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Showing 20 of 52 results by rebelrat
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Board Mining (Altcoins)
Re: HOWTO: Run 50 gridseed miners off a single Windows 7 x64 machine-w/ downloads
by
rebelrat
on 06/03/2014, 19:41:57 UTC
Great job.  Could you  post a close-up picture that shows the AC connection of the psu and the connections of the Gridseed units to the psu?

Thanks in advance.
Post
Topic
Board Hardware
Re: [Work in progess] Burnins Avalon Chip to mining board service
by
rebelrat
on 05/03/2014, 17:42:28 UTC
Looks like Burnin does have no intentions to ever refund the majority of people - scammer tag well deserved.
Well, I am from Germany, and the next time I will visit there, I will surprise him - that is a promise. Angry
Post
Topic
Board Hardware
Re: [Work in progess] Burnins Avalon Chip to mining board service
by
rebelrat
on 20/12/2013, 09:09:30 UTC
Burnin, it is now more than 4 months since you received our funds in BTC, and the price was much lower then.  
Just holding some of the BTC would have made you whole, not to speak of the losses you cause us by not issuing
a promised refund in a timely manner.  I thought Germans are true to their word, it does not seem that this applies
to you, given your current track record.  Do you plan to ever return all the unearned (stolen) money, or do we have
to apply the scammer tag to you??
You are not really fair to him, he is not a scammer at all.
He didn't receive our BTC, they were exchanged into Euro's the moment you paid via Bitpay.
He has taken a deep hit in his pockets due to the Avalon chip disaster, not his fault, not ours either.
He will do what he has promised in the end, it's only taken way longer than he anticipated.
And I agree with you, his communication should be better and more customer friendly,
but how would you feel after working your ass off for months, only to lose €20.000...

At the very least communicate what is happening.  Keep us informed - he sure did this when he accepted payments.
His communication skills are not much better than the infamous YIFU dog from Avalon - he will get the chi that he
deserves.  So Burnin - let us know what time frame we can expect to be made at least 50% whole.
Post
Topic
Board Hardware
Re: [Work in progess] Burnins Avalon Chip to mining board service
by
rebelrat
on 18/12/2013, 12:07:49 UTC
Burnin, it is now more than 4 months since you received our funds in BTC, and the price was much lower then. 
Just holding some of the BTC would have made you whole, not to speak of the losses you cause us by not issuing
a promised refund in a timely manner.  I thought Germans are true to their word, it does not seem that this applies
to you, given your current track record.  Do you plan to ever return all the unearned (stolen) money, or do we have
to apply the scammer tag to you??
Post
Topic
Board Mining speculation
Re: Is it worth it to get back in?
by
rebelrat
on 28/11/2013, 17:31:04 UTC
Right now LTC mining is the way to go, plus you are not stuck with a proprietary piece of hardware that needs
constant tinkering.  When you are done you can always sell your mining rig as a high end gaming system.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
rebelrat
on 28/11/2013, 07:37:48 UTC
Ok I'm confused...

I thought for the Neptune you could only do Bitcoin or Wire Xfer

yet when I look at the payment options I see Bitcoin or Bank Xfer


Do they mean wire xfer and it is just a translation issue

anyone actually pay straight bank xfer vs wire xfer

there is a difference

thanks

Searing


In the US, a bank transfer is handled by a bank and you have better legal recourse if something happens as
opposed to a wire transfer like Western Union, where it is much harder to recover any funds.


well I was under the impression because it was overseas it was a WIRE XFER only??? or is this just mis-information from god know where on my part?

I'd prefer if it really is .. a bank xfer is just out of my checking account direct..wire xfer is a pain.

anyone pay with FIAT so you can clarify this? via bank xfer?

