Swedish ASIC miner company kncminer.com

[opentoe]

Jupiter is only 500Gh/s and selling for $5000 USD, and then I see a Cointerra Terraminer 2TH/s for $6000. To me this means it is all less then a gamble and all slowly becomes a slow loss if you aren't in it now. I've been hashing my Saturn 24/7 since I received it and basically only have gotten back 7 bitcoin. I guess I'm a little impatient with everything but I doubt I'll ever break even. It is fun and all that, but maybe I'll put my money into a more profitable venture. We're just a bunch if kids here seeing how much bitcoin we can make. And if you live at home with mommy and daddy who pay all the bills, you have a better chance then most.

Tell mommy to wash those whites!

[arlekyn13]

I see some people love to calculate profit/loss in $ instead of BTC. To them I can say only this, the higher the value of BTC in $, the higher the LOSS you take if you don't mine back your spent BTC. Simple as that.
This is an example of my bad investment with KNC: I spent BTC 160 (about $18500 at the time I bought the gear) and i expect to mine back BTC 50. If BTC price goes to $1000, I will NOT have a gain of $50,000 - 18,500 = $ 31,500, but rather a loss of BTC 110, meaning a loss of $ 110,000

[seanrarey]

I see some people love to calculate profit/loss in $ instead of BTC. To them I can say only this, the higher the value of BTC in $, the higher the LOSS you take if you don't mine back your spent BTC. Simple as that.
This is an example of my bad investment with KNC: I spent BTC 160 (about $18500 at the time I bought the gear) and i expect to mine back BTC 50. If BTC price goes to $1000, I will NOT have a gain of $50,000 - 18,500 = $ 31,500, but rather a loss of BTC 110, meaning a loss of $ 110,000

When, oh when will people stop beating this tired drum?  How many times are you people going to post this over and over and over in this forum?

You want to mine.  You bought miners.  Good for you.

Others want to mine.  Good for them.

Those that were not frightened away the first 100 times this math was presented, are not likely to driven away by future posts of the same information.

It just gets so very tiresome.

[Mota]

I see some people love to calculate profit/loss in $ instead of BTC. To them I can say only this, the higher the value of BTC in $, the higher the LOSS you take if you don't mine back your spent BTC. Simple as that.
This is an example of my bad investment with KNC: I spent BTC 160 (about $18500 at the time I bought the gear) and i expect to mine back BTC 50. If BTC price goes to $1000, I will NOT have a gain of $50,000 - 18,500 = $ 31,500, but rather a loss of BTC 110, meaning a loss of $ 110,000

When, oh when will people stop beating this tired drum?  How many times are you people going to post this over and over and over in this forum?

You want to mine.  You bought miners.  Good for you.

Others want to mine.  Good for them.

Those that were not frightened away the first 100 times this math was presented, are not likely to driven away by future posts of the same information.

It just gets so very tiresome.

unlike your contributions which are thrilling...

+1

[AussieHash]

Has anyone measured the power draw of a Jupiter at the wall? I'm trying to see if a Seasonic X1250 is enough to power 2 of them.

Im pulling on average 630-650w per at the wall all on firmware .98. I would go with what bitcoinorama said- get a PSU per.

The watt usage keeps going up for me on the latest.  I am now 697w at the wall with 0.981.  But it is now 580-600GH.  Getting very high rates.

This was on a machine that had an RMA for one of the four boards.  What started as my worst Jupiter is now my best one.

+1
My very worst Jupiter was hashing about 400-440GH/s up till fw0.97
On firmware 0.98/1 my Jupiter is hashing at 568.69 GH/s with 99.78% accepted shares

[CYPER]

Jupiters, which is about 150% more hashpower than I currently have...IF they are still 550GH/s devices...
which I'm sure they won't be.

What do you mean by that?

[FUKT]

This is sad even at almost $400/bitcoin you barley make anything, completely retarded to buy any of these overpriced pieces of shit.

WHAT?    You must be doing something wrong then....  Ive been hashing the 3 saturns since september 15th,*edit.. (one on the 11th, two on the 18th)which is just over three weeks, and they have Produced enough BTC to buy 2 Nov. Jupiters, which is about 150% more hashpower than I currently have...IF they are still 550GH/s devices...
which I'm sure they won't be.
If you can get more hashpower than the diff increase, your income will grow instead of diminish....
I still have a week left to hit the one month mark, which is about how long it takes for the diff to double...   so I am Way ahead of the game so far IMHO.

so basically you spend about 13K and have only made 10K back? How is this profitable in your mind?

I spent 11.8k, and got over 10 back in 24 days, YES I call that profitable! DUH!

But then you spent the btc to buy more machines . . . . #ponzi #WTF #stupid

[WastedLTC]

This is sad even at almost $400/bitcoin you barley make anything, completely retarded to buy any of these overpriced pieces of shit.

WHAT?    You must be doing something wrong then....  Ive been hashing the 3 saturns since september 15th,*edit.. (one on the 11th, two on the 18th)which is just over three weeks, and they have Produced enough BTC to buy 2 Nov. Jupiters, which is about 150% more hashpower than I currently have...IF they are still 550GH/s devices...
which I'm sure they won't be.
If you can get more hashpower than the diff increase, your income will grow instead of diminish....
I still have a week left to hit the one month mark, which is about how long it takes for the diff to double...   so I am Way ahead of the game so far IMHO.

so basically you spend about 13K and have only made 10K back? How is this profitable in your mind? What? how is it just over 3 weeks, that's almost 2 months, are you a KNC shill?

