Topic: Swedish ASIC miner company kncminer.com - page 1144. (Read 3049528 times)
until you are living your life entirely on bitcoin, not making the full btc you spent back means fuck all. Life runs on fiat right now and thats the ROI that actually matters.
consider the BTC/$ price when you purchased your miner...how many $ you had now when you bought BTC instead of a miner?
Of course its about the $ value
How would you feel about ROI on miner hardware if the reverse was true?
If you had paid 100 BTC for a miner when BTC was worth $100
You mined 101 BTC but BTC value dropped to $50
Would you say you have made a ROI?
How would you feel about ROI on miner hardware if the reverse was true?
If you had paid 100 BTC for a miner when BTC was worth $100
You mined 101 BTC but BTC value dropped to $50
Would you say you have made a ROI?
Yes! More BTC than you started with is a profit. Less BTC than you started with is a loss.
Exactly. It's incredible how is so difficult for some people to understand such simple concepts: You are buying a machine that mines bitcoins. If it mines less bitcoins than you have paid for it (or that you could have bought when you paid for the machine), then you did bad.
So I paid 7000USD for a Jupiter and if by any miracle I mine and sell BTC for 14000USD then I did bad?
It depends on how many coins you spent on it, or on how many coins you could have bought with 7000USD when you paid for the unit.
Most of batch 1 customers bought their units in June, when BTC/USD was at $100, that means aprox. 70 coins per unit.
If a batch 1 Jupiter mines less than 70 coins in its lifetime then yes, batch 1 customers would have been better by buying BTC.
All the above is painfully obvious, and still some deny the obvious.
Of course its about the $ value
How would you feel about ROI on miner hardware if the reverse was true?
If you had paid 100 BTC for a miner when BTC was worth $100
You mined 101 BTC but BTC value dropped to $50
Would you say you have made a ROI?
How would you feel about ROI on miner hardware if the reverse was true?
If you had paid 100 BTC for a miner when BTC was worth $100
You mined 101 BTC but BTC value dropped to $50
Would you say you have made a ROI?
Yes! More BTC than you started with is a profit. Less BTC than you started with is a loss.
Exactly. It's incredible how is so difficult for some people to understand such simple concepts: You are buying a machine that mines bitcoins. If it mines less bitcoins than you have paid for it (or that you could have bought when you paid for the machine), then you did bad.
So I paid 7000USD for a Jupiter and if by any miracle I mine and sell BTC for 14000USD then I did bad?
Is there a way to see which firmware is installed on a hosted unit? The graph on Eligius was all over the place, even dropping by 200GHs for short periods of time since yesterday.
Of course its about the $ value
How would you feel about ROI on miner hardware if the reverse was true?
If you had paid 100 BTC for a miner when BTC was worth $100
You mined 101 BTC but BTC value dropped to $50
Would you say you have made a ROI?
How would you feel about ROI on miner hardware if the reverse was true?
If you had paid 100 BTC for a miner when BTC was worth $100
You mined 101 BTC but BTC value dropped to $50
Would you say you have made a ROI?
Yes! More BTC than you started with is a profit. Less BTC than you started with is a loss.
Exactly. It's incredible how is so difficult for some people to understand such simple concepts: You are buying a machine that mines bitcoins. If it mines less bitcoins than you have paid for it (or that you could have bought when you paid for the machine), then you did bad.
interesting, did you try the 0.98.1 beta by any chance?
My results seem best with it, over the production 0.98.1, or any other.....
just asking...
I only tried with the official 0.98.1 not with the beta. My results seem best with it, over the production 0.98.1, or any other.....
just asking...
I don't really want to try it.
i can also confirm the beta is WAY better. i am not changing from it, my mercury is running at max
If you had paid 100 BTC for a miner when BTC was worth $100
You mined 101 BTC but BTC value dropped to $50
Would you say you have made a ROI? I'd say not.
You mined 101 BTC but BTC value dropped to $50
Would you say you have made a ROI? I'd say not.
So if you didnt buy miner, you would still had only 100 BTC, it is less than 101 BTC in your example
But obviously if we knew future, we would sell the BTC before the price drops
So then you agree he should be glad the exchange rate increased, not that he bought a Jupiter?
first, OFCOURSE the exchange rate plays a huge part but that is just one of the moving pieces. purchased equipment, mined btc, sold btc, paid off all equipment and now can continue mining for profit. sounds perfect. could have bet his cash at a casino and have more or less money today. the point is, equipment is paid off and now climbing into the profits!
Yes when you buy a miner you are also investing in an predicted amount of BTC over a period of time instead of an exact amount you could invest in directly and sell at any point. Two different kinds of investment to choose from. So when measuring the success of an investment in a Jupiter you have two factors to consider. If you made less BTC than you could have purchased, then the miner was a poor investment. If you made more fiat than you spent on the miner then you made a good investment in BTC. People have a hard time accepting when they made a bad investment and choose to ignore the first and focus on the second. Yes we should be happy we made a fiat profit but don't fool yourself that it was because you invested in a Jupiter.
