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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3008009 times)
faetos
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June 15, 2014, 03:10:12 PM
 #34861


not sure if this applies to you guys calculations.but according to my power co in upper midwest..they say my kwh rate is .086c
when you figure taxes and other stuff on the bill the real price per kwh is .15c

so look at your sources and figure accordingly

Searing


I was getting .07/kW but my opportunistic south Texas utility ups it to .13/kW for summer. I agree with timmothy and see a 10G or more mining expense would certainly justify adding a few circuits to a home. A 1G investment in power would be the smart move to make.
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June 15, 2014, 03:25:18 PM
 #34862

HOW we got the BTC will be a lot less important in the future then WHEN we got the BTC imho

Well Searing, in your occasionally endearing homely way you have hit the nail squarely on the head. The usually unspoken but tacit assumption underlying the rationale for mining for profit is the HOPE that BTC will succeed on a grand scale and be valued ORDERS OF MAGNITUDE higher than it is now.

Of course, if you buy into this rationale, you join all the other gamblers, treasure hunters, pyramid and ponzi scheme perps and participants around the world who share one hope and one personality characteristic … the hope that one day their ordinary life will be alchemically transformed through the power of gambling into one of riches and abundance and that ALMOST ANY RISK at ANY PRICE is worth taking to make it happen, irrespective of the potential loss, which is always small because these sorts of people have mostly already lost much of what they had because their strategy has VERY LOW ODDS of succeeding.

Shovel and miner gear merchants love these people and go out of their way to try to minimize or hide the risk involved. They would rather talk about how their shovel is just a little bit lighter or doesn't rust so quickly or can be had today instead of tomorrow.

Far better to look at the best case AND worst case scenarios and then decide rationally how much risk you are willing to take.

And remember, you can always tell the missus : "Honey, KNC MADE ME DO IT"

~L)L~



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June 15, 2014, 08:31:21 PM
 #34863

Of course, if you buy into this rationale, you join all the other gamblers, treasure hunters, pyramid and ponzi scheme perps and participants around the world who share one hope and one personality characteristic … the hope that one day their ordinary life will be alchemically transformed through the power of gambling into one of riches and abundance and that ALMOST ANY RISK at ANY PRICE is worth taking to make it happen, irrespective of the potential loss, which is always small because these sorts of people have mostly already lost much of what they had because their strategy has VERY LOW ODDS of succeeding.

That strategy worked pretty good for me with GPUs, not so much ASICs.

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RoadStress
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June 15, 2014, 08:45:16 PM
 #34864

With all the KNC day of reckoning LOL from Avenger, Aren't the first SP30 machines (April sale) supposed to ship in July ?
I wonder if SP30 is shipping July 1 or July 31 ? Do SDT have chips yet ?

~ Two weeks now to July …


~L)L~

They will ship towards the end of the month. I'm expecting them to have chips in hand around the middle of the month.

Two weeks to July and no Neptune news. You are shilling for such a great company...

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
raskul
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June 15, 2014, 09:00:57 PM
 #34865

Day of Reckining 2: Neptune edition Cheesy



although your humour is not fading; those photoshop skills are becoming worse mate!

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
BITCOINDENMARK
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June 15, 2014, 09:22:41 PM
 #34866

All europeans (like myself) pay a premium price for electricity and having the possibility to host the miner in a DC at $0.15/kwh is actually GOOD.

Hey now, last year I ended up paying about $0,14/kwh averaged out over the entire year and I live in Taxland aka Sweden!

You CAN'T host 6Th/s at home using rockminer miners.

I'll tell my 4,4TH of S1s who are generating over 8KW of heat the sad news then, the Internet has declared them impossible Sad
Granted I have banished them to the garage since middle of may since they were starting to get a bit noisy!

How are you getting it at 0.14 ?, I am in dk, paying 0.50

The Avenger
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June 15, 2014, 09:39:21 PM
 #34867

although your humour is not fading; those photoshop skills are becoming worse mate!
Pay peanuts, get monkeys. Pay nothing, get crap photoshopping! Grin

It's the thought that counts  Cool

"I am not The Avenger"
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BITCOINDENMARK
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June 15, 2014, 09:58:07 PM
 #34868



They will ship towards the end of the month. I'm expecting them to have chips in hand around the middle of the month.

