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Author Topic: KnCMiner Openday Wednesday 5th & Monday 10th June  (Read 78366 times)
fragout
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June 11, 2013, 10:20:35 AM
 #981


890 total. Is this individual units or can say order number 800 have 10+ units

                                 
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June 11, 2013, 10:23:43 AM
 #982

890 orders that can contain 1 or more units.
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June 11, 2013, 10:27:49 AM
 #983

@FloridaBear,
Anywhere near south florida?
Fort Lauderdale here

Im up in Deerfield Beach myself!

♫ This situation, which side are you on? Are you getting out? Are you dropping bombs? Have you heard of diplomatic resolve? ♫ How To Run A Cheap Full Bitcoin Node For $19 A Year ♫ If I knew where it was, I would take you there. There’s much more than this. ♫ Track Your Bitcoins Value
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June 11, 2013, 10:30:25 AM
 #984

Where is asicminer getting their TH's from? If they can deploy this much this fast why cant anybody else?

♫ This situation, which side are you on? Are you getting out? Are you dropping bombs? Have you heard of diplomatic resolve? ♫ How To Run A Cheap Full Bitcoin Node For $19 A Year ♫ If I knew where it was, I would take you there. There’s much more than this. ♫ Track Your Bitcoins Value
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June 11, 2013, 10:56:15 AM
 #985

They don't have great ideologies like Yifu

You really believe that Yifu has some ideology other than making bank?

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June 11, 2013, 11:29:48 AM
 #986

I can respect your thought process on this one, however don't underestimate the motivation for riches... I'm not rich by any means, but I can tell that if I had the knowledge, means, and most importantly a couple of million dollars that magically landed into my account by random strangers I would make it my goal in life to shit asic's if that was what was needed to keep the money flowing. Now by no means are these guys rich or proven, which arguably works against them, but I'm sure they will give it their damndest to make sure they can give something to their grandchildren. Hopefully its not just a couple million they swindled off some schmucks online... but time will tell.

As for the whole idea of mining your way to success, any investor worth his weight in salt wouldn't even think about dropping 50 million , let alone a million on a unofficially recognized currency that's volatile as hell, and has virtually no serious outlets in which to dump all your golden coins(and no, I doubt Mt'Gox would be able to bring in enough dollars to unload all the coin at a profitable rate). They know this... Its better to sell 10 suckers a pick and get a surefire quick buck than it is to spend hours trying to pan for gold, even if we are the asses wanting the pick, its not hard to understand the concept.  Grin

Admittedly, I am invested in this whole thing, and I have to admit that myself like others are dreaming of sunshine and rainbows, and close to a terrahash of mining power in an environment where BTC is at-least worth $100 USD and difficulty lingering around 100M.  But I am also aware that it could all be a very expensive lesson and nothing more than a pipe dream. Alot of people are overextended in this, and I hope for those that are mortgaging  the house that it pays off but the reality is, your right... there is risk, but nothing good ever comes easy, and Fortune favors the bold.

Lets just hope everyone makes it out of this without triggering another mortgage crisis...

Not every investor wears a suit and tie. US investors are known for their risk taking, hence massive SV 1st round funding. Risk reward. Look at asicminer. He got lots of americans to end up valuing his company at $7m.

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June 11, 2013, 11:30:24 AM
 #987

They don't have great ideologies like Yifu

You really believe that Yifu has some ideology other than making bank?

Yes. He SOLD B1 for 300k rather than mining it for $3-8m a MONTH.


$5m seed funding when you're playing with 1 month mining + 2 month lead IRL ROIs. Prove the concept as soon as first hardware deploys = as much funding as you can take.


So now from $50m we are down to $5m? I'm still waiting for you to tell me how long would it take to actually mine $50m or even $5m. The numbers may be big now, but don't forget that until September there will be many many ASIC in the wild (avalon chips, MAYBE retards bfl, ASICMiner plan to deploy another 100TH, 100TH project, Bitfury and so on) so you can't actually make a good projection on how mining will be. Second of all nobody can predict the price. What's the use of xxxxxx bitcoins if the price is way lower than it is today. Why do you think none of the people who made ASIC raised the funds totally outside the bitcoin community? I think many thought about it, but actually doing so may be a lot harder that it seems.  If you think it's that easy go ahead and do it yourself. Find a good team of ASIC developers, find someone with money and start mining for yourself Smiley

If i understood correctly they aren't doing a full custom ASIC chip. They are doing a hard copy from a FPGA one and that seems to be a lot easier and a lot cheaper to do than a custom one.

P.S. of course they can run tomorrow with the money, but the probability is a lot smaller than BFL let's say.

