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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011932 times)
xstr8guy
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October 01, 2013, 01:20:51 AM
 #12361

so just wondering what if i went and got a corsair ax760 for a mercury miner. overkill? waisting money for platinum cert? Its all digital...

Not overkill, it's 'future proof'!  And great PSU.  Now you'll have extra power if you want to add a couple of KNC expansion modules. Or you could even power several Blades or a Bitfury kit from the same PSU.
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October 01, 2013, 01:26:04 AM
 #12362

Has anyone received a tracking number? or any pool hits?

Has there been instructions for hosted customers to log in to the pool site, do we have a pool site URL?  I've not seen anything any my wallet address hasn't received any payments.
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October 01, 2013, 01:29:38 AM
 #12363

You know what's scary? People who pre-ordered kncminer gear seem to have basically won the lottery. There was no particular reason to think kncminer was more likely to succeed than many of the others who have attempted to make ASIC miners, and many fail. It looks like kncminer will deliver on time, or very very close to that, and well over specifications. And yet, it's unlikely that many of those who pre-ordered will ever mine as many Bitcoins as they paid for their miners, after the cost of electricity is deducted.

It's simple economics. If mining is particularly profitable, then more people will mine. This will continue until mining is not particularly profitable.

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josh_nc
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October 01, 2013, 01:33:01 AM
 #12364

Why not talk about something of interest instead of bs? For example to kick start a more interesting conversation. Most here I gather are interested in making money on bitcoins. So, do we have a good product anywhere? I'd say no. And what would be a decent product? One that takes seriously the difficulty rate. Has anyone noticed the amount of bs in the bitcoin calculators? None take into account the most important factor: difficulty ratio! You plug your hash speed and they all spew ROI in so many days/weeks/months. What a bunch of crap! No difficulty into consideration at all. So, what is a good product? One that allows us to add on as difficulty increases. Is anyone producing these? Of course not. Why not? And why do I say of course not?... there, now someone else add something to this conversation which is quite a propos.
demonmaestro
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October 01, 2013, 01:34:17 AM
 #12365

so just wondering what if i went and got a corsair ax760 for a mercury miner. overkill? waisting money for platinum cert? Its all digital...

Not overkill, it's 'future proof'!  And great PSU.  Now you'll have extra power if you want to add a couple of KNC expansion modules. Or you could even power several Blades or a Bitfury kit from the same PSU.

Cool thanks.
Although the 1200ax is about 120 bucks more.. hmmm.. should i or shouldn't i is the question..  Huh

I dont give 2 shits about ROI but I am very glad that KNC is making it worth the wait. Do keep in mind this is printed circut boards and thus can product product QUICK! Shocked Cool

Cannot wait to get it in the mail.

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October 01, 2013, 01:35:35 AM
 #12366

You know what's scary? People who pre-ordered kncminer gear seem to have basically won the lottery. There was no particular reason to think kncminer was more likely to succeed than many of the others who have attempted to make ASIC miners, and many fail. It looks like kncminer will deliver on time, or very very close to that, and well over specifications. And yet, it's unlikely that many of those who pre-ordered will ever mine as many Bitcoins as they paid for their miners, after the cost of electricity is deducted.

It's simple economics. If mining is particularly profitable, then more people will mine. This will continue until mining is not particularly profitable.
the only way to win is to bet on all horses

that being said, holy fuck, what the fucking shit, 620 fucking pages of shitposting?  thank god i avoided this shitfest of a thread

So what day 1/2/3 orders are shipping soon, and did they bump the hash rate up or something?  Was it just Jupiter orders that got free upgrades or Saturn as well?
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October 01, 2013, 01:39:43 AM
 #12367



Jupiter is now >= 500GH.

http://www.youtube.com/watch?v=JFOcI8nK2xI&hd=1

JoelKatz
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October 01, 2013, 01:39:49 AM
 #12368

the only way to win is to bet on all horses
Try that at the track and see how well it works. Smiley

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October 01, 2013, 01:39:55 AM
 #12369


So what day 1/2/3 orders are shipping soon, and did they bump the hash rate up or something?  Was it just Jupiter orders that got free upgrades or Saturn as well?


Free upgrades? You mean higher hashrate than projected? Obviously the Mercury has one chip, Saturn two chips and Jupiter 4 chips so they all are all approx. 40% higher than projected. Nothing has shipped yet as far as we know.
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October 01, 2013, 01:41:08 AM
 #12370

the only way to win is to bet on all horses
Try that at the track and see how well it works. Smiley
Don't take metaphors so literally
ecliptic
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October 01, 2013, 01:42:48 AM
 #12371


So what day 1/2/3 orders are shipping soon, and did they bump the hash rate up or something?  Was it just Jupiter orders that got free upgrades or Saturn as well?


