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Topic: KNC, 100% of their hashing is currently going into their own pocket. - page 6. (Read 10795 times)

legendary
Activity: 3430
Merit: 3071
The typical swarm of locusts descends to fight to the cannibalistic death over the latest mining drama  Cheesy

The only solution to this mess is the ROI-pocalypse. Post-ASIC mining cannot get to a stable short-term outcome scenario too soon. I fear it will take anything up to 6 months, though.
staff
Activity: 4172
Merit: 8419
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.
full member
Activity: 156
Merit: 100
https://ghash.io/

Bitfury has been mining over 100TH/s for about 6 weeks...Now they're at 220TH/s.

I sure don't agree with Hardware companies Selling us Millions of $$ of mining hardware while they're mining 10%-40% of the whole damn network!~!  While We wait for our gear to get delivered
full member
Activity: 196
Merit: 100
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.


Are you serious? Cant tell if trolling the trolls or just retarded.

You know, the old books did always say the only way to get rid of a troll is by the proper application of fire  Tongue
legendary
Activity: 1792
Merit: 1047
if a troll is in the forest, under a bridge, and no one pays him a toll - has the troll done its job by preventing others passage?
lets change around some semantics:
If a global moderator feels compelled to nitpick a company for using an address on their 1st prototyped completed unit and yet turns around and accepted bfl money for years...does that make him a global Troll???  JOHN K?HuhHuh?
It's a bit trolly to pick on KNC with only .5 TH online— which is why I made the "I guess I feel left out of the trolling" comment. But I really don't understand why people tolerate manufacturers competing with them. Battered wife syndrome perhaps.
Its nothing as I see avalon testing some terahashes in eligius in months and keep customers to wait and waste of ROI.
It's funny, before avalon had products in existence they made a nice strongly worded comment about how competent testing doesn't involve mining on the network (a position I agree with). As far as I know they didn't mine at scale on the mainnet to test batch 1 units... but the later stuff?  Yea. That also falls into my bin of "why the heck are people tolerating this??".


Seriously???

I've been telling ppl they're full of it for 600+ pages.

What will it take for everyone to get in on the program?

 They haven't made a heck of a lot - http://blockexplorer.com/address/17Czc8RVL3FU5T2MLx2zLbRnpfBNgH9vFo Anyway, they've been working all weekend so maybe they need some beer money - or Champagne money - and they deserve it!  Finally a company that is a class act and still we aren't happy...
 Kudos to KnC!!!

Take care

 

Smiley

https://blockchain.info/address/17Czc8RVL3FU5T2MLx2zLbRnpfBNgH9vFo
legendary
Activity: 3808
Merit: 7912
if a troll is in the forest, under a bridge, and no one pays him a toll - has the troll done its job by preventing others passage?
lets change around some semantics:
If a global moderator feels compelled to nitpick a company for using an address on their 1st prototyped completed unit and yet turns around and accepted bfl money for years...does that make him a global Troll???  JOHN K?HuhHuh?
It's a bit trolly to pick on KNC with only .5 TH online— which is why I made the "I guess I feel left out of the trolling" comment. But I really don't understand why people tolerate manufacturers competing with them. Battered wife syndrome perhaps.
Its nothing as I see avalon testing some terahashes in eligius in months and keep customers to wait and waste of ROI.
It's funny, before avalon had products in existence they made a nice strongly worded comment about how competent testing doesn't involve mining on the network (a position I agree with). As far as I know they didn't mine at scale on the mainnet to test batch 1 units... but the later stuff?  Yea. That also falls into my bin of "why the heck are people tolerating this??".


Seriously???

I've been telling ppl they're full of it for 600+ pages.

What will it take for everyone to get in on the program?

 They haven't made a heck of a lot - http://blockexplorer.com/address/17Czc8RVL3FU5T2MLx2zLbRnpfBNgH9vFo Anyway, they've been working all weekend so maybe they need some beer money - or Champagne money - and they deserve it!  Finally a company that is a class act and still we aren't happy...
 Kudos to KnC!!!

Take care

 
KS
sr. member
Activity: 448
Merit: 250
if a troll is in the forest, under a bridge, and no one pays him a toll - has the troll done its job by preventing others passage?
lets change around some semantics:
If a global moderator feels compelled to nitpick a company for using an address on their 1st prototyped completed unit and yet turns around and accepted bfl money for years...does that make him a global Troll???  JOHN K?HuhHuh?
It's a bit trolly to pick on KNC with only .5 TH online— which is why I made the "I guess I feel left out of the trolling" comment. But I really don't understand why people tolerate manufacturers competing with them. Battered wife syndrome perhaps.
Its nothing as I see avalon testing some terahashes in eligius in months and keep customers to wait and waste of ROI.
It's funny, before avalon had products in existence they made a nice strongly worded comment about how competent testing doesn't involve mining on the network (a position I agree with). As far as I know they didn't mine at scale on the mainnet to test batch 1 units... but the later stuff?  Yea. That also falls into my bin of "why the heck are people tolerating this??".


