Swedish ASIC miner company kncminer.com

[joeventura]

if they use bit pay only again and sell out in 3 minutes. I'm coming to sweden and burning down their offices

Black helicopters in 5, 4, 3, 2...

This should clarify things.

[RoadStress]

In fact if you bought BTC with what you paid for your miner, you would be much better off, except everyone seems to ignore this.

And folks that say this over and over always ignore the bigger elephant which is what is your target sell price?  

So, right now, say how much BTC you will buy today and how high you will wait to sell.   I don't remember anyone saying they were buying $14000 worth of BTC in June and holding until they were $800 each

What matters is how much more $$$ you end up with.  If you end up with more $$$ after only mining 60-80% of your BTC back since you end up selling at a later time than if you just bought btc and then had your weak hands shook, and only gained half of what you would of if you bought miners and mined..

talk about that side of reality.. the human element


so in summary, the people who keep repeating this dogma of just buy btc instead of mining are the people that don't want anyone else to mine...  game theory 101

What i'm curious about is what people like kronut actually do. Do they buy and hold until a specific price? Do they just watch? What is the actual thought process and the actual facts because talking is always easy, but i consider that learning never stops and i'm always open for improving stuff.

[DPoS]

What i'm curious about is what people like kronut actually do. Do they buy and hold until a specific price? Do they just watch? What is the actual thought process and the actual facts because talking is always easy, but i consider that learning never stops and i'm always open for improving stuff.

You'll see more and more new faces here that are mad that current KNC owners get first stab at buying Neptunes.

Since I am a KNC customer, I don't have to try to scare off anyone from KNC. If I want to buy a Neptune or two, I will be able to.

 They have to scare us off so some will be left for them to buy

[soy]

Hello Jupiter Owners. (also other miners may pitch in as well)

Anyone got a Temperature reader/gun.

Any chance you could measure the Temperature of the PCI cables, seen another post for a Bitfury thingy where a PCI cable burnt out.

I have Just Measured mine, running at 28c, 30c , 35c , 40c. Measured where it connects to the Jupiter PCI-e extension cable.

Ambient Temp for the Room is 26c.

Cheers

C_C  

Mine are similar, 34-36°C but it might be dependent on the firmware you are running, also with the Bitfury miners they can be overclocked and pull alot more volts than at stock which might push a borderline psu cable beyond its capabilities.

When I made my first cables for my Merc I needed to splice a couple of PCI-E connectors, cut from video card test cable sold on ebay, to heavy wire that I would run to one or two power supplies.  I bought a 15 amp extension cord and cut pieces.  Figuring 15 amps should be heavy enough I found I could run the Merc on a single supply.  The lines were a little long and I had the 12v line bunched and tied.  I was running firmware 0.94 and drawing about 260 watts at the wall.  I happened to place my hand on the bunched 15 amp capable wire and it was quite warm.  I immediately put together a double 15 amp cable for the single module Merc and that was cool.  When I added a second module I again used a double cable but it was less necessary as I was now running 0.98.  Figure the one module was running [email protected] for 180watts, figure efficiency of the VRM in the high 80% so call them 88% efficient for 204½watts at 12volts plus there'd be something for the BBB and controller board which we'll discount, so 17amps@12volts - and it was a 15 amp extension cord.

[kronut]

What i'm curious about is what people like kronut actually do. Do they buy and hold until a specific price? Do they just watch? What is the actual thought process and the actual facts because talking is always easy, but i consider that learning never stops and i'm always open for improving stuff.

You'll see more and more new faces here that are mad that current KNC owners get first stab at buying Neptunes.

Since I am a KNC customer, I don't have to try to scare off anyone from KNC. If I want to buy a Neptune or two, I will be able to.

 They have to scare us off so some will be left for them to buy

I do own a Saturn that was upgraded to a Jupiter last week, so I am invested in this game (since gpu times even), it was a no brainer to buy the upgrade modules. I might even buy a Neptune if the numbers look good.

The thought process is fairly easy in my case, will I make more BTC by reinvesting them, or should I just hold onto my BTC? In this case, since the price went up 7-8x, I should have held my BTC.

Let's look at it from a different angle, if BTC was about $100, I would still be saying the same thing, I have not and most likely will not make back the amount of BTC that I purchased the miner with. Likewise for those who purchased with cash/CC, they would have had to make x BTC at a rate of $100 to break even. If that was the case, no one would have made their investment back in my opinion. People who paid with cash/cc just got lucky with the rise in BTC price.

[Searing]

20nm in 2014? Not only is that amazing, it's almost hard to believe. It would be beyond most current GPU OEM's specs.

pays to have a "chip maker" as a partner don't it...like bumping your production of chips to the head of the line (just saying)

[Paladin69]

HashFast just updated their ToS.  It sounds very grim for customers.

[1l1l11ll1l]

if they use bit pay only again and sell out in 3 minutes. I'm coming to sweden and burning down their offices

Black helicopters in 5, 4, 3, 2...

Haha, nope im in canada. No NSA bullshit...

http://www.huffingtonpost.ca/2013/06/08/nsa-spying-canada_n_3408662.html

[opentoe]

The order book will likely open either tomorrow, or in the coming days.

Not sure what you mean by what kind of refusal? In any case wait and see at the point of announcement.