The reason I is ask is so I can arrange where the $$$ go via which bank I use (one bank only does wire xfer if a certain person is around) the other bank I've not tried a wire xfer with assuming this is what I need to do because overseas....so it is kinda a bank setup question so I don't  have to mess with this on FRIDAY (assuming bank is open day after thanksgiving)and I can just go to the right bank directly....not move $$$ around etc  before hand anyway why I'm double checking this  (although still unsure about purchasing 2 or more Neptunes  but can hedge till FRIDAY assuming the banks are open ..it is thanksgiving in the USA)

I hope it is bank xfer that is more straight forward then a wire xfer (the knc site lists bank xfer just double checking) ..again just clarifying if that is what they really mean because it is international order I thought I could only do wire xfer internationally  (if it is a bank xfer live and learn I can do this internationally ....points for me I learned something new)

Thanks in advance

Searing

Wink
As I assume the money transfer goes straight into KNC's bank account, you should probably use a bank transfer.
I do not think that KNC cares how they obtain your money as long as it ends up  in their bank account. Wink
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
rebelrat
on 28/11/2013, 07:12:41 UTC
Ok I'm confused...

I thought for the Neptune you could only do Bitcoin or Wire Xfer

yet when I look at the payment options I see Bitcoin or Bank Xfer


Do they mean wire xfer and it is just a translation issue

anyone actually pay straight bank xfer vs wire xfer

there is a difference

thanks

Searing


In the US, a bank transfer is handled by a bank and you have better legal recourse if something happens as
opposed to a wire transfer like Western Union, where it is much harder to recover any funds.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
rebelrat
on 28/11/2013, 07:04:06 UTC
Some coins at the moment are 3000% more profitable than BTC.

http://www.coinchoose.com/

More profitable than GPU mining. Not ASIC mining!

GPU mining as I type is more profitable based on price of the coins over the cost of equipment when you factor in longevity of the hardware due to diff potential rise.  the cost of electric, won't be a factor for the next few months for GPU or Asics, his won't come into play again until march 2014, when 1st batch Avalons will start to become obsolete, followed by BFL's, blades and USB asics.  As we all know this will be a game of attrition, In the end mining will only be where electric is free.  

Now...
£2500 gets you (Saturn) 330Ghs = 0.25 BTC a day = £164

£2500 gets you  (13 x 7950) 7000Khs = 5 LTC a day = £110

in 3 months the drop in returns for the Saturn will be much higher that the drop in the 7950's, unless there is some new hardware which is doubtful in that time scale.  Over a 3 month period a GPU farm would be more profitable IMHO and will remain so for longer. Also the GPU will have sell on value after it becomes obsolete for mining.    Of course none of this can be taken seriously, there are just too many possible factors to account for that we have no control over, because tomorrow BTC could be $10000 and LTC $10. As it stands, GPUs look more attractive to me. If LTC does end up as .25 of a BTC what then?  those 100 LTC start to look a lot more attractive and it will be another case of people looking back and thinking "what if"...

I for one won't be buying a Neptune (can't afford it at the moment).  I will wait for a credible Scrypt asic or fpga to emerge, it won't be long now.  and as soon as it does happen and GPU's are no longer effective, scypt-jane coins will get all the GPU power.  

Just my thoughts.

KnC any new plans for a scrypt-fpga?


My sentiments exactly.  If you pre-order a Neptune now, you tie up $10,000 until March or April 2014.  You will not be able to reap any benefits from this tidy sum until March or April 2014 at the earliest.  If you spent $10,000 on HD7970s you will start mining LTC next week and with 4 7970s you are currently earning about 1.5 LTC per day, which at $30 - $40 per coin would earn you about 120 - 150 LTC by March 2014.  You would probably be at break-even after 3 -4 months and at the current price of LTC power cost is negligible unless you run a farm.  Besides, you can trade your LTC for BTC and at the current exchange rate less than 20 LTC buys a Bitcoin. Smiley

I was in Zephyr's Avalon group buy batch 5, but we never received the chips.  Thankfully we were refunded in BTC, and that was my luck as just keeping the coins turned out to be a much better investment than pursuing any Asic mining equipment.  I had pre-ordered a Jupiter but decided not to pursue it while watching the  dramatic difficulty increases in BTC mining.

At the same time I started to run an LTC rig in May (3 HD 7970s) and have completely recovered my cost (about $2,000.-) and with the current prices have almost tripled my original investment.  The 10 BTC that not so long ago only bought 100 Avalon chips are now enough to buy a KNC miner.  But if each coin cost $5,000 in two years you will be sorry as you will lose money.  LTC mining with  GPUs is currently the most profitable mining.  In addition, when I started in May 2013, the  difficulty in LTC mining was around 500.  At this time it is 1500 and will climb to 1700 because of the recent price push.  Compare this to the  BTC ASIC arms race and you see the  difference.  The only people that make money in this arms race are the ASIC miner vendors and large ASIC mining farms.  In LTC mining there is a chance for the small miner, there is none in BTC, especially now.  

