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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011557 times)
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August 31, 2013, 11:13:48 PM
 #8001

...
At $0.10 per Kwh that would mean it would require $3,340.50 in electricity to produce 1 BTC.  Do you think that is likely?
...

Sure -- they will be guided not by greed, but by enlightened need to secure the network Wink
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"Apparently, so I am told, there exist "people" who prefer to wipe sitting down. From the front. Initial research indicates it could be up to half the population." -- benjamindees
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August 31, 2013, 11:16:53 PM
 #8002

Anyone knows if the following will be the system-board of the KNCminer devices?

System-on-Module: ARM-SoC FPGA SO-DIMM   http://www.orsoc.se/?page_id=484
+
OpenRISC support in latest Linux 3.1 release  http://www.orsoc.se/?p=435


Edit:  "OpenRISC support in latest Linux 3.1 release"  is unrelated to the system-on-module (i think)

Looks similar, check one of the two videos I posted from the open day, not the one with the Mars miner, but the one with the die size explanation. Same shape for sure...

Thanx 4 the tip! It does look identical indeed: http://www.youtube.com/watch?v=by-je8XRCdY

Edit: to be exact: the board from your video has 1 more chip than the one from orsoc's link.

I just realised the coolers (Arctic A30) were already considered or chosen back in June:


If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
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August 31, 2013, 11:36:10 PM
 #8003

Anyone knows if the following will be the system-board of the KNCminer devices?

System-on-Module: ARM-SoC FPGA SO-DIMM   http://www.orsoc.se/?page_id=484
+
OpenRISC support in latest Linux 3.1 release  http://www.orsoc.se/?p=435


Edit:  "OpenRISC support in latest Linux 3.1 release"  is unrelated to the system-on-module (i think)

Looks similar, check one of the two videos I posted from the open day, not the one with the Mars miner, but the one with the die size explanation. Same shape for sure...

Thanx 4 the tip! It does look identical indeed: http://www.youtube.com/watch?v=by-je8XRCdY

Edit: to be exact: the board from your video has 1 more chip than the one from orsoc's link.

I just realised the coolers (Arctic A30) were already considered or chosen back in June:

[IMG]

Of course they were, this had been planned sometime back. They actually showed the heatsinks at the openday, and stated, "These are the heatsinks we will use, they are totally over specification for what is required".

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
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August 31, 2013, 11:37:39 PM
 #8004

...
At $0.10 per Kwh that would mean it would require $3,340.50 in electricity to produce 1 BTC.  Do you think that is likely?
...

Sure -- they will be guided not by greed, but by enlightened need to secure the network Wink
"SHA256: Friendship Is MagicTM"




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August 31, 2013, 11:48:10 PM
 #8005


Cant wait for the idiots to get their devices October 28 and other people November 1st for $3, 000 less, I'm sure they will come up with some brilliant math about how losing money is profitable if xyz the earth tilts its axis happen. Or I profited $400 now I just need Bitcoin to go to $10, 000.

wah wah..  I guess you aren't a day 1'er..   cry cry loser

~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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August 31, 2013, 11:50:51 PM
 #8006


Cant wait for the idiots to get their devices October 28 and other people November 1st for $3, 000 less, I'm sure they will come up with some brilliant math about how losing money is profitable if xyz the earth tilts its axis happen. Or I profited $400 now I just need Bitcoin to go to $10, 000.

wah wah..  I guess you aren't a day 1'er..   cry cry loser

Do you want to know the funny thing, JohnyBigs rates Xcrowd as legit.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
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August 31, 2013, 11:51:08 PM
 #8007


Cant wait for the idiots to get their devices October 28 and other people November 1st for $3, 000 less, I'm sure they will come up with some brilliant math about how losing money is profitable if xyz the earth tilts its axis happen. Or I profited $400 now I just need Bitcoin to go to $10, 000.

wah wah..  I guess you aren't a day 1'er..   cry cry loser

Do you want to know the funny thing, JohnyBigs rates Xcrowd as legit.
Cheesy
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August 31, 2013, 11:53:30 PM
 #8008

Summer just ended here in Aus ... Smiley

Not to sound pedantic. But to be exact the summer ends on 21th September  +-12hrs in the northern hemisphere

https://bitcointalk.org/index.php?topic=170332.msg3043021#msg3043021


That's not pedantic,  it's not the 21th, it's the 21st ...that's pedantic  Cheesy
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September 01, 2013, 12:02:08 AM
 #8009

So. If I buy a Jupiter now and mine just ONE BTC with it and BTC rises to 10k I won't be in profit?

