Swedish ASIC miner company kncminer.com

[Phoenix1969]

@Merv77:
When you get your Neptune refund (in $), new Jupiters will be sold out (almost 100% if Knc announces today and starts selling tomorrow).
Do you want to do that?

Cheers,

.... Only a question of liquidity - Cash flow management is not a higher art....  

I think KnC will exactly face that problem - The second they offer Jupiters (which I doubt they will do) - they are going to face significant amount of Neptune refund requests. At least me - I would dump all my "somewhen" in Q1/Q2 Neptunes for "in-hand" Jupiters.

Jupiter is a proven product - Neptune not.

"From stock" means you won't have time.... good luck with that.

Old seasoned perma online grabber here - my Neptune order is close to yours (5-6 positions behind - wanted to pay with paypal mee - didnt work) - fast like a rabbit

I have no doubt on your ability friend...hehe
International bank transfers take time, and KNC actually getting to your refund request to process it takes much longer.
In which case, you can be Speedy Gonzalez, and have no effect..... other than missing the boat altogether!
(Some refund requests are weeks old right now)

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[de_ixie]

@Merv77:
When you get your Neptune refund (in $), new Jupiters will be sold out (almost 100% if Knc announces today and starts selling tomorrow).
Do you want to do that?

Cheers,

.... Only a question of liquidity - Cash flow management is not a higher art....  

I think KnC will exactly face that problem - The second they offer Jupiters (which I doubt they will do) - they are going to face significant amount of Neptune refund requests. At least me - I would dump all my "somewhen" in Q1/Q2 Neptunes for "in-hand" Jupiters.

Jupiter is a proven product - Neptune not.

"From stock" means you won't have time.... good luck with that.

Old seasoned perma online grabber here - my Neptune order is close to yours (5-6 positions behind - wanted to pay with paypal mee - didnt work) - fast like a rabbit

I have no doubt on your ability friend...hehe
International bank transfers take time, and getting to your refund request takes much longer.
In which case, you can be Speedy Gonzalez, and have no effect..... other than missing the boat altogether!

See edit above. You are right. Stay liquid. Doesnt matter how you do it. Just stay liquid an be prepared

[r1senfa17h]

@Merv77:
When you get your Neptune refund (in $), new Jupiters will be sold out (almost 100% if Knc announces today and starts selling tomorrow).
Do you want to do that?

Cheers,

.... Only a question of liquidity - Cash flow management is not a higher art....  

I think KnC will exactly face that problem - The second they offer Jupiters (which I doubt they will do) - they are going to face significant amount of Neptune refund requests. At least me - I would dump all my "somewhen" in Q1/Q2 Neptunes for "in-hand" Jupiters.

Jupiter is a proven product - Neptune not.

"From stock" means you won't have time.... good luck with that.

Old seasoned perma online grabber here - my Neptune order is close to yours (5-6 positions behind - wanted to pay with paypal mee - didnt work) - fast like a rabbit

I have no doubt on your ability friend...hehe
International bank transfers take time, and getting to your refund request takes much longer.
In which case, you can be Speedy Gonzalez, and have no effect..... other than missing the boat altogether!

See edit above. You are right. Stay liquid. Doesnt matter how you do it. Just stay liquid an be prepared

I agree. I'm about half in cash / half in BTC at the moment. I have a coinbase account with 'instant' purchase ability of up to 10 btc (usually takes about 15 minutes to actually transfer) and I'm hoping to have more than 15 minutes warning before the Jupiter sale actually opens.

[soy]

I paid for my Neptune after btc was well over $1000 on MtGox but then felt I got ripped off by Bitpay.  

Later I discovered that MtGox is no longer the most reliable standard for btc price in that due to failure to be accepted by US banks and its inability to easily facilitate movement of dollars back into US banks, a higher purchase and sale price results on the MtGox exchange.  

I considered that the US banks' trenchant stance was due to MtGox practice of calling a halt to trading when a sharp fall in price was allowing a speculative ripoff and general devaluation of btc as the NY stock exchange will call a halt to trading or at least computer trading when the same happens.  Recall the late fall buildup to $1000 then sharp drop the day before US Senate hearings on bitcoin.  I felt that was a deliberate effort to destabilize bitcoin by US banks. The other exchanges allowed the April/May price fall/crash without any attempt to impede the fall.  

So, that is likely the reason MtGox finds it more difficult to become accepted by US banks.  MtGox tries to protect Bitcoin.

There is another possible reason that I'll mention just for the sake of argument.  A class in economics many years ago mentioned a critical difference between the Japanese stock market and the US stock exchange.  In Japan it is customary and expected that business owners inform other business owners of events that are going to effect their company's stock value - this without making the information known to the public.  In effect it is institutionalized insider trading.  Now I'm not saying that the no-insider-trading laws and regulations are all that respected in this country but regardless if the laws are ignored by insiders, the laws can be argued to the US regulators as reason that the Japanese bank MtGox cannot be allowed to do business as others can.

[de_ixie]

@Merv77:
When you get your Neptune refund (in $), new Jupiters will be sold out (almost 100% if Knc announces today and starts selling tomorrow).
Do you want to do that?

Cheers,

.... Only a question of liquidity - Cash flow management is not a higher art....  

I think KnC will exactly face that problem - The second they offer Jupiters (which I doubt they will do) - they are going to face significant amount of Neptune refund requests. At least me - I would dump all my "somewhen" in Q1/Q2 Neptunes for "in-hand" Jupiters.

