Monthly Archives: August, 2013

KNCminer Updates [29 Aug 2013]

Current Difficulty 65,750,060
Est. Diff Increase (Daily) 1.78%
Est. Diff End 2013 640,253,200
Est. Jupiter Online 15-Oct-13
Est. BTC earned End 2013 53.4258965
Current BTC/USD Rate 128.3
Est. USD earned End 2013 6,854.5

New retarget and new numbers as shown above.  It seems like revenue will be dropping as more processing power comes online.  Best thing now is to take ownership of the Jupiter unit as soon as possible and/or hope for difficulty to plateau out for 1-2 retargets.

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KNCminer updates [14 Aug 2013]

Current Difficulty 50,810,339
Est. Diff Increase (Daily) 1.43%
Est Diff End 2013 365,666,551
Est. Jupiter Online 15-Oct-13
Est. BTC earned End 2013 78.05645561
Current BTC/USD Rate 110.6
Est. USD earned End 2013 8,633.04

Wow, what a big jump in difficulty this retarget!  The difficulty jumped more than 35% just to cross the 50 million mark in terms of difficulty.

This will definitely kill off all the remaining miners depending on GPUs and FPGAs who do not have access to free power.

I have also changed the way BTC earnings are calculated and will stick to this method of calculation as compared to the previous method.  I have also hazard a guess that we should have the Jupiter unit up and running in mid Oct and hope the Gods do give their blessings to have this come true.

The other news is that now I am officially a reseller (who isn’t) of KNCminer products so feel free to refer people by using this link.

 

SGMC Venture Update [5 Aug 2013]

Here’s the new predictions after the last difficulty retarget.  Hoping that the difficulty increase to plateau for one or two retargets.  Difficulty is rising very fast and the network hashrate is growing strong.  If this keeps up, we may not ROI that fast after receipt of the Jupiter unit.

Period Beginning Est. Difficulty Growth BTC@400GH USD@400GH
Thursday, October 03, 2013 85265159 17.91% 28.3115418 $2,974.41
Tuesday, October 15, 2013 100536149 17.91% 24.01114562 $2,522.61
Sunday, October 27, 2013 118542173 17.91% 20.36396037 $2,139.44
Friday, November 08, 2013 139773076 17.91% 17.27076618 $1,814.47
Wednesday, November 20, 2013 164806434 17.91% 14.64741427 $1,538.86
Monday, December 02, 2013 194323267 17.91% 12.42253772 $1,305.11
Saturday, December 14, 2013 229126564 17.91% 10.53560998 $1,106.87
Thursday, December 26, 2013 270163131 17.91% 8.93529811 $938.74
Tuesday, January 07, 2014 318549348 17.91% 7.57806641 $796.15
Total 144.0763405 $15,136.66

Meanwhile here’s a quick look at our holdings as well.

SGD (In-hand) 97.56
BTC (Held in Pool) 0.00288992
NMC (Held in Pool) 0.01683428

SGMC : 1PxH5B5KEN1T7NSjyCuf4jRE5Sd1n3anQr