Makes sense. Which altcoins are you mining if you don't mind me asking ?
Topic: Swedish ASIC miner company kncminer.com - page 1732. (Read 3050071 times)
Makes sense. Which altcoins are you mining if you don't mind me asking ?
320*1.3 =~ 433 not 520
Roi in 2020
Roi in 2020
Does being that stupid actually hurt?
I understand where he's coming from. The original clock rate was 320. He's presuming they're talking about an additional performance on top of the original clock rate. However, that's not the case. They adjusted the stock clock rate to 400 in one of their announcements. So he's wrong in saying 320, but I can see why he thought that.
The problem with this is that it's linear thinking, you're not taking into account the efficiency increase over time. Think about how much advancement has occurred with CPU/GPU's over the past decade. Exponential is putting it lightly.
Yes there will be increase in efficiency but there's a technological wall at some point. 28nm will be pretty much the standard in months to come and that's about it. There could be 20nm but I don't see that happening for years to come. Mainly because it's not widely available and way too expensive.
But to have it double > double > double > double > double > double >double > double is impossible. Mathically/technologically wise. People don't seem to understand this.
It's like saying current CPU tech. It becomes double the speed/efficiency next year. and double again next year and double again next year. Going by the logic, by 2020, we should have 60ghz cpu with only 20w usage. lol. That's not exactly the case if you look at the benchmarks for the past few years.
Yeah that was the case back in the old days, pentium 1s but those days are over.
With bitcoin ASICs, you're already almost there at the top. Current bitcoin ASICs are not at Pentium1 levels.
It's still exponential because of quantity. Let's say they hit a wall with 28nm technology. They won't stop shipping in quantities, they will still be sold. Their price might go down some, which will encourage more sales. I say might, because not all MFG's have lowered their cost. And folks who mine altcoin can still find these useful tremendously.
This is something I don't understand. Folks are all up in arms about the systems not mining for useful profits beyond a certain point with bitcoin.. Ok? So shift your coins? I'm mining some altcoins using ASIC equipment and I'm making decent returns with them. They can be traded for fiat or, guess what, bitcoin.
Mining is a long-term thing, and with some sense, you can manage to get returns "somehow" by shifting what you're mining.
Makes sense. Which altcoins are you mining if you don't mind me asking ?
Its going to be exponential until it isn't.
I can't tell if I am being overly optimistic or pessimistic, but I anticipate that it will be exponential while all the current 28 nm projects are still in the process of shipping out their pre-orders... so until February or March of next year. Global network hash rate at time will likely be close to 14PH/s. Assuming 41M daily additional difficulty gain for the linear phase (currently we are at 1.5M daily additional so about 27x more hash power will be added daily due to the newer tech available), I modeled a 400GH unit arriving in mid October generating ~ 55BTC of the next 14 months (and a 520GH unit generating ~70BTC). If received Oct.1st, the numbers looks like 75btc and 90ish (for the 520 GHs spec).
Curious how close to reality that ends up.
I can't tell if I am being overly optimistic or pessimistic, but I anticipate that it will be exponential while all the current 28 nm projects are still in the process of shipping out their pre-orders... so until February or March of next year. Global network hash rate at time will likely be close to 14PH/s. Assuming 41M daily additional difficulty gain for the linear phase (currently we are at 1.5M daily additional so about 27x more hash power will be added daily due to the newer tech available), I modeled a 400GH unit arriving in mid October generating ~ 55BTC of the next 14 months (and a 520GH unit generating ~70BTC). If received Oct.1st, the numbers looks like 75btc and 90ish (for the 520 GHs spec).
Curious how close to reality that ends up.
Should be interesting if known miner device manufacturers stop shipping and the hashrate rises anyway pointing to some unknown manufacturer's hashing devices hitting the network.
Dude, ALL legit manufacturers devices will be hitting the network (with the probable exception of BFL).
Also are looking to stop shipping in December, January and February to protect the network for our customers,
320*1.3 =~ 433 not 520
Roi in 2020
Roi in 2020
Does being that stupid actually hurt?
I understand where he's coming from. The original clock rate was 320. He's presuming they're talking about an additional performance on top of the original clock rate. However, that's not the case. They adjusted the stock clock rate to 400 in one of their announcements. So he's wrong in saying 320, but I can see why he thought that.
