KNC, 100% of their hashing is currently going into their own pocket. - page 7.

erschiessen

sr. member

Activity: 322

Merit: 250

Quote from: gmaxwell on September 30, 2013, 05:57:14 PM

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.

RoadStress

legendary

Activity: 1904

Merit: 1007

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. What do you have to win here by doing this? There must be something since you didn't said anything about Avalon mining with customers units and maybe BFL.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

OP bored ? Grin

Being my highly respected dev, I really think you should not bother with all the messes in the custom hardware wild west

DPoS

sr. member

Activity: 462

Merit: 250

Quote from: Minor Miner on September 30, 2013, 06:53:08 PM

Quote from: tarmi on September 30, 2013, 06:51:03 PM

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

Minor Miner

legendary

Activity: 2478

Merit: 1020

Be A Digital Miner

Quote from: tarmi on September 30, 2013, 06:51:03 PM

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

tarmi

legendary

Activity: 1232

Merit: 1011

yeah, just stop ordering asics and stop making the asics manufacturers richer.

network is safe enough.

shapemaker

full member

Activity: 238

Merit: 100

I run Linux on my abacus.

Quote from: Meizirkki on September 30, 2013, 06:43:25 PM

Gmaxwell is right.

Likely not going to happen but it would be nice of them to do testing in the testnet.

He's right, and wrong, at the same time. A real heisen-comment Tongue

See, there's a large difference between a proof of a single working machine for all to see, and mining months and months with customer machines (Avalon), and flat out lying about shipping times, delays, inventory, really about everything (BFL).

gmaxwell is just nitpicking here. He should know better.

bit_wizard

sr. member

Activity: 314

Merit: 250

Boycott Pre-orders!

Or make a pre-order, and sell it for profit when the market is hot Grin

mruiter

sr. member

Activity: 281

Merit: 250

Quote from: Meizirkki on September 30, 2013, 06:43:25 PM

Gmaxwell is right.

Likely not going to happen but it would be nice of them to do testing in the testnet.

yeeah , on a testnet !?
And everybody will troll they fixed the tests, like that wil work.....

Meizirkki

hero member

Activity: 616

Merit: 500

Gmaxwell is right.

Likely not going to happen but it would be nice of them to do testing in the testnet.

Minor Miner

legendary

Activity: 2478

Merit: 1020

Be A Digital Miner

Quote from: PuertoLibre on September 30, 2013, 06:36:40 PM

BFL has done it. They even showed videos of it.

I do not doubt that comment, but do you have the link?

DPoS

sr. member

Activity: 462

Merit: 250

Quote from: mruiter on September 30, 2013, 06:40:24 PM

CRY BABY !!!!!

It's proof it's hashing. They will stop, just shut up for a day.

(and to think a mod would know better than to be a bitching troll)

they sold their souls to BFL for all eternity and must defend to their death!!!

Biomech

legendary

Activity: 1372

Merit: 1022

Anarchy is not chaos.

Quote from: gmaxwell on September 30, 2013, 05:57:14 PM

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.

While I understand your objection, I think I have to disagree.

First off, we don't know that it's their only unit. They could be using the rest of their test units on a test net and applying the tweaks to the one that's showing, to see how it works in the real world. This is what I would do.

Second, this shows everyone who can follow the blockchain that yes, they do indeed have a working product. It's ONE machine out of many. Sure, technically, right now it's 100 percent of KnC's hash power, but in the very short long run, it's a demo.

I for one am glad to see it working in realtime, verifiably. I think that is worth more than the negligible impact it has on difficulty.

mruiter

sr. member

Activity: 281

Merit: 250

CRY BABY !!!!!

It's proof it's hashing. They will stop, just shut up for a day.

(and to think a mod would know better than this)

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: donch on September 30, 2013, 06:34:10 PM

Quote from: grue on September 30, 2013, 06:22:25 PM

Quote from: whisper on September 30, 2013, 06:08:59 PM

Its nothing as I see avalon testing some terahashes in eligius in months and keep customers to wait and waste of ROI.

just because avalon did it doesn't make it okay for KnC to do it.

Anyone have proof that BFL and Bitfury didn't do it either? A day's testing on release day to prove real world hash rate doesn't seem overboard. However, if KNC do more than a day and don't ship tomorrow and don't stick to their 5% rule, then I think you have a point.

A much more pertinent question is why did BFL decide to take so long to ramp up their production rate? Just because someone sound's paranoid and whispers "Mini-rigs in the BFL basement" doesn't mean they are wrong

BFL has done it. They even showed videos of it.

erk

hero member

Activity: 826

Merit: 500

Quote from: gmaxwell on September 30, 2013, 05:57:14 PM

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.

Good, if they didn't nobody would believe their figures. This gives people something to watch.

Do you have some problem with manufactures using gear on the live net? i certainly don't.

Only people that get upset about that sort of thing are trolls or people that can't work out that selling a miner for thousands of dollars profit every few min is worth more than hashing with one for days on end.

As in many industries, the money is in selling the tools not using them.

I make no economic sense whatsoever to hash on the testnet if unless you are doing things that might disturb the main block chain. Miners cost money to run, even for a few hour burnin test.

donch

member

Activity: 84

Merit: 10

Updated ironic image.

Quote from: grue on September 30, 2013, 06:22:25 PM

Quote from: whisper on September 30, 2013, 06:08:59 PM

Its nothing as I see avalon testing some terahashes in eligius in months and keep customers to wait and waste of ROI.

just because avalon did it doesn't make it okay for KnC to do it.

Anyone have proof that BFL and Bitfury didn't do it either? A day's testing on release day to prove real world hash rate doesn't seem overboard. However, if KNC do more than a day and don't ship tomorrow and don't stick to their 5% rule, then I think you have a point.

A much more pertinent question is why did BFL decide to take so long to ramp up their production rate? Just because someone sound's paranoid and whispers "Mini-rigs in the BFL basement" doesn't mean they are wrong

shapemaker

full member

Activity: 238

Merit: 100

I run Linux on my abacus.

And letting BFL advertise here after all the lies, delays and outright fraud by BFL? Not slapping a ban on Josh when he's abusing their customers here?

I call double standards.

Sure, it's not the same as mining on mainnet to screw customers of ROI, but customers are fucked in either case.

grue

legendary

Activity: 2058

Merit: 1452