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1661  Bitcoin / Hardware / Re: Terraminer IV (February batch) is the difficulty too high? on: January 11, 2014, 12:53:27 PM


Really for miners, if difficulty increase hard the price will increase hard too, so you will earn less btc but they will value more...

I have yet to see a valid argument (IMO) that show's BTC price is following diff as you suggest.  I have seen a number of valid arguments (again IMO) that show difficulty follows BTC price.

An increase in difficulty does not mean price of BTC will rise, too many other non-mining external factors can push the price up or down. However an increase in BTC price will almost assuredly bring more hash power to the network as mining profits increase.
1662  Bitcoin / Hardware / Re: Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: January 11, 2014, 04:53:24 AM
Rather embarrassing for a product that was shipping last month and they don't even have a working prototype yet.

Well I mean sure if you use some crazy real world rationale, but if your BFL or one of their Fanbois (who seem to be dwindling by the hour unsurprisingly!) you're right on track, hell maybe even a bit ahead of schedule.  They are probably high fiving each other balls deep in hookers and blow as we speak.
1663  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: January 11, 2014, 01:51:07 AM

Time for Greatest Hits of this thread yet?   Too soon?   I'd like to nominate this one



We should have went with KnC miners.

Figures that I chose another BFL.

Ha! I'm hardware neutral and I've dealt with both companies. One (BFL) is permanently banned from my at-cost Miners Cooperative Group Buys, and the other one has about $30K of our Co-op's BTC for 2 Baby Jets and 2 Sierras thanks to the MPP and pricing.

HashFast has been *nothing* like BFL in all of my dealings with them. John S. doesn't go out of his way to belittle or berate his paid customers on forums, and I've found him & their Customer Service to be professional (if a bit slow, at times, due to their small team size).

Please don't toss HF into the same boat as BFL and Avalon until they've actually done something, anything, that intentionally hurts the miner community like BFL and Avalon.

At the very least it looks like they've revised their stance slightly.

https://bitcointalk.org/index.php?topic=403459.0

1664  Bitcoin / Hardware / Re: Black Arrow - Status of pending orders - Prospero X-1, X-3, and Minion on: January 10, 2014, 11:47:46 PM
I´m interested to buy a preorder 1 Batch - end February 2014  Prospero X1 - offer PM please 

Thanks and best regards

I don't have any but I am curious approximately what would you be willing to pay.  Just trying to gauge a value in case I wish to purchase 1 or 2 as well.
1665  Bitcoin / Hardware / Re: Mining Machines on: January 09, 2014, 12:14:20 PM
This is what poster above doesn't understand if I spent 1,500 and got at least 1 BTC in one month and 3 btc over the next year.let's use real math you can get a good 100GH off sellers on ebay which is the way I would go that way if they are a scam or shady service I can get my money back. I would have about 4 BTC at the end of the year and if it skyrockets like it did this Christmas which I am sure it will do next Christmas I would have doubled my money.

Believe me mate I understand the maths behind it VERY well.  Lets use some real maths shall we.  CH a veteran miner with miners in hand and actual data on BTC ROI is telling you on all the machines he bought he would have had more BTC in hand by buying and holding than mining, and if you want more real maths historical data has shown buying and holding has been significantly more profitable for 99.9% of miners than buying a miner and mining.  That's the real maths mate, I don't really care if you want to ignore them for your made up pie in the sky numbers.  100gh/s plugged into the network has roughly a 0% chance of mining 4 BTC by X-MAS next year let alone it's entire profitable lifetime...

1666  Bitcoin / Hardware / Re: Mining Machines on: January 09, 2014, 04:29:31 AM
Don't buy Bitcoin ASICs, you won't get anywhere near the amount of BTC you would get by simply buying BTC. I've tried BFL, Avalon, Bitfury, KNC... ALL of them have not (and likely will not) break even. KNC/Bitfury is the lesser of the evil ASIC companies.. at least they shipped somewhat on time even though they shipped a half working product (KNC) and a very unstable product (Bitfury). Stay away from HashFast (2+ months late) and VMC (already late and not even close to shipping.. still in design stage) too... they are shady and possibly outright scams.

Don't get suckered in on a pre-order of mining hardware. If you are going to buy an ASIC, only buy one that is in stock and shipping with minimal delay.

You can shut this thread down now, the man said it perfectly.  So far history tells us that for all but a very select few no machines have returned more BTC than they cost or the BTC that could have been bought and held instead. 

Exponential hash rate increase is not slowing down for a few months at least.  We have barely hit the tip of the iceberg in terms of number of PH's hitting the network on a weekly/monthly basis.
1667  Bitcoin / Hardware / Re: VIRTUAL MINING CORP on: January 09, 2014, 02:53:58 AM
kslaugher finally admits there are no chips and no boards. Not even in theory - they aren't past the design phase!

Our engineers are still designing our board. We had to change our engineering firm, and
learn a few lessons about hiring an engineer firm.  We don't have a date at this time.

Due to our inexperience with design, we have had a few set backs; however, we have hired
the most competent RTL design team to make sure that when we spin up our chip it will work.  They are
very competent at Low-Power and getting the most speed from the chip.

