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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3049439 times)
dwdoc
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October 01, 2013, 01:39:55 AM
 #12361


So what day 1/2/3 orders are shipping soon, and did they bump the hash rate up or something?  Was it just Jupiter orders that got free upgrades or Saturn as well?


Free upgrades? You mean higher hashrate than projected? Obviously the Mercury has one chip, Saturn two chips and Jupiter 4 chips so they all are all approx. 40% higher than projected. Nothing has shipped yet as far as we know.
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ecliptic
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October 01, 2013, 01:41:08 AM
 #12362

the only way to win is to bet on all horses
Try that at the track and see how well it works. Smiley
Don't take metaphors so literally
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October 01, 2013, 01:42:48 AM
 #12363


So what day 1/2/3 orders are shipping soon, and did they bump the hash rate up or something?  Was it just Jupiter orders that got free upgrades or Saturn as well?


Free upgrades? You mean higher hashrate than projected? Obviously the Mercury has one chip, Saturn two chips and Jupiter 4 chips so they all are higher. Nothing has shipped yet as far as we know.
I guess?  I didn't step foot in this thread since months ago, since i knew literally nothing good would come of it, but now that they're shipping I thought i'd check in, and apparently people are saying the units have been bumped up in hashing power compared to what was listed when orders were placed months ago?
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October 01, 2013, 01:43:30 AM
 #12364

This is from their twitter 4 hrs ago:

KNC Miner ‏@kncminer 4h
Jupiter speed now at 596
r1senfa17h
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October 01, 2013, 01:44:58 AM
 #12365

Why not talk about something of interest instead of bs? For example to kick start a more interesting conversation. Most here I gather are interested in making money on bitcoins. So, do we have a good product anywhere? I'd say no. And what would be a decent product? One that takes seriously the difficulty rate. Has anyone noticed the amount of bs in the bitcoin calculators? None take into account the most important factor: difficulty ratio! You plug your hash speed and they all spew ROI in so many days/weeks/months. What a bunch of crap! No difficulty into consideration at all. So, what is a good product? One that allows us to add on as difficulty increases. Is anyone producing these? Of course not. Why not? And why do I say of course not?... there, now someone else add something to this conversation which is quite a propos.

Really? I've seen plenty. Check this one out for instance.

1N3o5Kyvb4iECiJ3WKScKY8xTVXxf1hMvA
Syke
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October 01, 2013, 01:45:24 AM
 #12366

This is from their twitter 4 hrs ago:

KNC Miner ‏@kncminer 4h
Jupiter speed now at 596

And this is from the actual mining:

Quote
3 hours   474.37 Gh/s

Buy & Hold
rolling
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October 01, 2013, 01:50:20 AM
 #12367

This is from their twitter 4 hrs ago:

KNC Miner ‏@kncminer 4h
Jupiter speed now at 596

And this is from the actual mining:

Quote
3 hours   474.37 Gh/s


Could be tuning another unit.
Loredo
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October 01, 2013, 01:54:06 AM
 #12368

the only way to win is to bet on all horses
Try that at the track and see how well it works. Smiley
Yeah, funny how that 15% house take gives you back 0.85 for every 1.00 you bet.  There are successful pari-mutual methods, though.  See Epstein's Theory of Gambling and Statistical Logic (Academic Press) for references.
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October 01, 2013, 01:54:30 AM
 #12369

You know what's scary? People who pre-ordered kncminer gear seem to have basically won the lottery. There was no particular reason to think kncminer was more likely to succeed than many of the others who have attempted to make ASIC miners, and many fail. It looks like kncminer will deliver on time, or very very close to that, and well over specifications. And yet, it's unlikely that many of those who pre-ordered will ever mine as many Bitcoins as they paid for their miners, after the cost of electricity is deducted.

It's simple economics. If mining is particularly profitable, then more people will mine. This will continue until mining is not particularly profitable.
the only way to win is to bet on all horses

that being said, holy fuck, what the fucking shit, 620 fucking pages of shitposting?  thank god i avoided this shitfest of a thread

So what day 1/2/3 orders are shipping soon, and did they bump the hash rate up or something?  Was it just Jupiter orders that got free upgrades or Saturn as well?

with this kind of info gathering, no wonder you have to bet on all horses... there was a lot of good intel going on in the early stages of KNC and to the victor, goes the spoils  Lips sealed

~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
Loredo
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October 01, 2013, 01:55:31 AM
 #12370

This is from their twitter 4 hrs ago:

KNC Miner ‏@kncminer 4h
Jupiter speed now at 596

And this is from the actual mining:

Quote
3 hours   474.37 Gh/s


Could be tuning another unit.
<trolling>Could be a hundred Jally's that they bought on ebay with pre-order funds, too. </trolling>
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October 01, 2013, 01:57:09 AM
 #12371

One last thing to mention, and since the naysayers have to fall back to the "won't NOI" sour grapes position, it's sort of on topic here. 

