https://bitmaintech.com/productDetail.htm?pid=00020140830074550960Um75pnzg06E3
How do the Titan owners feel now?
Topic: Swedish ASIC miner company kncminer.com - page 262. (Read 3049515 times)
except we were already fully aware of the implications a year ago
they havent suddenlly turned cuntish, its been evident all along.
the ONLY thing that has changed is when they ALL mutually agreed to equally fuck us over.
now theyre in collusion, nothing else has changed. (except their ball-less cheer squad have finally STFU)
cunts
they havent suddenlly turned cuntish, its been evident all along.
the ONLY thing that has changed is when they ALL mutually agreed to equally fuck us over.
now theyre in collusion, nothing else has changed. (except their ball-less cheer squad have finally STFU)
cunts
I KNEW that something was fishy after seeing Sam's picture with thief Josh Zerlan + Avalon.
was that the day you stormed out of KnC Centraal with them owing you grands and you owing the devil your soul?
before skipping toward SPTech with ribbons in your hair...
+10 @ xhomerx10
Just read the newsletter in my email. Was the Arctic cloud hosting a joke? It's nowhere close to April Fool's. You can buy so much more BTC than what those hosting plans will ever buy at current rates.
A massive joke, indeed!
But have a look around. All of the other legitimate cloudmining operations are way overpriced too.
Lucky for them, they don't really need to sell contracts because they'll just mine for themselves. Unlucky for us, we'll never get an opportunity to continue mining once we shut down our @home rigs. Cloudmining will never make sense for people who are capable of basic math.
On a side note, my PBMining contracts that I started in the spring actually have a positive ROI now.
Although I don't see that happening for newcomers now.
On another side note, I lost 4.4BTC on the Lunamine scam. And I lost a considerable amount on CEX.io too. So I'm batting .333 on cloud mining ventures.
I mourn the days of lucrative mining hardware already. This sucks!
There is lucrative mining hardware but there is no one willing to sell it to you at normal profit margins IMHO. The Neptune pre-order was sold to returning customers for 10k USD and to new customers for 13k USD at the same time. I've been looking at intel CPUs and even the latest-greatest-bleeding-edge chip goes for ~1k USD. If you also take a look at Asicminer, they were selling 10 pack u-build miners for 10.4 BTC and then two weeks later for 7.9 BTC but those chips were a done deal in June. It seems that people are getting wiser and not coughing up the money for inflated-price miners. Hopefully the same holds true for the Artic Cloud - we took your chips and said we ran out, oh yeah and your refund money too p.s. thanks for the loaner you silly fools - hashing project.
Just read the newsletter in my email. Was the Arctic cloud hosting a joke? It's nowhere close to April Fool's. You can buy so much more BTC than what those hosting plans will ever buy at current rates.
A massive joke, indeed!
But have a look around. All of the other legitimate cloudmining operations are way overpriced too.
Lucky for them, they don't really need to sell contracts because they'll just mine for themselves. Unlucky for us, we'll never get an opportunity to continue mining once we shut down our @home rigs. Cloudmining will never make sense for people who are capable of basic math.
On a side note, my PBMining contracts that I started in the spring actually have a positive ROI now.
Although I don't see that happening for newcomers now.
On another side note, I lost 4.4BTC on the Lunamine scam. And I lost a considerable amount on CEX.io too. So I'm batting .333 on cloud mining ventures.
I mourn the days of lucrative mining hardware already. This sucks!
Just read the newsletter in my email. Was the Arctic cloud hosting a joke? It's nowhere close to April Fool's. You can buy so much more BTC than what those hosting plans will ever buy at current rates.
except we were already fully aware of the implications a year ago
they havent suddenlly turned cuntish, its been evident all along.
the ONLY thing that has changed is when they ALL mutually agreed to equally fuck us over.
now theyre in collusion, nothing else has changed. (except their ball-less cheer squad have finally STFU)
cunts
they havent suddenlly turned cuntish, its been evident all along.
the ONLY thing that has changed is when they ALL mutually agreed to equally fuck us over.
now theyre in collusion, nothing else has changed. (except their ball-less cheer squad have finally STFU)
cunts
I KNEW that something was fishy after seeing Sam's picture with thief Josh Zerlan + Avalon.
except we were already fully aware of the implications a year ago
they havent suddenlly turned cuntish, its been evident all along.
the ONLY thing that has changed is when they ALL mutually agreed to equally fuck us over.
now theyre in collusion, nothing else has changed. (except their ball-less cheer squad have finally STFU)
cunts
they havent suddenlly turned cuntish, its been evident all along.
the ONLY thing that has changed is when they ALL mutually agreed to equally fuck us over.
now theyre in collusion, nothing else has changed. (except their ball-less cheer squad have finally STFU)
cunts
What KNC is really doing with their mining service, is selling overpriced BTC.
Exactly, now the brilliance of the scheme starts to see the light of day.
