Swedish ASIC miner company kncminer.com

[Paladin69]

Could the question of Jupiter sales if and when have anything to do with some customer trying to buy up as many as possible?  We see photos of major hashing facilities where were they, in Hong Kong and Iceland?  Those big facilities can operate on a thin margin and make a good profit while that same rate of return for small miners would be a big disappointment. But how would that lack of information limit sales to a buyer with the money, it wouldn't.

For the last time the piece on a facility in Iceland was Cloud Hashing. They had a big order in the beginning and have not been sold anything more than what was in that initial order.

Well the return produced by Jupiters has been nice.  Nicer still if you have the Cloud Hashing facility.

Network protection doesn't protect the small miner but KnC customers in general which would include Cloud Hashing.  KnC is a business.  Like any business the larger customers get favored.  But the whole question of protecting KnC customers is muddied not only by large block sales but immediate resale of miners, tho the latter I feel  to a lesser extent.  It's difficult to be clear as it's a complex issue.

But too much consolidation of rich and poor in a system of finite supply defeats the purpose of what Bitcoin is trying to overcome.  A central banking system of wealthy elites that control other people due to their status.  We knew this was going to happen with mining eventually.  But it would be nice if top companies like KnC would not be facilitating this behavior.  If Cloud Hashing was limited, other people still would have bought those machines anyway.

I'm not really targeting people like Bargraphics with my comment.  But 100's of Jupiters going to an operation is a bit piggy IMO.

[jjiimm_64]

If anyone has the luxury of making the decision today Cointerra would probably be the best bet at the moment, 2TH/s in January is a solid play.

Please tell me where i can get 2th in jan?

I just purchased from cointerra and I will not receive until april.

edit.. i found it... 2th for a year starting in Jan, 35k

2th forever starting in april, 12k

[vesperwillow]

So we small miners might be mining bitcoins looking like toy sales in the small neighborhood candy store while a Toy-R-Us and a Walmart are under construction on the same block.

This is what myself and a handful of others have been saying for quite awhile now. Are you just now seeing the writing on the wall?

[Bitcoinorama]

So we small miners might be mining bitcoins looking like toy sales in the small neighborhood candy store while a Toy-R-Us and a Walmart are under construction on the same block.

This is what myself and a handful of others have been saying for quite awhile now. Are you just now seeing the writing on the wall?

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains. Then of course you have the amount of hashing power to remain competitive to contend with. It inevitably will have to be housed in a datacentre.

[opentoe]

O'rama... any chance you could get us a definitive answer if there will or will not be anymore 28nm?

Customer service doesn't seem to know, and you're our #1      Please?

Like I said yesterday. It was mentioned, but nothing more. Everything wound down for Christmas, and the agreement was that the idea would be set aside and approached with a fresh set of eyes in the NY. We had to assume someone else may ship a 28nm product in 2013 even if it didn't look likely.

We are more than aware of the aggressive Adwords campaign that is ongoing and has been pushed hard by companies that have yet to create working stable products throughout the BTC price rise to secure funds from newbies who don't research.

One assumes at some point someone intends to deliver on that, but no way were our customer service going to be put under the strain of another batch of orders and deliveries during their holidays, they've been under enough considering.

So customer service know nothing as nothing has been discussed this side of 2014. It's less than a 24 hours into the new year and a public holiday in most parts of the world.

Chillax, I'm sure there will be a discussion soon enough, until then there is nothing to say other than we are both aware of the interest, and no one's forgotten the completion of a working 28nm based Bitcoin miner 3 months back!

This was basically a yes or no answer. My god, you wrote a book and just confused more people. This is my opinion. The only way KNC will ever deliver anymore jupiters is if other companies start releasing miners before their Neptunes comes out. They would hate to see customer's throwing money at another company and apparently there is no loyalty in this business. Still in the back of my mind from their news letter two weeks+ ago, "So keep some coins handy as we expect them to go quick.". Handy for that Neptune listing that went up you mean.

[Bogart]

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains.

I don't know what kind of mains your house has, but mine has 240V coming into a 200A panel.

If I were to commit only half of my house's electric capacity to miners, and if I assume that a Neptune will consume 3kW, I could still run 8 Neptunes at home.

Or are you trying to subtly tell us something we don't know about Neptune's power requirements?  

Of course I could commit a lot more than half my house's capacity, but then I might end up like Bill here:

[CYPER]

So we small miners might be mining bitcoins looking like toy sales in the small neighborhood candy store while a Toy-R-Us and a Walmart are under construction on the same block.

This is what myself and a handful of others have been saying for quite awhile now. Are you just now seeing the writing on the wall?

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains.

I don't know what kind of mains your house has, but mine has 240V coming into a 200A panel.

If I were to commit only half of my house's electric capacity to miners, and if I assume that a Neptune will consume 3kW, I could still run 8 Neptunes at home.

Or are you trying to subtly tell us something we don't know about Neptune's power requirements? 

24000 Watts during the summer.
I hope you live in the Arctic region or you will have serious cooling problems.

[Bogart]

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains.

