merv77
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January 09, 2014, 07:15:16 PM |
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I'm beginning to think the Jupiter's aren't going to launch. Every time I talk to KNC they make it sound like they still have no plans and they make it sound like the Neptune is coming first.
I think the amount of people wanting to cancel their Neptune's for more Jupiter's is quite high and they might be questioning themselves now.
People aren't stupid. The difficulty is going to run away from everyone. KNC is going to obliterate the diff once again like they did last year and people want to mine now rather than wait.
I beleive also when KNC announced that they were going to sell new Jupiters and the reason for saying keep your coins handy, was sort of saying to us don't refund but save up some coins to buy Jupiters. otherwise their statement would of been get ready to refund Neptunes to buy Jupiters. I think KNC had all good intentions to help us protect our part of the network but to many idiots fucked it for us. And I don't think saying, oh I just wanted refund because of power concerns. one we knew the approx power consumption was going to be high, and two these refunds suddenly began after the announcement of new Jupiter being offered.
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lemonte
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January 09, 2014, 07:19:39 PM |
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ok all our questions could be answered by Bitcoinorama ! Drin ... Drin .... Bitcoinorama ... are you here ? He is actually on now, but no posts from him for 3 days. 'Orama.....we see you!! He could be at CES?
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matthewh3
Legendary
Offline
Activity: 1372
Merit: 1003
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January 09, 2014, 07:20:26 PM |
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I don't believe KNC would offer any more Jupiter's (from stock) until some very promising Neptune development news first. If they're are to offer any at all. So as not to hurt Neptune pre-orders or cause a mass exodus of Neptune refunds. Which started to happen when they first mentioned a Jupiter batch #3.
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Paladin69
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January 09, 2014, 07:59:59 PM |
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I don't believe KNC would offer any more Jupiter's (from stock) until some very promising Neptune development news first. If they're are to offer any at all. So as not to hurt Neptune pre-orders or cause a mass exodus of Neptune refunds. Which started to happen when they first mentioned a Jupiter batch #3.
How excited for the Neptune are you guys, really? Especially you General Release folks? Pre-release batch will do okay for the first or second difficulty change and then the whole thing falls apart again. But I still think people will be worse off than had they not traded in their Oct & Nov Jupiter's. Mining now is so much more important. People look to the change from CPU to GPU but I don't think it is a good comparison. GPU settled and slowed down when BTC wasn't worth anything. This is a different ball game now. People are just going to keep piling in. I see no reason why they wouldn't.
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matthewh3
Legendary
Offline
Activity: 1372
Merit: 1003
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January 09, 2014, 08:18:58 PM |
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I don't believe KNC would offer any more Jupiter's (from stock) until some very promising Neptune development news first. If they're are to offer any at all. So as not to hurt Neptune pre-orders or cause a mass exodus of Neptune refunds. Which started to happen when they first mentioned a Jupiter batch #3.
How excited for the Neptune are you guys, really? Especially you General Release folks? Pre-release batch will do okay for the first or second difficulty change and then the whole thing falls apart again. But I still think people will be worse off than had they not traded in their Oct & Nov Jupiter's. Mining now is so much more important. People look to the change from CPU to GPU but I don't think it is a good comparison. GPU settled and slowed down when BTC wasn't worth anything. This is a different ball game now. People are just going to keep piling in. I see no reason why they wouldn't. Exponential difficulty growth rise changes can not continue forever at over 1000% every ninety days. The rate of change of growth will start to taper off to start follow Moore's Law over the next year IMO. Unless we rapidly go to >$10K a coin otherwise large miners will be best putting bitcoin into Nuclear Fusion research to keep any decent share of the reward. 56% was the last thirty days difficulty growth according to TGB. It wasn't long ago that single difficulty changes were in that magnitude. Yet the latest difficulty changes have been the largest ever changes.
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bee7
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January 09, 2014, 08:24:19 PM |
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Dear Miners I am sorry for being off topic here, but I urge everyone who pointed their mining resources at ghash.io give a chance to bitcoin to survive and choose another pool even if it is less attractive than ghash.io. Thank you.
