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Topic: Swedish ASIC miner company kncminer.com - page 578. (Read 3050074 times)

hero member
Activity: 854
Merit: 500
If they would sell that Boden hashpower at a decent rate, or fulfill orders with it...it would create a huge diff increase offset, and be a huge benefit to Neptune holders and the community as a whole, because it's already a part of the cloud, and would cause zero diff increase, yet at the same time offer a great deal. They do have the ability to turn it into a HUGE customer advantage in this way. I hope they "Do the right thing"
That would be HUGE imho, and may even happen.

SO you are KNC you have hashpower, it creates $x an hour, your customers can do math and will not buy it for more than $x an hour,
show me a business model where it makes more sense to sell it for $x minus a little to make it profitable for your customers vs. just keeping it all your self and making raw profit?

The KNCcloud is just there to appease you when Neptune comes in late, then they will go back to using it for their own profit, why are you expecting anything customer centric when their focus has clearly changed from that lonnnnng ago?
full member
Activity: 183
Merit: 100
yay......a KNC scrypt miner delivering in 2014 at some stage....lend us $10k now though!!!lololololol

J
legendary
Activity: 2408
Merit: 1004
i do not think so

if airdrop will be success

auroracoin will be going very well
legendary
Activity: 938
Merit: 1000
LIR DEV
Auroracoin "airdrop" in about 13 hours too... I expect most Icelanders will be trading for btc, and cashing out.
sr. member
Activity: 462
Merit: 250
one thing to remember is that the AML rules are firmly in place everywhere to where coinbase, etc had to enact $1000 daily instant caps instead of 10 btc (which was over $10000 during the heyday) of instant daily buying support

losing 90% of instant support reduces the amount of players to protect drops...  sure you can still buy 50 if you care to wait 4 days in freeze mode while the price does whatever.. 

that is just one of the many examples..  okpay,etc getting forced out of the USD $$ markets...  many many inflows were crimped while more and more ways to spend btc opened up with tiger direct, overstock, and so many others..

there isn't real price discovery at the moment...  hardly has been, but was closer to that last fall into the runup for sure

sr. member
Activity: 434
Merit: 250
early on in the asic game, it was BTC ONLY as form of payment....no btc meant you had to go out and buy some to get the hardware...price goes up??


good point. I had viewed the big rally up ($1200) to be partly due to the fact that our BTC was something that we were holding onto. markets also react to no-sell in this way. many holders makes the value.
sr. member
Activity: 336
Merit: 250
i've been saying for long enough, as soon as these farms start to sell coins, the price is going to slowly drop. nomatter how tactical or how much a spread they try to make on the sell orders, regular volume on exchanges will make exchanges devalue the commodity. KnC and others like them are only making a rod for their own backs (and kicking us in the teeth in the process) - but you can guarantee that once they have mined BTC to double digit$, they will try and sell off all those used blades.

New coins make up a tiny

regular

percentage of trades.  Besides, the number of bitcoins minted doesn't increase just because someone has a lot of hashing power. 

but sell orders do when organisations have more than the lions share

That's why there are difficulty adjustments.  Wink

which has nothing to do with how an org sells it's stock.
.

Way to cherry-pick my quote.  You misrepresented or didn't understand my comment about difficulty changes.  I simply meant to point out that the number of bitcoins minted doesn't increase just because some organization has a lot if hashing power.

Each block still takes approximately 10 minutes.  A big organization will take more of the blocks.  But I don't see how this is going to significantly drive the price of BTC down.  There are many other things that can do that much more easily like the failure of the premier BTC exchange.  I actually think that a major decrease in people investing in new hardware bought with BTC is likely to have a significant effect on BTC demand therefore driving down the exchange rate.

I don't understand what your "regular" comment is supposed to mean.
early on in the asic game, it was BTC ONLY as form of payment....no btc meant you had to go out and buy some to get the hardware...price goes up??

with vendors now all taking wire transfer, paypal, credit cards and btc, then we have the likes of BITMAIN looking to dump btc is 1000 minimum quantities does not help price
sr. member
Activity: 434
Merit: 250

Way to cherry-pick my quote.  You misrepresented or didn't understand my comment about difficulty changes.  I simply meant to point out that the number of bitcoins minted doesn't increase just because some organization has a lot if hashing power.

