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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012256 times)
markm
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September 19, 2013, 04:13:25 PM
 #9941

Maybe use p2pool?

-MarkM-

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Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
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xyzzy099
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September 19, 2013, 04:16:14 PM
 #9942

Once you guys get your miners in hand what pools will you consider using and why?

btcguild + pplns

Guys,

stop using BTCGuild, please do spread your hashing power to the other pools!

https://bitcointalk.org/index.php?topic=295926.0

spiccioli

I intend on switching back to my old little pool once 80% ROI is realized. However, this was an investment, and it just makes fiscal sense at the moment to go with the pool mining the most coin.

You won't make more by mining on a pool that mines the most coin, because you get paid proportional to your hash power vs. the rest of the pool.  At best, you may see less variance, but in the long run you won't make more money.  And paying a 3% pool fee means you will be actually earning less than you would on some other pools.

Libertarians:  Diligently plotting to take over the world and leave you alone.
Puppet
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September 19, 2013, 04:16:30 PM
 #9943

[funny pic]

I dont think anyone sane questioned there would be chips, not after reading the press release by orsoc.

I still question their ability to turn untested trays of chips in to shipping miners in just 2 weeks time (but I have that same question about all the other asic's too, so its still looking good for KNC customers)
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September 19, 2013, 04:22:08 PM
 #9944

[funny pic]

I dont think anyone sane questioned there would be chips, not after reading the press release by orsoc.

The last months this thread was FULL of trolls questioning that there will be chips. Sane or not it doesnt matter cause we all have seen it happen.

And even now they could state that its all a photoshop fake.

You see an idiot stays an idiot regardless what happens.
Bitcoinorama
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September 19, 2013, 04:33:24 PM
 #9945

[funny pic]

I dont think anyone sane questioned there would be chips, not after reading the press release by orsoc.

The last months this thread was FULL of trolls questioning that there will be chips. Sane or not it doesnt matter cause we all have seen it happen.

And even now they could state that its all a photoshop fake.

You see an idiot stays an idiot regardless what happens.




KnC wasn't the only target of scam accusation, I seem to remember an unwarranted plethora of abuse directed at myself relentlessly these last few months.

Apparently not only was I talking the truth, I knew the subject I was talking about, and really did have everyone's best interests at heart with respect to secured payments, and not being scammed.

I've also been correct with every single prediction i've made. Not bad to be fair, is it?

There's a few folks here that owe me an apology, and albeit even fewer that said they would have the balls to apologise when the time came. Well let's hear it please, i'm happy to forgive, but credit, where credit's due...

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
blastbob
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September 19, 2013, 04:41:09 PM
 #9946


KnC wasn't the only target of scam accusation, I seem to remember an unwarranted plethora of abuse directed at myself relentlessly these last few months.

Apparently not only was I talking the truth, I knew the subject I was talking about, and really did have everyone's best interests at heart with respect to secured payments, and not being scammed.

I've also been correct with every single prediction i've made. Not bad to be fair, is it?

There's a few folks here that owe me an apology, and albeit even fewer that said they would have the balls to apologise when the time came. Well let's hear it please, i'm happy to forgive, but credit, where credit's due...

Orsoc was the trigger to get me involved. Never been worried. Just put the trolls on ignore, its much easier then Smiley

Anyone up for a day 1 pickup beer? Smiley

Psst.. Got Ether?
Bitcoinorama
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September 19, 2013, 04:43:50 PM
 #9947


KnC wasn't the only target of scam accusation, I seem to remember an unwarranted plethora of abuse directed at myself relentlessly these last few months.

Apparently not only was I talking the truth, I knew the subject I was talking about, and really did have everyone's best interests at heart with respect to secured payments, and not being scammed.

I've also been correct with every single prediction i've made. Not bad to be fair, is it?

There's a few folks here that owe me an apology, and albeit even fewer that said they would have the balls to apologise when the time came. Well let's hear it please, i'm happy to forgive, but credit, where credit's due...

Anyone up for a day 1 pickup beer? Smiley

Hell yes!

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
Biomech
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September 19, 2013, 04:47:25 PM
 #9948

For Fast food reference:



I work in fast food. You have the blue and red reversed.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
KS
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September 19, 2013, 04:48:16 PM
 #9949

ha, chip.)



Guy’s, below we have some photos to share from our packaging house in Asia who are currently are in possession of our wafers; slicing and packaging the dies into the chips you and we so badly want to get our hands on.

The finish line is in sight. A few sleepless nights yet, but we are doing everything we can to keep our delivery promise. This is nail-biting to say the least.

Going to post some more hosting facility pictures on the forum later today as well. So look out for those. They’re from last weekend, something else we’ve forgone for the immediate future. Let’s just take a moment to thank or very understanding wives, and children, who have been exceptionally restrained and understanding considering the last few months. We’re all looking forward to making amends on some lost time there.

