Swedish ASIC miner company kncminer.com

[Phoenix1969]

Got a reply about the invoice.....  they are building a new invoicing system... and the one sent to me was some kind of prelim-test.
Probably in prep for the hosted offers...  or yet another batch?    just a guess.
 Here's a translate of the linked article posted a bit ago

[1714768494]

1714768494

[The Avenger]

10 MW @ 1W/GH = 10Th? 100TH? Seems fine by me with 100TH.

Yeah. A nov jup is about 1.2kw, so that's only about 8000 Jupiters. Only, he said.

Quite a bit more than 5% I'd say.

But of course, it's only to give their neptune customers free hashing in case of delays. And then they are melting down all the old jupiters for scrap metal.

[RoadStress]

10 MW @ 1W/GH = 10Th? 100TH? Seems fine by me with 100TH.

Yeah. A nov jup is about 1.2kw, so that's only about 8000 Jupiters. Only, he said.

Quite a bit more than 5% I'd say.

But of course, it's only to give their neptune customers free hashing in case of delays. And then they are melting down all the old jupiters for scrap metal.

A nov jup is NOT 1.2kW. I remember i saw people drawing ~800-900W.

So 10MW=1000kW= ~8000 TH? Is this right?(that's about 1/3 of total hashrate) I'm bad at math.

[Phoenix1969]

scary being the lot pictured is still bare....   I hope its another lot...  one that has been developed a bit more....lol

[DPoS]

So far, the people saying things like this are also the same people who got everything else wrong in this thread. Meanwhile myself, Avenger, and our non-english speaking friend, have had really great projections and speculation-come-true.

Bitcoin works well at $10 or $100? What does that matter? I'm sure it would work well at $1,000,000 also. Sounds like some folks are just upset and want hardware makers to suffer.

what were your projections on price?   you don't understand price discovery..  if a penny stock only lets out a small float with hype and then later releases many more shares, the price goes into a slow decline which is what we will see for a long time.  The amount of bitcoins in play are increasing with utility and continued mining.


cloudhashing is a scam..  buying is always cheaper.   good luck finding enough suckers knc

[Phoenix1969]

So far, the people saying things like this are also the same people who got everything else wrong in this thread. Meanwhile myself, Avenger, and our non-english speaking friend, have had really great projections and speculation-come-true.

Bitcoin works well at $10 or $100? What does that matter? I'm sure it would work well at $1,000,000 also. Sounds like some folks are just upset and want hardware makers to suffer.

what were your projections on price?   you don't understand price discovery..  if a penny stock only lets out a small float with hype and then later releases many more shares, the price goes into a slow decline which is what we will see for a long time.  The amount of bitcoins in play are increasing with utility and continued mining.


cloudhashing is a scam..  buying is always cheaper.   good luck finding enough suckers knc

My spin on it....
The 3500 btc per day isn't going to increase, it's going to decrease by 1/2 every 4 years. With all the new miners getting shipped... the present 3500 will be spread thinner & thinner, creating a greater demand, which raises the price. I expect it to be ongoing for years... and as adoptation sweeps the globe....  thinner....thinner

[pedrosoft]

So far, the people saying things like this are also the same people who got everything else wrong in this thread. Meanwhile myself, Avenger, and our non-english speaking friend, have had really great projections and speculation-come-true.

Bitcoin works well at $10 or $100? What does that matter? I'm sure it would work well at $1,000,000 also. Sounds like some folks are just upset and want hardware makers to suffer.

what were your projections on price?   you don't understand price discovery..  if a penny stock only lets out a small float with hype and then later releases many more shares, the price goes into a slow decline which is what we will see for a long time.  The amount of bitcoins in play are increasing with utility and continued mining.


cloudhashing is a scam..  buying is always cheaper.   good luck finding enough suckers knc

I agree with you

[The Avenger]

A nov jup is NOT 1.2kW. I remember i saw people drawing ~800-900W.

So 10MW=1000kW= ~8000 TH? Is this right?(that's about 1/3 of total hashrate) I'm bad at math.

Sheesh. I said ABOUT 1.2kw, I didn't say WAS 1.2kw. They recommend 1.2kw psu, so that's where the figure comes from.

If it were (not IS) 1kw per nov jup, then they could power probably 9500 Nov Jupiters (ISH, factoring in other equipment and losses etc).

9500x650GH = ~ (< engineering symbol for "roughly") 6000TH

KNC have sold 3600x3TH machines, which is 10800TH

[merv77]

10 MW @ 1W/GH = 10Th? 100TH? Seems fine by me with 100TH.

Yeah. A nov jup is about 1.2kw, so that's only about 8000 Jupiters. Only, he said.

Quite a bit more than 5% I'd say.

But of course, it's only to give their neptune customers free hashing in case of delays. And then they are melting down all the old jupiters for scrap metal.

