Swedish ASIC miner company kncminer.com

[crumbs]

...
And for the meat-challanged: If you slaughter a cow, the meat gains in worth over time, since beef gains worth if it is well hung. Some even say it is best if it is hung over a longer period.  Like with bitcoins

Eww?
The best way to make beef tender?  Beat your meat.

Actually, part of the grading process is how long it was aged. Fresh slaughtered beef is much less tender and more bland tasting than aged beef. The longer it's aged, the higher the grade. I actually liked your analogy, though, just because I have worked with cattle (the bovine sort as opposed to the the two legged sort) and quickly came to realize that most of a cow's value is after it's dead That being said, it's unlikely that these devices will stop working that quickly. If they make breakeven, then the diff would have to continue to skyrocket for well over a year even by that ridiculous 66 percent per month increase before the electrical cost outstripped the income to a detrimental degree. And that also assumes that bitcoiin remains stable or declines in value. Over the term we have been able to observe, neither condition seems likely.

No one is arguing that mining is a bad investment if miners break even.  It's the likelihood that miners *won't* break even that bugs us.  Sixty-six percent a month is *nothing* compared to the difficulty growth now -- the difficulty growth is ONE HUNDRED AND TEN percent (110%) for the last month, 208% for 60 days and 441% for 90 days.  Sixty-six percent would be *nice*.

Of course, i can't convince you with numbers, charts or logic.  As the saying goes, rational arguments never convinced anyone.

[timmmers]

Risking flak, an analysis I've been doing is how badly the thing is going for me compared with buying BTC Jun the 3rd when I placed my order. Putting european average VAT, Jun 3 exchange rate from mtgox (for buy BTC VS buy miner scenario) and present difficulty from the 700+ TH/s:

http://mining.thegenesisblock.com/a/d0a309b862

It would look worse with bitstamp or so exchange rate and this is with 100% uptime.

I really hope KNC will over deliver. Right now we are still exposed to continued difficulty increase risks. Risking further flak (sorry, this is real money for me and I really need to re-asses all possibilities) can anyone of the refunders please post how fast they got their refund?

Adjust that to 450 from 400 and things change radically (and the way KnC are talking we could be seeing closer to 500). That's looking like it may be the real picture. I'd say although you may need the money you'd be wise to think hard about jumping ship when exchange rates and hash rate of the rigs could rise and the projected difficulty shown on that calculator are so pessimistic long term (see many wise posts about the unlikelyhood of it rising so much ).

We're always exposed to difficulty risks, it's a risky game to play. Even buying BTC could wipe you out. That's why the rewards can be so good.

[justanickname]

Adjust that to 450 from 400 and things change radically (and the way KnC are talking we could be seeing closer to 500). That's looking like it may be the real picture. I'd say although you may need the money you'd be wise to think hard about jumping ship when exchange rates and hash rate of the rigs could rise and the projected difficulty shown on that calculator are so pessimistic long term (see many wise posts about the unlikelyhood of it rising so much ).

We're always exposed to difficulty risks, it's a risky game to play. Even buying BTC could wipe you out. That's why the rewards can be so good.

KNC wrote: "greater than 30% performance increase " that is more than 520 for a jupiter.

It's strange to me that this  announcement was almost completely ignored here!

[bbxx]

Adjust that to 450 from 400 and things change radically (and the way KnC are talking we could be seeing closer to 500). That's looking like it may be the real picture. I'd say although you may need the money you'd be wise to think hard about jumping ship when exchange rates and hash rate of the rigs could rise and the projected difficulty shown on that calculator are so pessimistic long term (see many wise posts about the unlikelyhood of it rising so much ).

We're always exposed to difficulty risks, it's a risky game to play. Even buying BTC could wipe you out. That's why the rewards can be so good.

KNC wrote: "greater than 30% performance increase " that is more than 520 for a jupiter.

It's strange to me that this  announcement was almost completely ignored here!

320*1.3 =~ 433 not 520

Roi in 2020

[Miner538]

Adjust that to 450 from 400 and things change radically (and the way KnC are talking we could be seeing closer to 500). That's looking like it may be the real picture. I'd say although you may need the money you'd be wise to think hard about jumping ship when exchange rates and hash rate of the rigs could rise and the projected difficulty shown on that calculator are so pessimistic long term (see many wise posts about the unlikelyhood of it rising so much ).

We're always exposed to difficulty risks, it's a risky game to play. Even buying BTC could wipe you out. That's why the rewards can be so good.

KNC wrote: "greater than 30% performance increase " that is more than 520 for a jupiter.

It's strange to me that this  announcement was almost completely ignored here!

Probably because you cannot depend on these figures as an real fact. If costumers have products in hand and would post these findings then yes it would be a hot topic, but for now 400 Ghs is what we know you have in hand when deliverd to you.

