Buying a KNC 550+ Yes or No

[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...