think of chicken farmers as an example..
For sure there was a point in time where profit decreased and most of them were hoping for better prices, but all what happened was that very few investors build huge mega farms (in our case datorhalls) growing larger and larger producing for a tiny profit per chicken. And due to the masses they make a good profit at the end.
Average farmer Joe can compete and even could buy those chickens cheaper from the mega-farms than his own price costs would be.
For BTC it's even worse, because as small miner you can't just produce a coin of 'better quality' and charge more for it to survive, like a farmer could sell organic chickens..
Topic: Swedish ASIC miner company kncminer.com - page 443. (Read 3050075 times)
Mining for manufacturer miners to ROI in 2015. promise, delay, delay some more, and just screw yet customers in the end. For us, unless we see some incredible advances on power consumption to hashing power then I just don't see an ROI. We're at the edge right now on that and pretty soon hobbyist mining for btc will no longer make any sense. I just don't see myself mining anymore at the end of the year unless something changes.
So what has to happen for mining to remain profitable in 2015 ?
It cannot be sustained,
Only the rise in BTC price can help slow down the madness that the Asic has brought to the marketplace.
I stopped mining and sold 1.8TH equipment last month and bought a few btc just to sit on it.
So what has to happen for mining to remain profitable in 2015 ?
Its a statistical fact that the difficulty now is 800x higher than it was last May.
Also a statistical fact that the smallest diff jump was 8.6% and highest was 46% during the year. The mean average range is between (11-23%)
Please answer these questions for me:
1) What will the price of BTC be on Jan. 1, 2015 ?
2) What will the difficulty be on Jan. 1 2015 ?
1. I dont know.
2. Im sure diff in Jan 1 2015 will be ALOT higher than it is now, which we already have a problem of roi and hardware.
The point being. Pre-orders of Neptune was not a good idea.
Its a statistical fact that the difficulty now is 800x higher than it was last May.
Also a statistical fact that the smallest diff jump was 8.6% and highest was 46% during the year. The mean average range is between (11-23%)
Please answer these questions for me:
1) What will the price of BTC be on Jan. 1, 2015 ?
2) What will the difficulty be on Jan. 1 2015 ?
I am always amazed by the number of people who feel that they can predict the future 2 or 3 months from now but can not win a game of rock, paper and scissors.
~L)L~
~L)L~
So you must think the difficulty is going to decline then... Or just stay stagnant?
Oh, and...
ROCK
I am always amazed by the number of people who feel that they can predict the future 2 or 3 months from now but can not win a game of rock, paper and scissors.
~L)L~
~L)L~
Its a statistical fact that the difficulty now is 800x higher than it was last May.
Also a statistical fact that the smallest diff jump was 8.6% and highest was 46% during the year. The mean average being 23%
There is no long term in btc mining land. Usefullness of products are now 90 days or less. We are less than 60 days away from when manufacturers cant even make machines that are profitable to use minus electricity, mining will be a hobby by then.
^^ This ^^
I'm continually stunned when I read things like this (paraphrased for emphasis)... "Oh but KNC are the best! I may have to wait 3 more months for the same amount of THs at a higher price. But my machine will run for 10 years."
And when that machine does finally arrive, it won't even pay for the electricity it uses after the previous 8 or 9 difficulty jumps.
Well at least by then the weather will have started to cool down and you can use your Neptunes as supplemental heat while I struggle to keep my house below 85f during the summer months.
When people get their FREE Neptune in Sept and diff is 30 B it will ROI $500
$500 is nice.
I am always amazed by the number of people who feel that they can predict the future 2 or 3 months from now but can not win a game of rock, paper and scissors.
~L)L~
~L)L~
There is no long term in btc mining land. Usefullness of products are now 90 days or less. We are less than 60 days away from when manufacturers cant even make machines that are profitable to use minus electricity, mining will be a hobby by then.
^^ This ^^
I'm continually stunned when I read things like this (paraphrased for emphasis)... "Oh but KNC are the best! I may have to wait 3 more months for the same amount of THs at a higher price. But my machine will run for 10 years."
