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1441  Bitcoin / Hardware / Re: ASICs are Over priced on: June 01, 2013, 07:11:23 PM
I really don't understand the complaint.  I can't afford a Ferrari or a Lamborghini, but I don't whine about it on a public message board.  

If your concern was really about securing the network (as opposed to profit), you would just buy some ASIC Miner shares at an amount you could afford, or even some of the escrowed group buys that people on the forum have been advertising.  Then your money is going toward increased hashing.  I suspect you just want to make a ton of money though, and are bitter that you can't afford to buy an ASIC of your own.  Am I right?


I cant afford a Ferrari as well, but I have allot of alternatives which suite my budget, and yes I do not care only about the network security I would like to mine Bitcoin and use the side profit to support my family, this is nothing wrong, am I right ? and I do not have the 9000 $ to join your club, and even if I had I wouldn't pay that much because I think long term, these asics could be at reasonable price so all of us could buy one, and companys  would still make a load of money. you are just missing the point here. these ASICs are not worth all that money, with these prices you are limiting the customers to a small group of people.
  

These guys are throwing around these numbers probably because they have been mining for a while and where able to mine bitcoins before they where $100.00+ a piece.
1442  Economy / Securities / [WTB] TAT.ASICMINER on: June 01, 2013, 06:54:33 PM
I have 53.xxx LTC that I do not want to take a hit on by selling it outright for BTC, however I would like to re-invest it into the TAT.ASICMINER pass through shares.

Will do escrow with John K.

Please post or PM if you are interested.
1443  Bitcoin / Hardware / Re: ASICs are Over priced on: June 01, 2013, 06:42:13 PM
What are you shitting. An erupter blade is 13 GH for 50btc delivered globally within 3 days. ROI is 120-180 days depending on when you bought.

True but not all of us have $7000-$9000 laying around to be invested in a bleeding edge might be technology.

Then bitcoin is not your game. Speculate to accumulate, spectate to procrastinate.

Well too bad then, because I am making it my game, with the little that I have, I will make something out of it.

For all of the people out there that don't have $9000.00 to drop on a single piece of hardware, don't be discouraged by folks like the above. Do what you can, build upon what you have, this is not a race, it's a marathon, just because you don't get your shiny new toy today does not mean that it wont make a difference in the future. Keep saving everyday, sell stuff, do jobs on the side and you will get to where you want to be.

Edit: spelling
1444  Bitcoin / Hardware / Re: ASICs are Over priced on: June 01, 2013, 06:27:57 PM
What are you shitting. An erupter blade is 13 GH for 50btc delivered globally within 3 days. ROI is 120-180 days depending on when you bought.

True but not all of us have $7000-$9000 laying around to be invested in a bleeding edge might be technology.
1445  Bitcoin / Hardware / Re: ASICs are Over priced on: June 01, 2013, 06:24:47 PM
ASICminer is one of the few who delivered something that actually is in stock (not a Pr-order) and works right away out of the box, but I think that these ASICs in general are way over priced, regardless how much money you will make the first month (on This deff.factor, and BTC price), because when I invest my money I look at the long-term aspect.

A blockErupter @ 10 GH/s for 60+ BTC is really over priced this is ~ 7500 $ , my suggestion is a max of 20 BTC .
The USB miner @ 300MH/s for 2.5 BTC as well is really over priced ~ 315 $, my suggestion is a max of 0.8 BTC  .

Avalon had 3 batches with total a of 1500 Unit, allowing customers to buy a max of 3 units for each customer, but I know people who ordered 3 units on all 3 batches, so do the math and I am sorry to tell you, you cant join the AVALON club


BFL, well what can I say about BFL, if they just really had something to deliver on time , they really have a reasonable price.  


why I stopped caring about ASICs and mining BTC in general is for this exact reason, as a small miner and a father of 4 kids, there is no way that I can afford to buy these ASICs, I know that these chips are the future of BTC mining and it is really a good thing for the network security, but the fact that there is a VIP club or let me put it in other words, a club of people with a bag of money investing in these ASICs, which means that few people controlling a big part of the network, just because these prices doesn't allow all of us to participate and get the chance to be a part of it.

these company’s are making a huge profit out of you guys. the first batch of blockErupter went for around 19xx BTC this is more than 240,000 $ for 50 blocks( 500 GH/s)


Just think about it

100% agree, and am in a similar situation as you, twins rather than 4 kids but still all the same.

