Topic: Swedish ASIC miner company kncminer.com - page 659. (Read 3050075 times)

You can set a manual diff for each worker on Multipool too...

you can only do it if your pool let you

it's not something you set in cgminer/bfgminer.

If memory serves:

- slush:     you don't have a way to influence the diff settings, this pool use the vardiff algo.
- ghash:    you set the diff from your dashboard (worker section) on ghash site.
- btcguild: ditto.
- eligius:   I know for sure it use vardiff but I don't remember if you can set a minimum value.

 

how manual i can make the diff at worjker at 512?

as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package

quoted from their announcement, emphasis mine.

Woke up to the bellow this morning, No idea as it was working well yesterday with bellow .9% HW

Will not revive today.... Not that it ever needed it yesterday

Oh how people like to speculate on things. It's not a safe bet and i will tell you why.First of all we paid for a 20nm product. If they deliver only cloud hashing then they are in big troubles. Second of all why would knc host for free and for life 3600 neptune customers? Because we haven't paid for 3TH for 1 year or 2 years or 5 years. We paid for a product that should run until we choose to turn it off. There is no logic in offering cloud hashing instead of products.

As for Avenger i have two questions. How much is a 20nm mask? If a Jupiter is ~1000$ to make then how much do you think a Neptune costs?

This.

It's a fairly safe bet at this point that the Neptune will never materialize.

I wonder if that was "Plan A" all along.

like I thought, you had no real answer.
Stockholm Syndrome.....

The Fun of Mining

I got into Bitcoin mining because it was fun, still almost is.  I missed out on getting a November Jupiter, 1 day too late so I bought different Mercury’s and Saturn’s used and started putting them together into Jupiter’s. I find it a lot of fun.  I even went as far as putting up my own P2Poll node on a cloud service and turning it, etc.  I’m fascinated by the whole process. (I’m a developer and an Infrastructure Architect by trade.)  But this whole cloud mining thing is ridiculous.  It only benefits the owners of the equipment, the buyers are always screwed (though the seldom realize it). Even this Neptune protection plan (what about the Jupiter, Saturn, and Mercury customers? F-Off eh?) isn’t really going to protect the Neptune buyers because that datacenter is going to send the difficulty so high it won’t be worth it.

I actually like buying used equipment because I’m not shooting myself in the foot by adding hashing power to the network, for me that’s the best deal if you can get decent prices.  Now that this cloud hashing craze has set in, even the good old guys at KnC got bit by the bug, mining isn’t going to be fun anymore.  What’s the point?  The only mining that will be doing anything are the huge PetaHash/Sec datacenters, kind of like Bank of Americas of Bitcoin. This destroys the whole peer-to-peer power to the people aspect of Bitcoin that makes it so attractive.  Now only people will millions and millions of dollars will run the network and when they decide to take advantage, oops.

Just my 2-cents…*gets off soapbox*

someone send KNC a few of these shirts

Time for Plan B

+10000

hope you sold some BTC KNC or perhaps you are now and killing the price!!!

Well for starters all you did was go off on some diatribe making a whole bunch of assumption about jelin1984.

How do you know he (or she) doesn't have any experience soldering?

\Who are you to deem what is meant for what.  If it was set in stone who the upgrade modules were for they wouldn't have been sold to anyone who came along.  Thus, KnC themselves made that a moot point.

How bad do you really think one can "fuck up" soldering on an idc header?  What, is he going use a blowtorch? It's not some piece of high density equipment with 0402 SMD parts.

Further, you start to pull some massive breakdown of some timeline you dreamed up as if you have some crystal ball looking into everyone else's reality.  Anyone who watches a 10 minute youtube video on soldering could solder an IDC header onto a PCB in 5 minutes.

You've hardly done anything that could be construed as constructive since you joined, what, yesterday?  What account did you drive into the ground and abandon before you made this one?

I keep asking where they are getting the money to building a datacentre, tens of thousands of Jupiters and still have cash left over for Neptune?

If they only made $15 million profit, all of that would not cover the cost of the 18000 Jupiters (my guesstimate is 18000 would cost about $18million @ $1000/unit). And there is no way they are risking their profits on this venture - they aren't stupid.

