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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3039472 times)
Soros Shorts
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March 29, 2014, 06:52:13 AM
 #31501

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?

Flood of Vertcoin knockoffs in 3... 2... 1...
Because centralized supercomputers and giant server clusters can never mine Vertcoins ...
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March 29, 2014, 06:59:36 AM
 #31502

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

There's more to it. Most alts are going to have a short life span. Some will not. I don't think LTC is going to be a big winner, because they have managed inadvertently to establish themselves as the "also ran" coin. A great many of them are just people playing or scamming. But there are a few that have some serious potential. It's in the dumps right now, but the horse I'm officially backing is Earthcoin. It's designed to be a global cheap currency, and it's ASIC mineable. I know a couple guys mining it with gridseeds already.

Bitcoin is the trailblazer. I don't see it dying, but I don't see it being the ultimate winner either. It has some limitations to its success, such as transaction times and a lot of negative press. This will allow it's competitors to exploit it's known problems for their gain. This in turn will strengthen the eco system. I see the development of scrypt asics as a very positive development.

But some things need to happen that haven't yet. Ready transference in and out of various fiat currencies, Point of Sale systems OUTSIDE of the internet, and more trading pairs. While I find it personally offensive, DOGE is likely to be a big winner in the asic age, because it's already a big winner. This also lends more credence to my long standing postulate that Einstein was fundamentally wrong. The Universal Constant is NOT the speed of light. It's perversity. I see evidence in favor of this every single day.

One way or another, Bitcoin has changed currency forever. I think it's likely to remain the "standard" by which other coins are judged, but I don't think that it will always be king of the hill.

Equaliser! Bringing the Blockchain Home  New exchange new exchange coming soon  Looks like it could be a contender. Disclosure: This is an affiliate link. Costs you nothing, might make me something. Cypherfunks will rise Again! https://bitcointalk.org/index.php?topic=469407.0
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March 29, 2014, 07:37:40 AM
 #31503

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?

Maybe it is time you take a strong look at Nxt!    Wink
No thanks, I took a long hard look at bitcoin and liked what I saw and still like it today.

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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March 29, 2014, 07:45:51 AM
 #31504

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?
Maybe it is time you take a strong look at Nxt!    Wink

No thanks, I took a long hard look at bitcoin and liked what I saw and still like it today.


You were discussing Altcoins if I am not mistaken...    Undecided
Not really, I was dissing them.

Developer/maintainer for cgminer and ckpool/ckproxy.
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March 29, 2014, 07:50:08 AM
 #31505

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?
Maybe it is time you take a strong look at Nxt!   Wink
No thanks, I took a long hard look at bitcoin and liked what I saw and still like it today.
You were discussing Altcoins if I am not mistaken...    Undecided

Not really, I was dissing them.


Regardless...  there is an answer to your question...    Roll Eyes
I hate to be pedantic but I wasn't... oh forget it Tongue

Developer/maintainer for cgminer and ckpool/ckproxy.
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March 29, 2014, 07:53:21 AM
 #31506

i thought i'd dabble with an alt coin... tried a PoS one, it's a crock of shit, buggy as hell and totally pointless.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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March 29, 2014, 08:58:05 AM
 #31507

Maybe KnC have very good relations and they can get it faster. They do chips for 10 years. Can't be all in vain.
It was ORSoC first ASIC. They had FPGA code, ALCHIP did all the job.
Relations won't help here. Double Patterning takes times.
4-5 months to samples.

Guys, don't get in this pissing match. If AVENGER is taking the KnC side of the argument, you're likely wrong.

You're off to an amazing start with your own beastie. Let it lie. KnC is quite capable of digging their own grave. Also quite capable of pulling a rabbit out of their ass. You can't call this one.

Update to The Avenger's Christmas card list:
Biomech

"I am not The Avenger"
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March 29, 2014, 09:16:03 AM
 #31508

Maybe KnC have very good relations and they can get it faster. They do chips for 10 years. Can't be all in vain.
It was ORSoC first ASIC. They had FPGA code, ALCHIP did all the job.
Relations won't help here. Double Patterning takes times.
4-5 months to samples.

Guys, don't get in this pissing match. If AVENGER is taking the KnC side of the argument, you're likely wrong.

You're off to an amazing start with your own beastie. Let it lie. KnC is quite capable of digging their own grave. Also quite capable of pulling a rabbit out of their ass. You can't call this one.

