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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007080 times)
integrity42
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October 29, 2013, 01:47:00 AM
 #18861


No they don't. They weren't given a choice because they didn't see my post.  If they saw my post they wouldn't buy the unit, because they'd know that it was a bad investment.
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October 29, 2013, 01:53:01 AM
 #18862

They maybe didn't realise that they needed your advice before spending their money eh? Maybe they know of another way to make it pay? I know that I do. Maybe they are fools. The guy selling it proves your statement to be wrong in part at least, he's broken even and possibly profited.

Here's a more ingenious way to sell a rig..and again it's got a fair amount of interest and if it comes off he'll also make a profit. Quite a good profit for a few weeks sitting on his arse too. http://www.ebay.com/itm/IN-Hand-KNC-Upgrade-module-ASIC-Bitcoin-Miner-135-GHps-135-Watts/171156686648?_trksid=p2047675.m1986&_trkparms=aid%3D555012%26algo%3DPW.MBE%26ao%3D1%26asc%3D361%26meid%3D2314287408239903845%26pid%3D100013%26prg%3D1004%26rk%3D2%26rkt%3D15%26sd%3D181248340327%26
r3animation
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October 29, 2013, 01:55:28 AM
 #18863

This hardware is insanely overpriced.

A jupiter with november shipping will only return about 20BTC in its lifetime, but KnC is charging $5000 or 25BTC.

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=390928787.63809&dcosts=8000&diff_mincrease=30&blpbtc=25&dhsmhs=550000&diff_mincreasedecrease=3&btcusd=190.75&dpowcon=30&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=3&action=calc

Why would you spent 25BTC to only get 20BTC back?

A fair price for this hardware would be 15BTC.

Insanely overpriced.  

I got my KNC miner in the first week of october. I'm good. Smiley
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October 29, 2013, 01:55:51 AM
 #18864

Con,

Are you seeing any of the error/hashing/fw issues all over the KNC boards? I'd sure love to not have a console full of this:

Quote
[2013-10-29 01:49:01] KnC: accepted by FPGA 9 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 10 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 12 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 12 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 10 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 11 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 11 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 7 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 7 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 11 works, but only 1 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 1 works, but only 0 submitted

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October 29, 2013, 01:57:33 AM
 #18865


No they don't. They weren't given a choice because they didn't see my post.  If they saw my post they wouldn't buy the unit, because they'd know that it was a bad investment.
Man I wish I'd seen your post before I got all my units. Guess there's only 1 thing to do.... Anyone wanting to sell an in hand KNC unit, PM me. I'll pay 30BTC per Jupiter

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October 29, 2013, 01:59:34 AM
 #18866

Con,

Are you seeing any of the error/hashing/fw issues all over the KNC boards? I'd sure love to not have a console full of this:

Quote
[2013-10-29 01:49:01] KnC: accepted by FPGA 9 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 10 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 12 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 12 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 10 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 11 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 11 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 7 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 7 works, but only 0 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 11 works, but only 1 submitted
 [2013-10-29 01:49:01] KnC: accepted by FPGA 1 works, but only 0 submitted



Have that issue with a bunk board, try .95 see if it gets it gone and allows you to see which module is bad

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seanrarey
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October 29, 2013, 02:00:40 AM
 #18867

This hardware is insanely overpriced.

A jupiter with november shipping will only return about 20BTC in its lifetime, but KnC is charging $5000 or 25BTC.

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=390928787.63809&dcosts=8000&diff_mincrease=30&blpbtc=25&dhsmhs=550000&diff_mincreasedecrease=3&btcusd=190.75&dpowcon=30&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=3&action=calc

Why would you spent 25BTC to only get 20BTC back?

A fair price for this hardware would be 15BTC.

Insanely overpriced.  

Who are you?  Your numbers do not match mine.  What are you using as a "lifetime"?  Why?

On the surface, your post is shallow and self-serving.  I could be wrong, but sounds like you are begging "please don't buy Asic & compete with me...?

Wink

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October 29, 2013, 02:14:20 AM
 #18868

Not sure what you are talking about?  The calculator is pretty straight forward.  You can see that there are diminishing returns as time goes on.

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=390928787.63809&dcosts=8000&diff_mincrease=30&blpbtc=25&dhsmhs=550000&diff_mincreasedecrease=3&btcusd=190.75&dpowcon=30&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=3&action=calc

The first 3 jumps earn you zero because you wont get the unit until the end of november.


If you have a jupiter right now, it will likely yield 38BTC.

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=390928787.63809&dcosts=8000&diff_mincrease=30&blpbtc=25&dhsmhs=550000&diff_mincreasedecrease=3&btcusd=190.75&dpowcon=30&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=0&action=calc
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October 29, 2013, 02:25:01 AM
 #18869


Interesting premise.

