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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3046303 times)
timmmers
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August 14, 2013, 04:54:13 AM
 #5821

Assuming that the first month to 6 weeks will return the best results whenever these rigs are delivered, an option might be to bang yours on Ebay after that period with a reasonable reserve and see if you can do better than it would mining? Maybe fund your gen2  machine a little while it's worth something. I've seen people pay stupid money for machines not half as good as these and not even in hand. You never know, and if no-one bites no harm done.

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August 14, 2013, 05:25:32 AM
Last edit: August 14, 2013, 05:55:33 AM by ajw
 #5822

Assuming that the first month to 6 weeks will return the best results whenever these rigs are delivered, an option might be to bang yours on Ebay after that period with a reasonable reserve and see if you can do better than it would mining? Maybe fund your gen2  machine a little while it's worth something. I've seen people pay stupid money for machines not half as good as these and not even in hand. You never know, and if no-one bites no harm done.

We could all look at it like that versus this right?  (its all still speculation)

USD 15040 total dollars returned from mining in October with Jupiter  = 7200 price and shipping for jupiter + it makes money until July 2014 which is roughly 7840 dollars of profit at that! therefore (http://mining.thegenesisblock.com/a/b4f90fa51a)

if you buy it for the sake of the argument at 100 dollars an throw in a fee we could say 71.92 BTC for that same $7200.  So 15040 USD/71.92 BTC that could have been held instead of mining..the bitcoin cost per USD only needs to be 209.12.  Lets say that you buy in right now instead around 111 USD each.   You only need the price to hit 231.88 to see the same profit you WOULD HAVE if you bought a KNC Jupiter - clearly if you plan to gamble some money...gambling says to ask if BTC price plans to be around 220 ish dollars between now and July of Next year.  If you think If will not...then you will gain more from buying Miners and mining BTC along with other alts as they have the chance to appreciate later in the future and less people are willing to invest time or fiat into it which would influence the cost.  If you think it could reach this price or higher before July of 2014 then I'd say to Buy the btc and sell it at or near that price after trading fees are calculated (both on the Buy and Sell side).  It would have the potential to either appreciate higher or you could sell it again then rebuy it.  I don't see BTC going into a super high demand over even fiat unless its accepted mainstream a LOT more - like earn btc and pay your cell phone bill, cable bill, car insurance bill DIRECT with btc, no exhange to fiat involved.


I'd feel like the sweetspot to sell should be week 3 in June 2014 if and only if there isnt a flooded 2ndary market already. (ebay amazon craigslist bitmit.net)

timmmers
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August 14, 2013, 06:36:30 AM
 #5823

Assuming that the first month to 6 weeks will return the best results whenever these rigs are delivered, an option might be to bang yours on Ebay after that period with a reasonable reserve and see if you can do better than it would mining? Maybe fund your gen2  machine a little while it's worth something. I've seen people pay stupid money for machines not half as good as these and not even in hand. You never know, and if no-one bites no harm done.

We could all look at it like that versus this right?  (its all still speculation)

USD 15040 total dollars returned from mining in October with Jupiter  = 7200 price and shipping for jupiter + it makes money until July 2014 which is roughly 7840 dollars of profit at that! therefore (http://mining.thegenesisblock.com/a/b4f90fa51a)

if you buy it for the sake of the argument at 100 dollars an throw in a fee we could say 71.92 BTC for that same $7200.  So 15040 USD/71.92 BTC that could have been held instead of mining..the bitcoin cost per USD only needs to be 209.12.  Lets say that you buy in right now instead around 111 USD each.   You only need the price to hit 231.88 to see the same profit you WOULD HAVE if you bought a KNC Jupiter - clearly if you plan to gamble some money...gambling says to ask if BTC price plans to be around 220 ish dollars between now and July of Next year.  If you think If will not...then you will gain more from buying Miners and mining BTC along with other alts as they have the chance to appreciate later in the future and less people are willing to invest time or fiat into it which would influence the cost.  If you think it could reach this price or higher before July of 2014 then I'd say to Buy the btc and sell it at or near that price after trading fees are calculated (both on the Buy and Sell side).  It would have the potential to either appreciate higher or you could sell it again then rebuy it.  I don't see BTC going into a super high demand over even fiat unless its accepted mainstream a LOT more - like earn btc and pay your cell phone bill, cable bill, car insurance bill DIRECT with btc, no exhange to fiat involved.


I'd feel like the sweetspot to sell should be week 3 in June 2014 if and only if there isnt a flooded 2ndary market already. (ebay amazon craigslist bitmit.net)


To complicate things, around March Gen2 is scheduled. Get the new stuff ASAP and get RID of the older stuff ASAP would likely be the more lucrative plan? Why have dollars tied up making almost nothing when the latest rigs can pump out BTC more economically and make you more?

I wonder if www.bitcoinminerpsychotherapist.com is taken?

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jmevz
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August 14, 2013, 07:09:24 AM
 #5824

Assuming that the first month to 6 weeks will return the best results whenever these rigs are delivered, an option might be to bang yours on Ebay after that period with a reasonable reserve and see if you can do better than it would mining? Maybe fund your gen2  machine a little while it's worth something. I've seen people pay stupid money for machines not half as good as these and not even in hand. You never know, and if no-one bites no harm done.

