Swedish ASIC miner company kncminer.com

[Paladin69]

Wow the genesisblock calculator updated.  Very grim...mining equipment will be lucky to make half of their value back.

http://mining.thegenesisblock.com/

I think those who deny this will be very disappointed.  You aren't really competing against each other anymore hoping your neighbor drops out.  China is ramping up for their own large scale corporate farms.  http://feedproxy.google.com/~r/TheGenesisBlock/~3/W0-SZClMliA/

I see no reason to believe this won't keep expanding by small amounts of very wealthy people despite the average person bailing out.  You'll get far more BTC for your $ if just buying direct now.

Dude the hashrate is about to level out for a bit not, continue growing like this for a while. This has been the first shipment of a major die shrink. If anything it shows the genesis block was way off base all along, as I previously stated. This will be a huge step up over a couple of weeks and then there won't be anything in such a huge multiple in one go on to make such a marked effect on the hashrate again for sometime. You certainly won't see a doubling of the current hashrate as it stands after the KnC delivery for a while yet.

Be careful of the advice you are giving from here on out if you don't want a major backlash.  This is bordering on financial advice since hashrate is so exclusively tied to it.  The article discusses BTCGarden and large cloud farms coming online.  It isn't just about companies like KnC and HashFast selling to people anymore.  A bigger picture is at play now.  It is old money getting involved.  There is no reason to believe this will let up.

[Mota]

My magic eightball tells me to put my tinfoil hat on and sit the next few months out. I see my orders as heating machines. I have to heat with electricity either way... Just a little more expensive

[Mogumodz]

Got my tracking Number today, looks like DHL for us - Paid July 11th for people wondering.

Wooohooo

[Paladin69]

My magic eightball tells me to put my tinfoil hat on and sit the next few months out. I see my orders as heating machines. I have to heat with electricity either way... Just a little more expensive

Just remember you could have bought twice the amount of BTC if you look back and this plays out.

[spiccioli]

339x paid July 7 Jupiter DHL to Texas

Nice, this confirms my idea that their hosting offer is a FRAUD edit: see here , plain and simple.

If they were able to ship your unit, where is mine that I paid on June 12th?

Those who paid more are served later than those who paid less, go figure!

spiccioli

ps. obviously their customer care is not able to answer this simple question and keeps repeating that they're doing their best... 'Orama, what do your new friends tell you about this clusterfuck that is the hosting solution?

[spiccioli]

339x paid July 7 Jupiter DHL to Texas

Nice, this confirms my idea that their hosting offer is a FRAUD, plain and simple.

If they were able to ship your unit, where is mine that I paid on June 12th?

Those who paid more are served later than those who paid less, go figure!

spiccioli

ps. obviously their customer care is not able to answer this simple question and keeps repeating that they're doing their best... 'Orama, what do your new friends tell you about this clusterfuck that is the hosting solution?

BTW, I've requested a full refund of my Jupiter unit and of hosting's costs, I don't want to have anything more to share with them.

spiccioli

[donch]

Dude the hashrate is about to level out for a bit not, continue growing like this for a while. This has been the first shipment of a major die shrink. If anything it shows the genesis block was way off base all along, as I previously stated. This will be a huge step up over a couple of weeks and then there won't be anything in such a huge multiple in one go on to make such a marked effect on the hashrate again for sometime. More a plateau You certainly won't see a doubling of the current hashrate as it stands after the KnC delivery for a while yet, even during their November shipment. If they were to ship anywhere near what they shipped just now, it'll increase the current hashrate by a proportion, not a multiple due to the cumulative effect of this wave.

You can only really prove that statement by stating exactly what the size of the orderbook (in TH/s) is for October and November delivery.

[demonmaestro]

Mine now says: Order #6xxx In progress (Payed)

We shall see for how long.

[madsusies]

 

[Bitcoinorama]

Dude the hashrate is about to level out for a bit not, continue growing like this for a while. This has been the first shipment of a major die shrink. If anything it shows the genesis block was way off base all along, as I previously stated. This will be a huge step up over a couple of weeks and then there won't be anything in such a huge multiple in one go on to make such a marked effect on the hashrate again for sometime. More a plateau You certainly won't see a doubling of the current hashrate as it stands after the KnC delivery for a while yet, even during their November shipment. If they were to ship anywhere near what they shipped just now, it'll increase the current hashrate by a proportion, not a multiple due to the cumulative effect of this wave.

You can only really prove that statement by stating exactly what the size of the orderbook (in TH/s) is for October and November delivery.

Which I don't have access to, but seeing as the deliveries are by and large reflected in the hashrate it's out there anyway.

[600watt]

guys chill all out. today something un - be - lieve - able happened.

a real game changer !

hold your breath...

today bfl send me an email telling my 60 Gh machine has is on its way towards me.

it hit me like a hammer.  

[donch]

Dude the hashrate is about to level out for a bit not, continue growing like this for a while. This has been the first shipment of a major die shrink. If anything it shows the genesis block was way off base all along, as I previously stated. This will be a huge step up over a couple of weeks and then there won't be anything in such a huge multiple in one go on to make such a marked effect on the hashrate again for sometime. More a plateau You certainly won't see a doubling of the current hashrate as it stands after the KnC delivery for a while yet, even during their November shipment. If they were to ship anywhere near what they shipped just now, it'll increase the current hashrate by a proportion, not a multiple due to the cumulative effect of this wave.

