This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
The problem, perhaps, isn't that there is too much optimism, but rather what backs it up? Some of the posters here are pretty respected. I'm open to any opinion. But lets see some evidence. What is the basis for your bear opinion? (e.g., TA, fundamentals, etc.); Otherwise it is essentially the same thing as the bulls just being bullish with no evidence to back it up. IAS |
|
|
|
|
How do we go about purchasing others orders of Burnin assembly orders (no chips) that is safe?
We should make sure there are no double spends and such.
Some things we should consider (from my point, please jump in):
Escrow
Transparency (a separate thread or the like to track things, avoid double spends, etc.)
IAS
|
|
|
|
really cant see a need for this type of thing. if you are worried about family members not being able to handle security etc then give them an online wallet like inputs.io and they can use it like paypal.
I really cant imagine someone using bitcoin who wouldnt have a smart phone O_o
Are you suggesting using a smartphone to hold a lot of BTC's on? That is pretty dangerous. A hardware wallet has it's own problems, but getting hacked is pretty far down the list. EMP is the other (I think). I'm surprised we don't hear more about Trezor and hardware wallets. I do think something simpler (or cheaper) will shortly (next year or so) be developed. IAS |
|
|
|
@Sebastian
What are those zeroes in Refundaddress column?
That means not refunded yet or you need some kind of confirmation?
Those are the chips that participants want refunded. Some may choose a portion, or an all or nothing thing. I'm pretty sure here. Basically, the simple "form" Sebastian sent out said How many chips to you want refunded? Notice the Y or N next to it. IAS |
|
|
|
|
Congress will vote Obama down, just like most of the world will.
Saudi Arabia wants a pipeline through Syria. Obama and them ain't getting it.
I don't want blood money on BTC.
It's about sharing...
|
|
|
|
I have been in NYC the past two weeks working on several very significant Bitcoin related projects.
Any chance you can elaborate? Also - Will you be posting to your blog anytime soon? Wish I could. Just wait for the news, serious journalists like the WSJ have already been getting briefed but cannot write about it yet, which should come out around the last week of September. Additionally, this fall there will be probably 6+ 'big names', like Richard Bove or Chamath Palihapitiya [starting at 19:15], in the investment community that will come out in favor of Bitcoin and that will cause a lemming like effect. And the private wealth managers out of Asia are stacking Bitcoins away as the new favorite asset class. Many of the HNWI family offices will not make an investment in the sub-$25-50m range. So, when Bitcoin melts up then it is going to be free range for a lot of these ultra-rich Asia families to move in. If about $1m of new capital moves the price $9 then just imagine what $500m-$1B of new capital flowing into this asset class would do to the price. Especially if that $500m requires 'clean bitcoins' from a known source of funds. The making of a 'melt-up' in price to a much more fundamentally sound valuation since Bitcoins are largely undervalued given their characterstics (no counter-party risk, cannot be seized and equity based like gold). This is going to be a wild ride this fall. So strap yourselves in and let's kick the tires and light the fires! Upon further review, you have given up a lot. How far can you go? And Vladamir, oh, I get the feeling you ain't telling all... It's About Sharing |
|
|
|
This is starting to remind me of the day before the drive through 125. Keep the price within $5 of the wall, buy up to a buck or so of the base of the wall when the asks fill in but don't drop a big bidwall, and keep refreshing small bidwalls to maintain the $5 spread.
Some people thought it might be a hammer but the 125 wall was eaten, not pulled.
Get ready. I think the next whale move will happen in less than 24 hours.
Based on the number of triangles in the last month I've wondered if the whales artificially control the creation of triangles using methods like what you are describing. Create the triangle and then punch through it causing a surge of others to join in and help push things up as they follow. I've ponded this before during others times in the market. You think?  |
|
|
|
and how would you know? do you live in japan?
Tough guy on the Bitcoin forum. We could use the excitement. On a lighter note, I say the whale is circling and coming in... IAS |
|
|
|
For anyone confused about Burnin Mining and rigs for these chips. Quote from Burnin. https://bitcointalk.org/index.php?topic=179769.msg3067240#msg3067240Changing around all the existing orders will be more work then accepting new ones for the people that have chips but no boards.
I still accept orders for the avalon based bitburners for a short while, that statement mainly refers to future board generations.
