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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3047195 times)
sickpig
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June 12, 2013, 03:31:19 PM
 #2341

i compiled a short list of what would happen if:
miners would be delivered end of Setember and the difficulty will continue to rise 25% every 11 days (re-target time)


good work thanks :-)
 
Obviously I hope that the difficulty will not maintain the current growth rate, wishful thinking probably.

In any case, if we have our rigs in time we will draw a good profit notwithstanding the growth steepness

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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cheech300
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June 12, 2013, 03:44:53 PM
 #2342

That's what we also expected in September, the diff.... we are counting is between 75 and 150 millions...
wowc8
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June 12, 2013, 03:45:31 PM
 #2343

i compiled a short list of what would happen if:
miners would be delivered end of Setember and the difficulty will continue to rise 25% every 11 days (re-target time)


good work thanks :-)
 
Obviously I hope that the difficulty will not maintain the current growth rate, wishful thinking probably.

In any case, if we have our rigs in time we will draw a good profit notwithstanding the growth steepness


My bet is that this does not stay linear.  Nothing ever does.  The only way that this would continue to grow at the same rate is if more powerful mining machines continue to be released.  I don't see that happening in that short amount of time, therefore I expect the diff to plateau a bit.  Probably rendering the more common GH/s units, either the 5GH/s or the 50GH/s units, into the profit realm of 5 to 10 dollars per day just like what is the case with the HD7970 GPUs today.  There will definitely be a saturation point where people choose not to run their units because they don't make a profit.

WDC: WbKQxmmJJTxTi9kFQ8JSDX4aAui1V6kN9H BTC: 13EosxXnBbkjfWrH85APkWp4RFLHiu9qys
bitpop
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June 12, 2013, 03:45:34 PM
 #2344

Bitcoindifficulty.com Blockchain.info

sickpig
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June 12, 2013, 03:53:25 PM
 #2345

Bitcoindifficulty.com Blockchain.info

sorry bro I know I should mind my own business but why are you posting the same url twice in a few minutes? I can assure you that who is following this thread is likely doing the same with the KnC openday thread, no?

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
bitpop
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June 12, 2013, 03:55:24 PM
 #2346

I apologize but this time I was replying to the guy just earlier..

Quote
EDIT: is there a site that shows how much the difficulty rose every 11 days and has a history?

sickpig
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June 12, 2013, 04:14:49 PM
 #2347

I apologize but this time I was replying to the guy just earlier..

Quote
EDIT: is there a site that shows how much the difficulty rose every 11 days and has a history?

Sorry then Grin

I didn't notice OP edit his post asking for difficulty data source

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
Rora
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June 12, 2013, 04:23:54 PM
 #2348

The difficulty will even out and wont keep to its current 30+% difficulty increase once most of the ASICs are released. I think we are in for a MASSIVE difficulty change and then a slow in increase.
merv77
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June 12, 2013, 04:38:40 PM
 #2349

i compiled a short list of what would happen if:
miners would be delivered end of September and the difficulty will continue to rise 25% every 11 days (re-target time)
In my opinion, this is the more pessimistic view... i'm guessing the difficulty increase will level off towards the end of the year.

The -Mining should have been mining hardware cost

EDIT: is there a site that shows how much the difficulty rose every 11 days and has a history?
EDIT2: this calculation is done @ 108$/BTC
This prediction could be accurate, and I'm a newbie with all this crypto-currency business so I probably do understand enough.
But with these predictions the difficulty reaching 4 billion in less than a year, what's realistically going happen to Bitcoin???

Could any or all of the following happen?
1. Miners play game of chicken and wait for some miners to switch off unprofitable rigs, hopefully making profitable again.
2. Bitcoin value rises dramatically especially because fewer coins are being found, hopefully making profitable again.
3. Compulsory transaction fees introduced to keep miners rigs switch on and hash rate's high for a more secure Bitcoin network, therefore making profitable again.

Don't forget cost of electricity. a 350GH/s Jupiter supposedly consumes 1000 Watts.