The problem with this is that it's linear thinking, you're not taking into account the efficiency increase over time. Think about how much advancement has occurred with CPU/GPU's over the past decade. Exponential is putting it lightly.
Yes there will be increase in efficiency but there's a technological wall at some point. 28nm will be pretty much the standard in months to come and that's about it. There could be 20nm but I don't see that happening for years to come. Mainly because it's not widely available and way too expensive.
But to have it double > double > double > double > double > double >double > double is impossible. Mathically/technologically wise. People don't seem to understand this.
It's like saying current CPU tech. It becomes double the speed/efficiency next year. and double again next year and double again next year. Going by the logic, by 2020, we should have 60ghz cpu with only 20w usage. lol. That's not exactly the case if you look at the benchmarks for the past few years.
Yeah that was the case back in the old days, pentium 1s but those days are over.
With bitcoin ASICs, you're already almost there at the top. Current bitcoin ASICs are not at Pentium1 levels.
It's still exponential because of quantity. Let's say they hit a wall with 28nm technology. They won't stop shipping in quantities, they will still be sold. Their price might go down some, which will encourage more sales. I say might, because not all MFG's have lowered their cost. And folks who mine altcoin can still find these useful tremendously.
This is something I don't understand. Folks are all up in arms about the systems not mining for useful profits beyond a certain point with bitcoin.. Ok? So shift your coins? I'm mining some altcoins using ASIC equipment and I'm making decent returns with them. They can be traded for fiat or, guess what, bitcoin.
Mining is a long-term thing, and with some sense, you can manage to get returns "somehow" by shifting what you're mining.
320*1.3 =~ 433 not 520
Roi in 2020
Roi in 2020
Does being that stupid actually hurt?
Should be interesting if known miner device manufacturers stop shipping and the hashrate rises anyway pointing to some unknown manufacturer's hashing devices hitting the network.
Dude, ALL legit manufacturers devices will be hitting the network (with the probable exception of BFL).
Should be interesting if known miner device manufacturers stop shipping and the hashrate rises anyway pointing to some unknown manufacturer's hashing devices hitting the network.
They've already added a clause saying that they will continue to sell through Dec, Jan etc if other companies add lots of to the hash power to the network (which is what is happening).
You are misinterpreting that section. They meant they'll lower price of Nov hardware to match increased difficulty, not that they'll keep shipping after Nov.Actually i have clarified this my self with them. Actual e-mail response from them. The seem to plan on shipping dec-feb if other competitors are. Witch will most likely be the case.
"Hi,
We are in the final productions stages with our chips we cannot disclose more information at the moment in time. We are looking to drop our prices for November and orders placed in November would be expected to ship towards the end of November.
Also are looking to stop shipping in December, January and February to protect the network for our customers, However we would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.
If you have any further questions please do not hesitate in contacting us.
Med vänlig hälsning | Best regards
Keith Gurnett"
777 th/s network now. 270th/s rise in one week 
wtf is all this coming from??? At least the price of btc is rising
wtf is all this coming from??? At least the price of btc is risingBitfury, or blackmarket Bitsyncom.
Maybe this also:
https://bitcointalk.org/index.php?topic=269730.40
https://bitcointalk.org/index.php?topic=248625.0;all
5 PH/s correct me if I'm wrong at the speculation board (not here):
https://bitcointalksearch.org/topic/did-someone-just-put-100th-on-the-network-285607
Have KNC revealed how their miners connect to the internet yet? I think someone suggested it would be an ethernet connection, not wifi?
If it were an ethernet connection, how could you set up a backup?
Say you have a wifi router. And you want to set up a usb dongle as backup in case the router goes down. Is that possible to set this up via an ethernet cable?
If it were an ethernet connection, how could you set up a backup?
Say you have a wifi router. And you want to set up a usb dongle as backup in case the router goes down. Is that possible to set this up via an ethernet cable?
Ethernet & USB
Good, a USB Wifi dongle should work.
Have KNC revealed how their miners connect to the internet yet? I think someone suggested it would be an ethernet connection, not wifi?
If it were an ethernet connection, how could you set up a backup?
Say you have a wifi router. And you want to set up a usb dongle as backup in case the router goes down. Is that possible to set this up via an ethernet cable?
If it were an ethernet connection, how could you set up a backup?
Say you have a wifi router. And you want to set up a usb dongle as backup in case the router goes down. Is that possible to set this up via an ethernet cable?
