Topic: Swedish ASIC miner company kncminer.com - page 396. (Read 3050076 times)

although your humour is not fading; those photoshop skills are becoming worse mate!

They will ship towards the end of the month. I'm expecting them to have chips in hand around the middle of the month.

Two weeks to July and no Neptune news. You are shilling for such a great company...

That strategy worked pretty good for me with GPUs, not so much ASICs.

Well Searing, in your occasionally endearing homely way you have hit the nail squarely on the head. The usually unspoken but tacit assumption underlying the rationale for mining for profit is the HOPE that BTC will succeed on a grand scale and be valued ORDERS OF MAGNITUDE higher than it is now.

Of course, if you buy into this rationale, you join all the other gamblers, treasure hunters, pyramid and ponzi scheme perps and participants around the world who share one hope and one personality characteristic … the hope that one day their ordinary life will be alchemically transformed through the power of gambling into one of riches and abundance and that ALMOST ANY RISK at ANY PRICE is worth taking to make it happen, irrespective of the potential loss, which is always small because these sorts of people have mostly already lost much of what they had because their strategy has VERY LOW ODDS of succeeding.

Shovel and miner gear merchants love these people and go out of their way to try to minimize or hide the risk involved. They would rather talk about how their shovel is just a little bit lighter or doesn't rust so quickly or can be had today instead of tomorrow.

Far better to look at the best case AND worst case scenarios and then decide rationally how much risk you are willing to take.

And remember, you can always tell the missus : "Honey, KNC MADE ME DO IT"

~L)L~

I was getting .07/kW but my opportunistic south Texas utility ups it to .13/kW for summer. I agree with timmothy and see a 10G or more mining expense would certainly justify adding a few circuits to a home. A 1G investment in power would be the smart move to make.

they taped out on the sp30 around a month ago i think? something like that

it is what it is..but yeah been better off on Neptune (refund) and sp30 (not buy) and just get coin when it was 450 a coin...alas
hindsight is 20/20..

it is likely that if you did the sp30 and Neptune will roi (barely)....but likely last 'real' (i mean mega K $$$) I will spend on miners in 2014..in 2015 the madness will stop due to fear and lack of $$$
coindesk I think it was talking about megabigpower the big miner PH farm ..he says last year it was 2-3million to get up this year 20-30 million up front year after that will be 200 300 million and at some point big boys like IBM etc will get in...too small now btc is

anyway i'm paraphrasing do a Google on this..but alas my miner days are gonna come to and end..likely by 'barely' making ROI
well we who run around the park (buy miners) vs those who sit on a bench and use a bicycle message service to cut accross the park as we nap on a bench ..it all gets to the same place..more or less the same price...the main thing is you got BTC in some manner now
rather then 3 yrs from now...

of course we have all drunk the kool-aid....we could find someone as 'stupid' running ghash.io as the guy running gox and flush the works..but if that don't happen HOW we got the BTC will be a lot less important in the future then WHEN we got the BTC imho

Searing

Original price on the April Farmers deal ( 3 x SP30 ) was $20,995.
Today's price on 1 x SP30 ~ $5K

You are correct - the April deal was for August delivery … gosh that seems like a long way away from today. Is that Aug 1 or Aug 31 ?

Do they have wafers yet ? If KNC already has wafers and Spondoolies doesn't, who do you think is going to ship first ?


Yeah hindsight is great … we should have all bought BTC back in April when it was at $350. I sure hope those folks who pre-ordered in April and paid in BTC get their BTC back ...

April sale was for August I think and had free shipping and was about 1000 bucks below the price for the current sp30 units on sale now
in september...this
was the first group buy i gather by spondoolies and they were shooting imho for market share..now that they have it that deal is gone
I think this group order was end of april till may 15th?

all I got...still better to buy btc then equip but these guys on this group buy should ROI OK...Now if KNC ships in july a Neptune at 10,131.80 with shipping ..well they may ROI too..but again buying btc if you HAD that option now would be a better choice but hindsight is 20/20

Searing

No problems there for Avenger... His real name is Neo, and he can bend spoons with his mind. 

With all the KNC day of reckoning LOL from Avenger, Aren't the first SP30 machines (April sale) supposed to ship in July ?
I wonder if SP30 is shipping July 1 or July 31 ? Do SDT have chips yet ?

~ Two weeks now to July …


~L)L~

Any source please?

Day of Reckining 2: Neptune edition

http://www.burbankwaterandpower.com/electric/commercial-and-industrial-electric-rates


Extra for customer service charge, Distribution charge, Reliability charge,  its crazy.

There is less than 9 states out of 52 that have costs under .10 before the extra charges of .04 to .05, in reality the lowest would be Washington State around .12 to ,13 cents total when the bill comes.

Look at this bill for Industrial its .05 cents for the electricy  BUT:

http://www.sceg.com/NR/rdonlyres/8EC63040-9B5D-4D32-90BA-360835AE8B24/0/rate23.pdf

Meh that's a bit misleading.

Regardless, those stats are just averages and there are people with residential costs below $0.1/kwh and even more people who have access to commercial/industrial rates lower than $0.1/kwh.

not sure if this applies to you guys calculations.but according to my power co in upper midwest..they say my kwh rate is .086c
when you figure taxes and other stuff on the bill the real price per kwh is .15c

so look at your sources and figure accordingly

Searing

These are average rates taken by the US governent for census purposes.  But they are not totally accurate as they include the wholesale cost and another expense, but they do not include the use of delivery line and another charge which is about another .04 to .05 that is not refllected in that chart.  So delivered cost is about .04-.05 higher. When the consumer get the bill.

That's what I was looking at. Are those not the actual rates per kwh?

I don't think he is a rare exception. Anyone willing to throw down $10k+ on hardware should have no problem upgrading their home circuit.


No. You are limited by your power circuit. Everyone has X W spare for mining. Filling it with SP30 would mean that for every W that they have free they can accommodate 2Gh/s while filling it with rockminers means that they can accommodate only 0.9GH/s. The obvious pick is obvious.