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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007438 times)
nightengale
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October 16, 2013, 11:24:03 PM
 #16701

At this point it's become as much about the principle. In my view, the early shipments got early shipments, the latter orders have been offered refunds, and those of us in the middle are getting screwed. My latest message to customer service, after Emilia told me they could not offer compensation, when I wasn't even asking for compensation:

"I'm not asking for compensation. I'm asking for a refund, like those who ordered after me are being offered. I will pay for return shipping. We were told that refunds would be offered up until the point of our orders shipping, but two weeks before mine shipped, we were told there were no more refunds. Then my order is suddenly marked as "shipped" two weeks later (even though I still have no tracking number), refunds are resumed, but I'm told I'm not eligible because my order has already supposedly shipped. Does this sound fair to you? I'm not asking for compensation. I'm just asking for the opportunity to get the refund that was part of the terms of my order. Refunds up to the point of shipping were part of the terms offered by KnC. I will even pay for the return shipping. Please, in the name of fairness, consider this."

This blows.
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October 16, 2013, 11:26:10 PM
 #16702

50btc.com is my backup I find eligius is better I think I fixed something then one of the pools got messed up as I think Cg was putting eligius on http.



why?  I'm asking in earnest.


I know we all say that it doesnt matter which pool is used as they balance out over time but I think that is false.  To me, you would want to be part of the larger pool getting the majority of blocks solved such that you have the highest chance of earning btc within a day.  I would think that picking a smaller pool such as something like ozarks pool or slush or possibly eligus pool you will see a larger proportion of shares per block solved, but that you wouldnt see this payout nearly as often (maybe you would be lucky and your pool would solve one block per day)  My point is that I think you would see a larger per share reward if mining the same hashpower on a smaller pool but it would happen less often...so much less often that you end up losing btc when comparing day to day performance within the same difficulty cycle.

indeed.
from this viewpoint the best case imaginable would be a single pool, but not a centralized one for sure!
so a merge of a p2pool-like implementation into bitcoind would offer both: decentralization and most frequent payout possible with 0% fee



Ok so my experience goes like this  - I got some BEs for super cheap maybe 8 weeks ago.  (around 20 bucks each shipped)  I have them all pointed to two different pools:  1st one was bitminter pool which was hashing around 35 TH at that time.  I was able to get coin steadily, but then one day I just stopped getting paid It was hashing but bitminter ran into a string of bad luck, zero payouts for a day straight.  I was using cex.io at that point and saw that I could point my gear towards ghash.io pool and decided to do that instead as I knew that was a guaranteeds 200+TH all mining for that single pool, yes I did get small payouts per block, but now I'm seeing a block reward on average once every 20-30 minutes not just from once or twice per day. (isnt it doubled now to approximately 400 TH+) (didnt really keep a good comparison between pools for coins earned as the difficulty jumped)...that is what made me switch to staying on ghash.io for my btc mining.  HOWEVER, I am seeing that my hashrate seems to fluxuate a lot more from Ghash.io whereas bitminter seems to have less variation in hashrate and seemed to keep it high consistently. 

I....just like you all......want to make as much money as possible have hashpower wasted as little as possible. 

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October 16, 2013, 11:36:31 PM
 #16703

thanks for sharing experience.

I agree on what you say and I see that -if this would be applied by all- we would end up with one centralized pool in control of everything
therefore I see a need for a next step in evolution, from solo-mining to pool-mining to decentralized p2pool/solo-mining

*edit:
p2pool doesn't work well with KnCMiners right now, do not wast GH/s (just in case one might think I'm suggesting to use it)

!! File Complaints Against KnCMiner NOW !!
..and Thou shalt spread the coin in the name of cryptography for eternity
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October 16, 2013, 11:44:14 PM
 #16704

No of course, it's my prediction, based on my reasoning.

Your "reasoning" is clouded by being a knc-fanboi. The hashrate is not going to "level out" for quite some time.

Hashrate will level out when peoples want/need for money/greed levels out.

