Bitcoin Forum
November 19, 2017, 12:13:09 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 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] 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 ... 2138 »
  Print  
Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007385 times)
erk
Hero Member
*****
Offline Offline

Activity: 672


View Profile
September 12, 2013, 03:26:35 AM
 #9161

Yet they are happy to support mega farms

Well they might not be happy with mega mines, but they wouldn't necessarily stop any individual from buying 110TH of product.
Problem with that is, 110TH/s of KNCminer gear pulls about 176kWatts, so I don't see you putting that in the garage, that means data center, aircon costs etc. to kill your profitability. However, I could see an individual with a couple of Jupiters in their garage, no aircon just an exhaust fan having a viable mining rig.

The irony is, KNCminer are clearly designing for the data center rack user, the least viable form of mining.


1511050389
Hero Member
*
Offline Offline

Posts: 1511050389

View Profile Personal Message (Offline)

Ignore
1511050389
Reply with quote  #2

1511050389
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511050389
Hero Member
*
Offline Offline

Posts: 1511050389

View Profile Personal Message (Offline)

Ignore
1511050389
Reply with quote  #2

1511050389
Report to moderator
1511050389
Hero Member
*
Offline Offline

Posts: 1511050389

View Profile Personal Message (Offline)

Ignore
1511050389
Reply with quote  #2

1511050389
Report to moderator
rolling
Sr. Member
****
Offline Offline

Activity: 443



View Profile
September 12, 2013, 03:37:44 AM
 #9162

Yet they are happy to support mega farms

Well they might not be happy with mega mines, but they wouldn't necessarily stop any individual from buying 110TH of product.
Problem with that is, 110TH/s of KNCminer gear pulls about 176kWatts, so I don't see you putting that in the garage, that means data center, aircon costs etc. to kill your profitability. However, I could see an individual with a couple of Jupiters in their garage, no aircon just an exhaust fan having a viable mining rig.

The irony is, KNCminer are clearly designing for the data center rack user, the least viable form of mining.


If they are designing for a data center rack user, they failed.  I don't think that is the case (too narrow, too tall, external power). If they did design it for rack use, it would not make it unusable at home. 

Personally, I hope they make the next version perfect for data centers because the sooner all of the big players bankrupt themselves trying to put these in a data center, the sooner the rest of us make a profit.
erk
Hero Member
*****
Offline Offline

Activity: 672


View Profile
September 12, 2013, 03:42:28 AM
 #9163



If they are designing for a data center rack user, they failed.  I don't think that is the case (too narrow, too tall, external power). If they did design it for rack use, it would not make it unusable at home.  

Personally, I hope they make the next version perfect for data centers because the sooner all of the big players bankrupt themselves trying to put these in a data center, the sooner the rest of us make a profit.
The case is designed to fit in a 19" rack, hence the staggered module layout and air baffles.


I too am counting on the big players to bankrupt themselves and restore some normality to the bitcoin network.

Happy to wait and pick up a Jupiter next year on eBay for a couple of hundred bucks from a failed data center farm, and run it off solar.

 

The Bitcoin net hash is over 950TH/s atm. could be 1PH/s by the weekend. I bet the farms weren't expecting that mid September!
tolip_wen
Sr. Member
****
Offline Offline

Activity: 387


View Profile
September 12, 2013, 03:55:00 AM
 #9164

I absolutely reject the idea that the vendors SHOULD or could somehow limit growth.

It is a free market, literally, and one of the attractions is no overlords, government or otherwise.

To suggest vendors should somehow discriminate based on size of order does not compute.

Business is business, the whole idea is to make money.
If you think that is not true then you have no valid complain't that you won't get yours.

IMneverHO

And now for something completely different Smiley

<open_mouth_change_feet>
Back on topic, I emailed KnC asking if they would use the installed Angstrom or another distro.
No reply yet, but we could arguediscuss the merits of the choices available.

I could see them using uSD cards (with whatever OS) instead of the pre-installed OS  just to speed up delivery. This would be cool in that the Angstrom would still be there waiting for a powerup with the uSD removed.

All I can add at this point is that I have compared Deb and Angstrom mining and each works equally with block ruptures and a BBB. same same bfg vs cg

We should in theory be able to change it no matter what they choose considering they are using cgminer and it is open source.

Someone will likely put out a simple to install image file with their favorite distro shortly after they start hitting the doorsteps.

I'm partial to slackware personally but do not recommend it to the un-initated.