That is, how bogus all the linear or constant-growth exponential calculators are, and why only a troll or fool would quote, let alone believe, those results.

There's a function used in mathematical biology modeling named the Gompertz function.  It's got a rich literature, and a pretty useful Wiki page. 

Basically, say you have a fixed food supply in a fixed space for a single-cell population.  The population will start to grow, at a faster and faster rate, reaching a maximum growth rate, and then, as food for any individual becomes relatively scarce with the increasing competition from growing population, growth slows and ultimately flatlines until there are changes in the external conditions, or mutations with the population that give a new strain a (temporary) competitive advantage.

If that doesn't sound like bitcoin mining to you, maybe you're in the wrong racket.

Somebody ought to produce a calculator that entails Gompertz parameter estimation (which are functions of power consumption, absolute hardware costs, etc.) to give people a chance to estimate the real economics, instead of calculations which have (I'm exaggerating here) more petahash on line in 2015 than there are gigawatts of electricity to power the network. 

I know, for a fact, that some exist.  Just not yet, it seems, in the public space.   
erk
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October 01, 2013, 01:58:28 AM
 #12372

My prediction is that KNCminer are going to double the current net hash over the next few weeks depending on how fast the couriers are to get the boxes out to people. It will be interesting to see what the mining calculators have to say about that when it happens, bet they didn't see that coming. Then add to that what the other ASIC vendors ship, and October is going to be a crazy month.


Beta-coiner1
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October 01, 2013, 01:58:31 AM
 #12373

Lol@Laredo,but honestly KNC did a really good job and you can see by their communications and the fact they still accept credit cards and paypal,lol.I think they set the standard for how an ASIC company should act.

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October 01, 2013, 01:59:44 AM
 #12374

Lol@Laredo,but honestly KNC did a really good job and you can see by their communications and the fact they still accept credit cards and paypal,lol.I think they set the standard for how an ASIC company should act.
+1


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Ytterbium
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October 01, 2013, 02:00:01 AM
 #12375

So what, it's not hard to get a spike on a pool, just use a few machines with the same user ID.

What I want to see is what the Jupiter will do at a normal 1-2% HW error rate like other ASICs.

Who cares what you want?  It doesn't matter what the error rate is, what matters is the overall hashrate.

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October 01, 2013, 02:03:03 AM
 #12376

Orama:

Can the miner be upgraded via USB or only via JTAG?
It's almost midnight in Sweden. Let them go have a beer and I'm sure q&a can wait until tomorrow.

Just as long as they deliver some units so I can win my bitbet!

(Well, technically the bitbet doesn't say what timezone...)

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October 01, 2013, 02:04:33 AM
 #12377

Orama:

Can the miner be upgraded via USB or only via JTAG?
It's almost midnight in Sweden. Let them go have a beer and I'm sure q&a can wait until tomorrow.

Just as long as they deliver some units so I can win my bitbet!

(Well, technically the bitbet doesn't say what timezone...)

i think the bitbet is over dude....i lost too. lol
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October 01, 2013, 02:08:47 AM
 #12378

So far we've only seen a prototype...  Bitfury still took a few weeks from the prototype boards to mass production boards, so I wouldn't be surprised if we didn't see en masse shipping for a little while.  It'll be interesting to see how fast KnC gets these out, I'm always dubious until I see people on the forum getting their products.

If they do begin shipping massive quantities immediately, I'm really curious if they'll pull an "Avalon" and crank the price of their devices once they realize demand is outstripping supply.

Mostly I'm happy to see competition -- because the customers will be the ones winning in the end once these companies start trying to murder each other in sales.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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October 01, 2013, 02:08:59 AM
 #12379

This is from their twitter 4 hrs ago:

KNC Miner ‏@kncminer 4h
Jupiter speed now at 596

And this is from the actual mining:

Quote
3 hours   474.37 Gh/s


I was just looking at this one which may be very close to reality today @ 2.6% diff increase per day (1.026^30=116%/month):  http://www.coinish.com/calc/#
Mind you the diff rate itself is increasing...

It is a carrot on a stick. Those who are making the rigs are the ones making money. Mining is interesting but not terribly worth it at the current BTC value. If it ever jumps closer to 1,000 USD in the very near future then it would become interesting. May even be worth keeping the rig around.
 
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October 01, 2013, 02:22:27 AM
 #12380

Does this mean the Saturn will have improved speeds also? I keep hearing about the Jupiter.

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