The first reply from KNC regarding enabling NMC merge mining within the KNC pool was that the miners only support BTC. I did my best to explain where this configuration was set and tried to further explain that this is not a hardware change.
I asked them to forward the question to the operator of the pool if they knew that at this time-- if not we can revisit this later this month.
No response from byteminr yet.
Hi - we'll be adding more pools as soon as we can after launch. KnC may or may not support merge mining (we'll be pushing them on this too) and as soon as they do, it will roll to our customers too! Adrian www.byteminr.com |
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I now just mine to be a part of the community... Nothing else!
Thank you, from everyone ! |
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A thousand, because even though they likely work together in a pool they can diversify if the actions of the pool require it.
If you end up with a few huge "nodes" they could change the speed or even availability of some transactions at the least, and fork the chain at the worst.
Exactly, the network NEEDS small time miners. I hope to provide that option for people. For their good and for the good of the network. |
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The paradox with mining is that all current miners want to discourage anyone else from becoming a miner. (Cos it pushes up the difficulty and reduces their returns)
But
Without miners, there is will no bitcoin.
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No mining, no Bitcoin.
That's just the way it is. The continuation depends on continuation of mining.
Maybe in the future people can be paid to mine with a tiny USB miner for the sake of the network, even if the amount of hashing they contribute is negligible,if it adds significantly to network diversity? Yes..., that is the nature of mining. Miners get paid with the block reward and transaction fees. Many seem to want to discourage small time miners. But we seem to be on the same page that that is bad for Bitcoin. I'm not one of those people. I'm more of a hand out USB Block Eruptors on Halloween instead of candy type. I tend to agree. Is there a way to chart the hashing power per node as a percentage of the total network over time? Is is better to have a thousand 1MH nodes or a single 1GH node when it comes to network security? |
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No mining, no Bitcoin.
That's just the way it is. The continuation depends on continuation of mining.
Maybe in the future people can be paid to mine with a tiny USB miner for the sake of the network, even if the amount of hashing they contribute is negligible,if it adds significantly to network diversity? |
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Mining is good when you need to generate heat anyway. But not in Summer  That's a good one! |
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If you are new and are thinking about mining, have a look at this poll. It's just starting, but will give you an idea what people are thinking of mining at the moment: https://bitcointalk.org/index.php?topic=299065.0Everyone has their own reason for mining. Some want to support the network, some want to make big profits, others cannot easily buy bitcoins on exchanges and want to mine as a way of obtaining coins. Some are scared off by the increasing difficulty, some enjoy mining, some are profiting. Some people also keep mining while telling newbies NOT to. It's a real mixed bag and this poll will be repeated again in 3 months time, after the first wave of 28nm ASICS have been delivered. Adrian www.byteminr.com |
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I'm genuinely interested in the current attitudes to mining from people who have been mining for ages and those who are new to mining. There is a massive uncertainty around mining, perhaps like never before, due to the ASIC revolution so I'm keen to understand the attitudes right now, before the real 28nm revolution really hits the network. Adrian www.byteminr.com |
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Less than 9 days to go! Will KnC deliver ?!!? The biggest countdown in Bitcoin right now is underway that's for sure! www.byteminr.com |
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Hi,
Just wondering what the best options are if I were to purchase a miner today. Everywhere seems to either be pre-order only or not much above 10gh/s.
So, whats the best option?
Jump on the band wagon and wait a few months (if not more) for a powerful rig
OR
Buy a 10gh/s and mine it while it is still making a bit of cash?
At the moment I don't see any in-between.
Thoughts?
Keep an eye on www.byteminr.com. We expect to launch in less than 8 days and we can offer any combination of power from 10Gh to 1TH and from 2-12 months. Our service is a real virtual rig service, not some crazy psudo-investment scheme!  Adrian |
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But, your prices are absurd.
