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Re: *** Saturn-Jupiter Upgrade *** from kncminer.com only 13 more available?
Looks like Saturn-Jupiter Upgrade will sellout soon.
Appear to have sold 26 in the last 12 hours with 13 remaining (based on available stock number).
BTW KNCMiner appear to have sold around $1.25 million worth of machines in the last week 60% being Jupiters.
Appear to have sold 26 in the last 12 hours with 13 remaining (based on available stock number).
BTW KNCMiner appear to have sold around $1.25 million worth of machines in the last week 60% being Jupiters.
Could you tell me where can I found the available stock number?
Place an order for say 10000 units of item you want. Will then show exceeds available stock & provide maximum number you can order. For example under quantity for Saturn-Jupiter Upgrade states " there are only 12" currently.
*** Saturn-Jupiter Upgrade *** from kncminer.com only 13 more available?
Looks like Saturn-Jupiter Upgrade will sellout soon.
Appear to have sold 26 in the last 12 hours with 13 remaining (based on available stock number).
BTW KNCMiner appear to have sold around $1.25 million worth of machines in the last week 60% being Jupiters.
Appear to have sold 26 in the last 12 hours with 13 remaining (based on available stock number).
BTW KNCMiner appear to have sold around $1.25 million worth of machines in the last week 60% being Jupiters.
Re: Blockchain.info - Bitcoin Block explorer & Currency Statistics
Can someone tell me when the hash rate chart figures are set each day?
During the day they change constantly & I'm wondering if there is a set time of day the value for that day is set?
Who records it (I assume automatically). Are there different keepers of these statistics (multiple site each recording there own) or one official record?
During the day they change constantly & I'm wondering if there is a set time of day the value for that day is set?
Who records it (I assume automatically). Are there different keepers of these statistics (multiple site each recording there own) or one official record?
So is it a good news or a bad news? It is harder to obtain bitcoins, thus probably new investors would buy them, the price should raise.
Bitcoin price IMO is mostly unaffected by mining. When people shut off miners the difficulty drops. Even a smaller number of miners prior to a difficulty drop would process the transactions allowing market to perform as normal.
How many coins miners sell & when does have an impact. The scale of the market determining the resulting impact. Large conversions of coin to USD to pay for hardware might explain any weakening of bitcoin value from time to time.
Quote
However many people ordered ASICs long ago. When they receive the hardware, they will run it. Difficulty adjustment has some lag too.
Due to lags in ASIC delivery, difficulty adjustments and price fluctuations, it is quite possible that at some point mining won't be profitable and most miners will switch off their mining hardware after difficulty adjustment. So we'll need to wait hours for block to be found and months for the next difficulty adjustments. Higher confirmation time will move the bitcoin price down and make the situation even worse.
Is this scenario probable?
ASICs rely on low enough difficulty to recover purchase cost. Due to lags in ASIC delivery, difficulty adjustments and price fluctuations, it is quite possible that at some point mining won't be profitable and most miners will switch off their mining hardware after difficulty adjustment. So we'll need to wait hours for block to be found and months for the next difficulty adjustments. Higher confirmation time will move the bitcoin price down and make the situation even worse.
Is this scenario probable?
With low running cost relative to return most ASICs will just be kept running or be sold to someone who will run them.
Hardware investment is the issue. Miners will be expecting good returns. Ultimately if poor returns (an overall loss) this may lead to reduced enthusiasm for bitcoin.
A miner is less likely to invest in the coin or recommend it if their first recollection is of losing (meaningful) money.
Another issue is people who mine can be enthusiastic promoters. Those without the money for specialist hardware may mine other types of coin taking to promoting & supporting other coins instead of Bitcoin. This is the real problem if the breadth of the market (real world uses other than speculation) doesn't continue to grow.
With a 59% or more rise in difficulty next increase (https://blockchain.info/charts/hash-rate) I wonder whether I should cancel my
How did you come up with 59%? The next difficulty increase is predicted at 20% in a few hours time.
Difficulty change is based on speed of last 2016 blocks solved. Current set was due for completion on 25th.
If 297TH/s figure I saw becomes average over next 2016 blocks they'll be solved very quickly. Then my estimate would apply for the following set of 2106 blocks.
