Swedish ASIC miner company kncminer.com

[klee]

Since when is 0.11BTC = $32?  I mean, if it was I'd certainly like to know

Oops.  It was late.  I misread 0.11 BTC per GH as 0.11 BTC per chip.  Still I don't see late 130nm as a viable option.  There is nothing wrong with 130nm in June 2013.  Look how quickly it allowed Avalon & ASICMiner to get "to market".  130nm in November?  I don't see it being attractive not when there is cheaper more efficient silicon.

250TH in September...

EDIT: For the network difficulty part, users will have them later for sure (2nd batch)

[1714209165]

1714209165

[1714209165]

1714209165

[jimmy3dita]

Only for your anxiety, I've updated my numbers a bit!

https://docs.google.com/spreadsheet/ccc?key=0AgSa2BKZz0WudHVlQVc0NmNVaXJEUHdLS090dWptSEE&usp=sharing

15th of October - at this increase rate - seems to be the "deadline".

Please explain this graph.  What does it mean?

The point is just that the longer that they take to ship, the longer for the ROI.  If it ships quick, ROI could be weeks or a month, if it ships just a month later, it could take 3-4 months for ROI, so a short delay equals an exponentially longer ROI, or negative ROI.

Okay, so "according to this doc" if you're not hashing by Oct. 15th, you're fucked.  And everyone should stop hashing around May '14.  Yeah, it's pretty dumb, I hope it's wrong.

Guys, I'm not pretending to post "The Truth". Feel free to ignore my document, even if it's based on the very same assumptions of The Genesis Block mining calculator

Of course we'll never see 40 PH/s of network strength in April, but my graph should address that:
- at 3,6 PH/s, or 500,000,000 of difficulty, 400GH/s will grant 0.4 Bitcoin per day
- at about 11PH/s the difficulty will be 1.5 billions, and our beloved Jupiter will grant "just" 0.13 Bitcoin per day

If you find it annoying, simply forget any part of the document that goes beyond 11PH/s , the difference on the final revenues will be neglectible.

[klee]

Only for your anxiety, I've updated my numbers a bit!

https://docs.google.com/spreadsheet/ccc?key=0AgSa2BKZz0WudHVlQVc0NmNVaXJEUHdLS090dWptSEE&usp=sharing

15th of October - at this increase rate - seems to be the "deadline".

Please explain this graph.  What does it mean?

The point is just that the longer that they take to ship, the longer for the ROI.  If it ships quick, ROI could be weeks or a month, if it ships just a month later, it could take 3-4 months for ROI, so a short delay equals an exponentially longer ROI, or negative ROI.

Okay, so "according to this doc" if you're not hashing by Oct. 15th, you're fucked.  And everyone should stop hashing around May '14.  Yeah, it's pretty dumb, I hope it's wrong.

I see this argument a lot.
And I have to ask: Is there a guarantee that the Bitcoin experiment will succeed?
Anyone signed a contract that btc price will always increment?

Why not?? Why not there is a chance that YES, no mining will be possible at some point until we reach a new equilibrium?

Are you one of those who can keep up mining whatever the circumstances?

[DeathAndTaxes]

Only for your anxiety, I've updated my numbers a bit!

https://docs.google.com/spreadsheet/ccc?key=0AgSa2BKZz0WudHVlQVc0NmNVaXJEUHdLS090dWptSEE&usp=sharing

15th of October - at this increase rate - seems to be the "deadline".

Please explain this graph.  What does it mean?

The point is just that the longer that they take to ship, the longer for the ROI.  If it ships quick, ROI could be weeks or a month, if it ships just a month later, it could take 3-4 months for ROI, so a short delay equals an exponentially longer ROI, or negative ROI.

Okay, so "according to this doc" if you're not hashing by Oct. 15th, you're fucked.  And everyone should stop hashing around May '14.  Yeah, it's pretty dumb, I hope it's wrong.

