Swedish ASIC miner company kncminer.com

[Loredo]

the only way to win is to bet on all horses

Try that at the track and see how well it works.

Yeah, funny how that 15% house take gives you back 0.85 for every 1.00 you bet.  There are successful pari-mutual methods, though.  See Epstein's Theory of Gambling and Statistical Logic (Academic Press) for references.

[DPoS]

You know what's scary? People who pre-ordered kncminer gear seem to have basically won the lottery. There was no particular reason to think kncminer was more likely to succeed than many of the others who have attempted to make ASIC miners, and many fail. It looks like kncminer will deliver on time, or very very close to that, and well over specifications. And yet, it's unlikely that many of those who pre-ordered will ever mine as many Bitcoins as they paid for their miners, after the cost of electricity is deducted.

It's simple economics. If mining is particularly profitable, then more people will mine. This will continue until mining is not particularly profitable.

the only way to win is to bet on all horses

that being said, holy fuck, what the fucking shit, 620 fucking pages of shitposting?  thank god i avoided this shitfest of a thread

So what day 1/2/3 orders are shipping soon, and did they bump the hash rate up or something?  Was it just Jupiter orders that got free upgrades or Saturn as well?

with this kind of info gathering, no wonder you have to bet on all horses... there was a lot of good intel going on in the early stages of KNC and to the victor, goes the spoils  

[Loredo]

This is from their twitter 4 hrs ago:

KNC Miner ‏@kncminer 4h
Jupiter speed now at 596

And this is from the actual mining:

3 hours   474.37 Gh/s

Could be tuning another unit.

<trolling>Could be a hundred Jally's that they bought on ebay with pre-order funds, too. </trolling>

[Loredo]

One last thing to mention, and since the naysayers have to fall back to the "won't NOI" sour grapes position, it's sort of on topic here. 

That is, how bogus all the linear or constant-growth exponential calculators are, and why only a troll or fool would quote, let alone believe, those results.

There's a function used in mathematical biology modeling named the Gompertz function.  It's got a rich literature, and a pretty useful Wiki page. 

Basically, say you have a fixed food supply in a fixed space for a single-cell population.  The population will start to grow, at a faster and faster rate, reaching a maximum growth rate, and then, as food for any individual becomes relatively scarce with the increasing competition from growing population, growth slows and ultimately flatlines until there are changes in the external conditions, or mutations with the population that give a new strain a (temporary) competitive advantage.

If that doesn't sound like bitcoin mining to you, maybe you're in the wrong racket.

Somebody ought to produce a calculator that entails Gompertz parameter estimation (which are functions of power consumption, absolute hardware costs, etc.) to give people a chance to estimate the real economics, instead of calculations which have (I'm exaggerating here) more petahash on line in 2015 than there are gigawatts of electricity to power the network. 

I know, for a fact, that some exist.  Just not yet, it seems, in the public space.   

[erk]

My prediction is that KNCminer are going to double the current net hash over the next few weeks depending on how fast the couriers are to get the boxes out to people. It will be interesting to see what the mining calculators have to say about that when it happens, bet they didn't see that coming. Then add to that what the other ASIC vendors ship, and October is going to be a crazy month.

[Beta-coiner1]

Lol@Laredo,but honestly KNC did a really good job and you can see by their communications and the fact they still accept credit cards and paypal,lol.I think they set the standard for how an ASIC company should act.

[Phoenix1969]

Lol@Laredo,but honestly KNC did a really good job and you can see by their communications and the fact they still accept credit cards and paypal,lol.I think they set the standard for how an ASIC company should act.

+1

[Ytterbium]

https://www.kncminer.com/news/news-40

That video was BS, the laptop was clearly showing 19.6% HW errors.

How about some real proof of the hashing for us?

http://eligius.st/~wizkid057/newstats/userstats.php/17Czc8RVL3FU5T2MLx2zLbRnpfBNgH9vFo

So what, it's not hard to get a spike on a pool, just use a few machines with the same user ID.

What I want to see is what the Jupiter will do at a normal 1-2% HW error rate like other ASICs.

Who cares what you want?  It doesn't matter what the error rate is, what matters is the overall hashrate.

[Ytterbium]

Orama:

Can the miner be upgraded via USB or only via JTAG?

It's almost midnight in Sweden. Let them go have a beer and I'm sure q&a can wait until tomorrow.