If you have any Jupiter's on you I would be happy to buy them off you for KnC listed market value; add them to the ones I have that "are not paying off" Wink

**EDIT**
...as long as they are running right... have not been abused the way some on this list have lol.

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October 29, 2013, 02:27:03 AM
 #18870


Really? Even if you get free power? Even of you mine altcoins ? At what date will a Jupiter cease to mint coins at a profit doing those two things based on that calculator. I'd also be happy to see the price of BTC shoot up again as it has recently, that would make me a nifty profit too. (I could use that moronic scenario of me buying bitcoins instead of a rig and needing to make them back...but as I think the price of BTC is bound to rise substantially I wasn't daft enough to use them to buy a product to make them, I choose trading them properly with leverage to maximise returns to buying them, and mining them to store for the future).

There are many scenarios, not all of which we all see or believe will come to be. Not just one. If you'd known that BTC were rising to the 200 dollar level today, would you have spend any on anything knowing that you'd be paying roughly double for the same item compared to dollars? And got some pretty nice protection if you used a CC and Paypal? Using BTC to buy a product like a rig borders on wreckless IMO. But that's just one of those opinions which are like arseholes ...everyone has one Wink
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October 29, 2013, 02:36:20 AM
 #18871

@ALL
c'mon join the swarm-mining some time and let's push it to the TH/s barrier
http://www.eligius.st/~wizkid057/newstats/userstats.php/148KkS2vgVi4VzUi4JcKzM2PMaMVPi3nnq

keep in mind how his motivation might influence YOUR very hashrate/pockets in a positive way  Wink
You can use the following example to mine with ~ 1/3 of your total hash rate into his wallet for some time.
Code:
cgminer -o http://your_1st_default_pool:port -u user -p pass \
              -o http://your_2nd_default_pool:port -u user -p pass \
              -o stratum+tcp://stratum.mining.eligius.st:3334 -u 148KkS2vgVi4VzUi4JcKzM2PMaMVPi3nnq  -p none \
              --balance

Here's another option that would send 1% of your hashrate to ckolivas:
Code:
cgminer --quota "99;http://your_default_pool:port" -u user -p pass \
              -o stratum+tcp://stratum.mining.eligius.st:3334 -u 148KkS2vgVi4VzUi4JcKzM2PMaMVPi3nnq -p none \
              --load-balance -

Although he would then get all of your hashrate if your default pool went down so it might motivate him start DDoS'ing Tongue
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October 29, 2013, 02:44:32 AM
 #18872

anyway if anyone trips over the trick to get a 2nd pool in on .95 ..still looking for the link..pm me or post it here....if power goes out I have lots to check out
but until then GO BABY GO!

off to check the unit in the bsmt.....(must avert eyes...i'm not worthy)

Searing


1. SSH into the miner #ssh 192.168.1.XXX -l root
2. Enter Password, I think the default is "admin"
3. #cd /config/
4. #cp cgminer.conf cgminer.conf.backup
5. #vi cgminer.conf
6. Using vi modify the file so it looks like the conf below:
Code:
{
"pools" : [
{
"url" : "URL_1",
"user" : "User_1",
"pass" : ""
},
{
"url" : "URL_2",
"user" : "User_2",
"pass" : ""
},
{
"url" : "URL_3",
"user" : "User_3",
"pass" : ""
}
]
,
"api-listen" : true,
"api-network" : true,
"api-allow" : "W:0/0"
}
For vi help see http://www.cs.colostate.edu/helpdocs/vi.html
Basic commands
- "i" allows text to insert
- ":q!" quits without writing to file
- "wq" writes and exits vi

To edit the file you will want to move the cursor to where you want to insert text and press "i" then write your text. Press Escape and then ":wq" to save it.
7. Now that its all saved I do a reboot from the Web GUI, but there are other ways to restart cgminer. Once you do a reboot it will only use the 2nd and 3rd pool if the first one fails. See the cgminer doc at: https://github.com/ckolivas/cgminer/blob/master/README

Hope that helps
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October 29, 2013, 03:01:05 AM
 #18873


Mr integrity42, because you seem impressed with how much more you know then us lowly miners, may I ask your opinion on fee structure as it applies to the long-term miners?

Are you a miner?  If so, is this a "my hardware is better/cheaper/faster then your hardware" taunt?

Are you not a miner?  If so is it possible that your opinion is that of an outsider that does not have enough information to really be engaged in this discussion?

Whichever the case, your argument is one-dimensional (at best).  If you are convinced of your argument, by all means; lets delve a bit further into it.  As a place to start, I would submit that your opening statement, as with most blanket statements, is highly questionable.  The web ap you point to is heavily skewed to make a specific point, and hardly objective or indicative of real-world results.

