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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011822 times)
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November 26, 2013, 01:02:25 AM
 #23301



What i'm curious about is what people like kronut actually do. Do they buy and hold until a specific price? Do they just watch? What is the actual thought process and the actual facts because talking is always easy, but i consider that learning never stops and i'm always open for improving stuff.

You'll see more and more new faces here that are mad that current KNC owners get first stab at buying Neptunes.

Since I am a KNC customer, I don't have to try to scare off anyone from KNC. If I want to buy a Neptune or two, I will be able to.

 They have to scare us off so some will be left for them to buy


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November 26, 2013, 01:04:07 AM
 #23302

Hello Jupiter Owners. (also other miners may pitch in as well)

Anyone got a Temperature reader/gun.

Any chance you could measure the Temperature of the PCI cables, seen another post for a Bitfury thingy where a PCI cable burnt out.

I have Just Measured mine, running at 28c, 30c , 35c , 40c. Measured where it connects to the Jupiter PCI-e extension cable.

Ambient Temp for the Room is 26c.

Cheers

C_C  

Mine are similar, 34-36°C but it might be dependent on the firmware you are running, also with the Bitfury miners they can be overclocked and pull alot more volts than at stock which might push a borderline psu cable beyond its capabilities.

When I made my first cables for my Merc I needed to splice a couple of PCI-E connectors, cut from video card test cable sold on ebay, to heavy wire that I would run to one or two power supplies.  I bought a 15 amp extension cord and cut pieces.  Figuring 15 amps should be heavy enough I found I could run the Merc on a single supply.  The lines were a little long and I had the 12v line bunched and tied.  I was running firmware 0.94 and drawing about 260 watts at the wall.  I happened to place my hand on the bunched 15 amp capable wire and it was quite warm.  I immediately put together a double 15 amp cable for the single module Merc and that was cool.  When I added a second module I again used a double cable but it was less necessary as I was now running 0.98.  Figure the one module was running 4x~50amps@.9v for 180watts, figure efficiency of the VRM in the high 80% so call them 88% efficient for 204½watts at 12volts plus there'd be something for the BBB and controller board which we'll discount, so 17amps@12volts - and it was a 15 amp extension cord.



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November 26, 2013, 01:18:31 AM
 #23303



What i'm curious about is what people like kronut actually do. Do they buy and hold until a specific price? Do they just watch? What is the actual thought process and the actual facts because talking is always easy, but i consider that learning never stops and i'm always open for improving stuff.

You'll see more and more new faces here that are mad that current KNC owners get first stab at buying Neptunes.

Since I am a KNC customer, I don't have to try to scare off anyone from KNC. If I want to buy a Neptune or two, I will be able to.

 They have to scare us off so some will be left for them to buy

I do own a Saturn that was upgraded to a Jupiter last week, so I am invested in this game (since gpu times even), it was a no brainer to buy the upgrade modules. I might even buy a Neptune if the numbers look good.

The thought process is fairly easy in my case, will I make more BTC by reinvesting them, or should I just hold onto my BTC? In this case, since the price went up 7-8x, I should have held my BTC.

Let's look at it from a different angle, if BTC was about $100, I would still be saying the same thing, I have not and most likely will not make back the amount of BTC that I purchased the miner with. Likewise for those who purchased with cash/CC, they would have had to make x BTC at a rate of $100 to break even. If that was the case, no one would have made their investment back in my opinion. People who paid with cash/cc just got lucky with the rise in BTC price.
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November 26, 2013, 02:59:12 AM
 #23304

20nm in 2014? Not only is that amazing, it's almost hard to believe. It would be beyond most current GPU OEM's specs.

pays to have a "chip maker" as a partner don't it...like bumping your production of chips to the head of the line (just saying)

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November 26, 2013, 03:02:04 AM
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HashFast just updated their ToS.  It sounds very grim for customers.
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November 26, 2013, 03:02:17 AM
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if they use bit pay only again and sell out in 3 minutes. I'm coming to sweden and burning down their offices
Black helicopters in 5, 4, 3, 2...

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Personal text my ass....


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November 26, 2013, 03:45:04 AM
 #23307

The order book will likely open either tomorrow, or in the coming days.

Not sure what you mean by what kind of refusal? In any case wait and see at the point of announcement.

Dare say it will be first come first served to previous customers for a designated period of time. I have no idea of there is a limit, or whether there's a reseller program. Though of there is please use the reseller link in my sig. Ta v.much Wink


Order book for what? We have zero tech specs on the devices, how many there will be and other companies are coming quicker and quicker to release all their hardware. One another competitor throw out his 1TG rig for $5k, KNC will have to tqake ALOT of money off their asking price of $7,000 or even higher. Once greed sets it it's almost impossible to control.


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November 26, 2013, 03:46:22 AM
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day 1/2 customers should have no advantage over the rest of October customers, in my opinion. Day 1/2 customers were compensated enough by receiving their miners early and mining more bitcoin.

We weren't compensated...that's just when the delivery dates were announced.

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November 26, 2013, 03:56:42 AM
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ditto... KNC should just cut the crap with that "early customer protection BS" and start manufacturing... unless it's just a shady excuse to protect their own mining income from rising difficulty...  Grin

day 1/2 customers should have no advantage over the rest of October customers, in my opinion. Day 1/2 customers were compensated enough by receiving their miners early and mining more bitcoin.

We weren't compensated...that's just when the delivery dates were announced.

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November 26, 2013, 04:24:37 AM
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The order book will likely open either tomorrow, or in the coming days.

