Swedish ASIC miner company kncminer.com

[Biffa]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

You sound upset.

[Paladin69]

Is anyone seeing movement on their UPS or is it just a label?

[monsieur]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

You sound upset.

No, just fun observation. With this btc rise i start to feel like i overpaid for upgrade modules also.

[Phoenix1969]

Searing... you can flash back and fourth no problem...just remember to clear your browser casche every time.
for me, the beta, and no gui or putty is best...

ok just to be clear I can simply flash back to .95 the same way I flashed forward to .99?\

probably an't gonna go back to .95 I've gained about 18gh in hashing on ave and 12gh on the pool so far and went from up 700 in WU

Yep I go back to .96 all the time because none of the newer firmwares do anything to improve my Jupiter except make it use more power and then after a few days lose more GH/s

So normally for me, its reflash 0.96, reboot, flash enablecores, reboot, flash bertmod (don't reboot)

You do realize the dwindle-down effect is from using the Bertmod....?...Right?
Remember the memory issue?
You are partially responsible for helping identify the leak.
The memory won't get gobbled up if you stay off the GUI, putty, and bertmod..... and just use the pool to monitor...
Just checking...

[Phoenix1969]

Does anyone know when KncMiner will have their asics in stock and ready to order?

When you go to sleep, and have a nice dream.....

[Phoenix1969]

They are doing the right thing when they look after their customer's interests. Limiting the total growth is one way. Another would be to produce as much as possible and offer discounted hash rate to previous customers.

The latter could be more beneficial to their customers as it would decrease the influence of competing solutions from other vendors. But for Bitcoin as a whole I prefer seeing lot's of competing products out there We'll see how long KNC remain this dominant though!

Sticking to the "Network Protection Statement" would be detrimental to the company at this point.  Their success is mostly due to "Time to market". If they were looking for a way to loose customers(and their not), all they would need to do is stop delivering for a bit, and watch us all go start buying HF & CT Equipment in December....   not going to happen.
You can Disregard the NPS


* I'm almost ready to do such a thing.  Soon..., like within a few days, many of us will have enough BTC already to start thinking about new orders....  So... 

**Taking pre-orders for the next batch would be a good idea at this point***  Hint....Hint.....

[Phoenix1969]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

17.4 btc I think the first Nov. one was... hehe...part of the game.....no biggie!

[Bargraphics]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

17.4 btc I think the first Nov. one was... hehe...part of the game.....no biggie!

You are fine, ~650GH delivered by first week of december will make over 17.4BTC in it's lifetime most likely, that's what matters right?

[Phoenix1969]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

17.4 btc I think the first Nov. one was... hehe...part of the game.....no biggie!

You are fine, ~650GH delivered by first week of december will make over 17.4BTC in it's lifetime most likely, that's what matters right?

Exactly.......     

[volosator]

Tracking number shows that my modules are en route =)

[volosator]

Firmware v0.9.9 24hour results.

What do you have as stratum difficulty for your junipers?

[Mota]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

17.4 btc I think the first Nov. one was... hehe...part of the game.....no biggie!

You are fine, ~650GH delivered by first week of december will make over 17.4BTC in it's lifetime most likely, that's what matters right?

Exactly.......     

Hm. I still find pretty much all mining equipment heavily overprized for the fact that no asic miner company had any money of their own invested and pretty much financed all with the preorder money.
If they had used venture capital the price would be adequate, but raking in so much profit with a loss for the miners is not only morally wrong but will eventually lead to alternative approaches to the mining equipment production problem. They only damage their own consumer base with that...

[Bargraphics]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

17.4 btc I think the first Nov. one was... hehe...part of the game.....no biggie!

You are fine, ~650GH delivered by first week of december will make over 17.4BTC in it's lifetime most likely, that's what matters right?

Exactly.......     

Hm. I still find pretty much all mining equipment heavily overprized for the fact that no asic miner company had any money of their own invested and pretty much financed all with the preorder money.
If they had used venture capital the price would be adequate, but raking in so much profit with a loss for the miners is not only morally wrong but will eventually lead to alternative approaches to the mining equipment production problem. They only damage their own consumer base with that...

Let's look at it this way,

Current Jupiter's are making roughly $2,000/Week at current BTC prices. What does this value the machine at? Most likely more than $8,000 which is greater than it's original value. BTC is going up so the machines worth in USD will continue to hover around the purchase price.

