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.
Topic: Swedish ASIC miner company kncminer.com - page 263. (Read 3049515 times)
Soon capital will back to Bitcoin and Litecoin, will see~ after Ali's IPO success!
What is "Ali's IPO success"?
Alibaba's IPO recently?
Any news on when CA batch Neptune customers will get their bonus rig?
^^ Yeah, how about an update on this ^^
I am also getting antsy to get my hands on my bonus miner... The weather is starting to turn and I need more heaters!
https://twitter.com/ben_turas/status/506730666864963584
@kncminer And what happens to the GHs not sold ? https://www.kncminer.com/pages/faq "We will not mine with more than 5% of the hash rate we sell"
@kncminer And what happens to the GHs not sold ? https://www.kncminer.com/pages/faq "We will not mine with more than 5% of the hash rate we sell"
I know that you are not expecting a reply from KnC so I will try to answer you. Technically once they sell the hashrate they don't mine with it so they are within that statement.
Of course there is mining that is happening since Feb/March, but they don't care. FU Sam Cole and FU whole KnC team (except maybe Markus).
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?
Soon capital will back to Bitcoin and Litecoin, will see~ after Ali's IPO success!
What is "Ali's IPO success"?
What makes you think that some of us aren't massively profiting from these price drops?
For some of those shorting, a drop to $100 could spell instant retirement.
For some of those shorting, a drop to $100 could spell instant retirement.
How does shorting works? I mean if you just sell the BTC you gain nothing. It works like in a forex where you open a sell order and when the price goes down then you make money? How many providers offers such services?
Sort of. I borrow 100BTC from someone and sell it for $500/BTC. Now I have $50,000 and 0BTC, but I owe that 100BTC back. Let's say USD/BTC now drops down to $100/BTC. I buy 100BTC, now I have 100BTC and $40,000. I give the 100BTC back to the person I borrowed from and keep the $40,000 for myself (or convert that $40,000 to BTC at $100/BTC and keep that).
There's quite a bit more to it, but that's the basic idea.
As to who offers: Bitfinex, BTC.sx, PLus500, and others I'm sure.
This is why people should hold their own gold/bitcoin/shares etc.
When you let an institution hold them for you they lend them out to shorters for a fee and you are just another creditor should they go bust.
I wonder if we can buy hashing power, and use that to point to our own pool, or maybe even ck's pool (solo miner pool thing)... then hope to get 25 BTC by solving a block within the next 6 months during the hosting contract.
Don't think so:
Code:
* KnC Clear Sky Pool (PPS).
I wonder if we can buy hashing power, and use that to point to our own pool, or maybe even ck's pool (solo miner pool thing)... then hope to get 25 BTC by solving a block within the next 6 months during the hosting contract.
Does any one purchase jupiter chips to build miner already, I'm about to do it, any advice, thanks in advance!
I have a chance to buy two of EVGA's SuperNOVA NEX 1500 Classified PSU's (1500W each/OC to 1650W) for my Neptune.
http://www.evga.com/products/Specs/PSU.aspx?pn=FDDCBF04-5C70-4324-930F-E9295A96CEF5
What are your thoughts?
Thanks
http://www.evga.com/products/Specs/PSU.aspx?pn=FDDCBF04-5C70-4324-930F-E9295A96CEF5
What are your thoughts?
Thanks
Yeah, but what happens with the hash rate before it is "sold" ?
I bet you only need one guess.
I bet you only need one guess.
No need to guess. It's a known fact. It's burning the units for testing purposes!
https://twitter.com/ben_turas/status/506730666864963584
@kncminer And what happens to the GHs not sold ? https://www.kncminer.com/pages/faq "We will not mine with more than 5% of the hash rate we sell"
@kncminer And what happens to the GHs not sold ? https://www.kncminer.com/pages/faq "We will not mine with more than 5% of the hash rate we sell"
I know that you are not expecting a reply from KnC so I will try to answer you. Technically once they sell the hashrate they don't mine with it so they are within that statement.
Of course there is mining that is happening since Feb/March, but they don't care. FU Sam Cole and FU whole KnC team (except maybe Markus).
I bet you only need one guess.
fuck 'em all!
they have met up, and colluded 'in secret' to fuck us all
so..... fuck 'em all!!
im going to spend the rest of my life wishing localised EMP storms all over their farms!
they have met up, and colluded 'in secret' to fuck us all
so..... fuck 'em all!!
im going to spend the rest of my life wishing localised EMP storms all over their farms!
https://twitter.com/ben_turas/status/506730666864963584
@kncminer And what happens to the GHs not sold ? https://www.kncminer.com/pages/faq "We will not mine with more than 5% of the hash rate we sell"
@kncminer And what happens to the GHs not sold ? https://www.kncminer.com/pages/faq "We will not mine with more than 5% of the hash rate we sell"
I know that you are not expecting a reply from KnC so I will try to answer you. Technically once they sell the hashrate they don't mine with it so they are within that statement.
