Topic: DigitalCoinFarm - Get shares to build your own cloud scrypt asic miner today - page 9. (Read 19234 times)

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.

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.

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.

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

Thanks for your concern, but we are able to think for ourselves and know the risk quite well.
And we also know that the potential reward is well worth the risk

For an internet stranger, he's doing a damn good job of building up the miners and an even better job of communicating with shareholders. A new day, a new div, and a new update on what's happening.

Who invested in this shit?  Jesus Christ, what is wrong with you?

DO NOT SEND YOUR MONEY TO SOME GODDAMN INTERNET STRANGER

how hard is that to understand, seriously?

That is really what Kumala and cryptostocks should have done a long time ago let people enter a bitcoinadress(+litecoin & devcoin for those with investments in that to) and use that as identifying towards shareissuers instead of an emailadress. But it's Kumala that have to change that feature, the individual asset issuer can't do much about it more than mailing kumala and reccomend that instead for better security.

The best browser security is NoScript. It is the only application that can block everything :  JavaScript, Java, Flash, other plugins, XSS and Clickjacking. I also use Ghostery for trackers.

Edward Snowden use and recommend them.

From this article.

The principle is quite simple : nothing will run unless you allow it.

Please use it.

There are tons of hacks and scams going on CS. It might be not smart to disclose your e-mail but having a 2fa password on CS and your e-mail adres will help a lot.
Also for most newbies that browser unsecurity on the internet will been mostly gettin hacked or run into a trojans/keyloggers and eventually blame the site.

My advice, get an up to date Internet Security and Antivirus protection software before you enter the financial world online.

All those guys that claims to be hacked on CS i doubt they have secured there system in fully. If they does fully secured their account and system then i might blame the owner of CS of all the hacking.


[/quote]

Hmm, funny how I thought this was a 2 man operation. In any case, crypto is a 24/7 business and I strongly suggest to appoint a PR rep.


I recommend him to associate the amounts of shares with BTC addresses, as they can be controlled in a much safer way than e-mail addresses. If that's not possible, then e-mail addresses are way to go. Although, I'm unsure what that requires from the shareholders, should we "Disclose email" in CryptoStocks general settings?

Of course, all that should pale in comparison when Colored Coins comes out of beta.

Hello all,


For this problem he didnt answer your email is he is very busy with his company.

But i mailed him on 24th march about if cryptostocks ever collaps what is the plan?

This is his reply and hope it will make u all understand he has a backup plan!



Thanks for notice about "collaps" problem.  I should keep shareholds's email for safe. It's important to protect shareholder's investment.  I will do that.

If that happen,  I will mail to everyone to get a best soultion for us.   I'm a programmer,  I might build a php website,
and create account for everyone,  and ask to enter btc address,  then i can pay dividends if cryptostock collaps.

another stock website is good idea too.

Anyway, i will keep mail list.

Thanks for notice.

Gray

It is not too late, a lot of shares are selling near 0.005 right now. Perhaps for the last time.

For the explanation (not necessarily for you) : ASIC scrypt miner cannot mine ASIC resistant coin like Vertcoin.

That mean that GPU will remain profitable even if high performance ASIC scrypt are released.


I talked with him few times. He reply when he's got the time.
Last time he was very busy with day-job and setting up the new hardware.

But maybe you know it and try to get cheap shares.

Please let's keep this thread informative and not speculative.

Well this sucks. I sent a mail to [email protected] 2 days ago. This was in the mail:


These are all valid concerns and I haven't even got a reply (for 2 days!). Now the whole IPO has been sold out. Guess I have to take my 10 BTC somewhere else.

That part? Where he actually said the GPU miners will be doing Vertcoin, because the ASICs can't do it?

i liked the part where he said he was going scypt asic mine Vertcoin lol

Wow, some big purchases to push it out of IPO! It's going to be an exciting week watching the dividends (and price) explode

Congratulations Gray on a successful IPO, keep up the good work!

The daily ROI I'm getting from this project is just stupid, and that was before the IPO closed.  Anyone who can do simple math can see that this will be fantastic when the next 11 ASICS come in over the next few days.

Wow, those last shares sold fast! Congrats everyone. Let's make some money together!