Topic: Swedish ASIC miner company kncminer.com - page 565. (Read 3050075 times)

Bitcoin finished? Bitcoin will never die but these Alt-coins will because they haven't taken the baby steps that Bitcoin has taken, they are more or less the "get rich quick" crypto currencies with a short life span. Fortunately for me my Neptune will be contributing to increasing the difficulty levels of some of this alt-coins which I will turn in Bitcoin's!

Since you will be converting LTC to BTC, clearly, a scenario where LTC/BTC ratio will dramatically decrease is more plausible.
Mining with expensive rigs looks less and less attractive as a hobby.
I can play with my ants, contribute a few coins for the benefit of mankind, pay a small tax fee, etc.

doggone, didnt even knnow i had a draft saved before the post.. uuugggh.
but...yeah...could be same too. This is more so, and wildly drastically different.
That only works if Titan owners mine and hold

*If 90% of the altcoin mkt was mining to trade immediately for btc....

Bitcoin will be finished when ASICs arrive.... Think about it.

Altcoins could be worth dirt after Titan arrives....  or they could skyrocket....  Think about it.

Scenario 1..
Every GPU will be rendered obsolete for mining overnight.
Those who had GPU's sell off.... and nobody want to buy alts anymore,
driving the price into the dirt.


Scenario  2...
Titan owners hold coin for much longer than GPU owners causing a shortage
which drives the price of alts higher through simple supply and demand.

The facts:  Either scenario will be controlled by Titan owners, so if you
decide to use the roaming altcoin pool that cashes you out to btc automatically with a Titan;
you will be responsible for the big drop in price. killing your own profits.
The only that Titan will ROI the wat you hope... is if most Titan owners mine & hold.

Is this re Neptune or Titan? I hope, Neptune.

The miners are expected to ship within Q2.
We have finished designing the chips and now expecting for them to arrive.
We should have more specific information and updates once the chips arrive.
Please do not hesitate in contacting us if you have further questions.


Best regards  |
Med vänlig hälsning

Anna Jagdhar

Kncminer

I get my equipment from reselling, never paid for a unit in my life, it's all profit after electricity so the ratio doesn't mean much to me, just more BTC in my wallet.

Why would LTC see a boom when everyone who mines LTC will be dumping LTC for BTC? The LTC/BTC ratio could go back to 0.02 or even below.

i guess its time for refund? iam scratching my head..

What?  No magical rainbow unicorn included?  That's the least they can include with their made-up 650 Mh my a__ miner.  So Alpha-T had gone from having a top-of-line scrypt miner capable of only 25Mh to 95Mh and is now capable of designing a 650 Mh in a matter of 10 days?  Really what do you expect them to say?  We can't compete and everybody will just ask for a refund and they die without being able to pay for taping out.  Come-on now KnC, you can for sure make the Titan 1TH with all the cash from your bitcoin money machines!

This is why I suggested ages ago that the Bitcoin protocol should have included a punishment to discourage centralization.

Once the people lose the monetary printing press to an elite few, Bitcoin becomes no different from fiat, and you lose the community.

If you want to teach them a lesson mine MaxCoin on a GPU instead.

Preaching to the wrong guy here mate, I'm right beside you. Preparing for a lot of Neptunes, the only reason I'm going to add the Titan to my arsenal is to take advantage of any boom that LTC might see and trade those for BTC.

I was more suggesting that LTC hardware companies are now really competing against each other. Personally LTC is not for me.

No no no, no arms race,
Litecoin is just a fad, as are all Alt Coins.

Bitcoin is where it is at. Focus on that and just ignore the other coins, they are just Bitcoin Wannabes.

I mean what could you do with a measly 650Mh? We bitcoiners are doing TERAHASH stuff.

RIGHT?!?!

The Litecoin arms race begins 

Except in 50 minutes Alpha Tech will start taking orders on their 650Mh unit:

We say this as we anticipate by the time competition’s product is released our next batch will be due shortly ensuring we can again stay one step ahead. At this point we would like to guarantee a minimum of 650 Mh/s for our second batch, this figure is just a preliminary minimum and it is more likely than not to be higher.


You guys stick with Bitcoin.

The problem is that we need USD to cover lots of things and many miners can't wait until the end of 2014.
The future is bright but tomorrow is dark.

Hi, what kind of response did you get: 3-10 business days or "as soon as possible"?
What as soon as possible even means?

http://www.youtube.com/watch?v=a1Y73sPHKxw

The new Titan spec is crazy.  250 MH/s for $10k running on a 1000 watt power supply.   The entire LTC network is around 650 Titans (Current = 162,995 MH/s).     This is really going to send shock waves through the smaller coins.    I'm still holding 1 Neptune order and do not have a titan order as the original spec of 100 MH/s was not worth it to me.  While the new spec is tempting,  I decided to just buy 1000 more LTC and HODL!   Will be very interesting how this turns out,   will the new scrypt asic's push all supported alt coins to a higher level or wipe many of them out?   Some warned about this since building a scrypt asic cost much more than building a sha256 asic that the centralization will be much worse on the LTC side.   Right now that is looking true with Alpha and KNC holding the network in their hands if they can produce the machines at or above the current released specs.  Remember Avalon holding double the hash rate in a small batch of chips...    this isn't far off for all scrypt coins but is there a different feeling in the air?   Has greed taken over?   I can't say since I really don't know the guys at either company but I would hope not.   None of us know if they really are working their asses off to push virtual currencies to the masses or building their own fortunes in fiat.   

Wish everyone well in 2014 and remember to not panic.   Today we are at $500 BTC / $14 LTC and the future is looking bright.