KnC new toys

[Amph]

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.

arent' they only producing HW for themselves now? i read it from another user, if this is the case, there is no problem of unsolved pre-order or scamming in general from them

we already know that they first wait for roi and then sell, or that they sell when there is no big profit to be made anymore

[Moebius327]

http://www.kncminer.com/blog/newsarchive

"KnCMiner Just Broke All World Records Running A New 3D Bitcoin Mining Chip At 16 Nanometer"

They claim 0.07W/GH interesting to see how other miners will react when deploying new mines.

[klondike_bar]

http://www.kncminer.com/blog/newsarchive

"KnCMiner Just Broke All World Records Running A New 3D Bitcoin Mining Chip At 16 Nanometer"

They claim 0.07W/GH interesting to see how other miners will react when deploying new mines.

0.07w might be at severe underclocking and at the chip level. In actual implementation its likely 0.15-0.4w/gh at the wall depending if you over/underclock

[spazzdla]

http://www.kncminer.com/blog/newsarchive

"KnCMiner Just Broke All World Records Running A New 3D Bitcoin Mining Chip At 16 Nanometer"

They claim 0.07W/GH interesting to see how other miners will react when deploying new mines.

0.07w might be at severe underclocking and at the chip level. In actual implementation its likely 0.15-0.4w/gh at the wall depending if you over/underclock

Even 100GH/s at .07w/GH is amazingly awesome.

[MCHouston]

Too bad they only make the hardware for themselves now.  So announcing it is kind of just rubbing it in everyone's face.

[Moebius327]

Too bad they only make the hardware for themselves now.  So announcing it is kind of just rubbing it in everyone's face.

Yeah, that's what I am wondering. Why are they announcing this if they only manufacture for themselves? It's kind of revealing a competitive advantage on purpose. Maybe they need funding.

[Xialla]

ahh maybe they just need some PR and visibility...or funds..or both..

omg I so hate KNC...

[adaseb]

This hardware is probably already running.

Basically many have shut down their miners due to summer while the difficulty remained the same.

[philipma1957]

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

no they won't that would be moron. basic economics  is freeze diff lower power due to low price of coins.

jumping the diff will kill them.

if they had 20ph at 10 megawatts   they can now have 20 ph at 1.4 meagwatts.  thus saving 8.6 megawatts on their power bill.


they have 0 need to raise the ph.  the entire reason diff is frozen is the big guys have all decided to freeze ph and lower power costs.

this is not changing until coins go up.

[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

no they won't that would be moron. basic economics  is freeze diff lower power due to low price of coins.

jumping the diff will kill them.

if they had 20ph at 10 megawatts   they can now have 20 ph at 1.4 meagwatts.  thus saving 8.6 megawatts on their power bill.


they have 0 need to raise the ph.  the entire reason diff is frozen is the big guys have all decided to freeze ph and lower power costs.

this is not changing until coins go up.

thinking about it now, and you are right, dumping less because you consume less, is a form of earning too, also will help the market indirectly

[crazyearner]

Well all I know i am holding off selling any more coin as block rewards going to be halfing next year so might as grab as much as can now and see where prices go next eyar and no doubt some more equipment will come out but looking ahead it wont be worth the rewards.

[s1gs3gv]

the entire reason diff is frozen is the big guys have all decided to freeze ph and lower power costs.

Are you claiming there is collusion between KNC and other big miners to freeze their market share ?

[MrMissile]

the entire reason diff is frozen is the big guys have all decided to freeze ph and lower power costs.

Are you claiming there is collusion between KNC and other big miners to freeze their market share ?

It would make sense to freeze ph and try for better efficiency, why would they want to start a larger ph race guarenteed to increase difficulty.  They'll make plenty running more efficient equipment and not adding to more market burden.

[s1gs3gv]

the entire reason diff is frozen is the big guys have all decided to freeze ph and lower power costs.

Are you claiming there is collusion between KNC and other big miners to freeze their market share ?

It would make sense to freeze ph and try for better efficiency, why would they want to start a larger ph race guarenteed to increase difficulty.  They'll make plenty running more efficient equipment and not adding to more market burden.

On the contrary … if you have a new 16nm 3d finfet high efficiency technology rolling out it would make sense to try to gain market share before others catch up.

