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Topic: KNC, 100% of their hashing is currently going into their own pocket. - page 5. (Read 10855 times)

hero member
Activity: 924
Merit: 1000
yeeah , on a testnet !?
And everybody will troll they fixed the tests, like that wil work.....
No they wont— it's not possible to "fix" testnet mining any more than mainnet mining, hashing is it's own proof....  at least not anymore than you have on the mainnet:  How do you know thats KNC hardware hashing and not just a bitfury device or a couple avalons/bfls?
Business men everywhere are all the same.  What they do is limited by the laws of where they operate?
If you think otherwise, you are very naive.
And the contracts they form with their investors and customers. I wonder why so many people here give money to companies that use it to turn around and compete with them?
It's proof it's hashing. They will stop, just shut up for a day.
No, it's not proof— after all, it could just as easily be some other hardware. They won't stop either— perhaps temporarily, but you can go find pictures of their build-out in the thread.

I find is strange that Moderators like gmaxwell are taking this path. I thought this forum was neutral to everything and let user decide for themselves.
So, my ability to just use the forum like anyone else vanishes when I say something you don't like? I see.
If a mod can troll the reputation of a wannabe legit ASIC manufacturer, whyfore can the mod NOT receive such damage to his rep?
"troll the reputation"— uh, pointing something out, and saying that I'd be furious about it if I were a customer...  If their reputation is going to be dinged by some disapproval, then perhaps they ought not do things that are so easily disapproved of. Smiley  If you don't think this is a reason someone should be unhappy, then please feel free to ignore it.


Here is a question... what is your take on the Monarch offering from BFL?

More than willing to listen to gripes about KnC from Mods or respected members of the community but why are those same people so 'SELECTIVE' when they want to make a point? That is why I suspect mods should just steer clear of it all together and or balance out their disdain and give equal time to the more obvious recalcitrant companies who post blatant lies like BFL and Avalon.
legendary
Activity: 1904
Merit: 1007
Why aren't you also blaming Avalon? There are numerous reports of units full of dusts and with pre-made settings.
Why would I be blaming Avalon? I'm not blaming KNC.  If anyone at all, I'm blaming their customers.  Avalon customers— well, post-batch-1 customers have already been punished enough to not get flak from me, dontcha think?

I'm generally pretty harsh on hashing power consolidations. They undermine the security assumptions of the Bitcoin system. Review my posts if you like.

I'll play your game. Why isn't Avalon's name right now near KNC? Also why didn't you blame/warn Avalon's customers after people reported that they got their Batch 2 units full of dust?
legendary
Activity: 1274
Merit: 1000
I guess I feel a bit left out of all the trolling—

KNC is now mining on their hardware, while customers wait for it to ship:

http://eligius.st/~wizkid057/newstats/userstats.php/17Czc8RVL3FU5T2MLx2zLbRnpfBNgH9vFo

This is, as far as I know, 100% of the KNC hashrate in existence. Pedantically speaking, it means that KNC is violating their 5% commitment.

Testing doesn't involve using the production network. Production mining is unlikely to test finding blocks— whereas testnet, or replays of past found blocks are more complete tests.  Mining on the mainnet increases the difficulty and takes income from customers who are waiting on units that will be late.  Every bit of earlier mining is worth large amounts of future mining due to expected growth.

I do not understand why miners keep funding mining hardware companies that mine in competition with their own customers.


Who's account would you propose that they test on? This would need to be 100% fair to all buyers of the KNC hardware of course.
staff
Activity: 4284
Merit: 8808
However true, I would criticise the timing of the OP  Grin. You have angered the natives, and it seems that as far as rational debate goes, you can choose between sacrificial heart eating and crucifixion.
Are you kidding? I'm perfectly happy to watch people with poor emotional control and interesting agendas show their true colors.
like yourself??
I guess I'm a little slow, feel free to spell it out for me.
sr. member
Activity: 280
Merit: 250
Hell?
However true, I would criticise the timing of the OP  Grin. You have angered the natives, and it seems that as far as rational debate goes, you can choose between sacrificial heart eating and crucifixion.
Are you kidding? I'm perfectly happy to watch people with poor emotional control and interesting agendas show their true colors.

like yourself??

