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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007870 times)
itod
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November 30, 2013, 12:38:40 PM
 #24461

It's mind boggling, but commonly seen here. Bought Jupiter for 60 BTC. Mined 10. Sold for 15. Sum = -35 BTC. Profit!

Exactly. But they will claim its a dollar investment that returns dollar, without acknowledging their ROI is almost 100% dependent on bitcoin exchange rate, just like a direct investment in bitcoin which has been infinitely more profitable. Maybe if BTC exchange rate crashes they will get it?

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jonoiv
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November 30, 2013, 12:40:57 PM
 #24462

Can anyone point me at a guide for solo mining with a kncminer? 

thanks in advance.

.
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November 30, 2013, 12:43:15 PM
 #24463

It's mind boggling, but commonly seen here. Bought Jupiter for 60 BTC. Mined 10. Sold for 15. Sum = -35 BTC. Profit!

Exactly. But they will claim its a dollar investment that returns dollar, without acknowledging their ROI is almost 100% dependent on bitcoin exchange rate, just like a direct investment in bitcoin which has been infinitely more profitable. Maybe if BTC exchange rate crashes they will get it?

You are quite the simpleton.  You ignore any of the many situations that aren't in line with your basic mentality.

 What's your target sell price of all the BTC stash that you own?   Since you remind everyone to buy constantly, you must have quite the stash correct?
Or you just one of those armchair quarterbacks that never made it on the field?

 

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November 30, 2013, 12:57:34 PM
 #24464

What's your target sell price of all the BTC stash that you own?   Since you remind everyone to buy constantly, you must have quite the stash correct?
Or you just one of those armchair quarterbacks that never made it on the field?

 

I dont see why this is relevant, but if you are curious, I dont have a target price, I have a target date. Ive been selling small amounts of my stash over the past 2 years and I will continue to sell ever smaller amounts over the next 3 years at which point I intend to still hold about 50% of my original stash. The size of that is not your concern.
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#BEL+++


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November 30, 2013, 01:02:11 PM
 #24465

Can anyone point me at a guide for solo mining with a kncminer? 

thanks in advance.

I found this here: http://millybitcoin.com/how-do-i-set-up-solo-bitcoin-mining/ (https://bitcointalk.org/index.php?topic=158105.0)

would appreciate to join the discussion here: https://bitcointalk.org/index.php?topic=352287

The Avenger
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November 30, 2013, 01:12:47 PM
 #24466

Can anyone point me at a guide for solo mining with a kncminer? 

thanks in advance.

I found this here: http://millybitcoin.com/how-do-i-set-up-solo-bitcoin-mining/ (https://bitcointalk.org/index.php?topic=158105.0)

would appreciate to join the discussion here: https://bitcointalk.org/index.php?topic=352287
Not much to discuss really.
Asic = fast.
Using windows? Not possible to solo mine with jupiter.
Linux? Use eloipool. Not noob friendly.

There has been discussion in this thread and other threads, but the above is more or less the conclusion.

"I am not The Avenger"
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jonoiv
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November 30, 2013, 01:20:10 PM
 #24467

Can anyone point me at a guide for solo mining with a kncminer?  

thanks in advance.

I found this here: http://millybitcoin.com/how-do-i-set-up-solo-bitcoin-mining/ (https://bitcointalk.org/index.php?topic=158105.0)

would appreciate to join the discussion here: https://bitcointalk.org/index.php?topic=352287



Thank you, I should have been more specific.  I mean I can solo mine no probs with GPU setup, edit the coin.conf file in the roaming folder, with your rpc port, username and password, then just launch the coin client in windows via cmd with the option -server.  Then use cgminer with the "local host" as the pool 0, + 1 or 2 failsafe pools that aslo act to get blockwork and keep the solo mining efficient.  Just do this in the conf file similar to below.

{
"pools" : [
   {
      "url" : "http://127.0.0.1:12345",
      "user" : "myusername.worker",
      "pass" : "1234"
   },
   {
      "url" : "stratum+tcp://coinotron.com:3334",
      "user" : "myusername.worker",
      "pass" : "1234"
   },
   {
      "url" : "stratum+tcp://ltcmine.ru:3333",
      "user" : "myusername.worker",
      "pass" : "1234"
   }
]
,


This however is only valid on a machine that is running as the host!  I can't point to a local host server on the KnCminer as it's a different DHCP device.