You can only really prove that statement by stating exactly what the size of the orderbook (in TH/s) is for October and November delivery.

Which I don't have access to, but seeing as the deliveries are by and large reflected in the hashrate it's out there anyway.

Not trolling, but that statement is reminiscent of something Josh would say :-)

[timmmers]

I don't know about nothing else adding to the hashrate after KnC in Nov. Just read that cointerra outfits news and they seem to think they may be shipping a huge amount in December. If they will or not, who knows?

The joys of buying from a company that tells you they are producing 350 units a day yet a rig can manage to stay "in progress" for a day eh? I'd love to see how that is explained. 12 hours / 350 isn't more than minutes. Can't they bear to part with their babies because they are so proud?  

[btc_uzr]

(...)

The faster they ship, the worse it just gets anyway.  It's clearly a no-win scenario now.

550GH/s = 1BTC a month @ diff 8.600M (= 62PH/s)
and below 1W per GH/s

so long term looks way better than though when placing the order


and when you consider cointerrra's best offer right now it means:
  62PH/s => 62*(500*2TH/s@$6.000)= $372.000.000 for hardware
until we reach the point of electricity costs in some areas for running KnC devices from first gen

My magic eightball tells me to put my tinfoil hat on and sit the next few months out. I see my orders as heating machines. I have to heat with electricity either way... Just a little more expensive

Just remember you could have bought twice the amount of BTC if you look back and this plays out.

buying BTC was, as far as I know, in the hole history of BTC always the better choice
and for sure it consumes a fraction of time, no electricity bill, no replacement parts, no noise, no fires, you can hide it easily, you can sell it in no time

so if one is in this game for profit *only*:  why the hell does he *mine* coins ??

[timmmers]

Mine now says: Order #6xxx In progress (Payed)

We shall see for how long.

Add it to your last will and testament just to be safe

[Its About Sharing]

Got my tracking Number today, looks like DHL for us - Paid July 11th for people wondering.

Wooohooo

Nice that they started on July orders. But they are essentially a month behind? It is probably going to take them at least a week to get to August orders due to ship "by Oct 15" and with the difficulty level rising the way it is, that extra 10 days or so, is just going to kill things, not that the last difficulty already didn't.

But, here is hoping!
IAS

[Bitcoinorama]

Dude the hashrate is about to level out for a bit not, continue growing like this for a while. This has been the first shipment of a major die shrink. If anything it shows the genesis block was way off base all along, as I previously stated. This will be a huge step up over a couple of weeks and then there won't be anything in such a huge multiple in one go on to make such a marked effect on the hashrate again for sometime. More a plateau You certainly won't see a doubling of the current hashrate as it stands after the KnC delivery for a while yet, even during their November shipment. If they were to ship anywhere near what they shipped just now, it'll increase the current hashrate by a proportion, not a multiple due to the cumulative effect of this wave.

You can only really prove that statement by stating exactly what the size of the orderbook (in TH/s) is for October and November delivery.

Which I don't have access to, but seeing as the deliveries are by and large reflected in the hashrate it's out there anyway.

Not trolling, but that statement is reminiscent of something Josh would say :-)

Well their orderbook is not a large physical book they leave open on a desk somewhere, i'm imagine it is electronic and secure, as such sorry mate I cannot tell you as I don't know the answer.

[DimensionsOfHell]

5% is 5%...  in the end, it's not 5%. Dishonest or misleading at the very least.

In the end, it's 105%, exactly as advertised.

Hey Luke-Jr, haven't seen you active on this thread in a while (or have I just not noticed?). Have you received your KnCminer yet? Should we be expecting some kind of BFG support sometime soon? One with not so high of an error rate? :-)

Still waiting on my 51XX order >_<

EDIT: Just seen my order now saying In Progress. Now I start the second phase of the waiting game...

[Slartybardfast]

Hey Orama have you got your miner yet?

[crumbs]

Dude the hashrate is about to level out for a bit not, continue growing like this for a while. This has been the first shipment of a major die shrink. If anything it shows the genesis block was way off base all along, as I previously stated. This will be a huge step up over a couple of weeks and then there won't be anything in such a huge multiple in one go on to make such a marked effect on the hashrate again for sometime. More a plateau You certainly won't see a doubling of the current hashrate as it stands after the KnC delivery for a while yet, even during their November shipment. If they were to ship anywhere near what they shipped just now, it'll increase the current hashrate by a proportion, not a multiple due to the cumulative effect of this wave.

You can only really prove that statement by stating exactly what the size of the orderbook (in TH/s) is for October and November delivery.

Which I don't have access to, but seeing as the deliveries are by and large reflected in the hashrate it's out there anyway.

Not trolling, but that statement is reminiscent of something Josh would say :-)

Well their orderbook is not a large physical book they leave open on a desk somewhere, i'm imagine it is electronic and secure, as such sorry mate I cannot tell you as I don't know the answer.

Then why tell us that the hashrate is going to level off?  You don't even have the info on KNC orders, much less on Bitfury, BFL, Hasfast, Cointerra, etc., etc.