Bottom line is neither of us have the resources to buy now (most of my funds are tied up in stocks etc) so we will have to just wait it out till prices become reasonable for people like us to get in the game.

What you can do right now though is invest in some of the asic miner's that have dividends. I can personally vouch for the TAT.ASICMINER shares, bought 10 about 2-3 weeks ago, sold them for a profit, thinking I was going to be able to get one of the USB miners for .5BTC but alas they came out at 1.99, too expensive for the ROI and Hash Rate.
1446  Other / Politics & Society / Re: Best/worst places to be in the United States once the USD plummets? on: June 01, 2013, 06:10:13 PM
Hmm. I wonder what food it would be more beneficial to plant in a limited space garden... what sort of garden would be the most nutritionally complete, and how much space would be required per person?

I might do some research on that.

Heard a guy come on Bloomberg over sirius/xm the other day that is on a liquid diet only, called it soylent, I kid you not. When he mentioned the name I thought that Bloomberg or sirius was running a spoof.

Why on earth they would call it this is beyond me considering the movie and all.... (look up soylent green if you haven't seen the movie.)

http://motherboard.vice.com/blog/drink-soylent-and-youll-never-have-to-eat-again
https://campaign.soylent.me/soylent-free-your-body

Quote
So what’s in Soylent, exactly?
Everything the body needs – that we know of, anyway – vitamins, minerals and macronutrients like essential amino acids, carbohydrates and fat. For the fat, I just use olive oil and add fish oil. The carbs are an oligosaccharide, which is like sugar, but the molecules are longer, meaning it takes longer to metabolize and gives you a steady flow of energy for a longer period of time, rather than a sugar rush from something like fructose or table sugar. I also add some non-essentials like antioxidants and probiotics and lately have been experimenting with nootropics
1447  Economy / Economics / Re: Is it true that the FED is privately owned on: June 01, 2013, 04:44:50 PM
No.

Its not a Jewish conspiracy either just in case that's your follow up. 

Same answer for New World Order, Trilateral Commission, Communist Party, Bilderbergs and umpteen other people who do not own the Fed.

You forgot the all seeing Illuminati  Shocked
1448  Other / Off-topic / Re: What phone are you using ? on: June 01, 2013, 04:10:25 PM
Just upgraded from an iPhone 3GS to a brand spanking new iPhone 5 Smiley
1449  Economy / Speculation / Re: POLL - how long before the next bubble to 1000$ and beyond? on: June 01, 2013, 03:03:35 PM
Voted: between 6 month - 1 year, just a gut feeling.
1450  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Should Simran be banned? [POLL] on: June 01, 2013, 02:43:53 PM
--- gets popcorn

lol, did you vote for or against yourself?
1451  Other / CPU/GPU Bitcoin mining hardware / Re: Need Help - Added 2nd GPU, now first GPU's hash rate is lower? on: June 01, 2013, 02:39:50 PM
FYI,
For others that may encounter this issue in the future, I plugged my LCD into one and a dvi/hdmi*->vga plug into it and am now getting ~650MH/s between the two of them. The original card is still lower than what it was but at least it's not in the 250 range like it was.


*dvi/hdmi, I can never remember the difference.

I have an older server that I have not used for a while and may just isolate them each in their own box.
1452  Other / Off-topic / Re: I quit smoking on: June 01, 2013, 02:30:12 PM
Any way to put an auto counter on this?
1453  Other / Off-topic / Re: I quit smoking on: June 01, 2013, 02:29:08 PM
Sorry, no story, nothing dramatic happened, I smoked for 22 years (wow looks scary when I write that down, never have....), up and decided to quit because I had had enough of it, my twins turned 10 this past year and well... that's about it.

