ok ok - I'll offer 12.25 - you should at least get what you paid for it =P

Well good news is we can buy the w/ source bundle... bad news is it's double the price.

I'm debating spending the bitcoin just to check it out. So good move re:potential sales.

Now it just becomes a question of 'when will it support vircurex' ?

My other question is - I assume it supports logging on whatever it does to file in realtime, right?

I think, without any way to track down the 'owner' you should have no compunction about keeping it. But hey if you'd like to start a small charity fund with some of it feel free to toss me PM. I'm doing largely mildly-speculative investment management for my family and friends - mostly just arbitrage, and you're welcome to park some coin with me for awhile and see how it grows.

Well, all I can say is - I got my fpga order ahead of the estimated delivery date. And promptly ordered sc upgrades when they were offered. I know BFL intends to deliver my SC products as well. Sure it would have been nice to have them last year... but you guys aren't putting rounded corners on a cell phone here... or reinventing something that's already been done 1000 times before - you're creating a cutting edge product. I understand how much work and time that can take. As an aside, I find it highly ironic given all the obstacles BFL has had to overcome in the last year to get the products shipping, that the other guys are still behind on mh/s/j. Mythical mismanagement issues aside...

Speaking as a customer my only discontent with BFL was the previous lack of communication with customer. So I just wanted to take this chance to publicly thank you specifically Josh for going above and beyond on correcting that, it's really nice to get updates and your actual customers really do appreciate all of your hard work (not to mention everybody else at over at BFL).

I wonder why there are still idiots saying that BFL is a scam now that they've started shipping.

I'll offer 0.1

I'll toss you 10btc for it.

Escrow status will have to depend on you providing proof of the paid order (via remote screenshare with me) and also a sales contract notarized along with your ID & address information. If you're able to prove the order and I've received the notarized documents you can have the btc without escrow.

This is his second attempt at this obvious scam. Now he's using multiple accounts. Buyer beware.

He got a couple of things right by accident.

Change to asic will tank the price - as difficulty is still moving up steeply, we're making coins faster than we're supposed to (adjustments every 10 - 12 days instead of ever 14). Some (probably the majority) of those miners will sell coins to get 'instant roi' on their new gear. That's round 1... once that's over some portion (probably the minority) will immediately buy more hardware and try to do it again. This cycle will repeat until the price goes down faster and faster...

But, at some point the dropping price will create enough of an roi gap that they won't want to sell immediately. This is already happening as evidenced by some of the (insane?) offerings to sell avalon machines at 10000% markups. Those guys want out and will at some point break the re-investment cycle.

The smart money is slowly buying as the price gets lower. The smart miner has already ordered all his asics and won't be cashing out immediately once he gets them... instead he'll be purchasing more mining hardware slowly over time (in a percentage equal to the difficulty increase percentage) to protect his income.

This is the real stress test of the network. If bitcoin survives the jump to asic then it's unkillable and will be here forever.

This is what people in the know think of litecoin.

http://www.quickmeme.com/meme/3uvj4r/

 
Correct - the problem with larger process and power hungry hardware is it's longevity. This is why BFL is still winning the race even though they've just started shipping.

Nothing in this thread is new information. We've always expected a spike in hash rate and difficulty upon asic release... followed by a low btc price because of miners cashing out to recoup investments.

The only real question is: after how many cycles will it end?

If you got a BFL single in the next 2 week - it would pay for itself in the first week. Even with new prices - and assuming BFL had stock on hand to ship - how many weeks before the difficulty gets so high that you don't think it's reasonable to buy more hardware. This is what we're dealing with.

But then - the weak hands are already buying inferior tech in a mad race to see who bankrupts themselves first. In some period of time (as the btc price crashes low and velocity slows way down) how many of them will turn of their miners - how many will sell them. (hint: you're seeing people trying to unload avalon hardware for insane markups already). How many will simply run the miners in the red... paying electricity out of pocket to accumulate bitcoin?

The only valid moves at this point are to buy as much 'most power friendly' asic gear as you can afford and mine with it until you've recouped all costs. That or just stop. The sooner the idiots figure this out the more stable the global hash-rate will become.

Even assuming they registered with your email address... how would they have enabled the account without confirming email address?

Maybe you're just not remembering it... or it's some glitch on the exchanges side. Either way I say... enable second factor authentication and count yourself lucky... since trying to source the other 'owner' of your account seems nearly impossible.

Same boat I'm in - have early orders for singles. If they keep the same relative schedule that they did with the jalapenos I'll have mine within the month.

There's a meme for that http://www.quickmeme.com/meme/3uvj4r/

have fun everyone.

http://www.quickmeme.com/litecoin-miner/?upcoming

True but a single would roi in under a week.

Finally some ethics showing through.

To all the rest of you (most especially tradefortress) - you let one asshat use your reputation and/or goodname to attack another asshat... and imo its cost you must more than the effort was worth.

I agree - moreover, scrypt coins are doomed to failure by their very design. You cannot design a digital process that someone isn't going to be able to build hardware... to perform faster for less power. So if litecoin (for example) ever saw some decent numbers in it's price (say between 7 and 15 bucks a coin) almost immediately someone would come out with an FPGA to mine it and the entire thing would go tits up.

I chose to sell off my GPUs this month (yes they're already sold) - I'm not interested in mining alt coins with GPU. Frankly 2+ years of that noise should be enough for anyone. I have not (as of yet) replaced any of my lost hash rate with overpriced and under performing (but instantly available) asic devices. I'm debating simply holding the bitcoin for awhile. I do have early orders with BFL for enough singles to not make the missing hash rate matter if bfl delivers this year. Until then (or something else becomes quick to get and has good power profile) I'll be fine with my reduced electric bill.

The only rule for buying mining hardware now is most mh/s/j wins.

We're just getting out of the 'bad old days' of bitcoin mining and I don't understand miners who are willing to put themselves through that again for an alt coin that's clearly inferior to bitcoin.

AH HAHAHA

~ ok that was a good one. I haven't had a laugh that nice since I saw avalon's power consumption and price points.