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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011623 times)
DPoS
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December 23, 2013, 05:58:32 AM
 #26541

We are all getting ahead of the time here. Neptune information or even a peep about a Neptune won't be heard for at least several months. I know it sucks to be out such a lot of money, then see bitcoin tank, then see the diff rise upon the sky, it just doesn't look good. KNC only advertised the Neptune at this time with a 6 MONTH delivery window because they did not want us to pre-order from any other company. Trust me, they haven't even started working on the Netpune in any fashion at all. After the New Years. And then 4 or 5 months you may see some Neptune info. They'll increase the power requirements so everyone will have to go out and get commercial electrical panels installed in their home and that's not cheap. Once you step on that commercial level, that's when the fun bitcoin mining days are over. It was fun while it lasted and I'll squeeze every dollar out ouf my October Jupiter.
Good luck and happy holidays!




quote for truth...   even the Jan Jupiters have to be priced right to make sense with the tsunami arising

~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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December 23, 2013, 06:11:03 AM
 #26542

Exactly, miners shouldn't be thinking in dollars anyways.

I paid 11 btc for mine and they say it's gonna do 3 TH

They said the last one would do 400, mine does 560.

I think it was a good bet.

By the time Neptunes are delivered, difficulty is going to be at least 10x higher than it is now. That means when you actually start mining, you'll only mine .1 btc per day, and it'll only go down from there. It's going to take quite some time to earn back those 11 btc.

I hope it's not quite that bad, I've become accustomed to earning at least 1 per week, just before my first avalon arrived, I was all the way down to .1 per day. I remember how that feels, I don't wish to return to those lows. That is why I dropped 11 on the chance...

BTW even at a ridiculous 70 btc my Jupiter is very slowly approaching 50 btc paid back! which is much better that I had thought it would do. I think most people that post what the difficulty will be at some timeframe in the future are not miners. When you run a mine, you are going off actual data, not calculators.

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
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December 23, 2013, 06:53:10 AM
 #26543

WTF?
KNC owes NOBODY an apology over the doggone code. I's called "development." Especially since you got MORE hashrate than u paid for.
Would you like to wait for your miner 'till the code is done being tweaked?
O'rama    don't sweat them...  Peeps with half a noodle in their head know, and appreciate....

 Wink

Thank you for showing us that!

whatever dude, you got free shit... you can pound sand in this thread about other people's problems

why don't you pass around that free shit to others and hop off your high horse?

What other peoples problems did I mention there?
O'rama delivered info on a fix that will save eligius users from unwanted errors and got jumped for it. If you are supporting someone(Avenger) who chastises delivery of much needed information being delivered to the community, then you are simply an idiot.
BTW, if the "Free Shit" bothers you.... too damned bad.


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December 23, 2013, 07:10:48 AM
 #26544

I hope it's not quite that bad, I've become accustomed to earning at least 1 per week, just before my first avalon arrived, I was all the way down to .1 per day. I remember how that feels, I don't wish to return to those lows. That is why I dropped 11 on the chance...

BTW even at a ridiculous 70 btc my Jupiter is very slowly approaching 50 btc paid back! which is much better that I had thought it would do. I think most people that post what the difficulty will be at some timeframe in the future are not miners. When you run a mine, you are going off actual data, not calculators.

At 20% (and lower) per adjustment, here's a conservative estimate:

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=1180923195.258&dcosts=13000&diff_mincrease=20&blpbtc=25&dhsmhs=3000000&diff_mincreasedecrease=2&btcusd=600&dpowcon=2400&btcusd_mincrease=2&pcost=0.13&calcweeks=50&dleadtime=16&action=calc

Neptunes are going to be too late to make a decent payout.

Buy & Hold
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December 23, 2013, 07:34:06 AM
 #26545

Run! Bail!..... Just kidding...  My take on it is this.....
Every calculator I've used has been wrong so far calculating anything more than a diff or two....

A calculator is only as good as its inputs. 4 months ago I said we could break 1B difficulty by the end of the year. We did it in mid-December. Difficulty is going to be very very high by the time Neptunes are delivered. You can count on that.

