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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3006591 times)
samsonn25
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June 04, 2014, 11:04:14 PM
 #34461

Yes I'm sure the asm upgrades are part of it.   The guy in hk and megapower first.  Those old blades were the last remaining hogs. Even with liquid immersion.


EDIT:  Megabigpower was using BitFury not ASM.
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June 04, 2014, 11:05:08 PM
 #34462

It's scary how the network can go up then down 2-3 ph just like that. That's like the power of a few thousand s2.  Someone is testing a large system right now.

That's just statistical noise. The network hashrate is just an estimate based on how often blocks are solved with the current difficulty... or something like that, lol. Someone else can explain it much better.
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June 04, 2014, 11:20:15 PM
 #34463

It's scary how the network can go up then down 2-3 ph just like that. That's like the power of a few thousand s2.  Someone is testing a large system right now.

That's just statistical noise. The network hashrate is just an estimate based on how often blocks are solved with the current difficulty... or something like that, lol. Someone else can explai
n it much better.

Yes.  And besides luck.  Usually more blocks are found by having more hashing power to do the calculations faster. So I would say there is a strong correlation.
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June 05, 2014, 12:34:13 AM
 #34464

It's scary how the network can go up then down 2-3 ph just like that. That's like the power of a few thousand s2.  Someone is testing a large system right now.
KNC. Elephant in the room. Be forewarned .. Neptune rises.
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June 05, 2014, 12:36:40 AM
 #34465

Double spends? Of course! KNC are not honest. I bet their checks bounce too.

Avenger, you don't know what you are talking about. Who is paying you to FUD like this ?
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June 05, 2014, 12:41:06 AM
 #34466

I got today my replacement controller back from KNC for my Super Jupiters.
There is the fimware: "KnC Jupiter Hosting 1.00-rc14" on it.

Does any one knows whats the difference? Also I was there this bitcoin adress: 1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X
Blockchain means that there are double spends on it. Is it realy possible.

The two super jup´s perfoming on 5900 to 6200. It´s ok for me. Oh and need 9500 Watts. I´m glad, that I got an 25Kwp PV system. Smiley
Thanks for the info on what looks to be a KnC mining address.

Not sure what you mean by "double spends" though.

Run a Bitcoin node, support the network.
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June 05, 2014, 12:54:37 AM
 #34467

I forsee the future. Neptune's will eventually come out and all those who waited out will plug them in and keep blowing fuses.

Need help with your Newznab usenet indexer? http://www.newznabforums.com
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June 05, 2014, 12:57:27 AM
 #34468

I got today my replacement controller back from KNC for my Super Jupiters.
There is the fimware: "KnC Jupiter Hosting 1.00-rc14" on it.

Does any one knows whats the difference? Also I was there this bitcoin adress: 1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X
Blockchain means that there are double spends on it. Is it realy possible.

The two super jup´s perfoming on 5900 to 6200. It´s ok for me. Oh and need 9500 Watts. I´m glad, that I got an 25Kwp PV system. Smiley
Thanks for the info on what looks to be a KnC mining address.

Not sure what you mean by "double spends" though.

Addresses and wallets can be created at will, so anything publicly known means there is probably alot more other stuff we "dont" know about.  Just like mining in the "dark pool".
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June 05, 2014, 01:45:02 AM
 #34469

Some people here seem to be reading too much into the network hash rate rising or falling by a couple of petahash over a short time. It is unlikely to be just people adding or removing miners.  It is much more likely to be statistical error caused by how the network hash rate is calculated.  

You can assume a 5% error in the displayed network hash rates.  For example a site may display a network hash rate of say 101.2345 petahash but in reality the network hash rate is likely to be anywhere between 96 and 106 petahash.  

In summary the network hash rate is only a statistical average with considerable error - assume a 5% error.

In the short term any KNC changes are likely to be swamped by the statistical noise in the network hash rate data.  It is the statistic noise that makes the network hash rate changes appear so random.
 
The Mathematical Details

I don't claim to be a mathematician but the following is based on my understanding.  The displayed network hash rates are based on the time taken to solve the last X blocks.  The average time to solve a block will be taken as 600 seconds with a standard deviation also of 600 seconds.  This assumes the block solve times following a poisson distribution.

The standard deviation falls as the square root of the number of samples.

Over 504 blocks the standard deviation on the average block solve time would be 600 / sqrt(504) or 26 seconds.  The standard deviation error in network hash rate is thus 26/600 or 4.5%.