Two weeks to July and no Neptune news. You are shilling for such a great company...
[/quote]


I goggled "Never send BTC to an address you get in a PM" - no hit, why not send to address in pm ?

RoadStress
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June 15, 2014, 10:01:24 PM
 #34869

I goggled "Never send BTC to an address you get in a PM" - no hit, why not send to address in pm ?

There were cases of fake users like "RoadStress`" that were asking bitcoins for immediate shipping miners. They were obviously scammers! That's why you never send BTC to addresses that you receive in a PM from me or from SP-Tech (we won't ask money in a PM, but fakes users will do) or anyone that promises you anything.

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
opentoe
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Personal text my ass....


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June 15, 2014, 10:06:13 PM
 #34870

I've read 5 pages about hosting gear in homes and vice versa and a lot of missing information regarding about the noise and heat of these rigs. I had one SP10 running all night in my office, outside air was 68 degrees. In the morning the room temp was 104 degrees. And that was just one SP10. You will need 24/7 cooling. Can't just turn your AC on you feel it getting warmer, since it will always be warm. Then bring in the larger rigs. The SP30. Listen, of course you "can" run that thing in a US home but really who has 2400-2500 watts available AND the 24/7 cooling accessible at home? Most likely a bitcoin miner would, but 2500 watts eats up a ton of energy and does use a lot of resources. While you can do some rewire work in your house that's just adding to the price tag of the rig, which then would never break even anyway. I suspect a lot of these SP30's and even Neptune's will be hosted somewhere. At work, friend's house who has the resources, co-location, etc....


The lucky ones are the ones that already have have the volts/amps/watts readily available and the cooling in place. I'm a little jealous of them!

I can't wait to see the reaction of new Neptune owner's (and SP30) on how big these rigs are physically and how much heat really pours out of them.

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opentoe
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Personal text my ass....


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June 15, 2014, 10:08:59 PM
 #34871

I goggled "Never send BTC to an address you get in a PM" - no hit, why not send to address in pm ?

There were cases of fake users like "RoadStress`" that were asking bitcoins for immediate shipping miners. They were obviously scammers! That's why you never send BTC to addresses that you receive in a PM from me or from SP-Tech (we won't ask money in a PM, but fakes users will do) or anyone that promises you anything.

And of course you encrypt the addresss and information anyway, so even if you end up sending the info along they still won't be able to do anything with it anyway. NEVER send personal information without encrypting it first. It is well worth the small extra steps you have to do. And then of course common sense is the most prevalent here.

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DevonMiner
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June 15, 2014, 10:10:45 PM
 #34872

I can't wait to see the reaction of new Neptune owner's (and SP30) on how big these rigs are physically and how much heat really pours out of them.

Too true, the future of mining is DC hosting or similar ... 12 months from now the landscape will be very different.

RoadStress
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June 15, 2014, 10:19:12 PM
 #34873

I goggled "Never send BTC to an address you get in a PM" - no hit, why not send to address in pm ?

There were cases of fake users like "RoadStress`" that were asking bitcoins for immediate shipping miners. They were obviously scammers! That's why you never send BTC to addresses that you receive in a PM from me or from SP-Tech (we won't ask money in a PM, but fakes users will do) or anyone that promises you anything.

And of course you encrypt the addresss and information anyway, so even if you end up sending the info along they still won't be able to do anything with it anyway. NEVER send personal information without encrypting it first. It is well worth the small extra steps you have to do. And then of course common sense is the most prevalent here.

It's a good advice, but personal information comes on the second place. Sending BTCs to scammers/phisers is a much worse thing than not encrypting your personal information.

I can't wait to see the reaction of new Neptune owner's (and SP30) on how big these rigs are physically and how much heat really pours out of them.

Too true, the future of mining is DC hosting or similar ... 12 months from now the landscape will be very different.

It is, but jimmothy still thinks that the home mining is the future Smiley

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
jimmothy
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June 15, 2014, 10:34:49 PM
 #34874

I can't wait to see the reaction of new Neptune owner's (and SP30) on how big these rigs are physically and how much heat really pours out of them.

Too true, the future of mining is DC hosting or similar ... 12 months from now the landscape will be very different.

