Bitcoin Forum
November 24, 2017, 05:37:21 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 [422] 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 ... 2138 »
  Print  
Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012999 times)
klee
Legendary
*
Offline Offline

Activity: 1484



View Profile
September 04, 2013, 06:45:35 PM
 #8421

Meanwhile:
https://bitcointalk.org/index.php?topic=263445.msg3082030#msg3082030
1511545041
Hero Member
*
Offline Offline

Posts: 1511545041

View Profile Personal Message (Offline)

Ignore
1511545041
Reply with quote  #2

1511545041
Report to moderator
1511545041
Hero Member
*
Offline Offline

Posts: 1511545041

View Profile Personal Message (Offline)

Ignore
1511545041
Reply with quote  #2

1511545041
Report to moderator
1511545041
Hero Member
*
Offline Offline

Posts: 1511545041

View Profile Personal Message (Offline)

Ignore
1511545041
Reply with quote  #2

1511545041
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Phoenix1969
Legendary
*
Offline Offline

Activity: 938


LIR DEV


View Profile
September 04, 2013, 06:55:48 PM
 #8422

We'll all be sending our miners to data centres in Russia at this rate - Russia 2.4 to 9.58 c/kw according to Wikipedia

I was able to find space mainland USA with 2c offpeak & 3.5 cent peak rates, which is where the miners are going...
Yes, it means I have to fly there initially.

Where were you able to find it so low? Please tell... Been looking myself and the lowest i've found is @ .08/kwh..
I could tell you, but then I'd have to kill you. Keep looking, you should be able to find it.
I thought I was smart finding it, only to find other miners already there. That's the best I can do for now under NDA.


                     ▀▀█████████▀████████████████▄
                        ████▄      ▄████████████████
                     ▄██████▀  ▄  ███████████████████
                  ▄█████████▄████▄███████████████████
                ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀████████
                                               ▀▀███▀
    ▄█▀█       ▄▀  ▄▀▀█  ▄▀   █████████████████▄ ██▀         ▄▀█
   ▄█ ▄▀      ▀█▀ █▀ █▀ ▀█▀  ███████████████████ █▀ ▀▀      ▄▀▄▀
  ▄█    ▄███  █     █   █   ████████████████████  ▄█     ▄▀▀██▀ ▄███
███▄▄▄  █▄▄▄ █▄▄ ▄▄▀   █▄▄ ██████████████████▀▀   █▄▄ ▄▄ █▄▄█▄▄▄█▄▄▄
                           ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
                            ▀▀█████████████▄
                                █████████████▄
                                  █████████████▄
                                    ▀███████▀▀▀▀▀
                                      ▀████▀
                                        ▀█▀
LetItRide
                        ▄███████████▄
                       ██  ██████████▄
                     ▄█████████████  ██▄
            ▄▄▀█▄▄▄▄▄████████████████████▄
        ▄▄█▀   ███████████  █████  ████  █
    ▄██████ ▄▄███████████████████████████▀
 ▄▀▀ ██████████████████████████  ████  █
█  ▄███████████▀▀▀█████████████████████
██████████████    ████████▀▀██████  █▀
██████████████▄▄▄██████████   ▀▀▀▀▀▀▀
███▀ ▀██████████████████████
██    ███████████████████████
██▄▄██████████████████████████
██████████████▀   ██████████
  █████████████   ▄██████▀▀
     ▀▀██████████████▀▀
         ▀▀██████▀▀
[BTC]▄█████████████▀ ▄█
██            ▄█▀
██          ▄██ ▄█
██ ▄█▄    ▄███  ██
██ ▀███▄ ▄███   ██
██  ▀███████    ██
██    █████     ██
██     ███      ██
██      ▀       ██
██              ██
▀████████████████▀
Ytterbium
Full Member
***
Offline Offline

Activity: 238



View Profile WWW
September 04, 2013, 07:02:12 PM
 #8423


Yeah.  Bitfury is hashing like crazy. And KnC will soon be as well. This shouldn't be a surprise to anyone.

Bitfury actually added a support ticket to have blockchain.info add them to their chart but they haven't done it yet.

Mota
Legendary
*
Offline Offline

Activity: 800


View Profile
September 04, 2013, 07:07:48 PM
 #8424

We'll all be sending our miners to data centres in Russia at this rate - Russia 2.4 to 9.58 c/kw according to Wikipedia

I was able to find space mainland USA with 2c offpeak & 3.5 cent peak rates, which is where the miners are going...
Yes, it means I have to fly there initially.