However, there are a couple of pictures below, we know you’ve anxiously wanted to see. As you can see we’ve managed to etch our logo onto the die itself. To give you some idea of scale, the logo itself is just under 1mm in height


http://forum.kncminer.com/forum/main-category/hardware/2545-kncminer-28nm-die-photos-hot-of-the-press-from-our-packaging-assembly-house

Meat, Yay!

For those asking about pools, why not use Eligius? 0% pool fees.

“In Putin’s Russia bitcoin exchanges you.” - http://www.coindesk.com/ceo-bitcoin-officially-bans-china/
List of major BTC scams https://bitcointalk.org/index.php?topic=576337
Bitstamp "no transfer" banks/countries list: https://bitcointalk.org/index.php?topic=270716.0
ImI
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September 19, 2013, 04:51:04 PM
 #9950


No merged-mining, no transaction payouts.
xyzzy099
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September 19, 2013, 04:55:11 PM
 #9951


No merged-mining, no transaction payouts.

Eligius does merge-mine NMC.  It does not pay transactions currently, I think.

Personally, I would like to see P2Pool take over the world.  A distributed pool like that could eliminate the possibility of a monopolistic pool if it could get enough hash power.  Right now, the variance is a killer for low hash-rate miners though.

Libertarians:  Diligently plotting to take over the world and leave you alone.
KS
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September 19, 2013, 04:55:40 PM
 #9952

Not many do both either. When they do the fees are high(er).

Other ways you can lose out is with a flaky connection (PPLNS), etc. It would be a task for the speadsheet guys/gals Wink

“In Putin’s Russia bitcoin exchanges you.” - http://www.coindesk.com/ceo-bitcoin-officially-bans-china/
List of major BTC scams https://bitcointalk.org/index.php?topic=576337
Bitstamp "no transfer" banks/countries list: https://bitcointalk.org/index.php?topic=270716.0
DPoS
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September 19, 2013, 05:03:54 PM
 #9953

For Fast food reference:



I work in fast food. You have the blue and red reversed.

lol that chart is worthy of a sticky   Cool

~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
FeedbackLoop
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September 19, 2013, 05:09:44 PM
 #9954


KnC wasn't the only target of scam accusation, I seem to remember an unwarranted plethora of abuse directed at myself relentlessly these last few months.

Apparently not only was I talking the truth, I knew the subject I was talking about, and really did have everyone's best interests at heart with respect to secured payments, and not being scammed.

I've also been correct with every single prediction i've made. Not bad to be fair, is it?

There's a few folks here that owe me an apology, and albeit even fewer that said they would have the balls to apologise when the time came. Well let's hear it please, i'm happy to forgive, but credit, where credit's due...

Anyone up for a day 1 pickup beer? Smiley

Hell yes!

Stockholm? Would love to join.  Smiley

If it really gets delivered before October that is. Otherwise I'll have to convert my pick up into a delivery as flights are getting expensive to rebook.

Love those sexy chips btw!  Grin

DPoS
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September 19, 2013, 05:11:20 PM
 #9955

Once you guys get your miners in hand what pools will you consider using and why?

btcguild + pplns

Guys,

stop using BTCGuild, please do spread your hashing power to the other pools!

https://bitcointalk.org/index.php?topic=295926.0

spiccioli

I intend on switching back to my old little pool once 80% ROI is realized. However, this was an investment, and it just makes fiscal sense at the moment to go with the pool mining the most coin.

You won't make more by mining on a pool that mines the most coin, because you get paid proportional to your hash power vs. the rest of the pool.  At best, you may see less variance, but in the long run you won't make more money.  And paying a 3% pool fee means you will be actually earning less than you would on some other pools.


I'm sticking with BTCGuild for now.   I like their interface.
 If I do look for another pool I would probably point my USBees & ModMiner rig to it a few days first to test how I like it  Lips sealed

~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
jmw74
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September 19, 2013, 05:23:09 PM
 #9956


No merged-mining, no transaction payouts.

Eligius does merge-mine NMC.  It does not pay transactions currently, I think.

Personally, I would like to see P2Pool take over the world.  A distributed pool like that could eliminate the possibility of a monopolistic pool if it could get enough hash power.  Right now, the variance is a killer for low hash-rate miners though.


Yeah p2pool certainly sounds like the elegant solution.  I'll probably try that first.

Is the variance really that bad?  I suppose it might be significant right now since the hashrate is skyrocketing (pool's 15% bad luck over the next month would not be offset by 15% good luck in the following month).  But still, there are so many other factors at play, I can't believe people are that concerned about possibly losing 10-20% due to bad luck that they'd willingly give up 3-5% in fees.

I presume that since the miner itself won't be running the p2pool program, we just run it on the same machine as the bitcoin node and point the miner at that, instead of 127.0.0.1.

markm
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September 19, 2013, 05:33:14 PM
 #9957

I presume that since the miner itself won't be running the p2pool program, we just run it on the same machine as the bitcoin node and point the miner at that, instead of 127.0.0.1.