And It is possible to sell orders that have not been refunded to someone else. IAS |
|
|
|
@ Burnin
Instead of trowing away the pcb's. Why u dont accept assembly orders for cancelled ones?
Seems enough peoples, have chips, but no order by you.
I have 320 chips in SebastianJU's Batch 1, that needs an assembly.
Whats the solution?
Sharing between the users and changing the delivery adresses?
So we create a win-win-win situation.
Or we can place orders for already ordered Chips?
refunds with losses, trowing away pcb'etc.
Or you stop totaly with the orders.
And all will loose...
Thx
Mastah
Changing around all the existing orders will be more work then accepting new ones for the people that have chips but no boards. I still accept orders for the avalon based bitburners for a short while, that statement mainly refers to future board generations.And It is possible to sell orders that have not been refunded to someone else. Thanks for the clarification Burnin, Keep on keeping on and good luck, we will be there, IAS |
|
|
|
I think it is safe to assume hashfast will not ship until November at the earliest (given they just taped out a few days ago). There may be 550-1650 MPP chips shipped out by HF in Feb 2014 needing a PCB home. HF have said they will provide an open source ref design for 3rd party builders. are you guys working on 28nm systems?
We have a few possibilities in the pipeline for our next project. Main priority of course is to get this one done first, but yes keep your eye out for upcoming Drillbit mega boards. Thinking seriously about Cointerra. What do you guys think? The main issue is that their stuff is huge so it won't be very well suited for small scale mining. Though there might be possibility to set up a few community based minifarms which everyone could chuck in for. Something like that. Anyways, in the meantime, Bitfurys baby. One thing at a time. Got something special for you any minute now. Barntech IHMO that is great news that they succeeded in tape out. But by Feb 14 the Baby Jets I offer open source hosting for will have chewed into the difficulty quite a bit. I am not sure if there would be enough interest in us creating CADs for HF chips that late. Why not open up reels and gerber files at the same time as Baby Jets? Unless they are offering us new technology to develop on I am not interested. Maybe they think their chip will still be interesting by then. I get the feeling we are like at the stage where things moved from CPU's to GPU's again. The next generation (or one there after) are probably really going to make what we have coming out now, pretty much obsolete. Not a shock to anyone, but having an ASIC is not like "having an ASIC" at the time of GPU's. We are going to be talking about chips in GHash/s that are like mining rigs (actually I think we are). We shouldn't be blown away by the talk of Ghash/s, it is becoming a very relative term. I think we should look at Ghash/s per 1$ or something like that. It is a bit analogous to BTC value moving to Satoshi's or the like. Funny, my first and really only group buy, which might be delivered around the time of our rigs here, was about 2X as much as these rigs... Any ideas on good future GB's? (I try to stay out of that forum as to not be tempted!) IAS |
|
|
|
I would suggest you contact burnin ASAP and ask him - he may not realise there is still interest in the Avalon product given so much talk about refunds (in his thread too) but since he pre-ordered many parts for it, he might be willing to take some more orders for it. roy All, please don't panic and read the entire announcement, it is mentioned there that he will process existing orders: existing orders will be processed and delivered or refunded. I never placed my order with Burnin due to all the problems with Avalon. But I am in a GB for chips that might be delivered this week. IAS |
|
|
|
Seven "Complete BitBurner XX Modules with attached heat-sink" for saleWe´ve placed two orders with very low (!  ) order numbers at http://www.burninmining.com. As we´ve already requested refund from zefir for the avalon chips we intend to sell these orders to people who have avalon chips but haven´t placed a order for a bitburner yet. order #324: - 5 x Complete BitBurner Module with attached heat-sink (20 chips per board) - 2 x CAN-BUS Stacking cable - standard shipping price: €673.54 order #339 - 2 x Complete BitBurner Module with attached heat-sink (20 chips per board) - standard shipping price €279.65 Whoever is interested may send my a pn. This offer is only valid under the condition that burnin allows a transfer of his orders. I'll take the second one (2X20) if Burnin allows it, but don't you need the stacking cable? Will wait for confirmation from Burnin though.
Also, todays price is 267.75 with heatsinks, stacking cable, standard shipping & VAT. Did prices change?IAS I'm going to wait till all this straightens itself out. Retracting that "bid". |
|
|
|
|
Sebastian - Do you know anything about all this regarding Burnin Mining not taking orders?