I don't know what kind of mains your house has, but mine has 240V coming into a 200A panel.

If I were to commit only half of my house's electric capacity to miners, and if I assume that a Neptune will consume 3kW, I could still run 8 Neptunes at home.

Or are you trying to subtly tell us something we don't know about Neptune's power requirements? 

24000 Watts during the summer.
I hope you live in the Arctic region or you will have serious cooling problems.

Actually I have a purpose-built "miner shed" with two open ends, with air filters and an array of fans on the intake end.  That's where the miners live during the summer months.

[vesperwillow]

So we small miners might be mining bitcoins looking like toy sales in the small neighborhood candy store while a Toy-R-Us and a Walmart are under construction on the same block.

This is what myself and a handful of others have been saying for quite awhile now. Are you just now seeing the writing on the wall?

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains. Then of course you have the amount of hashing power to remain competitive to contend with. It inevitably will have to be housed in a datacentre.

Exactly. This is what some of us have been saying for awhile, but apparently not everyone gets it.

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains.

I don't know what kind of mains your house has, but mine has 240V coming into a 200A panel.

If I were to commit only half of my house's electric capacity to miners, and if I assume that a Neptune will consume 3kW, I could still run 8 Neptunes at home.

Or are you trying to subtly tell us something we don't know about Neptune's power requirements?  

24000 Watts during the summer.
I hope you live in the Arctic region or you will have serious cooling problems.

Actually I have a purpose-built "miner shed" with two open ends, with air filters and an array of fans on the intake end.  That's where the miners live during the summer months.

I don't think you understand the thermal dynamics of a 24Kw heater lol. The fans might melt, or catch fire, depending on what they're made of. Unless you already run similar equipment, in which case ignore my comment lol.

[CYPER]

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains.

I don't know what kind of mains your house has, but mine has 240V coming into a 200A panel.

If I were to commit only half of my house's electric capacity to miners, and if I assume that a Neptune will consume 3kW, I could still run 8 Neptunes at home.

Or are you trying to subtly tell us something we don't know about Neptune's power requirements? 

24000 Watts during the summer.
I hope you live in the Arctic region or you will have serious cooling problems.

Actually I have a purpose-built "miner shed" with two open ends, with air filters and an array of fans on the intake end.  That's where the miners live during the summer months.

Which country are you in?

[Bogart]

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains.

I don't know what kind of mains your house has, but mine has 240V coming into a 200A panel.

If I were to commit only half of my house's electric capacity to miners, and if I assume that a Neptune will consume 3kW, I could still run 8 Neptunes at home.

Or are you trying to subtly tell us something we don't know about Neptune's power requirements?  

24000 Watts during the summer.
I hope you live in the Arctic region or you will have serious cooling problems.

Actually I have a purpose-built "miner shed" with two open ends, with air filters and an array of fans on the intake end.  That's where the miners live during the summer months.

I don't think you understand the thermal dynamics of a 24Kw heater lol. The fans might melt, or catch fire, depending on what they're made of. Unless you already run similar equipment, in which case ignore my comment lol.

Well, the fans are all on the intake end, so they don't handle the hot exhaust air.

So far I've only put maybe 5kW in the shed at a time.

Which country are you in?

US.

[CYPER]

There is a limit to the amount of hardware households can sustain. Neptune in theory is currently the ceiling until another full step down in process node to sub 14nm, as it's power consumption may limit one device per household mains.

I don't know what kind of mains your house has, but mine has 240V coming into a 200A panel.

If I were to commit only half of my house's electric capacity to miners, and if I assume that a Neptune will consume 3kW, I could still run 8 Neptunes at home.

Or are you trying to subtly tell us something we don't know about Neptune's power requirements?  

24000 Watts during the summer.
I hope you live in the Arctic region or you will have serious cooling problems.

Actually I have a purpose-built "miner shed" with two open ends, with air filters and an array of fans on the intake end.  That's where the miners live during the summer months.

I don't think you understand the thermal dynamics of a 24Kw heater lol. The fans might melt, or catch fire, depending on what they're made of. Unless you already run similar equipment, in which case ignore my comment lol.

Well, the fans are all on the intake end, so they don't handle the hot exhaust air.

So far I've only put maybe 5kW in the shed at a time.

Which country are you in?

US.

Don't know which part of USA you are in, but if you happen to get 25-30C temperatures in the summer I can tell you with 100% certainty that 24kW would not survive in a closed non-air conditioned shed.

[Bogart]

24000 Watts during the summer.
I hope you live in the Arctic region or you will have serious cooling problems.

Actually I have a purpose-built "miner shed" with two open ends, with air filters and an array of fans on the intake end.  That's where the miners live during the summer months.

I don't think you understand the thermal dynamics of a 24Kw heater lol. The fans might melt, or catch fire, depending on what they're made of. Unless you already run similar equipment, in which case ignore my comment lol.

Well, the fans are all on the intake end, so they don't handle the hot exhaust air.

So far I've only put maybe 5kW in the shed at a time.

Which country are you in?

US.