LOL +1 MILLION.

BURRRRRN

and so so so true.
sr. member
Activity: 462
Merit: 250
However true, I would criticise the timing of the OP  Grin. You have angered the natives, and it seems that as far as rational debate goes, you can choose between sacrificial heart eating and crucifixion.
Are you kidding? I'm perfectly happy to watch people with poor emotional control and interesting agendas show their true colors.

like yourself??
staff
Activity: 4284
Merit: 8808
However true, I would criticise the timing of the OP  Grin. You have angered the natives, and it seems that as far as rational debate goes, you can choose between sacrificial heart eating and crucifixion.
Are you kidding? I'm perfectly happy to watch people with poor emotional control and interesting agendas show their true colors.
legendary
Activity: 3430
Merit: 3080
However true, I would criticise the timing of the OP  Grin. You have angered the natives, and it seems that as far as rational debate goes, you can choose between sacrificial heart eating and crucifixion.
hero member
Activity: 784
Merit: 1000
Wait, what?  All I see is one Jupiter running?
staff
Activity: 4284
Merit: 8808
Why aren't you also blaming Avalon? There are numerous reports of units full of dusts and with pre-made settings.
Why would I be blaming Avalon? I'm not blaming KNC.  If anyone at all, I'm blaming their customers.  Avalon customers— well, post-batch-1 customers have already been punished enough to not get flak from me, dontcha think?

I'm generally pretty harsh on hashing power consolidations. They undermine the security assumptions of the Bitcoin system. Review my posts if you like.
full member
Activity: 156
Merit: 100
Don't ANY of you see the larger picture here?  Mining Companies hashing on live Network after customers paid Millions for those devices.  As an Example, Bitfury was nearly 35% of the network when they first rolled out their gear.  https://ghash.io/

Instead of thinking a couple days or weeks down the line, look a few months down the line and how do you see the Bitcoin Network?  Are any hobby miners going to be able to survive when there are 10 Hardware companies making up 80% of the total (Now Centralized) Network.

KnC has done a great job in getting their gear out in record time so far but the point about mining remains imho.
legendary
Activity: 1904
Merit: 1007
Hilarious desperation of trolling
Goes well with the hilarious desperate defenses. ... If you don't think there is anything wrong with how some miner hardware companies compete with their own customers even while late on their delivers— then there is nothing to defend and nothing to see here.

What's actually wrong is the impartiality of the Mods. Why aren't you also blaming Avalon? There are numerous reports of units full of dusts and with pre-made settings.
sr. member
Activity: 280
Merit: 250
Hell?
Hilarious desperation of trolling
Goes well with the hilarious desperate defenses. ... If you don't think there is anything wrong with how some miner hardware companies compete with their own customers even while late on their delivers— then there is nothing to defend and nothing to see here.

lol you're such a moron. this thread is so pointless.
staff
Activity: 4284
Merit: 8808
Hilarious desperation of trolling
Goes well with the hilarious desperate defenses. ... If you don't think there is anything wrong with how some miner hardware companies compete with their own customers even while late on their delivers— then there is nothing to defend and nothing to see here.
legendary
Activity: 1904
Merit: 1007
Edit: But they already said they will mine with their own farm. So? At least they had the decency to let customers know...
Indeed, but "no more than 5%", after it was demanded by customers. It's currently 100% as far as I can tell. Pedantry, ... sure, a bit, but the most important mining is the earliest.

You are either drunk or high. Do you really think that 0.5Th/s is 100% of their total hashing amount? They got lots of units to ship and they can mine with a lot more, but they don't. They just need X minutes to assemble one more unit.

Actually your thread title is very correct and will remain correct no matter the terms, because 100% of THEIR hashing will always go into their own pocket Wink
sr. member
Activity: 462
Merit: 250
Edit: But they already said they will mine with their own farm. So? At least they had the decency to let customers know...
Indeed, but "no more than 5%", after it was demanded by customers. It's currently 100% as far as I can tell. Pedantry, ... sure, a bit, but the most important mining is the earliest.

