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Topic: KnCMiner, is it even worth it? (Read 569 times)

full member
Activity: 226
Merit: 100
June 28, 2013, 02:59:11 PM
#6
Is it worth it?

By "worth it", I assume you're asking if you'll earn more money than it costs you within a short period of time. To determine that, you have to make some guesses as to what the following values will be when you receive your unit. For the sake of this question, I'll plug in my own estimates for a Jupiter (below):

Knowns
Equipment Cost: ~$7,400 (USD) - after shipping to United States and purchasing a decent power supply
Electricity Cost: $0.128/KWh - based on my actual cost
Power Consumption: 1000 watts (probably going to be lower, but let's just use this)
Hashing rate: 400GH/s

Unknowns
Delivery date: 10/31/2013 - Fingers crossed!
Possible Difficulty: 150 Million - Could be way higher or way lower
USD/BTC: $100 constant - This could vary wildly up or down
Difficulty rate of increase: 50%/month - Hopefully not this high

Now, plugging these values into the btcinvest.net mining calculator, you should break even by the 13th week of ownership. It would no longer be profitable at all after about 40 weeks. Your total profit (after subtracting costs) would be ~$3,670. This equates to a 50% return on investment after 40 weeks.

Of course, 50% increase per month can't be sustained forever. If it ends up being a more reasonable 30% per month, your profits will be closer to 100%.

Also, you may be able to sell the hardware when finished Smiley
member
Activity: 112
Merit: 10
June 28, 2013, 10:41:16 AM
#5
KNC Asics looks promising, if they start shipping soon, they will be monsters
full member
Activity: 226
Merit: 100
June 28, 2013, 10:34:44 AM
#4
I sure hope so! I am into a couple of different group buys for a Jupiter on redditt and found my way here looking for more of the same. I need to be able to post my transaction details within the thread in order to confirm my JUpiter KNCminer group buy share so I posted here in the hope they will remove my 1 post newbie restriction. Its only around 1btc to get in on them. It sure beats waiting around for an ASIC.


But KNC is an asic, is it not?

Yes, KNC products are ASICs and they won't be available until the end of October (at the earliest). Getting into a group-buy won't decrease the amount of time you have to wait.
newbie
Activity: 28
Merit: 0
June 26, 2013, 10:58:09 AM
#3
I sure hope so! I am into a couple of different group buys for a Jupiter on redditt and found my way here looking for more of the same. I need to be able to post my transaction details within the thread in order to confirm my JUpiter KNCminer group buy share so I posted here in the hope they will remove my 1 post newbie restriction. Its only around 1btc to get in on them. It sure beats waiting around for an ASIC.


But KNC is an asic, is it not?
full member
Activity: 187
Merit: 100
June 26, 2013, 10:56:43 AM
#2
I sure hope so! I am into a couple of different group buys for a Jupiter on redditt and found my way here looking for more of the same. I need to be able to post my transaction details within the thread in order to confirm my JUpiter KNCminer group buy share so I posted here in the hope they will remove my 1 post newbie restriction. Its only around 1btc to get in on them. It sure beats waiting around for an ASIC.
newbie
Activity: 28
Merit: 0
June 26, 2013, 10:35:20 AM
#1
Hey guys, I know I'm kinda new here and all, and I don't have all the answers, so I'm looking to the pros to let me know what's up.

Is the KnCMiner any good?, Like when they ship will 200/400 GHS be something to write home about? I know if it was out now it would be a killer, but there talking if I order now I'll get it in October.

Is it worth it?
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