Thx,
IAS
|
|
|
|
Something i've been asking myself. Say you buy a house in only bitcoin without paying taxes on it, followed by a visit from the IRS. You say you bought the house in bitcoin, what can they do? Can they throw you in jail or fine you for that since you used an "erschatz" currency?
They can claim taxes. Not paying due taxes can lead to incarceration. If you have some of your money in another currency and buy something with it, I don't think capital gains would be involved. This is a question for a lawyer but I can't imagine countries, banks, etc. who have their money in other currencies, must pay capital gains on things for purchases made. I was under the understanding that taxes are paid when going from currency to currency (depending on country). Here in Germany you have no capital gains on BTC's held for over one year. IAS buying a house, especially if its a second house... you'll get tax... you can try to pay with bitcoin at never declare it... idk i wouldn't... You are looking at is as if BTC was an investment. I'm saying you are just holding another currency. If you go to another country and exchange thousands in that currency and then come home and that currency's value increases, do you pay a capital gains tax on it? I can't imagine that happening. Now, if you see BTC as a stock, that might be another matter. But, it is a currency. I don't doubt there can be legal implications, I'm just saying I think it is way too early to speak with any certainty here. IAS |
|
|
|
|
This still isn't clear to me.
I don't understand, if Burnin isn't accepting orders and some people need refunds (but only at 50%), why not allow people (like me and others looking for assembly) the
ability to take on the orders from others? I think that makes us happy (we get the boards and assembly) and a few people get more than the 50% refund amount.
Burnin - Can you comment on things please as the message has been mixed thus far?
Thanks for all your work. I know this is rough for many, if not the majority, of people involved. From the GB participants, organizers and all the way up the chain to you.
It's About Sharing
|
|
|
|
Any word on doing cases for them Barntech?
I think 4 Drillbit systems in a backplane would probably fit in a computer case with power supply? But I see your point as well, something more custom. I want it to look really cool, that way the missus will quit moaning at me "What are all these wires?... wah wah wah!" It will fit inside a computer case for sure. Main problem with a custom case is the cost. It will be quite a bit to actually get something made, and also add a fair whack to the postage too. If it was a larger run, it would become more viable but at this point not feeling worth it. That said, haven't ruled it out. If i get some extra time i'll get back on the trail and see if we can get a cool option for you guys. Would people be interested in a case even if it was a bit pricey? We also talked about making some cool custom steampunkish wooden cases with fans at either end. That would also come out pretty expensive though, but may well impress you missus Lemonte Let me know if you guys are super keen and i can look into it some more. Regarding cost, I think you hit the nail on the head, at least for me. I am sort of tapped out. A computer case is for sure cheap if you search. And there is customs to consider. I imagine most of your customers are outside Australia? Maybe cost isn't a big deal to others though... LOL with Lemonte's comment: "I want it to look really cool, that way the missus will quit moaning at me "What are all these wires?... wah wah wah!"" |
|
|
|
Any word on doing cases for them Barntech?
I think 4 Drillbit systems in a backplane would probably fit in a computer case with power supply? But I see your point as well, something more custom. |
|
|
|
Burnin stated:
Existing orders will be processed and delivered or refunded.
So you will still get your BitBurners.
Thanks toolhead. I wasn't sure what "existing orders" meant. Existing orders from Group Buys or existing orders from Burnin. I only have an existing order from Sebastian's group buy, not from Burnin (I have yet to place that). Great to know. Thx again, IAS |
|
|
|
Something i've been asking myself. Say you buy a house in only bitcoin without paying taxes on it, followed by a visit from the IRS. You say you bought the house in bitcoin, what can they do? Can they throw you in jail or fine you for that since you used an "erschatz" currency?
They can claim taxes. Not paying due taxes can lead to incarceration. If you have some of your money in another currency and buy something with it, I don't think capital gains would be involved. This is a question for a lawyer but I can't imagine countries, banks, etc. who have their money in other currencies, must pay capital gains on things for purchases made. I was under the understanding that taxes are paid when going from currency to currency (depending on country). Here in Germany you have no capital gains on BTC's held for over one year. IAS |
|
|
|
|
Show Posts
