My opinion is: sue them in small claims! It will be fun! If you are in America, some states allow a lawyer in small claims court, if you wish.
They will have to task their lawyer to fight it. So, it will cost them more than you, if you do it yourself.
You can't really lose doing this, other than some of your time, since it is often a guaranteed win. They will usually tell the company to try to settle beforehand, and most companies usually will to keep from wasting time. However, as part of the settlement, you may be prevented from suing them again in the future.
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650 BTC for rigs 1-4
Apparently he is ignoring you, not sure why though. Perhaps there is an OCD complex that forbids him from selling half the rigs instead of the whole lot.
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I'm a little bit nervous as I have not received an email confirmation from Bit-pay, no confirmation from BFL, and I'm out ~209 BTC :|
Here's hoping they just got slammed again with orders on this stuff, they are a small operation, it's going to take some time to sort things out, and nothing sinister is afoot.
You should have gotten an email instantly, if you used Bit-pay.
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My occasional use of "teh" has usually been as a gerund, usually expressed as "is teh sux, bro". Limited mainly to IRC conversation.
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maybe many p2pool miners have the problem with "LOST CONTACT WITH BITCOIND FOR 1.3min" ^^ i think this could explain longer round lengths
is there any solution for this problem? will bitcoin0.7 help? does bitcoin0.7 even work with p2pool?
It is 0.6.2 issue, load 0.6.99 and it is gone. 0.6.3 has been released, I assume it also contains the fix.
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According to their website, I am not in the wait time yet, because I have not paid (due to them not giving me wire info) From their website: Please be aware that your order date is set at the time payment is received Whoops, didn't notice that. Lame.
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Once all this new 'allegedly' available asic tech comes online the network will be a shit ton stronger against this sort of attack.
so BFL = savior of the blockchain and BFL = destroyer of miner's dreams
If it materializes, then yes pretty much. Along with Vladimir's proposed ASIC farm, the difficulty in the future is going to be damn high.
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I've not heard of anyone getting emailed wire information for this preorder. One person who I have talked to had a pretty early order number, but still hasn't gotten wire instructions.
I'm at #1798 and #1800 and have not received my wire info yet. So my 1798 will now become 2100 or some shit. I doubt they will cause you to lose your place in line because of themselves not giving you wire info.
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ahh, thought they could atleast cheat the difficulty. Soo, if they had the hash power to build a matching chain would they not make more money by just mining thereal chain? Or would the benefit have to be not neccesairly motivated by money then?
haha, I love the fee extortion idea. ;p Why not, it seems someone actually doing this would have to be a bit bonkers to begin with. ;p
Well at that point, they would have all the coins mined from their fake chain which has now been accepted as real, as well as whatever they were able to bilk out of the merchants that they fleeced with a double-spend. In other words, a shit ton of coins.
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Sweet, that's handy. I'll be sending a tip over soon.
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Aye, so pretty much like I'm imagining then. Sooo, how many merchants are able to deliver a product before the blocks resume and the chargeback happens. I mean if the 51% is sustained long enough to be noticed by devs would we not be able to fork from it?
You don't know until it's too late. The attacker starts mining on a chain of their own, without broadcasting the blocks to the network. They could be 100 blocks ahead of us right now, and you wouldn't know it. On their chain they're still in possession of their bitcoins, while they spend them all on our chain. When they're happy with the fruits of their spending frenzy, they unleash upon us their chain, which is immediately accepted because it is longer. ahhhh, I see. So the only other hurdle for them is building a chain to match the length of the current one before joining? Of course they can likely do this all at difficulty 1? The chain building must conform to the current network parameters, including difficulty. It must be built without leaking onto the internet at any point (slightly difficult), and if it doesn't match what the network expects when it is released, that would cause it to be rejected and all that hash power wasted.
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So if you've increased 3 times in 5 days, you've made 3x2016 blocks in 5 days. That's 6048 blocks or 302,400 bitcoins. Now you see why people are having wet dreams.
Have fun cashing out.
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Remember that even with 51%, no attacker can spend your or others' coins. They can only spend their own, prevent your transactions from occurring, and roll back your and others' transactions at will. That last part becomes more and more difficult with the passing of time, and depending on how much hash power the attacker has.
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I am still foggy on what the whole VC funding comment was about. What did they need VC funding for if they received over $400,000 in pre-orders in a weekend? What do they use that VC funding for then?
ASICs can cost $millions, depending on what process is used.
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Nice job of revealing the pre-order statistics for everyone to extrapolate from. So, more than $300k in sales on one preorder day? That's a lot of rigs.
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If some magical device came along that could do petahashes per second, keep in mind the following information: Blocks can be created as fast as your hardware will go, you could create 100 of them within 10 seconds if your hardware was that fast. However, there are 2016 blocks per retarget interval, so the maximum number of blocks that could be created before the difficulty was adjusted would be 2016. Currently, that is BTC100,800.00 plus fees, at BTC50 per block. If you created all 2016 blocks within 1 day, the difficulty would jump in order to fix the generation speed. But there is another factor to contend with: The difficulty cannot rise more than four times the current value per retarget interval - so the current value is 1726566.5591935 and four times that would be 6906266.236774. It would continue to rise in 4x jumps until the block creation rate was 2016 blocks per 2 weeks, as it should be. Just for laughs, I'll use my 2016 blocks per day example for some calculations. 2016 blocks per day is 14 times as fast as the network wants to go, so at the end of day one the diff would rise at the max rate of 4x. Now that 2016 blocks takes 4x as long to create, it will be 4 days before the next retarget interval. 4 days is still 3.5x as fast as the network wants to go, so at the end of 4 more days the diff will rise again, but this time by 3.5x. Now, the diff is 14 times higher than it was 5 days ago, and the block creation time is now back on track to where it should be. Therefore, in 5 days of mining, the network has adjusted the difficulty to neutralize this hashing monster, and keep the block flowing at a steady pace. The trick now is what happens when he stops mining. At that point, the network is 14x higher than it should be, so it could take a while to get back to normal.... P.S. If I have made any blatant mathematical errors, I'm sure the smarter folks here will helpfully point them out. Please and thank you
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cgminer uses some kind of averaging mechanism that isn't very smooth, so it fluctuates a bit.
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I'm not sure how you were able to confuse "envy" with "hate", but whatever.
Why the hate then? If BFL actually delivers products they announced with those specs and prices, no longer will anyone bother with using their botnets for mining bitcoins (unnecessary increased risk of detection, even after taking necessary precautions). I wasn't hating because they were mining (it increases network security), but I was hating because of the principle of the thing, where the botnet owner has commandeered the resources of an unsuspecting user and is using them for his own gain, frequently at the cost of the user directly. The operator itself is nothing more than a lazy slob that can't be bothered to make an honest living.
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Click Quote to see how I did it. Imgur.com will generate clickable thumbs to the full size pics, to reduce wasted bandwidth.
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Botnet operators need to be strung up on wires by their toenails and beaten with red-hot pokers.
You seem to be envy them? I'm not sure how you were able to confuse "envy" with "hate", but whatever.
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