Swedish ASIC miner company kncminer.com

[sickpig]

Next difficulty retarget occurs at block 276191.0 (eta 1.8 days): 1184765576.11 / +30.4% [est.]

wow.

every time KnC hits the market this kind of growth happens.

Anyone have an an idea of in what measure other asic vendors (bitmain, bitfury, avalon 2nd gen) contributed to this last jump?

[1714198090]

1714198090

[1714198090]

1714198090

[1714198090]

1714198090

[pvnamk19]

if KNC sold Jupiters initially for $6,995
and then dropped it to $4,995

then now with difficulty higher and BTC lower it would have to be below $3995, and that seems high especially if BTC continues the downward trend.

One thing I believe that KNC are good at choosing price to always sell quickly, and if they didn't then the whole network protection and help customers keep percentage of the network goes out the door.

Also about the low BTC price due to news from China...
personally, I think the Chinese some time to sort themselves out, and we'll see BTC come back up when they have a solution sooner or later.

3000 ~ 3500 USD / Jan. Jupiter with limited (1 or 2) per customer. Let's see!

[xstr8guy]

Wouldn't it be better for existing customers if KnC didn't ship any more hardware till Neptune ?
The november(December) batch just added 3PH to the network.  The October batch added at least 2PH.

Yeah, I would prefer them not to release anything. I hoped those big manufacturers to have some sort of contact with each other, agreeing not to flood the network.

What's the exact terms on which they will make another batch? Also KnC is responsible for more than half of the current network   ?

As soon as a competitor starts shipping, that's what triggers KNC to sell more miners.
https://www.kncminer.com/news/news-24

[xstr8guy]

Next difficulty retarget occurs at block 276191.0 (eta 1.8 days): 1184765576.11 / +30.4% [est.]

wow.

every time KnC hits the market this kind of growth happens.

Anyone have an an idea of in what measure other asic vendors (bitmain, bitfury, avalon 2nd gen) contributed to this last jump?

I don't think there were a lot of KNC's shipped this difficulty.  Most of the November batch would have been shipped during the previous difficulty.

I suspect that most of the TH added this difficulty were probably from private mining operations.

[Searing]

if KNC sold Jupiters initially for $6,995
and then dropped it to $4,995

then now with difficulty higher and BTC lower it would have to be below $3995, and that seems high especially if BTC continues the downward trend.

One thing I believe that KNC are good at choosing price to always sell quickly, and if they didn't then the whole network protection and help customers keep percentage of the network goes out the door.

Also about the low BTC price due to news from China...
personally, I think the Chinese some time to sort themselves out, and we'll see BTC come back up when they have a solution sooner or later.

3000 ~ 3500 USD / Jan. Jupiter with limited (1 or 2) per customer. Let's see!

perhaps I'm naive but at 3k to 3.5k a pop Jupiter say out in beg of feb after holidays etc .. will that even make ROI in a reasonable manner? (don't yell taking devils advocate position here of slow btc value growth due to gov'ts and btc growing pains and the very large dump of equip slated to hit network in that spring time frame .either one imho will at best make btc $$$ to usd growth flat imho)

my Jupiter if I got it beg of Jan will get likely .10 btc per day so they get us these cheaper jupiter units at that price in feb if lucky looking at .05 btc a day? ....seems to me better off  spending 3x the amount for a Neptune>?

(of course silly me I know zip and am just winging it  in the middle of the lemmings here (ie choice of lemmings (1) cliff ie oops btc lemming death with company (2) breeding grounds btc goes up and up)

my 2c worth

Searing

[el_rlee]

Wouldn't it be better for existing customers if KnC didn't ship any more hardware till Neptune ?
The november(December) batch just added 3PH to the network.  The October batch added at least 2PH.

Yeah, I would prefer them not to release anything. I hoped those big manufacturers to have some sort of contact with each other, agreeing not to flood the network.

What's the exact terms on which they will make another batch? Also KnC is responsible for more than half of the current network   ?

As soon as a competitor starts shipping, that's what triggers KNC to sell more miners.
https://www.kncminer.com/news/news-24

Seams to leave a lot of room for interpretation. E.g. is Bitmain enough a reason?

[AussieHash]

I don't think there were a lot of KNC's shipped this difficulty.  Most of the November batch would have been shipped during the previous difficulty.

I suspect that most of the TH added this difficulty were probably from private mining operations.

