Congrats to the guy who mined 59 bitcoins with two Jupiters.
How many bitcoins have fellow miners pulled in, cause even for a Day 1 59 for two Jupiters seems high.
I have 12 got my miner 16th octorber, but had trouble with cards early on , even with the problems I think I am only 5 short in top of my 12.
Topic: Swedish ASIC miner company kncminer.com - page 1145. (Read 3049528 times)
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining
)You paid around 120BTC until it gives you that many back it's not a good investement
If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000.
There is no fallacy,
If you made a profit you made a profit. There might have been better ways of doing it but you are also missing the point.
If you sell too early then you minimized your profit, you are assuming everyone would hold until this exact date. Many would have sold before.
Also there were definitely better opportunities all over the world making more profit than buying and holding BTC but you don't mention those.
At the end of the day, Getting more than you put in is a success and congrats to everyone that has so far.
The point so many people are missing is that his profit came from the rising exchange rate, not from his investment in his Jupiter. People REALLY need to think in terms of BTC first when investing in miners and secondary the exchange rate since mining is also investing in BTC over a period of time. The goal of any miner should be to mine more BTC than they could buy at the time of purchase. Until people realize this miners will be overpriced.
There is no point that is missing,
Everyone already knows this, you can echo it from the ends of the earth but it is widely known that there might have been more lucrative opportunities out there. Not sure why you didn't buy Google stock when it was low and sell at it's peak.
Hindsight is always 20/20 and most of the people in here are hindsight investors but never take their own advice.
Profit (No matter how it was obtained) is profit.
If you had $5 before you purchased your Jupiter and now you have $10 and a Jupiter, you did well even if you COULDA WOULDA SHOULDA had $20.
So then you agree he should be glad the exchange rate increased, not that he bought a Jupiter?
So far I've found 4 blocks... =) Not too bad. 3 of them in a single day, then 1 yesterday.
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining
)You paid around 120BTC until it gives you that many back it's not a good investement
If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000.
There is no fallacy,
If you made a profit you made a profit. There might have been better ways of doing it but you are also missing the point.
If you sell too early then you minimized your profit, you are assuming everyone would hold until this exact date. Many would have sold before.
Also there were definitely better opportunities all over the world making more profit than buying and holding BTC but you don't mention those.
At the end of the day, Getting more than you put in is a success and congrats to everyone that has so far.
The point so many people are missing is that his profit came from the rising exchange rate, not from his investment in his Jupiter. People REALLY need to think in terms of BTC first when investing in miners and secondary the exchange rate since mining is also investing in BTC over a period of time. The goal of any miner should be to mine more BTC than they could buy at the time of purchase. Until people realize this miners will be overpriced.
There is no point that is missing,
Everyone already knows this, you can echo it from the ends of the earth but it is widely known that there might have been more lucrative opportunities out there. Not sure why you didn't buy Google stock when it was low and sell at it's peak.
Hindsight is always 20/20 and most of the people in here are hindsight investors but never take their own advice.
Profit (No matter how it was obtained) is profit.
If you had $5 before you purchased your Jupiter and now you have $10 and a Jupiter, you did well even if you COULDA WOULDA SHOULDA had $20.
Sold 10 BTC this morning on Coinbase at $248USD but then tried to sell some more this afternoon and Coinbase has shutdown it's sells of BTC! WTH! Just an FYI for everyone....
Quote From CoinBase when trying to sell BTC:
"Sorry, the maximum number of sells on Coinbase has been reached for today. Please try again in 24 hours. We'll continue raising this limit over time."
Quote From CoinBase when trying to sell BTC:
"Sorry, the maximum number of sells on Coinbase has been reached for today. Please try again in 24 hours. We'll continue raising this limit over time."
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining
)You paid around 120BTC until it gives you that many back it's not a good investement
If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000.
There is no fallacy,
If you made a profit you made a profit. There might have been better ways of doing it but you are also missing the point.
If you sell too early then you minimized your profit, you are assuming everyone would hold until this exact date. Many would have sold before.
Also there were definitely better opportunities all over the world making more profit than buying and holding BTC but you don't mention those.
At the end of the day, Getting more than you put in is a success and congrats to everyone that has so far.