If you decide to buy a Neptune, please use Fiat, otherwise you will hate yourself later.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
rebelrat
on 10/10/2013, 16:32:49 UTC
I am not saying KnC doesn't deserve a lions share for the work they have done.  But a little respect for customer ROI would be fucking nice for once.

Even if KnC voluntarily sacrificed its own revenue and profits for its old customers by halting or limiting production, it would hardly matter because Hashfast, Avalon, Bitfury, BFL, cointerra etc couldnt care less about old KnC customers' ROI. Its a race between vendors, and you are getting squeezed.

It's a Gold rush - so remember, in a Gold rush, only the people that sell the shovels get rich Cool
Post
Topic
Board Hardware
Re: [Work in progess] Burnins Avalon Chip to mining board service
by
rebelrat
on 27/09/2013, 05:09:06 UTC
I received the chips from Zefir for batch 3 and up.
I have not received boards from Sebastian's Batch yet.

Once the chips are in hand of my contractor there is not much i can do to accelerate things.
And this week they were down to 1 Machine because of maintenance.
I initially arranged to use 2 contractors simultaneously, to deal with the large number of boards.
The chip refunds cut the board volume to less then half, I had to scale the operation down to reduce costs.  
That also included the shipping contractor.

Regarding bitfury:
I have an exclusive agreement with cryptx until mid October.
Revenue i get on that deal will end up in the refunds.
My 50% refund offer exceeds my current available financial resources.
(all Paypal payments are unavailable)
The refunds are currently suspended because of that.
But I will stand by my word and carry out the 50% as soon as i can.

To any of the "he gets rich" screamers - revenue of this venture so far: about -20.000eur + 4 Months of Work.  Undecided
Not that those people will believe any of my words.


My apologies, and I truly feel bad about your financial loss.  Hopefully you can recover some of your losses through
the Bitfury boards, but then all of us lost on this deal thanks to Yifu - I would not want to have his kharma - he will
get his - sooner or later. 
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
rebelrat
on 26/09/2013, 17:57:42 UTC
The silence of their No.1 salesman does not bode well - this looks like another BFL/Avalon play Sad
Post
Topic
Board Hardware
Re: [Work in progess] Burnins Avalon Chip to mining board service
by
rebelrat
on 26/09/2013, 17:50:27 UTC
Burnin is busy building the hashing farm for Cryptx - wants to get rich quick. Angry
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
rebelrat
on 26/09/2013, 17:13:09 UTC
Sounds like KNC is pulling a page from the BFL/Avalon playbook - like I said do not buy pre-order
ASIC miners - all you do is finance their hashing farms Angry
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
rebelrat
on 26/09/2013, 06:20:01 UTC
The first browser was Mosaic I think :p. Then Netscape, then Infernal Exploder and then FailFox. Safari was still in Steve's ovary. (wow that rhymed!)

I remember I downloaded the Mosaic source code using ftp from CERN then compiled it on my SUN workstation. That was at least long before Netscape or any other browser existed.

What did you download it with?



He used an X-terminal to ftp it.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
rebelrat
on 26/09/2013, 06:16:49 UTC
Welcome to the world class thinkers, "I can get something for nothing" crowd...
http://i.imgur.com/B7qq1U0.jpg

It's not me supporting the guys at the TOP of the PYRAMID! - Not anymore!
So, who is working for the "dark side"? Well, those funding the preorders for the ASIC Companies, who will make THEM Millionaires while making all of you SLAVES, hashing at a fraction of the capacity you bought into, while GIVING ENERGY, (FORCE) to those WHO CONTROL YOU!

For me, No thanks!
I retook my power from the evil dark side of ASIC mining companies.  Cool


My feelings exactly - ASICs opened the doors to the worst scams of them all - this was never possible in the GPU days -
everybody had access to real hardware vendors, not these these wannabe pretenders.  The verdict on KNC is still out,
I did consider them back in May, but decided against it when they pulled the plug on the FPGA Litecoin miner.
Instead I decided to pursue the Avalon group-buy DIY route - with a reputable organizer (Zefir) - well at least I received
a full refund from Zefir - thank you again.

