Swedish ASIC miner company kncminer.com

[merv77]

From what I understand, 51%'ing a network does no harm unless the pool operator has bad intentions.

Why risk it though? What does ghash.io give you that BTCGuild or eligius doesnt?

Compared to BTCGuild: 0% fees
Compared to Eligius: less variance

I started mining with them around 3am UK time on 03.01.2014, so in about 1 hour that will be exactly 1 week mining.
My average hashrate is 3200GH/s.
For that 1 week period I have mined 8.54603089BTC exactly (not counting the last 1 hour of the full 1 week), while the calculator says 7.94166635 BTC per week.
So (8.54603089/7.94166635)*100 = 107.6% luck
So all looks good.

that's a bit greedy.. you'd rather risk the bitcoin network and go against Shatoshi Nakamoto's design just for a little extra coins.  

even ghash.io has admitted that they are a threat to the bitcoin network and will make good... but still there are a few people that just don't care

Ghash.io is far from having 50% of the network, but yet people freak out.
Obviously it is impossible to predict their exact share as this is based on previously solved blocks and luck, but roughly it is around 40% currently, which is far from 50%.

According to http://bitcoincharts.com/markets/ total hashrate is close to 16PH/s
Ghash.io has 4.7PH/s
That's less than 30%

If they get really close to 50% then I will surely move out.

I hope you hold up to your word.  Any way you seem to be doing well your 3TH plus mining farm

the reason they fell back from 42% to now 39% is because there's been a few miners pulling out for the reason of protecting the bitcoin network.

[organofcorti]

...
the reason they fell back from 42% to now 39% is because there's been a few miners pulling out for the reason of protecting the bitcoin network.
...

I haven't yet checked, but at a guess I'd say that could easily be due to variance. A larger drop over a longer time period might be indicative though.

[opentoe]

I just hope we get any announcement either way I have coin waiting for jupiter orders and if they announce no jups some coin will go on one or two more neptunes and some spread across other companies. I just want to hear anything from them.

This is exactly what they wanted you to do with those "handy coins".

[DPoS]

...
the reason they fell back from 42% to now 39% is because there's been a few miners pulling out for the reason of protecting the bitcoin network.
...

I haven't yet checked, but at a guess I'd say that could easily be due to variance. A larger drop over a longer time period might be indicative though.

what about that ever growning 'unknown'?   That could work with ghash to do the 51% deed correct?

why is so much hashing listed as unknown anyway?

[organofcorti]

...
the reason they fell back from 42% to now 39% is because there's been a few miners pulling out for the reason of protecting the bitcoin network.
...

I haven't yet checked, but at a guess I'd say that could easily be due to variance. A larger drop over a longer time period might be indicative though.

what about that ever growning 'unknown'?   That could work with ghash to do the 51% deed correct?

I do my own tracking, and unknown is only about 80 blocks per week. A good deal of it uses the same gen address, so it's unlikely that ghash would use that if they were being tricky.

why is so much hashing listed as unknown anyway?

Because whoever it is that is doing the tracking your referring to isn't using all possible data. I'm using coinbase sigs, known gen addresses, and pool websites (where available). You put it all together and you get better tracking than blockchain.info.

For example I can track Deepbit properly, and also bitparking and some others that confuse blockchain.info. It also means that if an unknown has used the same gen address for a long time, I can track that too. There are known unknowns (gen address and nothing else) and unknown unknowns (no coinbase sig and no record of gen address being used more than once). In total, all unknowns rarely get as high at 10%, although this may have changed recently.

Once I finish the current upgrade I'll post more accurate block stats somewhere.

[merv77]

Thanks organofcorti,
I'll be looking forward to seeing your detailed stats
Cheers

[DPoS]

Thanks organofcorti,
I'll be looking forward to seeing your detailed stats
Cheers

same here

[JimiQ84]

...
the reason they fell back from 42% to now 39% is because there's been a few miners pulling out for the reason of protecting the bitcoin network.
...

I haven't yet checked, but at a guess I'd say that could easily be due to variance. A larger drop over a longer time period might be indicative though.

what about that ever growning 'unknown'?   That could work with ghash to do the 51% deed correct?