What KNC is really doing with their mining service, is selling overpriced BTC.
I think that knc is going crazy. Concracts are too expensive and for a limited time !
https://www.kncminer.com/products/1ths-of-bitcoin-mining-for-6-months
How the fuck with that ROI?
4 bitcoins for 1 tera/hash for only 6 months. I think that ROI (with all calculators) is impossible
I'm trying to figure out why cloud mining is such a rip off right now. You figure that there would be some price competition to bring the prices closer to reality.
Because legitimate cloud mining operations don't really care if you buy their product unless you're willing to pay more for the hash than they can earn by mining with it themselves.
You see, they are already making money by mining with the hardware now. It's a brilliant strategy for the operators and a terrible investment for customers.
I posted this in regards to bitmains cloud offering, but it's equally true here.
The only difference with KNC's offer is the word 'slim' can be replaced with 'not a snowballs chance in hell'
Bitmain sold over $250,000 worth of shares in the first couple of hours so no chance of my second sentence coming true.
Quote
Selling cloud mining is a way to raise money for the next generation equipment. This wouldn't be so bad if you stood a chance of making a profit as well out of the deal but the chances are slim, and that new equipment will be deployed by them before you have access to it, raising the difficulty and further eroding your returns from the current offering.
ALL manufacturers are ripping off buyers, the only way the equation will start to balance so that BOTH parties make something is when people stop paying these inflated prices.
ALL manufacturers are ripping off buyers, the only way the equation will start to balance so that BOTH parties make something is when people stop paying these inflated prices.
The only difference with KNC's offer is the word 'slim' can be replaced with 'not a snowballs chance in hell'
Bitmain sold over $250,000 worth of shares in the first couple of hours so no chance of my second sentence coming true.
This is bullshit. They still mine. But they take the proceeds of that mining and resell it for their benefit. That is mining. They are totally outside the scope of their statement. It is an outrage.
KnC has now removed the 5% promise from their FAQ page. I guess they think this means the promise no longer applies? Did their promise to not mine more than 5% somehow get revoked? What if we as customers/suckers believed they would hold to this promise and we relied upon that assurance when we made our decision to purchase their mining gear? They think it is OK to go back on that promise now?
KnC has now removed the 5% promise from their FAQ page. I guess they think this means the promise no longer applies? Did their promise to not mine more than 5% somehow get revoked? What if we as customers/suckers believed they would hold to this promise and we relied upon that assurance when we made our decision to purchase their mining gear? They think it is OK to go back on that promise now?
I know. I was just imagining how would they excuse themselves. I bet that if they have 7PH for selling they have another 7PH for themselves...
Received a cloud hashing sales message today. Fortunately, the clear cut terms have made the math extremely easy.
$2k for 6 months hashing at 1th.
- With no difficulty increases, 1th will earn around 3.24 BTC over 6 months.
- $2k today will buy you around 4.10 BTC.
- In order to mine 4.10 BTC in 6 months, difficulty needs to drop to around 23 billion and stay there for 6 months.
This is a great deal if you believe hashrate is getting ready to drop below 23 billion and keep dropping.
$2k for 6 months hashing at 1th.
- With no difficulty increases, 1th will earn around 3.24 BTC over 6 months.
- $2k today will buy you around 4.10 BTC.
- In order to mine 4.10 BTC in 6 months, difficulty needs to drop to around 23 billion and stay there for 6 months.
This is a great deal if you believe hashrate is getting ready to drop below 23 billion and keep dropping.
However, there will still be some mathematically challenged people that will think it's a great deal and buy it just because it's from "the most trusted name in bitcoin mining!" Excuse me. I just had to vomit.
lol
Does anyone have any idea how much revenue KnC generates by mining?
2192 BTC a day.
Whats that about 11 PH out of 208 PH of the total network (5.3%) is pretty close estimation, before electricity costs.
KNC doesn't pay for electricity, they steal it from the locals!
So its 100% profit for them.
Yep. oops. corrected.
Does anyone have any idea how much revenue KnC generates by mining?
According to http://organofcorti.blogspot.com/ , KnC currently hashes with about 5.8 picohashes of equipment. (Give or take 1 picohash or so.)
So at current difficulty before costs, that is about 106 BTC a day, or 51,000 USD.
Down to 5.8 Picohash?...that would be nice
pico = 10^-12
You meant petahash which is 10^15
Does anyone have any idea how much revenue KnC generates by mining?
2192 BTC a day.
Whats that about 11 PH out of 208 PH of the total network (5.3%) is pretty close estimation, before electricity costs.
Does anyone have any idea how much revenue KnC generates by mining?
According to http://organofcorti.blogspot.com/ , KnC currently hashes with about 5.8 petahashes of equipment. (Give or take 1 petahash or so.)
So at current difficulty before costs, that is about 106 BTC a day, or 51,000 USD.
Does anyone have any idea how much revenue KnC generates by mining?
2192 BTC a day.
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