Just as long as they deliver some units so I can win my bitbet!

(Well, technically the bitbet doesn't say what timezone...)

[ASIC-K]

Orama:

Can the miner be upgraded via USB or only via JTAG?

It's almost midnight in Sweden. Let them go have a beer and I'm sure q&a can wait until tomorrow.

Just as long as they deliver some units so I can win my bitbet!

(Well, technically the bitbet doesn't say what timezone...)

i think the bitbet is over dude....i lost too. lol

[tacotime]

So far we've only seen a prototype...  Bitfury still took a few weeks from the prototype boards to mass production boards, so I wouldn't be surprised if we didn't see en masse shipping for a little while.  It'll be interesting to see how fast KnC gets these out, I'm always dubious until I see people on the forum getting their products.

If they do begin shipping massive quantities immediately, I'm really curious if they'll pull an "Avalon" and crank the price of their devices once they realize demand is outstripping supply.

Mostly I'm happy to see competition -- because the customers will be the ones winning in the end once these companies start trying to murder each other in sales.

[josh_nc]

This is from their twitter 4 hrs ago:

KNC Miner ‏@kncminer 4h
Jupiter speed now at 596

And this is from the actual mining:

3 hours   474.37 Gh/s

I was just looking at this one which may be very close to reality today @ 2.6% diff increase per day (1.026^30=116%/month):  http://www.coinish.com/calc/#
Mind you the diff rate itself is increasing...

It is a carrot on a stick. Those who are making the rigs are the ones making money. Mining is interesting but not terribly worth it at the current BTC value. If it ever jumps closer to 1,000 USD in the very near future then it would become interesting. May even be worth keeping the rig around.
 

[Kaliecious]

Does this mean the Saturn will have improved speeds also? I keep hearing about the Jupiter.

[DPoS]

Jupiter is now >= 500GH.

http://www.youtube.com/watch?v=JFOcI8nK2xI&hd=1

497.1 average (22 minutes). Still pretty good

   Hashrate Average   Weighted Shares
3 hours   471.52 Gh/s   1185664
22.5 minutes   467.09 Gh/s   146816
256 seconds   583.90 Gh/s   34803
128 seconds   559.10 Gh/s   16663

[ASIC-K]

Does this mean the Saturn will have improved speeds also? I keep hearing about the Jupiter.

they are all the same chips!

[ImI]

Guys, they are just tweaking with that miner. I wouldnt read to much from that.

They said 576 GH/s and thats all that matters at the moment.

[Loredo]

Reading this thread is probably the most fun I've had since the Mad Dog left Mike on WFAN.  But, for me, at least, the fun's over.  

Again, well done, KnC/OrSoC.  

Here's a song to describe KnC -and bitfury.  Jerry Riopelle, with the fairly hot Tara Austin, singing Walkin' on Water.

https://www.youtube.com/watch?v=Wq7K1yL_enA

[Wesly]

So far we've only seen a prototype...  Bitfury still took a few weeks from the prototype boards to mass production boards, so I wouldn't be surprised if we didn't see en masse shipping for a little while.  It'll be interesting to see how fast KnC gets these out, I'm always dubious until I see people on the forum getting their products.

If they do begin shipping massive quantities immediately, I'm really curious if they'll pull an "Avalon" and crank the price of their devices once they realize demand is outstripping supply.

Mostly I'm happy to see competition -- because the customers will be the ones winning in the end once these companies start trying to murder each other in sales.

"crank the price"?  They had already lowered their prices for November shipment and even that are looking expensive now compare to what Hashfast and Cointerra are offering.  The Nov batch will only ROI if their competition slips on their shipment dates.  Avalon was able to raise their price to absurd level because there is no real competition and was really the only game in town.  Those days are over (thanks goodness).  I hope the KNC miners will finally put nails on Avalon, BFL and ASICMiner's coffins, all 3 are greedy bastards.

[Xian01]

Kudos to the KNC folk. Against some serious community skepticism and trolling, they appear to have pulled it off.

Nice to see more players entering the hardware arena. Looking forward to seeing the price of these guys in December.

Would be amazing to place an order for a product and have it ship within 7 days.

Cheers, gents.

[dwdoc]

Does this mean the Saturn will have improved speeds also? I keep hearing about the Jupiter.

Divide by 4? ~500/4=~125

576/4 = 144/chip

Mercury 144

Saturn 288

Jupiter 576