Swedish ASIC miner company kncminer.com - page 442.

elasticband

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Quote from: RoadStress on May 19, 2014, 05:39:17 PM

Quote from: elasticband on May 19, 2014, 04:55:03 PM

....
to all you sp30 pre order people, past performance is no reflection of future performance.

Lesson learned from the KnC experience and applied towards my SP30 pre-order!

its nice to see someone with a sp10 advert in their sig say that!

its interesting to see SP come out with semi instock sp10 units and definitely have enough chips paid and bought to build these machines, but with sp30 it buy now receive later.

surely they can fund the project like the did the first whats the catch? why take pre order s now based on quick past performance

RoadStress

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Quote from: elasticband on May 19, 2014, 04:55:03 PM

....
to all you sp30 pre order people, past performance is no reflection of future performance.

Lesson learned from the KnC experience and applied towards my SP30 pre-order!

elasticband

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knc took funding for a 20nm project.

they figured out it was more beneficial to mine now with 28nm rather than later with 20nm.

they took the funding, delayed the project, built a massive hashing center, at max over 11% of found blocks one difficulty change.

they delayed the project enough.that most 20nm customers would refund as the cost was just not effective anymore, apart from for KnC, who the chip cost a fraction of the price.

they mined enough with the 28nm data center to pay all customers a refund who asked and keep their mining center alive.

the remainder of 28nm will be offloaded to make way for the large portion of 20nm they have bought back from customers.

to all you sp30 pre order people, past performance is no reflection of future performance.

s1gs3gv

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ex uno plures

I would use it to improve my luck but not enough to attract attention. It would act as a TH multiplier.

Tehfiend

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Quote from: xstr8guy on May 19, 2014, 04:35:48 PM

Quote from: s1gs3gv on May 19, 2014, 03:34:36 PM

One good SHA-256 exploit and the world is mine !

"One good SHA-256 exploit" would kill bitcoin and make it worthless. So I'm not sure what you're crowing about.

Not if used properly. If I found an exploit I would simply use it to "steal" the millions of untouched block-rewards that are collecting dust in the early blocks and are most likely lost. Sure it would raise some eyebrows but it should be easy to sell them long before anybody realized SHA-256 was exploited causing the markets to crash.

xstr8guy

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Glow Stick Dance!

Quote from: s1gs3gv on May 19, 2014, 04:39:42 PM

Quote from: xstr8guy on May 19, 2014, 04:35:48 PM

Quote from: s1gs3gv on May 19, 2014, 03:34:36 PM

One good SHA-256 exploit and the world is mine !

"One good SHA-256 exploit" would kill bitcoin and make it worthless. So I'm not sure what you're crowing about.

#1 I am not crowing
#2 It would make it worthless ONLY if it were published

Lighten Up

The exclamation point made it appear to be crowing. Wink

s1gs3gv

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Quote from: xstr8guy on May 19, 2014, 04:35:48 PM

Quote from: s1gs3gv on May 19, 2014, 03:34:36 PM

One good SHA-256 exploit and the world is mine !

"One good SHA-256 exploit" would kill bitcoin and make it worthless. So I'm not sure what you're crowing about.

#1 I am not crowing
#2 It would make it worthless ONLY if it were published

In fact, some view the bitcoin protocol as the product of a sophisticated wager between two cryptologists.
The protocol might have been designed to provide the maximum motivation for the creation of an SHA-256 exploit.
We all are just pawns in that experiment.

Lighten Up

xstr8guy

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Glow Stick Dance!

Quote from: s1gs3gv on May 19, 2014, 03:34:36 PM

One good SHA-256 exploit and the world is mine !

"One good SHA-256 exploit" would kill bitcoin and make it worthless. So I'm not sure what you're crowing about.

Funny how us "oldtimers" are starting to sound just like the people we despised not too long ago, lol. Time is accelerated in this business and nothing makes sense anymore.