Not if you paid with 70 bitcoins.  It would mean you lost $690,000

If I bought a jupiter NOW (which is a fucking long way from 700k because NOW BTC are more like 140 dollars NOW), then they RISE to 10k dollars each (which a shitload higher than their 140 dollar current value) and I managed to mine just one BTC when I got the fucker..assuming I didn't leave it sitting in it's box for years ...I'd be not only in profit but better at maths and comprehending english than some people here.

I made the numbers extreme and round to illustrate a point so it was easy to understand. Waste of time.
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September 01, 2013, 12:12:14 AM
 #8010

Not sure if the trolls fed on this nugget yet: (from their update FAQ)



Why are you selling the Miners and don’t mine yourself (will you use the miners for mining yourself)?

    We are mining ourselves, but we believe in the bitcoin project and a diversified market is the best for all parties. We will continue to mine but we do not believe in a monopoly of miners. We will not mine with more than 5% of the hash rate we sell, and we will never mine with customer hardware.

~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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September 01, 2013, 12:12:32 AM
 #8011

SEPTEMBER.)

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September 01, 2013, 12:16:42 AM
 #8012

Check out how many coiledcoins and geistgeld a Jupiter would merged-mine per day.

Where you going to buy that many to hold instead of mining them?

You already missed out on merged mining lots of i0coin and groupcoin per day at low difficulty, where did you buy those instead of mining them?

-MarkM-

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September 01, 2013, 12:22:13 AM
 #8013

So. If I buy a Jupiter now and mine just ONE BTC with it and BTC rises to 10k I won't be in profit?

Not if you paid with 70 bitcoins.  It would mean you lost $690,000

If I bought a jupiter NOW (which is a fucking long way from 700k because NOW BTC are more like 140 dollars NOW), then they RISE to 10k dollars each (which a shitload higher than their 140 dollar current value) and I managed to mine just one BTC when I got the fucker..assuming I didn't leave it sitting in it's box for years ...I'd be not only in profit but better at maths and comprehending english than some people here.

I made the numbers extreme and round to illustrate a point so it was easy to understand. Waste of time.



I think hes saying that if you kept the 70 bitcoins, and never bought a jupiter, then youd have 700000 $ once the bitcoin hits 10k$. If however you manage to mine more bitcoins than you paid for it in btc. Then buying the miner would have been the better desicion, rather than just holding on to the bitcoins.
Say you manage to mine 100 btc, Thats 1000000 $. Anything under 70 btc, and youd have been better of keeping the coin instead of buying the miner.
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September 01, 2013, 12:28:29 AM
 #8014

So. If I buy a Jupiter now and mine just ONE BTC with it and BTC rises to 10k I won't be in profit?

Not if you paid with 70 bitcoins.  It would mean you lost $690,000

If I bought a jupiter NOW (which is a fucking long way from 700k because NOW BTC are more like 140 dollars NOW), then they RISE to 10k dollars each (which a shitload higher than their 140 dollar current value) and I managed to mine just one BTC when I got the fucker..assuming I didn't leave it sitting in it's box for years ...I'd be not only in profit but better at maths and comprehending english than some people here.

I made the numbers extreme and round to illustrate a point so it was easy to understand. Waste of time.

You dont see the point. Why to mine one btc with 8000$ hardware when using the same logic you can buy btc at140? There is a diference what we try to explain.
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September 01, 2013, 12:35:19 AM
 #8015

With the way the difficulty is raising, Im kind of getting a bit flaky on my Mercury preorder. I finally got my god damn BFL Single and Im not feeling it. Maybe I'll sell the Single and just wait for the Mercury....

