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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3049438 times)
monsieur
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November 25, 2013, 11:58:07 PM
 #23281

if they use bit pay only again and sell out in 3 minutes. I'm coming to sweden and burning down their offices

If they make it BTC-only payment, I'm out. Those few btcs that I mined is enough for me (considering it gets to $40k/btc at some point  Cheesy).
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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November 25, 2013, 11:58:17 PM
 #23282

if they use bit pay only again and sell out in 3 minutes. I'm coming to sweden and burning down their offices
Black helicopters in 5, 4, 3, 2...
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November 26, 2013, 12:01:08 AM
 #23283

if they use bit pay only again and sell out in 3 minutes. I'm coming to sweden and burning down their offices
Black helicopters in 5, 4, 3, 2...

Haha, nope im in canada. No NSA bullshit...
btc_uzr
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November 26, 2013, 12:02:32 AM
 #23284

if they use bit pay only again and sell out in 3 minutes. I'm coming to sweden and burning down their offices

GIVE US MORE HARDWARE !!!



 Cheesy the image posted in October came to my mind, had to repost it

..and Thou shalt spread the coin in the name of cryptography for eternity
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November 26, 2013, 12:08:24 AM
Last edit: November 26, 2013, 12:35:14 AM by btc_uzr
 #23285

Call it what you will, I'm "All In" with KNC, re-investing every bit that comes in as fast as it is possible here at KNC, but that's me...   I fully agree with Winlevoss when they valuate BTC @ 40grand plus a coin within a couple years.... my numbers actually say much higher.

Then you're far better off simply buying BTC instead of a risky miner purchase. You're almost guaranteed to make a better return.
You are probably right, but I love mining....
We also love pushing diff up too so we can keep earning less.

Exactly. Pretty much a vicious circle, isn't it?

It's missing that new ones get attracted by current profits.
Due to this more and more start mining and we get less and less % of the growing network.
Now you have to get more hardware to remain the share, then new guys see how much profit you make and join the game...

Each day there are at least some hundred new miners going online worldwide I assume - sure most with old eBay USBMiners, and GPU on altcoins...but they sum up over time.
Know some on my own, so there must be more out there..

Not forget about the blades, the cube and similar entry level products

..and Thou shalt spread the coin in the name of cryptography for eternity
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November 26, 2013, 12:11:27 AM
 #23286

if they use bit pay only again and sell out in 3 minutes. I'm coming to sweden and burning down their offices

If they make it BTC-only payment, I'm out.

Same here.  People will mine far less during gen2.  This next jump won't be mind-blowing I'm sure.  Not like the jump from FPGA to ASIC.  If they announce 50TH machines then I will stand corrected.
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November 26, 2013, 12:39:04 AM
 #23287

In fact if you bought BTC with what you paid for your miner, you would be much better off, except everyone seems to ignore this.

And folks that say this over and over always ignore the bigger elephant which is what is your target sell price?  

So, right now, say how much BTC you will buy today and how high you will wait to sell.   I don't remember anyone saying they were buying $14000 worth of BTC in June and holding until they were $800 each

What matters is how much more $$$ you end up with.  If you end up with more $$$ after only mining 60-80% of your BTC back since you end up selling at a later time than if you just bought btc and then had your weak hands shook, and only gained half of what you would of if you bought miners and mined..

talk about that side of reality.. the human element


so in summary, the people who keep repeating this dogma of just buy btc instead of mining are the people that don't want anyone else to mine...  game theory 101


~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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November 26, 2013, 12:50:21 AM
 #23288

if they use bit pay only again and sell out in 3 minutes. I'm coming to sweden and burning down their offices
Black helicopters in 5, 4, 3, 2...

This should clarify things.
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November 26, 2013, 12:55:58 AM
 #23289

In fact if you bought BTC with what you paid for your miner, you would be much better off, except everyone seems to ignore this.

And folks that say this over and over always ignore the bigger elephant which is what is your target sell price?  

