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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007315 times)
Biodom
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March 28, 2014, 05:40:50 PM
 #31481

Altcoins will be finished when Titan arrives....Think about it.

Bitcoin will be finished when ASICs arrive.... Think about it.



Since you will be converting LTC to BTC, clearly, a scenario where LTC/BTC ratio will dramatically decrease is more plausible.
Mining with expensive rigs looks less and less attractive as a hobby.
I can play with my ants, contribute a few coins for the benefit of mankind, pay a small tax fee, etc.
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smoothrunnings
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March 28, 2014, 05:57:55 PM
 #31482

Altcoins will be finished when Titan arrives....Think about it.

Bitcoin will be finished when ASICs arrive.... Think about it.



Bitcoin finished? Bitcoin will never die but these Alt-coins will because they haven't taken the baby steps that Bitcoin has taken, they are more or less the "get rich quick" crypto currencies with a short life span. Fortunately for me my Neptune will be contributing to increasing the difficulty levels of some of this alt-coins which I will turn in Bitcoin's! Smiley
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March 28, 2014, 05:58:17 PM
 #31483

Will be a great show anyway.....  
Poor Alpha Tek says there's no need to match KNC's new offer because they will be out first,
quickly retracting the matching of Mh/$ statement when KNC announced 250 minimum.
Matching KNC would bankrupt them easily, and they only took 1/3rd down... much of which is PayPal.
This really must have tightened the belt for Alpha. I'll be surprised if they survive Titan.


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Phoenix1969
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March 28, 2014, 05:59:32 PM
 #31484

Altcoins will be finished when Titan arrives....Think about it.

Bitcoin will be finished when ASICs arrive.... Think about it.



Bitcoin finished? Bitcoin will never die but these Alt-coins will because they haven't taken the baby steps that Bitcoin has taken, they are more or less the "get rich quick" crypto currencies with a short life span.
he was being sarcastic, (I think !)and saying the opposite, by citing what we all heard six months ago....
in comparison
and he could be right


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smoothrunnings
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March 28, 2014, 06:03:08 PM
 #31485

Altcoins will be finished when Titan arrives....Think about it.

Bitcoin will be finished when ASICs arrive.... Think about it.



Bitcoin finished? Bitcoin will never die but these Alt-coins will because they haven't taken the baby steps that Bitcoin has taken, they are more or less the "get rich quick" crypto currencies with a short life span.
he was being sarcastic, and saying the opposite, by citing what we all heard six months ago....
in comparison
and he could be right

There is some truth to what he's saying I agree, I am thinking I will likely have to start mining the alt-coins that support ASIC miners and turning them into BTC's to get ahead, unless the amount of Bitoin's in the world increase from 11 million to whatever the next increment is. But Bitcoin will never die. Smiley

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March 28, 2014, 06:10:42 PM
 #31486

I am thinking I will likely have to start mining the alt-coins that support ASIC miners and turning them into BTC's to get ahead, unless the amount of Bitoin's in the world increase from 11 million to whatever the next increment is. But Bitcoin will never die. Smiley



i'm dabbling - mining SHA alt coins, trading them for BTC and ploughing it all into cloud mining - if you can't beat them, join them.

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March 28, 2014, 06:14:27 PM
 #31487

I am thinking I will likely have to start mining the alt-coins that support ASIC miners and turning them into BTC's to get ahead, unless the amount of Bitoin's in the world increase from 11 million to whatever the next increment is. But Bitcoin will never die. Smiley



i'm dabbling - mining SHA alt coins, trading them for BTC and ploughing it all into cloud mining - if you can't beat them, join them.
That's exactly the thing that will increase the value back into BTC, and starve off the alts a bit. Exactly what I expect most Titan owners will do. Mass roaming altpool Titans trading all their alts for BTC


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March 28, 2014, 06:17:16 PM
 #31488

I am thinking I will likely have to start mining the alt-coins that support ASIC miners and turning them into BTC's to get ahead, unless the amount of Bitoin's in the world increase from 11 million to whatever the next increment is. But Bitcoin will never die. Smiley



i'm dabbling - mining SHA alt coins, trading them for BTC and ploughing it all into cloud mining - if you can't beat them, join them.
That's exactly the thing that will increase the value back into BTC, and starve off the alts a bit. Exactly what I expect most Titan owners will do.

i decided to make a ceiling on my btc sell price - as soon as it dropped below €450, all btc I gather from mining is getting put straight back into my cloud contracts. by the time btc is up over that ceiling again, i'll have accrued a nice sized contract on the cloud - which will keep hashing for the duration of my contract... and still have my small rig at home to keep running as a hobby.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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March 28, 2014, 06:25:55 PM
 #31489

Altcoins will be finished when Titan arrives....Think about it.