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October 16, 2013, 11:44:59 PM
 #16705

At this point it's become as much about the principle. In my view, the early shipments got early shipments, the latter orders have been offered refunds, and those of us in the middle are getting screwed. My latest message to customer service, after Emilia told me they could not offer compensation, when I wasn't even asking for compensation:

"I'm not asking for compensation. I'm asking for a refund, like those who ordered after me are being offered. I will pay for return shipping. We were told that refunds would be offered up until the point of our orders shipping, but two weeks before mine shipped, we were told there were no more refunds. Then my order is suddenly marked as "shipped" two weeks later (even though I still have no tracking number), refunds are resumed, but I'm told I'm not eligible because my order has already supposedly shipped. Does this sound fair to you? I'm not asking for compensation. I'm just asking for the opportunity to get the refund that was part of the terms of my order. Refunds up to the point of shipping were part of the terms offered by KnC. I will even pay for the return shipping. Please, in the name of fairness, consider this."

This blows.

Do you really want a refund on your order ?
http://www.ebay.com/itm/Bitcoin-Miner-KNC-Jupiter-576-GH-s-IN-HAND-not-preorder-/190933709851?pt=LH_DefaultDomain_0&hash=item2c7489341b

*you can sell it with profit

!! File Complaints Against KnCMiner NOW !!
..and Thou shalt spread the coin in the name of cryptography for eternity
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October 16, 2013, 11:51:36 PM
 #16706

5% is 5%... Where does it say that's just for NMC? The top of eligius page says 105% pps, and doesn't specify NMC only on that.  in the end, it's not 5%. Dishonest or misleading at the very least.

It doesn't even say on the Eligius homepage anything about % PPS or anything about NMC for that matter yet because I haven't had a chance to update it.

The forum thread here is titled: Eligius: ASIC, no registration, no fee CPPSRB BTC + 105% PPS NMC, 877 #

This is in no way misleading or even ambiguous.  It says 105% PPS NMC, and the pool pays exactly that with roughly daily NMC payouts.

-wk

Phoenix1969 thought eligius would pay him 105% PPS overall, something only Pirate ever did to launder his ponzi.
What eligius apparently does is pay 5% extra on NMC. I guess Luke has tons of namecoins ?

Eligius has a huge buffer of namecoins, yes.  That combined with not everyone desiring to be paid NMC makes it easy to provide 105% PPS for NMC.

Thank you for explaining that Wizkid  much appriciated.
So, NMC is 105%
and BTC is 100%
that's still the best around.

It's not 100% on BTC, it's 100% minus TX fees, which are probably around 1-2%

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October 17, 2013, 12:00:11 AM
 #16707

No of course, it's my prediction, based on my reasoning.

Your "reasoning" is clouded by being a knc-fanboi. The hashrate is not going to "level out" for quite some time.

Think about it. This shipment has been the most disruptive major volume of hashrate unleashed upon the network in a short period of time. You're seeing the effect of that. KnC aren't shipping for another month. Who else is going to have such a marked effect in that time? When they do ship on the following occasion it's unlikely to be equal to what's shipping now, and even if it was it wouldn't have the effect the current outlay will, because the current shipment will already be part of the total network hashrate at that point. They will not be shipping anything like what they are shipping now PLUS what already existed. Therefore the increase will not be as proportional and be more incremental. What you are seeing now will be the largest single increase - proportionately - for a given finite period.

Why would you use logic instead of FUD? You don't make sense here in these forums.

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October 17, 2013, 12:02:49 AM
 #16708

5% is 5%... Where does it say that's just for NMC? The top of eligius page says 105% pps, and doesn't specify NMC only on that.  in the end, it's not 5%. Dishonest or misleading at the very least.

It doesn't even say on the Eligius homepage anything about % PPS or anything about NMC for that matter yet because I haven't had a chance to update it.

The forum thread here is titled: Eligius: ASIC, no registration, no fee CPPSRB BTC + 105% PPS NMC, 877 #

This is in no way misleading or even ambiguous.  It says 105% PPS NMC, and the pool pays exactly that with roughly daily NMC payouts.

