DigitalCoinFarm - Get shares to build your own cloud scrypt asic miner today

[DeadwoodDan]

well, all right, but i'll probably be back to remind you who told you so around May or July

[1715049392]

1715049392

[1715049392]

1715049392

[thy]

KnCminers scryptminer looks increasingly interesting after there last announcement 27 mars about it's minimum hashrate will be 250 MH and that it's power consumption will only be 800-1000w.

The million dollar question thou is how much the difficulty will increase for litecoins in the future and how profitable on other altcoins will be then. I do think it looks like a good option for diversifying the investment and spreading out the risks/rewards to different areas.

Price 9 995 usd/250MH = 39.98 USD/MH
Watts/MH 800-1000 / 250 = 3.2-4 watt/MH
as a comparison gridseeds miners starts at 158 usd in small quantity's for ~330-380kh @ 8-11 watt so 416-479 usd/MH  24-29 watt/MH

So KnCminers Litecoin/scrypt ASICs will be the last one standing when all other scrypt mining equipment thats possible to buy or preorder today will have become unprofitable.


If one plugs in the numbers for the KnC miner here https://bitcoinwisdom.com/litecoin/calculator

Electricity Price: (USD/kWh) 0.10
Pool Fee: -8% (for a mining pool that mines most profitable coin and outperforms LTC by 8% based on how pools like wafflepool and cleverminer performed last month)
Hash Rate: (MH/s) 250
Hardware Power: (Watts) 1000
USD/BTC   431.505
Start Date: 75/105/135/165 (for delivery's 15jun/15july/15 aug/15 sept)
and then adjusts difficulty increase you come to the following avg difficulty increases for profitability:

LTC difficulty now  5 746

Delivery  avg %     diff at    BTC/      date reach       difficulty then
date      increase  delivery  week      profit
15 june    5.3%     17 897   2.564     15 dec  2014    249 000
15 july     4.4%     20 911   2.14       11 mars 2015   390 000
15 Aug     3.7%     23 699  1.784       6 mars 2015    187 000
15 Sept    3.3%     27 301  1.694      18 may 2015    273 000

The usd/btc on exchanges really is ridiculously low at the moment so any investment in mining equipment when the funds comes from BTC is effected a lot negative by it, but when the price jumps up a bit to 500-600 usd at least the numbers would become slightly better.
The litecoin difficulty will surely jump up to 20-25k at least, just based on KnC's ASICs if they sell out there batch of 2 500 units but the question is if it can keep increasing in the same rate after that, probably not so the profit will likely be better than the calculations indicate.

[superresistant]

The KNC hardware is just promises. In the meantime, a Chinese manufacturer can appear out of nowhere with similar specs but available right now.
What if KNC is 6 or 10 months late ? This happen all the time.
We better look for other manufacturers.
Also GPU mining will remain profitable with other algo than scrypt.
The hyper centralisation of Litecoin mining could put down its value to near zero.

[thy]

The KNC hardware is just promises. In the meantime, a Chinese manufacturer can appear out of nowhere with similar specs but available right now.
What if KNC is 6 or 10 months late ? This happen all the time.
We better look for other manufacturers.
Also GPU mining will remain profitable with other algo than scrypt.
The hyper centralisation of Litecoin mining could put down its value to near zero.

It's possible but hardly likely that there will pop up Chinese manufacturer that matches there specs in the near future, maby there will be competitors late 2014, early 2015 that can match the USD/MH and watt/MH.
I doubt that there is possible that KnC will miss there deadline by 6-10 months, they were a couple of days late on there first Jupiter/Saturn line of bitcoin ASICs and maby they will be month late on there Neptune line but they will compensate buyers with the mining income for that time from there farm in northern Sweden instead so for the buyer of Neptunes a possible delay wont mean any loss.
The reason they just say Q2-Q3 is most likely that there not 100% sure they can have it on the market before 1 july but they think it's possible and surely they wouldn't be more than 3 months after that date(and still within there timeframe, it's not BFL or Hashfast were talking about here..) to market with it, second half of Q3 is most likely the latest it can possibly be if everything in the process takes longer time than anticipated.
Just mention it as i think it would be a good complement to coinfarms current rather heavy weigh on btcminer that will decrease it's return faster over time than litecoin or other scrypt coin mining.

Gridseed may be coming with better priced hardware soon thou(thats way more likely that other competitors matching the specs of Knc soon) with more chips per unit, but probably not down on Knc's pricelevel/MH and the power consumption would probably just be marginally better on bigger units than there 5chip unit and the question there would be if they would mine in what the difference in price is in the time until KnC's miners arrives. If Gridseed would cut there price today down to 50 usd(under 1/3 of there list price of 158 usd) per 350kh miner for example, with 3.7% difficulty increase it would mean they make there price back by 4 sept 2014 and if they would make such reduction in price then we surely should go for such units instead for the scrypt mining, but until the price goes down to such levels KnCminers scryptasics is still an interesting option for the scrypt mining in the future i think.

