That. Is. AWESOME! lol, I see you have some 750W PSU's dangling there, how many chilis do you run off each one? again, I'm being serious, I really love the "art ghetto" design. I assume it's highly functional?  It is highly functional, these babies produce a lot of heat though! We run 3 chilis off each of the PSUs, we could probably put 4 with no issues but better safe than sorry. |
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Small Preview of ~60 chilis look like on a rack.  |
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I just assume Lab_rat has his hands full... Thanks!
Maybe true. But imagine telling that to anyone that doesn't get the memo, and their bonds get "absorbed". I assume that when the timing gets close he will announce the bondholders that haven't confirmed with him giving them even another chance to do so. |
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5% is 5%... Where does it say that's just for NMC? The top of eligius page says 105% pps, and doesn't specify NMC only on that. in the end, it's not 5%. Dishonest or misleading at the very least.
It doesn't even say on the Eligius homepage anything about % PPS or anything about NMC for that matter yet because I haven't had a chance to update it. The forum thread here is titled: Eligius: ASIC, no registration, no fee CPPSRB BTC + 105% PPS NMC, 877 # This is in no way misleading or even ambiguous. It says 105% PPS NMC, and the pool pays exactly that with roughly daily NMC payouts. -wk Phoenix1969 thought eligius would pay him 105% PPS overall, something only Pirate ever did to launder his ponzi.
What eligius apparently does is pay 5% extra on NMC. I guess Luke has tons of namecoins ?
Eligius has a huge buffer of namecoins, yes. That combined with not everyone desiring to be paid NMC makes it easy to provide 105% PPS for NMC. Thank you for explaining that Wizkid much appriciated. So, NMC is 105% and BTC is 100% that's still the best around. It's not 100% on BTC, it's 100% minus TX fees, which are probably around 1-2% Also wrong. Eligius is absolutely 0% fee. Also, Eligius -pays- TX fees to the miners, which means more profit for you, the miner. How can people be so blind? Right on the front page!  |
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Oh, I freely admit that it was a fluke (the one I saw was not the ASIC miner thing, I do remember that.) But to say it's unreachable to have 600+ transactions in a ten minute period? I must severely disagree! How many dollar transactions do you think happen in ten minutes? Personally, I have no idea, but I do know that it's several orders of magnitude higher than that.
This is what I'm trying to say. If we can find a way to take BTC mainstream, that 200 BTC/block would be a LOW average.
Well let's just throwing this out there. VisaNet authorizes, clears and settles an average of 150 million transactions per day in 200 countries and territories. ~104,000 transactions/second Isn't one of the points of BTC to replace these companies? (Remember this is just Visa, you can imagine how many transactions happen across all of these merchants and physical dollar transactions) The minimum fee would be lowered at this point anyways because if BTC was adopted this widespread, the price per BTC would be much much higher. |
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5% is 5%... Where does it say that's just for NMC? The top of eligius page says 105% pps, and doesn't specify NMC only on that. in the end, it's not 5%. Dishonest or misleading at the very least.
It doesn't even say on the Eligius homepage anything about % PPS or anything about NMC for that matter yet because I haven't had a chance to update it. The forum thread here is titled: Eligius: ASIC, no registration, no fee CPPSRB BTC + 105% PPS NMC, 877 # This is in no way misleading or even ambiguous. It says 105% PPS NMC, and the pool pays exactly that with roughly daily NMC payouts. -wk Phoenix1969 thought eligius would pay him 105% PPS overall, something only Pirate ever did to launder his ponzi.
What eligius apparently does is pay 5% extra on NMC. I guess Luke has tons of namecoins ?
