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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007881 times)
wasubii
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December 06, 2013, 02:30:09 AM
 #25181



+1 for the Captain Hindsights of the world

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December 06, 2013, 02:30:27 AM
 #25182

Built in PSU's would be nice...
I hope it has wifi....   really
and a built in screen to moniter...
and a licorice dispenser....  
and itunes


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davewr2013
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December 06, 2013, 02:34:29 AM
 #25183

People want to know if a Neptune will pay out...

Here is an estimate based on the following...

A $12,995 Neptune with an all in landed cost of $16,000 including any required electrical work -- but probably not a UPS.

AT today's value of Bitcoins ($1020 per BTC) let's assume it takes about 16 coins...

Average difficulty increase of 25% per jump

Miner arrives... About week of March 22 -- 26th -- you will probably not get your 16BTC returned....

Miner arrives about March 5-12 -- you probably get your 16BTC back plus one -- maybe a few more.

Assume that the difficulty is only a 20% average (no worse than) increase per jump. As long as you get your miner by end of April 2014. You will get your investment of 15 Coins plus one -- maybe two by Mid November of 2014.



Assume that the difficulty is only a 15% average/typical (no worse than) increase per jump.
You will get your investment of 15 Coins plus one -- back if you get delivery before early July 2014.


Any improvement in those conditions means that you make a very considerable profit in bit coins.

The overwhelming factor is the difficulty increase -- vs the original Bitcoin investment -- any other discussion about any other factor is pointless.

It's just the math.

Now --as to the value of bitcoin  -- that is an entirely different discussion. It is of course possible to pay out the Dollar value if Bitcoin soars in value -- say $2000 (USD) Plus.

Either scenario of low difficulty jumps or bitcoin at least doubling should satisy anyone who buys a Neptune and gets pre July 2014 delivery.

Anything less than the above makes it a very high risk investment -- worse than Junior Mining.

Again -- for coin return -- it's just math and difficulty increase.

For dollar return it's bitcoin appreciation against the $USD and the Euro.

***************************
To be absolutely clear -- if difficulty is typically 25% over the next while -- you need to get your miner before the first week of April 2014 or you do not get your BTC returned -- even if you make real dollars.

To be absolutely clear -- if difficulty is typically 20% over the next while -- you need to get your miner by the last week of April 2014 or you do not get your BTC returned -- even if you make real dollars.
**********************************



...and that's the way it is. Take it or leave it....

This was done in the time since my last post -- it's not tough to figure it out.

Give me this day my daily Bitcoin...
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December 06, 2013, 02:41:47 AM
 #25184

Miner arrives... About week of March 5th -- you will probably not get your 15BTC returned....

They're saying Q1/Q2 delivery. That means end of Q2 delivery at best. Recalculate with a June delivery date.

Buy & Hold
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December 06, 2013, 02:42:13 AM
 #25185


And the battery system?

Bad investment I think... Unless it is grid-tied with a Feed In Tariff to offset -- but even then... waste-o-money!

Dunno its less than the cost of one Neptune Cheesy

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December 06, 2013, 02:50:05 AM
 #25186

What do you think will be higher at the time Neptune starts shipping - its hashrate or number of pages this topic has  Grin

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
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December 06, 2013, 02:51:58 AM
 #25187

What do you think will be higher at the time Neptune starts shipping - its hashrate or number of pages this topic has  Grin

3000 pages you reckon?

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December 06, 2013, 02:52:20 AM
 #25188

What would people think is fair compensation to host something like the neptunes. I can host a LOT of them, already wired up with a massive power feed in a secure, unmarked industrial building. I think it would be a fun experience, plus if there were enough of them we could run a private pool with rules and settings optimized perfectly. I'm just wondering if it would be worth it. I see the jankiest schemes here, "pay me xxx dollars for an imaginary share of your imaginary neptune and I'll pretend I'm gonna give you money"  and people are paying. What would they do for an honest big host situation? 
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December 06, 2013, 03:09:08 AM
 #25189

What do you think will be higher at the time Neptune starts shipping - its hashrate or number of pages this topic has  Grin

I guess the hashrate will be 4,000GH/s and the number of pages will be 3500

Smiley

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wasubii
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December 06, 2013, 03:10:09 AM
 #25190

What would people think is fair compensation to host something like the neptunes. I can host a LOT of them, already wired up with a massive power feed in a secure, unmarked industrial building. I think it would be a fun experience, plus if there were enough of them we could run a private pool with rules and settings optimized perfectly. I'm just wondering if it would be worth it. I see the jankiest schemes here, "pay me xxx dollars for an imaginary share of your imaginary neptune and I'll pretend I'm gonna give you money"  and people are paying. What would they do for an honest big host situation?  

