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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007788 times)
ur0pl
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October 17, 2013, 07:52:03 AM
 #16761

Wow the genesisblock calculator updated.  Very grim...mining equipment will be lucky to make half of their value back.

http://mining.thegenesisblock.com/

I think those who deny this will be very disappointed.  You aren't really competing against each other anymore hoping your neighbor drops out.  China is ramping up for their own large scale corporate farms.  http://feedproxy.google.com/~r/TheGenesisBlock/~3/W0-SZClMliA/

I see no reason to believe this won't keep expanding by small amounts of very wealthy people despite the average person bailing out.  You'll get far more BTC for your $ if just buying direct now.




Dude the hashrate is about to level out for a bit not, continue growing like this for a while. This has been the first shipment of a major die shrink. If anything it shows the genesis block was way off base all along, as I previously stated. This will be a huge step up over a couple of weeks and then there won't be anything in such a huge multiple in one go on to make such a marked effect on the hashrate again for sometime. More a plateau You certainly won't see a doubling of the current hashrate as it stands after the KnC delivery for a while yet, even during their November shipment. If they were to ship anywhere near what they shipped just now, it'll increase the current hashrate by a proportion, not a multiple due to the cumulative effect of this wave.

What about Hashfast? They are coming online with at least 550 orders. Their chip could probably be overclocked to 600 gh/s. So that means about 330 terahash added. then other companies too, there aren't a waiting period for new companies to come out with hardware, they are doing it right now
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October 17, 2013, 07:59:53 AM
 #16762

What about Hashfast? They are coming online with at least 550 orders. Their chip could probably be overclocked to 600 gh/s. So that means about 330 terahash added.

330 TH is less than 15% of the current network, likely 10% by the time they ship.
Of course I do expect HF to ship considerably more than 550 babyjets.
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October 17, 2013, 08:11:04 AM
 #16763

KNCMINER hardware owns 20% of the network according to http://thegenesisblock.com/bitcoin-network-doubles-2-phs-four-weeks-first-1-phs-took-4-7-years/. What ever happened to "Network protection statement" ?

that article probably didn't calculate bitfury in, but whatever
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October 17, 2013, 08:12:33 AM
 #16764

I get my miner tomorrow, and I would be lucky if I make ROI. I wish I could turn a profit. I wish i could pay off debts.

financial ruin:
I thought bitcoin would make my life better, but it has turned out to put me in debt.

Just when I thought I could get ahead, I don't make it.
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October 17, 2013, 08:13:20 AM
 #16765

KNCMINER hardware owns 20% of the network according to http://thegenesisblock.com/bitcoin-network-doubles-2-phs-four-weeks-first-1-phs-took-4-7-years/. What ever happened to "Network protection statement" ?

that article probably didn't calculate bitfury in, but whatever

What about Network protection statement? It's not KnC, but their hardware. The hardware itself is spread out among many players.

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“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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Mining for the hell of it.


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October 17, 2013, 08:13:58 AM
 #16766

I get my miner tomorrow, and I would be lucky if I make ROI. I wish I could turn a profit. I wish i could pay off debts.

financial ruin:
I thought bitcoin would make my life better, but it has turned out to put me in debt.

Should of gotten coins instead of mining equiptment.



I wonder how long it will sit "in progress"

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October 17, 2013, 08:14:46 AM
 #16767

I get my miner tomorrow, and I would be lucky if I make ROI. I wish I could turn a profit. I wish i could pay off debts.

financial ruin:
I thought bitcoin would make my life better, but it has turned out to put me in debt.

This has been said before. May times over. Do not invest more than you can comfortably lose. And never, ever borrow money to put into high-risk investments.


Should of gotten coins instead of mining equiptment.

Even that can potentially give you a nice large negative ROI. Be prepared to lose.

#101Life
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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October 17, 2013, 08:17:48 AM
 #16768


This has been said before. May times over. Do not invest more than you can comfortably lose. And never, ever borrow money to put into high-risk investments.