Eligius has a huge buffer of namecoins, yes. That combined with not everyone desiring to be paid NMC makes it easy to provide 105% PPS for NMC.  |
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What else do you expect him to do? Your investment is YOUR responsibility to watch and maintain. You don't pay a broker to do that for you (Yet). It's not like Lab Rat said Hey Ukyo, time to shut this thing down so I can weasle some shares out of people. There's a lot of whining going on in bitcointalk.org land, less understanding of current situations, and even less brain power to come to logical conclusions. That last statement is a broad one and not directly stated at you fractal, but it's time people took responsibility. Some complaints are valid (Like the Share Fee) but most are just people clawing and scratching at the uncertainty of their unregulated shares/bonds. |
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I'm not "From KnC", I have KnC Machines and I told John just how many I had when I met with him well before you did. Please refrain from this warefare KnC vs HashFast. As I said in the KnC Thread I dislike you not hashfast.
believe me, it's mutual but please refrain from personal attacks. it seems to be your modus operandi. like i said, i think the MPP is a very generous thing and at the rate the network is growing i don't know anyone around here who doesn't think it won't be needed to its fullest extent come 3 mo and at the rate of 5x. doesn't matter if you have a 7 mo contract; it might mean you are even locked in further to your losses. i believe that the sizes of our individual orders is about average for small miners. once MPP kicks in i, and other HF customers with similar orders, will catapult to 5x this size which could put us in a unique category. an advantageous one at that. this is the whole purpose of MPP; to make HF customers the winners of this race. like i said, i just have to outrun you. If X GH/s didn't break even in three months, 5X GH/sec 3 months later won't break even either at current difficulty rise (A MILLION TH/sec in the last WEEK, lol). If X GH/sec breaks even in 3 months, MPP is irrelevant -- you get *NOTHING*. You may now return to your pipe dream, which is already in progress. but it could catapult me into the zone where the HR peaks out or stabilizes. at least i have a chance. where will shleps like Bragraphics be left then? Hashrate won't peak out or stabilize unless BTC goes down (which it appears not to be) or ASIC Manufacturers hit their profit/cost limit which is fairly far away from even what the lowest price is currently (That blackarrow price). Good luck with your delusions, meanwhile I'm already hashing paying for my miners that unless you missed the point already have paid themselves off lower than I could purchase a batch 1 baby jet. Oh and like I said before, If you require your 400% increase in hashrate to break even than you have bigger problems to worry about. |
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Still my question stands, how do they count the MPP "Break Even"? In terms of exactly what you spent in Bitcoins during the purchase (Same amount of bitcoins mined) or the price in USD of the units based on the bitcoin price at the end of the three months? MPP is fully in BTC. It based on the theoretical max mining rate computed using difficulty. Essentially if you buy a rig for X BTC and 90 days later using a reverse mining caluclator it says you earned y BTC then you will receive as much additional boards (up to 400% of original purchase) necessary for you to have mined x BTC. For customers who paid USD/EUR the BTC paid is based on the exchange rate at the day of purchase. Nice to see someone that isn't a troll in here with a decent reply. That's good of them then. and for the mathematically challenged Bragraphics (lol!) 400%=5x.
Forgive me if I'm wrong because I know you like to twist words around which is the main reason most people dislike you including me but see the following: .....then i'll get 5x the hashing for free....
What if a super-duper Exa-hash machine shows up?
The MPP coverage extends to up to 400% of the capacity purchased. For a Baby Jet, with a nominal 400 Ghash/s capacity, the MPP is limited to sending an additional 1.6 Terrahash/s of additional ASIC hashing capacity, for a total of 2 Terahashes! 400 + 5x400 (x5 the hashing (The hashing being your original purchase) for free) =/= 2000 (2 Terrahash) You are getting up to "4x the Hashing for Free" or "400% increase in total hashrate" or you could have even said "5x increase in total hashrate" but you definitely implied it was 5x what your purchased for free which is incorrect. Thank god we can quote their actual website so the crooked can't misrepresent. |
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I can't believe the network hash rate....I new it was going to explode...but more than double?
