So a company that shipped its first product less then 30 days late.  and shipped it at 500+ hash not 350+ hashed fucked us over?  what world are you living in?

thanks.  you look competitive .  I am awaiting coins. they come on fri. or sat.   I will see if you have shares left then.

 okay that make them much closer to the same value if I  comparison shop.  .5btc right now is 425.usd so you sre 4.25 usd a gh right now, but fee free later on.  last question if 20 months of mining pass and you sell the gear off  say for 1600 usd or 50 usd a share

 do we get a piece of that sale?

yes this is a no fee item?   I ask for a fee reasons Dz miner offers 60 gh for 225 usd   or about   3.75 usd a gh

  so 3.33 usd a gh times 3000 gh = 10000 usd

they say 2nd quarter .  well late 1st or second quarter .    so march 20th? to may 1st fits the bill.  a long way off.  still kn has made money for me so I may get me some

Okay I ended this sale

 yeah I saw this and said  this looks real nice.    .

reserved

KNC is starting pre sales of a 3th rig  the neptune.


I got this in my email this morning> I do not know the price I can not view it on the site ..  but we have purchased from them so we are allowed to buy this.  I think bob did the purchase.


KnCMiner Newsletter
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View it in your browser.
 kncminer logo
All
 
We have an exciting update for you all today, in 2014 we will be shipping our 20nm product called Neptune.
We are aware more now than ever, that the demand for our product is large with bitcoin prices rising to all-time highs. The lack of available companies in the market place who can actually design, produce and more importantly ship increases the demands for our products as we are the only company who has shipped a 28nm product. We will once again take the bitcoin mining hardware to the next level.
 
Our first offering at 20nm is called Neptune following the naming convention from our 28nm range. It will have the following basic specifications.
 

Minimum 3000GH/s of hashing speed that 3TH (Over 5 times the speed of our first Jupiter release)
   (we reserve the right to increase this as we get closer to shipment)
A 30% reduction in watts per GH,
Shipment begins in Q1/Q2 of 2014,
Bitcoins first ever 20nm miner bought to you form the company who shipped the first 28nm bitcoin miner,
Limited batch for registered customers only,
Existing customers only can buy at this price other batches will be released later to non-existing customers at a higher price.
These items will be on sale for two weeks at this price or until it has sold out.
Payment for this product is bitcoins and bank transfer only.
 
The product is now available for purchase in our shop, If you are a registered customer you can order and pay for it today. Here at https://www.kncminer.com/categories/miners
 
There is a limited supply at this introductory price as a reward to our existing customers who have been with us before.

Thanks KnC Team

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Copyright © 2013 KNCMiner, All rights reserved.
You are receiving this email because you have opted in at our website. www.kncminer.com.
Our mailing address is:
KNCMiner
Birger Jarlsgatan 33
Stockholm 111 46
Sweden

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hhey  hey hey we need this today!!!


KnCMiner Newsletter
Is this email not displaying correctly?
View it in your browser.
 kncminer logo
All
 
We have an exciting update for you all today, in 2014 we will be shipping our 20nm product called Neptune.
We are aware more now than ever, that the demand for our product is large with bitcoin prices rising to all-time highs. The lack of available companies in the market place who can actually design, produce and more importantly ship increases the demands for our products as we are the only company who has shipped a 28nm product. We will once again take the bitcoin mining hardware to the next level.
 
Our first offering at 20nm is called Neptune following the naming convention from our 28nm range. It will have the following basic specifications.
 

Minimum 3000GH/s of hashing speed that 3TH (Over 5 times the speed of our first Jupiter release)
   (we reserve the right to increase this as we get closer to shipment)
A 30% reduction in watts per GH,
Shipment begins in Q1/Q2 of 2014,
Bitcoins first ever 20nm miner bought to you form the company who shipped the first 28nm bitcoin miner,
Limited batch for registered customers only,
Existing customers only can buy at this price other batches will be released later to non-existing customers at a higher price.
These items will be on sale for two weeks at this price or until it has sold out.
Payment for this product is bitcoins and bank transfer only.
 
The product is now available for purchase in our shop, If you are a registered customer you can order and pay for it today. Here at https://www.kncminer.com/categories/miners
 
There is a limited supply at this introductory price as a reward to our existing customers who have been with us before.
 
Thanks KnC Team

 follow on Twitter | friend on Facebook | forward to a friend
Copyright © 2013 KNCMiner, All rights reserved.
You are receiving this email because you have opted in at our website. www.kncminer.com.
Our mailing address is:
KNCMiner
Birger Jarlsgatan 33
Stockholm 111 46
Sweden

But serious numbers are  4000 usd divide by 180   =  22.22 usd  a gh

 so 1.6 x 22.22 = 35.55   would be the minimum possible.