And when that machine does finally arrive, it won't even pay for the electricity it uses after the previous 8 or 9 difficulty jumps.
Well at least by then the weather will have started to cool down and you can use your Neptunes as supplemental heat while I struggle to keep my house below 85f during the summer months.
When people get their FREE Neptune in Sept and diff is 30 B it will ROI $500
There is no long term in btc mining land. Usefullness of products are now 90 days or less. We are less than 60 days away from when manufacturers cant even make machines that are profitable to use minus electricity, mining will be a hobby by then.
^^ This ^^
I'm continually stunned when I read things like this (paraphrased for emphasis)... "Oh but KNC are the best! I may have to wait 3 more months for the same amount of THs at a higher price. But my machine will run for 10 years."
And when that machine does finally arrive, it won't even pay for the electricity it uses after the previous 8 or 9 difficulty jumps.
Well at least by then the weather will have started to cool down and you can use your Neptunes as supplemental heat while I struggle to keep my house below 85f during the summer months.
The organization should propose a changing algorithm to make it more even for the small people again.
BTC isnt doomed.
The mining landscape will change.
BTC will still be generated, traded......
The mining landscape will change.
BTC will still be generated, traded......
So you are proposing forking bitcoin to a PoS ? LOL
BTC isnt doomed. Its still on schedule to dool out 21 million coins.
The mining landscape will change because of difficulty adjustment.
BTC will still be generated, traded......
The mining landscape will change because of difficulty adjustment.
BTC will still be generated, traded......
There is no long term in btc mining land. Usefullness of products are now 90 days or less. We are less than 60 days away from when manufacturers cant even make machines that are profitable to use minus electricity, mining will be a hobby by then.
If that is true, then bitcoin is doomed. No miners, no network, no bitcoin.
I don't believe bitcoin is doomed. Obviously, neither does KNC.
There is no long term in btc mining land. Usefullness of products are now 90 days or less. We are less than 60 days away from when manufacturers cant even make machines that are profitable to use minus electricity, mining will be a hobby by then.
Thanks for the information.
So, the advantage of the KNC vs the SP chip design is that it needs less space , only?
So, the advantage of the KNC vs the SP chip design is that it needs less space , only?
I think each manufacturer in the bitcoin and litecoin mining space has a different philosophy with respect to how they position their products.
Some are focused entirely on shipping a cost competitive product as soon as possible at the expense of useful product life, whereas others are planning for the longer term and the end game.
Long live the differences.
For information on the benefits of VLSI SOC implementations, google is your friend tzortz.
therefore involves very little new design.
Which is the way it should be! That's proper engineering. Only total idiots throw away what works and do a total redesign. It's obvious KNC only ever did 20nm to justify the ridiculus Neptune price tag. They could have shipped 3TH Frankenjups in January and made all their customers very very happy. If the power draw was a bit heavy, well, that would be okay for most people if they could have split the rig up and had it 5 months ago. Now the electricity costs are going to be a big factor from day 1 with Neptune.
But KNC's whole business model is built on lying to customers and exploiting their money, so they don't care about any of that stuff. They don't give a shit if customers lose big time, as long as they do the bare minimum to meet their obligations.
While that datacentre is spitting out a decent amount of coins, they are not going to shoot themselves in the foot and ship Neptune
No, it's indeed 9 month, all nex gen product on going before current gen shiped, thing going on before they announce preorder~
WTF?Neptunes went on sale November 26th.
November 26th to today= 6 months, and 2-1/2 weeks.
and
June delivery will mean a total of 7 to 7-1/2 months.
Jupiter was also done in about 6 months, start to finish, concept to delivery.
I don't know where you get your info, but you sure can't count, or simply are not educated on what has transpired with KNC.
You should read the thread or at least the KNC news timeline before you blurt too much more nonsense and look like a fool.
There will always be those who: Skip to the end of the novel and make assumptions based on the current drama.
Just sayin'
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