The point so many people are missing is that his profit came from the rising exchange rate, not from his investment in his Jupiter. People REALLY need to think in terms of BTC first when investing in miners and secondary the exchange rate since mining is also investing in BTC over a period of time. The goal of any miner should be to mine more BTC than they could buy at the time of purchase. Until people realize this miners will be overpriced.
I didn't have high hopes for 0.98.1, I was right : eligius graph
Back to 0.97.
All the firmware's were run at least 24 hours without any reboot.
For that reason firmware 0.90 to 0.93 aren't listed.
Back to 0.97.
All the firmware's were run at least 24 hours without any reboot.
For that reason firmware 0.90 to 0.93 aren't listed.
| -------------------- | 0.94 | 0.95 | 0.96 | 0.97 | 0.98 | 0.98.1 |
| Average CGminer | 270Gh/s | 274Gh/s | 280Gh/s | 284Gh/s | 278Gh/s | 277Gh/s |
| Average Pool | 275Gh/s | 263Gh/s | 278Gh/s | 283Gh/s | 269Gh/s | 272Gh/s |
| Consumption | 485 Watts | 305 Watts | 313 Watts | 313 Watts | 348 Watts | 348 Watts |
| Temputure | 54 & 62°C | 42 & 47°C | 42 & 47°C | 40 & 44°C | 44 & 50°C | 41 & 48°C |
| Rejected | 1.5% | 0.22% | 0.38% | 0.48% | 0.61% | 0.66% |
| HW | 2.81% | 0.79% | 1.08% | 1.47% | 3.31% | 3.68% |
| WU | 3975/m | 3717/m | 3933/m | 4021/m | 3825/m | 3797/m |
| 0.94 | 0.95 | 0.96 | 0.97 | 0.98 | 0.98.1 |
 |  |  |  |  |  |
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining
)You paid around 120BTC until it gives you that many back it's not a good investement
If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000.
I and many others didn't pay in BTC we paid in $ in which case its a moot point.
The price for the machines is in $ its always been in $ it doesn't matter what currency you convert to create your $ its still $ in the end.
The argument has, and always will be, that it was much smarter to have purchased coins with your $'s than purchasing a miner. This is the point people are making in regards to making a return, it is also the point you're missing. You can powder it with sugar and twist it to your liking if it makes you feel better, but the bottom line is what the bottom line is.
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining
)You paid around 120BTC until it gives you that many back it's not a good investement
If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000.
I and many others didn't pay in BTC we paid in $ in which case its a moot point.
The price for the machines is in $ its always been in $ it doesn't matter what currency you convert to create your $ its still $ in the end.
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining
)You paid around 120BTC until it gives you that many back it's not a good investement
If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000.
There is no fallacy,
If you made a profit you made a profit. There might have been better ways of doing it but you are also missing the point.
If you sell too early then you minimized your profit, you are assuming everyone would hold until this exact date. Many would have sold before.
Also there were definitely better opportunities all over the world making more profit than buying and holding BTC but you don't mention those.
At the end of the day, Getting more than you put in is a success and congrats to everyone that has so far.
I know the jar is open but the next coin is for you (always intended to!!!). That new difficulty is harsh so 510,929,738...
It should arrive by tomorrow though.
It should arrive by tomorrow though.
Quote
You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining Tongue )
You paid around 120BTC until it gives you that many back it's not a good investement
If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000.
You paid around 120BTC until it gives you that many back it's not a good investement
If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000.
You are mathematically correct but that is not the point I made. My post is all about the transparency of the mining industry. I am just glad I did not lose my shirt as so many did in the past.
Buying the miners provides me with a feeling of belonging and contributing to an idea that is way bigger than me and I feel good about it! Don't you?
Peace
To All and specially to Bitcoinorama.
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
But starting now everything is mine (Pun intended).
So I would like to congratulate my fellow miners with their wise decision and the luck that has come with the BTC sharp rise. Also, a well deserved KUDOS for Bitcoinorama. The time he spent inquiring about KNC and other companies in this forum has been just mesmerizing
Now my expectations from KNC are very simple, they proved to our community they could deliver a product on time: A World Premier. Can they play the transparency card now??? Can they share with us the amount GH/s they sold??? I do not have to be a math genius to understand the premise of the current HASH WAR!!! The cake is not expending but the money invested in that new industry is. I really do not want to be a buy and hold BTC investors but the lack of clarity does not justify that kind of investment anymore. From that perspective, Crumbs has been so right it is not even funny. I do not want to be the thanksgiving turkey of our dear minermakers.