BTW: hash rate has dropped back to 256TH/s. Someone was testing a lot of capacity.
With a 59% or more rise in difficulty next increase (https://blockchain.info/charts/hash-rate) I wonder whether I should cancel my Saturn order?
All manufacturers seem to have large orders due to be shipped before KnCMiner ships so Jumps of 110,000GH/s per fortnight may continue several more times if not each difficulty change.
Current jump is more than total capacity beginning of June!
I had been thinking of upgrading Saturn to Jupiter. Now it's unlikely. More likely I cancel during next few weeks while I still can!
Hopefully their planned March 2014 offering will make a good investment & ROI.
All manufacturers seem to have large orders due to be shipped before KnCMiner ships so Jumps of 110,000GH/s per fortnight may continue several more times if not each difficulty change.
Current jump is more than total capacity beginning of June!
I had been thinking of upgrading Saturn to Jupiter. Now it's unlikely. More likely I cancel during next few weeks while I still can!
Hopefully their planned March 2014 offering will make a good investment & ROI.
Based on this, the game is over. No point in anyone buying any ASICs anymore as they will never return anything worthwhile, so not much point in anyone thinking about building a next gen machine never mind selling one as they are always going to be fighting a losing battle?
IF a KnC machine that's not even built yet can't profit, why would the next gen be any different?
Same thing as when CPU, GPU, FPGA & ASIC gen1. Will be reduction in pricing & increase in performance.
BFL offered 4.5GH to start raising this to 1,500Gh/s (when they thought they could build it into one machine). Gen2 will probably start close to 1Th/s maybe around Mercury pricing if the growth continues. And we only have to wait till March!
BTW my difficulty projection is off by one cycle. Will be following set of 2106 block hit by recent days huge increase if maintained.
Just checked current hash rate (https://blockchain.info/charts/hash-rate).
Was shocked to see rise since July 11th is more than total capacity beginning of June!
Jumped 110,000 GH/s, since July 11th
Current Difficulty: 26,162,876 next difficulty(?) 41,577,173 59% rise[/color]
Few of the recently made chips will have made it to assembly lines yet. May more jumps of this quantity (not percentage) are likely.
Hope my October order for new ASIC can achieve ROI. May be unlikely when all manufacturers have shipped their current orders.
Was shocked to see rise since July 11th is more than total capacity beginning of June!
Jumped 110,000 GH/s, since July 11th
Current Difficulty: 26,162,876 next difficulty(?) 41,577,173 59% rise[/color]
Few of the recently made chips will have made it to assembly lines yet. May more jumps of this quantity (not percentage) are likely.
Hope my October order for new ASIC can achieve ROI. May be unlikely when all manufacturers have shipped their current orders.
where did you pull that number?
http://bitcoindifficulty.com/
says Next difficulty (estimate): 31,387,911
Hash rate 275,719 GH/s (https://blockchain.info/stats) was 297,621GH/s when I looked half an hour ago.
Using formula (https://en.bitcoin.it/wiki/Difficulty) D * 2**32 / 600 = H or Hash rate / 2^32 * 600 = Difficulty
so 275,719GH/s / 2^32 * 600 = 38,517,000
Im quite sure it doesnt use the spot hashrate and is averaged over last 2016 blocks
Your right, it will be the following change when the average increases over the next 2016 blocks.
Thing is, the increase will mean these are solved very quickly way ahead of time. So if we are seeing 275TH/s to 297TH/s before the next set of 2016 blocks what will their average be when they are solved?
With a 59% or more rise in difficulty next increase (https://blockchain.info/charts/hash-rate) I wonder whether I should cancel my Saturn order?
All manufacturers seem to have large orders due to be shipped before KnCMiner ships so Jumps of 110,000GH/s per fortnight may continue several more times if not each difficulty change.
Current jump is more than total capacity beginning of June!
I had been thinking of upgrading Saturn to Jupiter. Now it's unlikely. More likely I cancel during next few weeks while I still can!
Hopefully their planned March 2014 offering will make a good investment & ROI.
All manufacturers seem to have large orders due to be shipped before KnCMiner ships so Jumps of 110,000GH/s per fortnight may continue several more times if not each difficulty change.
Current jump is more than total capacity beginning of June!