[superresistant]

It's possible but hardly likely that there will pop up Chinese manufacturer that matches there specs in the near future, maby there will be competitors late 2014, early 2015 that can match the USD/MH and watt/MH.
...but until the price goes down to such levels KnCminers scryptasics is still an interesting option for the scrypt mining in the future i think.

I understand but you haven't considered the fact that the money invested in a future hardware is not mining right now.

You have to consider the loss from not mining for xx months.

[zombie_steve_jobs]

Why is this stock falling? Do people not want to triple the number of bitcoins they hold in the next year? Do you not trust gray? Why don't you email him then? He responds 100% of the time. Are people just panic selling their bitcoins?

[aisdoge]

I was wondering about the price drop as well. I ended up buying more shares today at .0047. Let's hope this pays off!

[zombie_steve_jobs]

I've been talking with Gray today.
There may be something to do with GPU XPM mining.

Will update.

can you elaborate on this?

[thy]

Why is this stock falling? Do people not want to triple the number of bitcoins they hold in the next year? Do you not trust gray? Why don't you email him then? He responds 100% of the time. Are people just panic selling their bitcoins?

It's probably nothing to worry about, some people may be inpatient after they waited for the 60k shares to sell out, they may have expected the price to raise faster or more and when it diden't happen "fast enouth" one or a few people sold off a few shares or it may have been someone that needed a certain amount of btm/btc that checked what options they had to free up capital they had invested in stocks and where they would loose the least by selling off a positions they had invested in, such things happens all the time on different bitcoinshares, people sell shares at pricelevels that don't match the value of the stock.

[superresistant]

I've been talking with Gray today.
There may be something to do with GPU XPM mining.
Will update.

can you elaborate on this?

https://bitcointalk.org/index.php?topic=548230.0
http://primegpu.com/faq.html

[gnomicide]

Why is this stock falling? Do people not want to triple the number of bitcoins they hold in the next year? Do you not trust gray? Why don't you email him then? He responds 100% of the time. Are people just panic selling their bitcoins?

It's probably nothing to worry about, some people may be inpatient after they waited for the 60k shares to sell out, they may have expected the price to raise faster or more and when it diden't happen "fast enouth" one or a few people sold off a few shares or it may have been someone that needed a certain amount of btm/btc that checked what options they had to free up capital they had invested in stocks and where they would loose the least by selling off a positions they had invested in, such things happens all the time on different bitcoinshares, people sell shares at pricelevels that don't match the value of the stock.

This is what I'm thinking as well. 1 month of having BTC locked into these shares during IPO, there's bound to be people who just want to move them elsewhere at whatever the current price, now that they're able to. Or they're happy with the 5-10% gain from a quick sale.

I figure it's still worth reinvesting dividends at least until the prices gets up to 0.01, considering there's still a number of machines coming which are yet to start mining.

[Verge]

I just invested in 25 shares, looking forward to seeing my dividends come rolling in.

[lynn_402]

"6 x 1000ghs miner will be arrived tomorrow morning.  I double check with ship company.  took 4 days to arrived.. I hate weekend...."

What an admirable dedication

[Chellger]

I also don't understand the price drop. At this crazy ROI it would last only 200 days to get back the initail investment. And 30 days are already behind me. I'm somewhat optimistic on this one.

[gnomicide]

Yeah, it needs new investors to buy up the sell orders. About 17 BTC right now worth of buyers needed to get it back up to 0.005. There's way more people buying than selling (trade history), but it's not yet enough total capital to chew through the sell wall.

Advertising would be a great idea, especially after the successful IPO and a perfect dividend track record of 43 days and counting.

[aisdoge]

I've been reinvesting all my dividends so far. We need to get this stock moving!

[traderman]

If you are re-investing your dividend isn't it better to have lower prices? which is what we have now!

I've been reinvesting all my dividends so far. We need to get this stock moving!

[gnomicide]

Well the ideal is to be worth 0.00001 while you're buying, then shoot up to 10000 just before you want to sell, but I'd rather my initial investment appreciate in value and have my dividends buy a bit less than the other way around.

[Antoine777]

did you received the mail about dividend for 04/09 and 04/10 ? I received the dividends but not the mails.

[traderman]

same here, dividends are coming in, but the email confirmation isn't.

did you received the mail about dividend for 04/09 and 04/10 ? I received the dividends but not the mails.