</open_mouth_change_feet>

YMMV

Soon! Smiley

'twisted research and opinion' donations happily accepted @
13362fxFAdrhagmCvSmFy4WoHrNRPG2V57
My sub 1337 vanity address Wink
rolling
Sr. Member
****
Offline Offline

Activity: 443



View Profile
September 12, 2013, 04:05:23 AM
 #9165

The case is designed to fit in a 19" rack, hence the staggered module layout and air baffles.

The case is only 400mm or 15.748 inches wide rather than 19".  This means, it will "fit" in a rack with a shelf but it is not necessarily designed for a rack.
btcusr
Sr. Member
****
Offline Offline

Activity: 398


@_vjy


View Profile
September 12, 2013, 04:21:06 AM
 #9166

Instead of September shipment, preorders should be in terms of total network hash rates, like, "we'll ship before total network hash rate reaches 1PHash".

If there are any delays then like say, 10 days and total network hash rate jumped to 2PHash at that time, then 10 days loss (minus shipment time) should be paid by the vendor.

This way we know they are also willing to ship ASAP.

May be they can price miners bit higher for doing this, instead of giving users assumption of 1 month break even.

Just saying. Cool

demonmaestro
Hero Member
*****
Offline Offline

Activity: 560


Mining for the hell of it.


View Profile
September 12, 2013, 04:26:32 AM
 #9167

And yet ya seriously think that they give 2 shits about the network hash rate. They are producing a product that is being purchased. ROI ROI ROI that is the only thing ya talk about. BitCoin is an investment and not a stable one. It may pay out and it may not. Just the way the ball bounces. So enjoy your carrot when it gets here and quit bitching.  Cool

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.
btcusr
Sr. Member
****
Offline Offline

Activity: 398


@_vjy


View Profile
September 12, 2013, 04:41:10 AM
 #9168

May be someone who wants a quick profit only cares about ROI, but if someone wants to stay in business for long term and earn reputation will never do that.

I like, free 20% hash rate for 30 days delay scheme of cointera, and it feels better too. That's a commitment, yet we're not sure whether they deliver.

If you say September shipments then that means it may be September 30, it can never be September 1. If anyone gets their miners before October 15, then they should consider themselves lucky.

In the meantime, if there are any spike in exchange rate, say $300+. This could further delay the product, and no one knows what went wrong.

gmaxwell
Moderator
Legendary
*
Offline Offline

Activity: 2338



View Profile
September 12, 2013, 06:15:35 AM
 #9169

So. Um.

All this speculation.  If they're going to make people's expected delivery dates— you would have thought that they'd have test hardware in the miner software folks (remote) hands by now.

Just saying…

Bitcoin will not be compromised
erk
Hero Member
*****
Offline Offline

Activity: 672


View Profile
September 12, 2013, 06:21:48 AM
 #9170

So. Um.

All this speculation.  If they're going to make people's expected delivery dates— you would have thought that they'd have test hardware in the miner software folks (remote) hands by now.

Just saying…

They reckon they have already done the miner software themselves and thanked the cgminer devs for the code base.

BigLad
Jr. Member
*
Offline Offline

Activity: 53


View Profile
September 12, 2013, 09:26:06 AM
 #9171

So. Um.

All this speculation.  If they're going to make people's expected delivery dates— you would have thought that they'd have test hardware in the miner software folks (remote) hands by now.

Just saying…

They reckon they have already done the miner software themselves and thanked the cgminer devs for the code base.



Thought when I asked Kano what he did for them he said he hadnt done anything on it...
-Redacted-
Sr. Member
****
Offline Offline

Activity: 420



View Profile
September 12, 2013, 09:39:06 AM
 #9172

Reading comprehension problem?
eve
Full Member
***
Offline Offline

Activity: 210


View Profile
September 12, 2013, 09:44:47 AM
 #9173

So. Um.

All this speculation.  If they're going to make people's expected delivery dates— you would have thought that they'd have test hardware in the miner software folks (remote) hands by now.

Just saying…


Ya, no chip to show, where are the chips, not even a picture or a video demonstrating their enormous hashing power Wink the shills and trolls or socks puppets will always say be patience and be positive or just shut up.
BigLad
Jr. Member
*
Offline Offline

Activity: 53


View Profile
September 12, 2013, 10:21:21 AM
 #9174

Reading comprehension problem?

Yep, should read stuff properly!
timmmers
Sr. Member
****
Offline Offline

Activity: 336


View Profile
September 12, 2013, 12:13:04 PM
 #9175

So. Um.

All this speculation.  If they're going to make people's expected delivery dates— you would have thought that they'd have test hardware in the miner software folks (remote) hands by now.