Different mining calculators said that I couldn't lose and this was not high risk.
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October 17, 2013, 08:20:33 AM
 #16769


This has been said before. May times over. Do not invest more than you can comfortably lose. And never, ever borrow money to put into high-risk investments.


Different mining calculators said that I couldn't lose and this was not high risk.



Should have looked at it likethis:

Hardware is a PC. Its pretty much a sunk cost...period.  Don't buy them with expectation of gaining anything.  This is like the same thing as Nuclear winter.  Can't start a hot war because then everyone who breathes the same air is now poisoned...just like how now that everyone has access to mondoloads of hashpower your sliver of that same size of pie is now going to be smaller than crumbs upon crumbs upon crumbs

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October 17, 2013, 08:21:43 AM
 #16770

KNCMINER hardware owns 20% of the network according to http://thegenesisblock.com/bitcoin-network-doubles-2-phs-four-weeks-first-1-phs-took-4-7-years/. What ever happened to "Network protection statement" ?

that article probably didn't calculate bitfury in, but whatever

will be interesting to see when KNC gets its next lot out after Nov 15th if they will really halt production until feb/march to protect the network...they had a disclaimer thou if the others still ship in mass they would match...but KNC says they will never mine more then 5% I think it was of what they sell...so the question is ....do they sit back and mine  at lower difficulty and take their time on next gen mining equip and skip this whole flood from nov thru feb and just sit back and mine....perhaps really pulling something even better out of the old 'tech shed' and/or..getting kudos from the knc customers and pre-orders for their next run of machines....by being not quite so blantant in their approach to this business (ie we want repeat customers) ..or do they try to keep up with everyone else and keep/expand market share...trying to stamp out BFL and others before they re-coup?

(hmmm.....will probably be more drama and such with these ASIC miners then a season of Game of Thrones...."To play the game of ASIC Mnfg you win or you die!"



see the below clip all sorts of sayings from the series correspond with asic mining ..the use of power and such...heh...

http://www.youtube.com/watch?v=Dku_Uya8Ygc

Searing

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ur0pl
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October 17, 2013, 08:23:06 AM
 #16771

it would be nice if bitcoin went over 200 again or i could sell my equipment on ebay for 10k or so
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October 17, 2013, 08:24:15 AM
 #16772

KNCMINER hardware owns 20% of the network according to http://thegenesisblock.com/bitcoin-network-doubles-2-phs-four-weeks-first-1-phs-took-4-7-years/. What ever happened to "Network protection statement" ?

that article probably didn't calculate bitfury in, but whatever

will be interesting to see when KNC gets its next lot out after Nov 15th if they will really halt production until feb/march to protect the network...they had a disclaimer thou if the others still ship in mass they would match...but KNC says they will never mine more then 5% I think it was of what they sell...so the question is ....do they sit back and mine  at lower difficulty and take their time on next gen mining equip and skip this whole flood from nov thru feb and just sit back and mine....perhaps really pulling something even better out of the old 'tech shed' and/or..getting kudos from the knc customers and pre-orders for their next run of machines....by being not quite so blantant in their approach to this business (ie we want repeat customers) ..or do they try to keep up with everyone else and keep/expand market share...trying to stamp out BFL and others before they re-coup?

(hmmm.....will probably be more drama and such with these ASIC miners then a season of Game of Thrones...."To play the game of ASIC Mnfg you win or you die!"



see the below clip all sorts of sayings from the series correspond with asic mining ..the use of power and such...heh...

http://www.youtube.com/watch?v=Dku_Uya8Ygc

Searing

you are lucky that you could get a refund
ur0pl
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October 17, 2013, 08:26:14 AM
 #16773

What are KNCMiner's plans on being able to upgrade units?
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October 17, 2013, 08:35:18 AM
 #16774

God I hope bitcoin soars up to 160 by the end of the month.
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October 17, 2013, 08:37:50 AM
 #16775

KNCMINER hardware owns 20% of the network according to http://thegenesisblock.com/bitcoin-network-doubles-2-phs-four-weeks-first-1-phs-took-4-7-years/. What ever happened to "Network protection statement" ?

