Swedish ASIC miner company kncminer.com

[klee]

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! 

How did you buy the miners? Bitcoins?

[1714983023]

1714983023

[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.

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)

Nah mate, same with GPUs, all this ROI stuff is nonsense. I believe you will FWIW, but w.r.t. GPU mining it was never about instant ROI, it was about mining Bitcoin with a belief it would be adoptd as an alternative currency to corrupted fiat printed into worthless paper. The long term belief of GPU mining was that Bircoin's value and your mined coins would rise, never instant gratification, that's just a recent development with calculators pushed by Butterfly Labs and Bitsyncom touting ASICS as life changing money printers, lol...

[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)

Nah mate, same with GPUs, all this ROI stuff is nonsense. I believe you will FWIW, but w.r.t. GPU mining it was never about instant ROI, it was about mining Bitcoin with a belief it would be adoptd as an alternative currency to corrupted fiat printed into worthless paper. The long term belief of GPU mining was that Bircoin's value and your mined coins would rise, never instant gratification, that's just a recent development with calculators pushed by Butterfly Labs and Bitsyncom touting ASICS as life changing money printers, lol...

I still mine alts with gpus - mainly anoncoin. I hold most of them because I have free electricity connections in various places

I know what you mean I am heavily disappointed by the situation and I really think the last customers that will enjoy some profit (before it becomes only affordable by big players) would be the first KnC customers (and current Bitfury ones).

[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! 

How did you buy the miners? Bitcoins?

No bought them in EUR, i bought some ADDICTION (171) shares in BTC Though

I needed to start somewhere

[Mota]

I sold both my kidneys as collateral for 10 miners

[oser41eric]

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 sold my only house and auctioned off my children with a buyback clause at 10% premium to buy my miners.

KnC Better deliver on time (Do it for the children)

The preorder thing is a big gamble. But how could you have chance for big profit without willing to risk a lot - seems fair

[Beta-coiner1]

I have a serious question,since KNC is not shipping with a PSU unit will it be externally or internally placed?

[WastedLTC]

I have a serious question,since KNC is not shipping with a PSU unit will it be externally or internally placed?

External

[Kuroth]

Tick Tock Tick Tock..  Hickory dickory Doc..


Break Even Period:   86 days   Total Fixed Costs:   $5150
Max Profit:   $932 (May-14) - 18.1%   Monthly Power Costs:   $69.1


Month   Difficulty (MM)   Time per
Block (days)   Monthly Revenue   Monthly
Profit   Cumulative
Return
Nov-13   272   34   $2,910   $2,840   $(2,310)
Dec-13   482   60   $1,640   $1,570   $(734)
Jan-14   853   106   $929   $860   $125
Feb-14   1510   188   $525   $456   $581
Mar-14   2673   332   $296   $227   $808
Apr-14   4731   588   $168   $98   $907
May-14   8374   1041   $95   $26   $932
Jun-14   14823   1842   $54   $-16   $917
Jul-14   26236   3261   $30   $-39   $878
Aug-14   46438   5771   $17   $-52   $826
Sep-14   82196   10215   $10   $-60   $766
Oct-14   145486   18081   $5   $-64   $7

[DeathAndTaxes]

Yup 145 billion difficulty.  That seems highly likely.

[mtminer]

Yup 145 billion difficulty.  That seems highly likely.

Tick Tock Tick Tock..  Hickory dickory Doc..


Break Even Period:   86 days   Total Fixed Costs:   $5150
Max Profit:   $932 (May-14) - 18.1%   Monthly Power Costs:   $69.1


Month   Difficulty (MM)   Time per
Block (days)   Monthly Revenue   Monthly
Profit   Cumulative
Return
Nov-13   272   34   $2,910   $2,840   $(2,310)
Dec-13   482   60   $1,640   $1,570   $(734)
Jan-14   853   106   $929   $860   $125
Feb-14   1510   188   $525   $456   $581
Mar-14   2673   332   $296   $227   $808
Apr-14   4731   588   $168   $98   $907
May-14   8374   1041   $95   $26   $932
Jun-14   14823   1842   $54   $-16   $917
Jul-14   26236   3261   $30   $-39   $878
Aug-14   46438   5771   $17   $-52   $826
Sep-14   82196   10215   $10   $-60   $766
Oct-14   145486   18081   $5   $-64   $7

loooooooooooooooooooooool

1.5 Billion Difficulty in Feb -  12/PH
2.6 Billion Difficulty in March - 20.8/PH
4.7 Billion Difficulty in April - 37.6/PH

12PH is relational to 30,000 Jupiters
20.8PH is relational to 52,000 Jupiters
37.6PH is relational to 94,000 Jupiters.

If it would help you understand how stupid you are I would draw you a picture and use crayons.

Its only ~  470 million USD. I am sure the forum warriors have that as pocket change.

[Kuroth]

Yup 145 billion difficulty.  That seems highly likely.

Tick Tock Tick Tock..  Hickory dickory Doc..