Free upgrades? You mean higher hashrate than projected? Obviously the Mercury has one chip, Saturn two chips and Jupiter 4 chips so they all are higher. Nothing has shipped yet as far as we know.
I guess?  I didn't step foot in this thread since months ago, since i knew literally nothing good would come of it, but now that they're shipping I thought i'd check in, and apparently people are saying the units have been bumped up in hashing power compared to what was listed when orders were placed months ago?
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October 01, 2013, 01:43:30 AM
 #12372

This is from their twitter 4 hrs ago:

KNC Miner ‏@kncminer 4h
Jupiter speed now at 596
r1senfa17h
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October 01, 2013, 01:44:58 AM
 #12373

Why not talk about something of interest instead of bs? For example to kick start a more interesting conversation. Most here I gather are interested in making money on bitcoins. So, do we have a good product anywhere? I'd say no. And what would be a decent product? One that takes seriously the difficulty rate. Has anyone noticed the amount of bs in the bitcoin calculators? None take into account the most important factor: difficulty ratio! You plug your hash speed and they all spew ROI in so many days/weeks/months. What a bunch of crap! No difficulty into consideration at all. So, what is a good product? One that allows us to add on as difficulty increases. Is anyone producing these? Of course not. Why not? And why do I say of course not?... there, now someone else add something to this conversation which is quite a propos.

Really? I've seen plenty. Check this one out for instance.

1N3o5Kyvb4iECiJ3WKScKY8xTVXxf1hMvA
Syke
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October 01, 2013, 01:45:24 AM
 #12374

This is from their twitter 4 hrs ago:

KNC Miner ‏@kncminer 4h
Jupiter speed now at 596

And this is from the actual mining:

Quote
3 hours   474.37 Gh/s

Buy & Hold
rolling
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October 01, 2013, 01:50:20 AM
 #12375

This is from their twitter 4 hrs ago:

KNC Miner ‏@kncminer 4h
Jupiter speed now at 596

And this is from the actual mining:

Quote
3 hours   474.37 Gh/s


Could be tuning another unit.
Loredo
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October 01, 2013, 01:54:06 AM
 #12376

the only way to win is to bet on all horses
Try that at the track and see how well it works. Smiley
Yeah, funny how that 15% house take gives you back 0.85 for every 1.00 you bet.  There are successful pari-mutual methods, though.  See Epstein's Theory of Gambling and Statistical Logic (Academic Press) for references.
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October 01, 2013, 01:54:30 AM
 #12377

You know what's scary? People who pre-ordered kncminer gear seem to have basically won the lottery. There was no particular reason to think kncminer was more likely to succeed than many of the others who have attempted to make ASIC miners, and many fail. It looks like kncminer will deliver on time, or very very close to that, and well over specifications. And yet, it's unlikely that many of those who pre-ordered will ever mine as many Bitcoins as they paid for their miners, after the cost of electricity is deducted.

It's simple economics. If mining is particularly profitable, then more people will mine. This will continue until mining is not particularly profitable.
the only way to win is to bet on all horses

that being said, holy fuck, what the fucking shit, 620 fucking pages of shitposting?  thank god i avoided this shitfest of a thread

So what day 1/2/3 orders are shipping soon, and did they bump the hash rate up or something?  Was it just Jupiter orders that got free upgrades or Saturn as well?

with this kind of info gathering, no wonder you have to bet on all horses... there was a lot of good intel going on in the early stages of KNC and to the victor, goes the spoils  Lips sealed

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Loredo
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October 01, 2013, 01:55:31 AM
 #12378

This is from their twitter 4 hrs ago:

KNC Miner ‏@kncminer 4h
Jupiter speed now at 596

And this is from the actual mining:

Quote
3 hours   474.37 Gh/s


Could be tuning another unit.
<trolling>Could be a hundred Jally's that they bought on ebay with pre-order funds, too. </trolling>
Loredo
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October 01, 2013, 01:57:09 AM
 #12379

One last thing to mention, and since the naysayers have to fall back to the "won't NOI" sour grapes position, it's sort of on topic here. 

That is, how bogus all the linear or constant-growth exponential calculators are, and why only a troll or fool would quote, let alone believe, those results.

There's a function used in mathematical biology modeling named the Gompertz function.  It's got a rich literature, and a pretty useful Wiki page. 

Basically, say you have a fixed food supply in a fixed space for a single-cell population.  The population will start to grow, at a faster and faster rate, reaching a maximum growth rate, and then, as food for any individual becomes relatively scarce with the increasing competition from growing population, growth slows and ultimately flatlines until there are changes in the external conditions, or mutations with the population that give a new strain a (temporary) competitive advantage.

If that doesn't sound like bitcoin mining to you, maybe you're in the wrong racket.

Somebody ought to produce a calculator that entails Gompertz parameter estimation (which are functions of power consumption, absolute hardware costs, etc.) to give people a chance to estimate the real economics, instead of calculations which have (I'm exaggerating here) more petahash on line in 2015 than there are gigawatts of electricity to power the network. 

I know, for a fact, that some exist.  Just not yet, it seems, in the public space.   
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October 01, 2013, 01:58:28 AM
 #12380

My prediction is that KNCminer are going to double the current net hash over the next few weeks depending on how fast the couriers are to get the boxes out to people. It will be interesting to see what the mining calculators have to say about that when it happens, bet they didn't see that coming. Then add to that what the other ASIC vendors ship, and October is going to be a crazy month.


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