We could all look at it like that versus this right?  (its all still speculation)

USD 15040 total dollars returned from mining in October with Jupiter  = 7200 price and shipping for jupiter + it makes money until July 2014 which is roughly 7840 dollars of profit at that! therefore (http://mining.thegenesisblock.com/a/b4f90fa51a)

if you buy it for the sake of the argument at 100 dollars an throw in a fee we could say 71.92 BTC for that same $7200.  So 15040 USD/71.92 BTC that could have been held instead of mining..the bitcoin cost per USD only needs to be 209.12.  Lets say that you buy in right now instead around 111 USD each.   You only need the price to hit 231.88 to see the same profit you WOULD HAVE if you bought a KNC Jupiter - clearly if you plan to gamble some money...gambling says to ask if BTC price plans to be around 220 ish dollars between now and July of Next year.  If you think If will not...then you will gain more from buying Miners and mining BTC along with other alts as they have the chance to appreciate later in the future and less people are willing to invest time or fiat into it which would influence the cost.  If you think it could reach this price or higher before July of 2014 then I'd say to Buy the btc and sell it at or near that price after trading fees are calculated (both on the Buy and Sell side).  It would have the potential to either appreciate higher or you could sell it again then rebuy it.  I don't see BTC going into a super high demand over even fiat unless its accepted mainstream a LOT more - like earn btc and pay your cell phone bill, cable bill, car insurance bill DIRECT with btc, no exhange to fiat involved.


I'd feel like the sweetspot to sell should be week 3 in June 2014 if and only if there isnt a flooded 2ndary market already. (ebay amazon craigslist bitmit.net)


To complicate things, around March Gen2 is scheduled. Get the new stuff ASAP and get RID of the older stuff ASAP would likely be the more lucrative plan? Why have dollars tied up making almost nothing when the latest rigs can pump out BTC more economically and make you more?

I wonder if www.bitcoinminerpsychotherapist.com is taken?

If KNC delivery my Mercury on time and it's hashing nicely, I'm planning on purchasing Gen2 as soon as available. Depending on my judgement of the market at that time, and trends of course...

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August 14, 2013, 07:22:46 AM
 #5825

To complicate things, around March Gen2 is scheduled. Get the new stuff ASAP and get RID of the older stuff ASAP would likely be the more lucrative plan? Why have dollars tied up making almost nothing when the latest rigs can pump out BTC more economically and make you more?
I'm not sure there'll be a Gen-2 at this rate. When even Cointerra can barely make the numbers look attractive for November how will KNC make March'14 work?

What's it gonna be, 100 terahertz at 1 watt per terahash for $199? lol. You'd probably need something that extreme for it to make sense (I exaggerate of course). But at that point you'll be back to looking at an ROI in the years, not weeks, again. So, the rush will officially be over by the end of this year.

We'll be hitting up against hardware costs and bitcoin-mining profit will be just over electricity costs--as usual.

Until the next big BTC-price gain! Hopefully in 2017.

Democracy is the original 51% attack.
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August 14, 2013, 08:25:53 AM
 #5826

There will be no gen2 chip for a while. Bitcoin asic Chips will stay the same for another 2 years. 14nm will be live maybe late  next year for the big boys(intel , Samsung). So well just see these companies fight it out to sell the cheapest 28nm chips/miner.

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
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August 14, 2013, 08:49:27 AM
 #5827

FYI, I've emailed them asking to include the TripleMining.com pool in the list of the pre-configurable pools.
Just in case someone is wondering if someone already did it… Smiley

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LTC: LW9y3UiicfRPBZcniMrCrVhHnR2ygnWVe9
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August 14, 2013, 09:01:16 AM
 #5828

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« Sent to: jelin1984 on: August 13, 2013, 07:58:24 PM »
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Quote from: jelin1984 on August 13, 2013, 07:52:12 PM
Do you think that knc will production in time 28 nm chips?

We have no delays as of today and we are not expecting any at all. so yes we will deliever our boxes as promised in September.
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August 14, 2013, 09:25:01 AM
 #5829

Apologies is this have been covered - if so, I've missed it. Has anyone asked if the software will be capable of supporting a primary and secondary pool? This is fairly standard functionality in cgminer and other products, so I'd imagine so, but still wise to ask.

Per KNC:

"We are expecting to ship our devices with CGminer ready to use. So it will have the same configuration possiblilities."

This leads me to believe that the web interface (presuming they have one) will be for basic functionality while advanced functionality will be available through linux shell (SSH). Looking forward to seeing this when it's finished.

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August 14, 2013, 09:27:36 AM
 #5830

kncminer
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Re: (No subject)
« Sent to: jelin1984 on: August 13, 2013, 07:58:24 PM »
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Quote from: jelin1984 on August 13, 2013, 07:52:12 PM
Do you think that knc will production in time 28 nm chips?

We have no delays as of today and we are not expecting any at all. so yes we will deliever our boxes as promised in September.


