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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012824 times)
DPoS
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July 25, 2013, 04:24:32 AM
 #4341

There's been some funny games on dropping the hash rate.   When we went to the new diff someone dropped the hashrate to 200 and then the stats were predicting next diff to be LOWER

We know that won't stick but it was odd to see...   

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Phoenix1969
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July 25, 2013, 06:01:08 AM
 #4342

mining.thegenesisblock.com

Pick a Jupiter in October, add in hosting fee, change power costs to 0, change pool fee to 1.5%.

There's no way the diff increase is averaging or going to average 60% a month as their default has it.

Yes it has been, it's pretty simple math. Remember, each 2016 blocks are being solved in 11 days or less right now and each increase has been over 20%. Compound that ~3 times per month and 60% appears conservative.
DIFF HISTORY
https://spreadsheets.google.com/pub?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc
last 3 diff changes were 10%, 22%, and 20% approximately 52/3 is 17 % average over the last 30 days...
but setting that aside;
The diff was 19 mil 40 days ago, and is 31 now, which is more than a 50% overall increase over 4 diffchanges overall
If we apply that to the next 40 days, the diff would only be around 47 mil in the beginning of September, and low 70's in December, but that would be a best case scenario. imho  Also remember, as the total hashrate of the cloud grows, it will take more and more units to make the same % diffchange
You were close Smiley


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timmmers
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July 25, 2013, 08:53:02 AM
 #4343

Two things I'd like more info on. October...which end of it?  Next gen..stats and prices they have as targets.
We can't do much about hashrates and all that side of things now, but we can plan for the future better with some basic info.

I also wonder if them talking about a LTC rig may be their backdoor out if things get too much in BTC..sensible way to go possibly.
Bitcoinorama
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July 25, 2013, 09:01:47 AM
 #4344

Two things I'd like more info on. October...which end of it?  Next gen..stats and prices they have as targets.
We can't do much about hashrates and all that side of things now, but we can plan for the future better with some basic info.

I also wonder if them talking about a LTC rig may be their backdoor out if things get too much in BTC..sensible way to go possibly.

I think as potential competition hots up (and I think we are only *just* starting to see potential competition - it's going to get a LOT stronger) it's time for KnC to keep quiet with their future intentions and stats that give an idea of their next move to competitors, quit talking, and time to simply walk the walk by demonstrating skill and capability...

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
frankenmint
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July 25, 2013, 10:02:20 AM
 #4345

Has anyone seen the new update today with the hosting plans?  Suuuuuppper expensive.  Unless we can hope to see a serious price jump it wouldn't make any sort of sense to host there unless you were a bitcoin millionaire bum?

klee
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July 25, 2013, 10:03:32 AM
 #4346

Hey guys about my issue they emailed me today and said they will refund me in USD!

The guys are very professional IMO and too bad I did not catch the pre-orders...
Next time!

I hope they will deliver on time, they deserve to succeed.
Anenome5
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July 25, 2013, 10:51:20 AM
 #4347

Hey guys about my issue they emailed me today and said they will refund me in USD!

The guys are very professional IMO and too bad I did not catch the pre-orders...
Next time!

I hope they will deliver on time, they deserve to succeed.

Did you originally pay in bitcoin or USD?

Democracy is the original 51% attack.
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July 25, 2013, 11:18:53 AM
 #4348

Hey guys about my issue they emailed me today and said they will refund me in USD!

The guys are very professional IMO and too bad I did not catch the pre-orders...
Next time!

I hope they will deliver on time, they deserve to succeed.

Did you originally pay in bitcoin or USD?
Bitcoins through Bitpay (see previous posts).
Bitcoinorama
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July 25, 2013, 11:26:54 AM
 #4349

Hey guys about my issue they emailed me today and said they will refund me in USD!

The guys are very professional IMO and too bad I did not catch the pre-orders...
Next time!

I hope they will deliver on time, they deserve to succeed.

Did you originally pay in bitcoin or USD?
Bitcoins through Bitpay (see previous posts).

Obviously refunds from Bitcoins will be in dollars. Bitpay converts instantly and KnC's suppliers currently accept payment only in Dollars. Plus as a professional company, they want to declare everything and keep it all above board...

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
polarhei
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July 25, 2013, 01:17:26 PM
 #4350

Has anyone seen the new update today with the hosting plans?  Suuuuuppper expensive.  Unless we can hope to see a serious price jump it wouldn't make any sort of sense to host there unless you were a bitcoin millionaire bum?

Expensive? Well Just reasonable as the basic cost, for 25 US cents per kWh, 432 kWh at most per month, in Saturn case. I think it is sensible. You can count yourself as the people look after your avatar, isn't it?
Paladin69
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July 25, 2013, 01:27:20 PM
 #4351

Does anybody know when the purchasing window closes this year?
Bitcoinorama
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July 25, 2013, 01:49:34 PM
 #4352

Does anybody know when the purchasing window closes this year?

When they've sold out of stock.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
yuriygeorge
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July 25, 2013, 03:04:28 PM
 #4353

Does anyone know if a Jupiter (or Saturn) would fit as a carry on and would there be customs/duty problems going from Sweden to US?
Thanks.

