Swedish ASIC miner company kncminer.com

[RoadStress]

True. But things being equal rent and maintenance is more expenses.

We have a thread dedicated to Bitcoin miners colocation in the Mining forums. I did post a link a few post earlier. You only have to pay for power, not for rack space.

what is 'another thread'?  do you mean another web site?  or another internet like facebook?

i don't understand

Here: https://bitcointalk.org/index.php?topic=622998.0

[DPoS]

We all expected to have a stabilized decreasing difficulty rate but seems that wont happen for next months.

What the heck is happening, is it maybe the adjusted Btc price?

just shows you the real markup of making ASIC hardware

I think a few of us a month ago figured that KNC has around $80 cost per BTC at this point (all things considered) so why wouldn't everyone that has the means to pump out ASIC hardware keep pumping them out until the price goes below $100 or cost starts to ratchet up per BTC mined?

that's another reason KNC was so happy to unload all their bottom barrel jupiters off their shelves..  those were the boards not pulling their full weight and also btc was low $400 at the time..   perfect to unload to desperate greedy dumb schmucks.. even if they gave out twice the amount to some folks those boards were headed to the trashbin anyway

add to that some of these miner companies have junk miners that produce work but nary a block found... there is NO validation mechanism at this time on pools to weed out fugazi miners..  it is a case by case manual process

so not only the small time miner getting squeezed out by the big dogs on hash ratio..  they are also having their public pools getting dead weight junk miners sucking up share payouts while decreasing the % luck of the pool while private pools run at normal luck

you feel like a squashed bug on a windshield yet?

[s1gs3gv]

We all expected to have a stabilized decreasing difficulty rate but seems that wont happen for next months.

Miner hardware manufacturer marketing crap

[raskul]

The hashrate is almost 100PH who thinks KNC has Neptunes up and running yet?   The last 2 days especially alot of power has been added.

Lol, every preorder thread has this same conspiracy theory. "The hashrate is up so that must mean XYZ company is hashing with my miner rather than shipping it to me!"

News flash! There are many other companies, both public and private, building and shipping miners in massive volume. It sucks because this difficulty adjustment looked to be rather mild until the past couple of days. But thems the breaks!

some folks are just very narrow minded - it is always going to be the case, right up til 21million BTC and beyond, hashrate will increase. Anyone who doesn't expect this need to take time out, a hot bath and a big deep breath of reality. Forgive me for stating the obvious but there are indeed more than one ASIC manufacturer on the planet, and once every couple of difficulty rises, two or three do put rigs online at the same time.

i'm stating the obvious now, i'll stop.

Anyway; Neptunes. I am very interested to hear the latest news and see how KfC are coming along with their 'ground-breaking' efforts. Edinburgh has plenty of groundbreaking efforts, hence the reason I need to keep having the suspension on my car fixed. I assume that we will see a similarity with Edinburgh Potholes and Car Suspension as we will Neptunes (X2) and residential electric circuits.

 

[The Avenger]

Does any one knows whats the difference? Also I was there this bitcoin adress: 1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X
Blockchain means that there are double spends on it. Is it realy possible.

Are you saying the controller you got from KNC had details of mining to this address? The transactions started in early February 2014, which is exactly when kfc started the Boden DC.

Double spends? Of course! KNC are not honest. I bet their checks bounce too.

Bitcoin worth $20,000,000 has passed through address and yet knc force customers to pay the cost to return faulty/broken boards to them.

[samsonn25]

It's scary how the network can go up then down 2-3 ph just like that. That's like the power of a few thousand s2.  Someone is testing a large system right now.

[opentoe]

guess: 6 TH maybe little more 6.5 TH

nevertheless there is a slight chance they really accomplish a big one and 9 TH will be seen

remember they underestimated the jupiters ALOT last summer. first they said 150 GH later it became 300 GH and in the end 550+ GH

What?  

Surely you're joking, right?

no, why should i?

that's not a joke, that's total delusion 

just to clarify things. i have no preorders with knc. i went for refund a LONG time ago and made a decent profit with the nice BTC/USD rate.

nevertheless i know knc now for quite some time and their over-performance trackrecord should be obv to everyone who lingers around in this business longer then just a couple of months.

one important factor is to distinguish between their shipping failures and their data-center-bullshit etc and performance estimates. just cause they did this asshole style datacenter doesnt mean they dont know how to bulid ASICs anymore.

Not too long ago KNC was driving a Ford Explorer. After all the months of what has been happening and their core council is now rich to the guild, that Explorer is just going to sit in the drive way and rust away. They're not going to have the motivation to make that explorer run properly or look good anymore since now they are driving a G-Class SUV Mercedes. While they still can build a beautiful miner, why would they want to.

[Biffa]

The hashrate is almost 100PH who thinks KNC has Neptunes up and running yet?   The last 2 days especially alot of power has been added.

Lol, every preorder thread has this same conspiracy theory. "The hashrate is up so that must mean XYZ company is hashing with my miner rather than shipping it to me!"

News flash! There are many other companies, both public and private, building and shipping miners in massive volume. It sucks because this difficulty adjustment looked to be rather mild until the past couple of days. But thems the breaks!