Of course there is mining that is happening since Feb/March, but they don't care. FU Sam Cole and FU whole KnC team (except maybe Markus).
https://twitter.com/ben_turas/status/506730666864963584
@kncminer And what happens to the GHs not sold ? https://www.kncminer.com/pages/faq "We will not mine with more than 5% of the hash rate we sell"
@kncminer And what happens to the GHs not sold ? https://www.kncminer.com/pages/faq "We will not mine with more than 5% of the hash rate we sell"
@gleb
the lunamine reply was a joke.
the lunamine reply was a joke.
heh at those prices it can stay a joke.....KNC may be in for a rude awakening....of course maybe enough fools out there?
Searing
@gleb
the lunamine reply was a joke.
the lunamine reply was a joke.
Just received this:
Quote
We're open for business.
Today we’re proud to publicly announce the opening of our new cloud hashing system KnCCloud.com, delivered from our Clear Sky mining farms in the polar region.
Now that we’ve delivered most of our 20nm Neptune Bitcoin Miners we’ve got overcapacity from the expired ”Plan B - Hash While You Wait” offers. These were all delivered from our 7+PH/s Clear Sky mining farm in the north of Sweden. Now for a limited time we’re selling that overcapacity in packaged online mining contracts.
This is powerful Bitcoin mining made easy.
Our farms are naturally cooled by the surrounding arctic air and exclusively powered by renewable energy. Our miners and workers enjoy a clear sky view as we keep our hangar doors open for natural circulation.
Our 24/7 - polar night, midnight sun - operations features:
* Up-to-the-minute stats with graphs on your mining history.
* Individual payout threshold settings.
* One-click calculation of sharing balance among addresses.
* KnC Clear Sky Pool (PPS).
* 2-factor authentication & SSL-protected admin area.
* Split payouts onto multiple addresses automagically.
* No hidden fees (no setup costs, no maintenance fee, no pool fee, no energy tax fee). The price we market is the price you pay.
* No ”+-5% fluctuation” (we absorb fluctuations with our margin mining on top of the pool) - the terahash you pay for is the terahash you get.
Get in early - limited number of packages for sale.
1995 USD for 1 TH/s (6 months) ≈ 1.99 USD/GHs
(≈333 USD if calculated as a monthly expense)
5495 USD for 3 TH/s (6 months) ≈ 1.89 USD/GHs
(≈915 USD if calculated as a monthly expense)
8995 USD for 5 TH/s (6 months) ≈ 1.79 USD/GHs
(≈1499 USD if calculated as a monthly expense)
All applicable costs are included in the packaged contracts.
These online mining contracts are payable in bitcoin and bank transfers only and sold as full 6-months packages (they can not be paid monthly) and are non-refundable. Activation immediately upon confirmed full payment.
This offer is only available in select territories (we're working on expanding this list as quickly as possible).
Best,
The KnC Team, Stockholm, September 2, 2014.
www.knccloud.com
Today we’re proud to publicly announce the opening of our new cloud hashing system KnCCloud.com, delivered from our Clear Sky mining farms in the polar region.
Now that we’ve delivered most of our 20nm Neptune Bitcoin Miners we’ve got overcapacity from the expired ”Plan B - Hash While You Wait” offers. These were all delivered from our 7+PH/s Clear Sky mining farm in the north of Sweden. Now for a limited time we’re selling that overcapacity in packaged online mining contracts.
This is powerful Bitcoin mining made easy.
Our farms are naturally cooled by the surrounding arctic air and exclusively powered by renewable energy. Our miners and workers enjoy a clear sky view as we keep our hangar doors open for natural circulation.
Our 24/7 - polar night, midnight sun - operations features:
* Up-to-the-minute stats with graphs on your mining history.
* Individual payout threshold settings.
* One-click calculation of sharing balance among addresses.
* KnC Clear Sky Pool (PPS).
* 2-factor authentication & SSL-protected admin area.
* Split payouts onto multiple addresses automagically.
* No hidden fees (no setup costs, no maintenance fee, no pool fee, no energy tax fee). The price we market is the price you pay.
* No ”+-5% fluctuation” (we absorb fluctuations with our margin mining on top of the pool) - the terahash you pay for is the terahash you get.
Get in early - limited number of packages for sale.
