Swedish ASIC miner company kncminer.com

[r1senfa17h]

Yes I have. With the combination of Fincen(The governing body of the U.S. Treasury)literally approving cryptocurrecies  http://www.fincen.gov/news_room/speech/pdf/20130613.pdf 
and the Bloomburg interview with David Marcus(CEO of both PayPal AND BitPay)
 http://www.bloomberg.com/video/we-re-our-biggest-competitor-paypal-s-marcus-hfD5bqHjSZaMOrEREga9Tw.html
   and here...
 https://www.youtube.com/watch?v=cTZnkoaoV1I   
,as well as this article... http://tech.fortune.cnn.com/2013/05/23/why-paypal-is-bullish-on-bitcoin/

By the way.. I've come up with a simple(too simple almost) formula to succeed in Bitcoin without diminishing returs as a miner...
Where "S"= Success(non-diminishing returns),
"H"= Hashrate purchase at diffchange, and
"D" = Difficulty level percentage increase
S = H > D
that's it.
It of course does not include the dollar value of BTC. One could argue S = H > D + V if V > 0, when "V" is a % decrease in BTC dollar value.... but no need IMHO.
I could write an entire paper on why this will work, but it will. Hope this helps.

Thanks for the links, I hadn't seen this before - very interesting!

Can you elaborate on "H = Hashrate purchase at diffchange"? I'm not sure I understand what you mean here. Perhaps you could plug in some hypothetical numbers to demonstrate?

[1714987821]

1714987821

[1714987821]

1714987821

[polarhei]

I can confirm that they actually have a real company registered in Sweden. Very nice! I guess we will finally have good options for EU customers.

This is the Swedish goverment page (sorry non nordics it is in Swedish i know)

http://www.allabolag.se/5568805823/Kennemar_och_Cole_AB

our VAT numnber is SE556880582301

Read bout the detail, Also the consultation group. See you soon

[Phoenix1969]

"Can you elaborate on "H = Hashrate purchase at diffchange"? I'm not sure I understand what you mean here. Perhaps you could plug in some hypothetical numbers to demonstrate?"

r1senfa17h

Every time the Difficulty level changes (about two weeks),
Say it went up 10%, you would need to purchase 10% more hashpower to keep up, and avoid a smaller return every time the Difficulty level increases. easy, eh?
Now add any BTC value decrease if any.
*Its a fairly aggressive formula, But is a minimum for continued non-diminishing returns.

[torzsy]

Can someone tell me please if I order a miner now when would I get it? Tons of post here...  Do we know the number of orders so far?

Any video or picture of a working unit?

Thanks!

[blastbob]

Can someone tell me please if I order a miner now when would I get it? Tons of post here...  Do we know the number of orders so far?

Any video or picture of a working unit?

Thanks!

Most likely in Q4 if things goes as planned.

[torzsy]

Can someone tell me please if I order a miner now when would I get it? Tons of post here...  Do we know the number of orders so far?

Any video or picture of a working unit?

Thanks!

Most likely in Q4 if things goes as planned.

Thank you!

[dhenson]

Can someone tell me please if I order a miner now when would I get it? Tons of post here...  Do we know the number of orders so far?

Any video or picture of a working unit?

Thanks!

The units don't exist yet, so there won't be a picture of them.  They won't be completed until (mid-late) September.

I placed another order last night and the order number was in the 2900's, the last update I remember seeing from KnC was that orders back in the 2500's were due to be shipped in October.  This makes me hopeful that orders placed now will still be shipped in October as well.

Only time will tell.

[jelin1984]

Why is so sure that 2900 orders is a lot of orders will be ship at October more possible I think is to ship at 2014

[nightengale]

Not all 2900 are paid orders I don't believe...

[torzsy]

Can someone tell me please if I order a miner now when would I get it? Tons of post here...  Do we know the number of orders so far?

Any video or picture of a working unit?

Thanks!

The units don't exist yet, so there won't be a picture of them.  They won't be completed until (mid-late) September.

I placed another order last night and the order number was in the 2900's, the last update I remember seeing from KnC was that orders back in the 2500's were due to be shipped in October.  This makes me hopeful that orders placed now will still be shipped in October as well.

Only time will tell.

I see. Thanks for the info. If half of those orders are real, this is a huge hashrate increase. It seems I dont have an option, have to order mine. 

[nightengale]

I punched in some numbers for the Jupiter and depending on delivery date... scarily enough, didn't even break even on Coinish's calculator. I threw in the 10% fee to approximate hosting + pool fee:

http://imgur.com/p5YrFkY

I suspect the 1.3% difficulty increase per day may not be sustainable... Anyone have any thoughts on this?