You're right the maximal network spike has been in the past few days.
However my novemeber Jupiter was only available for local Stockholm pickup on 9th Dec
The 3.5%/day network growth has occured with each KnC batch
http://bitcoin.sipa.be/growth-10k.png
You really don't want to know what 1.035^30 is

[xstr8guy]

Wouldn't it be better for existing customers if KnC didn't ship any more hardware till Neptune ?
The november(December) batch just added 3PH to the network.  The October batch added at least 2PH.

Yeah, I would prefer them not to release anything. I hoped those big manufacturers to have some sort of contact with each other, agreeing not to flood the network.

What's the exact terms on which they will make another batch? Also KnC is responsible for more than half of the current network   ?

As soon as a competitor starts shipping, that's what triggers KNC to sell more miners.
https://www.kncminer.com/news/news-24

Seams to leave a lot of room for interpretation. E.g. is Bitmain enough a reason?

I assume KNC means 28nm competitors, so no, BitMain doesn't count.

[AussieHash]

It would be a little dishonest to use hashfast's "October batch" as justification for breaking their self imposed network protection policy. (Especially when they've sold $27.5 million worth of Neptunes)

[Phoenix1969]

Wouldn't it be better for existing customers if KnC didn't ship any more hardware till Neptune ?
The november(December) batch just added 3PH to the network.  The October batch added at least 2PH.

Yeah, I would prefer them not to release anything. I hoped those big manufacturers to have some sort of contact with each other, agreeing not to flood the network.

Yeah... they all get together and agree not to make money....    Not a chance in Hell bud.
I can't think of a single reason that would  motivate a Vendor/Manufacturer to do such a thing...
I can see it now... Andreas Kennmar telling BFL-Josh... "Sure ... We will wait until you are caught up"  

[The Avenger]

It would be a little dishonest to use hashfast's "October batch" as justification for breaking their self imposed network protection policy.

You mean the network protection promise that said "We will not ship any new device ONLY if all our competitors leave their products in a warehouse gathering dust for 3 months and allow us to make all the money"?  

It's also quite dishonest they have announced they will break that promise BEFORE any competitors ACTUALLY shipped.

Kind of proves they would not have kept their promise - they would have shipped new devices regardless. Their plan all along was to obliterate the bitcoin network for maximum profit, not to protect it. It's all BS and typical knc lies. Nobody is surprised are they?

[Phoenix1969]

It would be a little dishonest to use hashfast's "October batch" as justification for breaking their self imposed network protection policy.

You mean the network protection promise that said "We will not ship any new device ONLY if all our competitors leave their products in a warehouse gathering dust for 3 months and allow us to make all the money"?  

It's also quite dishonest they have announced they will break that promise BEFORE any competitors ACTUALLY shipped.

Kind of proves they would not have kept their promise anyway, they would have shipped new devices regardless. It's all BS and typical knc lies.

The moment I read that statement, I knew the deliveries would continue, and the statement was a contingency plan in case the competition was even later than they are....   Even if their English wasn't perfect, the point was clear. If the comp didnt deliver, we would enjoy a longer gap in deliveries... but that's not happening....  so all went just as they stated....  and imposing "lies" is total futile attempt at FUD IMHO... Gotta wonder why you always twist truth into lies somehow...  We all read it, deciphered it...and knew this would happen...we called this 10 mins after it was posted.  So...  WTF? They did EXACTLY what they said they would.

BTW...Just so you don't cry in a couple weeks when the "Off the shelf" Jupiters are gone first day...... We have all been warned of the upcoming Jup release, and been told to get your BTC ready. So be ready for Golly sake.

[Puppet]

I assume KNC means 28nm competitors, so no, BitMain doesn't count.

That would be an arbitrary and rather useless criterion.  Bitmain is relatively competitive in GH/W, which at this point isnt worrying anyone yet anyway, and they are competitive price wise. Who cares what process node they use?  If Bitmain is ignored its much more likely to do with their relatively low volume.

That said, Im also quite curious who is piling on the hashrate right now. I was expecting this difficulty period to be relatively flat, since none of the well known names are shipping, aside perhaps from Bitfury and ignoring overpriced 65nm kit from BFL.  Instead of flat we've added about 3 PH in 9 days. Thats is a big surprise to me. Is there any chance part of this is KnC private mining operation that they now may or may not sell off?

