Swedish ASIC miner company kncminer.com

[alfabitcoin]

Anyone mining at Ghash.io?
I switched from Bitminter and the payout system looks different. At Bitminter you can set a threshold amount and when you reach it you get a payment. I set mine at 1BTC as I try to avoid dust (very small payments) payments).

But at Ghash.io you either have:
a manual payment with a 0.001 BTC fee, which I would rather avoid.
or auto payment with a 0.01 BTC threshold, which is considered dust.

But then it says:

When enabled - the system will auto-withdraw all funds according to the percentages, as soon as the balance reaches the threshold.

Auto-payouts are triggered once a day, at arbitrary time.

Payout threshold:  0.01

So maybe it will not send me 0.01 every time, but once a day whatever amount I have mined?

I'll tell ya, my comfort threshold for $ is a lot less than 1BTC.

Well I mine 1.13BTC a day currently, so I am OK at receiving 1 payment a day.
I could probably lower it, to something that is not considered dust.
0.1BTC too low?

You will receive once or somerimes twice pamants whatever you mine untill is triggered. To you as you mine more then 1 btc you wont get dust paymants.

[1714140127]

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[1714140127]

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[Searing]

Well, this discussion is probably in 100 threads elsewhere on this forum but what I was saying is that you are most likely going up against people now that are not risking much of their own money on getting miners.

I understand what you are saying, but if you are not doing stuff like 0% loans, or other way more shadier things then you might want to just hold your coins.  It isn't as fun, and you might not sleep thinking it all will crash if you aren't glued to the exchanges but things were just mildly changing last fall but the stakes are rising this year.

There is no guarantee bitcoin price will fly up another 10fold just because more money is being stuffed into mining.. there is a saturation point and as I said, someone else may have a 20% cost basis getting their new miners which means they can sell bitcoins far less than someone playing the game squarely

also, lots of old coins can slowly be sold to keep the prices from flying too high as well.


good luck, but any Oct KNC miners should count their winnings and see if they fit into the new game being played

Well that's precisely my point.  I'm not risking anything.  All of my new gear is purchased with mined BTC.  Ultimately I'd like to "mine and hold" someday.  But current ASIC development is just too exciting for me to stand on the sidelines and watch.

if you DON'T COUNT bfl shafting me 8k I'm 7k or so in on the oct Jupiter 556gh I have hashing....so knc wise got me out of the hole with bfl and then some ..35 coin by jan 1st from oct 18th mining on slush...I COULD cash out the 7k or even 15k of BTC and play with the remainder..but figure what the heck let it ride..(i was kinda bored before all this bitcoin stuff..not so much anymore heh) BFL was a shafting had nothing to do with BTC as a concept..so that is my take on all this....(I could change my mind) but for those with only 7k or so invested on juptier miner (in my boat) with KNC..in oct .and no other problems like BFL you are basically risking a decked out computer unit/bass boat/used motorcycle etc etc on the chance BTC will be used as a world wide transaction vehicle for sales of stuff etc...and btc price will not crash and likely go up...that is our bet in all this imho

it is 'speculation" don't spend what you can't lose... so to speak those 7k units from oct ..you could cash out..but then again.....it boils down to your risk/reward comfort level

but yeah future wise....any Jupiters that are released into the wild I'll have to think long on if I should get them...or just bet the Neptunes are out early as per KNC fashion say ...around 1st of april..but trying to guess ahead of time in all this is more then futile from what I've seen in all this stuff for the last 1/2 yr I've watched...

you can only judge this stuff as you go along....but ....I have a hard time believing  if  the present "postitive mostly" trends continue.....on how btc is being accepted...that it is all suddenly gonna blow up....so that is the bet most of us take ...get BTC while you can ...because if ebay/paypal decides to take this as a world wide method of exchange all "heck' is gonna break loose price rising imho ..so anyway price to possibility is what we are 'speculating on' imho

and if I'm wrong  well woulda/coulda bought a bass boat or 2nd car used (in my case pickup) ...what the heck.....showed some brass ones for once on a "speculative position"

but future miners ..yeah I'm in to 2 neptunes with my 2 other brothers...will I stick it out and not ask for a refund..only time/circumstances can tell on that

interesting times indeed!

