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1541  Economy / Speculation / Re: Sold all my BTC@ $94 each on: April 01, 2013, 05:20:32 AM
Well I did read the article that it might hit $1000 but I think its near its support level at $100 stable for a while now

Whatcha talkin' 'bout willis? We've never been over $100 so how can it be support?

Resistance at $94, but it will break soon IMO.

If you need the fiat, then ya gotta sell some, but I wouldn't sell any more BTC than I had to.
1542  Other / Archival / Re: btt on: April 01, 2013, 04:15:57 AM
I'm all up for looking for good deals for GPUs, as LTC is getting a good value at the moment which can do good for dividends rather than spending from the reserves.
At the current difficulty you can easily increase the daily dividends by 0.05BTC/day per GPU assuming you are getting 7950. GPUs will still be decent even after ASIC delivery as LTC is gaining value now. So I'm all for GPUs rather than pay divs from treasury Smiley

I know you do not like to manage more GPUs than what you've already have, but the return would be better than spending from treasury Smiley

Keep up the good work creativex   Wink

I'm a LTC bull as well, sure seems like they're here to stay.

Hey thanks man! Just tryin' not to step on too many economic landmines. Smiley
1543  Economy / Speculation / Re: why I sold my bitcoins.... on: April 01, 2013, 04:08:54 AM
At strategic points during the last month or so when I felt we were heading for a downturn(usually Thursday nights) I simply bought some toys at the bitcoinstore. At first I would look at the price after I bought and shake my head, but now I just play with the gear I got and feel good about supporting the BTC economy. Feels a whole lot better than selling for garbage fiat and if the price had tanked I'd be patting myself on the back for exchanging the coins for gear.

Great thing to do. I've been trying to do the same but can't find anything to buy on there. Seems a lot of the higher end things are missing (4TB SAS drives, 500G samsung pro SSD for example) preventing me from buying. Although, so far that's done me well with the (not so) slow increase in value.

Yeah, it's a little cramped working within the confines of their product lines, but I've found some gems. I needed a new AIO color laser and my old server was in need of retirement. They have respectable prices on 2P G34 boards and opty 63xx, so I assembled a cheapskate 24 core w/ 64GB of ram.
1544  Economy / Securities / Re: Pricing miner securities on: March 31, 2013, 11:45:26 PM


Easy.

Any mining stock that does not currently have ASICs in hand today is a short to zero.

I liked that one, and hard to disagree.  Cheesy

I disagree, and find it easy to do so. One could mine profitably with Radeon 48xx GPUs at this difficulty & exchange rate.



...but short away fellas.
1545  Economy / Scam Accusations / Re: Butterflylabs Huge SCAM on: March 31, 2013, 09:30:51 PM
Can someone please direct me to where I might be able to find the data that would reveal how much in total BF has taken in for the pre-orders?

Thanks in advance.

Nobody has exact numbers on this save BFL and they're intentionally vague. The best we have is a voluntary list located here:

https://bitcointalk.org/index.php?topic=89685.0
1546  Economy / Speculation / Re: why I sold my bitcoins.... on: March 31, 2013, 06:14:31 PM
At strategic points during the last month or so when I felt we were heading for a downturn(usually Thursday nights) I simply bought some toys at the bitcoinstore. At first I would look at the price after I bought and shake my head, but now I just play with the gear I got and feel good about supporting the BTC economy. Feels a whole lot better than selling for garbage fiat and if the price had tanked I'd be patting myself on the back for exchanging the coins for gear.
1547  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 31, 2013, 06:06:27 PM
Love the action this weekend. Feels like we're building a nice base here above $90.
1548  Bitcoin / Hardware / Re: Thinking of reselling Avalon batch 2 or 3 because BFL will "ship"? on: March 31, 2013, 02:57:05 PM
If said company has been "shipping" for 6 months and they don't manage to get a single product to customers hands there is gotta be something terribly wrong. Why do they make those BS shipping date annouchements when they must know it's just not possible to ship in a loong time due to not having a working product to ship.

Because it's less expensive than not lying and many people still mistakenly give their words some credence.
1549  Bitcoin / Hardware / Re: Thinking of reselling Avalon batch 2 or 3 because BFL will "ship"? on: March 31, 2013, 07:26:19 AM
I'm kind of hoping a little BFL does ship soon. I think Avalon got too greedy in pricing their units so high and I'd like finally to see people that dumped $8000 for an Avalon unit get a little nervous now. I mean if you have $8000 to spend on something that hasn't been built yet then you are pretty well off and nothing is going to happen to you no matter what happens.

If Avalon got too greedy...then why did it sell out? Avalon did it right, they designed a product they could actually deliver and now they're going to refine it. They've made it very clear who the real amateurs are in this market.

Meh. I ordered a batch 3 Avalon for my mining company and I believe it was 100% the right decision. BFL's latest paper release doesn't concern me in the least. They have one wafer of faulty chips that took them months to construct, assuming of course anything they say is true. ASICMiner has recently been discussing shipping ASIC hardware due to the complete lack of competition, so suddenly BFL is ready to ship? Nah, they're just trying to remain relevant. What's the latest...two more weeks is it? The people that should be nervous are the ones that sent $30,000 to BFL for a 1500Gh @ 1500w minirig last summer. How the heck is that supposed to work? It's a little past being able to chargeback on that and if you paid in BTC you sent them what 5000 of them? Ouch, good luck ever breaking even on that deal.
1550  Bitcoin / Hardware / Re: March 30th BFL ASIC update on: March 29, 2013, 09:35:51 PM
Josh just posted another update here:

Quote
I want to clarify the above post, as there is some potential confusion. We are not shipping yet. We plan on shipping possibly by the end of next week, but I will update on a shipping schedule as soon as I have more definitive information with regards to that.