What I need to know is, how can i point my KnC to my server (the coin client running in server mode).  I was thinking...  just

      "url" : "http://192.168.0.5:12345",  (IP of the PC with the Client running as the server)
      "user" : "myusername.worker",
      "pass" : "1234"

And in the conf file in roaming just RPC allow 192.168.x.x

But I want to know if anyone has experience.  Or if ckolivas knows, as hes the genius that wrote cgminer.    

.
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#BEL+++


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November 30, 2013, 01:21:44 PM
 #24468

Can anyone point me at a guide for solo mining with a kncminer?  

thanks in advance.

I found this here: http://millybitcoin.com/how-do-i-set-up-solo-bitcoin-mining/ (https://bitcointalk.org/index.php?topic=158105.0)

would appreciate to join the discussion here: https://bitcointalk.org/index.php?topic=352287
Not much to discuss really.
Asic = fast.
Using windows? Not possible to solo mine with jupiter.
Linux? Use eloipool. Not noob friendly.

There has been discussion in this thread and other threads, but the above is more or less the conclusion.

thank you! this initiated thread should not just animate to discuss about the technical aspect of solo-mining also to discuss about the social aspect of solo-mining (fear of too few income with too few luck, experience with solo-mining, etc.). My impression (also to speak for myself) is miners receive their ASIC miner and are too lazy to think about solo-mining because it's so easy to plugin to a pool but the better income result can be reached with solo-mining. and on top of this we also would much more support the decentralized character of Bitcoin mining as the concept was in early days until pools showed up.
scotjam
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November 30, 2013, 01:23:04 PM
 #24469

People so easily forget that a Jupiter may be mining BTC a grand more valuable than when paid for, but the price in BTC is still not likely to be recovered. 70BTC = 70000 dollars plus now. Why the hell would someone use BTC to buy a rig after that lesson? You'd have to be some special kind of thicko.

It's mind boggling, but commonly seen here. Bought Jupiter for 60 BTC. Mined 10. Sold for 15. Sum = -35 BTC. Profit!

I've come to recognise that from a pure ROI perspective it's really hard to beat just buying and owning BTC. Bitcoin is inherently deflationary.
PenAndPaper
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November 30, 2013, 01:29:36 PM
 #24470

Out of curiosity. Is there someone among the dudes that preordered neptunes, that has done an actual estimation for difficulty and ROI?

History has proven its a fruitless excercise.

very very rough estimation without evidence to proof it...just gut feeling:

4.2K Thera - Neptune 1st Batch (1200 Neptunes)
1k Thera -  Bitmine (estimation I dont know how many machines they sold out)
2k Theras - Hashfast  (500 Theras just for IceDrill group...no idea how many machines each batch)
2k Theras - Cointerra (no idea how many machines each batch)
---------------------
9.2 P Hashes at least in the next 6 months
You should add Bfl and blackarrow to those numbers and the casual rise of the difficulty as well.
In any case after those estimations you decided that it's worth to buy a neptune for 10k?
kitcut
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November 30, 2013, 01:40:06 PM
 #24471

I'm order Naptune on 28th.
But, it's automatically cancelled.
Why this?
The Avenger
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November 30, 2013, 01:40:18 PM
 #24472


What I need to know is, how can i point my KnC to my server (the coin client running in server mode).  I was thinking...  just

      "url" : "http://192.168.0.5:12345",  (IP of the PC with the Client running as the server)
      "user" : "myusername.worker",
      "pass" : "1234"

And in the conf file in roaming just RPC allow 192.168.x.x
Yes, you point cgminer to the ip of the computer running bitcoin qt.

Exact same configuration as gpus, only when you run jupiter you'll get errors saying it can't keep up.

So you need to use some kind of stratum pool
https://bitcointalk.org/index.php?topic=170332.msg3617383;topicseen#msg3617383
e.g. eloipool

It's kind of a pointless exercise unless you want to solo mine alts, which is not a good idea while your knc rig can still mine some bitcoin via a pool.