Where were you able to find it so low? Please tell... Been looking myself and the lowest i've found is @ .08/kwh..
I could tell you, but then I'd have to kill you. Keep looking, you should be able to find it.
I thought I was smart finding it, only to find other miners already there. That's the best I can do for now under NDA.
damn you! now I have to search the internet for hours before pm'ing you with the question with whom you have the nda!

Who wants to be a billionaire? Me!
You could help Wink 1Dvja1RFCqxdnYRgjTntwGvdCeUisU4xp
Nemo1024
Legendary
*
Offline Offline

Activity: 1554



View Profile WWW
September 04, 2013, 07:09:36 PM
 #8425

actually O'rama, we (Americans) have both 110 & 220 installed in most households. Just the 220 is usually used for large appliances, like ovens & driers, also come with a plug end(pigtail) the size of a small fist....lol (But it's also @ 60 hz, instead of 50)

So, it's like Northern European houses, where you have 230v 2-phase for everything and 380V 25A 3-phase for kitchen ovens:


#101Life
Save Donbass

“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
jlsminingcorp
Hero Member
*****
Offline Offline

Activity: 495


Hooray for non-equilibrium thermodynamics!


View Profile
September 04, 2013, 07:30:35 PM
 #8426

You pay VAT on things you PURCHASE, not on things you create. Not all things you purchase attract VAT either, gold and currency for example don't among many other items.
VAT is a way for government to collect tax from the consumer by using businesses to do this. VAT is also 20% not 23% here. If you can claim the VAT back, you can more than likely claim the computer equipment as a capital business expense and get some of the cost back from the tax man too.

Hi Timmers, sounds like you might be in the UK (sorry if I've made a gross assumption here). I've been wondering this for a while and you (or others) may have an accountancy background and may be able to advise. My understanding is that if you're a VAT registered business in the UK then you can buy items for the business without VAT (or claim it back in your quarterly VAT return), but you are then obliged to collect VAT at 20% for any goods or services that you provide to your customers (unless they are also a VAT registered businesses) and fill in a quarterly VAT return for HMRC where all of this is calculated.

I presume that if you are buying mining hardware for your business and your business does not use this to provide a VATable service to a customer then you presumably don't need to pay any VAT (which I think is what you're saying above). You would just need to pay tax on the income that the miner generates for the business. The only danger with this setup might be that if the business is not charging anybody VAT (so not providing any other goods or services) then HMRC might revoke the business' VAT-registered status. If you were to buy a miner without VAT and then sell it to a customer then it's clear that you would need to charge the customer VAT on the price of the miner. Here's the difficult one - if your business buys a miner and then sells shares in that miner (or shares in what it produces depending on your outlook) to customers then do you need to collect VAT on top of the price of the shares that you sell? If the miner technically remains the property of the business, but shares are sold that return a proportion of the miner's output (perhaps with some hosting fee applied by the business) then what part of that transaction is VAT applicable to (is the hosting fee the service)? Any thoughts anybody?

(By the way, when I say "you" above I'm talking about a hypothetical business by the way, not you or anybody else personally)

VAT is a minefield, that's why many businesses in the UK stay under the threshold to avoid the hassle. I think the mining business could be one where it is simple enough and beneficial to be registered though.

My mate is a freelance programmer, he is also his own limited company. He is VAT registered as his turnover is above the threshold.
This makes him more expensive to pay by 20% but as he works for large companies they claim that back...this is what is a the pest, the paperwork for nothing. What is cool though is that all his equipment and allowable expenses are fed to the tax man, and any VAT he pays he can recover. He is a small business and pays an accountant but doesn't need to really.
I asked him about this and was thinking of getting him to pay for my rig, then he could claim back that VAT and some tax relief too. His accountant said no problem. Even with the purpose of this bit of computer equipment being to mine coins..he said the same thing I thought...how would anyone know that? It's office equipment to them and they won't have a scooby doo what a bitcoin is, and even if they did...what amount would they tax you on? He said that the tax man would probably come into it when you made a capital gain selling BTC. Either way they can't check what you have. lol

AFAIK there's no VAT on shares in a company..I've never paid any. If the business was well set up I'd bet that only services provided to customers would attract VAT. I'd definitely consult a decent VAT accountant though. One thing about the VAT man, he's got some really kickass powers and can make a mess of you if you get it wrong.

You can also mitigate that power cost if you're a company. I think a lot of people with big mining setups could do well registering a company for less than 100 quid and registering for VAT and just making a loss ...getting all the perks on what they buy and what power is used. I used to claim 1/4 of my home lecky bill when I was working from there, that's very normal. Wink


Thanks timmers and bitcoinorama, that's useful. So it seems that HMRC do have a view on BTC apparently (http://www.coindesk.com/hmrc-uk-bitcoin-exchanges-dont-have-to-register-under-money-laundering-regulations/), who'd have thought it - very progressive Wink. No word on VAT, but sounds like you're quite right with the cap. gains, which is what I would have expected too.