Edit: TheSwede75 i know bitcoin it's the hottest thing, but comparing to any other real life business i still think that there are a lot more skeptics when it comes to this. What amount of money do you say it could be easily funded for a bitcoin business?

Its not about mining $50m instantly, its a fucking investment. You need to do some googling on funding rounds mate.


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June 11, 2013, 11:37:38 AM
 #988

but appearantly soemone is mining with batch II and batch III.

and they may ship their chips very close after batch III, leaving batch III fools (like me) in the rain. what kind of ideology is this ?   Cry
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June 11, 2013, 11:43:19 AM
 #989

dogie,
He raised the money to make B1 by selling pre-orders.

He claims to wish to be a chip manufacturer... in reality he is a chip reseller,
If he was as altruistic as you claim, he would NOT charge markupsmas they currently are.

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June 11, 2013, 11:45:17 AM
 #990

dogie,
He raised the money to make B1 by selling pre-orders.

He claims to wish to be a chip manufacturer... in reality he is a chip reseller,
If he was as altruistic as you claim, he would NOT charge markupsmas they currently are.
xD He is funding the next generation of chips, you're really really far behind.

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June 11, 2013, 11:47:25 AM
 #991

No KNC latest news?
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June 11, 2013, 11:55:46 AM
 #992

and they may ship their chips very close after batch III, leaving batch III fools (like me) in the rain. what kind of ideology is this ?   Cry
With your Avalon batch 3 shipped this month or even next, you can easy mine 150 btc in a year. Avalon chips will be only ~150 Thash and not added in an instant to the network.
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June 11, 2013, 12:14:38 PM
 #993

dogie,
He raised the money to make B1 by selling pre-orders.

He claims to wish to be a chip manufacturer... in reality he is a chip reseller,
If he was as altruistic as you claim, he would NOT charge markupsmas they currently are.
xD He is funding the next generation of chips, you're really really far behind.

Why is that?
Because he wishes to sell them?
The tripling of Batch #3 price... where did all those BTC go?


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June 11, 2013, 12:16:51 PM
 #994

and they may ship their chips very close after batch III, leaving batch III fools (like me) in the rain. what kind of ideology is this ?   Cry
With your Avalon batch 3 shipped this month or even next, you can easy mine 150 btc in a year. Avalon chips will be only ~150 Thash and not added in an instant to the network.

this i doubt very very much. after knc they will not do much good. an avalon batch III will mine around 100 btc until the end of the year. if it is shipped soon.

if you believe it will be more - feel free to buy my shares of two avalon batch III projects i am selling. (https://bitcointalk.org/index.php?topic=169095.0 , https://bitcointalk.org/index.php?topic=158992.0)
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June 11, 2013, 12:22:55 PM
 #995

dogie,
He raised the money to make B1 by selling pre-orders.

He claims to wish to be a chip manufacturer... in reality he is a chip reseller,
If he was as altruistic as you claim, he would NOT charge markupsmas they currently are.
xD He is funding the next generation of chips, you're really really far behind.

Why is that?
Because he wishes to sell them?
The tripling of Batch #3 price... where did all those BTC go?

To pay for next gen to secure the network. I'm not claiming anything, this is from him.

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June 11, 2013, 12:26:37 PM
 #996

...
this i doubt very very much. after knc they will not do much good. an avalon batch III will mine around 100 btc until the end of the year. if it is shipped soon.

if you believe it will be more - feel free to buy my shares of two avalon batch III projects i am selling. (https://bitcointalk.org/index.php?topic=169095.0 , https://bitcointalk.org/index.php?topic=158992.0)
I'm hardly any good in understanding english, can you PM me, what your shares are about?
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June 11, 2013, 12:37:31 PM
 #997

For those who is interested.


Psst.. Got Ether?
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June 11, 2013, 12:45:46 PM
 #998

I think they are waiting for bank transfers. In my case, I got the invoice on the 6th of june, I have to make conversions at my bank wich are really slow. I started it on last friday and I can send the money to KNC tomorrow, and it takes about 3 or 4 days to arrive at KNC's account. Wire transfers are really slow....

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  So cut, cut, cut me up and fuck, fuck, fuck me up"
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June 11, 2013, 01:05:45 PM
 #999

@FloridaBear,
Anywhere near south florida?
Fort Lauderdale here

Im up in Deerfield Beach myself!

Sweet!, Did you order any units?, If so let me know, maybe we can create a local pool, send me a PM when you get a chance
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June 11, 2013, 03:21:22 PM
 #1000

@FloridaBear,
Anywhere near south florida?

Tampa Bay area...Bradenton actually.
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