Bitcoin will be finished when ASICs arrive.... Think about it.


doggone, didnt even knnow i had a draft saved before the post.. uuugggh.
but...yeah...could be same too. This is more so, and wildly drastically different.
That only works if Titan owners mine and hold

*If 90% of the altcoin mkt was mining to trade immediately for btc....

Maybe, but there's a lot of market to saturate with Scrypt ASICS.  By that I mean:  there are only a few SHA-256 coins to which you can point a Bitcoin ASIC, and they're all still alive.  There are over a hundred Scrypt Alts, which more being created every day.  There's a lot more playing field for each device, so I don't necessarily think that the Scrypt ASICS will be the end of the road for Alts. 
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March 28, 2014, 06:28:43 PM
 #31490

Altcoins will be finished when Titan arrives....Think about it.

Bitcoin will be finished when ASICs arrive.... Think about it.



Since you will be converting LTC to BTC, clearly, a scenario where LTC/BTC ratio will dramatically decrease is more plausible.
Mining with expensive rigs looks less and less attractive as a hobby.
I can play with my ants, contribute a few coins for the benefit of mankind, pay a small tax fee, etc.

Maybe, but the price of Bitcoin didn't dramatically decrease when ASICs showed up.  There may be an initial rush but it's all going to level out in the end.  All the ASICs really do is prevent the average Joe from participating.  Once that happens they'll likely move off onto other Alts.
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March 28, 2014, 06:40:13 PM
 #31491

Altcoins will be finished when Titan arrives....Think about it.

Bitcoin will be finished when ASICs arrive.... Think about it.



Since you will be converting LTC to BTC, clearly, a scenario where LTC/BTC ratio will dramatically decrease is more plausible.
Mining with expensive rigs looks less and less attractive as a hobby.
I can play with my ants, contribute a few coins for the benefit of mankind, pay a small tax fee, etc.

Maybe, but the price of Bitcoin didn't dramatically decrease when ASICs showed up.  There may be an initial rush but it's all going to level out in the end.  All the ASICs really do is prevent the average Joe from participating.  Once that happens they'll likely move off onto other Alts.
What you are saying is surely true, but then again, there wasn't a Bigger crypto to convert to either.
also... 320 plus alts now could stove that off a bit, so... who knows, it will be fun to watch


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Phoenix1969
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March 28, 2014, 06:51:06 PM
 #31492

BTW...
We all have been over the mining taxation......  straight income tax tallied daily on BTC price sounds scary to me.
Digging into the tax code... looks like capitol gains(as in buy & hold BTC) is much easier to swallow than income tax(Mining)
As a result, there will surely be less American miners soon, and pushed more towards the corporate, large farm level....uuuggh
http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States
Time to move to Denmark.    http://www.coindesk.com/denmark-declares-bitcoin-trades-tax-free/


With this doggone tax thing, it would make doing the books a real pain in the butt if you use Bitcoin at Starbucks and Amazon, etc.
like it was meant to be.....
I think this ruling needs some tweaking for sure
Mining.....
*It's not currency, but we're taxing it as income..."  uggh     20, 25, 30%  where are you?

and when buying to hold....  it better be for a year or more, or its taxed just like income as well under capitol gains...
Capitol gains on BTC is like taxing me when the value of my '77 Ranchero goes up yearly.
But they sure do it on Wall street every day buying & selling commodities... acceptable if not a gouge.
hold 1 yr or more....
0 to 15 %for most of us...  20% for rich folks right now if what the wiki says is true.
good luck to all


 Wink


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Biodom
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March 28, 2014, 07:08:31 PM
 #31493