Each block still takes approximately 10 minutes.  A big organization will take more of the blocks.  But I don't see how this is going to significantly drive the price of BTC down.  There are many other things that can do that much more easily like the failure of the premier BTC exchange.  I actually think that a major decrease in people investing in new hardware bought with BTC is likely to have a significant effect on BTC demand therefore driving down the exchange rate.

I don't understand what your "regular" comment is supposed to mean.

I don't think gox has anything to do with the current price trend. What we are seeing is farms making 'regular' sell orders - nomatter how small; exchanges pick up on patterns and react accordingly, it is my firm belief that the recent (and ongoing) price drop is mainly to do with patterns in the sell orders, caused (in part - not solely) by mining farms btc to fiat cashouts. You don't think this is inevitable?
anyhoo, going off topic really, KnC are just one of many farms, and I very much doubt they are mining this volume of btc to hold onto. Unless you have other information?
hero member
Activity: 784
Merit: 1004
Glow Stick Dance!
i've been saying for long enough, as soon as these farms start to sell coins, the price is going to slowly drop. nomatter how tactical or how much a spread they try to make on the sell orders, regular volume on exchanges will make exchanges devalue the commodity. KnC and others like them are only making a rod for their own backs (and kicking us in the teeth in the process) - but you can guarantee that once they have mined BTC to double digit$, they will try and sell off all those used blades.

New coins make up a tiny

regular

percentage of trades.  Besides, the number of bitcoins minted doesn't increase just because someone has a lot of hashing power. 

but sell orders do when organisations have more than the lions share

That's why there are difficulty adjustments.  Wink

which has nothing to do with how an org sells it's stock.
.

Way to cherry-pick my quote.  You misrepresented or didn't understand my comment about difficulty changes.  I simply meant to point out that the number of bitcoins minted doesn't increase just because some organization has a lot if hashing power.

Each block still takes approximately 10 minutes.  A big organization will take more of the blocks.  But I don't see how this is going to significantly drive the price of BTC down.  There are many other things that can do that much more easily like the failure of the premier BTC exchange.  I actually think that a major decrease in people investing in new hardware bought with BTC is likely to have a significant effect on BTC demand therefore driving down the exchange rate.

I don't understand what your "regular" comment is supposed to mean.
sr. member
Activity: 434
Merit: 250
i've been saying for long enough, as soon as these farms start to sell coins, the price is going to slowly drop. nomatter how tactical or how much a spread they try to make on the sell orders, regular volume on exchanges will make exchanges devalue the commodity. KnC and others like them are only making a rod for their own backs (and kicking us in the teeth in the process) - but you can guarantee that once they have mined BTC to double digit$, they will try and sell off all those used blades.

New coins make up a tiny

regular

percentage of trades.  Besides, the number of bitcoins minted doesn't increase just because someone has a lot of hashing power. 

but sell orders do when organisations have more than the lions share

That's why there are difficulty adjustments.  Wink

which has nothing to do with how an org sells it's stock.
legendary
Activity: 1512
Merit: 1000

[...]
 Developers, instead of focusing on easing adoption, either doing endless patches or focus on some theoretically interesting, but esoteric stuff like contracts, colored coins, etc. If a contract can be described as a function of a single satoshi, how this can help the value of BTC? It wouldn't.

Are you just here for the money?  Bitcoin is more than just lining the pockets of speculators and miners.  There are many amazing useful layers that can be built on the Bitcoin protocol and it is, IMO, quite short-sighted to discredit them.

hero member
Activity: 784
Merit: 1004
Glow Stick Dance!
i've been saying for long enough, as soon as these farms start to sell coins, the price is going to slowly drop. nomatter how tactical or how much a spread they try to make on the sell orders, regular volume on exchanges will make exchanges devalue the commodity. KnC and others like them are only making a rod for their own backs (and kicking us in the teeth in the process) - but you can guarantee that once they have mined BTC to double digit$, they will try and sell off all those used blades.