Sure. Or you can point your miners at http://dvcstable01.dvcnode.org:10332 which is a zero fee p2pool.

Plus if someone manages to figure out some kind of script or something for finding out from somewhere in the p2pool data directories how much bitcoin it paid each miner it would be possible to pay miners extra besides by selling merged mined coins and divvying up the proceeds. So far though despite bounties offered no one has come up with any tools for doing such divvying.

-MarkM-

Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
rizzman
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September 19, 2013, 05:37:18 PM
 #9958

Once you guys get your miners in hand what pools will you consider using and why?

btcguild + pplns

+1 btcguild - PPLNS is the way to go...

Can someone point me to a low (or no) fee pool that is highly regarded? (or a discussion of same)?

https://en.bitcoin.it/wiki/Comparison_of_mining_pools

I'm not paying those ridiculously high fees unless there's some other benefit besides lowering variance.  As far as I can tell there really isn't any.

I would think all of us here should have a pretty high tolerance for variance (just another word for luck in this case), we're all basically doing one big crapshoot buying these miners in the first place.

I'm not sure I could deal with solo mining though, an average Jupiter will probably only solve maybe 2-3 blocks solo, so the odds of ending up with nothing are just a bit too high for me to go solo.  But a smaller pool is fine.



Here's the thing. the percentage rate is NOT the only thing you want to look at here.. There are plenty of reputable smaller pools, some which charge as low as 1/2% to mine with them. These sound great at face value but the fact is, they simply do not find as many blocks as say btcguild. If you don't find block, then you don't get BTC, and you therefore water down the value of each hash you put into the pool.

Now, if you are using a pool which uses PPLNS, this is a problem, since the pool will only pay you based off of blocks found. so no blocks found = no money, or in the case of smaller pools less blocks found = less money.

If the pool is using PPS, this is MUCH for the pool, and possible yourself as well depending on how much reserves the pool has, what percentage rate they take from found blocks, and their luck. This is because in a PPS pool, if you mine X amount of shares, you get paid for X amount of shares regardless of whether or not a block is found or not. This is very dangerous IMO because you are trusting that the pool doesn't go bankrupt based off of the following :

Pool has a sufficient reserve of BTC to weather the block where they do not mine coin.
Pool has a high enough percentage rake from the found blocks to sustain the reserve. and
Pool doesn't have absolutely terrible luck...

It is for these reasons why you do not see many pools still doing PPS, because it is just too risky, and there are too many players in the game now to assume a optimistic result. If you are considering PPS, you might want to read up on what happened to bitclockers.com

Case in point,
https://bitcointalk.org/index.php?topic=144073.0

Now with that said, BCTGuild, admittedly does own a large share of the network, but that is for a good reason. They have had the best luck at finding blocks and they are using PPLNS for calculating payments, so the pool should never go bankrupt. and this equates simply to a much higher / stable return for on each hash you contribute to the pool.

As for solo mining, if you do intend to keep your Jupiter after the difficulty goes to ridiculous and it is no longer very profitable to run them, then this may be the way to go if you don't mind burning the electricity. But at-least for now while we are in the thick of the gold rush, you are better off sticking with the pool model, and choose one that fits your level of risk.
arlekyn13
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September 19, 2013, 05:39:51 PM
 #9959

Here are the poll results from KNC forums, a small number of votes for a conclusion imo, still posting it here:
KnCMiner Pool (only for KnCMiner Hosting users)
16.44%
12 votes
50BTC
12.33%
9 votes
Slush’s Pool
12.33%
9 votes
BTC Guild
24.66%
18 votes
Eligius
10.96%
8 votes
BitMinter
21.92%
16 votes
OZcoin
1.37%
1 vote

Looks like BTC Guild and BitMinter are the favorites of (at least the voting) KNC customers.

1CmrswU7JYpi9WNC8EHWCV3aam1FJsW2Zu - to show appreciation for my work
Vedran Yoweri
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September 19, 2013, 05:40:10 PM
 #9960


KnC wasn't the only target of scam accusation, I seem to remember an unwarranted plethora of abuse directed at myself relentlessly these last few months.

Apparently not only was I talking the truth, I knew the subject I was talking about, and really did have everyone's best interests at heart with respect to secured payments, and not being scammed.

I've also been correct with every single prediction i've made. Not bad to be fair, is it?

There's a few folks here that owe me an apology, and albeit even fewer that said they would have the balls to apologise when the time came. Well let's hear it please, i'm happy to forgive, but credit, where credit's due...

Orsoc was the trigger to get me involved. Never been worried. Just put the trolls on ignore, its much easier then Smiley

Anyone up for a day 1 pickup beer? Smiley

ehh, maybe first to DC, start the mining, then get pissed.
[holding ADDICTION shares]  Wink

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