The same would be true with the opposite. If the exchange rate crashed but you made more BTC then the miner investment was good but the BTC investment was bad. People can gauge their success however they want but it is smart to be realistic and learn from the true cause and effect of your losses and gains.
interesting, did you try the 0.98.1 beta by any chance?
My results seem best with it, over the production 0.98.1, or any other.....
just asking...
I only tried with the official 0.98.1 not with the beta. My results seem best with it, over the production 0.98.1, or any other.....
just asking...
I don't really want to try it.
i can also confirm the beta is WAY better. i am not changing from it, my mercury is running at max
interesting, did you try the 0.98.1 beta by any chance?
My results seem best with it, over the production 0.98.1, or any other.....
just asking...
I only tried with the official 0.98.1 not with the beta. My results seem best with it, over the production 0.98.1, or any other.....
just asking...
I don't really want to try it.
Used to be about 540-560GH/s on my hosted Jup. Now after the latest update, seems to now dropped to 490-500GH/s.
Kinda shitty. Needs for a way to opt in or out of firmware updates. They just seem to mass apply it to all hosted miners.
Kinda shitty. Needs for a way to opt in or out of firmware updates. They just seem to mass apply it to all hosted miners.
Agreed. On a side note, KNC Pool speed is currently 2.8TH/s.
They moved over to Eligius with about 33TH/s of hashing power. Seems like their pool wasn't good enough. Software suck and not enough hashing power.
And yes that 0.98.1 has dwindling down problems... big time. It'll start off at max and after 12 hours or so, you'll lose like 80-100GH/s.
I've emailed knc support but not sure if they'll reply back or even help downgrade my miner back to .98
Of course its about the $ value
How would you feel about ROI on miner hardware if the reverse was true?
If you had paid 100 BTC for a miner when BTC was worth $100
You mined 101 BTC but BTC value dropped to $50
Would you say you have made a ROI?
How would you feel about ROI on miner hardware if the reverse was true?
If you had paid 100 BTC for a miner when BTC was worth $100
You mined 101 BTC but BTC value dropped to $50
Would you say you have made a ROI?
Yes! More BTC than you started with is a profit. Less BTC than you started with is a loss.
Which pool or solo mining for found these blocks ??
The 4 I mentioned were on Eligius.. (http://eligius.st/~wizkid057/newstats/blocks.php).
Of course its about the $ value
How would you feel about ROI on miner hardware if the reverse was true?
If you had paid 100 BTC for a miner when BTC was worth $100
You mined 101 BTC but BTC value dropped to $50
Would you say you have made a ROI? I'd say not.
Some people don't find trading BTC a satisfying vocation or even pasttime. Some people like to mine.
As far as hobbies go if my Jupiter makes as much as it cost me in $ and then some then I am happy enough and fuck what the wife thinks, at least I'm not pissing it away in the pub
People should have more respect for miners, for without them ROI or not there would be no BTC in the first place for people to trade. Let us have our fun without rubbing our noses in it.
How would you feel about ROI on miner hardware if the reverse was true?
If you had paid 100 BTC for a miner when BTC was worth $100
You mined 101 BTC but BTC value dropped to $50
Would you say you have made a ROI? I'd say not.
Some people don't find trading BTC a satisfying vocation or even pasttime. Some people like to mine.
As far as hobbies go if my Jupiter makes as much as it cost me in $ and then some then I am happy enough and fuck what the wife thinks, at least I'm not pissing it away in the pub
People should have more respect for miners, for without them ROI or not there would be no BTC in the first place for people to trade. Let us have our fun without rubbing our noses in it.
So then you agree he should be glad the exchange rate increased, not that he bought a Jupiter?
No, I agree that his decision to buy a Jupiter resulted in a positive return for him regardless of circumstances. You do understand we've only been mining for a month maximum for some of us. It's going to be damn close to BTC break even by the end of 6 months of hosting. By then I'll have around the same BTC that I would have had purchasing them AND a piece of history (The Jupiters). They may even still be profitable then and continue mining
Which pool or solo mining for found these blocks ??
So then you agree he should be glad the exchange rate increased, not that he bought a Jupiter?
first, OFCOURSE the exchange rate plays a huge part but that is just one of the moving pieces. purchased equipment, mined btc, sold btc, paid off all equipment and now can continue mining for profit. sounds perfect. could have bet his cash at a casino and have more or less money today. the point is, equipment is paid off and now climbing into the profits!
Another note
BAD RESULTS with 0.98.1 production...
Big "Dwindledown" this time...
going back to beta....
after how many hours you notice the performance drop?
The moment I re-loaded beta... back to the sky...
Was there a change from the beta to the release? I'm still on beta which has been rock solid at 550+ GH/s with no dwindledown...
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