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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012401 times)
Biodom
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February 06, 2014, 12:17:28 AM
 #29521

I played with mining.thegenesisblock.com calculator
The only way this would be profitable in $$ terms (forget about bitcoin!) would be if bitcoin price rise to at least $1500 and mining starts in April or price to $2500 and mining in May or price to $4000 and mining starts in June. All of this with 72% difficulty rise in a month that we are currently at (for the last 3mo on average).
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February 06, 2014, 12:20:54 AM
 #29522

I hope BTC goes down to $10 and stays there. Just for the lulz.

It would still perfectly fulfil its role of transferring money at $10 as it does at $1000

And KnC will be stuck with a white elephant in the arctic circle

exactly..  crash the price, pump the utility

~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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February 06, 2014, 01:08:04 AM
 #29523

now nobody say The Avenger is wrong

It's like Gandhi said:

First they ignore you,
then they ridicule you,
then they fight you
then they send you massive BTC donations, for saving them from losing their entire life savings on a pipe-dream private bitcoin empire in the arctic circle.

Yeah, I'm pretty sure that's what Gandhi said  Grin

"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
davebodger
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February 06, 2014, 01:11:46 AM
 #29524

now nobody say The Avenger is wrong

It's like Gandhi said:

First they ignore you,
then they ridicule you,
then they fight you
then they send you massive BTC donations, for saving them from losing their entire life savings on a pipe-dream private bitcoin empire in the arctic circle.

Yeah, I'm pretty sure that's what Gandhi said  Grin

Yea, word for word, I was there.  Grin


If you think I deserve it - BTC always welcome - 14GkxT2xcpgvGVBgMjtGeFiXrxnttBSRRF
CYPER
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February 06, 2014, 01:18:34 AM
 #29525

I played with mining.thegenesisblock.com calculator
The only way this would be profitable in $$ terms (forget about bitcoin!) would be if bitcoin price rise to at least $1500 and mining starts in April or price to $2500 and mining in May or price to $4000 and mining starts in June. All of this with 72% difficulty rise in a month that we are currently at (for the last 3mo on average).

I pity the fools who use TGB calculator  Grin

If you peek at the projected difficulty in 2017 you would see that the total surface of the earth would not be enough for all the chips needed for that difficulty  Grin

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
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February 06, 2014, 01:46:38 AM
 #29526

I played with mining.thegenesisblock.com calculator
The only way this would be profitable in $$ terms (forget about bitcoin!) would be if bitcoin price rise to at least $1500 and mining starts in April or price to $2500 and mining in May or price to $4000 and mining starts in June. All of this with 72% difficulty rise in a month that we are currently at (for the last 3mo on average).
If you peek at the projected difficulty in 2017 you would see that the total surface of the earth would not be enough for all the chips needed for that difficulty  Grin

I pity highschoolers who have to call others names in order to make a point.
That said,  three months projection is NOT a 3 year projection, duh!
70-80% monthly projection made 3 months ago by the referenced site turned out to be pretty accurate, but go ahead, make a better one....crickets.
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February 06, 2014, 02:14:04 AM
 #29527

I played with mining.thegenesisblock.com calculator
The only way this would be profitable in $$ terms (forget about bitcoin!) would be if bitcoin price rise to at least $1500 and mining starts in April or price to $2500 and mining in May or price to $4000 and mining starts in June. All of this with 72% difficulty rise in a month that we are currently at (for the last 3mo on average).
If you peek at the projected difficulty in 2017 you would see that the total surface of the earth would not be enough for all the chips needed for that difficulty  Grin

I pity highschoolers who have to call others names in order to make a point.
That said,  three months projection is NOT a 3 year projection, duh!
70-80% monthly projection made 3 months ago by the referenced site turned out to be pretty accurate, but go ahead, make a better one....crickets.


that genesis block calc is garbage

~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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February 06, 2014, 02:35:59 AM
 #29528