Buy & Hold
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December 23, 2013, 07:37:46 AM
 #26546

Before I ordered my jupiters EVERYONE was swearing up and down the page that you couldn't ROI any asic hardware anymore. I did a lot more than that in days. Pfft on your calculations.
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December 23, 2013, 07:41:33 AM
 #26547

Run! Bail!..... Just kidding...  My take on it is this.....
We were hearing People chirp about ten billoin diff by Christmas just three months ago
Every calculator I've used has been wrong so far calculating anything more than a diff or two....
and the returns have always been much more than expected thus far, more than the so-called calculators, more than any of my or Pete's projections, including our "best case scenarios", So. I'm rolling the dice, despite all the endless calcs, because we heard all this before, at every point in the process, yet the gains keep coming. If you or anyone in here feels their customer appreciation pre-order was a bad investment, I'm sure there's at least a thousand buyers interested.
I don't buy much into the calcs for one huge reason. They don't include delivery impact on hashrate diminishing over time, which is inevitable. A simple %increase per diff isn't enough to even come close. Every time a batch of asics hits the cloud, it becomes that much harder to make the same impact. No Calc I've seen so far accounts for that. It's not just the diff-rate compounding with every single diffchange, but the inability to make the same impact on the diff with another delivery is compounding as well.
 Nobody knows where the price of btc will be at that time either... it's a pure guess. Let's just hope its high!


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December 23, 2013, 07:48:17 AM
 #26548

If you are supporting someone(Avenger) who chastises delivery of much needed information being delivered to the community, then you are simply an idiot.
This thread shall not contain any argumentation! Lets all just call names like our great leader Phoenix has taught us since the day one!  Cheesy
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December 23, 2013, 07:50:26 AM
 #26549


Every calculator I've used has been wrong so far calculating anything more than a diff or two....
and the returns have always been much more than expected thus far, more than the so-called calculators,

What makes you say that? Scrolling back to june in this thread, I see people used 25% growth per difficulty adjustment as a guideline:
https://bitcointalk.org/index.php?topic=170332.msg2451810#msg2451810
If that had panned out, we would be around 700M difficulty today. Not a bad estimate, but the reality is nearly 2x higher, and thats despite all the delays from KnC's competitors.

FWIW, I stumbled upon this post, from you:
Quote
If we apply that to the next 40 days, the diff would only be around 47 mil in the beginning of September, and low 70's in December,
https://bitcointalk.org/index.php?topic=170332.msg2799559#msg2799559

You did say it was a best case scenario, maybe your worst case scenario was spot on, but in reality difficulty is still almost 20x higher.

The one thing few people did correctly predict was the astronomical rise in BTC price, leading to a distorted perception of profitability.  Difficulty growth so far has been pretty much exactly where most people expected it to be, not far from where most calculators that used exponential extrapolation predicted. Betting that this trend will break in the next few months, when over 10 vendors start shipping their next generation miners, not something I would do.
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December 23, 2013, 07:57:31 AM
 #26550

It's funny, but pretty much everyone who can't bear to look at the facts I present here and who is nasty towards me has pre-ordered a knobtune. Or seven.

How did they come to this excellent business decision? I'd say, they stuck their finger up their butt and took a sniff. If it stunk hard enough, they decided to pre-order a neptune.

Last week I challenged anyone who pre-ordered a knobtune to show me their numbers, their data, their projections, based on realistic difficulty, on why this was a sound investment? You know, some FACTS.


No takers. It's obvious most people gambled and ordered blindly, based on the faulty image of knc being a "good" company.

KNC have fucked up multiple times, but as they never apologise or accept any responsibility, people seem to brain wash themselves into thinking knc are great. My experience is a constant reminder they aren't. And people are so fucked in the head they try to tell ME what I recieved and how much it was hashing! What kind of insane behaviour is that? Why do they need to maintain their delusions so strongly?

I don't think people like The Avenger messing with their pre-concieved images of KNC. KNC is the perfect girlfriend that can do no wrong. Until you walk into a room one day and find her sucking some other guys #### Cheesy It'll be that kind of day many of you see how fucked over and misled you've been.

So every time I criticise knc, point out the unsavoury things they've done, it fucks with people's picture of knc as a "good" company. It makes them question if knc are actually "good". And also, it reminds them and makes them question why they made their "investment" on NO FACTS. Just pure, plain, stupid gambling.

It get's so bad in people's brain they argue with cold, hard facts. They refuse to see the facts. They lash out and call people liars. Anything to maintain the image that knc is "good". KNC have to be good or else my decision to buy was flawed. The decision to invest everything and buy several knobtunes - the weight of delusion must be staggering for those people. Don't make me see that Avenger. Don't. You bastard.

I've been proven right before and I will be again. I'm confident, based on past performance and the attitude of greed and feeling no obligations towards their customers that is now plainly obvious, that this time round KNC's burning of it's customers is going to be epic. They get to spend your money, so it will be you that gets burned.