1995 USD for 1 TH/s (6 months) ≈ 1.99 USD/GHs
(≈333 USD if calculated as a monthly expense)
5495 USD for 3 TH/s (6 months) ≈ 1.89 USD/GHs
(≈915 USD if calculated as a monthly expense)
8995 USD for 5 TH/s (6 months) ≈ 1.79 USD/GHs
(≈1499 USD if calculated as a monthly expense)
All applicable costs are included in the packaged contracts.
These online mining contracts are payable in bitcoin and bank transfers only and sold as full 6-months packages (they can not be paid monthly) and are non-refundable. Activation immediately upon confirmed full payment.
This offer is only available in select territories (we're working on expanding this list as quickly as possible).
Best,
The KnC Team, Stockholm, September 2, 2014.
www.knccloud.com
Nah, no thanks i will stick with lunamine.com thanks.
Are you sure? All three hangers are adjacent to one another.
Just received this:
Quote
We're open for business.
Today we’re proud to publicly announce the opening of our new cloud hashing system KnCCloud.com, delivered from our Clear Sky mining farms in the polar region.
Now that we’ve delivered most of our 20nm Neptune Bitcoin Miners we’ve got overcapacity from the expired ”Plan B - Hash While You Wait” offers. These were all delivered from our 7+PH/s Clear Sky mining farm in the north of Sweden. Now for a limited time we’re selling that overcapacity in packaged online mining contracts.
This is powerful Bitcoin mining made easy.
Our farms are naturally cooled by the surrounding arctic air and exclusively powered by renewable energy. Our miners and workers enjoy a clear sky view as we keep our hangar doors open for natural circulation.
Our 24/7 - polar night, midnight sun - operations features:
* Up-to-the-minute stats with graphs on your mining history.
* Individual payout threshold settings.
* One-click calculation of sharing balance among addresses.
* KnC Clear Sky Pool (PPS).
* 2-factor authentication & SSL-protected admin area.
* Split payouts onto multiple addresses automagically.
* No hidden fees (no setup costs, no maintenance fee, no pool fee, no energy tax fee). The price we market is the price you pay.
* No ”+-5% fluctuation” (we absorb fluctuations with our margin mining on top of the pool) - the terahash you pay for is the terahash you get.
Get in early - limited number of packages for sale.
1995 USD for 1 TH/s (6 months) ≈ 1.99 USD/GHs
(≈333 USD if calculated as a monthly expense)
5495 USD for 3 TH/s (6 months) ≈ 1.89 USD/GHs
(≈915 USD if calculated as a monthly expense)
8995 USD for 5 TH/s (6 months) ≈ 1.79 USD/GHs
(≈1499 USD if calculated as a monthly expense)
All applicable costs are included in the packaged contracts.
These online mining contracts are payable in bitcoin and bank transfers only and sold as full 6-months packages (they can not be paid monthly) and are non-refundable. Activation immediately upon confirmed full payment.
This offer is only available in select territories (we're working on expanding this list as quickly as possible).
Best,
The KnC Team, Stockholm, September 2, 2014.
www.knccloud.com
Today we’re proud to publicly announce the opening of our new cloud hashing system KnCCloud.com, delivered from our Clear Sky mining farms in the polar region.
Now that we’ve delivered most of our 20nm Neptune Bitcoin Miners we’ve got overcapacity from the expired ”Plan B - Hash While You Wait” offers. These were all delivered from our 7+PH/s Clear Sky mining farm in the north of Sweden. Now for a limited time we’re selling that overcapacity in packaged online mining contracts.
This is powerful Bitcoin mining made easy.
Our farms are naturally cooled by the surrounding arctic air and exclusively powered by renewable energy. Our miners and workers enjoy a clear sky view as we keep our hangar doors open for natural circulation.
Our 24/7 - polar night, midnight sun - operations features:
* Up-to-the-minute stats with graphs on your mining history.
* Individual payout threshold settings.
* One-click calculation of sharing balance among addresses.
* KnC Clear Sky Pool (PPS).
* 2-factor authentication & SSL-protected admin area.
* Split payouts onto multiple addresses automagically.
* No hidden fees (no setup costs, no maintenance fee, no pool fee, no energy tax fee). The price we market is the price you pay.
* No ”+-5% fluctuation” (we absorb fluctuations with our margin mining on top of the pool) - the terahash you pay for is the terahash you get.
Get in early - limited number of packages for sale.
1995 USD for 1 TH/s (6 months) ≈ 1.99 USD/GHs
(≈333 USD if calculated as a monthly expense)
5495 USD for 3 TH/s (6 months) ≈ 1.89 USD/GHs
(≈915 USD if calculated as a monthly expense)
8995 USD for 5 TH/s (6 months) ≈ 1.79 USD/GHs
(≈1499 USD if calculated as a monthly expense)
All applicable costs are included in the packaged contracts.
