Swedish ASIC miner company kncminer.com

[The Avenger]

CoinTerra begins FCC/CE certification this week, followed up by a test-run of its 2 production facilities at the end of this week where they'll do part of a batch and ship it. Full produciton/shipping ramp-up of all batches begins Monday the 27th: http://cointerra.com/update-prototype-testing-completed-certification-production-week/

I find this particularly interesting, as some people in this thread once claimed it took weeks and would cause massive delays etc:

At the same time we have been preparing the hardware for mandatory FCC and CE product testing and certification, and UL safety testing and certification which we have been informed will take approximately 2-3 days to complete.

Will this be the first asic miner device that is actually CE certified?

[1714190976]

1714190976

[1714190976]

1714190976

[vesperwillow]

CoinTerra begins FCC/CE certification this week, followed up by a test-run of its 2 production facilities at the end of this week where they'll do part of a batch and ship it. Full produciton/shipping ramp-up of all batches begins Monday the 27th: http://cointerra.com/update-prototype-testing-completed-certification-production-week/

I find this particularly interesting, as some people in this thread once claimed it took weeks and would cause massive delays etc:

Yeah, Cointerra has a simple manual assembly for the chassis (as pictured with the 2 teenage looking folks) and automated for the PCB stuff. The chassis assembly has been going on all month from what I've heard, so once they verify the automated line is working fine (end of the week I suppose), they'll just be flipping a switch and letting all the batches ramp up.

As some would say, if all goes well, "shits about to get real".

Has anyone done the math on 10,000-25,000 units @ 1TH? What's that equate to? lol

At the same time we have been preparing the hardware for mandatory FCC and CE product testing and certification, and UL safety testing and certification which we have been informed will take approximately 2-3 days to complete.

Will this be the first asic miner device that is actually CE certified?

Block Erupters have CE certification, as do BFL Jally's. I can see the stamp of approval on mine. I dunno about other equipment though, but I'm fairly sure most of it would be for import into the EU.

[Searing]

still confused p/v=amps   2500w/120v=20.83..i was under the impression a neptune was 2500 to 3000 watts? so in that case i'd need a 30amp circuit right? or is 2500w too high?

20A 120V will give you 2400W, but a 20A 240V circuit will provide for 4800W - which based on KNC's initial guesstimate will be enough safety and headroom for powering 1 Neptune.  Even though a 120V 30A circuit might be enough wattage if it were me I'd rather go with the dual hot wiring of 240V when running a big load 24/7.

yeah just realized that like 5min away from when i posted it..no computer access till now

DUH!

yeah...that is plain as mud now that a 220v/20amp 2 slot breaker will be just fine per Neptune esp when I'm gonna play it safe and only have 1 on a seperate 220v line each....(i can figure out that much)

with a 100amp service and no load from 'central' air conditioning and no force air furnace (boiler very small pump) I should be just fine...and if not well....I can always use a "gas stove" to get over that hump..it MAY get iffy in that i probably will have to get a 220v window air conditioner unit to fight down these  2 beasts heat output in july/august...but if worse comes to worse i can stop using the stove/oven for 1 month and scrimp....should be doable.....(again the friendly gas company for stove/oven and clothes dryer would be happy to have me jump ship)....

thanks hopefully this is of help to anyone else as clueless as i am on all this

back to our regularly scheduled "speculation" on the perils of bitcoin and if knc will ship neptunes in time! (cue dramatic music....gets popcorn)

Searing

[DPoS]

Has anyone done the math on 10,000-25,000 units @ 1TH? What's that equate to? lol

why stop there..  since you are just using numbers of what they said they are capable of producing (regardless of sales) why not say 400,000 units in a month?

[vesperwillow]

Has anyone done the math on 10,000-25,000 units @ 1TH? What's that equate to? lol

why stop there..  since you are just using numbers of what they said they are capable of producing (regardless of sales) why not say 400,000 units in a month?

They were doing 5,000 round batches every month. They're sold out through May. That's not guesswork based on production capability. 5*4=20. I just added a few for the behind-the-door sales they did. Even 5,000 units @ 1TH is going to be a kick in the nuts, but the fact is, they've sold far more than that, and their plan is simple: The design works, so keep ordering supplies and keep shipping them.

By the time the Neptune ($10,000) hits in April or May, you could order more hash power for half the cost from Cointerra, and it should arrive the same time. Theirs will also include dual power supplies, which some folks here desire.

[Searing]

Has anyone done the math on 10,000-25,000 units @ 1TH? What's that equate to? lol

why stop there..  since you are just using numbers of what they said they are capable of producing (regardless of sales) why not say 400,000 units in a month?

