Buying a KNC 550+ Yes or No

[NineLives]

Hi guys,

I want to dive in and buy hardware of my own.  I've chosen the KNC and I'm willing to splash $4,995.

My question is:

1)  I'm an IT engineer and as a novice miner who hasn't mined before, will I struggle?
2)  I've done some calculations and it seems I'll re-earn what I spend in around 6-8 weeks even is the difficulty increases by 20%
3)  Or, rather then buying hardware and hoping for the best, invest it into something like CEX.io?

Your opinions are greatly appreciated.

Ta.

[squall1066]

1) No, if you can obtain I.P. from a router, your in.
2) depends if you mean your getting a pre-order or buying from someone else, If you preorder, It will cost you 20%more due to they don't show the VAT ontop of the 4995, Plus you will wait 6-8 weeks to get the thing. Real ROI is 6-8 months (if orderd today) as I see a 30% diff raise is more accurate.
3) Your best bet is to buy BTC and sit on it. Any investment is a risk, If I said my project was risk free I would be lying!

[Puppet]

2)  I've done some calculations and it seems I'll re-earn what I spend in around 6-8 weeks even is the difficulty increases by 20%

20% ? Not sure if serious.


Next jump, expected in about 5 days is ~50% to 400M.

[NineLives]

1) No, if you can obtain I.P. from a router, your in.
2) depends if you mean your getting a pre-order or buying from someone else, If you preorder, It will cost you 20%more due to they don't show the VAT ontop of the 4995, Plus you will wait 6-8 weeks to get the thing. Real ROI is 6-8 months (if orderd today) as I see a 30% diff raise is more accurate.
3) Your best bet is to buy BTC and sit on it.

Thanks for the quick response.

I really want to invest in gaining BTC.  I feel mining is the way?  Siting on BTC won't help me earn?

[Puppet]

I really want to invest in gaining BTC.  I feel mining is the way?  Siting on BTC won't help me earn?

Your BTC holding have been increasing on average 1000% per year. If you want more, mining most certainly isnt the way there anymore. Its a good way to lose about 50% of your investment.

[NineLives]

2)  I've done some calculations and it seems I'll re-earn what I spend in around 6-8 weeks even is the difficulty increases by 20%

20% ? Not sure if serious.


Next jump, expected in about 5 days is ~50% to 400M.

Oochh..  I c.

Which means a 550+ earning is more than halved if its delivered in 6-8 weeks

[squall1066]

1) No, if you can obtain I.P. from a router, your in.
2) depends if you mean your getting a pre-order or buying from someone else, If you preorder, It will cost you 20%more due to they don't show the VAT ontop of the 4995, Plus you will wait 6-8 weeks to get the thing. Real ROI is 6-8 months (if orderd today) as I see a 30% diff raise is more accurate.
3) Your best bet is to buy BTC and sit on it.

Thanks for the quick response.

I really want to invest in gaining BTC.  I feel mining is the way?  Siting on BTC won't help me earn?

If you really want to mine,

Rule 1) Make sure you dont spend BTC to earn BTC!
Rule 2)dont buy new! (pre-order) Get a bargin from someone cashing out on the forum (please escrow!)

True sitting on BTC wont earn you BTC, But you will gain in FIAT, Depends on what you want to accomplish.

[NineLives]

Ok, thank you guys for the great advice.

What about investing is companies like:  cex.io?

[squall1066]

Ok, thank you guys for the great advice.

What about investing is companies like:  cex.io?

You can always invest in my operation for small amounts/small reward  See sig.

To be honest I have not done much with cex.io, I also haven't herd much, so either a good sign or bad, Someone will advise you better.

[NineLives]

Ok, thank you guys for the great advice.

What about investing is companies like:  cex.io?

You can always invest in my operation for small amounts/small reward  See sig.

To be honest I have not done much with cex.io, I also haven't herd much, so either a good sign or bad, Someone will advise you better.

Are you more reliable then Labcoin lmao

[Puppet]

Oochh..  I c.