[Kuroth]

I punched in some numbers for the Jupiter and depending on delivery date... scarily enough, didn't even break even on Coinish's calculator. I threw in the 10% fee to approximate hosting + pool fee:

http://imgur.com/p5YrFkY

I suspect the 1.3% difficulty increase per day may not be sustainable... Anyone have any thoughts on this?

I have a question about the Coinish's calculator...   Does the Income after reduction include Break even or is it the income after you break even???  I would think ROI would be the amount you make AFTER you break even and pay off your Miner?  It has to be or else there is no point to buying any miners unless you can afford to get like 100 of them?   Something is not adding up..

[pixl8tr]

I punched in some numbers for the Jupiter and depending on delivery date... scarily enough, didn't even break even on Coinish's calculator. I threw in the 10% fee to approximate hosting + pool fee:

http://imgur.com/p5YrFkY

I suspect the 1.3% difficulty increase per day may not be sustainable... Anyone have any thoughts on this?

I have a question about the Coinish's calculator...   Does the Income after reduction include Break even or is it the income after you break even???  I would think ROI would be the amount you make AFTER you break even and pay off your Miner?  It has to be or else there is no point to buying any miners unless you can afford to get like 100 of them?   Something is not adding up..

The cornish ROI calculation on Expert mode is Income over the planned time minus investment, power and pool fee's.

[Kuroth]

I punched in some numbers for the Jupiter and depending on delivery date... scarily enough, didn't even break even on Coinish's calculator. I threw in the 10% fee to approximate hosting + pool fee:

http://imgur.com/p5YrFkY

I suspect the 1.3% difficulty increase per day may not be sustainable... Anyone have any thoughts on this?

I have a question about the Coinish's calculator...   Does the Income after reduction include Break even or is it the income after you break even???  I would think ROI would be the amount you make AFTER you break even and pay off your Miner?  It has to be or else there is no point to buying any miners unless you can afford to get like 100 of them?   Something is not adding up..

The cornish ROI calculation on Expert mode is Income over the planned time minus investment, power and pool fee's.

Great..  That is what I thought...   Thanks

[torzsy]

I punched in some numbers for the Jupiter and depending on delivery date... scarily enough, didn't even break even on Coinish's calculator. I threw in the 10% fee to approximate hosting + pool fee:

http://imgur.com/p5YrFkY

I suspect the 1.3% difficulty increase per day may not be sustainable... Anyone have any thoughts on this?

Well I dont know how Coninsh is calculating, but its wrong imho.

I calculated this:

A 200 GH unit arrives on 1st of October, and you mine with it until 30th of June, 2014 with an estimated 1.5% difficulty increase per day. Difficulty will be 86,478,334 when you start mining! Thats only 1.1631 BTC / day with 200 GH. At the end, difficulty is 4,745,398,413 with an estimated 0,0212 BTC / day.

Overall: 77,2888 BTC. USD / BTC rate can't be predicted, so just stick to BTC earnings.

Is it worth to buy or not?  If BTC rises to 1000$, then yes...

Opinions?

[investment and power costs not included]

[Mota]

well, if you just look at the bitcoin price and the amount mined in that time, you get double the amount of bitcoins back for every bitcoin paid. and imho the difficulty increase of 1.5% per day is too much. i don't believe most people are willing to go for an arms race with asic miners, so pretty much only asicminer will increase steadily to hold it's percentage.

[Kuroth]

I punched in some numbers for the Jupiter and depending on delivery date... scarily enough, didn't even break even on Coinish's calculator. I threw in the 10% fee to approximate hosting + pool fee:

http://imgur.com/p5YrFkY

I suspect the 1.3% difficulty increase per day may not be sustainable... Anyone have any thoughts on this?

Well I dont know how Coninsh is calculating, but its wrong imho.

I calculated this:

A 200 GH unit arrives on 1st of October, and you mine with it until 30th of June, 2014 with an estimated 1.5% difficulty increase per day. Difficulty will be 86,478,334 when you start mining! Thats only 1.1631 BTC / day with 200 GH. At the end, difficulty is 4,745,398,413 with an estimated 0,0212 BTC / day.

Overall: 77,2888 BTC. USD / BTC rate can't be predicted, so just stick to BTC earnings.

Is it worth to buy or not?  If BTC rises to 1000$, then yes...

Opinions?

[investment and power costs not included]

I think you meant Overall: 77.2888 BTC correct?  A decimal not a comma   

[Mota]

depends on your country. in germany 77,77€ would be correct for decimal...

[helmax]

i from spain i need pay tax customs when they send?

[Mota]

i from spain i need pay tax customs when they send?

why don't you read the f*****g thread?