I do my own tracking, and unknown is only about 80 blocks per week. A good deal of it uses the same gen address, so it's unlikely that ghash would use that if they were being tricky.

why is so much hashing listed as unknown anyway?

Because whoever it is that is doing the tracking your referring to isn't using all possible data. I'm using coinbase sigs, known gen addresses, and pool websites (where available). You put it all together and you get better tracking than blockchain.info.

For example I can track Deepbit properly, and also bitparking and some others that confuse blockchain.info. It also means that if an unknown has used the same gen address for a long time, I can track that too. There are known unknowns (gen address and nothing else) and unknown unknowns (no coinbase sig and no record of gen address being used more than once). In total, all unknowns rarely get as high at 10%, although this may have changed recently.

Once I finish the current upgrade I'll post more accurate block stats somewhere.

Sorry for derailing thread, but huge part of unknown is 100th mine (currently hashing at about 500TH/s)

[astutiumRob]

BTCGuild = 3% Fee (Thats ALOT when it comes to bigger BTC amounts)
Eligius = due to some problems i seem to get there around 2% less than ghash.io
So it DOES matter where you mine.

I get just under 4% less 'hashrate' at GHASH than BTCGuild which would counteract the 'fee', there are also (unconfirmed) missed payments - never quite managed to corroborate it, but certainly the ppol has found more blocks than the 'popup' message has notified me that i've received payment for the block

YMMV, but personally I only allow the traded ghs from cex to mine at ghash.

[Searing]

Ive preordered the "2 batch" and im 26 on queu. Hope you guys are real and this aint a scam.

heh was scrolling thru and saw this april 8th order on knc site from days gone buy...heh you had "big brass ones" it took me till July 1st to pull the trigger

anyway figured I'd give you kudos on the above.....the bet ..on knc ...all of us will agree surely worked out well for you (and us)

heh....no way in heck in hindsight would I have pulled the trigger on april 8th.......(good to know ones limitations)

Searing

[kendog77]

BTCGuild = 3% Fee (Thats ALOT when it comes to bigger BTC amounts)
Eligius = due to some problems i seem to get there around 2% less than ghash.io
So it DOES matter where you mine.

I get just under 4% less 'hashrate' at GHASH than BTCGuild which would counteract the 'fee', there are also (unconfirmed) missed payments - never quite managed to corroborate it, but certainly the ppol has found more blocks than the 'popup' message has notified me that i've received payment for the block

YMMV, but personally I only allow the traded ghs from cex to mine at ghash.

I also get ~4% less hashrate at Eligius than I do a BtcGuild, but some people are blinded by 0% pool fees. They may actually be losing out in the long run.

[Searing]

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.

Well KNC staff posted in the KNC Forums that Neptunes 2nd batch they still have for sale are "going fast" ...so I'd safely assume NO CHANCE of any Jupiters being released into the wild before that batch of Neptunes are sold out.....imho

but yeah...if they are ahead of the timeline they set for themselves for selling Neptunes.....(whatever that is) it is unlikely we will see any more Jupiters at any price

*I'm unsure on how I feel on this me and 2 brothers have 2 Neptunes on order 1 batch one 1 batch 2....on the other hand have USD for Jupiters if priced right...hmmmm...I'm on the fence?"

add to that my current 555gh Jupiter to the best of my knowledge is mining .18 btc /day and difficulty is projected more or less 30 percent again ...so you run that out ways...say I get my Jupiter NEW batch er.....by 2nd week of Feb say....what I'd be looking at maybe .10 btc/day....then Neptunes come out by april 1st say?

anyway seems awful tight imho

so I too still think it is a no go (I do however have a corsair 1200i just in case and 30 days to send it back..i'm sooooooo conflicted"

confused ..this bitcoin stuff makes my head hurt......