I made a thread to help people predict this. Said 6 to 8 PH/s by end of the year. Honestly I think now it will be closer to 8 to 10 PH/s. By mid 2014 we probably are looking at 15 PH/s+ if ASIC companies serious cut prices (say <$2 per GH/s delivery in 30 days or less) we could see more than 20 PH/s. I don't think 30-40 PH/s by end of 2014 is that conservative. Worst case scenario we way overshoot and end up 50-80 PH/s and new sales flatline for a while. I hear it will be around 30PH by the end of February by some large players in the mining game. Personally I think it will only be around 15PH by then but then again we'll see. |
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I'm not "From KnC", I have KnC Machines and I told John just how many I had when I met with him well before you did. Please refrain from this warefare KnC vs HashFast. As I said in the KnC Thread I dislike you not hashfast.
believe me, it's mutual but please refrain from personal attacks. it seems to be your modus operandi. like i said, i think the MPP is a very generous thing and at the rate the network is growing i don't know anyone around here who doesn't think it won't be needed to its fullest extent come 3 mo and at the rate of 5x. doesn't matter if you have a 7 mo contract; it might mean you are even locked in further to your losses. i believe that the sizes of our individual orders is about average for small miners. once MPP kicks in i, and other HF customers with similar orders, will catapult to 5x this size which could put us in a unique category. an advantageous one at that. I believe you are misrepresenting what the MPP ACTUALLY DOES. It doesn't just kick in and give you 5x the hashrate (Not sure where 5x comes from as it's up to 4 Chips/Modules last I looked which is 4x), it only kicks in enough to let you break even which IS by all means a very good deal as long as the hashrate doesn't explode and you end up needing more than the maximum that the MPP Offers (Which I don't believe you will). Still my question stands, how do they count the MPP "Break Even"? In terms of exactly what you spent in Bitcoins during the purchase (Same amount of bitcoins mined) or the price in USD of the units based on the bitcoin price at the end of the three months? Oh and just to let you know, for every 10 KnC Jupiters you purchased you would get a free one so my "ROI" is looking pretty good. Considering each one of my units have already mined ~11 BTC/Each (Roughly $1400/each) Minus the "Free Jupiter" ($7000), making each Jupiter already at about $4760/each right now and only getting lower each day. |
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I only like KnC a bit more because they offer refunds. I'm not sure if that is true with HashFast. KNC "offered" refunds and then refused to honor that agreement in the end. That is because orders went into production. You can still get a refund for November. Yeah come on. The promise to customers is they could cancel up to the day THEIR ORDER ships. Some people tried to cancel on the first and were told orders can't be cancelled and it is now 15 days later and they haven't received hardware. Any way you shake it the promise to cancel ended up being utterly worthless. They promised one thing and at the last minute changed the terms. I mean by your logic BFL is A+ business as well. Production began back in last November so obviously they can't allow any cancellations right? Just throwing this out there I've just been offered the option to cancel my OCTOBER delivery orders (end of the queue, at this moment still showing "paid") for a full refund. Or i can wait "few more days" to be built and shipped with no further compensations.
Simply because KNC finally dropped that imperative and annoying "NO REFUNDS" made me take a decision.
Hasn't been confirmed but their delivery date was by the 15th, so now that it is after that date and they are opening refunds does that change anything? |
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Anyone still think you will get a RIO even with the MPP? Now that we know they are going to be delay, the network just keeps going up and even if after they ship MPP I dont see it happening...