A nov jup is NOT 1.2kW. I remember i saw people drawing ~800-900W.

So 10MW=1000kW= ~8000 TH? Is this right?(that's about 1/3 of total hashrate) I'm bad at math.

close enough

10,000,000 watts / 750 watts for jupiter = 13,333 jupiters
13,333 * 650 = 8,450,000 GH/s
8,450TH/s

next possible news letter from KNC......
'better save some coins handy for KNC bitcoin mining farm.' 

if can beat them, join them

[The Avenger]

if can beat them, join them

I bet Sam said something like that when he marched into the knc customer service department and told them they were all going on holiday - to the arctic circle to build a datacentre

[dropt]

I pity highschoolers who have to call others names in order to make a point.
That said,  three months projection is NOT a 3 year projection, duh!
70-80% monthly projection made 3 months ago by the referenced site turned out to be pretty accurate, but go ahead, make a better one....crickets.

Three months ago the calculator was at ~103%.  It predicted a difficulty of 4B for Jan and 8B for February.  Get your facts straight.

[vesperwillow]

So far, the people saying things like this are also the same people who got everything else wrong in this thread. Meanwhile myself, Avenger, and our non-english speaking friend, have had really great projections and speculation-come-true.

Bitcoin works well at $10 or $100? What does that matter? I'm sure it would work well at $1,000,000 also. Sounds like some folks are just upset and want hardware makers to suffer.

what were your projections on price?   you don't understand price discovery..  if a penny stock only lets out a small float with hype and then later releases many more shares, the price goes into a slow decline which is what we will see for a long time.  The amount of bitcoins in play are increasing with utility and continued mining.

cloudhashing is a scam..  buying is always cheaper.   good luck finding enough suckers knc

I have never made official projections on the price of BTC because it's far too young and volatile right now. I was shocked to see it rise as much as it did this early into the game, I will say that much, so my thoght is in line with what you're saying. I just think it's a moot point right now.

I'm almost convinced the pump in price was done through market manipulation by certain groups which have large holdings of BTC and plenty of mining power. There is a pattern to price flux and equipment purchases if you look at it closely. Price goes high when there's a trend in equipment purchase in Asia, and is low before and after. It seems like some people are basically just giving themselves discounts on more hashpower, but that's for another speculation forum.

My difficulty estimates for months have been almost spot-on, except the jump in December where I overshot it due to an unnamed company  not shipping.

Almost every call myself and a few others have made on KNC, weeks and months in advance, has been accurate as well--the good and the bad. It pays to be more of an observer than anything with regard to these startup companies.

Buying and trading has done me well also. I've made more with those methods (especially scrypt coins->btc), than by simply mining. Mining for "serious profit" went out the window long ago. Miners from here on out are just going to be like highway overpass supports--supporting the network, but overlooked and underpaid, certainly not making profits.

Until such time as BTC value actually takes off. The demand simply isn't there right now, there's far more supply than demand or utility.

[RoadStress]

10 MW @ 1W/GH = 10Th? 100TH? Seems fine by me with 100TH.

Yeah. A nov jup is about 1.2kw, so that's only about 8000 Jupiters. Only, he said.

Quite a bit more than 5% I'd say.

But of course, it's only to give their neptune customers free hashing in case of delays. And then they are melting down all the old jupiters for scrap metal.

A nov jup is NOT 1.2kW. I remember i saw people drawing ~800-900W.

So 10MW=1000kW= ~8000 TH? Is this right?(that's about 1/3 of total hashrate) I'm bad at math.

close enough

10,000,000 watts / 750 watts for jupiter = 13,333 jupiters
13,333 * 650 = 8,450,000 GH/s
8,450TH/s

next possible news letter from KNC......
'better save some coins handy for KNC bitcoin mining farm.' 

if can beat them, join them

Now what if they will offer special prices for previous customers on their cloud mining?

[The Avenger]

cloudhashing is a scam..  buying is always cheaper.   good luck finding enough suckers knc

lol, they already have 3600 cloud hashing customers.

"Sorry, neptune delays, have 3TH in our datacentre" = 3600 cloud hashing customers

And the joke is - these 3600 customers paid to build their datacentre and to fit it out with 35000 jupiters.

But KNC will own the building and machines, the customers will own nothing but 3TH for life (aka, nada 6 after months).

It's a win win.

[dropt]

TGB's 60 and 90 day estimates aren't garbage, they've done fairly well over the last few months. Back in September it was showing about a billion for January, and that wasn't far off.

No, it really is garbage.

So far, the people saying things like this are also the same people who got everything else wrong in this thread. Meanwhile myself, Avenger, and our non-english speaking friend, have had really great projections and speculation-come-true.

Sure thing, buddy.

