Swedish ASIC miner company kncminer.com

[johnyj]

Coin generating speed per GH is related to the time that an asic device enter the network, from BTC ROI point of view, some of the devices might never ROI if purchased use bitcoin

[1714029520]

1714029520

[1714029520]

1714029520

[Mota]

Coin generating speed per GH is related to the time that an asic device enter the network, from BTC ROI point of view, some of the devices might never ROI if purchased use bitcoin

again, bullshit.

[Mota]

Okay, since I have enough of this no ROI crap, here is a little hint:

even at 700.000.000 difficulty you have an ROI. Granted, if you buy an asic at that point it takes 1 year and a half, but ROI is still possible.

[glungnahund]

Okay, since I have enough of this no ROI crap, here is a little hint:

even at 700.000.000 difficulty you have an ROI. Granted, if you buy an asic at that point it takes 1 year and a half, but ROI is still possible.

If the cost of electricity(*) exceeds the value of the mined BTCs you´ll never have ROI.

(*) There is no such thing as free lunch/electricity

[Nemo1024]

Okay, since I have enough of this no ROI crap, here is a little hint:

even at 700.000.000 difficulty you have an ROI. Granted, if you buy an asic at that point it takes 1 year and a half, but ROI is still possible.

If the cost of electricity(*) exceeds the value of the mined BTCs you´ll never have ROI.

(*) There is no such thing as free lunch/electricity

Oh yes, there is. At least during winter, when it's -10C to -25C outside and you are heating with electricity anyway.

[Mota]

Okay, since I have enough of this no ROI crap, here is a little hint:

even at 700.000.000 difficulty you have an ROI. Granted, if you buy an asic at that point it takes 1 year and a half, but ROI is still possible.

If the cost of electricity(*) exceeds the value of the mined BTCs you´ll never have ROI.

(*) There is no such thing as free lunch/electricity

smartass. the calculation was made with 0,31 usd/kwh. That is German standard and most countries will be lower than that.

And, just for the fun of it: with 0,15 usd/kwh which would be an US standard you get your ROI after 1 year.

[glungnahund]

Okay, since I have enough of this no ROI crap, here is a little hint:

even at 700.000.000 difficulty you have an ROI. Granted, if you buy an asic at that point it takes 1 year and a half, but ROI is still possible.

If the cost of electricity(*) exceeds the value of the mined BTCs you´ll never have ROI.

(*) There is no such thing as free lunch/electricity

smartass. the calculation was made with 0,31 usd/kwh. That is German standard and most countries will be lower than that.

And, just for the fun of it: with 0,15 usd/kwh which would be an US standard you get your ROI after 1 year.

The difficulty rises constantly while mining ... after X days mining won´t be profitable anymore. If X < 1 1/2 years you dont have ROI.

Let´s get back to the topic.

[Nemo1024]

smartass. the calculation was made with 0,31 usd/kwh. That is German standard and most countries will be lower than that.

And, just for the fun of it: with 0,15 usd/kwh which would be an US standard you get your ROI after 1 year.

Current price in Norway is $0.064 and Iceland is even lower: $0.0187

[robix]

smartass. the calculation was made with 0,31 usd/kwh. That is German standard and most countries will be lower than that.

And, just for the fun of it: with 0,15 usd/kwh which would be an US standard you get your ROI after 1 year.

Current price in Norway is $0.064 and Iceland is even lower: $0.0187

So you have free elctricity 

[WastedLTC]

Back in the day, KNC talked about having a few options around making sure their customers would receive an ROI from the devices.  They didn't provide any detail but they did state that this was very important to them since they want people to come back and purchase more units. 

KNC is aware of the current difficulty and they also know how many chips will be shipped.  They will know what the difficulty will be after they ship (something none of us will know since we do not know the total TH produced).  They stated that they will stop shipping at the end of 2013 to allow customers to receive an ROI. 

If KNC wants us to take our return and purchase more hardware, they may have a plan.  We are not in Aug.  We still got many weeks ahead of us.  KNC already upped the GH/s spec once without a price increase.   They released hosting information which seems expensive but remember their goal.   The goal is to meet the deadline of september and provide units which return an ROI so they will have consumers returning.  This is where KNC will make their larger profits.