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October 29, 2013, 03:30:10 AM
 #18874

Here's a likely scenario that calculators don't see.

In the near future sometime things will come to the point where our rigs won't pay their own power bill. No new ones wil look very attractive or maybe nothing will appear at the right price to motivate buyers. Loads of people forced the hashrate up by mining BTC with better and better ASICs.

So. What are those people going to do then? They have powerful machines, probably not broken even in many cases. Bin them?
Mine another coin is what people are already doing. When things get bad on BTC mining, it will be a lot of people. IT will certainly be the large mining groups and investments who need to show some return.

The reason the difficulty rose for BTC was the people pushing it up by adding hashpower. They aren't mining BTC anymore ...what then? IT's not going to rise, the network is going to lose a ton of hashing power. Maybe very suddenly. What calculator sees that?

IT could easily become profitable to mine BTC again if all that hashpower spreads over the crypto currencies rather than just on BTC. IT could also be more profitable to mine other coins after all. Probably will be soon.
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October 29, 2013, 03:36:09 AM
 #18875

I tried p2pool again, and sure enough the pool side does seem to see most of the expected hashing power.

But the display on the web interface. version 0.97, is showing 195 gigahash whereas on mmpool it usually showed 282 or so.

So the web display is making it look like it has more problems with p2pool than p2pool actually thinks it has...

-MarkM-

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Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
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October 29, 2013, 03:39:18 AM
 #18876

The reason the difficulty rose for BTC was the people pushing it up by adding hashpower. They aren't mining BTC anymore ...what then? IT's not going to rise, the network is going to lose a ton of hashing power. Maybe very suddenly. What calculator sees that?
The only way this can happen is if mining suddenly becomes less profitable than it is now through some mechanism other than a difficulty increase. Otherwise, anyone who finds mining profitable today will still find mining profitable and will continue mining. There are really only two ways this can happen. Either the price of Bitcoin drops or the price of power increases. Either way, if you're mining you're just as screwed as the other miners. In other words, any change that makes other people want to stop mining will also make you want to stop mining.

The reality is this simple -- if mining isn't profitable, you don't want to be mining. If mining is profitable, you still don't want to be mining because profitable mining means difficulty increases. The only time you want to be mining is if for some reason you can mine more efficiently than most other people. This could be because you have already bought mining equipment as a sunk cost or it could be because you have an unusually low price on power.

Otherwise, it's near certain to be outperformed by just buying Bitcoins. This is so for two reasons. First, buying Bitcoins has the same upside benefit and downside risk as mining -- you profit from an increase in price and suffer from a decrease just the same. Second, buying Bitcoins allows you to time your buying and selling more flexibly -- you can buy Bitcoins when the price drops and sell earlier if the price rises.

There is, however, one big upside to mining -- the "bigger fool" principle. You may be able to buy a miner, mine with it until it costs more to power than it can make, and then *still* find someone to buy it from you at a high price.

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October 29, 2013, 04:57:46 AM
 #18877

Sample scenario.

April next year diff on BTC has made miners think about mining PPC (as some already are) and 50% of BTC miners shift to make more from them.

That reduces the number mining BTC. Making it more profitable and less difficult.
The reverse will be true for PPC pretty quickly so people will move on or move back when they see BTC looks better.

More profitable doesn't always mean more difficult. There is more than one thing we can mine, quite a lot more. BTC mining is all but destroyed as far as profit is concerned, but the others may be next...and whatever comes in the future. To some extent they will spread the load and change the situation for the better or worse depending on miner's choices. For a short time each can offer a profitable period though. Easing the load on the others, specifically BTC.

The prices on the exchanges will have a bearing too of course. None of us really know what the future holds there, especially for the minor currencies.

People follow the money , with the exception of a few who are prepared to throw away money to support the BTC economy. They'll happily skipover to LTC if that offers the best return, buying whatever mines those fastest instead of ASICs possibly. It all adds up to difficulty eventually quitting this mad upwards curve.

I'm always amazed how much people manage to sell to "bigger fools" on ebay. 2 minutes on Google and almost any thread on here..they'd know how people with a week old ASIC are struggling to make anything yet they pay more than RRP (in fact they could buy one at RRP from KNC and get it for thousands less a week later most likely)...it's incredible. lol

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October 29, 2013, 05:00:12 AM
 #18878

^^ All my ASICs have been mining PPC.. by the end of the year I should bring a couple TH/s to that network.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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October 29, 2013, 06:10:19 AM
 #18879

hope 0.98 comes sooooooooooooooon. Ewik want!


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frankenmint
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October 29, 2013, 06:14:49 AM
 #18880

^^ All my ASICs have been mining PPC.. by the end of the year I should bring a couple TH/s to that network.

how has that been working for you?  I was thinking about solo mining ppc with my block erupters setup

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