Also, the companies solely in the business of producing mining hardware going still be around when difficulty is in the multi-billion area.
dan99
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June 12, 2013, 04:42:32 PM
 #2350

In my opinion, difficulty creates opportunity 1) the gpu and asicminer usb will give up or died off eventually 2) as difficulty increases the amount of coins harvested daily is reduced 3) The price of bitcoin may increased. So at the end it will benefit the Asic Miners.

By the way in Dec 2012 or earlier the fortune tellers will say the same thing, difficulty increase and what not .. but those who don't listen to some of these garbage and went a head and bought the Avalon batch 1 now they enjoy the golden harvest... and where are those nay slayers ? maybe they went back to their caves..and had to re-do their calculations. Grin
rizzman
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June 12, 2013, 05:03:28 PM
 #2351

Congrats $1k!
lol - you missed the "." before the number, although I wish I could throw coin around like that.
bitpop
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June 12, 2013, 05:10:47 PM
 #2352

Damn he hid it good, very misleading!

Congrats $1k!
lol - you missed the "." before the number, although I wish I could throw coin around like that.

qiuness
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June 12, 2013, 05:25:39 PM
 #2353

the calculations are including the Wattage... i`m hoping that the level off happens sooner then later Smiley
DPoS
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June 12, 2013, 06:04:48 PM
 #2354

remember some miners aren't totally in it for straight ROI.. they like making their own coins for many reasons

and I would guess some would pay a premium since this is their own swiss bank if you will or laundry mat

so yeah, ROI miners have to compete with others who won't be daunted by all the ROI crybabies that flock to each thread here saying 'it ain't worth it'


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bitpop
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June 12, 2013, 06:13:35 PM
 #2355

True and virgin coins could be at premium some day

skoolbytes
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June 12, 2013, 06:25:52 PM
 #2356



EDIT: is there a site that shows how much the difficulty rose every 11 days and has a history?


Not mine...but I think think this might be what you are looking for.  I found it through the bitcoin wiki...

https://docs.google.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc

Bitcoinorama
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June 12, 2013, 08:53:50 PM
 #2357

Bitcoinrama, Thanks dude. let me know where I can send you some bitcents for your troubles. --- Nevermind, just saw your address... .10 btc en route

Ahhh it was you, my mystery donar. Someone else eludes me with 0.009...Wink

Thanks guys, massively appreciated.

Can go towards a hand massage, the digits are sore from all the typing! Grin

Enjoy;  https://bitcointalk.org/index.php?topic=232852.msg2453779#msg2453779

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
Bitcoinorama
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June 12, 2013, 08:56:36 PM
 #2358

Bitcoinrama, Thanks dude. let me know where I can send you some bitcents for your troubles. --- Nevermind, just saw your address... .10 btc en route

Ahhh it was you, my mystery donar. Cheers Rizz!!! Someone else eludes me with 0.009...Wink

Thanks guys, massively appreciated.

Can go towards a hand massage, the digits are sore from all the typing! Grin

Saying that my neck is killing from sitting in a stupid position the last few hours like a dumbass!!

Enjoy;  https://bitcointalk.org/index.php?topic=232852.msg2453779#msg2453779

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
qiuness
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June 12, 2013, 09:10:58 PM
 #2359

nice donation, you deserve it!

@skoolbytes thanks for the chart!
idee2013
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June 12, 2013, 09:16:01 PM
 #2360

Bitcoinrama, Thanks dude. let me know where I can send you some bitcents for your troubles. --- Nevermind, just saw your address... .10 btc en route

Ahhh it was you, my mystery donar. Cheers Rizz!!! Someone else eludes me with 0.009...Wink

Thanks guys, massively appreciated.

Can go towards a hand massage, the digits are sore from all the typing! Grin

Saying that my neck is killing from sitting in a stupid position the last few hours like a dumbass!!

Enjoy;  https://bitcointalk.org/index.php?topic=232852.msg2453779#msg2453779



oh dude....this is a book ;-)
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