ROFL. You really dont have a clue, do you? Here is what really happened: einsteins equations of special relativity predicted there would be black holes, even though that seemed insane at the time. It took years to figure that out and understand and decades more to actually find evidence that proved their existence. Thats how science works: you formulate a theory, then figure out ways to prove or disprove the theory. If you can not prove or disprove it, its not science. BTW by now the evidence is overwhelming, from lensing effects to the gravitational pull they exert on nearby stars and entire galaxies. No one sane doubt they exist.

BTW bis, you cant see a black hole with a telescope. Duh.

Have a look yourself:
https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

Cryptx collected his 14.16BTC fees, and there is zero left for divs. Well, technically, 0.00000001 BTC. Divided by how many shares ? Think we need a modification to the bitcoin protocol to turn that in to a dividend

BTW, likely shareholders now owe money to cryptx, because 14.68 is less than yesterday, and the BTC exchange rate has dropped.

You havent seen AMT's new facilities in Shanghai yet ?



Occasionally they find enough discarded dragonminer or btcgarden components in there to ship you a brand new $6000 miner!

Friedcat is busy. He is testing the latest model of datatank:

On the bright side, I would guess most mining hardware price is more closely related to dollar than BTC value, so the BTC price drop has two upsides: it brings forward zero div day (that is, unless cryptx is clever/devious enough to lower fees a little bit each time, which Id fully expect), and it could generate more bitcoins on the sale. Then again, I stopped following the SHA device market closely, so Im not sure how many people are still out there interested in buying used 1W/GH gear.

How is this for funny


Hilarious, no?

Have you actually read the book? The old testament ? Racial and sexual discrimination, mass murder, slavery, rape, child molestation, ethnic cleansing, infanticide, ...

Wait, I guess you are right after all.

Dude.. first of all, spencerfane acts as the receiver for the court, not as BFL's attorneys. Secondly that picture is not of the people actually involved, but turns out to be of 3 new spencerfane partners. That lawfirm has over 100 lawyers.

Bollocks; first of all you ignore the $300M in redress and disgorgement. There, the FTC just paid for itself.

Further more, even if the FTC didnt recover a penny for customers or taxpayers, and ignoring all the other work the FTC does, it would still serve a very important role, that of a deterrent. Perhaps not a big enough one, but its certainly better than none and I guarantee you that this case will make other US based mining companies think twice about their illegal business practices (AMT, Im looking at you).

As for BFL shipping and finally issuing some refunds, has it occurred to you they started doing this only after the FTC began asking questions?

While its usual, I doubt its natural. I see a clear pattern that hashrate tends to drop in the second half of each difficulty window. Its almost as if someone is throttling his hashrate to prevent the next adjustment to be too large. That doesnt seem to make a lot of sense financially, so you could theorize the entity is diverting hashrate for a blockwitholding attack (is that still going on?)

Its easy to see why it goes down; someone did the math.
What I dont understand is why it sometimes goes up.

Make sure to file a report with the FTC. For those who lived on Mars, FTC recently closed down butterflylabs, and its CEO is most likely returning to jail. Butterfly labs was arguably less scammy than AMT. So file you complaint and ensure Josh and Sonny can share a cell .

Its gotta be so nice to run a mining security; no one pays any attention to what you do.

Case in point; where did todays (and yesterdays) dividends come from, tiny as they may be? Only 5.5 BTC is being received from ghash. The remaining 12+ BTC came from https://blockchain.info/address/15hkE6RRBnDR5bV9CuvrXsKrj61ymTYR3H. Which leads back to a series of new addresses (why?) and ultimately from
https://blockchain.info/address/13FX4VrhWPmgnTtkWFkAb845nWoE6ExdC7

I dont see any mined coins there at all.

Is cryptx again borrowing money to pay for the divs?

Well, at least he can afford it. The bulk of the 'revenue' which is supposed to be for hosting fees is accumulating nicely:
https://blockchain.info/address/1M2b24hed8YSwZxfFZEAtqDUXUoJCDtsYU

350 BTC

Looks like someone is doing allight on peta mine.

Shame Im in Europe, and shipping makes this unattractive for me. Your prices certainly are very good.

I also would have filed a complaint with the police, but that shouldnt require a lawyer really, and I wouldnt have expected much result.

Instead, a petition with consob (http://www.consob.it/), the italian financial market regulator, and its Hong Kong counterpart, is much more likely to yield a result.

From her google+

More good news, cryptx managed to go in the red on a bitcoin address:



-14 BTC ROFL.

Its gonna be tight. Due to the sudden rise of BTC exchange rate and plummeting of hashrate (or more likely: luck), its too close to call now. At current price and D estimate, 1GH would mine $0.1796 per month for $0.18 in fees. Could go either way, but whichever way it goes, the NAV of a 1GH share is so close to zero, it might as well be zero.

That its not profitable for some is irrelevant. As long as there are companies for whom it is profitable, difficulty will keep going up. And there is no way its not profitable for industrial mines with hardware at variable production cost, such as KnC's farm.