Haha, Quit raging on other members, You dont make yourself look boss.. IMO.  Jesus motherfucking CHRIST but you are an annoying twat. Welcome to my ignore. |
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Hey pheonix and maui, you guy willing to post a pic of yourselves with today's newspaper? That would pretty much prove you've got nothing to hide.
No, it wouldn't prove anything. If you refuse, that's also pretty conclusive. No, it wouldn't. |
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You should cloud mine. You dont have to worry about the hardware. You pay for it and then they run it for you, works great for me. Check my signature for more info  It's true that there's a sucker born every minute. |
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PS. You don't know how to read military time. I think you should take a closer look at what you posted. |
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that is just in 3 hours mining for free You're showing 20 cents over nine hours, actually. Einstein Oooh, ouch. ?...how much did you pay for your miner and how much did you mine out of it? LOL. How much electricity do you use watching your 53 cents per day accumulate? Oh, BTW, what's the minimum withdrawal threshold from cex.io? And what's the transaction fee? Yeah. |
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Just because no one previously had a 20nm fab facility, does not mean that one has been built or is being built now. Of course if one was being built it would certainly be kept secret, until the announcement. Oh, ffs! One does not just casually put together a 20nm fab, secretly or otherwise. It's a multi-year project with Very Large Equipment orders and never goes unnoticed within the semiconductor industry. Ever. For that matter, creating a 20nm fab for in-house use by an ASIC Bitcoin mining hardware company would be unprecedented. And by "unprecedented", I mean "It's not going to fucking happen". Seriously, use just one tiny piece of the brain you were born with and think about what you're saying. Because from here, you sound like a blithering fucking idiot. /out |
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For me I trade them for profit and mine for free. All mined with free ghs.  Congratulations! You've got BTC0.00024981 there. At the current exchange rate, that's in the neighborhood of 20 cents USD. Truly remarkable. |
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BFL has no soul.
Corporations may be people, but I think the lack of soul is pretty much par for the course. |
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LOL, I would bet on there being plenty of what you call math challenged ppl still around or what I call normal people, after all, if people bought things just based on math and ROI the economy of every free country in the world would come to a screeching halt. It would be the end of free enterprise. Well, I think we've discovered the problem! If those people are what you call "normal", you're most probably one of "them". That makes you retarded, in my professional opinion. In my opinion, that makes you a freak. Only buying things with a positive ROI. I guess you don't own a car, nor a TV, neither do you go to the movies. Nice life. Seriously? You're going to try to say that because other stuff doesn't ROI, GHs purchased on cex.io don't have to either? That's actually your angle here? Okay, this should be fun: Cars and televisions serve a specific utility purpose. What utility purpose, pray tell, do GHs shares on cex.io serve? |
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Yes, there are scenarios where it is win-win. These are niche corner cases, at best. They certainly don't explain the widespread fascination with day trading on cex.io. 1. A buyer wants to invest in coins but has a hard time going through the hoops at Coinbase and other purchasing outlets. Many have had buy orders automatically blocked by Coinbase's automatic algorithm, or may not want to wait 4 days for bank account transfer, or may not want to pay high fees for instant credit card transfer, or may not want to go through the verification process that takes 1-2 days (depending on how long it takes your credit card online to show you pending charges). Mining contracts are a different vehicle of translating fiat to coins, though sometimes at a premium. (A) It's not like mining is going to give you a faster turnaround than coinbase, unless you invest HUGE amounts of BTC into GHs (B) I was not under the impression that cex.io took fiat payment for GHs. Is that not the case? If they don't take fiat, then your scenario is pretty much moot, as you need BTC (or some other coin) in order to buy GHs in order to... mine BTC. And you certainly won't get back as much BTC as you put into it via mining rewards alone. 2. Seller wants cash delivered by different means that BTC withdrawal. Or seller wants to be paid NOW up front for time-value-of-mining. I had to pay for service on my car so I could drive to work. I had maxed out credit cards but was able to quickly sell 30 days of mining for an agreed upon price. Like a futures market, buyer takes on some risk based on difficulty and BTC value calculation (assume operational risks don't exist to simplify the analysis); and seller accepts guaranteed money NOW. (A) I think most sellers only take BTC (as per my point B above) (B) Seller getting money immediately is definitely a motivation, but probably only if they've already run the numbers and discovered their hardware won't ROI. If the seller is in a cash crunch, sure. There's some advantage there. If the seller can wait it out, they'll be ahead in the long run just by mining with it. 3. Buyer has coins with a pool or exchange and needs to increase the balance in order to reach the minimum for cash out. This is usually not a large sum of money but is a common scenario. Given that cex.io until recently could only mine on ghash.io (and I'm not even entirely sure they've even allowed that change yet) then your point is largely moot. Even if someone had a small balance at ghash.io, this still does not account for even a fraction of the cex.io traffic. 4. For large corporate players that buy ASIC gear and rent it out, assuming they have hardware on hand and aren't playing the pre-order scam game, they not only get money up front that they can then re-purpose it. This was the reason why progressive shares worked before ASIC wait times put all of them out-of-business, or forced the into high risk buy-pre-order-and-pray strategies. Frankly, I'm not sure I even understand what you're getting at. Could be I've had too much wine, or it could be that it doesn't make any sense. I will leave out the fraud and tax evasion reasons but you do see buyers with these motivations paying "over market value" for mining contracts. Oddly, that might be the most compelling reason to use cex.io that I can think of. |
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Price looks to be a medium-sized premium over BFL's existing 68nm hardware, which (at this point) will not ROI. So I get where they're going with this, but it's definitely not going to be profitable.