Similarly for 24 hours the standard deviation in the network has rate would be 600/sqrt(24*6) or 50 seconds giving about an 8% error.
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June 05, 2014, 01:54:23 AM
 #34470

So at every level at check there is this standard deviation.  Without an absolute standard there is never a true value.

Im only saying there is alot of hooligans going on in the background, in Addition to the "rising hashrate" and "rising level of difficulty".
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June 05, 2014, 02:31:30 AM
 #34471

I forsee the future. Neptune's will eventually come out and all those who waited out will plug them in and keep blowing fuses.

I foresee the future. Neptune's will eventually come out and all those who waited will plug them in and own the future.
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June 05, 2014, 02:59:55 AM
 #34472

asic scrypt miners will basically kill the scrypt market. Don't see the point in wasting money on these. It would be different if there was really only 1 coin to mine for as in BTC, besides scrypt coins are dying off to x11 and x13 coins..... you guys will be all alone competing against others with titans etc., so your right back where you started only 9,000 in debt. Might as well have stuck with GPUS.  Wink They will make a nice  conversation piece though lol

*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG *CRM: CZCK5ZXNhwkRePB3gRAD1S3tsSxQZFs2ku *BTCZ t1efeQaniPeXUcQCBML3Pph8EKHsSDTQDGK
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June 05, 2014, 03:25:00 AM
 #34473

asic scrypt miners will basically kill the scrypt market. Don't see the point in wasting money on these. It would be different if there was really only 1 coin to mine for as in BTC, besides scrypt coins are dying off to x11 and x13 coins..... you guys will be all alone competing against others with titans etc., so your right back where you started only 9,000 in debt. Might as well have stuck with GPUS.  Wink They will make a nice  conversation piece though lol

True,BUT,BTC will be controlled by the mining corps very soon,not sure how that will playout  Sad

At least with altcoins you have quite a few to switch around to,with BTC nothing we can do but give up mining,at home at least............. very sad days coming  Cry

I'd rather compete with fellow miners than the corps  Tongue

Best of luck !!!!!!!!!!!!  Wink

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
samsonn25
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June 05, 2014, 03:33:15 AM
 #34474

If the BTC devlopment team changed the algorithm that would change the game alot.
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June 05, 2014, 04:33:16 AM
 #34475

If the BTC devlopment team changed the algorithm that would change the game alot.

It's too late for that.
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June 05, 2014, 05:51:44 AM
 #34476

If the BTC devlopment team changed the algorithm that would change the game alot.

It's too late for that.

I agree with this. I also read somewhere of some debate about implementing PoS into Bitcoin; which in my view would most likely be a disaster. Further up there is the note that there are lots of other Scrypt coins which can be mined and as a result, big Scrypt rigs will be worth having(?) I disagree; if you are lucky enough to get one of the first batch of the beastly 40DD Titties - you may see some level of investment returned, but there are also lots of other SHA256 coins which can be mined with our existing SHA256 ASICs - and there are a lot of folks who have already switched from BTC to Alts in that sense, but it's not in the volume which will see any kind of decrease in the Bitcoin network hashrate anytime soon. Changing the algo, while in principle sounds like a masterplan, would simply negate all the investment made by all of us - what would happen? We'd all switch to another coin - which would be the most profitable coin we can all find, collectively. And thus, the coin we switched to, may end up overtaking Bitcoin. But this is indeed all conjecture at this point. Well we know; none of this is ever going to happen. I do, however have my eyes on the coin I will mine with my ASICs when Bitcoin finally becomes too tough for a little guy like me to crack - and it is, a PoW/PoS coin.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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June 05, 2014, 06:28:45 AM
 #34477

If the BTC devlopment team changed the algorithm that would change the game alot.

It's too late for that.

I agree with this. I also read somewhere of some debate about implementing PoS into Bitcoin; which in my view would most likely be a disaster. Further up there is the note that there are lots of other Scrypt coins which can be mined and as a result, big Scrypt rigs will be worth having(?) I disagree; if you are lucky enough to get one of the first batch of the beastly 40DD Titties - you may see some level of investment returned, but there are also lots of other SHA256 coins which can be mined with our existing SHA256 ASICs - and there are a lot of folks who have already switched from BTC to Alts in that sense, but it's not in the volume which will see any kind of decrease in the Bitcoin network hashrate anytime soon. Changing the algo, while in principle sounds like a masterplan, would simply negate all the investment made by all of us - what would happen? We'd all switch to another coin - which would be the most profitable coin we can all find, collectively. And thus, the coin we switched to, may end up overtaking Bitcoin. But this is indeed all conjecture at this point. Well we know; none of this is ever going to happen. I do, however have my eyes on the coin I will mine with my ASICs when Bitcoin finally becomes too tough for a little guy like me to crack - and it is, a PoW/PoS coin.

