fuck SCAM
Elaborate please. Have you sent money? |
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Why do you or AM shareholder in general think that I have a lot of hate towards AM?
Because you keep making up shit about AM and try to pass it off as facts. Please contradict my shit with real world facts. Where is AM now in the mining world? AM is a small player when it comes to self mining and when it comes to consumer business. They had/have some business 2 business contracts, but nothing big. Does AM compare to Bitfury, KnC, BITMAIN? I don't think so. Again, if you can contradict me with real world facts please do, but if you plan to just insult me then just don't bother replying. What's the speed of AM self mining? Nobody knows. What's the speed of Bitfury's self mining? Nobody knows, but it's the highest % of the network. These are the big boys. AM is just playing in the sand at this moment.
So, you admit you have no idea how much hashing power AM are mining with then proceed to call them little kids playing in the sand. The only thing you do know is that they had 60 Ph/s worth of BE200 ASICs back in June. That's almost 1/3 of the network hash rate today. Clearly small potatoes.  [/quote] You want to bring that up? Sure. Let's bring the 60PH/s of chips issue again to discussion. At 0.5$/GH you need 120M$ just for the miners, not counting the deployment costs if you do it on a large scale and I find really hard to believe that there are so much money flowing into mining with this exchange rates and in such short amount of time. If AM had a lot of self mining hashing power they would brag about it right away. Why don't you add all the known big miners along with the public pools to see how much is left for AM. Put Bitfury at 50%, KnC at 5-10%, BITMAIN can't remember and so on. There is not a single reason for AM to hide their hashpower unless it was really small. If you know a better one please share. |
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Guilty until proven innocent, eh? Like Saddam Hussein and his WMD's? Way to go America! High5!  Jesus Christ. That could be done in 5 minutes. Bring up all the contracts and it's all clear there. What is clear? It is clear that there was nothing else signed with eASIC than the NDA and there were no other attempts to create a custom chip. |
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For those with experience measure KW/hour costs. Could you please tell me if the following calculation is correct:
1 Month with 30 Days has 720 Hours
24h x 30 days = 720 hours
1 SP30 = 3Kw
To calculate engery : Energy = Power x Time
So the SP consumption Kw/h will be : 3 x 720 = 2160 Kw/Hour
If the price would be 0.1$/KWh then one would pay 216 USD per month?
Thank you
This sounds about right. ~220$/month. |
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This is bullshit. They still mine. But they take the proceeds of that mining and resell it for their benefit. That is mining. They are totally outside the scope of their statement. It is an outrage.
KnC has now removed the 5% promise from their FAQ page. I guess they think this means the promise no longer applies? Did their promise to not mine more than 5% somehow get revoked? What if we as customers/suckers believed they would hold to this promise and we relied upon that assurance when we made our decision to purchase their mining gear? They think it is OK to go back on that promise now?
I know. I was just imagining how would they excuse themselves. I bet that if they have 7PH for selling they have another 7PH for themselves... |
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I wonder if we can buy hashing power, and use that to point to our own pool, or maybe even ck's pool (solo miner pool thing)... then hope to get 25 BTC by solving a block within the next 6 months during the hosting contract.
Don't think so: * KnC Clear Sky Pool (PPS). |
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Your criticism is flawed. You're obviously not from an engineering background. If costs scaled perfectly for R&D, AM et al would all be on KnC's level of technology right now. I compare the 40nm costs to those of smaller architectures using a roadmap analysis. This is imperative because (1) as the difficulty continues to increase, the only way to match the required exponential increases in network hashing power to energy costs as the BTC price stagnates is to use more powerful (density-wise) chips, and (2) the efficiency engineering comes after you've completed a prototype at a smaller architecture - the "fine-tuning" of your draft chip design, followed by the hardware design process and the efficiencies that can be gained therein.
Your critique neglects to acknowledge that mining is an arms race and will be for the foreseeable future. If you're fighting a war, sure you can bring a million musketmen to the battlefield, but they'll be a pittance compared to your enemy's cruise missiles.
Quoted for future reference. Coming from an engineering background person you made me LOL with this post. Cruise missiles...LOL! You reminded me about ROFLCOPER! Ha, quoting you right there! I don't necessarily think they'll achieve 15%, but why not at least 5%? I don't think that's totally unrealistic, maybe even 10%. I'm just saying, who knows what AM is doing, they may very well be putting massive amounts of hash rate online as we speak!
Down 10% already? That's a big swing! If I were a shareholder I would be sad to not know my companies future plans. Almost 2 months of self mining and nobody knows the hashrate... |
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I think the strategy of AM is effectively to offer a much cheaper price for the hardware they sell in order to make it impossible for the competition to sell their miners. That way the competition loses their income streams! I believe AM doesn't rely on the profits they make from selling the hardware. I think they're quietly deploying respectable amounts of self- and franchised-hash rate and for now use the revenue to deploy even more. One day FC will come around the corner and say "well, look at our 15% of the hash rate" - is that soo improbable?
I will donate 0.5 BTC to Sean's Outpost when AM will reach 15% of the hashrate! |
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Hello All, what does it mean: "pool data successfully saved but failed to restart miner"?
