Swedish ASIC miner company kncminer.com

[edgar]

fuck 'em all!

they have met up, and colluded 'in secret' to fuck us all

so..... fuck 'em all!!

im going to spend the rest of my life wishing localised EMP storms all over their farms!

[BenTuras]

https://twitter.com/ben_turas/status/506730666864963584

@kncminer And what happens to the GHs not sold ? https://www.kncminer.com/pages/faq  "We will not mine with more than 5% of the hash rate we sell"

I know that you are not expecting a reply from KnC so I will try to answer you. Technically once they sell the hashrate they don't mine with it so they are within that statement.

Of course there is mining that is happening since Feb/March, but they don't care. FU Sam Cole and FU whole KnC team (except maybe Markus).

Yeah, but what happens with the hash rate before it is "sold" ?
I bet you only need one guess.

[RoadStress]

Yeah, but what happens with the hash rate before it is "sold" ?
I bet you only need one guess.

No need to guess. It's a known fact. It's burning the units for testing purposes!

[smoothrunnings]

I have a chance to buy two of EVGA's SuperNOVA NEX 1500 Classified PSU's (1500W each/OC to 1650W) for my Neptune.

http://www.evga.com/products/Specs/PSU.aspx?pn=FDDCBF04-5C70-4324-930F-E9295A96CEF5

What are your thoughts?

Thanks

[poodle63]

Does any one purchase jupiter chips to build miner already, I'm about to do it, any advice, thanks in advance!

[Dabs]

I wonder if we can buy hashing power, and use that to point to our own pool, or maybe even ck's pool (solo miner pool thing)... then hope to get 25 BTC by solving a block within the next 6 months during the hosting contract.

[RoadStress]

I wonder if we can buy hashing power, and use that to point to our own pool, or maybe even ck's pool (solo miner pool thing)... then hope to get 25 BTC by solving a block within the next 6 months during the hosting contract.

Don't think so:

Code:

* KnC Clear Sky Pool (PPS).

[Gator-hex]

What makes you think that some of us aren't massively profiting from these price drops?

For some of those shorting, a drop to $100 could spell instant retirement.

How does shorting works? I mean if you just sell the BTC you gain nothing. It works like in a forex where you open a sell order and when the price goes down then you make money? How many providers offers such services?

Sort of.  I borrow 100BTC from someone and sell it for $500/BTC.  Now I have $50,000 and 0BTC, but I owe that 100BTC back.  Let's say USD/BTC now drops down to $100/BTC.  I buy 100BTC, now I have 100BTC and $40,000.  I give the 100BTC back to the person I borrowed from and keep the $40,000 for myself (or convert that $40,000 to BTC at $100/BTC and keep that).

There's quite a bit more to it, but that's the basic idea.

As to who offers:  Bitfinex, BTC.sx, PLus500, and others I'm sure.

This is why people should hold their own gold/bitcoin/shares etc.
When you let an institution hold them for you they lend them out to shorters for a fee and you are just another creditor should they go bust.

[nightengale]

Soon capital will back to Bitcoin and Litecoin, will see~ after Ali's IPO success!

What is "Ali's IPO success"?

[TKeenan]

https://twitter.com/ben_turas/status/506730666864963584

@kncminer And what happens to the GHs not sold ? https://www.kncminer.com/pages/faq  "We will not mine with more than 5% of the hash rate we sell"

I know that you are not expecting a reply from KnC so I will try to answer you. Technically once they sell the hashrate they don't mine with it so they are within that statement.

Of course there is mining that is happening since Feb/March, but they don't care. FU Sam Cole and FU whole KnC team (except maybe Markus).

This is bullshit.  They still mine.  But they take the proceeds of that mining and resell it for their benefit.  That is mining.  They are totally outside the scope of their statement.  It is an outrage.  

KnC has now removed the 5% promise from their FAQ page.  I guess they think this means the promise no longer applies?  Did their promise to not mine more than 5% somehow get revoked?  What if we as customers/suckers believed they would hold to this promise and we relied upon that assurance when we made our decision to purchase their mining gear?  They think it is OK to go back on that promise now?

[shmadz]

Any news on when CA batch Neptune customers will get their bonus rig?

^^ Yeah, how about an update on this ^^

I am also getting antsy to get my hands on my bonus miner... The weather is starting to turn and I need more heaters!

[Cablez]

Soon capital will back to Bitcoin and Litecoin, will see~ after Ali's IPO success!

What is "Ali's IPO success"?

Alibaba's IPO recently?

[CrazyGuy]

Received a cloud hashing sales message today. Fortunately, the clear cut terms have made the math extremely easy.

$2k for 6 months hashing at 1th.

- With no difficulty increases, 1th will earn around 3.24 BTC over 6 months.
- $2k today will buy you around 4.10 BTC.
- In order to mine 4.10 BTC in 6 months, difficulty needs to drop to around 23 billion and stay there for 6 months.

This is a great deal if you believe hashrate is getting ready to drop below 23 billion and keep dropping.

[smoothrunnings]

Does anyone have any idea how much revenue KnC generates by mining?

2192 BTC a day.

[Airwhale]

Does anyone have any idea how much revenue KnC generates by mining?

According to http://organofcorti.blogspot.com/ , KnC currently hashes with about 5.8 petahashes of equipment.  (Give or take 1 petahash or so.)

So at current difficulty before costs,  that is about 106 BTC a day,  or 51,000 USD.

[samsonn25]

Does anyone have any idea how much revenue KnC generates by mining?

2192 BTC a day.

Whats that about 11 PH out of 208 PH  of the total network (5.3%) is pretty close estimation,   before electricity costs.

[btc_uzr]

Does anyone have any idea how much revenue KnC generates by mining?

According to http://organofcorti.blogspot.com/ , KnC currently hashes with about 5.8 picohashes of equipment.  (Give or take 1 picohash or so.)

So at current difficulty before costs,  that is about 106 BTC a day,  or 51,000 USD.

Down to 5.8 Picohash?...that would be nice 
pico = 10^-12

You meant petahash which is 10^15

[Airwhale]

Yep.  oops. corrected.

[smoothrunnings]

Does anyone have any idea how much revenue KnC generates by mining?

2192 BTC a day.

Whats that about 11 PH out of 208 PH  of the total network (5.3%) is pretty close estimation,   before electricity costs.

KNC doesn't pay for electricity, they steal it from the locals!

So its 100% profit for them.

[samsonn25]

lol