Ok, so If you will build a farm, let's say in a room in your house (assuming all resources available, power, cooling...etc.), which hardware will you pick?
Nothing beats the Bitmain S3+. Batch 9 is available and ships in 3 days. |
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To be fair, even bitmain is taking pre-orders atm, and spondoolies has never shipped anything later than advertised.
While they do have some pre-orders, the bulk of their offerings are not. Nobody beats Bitmain's offerings right now, and the S3+ ships in 3 days. |
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You don't have to "assume." It's a matter of fact, not opinion. See HF's response to Morici for the full story. Until then, reread this. S L O W L Y . . .Common sense (and any competent lawyer/law school student) should tell you that statement was made ceterus paribus. Don't speak Latin? Look it up!
The ridiculous No Matter What Even If BTC Goes To One Million DollarsTM interpretation was motivated by pure greed, defies financial/legal reality, and cost many people their opportunity for a 105% refund.
Nope. It was a flat out lie meant to deceive prospective customers into believing they'd get their BTC back if there were delays. Many customers would not have ordered if it were not for that lie. |
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HF would have never been allowed to refund pennies on the dollar, for THE EXACT SAME REASONS they would never be required to hand out windfalls (dollars on the penny).[/b]
You are very confused about the basics of contract law. What HF owed (past tense, thanks to bankruptcy now we get scraps) for refunds is equal to the amount tendered at the time of purchase.
This was all covered exhaustively in HF's devastating response to Prof Morici's absurd windfall demand.
It's great reading and very educational. Perhaps dumb old cedivad will be so kind as to provide a link for us? I may have the .pdf around somewhere if not.
If you really were honestly confused about all this, and not just playing dumb to troll or get a windfall, I'm sorry. But many people have already explained it in detail.
Let's assume you are correct in all of that. That proves the promise of BTC refunds was a flat out lie. |
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It was also possible for BTC to collapse. So what?
In which case they would provide BTC refunds. Simon promised BTC refunds, when he really meant "We'll give you the smallest refund possible. If bitcoin goes down, we'll provide BTC refunds, if bitcoin goes up, we'll provide USD refunds." |
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Lying requires intent. There is no way Simon intended to lie, because on August 9, 2013 he did not know BTC would suddenly explode in value, making full BTC refunds impossible. Are you saying Simon is psychic, or controls the price of BTC? Do you know how crazy that sounds?
Simon is no idiot. Of course he knew it was possible for bitcoin to skyrocket. He knew full well that the price of bitcoin could go up, making BTC refunds impossible. Promising full BTC refunds was therefore a lie. |
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"Lying?" How was Simon supposed to know on August 9, 2013 that BTC was about to set new records by rising 500-1200%?
Because that's what bitcoin does. It has always been highly volatile. No reasonable person would expect HF to be culpable for such an outcome, much less actually believe a tiny new start-up could meet impossible obligations.
Then it was a lie to promise it. Simple. They lied to gain orders. |
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You may disregard relevant details, such as the capacity and authority of the respondent, all you like.
Fine, I'll quote Simon. He confirms the same about of BTC refunds: Now since the only payment option is in BTC Will I get the same ammount of BTC back should you fail to deliver by December 31st?
Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC. Make all the noise you want, it will never change the fact that your expectation for a windfall No Matter WhatTM was unreasonable (based on common sense and common law), impossible (based on financial reality), and harmful (because it led people to lose their chance at 105% refunds by gambling on legally unsound wishful thinking).
Yes, I agree, HashFast was lying from the very beginning about BTC refunds in order to secure more pre-orders. |
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The 51 BTC statement assumed the exchange rate would remain stable, not spike 5-10 times and set new records.
Prove it. Show the statement from HF stating such a restriction. PROVE IT OR YOU ARE LYING. |
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You want some real justice? JZ will be staying at the Flamingo Hotel in Las Vegas from October 5-7. Why don't you attend the conference and stand at his booth every day pointing and telling anyone that walks by how he ripped you off. It's not illegal, it will destroy any business he could get from attending and will drive a bug so far up his ass that he shits diamonds for a week. LOL
He won't be there. He likes to spend customer funds on advertising, but he's not the kind of person to actually show himself in public. |
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Isn't that cute. He's spending your money. |
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so why not invest in a Monarch thing if it wasn't too insanely priced?
It is insanely priced. I won't make back my bitcoins mining with it...And the fun. It's weird and fun to fiddle with.
ASICminer tube. You get to fiddle a bunch, and earn back the bitcoins! |
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People do it all the time, it's called a hobby.
That's one expensive hobby. |
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Guys, almost 3k USD for 1 Th. WHY do you need it?..  Because it is there. C Must be nice having so much money you can just throw it away for fun. |
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Hi cedivad! It turns out that Clobered09 and I did know better than your crummy, impotent, and now long-gone lawyer. Don't try to argue with me about legal stuff, because you will lose no matter how much money you waste on attorney fees.  I'd like to thank you, gmaxwell, Phinneaus, and everyone else who loudly and publicly eschewed the opportunity to cash 105% refund checks in the lulzy, but futile, hope a judge would order HF to give you all 600% windfalls (plus court costs). You guys really set a great example and provided some stellar advice! Every remaining penny of those refused refund checks is now eligible to help pay for my order's unfulfilled MPP. Isn't that super?  It's takes a monumental scum of the earth to come here and taunt the people that you ripped off. WTG ASSHOLE. |
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with the given power at 1160 watts should I settle for 1250 power supply or do I have to buy a 1500 one to be safe?
Assuming a 90% efficient PSU, you will be drawing 1160w out of 1389w, which is under 85% load, so that should be fine (assuming a quality PSU). |
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There is no ROI for cloud mining. The only way you may pull a profit is if you sell your hashing shares to some other sucker. Granted, there are a lot of those out there.
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they can't call it iWatch as that's the name of the program they gave to the govt to use with cctv cameras
Apple names things whatever they damn well please. They don't care if the name is already in use. |
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p2pool is better than solo mining. You get frequent payouts, you're in full control of the mining. There's nothing better.
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Shipping 10 days early. Way to go Bitmain!
Now how about that price on B9?
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