Swedish ASIC miner company kncminer.com

[btcspender]

So if every cointerra batch is 5000 2TH miners each batch adds 1.4 billion difficulty? Yikes.

[lemonte]

it's hilarious to think that just because miners piss a hugely lopsided ratio into obtaining newly rewarded coins that all coins in circulation rises...

that doesn't drive the price up..  just drives up the pain for the late to the party miners

I wasn't saying they had a direct correlation, more just talking about advances in Bitcoin as a whole and that only the price wasn't following suit.

[greenbtc]

it's hilarious to think that just because miners piss a hugely lopsided ratio into obtaining newly rewarded coins that the price of all coins in circulation rises...

that doesn't drive the price up..  just drives up the pain for the late to the party miners

Somehow I don't think you know how an economy works

[btcspender]

Has anyone done the math on 10,000-25,000 units @ 1TH? What's that equate to? lol

25000 @ 1TH = 3.5 billion difficulty

So if neptunes don't ship to june and cointerra ship 6 months of 5000 machines @ 2TH about 8.5 billion difficulty just from cointerra.

So if you include blackarrow, bitmine, bitmain, hashfast etc who knows 20 billion+ lol

[RoadStress]

from BTCGuild's Team Rankings...  lookie lookie now

 AntMiner 276,666.14 GH/s
 KNCMiner 231,286.76 GH/s
 Alydian 207,890.13 GH/s


and climbing up fast
Most Shares (All Time)
 
1 KNCMiner 239,569,077,869
2 Alydian 193,744,548,104
3 Team America 61,268,394,803
4 China 60,267,113,130
5 Attrrb 48,771,108,708
6 Canada 48,366,174,551
7 Germany 40,876,292,380
8 Team Holland 36,683,234,072
9 San Diego 31,105,662,958
10 AntMiner 31,028,184,580

Bitcoinorama i know that you said that you have problems sourcing controller boards and KnC already kept 2/3 (nothing shipped December and January) of their miner protection program, but please please sell previous Jupiter customers more Jupiters.

[DPoS]

it's hilarious to think that just because miners piss a hugely lopsided ratio into obtaining newly rewarded coins that all coins in circulation rises...

that doesn't drive the price up..  just drives up the pain for the late to the party miners

I wasn't saying they had a direct correlation, more just talking about advances in Bitcoin as a whole and that only the price wasn't following suit.

what do you think drives up the price?    price discovery for btc is a very mysterious concept.  The more you think about it, the less you know.

The utility is the same whether the price of btc is $1 or $100,000.
Roughly the same amount of coins are mined each hour so the cost of mining them just creates a construct on those coins and a watermark for cost of future mining
But there are so many coins that were obtained for fractions of a dollar. They have to exchange hands at higher prices to create a new cost basis to try to cement a new perceived value

Instead of the petrodollar, could btc one day be the kwattdollar?   Where electricity is set in btc?

If so, then btc can have its own ecosystem and then the price goes through the roof..  but without that, the price is just whatever the whales on the exchanges feel they can keep getting a constant bid on their churn



 

[bobsag3]

from BTCGuild's Team Rankings...  lookie lookie now

 AntMiner 276,666.14 GH/s
 KNCMiner 231,286.76 GH/s
 Alydian 207,890.13 GH/s


and climbing up fast
Most Shares (All Time)
 
1 KNCMiner 239,569,077,869
2 Alydian 193,744,548,104
3 Team America 61,268,394,803
4 China 60,267,113,130
5 Attrrb 48,771,108,708
6 Canada 48,366,174,551
7 Germany 40,876,292,380
8 Team Holland 36,683,234,072
9 San Diego 31,105,662,958
10 AntMiner 31,028,184,580

Bitcoinorama i know that you said that you have problems sourcing controller boards and KnC already kept 2/3 (nothing shipped December and January) of their miner protection program, but please please sell previous Jupiter customers more Jupiters.

Actually Team DZ is now number 10 thank you very much

[DPoS]

Actually Team DZ is now number 10 thank you very much

you are looking at the wrong list.  most shares all time was where i showed antminer as 10 and still 10

right now antminer left BTCGuild (which should really cement that it is one entity not a group of people just adding to a BTCGuild team like KNC's)

thoughts on that?

PS..  now they are listed as only #12 at 22,766.00 GH/s so these may just be the customer side and some farm is bouncing around the large portion.

[newguy05]

the major cause of price gap is still news-driven, which triggers demand, every price gap you can map it to a news release.  The difficulty increase affects btc price in a minor way, in that as it is more expensive to produce btc which gives btc a sense of higher worth, just like other commodities. But mainly it's news that drives btc.  

If the day ever come that amazon accepts btc...watch out

[bobsag3]

Actually Team DZ is now number 10 thank you very much

you are looking at the wrong list.  most shares all time was where i showed antminer as 10 and still 10

right now antminer left BTCGuild (which should really cement that it is one entity not a group of people just adding to a BTCGuild team like KNC's)

thoughts on that?

Well we are #11 on most shares... catching up quick.
And we are a registered company.. just like Bitmain. Not sure how that makes a difference.