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Xian01
Legendary
Offline
Activity: 1652
Merit: 1067
Christian Antkow
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January 09, 2014, 08:28:16 PM |
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Can someone try to convince me not to order a 3TH unit from Batch 2 ?
I've been evaluating the various options for a while now, and seem to have circled back to KNC based on the following;
- Cointerra's power useage numbers require two circuits for North American homes. If I need two circuits anyway, paying $3k for another 1TH doesn't seem all that off - HashFast is out for obvious reasons - Butterfly Labs is out for obvious reasons - Black Arrow has raised a red flag for me and will not be buying on principle due to customer service issues - Coincraft's pricing does not make sense It would seem that KNCMiner is the horse to bet on at this time.
Am I overlooking something for start of Q2 ? Can't seem to find anything substantial available in a reasonable timeframe for Q1.
Thanks, folks.
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Paladin69
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January 09, 2014, 08:31:36 PM |
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Dear Miners I am sorry for being off topic here, but I urge everyone who pointed their mining resources at ghash.io give a chance to bitcoin to survive and choose another pool even if it is less attractive than ghash.io. Thank you. From what I understand, 51%'ing a network does no harm unless the pool operator has bad intentions.
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Paladin69
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January 09, 2014, 08:35:13 PM |
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Can someone try to convince me not to order a 3TH unit from Batch 2 ?
I've been evaluating the various options for a while now, and seem to have circled back to KNC based on the following;
- Cointerra's power useage numbers require two circuits for North American homes. If I need two circuits anyway, paying $3k for another 1TH doesn't seem all that off - HashFast is out for obvious reasons - Butterfly Labs is out for obvious reasons - Black Arrow has raised a red flag for me and will not be buying on principle due to customer service issues - Coincraft's pricing does not make sense It would seem that KNCMiner is the horse to bet on at this time.
Am I overlooking something for start of Q2 ? Can't seem to find anything substantial available in a reasonable timeframe for Q1.
Thanks, folks.
Technically BFL is shipping from stock. Although $1000 for 60GH is a huge rip off IMO. Why does Black Arrow throw red flags? Enough people have complained about power consumption. KnC should just split their Neptune into two $5K units IMO.
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lemonte
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January 09, 2014, 08:35:54 PM |
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Puppet
Legendary
Offline
Activity: 980
Merit: 1040
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January 09, 2014, 08:37:17 PM |
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From what I understand, 51%'ing a network does no harm unless the pool operator has bad intentions.
Are you really wiling to bet the value of of your (and mine and everyone else's) bitcoins to the intention of any single anonymous pool op ?
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Paladin69
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January 09, 2014, 08:43:14 PM |
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From what I understand, 51%'ing a network does no harm unless the pool operator has bad intentions.
Are you really wiling to bet the value of of your (and mine and everyone else's) bitcoins to the intention of any single anonymous pool op ? It doesn't make sense why they would. They are hurting their own cash cow too otherwise.
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Puppet
Legendary
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Activity: 980
Merit: 1040
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January 09, 2014, 08:46:47 PM |
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It doesn't make sense why they would. They are hurting their own cash cow too otherwise.
Not if they think they can get away with it. For the record, there is already very compelling evidence ghash.io was abused to pull off double spend attacks: https://bitcointalk.org/index.php?topic=327767.0Now you may not have sympathy for the victim here, being a gambling site accepting zero confirmation transactions, but if this is not reason enough for you to switch pools, honestly you deserve what it could lead to.
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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January 09, 2014, 08:58:23 PM |
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From what I understand, 51%'ing a network does no harm unless the pool operator has bad intentions.
