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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012406 times)
smoothrunnings
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September 02, 2014, 01:02:30 PM
 #37521

I have a chance to buy two of EVGA's SuperNOVA NEX 1500 Classified PSU's (1500W each/OC to 1650W) for my Neptune.

http://www.evga.com/products/Specs/PSU.aspx?pn=FDDCBF04-5C70-4324-930F-E9295A96CEF5

What are your thoughts?

Thanks
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poodle63
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September 02, 2014, 01:28:01 PM
 #37522

Does any one purchase jupiter chips to build miner already, I'm about to do it, any advice, thanks in advance!



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Dabs
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September 02, 2014, 02:36:02 PM
 #37523

I wonder if we can buy hashing power, and use that to point to our own pool, or maybe even ck's pool (solo miner pool thing)... then hope to get 25 BTC by solving a block within the next 6 months during the hosting contract.

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RoadStress
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September 02, 2014, 02:45:26 PM
 #37524

I wonder if we can buy hashing power, and use that to point to our own pool, or maybe even ck's pool (solo miner pool thing)... then hope to get 25 BTC by solving a block within the next 6 months during the hosting contract.

Don't think so:

Code:
* KnC Clear Sky Pool (PPS).

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
Gator-hex
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September 02, 2014, 03:08:56 PM
 #37525

What makes you think that some of us aren't massively profiting from these price drops?

For some of those shorting, a drop to $100 could spell instant retirement.

How does shorting works? I mean if you just sell the BTC you gain nothing. It works like in a forex where you open a sell order and when the price goes down then you make money? How many providers offers such services?

Sort of.  I borrow 100BTC from someone and sell it for $500/BTC.  Now I have $50,000 and 0BTC, but I owe that 100BTC back.  Let's say USD/BTC now drops down to $100/BTC.  I buy 100BTC, now I have 100BTC and $40,000.  I give the 100BTC back to the person I borrowed from and keep the $40,000 for myself (or convert that $40,000 to BTC at $100/BTC and keep that).

There's quite a bit more to it, but that's the basic idea.

As to who offers:  Bitfinex, BTC.sx, PLus500, and others I'm sure.

This is why people should hold their own gold/bitcoin/shares etc.
When you let an institution hold them for you they lend them out to shorters for a fee and you are just another creditor should they go bust.

nightengale
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September 02, 2014, 04:12:12 PM
 #37526

Soon capital will back to Bitcoin and Litecoin, will see~ after Ali's IPO success!

What is "Ali's IPO success"?
TKeenan
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September 02, 2014, 04:23:12 PM
 #37527

https://twitter.com/ben_turas/status/506730666864963584

@kncminer And what happens to the GHs not sold ? https://www.kncminer.com/pages/faq  "We will not mine with more than 5% of the hash rate we sell"

I know that you are not expecting a reply from KnC so I will try to answer you. Technically once they sell the hashrate they don't mine with it so they are within that statement.

Of course there is mining that is happening since Feb/March, but they don't care. FU Sam Cole and FU whole KnC team (except maybe Markus).
This is bullshit.  They still mine.  But they take the proceeds of that mining and resell it for their benefit.  That is mining.  They are totally outside the scope of their statement.  It is an outrage.  

KnC has now removed the 5% promise from their FAQ page.  I guess they think this means the promise no longer applies?  Did their promise to not mine more than 5% somehow get revoked?  What if we as customers/suckers believed they would hold to this promise and we relied upon that assurance when we made our decision to purchase their mining gear?  They think it is OK to go back on that promise now?

shmadz
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September 02, 2014, 04:48:03 PM
 #37528

Any news on when CA batch Neptune customers will get their bonus rig?

^^ Yeah, how about an update on this ^^

I am also getting antsy to get my hands on my bonus miner... The weather is starting to turn and I need more heaters!

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
Cablez
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September 02, 2014, 04:54:35 PM
 #37529

Soon capital will back to Bitcoin and Litecoin, will see~ after Ali's IPO success!

What is "Ali's IPO success"?

Alibaba's IPO recently?

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
CrazyGuy
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September 02, 2014, 05:46:47 PM
 #37530

Received a cloud hashing sales message today. Fortunately, the clear cut terms have made the math extremely easy.

$2k for 6 months hashing at 1th.

- With no difficulty increases, 1th will earn around 3.24 BTC over 6 months.
- $2k today will buy you around 4.10 BTC.
- In order to mine 4.10 BTC in 6 months, difficulty needs to drop to around 23 billion and stay there for 6 months.

