Has anyone gotten an explanation from KNC why they are mining more than the 5% they promised? It looks like they have around 5,000 TH/s live on the network right now and growing. Are they including the amount of Neptunes they "sold" to say they are only mining 5% even though they are actually mining 15%-20% of the network? http://organofcorti.blogspot.com/ |
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Can anyone show a realistic projection where the Neptune makes back the initial BTC in 6 months with a delivery past April?
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It's good to see KNCs plans becoming more clear now. Too bad they didn't just tell their customers what they were doing.
They are building this data center to house 10,000 Jupiters and they will turn that hashing power over to Neptune customers if they can't deliver on time (highly likely). If they can deliver Neptunes on time, they will sell the hashing power through their website instead of physical miners as soon as the data center is up and running.
The article said they are planning to build other data centers, probably to house the 20nm equipment, which will add to their cloud hashing inventory later this year.
The only questions that remains is pricing. If they are like every other cloud hashing operation, it will be way overpriced. They will still find suckers and the math-challenged to buy it, no doubt.
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after your post (?) the hashrate has been redirected/turned off 12 hours 544.49 Th/s 5476655520
3 hours 521.28 Th/s 1310795508
22.5 minutes 289.21 Th/s 90904888
256 seconds 0.00 kh/s 0
128 seconds 0.00 kh/s 0
wow..nice one Co incidents? It is back hashing now. |
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Essentially, your neptunes are going to be pre-mined. You'll get it delivered at the highest difficulty ever seen. You won't be adding a 3TH machine to the global bitcoin hashrate, you'll just be re-attaching it when it's probably already been there for a couple of months.
Exactly. This is why cloud hashing is such a scam. They put the machines on the network and start collecting Bitcoin, then once the difficulty has adjusted a couple of times, they pay out the calculated amount at the higher difficulty and pocket the difference. Then, once a year or two goes by, they get to keep thousands of machines and the infrastructure paid for by the suckers. The difference between CEX.io and KNC will be price. They will likely price the cloud hashing very competitively which will make it hard to resist for most customers. After all, they can afford to since they have already cleaned up by mining prior to selling and will keep adding hashing power to dilute your earnings. |
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So, as suspected, the new business plan is cloud hashing. After the Neptunes all get delivered, there will be no more equipment deliveries from KNC. They got sick of all the customer complaints, RMAs, shipping costs, etc.
Going forward, they will sell hashing power only. They are building the data center regardless of Plan A or Plan B. The only questions is, where the hashing power/coins will be directed.
Once it is built and all of the Jupiters are hashing, they will either direct the hashing power to Neptune customers (Plan B) or start selling it (Plan A).
What worries me is that they said they will mine to your wallet rather than to your chosen pool. What this really means is that KNC will be mining and collecting/stockpiling Bitcoins and then paying out the calculated number of Bitcoins to your wallet. This means low variance since you get the number of coins calculated by the hash power/difficulty but it also means centralization since you can't move the hashing power elsewhere to balance the network.
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What ever happened to the tuning suite for November miners? I have some with cores out that would be nice to fix. Seems like KNC is still on vacation. Is January a month-long holiday in Sweden?
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Hi,
i cant connect to my miner. neither via SSH nor via HTTP.
it boots and starts hashing at the pool as it should, but i am not able to connect to the miner. i tried several IPs none worked.
any ideas??
Download some net analyzer software and see if the machine is being assigned an ip address, then you will find it. I have an app on my phone called net analyzer. Instantly scans all the ips on the network. i have and i think i know which IP the miner is using. nevertheless its not responding. If you upgraded to .99.2, you could be blocked if you removed "LAN" from the network settings or are not on the same local network as your miner. |
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The answer is really easy. They just need to keep selling Jupiters every month until they are done with the Neptune and then switch over. 3000 units a month would keep us in competition with CEX.io and any behind the scenes mining ops. Not selling Jupiters is surrendering the future of mining to non-KNC customers. It doesn't make sense. If they want to take their time with the Neptune, they need to give us some hashing power in the meantime.
If they did that the difficulty would just go up even faster and it would mean even less money for miners. Why would you want KnC to flood the network with hashrate? If you want more hashpower now, there are a number of places where you can order it and have it delivered immediately, with no waiting and very little risk. *ahem* There are no miners for sale right now that will ROI and I don't mean break even. I mean make a profit that is worth my investment. |
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Would it help if everybody moved temporarily to another pool until everything is sorted out?