Dare say it will be first come first served to previous customers for a designated period of time. I have no idea of there is a limit, or whether there's a reseller program. Though of there is please use the reseller link in my sig. Ta v.much

Order book for what? We have zero tech specs on the devices, how many there will be and other companies are coming quicker and quicker to release all their hardware. One another competitor throw out his 1TG rig for $5k, KNC will have to tqake ALOT of money off their asking price of $7,000 or even higher. Once greed sets it it's almost impossible to control.

[opentoe]

day 1/2 customers should have no advantage over the rest of October customers, in my opinion. Day 1/2 customers were compensated enough by receiving their miners early and mining more bitcoin.

We weren't compensated...that's just when the delivery dates were announced.

[bclcjunkie]

ditto... KNC should just cut the crap with that "early customer protection BS" and start manufacturing... unless it's just a shady excuse to protect their own mining income from rising difficulty... 

day 1/2 customers should have no advantage over the rest of October customers, in my opinion. Day 1/2 customers were compensated enough by receiving their miners early and mining more bitcoin.

We weren't compensated...that's just when the delivery dates were announced.

[1l1l11ll1l]

The order book will likely open either tomorrow, or in the coming days.

Not sure what you mean by what kind of refusal? In any case wait and see at the point of announcement.

Dare say it will be first come first served to previous customers for a designated period of time. I have no idea of there is a limit, or whether there's a reseller program. Though of there is please use the reseller link in my sig. Ta v.much

Order book for what? We have zero tech specs on the devices, how many there will be and other companies are coming quicker and quicker to release all their hardware. One another competitor throw out his 1TG rig for $5k, KNC will have to tqake ALOT of money off their asking price of $7,000 or even higher. Once greed sets it it's almost impossible to control.

[DPoS]

The thought process is fairly easy in my case, will I make more BTC by reinvesting them, or should I just hold onto my BTC? In this case, since the price went up 7-8x, I should have held my BTC.

You assume you would keep those BTC through all the ups and downs of the market and not sell?  What if you bought BTC and sold when it went up 2x or 4x?

What if you did hold till it past 10x and then the next week it crashes to 2x?  Would you be on here saying you should of sold at 10x?


Is BTC going to go to $900,000 and we all should never ever sell ever ever?

[Scoobypup]

None of that matters. You simply do the math for when your miners will stop being profitable (when you'd stop mining), and instead buy btc and hold until that time. You will always end up more profitable that way than if you buy hardware to mine.
I didn't do this the first time and instead bought miners from KnC. I will now be lucky if I make half as much btc as I could have if I just bought it at the time I placed my order. The only true winners in the mining game are those who make the miners. The rest are just chumps regardless of how you try and spin it.

[madsusies]

if they use bit pay only again and sell out in 3 minutes. I'm coming to sweden and burning down their offices

GIVE US MORE HARDWARE !!!



  the image posted in October came to my mind, had to repost it

It's insane investing 5k in Btc and wait for day D when bitcoin jump up and down in value of 100$, meanwhile i doubt they will sell October type of board better investing in new next jupiter (hope paiment in $). The last news looks for me like type from USA? It appeared between 10pm and 4am WTF

[joeventura]

The thought process is fairly easy in my case, will I make more BTC by reinvesting them, or should I just hold onto my BTC? In this case, since the price went up 7-8x, I should have held my BTC.

You assume you would keep those BTC through all the ups and downs of the market and not sell?  What if you bought BTC and sold when it went up 2x or 4x?

What if you did hold till it past 10x and then the next week it crashes to 2x?  Would you be on here saying you should of sold at 10x?


Is BTC going to go to $900,000 and we all should never ever sell ever ever?

Like any good investment you dollar cost average in, and do the same going out.

When you have a basis for your BTC of about $100 per (assuming you bought some) and its $850 today, if you don't start slowly getting out then you are just a greedy bitch who doesn't know what they are doing.

I have X in cold storage and now I just start selling when the price is favorable every few days.

You don't get the "R" in ROI unless you take some profit.

[DPoS]

None of that matters. You simply do the math for when your miners will stop being profitable (when you'd stop mining), and instead buy btc and hold until that time. You will always end up more profitable that way than if you buy hardware to mine.
I didn't do this the first time and instead bought miners from KnC. I will now be lucky if I make half as much btc as I could have if I just bought it at the time I placed my order. The only true winners in the mining game are those who make the miners. The rest are just chumps regardless of how you try and spin it.

In the simple situation you and many others keep repeating, yes.   But there is a whole other side of cost-basis, time-value-of-money etc that I won't bother to bring up.  If you understand you understand, if you don't then that is why Wall Street & FED never has to worry about the masses rising up against them

[kronut]

You assume you would keep those BTC through all the ups and downs of the market and not sell?  What if you bought BTC and sold when it went up 2x or 4x?

What if you did hold till it past 10x and then the next week it crashes to 2x?  Would you be on here saying you should of sold at 10x?


Is BTC going to go to $900,000 and we all should never ever sell ever ever?

This is actually a great point, who knows if I would have sold in stead of investing in equipment, with it stuck in hardware, at least I can't spend it on something else.

BTW, anyone up for the frankenminer? : http://www.ebay.com/itm/301026517238

[merv77]

anyone getting weird results/hash rate at eligius

EDIT. they seem to be down for me at moment.  Are being DDoS'd?

[monsieur]

anyone getting weird results/hash rate at eligius

I gave up on Eligius a day ago. Can't stand all the variance, and luck seems to be crappy lately. Switched to 7.5% fee BTC Guild PPS for now.