.51btc + Shipping

Not to be a stick in the mud but these units aren't worth .15c/gh. Going for less than $1/gh on ebay, and that's a markup.

I'd be willing to snag 1 or 2 from you, but at half the cost you're asking.

Wait, BFL ships stuff anymore?

Whatever happened to the Monarch? That was hilarious. People were like, oh man they'll ship on time this time.. And then they didn't, of course.

It's always good to see justice is done, I'm glad that another person was able to recoup from this mishap.

I based my figures off of Jupiters batches 1 and 2, where KNC's internal insurance invoiced their value at $1000USD when being shipped back to them, or within their company controls. These figures came out hundreds of pages back. A company won't take a loss on a product in RMA when it can be insured, and would insure it for what their cost would be plus return shipping.

Further examination of the individual components also correlates to that value. BeagleBone value was around $99 back then. Arctic Cooler has remained $35. The other four fans ran around $9. Aluminum casing about $15 at most. Examining those costs:

Beaglebone 1 @ 99
Arctic Cooler 4 @ 35
Arctic Case Fan 4 @ 9
Aluminum Case 1 @ 15
Subtotal: 290
Bulk Discount 15%: 43
Potential Total: 247

Mining boards at their lowest were being sold for $200 I believe, and there was discussion a thousand pages back that the chip costs were likely close to $30 each. So figuring PCB components and the chip costs add up to internal cost of somewhere between $125-$150/ea, speculative pricing but close to real-life costs based on other industries.

If that's the case, 4 mining boards @ $150 = 600. Add on maybe $35 for the controller board.

So now the estimate is at $635+$247=$882. With the remainder on that shipping, which is close to their public original pricing of $150 UPS Air.

That's how I, and others, arrived at an internal KNC cost of $1k per Jupiter for 2013. Honestly, if you think about it, it absolutely makes sense. They crowdfunded their R&D / standup / profit buffers with the very first sale. They didn't have to sell batch 2 to make profit, they were making profit with batch 1. They simply kept the margins high after that, while still giving you guys a break, and it makes it seem like everyone is a winner.

Consider how many tens of millions they took home in profit on their tax statement. Their profit margins weren't 30%, they were generously higher.

Always love kicking dust off of old things. So what's the news?

I should qualify dead by meaning 'not under active development or use by the team'. Not that it doesn't function at a technical level.

Best of luck, I cashed my millions out long ago.

If you're expecting this to make your living, you might be doing it wrong, especially since the inception of the movement wasn't so much to make a living ... it was to change the way we think and use transactions entirely, regardless of its value.

"Today we are upset to announce there will be another 3 month delay. As our devices were on their way to customers across the seas, the ships and planes carrying KNC gear caused a wake which sank our cargo ships, and all of the miners were lost. Fear not, because we will double your minority holdings of worthless shares, and on top of that, only require that you pay another 30% of the total cost of the miner, in order for us to start on our 3rd batch for first delivery. Don't be fooled, we will deliver before our competition in 2016!"

Yeah, I realized that long after. Work was a bit wonky yesterday, had my head spinning.

The number is right, the ph was wrong though.

Either way.. Alphatech still at a record-breaking 0!

I agree.

I believe many people are banking on a skyrocketting value in the near-term based on the 2 jumps it had last year, which IMO were synthetic jumps, one based on fear and another induced by the asia markets gathering BTC before they lost the legal easy means. I believe bitcoin will go up over time, I just don't see anything other than synthetic jumps in the near-term.

I love my mining gear and I let it continue doing its thing, but I wouldn't buy any new gear. I do get hold of secondhand stuff people dump for pennies on the dollar just to get out of the scene, and to me that's decent. Better than paying full price or premium, which is silly.

s1gs3gv/biffa, thanks for the correction. My math brain was focused too much on stuff at work. I guess I shouldn't bitcointalk while working

I remember there being a number which initially went unsold, but then heard rumor someone bought them all out for less than MSRP. Rumor is rumor, can't found it, but some users did report being unable to purchase the remaining 900 the same day. Because of this, and wanting to project 'worst-case' scenario for planning purposes, I presume the full 2500 to be sold.

As to building miners for dirt cheap, if KNC's profit margin is similar to the Jupiter series, they're making about 86-89% pure profit on the gear. So it could be done.. but.. the whole thing of they won't do it because they know they can just keep the money to themselves.

People shouldn't get into this game at this point with the thought of, my mining gear will positive ROI anytime in the near future. That window, for the most part, closed in 2013. Anyone mining now should have the mindset that they're banking on bitcoin value skyrocketing at some point.

Even still, it would be better to just buy bitcoin with your miner money.. and keep buying it if you believe the value will increase.

Mining is really fun though, so there's that. Can't say I'd drop several thousand just for that..

It was a bit of a joke, some folks on here get that.

Actual numbers, KNC will be shipping anywhere from 900-1200gh this week, and next month 1200-1500gh (.9-1.5ph), with some even cooler stuff in the works.

Good thread: https://bitcointalk.org/index.php?topic=170332.38160

From what I remember awhile back:

Titan
Batch 1 (Sep delivery) was 2500 (which got sold out)
Batch 2 (Oct delivery) was 2500 (with some open right now)

Mini
Batch 1 (Sep delivery) was 1,200 I believe (which got sold out)
Batch 2 (Oct delivery) presuming same as above, but not sold out

There was rumor some elect folks got a special deal of Batch 1 Titans for cheaper than others and the quantity wasn't part of the 2500, but that's all speculative.

So in theory:
Batch 1
Titan = 2500 * 300 = 750gh
Mini = 1200 * 150 = 180gh
Subtotal: 930gh
20% overclock: 186gh
Potential: 1.1ph

Batch 2
Titan = 2500 * 400 = 1000gh
Mini = 1200 * 200 = 240gh
Subtotal: 1240gh
20% overclock: 248gh
Potential: 1.48ph

First batch is equivalent to around 4 petahash, second is a bit more than that. There are open slots remaining on the 2nd batch from what I know. Give or take half a petahash.

Gonna be a historic wild ride.

Don't worry guys, KNC's gear is only delivering about 4 petahash this first batch, and about 5 next month. It's not that bad right? AT can still beat them to delivery, as they promised even weeks ago! They just have to deliver by close of business tomorrow!

Well, I don't think you will find a warehouse or anything. AT took an extreme hands-off approach. They outsourced the engineering aspects of the entire project, outsourced the creation of parts, outsourced almost everything. I doubt they'll assemble in-house, though it appears most of their design is simply click-to-assemble so it's possible. I would certainly follow their money trail, it'll show you where their gear is.

Honestly, they're so far removed from the product from start to finish, it's as if they were just trying to ride a cash cow and have everyone else do the work for them. Imagine that.

The good news is, there's still room on the Batch 2 orders. So if you have $7k, you could have 400mh next month. Unless I mis-read their order page this morning.

Although I will say, I might rather buy $7k of LTC and NLG, because there will likely be panic-purchasing shortly after these hit the walls.

I can attest that his POT selloff pretty much set him solid in the bank. For those who may not remember, pot tripled in price for a brief moment before crashing, and a few lucky folks sold at that peak. I wish I was one of them..

Damn I'm good. On the money, as I predicted in Dec 2013.


I enjoy yours as well, your memes keep me laughing throughout the day.