-wk

Phoenix1969 thought eligius would pay him 105% PPS overall, something only Pirate ever did to launder his ponzi.
What eligius apparently does is pay 5% extra on NMC. I guess Luke has tons of namecoins ?

Eligius has a huge buffer of namecoins, yes.  That combined with not everyone desiring to be paid NMC makes it easy to provide 105% PPS for NMC.

Thank you for explaining that Wizkid  much appriciated.
So, NMC is 105%
and BTC is 100%
that's still the best around.

It's not 100% on BTC, it's 100% minus TX fees, which are probably around 1-2%


erm... or maybe everything gets sent in the 25 Bitcoin transaction that the pool mines?Huh? How about that?

What's this with people picking on the pool with the best fees (absence of, plus tx fees to miners, plus 105% NMC!!!) by far?


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October 17, 2013, 12:03:25 AM
 #16709

Think about it. This shipment has been the most disruptive major volume of hashrate unleashed upon the network in a short period of time. You're seeing the effect of that. KnC aren't shipping for another month. Who else is going to have such a marked effect in that time? When they do ship on the following occasion it's unlikely to be equal to what's shipping now, and even if it was it wouldn't have the effect the current outlay will, because the current shipment will already be part of the total network hashrate at that point. They will not be shipping anything like what they are shipping now PLUS what already existed. Therefore the increase will not be as proportional and be more incremental. What you are seeing now will be the largest single increase - proportionately - for a given finite period.

Why would you use logic instead of FUD? You don't make sense here in these forums.
if only people listened to the "FUD" instead of Bitcoinoramas "logic" this thread would be a much happier place right now.
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October 17, 2013, 12:10:29 AM
 #16710

5% is 5%... Where does it say that's just for NMC? The top of eligius page says 105% pps, and doesn't specify NMC only on that.  in the end, it's not 5%. Dishonest or misleading at the very least.

It doesn't even say on the Eligius homepage anything about % PPS or anything about NMC for that matter yet because I haven't had a chance to update it.

The forum thread here is titled: Eligius: ASIC, no registration, NO FEE CPPSRB BTC + 105% PPS NMC, 877 #

This is in no way misleading or even ambiguous.  It says 105% PPS NMC, and the pool pays exactly that with roughly daily NMC payouts.

-wk

Phoenix1969 thought eligius would pay him 105% PPS overall, something only Pirate ever did to launder his ponzi.
What eligius apparently does is pay 5% extra on NMC. I guess Luke has tons of namecoins ?

Eligius has a huge buffer of namecoins, yes.  That combined with not everyone desiring to be paid NMC makes it easy to provide 105% PPS for NMC.

Thank you for explaining that Wizkid  much appriciated.
So, NMC is 105%
and BTC is 100%
that's still the best around.

It's not 100% on BTC, it's 100% minus TX fees, which are probably around 1-2%


erm... or maybe everything gets sent in the 25 Bitcoin transaction that the pool mines?Huh? How about that?

What's this with people picking on the pool with the best fees (absence of, plus tx fees to miners, plus 105% NMC!!!) by far?



was trying to understand it, now I do.
BTW. on the eligius homepage, it says that they pay transaction fees out to miners, and Wizkid(the pool owner) just said so.


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October 17, 2013, 12:21:39 AM
 #16711

posted in a shoutbox I'm not sure how to interpret - any thoughts on this?
http://www.infowars.com/chase-bank-limits-cash-withdrawals-bans-international-wire-transfers/

*edit:
JP Morgan Chase

*another edit:
especially question/answer starting 12:42
where the manager says
"these...these changes usually come from ..ehm..you know..ehm..compliance..and and regulations and..so maybe it is gonna happen across.." (the country)

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October 17, 2013, 12:23:19 AM
 #16712

Seems to be just a ploy to upsell people to a more expensive level of account, which doesn't have those limits.

