Topic: Swedish ASIC miner company kncminer.com - page 415. (Read 3050076 times)

So still need awaiting for August 25, hope every thing went well! 

with all that hash hitting the fan..what is the % people are using in calcs for difficulty increases..or heck do you 'just wing it?"

Come on, this is great news.

"The tape-out report strengthens our outlook that we'll be able to deliver the first rounds of Titans well within the promised timeframe for pre-order customers (Q3, 2014)."

Well within == weeks before the end of Q3, or maybe August !?!

In 5 years the Titan chip will be worth .50 cents and a current Intel g3220 will be worth still $5-10

What a moronic comparison.

News again.

Titan Tape-Out Achieved
https://www.kncminer.com/news/news-93

Oh this is going to get deleted, I just know it, lol. Peercoin is the only POW/POS I currently know of, at least of the POS coins still in POW stage. Curious, you "don't alt" but you have your eyes on other SHA coins? Do you mean you don't currently mine alt coins but are interested? Btw, NXT is really high right now. Might be a good time to sell some. I did. 

a hint to what? the discussion was centring around changing the algorithm - which I presumed meant making Bitcoin Scrypt/X11/shitcoin algo.
please read the entire comment next time, prior to retorting. thanks.

ps. I had some NXT when it was a simple web wallet. nothing special there.
pps. OK blockchain has my NXT - and it's now showing in my wallet.
ppps. i don't alt.

A little hint: look at 3rd place on coinmarketcap.com, it's a POS coin... 

I agree with this. I also read somewhere of some debate about implementing PoS into Bitcoin; which in my view would most likely be a disaster. Further up there is the note that there are lots of other Scrypt coins which can be mined and as a result, big Scrypt rigs will be worth having(?) I disagree; if you are lucky enough to get one of the first batch of the beastly 40DD Titties - you may see some level of investment returned, but there are also lots of other SHA256 coins which can be mined with our existing SHA256 ASICs - and there are a lot of folks who have already switched from BTC to Alts in that sense, but it's not in the volume which will see any kind of decrease in the Bitcoin network hashrate anytime soon. Changing the algo, while in principle sounds like a masterplan, would simply negate all the investment made by all of us - what would happen? We'd all switch to another coin - which would be the most profitable coin we can all find, collectively. And thus, the coin we switched to, may end up overtaking Bitcoin. But this is indeed all conjecture at this point. Well we know; none of this is ever going to happen. I do, however have my eyes on the coin I will mine with my ASICs when Bitcoin finally becomes too tough for a little guy like me to crack - and it is, a PoW/PoS coin.

It's too late for that.

If the BTC devlopment team changed the algorithm that would change the game alot.

True,BUT,BTC will be controlled by the mining corps very soon,not sure how that will playout  

At least with altcoins you have quite a few to switch around to,with BTC nothing we can do but give up mining,at home at least............. very sad days coming  

I'd rather compete with fellow miners than the corps 

Best of luck !!!!!!!!!!!!  

asic scrypt miners will basically kill the scrypt market. Don't see the point in wasting money on these. It would be different if there was really only 1 coin to mine for as in BTC, besides scrypt coins are dying off to x11 and x13 coins..... you guys will be all alone competing against others with titans etc., so your right back where you started only 9,000 in debt. Might as well have stuck with GPUS.   They will make a nice  conversation piece though lol

I foresee the future. Neptune's will eventually come out and all those who waited will plug them in and own the future.

So at every level at check there is this standard deviation.  Without an absolute standard there is never a true value.

Im only saying there is alot of hooligans going on in the background, in Addition to the "rising hashrate" and "rising level of difficulty".

Some people here seem to be reading too much into the network hash rate rising or falling by a couple of petahash over a short time. It is unlikely to be just people adding or removing miners.  It is much more likely to be statistical error caused by how the network hash rate is calculated.  

You can assume a 5% error in the displayed network hash rates.  For example a site may display a network hash rate of say 101.2345 petahash but in reality the network hash rate is likely to be anywhere between 96 and 106 petahash.  

In summary the network hash rate is only a statistical average with considerable error - assume a 5% error.

In the short term any KNC changes are likely to be swamped by the statistical noise in the network hash rate data.  It is the statistic noise that makes the network hash rate changes appear so random.
 
The Mathematical Details

I don't claim to be a mathematician but the following is based on my understanding.  The displayed network hash rates are based on the time taken to solve the last X blocks.  The average time to solve a block will be taken as 600 seconds with a standard deviation also of 600 seconds.  This assumes the block solve times following a poisson distribution.

The standard deviation falls as the square root of the number of samples.

Over 504 blocks the standard deviation on the average block solve time would be 600 / sqrt(504) or 26 seconds.  The standard deviation error in network hash rate is thus 26/600 or 4.5%.

Similarly for 24 hours the standard deviation in the network has rate would be 600/sqrt(24*6) or 50 seconds giving about an 8% error.

Addresses and wallets can be created at will, so anything publicly known means there is probably alot more other stuff we "dont" know about.  Just like mining in the "dark pool".

I forsee the future. Neptune's will eventually come out and all those who waited out will plug them in and keep blowing fuses.

Thanks for the info on what looks to be a KnC mining address.

Not sure what you mean by "double spends" though.