Bitcoin can only be understood backwards, but it must be lived forwards.
BitFury ASIC miner hosted group buy [DONE MINING]
klee
Legendary
*
Offline Offline

Activity: 1484



View Profile
September 04, 2013, 07:33:31 PM
 #8427

Double digits?
demonmaestro
Hero Member
*****
Offline Offline

Activity: 560


Mining for the hell of it.


View Profile
September 04, 2013, 07:34:22 PM
 #8428

110 plug


220 plug


There is a couple different plugs for 220v usually its 3 or 4 prong plugs

This for for

A fun ShoutBox. http://shoutscloud.com | Feel Like Donating? 1E1tJhAHVLCyw58pN7jXSFMLMrK6cDhw8v
Buy/Sell BitCoin & LiteCoin  Click here! | Looking for a great exchange? CoinBase Has you covered.
klee
Legendary
*
Offline Offline

Activity: 1484



View Profile
September 04, 2013, 07:56:10 PM
 #8429

Rule No1 - You don't plan in Bitcoinland without taking in account the psychofat boy Karpeles!
He used the same trick twice - some idiots never learn their lesson.

He pumps LTC with a stupid tweet, he cashes out for USD while BTC crashes at his site and he saves his bitcoin reserves who probably went dangerously low from his withdrawal issue...

That's why I will never plan again long term with Bitcoin - ROI and bullshit, he f@cked as so many times!
Terrahash was a black hole - I hope the dump will end for people here so you will not get burned too, I seriously mean it guys...
Biomech
Legendary
*
Offline Offline

Activity: 1176


Anarchy is not chaos.


View Profile
September 04, 2013, 08:32:52 PM
 #8430

actually O'rama, we (Americans) have both 110 & 220 installed in most households. Just the 220 is usually used for large appliances, like ovens & driers, also come with a plug end(pigtail) the size of a small fist....lol

I never knew. That said though our (EU) voltage (especially Germany) is a lot more flexible, you can step a lot higher, but I doubt people will want to turn their houses into datacentres in the long run. If you do you could prob host other peoples kit, which would be a business in itself...
I could be mistaken, but I'm thinking 60hz could step higher than 50?
But of course we have 3 phase vs. ?  Not that this matters any....

My dad is an electrician, so I grew up around this stuff. 50 Hz doesn't make a lot of difference as far as stepping up or down, but it is safer to handle , as your heart also runs at about 60Hz. Still  a bad idea to make yourself part of the circuit Tongue

At any rate, there is just as much flexibility in the USA as in EU, just depends on how you want to install it. In a house or shop that you own, you can get pretty much any power configuration you desire if you have the resources to have it properly installed. In a rental you're pretty well stuck with 220/110. And, unfortunately, most residences have a 200 amp service, so you can't expand a hell of a lot without getting your panel and meter replaced (or a second setup installed).

What I"ve seen being a bigger issue is the incredible variance in generated power in the US. In most of the western states it's pretty clean, and tends to run 3-5 volts RMS above rated. In some of the midwest and the eastern states, I have put a meter on the wall and over a period of an hour seen a +/- variance of up to 30 percent. That will let the smoke out of your electronics. It is well worth the money to get a UPS and very good line spike protection when dealing with potentially sensitive electronics. Line power hasn't gotten any better, but electronics have gotten tougher over the last decade. ASIC mining manchines are likely NOT up to consumer grade standards. Don't let a utility company kill your investment.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
kingcoin
Sr. Member
****
Offline Offline

Activity: 262


View Profile
September 04, 2013, 08:41:25 PM
 #8431

Hopefully OrSoC have all their DRAM in stock for their SO-DIMM embedded Linux systems:

Quote
The Korean press reports that a huge explosion and fire in Hynix's fabrication plants 1 and 2 in China may put DRAM shipments on hold for the foreseeable future. Hynix is responsible for about 30% of the world's DRAM production.