So, right now, say how much BTC you will buy today and how high you will wait to sell.   I don't remember anyone saying they were buying $14000 worth of BTC in June and holding until they were $800 each

What matters is how much more $$$ you end up with.  If you end up with more $$$ after only mining 60-80% of your BTC back since you end up selling at a later time than if you just bought btc and then had your weak hands shook, and only gained half of what you would of if you bought miners and mined..

talk about that side of reality.. the human element


so in summary, the people who keep repeating this dogma of just buy btc instead of mining are the people that don't want anyone else to mine...  game theory 101



What i'm curious about is what people like kronut actually do. Do they buy and hold until a specific price? Do they just watch? What is the actual thought process and the actual facts because talking is always easy, but i consider that learning never stops and i'm always open for improving stuff.

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November 26, 2013, 01:02:25 AM
 #23290



What i'm curious about is what people like kronut actually do. Do they buy and hold until a specific price? Do they just watch? What is the actual thought process and the actual facts because talking is always easy, but i consider that learning never stops and i'm always open for improving stuff.

You'll see more and more new faces here that are mad that current KNC owners get first stab at buying Neptunes.

Since I am a KNC customer, I don't have to try to scare off anyone from KNC. If I want to buy a Neptune or two, I will be able to.

 They have to scare us off so some will be left for them to buy


~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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November 26, 2013, 01:04:07 AM
 #23291

Hello Jupiter Owners. (also other miners may pitch in as well)

Anyone got a Temperature reader/gun.

Any chance you could measure the Temperature of the PCI cables, seen another post for a Bitfury thingy where a PCI cable burnt out.

I have Just Measured mine, running at 28c, 30c , 35c , 40c. Measured where it connects to the Jupiter PCI-e extension cable.

Ambient Temp for the Room is 26c.

Cheers

C_C  

Mine are similar, 34-36°C but it might be dependent on the firmware you are running, also with the Bitfury miners they can be overclocked and pull alot more volts than at stock which might push a borderline psu cable beyond its capabilities.

When I made my first cables for my Merc I needed to splice a couple of PCI-E connectors, cut from video card test cable sold on ebay, to heavy wire that I would run to one or two power supplies.  I bought a 15 amp extension cord and cut pieces.  Figuring 15 amps should be heavy enough I found I could run the Merc on a single supply.  The lines were a little long and I had the 12v line bunched and tied.  I was running firmware 0.94 and drawing about 260 watts at the wall.  I happened to place my hand on the bunched 15 amp capable wire and it was quite warm.  I immediately put together a double 15 amp cable for the single module Merc and that was cool.  When I added a second module I again used a double cable but it was less necessary as I was now running 0.98.  Figure the one module was running 4x~50amps@.9v for 180watts, figure efficiency of the VRM in the high 80% so call them 88% efficient for 204½watts at 12volts plus there'd be something for the BBB and controller board which we'll discount, so 17amps@12volts - and it was a 15 amp extension cord.
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November 26, 2013, 01:18:31 AM
 #23292



What i'm curious about is what people like kronut actually do. Do they buy and hold until a specific price? Do they just watch? What is the actual thought process and the actual facts because talking is always easy, but i consider that learning never stops and i'm always open for improving stuff.

You'll see more and more new faces here that are mad that current KNC owners get first stab at buying Neptunes.

Since I am a KNC customer, I don't have to try to scare off anyone from KNC. If I want to buy a Neptune or two, I will be able to.

 They have to scare us off so some will be left for them to buy

I do own a Saturn that was upgraded to a Jupiter last week, so I am invested in this game (since gpu times even), it was a no brainer to buy the upgrade modules. I might even buy a Neptune if the numbers look good.

The thought process is fairly easy in my case, will I make more BTC by reinvesting them, or should I just hold onto my BTC? In this case, since the price went up 7-8x, I should have held my BTC.