BTW...
We all have been over the mining taxation......  straight income tax tallied daily on BTC price sounds scary to me.
Digging into the tax code... looks like capitol gains(as in buy & hold BTC) is much easier to swallow than income tax(Mining)
As a result, there will surely be less American miners soon, and pushed more towards the corporate, large farm level....uuuggh
http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States
Time to move to Denmark.    http://www.coindesk.com/denmark-declares-bitcoin-trades-tax-free/


There are no economic reasons for sole individuals to mine in US anymore. Straight buying and holding for more than 12 mo or longer is the most beneficial.
The rule clearly favors accumulation vs usage, hence the utility of bitcoin in transactions will be probably minimized, unless it is revised later on.
Mining as a hobby for a couple of coins can still go on unimpeded.
The Avenger
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March 28, 2014, 09:16:13 PM
 #31494

I'm worried about BicoinOrama... His personal twitter account has no tweets from a long time. Here he's a gosth. Has BitcoinOrama been eaten from MEGASYPSUPERSEXYEXTRAPOWERTOP Knc mining farm ? Tongue Tongue

Name:    Bitcoinorama
Posts:    3508
Activity:    308
Position:    Sr. Member
Date Registered:    April 23, 2013, 11:36:38 AM
Last Active:    Today at 10:54:28 AM


Your prayers have been answered.

I mean, are knc really going to allow a competitor to come into their thread and talk trash?

Let's see some asic hardware titans in actions  Tongue

"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
RoadStress
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March 28, 2014, 09:48:54 PM
 #31495

I'm worried about BicoinOrama... His personal twitter account has no tweets from a long time. Here he's a gosth. Has BitcoinOrama been eaten from MEGASYPSUPERSEXYEXTRAPOWERTOP Knc mining farm ? Tongue Tongue

Name:    Bitcoinorama
Posts:    3508
Activity:    308
Position:    Sr. Member
Date Registered:    April 23, 2013, 11:36:38 AM
Last Active:    Today at 10:54:28 AM


Your prayers have been answered.

I mean, are knc really going to allow a competitor to come into their thread and talk trash?

Let's see some asic hardware titans in actions  Tongue


Nice. Competition comes here and the next thing the Communication Director comes online Smiley Welcome back 'Orama. Missed you! Bring on the big guns.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
The Avenger
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March 28, 2014, 10:04:34 PM
 #31496

Nice. Competition comes here and the next thing the Communication Director comes online Smiley Welcome back 'Orama. Missed you! Bring on the big guns.



Orama: I think you'll find our 20nm cycle times are optimised with flux capacitors, swedish pine and christmas lights.
Spongebob-tech: I double dare you to prove your cycle times include double patterning and forward latching christmas lights with optimised low noise pine!

FIGHT! FIGHT! FIGHT!
 Tongue

"I am not The Avenger"
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jimmothy
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March 28, 2014, 10:22:50 PM
 #31497

Anyone able to find info on TSMC 20nm cycle times?

I tried googling but found nothing. Seems like its top secret.
Phoenix1969
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March 28, 2014, 10:40:11 PM
 #31498

Anyone able to find info on TSMC 20nm cycle times?

I tried googling but found nothing. Seems like its top secret.
aaah, yes. they probably operate at a higher frequency... hmm....


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The Avenger
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March 28, 2014, 10:48:39 PM
 #31499

Anyone able to find info on TSMC 20nm cycle times?

I tried googling but found nothing. Seems like its top secret.

I agree. Information so "easy to find", it doesn't exist.

This is a very interesting article, but doesn't really give any timescales, other than suggesting 20nm is harder/takes longer because of the intricacies of double patterning and additional design rules etc
http://www.techdesignforums.com/practice/technique/five-key-challenges-20nm-custom-design/

I didn't get anywhere asking our friends to provide industry data, so extrapolation is always fun Grin
https://bitcointalk.org/index.php?topic=170332.msg5939974;topicseen#msg5939974

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March 29, 2014, 02:44:44 AM
 #31500

Altcoins will be finished when Titan arrives....Think about it.

Bitcoin will be finished when ASICs arrive.... Think about it.


Altcoins were developed only so that people could mine on commodity hardware and it be impossible to mine on GPUs FPGAs ASICs... oh shit, why do they exist now?

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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