I doubt home mining is going to be around by the end of the year, though Cointerra and KNC have both been up front about this. Everything in Bitcoin is evolving quickly at the moment, adoption is up, massive advances in mining, I just wish the price would follow suit. Here's hoping that once the China situation which seems to be hanging over everyone like a dark cloud is out of the way, we see the price improving.
I also think it's quickly going to turn into a 2 horse race.
May I ask what you feel the China situation is and what would put it 'out of the way'? I don't disagree I just don't understand. If it's anything like printed circuit board manufacturing in the US it doesn't end well. Clarity, even if it's bad news, reading posts/articles from a Chinese persons perspective and speaking to a few, they too are in the dark with what the guidelines actually mean. I'd like to see volumes kick in and things heading back in the right direction after the 31st, even if that does mean a crash first. Then again, there is the argument that the news is already priced in. I nod and smile affirmatively. |
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I doubt home mining is going to be around by the end of the year, though Cointerra and KNC have both been up front about this. Everything in Bitcoin is evolving quickly at the moment, adoption is up, massive advances in mining, I just wish the price would follow suit. Here's hoping that once the China situation which seems to be hanging over everyone like a dark cloud is out of the way, we see the price improving.
I also think it's quickly going to turn into a 2 horse race.
May I ask what you feel the China situation is and what would put it 'out of the way'? I don't disagree I just don't understand. If it's anything like printed circuit board manufacturing in the US it doesn't end well. |
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...standing poised with btc onhand to buy Jupiters...standing poised...standing poised...standing poised...standing poised...
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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??
Same question 2 days ago I think. Use nmap. |
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I wish there was something like solar that would capture electromagnetic/ionic energy and I could
Run some Neptunes with it... lol.
But Aussie Pete & I have a plan for the future using KNC Miners with an Industrial size E-cat (1MW) if we can get that far.
Minimum 1.5 mil we will need for that adventure. No electric bill running miners would be pure profit at some point... any generation.
Phoenix, am reading a work of fiction. RED to BLACK by Alex Dryden, and he mentions that Transdnestr (it's near Molodovia) gets free gas and electric from Russia! A farm of KnC Neptunes there would be cheap to run! |
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I too am frustrated by not right now having new KnC gear hashing. Thing is I look at my Neptune pre-order and look at the present relative superiority of Jupiters over the competition and the Jupiter profitability track record, and I expect the Neptune will have a similar relationship to the competition when it fields.
That's not to say all of us might not get screwed, KnC machine owners somewhat less than others. Screwed if dark horse mining farms get super cheap gear of their own manufacture in an overwhelming way.
So, what would be the alternative? Leave mining and buy btc for its appreciation? We know the banks aren't going to quit scamming the general public with currency expansion. We know peace isn't going to reign on into the far foreseeable future, Syria and the Sudan not withstanding, and that would mean money movement into Bitcoin. Some questions are: a) how long do we have to wait for KnC gear, b) will all the KnC gear made available be sold to pre-existing customers or will the numbers of miners be such that it will be open to the general public. Like those dark horse mining farms turning their btc into Neptune purchases, c) how bad will the network hashrate get and how soon?
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I'm not sure we will be selling upgrade modules as close as a week.
So February is the more likely if at all? |
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The controller cards are FPGA cards with BBB mounted? Power hungry 228MHs FPGA zTex cards are getting retired now from Bitcoin mining. Perhaps a programming wiz could find a way to use an FPGA zTex card in conjunction with a BBB to run modules.
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so final yes or no
for the upgraded module?
will be for november only jupiter?
I'm curious about the upgrade module as well. I understand the Nov Jupiters have the yellow tagged VRMs and take different programming than the Oct. Jupiters/Saturns/Mercurys. In such a case if the upgrade modules are for the November Jupiters then if one has a Saturn one might buy 4 or 6 modules and pull the Oct cards to resell so all 4 or 6 are running the same programming. |
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What's going to happen this summer? KnC has the best machines so far in my opinion and hopefully the Neptune will will live up to same standard of reliability and profitability. We look at how long it will take a machine to return the btc it costs.
We know the unknown dark competition putting hashing power on the net probably uses relatively inefficient ASICs. A problem is that we don't know what they are paying for their miners. If they have their own ASICs and their own design boards and are fielding their own machines in their farms, they get them cheap and their lesser efficiency isn't as big an issue. If they are getting them cheap then this summer the total of what they can field might be a real problem.
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I currently have 2 miners, 1 using 1400 watt PS and 1 using 1000 watt PS. I live in an apartment and when I place the 2 miners on the same breaker, I trip it. I have 2 more miners slated to come online in the next week and was wondering what I could do for power? I don't have any clue on power usage, wattage, etc needed or jargon so please dumb it down a little for me.  Buy a gasoline powered generator and put it out on your balcony. or Rip out sheetrock exposing your neighbor's outlets and tap in. |
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Just hot glue it. For a second I thought newegg sold crates.
GPUs through out heat - won't that melt the hot glue? |
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Pools are all playing with the same blockchain. How can one or another pool be very much more profitable than the others? Online one could read of brokers describing the rich rewards Edward Jones *brokers* were getting. It was said in amazement because other companies just couldn't reward their brokers that way. Perhaps the posters were deliberately giving a clue under the radar. It's amazing how quickly a corrupt broker can make an estate dwindle. If all pools are hashing the same blockchain and the rewards from one are so much better, it can't be legit.