Are you really wiling to bet the value of of your (and mine and everyone else's) bitcoins to the intention of any single anonymous pool op ? It doesn't make sense why they would. They are hurting their own cash cow too otherwise. we should never put too much trust on one individual, Satoshi nakomoto designed the Bitcoin protocol so the trust is distributed among all miners and not one single pool/organization/individual, what is happening is a potential risk no matter how trustworthy the operator is.... otherwise I would not count on Ghash.IO because they are not trustworthy, what miners are not aware of is that this same pool tried to double spend few months ago when they had only 23% of the network hashpower and there is nothing stopping them from doing it again, especially now when they control this amount of power. for reference https://bitcointalk.org/index.php?topic=327767.0please explain to me, why they have 0% fee ? what is the point ? now that they are being a big risk why didnt they do something about it ? the only effort they did is to release a statement that once they reach 51% that they will give the chance for people buying power there to point their miners to other pools but then it will be too late.... it seems that all effort we are doing doesn't count for anything, and it seems that miners doesn't give a flying fuck about the network security, and it seems that each time we talk about this risk is like we do them a free advertisement because their hash rate keep growing ever since. you miners are the only ones that can change this, so please start acting responsibly.
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seanrarey
Full Member
Offline
Activity: 168
Merit: 100
BuyAnythingWithBitcoin.com
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January 09, 2014, 09:01:31 PM |
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From what I understand, 51%'ing a network does no harm unless the pool operator has bad intentions.
Are you really wiling to bet the value of of your (and mine and everyone else's) bitcoins to the intention of any single anonymous pool op ? It doesn't make sense why they would. They are hurting their own cash cow too otherwise. we should never put too much trust on one individual, Satoshi nakomoto designed the Bitcoin protocol so the trust is distributed among all miners and not one single pool/organization/individual, what is happening is a potential risk no matter how trustworthy the operator is.... otherwise I would not count on Ghash.IO because they are not trustworthy, what miners are not aware of is that this same pool tried to double spend few months ago when they had only 23% of the network hashpower and there is nothing stopping them from doing it again, especially now when they control this amount of power. for reference https://bitcointalk.org/index.php?topic=327767.0please explain to me, why they have 0% fee ? what is the point ? now that they are being a big risk why didnt they do something about it ? the only effort they did is to release a statement that once they reach 51% that they will give the chance for people buying power there to point their miners to other pools but then it will be too late.... it seems that all effort we are doing doesn't count for anything, and it seems that miners doesn't give a flying fuck about the network security, and it seems that each time we talk about this risk is like we do them a free advertisement because their hash rate keep growing ever since. you miners are the only ones that can change this, so please start acting responsibly. +1
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r1senfa17h
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January 09, 2014, 09:34:42 PM |
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Ok, if KnC announces a new batch of Jupiters - you can thank me. Why? Because I just spent all of my bitcoins on 13 x 200GH/s Avalon clones that are shipping "immediately" (haha, we'll see). To make me regret my decision, KnC will almost definitely sell the Jupiters I want now. You're welcome.
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1N3o5Kyvb4iECiJ3WKScKY8xTVXxf1hMvA
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CYPER
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January 09, 2014, 09:36:09 PM |
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I have GPUs pulling 350-360watts (29-30amps). I wasn't under the impression that the KNC modules were pulling that. I could be mistaken.
You surely must be mistaken: What GPU pulls 350W? How many cables are you using per GPU? Are you aware that the PCI-E slot provides 75W of the total power? Are you using powered PCI-E risers? When you answer these questions you will understand that each 12V circuit on the GPU cabling uses less that the KNC board
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Xian01
Legendary
Offline
Activity: 1652
Merit: 1067
Christian Antkow
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January 09, 2014, 09:44:41 PM |
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What GPU pulls 350W?
Quite a few pull in excess of that, in fact.
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CYPER
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January 09, 2014, 09:54:04 PM |
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What GPU pulls 350W?
Quite a few pull in excess of that, in fact. You should follow the discussion before making such bold statements. There is a big difference between GPUs and the KNC board. KNC board uses 3x 12V circuits to carry up to 15A of current. A GPU uses 6x 12V circuits to carry up to 23A of current. Which one looks more to you? Also can you show me which GPU "pull in excess of that"?
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