Bitcoin works well at $10 or $100? What does that matter? I'm sure it would work well at $1,000,000 also. Sounds like some folks are just upset and want hardware makers to suffer.

They have made not one, or two, but millions of dollars.  I don't think stopping the train there is considered suffering by any stretch of the word.

[pedrosoft]

I pity highschoolers who have to call others names in order to make a point.
That said,  three months projection is NOT a 3 year projection, duh!
70-80% monthly projection made 3 months ago by the referenced site turned out to be pretty accurate, but go ahead, make a better one....crickets.

Three months ago the calculator was at ~103%.  It predicted a difficulty of 4B for Jan and 8B for February.  Get your facts straight.

Most of the preditctions are totally wrong.

Many profit calculators do not consider that most of those that have mining hardware are individuals who have , in most cases,  low-cost and low power consumption hardware. But I think these represent 60% of all.

With the current costs of hardware and eletricity only a few will continue mining Bitcoin and then the difficulty magically settle with increases of a maximum of 15-20 %  

[MrPresident]

cloudhashing is a scam..  buying is always cheaper.   good luck finding enough suckers knc

lol, they already have 3600 cloud hashing customers.

"Sorry, neptune delays, have 3TH in our datacentre" = 3600 cloud hashing customers

And the joke is - these 3600 customers paid to build their datacentre and to fit it out with 35000 jupiters.

But KNC will own the building and machines, the customers will own nothing but 3TH for life (aka, nada 6 after months).

It's a win win.

There went reselling machines.... 

[dropt]

Most of the preditctions are totally wrong.

Many profit calculators do not consider that most of those that have mining hardware are individuals who have , in most cases,  low-cost and low power consumption hardware. But I think these represent 60% of all.

With the current costs of hardware and eletricity only a few will continue mining Bitcoin and then the difficulty magically settle with increases of a maximum of 15-20 %  

Many calculators do not take into account the physical limitations on a fixed percentage increase per month.

For the difficulty to double in the next month 20PH of new hardware has to ship.  In order for that trend to continue, from Mar-Apr 40PH of new hardware ships.  After that, 80PH of new hardware has to ship.

The massive increases seen in the last year are because of the following:

GPU -> 1st gen ASIC = ~ 8571% increase per unit
1st ASIC -> 2nd ASIC = ~ 500% increase per unit
2nd ASIC -> 3rd ASIC = ~ 300% increase per unit.

Since we're currently in the move from 2nd to 3rd gen ASIC, what we've already experienced is the GPU -> 2nd gen increase which is ~70,000% per unit.  Now compare that to the ~300% increase moving from 2nd -> 3rd.

There's still some rough territory to cover, but the bulk of the massive percentage increases is over.  Caveat: dont' confuse percentage and magnitude.

[Biodom]

Most of the preditctions are totally wrong.

Many profit calculators do not consider that most of those that have mining hardware are individuals who have , in most cases,  low-cost and low power consumption hardware. But I think these represent 60% of all.

With the current costs of hardware and eletricity only a few will continue mining Bitcoin and then the difficulty magically settle with increases of a maximum of 15-20 %  

Many calculators do not take into account the physical limitations on a fixed percentage increase per month.

For the difficulty to double in the next month 20PH of new hardware has to ship.  In order for that trend to continue, from Mar-Apr 40PH of new hardware ships.  After that, 80PH of new hardware has to ship.

The massive increases seen in the last year are because of the following:

GPU -> 1st gen ASIC = ~ 8571% increase per unit
1st ASIC -> 2nd ASIC = ~ 500% increase per unit
2nd ASIC -> 3rd ASIC = ~ 300% increase per unit.

Since we're currently in the move from 2nd to 3rd gen ASIC, what we've already experienced is the GPU -> 2nd gen increase which is ~70,000% per unit.  Now compare that to the ~300% increase moving from 2nd -> 3rd.

There's still some rough territory to cover, but the bulk of the massive percentage increases is over.  Caveat: dont' confuse percentage and magnitude.

I agree that trend will decrease, but to what and when? I don't think that it is very predictable. Difficulty was on a rampage in Dec, Jan and still going strong with few of the stated majors shipping (cointerra and hashfast just started). Do you know chinese shipping capacity? What are 21e6 doing? What some other "smart" governments or private individuals doing? It is unknowable.

[dropt]

I agree that trend will decrease, but to what and when? I don't think that it is very predictable. Difficulty was on a rampage in Dec, Jan and still going strong with few of the stated majors shipping (cointerra and hashfast just started). Do you know chinese shipping capacity? What are 21e6 doing? What some other "smart" governments or private individuals doing? It is unknowable.

I believe predictions can be made, but to what level confidence is the question.  I think it's too soon to properly guage how relevent CoinTerra and HF shipping will be, we don't know if they'll ship thousands of units in a short time frame, or if they'll slowly leak out the door like BFL.