Don't know which part of USA you are in, but if you happen to get 25-30C temperatures in the summer I can tell you with 100% certainty that 24kW would not survive in a closed non-air conditioned shed.

Well it's not closed.  It's built wind-tunnel style with the front and rear walls missing.  The front wall is replaced with fans.

No I haven't tested 24kW in it, but 5kW seemed OK.

[CYPER]

24000 Watts during the summer.
I hope you live in the Arctic region or you will have serious cooling problems.

Actually I have a purpose-built "miner shed" with two open ends, with air filters and an array of fans on the intake end.  That's where the miners live during the summer months.

I don't think you understand the thermal dynamics of a 24Kw heater lol. The fans might melt, or catch fire, depending on what they're made of. Unless you already run similar equipment, in which case ignore my comment lol.

Well, the fans are all on the intake end, so they don't handle the hot exhaust air.

So far I've only put maybe 5kW in the shed at a time.

Which country are you in?

US.

Don't know which part of USA you are in, but if you happen to get 25-30C temperatures in the summer I can tell you with 100% certainty that 24kW would not survive in a closed non-air conditioned shed.

Well it's not closed.  It's built wind-tunnel style with the front and rear walls missing.  The front wall is replaced with fans.

No I haven't tested 24kW in it, but 5kW seemed OK.

5kW during the winter vs 24kW during the summer?

[Bogart]

24000 Watts during the summer.
I hope you live in the Arctic region or you will have serious cooling problems.

Actually I have a purpose-built "miner shed" with two open ends, with air filters and an array of fans on the intake end.  That's where the miners live during the summer months.

I don't think you understand the thermal dynamics of a 24Kw heater lol. The fans might melt, or catch fire, depending on what they're made of. Unless you already run similar equipment, in which case ignore my comment lol.

Well, the fans are all on the intake end, so they don't handle the hot exhaust air.

So far I've only put maybe 5kW in the shed at a time.

Which country are you in?

US.

Don't know which part of USA you are in, but if you happen to get 25-30C temperatures in the summer I can tell you with 100% certainty that 24kW would not survive in a closed non-air conditioned shed.

Well it's not closed.  It's built wind-tunnel style with the front and rear walls missing.  The front wall is replaced with fans.

No I haven't tested 24kW in it, but 5kW seemed OK.

5kW during the winter vs 24kW during the summer?

5kW in the summer.  Now in the wintertime I have the miners in the house to help heat it.

I don't have anywhere near 8 Neptunes on order.  I doubt I'll ever put 24kW in the shed.  The whole talk about 8 Neptunes was just to say that mains power would not limit a house to only 1 Neptune.

[Bitcoinorama]

W.r.t. Heat I had to share a hotel room with one of the nov boxes on to check it survived the flight. Fell asleep and woke up covered in sweat. I can't imagine what Cyphers house is like right now.

I also spent a night fixing dead boxes in the DC for the hosting on an occasion. October kit only, was a month or two back. In any case aside the monotonous hum. I had to take a break and grab water every hour. Even with aircon in the building it was hot hot hot.

24Kw in summer will just compound the heat...

EDIT: just saw what Bogart wrote as I posted. Most of the US households are not 240V and 200 Amps though.

[1l1l11ll1l]

W.r.t. Heat I had to share a hotel room with one of the nov boxes on to check it survived the flight. Fell asleep and woke up covered in sweat. I can't imagine what Cyphers house is like right now.

I also spent a night fixing dead boxes in the DC for the hosting on an occasion. October kit only, was a month or two back. In any case aside the monotonous hum. I had to take a break and grab water every hour. Even with aircon in the building it was hot hot hot.

24Kw in summer will just compound the heat...

EDIT: just saw what Bogary wrote as I posted. Most of the US households are not 240V and 200 Amps though.

200A is definitely not typical, that's a lot of power for a home!

[CYPER]

The whole talk about 8 Neptunes was just to say that mains power would not limit a house to only 1 Neptune.

This I agree. But 8 is a bit optimistic
Most people don't have 200A service and a shed
I could probably run 2, but would need a very powerful aircon to cool the air 24/7, which would be impractical as I don't have a spare room for them.
I could rent a separate flat just for the miners, but paying rent + electricity would be much more expensive than just hosting them in Sweden/UK.

Then again we know nothing about the final design/specs, so I would not jump to any decisions yet. Plenty of time to make adequate arrangements

[Bogart]

Most of the US households are not 240V and 200 Amps though.

Really?  I thought that was pretty standard.

[CYPER]

I can't imagine what Cyphers house is like right now.

You would probably not believe me, but you would feel cold in the room where the miners are if you wear only a t-shirt. Ambent temp is around 20C, but because the miners are in between 2 open windows on the opposite sides of the block of flats the air draft is quite noticable and it is not even very windy outside. If it is, then it can get really cold  
I actually enjoy the miners as they are somewhat quiet, yet they warm the whole flat very nicely - I can open/close those 2 windows and regulate the temperature as I wish.
Usually they are barely open during the day and fully open during the night as the miners are in the living room, which is only used during the day.