Sadly, that won't stop people from buying GHs. Maybe they'll justify it to themselves by calling it a "hobby".
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... because greed makes people retarded.
I disagree. It's not greed that makes people retarded. It's just that there are loads of greedy retarded people around. I consider myself greedy... but not retarded.. So i stay away from cex.io Fair enough. |
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LOL, I would bet on there being plenty of what you call math challenged ppl still around or what I call normal people, after all, if people bought things just based on math and ROI the economy of every free country in the world would come to a screeching halt. It would be the end of free enterprise. Well, I think we've discovered the problem! If those people are what you call "normal", you're most probably one of "them". That makes you retarded, in my professional opinion. |
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That's right Rebecca. Not to worry. As more people do actual research rather than balking, they too will see that you are legit and sales will take 15 minutes rather than 24 hours to sell out 2,000 units. I am sure some of the users on this forum work for other mining hardware companies too. The other companies are probably freaking out right now, since your machine specs and efficiency specs are amazing and you actually posted a shipping date rather than "Q1/Q2" like some other company we all know. I mean really. Sometimes between Jan 1st & June 30th, was the best timeframe knc could come up with? That is totally ridiculous.
This is, in my opinion, the very epitome of what a sock puppet sounds like. Mauiflipper, you're terrible at sounding sincere. (And the chances of you actually being sincere are nil). |
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If you divide pool hashrate to greater number of individual nodes, then each node has less.
With less power, nodes need more time to generate blocks. There is now greater number of nodes generating blocks instead that one pool before, yes, but on average I think they all will generate new blocks at slower speed. And diff is calculated from the speed (time) new blocks are generated, not from the total hashrate of network. Total hashrate is only estimated, baased on current diff and, again, the speed of generation of the new blocks.
Epic math fail. Care to explain? Nope. I'm having more fun watching you dig yourself into a deeper and deeper hole. |
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You should seriously check the expected delivery dates for the KnC Neptune product, and run the numbers through a competent mining calculator to determine whether you're likely to see an ROI on your investment or not. KnC is very vague (saying Neptunes will arrive in "Q1/Q2") but even if they arrive in March (very, very unlikely) ROI is going to be damn-near impossible.
Everyone bashes on BFL -- even me. That said, most ASIC companies manage to miss their delivery dates, or mislead pre-order customers. It is the nature of the business at this point. BFL is just the most conspicuous example of this.
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You can't compare the price of ghs per ghs of Antminer S1 180 ghs machine to the price you pay to buy a single ghs unit. You got it all wrong. If you want to compare 1 ghs to antminer you have to compare it to the Antminer U1 1.6 ghs USB stick, not to a 180 ghs machine. CEX is not for people that want to buy 200 ghs, unless you are great at trading, it's for people that want to buy a few from them without the hassle of equipment, software, reselling a physical product that its almost worthless in 3 months retarded greedbags who can't do math and don't mind losing BTC in an epic scam, etc. etc. It is also for people to point their miners at ghash..
and if you are smart, you can actually mine for free at cex...the price has not moved much in 3 weeks...that is 3 weeks of free mining as in Zero cost.
Fixed that for you. |
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If you divide pool hashrate to greater number of individual nodes, then each node has less.
With less power, nodes need more time to generate blocks. There is now greater number of nodes generating blocks instead that one pool before, yes, but on average I think they all will generate new blocks at slower speed. And diff is calculated from the speed (time) new blocks are generated, not from the total hashrate of network. Total hashrate is only estimated, baased on current diff and, again, the speed of generation of the new blocks.
Epic math fail. |
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You're not missing anything. I believe that cex.io is able to continue existing solely because greed makes people retarded.
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