[monsieur]

Wouldn't it be better for existing customers if KnC didn't ship any more hardware till Neptune ?
The november(December) batch just added 3PH to the network.  The October batch added at least 2PH.

Yeah, I would prefer them not to release anything. I hoped those big manufacturers to have some sort of contact with each other, agreeing not to flood the network.

Yeah... they all get together and agree not to make money....    Not a chance in Hell bud.
I can't think of a single reason that would  motivate a Vendor/Manufacturer to do such a thing...
I can see it now... Andreas Kennmar telling BFL-Josh... "Sure ... We will wait until you are caught up"  

Ok, let me give you an example. Big companies hold their certain share of the network. If they try to destroy each other, it's possible that only one will dominate at the end. Rather than taking a chance to be destroyed, they come to an agreement and maintain their profits (continue mining on their equipment and continue slowly selling equipment). Reasonable?
But I guess with hashing ASIC design being pretty simple, too many new companies are popping up. So yeah, it probably wouldn't have worked well.

[helmax]

@Phoenix1969 if iam seller and sell all time and customers not receive any btc
wht the point? bad reputation for company

[Phoenix1969]

@Phoenix1969 if iam seller and sell all time and customers not receive any btc
wht the point? bad reputation for company

@Phoenix1969 if iam seller and sell all time and customers not receive any btc
wht the point? bad reputation for company

I'm not even sure what that means ?
You gotta plug it in at least...?
70% of the current hashrate,
Market cap in billions.....   70% of which is going to KNC owners...  ?  NO BTC? WOW
You must be doing something wrong, or have pool problems or something...
If you feel their reputation is bad, you can always go elsewhere... But I wouldn't recommend it!

[helmax]

the difficulty increases and gains are smaller
and you're always selling same Ghash machine like bfl

[Phoenix1969]

the difficulty increases and gains are smaller
and you're always selling same Ghash machine like bfl

the difficulty increases and gains are smaller
and you're always selling same Ghash machine like bfl

at 1000 times the delivery speed, and at a lower cost each time.....  
Like BFL?  Hahahahahaa  okay....   We certainly disagree there.
Jupiter went 550 to 650 by the way, and at a lower price.. in a single month...  and history... delivered.
Where is BFL again?
How's that Monarch running?...  Oh, that's right...  Not 'till January/February 2013 20?? for $4,680.00
We got our 500 & 650's already, and dominate the network with them..
I paid $4,632.30 on November 8th for each Nov Jupiter, and got them early December,
and $2,200 dollars cheaper than one delivered in October...
There just is no comparison there.
How about that 1500 Gh/s minirig for 22K?  ooh, 500 Gig x 3......  oh....450ish x 3.... and a year late?
That was a really bad comparison!....     I won't hold it against you tho!... haha
Are you sure you want a BFL Product?

[vesperwillow]

Instead of flat we've added about 3 PH in 9 days. Thats is a big surprise to me. Is there any chance part of this is KnC private mining operation that they now may or may not sell off?

Not sure why this should surprise anyone. It's been discussed that the network rate would be inreasing a lot, in lumps, over the next few months. Who it comes from, to me, isn't that important, because there's lots of vendors out there working on their gear, getting it out the door, and not all of them are as public about it. My projections from a few months back are a little off because 2 of the vendors I've talked to are a little behind.

Still, the hashrate is going to skyrocket this quarter as long as the other chips fall into place. Q2 will be worse if my longterm predictions are close.

[Puppet]

Not sure why this should surprise anyone. It's been discussed that the network rate would be inreasing a lot, in lumps, over the next few months. Who it comes from, to me, isn't that important, because there's lots of vendors out there working on their gear, getting it out the door, and not all of them are as public about it. My projections from a few months back are a little off because 2 of the vendors I've talked to are a little behind.

Im not at all surprised at the overall trend, Ive been expecting 10+PH by years end since this spring. Its just the increase this particular difficulty interval that is taking me by surprise. The increase is significantly larger than either KnC batches at a time no one is known to be shipping high volume / high hashrate products.

Still, the hashrate is going to skyrocket this quarter as long as the other chips fall into place. Q2 will be worse if my longterm predictions are close.

Percentage wise, I doubt it. I think the steepest increase will be the first two or three months of 2014. After that I expect we will begin to approach a more linear growth. Anyway, thats for the mining speculation subforum I guess.