And if they are honestly going to "loan" these 18000 jupiters to Neptune customers if Neptune is late, they are surely going to build some more for themselves/byteminr to sell as cloud hashing? They have to for Byteminr. I threw around the figure of 35,000 Jupiters yesterday, meaning they would have about half as many for themselves as they "give" to Neptune customers.

Where the hell are they going to get $35+million from?

It's got to be the $44million in Neptune pre-order money.

Which would lead a person to believe:
1) They will have no money left after this, so Neptune will never be built. So 3600 neptune customers will become the first 3600 knc cloud hashing customers ("Sorry, neptune delays, have 3TH in our datacentre", which is basically what they said in the latest newsletter).
2) They expect to pay for Neptune development and production costs out of bitcoin mining earnings. That is some gamble.

I think anyone with a Neptune order should be paying for a spy to keep an eye on the knc military complex and see if they turn on those Jupiters they are going to "compensate" the Neptune people with.

Because if they ass-rape-pre-mined them from, let's say, June, before they start handing out the 3TH compensation to Neptune customers in July, they will ensure the difficulty is so sky high that in July, 3TH is almost worthless, as the difficulty will have risen to account for all these machines already and knc will be the beneficiary. Anyone with an early October Jupiter knows how well you can do in the first difficulty period or two, before the earnings flatten out quickly to next to nothing.

People seem very casual about this.

I predicted KNC would have to speak up, with all those Neptune refund requests they got nervous. The ONLY way to stop people from requesting more refunds is to offer them something else. Doesn't matter what it is. Just any kind of financial compensation even if it's true or not. They rarely ever announce anything...but seeing those Neptune sales turn around a bit they have to think of something. Kind of crazy this all comes and ironic this all comes about on the heels of many Neptune refunds. One way to stop it in its tracks, offer some kind of compensation. No real specific details, just a vague offer. Nice!!!

Damn, KNC really screwed people on this one. All you guys basically filled their wallets again so they can build a big hashing farm for themselves to make themselves even more money. Would of been prudent if they mentioned this cloud hashing power thing when sucking in the thousands selling Neptunes. I'd be quite pissed really knowing a product may really never even show up. Once KNC gets on that cloud hashing farm trip they aren't going to worry about Neptunes or anything like that.

Why, should there be? 
The way I see it...  you are gambling, and you want the house to guarantee a win?

TGB works good for short term, but it (at least historically) continues to extrapolate an exponential increase in hashrate over the longer term. I haven't used that calc in several months, so this may be old news.

However, when it was first used to generate a lot of FUD, it showed such. That has already tapered off. What we'll likely see in coming months is a number of spikes where it goes up by a lot, followed by a small climb for a couple of diff periods. Then it will taper off. The problem, of course, is predicting how those spikes and valleys will happen. This is essentially impossible in the long term, and this is not solely a bitcoin problem. We know who the major players are, but there is a lot of interest in building and disseminating hashpower. Ultimately it will come down to the mix of exchange rate and electric costs.

Which seems to me to be a great opportunity, one I'm going to pursue. Off grid power generation is going to become necessary to the mining community sooner rather than later, or else a great many of these machines are indeed NOT going to achieve positive ROI in the not too distant future. Even if you, like me, don't care whether that ROI is bitcoin or fiat or gold or fucking cows. Yet if you could generate your own power, the useful life of the machines becomes indefinite, rather than extremely finite. I've long been interested in small scale power generation anyway. I have some interesting ideas along those lines, and when I get them firmed up a little better I'll start a thread regarding that. Not sure what subforum it should be on, though

On topic, I suspect that this hosting facility of KNCs is going to be a PR disaster for them. I think they would have been smarter to just do it quietly, sell Jupiters, and be up front about any delays. I think such a center would be good for the network as a whole, as it would put a cramp on CEX and force them to be more competitive in their share prices, plus leading just generally to more competition in cloud mining. But they way they appear to be doing this is, frankly, stupid.

so, plan B is some compensation for delay but there's no mention of ROI.