Swedish ASIC miner company kncminer.com

[amencon]

I'm in Chicago, about a mile west of Wrigley Field. I just checked my power bill.

For ENERGY CHARGE it says 1161 kWh x 0.05589 = $64.89

For DELIVERY AND TAXES they charge me             $60.21

For a grand total of...........                               $125.10

Also Chicago northsider *wave*

520 kWh X 0.05650  = $29.38
delivery/taxes/other = $32.26
----------------
Total: $61.64


Would love to know why taxes cost more than the service, ever.

Yeah it's stupid.  I have a small apartment complex and for a month of service in a vacant unit I've been charged a few bucks for the electricity and then 10-20x that for taxes and "other" charges.  It's funny to see half a page of charges for a unit that's barely had a switch flipped the whole month.

[sbfree]

Could this recent spike in the Hash Rate be KNC testing units??

Under promise over deliver EARLY?? or just my wishful thinking??

https://blockchain.info/charts/hash-rate

[Mota]

Could this recent spike in the Hash Rate be KNC testing units??

Under promise over deliver EARLY?? or just my wishful thinking??

https://blockchain.info/charts/hash-rate

wishful thinking. That's bitfury's 140 something TH

[sbfree]

I figured it was Bitfury.......

anyone know where you input your mining info. on the KNC WEBSITE? Thanks.

[aerobatic]

Could this recent spike in the Hash Rate be KNC testing units??

Under promise over deliver EARLY?? or just my wishful thinking??

https://blockchain.info/charts/hash-rate

I agree with the others, this is BitFury ramping up (and maybe a little BFL).  KnC probably wont switch on their first chip til later this month, days before we get ours !  (fingers crossed)

-- Jez

[Xialla]

anyone know where you input your mining info. on the KNC WEBSITE? Thanks.

My account - Common information

[Bitcoinorama]

Could this recent spike in the Hash Rate be KNC testing units??

Under promise over deliver EARLY?? or just my wishful thinking??

https://blockchain.info/charts/hash-rate

I agree with the others, this is BitFury ramping up (and maybe a little BFL).  KnC probably wont switch on their first chip til later this month, days before we get ours !  (fingers crossed)

-- Jez

Jes, KnC's will be a large spike if they are planning on shipping the orders to date so quick. There won't be any uncertainty when they test/ship. As they are aiming to manufacture and ship in volume, not trickle. It will just be two weeks of solid spike, then a levelling, until Nov/Dec.

[noodle73]

It's going to be horrific and fascinating at the same time watching the effect on the network - I'm seeing the last 10 minutes of "The Perfect Storm", directors bitcoin cut.

[djcoin]

https://www.kncminer.com/news/news-34

Today, we have a few announcements to make;

Firstly, our orders for September delivery are now closed. If any refunds occur, any devices that become available will be added as, and when, on the KnCMiner site. So for those keen to secure a device for the preliminary deliveries please keep a look out. They will be sold on a first come first served basis and be added to the end of the September/October queue.

In addition there are a number of individuals that think they can pay their way into preferential order queue positions for September delivery. We absolutely do not sell out the back door. We want to stress;

Our order queue is sacred.

We will not make an exception to anybody. First paid, first served (aside the very beginning 500 customers who were positioned in order of interest). Again please no more emails, or calls asking us to break this rule, it’s not happening.

 

FOURM

Finally, our forum is now live, with another competition!

Please find it at the following link;

https://forum.kncminer.com/forum

You can register and secure your usernames immediately, again, first come, first served, and remember; please be kind to one another!

Thanks,

Forum is down for me

Edit: non https link works

http://forum.kncminer.com/forum

[plasmoske]

The Fourm. It is known.

LOL I actually discovered it few hours back because they had uploaded the banner before they posted the news. 

[klee]

Could this recent spike in the Hash Rate be KNC testing units??

Under promise over deliver EARLY?? or just my wishful thinking??

https://blockchain.info/charts/hash-rate

I agree with the others, this is BitFury ramping up (and maybe a little BFL).  KnC probably wont switch on their first chip til later this month, days before we get ours !  (fingers crossed)

-- Jez

Jes, KnC's will be a large spike if they are planning on shipping the orders to date so quick. There won't be any uncertainty when they test/ship. As they are aiming to manufacture and ship in volume, not trickle. It will just be two weeks of solid spike, then a levelling, until Nov/Dec.

What trade strategy will you follow? Regarding selling the coins you mine...

[DPoS]

BFL is already advertising Monarch on their forums...

[Miner538]

I would keep ALL the coins that i mine, and buy stuff i need.

Thats how you support the community of BTC in 2 way's : you mine and buy with BTC

Profits will decline eventually so be wise on how you spend it.

There will be another crash if you believe the reason why most people intend to mine in the first place
So they can retire from work (hahahaha) al those calculators (except for the gen.block)
Promise amounts of money most people won't ever get close to.

This is how i would do it, wait for the NEXT big crash, wait untill it gets back up on a decent USD/BTC price again
And maybe then sell some, but i have high hopes for the long run (10 y or so) so i would still keep some.

(Btw all the investments i made, i did that with spare money i wouldnt care if i would lose, so im already happy with any income on BTC)

[Bitcoinorama]

Could this recent spike in the Hash Rate be KNC testing units??

Under promise over deliver EARLY?? or just my wishful thinking??

https://blockchain.info/charts/hash-rate

I agree with the others, this is BitFury ramping up (and maybe a little BFL).  KnC probably wont switch on their first chip til later this month, days before we get ours !  (fingers crossed)

-- Jez

Jes, KnC's will be a large spike if they are planning on shipping the orders to date so quick. There won't be any uncertainty when they test/ship. As they are aiming to manufacture and ship in volume, not trickle. It will just be two weeks of solid spike, then a levelling, until Nov/Dec.

