Swedish ASIC miner company kncminer.com

[bobsmoke]

Out of curiosity. Is there someone among the dudes that preordered neptunes, that has done an actual estimation for difficulty and ROI?

History has proven its a fruitless excercise.

very very rough estimation without evidence to proof it...just gut feeling:

4.2K Thera - Neptune 1st Batch (1200 Neptunes)
1k Thera -  Bitmine (estimation I dont know how many machines they sold out)
2k Theras - Hashfast  (500 Theras just for IceDrill group...no idea how many machines each batch)
2k Theras - Cointerra (no idea how many machines each batch)
---------------------
9.2 P Hashes at least in the next 6 months

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[timmmers]

People with their finances in order don't leave large amounts sitting doing fuck all when it should be earning interest or working for them no matter what that ignoramus just said.

most previous customers have mined more than 10BTC..  many well over that.   Many have kept their BTC in a wallet as BTC itself was 'working for them' or at least still $$ in an exchange so they can easily buy back BTC when need be.

On your other point, you really wanted them to basically call up everyone one by one on the modules?? how long would that take?  Everyone was already a bit mad that they waited to make a few more and ship all at once instead of just ship what they had right away.

3 days on the Neptunes showed that KNC priced it a bit better than the modules so they didn't short change themselves. If they were $8000 they would of sold out in 10 mins


 

Previous customers with a day 1 Jupiter may have mined 10 BTC but maybe they remember when they paid..when a Jup cost them about 70 BTC which is far from a victory whichever way you look at it...and they had the sense to want to not use BTC this time ?

 I didn't want a phone call...a fucking email would have been nice though. 1st I heard was on this forum, hours after the things were sold. I bought a KNC machine mainly based on it's ability to be upgraded, which simply wasn't true for the vast majority of customers because the upgrades either can't be bought, or won't be compatible...even the Nov stuff isn't. 
As for the Neps, wasn't this a loyalty thank you thing ? The special price (or ability to buy one at all)? IF so, why allow greedy bastards to abuse that and buy 10? Instead of limiting to 2 or 3 each and restocking the cart when they had gone ..day 1 and day 2 orders...where did I remember that from? That way more of their loyal customers could have got a share of that loyalty payback.

People so easily forget that a Jupiter may be mining BTC a grand more valuable than when paid for, but the price in BTC is still not likely to be recovered. 70BTC = 70000 dollars plus now. Why the hell would someone use BTC to buy a rig after that lesson? You'd have to be some special kind of thicko.

[The Avenger]

People so easily forget that a Jupiter may be mining BTC a grand more valuable than when paid for, but the price in BTC is still not likely to be recovered. 70BTC = 70000 dollars plus now. Why the hell would someone use BTC to buy a rig after that lesson? You'd have to be some special kind of thicko.

People don't like to be told this. When I mentioned the other day that pre-ordering bitcoin hardware for delivery 7 months from now was stupidity, people got pissed.

Some people clawed back 20+BTC and are going to double down and spend most of that on another machine for delivery quite possibly 7 months from now? It does take a "special kind of thicko" to think this is a brilliant investment. Glad I'm out of the buying hardware game, I spend enough hours working to get my knc pos to hash stably.

[itod]

People so easily forget that a Jupiter may be mining BTC a grand more valuable than when paid for, but the price in BTC is still not likely to be recovered. 70BTC = 70000 dollars plus now. Why the hell would someone use BTC to buy a rig after that lesson? You'd have to be some special kind of thicko.

It's mind boggling, but commonly seen here. Bought Jupiter for 60 BTC. Mined 10. Sold for 15. Sum = -35 BTC. Profit!

[The Avenger]

People so easily forget that a Jupiter may be mining BTC a grand more valuable than when paid for, but the price in BTC is still not likely to be recovered. 70BTC = 70000 dollars plus now. Why the hell would someone use BTC to buy a rig after that lesson? You'd have to be some special kind of thicko.

It's mind boggling, but commonly seen here. Bought Jupiter for 60 BTC. Mined 10. Sold for 15. Sum = -35 BTC. Profit!

lol

[helmax]

kncminer is bad in that point
ask always bitoins dont let us use money like euro or dollar

[DPoS]

People so easily forget that a Jupiter may be mining BTC a grand more valuable than when paid for, but the price in BTC is still not likely to be recovered. 70BTC = 70000 dollars plus now. Why the hell would someone use BTC to buy a rig after that lesson? You'd have to be some special kind of thicko.