More on: http://news.idg.no/cw/art.cfm?id=1F7BAFAD-A8EA-72BF-E41ABEB0A9EB98B9
Phoenix1969
Legendary
*
Offline Offline

Activity: 938


LIR DEV


View Profile
September 04, 2013, 08:42:02 PM
 #8432

Power factor correction caps are a really good idea to smooth things out, and save up to 25% on your electric bill.. Smiley
http://es.eaton.com/PowerFactorROI/index.html


                     ▀▀█████████▀████████████████▄
                        ████▄      ▄████████████████
                     ▄██████▀  ▄  ███████████████████
                  ▄█████████▄████▄███████████████████
                ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀████████
                                               ▀▀███▀
    ▄█▀█       ▄▀  ▄▀▀█  ▄▀   █████████████████▄ ██▀         ▄▀█
   ▄█ ▄▀      ▀█▀ █▀ █▀ ▀█▀  ███████████████████ █▀ ▀▀      ▄▀▄▀
  ▄█    ▄███  █     █   █   ████████████████████  ▄█     ▄▀▀██▀ ▄███
███▄▄▄  █▄▄▄ █▄▄ ▄▄▀   █▄▄ ██████████████████▀▀   █▄▄ ▄▄ █▄▄█▄▄▄█▄▄▄
                           ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
                            ▀▀█████████████▄
                                █████████████▄
                                  █████████████▄
                                    ▀███████▀▀▀▀▀
                                      ▀████▀
                                        ▀█▀
LetItRide
                        ▄███████████▄
                       ██  ██████████▄
                     ▄█████████████  ██▄
            ▄▄▀█▄▄▄▄▄████████████████████▄
        ▄▄█▀   ███████████  █████  ████  █
    ▄██████ ▄▄███████████████████████████▀
 ▄▀▀ ██████████████████████████  ████  █
█  ▄███████████▀▀▀█████████████████████
██████████████    ████████▀▀██████  █▀
██████████████▄▄▄██████████   ▀▀▀▀▀▀▀
███▀ ▀██████████████████████
██    ███████████████████████
██▄▄██████████████████████████
██████████████▀   ██████████
  █████████████   ▄██████▀▀
     ▀▀██████████████▀▀
         ▀▀██████▀▀
[BTC]▄█████████████▀ ▄█
██            ▄█▀
██          ▄██ ▄█
██ ▄█▄    ▄███  ██
██ ▀███▄ ▄███   ██
██  ▀███████    ██
██    █████     ██
██     ███      ██
██      ▀       ██
██              ██
▀████████████████▀
MrHempstock
Full Member
***
Offline Offline

Activity: 140


"Don't worry. My career died after Batman, too."


View Profile
September 04, 2013, 08:45:34 PM
 #8433

actually O'rama, we (Americans) have both 110 & 220 installed in most households. Just the 220 is usually used for large appliances, like ovens & driers, also come with a plug end(pigtail) the size of a small fist....lol

I never knew. That said though our (EU) voltage (especially Germany) is a lot more flexible, you can step a lot higher, but I doubt people will want to turn their houses into datacentres in the long run. If you do you could prob host other peoples kit, which would be a business in itself...
I could be mistaken, but I'm thinking 60hz could step higher than 50?
But of course we have 3 phase vs. ?  Not that this matters any....

My dad is an electrician, so I grew up around this stuff. 50 Hz doesn't make a lot of difference as far as stepping up or down, but it is safer to handle , as your heart also runs at about 60Hz. Still  a bad idea to make yourself part of the circuit Tongue

At any rate, there is just as much flexibility in the USA as in EU, just depends on how you want to install it. In a house or shop that you own, you can get pretty much any power configuration you desire if you have the resources to have it properly installed. In a rental you're pretty well stuck with 220/110. And, unfortunately, most residences have a 200 amp service, so you can't expand a hell of a lot without getting your panel and meter replaced (or a second setup installed).

What I"ve seen being a bigger issue is the incredible variance in generated power in the US. In most of the western states it's pretty clean, and tends to run 3-5 volts RMS above rated. In some of the midwest and the eastern states, I have put a meter on the wall and over a period of an hour seen a +/- variance of up to 30 percent. That will let the smoke out of your electronics. It is well worth the money to get a UPS and very good line spike protection when dealing with potentially sensitive electronics. Line power hasn't gotten any better, but electronics have gotten tougher over the last decade. ASIC mining manchines are likely NOT up to consumer grade standards. Don't let a utility company kill your investment.

This is along the lines of what I said awhile back - surge suppression and line filtration will be magnanimously better than insurance alone. But very well put!