At this time it does not make sense to buy any mining product, especially a pre-order, as all ASIC manufacturers use their
profits to mine, or even worse, use your pre-ordered equipment to mine (Avalon). and then don't even have the decency
to clean them up, before finally shipping them to their customers.

I am not saying that KNC is like Avalon, but their September shipping date is already moved at best to September 30, if
this month at all.  Remember, every ASIC manufacturer is above all else your competition in this game, and they hold
the upper hand.  Angry
Post
Topic
Board Hardware
Re: [Poll] Burnins BitFury miner
by
rebelrat
on 26/09/2013, 05:49:20 UTC
Looks like Burnin went to "the dark side".  Please do not fund Cryptx hashing farm with this Bitfury burner price scam.
Just ask for a refund.  The product is not worth the price, you will not even break even with this price - ROI
- forget about it.  So do  yourself a favor and let them use their  own many to fund their hashing farm.
Post
Topic
Board Hardware
Re: [Work in progess] Burnins Avalon Chip to mining board service
by
rebelrat
on 17/09/2013, 11:24:00 UTC
you people have to start thinking about a legal action, this is not BFL, and burnin is from Germany, there some strong consumer protection law in all EU especially in Germany.


I am sure that Burnin sold the design to these guys for a fair profit and these guys want you to pay for their own mining operation with these prices, because they know exactly that you are fucked and you will have no choice, it is their strategy .

till now I didn't hear a word from burinin about this problem, he logs in and doesn't comment on all what is going on.

Maybe somebody needs to notify Punin from Bitfury about what is going on here, that they are using "forced investors"
money to pay for the chips.  Let's see how he feels about this, and if he wants to take the  risk of accepting funds that
were taken without permission of their owners.  This would cross their entire business model.
Post
Topic
Board Hardware
Re: [Work in progess] Burnins Avalon Chip to mining board service
by
rebelrat
on 17/09/2013, 11:00:02 UTC
They need the margin to finance their "farm"  - this entire asic arms race is getting totally ridiculous.

Burnin does not offer any refunds until mid October, using the pre-order money to create the
new boards and pay for the chips and manufacturing costs.  Then to top it off, the reward for this
"financing" by the pre-order customers is to screw them again with the cryptx deal.  Burnin needs
to come clean and at a minimum offer the pre-order customers boards at cost, as they are the
forced "investors" in this game. Angry


I haven't even looked at the new hardware, i had 10 bitburners on order and haven't received a single email from either burnin or cryptx.

Nothing is clear, and when people invest 1000s into a product it needs to be

He is "taking" our money (I could have used a stronger word) without our permission to fund his new
enterprise.  At a minimum we "investors" are entitled to "dividends" - therefore he owes these people
a decent price at the product of this "joint venture".  Otherwise this will be headed to legal action.
Very unfortunate that Burnin chose this way.
Post
Topic
Board Hardware
Re: [Work in progess] Burnins Avalon Chip to mining board service
by
rebelrat
on 17/09/2013, 10:37:55 UTC
They need the margin to finance their "farm"  - this entire asic arms race is getting totally ridiculous.

Burnin does not offer any refunds until mid October, using the pre-order money to create the
new boards and pay for the chips and manufacturing costs.  Then to top it off, the reward for this
"financing" by the pre-order customers is to screw them again with the cryptx deal.  Burnin needs
to come clean and at a minimum offer the pre-order customers boards at cost, as they are the
forced "investors" in this game. Angry
Post
Topic
Board Hardware
Re: [Work in progess] Burnins Avalon Chip to mining board service
by
rebelrat
on 16/09/2013, 17:32:39 UTC
When I get all this right, Burnin stated his first price before Bitfury raised the price for their chips by 50%

for september delivery price per bitfury chip is 22.5 euros.



That is still only euro 360 for the chips.  Let the board + assembly cost another Euro 120 - Euro 150 -
That's Euro 510 tops.  How to you arrive at Euro 799 just for taking orders and shipping, and that price
is net of VAT and shipping costs.  Cryptx wants to slap another Euro 289 just for that???