't know).  Yet you choose to ignore the huge amount of valid posts pointing out the enormous flaws in Alpha's development.

The KNC statement says they will announce FINAL TAPEOUT in a few weeks. Have Alpha announced FINAL TAPEOUT? No. They are still in tapeout. So what gives you the impression they are so far ahead?  They are still trying to stuff more chips in, re-designing the case, sourcing larger power supplies and have yet to get CE certification. On top of that they are going to use "risk lot" chips which brings reliability into question.  But yet you say this "gamble might pay off"?

I've got some great Syrian real estate if your interested. Huge development potential. In need of slight modernisation.......

Personally I have no idea when KNC are going to ship. Q3 would be great. I paid with mined LTC so I'm not wetting myself like some people on these forums. But I do know, with the reactionary, seat of the pants way Alpha operate. I'm glad I didn't go with them.

Did you do any side calculations to take into account the net effect of all AT gear hitting the network? I believe they originally had 2,500 machines selling in batch one--might be off a little on that number. Also bear in mind the other petahashes coming from other distributors in June/July.

Just off the hip, I would've used 20% difficulty hop. This is without looking at any data sheets.

And when KNC's stuff hits the market, the gloves will be off. They're coming out of tapeout on their first gen units, in fact they should already be working with the chips right now to reach their Q2/Q3 delivery projections (I'm personally thinking July/August). Not sure if you follow KNC, but their first gen gear will triple LTC global hashrate. And their 2nd and 3rd batch orders are processing.

I dont know if cancel or go on with the order... dunno

Until a few months ago, QE program in US alone was buying 1trn a year in treasuries and mortgages.

Lol, do you really believe in this freedom and liberty shit?
Bitcoins were created by some very smart people, who most probably are controlling it right now. Who is using bitcoins in real life? Nobody. It is just an artificial medium for  cash laundry, for selling some useless hardware (miners) for very high price.
Many drug  and paedophile dealers are really pleased to have something like bitcoin, so they can do their stuff totally undercover.
That is it. Any mentally  healthy  person would build his business on BTC, any smart person will invest money in BTC  because it is controlled by few people, and you never know what will happen tomorrow: will they pump it? Or maybe sell everything and wave you bye bye?

Just another artificial pump. All of you just need to pray that those few  who are actually controlling the whole BTC market will not dump it all in the next few weeks.

I thought that would be the case last year, but then somehow PPC, LTC and some others somehow rose in line with Bitcoin and increased their own USD valuations by massive amounts.

I see last year as a test that set precedent for the movements of the alts. Of course we cannot be certain this will always be the case.

I believe it is ridiculous to think that in 3 years bitcoin will be
-As big in market cap as the U.S. dollar.
-Fully intergrated with all merchants and all consumers
-Full integrated into wall street
-The currency of choice in the mainstream with all consumers clearly choosing bitcoin over fiat
-All employees salaries are paid in btc, all bills are paid in btc, you pay your rent and taxes in btc, etc.

This is the type of thing that the $1,000,000 mark would imply, and I think it would take a lot longer than 3 years. I think it would take it 10 years at least.

That would mean that the 'trendline' needs some serious adjustment - perhaps it is a different shape altogether than a simple exponential increase.

from reddit:

So far as I know, historically no mining ASIC maker has ever hit their planned energy efficiency targets.  Avalons first chips consumed about 150% of the planned amount, where BFLs consumed 450%.  I don't have numbers for Hashfast and Cointerra but I hear they had the same problem.

I would advise Alpha to prepare for similar results, and to plan accordingly when designing the PCBs.  Use extra copper to make fatter traces able to handle more amps, design in pad provisions to add more voltage regulators and power connectors if they turn out to be needed, etc.  The same goes for the cooling system.

Your belive that you can expand the capacity by factor of 3 from already pumped-up case design is ridiculous. My concerns were about amount of heat generated not about juggling with chip boards. The only reasonable explanation is that they don't have the case yet but that cast a big shadow on July delivery. EU regulations concerning the PSUs is another issue.

I think anonymous currency will eventually lead to the collapse or crippling of the state.  People will just hide their money and they'll be unable to finance the bureaucracy/control grid that gives them the power to do things like that.  So on one hand, the "global ledger" is a severe globalization and possible enslavement tool, but then anonymous currency counter balances that aspect, or possibly overruns it entirely.

Anonymous currency = Atlas Shrugged

What for? You can always use just 1/2 of the chips as you have stated before.

So I've been buying up some MRO at the current low, and I've been watching it closely from its beginnings. The market is doing some unusual things, and I have a tentative analysis. I believe the buy pressure is not being adequately represented in its price movements. I suspect this is because of a combination of two factors:

1. A large proportions of the hash being from botnets (where the operators immediately dump), and
2. The relatively high emission rate.

This creates a disproportionate downward pressure on price that differs from other coins, and which appears to be consistently outstripping buy pressure, despite strong interest in the coin. This is not a good thing, and it may drive the price into the ground. Without the expectation that the price will go up, fundamentals don't matter a bit. Miners and investors will lose confidence and move on.

There is a solution to this: write a GPU miner. In its current form as a CPU only coin, if the MRO market doesn't ramp up buy pressure to consistently match/exceed the expected constant dumps from botnets, the coin will fail. And it's easier to scale up botnets than it is to scale up the ordinary userbase, so this disparity may worsen. Your average GPU miner is more likely to hold than your average botnet operator who's looking for immediate turnover and who doesn't care if the coin lives or dies. Perhaps equally importantly, a GPU miner would massively increase adoption among the community, which is another thing currently holding MRO back.

I know people here may be currently enjoying nice profits from CPU mining, and may not appreciate the suggestion of a GPU miner. Personally I'm more concerned about the longer term future of the coin, and I think Monero has a vital role to play within the anonymity niche. Its fundamentals are good and I'd like to see that reflected in its market performance. I'm willing to put a good chunk of MRO towards a bounty for an open source GPU miner if there's enough support for it.

Has to be.  It makes no sense otherwise.  If not, it seems they were forced to shut down by certain US agencies.