Just saying…


Ya, no chip to show, where are the chips, not even a picture or a video demonstrating their enormous hashing power Wink the shills and trolls or socks puppets will always say be patience and be positive or just shut up.

Don't worry, when the 1st rigs arrive in a matter of weeks I'm sure their owners will happily ram videos and pics of them hashing down your throat Smiley
Bitcoinorama
Hero Member
*****
Offline Offline

Activity: 532



View Profile
September 12, 2013, 12:15:27 PM
 #9176

And yet ya seriously think that they give 2 shits about the network hash rate. They are producing a product that is being purchased. ROI ROI ROI that is the only thing ya talk about. BitCoin is an investment and not a stable one. It may pay out and it may not. Just the way the ball bounces. So enjoy your carrot when it gets here and quit bitching.  Cool

Indeed. They are building a machine that spits out Bitcoins, they are not converting customers dollars into Bitcoins no matter how you word it. That is the job of an exchange, and you can see how hard certain governments are coming down on those due to legalities and requirements of financial service orientated businesses. KnC make machines that distribute network, increase it's securty, and Bitcoins are merely a reward as part of that protocol. All this talk of ROI is something some forum members are choosing to focus on themselves. KnC have no control over competition, or BTC price, the same as JCB (http://www.jcb.com/) has no control over whether physical mining companies happen to dig in the right area. This is an crucial distinction to understand. They couldn't predict what the BTC price would be currently, three months ago, but obviously priced fairly under the assumption it would remain stable, which within reason, it has, but they cannot claim or reason that they did this openly online, or admit to that, as it is illegal.

Moreover they cannot promise 'Return on Investment', neither can any other company, and those that are are breaking the law. They have to register and adhere to the law with respect to being a financial service if they are promising 'returns on investment', or even mentioning the word 'investment', anywhere. It's not merely a 'grey area', it is illegal. FinCEN in the US just haven't acknowledged that Bitsyncom, or Hashfast are breaking the law mentioning those words. Why do you think Yifu wants to suddenly keep people happy? Future sales? Pfft. Bitsyncom now realise with Bitcoin seen as a currency at a federal level in the US, should they end up in court, he is in the shit, big time, as his past wording has;

1). Classed his offering as an unregulated financial services product,
2). He has failed to deliver on his promise,
3). He has directly affected his inability to deliver as promised, and ensured his customers have realised a loss, over the gains promised.
4). He priced his products based on the returns they were claimed they would receive.
5). FinCEN will tear his non BS terms to pieces. Fact. He's adhered to none of their guidelines or registered his company as a financial service.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
ImI
Legendary
*
Offline Offline

Activity: 1694



View Profile
September 12, 2013, 12:49:46 PM
 #9177

Yet they are happy to support mega farms

Source?
Um, the post I will commenting on above. Also I guess you haven't heard of things like ASICminer and 100TH



I asked for a source not some fishy comment in a thread.
erk
Hero Member
*****
Offline Offline

Activity: 672


View Profile
September 12, 2013, 12:53:23 PM
 #9178

Yet they are happy to support mega farms

Source?
Um, the post I will commenting on above. Also I guess you haven't heard of things like ASICminer and 100TH



I asked for a source not some fishy comment in a thread.
Oh you are a smart ass too, I should have guessed, welcome to the ignore list.
ImI
Legendary
*
Offline Offline

Activity: 1694



View Profile
September 12, 2013, 12:59:26 PM
 #9179


LOL! You are stating that KNC is supporting big miner farms, i am asking for a source for such news, you cant deliver and put me on ignore!?

LOOOOOL.

You just spreaded bullshit thats it and couldnt take it when someone points a finger to that bullshit.
btc_uzr
Sr. Member
****
Offline Offline

Activity: 434


let's have some fun


View Profile
September 12, 2013, 01:43:08 PM
 #9180


LOL! You are stating that KNC is supporting big miner farms, i am asking for a source for such news, you cant deliver and put me on ignore!?

LOOOOOL.

You just spreaded bullshit thats it and couldnt take it when someone points a finger to that bullshit.

+1

we definitely need another culture of conversation in here
 ..like when putting an assertion in place, provide links, facts, some kind of indication or at least structured thoughts leading to to that, otherwise mark it as speculation or question, please

 Would be win-win situation, except for FUD spreaders, no?

!! File Complaints Against KnCMiner NOW !!
..and Thou shalt spread the coin in the name of cryptography for eternity
Pages: « 1 ... 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] 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 ... 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!