In 6 month from now if BTC price continues to escalate at the same rate as difficulty or great, you will have close to the BTC you could have purchased at the time AND a machine that has value. That's how I see it, the machine will always maintain some sort of value as long as BTC/USD price increases. Plus it's much more fun to mine than hold coin

[vesperwillow]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

17.4 btc I think the first Nov. one was... hehe...part of the game.....no biggie!

You are fine, ~650GH delivered by first week of december will make over 17.4BTC in it's lifetime most likely, that's what matters right?

Exactly.......    

Let me know how much you mine.. according to my estimates, you won't see more than 10btc (13 max) out of a system with 700gh at that time frame. And that's with Fruity Pebbles and Lucky Charms at your side. And by that I mean, the first month. Sure you'll make some after, but it'll dwindle.

It's why I stopped buying any mining equipment from any OEM until they're in stock and reasonably priced. Right now the traders are going to make more than the miners, presuming same BTC investment.

Sad fact.

Then again, isn't it always the traders who are living off the backs of the hard workers in the mines?

[Phoenix1969]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

17.4 btc I think the first Nov. one was... hehe...part of the game.....no biggie!

You are fine, ~650GH delivered by first week of december will make over 17.4BTC in it's lifetime most likely, that's what matters right?

Exactly.......     

Hm. I still find pretty much all mining equipment heavily overprized for the fact that no asic miner company had any money of their own invested and pretty much financed all with the preorder money.
If they had used venture capital the price would be adequate, but raking in so much profit with a loss for the miners is not only morally wrong but will eventually lead to alternative approaches to the mining equipment production problem. They only damage their own consumer base with that...

KNC Customers operating @ a loss?   You are surely on a different planet, or doing something wrong.... OMG.

[Phoenix1969]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

17.4 btc I think the first Nov. one was... hehe...part of the game.....no biggie!

You are fine, ~650GH delivered by first week of december will make over 17.4BTC in it's lifetime most likely, that's what matters right?

Exactly.......    

Let me know how much you mine.. according to my estimates, you won't see more than 10btc (13 max) out of a system with 700gh at that time frame. And that's with Fruity Pebbles and Lucky Charms at your side. And by that I mean, the first month. Sure you'll make some after, but it'll dwindle.

It's why I stopped buying any mining equipment from any OEM until they're in stock and reasonably priced. Right now the traders are going to make more than the miners, presuming same BTC investment.

Sad fact.

Then again, isn't it always the traders who are living off the backs of the hard workers in the mines?

Yeah?, and two years from now, when BTC is like 4 grand, 10 billion diff, and your KNC OCTOBER Jupiter is still making a grand a day.... then what will you say?
Do the numbers...
According to the Winklevoss twins...BTC is worth 100x it's current value in 2 years....
That's 50 grand a BTC.....  Who knows how high it will go!.... We are in the INFANCY of BTC still!  Best days are yet to come, seriously.
about 75% of America has yet to even hear of bitcoin for the first time...

[DPoS]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

You sound upset.

No, just fun observation. With this btc rise i start to feel like i overpaid for upgrade modules also.

Will this ever end?  

Unless you are going to buy and hold BTC with every cent you come across during every run up untill...?   And no crash ever happens....
If not, you are just second guessing and most likely just sitting on cash and hardly in the game

Buying KNC miners is like storing your BTC in a bank that only lets you withdraw a certain amount per day.  Helps to keep you in the game without selling everything at the first 20% jump.

These miners are the closest ones to get you back the same amount of BTC in as out as well..  even if it is 80% less the fact you are forced to hold in a massive bullrally as been a winning combination.

Actions are what matters, not hindsight

 

[Bitcoinorama]

Is anyone seeing movement on their UPS or is it just a label?

I have. They've been and gone.

With boards...

[Mota]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

17.4 btc I think the first Nov. one was... hehe...part of the game.....no biggie!

You are fine, ~650GH delivered by first week of december will make over 17.4BTC in it's lifetime most likely, that's what matters right?

Exactly.......     

Hm. I still find pretty much all mining equipment heavily overprized for the fact that no asic miner company had any money of their own invested and pretty much financed all with the preorder money.
If they had used venture capital the price would be adequate, but raking in so much profit with a loss for the miners is not only morally wrong but will eventually lead to alternative approaches to the mining equipment production problem. They only damage their own consumer base with that...