These online mining contracts are payable in bitcoin and bank transfers only and sold as full 6-months packages (they can not be paid monthly) and are non-refundable. Activation immediately upon confirmed full payment.
This offer is only available in select territories (we're working on expanding this list as quickly as possible).
Best,
The KnC Team, Stockholm, September 2, 2014.
www.knccloud.com
Nah, no thanks i will stick with lunamine.com thanks.
Just received this:
Quote
We're open for business.
Today we’re proud to publicly announce the opening of our new cloud hashing system KnCCloud.com, delivered from our Clear Sky mining farms in the polar region.
Now that we’ve delivered most of our 20nm Neptune Bitcoin Miners we’ve got overcapacity from the expired ”Plan B - Hash While You Wait” offers. These were all delivered from our 7+PH/s Clear Sky mining farm in the north of Sweden. Now for a limited time we’re selling that overcapacity in packaged online mining contracts.
This is powerful Bitcoin mining made easy.
Our farms are naturally cooled by the surrounding arctic air and exclusively powered by renewable energy. Our miners and workers enjoy a clear sky view as we keep our hangar doors open for natural circulation.
Our 24/7 - polar night, midnight sun - operations features:
* Up-to-the-minute stats with graphs on your mining history.
* Individual payout threshold settings.
* One-click calculation of sharing balance among addresses.
* KnC Clear Sky Pool (PPS).
* 2-factor authentication & SSL-protected admin area.
* Split payouts onto multiple addresses automagically.
* No hidden fees (no setup costs, no maintenance fee, no pool fee, no energy tax fee). The price we market is the price you pay.
* No ”+-5% fluctuation” (we absorb fluctuations with our margin mining on top of the pool) - the terahash you pay for is the terahash you get.
Get in early - limited number of packages for sale.
1995 USD for 1 TH/s (6 months) ≈ 1.99 USD/GHs
(≈333 USD if calculated as a monthly expense)
5495 USD for 3 TH/s (6 months) ≈ 1.89 USD/GHs
(≈915 USD if calculated as a monthly expense)
8995 USD for 5 TH/s (6 months) ≈ 1.79 USD/GHs
(≈1499 USD if calculated as a monthly expense)
All applicable costs are included in the packaged contracts.
These online mining contracts are payable in bitcoin and bank transfers only and sold as full 6-months packages (they can not be paid monthly) and are non-refundable. Activation immediately upon confirmed full payment.
This offer is only available in select territories (we're working on expanding this list as quickly as possible).
Best,
The KnC Team, Stockholm, September 2, 2014.
www.knccloud.com
Today we’re proud to publicly announce the opening of our new cloud hashing system KnCCloud.com, delivered from our Clear Sky mining farms in the polar region.
Now that we’ve delivered most of our 20nm Neptune Bitcoin Miners we’ve got overcapacity from the expired ”Plan B - Hash While You Wait” offers. These were all delivered from our 7+PH/s Clear Sky mining farm in the north of Sweden. Now for a limited time we’re selling that overcapacity in packaged online mining contracts.
This is powerful Bitcoin mining made easy.
Our farms are naturally cooled by the surrounding arctic air and exclusively powered by renewable energy. Our miners and workers enjoy a clear sky view as we keep our hangar doors open for natural circulation.
Our 24/7 - polar night, midnight sun - operations features:
* Up-to-the-minute stats with graphs on your mining history.
* Individual payout threshold settings.
* One-click calculation of sharing balance among addresses.
* KnC Clear Sky Pool (PPS).
* 2-factor authentication & SSL-protected admin area.
* Split payouts onto multiple addresses automagically.
* No hidden fees (no setup costs, no maintenance fee, no pool fee, no energy tax fee). The price we market is the price you pay.
* No ”+-5% fluctuation” (we absorb fluctuations with our margin mining on top of the pool) - the terahash you pay for is the terahash you get.
Get in early - limited number of packages for sale.
1995 USD for 1 TH/s (6 months) ≈ 1.99 USD/GHs
(≈333 USD if calculated as a monthly expense)
5495 USD for 3 TH/s (6 months) ≈ 1.89 USD/GHs
(≈915 USD if calculated as a monthly expense)
8995 USD for 5 TH/s (6 months) ≈ 1.79 USD/GHs
(≈1499 USD if calculated as a monthly expense)
All applicable costs are included in the packaged contracts.
These online mining contracts are payable in bitcoin and bank transfers only and sold as full 6-months packages (they can not be paid monthly) and are non-refundable. Activation immediately upon confirmed full payment.
This offer is only available in select territories (we're working on expanding this list as quickly as possible).
Best,
The KnC Team, Stockholm, September 2, 2014.
www.knccloud.com
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