Swedish ASIC miner company kncminer.com

[The Avenger]

It sounds like you're just terrible at timing hardware purchases. I've got three Jupiters that have been hashing away for 6 weeks are have already earned back 80% of the BTC I paid for them.

Pretty much everyone bought October Jupiters when btc was hovering around $100. So me and 7000-9000 others were terrible at timing hardware purchases by that logic

In case it's unclear, I meant October units when I said "2000 - 5000 devices shipped after October 16th will not ROI". I wasn't talking about November units, just so that's clear.

November units are a different equation - what is the BTC ROI on those? 10-20BTC? I vaguely remember Phoenix saying he bought around the $350/btc mark.

[1714008773]

1714008773

[1714008773]

1714008773

[dimaze]

It's difficult to always project difficulty out. When I project it out, I generally do the worst case scenario.

With 30% difficulty jumps, with 10% lower difficulty per jump, an early July delivery Neptune that has a total cost of 11000 USD @ 0.15kWh, will still be profitable in 2014 (although just barely), at a 750 Bitcoin valuation. These are not small jumps at all and I would consider it the worst case scenario (first jump is 400m, 450m, 500m, ect)

@Avenger, I do agree that buying and holding has been historically better. I believe most individuals that purchased various hardware in BTC would today have opted to buy and hold. Any Day 1 / Day 2 owners that can comment how much their units have generated to date in BTC? Let us know what device and average GH is as well. It is possible that you could have mined enough, and sold your coins and miners when it was at an ATH to earn 70k+ off a single miner. I think we're approaching that point where an original BTC investment may pay off. Of course, a year down the line, we may look at today very differently - that's what I love about this ride.

[chrono030]

It sounds like you're just terrible at timing hardware purchases. I've got three Jupiters that have been hashing away for 6 weeks are have already earned back 80% of the BTC I paid for them.

Pretty much everyone bought October Jupiters when btc was hovering around $100. So me and 7000-9000 others were terrible at timing hardware purchases by that logic

In case it's unclear, I meant October units when I said "2000 - 5000 devices shipped after October 16th will not ROI". I wasn't talking about November units, just so that's clear.

November units are a different equation - what is the BTC ROI on those? 10-20BTC? I vaguely remember Phoenix saying he bought around the $350/btc mark.

Bitcoin price was around 150 bucks (except for the huge jump near the end when it hit 200).  Units were 5000 each and had a 10% discount on BTC payemnts (4500/150=30 BTC needed to break even)

[kendog77]

It sounds like you're just terrible at timing hardware purchases. I've got three Jupiters that have been hashing away for 6 weeks are have already earned back 80% of the BTC I paid for them.

Pretty much everyone bought October Jupiters when btc was hovering around $100. So me and 7000-9000 others were terrible at timing hardware purchases by that logic

In case it's unclear, I meant October units when I said "2000 - 5000 devices shipped after October 16th will not ROI". I wasn't talking about November units, just so that's clear.

November units are a different equation - what is the BTC ROI on those? 10-20BTC? I vaguely remember Phoenix saying he bought around the $350/btc mark.

November Jupiters were priced at 5k and were still available when the BTC exchange rate started going up, so I think a lot of folks picked them up from KNC for between 10-15 BTC, which was a pretty good deal.

Early Neptune orders will likely still be profitable if the difficulty is ~3 times as high as it is now. If it goes much higher than that before Neptunes ship, then I'll start to get nervous...

[chrono030]

It's difficult to always project difficulty out. When I project it out, I generally do the worst case scenario.

With 30% difficulty jumps, with 10% lower difficulty per jump, an early July delivery Neptune that has a total cost of 11000 USD @ 0.15kWh, will still be profitable in 2014 (although just barely), at a 750 Bitcoin valuation. These are not small jumps at all and I would consider it the worst case scenario (first jump is 400m, 450m, 500m, ect)

@Avenger, I do agree that buying and holding has been historically better. I believe most individuals that purchased various hardware in BTC would today have opted to buy and hold. Any Day 1 / Day 2 owners that can comment how much their units have generated to date in BTC? Let us know what device and average GH is as well. It is possible that you could have mined enough, and sold your coins and miners when it was at an ATH to earn 70k+ off a single miner. I think we're approaching that point where an original BTC investment may pay off. Of course, a year down the line, we may look at today very differently - that's what I love about this ride.

I have a day one jupiter (that was actually shipped on day one) that has already passed the BTC required to break even.  If i was to sell the unit, i would be very much in the black.  It was clearly a good investment from a BTC and Fiat standpoint

[Phoenix1969]

I think KnC will shipped the Neptunes faster than we think.
They always overdelivered.

Haaaaaaaaaa haha. They haven't even taped out, they are still working on neptune chip design. No way you'll see diddly in Q1.

What is the atmosphere like on planet "SelfDelusion", the biggest planet of them all in the knc thread?

Interesting....start it at 9 min.
no more jupiters
Quote:
"We were waiting for competition, before we released more, and we're still waiting for competition;
So, we decided to compete with ourselves, and go on to the next generation."
Guess we have our answer.

[Phoenix1969]

He is bitter because he can't afford KnC gear, although he claimed to have KnC gear and yet he is dissapointed in it and said it will not ROI.
Why all of the other KnC customers can ROI and he is the only one that can't.

If people calculate ROI as it should be - how much btc could I have bought for the price I paid for the mining gear. For me, 80BTC. Will I ever get that from my knc gear? No. So zero profits, not even making back what I paid.

And I'm certain any one of the 2000 - 5000 devices shipped after October 16th will not ROI, in those terms.