All the clues are their, the cracks in the foundation.

Please note, we are honestly not at all interested in belittling our competitors with phrases on our boards, our engineering will speak for itself.

Latest newsletter, more or less the day hashfast reveals 500+GH/s boards:
Quote
As it looks like our struggling competition may eventually ship before our Network protection period has finished...

Looks like knc have totally lost faith in their own product, when they can't let their so-called engineering speak for itself anymore. They've had to resort to what they said they wouldn't to. To justify doing what they said they wouldn't do! Bad omens.

KNC got lucky with timing. KNC got lucky with it's competition fucking up. KNC got lucky with bitcointalk being off-line for 10 days while they were flailing around trying to ship their first jupiturds. KNC got lucky with BTC going to $1300 around the time they wanted to take next pre-order. But their luck will run out, eventually. I get a sense it's already happened. They dropped a log in their pants last week and that was when I think it was all lost. Once belief is gone, so is luck.

I can't wait for the New Year! A Jupiter is due to mine about 2BTC in this difficulty period. This will be obliterated once all these other companies start to ship in January, which they surely will do. That is a FACT. I'd guesstimate in about 3 or 4 difficulty jumps, it's totally game over for Jupiturds. End of January ish.

I'll keep this crock of shit knc hardware I got running until then. But it will give me great pleasure to smash it to shit, for the 70-80 hours of my life I've spent doctoring this lame beta hardware I paid a premium for.

Good luck to the self deluded. But don't say you weren't warned.

Merry Xmas and a Hashing New Year!
Speculation and facts are two different things, which is probably why you did't get an answer.

Constant sellouts of product, and triple-value resales totally say your opinion is left wing,
countless testimony in here as well....
It's obvious now your mission is to damage the KNC customer base with speculations you call fact
Get a grip.


Dude, I think you need to stop the marketing and cheerleading of KNC. Are you the next shillorama?
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December 23, 2013, 07:58:11 AM
 #26551

If you are supporting someone(Avenger) who chastises delivery of much needed information being delivered to the community, then you are simply an idiot.
This thread shall not contain any argumentation! Lets all just call names like our great leader Phoenix has taught us since the day one.
I've been called much worse, by that same person. Sorry if it offended you, I normally don't do that, but peeps brought out a ton of  un-necessary BS today, so I dished back.....    I'm not anyone's leader
why, do you disagree with what I said?
You think we should Jump Orama's ass every time he's nice enough to share important information? Information that makes us BTC??  Orama announces A few keystrokes that saves 10% hw errors on eligius...   now all of a sudden were owed an apology for the code?
are you serious?


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FUKT
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December 23, 2013, 08:01:01 AM
 #26552

why you are so blind with knc

price increased is your lucky

because saturn oct machine cost +/- 3000€ and i only can get max 15 BTC

so if price is 100€ = 1500 € where is ROI

now if you pay with bitcoins this machine crap! you lost your money

We are here to discuss and we have to reflect on the good things and bad

not only good things
yes kncminer change world mining but we must see all points


and already see man buy 100 units kncminer
already other man buy room datacenter with blades in watercool

I don't mean to be negative
but mining is out of control
because the own companies like kncminer
just see money our money
There is no need to be blind

I realise that English is your second language and I agree with you. KNC are full of shit, miner protection policy my arse, where is a miner protection policy to protect us from them, they are dumping hashrates on the market without a care. They dont give a shit about bitcoin, thats why they cash out all btc to fiat.
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December 23, 2013, 08:08:44 AM
 #26553

I don't buy much into the calcs for one huge reason. They don't include delivery impact on hashrate diminishing over time, which is inevitable. A simple %increase per diff isn't enough to even come close. Every time a batch of asics hits the cloud, it becomes that much harder to make the same impact. No Calc I've seen so far accounts for that. It's not just the diff-rate compounding with every single diffchange, but the inability to make the same impact on the diff with another delivery is compounding as well.

Did you even look at the calc that I posted? It uses a decreasing exponential, specifically becau like you said, it will get harder to make the same impact. I'd love to increase my wallet size from mining. But I'm sorry, the hardware being offered today just isn't going to do that.

Buy & Hold
ISAWHIM
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December 23, 2013, 08:40:23 AM
 #26554

When calculating, is there anything which shows...

Mine now, cash-in 1 year from now, at the 10x value of the coin? Because that is a major speculation that matters more.