Update to The Avenger's Christmas card list:
Biomech

Cool! I hate Christmas. perfectly good holiday ruined by Christians.


Equaliser! Bringing the Blockchain Home  New exchange new exchange coming soon  Looks like it could be a contender. Disclosure: This is an affiliate link. Costs you nothing, might make me something. Cypherfunks will rise Again! https://bitcointalk.org/index.php?topic=469407.0
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March 29, 2014, 12:24:55 PM
 #31509

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?
Maybe it is time you take a strong look at Nxt!    Wink
No thanks, I took a long hard look at bitcoin and liked what I saw and still like it today.
You were discussing Altcoins if I am not mistaken...    Undecided

Not really, I was dissing them.


Regardless...  there is an answer to your question...    Roll Eyes
I hate to be pedantic but I wasn't... oh forget it Tongue

Hence the drop of GPU support after 3.8. I agree alts are a side show, like clowns. IMHO they're only good for pump n dumps to make more btc Smiley
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March 29, 2014, 12:58:28 PM
 #31510

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?
Maybe it is time you take a strong look at Nxt!    Wink
No thanks, I took a long hard look at bitcoin and liked what I saw and still like it today.
You were discussing Altcoins if I am not mistaken...    Undecided

Not really, I was dissing them.


Regardless...  there is an answer to your question...    Roll Eyes
I hate to be pedantic but I wasn't... oh forget it Tongue

Hence the drop of GPU support after 3.8. I agree alts are a side show, like clowns. IMHO they're only good for pump n dumps to make more btc Smiley

Bitcoins are to dollars as altcoins are to dimes.

When I have enough dimes.........

You can call them clowns all you want but I make my kids tuition payments with the altcoins I mine.

Bitcoins too, just for the record.

Just remember there are many altcoins that are 4000% more profitable than Bitcoins and at least TWICE as stable.

Everytime China farts BTC crashes.

BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
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March 29, 2014, 05:13:00 PM
 #31511

at least were not here:
http://www.coindesk.com/court-grants-order-freeze-hashfasts-bitcoin-wallets/


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March 29, 2014, 05:16:39 PM
 #31512


a temp restraining order is not granted by a judge, it is an order which can be 'purchased' prior to an actual hearing... all it does is instigates a hearing by an actual court/judge.
 

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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March 29, 2014, 06:32:39 PM
 #31513

Ug...  That really sucks.


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March 29, 2014, 06:36:25 PM
 #31514

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?
Maybe it is time you take a strong look at Nxt!    Wink

No thanks, I took a long hard look at bitcoin and liked what I saw and still like it today.


You were discussing Altcoins if I am not mistaken...    Undecided
Not really, I was dissing them.

Lol, had to make sure and quote this.
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March 29, 2014, 07:14:05 PM
 #31515

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?
Maybe it is time you take a strong look at Nxt!    Wink
No thanks, I took a long hard look at bitcoin and liked what I saw and still like it today.
You were discussing Altcoins if I am not mistaken...    Undecided

Not really, I was dissing them.


Regardless...  there is an answer to your question...    Roll Eyes
I hate to be pedantic but I wasn't... oh forget it Tongue

Hence the drop of GPU support after 3.8. I agree alts are a side show, like clowns. IMHO they're only good for pump n dumps to make more btc Smiley

Bitcoins are to dollars as altcoins are to dimes.

When I have enough dimes.........

You can call them clowns all you want but I make my kids tuition payments with the altcoins I mine.

Bitcoins too, just for the record.

Just remember there are many altcoins that are 4000% more profitable than Bitcoins and at least TWICE as stable.

Everytime China farts BTC crashes.

This is nonsense. Perhaps alts are 4000% more profitable than Bitcoins if you're trying to mine both using a GPU, but no-one is mining BTC with GPUs right now.

The Antminer S1 is $450 right now and will earn around $9.50 a day. I don't think any scrypt mining hardware can come close to returning $9.50 per day with a $450 hardware investment right now.
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March 29, 2014, 07:32:13 PM
 #31516

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?
Maybe it is time you take a strong look at Nxt!    Wink
No thanks, I took a long hard look at bitcoin and liked what I saw and still like it today.
You were discussing Altcoins if I am not mistaken...    Undecided

Not really, I was dissing them.