"I am not The Avenger"
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sickpig
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November 30, 2013, 01:40:22 PM
 #24473

Out of curiosity. Is there someone among the dudes that preordered neptunes, that has done an actual estimation for difficulty and ROI?

History has proven its a fruitless excercise.

very very rough estimation without evidence to proof it...just gut feeling:

4.2K Thera - Neptune 1st Batch (1200 Neptunes)
1k Thera -  Bitmine (estimation I dont know how many machines they sold out)
2k Theras - Hashfast  (500 Theras just for IceDrill group...no idea how many machines each batch)
2k Theras - Cointerra (no idea how many machines each batch)
---------------------
9.2 P Hashes at least in the next 6 months




you miss a lot of H/s along the way.

use this as a start https://bitcointalk.org/index.php?topic=283820.0

take into account that the aformentioned estimate is not exhaustive. e.g it doesn't include
bitmain's off the shelf products https://bitcointalk.org/index.php?topic=348747.0


Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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November 30, 2013, 01:42:16 PM
 #24474

I'm order Naptune on 28th.
But, it's automatically cancelled.
Why this?


which payment method? if bank wire this quote from https://www.kncminer.com/news/news-71 could be relevant

Quote
All bank transfers that were initiated before 11:00am CET this morning will be honored. If your order has been cancelled and you have already transfered funds it will be marked as paid when the funds reach our accounts. But as of now do not initiate any more transfers.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
lkthomas
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November 30, 2013, 01:44:59 PM
 #24475

THIS IS NOT AN INVESTMENT THREAD, STAY ON TOPIC

If BTC value had gone down you would complain, as it happens BTC value has gone up and guess what people are still complaining.  Suck It UP and get on with it, look to the future not the past!!!

well said. Very often people looking at mining business is a short term, 2 weeks business.

It took me 7 months to break even when BTC at 25 dollar. Then price jump up and my asset increase by 5 times, it took almost 1 year to get to this point right now.


Guys, consider this is a long term investment and effort. If you want to get rich quick, go back to day trade instead of mining.
kitcut
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November 30, 2013, 01:55:50 PM
 #24476

I'm order Naptune on 28th.
But, it's automatically cancelled.
Why this?


which payment method? if bank wire this quote from https://www.kncminer.com/news/news-71 could be relevant

Quote
All bank transfers that were initiated before 11:00am CET this morning will be honored. If your order has been cancelled and you have already transfered funds it will be marked as paid when the funds reach our accounts. But as of now do not initiate any more transfers.

I choose Bitpay.
And, I will payment the product.
but I can't everything.
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November 30, 2013, 02:07:43 PM
 #24477

I'm order Naptune on 28th.
But, it's automatically cancelled.
Why this?


which payment method? if bank wire this quote from https://www.kncminer.com/news/news-71 could be relevant

Quote
All bank transfers that were initiated before 11:00am CET this morning will be honored. If your order has been cancelled and you have already transfered funds it will be marked as paid when the funds reach our accounts. But as of now do not initiate any more transfers.

If my money really comes back, which was sending for 2 nept on the 27th and for 2 nept on 28th, I will buy five ore more 2 Th/s from bitmine.ch atm i ordered 2 x 2 Th/s 1.Week Feb. 2014
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November 30, 2013, 02:09:45 PM
 #24478

Any news about NovBatch which was "in progress" and later back to "paid"

My orders all "in progress" and now back to "paid"

 Huh Huh Huh
ASIC-K
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Hell?


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November 30, 2013, 02:28:59 PM
 #24479

i really wish KNC would answer their phones once in a awhile....
PenAndPaper
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November 30, 2013, 02:32:24 PM
 #24480

well said. Very often people looking at mining business is a short term, 2 weeks business.

It took me 7 months to break even when BTC at 25 dollar. Then price jump up and my asset increase by 5 times, it took almost 1 year to get to this point right now.


Guys, consider this is a long term investment and effort. If you want to get rich quick, go back to day trade instead of mining.

You really don't get it. It is how many bitcoins your miner will ever make against how many bitcoins you could have bought instead of the miner. Btc value in dollars is irrelevant.
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