Topic: Swedish ASIC miner company kncminer.com - page 1713. (Read 3049501 times)

So. YOu're saying that there's other manufaturers, and that the hashrate will rise a lot? Wow. Who knew?
Oh wait...everybody, that's who.

Yea I am sure it will slow down once the 17 other ASIC makers start releasing their modles in Aug(Already) Sept, Oct, and Nov.

But you should be able to buy you a box or two of crayons with your profit..  Maybe not 3 boxes..  

Its only ~  470 million USD. I am sure the forum warriors have that as pocket change.

Yup 145 billion difficulty.  That seems highly likely.

Tick Tock Tick Tock..  Hickory dickory Doc..


Break Even Period:   86 days   Total Fixed Costs:   $5150
Max Profit:   $932 (May-14) - 18.1%   Monthly Power Costs:   $69.1


Month   Difficulty (MM)   Time per
Block (days)   Monthly Revenue   Monthly
Profit   Cumulative
Return
Nov-13   272   34   $2,910   $2,840   $(2,310)
Dec-13   482   60   $1,640   $1,570   $(734)
Jan-14   853   106   $929   $860   $125
Feb-14   1510   188   $525   $456   $581
Mar-14   2673   332   $296   $227   $808
Apr-14   4731   588   $168   $98   $907
May-14   8374   1041   $95   $26   $932
Jun-14   14823   1842   $54   $-16   $917
Jul-14   26236   3261   $30   $-39   $878
Aug-14   46438   5771   $17   $-52   $826
Sep-14   82196   10215   $10   $-60   $766
Oct-14   145486   18081   $5   $-64   $7

External

I have a serious question,since KNC is not shipping with a PSU unit will it be externally or internally placed?

The preorder thing is a big gamble. But how could you have chance for big profit without willing to risk a lot - seems fair

I sold both my kidneys as collateral for 10 miners

No bought them in EUR, i bought some ADDICTION (171) shares in BTC Though

I needed to start somewhere

I still mine alts with gpus - mainly anoncoin. I hold most of them because I have free electricity connections in various places

I know what you mean I am heavily disappointed by the situation and I really think the last customers that will enjoy some profit (before it becomes only affordable by big players) would be the first KnC customers (and current Bitfury ones).

Nah mate, same with GPUs, all this ROI stuff is nonsense. I believe you will FWIW, but w.r.t. GPU mining it was never about instant ROI, it was about mining Bitcoin with a belief it would be adoptd as an alternative currency to corrupted fiat printed into worthless paper. The long term belief of GPU mining was that Bircoin's value and your mined coins would rise, never instant gratification, that's just a recent development with calculators pushed by Butterfly Labs and Bitsyncom touting ASICS as life changing money printers, lol...

How did you buy the miners? Bitcoins?

I thought the same when I read it.

Ahh, now we know for sure they are hand assembling the rigs. I little surprised TBH but in the new forum sticker competition post it says :-

Why a 25 cm circle? Speed of manufacture is everything in the Bitcoin mining game; you want to make use of your mining devices as soon as possible, as do we. There is little point designing graphics that take time to position with absolute accuracy, so we need to limit the load on our assembly staff.

So there we go.

Thank you! I hope some people can benefit from it, I sure will! 

If that's not the most sensible post so far it's definitely top ten.

So basically you are holding and not selling like crazy to ROI I suppose!

I am buying btw in case anyone is interested (bitpay.com/bitcoin-exchange-rates)

i like your thinking

I personally see as the network hashrate increases massively, the ease of undermining the network reduces significantly. Thus as the network becomes more secure and inpenetrable to attack, the price gradually rises. I think we're on an steady upward trend now as we have broken away from the psychological $100 and reaffirm a more confident psychological €100 (which is precisely where we are right now). Media will become more poisitive and then hopefully more people realise there is greater profit in innovating the payment process regarding mainstream adoption. Exchanges still remain the weak link and we need a mutual regularatory stance there before the currency can increase liquidity significantly, but these are all positives to come, as well will be private equity pouring in for the currency. All this needs to be approached with care, but i'm not concerned about selling coins personally. Manipulation may occur from time to time, but ceratinly no where near the same as within holding shares in a company, where insider trading is rampant. Obviously this isn't the case everywhere, but corruption is a massive tempetaion as co. managers speak to fund managers, and it's a releif an organic currency such as Bitcoin is free of that temptation to a greater extent.