Could it be massive mines upgrading? Someone has produced blades with the new ASICMiner chips that just swap with the old blades? All those freon vats of blades being upgraded, so you see a drop in hashrate, then a jump that climbs quickly higher than where it was before the drop.

[samsonn25]

Yes I'm sure the asm upgrades are part of it.   The guy in hk and megapower first.  Those old blades were the last remaining hogs. Even with liquid immersion.


EDIT:  Megabigpower was using BitFury not ASM.

[xstr8guy]

It's scary how the network can go up then down 2-3 ph just like that. That's like the power of a few thousand s2.  Someone is testing a large system right now.

That's just statistical noise. The network hashrate is just an estimate based on how often blocks are solved with the current difficulty... or something like that, lol. Someone else can explain it much better.

[samsonn25]

It's scary how the network can go up then down 2-3 ph just like that. That's like the power of a few thousand s2.  Someone is testing a large system right now.

That's just statistical noise. The network hashrate is just an estimate based on how often blocks are solved with the current difficulty... or something like that, lol. Someone else can explai
n it much better.

Yes.  And besides luck.  Usually more blocks are found by having more hashing power to do the calculations faster. So I would say there is a strong correlation.

[s1gs3gv]

It's scary how the network can go up then down 2-3 ph just like that. That's like the power of a few thousand s2.  Someone is testing a large system right now.

KNC. Elephant in the room. Be forewarned .. Neptune rises.

[s1gs3gv]

Double spends? Of course! KNC are not honest. I bet their checks bounce too.

Avenger, you don't know what you are talking about. Who is paying you to FUD like this ?

[Zelek Uther]

I got today my replacement controller back from KNC for my Super Jupiters.
There is the fimware: "KnC Jupiter Hosting 1.00-rc14" on it.

Does any one knows whats the difference? Also I was there this bitcoin adress: 1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X
Blockchain means that there are double spends on it. Is it realy possible.

The two super jup´s perfoming on 5900 to 6200. It´s ok for me. Oh and need 9500 Watts. I´m glad, that I got an 25Kwp PV system.

Thanks for the info on what looks to be a KnC mining address.

Not sure what you mean by "double spends" though.

[opentoe]

I forsee the future. Neptune's will eventually come out and all those who waited out will plug them in and keep blowing fuses.

[samsonn25]

I got today my replacement controller back from KNC for my Super Jupiters.
There is the fimware: "KnC Jupiter Hosting 1.00-rc14" on it.

Does any one knows whats the difference? Also I was there this bitcoin adress: 1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X
Blockchain means that there are double spends on it. Is it realy possible.

The two super jup´s perfoming on 5900 to 6200. It´s ok for me. Oh and need 9500 Watts. I´m glad, that I got an 25Kwp PV system.

Thanks for the info on what looks to be a KnC mining address.

Not sure what you mean by "double spends" though.

Addresses and wallets can be created at will, so anything publicly known means there is probably alot more other stuff we "dont" know about.  Just like mining in the "dark pool".

[mwizard]

Some people here seem to be reading too much into the network hash rate rising or falling by a couple of petahash over a short time. It is unlikely to be just people adding or removing miners.  It is much more likely to be statistical error caused by how the network hash rate is calculated.  

You can assume a 5% error in the displayed network hash rates.  For example a site may display a network hash rate of say 101.2345 petahash but in reality the network hash rate is likely to be anywhere between 96 and 106 petahash.  

In summary the network hash rate is only a statistical average with considerable error - assume a 5% error.

In the short term any KNC changes are likely to be swamped by the statistical noise in the network hash rate data.  It is the statistic noise that makes the network hash rate changes appear so random.
 
The Mathematical Details

I don't claim to be a mathematician but the following is based on my understanding.  The displayed network hash rates are based on the time taken to solve the last X blocks.  The average time to solve a block will be taken as 600 seconds with a standard deviation also of 600 seconds.  This assumes the block solve times following a poisson distribution.

The standard deviation falls as the square root of the number of samples.

Over 504 blocks the standard deviation on the average block solve time would be 600 / sqrt(504) or 26 seconds.  The standard deviation error in network hash rate is thus 26/600 or 4.5%.

Similarly for 24 hours the standard deviation in the network has rate would be 600/sqrt(24*6) or 50 seconds giving about an 8% error.

[samsonn25]

So at every level at check there is this standard deviation.  Without an absolute standard there is never a true value.

Im only saying there is alot of hooligans going on in the background, in Addition to the "rising hashrate" and "rising level of difficulty".

[s1gs3gv]

I forsee the future. Neptune's will eventually come out and all those who waited out will plug them in and keep blowing fuses.

I foresee the future. Neptune's will eventually come out and all those who waited will plug them in and own the future.

[MinermanNC]

asic scrypt miners will basically kill the scrypt market. Don't see the point in wasting money on these. It would be different if there was really only 1 coin to mine for as in BTC, besides scrypt coins are dying off to x11 and x13 coins..... you guys will be all alone competing against others with titans etc., so your right back where you started only 9,000 in debt. Might as well have stuck with GPUS.   They will make a nice  conversation piece though lol