It seems like if the pool is behind on calculating shares and stats then every minute you continue to mine, you are adding to the server load and backlog.
I know everyone wants to remain loyal but doesn't it make things worse by continuing to mine while he is trying to get everything back up.
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Yeah, no more controller cards because Sam sold them all to his brother. This explains their shifty behavior. It didn't make sense that they were willing to let their customers go to their competitors but now it does. They are moving into cloud-hashing with Sam's brother and just like CEX.io. I think O'rama mentioned something about submersion cooling in his interview at CES that now makes more sense. My prediction is Neptune will be their last consumer device and they are only offering it to pay for the development cost of 20nm. Once they have the masks, they will no longer sell to consumers and likely only sell to Byteminer. |
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People in here need to calm down.. Where exactly has anyone said about stuff being late?? They were always advertised as Q1/Q2.
Why do they "need" to calm down. Is their concern and frustration bothering you? Do you work for KNC? Should everyone be happy? They pretty much just announced that Q1/Q2 really means Q2. Most of us expected that anyway but people have a right to be concerned. Also, announcing that Jupiters would not be sold is a huge bombshell. I know it pretty much shattered my plans. I will be making 1/8th of my previous BTC income by the time Neptune arrives. The answer is really easy. They just need to keep selling Jupiters every month until they are done with the Neptune and then switch over. 3000 units a month would keep us in competition with CEX.io and any behind the scenes mining ops. Not selling Jupiters is surrendering the future of mining to non-KNC customers. It doesn't make sense. If they want to take their time with the Neptune, they need to give us some hashing power in the meantime. |
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I'll check, but I imagine same rules apply. Don't quite understand why anyone ships with a PSU due to the customs complications this presents in certain countries, especially when they are easily obtainable elsewhere (with enough warning).
It's likely to be something like 2x something chunky wattage wise PSUs. IDK off the top of my head those EVGA 1300W Supernovas should cover all bases with headway in case any additional is required.
Final numbers we can never have at this stage in the game, but headway is good of course. Obv w.r.t. optimisation we want to bring the hashrate up, and the power consumption down , and we are trying our best to achieve that for all of you and do so as expedited as we can safely whilst cautiously respecting this level of tech.
...but please tell me you will at least have room in the case for standard ATX power supplies. The tangle of wires on the outside of the machine is really quite ridiculous. It was understandable on the Jupiters due to the time constraints but there is really no excuse for it on the Neptunes. |
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What do you think the safest die voltage level is while keeping the SPI voltage on automatic? I have an October 4VRM rig with 4 modules. I know my way around a linux system and can program pretty easily but when it comes to electrical stuff I'm kind of in left field. I just don't want to blow up my Dad's rig. http://www.photopiks.com/lowvoltage.jpg50A = Very Safe 57A - Safe Thanks! You mean keep increasing the volts on the DIE until and I'll see the AMPS increase? Yes, increase the volts and hit "Apply changes". The cores may be completely disabled by CGMiner so you may need to restart CGMiner after you raise the volts some. |
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I'm definitalely going to change back to maybe .98 or something. Ever since I got into the .99 I've been hashing a lot slower.
My Dad's miner also has a small issue. On one of his OUTPUT CURRENT value's it is very low. Is there a reason why this is? Here is a screen shot of it.
Disabled cores is my bet, give it more voltage. |
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15,000 TH/s is closest for the last 24 hours. The difficulty just changed so each source is handling that differently. The 18,000 TH/s number is likely a result of calculating the hashrate using the number of blocks solved over the last 24 hours and the current difficulty but the current difficulty started less that 24 hours ago. This isn't accurate as some of those blocks were solved at the previous difficulty level. The 13,000 TH/s number is probably over a longer period of time, like the last 7 days. |
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Why does the difficulty increase by 25% tomorrow? Am I better off mining an alternative coin then?
The difficulty adjusts every 2016 blocks which should happen around 0530 UTC on 1/13/2014. This happens so that new blocks are created about 10 minutes apart. If blocks are being solved too quickly, the network difficulty adjusts which makes it harder to solve blocks. It is also possible to get easier if blocks are taking on average longer than 10 minutes to solve. |
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