It is, but jimmothy still thinks that the home mining is the future Smiley

It's not "the future" but it is part of it.

There will be huge mining operations and small home operations.

The people who are forced to pay a datacenter for hosting will simply be squeezed out of the game due to the unnecessary additional costs.

You don't honestly think that ALL home miners are just going to stop their operations right?
BITCOINDENMARK
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June 15, 2014, 10:48:45 PM
 #34875

I goggled "Never send BTC to an address you get in a PM" - no hit, why not send to address in pm ?

There were cases of fake users like "RoadStress`" that were asking bitcoins for immediate shipping miners. They were obviously scammers! That's why you never send BTC to addresses that you receive in a PM from me or from SP-Tech (we won't ask money in a PM, but fakes users will do) or anyone that promises you anything.

And of course you encrypt the addresss and information anyway, so even if you end up sending the info along they still won't be able to do anything with it anyway. NEVER send personal information without encrypting it first. It is well worth the small extra steps you have to do. And then of course common sense is the most prevalent here.

It's a good advice, but personal information comes on the second place. Sending BTCs to scammers/phisers is a much worse thing than not encrypting your personal information.

I can't wait to see the reaction of new Neptune owner's (and SP30) on how big these rigs are physically and how much heat really pours out of them.

Too true, the future of mining is DC hosting or similar ... 12 months from now the landscape will be very different.

It is, but jimmothy still thinks that the home mining is the future Smiley

Got it, thanks for explaining, might need to change my procedure for some sensitive stuff.

RoadStress
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June 15, 2014, 11:20:49 PM
 #34876

It's not "the future" but it is part of it.

There will be huge mining operations and small home operations.

The people who are forced to pay a datacenter for hosting will simply be squeezed out of the game due to the unnecessary additional costs.

You don't honestly think that ALL home miners are just going to stop their operations right?

No, but I am expecting home miners to max their power circuit with the most efficient miners.

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
Biodom
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June 16, 2014, 12:38:58 AM
 #34877

HOW we got the BTC will be a lot less important in the future then WHEN we got the BTC imho

Well Searing, in your occasionally endearing homely way you have hit the nail squarely on the head. The usually unspoken but tacit assumption underlying the rationale for mining for profit is the HOPE that BTC will succeed on a grand scale and be valued ORDERS OF MAGNITUDE higher than it is now.

Of course, if you buy into this rationale, you join all the other gamblers, treasure hunters, pyramid and ponzi scheme perps and participants around the world who share one hope and one personality characteristic … the hope that one day their ordinary life will be alchemically transformed through the power of gambling into one of riches and abundance and that ALMOST ANY RISK at ANY PRICE is worth taking to make it happen, irrespective of the potential loss, which is always small because these sorts of people have mostly already lost much of what they had because their strategy has VERY LOW ODDS of succeeding.

Shovel and miner gear merchants love these people and go out of their way to try to minimize or hide the risk involved. They would rather talk about how their shovel is just a little bit lighter or doesn't rust so quickly or can be had today instead of tomorrow.

Far better to look at the best case AND worst case scenarios and then decide rationally how much risk you are willing to take.

And remember, you can always tell the missus : "Honey, KNC MADE ME DO IT"

~L)L~



Not necessarily...My little S1(s) are already in the black as far as profit (in BTC!) is concerned. Now, if I sell them tomorrow at the prevalent price, i would recoup electricity and power supplies cost and will have ~$60/miner leftover ($$ profit). In fact I am debating whether to do just that or keep mining because electricity cost per s1 is ~$35/mo while with BTC at $592 it can generate ~$141/mo at the current difficulty, which is, of course bound to head higher pretty soon. $35 vs $141 is a pretty sweet profit margin, don't you think.
Bogart
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June 16, 2014, 12:40:19 AM
 #34878

The lucky ones are the ones that already have have the volts/amps/watts readily available and the cooling in place. I'm a little jealous of them!

I can't wait to see the reaction of new Neptune owner's (and SP30) on how big these rigs are physically and how much heat really pours out of them.

Well don't just sit there.  If you've got some "big rigs" on order, get the necessary infrastructure in place now, before delivery.

I'm sure you can buy a few 1500W space heaters for maybe $20 each to simulate the load in order to test the setup.

