Well, that explains why the people on http://bitcoinrichlist.com/top100 are so rich.

Gotta be a real believer to have that many BTC and not spend it.

Wealth is a relative thing.

Governments are suddenly deciding that printing more money equals wealth, which could not be further from the truth.

You cannot print your way to wealth, as countless countries have found out throughout history, much to their dismay.

So, in theory, the value of BTC could exceed the wealth of the world, if the value goes up by the amount of % that governments are printing, and overshoots by some percentage.

But eventually, it would stabilize.

According to my calculations, for me anyway, each K16 cost $328.29.

Even at $1k a BTC, I am pretty far from ROI, on this deal.

But, it's getting closer every day....and...I'm securing the network, which I'm sure is looking incredibly attractive to attack right now.

Now that's some funny stuff right there ! 

Do you ship to the USA or is this auction only for Europe?

Thankx

I was only joking.

Yes, I am aware what the EU Bureaucratic Bankster Thugs of the European Commission have done to Cyprus, and Greece, and other countries in Europe.

That is why I am a big fan of Bitcoin.

I don't understand what you mean by "invoice required". You're talking about invoice for the bankwire?

How would such a transfer work?

The only reason to order those singles at that price is to sell them on Ebay.

They're going for $3500+ on Ebay....absolutely insane.

They said that it will be shipping and taping out (in a few weeks) when they announced it.

Let's recap, and I'm only using my personal experience here:

I ordered some BFL Jalepenos in June. I freely admit I was naive at the time and just learning about BTC. During that time:

1) ASICMiner has shipped God knows how many blades and block erupters. I picked up a few erupters.

2) KnC miner has announced and shipped their product.

3) The Klondike K16 was designed and fine tuned by the community. It was even shipped, counting Avalon delays, BEFORE I got my BFL order. They are sitting there hashing right now.

4) Bitfury has shipped tons of chips and products have been built on the basis of those chips.

BFL still has not taped out. It's still in  "a few weeks". My Jalepenos are still not here (but I did get a shipped e-mail today, they "shipped" on 11/27)....how can something be "shipped" in the future? I thought "shipped" means it already shipped at some point in the past.

Anybody that throws their money down the BFL sink hole deserves what they get.

So wait a minute.

At .7 W/Gh, and 2 TH/s, 1 TH = 1000 Gh, so the Neptune will consume at least 1400 W of power??...

That would pretty much max out one residential 15 A circuit.

That's a lot of power and a LOT of hashing power as well.

Pretty darned efficient.

Just flashed a K16 miner using the instructions from the website. It took a few tries, but it worked fine. Don't use a usb 3.0 port, use a 2.0 port (or 1.1) and use the usb cable that came with the PickIt3 kit.

This miner was producing nothing but hardware errors, now it's hashing happily along.

I will try to flash some of the half rate hashing miners this weekend and see how it goes.

I don't think the stats are updating again.

Or there something else going on.

Do I need to erase the current firmware to flash a K16 with the PicIt3?

Looking at one of my miners that does not accept shares, and the 5 pads for flashing on the back of the unit (the non-fan side as a reference), only 4 of them have mark on them that looks like they have been rubbed. One looks completely like virgin metal (never been touched by anything 

Ergo, my conclusion is that this particular unit was not flashed appropriately (if at all), and that the firmware on it is at best, corrupt.

Does whatever is on the miner need to be erased first, or can I just overwrite it?

Thanks in advance.

You should talk to my Nigerian associates.

I'm sure that they can transfer the money through Nigeria on its way to Timbuktu and Addis Ababa, and from there to New York and wherever you want.

 

Highly recommend.

Just got 2 more switches from him and the ATX adapters.

I'm excited.

I have a similar problem.

Best solution that I have found is to compile cgminer (I'm using 3.8.2 on a linux machine), with Line 58 and 59, # DEFINA_REPLY_WAIT_TIME set to 25 and the following line (or thereabouts), #define CMD_REPLY_RETRY = 4 (program has it at .
Also change line 63 #define KLN_KILLWORK_TEMP to 61.5 and set your bat file to 350, 55. (This is in the klondike.c file, thanks to Zipju and other people for the suggestion, also check projectklondike.org)

The other trick that I have found helps, is start CG_miner with only ONE Klondike.

Let that run maybe 30 seconds, until it gets up to it's maximum hash rate 5.5 Gh/s or more at 350 Mhz.

Then plug in one more (or two more), connect those to the USB hub, unplug and plug in the little fan connector.

Let those get up to maximum hash rate.

Rinse and repeat. Make a note of the KLN number in CGminer, so you know which ones to power cycle back on if the hash rate is too low. Rinse and repeat again.

Most of the time, that will work just fine. If I try to start up all 10 of mine, all at once, two of them at least will have exactly ZERO work units or accepted units, but will display 5+ Gh/s hashing, just no work units. Highly annoying.

In any case, one or two will sometimes hash at half/hash rate. It is annoying, but they are prototype units and you are on the bleeding edge.

If that doesn't work, I usually throw them on my windows machine and let that screw with it for a bit. Some of them seem to work better on Linux than Windows, others work better on Windows....go figure !

Welcome to high BTC prices.

I have a Belkin 7 port USB 2.0 Hub with 7 miners on it.

I tried my Anker 3.0 hubs and they just do not work at all.

Yes, there seems to be no rhYme or reason to the USB errors. I get a Libusb error after a while when I power-cycle and unplug the miners that do not seem to be hashing. Usually after Libusb hits miner 57 or more.

As I unplug them, and plug them in again, to try to get them to hash, the KLN number keeps climbing. Eventually, I get a USB error, and I have to reboot the mining computer. It seems you get these errors on Linux too.

There is some sort of USB limitation. Might depend on the motherboard (no idea here). But, I'm only running 10 miners on the Unix machine. I have not tried additional usb hubs on it, because frankly, it's a HUGE pain in the behind to power cycle them to make them all work. But, such is the price of...err...BTC.

Not all of mine are hashing at full power, all of the time. It is highly annoying. But, right now I'm running on 8 out of 10 on full power, and 2 seem to be running half bank.

Well, at least they are running. Knock on wood.

Jeezus BkkCoins !

I hope you get better and better by the day!! These things can happen to anybody.

Please let me know if you need anything at all. Feel free to PM me.

The K16 is a reality. I'm sitting here looking at a few of them hashing away.

You did beat BFL. My friggin Jalepenos are STILL not here.


Take care.

If it's not in your hand, you don't own it, you don't control it, and you will be screwed because you are not there to deal with issues.

So at this point I have 4 Klondikes that are not working right.

2 of them accept ZERO work units, and produce nothing but errors, instead of accepted shares.

2 more are hashing at about 2.1 to 2.5 Gh/s at 350 mhz, so that means that only one bank is working.

I have not attempted to flash either one of them, but I did get a PickIT3 just in case off Ebay about a week ago.

So my option is either to flash those, and risk bricking them??

Or sending them back to Steamboat??

I thought I paid for the fully assembled and tested option. Has there actually been any testing before shipping these things out??

4 out of 16 not working right is not what I would call "fully tested".

If I attempt to flash them, and somehow they get bricked (I am relatively competent with electronics stuff), then all Steamboat has to do is claim it's my fault?

Is there a repair/exchange service with the assembly house, Steamboat??

I thought we were paying "top dollar" for "quality US assembly services". Do these things come with a warranty from the assembly house?