They were doing 5,000 round batches every month. They're sold out through May. That's not guesswork based on production capability. 5*4=20. I just added a few for the behind-the-door sales they did. Even 5,000 units @ 1TH is going to be a kick in the nuts, but the fact is, they've sold far more than that, and their plan is simple: The design works, so keep ordering supplies and keep shipping them.

By the time the Neptune ($10,000) hits in April or May, you could order more hash power for half the cost from Cointerra, and it should arrive the same time. Theirs will also include dual power supplies, which some folks here desire.

you could very well be correct....as much as i like to mine and KNC ...the refund on neptunes is an option to keep in mind...of course if cointerra continues to just flood market 5k units at a time lowering prices thru summer and fall..not to mention everyone else...well bitcoin will have to go up in price as difficulty rises or it won't be worth the elec to run miners or host or even gh farm (not that i know what i'm talking about ..but that is what comes to mind with me) ...if it is a run away flood of hash for the rest of the year that is....imho ebay acceptance and others making bitcoin going mainstream would probably help balance this out...but without that ...well.....don't want to scare my little self (clings to his imaginary 38 btc hoard and wimpers)

Searing

[vesperwillow]

Has anyone done the math on 10,000-25,000 units @ 1TH? What's that equate to? lol

why stop there..  since you are just using numbers of what they said they are capable of producing (regardless of sales) why not say 400,000 units in a month?

They were doing 5,000 round batches every month. They're sold out through May. That's not guesswork based on production capability. 5*4=20. I just added a few for the behind-the-door sales they did. Even 5,000 units @ 1TH is going to be a kick in the nuts, but the fact is, they've sold far more than that, and their plan is simple: The design works, so keep ordering supplies and keep shipping them.

By the time the Neptune ($10,000) hits in April or May, you could order more hash power for half the cost from Cointerra, and it should arrive the same time. Theirs will also include dual power supplies, which some folks here desire.

you could very well be correct....as much as i like to mine and KNC ...the refund on neptunes is an option to keep in mind...of course if cointerra continues to just flood market 5k units at a time lowering prices thru summer and fall..not to mention everyone else...well bitcoin will have to go up in price as difficulty rises or it won't be worth the elec to run miners or host or even gh farm (not that i know what i'm talking about ..but that is what comes to mind with me) ...if it is a run away flood of hash for the rest of the year that is....imho ebay acceptance and others making bitcoin going mainstream would probably help balance this out...but without that ...well.....don't want to scare my little self (clings to his imaginary 38 btc hoard and wimpers)

Searing

I love KNC's quality, their design, their team, etc. I really do. But in this market I have to remain open to simple facts. Price and Delivery Window is key for folks who want to mine without losing money. KNC did fairly well their first time around, I'd give them an A-. This time around, it's not looking so good for the average consumer miner. I have no doubt their machine will likely be able to pump out 4-6TH, but that exceeds the power capabilities of the consumer miner.

So for the non-consumer the Neptune will likely still be profitable.

Blackarrow is also a proven small-scale adversary to KNC. They have shipped good equipment this past year, and in the next month they're supposed to be shipping more large scale.

I believe 2014 will be a ramping-up year for BTC value and certainly ASIC shipment. Unless BTC value continues to rise, I don't see home-mining being something for BTC beyond 2015. Early projections of course, but that's just my take.

I wanted to invest in Cointerra, Blackarrow and KNC months ago, but didn't have the money. Now that I do, it's just a little late. I'll keep up my current efforts with the equipment I have.

[lemonte]

I doubt home mining is going to be around by the end of the year, though Cointerra and KNC have both been up front about this. Everything in Bitcoin is evolving quickly at the moment, adoption is up, massive advances in mining, I just wish the price would follow suit. Here's hoping that once the China situation which seems to be hanging over everyone like a dark cloud is out of the way, we see the price improving.

I also think it's quickly going to turn into a 2 horse race.

[DPoS]

it's hilarious to think that just because miners piss a hugely lopsided ratio into obtaining newly rewarded coins that the price of all coins in circulation rises...

that doesn't drive the price up..  just drives up the pain for the late to the party miners

[btcspender]

So if every cointerra batch is 5000 2TH miners each batch adds 1.4 billion difficulty? Yikes.

[lemonte]

it's hilarious to think that just because miners piss a hugely lopsided ratio into obtaining newly rewarded coins that all coins in circulation rises...

that doesn't drive the price up..  just drives up the pain for the late to the party miners

I wasn't saying they had a direct correlation, more just talking about advances in Bitcoin as a whole and that only the price wasn't following suit.

[greenbtc]

it's hilarious to think that just because miners piss a hugely lopsided ratio into obtaining newly rewarded coins that the price of all coins in circulation rises...

that doesn't drive the price up..  just drives up the pain for the late to the party miners

Somehow I don't think you know how an economy works

[btcspender]

Has anyone done the math on 10,000-25,000 units @ 1TH? What's that equate to? lol

25000 @ 1TH = 3.5 billion difficulty

So if neptunes don't ship to june and cointerra ship 6 months of 5000 machines @ 2TH about 8.5 billion difficulty just from cointerra.