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So a commercial bitcoin farm will be like a mutual fund comprised of any number of assets. The addition or removal of miners from the farm will be like the mutual fund dropping or adding assets. In the case of mutual funds if the fund has to pay kickbacks to a major brokerage house (Edward Jones) in order to be listed among the offerings shown/sold to "Preferred" clients and in retribution the fund (The Hartford Fund) removes valuable assets from the fund, the Security Exchange Commission has demonstrated its ability to step in and require a compensation be paid to the ripped off Preferred clients holding the fund. Bitcoin has no SEC.
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The problem with capitalism is that an economy can have too many capitalists. The same goes for bitcoin mining. The stock market fixed this for themselves with mutual funds for retirement rather than the older retirement plan method of selling the company's stock to the employee. It hurts to screw a former loyal employee so let them get their retirement in mutual funds. This change allows for a class of successful capitalists and a class of mutual fund holding capitalists - thus you can have at the same time a successful capitalist class and an unsuccessful capitalist class. Then the problem that an economy can have too many successful capitalists is solved. Bitcoin mining will evolve to big farms in cold climates. The mutual fund equivalent will be the sale of GHs of those farms but the farms owners will be making the good money.
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There's got to be more to the decision to build and release or not to build more Jupiters than whether to keep KnC workers busy or the effect on Neptune sales. How often has the Sveriges Riksbank Prize in Economic Sciences been awarded to a Scandinavian? Often. The rise in bitcoin value this last year will be studied closely for its applicability to future well known profitable investments in general. KnC's production decisions will effect the ongoing evolution of economic theory. Just a thought.
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Looking recently at dwindling returns, and although the return is less than what would have been after the attacks on Slush and Eligius the other night, but that not withstanding, the issue of increased difficulty and increasing network hashrate, the decline for a fixed hashing power is enough to make me wonder if it will continue so rapidly down that soon inefficient miners will stop paying their own way.
But the large degree that return will drop isn't effecting the sale of inefficient miners to noobs. They will keep their inefficient miners online come hell or high water because they've paid so much and the chance the mined pittance will become fabulously valuable one day - completely ignoring that buying the btc outright is the smarter move.
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Okay guys so if you’re interested, read this, if you’re not, don’t.
I just ordered a Tiger and a Lion ffrom Xtreme Miners.
I know it is risky, I know it is possible that they are a Scam.
But seriously, many of you mine themselves so they know that this chance is actually bigger than the risk you take.
Go to coinmarketcap.com all the alternative currencies are raising like crazy , because everyone who still has GH miners will now switch to the other currencies – because the BTC difficulty is too high.
This is the chance to mine other currencies like PPCoin.. remember when bitcoin was worth only a few cents and now everyone is like „omg i should have kept those coins“ well now the other currencies are worth a few cents, but they can go up as well
You could win so much with these miners, you could also lose all your mooney, and i take the risk
It used to take me 10 days to mine 10 bitcoins, so if you saved the bitcoins from a couple of months ago, you only lose a couple of days that you have beem mining.
In a few months you will remember this thread and say, you should have invested in the alt-currencies as well
This is simple math: the risk is so tiny compared to the amount of money you could win. We’re all miners and a few months ago my bitcoins were worth 100$. So 10 BTC were worth 1000 $ , and if i invest that now i may lose originally 1000$, but i could get for example a lion that makes 41 btc a month in january (difficulty 2688MM) , that is crazy and the breakeven point is reached super fast.
So if I lose, i lose 10.000$ that were worth $1.000 to me, so the pain is not too big. But if I win, i can get $36.000 (IF the bitcoin price wouldn’t even go up until january)
...seriously, many of you mine themselves... ...now everyone is like „omg i should have kept those coins... ...You could win so much with these miners... ... the risk is so tiny ... money you could win ... ...We’re all miners ... used car salesman I think - ignore the smoke from the tailpipe, I'm not making a penny from the deal |
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damnit knc, why did you have to remove ports 5 & 6 from the Nov Jups.  Some of the Oct Jupiters were shipped with only 4 ports as well. Not really fair for those that planned to upgrade them. $2 in parts, a little soldering skills.... No soldering skills here, but can you link me to the parts? +1 on that request. I solder. It is not a simple as it sounds. The odds are higher that you'll make your controller board non-functional than succeed in adding sockets - unless you are an experienced technician with a lot of soldering time. Get an old motherboard, remove a connector with .1" spacing between the pins even if it has many more pins than the socket you wish to add to the controller board. Try putting one of those sockets into the motherboard. You'll see it's more difficult than you expect. Anyone who would tell a novice to try such a thing to a controller board is looking to reduce the net hashrate by killing your machine. Saying "I solder" is like saying "I Drive" you can be good at it or bad. With a $10 desoldering pump and a decent iron this is (on a scale from 1 to 10, 10 being surface mount technology) a 3 at the worst. Its 10 huge holes that need to be cleared and a socket installed. If the thread weren't 1430 pages, I'd find the post with photos of a user who 'successfully' accomplished the feat. I remember that photo, it was a scary job done by someone who did NOT know how to solder. He didnt clear the holes first If modules are only sold to those previous customers who purchased Mercs or Saturns and those customers are only sold a number of modules that when in addition to any previous modules they've purchase, will complete their machine to upgrade it to a Jupiter, no additional modules will appear on the market. If modules are sold to all pre-existing customers, modules will immediately find their way to ebay, others will be added to Saturns and Mercs filling up the 4 positions, while even more will be sold to Jupiter owners upgrading to 6 or more modules. Of those trying to upgrade to more than 4 modules, some will destroy their controller boards. Of those with destroyed controller boards, most will send them back to KnC and ask for a replacement while agreeing that the replacement isn't under warranty because they mangled it and offering to pay. Others who destroy their controller boards will give up and offer the modules for auction, including the new ones they've obtained. ...but oh yes, controller boards aren't available. So, if you mangle a controller board you may have only the option to sell modules at auction. |
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