Topic: Swedish ASIC miner company kncminer.com - page 1919. (Read 3049501 times)

Quote from: erk on July 26, 2013, 04:49:29 AM

not quite, IMHO. if HashFast will sell a significant amount of miners at a competitive price obviously difficulty will increase faster than expected, so our time to ROI will become longer, no?

I see no difference between a competitors effect on ROI vs the effect of hashing from KNCminer boxes that come online after yor receive yours.

sorry maybe I'm slow, but you're saying that as long as KnC will deploy faster than HashFast there will be no difference on KnC 's customers ROI ?

No, he means competing companies are bound to appear, as are new buyers of the technology they produce, that is inevitable, as it is that KnC will also gain new custom. It makes no difference to you as to which competitor the next guy goes to, as that is your competition regardless of whether they purchase from KnC, or another competitor...

sickpig

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Quote from: Bitcoinorama on July 26, 2013, 04:55:40 AM

not quite, IMHO. if HashFast will sell a significant amount of miners at a competitive price obviously difficulty will increase faster than expected, so our time to ROI will become longer, no?

I see no difference between a competitors effect on ROI vs the effect of hashing from KNCminer boxes that come online after yor receive yours.

sorry maybe I'm slow, but you're saying that as long as KnC will deploy faster than HashFast there will be no difference on KnC 's customers ROI ?

frankenmint

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HoneybadgerOfMoney.com Weed4bitcoin.com

Just read this: https://bitcointalksearch.org/topic/hashfast-announces-specs-for-new-asic-400ghs-262052
Should we, who have KnC preorders, start panicking? Cheesy

A 400watt chip, that's should be interesting to cool.

Is the price and model information released?

not yet

Obviously theses systems are coming to market after KNCminer is scheduled to ship, so that wont be an issue.

not quite, IMHO. if HashFast will sell a significant amount of miners at a competitive price obviously difficulty will increase faster than expected, so our time to ROI will become longer, no?

A single retarget never changes by more than a factor of 4 as a stop mechanism to prevent large changes in difficulty (except for in a special case that only applies on testnet).

The code that enforces this is here;

https://github.com/bitcoin/bitcoin/blob/d62a1947be5350ed60066ccacc7aba43bbdf48fb/src/main.cpp#L875

However the rate and the proportionate share of reward of the total 2016 blocks is required to be solved in between each difficulty retarget will be affected by a sudden increase in network hashrate;

"The difficulty is adjusted every 2016 blocks based on the time it took to find the previous 2016 blocks. At the desired rate of one block each 10 minutes, 2016 blocks would take exactly two weeks to find. If the previous 2016 blocks took more than two weeks to find, the difficulty is reduced. If they took less than two weeks, the difficulty is increased. The change in difficulty is in proportion to the amount of time over or under two weeks the previous 2016 blocks took to find."

But as Erk just pointed out, irrespective of whether it is boxes from Bitfury, Hashfast, other future competitors using 28nm, or additional boxes from KnC themselves, if people wish to buy into mining themselves there will be options in the near future for them to do that. So until the market it saturated with buyers that aren't getting burned by scammers hashrate will rise regardless...

back to topic pls....no one cares about competitors on this thread....gimmie my KNC FIX!

Bitcoinorama

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Just read this: https://bitcointalksearch.org/topic/hashfast-announces-specs-for-new-asic-400ghs-262052
Should we, who have KnC preorders, start panicking? Cheesy

A 400watt chip, that's should be interesting to cool.

Is the price and model information released?

not yet

Obviously theses systems are coming to market after KNCminer is scheduled to ship, so that wont be an issue.

not quite, IMHO. if HashFast will sell a significant amount of miners at a competitive price obviously difficulty will increase faster than expected, so our time to ROI will become longer, no?

A single retarget never changes by more than a factor of 4 as a stop mechanism to prevent large changes in difficulty (except for in a special case that only applies on testnet).

The code that enforces this is here;

https://github.com/bitcoin/bitcoin/blob/d62a1947be5350ed60066ccacc7aba43bbdf48fb/src/main.cpp#L875

However the rate and the proportionate share of reward of the total 2016 blocks is required to be solved in between each difficulty retarget will be affected by a sudden increase in network hashrate;

"The difficulty is adjusted every 2016 blocks based on the time it took to find the previous 2016 blocks. At the desired rate of one block each 10 minutes, 2016 blocks would take exactly two weeks to find. If the previous 2016 blocks took more than two weeks to find, the difficulty is reduced. If they took less than two weeks, the difficulty is increased. The change in difficulty is in proportion to the amount of time over or under two weeks the previous 2016 blocks took to find."

But as Erk just pointed out, irrespective of whether it is boxes from Bitfury, Hashfast, other future competitors using 28nm, or additional boxes from KnC themselves, if people wish to buy into mining themselves there will be options in the near future for them to do that. So until the market it saturated with buyers that aren't getting burned by scammers hashrate will rise regardless...

erk

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Just read this: https://bitcointalksearch.org/topic/hashfast-announces-specs-for-new-asic-400ghs-262052
Should we, who have KnC preorders, start panicking? Cheesy

A 400watt chip, that's should be interesting to cool.

Is the price and model information released?

not yet

Obviously theses systems are coming to market after KNCminer is scheduled to ship, so that wont be an issue.

not quite, IMHO. if HashFast will sell a significant amount of miners at a competitive price obviously difficulty will increase faster than expected, so our time to ROI will become longer, no?

I see no difference between a competitors effect on ROI vs the effect of hashing from KNCminer boxes that come online after yor receive yours.

sickpig

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Activity: 1260

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Just read this: https://bitcointalksearch.org/topic/hashfast-announces-specs-for-new-asic-400ghs-262052
Should we, who have KnC preorders, start panicking? Cheesy

A 400watt chip, that's should be interesting to cool.

Is the price and model information released?

not yet

Obviously theses systems are coming to market after KNCminer is scheduled to ship, so that wont be an issue.

not quite, IMHO. if HashFast will sell a significant amount of miners at a competitive price obviously difficulty will increase faster than expected, so our time to ROI will become longer, no?

erk

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Activity: 826

Merit: 500