[trendax]

The 16nm 3d finfet looks like an exciting and impressive chip, certainly another leap forward for technology in the mining industry.
I'm interested to know if anyone had or has a mining contract with KnC? What was the service like and did you ROI?
Also, given the 16nm deployment, will anyone be looking to purchase new contracts?

[crazyearner]

The 16nm 3d finfet looks like an exciting and impressive chip, certainly another leap forward for technology in the mining industry.
I'm interested to know if anyone had or has a mining contract with KnC? What was the service like and did you ROI?
Also, given the 16nm deployment, will anyone be looking to purchase new contracts?

Simple answer to KNC services do not use now and do not use in the future they had equipment in the past broke promises to customers and ran things totally wrong people had massive delays on equipment being shipped out and all they said and did was well as you guessed it nothing and didn't even bother to compensate. All they where interested in and are interested in now is other peoples money to make them rich

[MrMissile]

the entire reason diff is frozen is the big guys have all decided to freeze ph and lower power costs.

Are you claiming there is collusion between KNC and other big miners to freeze their market share ?

It would make sense to freeze ph and try for better efficiency, why would they want to start a larger ph race guarenteed to increase difficulty.  They'll make plenty running more efficient equipment and not adding to more market burden.

On the contrary … if you have a new 16nm 3d finfet high efficiency technology rolling out it would make sense to try to gain market share before others catch up.

I can see that raising profit as well, but also raising difficulty.  If it's a way more efficient machine, wouldn't you want to weigh the profits of running the same ph at less wattage and maintaining difficulty vs raising the ph maintaining the same wattage and increasing difficulty to see which maximizes profit?  The difficulty won't increase immediately but will catch up if you increase ph...

I'm thinking largescale miners will eventually have to start scaling down to the most efficiency vs most gain as rewards keep halving.  I can't imagine it being cost effective to run all out full bore till the end of rewards when the only take will be transaction percentages.

[crazyearner]

the entire reason diff is frozen is the big guys have all decided to freeze ph and lower power costs.

Are you claiming there is collusion between KNC and other big miners to freeze their market share ?

It would make sense to freeze ph and try for better efficiency, why would they want to start a larger ph race guarenteed to increase difficulty.  They'll make plenty running more efficient equipment and not adding to more market burden.

On the contrary … if you have a new 16nm 3d finfet high efficiency technology rolling out it would make sense to try to gain market share before others catch up.

I can see that raising profit as well, but also raising difficulty.  If it's a way more efficient machine, wouldn't you want to weigh the profits of running the same ph at less wattage and maintaining difficulty vs raising the ph maintaining the same wattage and increasing difficulty to see which maximizes profit?  The difficulty won't increase immediately but will catch up if you increase ph...

I'm thinking largescale miners will eventually have to start scaling down to the most efficiency vs most gain as rewards keep halving.  I can't imagine it being cost effective to run all out full bore till the end of rewards when the only take will be transaction percentages.

Large miners ahve already been doing that even someone who I speak to has started selling his equipment making room for newer when it comes out. Mining now is a rats race first in last out last in never out. Eve nwith some of the bigger units like s5 should only be available to customers and x amount of machines per customer to balance the loads out and not have corporate company's or massive company's having their way and raking all the coins in. Should be limited per customer and customers should come first before businesses customers

[MrMissile]

I can agree to that, it needs to be spread around to keep it truly decentralized.  Otherwise, we'll have the Official Bank of Bitcoin savings and loan to be dealing with, defeating the purpose of bitcoin in the first place.

What are the chances a HUGE investor would come in at the end and buyout all the large farms in order to control most of the transactions in the future? I know that's way in the future and I'm probably way off the original topic now...sorry!

[Fatman3001]

The idea that they would swap PH for PH doesn't fly. They have a competitive advantage which will force other miners off the network. With 4 cents per kWh they can stay profitable for much longer than most, even with current tech. With electricity usage down 60-80% they can easily double the network and remain plenty profitable per minted coin. But now they will mint much more of them. Plus, they've already announced new data centers with several tens of megawatt of electricity available.

Too bad they only make the hardware for themselves now.  So announcing it is kind of just rubbing it in everyone's face.

Yeah, that's what I am wondering. Why are they announcing this if they only manufacture for themselves? It's kind of revealing a competitive advantage on purpose. Maybe they need funding.

To discourage the rest of us from buying more miners.