Break Even Period:   86 days   Total Fixed Costs:   $5150
Max Profit:   $932 (May-14) - 18.1%   Monthly Power Costs:   $69.1


Month   Difficulty (MM)   Time per
Block (days)   Monthly Revenue   Monthly
Profit   Cumulative
Return
Nov-13   272   34   $2,910   $2,840   $(2,310)
Dec-13   482   60   $1,640   $1,570   $(734)
Jan-14   853   106   $929   $860   $125
Feb-14   1510   188   $525   $456   $581
Mar-14   2673   332   $296   $227   $808
Apr-14   4731   588   $168   $98   $907
May-14   8374   1041   $95   $26   $932
Jun-14   14823   1842   $54   $-16   $917
Jul-14   26236   3261   $30   $-39   $878
Aug-14   46438   5771   $17   $-52   $826
Sep-14   82196   10215   $10   $-60   $766
Oct-14   145486   18081   $5   $-64   $7

loooooooooooooooooooooool

1.5 Billion Difficulty in Feb -  12/PH
2.6 Billion Difficulty in March - 20.8/PH
4.7 Billion Difficulty in April - 37.6/PH

12PH is relational to 30,000 Jupiters
20.8PH is relational to 52,000 Jupiters
37.6PH is relational to 94,000 Jupiters.

If it would help you understand how stupid you are I would draw you a picture and use crayons.

Its only ~  470 million USD. I am sure the forum warriors have that as pocket change.

Yea I am sure it will slow down once the 17 other ASIC makers start releasing their modles in Aug(Already) Sept, Oct, and Nov.

But you should be able to buy you a box or two of crayons with your profit..  Maybe not 3 boxes..  

[timmmers]

Yup 145 billion difficulty.  That seems highly likely.

Tick Tock Tick Tock..  Hickory dickory Doc..


Break Even Period:   86 days   Total Fixed Costs:   $5150
Max Profit:   $932 (May-14) - 18.1%   Monthly Power Costs:   $69.1


Month   Difficulty (MM)   Time per
Block (days)   Monthly Revenue   Monthly
Profit   Cumulative
Return
Nov-13   272   34   $2,910   $2,840   $(2,310)
Dec-13   482   60   $1,640   $1,570   $(734)
Jan-14   853   106   $929   $860   $125
Feb-14   1510   188   $525   $456   $581
Mar-14   2673   332   $296   $227   $808
Apr-14   4731   588   $168   $98   $907
May-14   8374   1041   $95   $26   $932
Jun-14   14823   1842   $54   $-16   $917
Jul-14   26236   3261   $30   $-39   $878
Aug-14   46438   5771   $17   $-52   $826
Sep-14   82196   10215   $10   $-60   $766
Oct-14   145486   18081   $5   $-64   $7

loooooooooooooooooooooool

1.5 Billion Difficulty in Feb -  12/PH
2.6 Billion Difficulty in March - 20.8/PH
4.7 Billion Difficulty in April - 37.6/PH

12PH is relational to 30,000 Jupiters
20.8PH is relational to 52,000 Jupiters
37.6PH is relational to 94,000 Jupiters.

If it would help you understand how stupid you are I would draw you a picture and use crayons.

Its only ~  470 million USD. I am sure the forum warriors have that as pocket change.

Yea I am sure it will slow down once the 17 other ASIC makers start releasing their modles in Aug(Already) Sept, Oct, and Nov.

But you should be able to buy you a box or two of crayons with your profit..  Maybe not 3 boxes..  

So. YOu're saying that there's other manufaturers, and that the hashrate will rise a lot? Wow. Who knew?
Oh wait...everybody, that's who.

[600watt]

[/quote]

loooooooooooooooooooooool

1.5 Billion Difficulty in Feb -  12/PH
2.6 Billion Difficulty in March - 20.8/PH
4.7 Billion Difficulty in April - 37.6/PH

12PH is relational to 30,000 Jupiters
20.8PH is relational to 52,000 Jupiters
37.6PH is relational to 94,000 Jupiters.


[/quote]


they sold 94 000 jupiters ? 1!!?

[Vedran Yoweri]

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

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,

Nice idea, but.
2/3 of my ignore list is already there, and there's no ignore button.

[Dreadmand]

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

The spike was caused by Bitfury as others has said. KNC most likely will be using our pool information from our accounts when they test our units. Just monitor the forum for post from any of those Day 1 and 2 orders. They will be the first to see activity in their pools if KNC does this

[Phoenix1969]

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

Simply represents yesterday's diffchange, nothing more.
See ya in the Forum...

[-Redacted-]

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

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,

Nice idea, but.
2/3 of my ignore list is already there, and there's no ignore button.

LOL. 

I can't connect - just get a "waiting for proxy tunnel" message and nothing happens even after waiting 5 minutes.

[sickpig]

https://www.kncminer.com/news/news-35

[Phoenix1969]

http://forum.kncminer.com/forum




use this link instead