[nightengale]

320*1.3 =~ 433 not 520

Roi in 2020

Where on earth did these numbers come from? Looks like you need to read a little more before posting...

[justanickname]

Adjust that to 450 from 400 and things change radically (and the way KnC are talking we could be seeing closer to 500). That's looking like it may be the real picture. I'd say although you may need the money you'd be wise to think hard about jumping ship when exchange rates and hash rate of the rigs could rise and the projected difficulty shown on that calculator are so pessimistic long term (see many wise posts about the unlikelyhood of it rising so much ).

We're always exposed to difficulty risks, it's a risky game to play. Even buying BTC could wipe you out. That's why the rewards can be so good.

KNC wrote: "greater than 30% performance increase " that is more than 520 for a jupiter.

It's strange to me that this  announcement was almost completely ignored here!

320*1.3 =~ 433 not 520

Roi in 2020

Why 320?

[fragout]

777 th/s network now. 270th/s rise in one week wtf is all this coming from??? At least the price of btc is rising

[Bitcoinorama]

777 th/s network now. 270th/s rise in one week wtf is all this coming from??? At least the price of btc is rising

Bitfury, or blackmarket Bitsyncom.

[jelin1984]

Come On knc protect the network with stop delivered miner at December and leave the other companies to f... The network

[bbxx]

Adjust that to 450 from 400 and things change radically (and the way KnC are talking we could be seeing closer to 500). That's looking like it may be the real picture. I'd say although you may need the money you'd be wise to think hard about jumping ship when exchange rates and hash rate of the rigs could rise and the projected difficulty shown on that calculator are so pessimistic long term (see many wise posts about the unlikelyhood of it rising so much ).

We're always exposed to difficulty risks, it's a risky game to play. Even buying BTC could wipe you out. That's why the rewards can be so good.

KNC wrote: "greater than 30% performance increase " that is more than 520 for a jupiter.

It's strange to me that this  announcement was almost completely ignored here!

320*1.3 =~ 433 not 520

Roi in 2020

Why 320?

Becouse the base declared performance was 320, when they introduced jupiters...
Then they said that it will be more, 400
Now they say that it could  be more than 320->400 (25%), 30%

[jelin1984]

520 is
400*0.30+400=520

[jelin1984]

Go knc go go go

[bbxx]

Come On knc protect the network with stop delivered miner at December and leave the other companies to f... The network

In november jupiter will earn 30%, then 15%, 7, 3.5, 1.5 and you will turn off.
Or worse.

No one wants buy my bitfury shares and knc shares (september ones)
People are not stupid

[bbxx]

520 is
400*0.30+400=520

Change base clock to 320, not 400

[bbxx]

Come On knc protect the network with stop delivered miner at December and leave the other companies to f... The network

In november jupiter will earn 30%, then 15%, 7, 3.5, 1.5 and you will turn off.
Or worse.

No one wants buy my bitfury shares and knc shares (september ones)
People are not stupid

People may not be, but you surely are.

Yes i am stupid, i bought jupiter shares from order 5x

[DPoS]

I don't buy miners in BTC, I buy them in USD. If I make more USD than I paid I have a positive return.

But you'll have more USD if you just buy the BTC and hold them. Why do you want less USD?

Don't waste your time Syke.  He is locked into a fiat mind-set, and doesn't understand that a miner's purpose is to generate more BTC than it cost in BTC... otherwise, just buy the BTC directly and come out way ahead.

So you can easily buy $14,000 or more bitcoin on credit card?  0% interest with 1% cash back?  There are more angles than you seem to present

[titomane]

520 is
400*0.30+400=520

Change base clock to 320, not 400

Why do you insist on 320? The first was 350/175Ghs hashrate. After minimum guarantee 400/200Ghs is now promising an increase of 30%.
Even if the increase was about 350, would be 455.


P.D
It is quite clear because no one buys their 3Ghs bitfury by 3BTC. Because one AM Blade costs a little more and has 4 times more hashrate

[alfabitcoin]

520 is
400*0.30+400=520

Change base clock to 320, not 400

Why do you insist on 320? The first was 350/175Ghs hashrate. After minimum guarantee 400/200Ghs is now promising an increase of 30%.
Even if the increase was about 350, would be 455.


P.D
It is quite clear because no one buys their 3Ghs bitfury by 3BTC. Because one AM Blade costs a little more and has 4 times more hashrate

Bitfury 3ghs chip cost 1btc not 3btc. And there are meant as sample for dev designing the miners for chips shedule for october delivery or later.

edit
sorry, now i see you were refering to bbxx auction, please disregeard my post.

[bbxx]

4btc for 12ghs
Nobody wants them.

I can afford jupiter, but it was too risky for me to buy one and pray for roi.
I prefer investing in shares, jd investments, other asic hardware.