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October 17, 2013, 12:25:59 AM
 #16713

Hey Luke-Jr, haven't seen you active on this thread in a while (or have I just not noticed?).
This thread moves too fast.
I'd have to waste hours to keep up with it all; I barely noticed your post before I was about to close it again :p
Feel free to PM me links to posts that need my attention...

Have you received your KnCminer yet?
Not yet, I think it was just sent yesterday or today.

Should we be expecting some kind of BFG support sometime soon? One with not so high of an error rate? :-)
I'll see what I can do as soon as it gets here. Can't promise lower error rate, though - there might be a good reason for that.
Accurate reporting of the hashrate after hardware errors, though, is what the 3rd hashrate is for Smiley

Luke

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October 17, 2013, 12:27:06 AM
 #16714

//  ... What you are seeing now will be the largest single increase - proportionately - for a given finite period.  ... //

If this finite period is 9 months (18 difficulty jumps, 30% hike everytime), then that would make all existing ASICs obsolete.

Anyways, 2014 is going to be interesting. Cool

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October 17, 2013, 12:34:39 AM
 #16715

Anyways, 2014 is going to be interesting. Cool

You can say that again.. Time to start saving me pennies.  Cool

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October 17, 2013, 12:38:41 AM
 #16716

Hey Luke-Jr, haven't seen you active on this thread in a while (or have I just not noticed?).
This thread moves too fast.
I'd have to waste hours to keep up with it all; I barely noticed your post before I was about to close it again :p
Feel free to PM me links to posts that need my attention...

Have you received your KnCminer yet?
Not yet, I think it was just sent yesterday or today.

Should we be expecting some kind of BFG support sometime soon? One with not so high of an error rate? :-)
I'll see what I can do as soon as it gets here. Can't promise lower error rate, though - there might be a good reason for that.
Accurate reporting of the hashrate after hardware errors, though, is what the 3rd hashrate is for Smiley

Luke
That would explain why it's missing from KNC's version...  hum


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helmax
Sr. Member
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Activity: 441



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October 17, 2013, 12:38:47 AM
 #16717

any help new guy here


how i use eligius kncminer portal?

i try put http://awesomescreenshot.com/0151u9rg2e

and not work

how i use here?

looking job
Phoenix1969
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Activity: 938


LIR DEV


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October 17, 2013, 12:41:34 AM
 #16718

any help new guy here


how i use eligius kncminer portal?

i try put http://awesomescreenshot.com/0151u9rg2e

and not work

how i use here?
Pool url:     stratum.mining.eligius.st Port:3334
username is your wallet #
why did you put cgminer flags in the url anyway?... just curious?


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helmax
Sr. Member
****
Offline Offline

Activity: 441



View Profile
October 17, 2013, 12:47:10 AM
 #16719

any help new guy here


how i use eligius kncminer portal?

i try put http://awesomescreenshot.com/0151u9rg2e

and not work

how i use here?
Pool url:     stratum.mining.eligius.st Port:3334
username is your wallet #
why did you put cgminer flags in the url anyway?... just curious?

thanks need put password?

looking job
btcusr
Sr. Member
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Activity: 398


@_vjy


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October 17, 2013, 12:55:20 AM
 #16720

Some details,

//  ... What you are seeing now will be the largest single increase - proportionately - for a given finite period.  ... //

If this finite period is 9 months (18 difficulty jumps, 30% hike everytime), then that would make all existing ASICs obsolete.

Now the question is whether ASIC companies can do this for straight 9 months? Cointerra miners expected to release in 3 months (2014 Jan), priced @ $3 per GHash. At $1 per GHash levels, 1 PHash miner is just $1 million. At 167 Phash ($167 million ≈ 3 months of mtgox USD volume), no miners that exist now can do profitable electricity » Bitcoin conversion (per,  https://bitcointalk.org/index.php?topic=281279.0).

What's next? 22nm ASICs? Solar? Wind? Anyways, 2014 is going to be interesting. No FUD, just FYI. Cool

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