by the by told some of my other friends what I've done so far...the consensus is I quote "you are stark raving mad" "cash out now I read about it ..its a scam" .....I fully expect to come home next week and see a full house/intervention to bend me from the cult if bitcoin (hey not kidding it is likely)

we will see (shoulda/coulda kept my mouth shut)..my bothers drank the Kool-Aid of bitcoin thou...of course if it don't work it will be back to the days of being duct taped to random objects...in my case...good to have symmetry in ones life...ah...will be back to my youthful childhood the smell of ductape and wedgies)

my 2c worth on this worthy if somewhat mad endeavor we are all involved in


Searing

[jelin1984]

 
i have problem with tuning setting advanced
at my miner

i can put in at settings

the knc miner status at advaned setting tell me that

fetch advanced
configuration/status
failed


so i can not put in at advanced settings for fix the voltage of my miner
how i can fix that?

[mmitech]

Guys, I do not want to go and look at all these pages, but can someone explain to me why there is a Jupiter that hashes at +650GH/s and the other one only 500GH/s ? is it overclocking ? or the hardware is not the same ?

and what do you think a fear fair price would be if I can get hold of one now (in BTC terms )?

[r1senfa17h]

Guys, I do not want to go and look at all these pages, but can someone explain to me why there is a Jupiter that hashes at +650GH/s and the other one only 500GH/s ? is it overclocking ? or the hardware is not the same ?

and what do you think a fear price would be if I can get hold of one now (in BTC terms )?

There have been two 'batches' of Jupiters released so far. The October batch hashes at about 550GH/s and the November batch hashes at about 650GH/s. Assuming you could get you hands on one of these within a week, here's what I estimate they could mine before the electric cost becomes more expensive than your mining revenue:

550GH/s October: 11.5 btc
650GH/s November: 13.5 btc

Which means you'll want to pay much less than that to guarantee a profit in terms of btc.

[Biffa]

i have problem with tuning setting advanced
at my miner

i can put in at settings

the knc miner status at advaned setting tell me that

fetch advanced
configuration/status
failed


so i can not put in at advanced settings for fix the voltage of my miner
how i can fix that?

Which model of miner do you have? October or November?

[jelin1984]

october jupiter

[r1senfa17h]

october jupiter

Clear your browser cache. I had the same problem.

[padrino]

i have problem with tuning setting advanced
at my miner

i can put in at settings

the knc miner status at advaned setting tell me that

fetch advanced
configuration/status
failed


so i can not put in at advanced settings for fix the voltage of my miner
how i can fix that?

Any chance you've installed bertmod? This is what happens when you are using it, at least on both of my Octobers..

In any case reboot, make your changes before adding bertmod..

[CYPER]

Guys, I do not want to go and look at all these pages, but can someone explain to me why there is a Jupiter that hashes at +650GH/s and the other one only 500GH/s ? is it overclocking ? or the hardware is not the same ?

and what do you think a fear price would be if I can get hold of one now (in BTC terms )?

The FEAR price. Be afraid, be very afraid 

[opentoe]

Most of the US households are not 240V and 200 Amps though.

Really?  I thought that was pretty standard.

I have a newly built 3 bedroom, two full bathroom house and it came with an 100amp panel. I also have central AC, washer, dryer, all that other stuff too, but the main panel is just 100 amps. 200 amps is if you have an extraordinary large house or have special requirements. It is certainly not the norm for a single family home in the US.

[RickJamesBTC]

Most of the US households are not 240V and 200 Amps though.

Really?  I thought that was pretty standard.

I have a newly built 3 bedroom, two full bathroom house and it came with an 100amp panel. I also have central AC, washer, dryer, all that other stuff too, but the main panel is just 100 amps. 200 amps is if you have an extraordinary large house or have special requirements. It is certainly not the norm for a single family home in the US.

No it really is. Your developer may have done that to lower costs, but a majority of construction will include 200 a service.

[opentoe]

W.r.t. Heat I had to share a hotel room with one of the nov boxes on to check it survived the flight. Fell asleep and woke up covered in sweat. I can't imagine what Cyphers house is like right now.

I also spent a night fixing dead boxes in the DC for the hosting on an occasion. October kit only, was a month or two back. In any case aside the monotonous hum. I had to take a break and grab water every hour. Even with aircon in the building it was hot hot hot.

24Kw in summer will just compound the heat...

EDIT: just saw what Bogart wrote as I posted. Most of the US households are not 240V and 200 Amps though.

