Topic: Swedish ASIC miner company kncminer.com - page 350. (Read 3050075 times)

It seems like the logical next step to me.

However, it doesn´t really matter who deploys the massive DCs (except for the few remaining KNC customers who rightfully feel betrayed).

Fact is, there will be much more big deployment in the future, both with Bitfury, Asicminer and KNC devices.

Asicminer needs to sell in order to get NRE back, Bitfury and KNC should be swimming in money, but still they can make more.

Isn´t this the normal course of things?

The hosting isn´t expensive, (some of it) is a good rate for such high density deployments.

At first glance it might be expensive compared to running your miner at home, but even @home you need to factor in the used space, one-time expenses like AC, etc.
Finally, deploying at home scales much less easily.

The reason why you buy expensive hardware is because datatank isn´t around yet with a deployed mine, therefore there is no pressure for miners to look for maximized efficiency.

While DataTank might have 10MW online in 3-6months, it will be only a very small percentage of the network, still enabling less efficient (in terms of OpCost) miners to profit.

I am all for DataTank, as it seems to be a no-brainer with such low operational cost and a modular DC design.
It is an investment though, and the infrastructure (aka DataTank) will need around 9 months to break even with an aircooled device. After that you can REAP profits though, no doubt about it.

Anyone have source on this?

They're really f*cking the customers well

With expensive hosting (>$0.1/kwh) how can miners who buy overpriced hardware possibly compete with mining operations like datatank with much cheaper hardware and hosting costs less than $0.025/kwh?

That sam arsehole, is a man of no dignity, he promised not to mine over 5% of the customers hash rate, and now he is not honoring the refunds that were promise, he is a thief.

We should organize, we should not let this crooks get away, they have stole millions from miners like you and me.
he sold used junk as new.

He is pure filth, he could sell his mother if he could, a perfect example of pure greed and evil.

Correction. Use my affiliate link and I will donate a percent of the hashrate bought.

Also a pretty weak reply to my view of seeing things. The way I see your reply after my analyze is like a caveman with a bat in his hand smashing things while someone explains him how stuff works.


No you don't if you colocate your unit: https://bitcointalksearch.org/topic/hw-hosting-directory-reputation-622998

Everyone knows the secret to earning bitcoins is by pimping spondoolies hardware.

PS: use my affiliate link (1000% roi guaranteed)

there is no magic secret. i am no longer mining bitcoin (Option C)  
ADD: your circuit must be very old if you are needing to rewire your home for 2500W
ADD: and it's nothing to do with reselling. I am mining, just not bitcoin.

Just because he is a greedy bastard he will not do something to disrupt bitcoin network.


I will cross post this (original post https://bitcointalksearch.org/topic/m.7480675)

This has been discussed so many times already. As stated before I think there is a small misconception about the bitcoin ROI. Buying and holding 9 bitcoins raises the question of when you exchange them back to fiat or what are you doing with them while mining gives you more options.The way I see it it this:

- Exchange rate doesn't move for 6-12 months:
         - Buying and holding makes 0 profit;
         - Mining will show a profit because there is less incentive to deploy new hashpower
- Exchange rate goes up (fast or slow):
         - Buying and holding will show a profit, but uncertain because of the moment of exchanging. Will you exchange at 1000$, 1200$, 1500$ and so on. If you exchange 3 bitcoin at 1000$ and next month you have a 1200$ rate then you lost some profit there, while mining tends to smooth a bit this;
         - Mining will always show a profit if exchange rate goes up. I realize that it will be smaller than buying and holding if the exchange rate will go up fast, but since nobody doesn't know the future I prefer the conservative way instead of the lotto way.

There you have it. Out of 4 possibilities only 3 will show a profit and 2 out of 3 are from mining. It's everyone's choice how he plans his financing. All ROI discussions sums up to the above for me and I feel that it's a very over discussed general subject.

I have $5095

Option A: buy 8.5 bitcoin today

Option B: buy a 6 TH/s miner with delivery in september that will mine back in its lifetime less than 5 bitcoin (and thats assuming it is delivered beginning of september). Oh, and you still have to pay for power and rewiring your house.

Please do enlighten us all and tell us how a buyer could go for option B and possibly be better off than option A? What is your magic secret?

If Sam Arsehole have 51% of the network,  it's all over.
I don't think that GREEDY bastard understand it.

Bigger hashrate is good, lying own customers is bad.

If Sam Arsecole keep increasing his hashrate, Bitcoin will loose it creditbility and price will fall.
Good job Sam arsehole.

SP30 is 2500w in total

6TH spon is only 2500 watts, pretty efficient.  But will only mine 4 BTC if it comes in beginning September  =:0

there is a group buy thread for a sp30 at 4500 getting started...i think it is the 2nd batch sept order?

on the other hand perhaps BTC ...just buy coin already is the better deal right now...awful lot of hash hitting the blockchain etc

Searing


2 1250 w power supplies me thinks?

on a side note i have a sept sp30 coming (yeah prob should have just bought coin) and a Titan so 2500w for sp30 and 1250 watts for the Titan.  Anyway hosting it in my cold
upper midwest basement (will likely need a/c in Aug/Sept)

anyway have a 100 amp service called elec inspector (have no central a/c and gas water heater etc) and he said it would have no problem on a 100 amp service even
running 3,750 watts on miner and 1 a/c unit in my bedroom and maybe a  small a/c unit in the basement casement window..just to monitor it..i live aloine also lite use
can be 'creative' on clothes drying and/or using the stove/oven if needed

so 'supposedly' i should be ok? (the elec company is gonna 'own my ass') also as a side note anyone that is 'inspired/er stupid' enough to host such in their basement the elec company said i could get 'commercial elec rates' in my house (residential neighborhood) ..the fees are more the rates are less I likely will only shave off 3c a kwh or so but what the heck

anyway what i think i know so far on the above (it changes daily what i think i know about stuff)

Searing

6TH and comes with power supplies. 2 x 2500 watt supplies? Going to have to put it in a data center. No way you can run it in your garage unless you do some major electrical work.

perhaps it's not the miner which is a bad deal, but how the buyer uses it.

Yuuuuup!

Difficulty in Sept 35-50 B  ??