Which country you based in? I might be interested depending on the deal.

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RickJamesBTC
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December 06, 2013, 03:16:01 AM
 #25191

Oregon, USA. Cheap power, no sales tax.
I have no idea what the deal would be, I'd only do it if I could put some serious hardware into it. I pay a lot for this place and I just want to do something useful with my extra space.
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December 06, 2013, 03:24:06 AM
 #25192

Anyone else seeing 630gh on the new Jupiters? Some readings on the first module seem off.


RickJamesBTC
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December 06, 2013, 03:25:22 AM
 #25193

Post a copy of the whole bertmod stats. You definitely have a problem with those chips.
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December 06, 2013, 03:32:58 AM
 #25194

What is the actual hash rate of these devices when you account for errors?

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
RickJamesBTC
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December 06, 2013, 03:35:24 AM
 #25195

What is the actual hash rate of these devices when you account for errors?

My 12 hr average is 630 gh at eligius
Beans
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December 06, 2013, 04:21:57 AM
 #25196

Post a copy of the whole bertmod stats. You definitely have a problem with those chips.

It was running at 680gh the first day I had it, then it lost 50gh.




RickJamesBTC
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December 06, 2013, 04:29:47 AM
 #25197

No cores out and very low hw errors, what is your hashrate at the pool? Maybe just leave it alone.
Biomech
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December 06, 2013, 04:41:06 AM
 #25198

Avenger...
I love you too....sweetie....    I sense a bit of jealousy and resentment.
Fact is... those who got KNC Equipment did well, and continue to do so.
You should have got one... admit it.
Your bashing is like a fart in the wind....   insignificant.
Guess you can't tell us where the asic deals recommended by Avenger are?

Not completely true, not due to KNC at least.
IF BTC were at the levels we all imagined now (100 to 300 range?) how well would everyone be doing?
You wouldn't have had a fucking prayer of selling rigs for what you have, the people who paid for rigs with any method wouldn't be breathing  a sigh of relief at breaking even and being in the black...much like the people who paid with 70k worth of BTC aren't. A KNC rig  wouldn't be worth anothing like what they go for now if the price of BTC wasn't where it is..and that has nothing to do with KNC.

They did deliver a better product than we paid for, faster by some margin. It was late, in my case 2 weeks late despite claims they were able to stay on schedule and eeven that they had shipped when they hadn't, a delay at the crucial time when it would have mined best. A great many things which are basic and simple were fucked up costing customers time and money...plastic left in units under heatsinks for example. Avenger is right in that they were test units cobbled together by a workforce that wasn't enough for the task. No mention was ever made of Nov orders being so much faster either.

My rig has had one problem, it was delivered 2 weeks past the time it should have been, otherwise it's been exceptional. Not touched it at all except a couple of updates. I know I was lucky though, others weren't. Hosted people got shafted for weeks. Lost a lot of hashing. No-one to support them, which was what they paid for, a working miner working 24/7 thanks to that support.

Saying that KNC are awesome because they are better than other crap companies isn't logical or fair. They are better and the obvious choice in a risky game, but they are a long way from as good as they could be with just a small effort. They fail on simple everyday basics of business.
All this "we're all falling asleep working long hours" shite..makes me sick. Plan better, get the people in, have a production schedule ready that will work. Then get some kip. One resource that's easy to find is human power, even for short periods, temp contracts. Every business will be using exactly this  type of resource right now to fulfill Xmas orders in this busy period.

Avenger has valid points, shame he feels the need to get personal and lose the logic. Doesn't stop him being right when he's right though.
If you can't accept the bad with the good, how can you make a logical decision about what is best to do now?
If this thread only accepts views that are positive and the real negative aspects aren't here, how can anyone new coming here see both sides?

+1

This is why you don't get called out often, and he does, even when you say essentially the same thing.

I honestly expected them to perform worse, overall, than they appear to have done. I do hope they re introduce the Jupiter, as I can't see any good reason not to. And I want one or two Cheesy

The Neptune is interesting, to say the least, but 13K is a lot. I can almost certainly come up with 5K in a month or so, but 13? Gotta look at alternatives, and I want a KNC miner, dammit.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
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December 06, 2013, 04:52:57 AM
 #25199

Seems sales have stalled for a bit.

Down to there are only 866/1500 Neptunes
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December 06, 2013, 05:02:20 AM
 #25200

Seems sales have stalled for a bit.

Down to there are only 866/1500 Neptunes

Your call to buy more!
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