Exactly that, just restart miner gate and it should work. Where can I find miner gate? sorry for this questions but blinded at the moment .. will only have access later on. Home page! |
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For second time after Silk Road we see a real use for Bitcoins in the news!
What was it Zvi, has bitcoinhookers.com gone live ?  Close. It's The Fappening!!! Last I checked it cost 0 BTC. We were talking about the news...not about internet freedom One week for the Group Buy orders is over. Would be nice to compare some pools and or different travel times to the Data Centers. Till now I mined only 0.5 BTC in P2Pool... First day hosted in ST DC. My shares and the pool luck sucks these days...  First time miner? It's called variance and it usually levels off in time. |
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lol. spondoolulz maybe? anyway, whats with all that hate towards AM recently? Why do you or AM shareholder in general think that I have a lot of hate towards AM? You are deeply wrong. I don't consider AM such a big thread neither when it comes to mining(Bitfury owns here), neither when it comes to selling miners(BITMAIN owns here). Don't get me wrong, but when we read about KnC getting a shit ton of funding for more DCs ( https://bitcointalk.org/index.php?topic=170332.msg8628790#msg8628790) and comparing to AM who has to sell at minimum profit just to get rid of hardware, I see a big difference and it's not hate. It's reality. KnC just stated they have 7PH spare mining power. What's the speed of AM self mining? Nobody knows. What's the speed of Bitfury's self mining? Nobody knows, but it's the highest % of the network. These are the big boys. AM is just playing in the sand at this moment. This is not about SP-Tech. It's about the reality. Look at BITMAIN business model. They are self mining and also selling hardware. And they do it good! How is AM comparing to BITMAIN? Again they are playing in the sand. I repeat: This is not about SP-Tech. Please get that out of your system and just look at the OTHER companies. Because the R&D costs to develop and manufacture 20nm architectures and beyond... Stopped reading here. Why do you compare the costs of a 40nm miner ONLY with the costs of a 20nm and beyond miner? What about better 40nm chips? Or maybe 28nm chips? Your comparision is flawed. |
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I wonder also if the institutional miners will act rationally with prices being such. The desire to break even on initial investment I would think could lead them to sell even for a loss initially. I don't smell many holders in the big guys as they seem to be non-believers. Fiat still rules bitcoin.
Luckly we have one big miner that is holding most or all of the coins and that is Bitfury. I suspect that the rest are holding less than 50% of what they mine. KnC stated that they aren't holding any. Damn tards! |
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....
That being said, the pricing of the tubes, even given the slight miss in performance, is absurdly phenomenal. I'm not sure we'll see anything close with SHA256-based hardware at this price and scale for years, and possibly ever again, and certainly not after the next block reward cut.
While I agree with the rest of your post I can't agree with this statement. I don't think that you really believe that you will not see this price for years! YEARS!!? Really? Why years? Isn't it a bit too much considering that the competition is somehow close to those prices? |
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Yeah, but what happens with the hash rate before it is "sold" ?
I bet you only need one guess. No need to guess. It's a known fact. It's burning the units for testing purposes! |
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an update on Hydro66 - we've reduced our pricing and have several hundred kW available for immediate use.
Do you still have a 50kW minimum limit? |
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Please read my post again. I said that past performance isn't a reference for the future performance. If you want to play the yes-no-yes-no-yes-no game then just let me know.
This is not an issue of profitability for consumers. It is an issue of profitability for AM. It is inarguable that having the capability to produce single-chip USB miners allows you access to a specific market. If you (choose to ignore)(get blocked out of) that market, then you do not realize any profits from it. It is also inarguable how lucrative this market has been in the past. There is always the possibility that the future will be a completely different dynamic. However, I defy anyone to suggest there is no market for single-chip USB miners. In fact, I tend to think the market for USB miners at this time may be higher than the market for larger industrial-style machines from a total capital investment standpoint. You still don't get it. Let me put it this way: There is no specific market for USB miners like it was last year. You are basing your assumption on something which took place in the past, totally unrelated to the present or the future. Move on! How much power does a single BE200 chip consume anyway? If it's ~0.7 W/GH and nominally 10GH like I read, that's approximately 7W. I guess it should still be possible to run them on high power USB ports. Feel free to buy a batch of chips and turn them into consumer-friendly USB miners, if you're convinced about the potential. You are a shareholder and you don't know BE200 chip performance even if it was released in April? Wow. Actually, I am exploring developing USB hubs that can provide adequate amperage to handle current and future developments. No one else seems interested in doing so. Don't you wonder why no one else is interested in this? 9TH for 7,9BTC is the best offer that have ever been made so far in the bitcoin mining industry. I still cant make up my mind as to how fast it has evolved since barely a year.
The best offer that isn't selling! (and that isn't bringing you any dividends) |
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For second time after Silk Road we see a real use for Bitcoins in the news!
What was it Zvi, has bitcoinhookers.com gone live ? Close. It's The Fappening!!! |
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I know that you are not expecting a reply from KnC so I will try to answer you. Technically once they sell the hashrate they don't mine with it so they are within that statement. Of course there is mining that is happening since Feb/March, but they don't care. FU Sam Cole and FU whole KnC team (except maybe Markus). |
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I'm trying to figure out why cloud mining is such a rip off right now. You figure that there would be some price competition to bring the prices closer to reality. Because people are willing to pay unfortunately. |
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