KNC Do you hear me, we want more transparency!!!!
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
But starting now everything is mine (Pun intended).
So I would like to congratulate my fellow miners with their wise decision and the luck that has come with the BTC sharp rise. Also, a well deserved KUDOS for Bitcoinorama. The time he spent inquiring about KNC and other companies in this forum has been just mesmerizing
Now my expectations from KNC are very simple, they proved to our community they could deliver a product on time: A World Premier. Can they play the transparency card now??? Can they share with us the amount GH/s they sold??? I do not have to be a math genius to understand the premise of the current HASH WAR!!! The cake is not expending but the money invested in that new industry is. I really do not want to be a buy and hold BTC investors but the lack of clarity does not justify that kind of investment anymore. From that perspective, Crumbs has been so right it is not even funny. I do not want to be the thanksgiving turkey of our dear minermakers.
KNC Do you hear me, we want more transparency!!!!
Haha Cheers bro!
It's fantastic news for you and makes fills me with positive karma to have stuck to my guns honesty wise. Though it was your decision to make. I just reasoned my own judgement and supported it. If you followed through confirming what I shared was accurate, as I always stated, then more power to you buddy
Personally if you paid at the dollar price in dollars you want to clear that. Why if you are confident in Bitcoin increasing in value would you risk them on a pre-order for a future device if you think the Bitcoins will be worth more in the future? Goes against common sense and logic in my mind.
Anyway tip jar's below, don't be shy!! Everyone else has been pretty flakey, bar Roadstress and Bargraphics and a handful of others, hasn't even covered the first set of flights...
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining
)You paid around 120BTC until it gives you that many back it's not a good investement
If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000.
That's a bit confusing... he would have about 28,800 - 14000 invested = 14800 profit. Same difference, it just may lead some people to the wrong conclusion.
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining
)You paid around 120BTC until it gives you that many back it's not a good investement
If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000.
you just have to shit all over everything, don't you? jesus.
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining
)You paid around 120BTC until it gives you that many back it's not a good investement
If you insist on thinking in $, if you hadn't bought the machines you'd now have $28,000.
they proved to our community they could deliver a product on time: A World Premier.
Consider yourself lucky then for not enduring a delay, because some of us did.
2 weeks can make a huge difference: you are making profit already and I'm at less than 10% of ROI.
To All and specially to Bitcoinorama.
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
But starting now everything is mine (Pun intended).
So I would like to congratulate my fellow miners with their wise decision and the luck that has come with the BTC sharp rise. Also, a well deserved KUDOS for Bitcoinorama. The time he spent inquiring about KNC and other companies in this forum has been just mesmerizing
Now my expectations from KNC are very simple, they proved to our community they could deliver a product on time: A World Premier. Can they play the transparency card now??? Can they share with us the amount GH/s they sold??? I do not have to be a math genius to understand the premise of the current HASH WAR!!! The cake is not expending but the money invested in that new industry is. I really do not want to be a buy and hold BTC investors but the lack of clarity does not justify that kind of investment anymore. From that perspective, Crumbs has been so right it is not even funny. I do not want to be the thanksgiving turkey of our dear minermakers.
KNC Do you hear me, we want more transparency!!!!
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.
But starting now everything is mine (Pun intended).
So I would like to congratulate my fellow miners with their wise decision and the luck that has come with the BTC sharp rise. Also, a well deserved KUDOS for Bitcoinorama. The time he spent inquiring about KNC and other companies in this forum has been just mesmerizing
Now my expectations from KNC are very simple, they proved to our community they could deliver a product on time: A World Premier. Can they play the transparency card now??? Can they share with us the amount GH/s they sold??? I do not have to be a math genius to understand the premise of the current HASH WAR!!! The cake is not expending but the money invested in that new industry is. I really do not want to be a buy and hold BTC investors but the lack of clarity does not justify that kind of investment anymore. From that perspective, Crumbs has been so right it is not even funny. I do not want to be the thanksgiving turkey of our dear minermakers.
KNC Do you hear me, we want more transparency!!!!
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.
Anyone try the new Cklovas code?..
Running 3.7.2 with 0.96 firmware no problem
Jump to: