Author

Topic: Buying a KNC 550+ Yes or No (Read 4765 times)

sr. member
Activity: 272
Merit: 250
November 16, 2013, 11:01:48 PM
#40
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...
legendary
Activity: 1008
Merit: 1000
November 16, 2013, 07:55:23 PM
#39
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...
hero member
Activity: 616
Merit: 500
November 16, 2013, 07:10:39 PM
#38
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.  Smiley

hero member
Activity: 644
Merit: 500
P2P The Planet!
November 16, 2013, 06:57:56 PM
#37
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.
full member
Activity: 188
Merit: 100
November 16, 2013, 12:32:52 PM
#36
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?
sr. member
Activity: 269
Merit: 250
November 15, 2013, 10:28:06 PM
#35
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
sr. member
Activity: 378
Merit: 250
November 15, 2013, 09:23:14 PM
#34
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 Smiley

cex.io is still overpriced!

Agree, so many referral link spaming nowadays....
newbie
Activity: 17
Merit: 0
November 15, 2013, 12:54:35 PM
#33
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 Smiley

cex.io is still overpriced!
member
Activity: 84
Merit: 10
November 15, 2013, 11:30:37 AM
#32
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 Smiley
hero member
Activity: 868
Merit: 1000
November 15, 2013, 10:58:55 AM
#31
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..
hero member
Activity: 502
Merit: 500
November 15, 2013, 07:22:01 AM
#30
Wait for KNC to come out with 2 TH/s...
full member
Activity: 188
Merit: 100
November 15, 2013, 05:48:45 AM
#29
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://bitcointalksearch.org/topic/verkauft-25-anteile-von-jupiter-04-aus-menigs-gb-preis-reduziert-316800

Cheers,
Noogs

Don't buy it....
legendary
Activity: 2464
Merit: 1102
November 13, 2013, 08:39:16 AM
#28
Dont buy it, better mining equipment coming soon!!
legendary
Activity: 1274
Merit: 1000
November 12, 2013, 12:52:28 PM
#27
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

sr. member
Activity: 269
Merit: 250
November 07, 2013, 07:54:48 PM
#26
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
sr. member
Activity: 272
Merit: 250
November 06, 2013, 10:04:05 AM
#25
Oochh..  I c.

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

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 Grin

Hahaha, no!!! cex.io is overpriced now...
hero member
Activity: 1082
Merit: 505
A Digital Universe with Endless Possibilities.
November 06, 2013, 08:11:20 AM
#24
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...

full member
Activity: 183
Merit: 100
November 05, 2013, 09:53:44 PM
#23
Oochh..  I c.

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

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 Grin

No one knows anything about cex.io. "Caution"
sr. member
Activity: 252
Merit: 250
November 05, 2013, 05:54:29 PM
#22
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
hero member
Activity: 798
Merit: 1000
‘Try to be nice’
October 27, 2013, 05:38:27 AM
#21
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.
full member
Activity: 190
Merit: 100
October 24, 2013, 11:28:22 AM
#20
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://bitcointalksearch.org/topic/verkauft-25-anteile-von-jupiter-04-aus-menigs-gb-preis-reduziert-316800

Cheers,
Noogs
sr. member
Activity: 910
Merit: 253
October 23, 2013, 08:43:55 AM
#19
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.
legendary
Activity: 980
Merit: 1040
October 22, 2013, 08:50:42 AM
#18
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.
copper member
Activity: 2310
Merit: 1032
October 22, 2013, 07:27:15 AM
#17
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!
full member
Activity: 163
Merit: 100
October 22, 2013, 06:25:27 AM
#16
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.
legendary
Activity: 1121
Merit: 1003
October 21, 2013, 11:43:28 PM
#15
Oochh..  I c.

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

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
hero member
Activity: 784
Merit: 1000
October 21, 2013, 11:02:06 PM
#14
Oochh..  I c.

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

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
legendary
Activity: 1456
Merit: 1018
HoneybadgerOfMoney.com Weed4bitcoin.com
October 21, 2013, 08:39:29 PM
#13
Oochh..  I c.

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

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 Grin
sr. member
Activity: 252
Merit: 250
October 21, 2013, 12:48:49 PM
#12
Oochh..  I c.

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

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?
legendary
Activity: 980
Merit: 1040
October 21, 2013, 12:27:30 PM
#11
Oochh..  I c.

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

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.

sr. member
Activity: 252
Merit: 250
October 21, 2013, 12:04:52 PM
#10
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  Grin 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 Wink
copper member
Activity: 2310
Merit: 1032
October 21, 2013, 11:56:50 AM
#9
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  Grin 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.
sr. member
Activity: 252
Merit: 250
October 21, 2013, 11:54:07 AM
#8
Ok, thank you guys for the great advice.

What about investing is companies like:  cex.io?
copper member
Activity: 2310
Merit: 1032
October 21, 2013, 11:52:51 AM
#7

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.
sr. member
Activity: 252
Merit: 250
October 21, 2013, 11:50:56 AM
#6
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 Sad
legendary
Activity: 980
Merit: 1040
October 21, 2013, 11:50:07 AM
#5
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.
sr. member
Activity: 252
Merit: 250
October 21, 2013, 11:48:13 AM
#4

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?
legendary
Activity: 980
Merit: 1040
October 21, 2013, 11:46:19 AM
#3
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.
copper member
Activity: 2310
Merit: 1032
October 21, 2013, 11:44:16 AM
#2
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!
sr. member
Activity: 252
Merit: 250
October 21, 2013, 11:32:44 AM
#1
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.
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