I'm not one for donations but if you must go ahead and I will keep you in mind. =)
http://payb.tc/omeganemesis28
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September 01, 2013, 12:37:56 AM
 #8016

So. If I buy a Jupiter now and mine just ONE BTC with it and BTC rises to 10k I won't be in profit?

Not if you paid with 70 bitcoins.  It would mean you lost $690,000

If I bought a jupiter NOW (which is a fucking long way from 700k because NOW BTC are more like 140 dollars NOW), then they RISE to 10k dollars each (which a shitload higher than their 140 dollar current value) and I managed to mine just one BTC when I got the fucker..assuming I didn't leave it sitting in it's box for years ...I'd be not only in profit but better at maths and comprehending english than some people here.

I made the numbers extreme and round to illustrate a point so it was easy to understand. Waste of time.



I think hes saying that if you kept the 70 bitcoins, and never bought a jupiter, then youd have 700000 $ once the bitcoin hits 10k$. If however you manage to mine more bitcoins than you paid for it in btc. Then buing the miner would have been the better desicion, rather than just holding on to the bitcoins.

I don't buy miners in BTC, I buy them in USD. If I make more USD than I paid I have a positive return.

For a person interested in mining as a hobby, and a chance of being apart of this great experiment we call bitcoin, thats all the logic you need. But for someone whos looking att the bottom line and maximizing his profits.... not so much im afraid.
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September 01, 2013, 12:38:04 AM
 #8017

I don't buy miners in BTC, I buy them in USD. If I make more USD than I paid I have a positive return.

..when KNC holds you funds because of preorder (free loan), rate was about 70$/BTC. btw if you want to count break-even, you must exchange price of miners to BTC and then wait, if you will mine at least same amount.

you can't mix apples and oranges, because miner is producing bitcoins, not dollars..
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September 01, 2013, 12:49:30 AM
 #8018

I don't buy miners in BTC, I buy them in USD. If I make more USD than I paid I have a positive return.

But you'll have more USD if you just buy the BTC and hold them. Why do you want less USD?

Buy & Hold
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September 01, 2013, 02:03:35 AM
 #8019

So. If I buy a Jupiter now and mine just ONE BTC with it and BTC rises to 10k I won't be in profit?

Not if you paid with 70 bitcoins.  It would mean you lost $690,000

If I bought a jupiter NOW (which is a fucking long way from 700k because NOW BTC are more like 140 dollars NOW), then they RISE to 10k dollars each (which a shitload higher than their 140 dollar current value) and I managed to mine just one BTC when I got the fucker..assuming I didn't leave it sitting in it's box for years ...I'd be not only in profit but better at maths and comprehending english than some people here.

I made the numbers extreme and round to illustrate a point so it was easy to understand. Waste of time.



I think hes saying that if you kept the 70 bitcoins, and never bought a jupiter, then youd have 700000 $ once the bitcoin hits 10k$. If however you manage to mine more bitcoins than you paid for it in btc. Then buing the miner would have been the better desicion, rather than just holding on to the bitcoins.

I don't buy miners in BTC, I buy them in USD. If I make more USD than I paid I have a positive return.
You can also look at it as you bought the BTC that comes out of a miner with USD, and in the above example you'd have done better to buy the BTC directly with that same USD.  The method you've chosen to invest in BTC would still be a bad one even though your decision to invest in BTC (speculative currency investment decision separate to the decision of how best to obtain said BTC) would have been a good one.

I like the network to be secure so if any missing BTC from miner purchase you make vs buying the BTC outright is an acceptable cost for adding to the global hashrate then I commend you for your monetary sacrifice for the greater good.
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September 01, 2013, 02:06:00 AM
 #8020

I don't buy miners in BTC, I buy them in USD. If I make more USD than I paid I have a positive return.

But you'll have more USD if you just buy the BTC and hold them. Why do you want less USD?

Don't waste your time Syke.  He is locked into a fiat mind-set, and doesn't understand that a miner's purpose is to generate more BTC than it cost in BTC... otherwise, just buy the BTC directly and come out way ahead.

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