He said September 15th but it was really October (15th)..  just a typo. 

[Meizirkki]

Jupiters, which is about 150% more hashpower than I currently have...IF they are still 550GH/s devices...
which I'm sure they won't be.

What do you mean by that?

+1 how can you be sure they'll ship different hashrate?

Gen2 is months away and current devices are already pushed to their limits.

[dogjunior]

I see some people love to calculate profit/loss in $ instead of BTC. To them I can say only this, the higher the value of BTC in $, the higher the LOSS you take if you don't mine back your spent BTC. Simple as that.
This is an example of my bad investment with KNC: I spent BTC 160 (about $18500 at the time I bought the gear) and i expect to mine back BTC 50. If BTC price goes to $1000, I will NOT have a gain of $50,000 - 18,500 = $ 31,500, but rather a loss of BTC 110, meaning a loss of $ 110,000

So you prefer that btc go down in value to $5 so that people stop mining and then your miner will make more btc. If difficult goes back to early 2013 levels then you will make your btc back and then some. Your 160 btc earned from mining would only be worth $800 in fiat. You then have a btc profit but fiat loss. Does this make you feel better? You would then consider this a good investment with KNC?

[helmax]

butterfly monarch is  better have 600 Ghs is more cheap


knc is litle expensive for the difficulty that we have

cointerra also cheap and more powerfull

[btc_uzr]

butterfly monarch is  better have 600 Ghs is more cheap

  go for it and let us know afterwards how it turned out..


edit:
the important difference beside fact&fiction, is point in time of delivery

[CYPER]

butterfly monarch is  better have 600 Ghs is more cheap

yeah, this is very good product, you should buy, you be happy, good boy.

[Puppet]

This is sad even at almost $400/bitcoin you barley make anything, completely retarded to buy any of these overpriced pieces of shit.

WHAT?    You must be doing something wrong then....  Ive been hashing the 3 saturns since september 15th,*edit.. (one on the 11th, two on the 18th)which is just over three weeks, and they have Produced enough BTC to buy 2 Nov. Jupiters, which is about 150% more hashpower than I currently have...IF they are still 550GH/s devices...
which I'm sure they won't be.
If you can get more hashpower than the diff increase, your income will grow instead of diminish....
I still have a week left to hit the one month mark, which is about how long it has been taking for the diff to double...  and right now, the diff increase is stalled! So I am Way ahead of the game so far IMHO.

Out of curiosity, have you sold every bitcoin you mined pretty much instantly at whatever the price that day, or is your revenue still in BTC and its dollar value purely theoretical, based on current/future BTC exchange rate?

[helmax]

who ensures that the knc will deliver on the date they promise?

cointerra and hast  promises to be the best

[markm]

who ensures that the knc will deliver on the date they promise?

cointerra and hast  promises to be the best

Well go pollute their threads then instead of this one, this one isn't about them.

-MarkM-

[CYPER]

you should look to run the PSU at 80% of its max rating, because thats where they tent to have the highest power efficiency percentage.   Do not buy a 1250w and run it at 600w for example as this will have a lower efficiency.  if your power draw is around 600w get a 750w.  

I highly recommend the XFX 750 Pro (not core edition)
http://www.scan.co.uk/products/750w-xfx-pro-black-edition-p1-750b-befx-full-modular-80-plus-gold-90-eff-eps-12v-sli-crossfire-1x120?utm_source=google+shopping&utm_medium=cpc&gclid=CKHc8JzJ2roCFVMbtAodNVgAGw

It is badged XFX but is made by seasonic (who also make corsair) but a lot cheaper.  

Unless you intend to upgrade in the future that is. then go for a bigger PSU.

You are mistaken. Highest efficiency is at 50% load.

[seanrarey]

who ensures that the knc will deliver on the date they promise?

cointerra and hast  promises to be the best

I can only assume you are trying to be funny...?

[btc_uzr]

who ensures that the knc will deliver on the date they promise?

cointerra and hast  promises to be the best

I can only assume you are trying to be funny...?

I'm honestly impressed seanrarey how you're able to break it to helmax so gently.....word funny didn't even come to my mind 

[ASIC-K]

you should look to run the PSU at 80% of its max rating, because thats where they tent to have the highest power efficiency percentage.   Do not buy a 1250w and run it at 600w for example as this will have a lower efficiency.  if your power draw is around 600w get a 750w.  

I highly recommend the XFX 750 Pro (not core edition)
http://www.scan.co.uk/products/750w-xfx-pro-black-edition-p1-750b-befx-full-modular-80-plus-gold-90-eff-eps-12v-sli-crossfire-1x120?utm_source=google+shopping&utm_medium=cpc&gclid=CKHc8JzJ2roCFVMbtAodNVgAGw

It is badged XFX but is made by seasonic (who also make corsair) but a lot cheaper.  

Unless you intend to upgrade in the future that is. then go for a bigger PSU.

You are mistaken. Highest efficiency is at 50% load.

sorry thats a myth that wont die. its simply untrue.