Depends. That is actually the standard for single family dwellings and duplexes, since 1973. However, a lot of apartments now run 150 amp. 240v in is standard, to make it possible to run a dryer and a stove. A lot of mobile homes have a 100 amp service, and a few older aparments. The one I'm in is ten years old and an "economy" unit. (read low income housing). It's main is 125 amps/240v. That's kind of weird, actually, but I've seen it before. 150 is much more common in apartments built in the last thirty years, 100 before that. Most houses, unless really old or in the People's Republic of Pennsylvania, are 200amp/240v.

I should also note that upgrading a single family dwelling to a 300 amp service is easy and relatively cheap. By comparison to the price of your mining machines, it's damn near free. All told, if you do the work yourself, probably less than 500 dollars including inspection fees and the upgraded meter fee. Adding circuits can be difficult if you want to keep them concealed in walls, but if you were powering a shed or something like that, just run a line in a 24" to 36" trench to the shed and leave the inside wiring exposed. There's no added danger from this, and if you have neat hands it looks cool. It's also easy to just run a second line of service to an outbuilding.

The theory behind electrical load calculations and such is complicated and scary if you aren't an electrician or a mathematician. The actual mechanics of it are simple as hell.

I don't really think it is cheap. If you are all wired for 100 amps / 110v and want to switch or upgrade to 200+ amp and 240v then even your wires in the walls should be changed over to accommodate  and that is very expensive to do. Even though I have Central AC I did install a large 24BTU AC unit in one of my windows for extra cooling and have to take two breakers to make a 240v plug for it. That work itself, if I didn't do it myself would of cost me $300. And that was for just wiring one outlet not replacing anything at the panel. Maybe it is different in the more rural areas in the US. I don't know what other homes have, but as I said before my home is only about 10 years old or so and only has 100 amp panel.

[opentoe]

Where can I sign up for new newsletters?

I got the original upgrade modules email, never got Neptune even for existing customers,  never got this supposed new one.

Still furious about their disregard for pre existing customers. And now I can't even get damn updates.

I have always received their newsletters also...but did not on the last one. I checked my account and I'm on their email list. So their systems never sent out an email. Have to keep checking the site apparently.

[RickJamesBTC]

W.r.t. Heat I had to share a hotel room with one of the nov boxes on to check it survived the flight. Fell asleep and woke up covered in sweat. I can't imagine what Cyphers house is like right now.

I also spent a night fixing dead boxes in the DC for the hosting on an occasion. October kit only, was a month or two back. In any case aside the monotonous hum. I had to take a break and grab water every hour. Even with aircon in the building it was hot hot hot.

24Kw in summer will just compound the heat...

EDIT: just saw what Bogart wrote as I posted. Most of the US households are not 240V and 200 Amps though.

Depends. That is actually the standard for single family dwellings and duplexes, since 1973. However, a lot of apartments now run 150 amp. 240v in is standard, to make it possible to run a dryer and a stove. A lot of mobile homes have a 100 amp service, and a few older aparments. The one I'm in is ten years old and an "economy" unit. (read low income housing). It's main is 125 amps/240v. That's kind of weird, actually, but I've seen it before. 150 is much more common in apartments built in the last thirty years, 100 before that. Most houses, unless really old or in the People's Republic of Pennsylvania, are 200amp/240v.

I should also note that upgrading a single family dwelling to a 300 amp service is easy and relatively cheap. By comparison to the price of your mining machines, it's damn near free. All told, if you do the work yourself, probably less than 500 dollars including inspection fees and the upgraded meter fee. Adding circuits can be difficult if you want to keep them concealed in walls, but if you were powering a shed or something like that, just run a line in a 24" to 36" trench to the shed and leave the inside wiring exposed. There's no added danger from this, and if you have neat hands it looks cool. It's also easy to just run a second line of service to an outbuilding.

The theory behind electrical load calculations and such is complicated and scary if you aren't an electrician or a mathematician. The actual mechanics of it are simple as hell.

I don't really think it is cheap. If you are all wired for 100 amps / 110v and want to switch or upgrade to 200+ amp and 240v then even your wires in the walls should be changed over to accommodate  and that is very expensive to do. Even though I have Central AC I did install a large 24BTU AC unit in one of my windows for extra cooling and have to take two breakers to make a 240v plug for it. That work itself, if I didn't do it myself would of cost me $300. And that was for just wiring one outlet not replacing anything at the panel. Maybe it is different in the more rural areas in the US. I don't know what other homes have, but as I said before my home is only about 10 years old or so and only has 100 amp panel.