New coins make up a tiny percentage of trades.  Besides, the total number of bitcoins minted doesn't increase just because someone has a lot of hashing power.  That's why there are difficulty adjustments.  Wink
sr. member
Activity: 434
Merit: 250
i've been saying for long enough, as soon as these farms start to sell coins, the price is going to slowly drop. nomatter how tactical or how much a spread they try to make on the sell orders, regular volume on exchanges will make exchanges devalue the commodity. KnC and others like them are only making a rod for their own backs (and kicking us in the teeth in the process) - but you can guarantee that once they have mined BTC to double digit$, they will try and sell off all those used blades.
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
If they would sell that Boden hashpower at a decent rate, or fulfill orders with it...it would create a huge diff increase offset, and be a huge benefit to Neptune holders and the community as a whole, because it's already a part of the cloud, and would cause zero diff increase, yet at the same time offer a great deal. They do have the ability to turn it into a HUGE customer advantage in this way. I hope they "Do the right thing"
That would be HUGE imho, and may even happen.
Your hope is misguided based on the fact you were one of the lucky early ones to get hardware that ended up being profitable. They are not here to help their customers or bitcoin at large. The same thing happened to the first Avalon buyers/miners. There is a small window for a handful of people to make money off the first scrypt miners that knc produces, but every other customer will make a loss from here on in.
legendary
Activity: 2968
Merit: 1198
Spoondoodles or whatever their name is has said they don't plan to mine, other than 24 hours of burn in testing which they donate to charity.

Any manufacturer that mines has an inherent conflict of interest with its customers especially when it can delay shipment (and keep mining for itself) without any real consequences.



Let's face facts here.  Conflict or not, every manufacturer mines with their own equipment.  This is no secret.  I'm pretty sure even BitMain has a farm of some sort.

I don't think they've denied it. In fact I think they've been open about it. "Spoondoodles" denies it.

hero member
Activity: 784
Merit: 1004
Glow Stick Dance!
Spoondoodles or whatever their name is has said they don't plan to mine, other than 24 hours of burn in testing which they donate to charity.

Any manufacturer that mines has an inherent conflict of interest with its customers especially when it can delay shipment (and keep mining for itself) without any real consequences.



Let's face facts here.  Conflict or not, every manufacturer mines with their own equipment.  This is no secret.  I'm pretty sure even BitMain has a farm of some sort.
legendary
Activity: 2968
Merit: 1198
Spoondoodles or whatever their name is has said they don't plan to mine, other than 24 hours of burn in testing which they donate to charity.

Any manufacturer that mines has an inherent conflict of interest with its customers especially when it can delay shipment (and keep mining for itself) without any real consequences.

legendary
Activity: 3990
Merit: 4597
I thought about posting this on their own forum, but figured it'd be pointless. There's just to much "belief" in there that they're going to do well with their orders that contrary opinions would be stomped down as heretical. If BTC is going to really make it then the price needs to bottom out and stabilize. DPoS is right there. Shake out the greed and this system will have a chance of success.

Since I've got some BTC apart from mining, I cannot wish this, but i believe that at $300/BTC most of the hardware business is dead and at $100 and below, more than 80% of mining is dead, including the datorhall.

Here lies the paradox: majority of people learned about bitcoin at or above current prices, so their experience is probably decidedly negative: constant barrage of bad news, hacking, bankruptcies, stealing, price going down since november, etc., etc. Developers, instead of focusing on easing adoption, either doing endless patches or focus on some theoretically interesting, but esoteric stuff like contracts, colored coins, etc. If a contract can be described as a function of a single satoshi, how this can help the value of BTC? It wouldn't.
hero member
Activity: 744
Merit: 514
gotta let a coin be a coin
I thought about posting this on their own forum, but figured it'd be pointless. There's just to much "belief" in there that they're going to do well with their orders that contrary opinions would be stomped down as heretical. If BTC is going to really make it then the price needs to bottom out and stabilize. DPoS is right there. Shake out the greed and this system will have a chance of success.
legendary
Activity: 3990
Merit: 4597
If they would sell that Boden hashpower at a decent rate, or fulfill orders with it...it would create a huge diff increase offset, and be a huge benefit to Neptune holders and the community as a whole, because it's already a part of the cloud, and would cause zero diff increase, yet at the same time offer a great deal. They do have the ability to turn it into a HUGE customer advantage in this way. I hope they "Do the right thing"

Hope springs eternal…
I guess, it is possible just like an alternative universe is possible, but…beyond our reach.
In reality, it would just mean that three-four other companies will go for the same shtick: Cointerra/cloudhashing, Bitmain, (spondooliesis?), etc., etc., pushing diff up beyond reach and with price going steadily down we all might be f-ed pretty royally.
Getting something that was not specified is just wishful thinking at this point.
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