Seriously???

I've been telling ppl they're full of it for 600+ pages.

What will it take for everyone to get in on the program?
sr. member
Activity: 462
Merit: 250


 Roll Eyes

then buy them, as much as you can. pre-order 10 TH if you can for 40 $/GH. make my bitcoins safer and raise their value by 500 %.

sure thing, and will write off tons of losses on my taxes and have free mining farm!!!   winning!!
legendary
Activity: 2688
Merit: 1468
Please don't compare long term Swedish business men with greedy no business manners chinese pussies.

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.

If they run business, they run it to maximize profit.  Period.
If they run a non-profit organization, that is a different story.
sr. member
Activity: 322
Merit: 250
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.

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.


lol, you give him positive trust
LOL
Tito's vodka: makes invisible checkmarks appear
yxt
legendary
Activity: 3528
Merit: 1116
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.

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.


lol, you give him positive trust
legendary
Activity: 1904
Merit: 1007
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.


Greed.

BTW, KNC will mine the shit out of the hardware before it is delivered.

Sure they will send out the samples to the most outspoken members, but the rest of Joe Schmoes will have to dust off their units once they receive them.  I don't think it will be as bad as Avalon (borderline criminal in EU, US and Canada) since they do have to deal with EU regulations and laws.

The address we see here is just for the show.  So expect many blocks to be found by unknown IPs if they decide to setup solo farms.

Who will stop them from producing more hardware to mine for themselves?  There are no laws against it.  It makes perfect business sense.
Is it ethical?  Of course not. It is like a brokerage house selling stocks to clients and selling the same stocks short by themselves.  Profit from both.


Please don't compare long term Swedish business men with greedy no business manners chinese pussies.
hero member
Activity: 574
Merit: 500
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.


Greed.

BTW, KNC will mine the shit out of the hardware before it is delivered.

Sure they will send out the samples to the most outspoken members, but the rest of Joe Schmoes will have to dust off their units once they receive them.  I don't think it will be as bad as Avalon (borderline criminal in EU, US and Canada) since they do have to deal with EU regulations and laws.

The address we see here is just for the show.  So expect many blocks to be found by unknown IPs if they decide to setup solo farms.

Who will stop them from producing more hardware to mine for themselves?  There are no laws against it.  It makes perfect business sense.
Is it ethical?  Of course not. It is like a Brokerage house selling stocks to clients and selling the same stocks short by themselves.  Profit from both.


Lets see what happens ...but BFL & Avalon have set the bar so low it does not matter any more

sr. member
Activity: 434
Merit: 250
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.



[yifu]

you assume that KnC controls that address

[/yifu]
legendary
Activity: 2688
Merit: 1468
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.


Greed.

BTW, KNC will mine the shit out of the hardware before it is delivered.

Sure they will send out the samples to the most outspoken members, but the rest of Joe Schmoes will have to dust off their units once they receive them.  I don't think it will be as bad as Avalon (borderline criminal in EU, US and Canada) since they do have to deal with EU regulations and laws.

The address we see here is just for the show.  So expect many blocks to be found by unknown IPs if they decide to setup solo farms.

Who will stop them from producing more hardware to mine for themselves?  There are no laws against it.  It makes perfect business sense.
Is it ethical?  Of course not. It is like a brokerage house selling stocks to clients and selling the same stocks short by themselves.  Profit from both.
legendary
Activity: 3878
Merit: 1193
KNC is now mining on their hardware, while customers wait for it to ship:

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

Kudos to KnC for building the first 28nm Bitcoin ASIC!
hero member
Activity: 574
Merit: 500
...i loled

over such a small issue that if it is used as a proof of life ...then its completely justifialble

And then we have BFL the career serial killers & criminals who get a free pass to all and everything

We know that mods cant ban pplz that is theymos domain that has not stopped any of u MODERATING the beast that is BFL.......BFL own u biatch's so take it like the ho's that you are.... lolz
legendary
Activity: 1218
Merit: 1010
yeah, just stop ordering asics and stop making the asics manufacturers richer.

network is safe enough.
AND I AM QUITE HAPPY WITH MY SHARE OF IT NOT BEING DILUTED.

FTFY

That's the agenda behind 88% of the posts on this forum

 Roll Eyes

then buy them, as much as you can. pre-order 10 TH if you can for 40 $/GH. make my bitcoins safer and raise their value by 500 %.
sr. member
Activity: 446
Merit: 250
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.

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.


+1
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