IOW...just two moar weeks!
1551  Economy / Securities / Re: [BTC-TC] Community Exchange w/ Options, DRIP, 2FA [HTTPS://BTCT.CO] on: March 29, 2013, 09:13:16 PM
886.78 BTC in traffic in the last 24h?!? Is that right? Shocked
1552  Bitcoin / Hardware / Re: March 30th BFL ASIC update on: March 29, 2013, 08:25:34 PM
I don't check on BFL stuff on a regular basis, but I know those cowboys have some chips for a couple of days etc. What do you guys think are the chances to get anything within the next two months, when ordering today?

Im curious, I would even think about a jalapeno, just for the luls.

The chances are clearly zero. By their own admissions have one wafer of inconsistently performing chips after all these months.

Why are chances zero? I don't know, if they want to ship within 2 weeks (and I don't think thats gonna happen, even if they are close to final (*IF*)), they should ship anytime soon. You think because they don't have good chips by now they wont be able to ship in like 2 months? Hm, not sure about that. Btw no trolling intended

They cannot ship what they do not have. Even if they commenced shipping on Monday(not a chance), they could only fill a tiny number of orders with the few chips they have on hand. Then they'd have to wait for the fab to finish their few remaining first batch wafers, which would still need to be bumped and packaged. Although BFL is vague about how many orders they have, I doubt even their larger 3rd batch of chips would cover an order placed today.
1553  Bitcoin / Hardware / Re: March 30th BFL ASIC update on: March 29, 2013, 07:59:13 PM
I don't check on BFL stuff on a regular basis, but I know those cowboys have some chips for a couple of days etc. What do you guys think are the chances to get anything within the next two months, when ordering today?

Im curious, I would even think about a jalapeno, just for the luls.

The chances are clearly zero. By their own admissions have one wafer of inconsistently performing chips after all these months.
1554  Other / Archival / Re: btt on: March 29, 2013, 07:52:25 PM
Thanks for the input fellas, you all make valid points. My thinking was simply that we already have ASICs on the way and still have ample reserves. There's just nothing to spend them on ATM that makes sense long term. I suggested a relatively small fixed dividend amount so as to stabilize our yield without significantly reducing our reserves...about .04BTC/day currently. Seems the concept is less popular than I'd have guessed.

Like I said before, I think more hashes is more valuable. I would rather keep the coins and get something better later. For example, 424 BTC (@ $80) is more than enough to buy a BFL Mini-Rig... 1.5TH/s.  Who knows if BFL will ever deliver, but Avalon or even Asciminer might pick up the slack on something like this.

This has always been my model for our company. We tack on ASIC hashing power via pre-orders when it makes sense while building our reserves for large purchase(s) when time to delivery is reduced and with it the risk of the unknown. If I had any confidence at all that BFL could deliver even two 750Gh "little" minirig SCs in a reasonable time frame I'd consider it an option, but it sounds like they're having inconsistent chip results. In retrospect a larger batch 2 Avalon order would have been justified, but that was anything but clear at the time.

If Avalon is able to begin shipping in just a few weeks time then we could potentially have an ASIC hashing for us next month. Thanks for the input gents.
1555  Bitcoin / Hardware / Re: BFL needs more Energy, but they start shippping NOW on: March 29, 2013, 05:52:30 PM
Sounds more likely that a single will turn into two little singles.
1556  Bitcoin / Hardware / Re: March 30th BFL ASIC update on: March 29, 2013, 05:48:37 PM
First batch is 5000 chips, first order # for august maybe 3800, starting from 1600. Of course it won't be enough to cover june-23 till july-23 orders, no way an august one will be part of it.
If you ordered a big single they might do 2x little singles since the power limit is per board, not per chip. The chips run at full spec without a problem, the problem seems to be with the boards or power regulators. Same for the mini-rig's setup, if they don't find the culprit/a fix soon, they will send 2 mini-rigs, same total number of chips, but double amount of boards, cases, psu.

We've learned today that the first batch is 1000 chips. They don't even have the third wafer yet, and the first one was destroyed for nothing.

Not for nothing. That decision could very well make Josh's gear more valuable.
1557  Bitcoin / Mining speculation / Re: Are Josh and Sonny Preparing to Ship? on: March 29, 2013, 10:16:49 AM
Oh Look a Penny

Sweet. Copper or zinc?
1558  Bitcoin / Hardware / Re: Them BFL Cowboys on: March 29, 2013, 10:06:29 AM
Worst case power consumption is now apparently 195w for a single SC. More than 3x advertised. Do these people ever tell the truth? Undecided

Scarier still is that Josh's worst case estimates often turn out to be the nearer to best case.
1559  Bitcoin / Hardware / Re: March 30th BFL ASIC update on: March 29, 2013, 08:18:40 AM

Meh...null and void as Josh couldn't spell that day. Undecided
1560  Bitcoin / Hardware / Re: March 30th BFL ASIC update on: March 29, 2013, 07:29:50 AM
Its about 40TH worth,give or take  Wink

Even 120-150 watts @ 60GH beats the crap out of 600 watts  Tongue & $6000-8000  Roll Eyes
Dude,

Pls remember "the crap out of 600 watts" Pays the electricity itself with a day or two work for a year:)
What about this crap? I am happy to have that crap in my hands LOL!
 

Post back here in 6-12 months & let me how much more your earning than me  Tongue

Really,I'm happy Avalon got thiers out  Wink

Still not getting it I guess. Oh well.

Never will either,remember,I ordered from BFL  Wink

Did you sign a contract that said you'd suspend your common sense? Surely you can see the mining profitability charts at blockchain? An ASIC in hand right this second is worth it's weight in silver, there's no telling what the future will bring, but right now the most important factor in ordering is obviously *WHEN*.
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