Searing

[btcspender]

Well KNC staff posted in the KNC Forums that Neptunes 2nd batch they still have for sale are "going fast" ...so I'd safely assume NO CHANCE of any Jupiters being released into the wild before that batch of Neptunes are sold out.....imho

but yeah...if they are ahead of the timeline they set for themselves for selling Neptunes.....(whatever that is) it is unlikely we will see any more Jupiters at any price

*I'm unsure on how I feel on this me and 2 brothers have 2 Neptunes on order 1 batch one 1 batch 2....on the other hand have USD for Jupiters if priced right...hmmmm...I'm on the fence?"

add to that my current 555gh Jupiter to the best of my knowledge is mining .18 btc /day and difficulty is projected more or less 30 percent again ...so you run that out ways...say I get my Jupiter NEW batch er.....by 2nd week of Feb say....what I'd be looking at maybe .10 btc/day....then Neptunes come out by april 1st say?

anyway seems awful tight imho

so I too still think it is a no go (I do however have a corsair 1200i just in case and 30 days to send it back..i'm sooooooo conflicted"

confused ..this bitcoin stuff makes my head hurt......

Searing

I just wish we would get an update surely they have had a meeting about it. They just need to let us know what is going on people need to plan ahead to combat rising difficulty we cant do that with silence.

Curious whether there will be another batch of Jupiters 'coz there's a risk for KnCMiner that many might jump the Neptune ship and switch over to some Jupiters they get way earlier.

Some may do that though refund time would be an issue. Surely knc would realize though that the majority of the profits people would make from a jupiter batch would be reinvested in neptunes

[lemonte]

Yes, Neptunes will be gone very soon as it seems...

Curious whether there will be another batch of Jupiters 'coz there's a risk for KnCMiner that many might jump the Neptune ship and switch over to some Jupiters they get way earlier.

Yes thanks for sticking your reseller ID around the image 

He's only 3 off a Neptune now. Good work!

[Searing]

Yes, Neptunes will be gone very soon as it seems...

(image removed)

Curious whether there will be another batch of Jupiters 'coz there's a risk for KnCMiner that many might jump the Neptune ship and switch over to some Jupiters they get way earlier.

yep just checked 516 left as of the above time of well whatever this post shows.....

Searing

[joeventura]

I just want some upgrade modules!!

[Searing]

I just want some upgrade modules!!

sigh...not available for us oct orders i'm afraid them boards have gone to the revsion A in the sky....

although if they do want me to get a Jupiter price them like 1.5k way way below BFL monarch 2.5k and I'll get a couple out of spite

(drive a stake thru bfl corp heart...the evil must die...(play vampire music) they suck....     

SORRY distracted by nostalgic rage don't ya know

Searing

[merv77]

Yes, Neptunes will be gone very soon as it seems...

Curious whether there will be another batch of Jupiters 'coz there's a risk for KnCMiner that many might jump the Neptune ship and switch over to some Jupiters they get way earlier.

Yes thanks for sticking your reseller ID around the image 

He's only 3 off a Neptune now. Good work!

he could of sold more than 7 as they don't get updated that often.

I've sold more through my reseller ID and figures haven't changed yet, even when I login to my reseller account.

[ncs0ne]

(...)

Yes thanks for sticking your reseller ID around the image  

Your are welcome (to click it).

I interpret your post this way that next time I should explicitly mention when a link contains my reseller-id (even when everyone expects it to be there).
So I can make sure no one has any reason to feel like they have been tricked, misused or whatever, which is for sure not my intention.

One can type as usual 'https://www.kncminer.com' into his browser's URL bar OR click his kncminer-bookmark instead.

In addition after clicking the link you see in your browser's URL-bar the reseller id at the end. Just remove it, clear your browsers cache, reload the page.
Then in case you buy a Neptune it is not accounted and you can feel like 'yeah I'm really smarter than this stupid reseller link spammer'.

(...)
He's only 3 off a Neptune now. Good work!

Actually less are missing  

In addition let me share with you that I bought all but one of them together with my friends, so no 'good work' at all.
And even the remaining one was purchased by a guy I'm in contact with.

If it works out it's nice for all involved, otherwise nothing is lost.
I can sleep well in both cases.


*edit:
I want to see Upgrade-Boards (and Jupiters) as well - c'mon KnC take our money, please!

[Biffa]

(...)

Yes thanks for sticking your reseller ID around the image 

Your are welcome (to click it).

I interpret your post this way that next time I should explicitly mention when a link contains my reseller-id (even when everyone expects it to be there).
So I can make sure no one has any reason to feel like they have been tricked, misused or whatever, which is for sure not my intention.

No you should interpret my post as "take your spam to the Marketplace forum" your post was pure spam, with a single line of spurious text to try and make it look like you were participating in the conversation.