Let's look at it this way,

Current Jupiter's are making roughly $2,000/Week at current BTC prices. What does this value the machine at? Most likely more than $8,000 which is greater than it's original value. BTC is going up so the machines worth in USD will continue to hover around the purchase price.

In 6 month from now if BTC price continues to escalate at the same rate as difficulty or great, you will have close to the BTC you could have purchased at the time AND a machine that has value. That's how I see it, the machine will always maintain some sort of value as long as BTC/USD price increases. Plus it's much more fun to mine than hold coin

I am doing it. However, I could have bought 162,5 btc at 80€ when I bought my first order. I will not EVER see 162,5 btc in mining returns. The sad fact is that the increase in btc price is detrimental for every miner since higher btc rate means more people buying mining rigs "since you can't measure the price to buy a miner in btc, you have to see your ROI in $, duh". Sad fact is that no asic company will honor any kind of regulation regarding mining equipment sales and you can be sure that the next gen will be even more overpriced e.g."since btc prices are rising we have to adjust our prices to the current market value and so our next gen device will have 2TH at 700W for a very cheap 17k$" (and hey, thats only!! 17 btc at 1000$/btc)

KNC Customers operating @ a loss?   You are surely on a different planet, or doing something wrong.... OMG.

Yes. I live on the planet got both my orders more than 2 weeks late. And even with that 25 btc more I would still not see any kind of btc ROI ever. But hey, maybe transactions will multiply ten thousandfold and we will see blocks with 35+btc and my units will make 80 btc each.

But hey,

Plus it's much more fun to mine than hold coin

I fully agree with that and when bitcoins reach 20k$ I will just buy one Island less and live happily ever after.

Yeah?, and two years from now, when BTC is like 4 grand, 10 billion diff, and your KNC OCTOBER Jupiter is still making a grand a day.... then what will you say?
Do the numbers...

Then I call bullshit since by then the diff would still be exactly so high that you would only get a marginal proft from it because everyone who thinks like you will have bought a miner "because it could make me a grand a day when the price rises again"

[vesperwillow]

I probably shouldn't be counting other people's money, but since he has been bragging about it. I feel sorry for phoneix who spent about $12K(by today's btc value) for one of his nov jupiters. No wonder he is a bit quiet lately.

17.4 btc I think the first Nov. one was... hehe...part of the game.....no biggie!

You are fine, ~650GH delivered by first week of december will make over 17.4BTC in it's lifetime most likely, that's what matters right?

Exactly.......     

Let me know how much you mine.. according to my estimates, you won't see more than 10btc (13 max) out of a system with 700gh at that time frame. And that's with Fruity Pebbles and Lucky Charms at your side. And by that I mean, the first month. Sure you'll make some after, but it'll dwindle.

It's why I stopped buying any mining equipment from any OEM until they're in stock and reasonably priced. Right now the traders are going to make more than the miners, presuming same BTC investment.

Sad fact.

Then again, isn't it always the traders who are living off the backs of the hard workers in the mines?

Yeah?, and two years from now, when BTC is like 4 grand, 10 billion diff, and your KNC OCTOBER Jupiter is still making a grand a day.... then what will you say?
Do the numbers...

I do the numbers.. constantly. Analysis, projection, digging up facts, talking through the grapevine.. I do it all. It's my hobby. I estimated a 500million difficulty once the majority of the KNC's were online, and by gum, I was off by fractions at most. My math isn't making ownership of a gen2 Jupiter as favorable as you're predicting.

Unless of course if you define lifetime as 'tomorrow through 10 years from now', then sure it'll eventually make its BTC back. Still, you're behind the curve.

It's practically a staple of the nature of the beast that mining isn't profitable, even long term.

The fact is if you'd invested with that 17 BTC, you'd be ahead of the game already. Mining is constantly behind when you look at 'the numbers'. Yeah, it brings it in.. but the rise in value will be ahead of what you can rake in. Almost always. It's practically a constant in the equation.

I'm not against it, I'm just saying let's be realistic here, using reasonable time frames. And I wouldn't mind having a Jupe, but I'd never pay the price you guys did. I got my Mercury for about 35% under retail. That's a better price for this equipment to truly be favorable to us.