I had been thinking of upgrading Saturn to Jupiter. Now it's unlikely. More likely I cancel during next few weeks while I still can!
Hopefully their planned March 2014 offering will make a good investment & ROI.
Your estimates are highly exaggerated. You'll see tonight
Yip, your right.
Have since learned difficulty changes based on speed last 2016 blocks solved. Current set was due 25th so completed way to quickly.
If 297TH/s figure I saw becomes average over future 2016 blocks they'll be solved very quickly. Then my estimate will apply. Only off by a week or so
Um, the app I am using says: 31307692 in 0.4 days (that is today).
So, not as high as you predict, but still a jump of over 5000000.
So, not as high as you predict, but still a jump of over 5000000.
Hash rate (https://blockchain.info/stats) is now 275,719 vs 297,621 GH/s @ 7:30 am.
The difficulty is adjusted every 2016 blocks based on the time it took to find the previous 2016 blocks. Original estimate had blocks completed 25th not today. Peek I saw will vary. If maintained, difficulty rise will catch up to my estimate very quickly.
Just checked current hash rate (https://blockchain.info/charts/hash-rate).
Was shocked to see rise since July 11th is more than total capacity beginning of June!
Jumped 110,000 GH/s, since July 11th
Current Difficulty: 26,162,876 next difficulty(?) 41,577,173 59% rise[/color]
Few of the recently made chips will have made it to assembly lines yet. May more jumps of this quantity (not percentage) are likely.
Hope my October order for new ASIC can achieve ROI. May be unlikely when all manufacturers have shipped their current orders.
Was shocked to see rise since July 11th is more than total capacity beginning of June!
Jumped 110,000 GH/s, since July 11th
Current Difficulty: 26,162,876 next difficulty(?) 41,577,173 59% rise[/color]
Few of the recently made chips will have made it to assembly lines yet. May more jumps of this quantity (not percentage) are likely.
Hope my October order for new ASIC can achieve ROI. May be unlikely when all manufacturers have shipped their current orders.
where did you pull that number?
http://bitcoindifficulty.com/
says Next difficulty (estimate): 31,387,911
Hash rate 275,719 GH/s (https://blockchain.info/stats) was 297,621GH/s when I looked half an hour ago.
Using formula (https://en.bitcoin.it/wiki/Difficulty) D * 2**32 / 600 = H or Hash rate / 2^32 * 600 = Difficulty
so 275,719GH/s / 2^32 * 600 = 38,517,000
With a 59% or more rise in difficulty next increase (https://blockchain.info/charts/hash-rate) I wonder whether I should cancel my Saturn order?
All manufacturers seem to have large orders due to be shipped before KnCMiner ships so Jumps of 110,000GH/s per fortnight may continue several more times if not each difficulty change.
Current jump is more than total capacity beginning of June!
I had been thinking of upgrading Saturn to Jupiter. Now it's unlikely. More likely I cancel during next few weeks while I still can!
Hopefully their planned March 2014 offering will make a good investment & ROI.
All manufacturers seem to have large orders due to be shipped before KnCMiner ships so Jumps of 110,000GH/s per fortnight may continue several more times if not each difficulty change.
Current jump is more than total capacity beginning of June!
I had been thinking of upgrading Saturn to Jupiter. Now it's unlikely. More likely I cancel during next few weeks while I still can!
Hopefully their planned March 2014 offering will make a good investment & ROI.
Just checked current hash rate (https://blockchain.info/charts/hash-rate).
Was shocked to see rise since July 11th is more than total capacity beginning of June!
Jumped 110,000 GH/s, since July 11th
Current Difficulty: 26,162,876 next difficulty(?) 41,577,173 59% rise
Few of the recently made chips will have made it to assembly lines yet. May more jumps of this quantity (not percentage) are likely.
Hope my October order for new ASIC can achieve ROI. May be unlikely when all manufacturers have shipped their current orders.
Was shocked to see rise since July 11th is more than total capacity beginning of June!
Jumped 110,000 GH/s, since July 11th
Current Difficulty: 26,162,876 next difficulty(?) 41,577,173 59% rise
Few of the recently made chips will have made it to assembly lines yet. May more jumps of this quantity (not percentage) are likely.
