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1501  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 15, 2014, 09:45:59 PM
So it means that nobody should buy AM shares right now because nobody knows when they will ROI. Good advice.

Let's see how long will it take for those wafers to get sold Smiley

No, it means that if you expect X returns within Y amount of days, you should not be an investor.
1502  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 15, 2014, 09:44:48 PM
And current dividends due will be paid out in full prior to this new crowdfunding plan?

What exactly is "dividends due"?
1503  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 15, 2014, 09:40:27 PM
For who? For you maybe, but what about the people who just bought AM shares?

Also reaching a positive ROI doesn't mean that it's ok for them to not issue dividends anymore and just do whatever they want with the money.

Why should I care about those whose attention span is less than 2 weeks?

This is a business. Dividends will be issued when the company is in the right position to do so. We would not have 60PH worth of wafers if dividends were given out.

And bitfountain owns more than 50% of the shares so yes they can do whatever they want. Not that they have or would ever do anything to deliberately hurt shareholders.
1504  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 15, 2014, 09:35:17 PM
cbcm is a startup, I am proud to help startup businesses.
ASICMiner have been doing this HOW LONG? and yet, we are going to see the begging letter on another IPO "fund this with your crowdfunding".

So.. AM either

A) Have no money

or

B) Have plenty money

which do we suppose it is?
A

or B?


Please point me to where you discovered that AM is running this immersion project.

CBCM is not only a startup, its a shitty overpriced startup. Anyone who took a look at the revenue forecast would know it's garbage.
1505  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 15, 2014, 09:30:48 PM
I highly doubt anyone will take advice from someone who invested in cbcm.

When do you expect to get some dividends jimmothy?

Does it matter? AM has already reached a positive ROI.

Are there any other bitcoin investments which were able to turn $2 million in to $20 million within a few months?
1506  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 15, 2014, 09:25:33 PM
Coming soon to Havelock Investments...

Participate in The Future of Mining:
DataTank Mining; Immersion Cooling technology in cooperation with ASICMiner.
The most efficient way to mine.

http://youtu.be/oZavKweMrP4

Stay tuned, more info in the next 48 hours.

wat

translation:

"We want you to give us more money before we pay you dividends on the last sum of money you gave us."

great plan.   Undecided

enjoy throwing your money at this one.

Translation:

I am a spondoolies shill and this is a competing project

I highly doubt anyone will take advice from someone who invested in cbcm.
1507  Bitcoin / Hardware / Re: XBTec Announce. New ASIC manufacturer on: June 15, 2014, 07:31:12 PM
Not sure what that answers. If it is used in fire extinguishers the vapor can't be harmful.

I've never heard anyone claim the vapor is dangerous let alone lethal.

What I was saying was that its the vapours that kill. The liquid itself is fine, but the vapours suck. It doesn't matter if its used in a fire extinguisher, plenty of things are used in the fire extinguishers which are toxic (like the powder ones). They're not licensed for residential use because of it.

Got a source for that? I've never heard of such claims.

Novec extinguishers are supposed to boil and release a shit ton of vapor so I can't imagine they would use it if it was toxic.

Not to mention that the vapor leakage would be so small in any decent immersion system that it would be neglegable even if it was moderately toxic (which it's not as far as I know)

If novec was so toxic how do you explain Allied Controls DC which can be visited without the need for gas masks? They use an open bath system so vapor is constantly leaking in to the air. And iirc their offices are connected to the DC so they are practically living in the vapor.

Also if cavitation is such an issue how do you explain Allied Controls system which ran smoothely for 6+ months?
1508  Bitcoin / Hardware / Re: XBTec Announce. New ASIC manufacturer on: June 15, 2014, 06:51:50 PM
Not sure what that answers. If it is used in fire extinguishers the vapor can't be harmful.

I've never heard anyone claim the vapor is dangerous let alone lethal.
1509  Bitcoin / Hardware / Re: XBTec Announce. New ASIC manufacturer on: June 15, 2014, 06:32:26 PM
Quote
2. 3M really very dangerous for people, in case of leak liquid. Service staff have to use gas respirator, if they wanna to stay alive.