the way i view it is i don't care to outrun the network right now. i just have to outrun guys like Bargraphics from KNC. presuming we have roughly the same capacity once i get my initial HF order in the next month or so, i just care to stay with guys like him until the MPP kicks in. then i'll get 5x the hashing for free to catapult me well past him. sure, if he wants to go out and buy 5x more capacity to stay with me, he's welcome to. but do i think he'll do it? no, i think he'll be forced to turn off his machines. Just to throw some logic in whatever fantasy you are living in, You only get the MPP enough to make you "Break even" after three months of seeing if you do. (I'm not even sure if this means in Bitcoins from what you paid or if it is in USD based on the bitcoins mined and price at the end of the three months, maybe you can clarify as there is a large difference quite possibly) HashFast doesn't want to give anyone free chips/modules, they want everyone to at least break even after three months so they don't have to do this. This is common sense. If they have to give you 4 times the chips/modules as you are claiming, that means somewhere between when you get your miners from hashfast and three months afterwards, someone dumped a TON of hashing power on the network. By the way, three months is an eternity in Bitcoin Land. There are already pre-orders being sold for less than $2/GH by the end of February "Black Arrow announces 28nm 100Ghash Bitcoin ASIC from $1.49/Ghash" My KnC machines are hosted for the next 7 months, completely paid for. So there won't be any turning them off as you suggested. Also I own quite a bit of IceDrill shares which is basically the same thing as ordering from HashFast directly except they buy in bulk so they get those bulk purchase discounts every ASIC company offers, which they pass onto Investors. I'm not "From KnC", I have KnC Machines and I told John just how many I had when I met with him well before you did. Please refrain from this warefare KnC vs HashFast. As I said in the KnC Thread I dislike you not hashfast. |
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'Orama,
I'd like to thank you for everything you've done so far. I made my decision to become a KnC customer after reading your detailed reports about the open day. Please know that there are many happy customers out there like me who appreciate your service. On behalf of the vast majority of the readers of this thread, thank you.
Well said, buy him a beer on his tip address  |
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Guys come on!
The Hashrate skyrocketing won't be this way all the time.
Whenever a major ASIC Player releases their batch of units the Hashrate will jump, then when it does it will level off as they finish sending out the units, until the next one does it or they release another batch.
We probably won't see TOO much of a change from this difficulty to the next.
Also as we get to a higher difficulty it becomes that much harder to maintain that percentage of raise in difficulty.
KnC just released >0.5PH on the network within two weeks.
We don't have to worry about KnC releasing a ton more like that until November (and Hashfast will be releasing theirs as well then)
We might see a huge jump when they release but that's still 1 or 2 difficulty jumps away and we will be mining the whole time.
Everyone is expecting ~8PH on the network by the end of the year, that means difficulty will be somewhere around 960 Million. But you better be mining now when it is low (like Lab_Rat is doing).
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Where were you a week ago!! |
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The only cost might be UPS were already paid and you'd lose $120 on throwing that label in the dustbin.
A label is fully refundable up until the time the UPS driver scans the package. There is no excuse for not offering full refunds as promised up until the time the package is picked up. Not disagreeing with you at all, I think they should offer refunds up until they ship the customers particular order however you did agree to their terms which stated no refunds once they start shipping and obviously they started shipping... Shipping is "personal", not "company-wide". It's no refund until *your* order is shipped, not *any* order is shipped. Edit: unless specified contractually for B2B customers. It doesn't mean companies like BFL aren't abusing the wording... I stand corrected. I remember seeing the specific terms on the KnC Website but cannot find them anymore. However I did find this We see no reason why it cant work like that, the only addition I will add is that the refund will be 100% with the order cancelled, We wont be offering a discount/refund and still shipping you the boxes. Refunds are offered up to the day of shipment of your order.
Above all else we will be fair.
Sam
I'm only here to promote logic and facts so unless I can stumble upon that specific Refund Policy I saw on the website the above is what I'll go on. |
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The only cost might be UPS were already paid and you'd lose $120 on throwing that label in the dustbin.
A label is fully refundable up until the time the UPS driver scans the package. There is no excuse for not offering full refunds as promised up until the time the package is picked up. Not disagreeing with you at all, I think they should offer refunds up until they ship the customers particular order however you did agree to their terms which stated no refunds once they start shipping and obviously they started shipping... |
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Disclaimer: I have HF orders myself and have stated such in past posts. As is clearly evident in this thread, Cypherdoc is very disliked as an individual (maybe even more-so than me  ) But to get back on topic, KnC has put up a lot more Day 2 miners in the Hosting facility as said by people in the KnC Skype Group (I highly recommend joining this group as everyone is very helpful especially since if you are hosted the current KnC Miner Portal can be a tad confusing) |
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