A little hint: look at 3rd place on coinmarketcap.com, it's a POS coin...  Wink

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June 05, 2014, 06:35:09 AM
 #34478

If the BTC devlopment team changed the algorithm that would change the game alot.

It's too late for that.

I agree with this. I also read somewhere of some debate about implementing PoS into Bitcoin; which in my view would most likely be a disaster. Further up there is the note that there are lots of other Scrypt coins which can be mined and as a result, big Scrypt rigs will be worth having(?) I disagree; if you are lucky enough to get one of the first batch of the beastly 40DD Titties - you may see some level of investment returned, but there are also lots of other SHA256 coins which can be mined with our existing SHA256 ASICs - and there are a lot of folks who have already switched from BTC to Alts in that sense, but it's not in the volume which will see any kind of decrease in the Bitcoin network hashrate anytime soon. Changing the algo, while in principle sounds like a masterplan, would simply negate all the investment made by all of us - what would happen? We'd all switch to another coin - which would be the most profitable coin we can all find, collectively. And thus, the coin we switched to, may end up overtaking Bitcoin. But this is indeed all conjecture at this point. Well we know; none of this is ever going to happen. I do, however have my eyes on the coin I will mine with my ASICs when Bitcoin finally becomes too tough for a little guy like me to crack - and it is, a PoW/PoS coin.

A little hint: look at 3rd place on coinmarketcap.com, it's a POS coin...  Wink

a hint to what? the discussion was centring around changing the algorithm - which I presumed meant making Bitcoin Scrypt/X11/shitcoin algo.
please read the entire comment next time, prior to retorting. thanks.

ps. I had some NXT when it was a simple web wallet. nothing special there.
pps. OK blockchain has my NXT - and it's now showing in my wallet.
ppps. i don't alt.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
xstr8guy
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June 05, 2014, 07:50:13 AM
 #34479

If the BTC devlopment team changed the algorithm that would change the game alot.

It's too late for that.

I agree with this. I also read somewhere of some debate about implementing PoS into Bitcoin; which in my view would most likely be a disaster. Further up there is the note that there are lots of other Scrypt coins which can be mined and as a result, big Scrypt rigs will be worth having(?) I disagree; if you are lucky enough to get one of the first batch of the beastly 40DD Titties - you may see some level of investment returned, but there are also lots of other SHA256 coins which can be mined with our existing SHA256 ASICs - and there are a lot of folks who have already switched from BTC to Alts in that sense, but it's not in the volume which will see any kind of decrease in the Bitcoin network hashrate anytime soon. Changing the algo, while in principle sounds like a masterplan, would simply negate all the investment made by all of us - what would happen? We'd all switch to another coin - which would be the most profitable coin we can all find, collectively. And thus, the coin we switched to, may end up overtaking Bitcoin. But this is indeed all conjecture at this point. Well we know; none of this is ever going to happen. I do, however have my eyes on the coin I will mine with my ASICs when Bitcoin finally becomes too tough for a little guy like me to crack - and it is, a PoW/PoS coin.

A little hint: look at 3rd place on coinmarketcap.com, it's a POS coin...  Wink

a hint to what? the discussion was centring around changing the algorithm - which I presumed meant making Bitcoin Scrypt/X11/shitcoin algo.
please read the entire comment next time, prior to retorting. thanks.

ps. I had some NXT when it was a simple web wallet. nothing special there.
pps. OK blockchain has my NXT - and it's now showing in my wallet.
ppps. i don't alt.

Oh this is going to get deleted, I just know it, lol. Peercoin is the only POW/POS I currently know of, at least of the POS coins still in POW stage. Curious, you "don't alt" but you have your eyes on other SHA coins? Do you mean you don't currently mine alt coins but are interested? Btw, NXT is really high right now. Might be a good time to sell some. I did.  Smiley
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June 05, 2014, 12:04:50 PM
 #34480

News again.

Titan Tape-Out Achieved
https://www.kncminer.com/news/news-93

!! File Complaints Against KnCMiner NOW !!
..and Thou shalt spread the coin in the name of cryptography for eternity
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