Hope my October order for new ASIC can achieve ROI. May be unlikely when all manufacturers have shipped their current orders.
Considering their Sept ship date and the incoming rise in difficulty?
Hash rate has jumped to 297,621Gh/s from 187,281GH/s since July 11th a 59% rise in 10 days!
This is only the beginning of huge spike in ASIC deliveries. No machine will repay investment if delivered in October!
KnCMiner's machines are likely to be delayed even if only slightly. Is expected with a complex & advanced machine as is being offered. Especially considering even existing proven manufacturers are delivering late.
I have an order & am still worried about coming difficulty rises resulting in negative ROI.
Set July 11th based on hash rate: 187,281 GH/s, current Difficulty: 26,162,876
(https://blockchain.info/charts/hash-rate)
Hash rate as of today 297,621 GH/s result's in future difficulty: 41,577,173
Likely to go higher before next adjustment due around July 24th 2013
(https://blockchain.info/charts/hash-rate)
Hash rate as of today 297,621 GH/s result's in future difficulty: 41,577,173
Likely to go higher before next adjustment due around July 24th 2013
After reviewing The Genesis Block article (http://thegenesisblock.com/latest-shipment-of-avalon-asics-could-increase-network-hashrate-by-500/) I have been able to work out total number of chips likely to have been ordered.
I Used the photographs released by Fujian Yan Tan, a retailer of Avalon ASIC boards. Plus a photo of an Avalon tray. Along with the shipping tracking details (http://www.track-shipments.com/track-trace.aspx?pref=AWB&awbno=87150508076).
135 boxes in 24 outer shipping boxes with 11 trays per box.
Each tray 10 x 26 chips = 386,100
Shipment weight is 853kg making outer 24 boxes 35.5kg, inner boxes 4kg & tray approx 0.5kg.
Hashing power:
Chips support 282MH/s to say 450MH/s giving range of 108,880GH/s to 173,745GH/s total
Donations (1MdvZGoGBMVZShaoZhgdYBfYrpPicJ8RaW) appreciated as it took a lot of detective work & analysis to end up with this seemingly simple number.
This information takes away the speculation the Bitcoin Network Hashrate could rise by 500% previously discussed in some news articles & postings.
I Used the photographs released by Fujian Yan Tan, a retailer of Avalon ASIC boards. Plus a photo of an Avalon tray. Along with the shipping tracking details (http://www.track-shipments.com/track-trace.aspx?pref=AWB&awbno=87150508076).
135 boxes in 24 outer shipping boxes with 11 trays per box.
Each tray 10 x 26 chips = 386,100
Shipment weight is 853kg making outer 24 boxes 35.5kg, inner boxes 4kg & tray approx 0.5kg.
Hashing power:
Chips support 282MH/s to say 450MH/s giving range of 108,880GH/s to 173,745GH/s total
Donations (1MdvZGoGBMVZShaoZhgdYBfYrpPicJ8RaW) appreciated as it took a lot of detective work & analysis to end up with this seemingly simple number.
This information takes away the speculation the Bitcoin Network Hashrate could rise by 500% previously discussed in some news articles & postings.
A cypriot business will offer the easiest and most convenient ways to access and use Bitcoin by the general public and merchants in Cyprus as a response to the lack of confidence in the traditional banking sector. They say "The population is not too large to bring about widespread changes and it is also not too small to go unnoticed globally."
Cyprus has a population of 1.117 million, the core nationality groupings of the population are, Greek Cypriots, Turkish Cypriots, British citizens and Russian citizens. The key areas of population are, Nicosia (Capital City), Paphos, Limassol and Larnaca. The percentage of households in 2012 with internet connectivity was 70%.
Will be interesting if it gets off the ground. Discussion alone could lead to other countries facing financial crises having the idea adopted in some fashion.
Cyprus has a population of 1.117 million, the core nationality groupings of the population are, Greek Cypriots, Turkish Cypriots, British citizens and Russian citizens. The key areas of population are, Nicosia (Capital City), Paphos, Limassol and Larnaca. The percentage of households in 2012 with internet connectivity was 70%.
Will be interesting if it gets off the ground. Discussion alone could lead to other countries facing financial crises having the idea adopted in some fashion.