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.

[1715461404]

1715461404

[1715461404]

1715461404

[1715461404]

1715461404

[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

[digitalindustry]

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.

Here is my advice .

In a few more diff  changes SHA256 will be under a paradox of difficulties. 

KnC are a reliable company becaue of the reasons I said they were previously, that was proven correct.

KnC will the be faced with a paradox of diminishing returns.

But

They will have something that is hard to buy, a good reputation.

So indeed what to do ......?

Scrypt ASIC is ultimately the answer , as the selling potential is far greater than SHA256.

Scrypt will own the ASIC market in just  a few short years.

So your dillema , chase this diff run or wait , I say do what you do but , keep some powder .

Cryptocurrency isnt just BTC.

[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.

Here is my advice .

In a few more diff  changes SHA256 will be under a paradox of difficulties. 

KnC are a reliable company becaue of the reasons I said they were previously, that was proven correct.

KnC will the be faced with a paradox of diminishing returns.

But

They will have something that is hard to buy, a good reputation.

So indeed what to do ......?

Scrypt ASIC is ultimately the answer , as the selling potential is far greater than SHA256.

Scrypt will own the ASIC market in just  a few short years.

So your dillema , chase this diff run or wait , I say do what you do but , keep some powder .

Cryptocurrency isnt just BTC.

Interesting..  Shall read about Scrypt BTC

[JungleBook]

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

No one knows anything about cex.io. "Caution"

[Sythyn]

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.

1) As a IT engineer it should be easy then. Just follow the instruction online..
2) Please assume the difficulty to increase 35%.
3) Cex.io is a good alternative but right now the price is insanely high for some reason. Avoid until price drop...

[petersiddle98]

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

Hahaha, no!!! cex.io is overpriced now...

[scotjam]

No one knows anything about cex.io. "Caution"

What we do know is that you get less than 10GH/s for 1BTC, which (depending on your difficulty assumptions) may or may not ever provide ROI

Holding BTC is not a bad plan

scotjam

[1l1l11ll1l]

No one knows anything about cex.io. "Caution"

What we do know is that you get less than 10GH/s for 1BTC, which (depending on your difficulty assumptions) may or may not ever provide ROI

Holding BTC is not a bad plan

scotjam

[SquallLeonhart]

Dont buy it, better mining equipment coming soon!!

[MarketTime]

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

Don't buy it....

[BitcoinAddicts]

Wait for KNC to come out with 2 TH/s...

[chaosknight]

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.

2) Assume the difficulty increase by 30% and if you are still in the profitable level, you can buy it..

[AvalonMiner]

I think its alot safer to cloud mine than to actually own the hardware since you can sell your gh at any time or buy more and it starts mining for you instantly. It pays into your account per block and you get paid in BTC, NMC, IXC and DVC. To start mining just click in my signature below

[Marinowner]

I think its alot safer to cloud mine than to actually own the hardware since you can sell your gh at any time or buy more and it starts mining for you instantly. It pays into your account per block and you get paid in BTC, NMC, IXC and DVC. To start mining just click in my signature below

cex.io is still overpriced!

[MilesJohan]

I think its alot safer to cloud mine than to actually own the hardware since you can sell your gh at any time or buy more and it starts mining for you instantly. It pays into your account per block and you get paid in BTC, NMC, IXC and DVC. To start mining just click in my signature below

cex.io is still overpriced!

Agree, so many referral link spaming nowadays....

[scotjam]

No one knows anything about cex.io. "Caution"

What we do know is that you get less than 10GH/s for 1BTC, which (depending on your difficulty assumptions) may or may not ever provide ROI

Holding BTC is not a bad plan

scotjam

[BRO - DO YOU EVEN ROI]

LOL

[MarketTime]

No one knows anything about cex.io. "Caution"

What we do know is that you get less than 10GH/s for 1BTC, which (depending on your difficulty assumptions) may or may not ever provide ROI

Holding BTC is not a bad plan

scotjam

[BRO - DO YOU EVEN ROI]

LOL

Whats so funny?

[hamiltino]

remember no one wants you to buy bitcoin mining rigs, because they don't want the diff to increase. yes bitcoin asic mining is still extremely profitable.

[Meizirkki]

Either buy BTC or a miner that's in stock for immediate shipment. They aren't all the time so be fast when a new batch arrives. 

[Corenin]

remember no one wants you to buy bitcoin mining rigs, because they don't want the diff to increase. yes bitcoin asic mining is still extremely profitable.

Really? Please show me some calculation cause it is extremely hard to break-even for me...

[petersiddle98]

remember no one wants you to buy bitcoin mining rigs, because they don't want the diff to increase. yes bitcoin asic mining is still extremely profitable.

No way, unless you have a device that freeze the difficulty...