Guys, I'm not pretending to post "The Truth". Feel free to ignore my document, even if it's based on the very same assumptions of The Genesis Block mining calculator

Of course we'll never see 40 PH/s of network strength in April, but my graph should address that:
- at 3,6 PH/s, or 500,000,000 of difficulty, 400GH/s will grant 0.4 Bitcoin per day
- at about 11PH/s the difficulty will be 1.5 billions, and our beloved Jupiter will grant "just" 0.13 Bitcoin per day

If you find it annoying, simply forget any part of the document that goes beyond 11PH/s , the difference on the final revenues will be neglectible.

The short side of the curve looks probable.  In the pre-order guesstimate threads we are looking @ 6 PH/s of preorders by end of December and that is assuming KNC is only 0.5 PH/s.  KNC has been one of the ones which it is difficult to estimate in aggregate because there is no die information (to estimate wafer batch size), no pre-release on total amounts, etc. 

[600watt]

Only for your anxiety, I've updated my numbers a bit!

https://docs.google.com/spreadsheet/ccc?key=0AgSa2BKZz0WudHVlQVc0NmNVaXJEUHdLS090dWptSEE&usp=sharing

15th of October - at this increase rate - seems to be the "deadline".

Please explain this graph.  What does it mean?

The point is just that the longer that they take to ship, the longer for the ROI.  If it ships quick, ROI could be weeks or a month, if it ships just a month later, it could take 3-4 months for ROI, so a short delay equals an exponentially longer ROI, or negative ROI.

Okay, so "according to this doc" if you're not hashing by Oct. 15th, you're fucked.  And everyone should stop hashing around May '14.  Yeah, it's pretty dumb, I hope it's wrong.

Guys, I'm not pretending to post "The Truth". Feel free to ignore my document, even if it's based on the very same assumptions of The Genesis Block mining calculator

Of course we'll never see 40 PH/s of network strength in April, but my graph should address that:
- at 3,6 PH/s, or 500,000,000 of difficulty, 400GH/s will grant 0.4 Bitcoin per day
- at about 11PH/s the difficulty will be 1.5 billions, and our beloved Jupiter will grant "just" 0.13 Bitcoin per day

If you find it annoying, simply forget any part of the document that goes beyond 11PH/s , the difference on the final revenues will be neglectible.

impressing work. thank you.
do you suggest that 11ph/s will be some kind of upper limit?  = 3.9 btc per month for a jupiter. with current btc price this would need 14 months for break even (without energy cost). let´s hope the price will rise as well as recently towards.. 400..?   = only 4.5 months break even. at 11ph/s. everything mined before would be profit. 

[jimmy3dita]

Well, I can easily change the curve every time we see a difficulty increase.

I can also change the results using a bicubic regression, with better results on the long term.

I'd also keep in mind that before any KnC product there are tons of FPGAs and "first gen ASIC" boards that will be already unproductive and therefore switched off.

But yes, let's keep 11PH as the "ceiling" at the current Bitcoin price.

[demonmaestro]

Lets HOPE that knc delivers and will ship in October!

[qiuness]

you mean September, right?

[timmmers]

Probably means his purchase date said they'd ship in October.
I'm with you, Sept. would be nice for us all, means that they really are on schedule which is good for any order.

[megvon]

Probably means his purchase date said they'd ship in October.
I'm with you, Sept. would be nice for us all, means that they really are on schedule which is good for any order.

If they shipped in October you will have massive competition and difficulty. Hashfast promise on October 20th and theirs is only $14 per gh/s 28nm technology compares to $17.50 from KNC. Bitfury 56nm is guarantee also going to be out in October. That will be a great Oktoberfest.

Hashing power from HF is going to be enormous, with the purchase from their IPO plus the purchase from their customers.

So pray that Knc can deliver in Early September or we will all be fried and roasted. Better still hit your Refund and get it done with.

[NiteShdw]

For the power supplies, if I have a Jupiter and a Saturn, I could use a bigger power supply and run the extra PCI-E cords and power both devices with the same PSU, right?  That'd save a little bit of cash on the startup costs.

