KnC new toys

[Dexter770221]

Prepare for diff rise...
https://twitter.com/kncminer/status/605651201141690368

[TheRealSteve]

Good.  The more movement, the more other companies will be stirred as well.  Too bad 'other companies' can be counted on 1 hand now

[alh]

Prepare for diff rise...
https://twitter.com/kncminer/status/605651201141690368

This all depends on how KNC decides to deploy their newly minted gear. If they replace N Megawatts of old gear with N Megawatts of new (more efficient) gear, then difficulty will rise. On the other hand if they replace X Petahash of old gear with X Petahash of new gear, then difficulty won't change, and they pay less for electricity.

It's not a requirement that they force a difficulty increase, and start a news "Arms Race" in Bitcoin mining.

[Amph]

they are going to rise the diff, obviously, by going with more power hash and less wattage consumed, hence more coins mined for them, which mean more dumping, because they will pay the same old electricity

but i doubt others companies will stay watching without doing nothing, we can guess that they will dump more for 1-3 months, before the ratio will return, as it is right now

[Jamphone]

Their leaked financials suggest they lost money in late 2014, despite having their mine up and running full blast. The cost of doing business is so high in Sweden, I think their mega-DC will always be under water. Similar prices for electricity but cheaper construction, taxes and labour in Canada, America, China, the Republic of Georgia etc. have them beat.

They need this chip to keep that project alive and justify to investors why they put $20 million into a data centre that the Chinese have replicated for $5 million.

[akashamar]

It will be interesting to see the stability of this 16nm 3D chip ... chips, based on this technology have failed on several experimental products in other IT areas ...  would really love to see some independent review once these miners are actually supposed to be hashing (not just on photo).

[valkir]

Wondering if they will do home miner with it!? Probably not 

[spazzdla]

Wondering if they will do home miner with it!? Probably not 

I think the idea of a home miner is almost gone..  Bitmain and rock miner are the only ones left that really make small miners for home miners..  Spoondlies are all pretty pricy..  Although I suppose still pretty logical for a small mining operation.

A shame.. we need home miners to keep it decentralized.

[GigaBit]

Right now, KnC is in a lot of legal turmoil... they will likely waste a lot of their budget on defense.
If not, they will go the way of Butterfly Labs...
I would be more ready to bet on KnC's closure than releasing a new chip any time soon, let alone half the process of what is readily available.
They've got a mad stance against home mining so I wouldn't put my hopes up on them releasing a home miner.
They were selling Uranus 3Th.s or whatever for a few $100 bills and no one were buying them even at that price.

KnC's a shill, a shady outfit, I wouldn't put my money on them... never did, never likely will either.

Bitmain & Spondoolies FTW

[spazzdla]

Right now, KnC is in a lot of legal turmoil... they will likely waste a lot of their budget on defense.
If not, they will go the way of Butterfly Labs...
I would be more ready to bet on KnC's closure than releasing a new chip any time soon, let alone half the process of what is readily available.
They've got a mad stance against home mining so I wouldn't put my hopes up on them releasing a home miner.
They were selling Uranus 3Th.s or whatever for a few $100 bills and no one were buying them even at that price.

KnC's a shill, a shady outfit, I wouldn't put my money on them... never did, never likely will either.

Bitmain & Spondoolies FTW

Rockminer!!!!!  You guys should try out some of rockminer stuff.  Both of their R-boxs have worked perfectly for me.  The "new r-box" I have had running with no issue for over 6 months.

[gallery2000]

 We want KNC to fail.  

[TheRealSteve]

They were selling Uranus 3Th.s or whatever for a few $100 bills and no one were buying them even at that price.

You're mixing up companies - though I don't blame you.. the companies deciding to take each others' naming schemes is a bit questionable at best.  Then again, HashCoins also copy/pasted KnC's terms & conditions, so what can one expect.
KnCMiner: Jupiter, Neptune, 'Solar'
HashCoins: Uranus (maybe)

Bitmain & Spondoolies FTW

I wish the latter held as true today as it did before, but such are the realities of the market.

We want KNC to fail. 

Step 1: Get people to stop throwing money at them; https://www.google.com/webhp?#q=site:bitcointalk.org+xbt+knc&tbs=qdr:m
Step 2: ... no idea, figure Step 1 out first 

[crazyivan]

Maybe 21 can go solar as well.

I want my phone to mine BTC and to be solar powered.

[TheRealSteve]

Maybe 21 can go solar as well.

I want my phone to mine BTC and to be solar powered.

Just in case this was serious - 'Solar' is just the name.. goes with their naming scheme - 'solar system' and all.  Nothing to do with being solar-powered  But if solar-powered is what you want, here's one chap's on-going efforts: [Project] Solar Powered Bitcoin Mining Rig

Edit: And there used to be a Streamium stream of a solar powered rig, but either Streamium broke the link or it's all behind registration bits now or...who knows.  Here's a reference link anyway: http://streamium.directory/list/89/the-worlds-first-cost-effective-solar-miner-2/
Edit 2, more info: http://www.np.reddit.com/r/Streamiumlive/comments/38gr0u/the_worlds_first_cost_effective_solar_miner_1hr/

[DevonMiner]

Wondering if they will do home miner with it!? Probably not 

I'm REALLY hoping they don't offer another home miner, enough people have been badly burnt by these bastards.

True they might be burning quite a few mined BTC on legal bills ... they spent the proceeds of previous home miner sales making the death star dator hall.

Go die KNC ... and then investors might realize what a mistake they made.

[crazyearner]

Who knows what will happen if they really have made it to scam this becoming more like another BFL case making BS promises that cant be kept and shit happens. If it does happen at least it will push other companies to get up to speed with what they have and push the miners to a new level.

[johnyj]

If that chip really works like they described, 6-8x more efficient than current design, then they will have lots of room to play. Their closed operation will not raise the difficulty too much, while they can comfortably enjoy the efficiency advantage for a while

[TheRealSteve]

This all depends on how KNC decides to deploy their newly minted gear. [...] It's not a requirement that they force a difficulty increase, and start a news "Arms Race" in Bitcoin mining.

A higher total hashrate of the Bitcoin network further increases the system's integrity and security. Bitcoin aficionados worldwide can rejoice as they watch the full hashrate of the network increase over the coming weeks and months.

[armedmilitia]

A higher total hashrate of the Bitcoin network further increases the system's integrity and security. Bitcoin aficionados worldwide can rejoice as they watch the full hashrate of the network increase over the coming weeks and months.

That's bullshit. Distribution of hashrate is what matters, not total hashrate. All the extra miners on the network will belong to KNC...
/rant

[alh]

A higher total hashrate of the Bitcoin network further increases the system's integrity and security. Bitcoin aficionados worldwide can rejoice as they watch the full hashrate of the network increase over the coming weeks and months.

Thank God KNC will be around to increase the total hash rate of the Bitcoin network. I have been thinking to myself how insecure the network could be right now. It's obvious to anybody, that we really need another 50Ph to be "more secure". I think we know how much more secure folks felt as the difficulty rose 10% every 2 weeks. I will be rejoicing for sure when it arrives!  

What a load of horse poop.