This is a great deal if you believe hashrate is getting ready to drop below 23 billion and keep dropping.

ASICPuppy.net ASIC Mining Hardware and Accessories - 2Pacs in stock!
smoothrunnings
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September 02, 2014, 05:55:54 PM
 #37531

Does anyone have any idea how much revenue KnC generates by mining?

2192 BTC a day. Wink
Airwhale
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September 02, 2014, 06:15:02 PM
 #37532

Does anyone have any idea how much revenue KnC generates by mining?

According to http://organofcorti.blogspot.com/ , KnC currently hashes with about 5.8 petahashes of equipment.  (Give or take 1 petahash or so.)

So at current difficulty before costs,  that is about 106 BTC a day,  or 51,000 USD.
samsonn25
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September 02, 2014, 06:20:10 PM
 #37533

Does anyone have any idea how much revenue KnC generates by mining?

2192 BTC a day. Wink

Whats that about 11 PH out of 208 PH  of the total network (5.3%) is pretty close estimation,   before electricity costs.
btc_uzr
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September 02, 2014, 06:22:49 PM
 #37534

Does anyone have any idea how much revenue KnC generates by mining?

According to http://organofcorti.blogspot.com/ , KnC currently hashes with about 5.8 picohashes of equipment.  (Give or take 1 picohash or so.)

So at current difficulty before costs,  that is about 106 BTC a day,  or 51,000 USD.

Down to 5.8 Picohash?...that would be nice  Grin
pico = 10^-12

You meant petahash which is 10^15

!! File Complaints Against KnCMiner NOW !!
..and Thou shalt spread the coin in the name of cryptography for eternity
Airwhale
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September 02, 2014, 06:40:18 PM
 #37535

Yep.  oops. corrected.
smoothrunnings
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September 02, 2014, 06:50:28 PM
 #37536

Does anyone have any idea how much revenue KnC generates by mining?

2192 BTC a day. Wink

Whats that about 11 PH out of 208 PH  of the total network (5.3%) is pretty close estimation,   before electricity costs.

KNC doesn't pay for electricity, they steal it from the locals! Cheesy

So its 100% profit for them.
samsonn25
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September 02, 2014, 06:58:46 PM
 #37537

lol

faetos
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September 02, 2014, 07:06:36 PM
 #37538

Received a cloud hashing sales message today. Fortunately, the clear cut terms have made the math extremely easy.

$2k for 6 months hashing at 1th.

- With no difficulty increases, 1th will earn around 3.24 BTC over 6 months.
- $2k today will buy you around 4.10 BTC.
- In order to mine 4.10 BTC in 6 months, difficulty needs to drop to around 23 billion and stay there for 6 months.

This is a great deal if you believe hashrate is getting ready to drop below 23 billion and keep dropping.

However, there will still be some mathematically challenged people that will think it's a great deal and buy it just because it's from "the most trusted name in bitcoin mining!" Excuse me. I just had to vomit.
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September 02, 2014, 07:44:12 PM
 #37539

This is bullshit.  They still mine.  But they take the proceeds of that mining and resell it for their benefit.  That is mining.  They are totally outside the scope of their statement.  It is an outrage.  

KnC has now removed the 5% promise from their FAQ page.  I guess they think this means the promise no longer applies?  Did their promise to not mine more than 5% somehow get revoked?  What if we as customers/suckers believed they would hold to this promise and we relied upon that assurance when we made our decision to purchase their mining gear?  They think it is OK to go back on that promise now?

I know. I was just imagining how would they excuse themselves. I bet that if they have 7PH for selling they have another 7PH for themselves...

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
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September 02, 2014, 08:18:18 PM
 #37540

I posted this in regards to bitmains cloud offering, but it's equally true here.

Quote
Selling cloud mining is a way to raise money for the next generation equipment. This wouldn't be so bad if you stood a chance of making a profit as well out of the deal but the chances are slim, and that new equipment will be deployed by them before you have access to it, raising the difficulty and further eroding your returns from the current offering.

ALL manufacturers are ripping off buyers, the only way the equation will start to balance so that BOTH parties make something is when people stop paying these inflated prices.

The only difference with KNC's offer is the word 'slim' can be replaced with 'not a snowballs chance in hell'

Bitmain sold over $250,000 worth of shares in the first couple of hours so no chance of my second sentence coming true.

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