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Author Topic: Is the KnCMiner Jupiter the best Mhash/s/$ and other questions  (Read 1133 times)
crisscross1993 (OP)
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September 25, 2013, 12:13:58 AM
Last edit: September 25, 2013, 07:21:57 AM by crisscross1993
 #1

I have a few questions as of now what is the best Mhash/s/$ miner is it the KnCMiner Jupiter which is 70 Mhash/s/$ compared to Avalon 2's 50 Mhash/s/$

What other future miners should I look out for i'm thinking of getting a Contra the one that costs $6,000 when it comes out.

Are there any ways that miners can give away your anonymity for example do any miners send information to the company that makes it or can the bit coins being gained be traced to my computer, I just don't like the idea of other people knowing how much money I have, though within legal means.

If normally it can be traced is there any way to stop that.

Are there any good guides to setting up a KnCMiner Jupiter.

Can you be taxed for bit coins gained in anywhere in the world England specifically.

Can you over clock it and if so how much can you.

Also a poster said that I wouldn't get my cash back from it is that true I worked out that at 400,000 hash rate at $5,000 I would get the cash back in 23 days I would get ether $226.14 USD or $223.17 USD per day depending on the calculator used per day.
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crisscross1993 (OP)
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September 25, 2013, 12:37:01 AM
 #2

I edited the info.
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September 25, 2013, 01:26:01 AM
 #3

Please help.
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September 25, 2013, 01:35:04 AM
Last edit: September 25, 2013, 01:58:04 AM by dwdoc
 #4

If you didn't purchase from KnCminer the first day it was offered you will not make your investment back on that device.  Ever since Avalon batch two it has been rare to recoup the cost of any mining device.  With difficulty rising you are probably better off just purchasing bitcoin.

However, bitcoins collected mining cannot be traced back to your computer.  

Regarding taxes, in most countries you are only liable for profit gained once you convert bitcoin back to fiat.
crisscross1993 (OP)
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September 25, 2013, 07:05:24 AM
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How come at $5,000 you can make the money back in 23 days every day I would earn 226.14 USD

I really want to get into bit coin mining I think its gotten into a kind of golden age and it wont last so I want to make the most of it and get as much cash as possible as fast as possible.
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September 25, 2013, 09:16:30 AM
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Oh I also updated the thread.
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September 25, 2013, 11:47:04 AM
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Come on guys.
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September 25, 2013, 01:11:09 PM
Last edit: September 25, 2013, 11:52:53 PM by dwdoc
 #8

You will only make that much per day if you have that device in your hand today. Hashrate difficulty is rising exponentially. Jspielberg has one of the better calculators. Import his spreadsheet below and you can enter the GH/s and start date and see how ittle you will generate.  The golden age of mining is over.

https://docs.google.com/spreadsheet/lv?key=0Auya3iRE6az1dDc0UVgwMU52YVpTazVjSHByOGNiWHc&usp=sharing
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September 25, 2013, 02:13:35 PM
 #9

Come on guys.

You may get some more detailed help in the KnCMiner forum: http://forum.kncminer.com 
Good Luck

Adrian

www.byteminr.com
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