Good luck everyone!   Will be interesting!

[jmaccoin]

The talk of closed btc loops is crazy. It shouldn't matter at all if you buy something with btc if the recipient cashes out immediately or not. If there is enough demand for bitcoins it won't hurt the price, if it drops the price then it means the price was too high.

The Canadian dollar is a strong world currency, sometimes at par with usd, sometimes above, sometimes below. Could you imagine if we had to keep Canadian dollars to keep the value high? We wouldn't have any electronics whatsoever. We wouldn't really have anything.

If trading our Canadian dollars for usd in order to buy pretty much anything caused the price of cad to plummet, we wouldn't have a cad dollar anymore.

We can trade back and forth between cad and other currencies because cad is known as a strong, stable currency and therefore there is always people ready to buy when there are people selling.

The closed loop idea is crazy, look at Argentina.

[idee2013]

Okay, since I have enough of this no ROI crap, here is a little hint:

even at 700.000.000 difficulty you have an ROI. Granted, if you buy an asic at that point it takes 1 year and a half, but ROI is still possible.

If the cost of electricity(*) exceeds the value of the mined BTCs you´ll never have ROI.

(*) There is no such thing as free lunch/electricity

smartass. the calculation was made with 0,31 usd/kwh. That is German standard and most countries will be lower than that.

And, just for the fun of it: with 0,15 usd/kwh which would be an US standard you get your ROI after 1 year.

hi, i pay in germany 0,29 €/kwh thats 0,385 $/kwh and this is one of the cheaper contracts in this region.

[genykm]

Ehh.. There only $0.031/kwh in Ukraine, but very possible problems with customs.

[Ytterbium]

The talk of closed btc loops is crazy. It shouldn't matter at all if you buy something with btc if the recipient cashes out immediately or not. If there is enough demand for bitcoins it won't hurt the price, if it drops the price then it means the price was too high.

The Canadian dollar is a strong world currency, sometimes at par with usd, sometimes above, sometimes below. Could you imagine if we had to keep Canadian dollars to keep the value high? We wouldn't have any electronics whatsoever. We wouldn't really have anything.

If trading our Canadian dollars for usd in order to buy pretty much anything caused the price of cad to plummet, we wouldn't have a cad dollar anymore.

We can trade back and forth between cad and other currencies because cad is known as a strong, stable currency and therefore there is always people ready to buy when there are people selling.

The closed loop idea is crazy, look at Argentina.

The closed loop means more people are able to buy everything they need in Bitcoin.  If we want bitcoin to work as a currency then we want people to be able to spend it directly, rather then selling it and then using currency.

Also, the price of a national currency like CAD is controlled by the central bank.  If the price of CAD starts to go down because people are spending it in the US then the central bank can do things like raise interest rates, and destroy excess currency decreasing the money supply and increasing the price.  On the other hand, if the price starts to go up to quickly, the central bank can print more.   Central banks print and destroy money in order to keep the price stable. 

Bitcoin doesn't have a central bank, it has a fixed supply. So holding it makes the price go up, while spending it rapidly makes the price go down, like with gold.

[erschiessen]

Does KnC accept btc as payment?
Much of my earnings will be saved for KNC GenII... after ROI, of course.
I do not like paying for 6 months of hosting up front.

Shit, they could keep the $ that I shelled out for expedited shipping as down payment toward hosting.

Bi-monthly payments would be better than 6 or 12 months out.

[ASIC-K]

Does KnC accept btc as payment?

Really?!

[robix]

Does KnC accept btc as payment?

Really?!

Yes, via bitpay.

[ASIC-K]

im just surprised anyone would ask this question, its clearly stated on the website....

jesus

[gateway]

Looks like avalon is sending out their batches now, one of the first big orders made it out, im going to be aug is going to see a huge increase in hash rate/diff.. I just hope KNC delivers early aug instead of the end..

https://bitcointalk.org/index.php?topic=177827.msg2790248#msg2790248

[Bitcoinorama]

Looks like avalon is sending out their batches now, one of the first big orders made it out, im going to be aug is going to see a huge increase in hash rate/diff.. I just hope KNC delivers early aug instead of the end..

https://bitcointalk.org/index.php?topic=177827.msg2790248#msg2790248

You mean September...