It's mind boggling, but commonly seen here. Bought Jupiter for 60 BTC. Mined 10. Sold for 15. Sum = -35 BTC. Profit!

I got my jupiters oct 9th...  I did get two expansion modules..  I am ~70 BTC mined.   I passed on Neptunes since it wasn't a slam dunk and might be a hassle running them...but it was a good deal for us.

And as many know I bought mine with 0% credit so BTC in <> BTC out doesn't apply to me anyway..it would only be figurative, not literal in any sense.

[lkthomas]

People so easily forget that a Jupiter may be mining BTC a grand more valuable than when paid for, but the price in BTC is still not likely to be recovered. 70BTC = 70000 dollars plus now. Why the hell would someone use BTC to buy a rig after that lesson? You'd have to be some special kind of thicko.

It's mind boggling, but commonly seen here. Bought Jupiter for 60 BTC. Mined 10. Sold for 15. Sum = -35 BTC. Profit!

I got my jupiters oct 9th...  I did get two expansion modules..  I am ~70 BTC mined.   I passed on Neptunes since it wasn't a slam dunk and might be a hassle running them...but it was a good deal for us.

And as many know I bought mine with 0% credit so BTC in <> BTC out doesn't apply to me anyway..it would only be figurative, not literal in any sense.

I think many of you didn't account for Bitcoin price rise recently. Put the mined coins into storage for a while, then sell it, they might start to see where is the profit come from.

[Puppet]

It's mind boggling, but commonly seen here. Bought Jupiter for 60 BTC. Mined 10. Sold for 15. Sum = -35 BTC. Profit!

Exactly. But they will claim its a dollar investment that returns dollar, without acknowledging their ROI is almost 100% dependent on bitcoin exchange rate, just like a direct investment in bitcoin which has been infinitely more profitable. Maybe if BTC exchange rate crashes they will get it?

[itod]

It's mind boggling, but commonly seen here. Bought Jupiter for 60 BTC. Mined 10. Sold for 15. Sum = -35 BTC. Profit!

Exactly. But they will claim its a dollar investment that returns dollar, without acknowledging their ROI is almost 100% dependent on bitcoin exchange rate, just like a direct investment in bitcoin which has been infinitely more profitable. Maybe if BTC exchange rate crashes they will get it?

“There are two kinds of secrets; the ones we keep from others and the ones we hide from ourselves.”
― Eye Tears

[jonoiv]

Can anyone point me at a guide for solo mining with a kncminer? 

thanks in advance.

[DPoS]

It's mind boggling, but commonly seen here. Bought Jupiter for 60 BTC. Mined 10. Sold for 15. Sum = -35 BTC. Profit!

Exactly. But they will claim its a dollar investment that returns dollar, without acknowledging their ROI is almost 100% dependent on bitcoin exchange rate, just like a direct investment in bitcoin which has been infinitely more profitable. Maybe if BTC exchange rate crashes they will get it?

You are quite the simpleton.  You ignore any of the many situations that aren't in line with your basic mentality.

 What's your target sell price of all the BTC stash that you own?   Since you remind everyone to buy constantly, you must have quite the stash correct?
Or you just one of those armchair quarterbacks that never made it on the field?

 

[Puppet]

What's your target sell price of all the BTC stash that you own?   Since you remind everyone to buy constantly, you must have quite the stash correct?
Or you just one of those armchair quarterbacks that never made it on the field?

 

I dont see why this is relevant, but if you are curious, I dont have a target price, I have a target date. Ive been selling small amounts of my stash over the past 2 years and I will continue to sell ever smaller amounts over the next 3 years at which point I intend to still hold about 50% of my original stash. The size of that is not your concern.

[Gyrsur]

Can anyone point me at a guide for solo mining with a kncminer? 

thanks in advance.

I found this here: http://millybitcoin.com/how-do-i-set-up-solo-bitcoin-mining/ (https://bitcointalk.org/index.php?topic=158105.0)

would appreciate to join the discussion here: https://bitcointalk.org/index.php?topic=352287

[The Avenger]

Can anyone point me at a guide for solo mining with a kncminer? 

thanks in advance.

I found this here: http://millybitcoin.com/how-do-i-set-up-solo-bitcoin-mining/ (https://bitcointalk.org/index.php?topic=158105.0)

would appreciate to join the discussion here: https://bitcointalk.org/index.php?topic=352287

Not much to discuss really.
Asic = fast.
Using windows? Not possible to solo mine with jupiter.
Linux? Use eloipool. Not noob friendly.