[DPoS]

If the day ever come that amazon accepts btc...watch out

not so sure that would be good short term..  if you followed the overstock situation, coinbase turned it into a reverse layaway plan.  They dropped their instant buy from 10btc/week to 1btc/week so if you are trying to shop for anything over ~$80 you will have to wait 5-7 days to buy enough coins from coinbase...  but if you already have 400 coins and want to cash out into items, then that is a lot more selling pressure than buying.

[xstr8guy]

Has anyone done the math on 10,000-25,000 units @ 1TH? What's that equate to? lol

25000 @ 1TH = 3.5 billion difficulty

So if neptunes don't ship to june and cointerra ship 6 months of 5000 machines @ 2TH about 8.5 billion difficulty just from cointerra.

So if you include blackarrow, bitmine, bitmain, hashfast etc who knows 20 billion+ lol

Why are people using 1THs to compute Cointerra's contribution to the network hashrate?  The TerraMiners are supposed to be 2THs each.

[soy]

...standing poised with btc onhand to buy Jupiters...standing poised...standing poised...standing poised...standing poised...

[Powell]

Same waiting for more people selling their Jupiters!

[Phoenix1969]

If the day ever come that amazon accepts btc...watch out

not so sure that would be good short term..  if you followed the overstock situation, coinbase turned it into a reverse layaway plan.  They dropped their instant buy from 10btc/week to 1btc/week so if you are trying to shop for anything over ~$80 you will have to wait 5-7 days to buy enough coins from coinbase...  but if you already have 400 coins and want to cash out into items, then that is a lot more selling pressure than buying.

Exactly why coinbase is for total noobs, and children.   Why would one go to coinbase and establish such a bottlekneck?
It's worthless if you are moving large amounts. Nothing beats a real exchange.
The tiered confirmation system there sucks too. I've been confirmed at all the exchanges...no problem; but when I go to get confirmed at coinbase, I always get rejected, because they always try to ask questions from my childhood, and I don't see how their questions could ever be answered; I'ts like they're asking housing questions from when I was 2yrs old, how the fuzz am I supposed to know that? I gave up after a half-dozen attempts over a two week period...   but no worries with those ridiculous limits, I'm totally stoked with Bitstamp and Camp BX

[RickJamesBTC]

What is a real exchange? Coinbase is great for getting cash into bitcoin and back again. I use exchanges to trade between currencies, but there really isn't another choice to get $$ out of it.

[Phoenix1969]

What is a real exchange? Coinbase is great for getting cash into bitcoin and back again. I use exchanges to trade between currencies, but there really isn't another choice to get $$ out of it.

I can buy & sell as many btc to fiat, or fiat to btc as I want......and the reverse  at Bitstamp & Camp BX. No limits, and low fees...   no shennanigans...  I could sell all XX BTC today, and have cash in my hand in a couple days, no problem with either.
That's what I mean by "Real exchange"
What I wish is for Gox to get the US withdrawals going in a quicker manner again....hehe, now that was cool.

[DPoS]

What is a real exchange? Coinbase is great for getting cash into bitcoin and back again. I use exchanges to trade between currencies, but there really isn't another choice to get $$ out of it.

coinbase was about half-good and now about a quarter-good mainly since only a few options exist for users statewide (as phoenix mentioned)...  OKpay was a nice way to get money into btc-e but they are on hold last I checked..

interesting to see what Circle does when they launch and if kraken ever gets approvals to allow USD from stateside sources

[vesperwillow]

Has anyone done the math on 10,000-25,000 units @ 1TH? What's that equate to? lol

25000 @ 1TH = 3.5 billion difficulty

So if neptunes don't ship to june and cointerra ship 6 months of 5000 machines @ 2TH about 8.5 billion difficulty just from cointerra.

So if you include blackarrow, bitmine, bitmain, hashfast etc who knows 20 billion+ lol

Why are people using 1THs to compute Cointerra's contribution to the network hashrate?  The TerraMiners are supposed to be 2THs each.

...aaaaaaand now you see why some of us didn't have to think twice about not purchasing a Neptune preorder for the insane prices they wanted..

[vesperwillow]

What is a real exchange? Coinbase is great for getting cash into bitcoin and back again. I use exchanges to trade between currencies, but there really isn't another choice to get $$ out of it.

I can buy & sell as many btc to fiat, or fiat to btc as I want......and the reverse  at Bitstamp & Camp BX. No limits, and low fees...   no shennanigans...  I could sell all XX BTC today, and have cash in my hand in a couple days, no problem with either.
That's what I mean by "Real exchange"
What I wish is for Gox to get the US withdrawals going in a quicker manner again....hehe, now that was cool.

I'd never use mtgox to handle fiat mainly because of the delays. Despite their "being fixed" over the past few months, I still hear of random issues.

CampBX always has great reviews and I'd trust them.

Coinbase is just far faster and works well for me. You're up and running in minutes and it's seamless with bank accounts. It's also superb for folks who want merchant capabilities, as it's built-in. There are some limits if you're unverified, but they're reasonable.. 50BTC purchase / 10 BTC sell, per day. For being unverified, that's very reasonable.

I think the limits go away entirely after a certain amount of time being verified.

Fiat <-> Crypto takes 2 days on average.