BTCitcointalk 1%ers manipulate the currency and deceive its user community.
astutiumRob
Full Member
***
Offline Offline

Activity: 197



View Profile WWW
September 04, 2013, 08:48:20 PM
 #8434

So it seems that HMRC do have a view on BTC apparently (http://www.coindesk.com/hmrc-uk-bitcoin-exchanges-dont-have-to-register-under-money-laundering-regulations/), who'd have thought it - very progressive Wink. No word on VAT
The VAT situation is incredibly simple for good/services sold in BTC, it's just any other non-local currency.

www.astutium.com - domains | hosting | vps | servers | cloud - proud to accept bitcoins. UK colocation for BFL and KNC ASICs in Tier3+ DC
Register Domains with BTC
Want to make some bitcoins ? Miner on ebay | Buy GH/s
kingcoin
Sr. Member
****
Offline Offline

Activity: 262


View Profile
September 04, 2013, 08:48:43 PM
 #8435

Hopefully OrSoC have all their DRAM in stock for their SO-DIMM embedded Linux systems:

Quote
The Korean press reports that a huge explosion and fire in Hynix's fabrication plants 1 and 2 in China may put DRAM shipments on hold for the foreseeable future. Hynix is responsible for about 30% of the world's DRAM production.

More on: http://news.idg.no/cw/art.cfm?id=1F7BAFAD-A8EA-72BF-E41ABEB0A9EB98B9



Nothing to worry about says Hynix: http://www.theregister.co.uk/2013/09/04/dont_panic_says_hynix_china_fab_explosion_is_no_big_deal/
bobsag3
Hero Member
*****
Offline Offline

Activity: 546

Owner, Minersource.net


View Profile
September 04, 2013, 09:02:52 PM
 #8436

We'll all be sending our miners to data centres in Russia at this rate - Russia 2.4 to 9.58 c/kw according to Wikipedia

I was able to find space mainland USA with 2c offpeak & 3.5 cent peak rates, which is where the miners are going...
Yes, it means I have to fly there initially.

Where were you able to find it so low? Please tell... Been looking myself and the lowest i've found is @ .08/kwh..
I could tell you, but then I'd have to kill you. Keep looking, you should be able to find it.
I thought I was smart finding it, only to find other miners already there. That's the best I can do for now under NDA.
damn you! now I have to search the internet for hours before pm'ing you with the question with whom you have the nda!
Its really not that hard.. I have .089-.041 around by me for all my miners Tongue
Ytterbium
Full Member
***
Offline Offline

Activity: 238



View Profile WWW
September 04, 2013, 09:04:58 PM
 #8437

Rule No1 - You don't plan in Bitcoinland without taking in account the psychofat boy Karpeles!
He used the same trick twice - some idiots never learn their lesson.

He pumps LTC with a stupid tweet, he cashes out for USD while BTC crashes at his site and he saves his bitcoin reserves who probably went dangerously low from his withdrawal issue...

That's why I will never plan again long term with Bitcoin - ROI and bullshit, he f@cked as so many times!
Terrahash was a black hole - I hope the dump will end for people here so you will not get burned too, I seriously mean it guys...

MtGox is becoming less and less relevant.

as your heart also runs at about 60Hz.

You... might want to think about that for a couple seconds.

Or see a doctor.

klee
Legendary
*
Offline Offline

Activity: 1484



View Profile
September 04, 2013, 09:15:37 PM
 #8438

Rule No1 - You don't plan in Bitcoinland without taking in account the psychofat boy Karpeles!
He used the same trick twice - some idiots never learn their lesson.

He pumps LTC with a stupid tweet, he cashes out for USD while BTC crashes at his site and he saves his bitcoin reserves who probably went dangerously low from his withdrawal issue...

That's why I will never plan again long term with Bitcoin - ROI and bullshit, he f@cked as so many times!
Terrahash was a black hole - I hope the dump will end for people here so you will not get burned too, I seriously mean it guys...

MtGox is becoming less and less relevant.
Fortunately it seems so - but I am still cautious. The latest LTC manipulation was so canny...
crumbs
Full Member
***
Offline Offline

Activity: 210



View Profile
September 04, 2013, 09:21:37 PM
 #8439

...
as your heart also runs at about 60Hz.

You... might want to think about that for a couple seconds.

Or see a doctor.

Hummingbird with a meth problem?
klee
Legendary
*
Offline Offline

Activity: 1484



View Profile
September 04, 2013, 09:23:41 PM
 #8440

Rule No1 - You don't plan in Bitcoinland without taking in account the psychofat boy Karpeles!
He used the same trick twice - some idiots never learn their lesson.

He pumps LTC with a stupid tweet, he cashes out for USD while BTC crashes at his site and he saves his bitcoin reserves who probably went dangerously low from his withdrawal issue...

That's why I will never plan again long term with Bitcoin - ROI and bullshit, he f@cked as so many times!
Terrahash was a black hole - I hope the dump will end for people here so you will not get burned too, I seriously mean it guys...

MtGox is becoming less and less relevant.
Fortunately it seems so - but I am still cautious. The latest LTC manipulation was so canny...
Here we go again...
Pages: « 1 ... 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 [422] 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 ... 2138 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!