Which means a 550+ earning is more than halved if its delivered in 6-8 weeks

No, revenue will be cut by 33% week, and then again ~10 days later, and yet again another ~10 days later. In two months, you will be lucky to mine ~7 BTC per month with a jupiter.

If you think thats bad, if you want an even more effective way to burn your bitcoins, buy some of those cex.io mining shares.

[NineLives]

Oochh..  I c.

Which means a 550+ earning is more than halved if its delivered in 6-8 weeks

No, revenue will be cut by 33% week, and then again ~10 days later, and yet again another ~10 days later. In two months, you will be lucky to mine ~7 BTC per month with a jupiter.

If you think thats bad, if you want an even more effective way to burn your bitcoins, buy some of those cex.io mining shares.

+1

So its a no to buying cex.io too?

So just buy BTC and sit tight?

[frankenmint]

Oochh..  I c.

Which means a 550+ earning is more than halved if its delivered in 6-8 weeks

No, revenue will be cut by 33% week, and then again ~10 days later, and yet again another ~10 days later. In two months, you will be lucky to mine ~7 BTC per month with a jupiter.

If you think thats bad, if you want an even more effective way to burn your bitcoins, buy some of those cex.io mining shares.

+1

So its a no to buying cex.io too?

So just buy BTC and sit tight?

absolute yes to cex.io.  Please click my referral link below in the signature

[Paladin69]

Oochh..  I c.

Which means a 550+ earning is more than halved if its delivered in 6-8 weeks

No, revenue will be cut by 33% week, and then again ~10 days later, and yet again another ~10 days later. In two months, you will be lucky to mine ~7 BTC per month with a jupiter.

If you think thats bad, if you want an even more effective way to burn your bitcoins, buy some of those cex.io mining shares.

+1

So its a no to buying cex.io too?

So just buy BTC and sit tight?

Of course cex.io is bad.  They want you to spend 1000 btc for 120gh.  lol

[Vagnavs]

Oochh..  I c.

Which means a 550+ earning is more than halved if its delivered in 6-8 weeks

No, revenue will be cut by 33% week, and then again ~10 days later, and yet again another ~10 days later. In two months, you will be lucky to mine ~7 BTC per month with a jupiter.

If you think thats bad, if you want an even more effective way to burn your bitcoins, buy some of those cex.io mining shares.

+1

So its a no to buying cex.io too?

So just buy BTC and sit tight?

Of course cex.io is bad.  They want you to spend 1000 btc for 120gh.  lol

What? They can't be serious.. I was just looking at them briefly. Anyhow. Any feedback would be great
Regards,

Brian

[bigb159]

You are predicating your decision on the idea that KNC will deliver your device on time. Given that they still have August orders outstanding, you may or may not see your device by mid-Novemeber. Calculate your risk from there.

[squall1066]

You are predicating your decision on the idea that KNC will deliver your device on time. Given that they still have August orders outstanding, you may or may not see your device by mid-Novemeber. Calculate your risk from there.

+1

I made my calc's based on a respectable delivery time, I have been reading they are falling behind fast!

[Puppet]

actually you should make your calculations based not on the length of the order que, but it's depth, i.e. how many preorders they have. even if they can ship on time, that won't help you if they ship 5ph overnight. especially not if HF ships another 5PH in two weeks.

either you get screwed because they don't deliver or you get screwed because they do. the simple reality is that far too many preorders have been placed.

[Noruka]

for all the estimates i can find the only machines worth looking at are baby blues and Sierras from hastfast. The rest are too close to no ROI or a loss to make it worth while.

[Noogsy]

It mostly depends WHEN your machine can start hashing.
1 Terrahash/s wont be spitting out much in half a year.

Maybe you want to have my 25 of 40 shares of an already hashing Jupiter ?
(Power Supllies etc. already paid for, Paying out every sunday)
The Thread is here: https://bitcointalk.org/index.php?topic=316800.0

Cheers,
Noogs