[AussieHash]

If they shipped in October you will have massive competition and difficulty. Hashfast promise on October 20th and theirs is only $14 per gh/s 28nm technology compares to $17.50 from KNC. Bitfury 56nm is guarantee also going to be out in October. That will be a great Oktoberfest.

Hashing power from HF is going to be enormous, with the purchase from their IPO plus the purchase from their customers.

So pray that Knc can deliver in Early September or we will all be fried and roasted. Better still hit your Refund and get it done with.

Hashfast never promised 20th October, they initially "expected" shipments to begin Oct 20-30th.  They then changed their wording after the fact to

Shipping
Shipments anticipated to begin: October 20-30, in order of purchase

Their internal timeline is to have chips in hand 64 days after tapeout, which corresponds to 31st October.  They then need to attach them to boards, assemble the rigs and ship them out.

Now whether chips in hand @ 28nm is possible 64 days after tape out is another question

With regards to ROI, well I am not refunding but here are today's charts
https://blockchain.info/charts/hash-rate
http://bitcoin.sipa.be/growth.png

[polrpaul]

I'm totally ROFL and LMAO at the same time. Promises.

[MrHempstock]

There's an old joke about NASA developing a pen that works in outer space, while the crude, clueless Russians used pencils.

I've been rocking the Fisher Space Pen™ since 5th grade!

If they shipped in October you will have massive competition and difficulty. Hashfast promise on October 20th and theirs is only $14 per gh/s 28nm technology compares to $17.50 from KNC. Bitfury 56nm is guarantee also going to be out in October. That will be a great Oktoberfest.

Hashing power from HF is going to be enormous, with the purchase from their IPO plus the purchase from their customers.

So pray that Knc can deliver in Early September or we will all be fried and roasted. Better still hit your Refund and get it done with.

Thank you for making that ignore click a much simpler choice and feel free to continue lowering the Gross Domestic IQ.

[Beta-coiner1]

With Hashfast indiciating they 'taped' out it makes me wonder when the ASICs for KNC will finally arrive to get this whole thing finally rolling on their end.I think this is actually healthy competition between the two companies.

[eve]

With Hashfast indiciating they 'taped' out it makes me wonder when the ASICs for KNC will finally arrive to get this whole thing finally rolling on their end.I think this is actually healthy competition between the two companies.

We wonder when? Bitfury has shipped out their 400Gh/s Miner the last week, when is KnC Miner turn? We All Wonder When? When? Are we going to get a Full Load of excuses from KnC, blame it on the Fab, the delivery, the yield, parts, the suppliers, blame everyone Except themselves.

[Phoenix1969]

With Hashfast indiciating they 'taped' out it makes me wonder when the ASICs for KNC will finally arrive to get this whole thing finally rolling on their end.I think this is actually healthy competition between the two companies.

We wonder when? Bitfury has shipped out their 400Gh/s Miner the last week, when is KnC Miner turn? We All Wonder When? When? Are we going to get a Full Load of excuses from KnC, blame it on the Fab, the delivery, the yield, parts, the suppliers, blame everyone Except themselves.

Keep wondering, and not reading, we love that.

[demonmaestro]

well lets just say this we got roughly 32 days to tell. LETS hope they are good on there word.

[plasmoske]

All this talk about Hashfast delivering in October. lol Hashfast ain't releasing anything in October.

http://www.forexminute.com/bitcoin/now-get-the-new-bitcoin-mining-chip-from-hashfast-technologies-llc-12140

However, he admitted that fabrication will take a little bit over two months and due to that reason the chips cannot be shipped anytime before October to customers.

They'll be lucky to ship anything out before mid November. Best case scenario for them.

Worse case scenario. The chips take a bit longer to produce so it comes a tad late. Then they're probably looking at early December-ish.

[Paladin69]

I'm totally ROFL and LMAO at the same time. Promises.

I don't think Cointerra is raising the funds they need to launch in December either.  They seem to need non-recourse pre-order payments.