Fingers crossed, hopefully they're on schedule enough to deliver later orders in September as well? Cheesy

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August 14, 2013, 10:13:00 AM
 #5831

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Re: (No subject)
« Sent to: jelin1984 on: August 13, 2013, 07:58:24 PM »
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Quote from: jelin1984 on August 13, 2013, 07:52:12 PM
Do you think that knc will production in time 28 nm chips?

We have no delays as of today and we are not expecting any at all. so yes we will deliever our boxes as promised in September.


Was thinking more of a demonstration or images instead of a BFL trademarked "we're almost done".
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August 14, 2013, 10:15:47 AM
 #5832

Fingers crossed, hopefully they're on schedule enough to deliver later orders in September as well? Cheesy
Margins on margins. Maybe they'll surprise us with a mid September ship date. It'd be an early Christmas, and a fresh drink of water in what's been a very stale ASIC market lately among certain unmentionable companies and names >_>

Democracy is the original 51% attack.
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August 14, 2013, 10:18:07 AM
 #5833

Was thinking more of a demonstration or images instead of a BFL trademarked "we're almost done".
If you'd read the thread you might know that they're not doing the work in-house themselves (thank god).

The chips are likely being shipped straight to the PCB installer and hardware case guys, who, perhaps, ships them to us or another company doing order fulfillment, dunno. Shortly after they're complete, KNC will get their first units for demo, testing, and send out to Kano and the like.

If you see pictures of a working KNC miner it likely means that shipment is either nigh or already happening.

Democracy is the original 51% attack.
augustocroppo
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August 14, 2013, 11:33:58 AM
 #5834

While the customers and people interested to obtain answers for valid inquires where discussing here, someone from KnCminer was busy using pre-order funds to advertise in this forum:

https://bitcointalk.org/index.php?topic=268684.msg2926870#msg2926870

Still, no responses for all valid question in this thread...

 Roll Eyes

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August 14, 2013, 11:53:42 AM
 #5835

While the customers and people interested to obtain answers for valid inquires where discussing here, someone from KnCminer was busy using pre-order funds to advertise in this forum:

https://bitcointalk.org/index.php?topic=268684.msg2926870#msg2926870

Still, no responses for all valid question in this thread...

 Roll Eyes



They beat Josh...raise a glass

~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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August 14, 2013, 12:21:03 PM
 #5836

This is the calculation:

Block Reward / (Difficulty*2^32) / (GH/1,000,000,000) * 60 Seconds = BTC Per Minute Per GH/s

25 / 218,228,744,511,017,000 / 0.000000001 * 60 = BTC Per Minute Per GH/s

So, at the current difficulty of 50,810,339 and a block reward of 25BTC you can expect to earn

~0.00000011455869416294 BTC per second per GH/s
~0.0000068735216497764 BTC per minute per GH/s
~0.000412411298986584 BTC per hour per GH/s
~0.00989787117567802 BTC per day per GH/s

not accounting for pool fees/pool luck/variance or other pool formulas.

Thanks for the details, appreciate it.
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August 14, 2013, 12:53:05 PM
 #5837

After much observation, it is very likely Bitcoinorama is a shill. He goes above and beyond to defend KNC and proclaim how great KNC is in every aspect, but is extremely critical of their competitors.

That is only my opinion though. I know he's going to reply to this stating otherwise, but whatever...

BTW: No, you do not have to be paid to be a shill. Merriam-Webster: to act as a spokesperson or promoter

A shill could also be related by blood or kinship. I don't agree with anything yet, just saying.
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August 14, 2013, 01:03:37 PM
 #5838

Still not heard back from KNC ... for 12 days now ...

Kano, I take it neither has CKOLIVAS?
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August 14, 2013, 01:36:24 PM
 #5839

Was thinking more of a demonstration or images instead of a BFL trademarked "we're almost done".
If you'd read the thread you might know that they're not doing the work in-house themselves (thank god).

The chips are likely being shipped straight to the PCB installer and hardware case guys, who, perhaps, ships them to us or another company doing order fulfillment, dunno. Shortly after they're complete, KNC will get their first units for demo, testing, and send out to Kano and the like.

If you see pictures of a working KNC miner it likely means that shipment is either nigh or already happening.

If you knew anything about hardware design or production, you'd know that chips, boards, or complete systems are typically furnished to the customer for acceptance testing.  Additionally, this occurs prior to kickoff of a production run.
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August 14, 2013, 01:40:34 PM
 #5840

Was thinking more of a demonstration or images instead of a BFL trademarked "we're almost done".
If you'd read the thread you might know that they're not doing the work in-house themselves (thank god).

The chips are likely being shipped straight to the PCB installer and hardware case guys, who, perhaps, ships them to us or another company doing order fulfillment, dunno. Shortly after they're complete, KNC will get their first units for demo, testing, and send out to Kano and the like.

If you see pictures of a working KNC miner it likely means that shipment is either nigh or already happening.

If you knew anything about hardware design or production, you'd know that chips, boards, or complete systems are typically furnished to the customer for acceptance testing.  Additionally, this occurs prior to kickoff of a production run. the product being sold.

FTFY
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