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ASIC-K
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July 25, 2013, 03:07:10 PM
 #4354

i doubt it would be allowed as carry on. it will probably look like a huge bomb. lol.

just check it.
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July 25, 2013, 03:37:05 PM
 #4355

Does anybody know when the purchasing window closes this year?
Who care, for 100Gh Difficulty Factor 26=5600$ now 31mil=4700$ in October 62mil=2200$ in dec. 100mil=1200$ a month, THX God  i live in poor country  Undecided in Feb 500$ stop being funny  Kiss
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July 25, 2013, 04:04:32 PM
 #4356

Does anyone know if a Jupiter (or Saturn) would fit as a carry on and would there be customs/duty problems going from Sweden to US?
Thanks.

I actually asked and they said it should fit in cabin allowance size wise. But that was ages back before they had finalised the design. That said, it's at the discretion/mercy of customs and I just see that being a lot of aggro. It would have to go in the hold. Without PSU and maybe check in well ahead to confirm at the counter of your spec airline?

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
allinvain
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July 25, 2013, 05:31:36 PM
 #4357

Has anyone seen the new update today with the hosting plans?  Suuuuuppper expensive.  Unless we can hope to see a serious price jump it wouldn't make any sort of sense to host there unless you were a bitcoin millionaire bum?

Expensive? Well Just reasonable as the basic cost, for 25 US cents per kWh, 432 kWh at most per month, in Saturn case. I think it is sensible. You can count yourself as the people look after your avatar, isn't it?

Wow, 25 cents per kWh. That's some expensive power they got there. When difficulty pushes even these against the profitability wall they will have to be relocated to some place where power costs are at or below $0.10 kWh

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July 25, 2013, 08:35:09 PM
 #4358

After having a meeting with colleagues(seperate entities) in a brainstorming session that took over 7 hours, I was compelled to share the following with my genius friends here in the forum to chew on... hope it helps someone...
We had a Pow-wow discussion about the hosting situation at KNC, which we had been excited about such a great deal because our electrical costs here alone seemed to make hosting a bargain. (.43/kwhr is 309.60/month for a Jupiter), so for $350 a month, that's like paying $40.40 per month for hosting a Jupiter with the "Dream Team" as we call KNC...
Then we got the bad news.
Hosting will be up-front. This changes everything.
Ultimately, we decided against having KNC host the 3 Saturns we ordered for the following reasons...
1. The UP-Front policy changed the ROI drastically.
  a. Hosting 3 Saturns for 6 months costs 4200 dollars... up-front
  b. Buying another Saturn costs $3,897.60 here in Hawaii with shipping.  (see where I'm going with this?)
2. Here in Hawaii, the electric cost is the among the highest in the world, literally .43/kw/hr, which comes to $464.40/month for the original 3 Saturns just for electric, or $154.80/month/Saturn; which comes to  $928.80 in electric over the six month contract term for each Saturn here in Hawaii.  That's a difference of $3,271.20 over the 6 month hosting fee, which is the actual cost of hosting a single Saturn after electric for us.
3. Now, instead of spending the $4,200.00 on hosting, if we simply bought another Saturn, we would have increased our hash-rate by 25% (200Gh/s)over that six months for $3,897.60. With a projected ROI of 30 days,(We feel an modest estimate) that would leave us with over 300 dollars, and 5 months of pure hashing profit over the same six months, not to mention that we still have the machine hashing long after that.

To put it more simply; Consider the comparison of up-front hosting fees against the lifetime income potential of the machine, minus electric.

We argued other points, like how much we could make in the few days it took to ship versus hosting, which was an attractive point since we are literally on the other side of the world, and what we could stand to loose if the package took 10 to 14 days to arrive.... but with every calculation, the numbers were negligible in comparison to the lifetime ownership of another machine.

Now, if We were able to pay on a month-to month basis during the 6 month term, we would have certainly went for hosting straight away, due to the drastically lower start-up costs. (Hint to Sam & Andreas)

thanks for the breakdown of the numbers. Good stuff.

I'm not one for donations but if you must go ahead and I will keep you in mind. =)
http://payb.tc/omeganemesis28
edgar
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July 26, 2013, 05:26:55 AM
 #4359

Two things I'd like more info on. October...which end of it?  Next gen..stats and prices they have as targets.
We can't do much about hashrates and all that side of things now, but we can plan for the future better with some basic info.

I also wonder if them talking about a LTC rig may be their backdoor out if things get too much in BTC..sensible way to go possibly.

I think as potential competition hots up (and I think we are only *just* starting to see potential competition - it's going to get a LOT stronger) it's time for KnC to keep quiet with their future intentions and stats that give an idea of their next move to competitors, quit talking, and time to simply walk the walk by demonstrating skill and capability...

is that what time it is???

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July 26, 2013, 07:33:11 AM
 #4360

Just read this: https://bitcointalk.org/index.php?topic=262052.0
Should we, who have KnC preorders, start panicking? Cheesy

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