I played with mining.thegenesisblock.com calculator
The only way this would be profitable in $$ terms (forget about bitcoin!) would be if bitcoin price rise to at least $1500 and mining starts in April or price to $2500 and mining in May or price to $4000 and mining starts in June. All of this with 72% difficulty rise in a month that we are currently at (for the last 3mo on average).
If you peek at the projected difficulty in 2017 you would see that the total surface of the earth would not be enough for all the chips needed for that difficulty  Grin

I pity highschoolers who have to call others names in order to make a point.
That said,  three months projection is NOT a 3 year projection, duh!
70-80% monthly projection made 3 months ago by the referenced site turned out to be pretty accurate, but go ahead, make a better one....crickets.


that genesis block calc is garbage

Not perfect by any means, but gives rough estimates for 2-3 months plus it is easier to compare different machines. You can adjust difficulty rise manually as well.
I get it that it cannot adjust difficulty at varied % going forward, but as a short term tool it is OK-gave approximately correct projections for Feb14 in Nov13.
I tried several other calculators-they all work to some degree-coinplorer and bitcoinx.com being probably the best.
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February 06, 2014, 02:41:28 AM
 #29529

I played with mining.thegenesisblock.com calculator
The only way this would be profitable in $$ terms (forget about bitcoin!) would be if bitcoin price rise to at least $1500 and mining starts in April or price to $2500 and mining in May or price to $4000 and mining starts in June. All of this with 72% difficulty rise in a month that we are currently at (for the last 3mo on average).
If you peek at the projected difficulty in 2017 you would see that the total surface of the earth would not be enough for all the chips needed for that difficulty  Grin

I pity highschoolers who have to call others names in order to make a point.
That said,  three months projection is NOT a 3 year projection, duh!
70-80% monthly projection made 3 months ago by the referenced site turned out to be pretty accurate, but go ahead, make a better one....crickets.


that genesis block calc is garbage

Not perfect by any means, but gives rough estimates for 2-3 months plus it is easier to compare different machines. You can adjust difficulty rise manually as well.
I get it that it cannot adjust difficulty at varied % going forward, but as a short term tool it is OK-gave approximately correct projections for Feb14 in Nov13.
I tried several other calculators-they all work to some degree-coinplorer and bitcoinx.com being probably the best.

Let me help you here with possibly the most realistic calculator: http://btcinvest.net/en/bitcoin-mining-profit-calculator.php

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
RenHoek
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February 06, 2014, 04:09:38 AM
 #29530


it seems, u guys are going to Crash btc, to show KNC where the frog has his curls!?  Wink Nice work!

Esst mehr Scheisse, millionen Fliegen können nicht irren!  Cool
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February 06, 2014, 04:11:17 AM
 #29531



What do you think you are saying???

This system doesn't work if people can only use it to move small amounts of money. Nobody will care about it at all at $10. Wanting the price of bitcoin to crash to ten dollars and end the entire crypto industry because of some spiteful jealousy over what KNC and other large miners are doing is ridiculous. Don't forget, nobody will mine it at $10, and nobody will pay giant transaction fees, so the entire system dies.

BTC works fine at $100 or $10 you miss the point..  right now how many coins do you think are really in circulation anyway?  Only a fraction... so if more and more folks start to spend their coins instead of hoarding then the price will drop by a lot

You have the ~$800 price from churn and velocity of a fraction of coins right now..  I rather believe more use of the coin at a lower price is healthier for its life.. uber miners like KNC et all can choke on their insane diff pushing hashpower..  that arms race means nothing for btc's utility.. the same amount of blocks stays constant ya know

~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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February 06, 2014, 06:19:33 AM
 #29532

I hope BTC goes down to $10 and stays there. Just for the lulz.

It would still perfectly fulfil its role of transferring money at $10 as it does at $1000

And KnC will be stuck with a white elephant in the arctic circle

So the total value of currency that could be transferred with bitcoin is 210 million? real smart. It actually DOESN'T perfectly work with that slight limitation.


so one person will have all the coins and do one transfer??  you understand that you can transfer 210 million with a handful of $10 BTC with churn & velocity?



What do you think you are saying???