How so? Novec fluid has very low toxicity and is nonflamable (even used in fire extinguishers).

I've also never heard of cavitation being a problem. Got a source for that?

Also any progress on the pacific 2000? Shipping date? Power consumption at the wall?
1510  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 05:48:56 AM

These are average rates taken by the US governent for census purposes.  But they are not totally accurate as they include the wholesale cost and another expense, but they do not include the use of delivery line and another charge which is about another .04 to .05 that is not refllected in that chart.  So delivered cost is about .04-.05 higher. When the consumer get the bill.

Meh that's a bit misleading.

Regardless, those stats are just averages and there are people with residential costs below $0.1/kwh and even more people who have access to commercial/industrial rates lower than $0.1/kwh.
1511  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 05:37:06 AM

That's what I was looking at. Are those not the actual rates per kwh?
1512  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 05:35:18 AM
You are an exception and you know it. I would like to see how many miners are able to host and cool 8KW at home. Not many. Especially US residents who are on 110V! Because jimmothy keeps reminding me about the US miners with their cheap power. It's a wet dream for a regular US miner to host 8KW at home.

I don't think he is a rare exception. Anyone willing to throw down $10k+ on hardware should have no problem upgrading their home circuit.

Quote
You are limited to 1 and only 1 sp30 at home where as there are many different ways you could max out your home circuit using rockminers.

Besides 3TH/s today is worth 6TH/s in 3 months.

No. You are limited by your power circuit. Everyone has X W spare for mining. Filling it with SP30 would mean that for every W that they have free they can accommodate 2Gh/s while filling it with rockminers means that they can accommodate only 0.9GH/s. The obvious pick is obvious.

Yes, but with rockminer devices you have the option to share an outlet with other appliances.

Quote
Yes good luck shipping the big fat rockminers to anyone. I can justify shipping for 15 burnin avalon gen1 boards and you imply that anyone will pay a lot of money to ship 42kgs worth of 3TH/s rockminers? Good luck with that!

Shipping in america is flat rate and shipping from china to america can be as low as $6/kg via fedex someone said.
1513  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 05:23:43 AM
Average electricity rate in US is .16  it can vary as low as .08 in Washington to as high as .37 in california and new york.

Source?
1514  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 03:19:50 AM
Again you are not a miner and you shouldn't give advice of how miners should act. I just demonstrated you that you CAN host 6Th/s at home without the need of a datacenter. You CAN'T host 6Th/s at home using rockminer miners.

You are limited to 1 and only 1 sp30 at home where as there are many different ways you could max out your home circuit using rockminers.

Besides 3TH/s today is worth 6TH/s in 3 months.

Quote
Secondly only US miners have access to low power costs. All europeans (like myself) pay a premium price for electricity and having the possibility to host the miner in a DC at $0.15/kwh is actually GOOD.

Not all europeans have high electricity costs and I'm sure you know that. Sorry for those of you who do, but mining is simply not for you.(long term at least).

Quote
All miners already own mining equipment and are very close to their electricity cap that's why a DC where you pay the same price as you would pay home or maybe less comes very handy.

You could always sell your equipment to someone with lower electricity costs and buy more efficient in stock hardware when you need to upgrade.

Quote
And sorry but any miner requiring 200w is close to useless when it comes to spreading the hashrate since the global hashrate just jumped over 100k Th/s  so that is pure BS.

6TH is useless compared to a 5PH immersion cooled monster from xbtec.

Anyways close to useless is still not useless. Keep in mind there are a few people who found blocks on their 0.33gh/s BE usb miners.

I think you know that most of the sp30s will end up in datacenters where as a large portion of rockminers will end up in homes.
1515  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 02:55:31 AM
So you could host 2500W at home. Imagine hosting 6500W at home for just 6Th  Roll Eyes Mission impossible!

But 6TH is an arbitrary number which spondoolies decided would be ideal but is actually inefficient because you need to pay for hosting.

If you need to pay someone for hosting, you are losing money. As much as you might really want 6TH-20TH worth of equiptment, it is simply inefficient unless you can host it yourself.