What trade strategy will you follow? Regarding selling the coins you mine...

I personally see as the network hashrate increases massively, the ease of undermining the network reduces significantly. Thus as the network becomes more secure and inpenetrable to attack, the price gradually rises. I think we're on an steady upward trend now as we have broken away from the psychological $100 and reaffirm a more confident psychological €100 (which is precisely where we are right now). Media will become more poisitive and then hopefully more people realise there is greater profit in innovating the payment process regarding mainstream adoption. Exchanges still remain the weak link and we need a mutual regularatory stance there before the currency can increase liquidity significantly, but these are all positives to come, as well will be private equity pouring in for the currency. All this needs to be approached with care, but i'm not concerned about selling coins personally. Manipulation may occur from time to time, but ceratinly no where near the same as within holding shares in a company, where insider trading is rampant. Obviously this isn't the case everywhere, but corruption is a massive tempetaion as co. managers speak to fund managers, and it's a releif an organic currency such as Bitcoin is free of that temptation to a greater extent.

[demonmaestro]

I would keep ALL the coins that i mine, and buy stuff i need.

Thats how you support the community of BTC in 2 way's : you mine and buy with BTC

Profits will decline eventually so be wise on how you spend it.

There will be another crash if you believe the reason why most people intend to mine in the first place
So they can retire from work (hahahaha) al those calculators (except for the gen.block)
Promise amounts of money most people won't ever get close to.

This is how i would do it, wait for the NEXT big crash, wait untill it gets back up on a decent USD/BTC price again
And maybe then sell some, but i have high hopes for the long run (10 y or so) so i would still keep some.

(Btw all the investments i made, i did that with spare money i wouldnt care if i would lose, so im already happy with any income on BTC)

i like your thinking

[klee]

Could this recent spike in the Hash Rate be KNC testing units??

Under promise over deliver EARLY?? or just my wishful thinking??

https://blockchain.info/charts/hash-rate

I agree with the others, this is BitFury ramping up (and maybe a little BFL).  KnC probably wont switch on their first chip til later this month, days before we get ours !  (fingers crossed)

-- Jez

Jes, KnC's will be a large spike if they are planning on shipping the orders to date so quick. There won't be any uncertainty when they test/ship. As they are aiming to manufacture and ship in volume, not trickle. It will just be two weeks of solid spike, then a levelling, until Nov/Dec.

What trade strategy will you follow? Regarding selling the coins you mine...

I personally see as the network hashrate increases massively, the ease of undermining the network reduces significantly. Thus as the network becomes more secure and inpenetrable to attack, the price gradually rises. I think we're on an steady upward trend now as we have broken away from the psychological $100 and reaffirm a more confident psychological €100 (which is precisely where we are right now). Media will become more poisitive and then hopefully more people realise there is greater profit in innovating the payment process regarding mainstream adoption. Exchanges still remain the weak link and we need a mutual regularatory stance there before the currency can increase liquidity significantly, but these are all positives to come, as well will be private equity pouring in for the currency. All this needs to be approached with care, but i'm not concerned about selling coins personally. Manipulation may occur from time to time, but ceratinly no where near the same as within holding shares in a company, where insider trading is rampant. Obviously this isn't the case everywhere, but corruption is a massive tempetaion as co. managers speak to fund managers, and it's a releif an organic currency such as Bitcoin is free of that temptation to a greater extent.

So basically you are holding and not selling like crazy to ROI I suppose!

I am buying btw in case anyone is interested (bitpay.com/bitcoin-exchange-rates)

[timmmers]

I would keep ALL the coins that i mine, and buy stuff i need.

Thats how you support the community of BTC in 2 way's : you mine and buy with BTC

Profits will decline eventually so be wise on how you spend it.

There will be another crash if you believe the reason why most people intend to mine in the first place
So they can retire from work (hahahaha) al those calculators (except for the gen.block)
Promise amounts of money most people won't ever get close to.

This is how i would do it, wait for the NEXT big crash, wait untill it gets back up on a decent USD/BTC price again
And maybe then sell some, but i have high hopes for the long run (10 y or so) so i would still keep some.

(Btw all the investments i made, i did that with spare money i wouldnt care if i would lose, so im already happy with any income on BTC)

If that's not the most sensible post so far it's definitely top ten.

[Miner538]

I would keep ALL the coins that i mine, and buy stuff i need.

Thats how you support the community of BTC in 2 way's : you mine and buy with BTC

Profits will decline eventually so be wise on how you spend it.

There will be another crash if you believe the reason why most people intend to mine in the first place
So they can retire from work (hahahaha) al those calculators (except for the gen.block)
Promise amounts of money most people won't ever get close to.

This is how i would do it, wait for the NEXT big crash, wait untill it gets back up on a decent USD/BTC price again
And maybe then sell some, but i have high hopes for the long run (10 y or so) so i would still keep some.

(Btw all the investments i made, i did that with spare money i wouldnt care if i would lose, so im already happy with any income on BTC)

If that's not the most sensible post so far it's definitely top ten.

Thank you! I hope some people can benefit from it, I sure will! 

[timmmers]

Ahh, now we know for sure they are hand assembling the rigs. I little surprised TBH but in the new forum sticker competition post it says :-

Why a 25 cm circle? Speed of manufacture is everything in the Bitcoin mining game; you want to make use of your mining devices as soon as possible, as do we. There is little point designing graphics that take time to position with absolute accuracy, so we need to limit the load on our assembly staff.

So there we go.

[sickpig]

Ahh, now we know for sure they are hand assembling the rigs. I little surprised TBH but in the new forum sticker competition post it says :-

I thought the same when I read it.