Let's look at it from a different angle, if BTC was about $100, I would still be saying the same thing, I have not and most likely will not make back the amount of BTC that I purchased the miner with. Likewise for those who purchased with cash/CC, they would have had to make x BTC at a rate of $100 to break even. If that was the case, no one would have made their investment back in my opinion. People who paid with cash/cc just got lucky with the rise in BTC price.
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November 26, 2013, 02:59:12 AM
 #23293

20nm in 2014? Not only is that amazing, it's almost hard to believe. It would be beyond most current GPU OEM's specs.

pays to have a "chip maker" as a partner don't it...like bumping your production of chips to the head of the line (just saying)

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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November 26, 2013, 03:02:04 AM
 #23294

HashFast just updated their ToS.  It sounds very grim for customers.
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November 26, 2013, 03:02:17 AM
 #23295

if they use bit pay only again and sell out in 3 minutes. I'm coming to sweden and burning down their offices
Black helicopters in 5, 4, 3, 2...

Haha, nope im in canada. No NSA bullshit...

http://www.huffingtonpost.ca/2013/06/08/nsa-spying-canada_n_3408662.html

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Personal text my ass....


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November 26, 2013, 03:45:04 AM
 #23296

The order book will likely open either tomorrow, or in the coming days.

Not sure what you mean by what kind of refusal? In any case wait and see at the point of announcement.

Dare say it will be first come first served to previous customers for a designated period of time. I have no idea of there is a limit, or whether there's a reseller program. Though of there is please use the reseller link in my sig. Ta v.much Wink


Order book for what? We have zero tech specs on the devices, how many there will be and other companies are coming quicker and quicker to release all their hardware. One another competitor throw out his 1TG rig for $5k, KNC will have to tqake ALOT of money off their asking price of $7,000 or even higher. Once greed sets it it's almost impossible to control.


Need help with your Newznab usenet indexer? http://www.newznabforums.com
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Personal text my ass....


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November 26, 2013, 03:46:22 AM
 #23297

day 1/2 customers should have no advantage over the rest of October customers, in my opinion. Day 1/2 customers were compensated enough by receiving their miners early and mining more bitcoin.

We weren't compensated...that's just when the delivery dates were announced.

Need help with your Newznab usenet indexer? http://www.newznabforums.com
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November 26, 2013, 03:56:42 AM
 #23298

ditto... KNC should just cut the crap with that "early customer protection BS" and start manufacturing... unless it's just a shady excuse to protect their own mining income from rising difficulty...  Grin

day 1/2 customers should have no advantage over the rest of October customers, in my opinion. Day 1/2 customers were compensated enough by receiving their miners early and mining more bitcoin.

We weren't compensated...that's just when the delivery dates were announced.

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November 26, 2013, 04:24:37 AM
 #23299

The order book will likely open either tomorrow, or in the coming days.

Not sure what you mean by what kind of refusal? In any case wait and see at the point of announcement.

Dare say it will be first come first served to previous customers for a designated period of time. I have no idea of there is a limit, or whether there's a reseller program. Though of there is please use the reseller link in my sig. Ta v.much Wink


Order book for what? We have zero tech specs on the devices, how many there will be and other companies are coming quicker and quicker to release all their hardware. One another competitor throw out his 1TG rig for $5k, KNC will have to tqake ALOT of money off their asking price of $7,000 or even higher. Once greed sets it it's almost impossible to control.




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November 26, 2013, 04:50:10 AM
 #23300


The thought process is fairly easy in my case, will I make more BTC by reinvesting them, or should I just hold onto my BTC? In this case, since the price went up 7-8x, I should have held my BTC.



You assume you would keep those BTC through all the ups and downs of the market and not sell?  What if you bought BTC and sold when it went up 2x or 4x?

What if you did hold till it past 10x and then the next week it crashes to 2x?  Would you be on here saying you should of sold at 10x?


Is BTC going to go to $900,000 and we all should never ever sell ever ever?



~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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