Ethernet & USB
Good, a USB Wifi dongle should work.
4btc for 12ghs
Nobody wants them.
I can afford jupiter, but it was too risky for me to buy one and pray for roi.
I prefer investing in shares, jd investments, other asic hardware.
You could afford a Jupiter, yet you bought shares of a 5xxx order?Nobody wants them.
I can afford jupiter, but it was too risky for me to buy one and pray for roi.
I prefer investing in shares, jd investments, other asic hardware.
Wow, I guess some folks are just used to sharing their Big Mac.
i have bought shares in 5x order, below one hundred
but ok, i sold them today.
i am happy
And knc was on time, shares paid good dividends and you got nailed in the ass.
Thats my perspective anyhow
yeah wait 6 months to get 3 btc back
no thanks
Have KNC revealed how their miners connect to the internet yet? I think someone suggested it would be an ethernet connection, not wifi?
If it were an ethernet connection, how could you set up a backup?
Say you have a wifi router. And you want to set up a usb dongle as backup in case the router goes down. Is that possible to set this up via an ethernet cable?
If it were an ethernet connection, how could you set up a backup?
Say you have a wifi router. And you want to set up a usb dongle as backup in case the router goes down. Is that possible to set this up via an ethernet cable?
Ethernet & USB
They've already added a clause saying that they will continue to sell through Dec, Jan etc if other companies add lots of to the hash power to the network (which is what is happening).
You are misinterpreting that section. They meant they'll lower price of Nov hardware to match increased difficulty, not that they'll keep shipping after Nov. untill now knc
have delay
because no real photo of chips
and only a word that he will sent at end of will be ready
knc will be out of time for sure
Put your money where your mouth is:have delay
because no real photo of chips
and only a word that he will sent at end of will be ready
knc will be out of time for sure
http://bitbet.us/bet/472/kncminer-will-deliver-asic-devices-before-october-1st/
+1
Have KNC revealed how their miners connect to the internet yet? I think someone suggested it would be an ethernet connection, not wifi?
If it were an ethernet connection, how could you set up a backup?
Say you have a wifi router. And you want to set up a usb dongle as backup in case the router goes down. Is that possible to set this up via an ethernet cable?
If it were an ethernet connection, how could you set up a backup?
Say you have a wifi router. And you want to set up a usb dongle as backup in case the router goes down. Is that possible to set this up via an ethernet cable?
untill now knc
have delay
because no real photo of chips
and only a word that he will sent at end of will be ready
knc will be out of time for sure
have delay
because no real photo of chips
and only a word that he will sent at end of will be ready
knc will be out of time for sure
Man what the hell are you going to do with yourself in a year or so from now when no matter what freaking miner you have, have invested in, had wet dreams about, doesn't make a shit bit of difference? I just can't imagine what you will find to do with your spare time. Eventually I will take my Jupiter out into a field and introduce it to several .556 rounds from my LE6920. It will be fabulous. Will you come watch? Make a video? Perhaps start some kind of wonderful conspiracy theory? You need to get yourself a piece of ass bad man. I think it will change your entire outlook. 400 + pages of speculation and 398 of them are filled with this crap. Tell the voices in your head to take a Valium. Do you really think after the BFL fiasco the company that has a chance to say they did it, did it right, and did it on time are going to just piss everything away? You need to stop sniffing glue or whatever bro. Bad.
+1
untill now knc
have delay
because no real photo of chips
and only a word that he will sent at end of will be ready
knc will be out of time for sure
have delay
because no real photo of chips
and only a word that he will sent at end of will be ready
knc will be out of time for sure
Man what the hell are you going to do with yourself in a year or so from now when no matter what freaking miner you have, have invested in, had wet dreams about, doesn't make a shit bit of difference? I just can't imagine what you will find to do with your spare time. Eventually I will take my Jupiter out into a field and introduce it to several .556 rounds from my LE6920. It will be fabulous. Will you come watch? Make a video? Perhaps start some kind of wonderful conspiracy theory? You need to get yourself a piece of ass bad man. I think it will change your entire outlook. 400 + pages of speculation and 398 of them are filled with this crap. Tell the voices in your head to take a Valium. Do you really think after the BFL fiasco the company that has a chance to say they did it, did it right, and did it on time are going to just piss everything away? You need to stop sniffing glue or whatever bro. Bad.
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