Not sure what you mean by what kind of refusal? In any case wait and see at the point of announcement.

Dare say it will be first come first served to previous customers for a designated period of time. I have no idea of there is a limit, or whether there's a reseller program. Though of there is please use the reseller link in my sig. Ta v.much Wink


Order book for what? We have zero tech specs on the devices, how many there will be and other companies are coming quicker and quicker to release all their hardware. One another competitor throw out his 1TG rig for $5k, KNC will have to tqake ALOT of money off their asking price of $7,000 or even higher. Once greed sets it it's almost impossible to control.




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November 26, 2013, 04:50:10 AM
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The thought process is fairly easy in my case, will I make more BTC by reinvesting them, or should I just hold onto my BTC? In this case, since the price went up 7-8x, I should have held my BTC.



You assume you would keep those BTC through all the ups and downs of the market and not sell?  What if you bought BTC and sold when it went up 2x or 4x?

What if you did hold till it past 10x and then the next week it crashes to 2x?  Would you be on here saying you should of sold at 10x?


Is BTC going to go to $900,000 and we all should never ever sell ever ever?



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November 26, 2013, 04:55:35 AM
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None of that matters. You simply do the math for when your miners will stop being profitable (when you'd stop mining), and instead buy btc and hold until that time. You will always end up more profitable that way than if you buy hardware to mine.
I didn't do this the first time and instead bought miners from KnC. I will now be lucky if I make half as much btc as I could have if I just bought it at the time I placed my order. The only true winners in the mining game are those who make the miners. The rest are just chumps regardless of how you try and spin it.
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November 26, 2013, 04:55:40 AM
 #23313

if they use bit pay only again and sell out in 3 minutes. I'm coming to sweden and burning down their offices

GIVE US MORE HARDWARE !!!



 Cheesy the image posted in October came to my mind, had to repost it
It's insane investing 5k in Btc and wait for day D when bitcoin jump up and down in value of 100$, meanwhile i doubt they will sell October type of board Sad better investing in new next jupiter (hope paiment in $). The last news looks for me like type from USA? Huh It appeared between 10pm and 4am WTF Sad
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November 26, 2013, 04:55:53 AM
 #23314


The thought process is fairly easy in my case, will I make more BTC by reinvesting them, or should I just hold onto my BTC? In this case, since the price went up 7-8x, I should have held my BTC.



You assume you would keep those BTC through all the ups and downs of the market and not sell?  What if you bought BTC and sold when it went up 2x or 4x?

What if you did hold till it past 10x and then the next week it crashes to 2x?  Would you be on here saying you should of sold at 10x?


Is BTC going to go to $900,000 and we all should never ever sell ever ever?




Like any good investment you dollar cost average in, and do the same going out.

When you have a basis for your BTC of about $100 per (assuming you bought some) and its $850 today, if you don't start slowly getting out then you are just a greedy bitch who doesn't know what they are doing.

I have X in cold storage and now I just start selling when the price is favorable every few days.

You don't get the "R" in ROI unless you take some profit.


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November 26, 2013, 05:03:18 AM
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None of that matters. You simply do the math for when your miners will stop being profitable (when you'd stop mining), and instead buy btc and hold until that time. You will always end up more profitable that way than if you buy hardware to mine.
I didn't do this the first time and instead bought miners from KnC. I will now be lucky if I make half as much btc as I could have if I just bought it at the time I placed my order. The only true winners in the mining game are those who make the miners. The rest are just chumps regardless of how you try and spin it.

In the simple situation you and many others keep repeating, yes.   But there is a whole other side of cost-basis, time-value-of-money etc that I won't bother to bring up.  If you understand you understand, if you don't then that is why Wall Street & FED never has to worry about the masses rising up against them




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November 26, 2013, 05:05:01 AM
 #23316

You assume you would keep those BTC through all the ups and downs of the market and not sell?  What if you bought BTC and sold when it went up 2x or 4x?

What if you did hold till it past 10x and then the next week it crashes to 2x?  Would you be on here saying you should of sold at 10x?


Is BTC going to go to $900,000 and we all should never ever sell ever ever?




This is actually a great point, who knows if I would have sold in stead of investing in equipment, with it stuck in hardware, at least I can't spend it on something else.

BTW, anyone up for the frankenminer? : http://www.ebay.com/itm/301026517238
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November 26, 2013, 05:08:49 AM
 #23317

anyone getting weird results/hash rate at eligius Huh

EDIT. they seem to be down for me at moment.  Are being DDoS'd?
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November 26, 2013, 05:16:40 AM
 #23318

anyone getting weird results/hash rate at eligius Huh

I gave up on Eligius a day ago. Can't stand all the variance, and luck seems to be crappy lately. Switched to 7.5% fee BTC Guild PPS for now.
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November 26, 2013, 05:16:49 AM
 #23319


This is actually a great point, who knows if I would have sold in stead of investing in equipment, with it stuck in hardware, at least I can't spend it on something else.


It's the main reason I bought 2 upgrade modules..  I re-bought the 5.8 BTC @ 350 each when I bought the modules and now that got me to more than double the BTC coming out of them since I sell everyday  (that's my plan and I'm sticking to it.. besides buying major dips and flipping quickly)

I didn't have high expectations going into this, so I have already exceeded them



~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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November 26, 2013, 05:17:54 AM
 #23320

anyone getting weird results/hash rate at eligius Huh

EDIT. they seem to be down for me at moment.  Are being DDoS'd?
Yes 49ghas instead 100ghas
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