There has been discussion in this thread and other threads, but the above is more or less the conclusion.

[jonoiv]

Can anyone point me at a guide for solo mining with a kncminer?  

thanks in advance.

I found this here: http://millybitcoin.com/how-do-i-set-up-solo-bitcoin-mining/ (https://bitcointalk.org/index.php?topic=158105.0)

would appreciate to join the discussion here: https://bitcointalk.org/index.php?topic=352287

Thank you, I should have been more specific.  I mean I can solo mine no probs with GPU setup, edit the coin.conf file in the roaming folder, with your rpc port, username and password, then just launch the coin client in windows via cmd with the option -server.  Then use cgminer with the "local host" as the pool 0, + 1 or 2 failsafe pools that aslo act to get blockwork and keep the solo mining efficient.  Just do this in the conf file similar to below.

{
"pools" : [
   {
      "url" : "http://127.0.0.1:12345",
      "user" : "myusername.worker",
      "pass" : "1234"
   },
   {
      "url" : "stratum+tcp://coinotron.com:3334",
      "user" : "myusername.worker",
      "pass" : "1234"
   },
   {
      "url" : "stratum+tcp://ltcmine.ru:3333",
      "user" : "myusername.worker",
      "pass" : "1234"
   }
]
,


This however is only valid on a machine that is running as the host!  I can't point to a local host server on the KnCminer as it's a different DHCP device.

What I need to know is, how can i point my KnC to my server (the coin client running in server mode).  I was thinking...  just

      "url" : "http://192.168.0.5:12345",  (IP of the PC with the Client running as the server)
      "user" : "myusername.worker",
      "pass" : "1234"

And in the conf file in roaming just RPC allow 192.168.x.x

But I want to know if anyone has experience.  Or if ckolivas knows, as hes the genius that wrote cgminer.    

[Gyrsur]

Can anyone point me at a guide for solo mining with a kncminer?  

thanks in advance.

I found this here: http://millybitcoin.com/how-do-i-set-up-solo-bitcoin-mining/ (https://bitcointalk.org/index.php?topic=158105.0)

would appreciate to join the discussion here: https://bitcointalk.org/index.php?topic=352287

Not much to discuss really.
Asic = fast.
Using windows? Not possible to solo mine with jupiter.
Linux? Use eloipool. Not noob friendly.

There has been discussion in this thread and other threads, but the above is more or less the conclusion.

thank you! this initiated thread should not just animate to discuss about the technical aspect of solo-mining also to discuss about the social aspect of solo-mining (fear of too few income with too few luck, experience with solo-mining, etc.). My impression (also to speak for myself) is miners receive their ASIC miner and are too lazy to think about solo-mining because it's so easy to plugin to a pool but the better income result can be reached with solo-mining. and on top of this we also would much more support the decentralized character of Bitcoin mining as the concept was in early days until pools showed up.

[scotjam]

People so easily forget that a Jupiter may be mining BTC a grand more valuable than when paid for, but the price in BTC is still not likely to be recovered. 70BTC = 70000 dollars plus now. Why the hell would someone use BTC to buy a rig after that lesson? You'd have to be some special kind of thicko.

It's mind boggling, but commonly seen here. Bought Jupiter for 60 BTC. Mined 10. Sold for 15. Sum = -35 BTC. Profit!

I've come to recognise that from a pure ROI perspective it's really hard to beat just buying and owning BTC. Bitcoin is inherently deflationary.

[PenAndPaper]

Out of curiosity. Is there someone among the dudes that preordered neptunes, that has done an actual estimation for difficulty and ROI?

History has proven its a fruitless excercise.

very very rough estimation without evidence to proof it...just gut feeling:

4.2K Thera - Neptune 1st Batch (1200 Neptunes)
1k Thera -  Bitmine (estimation I dont know how many machines they sold out)
2k Theras - Hashfast  (500 Theras just for IceDrill group...no idea how many machines each batch)
2k Theras - Cointerra (no idea how many machines each batch)
---------------------
9.2 P Hashes at least in the next 6 months

You should add Bfl and blackarrow to those numbers and the casual rise of the difficulty as well.
In any case after those estimations you decided that it's worth to buy a neptune for 10k?

[kitcut]

I'm order Naptune on 28th.
But, it's automatically cancelled.
Why this?