that article probably didn't calculate bitfury in, but whatever

will be interesting to see when KNC gets its next lot out after Nov 15th if they will really halt production until feb/march to protect the network...they had a disclaimer thou if the others still ship in mass they would match...but KNC says they will never mine more then 5% I think it was of what they sell...so the question is ....do they sit back and mine  at lower difficulty and take their time on next gen mining equip and skip this whole flood from nov thru feb and just sit back and mine....perhaps really pulling something even better out of the old 'tech shed' and/or..getting kudos from the knc customers and pre-orders for their next run of machines....by being not quite so blantant in their approach to this business (ie we want repeat customers) ..or do they try to keep up with everyone else and keep/expand market share...trying to stamp out BFL and others before they re-coup?

(hmmm.....will probably be more drama and such with these ASIC miners then a season of Game of Thrones...."To play the game of ASIC Mnfg you win or you die!"



see the below clip all sorts of sayings from the series correspond with asic mining ..the use of power and such...heh...

http://www.youtube.com/watch?v=Dku_Uya8Ygc

Searing

you are lucky that you could get a refund

not sure about the refund yet..a guy posted he got such for hosting...not sure if it applies in that I think 'everyone' in now in processing mode rather then paid at knc we will see
if they send it i'll keep it..if they don't prob best to wait till this madness is over the next couple months (then again i'm always wrong feel free to re-post this which ever way it goes.it will be useful in proving me clueless yet again...) also yeah refund did not learn that lesson with BFL (maybe this time?)

(if I get refund btc will go to 500 a coin...if I don't get  a refund it will go to 50 bucks a coin....the ASIC gods hate me imho)

Searing

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Searing
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October 17, 2013, 08:40:19 AM
 #16776

What are KNCMiner's plans on being able to upgrade units?

to tell you the honest truth I bet they don't have a clue yet..i bet they look around after the 2nd knc run of machines after Nov 15th and then try to get a handle on it

It is just too fluid with too many players and too many closed 'order books" for anyone imho to make an even "uneducated guess"

Searing

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October 17, 2013, 08:42:59 AM
 #16777

it would be nice if bitcoin went over 200 again or i could sell my equipment on ebay for 10k or so

You could mine a few days, whack it on Ebay with a reserve (and avoid paypal to avoid problems..maybe local pickup as it's big and fragile?) while the auction runs...it sells OK you make break even, it doesn't not much of a downside Smiley

We missed the days when mining made people rich by some margin...any other frame of mind will hurt.
I always knew this, and accepted the risk of KnC turning out to be another company talking hot air but based on the reports 1st hand and other research it was a decent set of hole cards to play. The fact that they made the deadline and then fucked up the simple stuff is massively disappointing, as are the lies about "in progress" ..no fucking way they have a rig "in progress" for 3 days when they say they are completing 350 a day.

Live and learn, save what you can, make sure no-one else stand in the same dog turd unawares....that's all we can do. Smiley

On an important sidenote, how helpful has Pheonix been on this thread? Amazing. Smiley
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October 17, 2013, 08:53:35 AM
 #16778

FYI - They happily give refunds for hosting because they can not fullfill their contract in timely manner  Cry

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October 17, 2013, 08:55:26 AM
 #16779

339x paid July 7 Jupiter DHL to Texas

Nice, this confirms my idea that their hosting offer is a FRAUD, plain and simple.

If they were able to ship your unit, where is mine that I paid on June 12th?

Those who paid more are served later than those who paid less, go figure!

spiccioli

ps. obviously their customer care is not able to answer this simple question and keeps repeating that they're doing their best... 'Orama, what do your new friends tell you about this clusterfuck that is the hosting solution?

I got an email from Emilia stating they're going to refund my Jupiter and my hosting's costs.

So, hosting is not a fraud, but simply a clusterfuck.

Anyway, the fact they're refunding customers due to current hosting situation is the correct and honest way to handle it and I have to say that I appreciate it.

spiccioli
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October 17, 2013, 08:56:37 AM
 #16780

Just received mail that my order 32XX ready for pick-up  Cool
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