Jupiter is a proven product - Neptune not.

"From stock" means you won't have time.... good luck with that.

Old seasoned perma online grabber here - my Neptune order is close to yours (5-6 positions behind - wanted to pay with paypal mee - didnt work) - fast like a rabbit

I have no doubt on your ability friend...hehe
International bank transfers take time, and getting to your refund request takes much longer.
In which case, you can be Speedy Gonzalez, and have no effect..... other than missing the boat altogether!

See edit above. You are right. Stay liquid. Doesnt matter how you do it. Just stay liquid an be prepared

I agree. I'm about half in cash / half in BTC at the moment. I have a coinbase account with 'instant' purchase ability of up to 10 btc (usually takes about 15 minutes to actually transfer) and I'm hoping to have more than 15 minutes warning before the Jupiter sale actually opens.

This is basically the best strategy for all situations - still, you need a lot of cash to follow it

[kendog77]

Check out the network hashrate. We're looking at another 25% increase in 5 days!  

http://bitcoinwisdom.com/bitcoin/difficulty

Knc, Hashfast, and Cointerra aren't even shipping at the moment.

[r1senfa17h]

Check out the network hashrate. We're looking at another 25% increase in 5 days!  

http://bitcoinwisdom.com/bitcoin/difficulty

Knc, Hashfast, and Cointerra aren't even shipping at the moment.

I really thought this was going to be a sub-20% adjustment after seeing HashFast fail so incredibly hard. I hope KnC classifies anyone adding to the hashrate as 'competitors' and not just other mining rig sellers.

[dplusf]

Check out the network hashrate. We're looking at another 25% increase in 5 days!  

http://bitcoinwisdom.com/bitcoin/difficulty

Knc, Hashfast, and Cointerra aren't even shipping at the moment.

KnC isnt shipping. But who said that KnC isnt producing? I am 99% sure that just in this moment jupiters are build and mining for KnC themself.

[soy]

Check out the network hashrate. We're looking at another 25% increase in 5 days!  

http://bitcoinwisdom.com/bitcoin/difficulty

Knc, Hashfast, and Cointerra aren't even shipping at the moment.

KnC isnt shipping. But who said that KnC isnt producing? I am 99% sure that just in this moment jupiters are build and mining for KnC themself.

Given the network protection statement, if they are presently building and testing Jupiters the test period would be very short, like with our October miners that were shipped without having generated a single share - the test period was very short.

[fubly]

 

[btcspender]

Any jup owners on v2.srv.eligius.st:12234 might need to change back to stratum for a while v2 seems to be down

[lemonte]

 

Talking of reseller accounts, does anyone know if there is a limit to how many you can sell?

[CYPER]

 

Talking of reseller accounts, does anyone know if there is a limit to how many you can sell?

Yes, 585385 Neptunes only.

[lemonte]

 

Cypher, you know about electricity, how many Neptunes do you think I can run off a warehouse with 3 phase?

Thanks

[vesperwillow]

Speaking of reseller links, feel free to use mine lol. Nobody has so far. In one sense, i can't blame them if they're going to order like 10 or 50 themselves using their own referral code. Was hoping the folks buying individual units would use it. Eventual goal is to provide a good portion of the profits to charities which accept BTC directly, as well as others. If I ever get traction on it, I'll throw up a thread detailing it.

Community giving back to community.

[RickJamesBTC]

Cypher, you know about electricity, how many Neptunes do you think I can run off a warehouse with 3 phase?

Thanks

I have three phase power as well, just saying 3 phase doesn't change things. You have a current limit to your power feed, so what is your main service rated for? I have 600 A. Then there is the different styles of 3 phase, so that changes what you have available at your panels. If you have that power, and don't know how to use it, you really want to have an electrician wire things up for you (quick death!)

You probably have a BIG panel, with a lot of breakers. Each breaker connects a wire to a plug to one of the legs. You'll mostly use standard single phase 240 to run your power supplies as I do, which is any combination of two legs. Since we don't even know the power requirements of the neptune right now, it's not really possible to know a total.  When I was planning, I would guess 3000W each, so I'd be running two neptunes to each 30A 240 breaker, for a MAXIMUM of 40 neptunes. That leaves some overhead, and room for my other equipment. Not that I have 40 neptunes unless people want me to host a bunch of them

[merv77]

Cypher, you know about electricity, how many Neptunes do you think I can run off a warehouse with 3 phase?

Thanks

are there any PSU that you can buy that run on 3 phase power?  I don't think so and never seen one myself

[RickJamesBTC]

Cypher, you know about electricity, how many Neptunes do you think I can run off a warehouse with 3 phase?

Thanks

are there any PSU that you can buy that run on 3 phase power?  I don't think so and never seen one myself

Yes, but they are big server power supplies 4000-6000w etc. I was going to get some, but I went with single phase 240 server power supplies at a significantly lower price.

[merv77]

 

isn't this cheating, no?

if you clicked someones reseller link then that link served it's purpose.. isn't that the idea of a reseller link that someone clicks?

I never asked KNC to change my Neptune to my reseller link.. it simply does make sense.

[soy]

Cypher, you know about electricity, how many Neptunes do you think I can run off a warehouse with 3 phase?

Thanks

are there any PSU that you can buy that run on 3 phase power?  I don't think so and never seen one myself

You'll get >220VAC from L1-L2 or L2-L3 or L1-L3.  No real advantage to using 3 phases at one time I suppose unless you're running some kind of tremendous brushless motor.