Yes, switching is expensive so they usually install the larger service drop and panel from the beginning. If you don't know about other houses, why would you think that your experience dictates the norm. Most have a larger panel, I do know about it.

[mmitech]

Guys, I do not want to go and look at all these pages, but can someone explain to me why there is a Jupiter that hashes at +650GH/s and the other one only 500GH/s ? is it overclocking ? or the hardware is not the same ?

and what do you think a fear price would be if I can get hold of one now (in BTC terms )?

The FEAR price. Be afraid, be very afraid 

  corrected

[opentoe]

Here's a blatant divergence from the thread.  What the author describes should be good for Bitcoin however.  He get annoyed at Happy New Years wishes and decries disasters that might befall the world and the US in the coming year.  When he gets to the US economy he postulates:

"  But even sooner than a nuclear disaster, we may be facing an even more critical economic disaster -- the catastrophic loss of the dollar’s unique position as the international reserve currency. This is imminent, according to leading economic and political analysts, and would trigger a total collapse of the U.S. banking system, generating explosive financial panic as we are subjected – not only to massive inflation – but also the immediate seizure by failing banks of all our deposits: checking accounts, savings accounts, Certificates of Deposit (CDs), money market funds, pensions, and any other liquid assets. Can failing banks really seize our money “just like that”? Yep, just like that. It is perfectly legal; the enabling “bail-in” laws have already been put on the books in the U.S. and Europe (did you sleep through that?).

 

And don’t think the FDIC  will protect your deposits up to the $250,000 limit promised by this agency. For when the failing banks seize your deposits, they will convert your money into stock in their failed institutions, rendering you “legally compensated” for your loss, and therefore not entitled to reimbursement  by the FDIC. Not that it will matter because, by that time, the FDIC will be bankrupt, since it has reserves of only $25 billion, whereas the seized deposits requiring compensation would likely exceed $25 trillion. And even if the FDIC could lay its hands on $25 trillion (fat chance, since this is nearly twice the entire Gross Domestic Product of the United States), another statute now  on the books, namely the Bankruptcy Reform Act of 2005, which was arm-twisted into law by Citigroup, JP Morgan, Chase,  Wells Fargo and the rest of the usual suspects (bet you slept through that, too), compels the FDIC to give preference to derivatives counter-parties over mere depositors like yourself, whose claims for reimbursement could exceed $600 trillion – or more than the GDP of the entire world economy. "

And this is why I constantly cash my money out of my accounts and then trade that money for gold. Put the gold into a safe in my home that isn't going anywhere. I'd rather have gold any day over real money. Let the US banks fall and crash. This country really needs a good restart. It is the banking industry that is killing this country to being with. They'll stop at nothing to keep their profits high and when they start losing just a little bit or make a little less profit they go crying like babies and threaten the people with dooms day bullshit. This country unfortunately is ran by greed, not capitalism. But then again, both are the same.

I look forward to the day. I'll just sit home with my Remington and watch some DVD's.

[Bitcoinorama]

I look forward to the day. I'll just sit home with my Remington and watch some DVD's.

Wha..? How hairy are you??!!

[joeventura]

I look forward to the day. I'll just sit home with my Remington and watch some DVD's.

Wha..? How hairy are you??!!

[Phoenix1969]

Most of the US households are not 240V and 200 Amps though.

Really?  I thought that was pretty standard.

I have a newly built 3 bedroom, two full bathroom house and it came with an 100amp panel. I also have central AC, washer, dryer, all that other stuff too, but the main panel is just 100 amps. 200 amps is if you have an extraordinary large house or have special requirements. It is certainly not the norm for a single family home in the US.

200 amp service in Hawaii is by request, (very popular), but not standard... and costs nothing extra if done at the time of original installation.
almost all commercial installs are 200 amp, and maybe 10% of residents....
all you should need to convert/upgrade is another box installed(service panel), and your electric company to install a transformer on your pole.(1 call)
(providing your electrical contractor didn't skimp on the service wire)
it costed me 120 dollars to go from 100 to 200 amp service, installing the panel myself.

... and I also have the option of installing multiple service lines.