This system doesn't work if people can only use it to move small amounts of money. Nobody will care about it at all at $10. Wanting the price of bitcoin to crash to ten dollars and end the entire crypto industry because of some spiteful jealousy over what KNC and other large miners are doing is ridiculous. Don't forget, nobody will mine it at $10, and nobody will pay giant transaction fees, so the entire system dies.

If nobody mines at $10 then the difficulty will decrease until people start mining in big numbers again...like Yogi Berra said, that restaurant is always so full that nobody goes there anymore.
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February 06, 2014, 06:49:05 AM
 #29533

No, I had 5 Neptune orders, and had refunded the two 13k (Gen Batch 1), and kept the 3 "CA Batch" Neptunes, which were sold  here in this thread to two members.  I got a single invoice, for the first neptune... "Out of the blue", no I did not ask for the invoice. It was meant to be informative in the possibility everyone who has the Neptune orders may get some invoices, that's all. An invoice is a receipt.(someone pm'd me not knowing)  I emailed them back asking about the other two orders, but since it's the very 1st Neptune, they probably haven't had time to do the rest yet. (It's like 11pm there also) Please don't read anything more or less into the statement. 5 pm's in as many minutes makes it difficult to share such a simple statement.... no worries tho.

well my unit 1st batch Neptune is like 10 or so down the line from your order number (from the knc order list) as an FYI to everyone I've gotten nothing like this ..yet?

I think you got an invoice if you asked...I can't remember it I did or not?

Searing

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February 06, 2014, 06:51:45 AM
 #29534

I played with mining.thegenesisblock.com calculator
The only way this would be profitable in $$ terms (forget about bitcoin!) would be if bitcoin price rise to at least $1500 and mining starts in April or price to $2500 and mining in May or price to $4000 and mining starts in June. All of this with 72% difficulty rise in a month that we are currently at (for the last 3mo on average).

yeah whatever you're view on knc motives..with the large farm..you got to admit they seem bullish on bitcoin.....nice to see it is nust not me er stu....er I mean enlightened enough to mine.....

(er that could also mean they are as 'clueless as me" dang just scared self)

Searing

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February 06, 2014, 12:04:08 PM
 #29535

how i can do manual settings my diff at jupiter at 512?Huh Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes
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February 06, 2014, 12:45:13 PM
 #29536

how i can do manual settings my diff at jupiter at 512?Huh Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes
This is done directly on the pool (on eliguis and bitminter you can).

My lucky BTC address : 1LoTTerY3WYbGxVRHvh8oDudDdTxFvvqWF
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February 06, 2014, 01:17:11 PM
 #29537

The news are in Swedish so use google translate.
It shows kncminer new location in an old helicopter hangar in Boden not Luleå.

http://www.idg.se/2.1085/1.545516/bitcoingravare-oppnar-gruva-i-boden
http://www.idg.se/2.1085/1.545367/helikopterhangar-blir-datahall-i-boden

First post on this forum.
Hello fellow miners!
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February 06, 2014, 01:28:21 PM
 #29538

thanks murmeln and welcome to the forum

are you a KNC customer?
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February 06, 2014, 01:34:12 PM
 #29539

The news are in Swedish so use google translate.
It shows kncminer new location in an old helicopter hangar in Boden not Luleå.

http://www.idg.se/2.1085/1.545516/bitcoingravare-oppnar-gruva-i-boden
http://www.idg.se/2.1085/1.545367/helikopterhangar-blir-datahall-i-boden

First post on this forum.
Hello fellow miners!


+5 points for a good post by a new member.

Well done!

BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
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February 06, 2014, 01:35:19 PM
 #29540

I think this is the building https://maps.google.se/maps?q=Hangargr%C3%A4nd,+Boden&hl=sv&ie=UTF8&ll=65.807174,21.685778&spn=0.00277,0.010128&sll=57.700992,11.893836&sspn=0.459359,1.296387&oq=hangargr%C3%A4nd&t=h&hnear=Hangargr%C3%A4nd,+961+43+Boden&z=17

I have some Jupiters heating my house. Perfect temperature during Swedish winter now.  Wink
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