Hilarious desperation of trolling
full member
Activity: 168
Merit: 100
yeeah , on a testnet !?
And everybody will troll they fixed the tests, like that wil work.....
No they wont— it's not possible to "fix" testnet mining any more than mainnet mining, hashing is it's own proof....  at least not anymore than you have on the mainnet:  How do you know thats KNC hardware hashing and not just a bitfury device or a couple avalons/bfls?
Because matches the Eligius link.

Business men everywhere are all the same.  What they do is limited by the laws of where they operate?
If you think otherwise, you are very naive.
And the contracts they form with their investors and customers. I wonder why so many people here give money to companies that use it to turn around and compete with them?
Was there some contract where it was stated that they are not allowed to mine with their own equipment? I missed this. Wouldn't it just be prudent that if you're producing mining equipment that you also eat your own dog food?

It's proof it's hashing. They will stop, just shut up for a day.
No, it's not proof— after all, it could just as easily be some other hardware. They won't stop either— perhaps temporarily, but you can go find pictures of their build-out in the thread.
Again, the same unit on the laptop in the posted Youtube video is the one hashing.

I have no horse in this race ($0 in KnC gear), but I can't see that this "discovery" really makes a point. They are late on their promises, which is a problem by itself, but if they are mining with one of their own units, I don't think this is damning.
staff
Activity: 4284
Merit: 8808
Edit: But they already said they will mine with their own farm. So? At least they had the decency to let customers know...
Indeed, but "no more than 5%", after it was demanded by customers. It's currently 100% as far as I can tell. Pedantry, ... sure, a bit, but the most important mining is the earliest.

So what's the point of this thread exactly?
See the OP: "I do not understand why miners keep funding mining hardware companies that mine in competition with their own customers."

Besides, sometimes it's fun to watch the crazy partisans froth here and there.
legendary
Activity: 1904
Merit: 1007
yeeah , on a testnet !?
And everybody will troll they fixed the tests, like that wil work.....
No they wont— it's not possible to "fix" testnet mining any more than mainnet mining, hashing is it's own proof....  at least not anymore than you have on the mainnet:  How do you know thats KNC hardware hashing and not just a bitfury device or a couple avalons/bfls?
Business men everywhere are all the same.  What they do is limited by the laws of where they operate?
If you think otherwise, you are very naive.
And the contracts they form with their investors and customers. I wonder why so many people here give money to companies that use it to turn around and compete with them?
It's proof it's hashing. They will stop, just shut up for a day.
No, it's not proof— after all, it could just as easily be some other hardware. They won't stop either— perhaps temporarily, but you can go find pictures of their build-out in the thread.

I find is strange that Moderators like gmaxwell are taking this path. I thought this forum was neutral to everything and let user decide for themselves.
So, my ability to just use the forum like anyone else vanishes when I say something you don't like? I see.
Quote
What do you have to win here by doing this?
Nothing. I was idling in Eligius' IRC channel and Bargraphics linked to the announcement. I thought it was ridiculous that KNC was mining on mainnet, competing with their own customers, while they are waiting on now late equipment. Thus the post.

So what's the point of this thread exactly?

Edit: But they already said they will mine with their own farm. So? At least they had the decency to let customers know...
sr. member
Activity: 322
Merit: 250
I gave you a negative trust rating because of this horseshit FUD.
Worst faggy waste of forum resources that I have seen today.
From a frikkin moderator in this very subforum, no less.

That has nothing to do with the rating system. This is an abuse of the rating system.
Feel free to give me a negative rating, then. I don't give a shit, because I don't need to pretend to show impartiality, like you two SHOULD.
Spreading bullshit about a company because it is in your financial interests to see them fail (or insert whatever reason here) please tell me how that is NOT an issue of trust -OR (I should say) - a violation of trust.

Or, is this place one where trolls have taken over, and should not be called out as such?
If he cared about his reputation, he shouldn't be such a dumbass, right?
The Trust Rating System was rolled out well after I became a member, as such, I signed no TOS regarding it.
It was called for (well, some system of rating others, not this one) in part because of the LACK of impartiality shown by bitcointalk mods and staff. Favoritism shown to some, vitriol toward others.

If a mod can troll the reputation of a wannabe legit ASIC manufacturer, whyfore can the mod NOT receive such damage to his rep?
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