"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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June 16, 2014, 12:50:18 AM
 #34879

The lucky ones are the ones that already have have the volts/amps/watts readily available and the cooling in place. I'm a little jealous of them!

I can't wait to see the reaction of new Neptune owner's (and SP30) on how big these rigs are physically and how much heat really pours out of them.

Well don't just sit there.  If you've got some "big rigs" on order, get the necessary infrastructure in place now, before delivery.

I'm sure you can buy a few 1500W space heaters for maybe $20 each to simulate the load in order to test the setup.

I already know-8X12 room was heated to 33oC (92oF) with just 2200W, which is similar to Neptune and is less than Sp-30.
The second floor (where 2200w of miners were) stayed at 84-85oF with the 3ton airconditioner running ~80-90% of the time.
100oF (37.7oC) outside did not help either  Sad

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June 16, 2014, 05:27:01 AM
 #34880

HOW we got the BTC will be a lot less important in the future then WHEN we got the BTC imho

Well Searing, in your occasionally endearing homely way you have hit the nail squarely on the head. The usually unspoken but tacit assumption underlying the rationale for mining for profit is the HOPE that BTC will succeed on a grand scale and be valued ORDERS OF MAGNITUDE higher than it is now.

Of course, if you buy into this rationale, you join all the other gamblers, treasure hunters, pyramid and ponzi scheme perps and participants around the world who share one hope and one personality characteristic … the hope that one day their ordinary life will be alchemically transformed through the power of gambling into one of riches and abundance and that ALMOST ANY RISK at ANY PRICE is worth taking to make it happen, irrespective of the potential loss, which is always small because these sorts of people have mostly already lost much of what they had because their strategy has VERY LOW ODDS of succeeding.

Shovel and miner gear merchants love these people and go out of their way to try to minimize or hide the risk involved. They would rather talk about how their shovel is just a little bit lighter or doesn't rust so quickly or can be had today instead of tomorrow.

Far better to look at the best case AND worst case scenarios and then decide rationally how much risk you are willing to take.

And remember, you can always tell the missus : "Honey, KNC MADE ME DO IT"

~L)L~





unfortunately you have to get pounded on the head to get this thru your head..the problem is (and why the BFL scam succeeds) is at least for me it is a lot easier to chuck out 5k for equip
then 5k on coinbase even thou the result (at least for me so far looks like even this year) gonna be a tie if you just bought btc and held it

now as a Newbie you ALWAYS buy equipment...man no way I was gonna put up 7.2k more in coin last oct...but man i bought the shiny toy just fine!

so far this has worked out...the attraction for 'older miners' fades however...the thought of next fall paying 7.2k for a miner that will make like 7 btc maybe...even if the price goes up
rapidly loses it allure

however always a new crop of newbie 'sheep' that are 'shorn' by BFL or others and then (usually takes a year of getting hit in the head) you figure it all out

but yeah spondoolies was my last impulse buy Titan I put that up by being blinded by my Jupiter success and KNC could do no wrong hero worship....I mean 2 weeks after I
got the Titan ordered KNC went down the road of BFL at least ...walking the walk....got blindsided (sorry i was in love with KNC for a bit....so sad ..jilted)

but I have one other problem...my bank made a bunch of mistakes on wire xfers (which they canceled) 6 of them on my attempt to wire xfer knc for miners ..all over 10k
they were too dumb to just ask me or look at my account was made a big deal .(I had the sense to know they were likely to screw me..so sucked it up paid taxes)

which means I'm in the unenviable situation of mining legal in the states at least (hopefully) till rules are changed in 2015 by congress (likely imho)

anyway with equip depreciation etc i likely will get to the same point paid a token tax last year and token tax looks good this year (hard way to get back to the same
place you started but so far am pulling it off with the CPA lady)...not too bad actually being 'squeaky clean to the IRS' .heh

thus equip is more attractive in my situation as long as i make money mining and past equip depreciation applies...i will trickle off next couple of years and wind it up

so some equip purchases dumb for others likely are somewhat 'less dumb' for my situation..(although on 600 usd coin maybe not the case at all anymore)

Me and the IRS gerbil wheel will continue........(fiends!) Smiley

Just keep this in mind when I say I bought something after this point in time (you are likely correct future equip purchases from now on are really iffy for ROI imho)

Searing

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