So if you include blackarrow, bitmine, bitmain, hashfast etc who knows 20 billion+ lol

[RoadStress]

from BTCGuild's Team Rankings...  lookie lookie now

 AntMiner 276,666.14 GH/s
 KNCMiner 231,286.76 GH/s
 Alydian 207,890.13 GH/s


and climbing up fast
Most Shares (All Time)
 
1 KNCMiner 239,569,077,869
2 Alydian 193,744,548,104
3 Team America 61,268,394,803
4 China 60,267,113,130
5 Attrrb 48,771,108,708
6 Canada 48,366,174,551
7 Germany 40,876,292,380
8 Team Holland 36,683,234,072
9 San Diego 31,105,662,958
10 AntMiner 31,028,184,580

Bitcoinorama i know that you said that you have problems sourcing controller boards and KnC already kept 2/3 (nothing shipped December and January) of their miner protection program, but please please sell previous Jupiter customers more Jupiters.

[DPoS]

it's hilarious to think that just because miners piss a hugely lopsided ratio into obtaining newly rewarded coins that all coins in circulation rises...

that doesn't drive the price up..  just drives up the pain for the late to the party miners

I wasn't saying they had a direct correlation, more just talking about advances in Bitcoin as a whole and that only the price wasn't following suit.

what do you think drives up the price?    price discovery for btc is a very mysterious concept.  The more you think about it, the less you know.

The utility is the same whether the price of btc is $1 or $100,000.
Roughly the same amount of coins are mined each hour so the cost of mining them just creates a construct on those coins and a watermark for cost of future mining
But there are so many coins that were obtained for fractions of a dollar. They have to exchange hands at higher prices to create a new cost basis to try to cement a new perceived value

Instead of the petrodollar, could btc one day be the kwattdollar?   Where electricity is set in btc?

If so, then btc can have its own ecosystem and then the price goes through the roof..  but without that, the price is just whatever the whales on the exchanges feel they can keep getting a constant bid on their churn



 

[bobsag3]

from BTCGuild's Team Rankings...  lookie lookie now

 AntMiner 276,666.14 GH/s
 KNCMiner 231,286.76 GH/s
 Alydian 207,890.13 GH/s


and climbing up fast
Most Shares (All Time)
 
1 KNCMiner 239,569,077,869
2 Alydian 193,744,548,104
3 Team America 61,268,394,803
4 China 60,267,113,130
5 Attrrb 48,771,108,708
6 Canada 48,366,174,551
7 Germany 40,876,292,380
8 Team Holland 36,683,234,072
9 San Diego 31,105,662,958
10 AntMiner 31,028,184,580

Bitcoinorama i know that you said that you have problems sourcing controller boards and KnC already kept 2/3 (nothing shipped December and January) of their miner protection program, but please please sell previous Jupiter customers more Jupiters.

Actually Team DZ is now number 10 thank you very much

[DPoS]

Actually Team DZ is now number 10 thank you very much

you are looking at the wrong list.  most shares all time was where i showed antminer as 10 and still 10

right now antminer left BTCGuild (which should really cement that it is one entity not a group of people just adding to a BTCGuild team like KNC's)

thoughts on that?

PS..  now they are listed as only #12 at 22,766.00 GH/s so these may just be the customer side and some farm is bouncing around the large portion.

[newguy05]

the major cause of price gap is still news-driven, which triggers demand, every price gap you can map it to a news release.  The difficulty increase affects btc price in a minor way, in that as it is more expensive to produce btc which gives btc a sense of higher worth, just like other commodities. But mainly it's news that drives btc.  

If the day ever come that amazon accepts btc...watch out

[bobsag3]

Actually Team DZ is now number 10 thank you very much

you are looking at the wrong list.  most shares all time was where i showed antminer as 10 and still 10

right now antminer left BTCGuild (which should really cement that it is one entity not a group of people just adding to a BTCGuild team like KNC's)

thoughts on that?

Well we are #11 on most shares... catching up quick.
And we are a registered company.. just like Bitmain. Not sure how that makes a difference.

[DPoS]

If the day ever come that amazon accepts btc...watch out

not so sure that would be good short term..  if you followed the overstock situation, coinbase turned it into a reverse layaway plan.  They dropped their instant buy from 10btc/week to 1btc/week so if you are trying to shop for anything over ~$80 you will have to wait 5-7 days to buy enough coins from coinbase...  but if you already have 400 coins and want to cash out into items, then that is a lot more selling pressure than buying.