Rockminer gives those with an electricity cap as low as ~200w a chance to mine while keeping a competative $/gh. Spreading the hashrate instead of shoving it all in to datacenters.
1516  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 02:28:11 AM
Quote
Now that's an unfair bet. Why the difference in power costs?

No it's not an unfair bet because many pay less than $0.1/kwh for home electricity but almost nobody pays less than $0.15/kwh for DC hosting.

Quote
As I previously said no normal miner and no big mining operation will buy 84kg miners for 6TH at ~6.5KW power requirement. I can host my SP30 at home, can't say the same about rockminer miners.

Normal miners have 50-2000w worth of hardware.

Big mining operations (50kw+) will not care about weight(shipping pallets is cheap) and they won't care 50% efficiency since they pay less than $0.05/kwh.

Sp30s are for those miners who are somewhere inbetween which is inefficient because you need to pay someone to host them.
1517  Bitcoin / Hardware / Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $1.99/GH/s, miners from $2.97/GH/s on: June 15, 2014, 02:07:43 AM
Quote
Anything other than refunding denominated in dollars is fraud.

Does that mean paying with anything not denominated in dollars is fraud?
1518  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 02:05:33 AM
And when you ROI before sp30's ordered today begin shipping, you can just sell your rockminer hardware and buy some in stock hardware that is cheaper and more efficient than the sp30.

Let's start a challenge. Go ahead and buy for yourself 6TH/s worth of rockminer hardware and mine with it on Eligius so that we can keep track. When I will get my first SP30 I will put it to mine on Eligius and we draw the line on 1st December. Then we compare the results. What do you say?

I don't need to buy 6TH/s to know how much it could earn.

I don't care when you will get your miner because that is irrelevant.  All that matters is when the machines you are trying to sell will ship.

I am willing to bet that rxboxes delivered in 2 weeks at $0.1/kwh will break even before sp30s delivered in 3 months at $0.15/kwh break even.
1519  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 01:14:43 AM
Of course hardware in hand is much much better than gambling wtf!

Yes but you don't have hardware in hand, you have a promise.


Quote
6Th/s worth of rockminer hardware would weight around 80kgs and would need ~7kW of power and you will have 100 cables. OK! Good choice!

And when you ROI before sp30's ordered today begin shipping, you can just sell your rockminer hardware and buy some in stock hardware that is cheaper and more efficient than the sp30.

So you admit that spondooliestech was talking shit when he said that the 20nm wafers would take at least 4 months? (maybe it wasn't a lie but he was simply wrong.)

Since I can't prove that KnC is lying or not I must take for granted what KnC stated. How long until they package the chips? It's almost 2 weeks and we got no update from KnC. Don't forget that AM got chips in April too, but it took them 2 months to have working miners.


KNC has demonstrated more than any company that they can take chips fresh out the fab, put them in miners, and get them out the door ASAP.

Still I expect it to take 1-2 months before neptunes ship after receiving chips.

What makes you think spondoolies is so much better than every asic manufacturer that they can go from receiving chips to shipping products in half a month?

They have demonstrated absolutely zero ability to do this considering they never started selling sp10 until they had a working unit.

1520  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 12:54:55 AM
I'd love to pre-order an SP30 ( september deliver ) but too chicken right now. Too many variables out there and margins too thin. $5095 and shipping is $100 more then what the SP10 was, so shipping is $300 now.  Boils down to a non refundable $5395 for a 90 day wait. http://daycalc.appspot.com/09/25/2014
I don't think I'd lose out completely, I would get some return back, but not really knowing how much or if bitcoin will rise is putting me in a circling pattern right now. I'd just rather buy a bunch of bitcoin and hold then go through the purchase process and all that. Since I won't be running a 6TH machine in my home because who has 2400 of watts all ready to go and that is like a monthly car payment figure. Hell, I'm talking myself out of it right here. Tsssk, tssssk, tssssk.

Would you gamble $5,000 on satoshi dice? If not then why preorder hardware? (it's probably riskier with much less reward)

You could always buy 6th/s worth of rockminer hardware for less than you could buy an sp30 preorder now. (shipping in 2 weeks vs 3+ months)

But if gambling is fun for you I would not recommend it.
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