But yeah, I'm the only one who won't ROI. Whatever asshole. You are totally delusional and we'll see how clever you are when your neptune arrives in Q2/Q3

knc didn't accept bitcoin from you, they accepted USD thru Bitpay, so your calc needs to be done in USD, not BTC.

[matthewh3]

It sounds like you're just terrible at timing hardware purchases. I've got three Jupiters that have been hashing away for 6 weeks are have already earned back 80% of the BTC I paid for them.

Pretty much everyone bought October Jupiters when btc was hovering around $100. So me and 7000-9000 others were terrible at timing hardware purchases by that logic

In case it's unclear, I meant October units when I said "2000 - 5000 devices shipped after October 16th will not ROI". I wasn't talking about November units, just so that's clear.

November units are a different equation - what is the BTC ROI on those? 10-20BTC? I vaguely remember Phoenix saying he bought around the $350/btc mark.

November Jupiters were priced at 5k and were still available when the BTC exchange rate started going up, so I think a lot of folks picked them up from KNC for between 10-15 BTC, which was a pretty good deal.

Early Neptune orders will likely still be profitable if the difficulty is ~3 times as high as it is now. If it goes much higher than that before Neptunes ship, then I'll start to get nervous...

I did a rough calculation that batch one $10K Neptunes have until early May to be delivered to achieve their ROI in bitcoin at current average network difficulty growth.  While I'm not expecting the current average difficulty growth to increase much more and may actually continue easing off.  Unless we get some more dramatic price rises.  Which could push up the network difficulty growth.  So let's hope for price drops until they're delivered and then straight up to $10K per coin  

[btcspender]

Interesting....start it at 9 min.
no more jupiters
Quote:
"We were waiting for competition, before we released more, and we're still waiting for competition;
So, we decided to compete with ourselves, and go on to the next generation."
Guess we have our answer.

Should be more jups in a few weeks go to 18:30

[Phoenix1969]

Interesting....start it at 9 min.
no more jupiters
Quote:
"We were waiting for competition, before we released more, and we're still waiting for competition;
So, we decided to compete with ourselves, and go on to the next generation."
Guess we have our answer.

Should be more jups in a few weeks go to 18:30

Hmmm, yes....he..."Thinks they will"  in late Jan, early Feb.....
I hope there's some type of announcement soon, this is ridiculous... hehehe

I found the form-factor comments exciting though!   smaller & watercooled.
looks like our dream of a built in coffee warmer are coming along.....  just route the coolant lines in & out of your cup! lol

[btcspender]

Interesting....start it at 9 min.
no more jupiters
Quote:
"We were waiting for competition, before we released more, and we're still waiting for competition;
So, we decided to compete with ourselves, and go on to the next generation."
Guess we have our answer.

Should be more jups in a few weeks go to 18:30

Hmmm, yes....he..."Thinks they will"  in late Jan, early Feb.....

Yeah it wasn't a definite.
But I'm confident they will, after seeing the video i'm quite content to wait it out now

[The Avenger]

New firmware. AND an actual changelog.

Too much to handle...


https://github.com/KnCMiner/images

Changes (since 0.99.1-)
  - Miner management (http & ssh) is firewalled to a configured list
of trusted addresses. Customer should specify the (space separated)
list of addresses from which device is allowed to be accessed via HTTP
and SSH.
  - Initial splash screen on first use where the user is asked to
specify new administrator user name and password and also a list of
trusted addresses allowed to manage the miner.
  - List of trusted management addresses added in network screen.
  - On the "Mining" page there is an analogous setting which allows to
specify from which addresses miner's API interface can be accessed.
  - Added support for the BFGMiner, selectable from the "Mining" page.
  - Added the ability to change administrator user name when changing password.

[btcspender]

bfgminer should lower eligius hw errors to a minimum supposedly. Might give it a whirl

[Phoenix1969]

bfgminer should lower eligius hw errors to a minimum supposedly. Might give it a whirl

eligius already provided a new stratum address that supposedly remedies that issue:

stratum+tcp://v2.srv.eligius.st:12234

can someone give us an update on the status of that address?

[1l1l11ll1l]

Get it while its hot https://github.com/KnCMiner/images

[elasticband]

thanks for the update!

edit: reduced initial hash from 580 down to 400  

edit: bfgminer is cool, shows each board and what they are hashing and producing

edit: quick flash of enable all cores and the problem appears to be resolved. time to play.

edit: OC setting to not seem to be visible with bfg

[btcspender]

bfgminer should lower eligius hw errors to a minimum supposedly. Might give it a whirl

eligius already provided a new stratum address that supposedly remedies that issue:

stratum+tcp://v2.srv.eligius.st:12234

can someone give us an update on the status of that address?

Yep v2 server is back up again also wizkid released his own patch that reduces hw errors to <1% and also increases ghs on jupiters. I guess I have a busy few hours of messing around

[jelin1984]

how is the errors at new eligius pool???

[elasticband]

Yep v2 server is back up again also wizkid released his own patch that reduces hw errors to <1% and also increases ghs on jupiters. I guess I have a busy few hours of messing around

link to infor regaring the patch?

[Phoenix1969]

bfgminer should lower eligius hw errors to a minimum supposedly. Might give it a whirl

eligius already provided a new stratum address that supposedly remedies that issue:

stratum+tcp://v2.srv.eligius.st:12234

can someone give us an update on the status of that address?

Yep v2 server is back up again also wizkid released his own patch that reduces hw errors to <1% and also increases ghs on jupiters. I guess I have a busy few hours of messing around

Ooooh, sweet.   Thanks....