If you MINE now, and CASH-OUT now... You will be tooth and nail on profit.

However...

If you earn 1BTC this month, and 0.9BTC next month, and 0.4BTC... etc... down to 0.01BTC a year later...

If cashed-out at the time you made them, they would be $600, $300, $150, $20, $1... etc...

If cashed-out a year later, or at another "spike", it is as if you made $1200 the whole time, for every coin. Thus, the NOW price is useless, without offering the... "What if I held until ____ date".

Eg, I mined GENERIC-COIN all summer. Only got about 5000 and then the price and diff dropped. I made 50000 in a month. When BTC rose, so did the other coin. When I cashed-out, all those coins had the same "NOW" value of "NOW", not yesterday, and the day before, and the week before...

In any event, buying coins directly, rewarded greater returns than mining. No matter which way I did the math in the end. Mining also depletes the value, where as, purchasing coins adds instant value. (Which is appropriate, since mining the coin is the initial "loss" which is where all coins get the starting "value".)

Trust me, any of the new machines will be worth the investment. Not the best investment option, but they will be worth the investment.
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December 23, 2013, 09:16:27 AM
 #26555

I've put up a new binary for knc devices based on the new cgminer 3.9.0 that has some fixes for the high hw error on rEligius problem people are having. Note it's not comprehensively better, and to make it work even better, it is much more reliable if you start cgminer with the extra options -q -T (quiet and text only).

http://ck.kolivas.org/apps/cgminer/kncminer/cgminer

I've noticed higher hashrates overall with this binary, along with substantially lower hardware error rates especially across block changes on any pool.

Primary developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org 1% Fee Solo mining at solo.ckpool.org
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RickJamesBTC
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December 23, 2013, 09:18:08 AM
 #26556

I've put up a new binary for knc devices based on the new cgminer 3.9.0 that has some fixes for the high hw error on rEligius problem people are having. Note it's not comprehensively better, and to make it work even better, it is much more reliable if you start cgminer with the extra options -q -T (quiet and text only).

http://ck.kolivas.org/apps/cgminer/kncminer/cgminer

I've noticed higher hashrates overall with this binary, along with substantially lower hardware error rates especially across block changes on any pool.


Thank you for all that you have done!
AussieHash
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December 23, 2013, 10:25:46 AM
 #26557

@avenger

I'd like to write today about a small piece of why we are confident our product is better than KnCs.

So today's topic: Our silicon design is superior.

Both are 28nm designs, but HashFast's is far more powerful and energy-efficient.
....
One wafer of HashFast's chips has the same capacity as 11 to 16 wafers of KNCs. The initial engineering run from TSMC is limited to 12 wafers, out of which KNC will be able to satisfy 11 to 16 times fewer customers than HashFast will be able to. You'll get your units faster once production starts from us.

In addition, the HashFast chip operates much more efficiently. You get four times the hash rate for the same amount of power (250W)

Thanks for the details Simon.

If the chip is rated for 5years at 500GH, why is the warranty only 10 to 30 days?
.....

We've spent some of the day hashing (!) over warranty options for those chips of ours.

As I mentioned earlier today, the 10-day warranty was legal boilerplate. And we can and will give a longer warranty for the box, psu, and board.

But for the chips, we cannot realistically offer even a 90-day warranty.

So you got the chips today?   It's the 17th, your projected date for getting the chips from TSMC?  Am i misremembering?  

Trolls are funny.
...
I do wonder - what else is going on today, that these repeated 'embarrassing' posts are supposed to distract us from?

Amy

.... Who is somewhat regretting her decision to hang out on the forums this afternoon.

P.S. If people DO have other questions about HashFast, please feel free to send them my way.

I'm at a BTC meetup in Sunnyvale, where the Hashfast VP of Engineering is giving a talk right now.

This is admittedly rather time-sensitive, but if anyone has any questions, I'll be happy to ask 'em!

Ask if they're still on schedule for shipping next week.

Not surprisingly, this was indeed one of the questions that came up last night.

And, as of a few days ago, ... ...  it looks like we're probably going to slip, by about a week.


For our mining rigs we have chosen to specify power supplies that are rated 20% higher than the highest wattage we expect even including significant overclocking. The GN chip uses 250W at nominal, and we have designed all the systems to handle upto 350W. When the mini motherboard is supplying 350W to the chip (this level of overclock should result in up to 540GH/s) the mini motherboard may consume up to 411W of 12v, due to losses in the VRM. Add 25W for fans, and you get to 436W per mini-motherboard.