Phoenix1969

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LIR DEV

IMHO the Only chance of ROI is in fiat IF the BTC price rises exponentially...
because you will never ROI in BTC the way the difficulty is rising now.
Then, you can add add the new tax laws, pool attacks, wallet viruses, bloated blockchain, exchange closings and hacks, equipment scams, false advertising, bank delays...
It takes a "special breed" of "Glutton for punishment" imho to stay in mining at this point.
I'm happy trading early profits, and holding the coin myself, yet have machines coming still from earlier decisions.
If I had to do it all over again... "turn back the clock"... I would never have mined at all, but bought coin.
I'm guessing this will be amplified in the future.

samsonn25

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Quote from: padrino on May 19, 2014, 03:27:29 PM

Quote from: s1gs3gv on May 19, 2014, 02:59:48 PM

So what has to happen for mining to remain profitable in 2015 ?

Much of the hash power is being consolidated more and more, that trend will continue as the big boys can still make a return when smaller operations can no longer continue.. That doesn't mean the hashrate will flatten or go down, rather continue to climb at 10-20% each diff jump as many of the larger miners continue to invest, time is money at that scale in a way the home miner can't fathom..

Thats another good point. Even the manufacturers have a limit at which they can build, either for themselves or for investors at which it makes more financial sense to buy the btc rather than to build the machines to mine.

Probably now is about $500 per TH? manufactuer cost, minus some r and d

At about 25 Billion diff and if they can build at .5 watt/GH and $.50/GH they are at the limit, unless some magical technology or pricing happens.

s1gs3gv

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One good SHA-256 exploit and the world is mine !

padrino

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https://www.bitworks.io

Quote from: s1gs3gv on May 19, 2014, 02:59:48 PM

So what has to happen for mining to remain profitable in 2015 ?

Much of the hash power is being consolidated more and more, that trend will continue as the big boys can still make a return when smaller operations can no longer continue.. That doesn't mean the hashrate will flatten or go down, rather continue to climb at 10-20% each diff jump as many of the larger miners continue to invest, time is money at that scale in a way the home miner can't fathom..

Phoenix1969

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Quote from: s1gs3gv on May 19, 2014, 03:20:22 PM

You guys have been spoilt by the era of easy money in bitcoin mining and have lost the faith.
Time to turn it over to the next generation !

Hah! No amount of "Faith" is going to get the "Bitcoin Mining Train" to stop, and reverse all the way back to the station for late arrivals... but I love your enthusiasm, and... gladly hand you "the torch". Happy Mining. Wink

samsonn25

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I wouldnt mind going back in time and running my gpu at low power 30-60% to contribute to network and get some small amount of btc. But when the electricity cost alot more to run than the reward it doesnt make sense.

tzortz

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Say that again when quantum appears one day.

daddyfatsax

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Anger is a gift.

Quote from: s1gs3gv on May 19, 2014, 03:20:22 PM

You guys have been spoilt by the era of easy money in bitcoin mining and have lost the faith.
Time to turn it over to the next generation !

It was not that easy. You fucking kids have it all easy now with your fancy asics. In my day we used a CPU or GPU to mine BTC, and we liked it!

s1gs3gv

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You guys have been spoilt by the era of easy money in bitcoin mining and have lost the faith.
Time to turn it over to the next generation !

tzortz

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We have Bitcoin farmer experts also.

s1gs3gv

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Quote from: btc_uzr on May 19, 2014, 03:11:02 PM

think of chicken farmers as an example..

Good to know we have some chicken farming experts here

~L)L~

s1gs3gv

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Quote from: samsonn25 on May 19, 2014, 03:02:54 PM

Quote from: s1gs3gv on May 19, 2014, 02:59:48 PM

So what has to happen for mining to remain profitable in 2015 ?

the rise in BTC price

BINGO

Topic: Swedish ASIC miner company kncminer.com - page 442. (Read 3050075 times)