My pops smoked for about the same time as you, maybe longer.  He had real bad health issues because of it, but, after he got pneumonia, he had to stop smoking for at least a week, and once he recovered, he figured he's just stop smoking since he already had a start.  And he'd never smoked again after that.  Congrats on kicking the habit tho.

Thanks I appreciate the encouragement
1454  Other / Off-topic / Re: I quit smoking on: June 01, 2013, 02:19:38 PM
Today is day 37 without a cigarette and I feel really good about this.

Please post if you have quit smoking recently.
I never smoked and will never smoke, but congratulations. Keep fighting.
Quick story?

Sorry, no story, nothing dramatic happened, I smoked for 22 years (wow looks scary when I write that down, never have....), up and decided to quit because I had had enough of it, my twins turned 10 this past year and well... that's about it.
1455  Other / Off-topic / I quit smoking on: June 01, 2013, 02:05:45 PM
Today is day 37 without a cigarette and I feel really good about this.

Please post if you have quit smoking recently.
1456  Bitcoin / Bitcoin Discussion / Re: We need to find out some real use of bitcoin on: June 01, 2013, 02:01:57 PM
Sure, merchants will get more profit by accepting bitcoin, but currently the amount of people who are able to pay bitcoin is still very small, merchants still get more sale with CC

Amazon's operating margin is 1.7%* if they can increase this by even .01% by using BTC they will jump all over it.

Allot of industries operate on very thin margins and will do everything they can for even the slightest of improvements.**

After looking at the data, most industries these days operate at under 10% margin. If we can give them a super easy way of accepting BTC then our market cap will go from 1.4 Billion to 10's or even 100's of billions per year, and each bitcoin may be worth 10's or even 100's of thousands of dollars each. (this is why I am betting on this btw)

*   http://www.wikinvest.com/stock/Amazon.com_%28AMZN%29/Data/Operating_Margin
** http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/margin.html
1457  Bitcoin / Bitcoin Discussion / Re: COMPANY SPENDS 350K TO BUY BITCOINS IN SILICON VALLEY on: June 01, 2013, 01:23:51 PM
Hopefully we will start to see some increased market penetration to the masses, then we will see it really take off.
1458  Bitcoin / Hardware / Re: 10 USB Miners available from Group 1 purchase on: June 01, 2013, 12:15:39 PM
Should i be happy instead? Put yourself in my shoes. You would feel the same way.

How can I, I do not know either side's story.

You missed the point, It's business, take all emotion out of it.

You went completely mental and to us it looks like you are trying to sell something in PM only no pricing, probably no escrow etc that may or may not have, thus looking to us from the outside that you are trying to scam folks on this board.
1459  Bitcoin / Hardware / Re: 10 USB Miners available from Group 1 purchase on: June 01, 2013, 12:05:38 PM
Thats OK, i know since i am new and he has more posts than me he is right even when he is wrong. Thanks for the support guys.

I never said that and I do not think that, but from the way that Canary posted his reply regarding doing business with you, it seems like you really pissed him off and now refuses to do business with you ever again.

In addition you are the one that is getting emotional about this, he..... not so much.
1460  Bitcoin / Hardware / Re: 10 USB Miners available from Group 1 purchase on: June 01, 2013, 11:57:30 AM
Well, his group buy post did say sign the message when sending coins. I did not and he did not say a single word about it. He had no problem taking my coins. Now thats its time to deliver he wants to be an a**hole about it. After i figured out the difference between receiving and sending address i did provide him my signed message with my sending address. Blame me for being new if you want. He is wrong to treat me like this and sell the equipment i paid for at a profit.

You might want to read up on how BTC works, hint it's kinda like the mail.
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