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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3049511 times)
sickpig
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October 01, 2013, 11:07:55 AM
 #12501

I'm just saying but looking at mining genesis for a Saturn and Jupiter right now speaks volumes concerning profit. Tongue

No it doesn't. 91% difficulty increase/month is too low, 100-120% is a more realistic figure. And KNC miners won't start mining at the current difficulty of 148.8M, perhaps a day or two at most for the early birds. Also once KNC miners start hashing you can expect a very steep difficulty ramp up in the next couple of weeks.

because of this

http://www.youtube.com/watch?feature=player_detailpage&v=CiQRxJuoRR8#t=25

843W at the wall

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
FeedbackLoop
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October 01, 2013, 11:08:49 AM
 #12502

The final hashrate of the Jupiter will be the number of pages on this thread when the first customer posts pics.

600watt
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October 01, 2013, 11:13:12 AM
 #12503

The final hashrate of the Jupiter will be the number of pages on this thread when the first customer posts pics.



and what kind of feedbackloop would that be ?
dwdoc
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October 01, 2013, 11:20:12 AM
 #12504

The final hashrate of the Jupiter will be the number of pages on this thread when the first customer posts pics.



If that's true we should buy our miner from Labcoin!

https://bitcointalk.org/index.php?topic=263445.0
crumbs
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October 01, 2013, 11:29:50 AM
 #12505

Congrats everyone rooting for KNC.
Can someone give me a TL;DR on the 780 GH/sec rate?  Is it one miner?
vesperwillow
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October 01, 2013, 11:31:54 AM
 #12506

Well this was a pretty fun catchup to read this morning. Congrats to the KNC team, this is really exciting. I haven't bought any KNC equipment, I'm just really psyched to see them pull this off. Looks like my 600GH tipoff from 20 pages back was accurate too! Smiley I like when my predictions are accurate lol.

Hashrate is about to double. That makes a 600GH/s miner then as fast (profitable) as a 300GH/s miner now. Fun times!
You should really stop quoting the sockpuppet trolls - Kuroth, Eve, Vigil, Xialia, crumbs....

The number of KNC units sold is huge... huge.. 5 digits huge. It's not unlikely we will see an instantaneous diff change if these things ship out in droves. Double? Who knows, but we're finally entering one of the straightaway upward points on my difficulty prediction chart. To say it would be ongoing would be false, but to doubt the possibility of it drastically increasing/doubling would be a wager I wouldn't place.

These are my numbers for a Jupiter assuming 550GH, no pool fees and 100% uptime. Also original investment of 66BTC PSU+VAT+Shipping (might be less for some), for the next 13 difficulty adjustments (~6 months), assuming you start hashing in 2 days.
In my Spanish excel "," equals "." and dates are in this format "day/month/year"
The % increase per difficulty adjustments I obviously pulled out of my ass, but I think they are consistent with the "several thousand" machines that KNC claim to have already sold, the 500TH friedcat announced for October and bitfurys. I think Hashrate will climb fast to around 3PH and then % increases will slow down, notice how by the beginning of next year we will be aroud 7PH which I think is very plausible.
The break even line is original investment+operating costs.

It looks tight.


I like the visual presentation; I would warn you that you're skewing your results favorably. Factor in a 10% variance for real-life/oh-crap situations and you'll have the most realistic numbers possible. Instead of 550, run it at 495.

And what about the 5V connector.

Should I buy a 230V to 5V DC converter?


This was discussed before. I'd predicted they would use a connector from the PSU since it already provides 5v. In the video, the only cables running from the Jupiter were the PSU power cord and a cat5 cable. I would suspect my theory is correct in that the PSU is providing the 5v--though I'm sure they'll let us know for sure once things ship.

I never believed they would pull it off on such tight timetable, I figured at least a few weeks delays was a given.  Im surprised, and impressed.

Now for the bad news for KnC customers: if KnC can do it, its at least plausible that Hashfast, Bitmine, Cointerra, ActM and what have you, can also do it (yeah, Im skipping BFL). I never thought their timetables where any more credible than KnC's, but thats changed now.  Now look up DnT's spreadsheet with the avalanche of chips coming, and the current ecstasy may not last very long. This could become an even more crazy autumn than I thought possible, and waaay crazier than thegenesisblock suggests.

I wouldn't say it's so much 'bad news' per-sé as it is that by the time these other units ship, KNC owners will have mined the majority of what their systems will mine without loss for its lifetime. It's not as if all these OEMs are shipping at once, it's going to come in waves. My bet is on the bold ones to be seen as the next major players, especially the latter as it has some high-level well-known engineers. I know some folks have some fears, but I suppose we'll see.

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October 01, 2013, 11:35:21 AM
 #12507

the only way to win is to bet on all horses

If all the options produce less Bitcoins than they cost to buy and run, then the only way to win is ... not to play.