  I would think they can sell it at 50usd and make money. I would think I can buy them at 85 usd and make money on ebay and mining 50-50 mix.  over 85 I lose interest.

 If these work well They sell on ebay at under 200usd more like 140-175.  Very short window at that price. Then a big drop.


 so .1btc would be my max price

yeah why kill off the goose?  

It is simple smart business. and bfl has been a leader at this.  (they still have money from me since jan 2013) .

 In a way I do not blame them. Since no one is sure how long this will last. If I mine 100 Jupiters that is 55 th.

So if I sold 2000 of them. That would be 1100th about 20% network jump> So I

delay shipping them until  I test all 2000 100 each day.(55th)  the next diff adjustment stays lower. I keep the adjustment lower for 20 days or so. This just happened last adjustment was under 20% next adjustment is going to be under 20%

I get to mine 55th at a better diff for 21 days. I mine 5% or 100 of them for 1 day. Do this then put them aside. after testing all 2000 units Then ship them call it quality control or good business. The fact fact is that would be legal and a 20 day delay how much coin is 55th for 20 days at 800 usd a coin?  A lot of coins.

  I argue they should do this as returns would be reduced bugs found yada yada yada.  It also helps me as I have 250th in hash as I type.

much of the confusion involves :
1) BTC to USD(fiat)

2) the lack of  understanding that " if you had purchased BTC and held it you would have made more money". means absolutely nothing in calculations
 
3)all calculations are  worthless  beyond 3 diff adjustments.

4) you need a basic understanding of your country's tax and accounting laws to determine profit.


 As for 1000 usd for a little single.  

 if I have 90 am sticks I have 30gh
 3 am sticks  sell for 125 on ebay
 so if I sell 30 of my sticks I get 1250.  90 sticks = 3750 but I want to do this fast so

    if I sell the hubs I was using I get 9x 50 if they were 10 port hubs= 450  that is 1700 shipping and fees vary but less then 300  so I net 1400  

pay 1000 for the ls   I have 400 in pocket  I burn less power to run the ls    .    I tell myself don't be greedy and sell 3 sticks for 100 I have the best price on ebay by far..  30 sales of 3 will happen in 2 or 3 days.  gross funds are 30 x 100.   after fees of 5 to ship and 7 for paypal/ebay  I net 88 a  sale or 30 x 88 = 2640

and I then sell the 10 hubs for 40 each as used .  that is 400   after fees about 320  2640+ 320 = 2960  buy the LS for 1000 get ebay rebates of at least 40 bucks   so 960  2960-960 = 2000 net!!  

same hash power.   and 2 k richer!!     plus the LS uses less wires.  and a little less power.


so for me the owner of a 90 stick usb farm the 1k price makes sense.  and just think if I purchased the sticks at the low of 7 usd each.  those 90 sticks may have been as little as 630 usd.

This is why the game has deep complex moves for money gain and loss. 

  A 630 usd investment  could have been made and turned into 2k usd and a LS. 

For the same reason a 250 red fury makes sense. 6 am sticks and a hub go for about 300 .  I get 2.5gh instead of 2gh some cash in hand and less hubs and sticks to deal with.

this is also good news   since it won't arrive  until nov 30th to dec 2  the next diff increase will not jump so high. 

what would be nice is these come the 1st day of the new diff jump.

stupid cheap! or should i say pennywise pound foolish  to be politically correct.

don't worry they were under .0025  so .00399 is fine….   I have seen them at .0007 for a low  and at .0101 as a high.

r1-r4  all look to be late dec at best.

 price was as low as .035 btc when btc was 200 bucks .


  so they were as low as 7 each  4x btc and the new normal is 28 bucks.   you would be lucky to find them at 28 bucks.


 amazon = 45 usd plus

 ebay = 40 usd plus

 

I have 6 BE's  left.   I will most likely sell mine when my red furies show up.

yeah I stopped doing my  mac mini upgrades due to this.  a clever buyer can game you.  most of my sales now are under 250 usd.

   send me a pm  I will sell you a set of 3 block erupters and a good hub at prices that are not stone cold ripoffs.


 I will help you setup at bitminter.com or cex.io    and explain a simple reinvestment strategy .  

 the bottom line for right now is most gear is crazy over priced.  

1ghs at cex.io is .085 btc  and that is about 70 usd for 1 ghs.  

 if you can get 4 am sticks for 80 bucks.  and a good hub for 30 bucks  you are close to the price at cex.io.  most people here will tell you it is all too much money.  buy a coin.  

  other options are  buy  a share from here

https://bitcointalk.org/index.php?topic=335145.0


I would advise a mix.   buy a coin   use half to hold use some for cex.io use some for a little gear at home use some for a share from dz coop