So.. we are starting to get some power numbers:
https://hashfast.com/second-tests/

Quote
“We’ve got two dies up on this. Right now we are clocking it at 700mhz and .84v core voltage. It’s doing 248Gh/s on only 2 dies! Half a Golden Nonce.

Consumption is around 300 watts total and 78C die temp.

So... we are looking at ~600W total for around ~500GH? Obviously the 25% extra hashrate is nice, but I thought we were expecting the total power to be under 1J/GH.  
I guess that isn't going to happen unless we underclock.

So essentially roughly the same power efficiency as KNC, shipped late and at higher cost.
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December 23, 2013, 11:09:11 AM
 #26558

Guys, I need you help with the weirdest problem:

Since yesterday my miners have started to disappear from my local network all of a sudden and that happens too often now.

All my miners are connected to a TP-Link TL-SF1008D 8-Port 10/100Mbps Unmanaged Desktop Switch, which is then connected to my router Technicolor TG582n (given by ISP):



When the problems happens the blinking light at the back of the router, where the switch is connected has gone off, yet the all 7 lights (6 miners + incoming cable) are ON on the switch.

Until yesterday I wasn't sure what is the problem, but now I know: when I unplug the switch from the router and plug it back in = they appear back in the network.

Additionally this morning my own PC reported network conflict: some other machine on the network got its IP too, which never happened.
+ I have setup the DHCP table manually. The 101 to 106 are the miners. Before it said state USED and now it is free, but they are hashing.



Just clicked Apply in each miner Networking Tab and the FREE changed to USED in the DHCP table:



Do you have any experience with bad switches? Any ideas what is causing the issue?

Thank you.

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sickpig
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December 23, 2013, 11:14:07 AM
 #26559

Guys, I need you help with the weirdest problem:

Since yesterday my miners have started to disappear from my local network all of a sudden and that happens too often now.

All my miners are connected to a TP-Link TL-SF1008D 8-Port 10/100Mbps Unmanaged Desktop Switch, which is then connected to my router Technicolor TG582n (given by ISP):

http://i.imgur.com/8HmLmKO.png

When the problems happens the blinking light at the back of the router, where the switch is connected has gone off, yet the all 7 lights (6 miners + incoming cable) are ON.

Until yesterday I wasn't sure what is the problem, but now I know: when I unplug the switch from the router and plug it back in = they appear back in the network.

Additionally this morning my own PC reported network conflict: some other machine on the network got its IP too, which never happened.
+ I have setup the DHCP table manually. The 101 to 106 are the miners. Before it said state USED and now it is free, but they are hashing.

http://i.imgur.com/GPiLxxb.png

Do you have any experience with bad switches? Any ideas what is causing the issue?

Thank you.


if you could, just go down the road and buy a new switch, hopefully it is the cause of the problem. A 8 port switch cost almost nothing. buy a good one while at it.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
CYPER
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December 23, 2013, 11:18:19 AM
 #26560

Guys, I need you help with the weirdest problem:

Since yesterday my miners have started to disappear from my local network all of a sudden and that happens too often now.

All my miners are connected to a TP-Link TL-SF1008D 8-Port 10/100Mbps Unmanaged Desktop Switch, which is then connected to my router Technicolor TG582n (given by ISP):

http://i.imgur.com/8HmLmKO.png

When the problems happens the blinking light at the back of the router, where the switch is connected has gone off, yet the all 7 lights (6 miners + incoming cable) are ON.

Until yesterday I wasn't sure what is the problem, but now I know: when I unplug the switch from the router and plug it back in = they appear back in the network.

Additionally this morning my own PC reported network conflict: some other machine on the network got its IP too, which never happened.
+ I have setup the DHCP table manually. The 101 to 106 are the miners. Before it said state USED and now it is free, but they are hashing.

http://i.imgur.com/GPiLxxb.png

Do you have any experience with bad switches? Any ideas what is causing the issue?

Thank you.


if you could, just go down the road and buy a new switch, hopefully it is the cause of the problem. A 8 port switch cost almost nothing. buy a good one while at it.

Just clicked Apply in each miner Networking Tab and the FREE changed to USED in the DHCP table:



That was probably the cause, but I have no idea why.

That is a good switch according to Amazon reviews - it is the best selling one with an average score of 4.7 out out of 5: http://www.amazon.co.uk/TP-Link-TL-SF1008D-100Mbps-Unmanaged-Desktop/dp/B000MGBOHA

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
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