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kano
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October 01, 2013, 11:41:35 AM
 #12508

April 08 to Sep 30 is 4 months? Right. It's 5.75 months ... anyone got their September delivery yet?

If it wasn't cgminer, I'd wonder about the hash rate being correct ...
... except ... the driver can get it wrong easily enough.
They should have displayed 2^32 * A / Elapsed after about an hour ... hopefully they do run for an hour Smiley ...
... unless they don't know how cgminer works ... oh right they only wrote a 1 or 2k line driver, they probably didn't know about the rest of the other 40k+ lines of code in there ...

Pool: https://kano.is - low 0.5% fee PPLNS 3 Days - Most reliable Solo with ONLY 0.5% fee   Bitcointalk thread: Forum
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Cablez
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October 01, 2013, 11:44:42 AM
 #12509

the only way to win is to bet on all horses

If all the options produce less Bitcoins than they cost to buy and run, then the only way to win is ... not to play.

Finally, someone who gets it.  Just wait until all the blood is spilled in the streets and then eek out a small profit.  Not a huge win but more guaranteed than this.

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
whisper
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October 01, 2013, 11:46:35 AM
 #12510

vesperwillow
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October 01, 2013, 11:50:28 AM
 #12511

April 08 to Sep 30 is 4 months? Right. It's 5.75 months ... anyone got their September delivery yet?

If it wasn't cgminer, I'd wonder about the hash rate being correct ...
... except ... the driver can get it wrong easily enough.
They should have displayed 2^32 * A / Elapsed after about an hour ... hopefully they do run for an hour Smiley ...
... unless they don't know how cgminer works ... oh right they only wrote a 1 or 2k line driver, they probably didn't know about the rest of the other 40k+ lines of code in there ...

I doubt they would provide official numbers on a product they're going to release which would then be heavily scrutinized against said numbers, without verifying their data so they don't end up with a foot in their mouth.


Bitcoinorama
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October 01, 2013, 11:50:54 AM
 #12512

http://www.youtube.com/watch?v=N-D-qqGPnUg

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
Tigggger
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October 01, 2013, 11:53:06 AM
 #12513


This video is currently being processed.... you tease Smiley

Edit: Finished, very quiet will make a nice change from the jet engined avalon

el_rlee
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October 01, 2013, 11:57:37 AM
 #12514

Is the price on the website including VAT?
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October 01, 2013, 11:57:57 AM
 #12515

You're lucky, 'Orama.  If I tried that with a camera, not only would I end up bustnig blades off all the fans, the camera would end up being ruined, metal parts of the lens would spray all over the boards, and everything would go up in smoke...
vesperwillow
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October 01, 2013, 12:01:57 PM
 #12516

You're lucky, 'Orama.  If I tried that with a camera, not only would I end up bustnig blades off all the fans, the camera would end up being ruined, too...

LOL.. I had something similar happen this past week, dropped a screwdriver, it bounced lateral into an open-faced fan, broke off a blade at 5,000rpm.. which was not fun.

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October 01, 2013, 12:03:24 PM
 #12517

But it's fun to watch them after that happens - they act kind of like a washing machine that's out of balance - they start walking your gear across the floor and making funny fwoop fwoop sounds....
camu6
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October 01, 2013, 12:03:35 PM
 #12518


Damn, my computer is louder than that.

I am monitoring http://www.eligius.st/~wizkid057/newstats/userstats.php/17Czc8RVL3FU5T2MLx2zLbRnpfBNgH9vFo right now.

The tweaks done, seem to boost up the hashing power quit impressively.

Can you elaborate on this?

Is it a single Jupiter or do we see combined hashing here?
Frequency
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October 01, 2013, 12:05:34 PM
 #12519

Is the price on the website including VAT?


Nope, when you go through the order proces the VAT will be added in the end... every country has its own VAT % i guess..thats why..

 Wink

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October 01, 2013, 12:06:32 PM
 #12520

April 08 to Sep 30 is 4 months? Right. It's 5.75 months ... anyone got their September delivery yet?

If it wasn't cgminer, I'd wonder about the hash rate being correct ...
... except ... the driver can get it wrong easily enough.
They should have displayed 2^32 * A / Elapsed after about an hour ... hopefully they do run for an hour Smiley ...
... unless they don't know how cgminer works ... oh right they only wrote a 1 or 2k line driver, they probably didn't know about the rest of the other 40k+ lines of code in there ...

I doubt they would provide official numbers on a product they're going to release which would then be heavily scrutinized against said numbers, without verifying their data so they don't end up with a foot in their mouth.

No idea, but we've seen a lot of this happen ...
I guess we'll find out when someone finally gets one and reports the numbers.

Pool: https://kano.is - low 0.5% fee PPLNS 3 Days - Most reliable Solo with ONLY 0.5% fee   Bitcointalk thread: Forum
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The ONLY active original developer of cgminer. Original master git: https://github.com/kanoi/cgminer
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