Wow, that's quite strong, care to elaborate? |
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seems like a cool idea i wish you the best of luck Thank you - we have some great new features coming in October. We are building a customer centric mining platform that anyone can use! |
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Experience should learn us that end of december promises are not likely to ship before February, but we shall see. No doubt whenever it starts, sparks will fly though I'm pessimistic there as well. I'm presuming that KNC is one of those December deliverables... KnC will very likely ship much sooner than December, in fact I'm personally counting on it! ASIC hardware will naturally come down in price until there is a proper margin squeeze on the hardware vendors. The next crunch point will be when the price that is paid for electricity is the most important when all the ASICS are broadly the same cost and mining roughly the same speed. (perhaps 1 year or more away) Adrian www.byteminr.com |
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To celebrate our first 100 customers, we now have referral codes are available for every byteminr customer available in your profile today! Check out your profile for all the details. Adrian www.byteminr.com |
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Congratulations to Bitcoin Network!
your kidding right? there are only going to be 3 or 4 big players left in the mining field by january This is the biggest fallacy ever. If enough individuals buy a few GH/s each we'll get rid of big players entirely. They stand the most to lose. They're the most exposed to the risk. Who's going to take equipment down first? The guy losing $1000/month on power or the guy losing $1.80/month on power? I agree with you, which is why we setup www.byteminr.com. Mining can easily stay distributed while companies like ours find a way to exist and resist the large corporate mining farms that are being setup. Keep the network distributed and mine a few coins on platforms like ours - a true virtual rig service where we share the risk/reward equation with our customers as fairly as we can. |
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Just let everyone know, we still have a small amount of capacity left for the expected September launch. e.g - 12 months of 10GH from $399 USD or 50GH for $1749 as well as flexible options from 2-6 months. Come check it out if you're interested in hosted mining. Also - we now have referral codes for all customers - check it out in your profile! Adrian www.byteminr.com |
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I'm looking for a mining partner. I will pay for electricity, I will keep it running, and power rarely goes out where I live. I would like to purchase a 10GH/s miner for about 6BTC. I will take 45% of the profit, you get 55%.
Is anybody interested?
P.S. I apologize that it is so short, I'm not sure what else to say.
Perhaps you should check out our offers? www.byteminr.com |
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Yes, but say, for example (and I do not know how much they have sold) KnC deliver 2 PH in October, to keep the exponential BFL/HF/Cointerra etc would need to deliver what, 8PH before Jan to keep up the rate? I can't see that happening can you? Good point, indeed I don't see 8 PH/s but i do see 5 from all others minus KNC. I agree that KNC will be the main contributor of hashrate in the coming months (hopefully starting September since I have an order with them). Assuming your estimate of +2 PH/s, that would be about triple the network (~1PH/s). At +64% per month exponential that's 2.25 months (3 = 1 * 1.64^2.25) so KNC alone keeps the exponential till December (fitting the October and November deliveries). Then the other guys need to deliver December plus January at +64%. From now (~1PH/s) that's 1*1.64^4.25 = 8.18 PH/s which, removing the 3 PH/s is aprox 5 PH/s. So they only need to deliver 5PH/s in December/ January. I think 5 PH/s is not unreasonable for January deliveries from all the other guys (in which I would not include BFL). I actually think you will need to take a 60 day running average to keep the exponential but, like I said, on average (60d  ) I expect it to last till end of January. So I would just put the exponential one month further than you and with a larger running average. But after that, of course, there's next gen... I actually feared in the beginning KNC would deliver closer to 3PH/s but been taming those expectations a lot from feedback from other forum members. You in particular saying 2 PH/s pushes that fear back up a little bit again since you should have better estimates than most ;P. 2 PH/s is curiously 2*2500 which would be the November Jupiter available stock of 2500 (if one believes the hardcoded website limit like someone posted) times 400 GH/s times 2 for the September/October delivery. edit: 8 PH/s by end of January matches this: https://bitcointalk.org/index.php?topic=283820.0with one month delay One other thing to consider - before we believe all these sales are real and will materialise. When KnC deliver their first batch, how many people will be cancelling HF / BFL/ CT orders and asking for refunds? There has to be some collateral damage here if they deliver everything we expect. Additionally: 5 PH, even at $15/GH (which is isn't yet, it's still higher than that) would cost $75M USD. Is there really 75Mil USD being piled into mining in the next 4 months? I'm not so sure. That's without hosting, power operations etc. etc. etc.. It's going to be an interesting time for miners, thats for sure! |
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