Regardless...  there is an answer to your question...    Roll Eyes
I hate to be pedantic but I wasn't... oh forget it Tongue

Hence the drop of GPU support after 3.8. I agree alts are a side show, like clowns. IMHO they're only good for pump n dumps to make more btc Smiley

Bitcoins are to dollars as altcoins are to dimes.

When I have enough dimes.........

You can call them clowns all you want but I make my kids tuition payments with the altcoins I mine.

Bitcoins too, just for the record.

Just remember there are many altcoins that are 4000% more profitable than Bitcoins and at least TWICE as stable.

Everytime China farts BTC crashes.

This is nonsense. Perhaps alts are 4000% more profitable than Bitcoins if you're trying to mine both using a GPU, but no-one is mining BTC with GPUs right now.

The Antminer S1 is $450 right now and will earn around $9.50 a day. I don't think any scrypt mining hardware can come close to returning $9.50 per day with a $450 hardware investment right now.
I like the way you think. keep thinking like that, cuz it lowers the diff for me. I am beating BTC by a couple percent with SHA alts nearly every day. Think what you could do with a couple gridseeds...

Equaliser! Bringing the Blockchain Home  New exchange new exchange coming soon  Looks like it could be a contender. Disclosure: This is an affiliate link. Costs you nothing, might make me something. Cypherfunks will rise Again! https://bitcointalk.org/index.php?topic=469407.0
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March 29, 2014, 07:49:18 PM
 #31517

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?
Maybe it is time you take a strong look at Nxt!    Wink
No thanks, I took a long hard look at bitcoin and liked what I saw and still like it today.
You were discussing Altcoins if I am not mistaken...    Undecided

Not really, I was dissing them.


Regardless...  there is an answer to your question...    Roll Eyes
I hate to be pedantic but I wasn't... oh forget it Tongue

Hence the drop of GPU support after 3.8. I agree alts are a side show, like clowns. IMHO they're only good for pump n dumps to make more btc Smiley

Bitcoins are to dollars as altcoins are to dimes.

When I have enough dimes.........

You can call them clowns all you want but I make my kids tuition payments with the altcoins I mine.

Bitcoins too, just for the record.

Just remember there are many altcoins that are 4000% more profitable than Bitcoins and at least TWICE as stable.

Everytime China farts BTC crashes.

This is nonsense. Perhaps alts are 4000% more profitable than Bitcoins if you're trying to mine both using a GPU, but no-one is mining BTC with GPUs right now.

The Antminer S1 is $450 right now and will earn around $9.50 a day. I don't think any scrypt mining hardware can come close to returning $9.50 per day with a $450 hardware investment right now.
I like the way you think. keep thinking like that, cuz it lowers the diff for me. I am beating BTC by a couple percent with SHA alts nearly every day. Think what you could do with a couple gridseeds...

I did imagine what I could do with a couple of Gridseeds, and it gives me nightmares. Gridseed miners are quite possibly the worst hardware buy available right now. Each one costs around $200 for 400 MH, and pays a earns a paltry $1 per day, with means they will take ~200 days to ROI not including power costs and difficulty increases.

It takes ~5.6 MH right now to earn a single litecoin per day, which is worth a whopping $14 each.

About the only thing worse than buying Gridseed miners right now would be pre-ording a Titan.   Smiley
faetos
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March 29, 2014, 07:57:47 PM
 #31518

Did anyone pick up an Alpha technology order yesterday?
bobsmoke
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March 29, 2014, 08:20:15 PM
 #31519

It seems the biggest pool at the moment is Unknown (https://blockchain.info/pools) which seems to be KncMiner who was 10% of the hashrate last week (http://organofcorti.blogspot.no/2014/03/march-23rd-2014-weekly-hashrate.html)

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March 29, 2014, 08:35:15 PM
 #31520

I had realized something:

the whole purpose of scrypt miner by KnC is to create the demand for BTC that they are selling from the datorhall.
Think about it, scrypt miners using fast Titan will mine large amounts of LTC, which they will immediately convert to BTC (at least 90%), providing a nice bid for BTC KnC is selling weekly.

That's why we are bombarded by info on how wonderful Titan will be and absolutely nothing on Neptune.
Neptune in the hands of customers will COMPETE with datorhall, hence no incentive of providing it early or with improved characteristics and this is why it is absolutely unethical for all hardware companies to mine on a large scale.

Read messages on knC board-people are almost hysterical now.
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