AHahahahaha. Yeah, they are fucked.

We should start a pool on when they go bankrupt.

Something tells me the bASIC play book is getting another kick at the can so to speak.  And fuck why not, worked out like a fucking dream for old Tommy boy!!!
1668  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: January 09, 2014, 02:49:31 AM
Wow.
that is where you guys are at after how many months?
What are the assets of this pig?
Other than the IP that does not work and does not have a drawing of a board?
Did you guys ever buy any more than those 6 avalons?

Can anyone say bASIC 2.0.
1669  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: January 08, 2014, 04:28:14 AM
anyone know if a batch 1 user can get a lawsuit going based on TOS?
http://198.27.67.106/hashfast.pdf

It seems so.

What I found interesting in this case is the heavy references to the term "In stock" on the website. I guess terminology matters.

As interesting IMO on a much larger scale than just HF was this part.  Essentially this should serve as pretty good notice to current manufactures that refusing to refunds to a customer that wishes to cancel there order is a violation of the law (in this case Cal but you can bet most if not all states have similar laws).  There is a reason that using pre-order customer funding for start ups is only done in the back streets of the BTC community.  Hell even kick starter got fucked to many times and now all they allow are "donations", ever wonder why that is?  It's for legal liability issues, the only way to get out of them and still have customers fund start ups is to have the customers agree to "donate" the money and IF you eventually get something in return good for you, if not well good for you as well.

I don't care about NRE or buying supplies to make product and neither does the law, there is a relationship between the consumer and the business, each of those parties assume certain risk, this doesn't get changed because there bitcoin miners or it's new technology, the laws of consumer retail dont fucking change.

BTC needs this stuff to shake the fuck out if you all want big business money to roll in and BTC value to skyrocket.  The real world doesn't operate like this and won't tolerate it forever.

THIRD CLAIM FOR RELIEF
(Violation of Cal. Bus. & Prof. Code §17200, et seq.)
57. Morici realleges and incorporates by reference all preceding paragraphs of the
Complaint.
58. The acts and practices of HashFast as alleged herein constitute unlawful business
acts and practices within the meaning of Cal. Bus. & Prof. Code §§ 17200, et seq. HashFast has
engaged in unlawful business acts and practices as alleged above, but in particular by their
violation of Cal. Civ. Code § 1723, which requires merchants to “conspicuously” display any
no-refund policies, and to provide refunds to customers who attempt to return goods within 30
days of purchase. HashFast has engaged in unfair business practices as alleged above, but in
particular by failing to provide Morici with the option to consent to a delayed shipping date or
cancel his order, in violation of 16 C.F.R. § 435.2. Further, HashFast has engaged in unfair
business practices as alleged above, but in particular by inducing Mr. Morici to purchase
HashFast’s products by making inaccurate representations regarding delivery times and failing
to follow the aforementioned laws governing Mr. Morici’s cancellation and refund rights.
59. HashFast’s actions have caused Morici damage.
60. HashFast has been unjustly enriched and should be required to make restitution
to Morici pursuant to Cal. Bus. & Prof. Code § 1723.
1670  Bitcoin / Hardware / Re: With so many miner in the market, what would be the BEST BUY out there??? on: January 08, 2014, 03:30:40 AM
Bitmain and Antminer are the same!

trollvoted BFL, they will need it

Thanks brother Smiley

You got something against Bitmine?  Why don't you add them?

lol no Ill add them but i would like to see a website on the miner?


https://bitcointalk.org/index.php?topic=291141.0
http://bitmine.ch/

LOL you have AMt on there and they are using Bitmine chips but don't have bitmine on the list?

:0) Sorry, you can vote now Smiley lol

LOL I already voted bro! I'm not a BTC ASIC miner (I voted buy and hold), just thought they should be included as they are way ahead of some of the others on the list ie they have their working 28nm silicon!

You also forgot bASIC!!!!!!!!!!!!! (that's a joke btw)
1671  Bitcoin / Hardware / Re: With so many miner in the market, what would be the BEST BUY out there??? on: January 08, 2014, 03:25:19 AM
Bitmain and Antminer are the same!

trollvoted BFL, they will need it

Thanks brother Smiley

You got something against Bitmine?  Why don't you add them?

lol no Ill add them but i would like to see a website on the miner?


https://bitcointalk.org/index.php?topic=291141.0
http://bitmine.ch/

LOL you have AMt on there and they are using Bitmine chips but don't have bitmine on the list?
1672  Bitcoin / Hardware / Re: With so many miner in the market, what would be the BEST BUY out there??? on: January 08, 2014, 03:20:18 AM
Bitmain and Antminer are the same!

trollvoted BFL, they will need it

Thanks brother Smiley

You got something against Bitmine?  Why don't you add them?
1673  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: January 08, 2014, 02:15:44 AM
Morici v Hashfast Technologies
Case5:14-cv-00087

http://198.27.67.106/hashfast.pdf

What a fantastic read, soooo much win in there, finally we get to see these morons who think using customer money as start up investments is a good idea get a lesson in reality.  It's about fucking time!

I sure hope this opens the flood gates on these manufacture's, I am constantly astonished by the fact that so many people can not understand a simple fact.  When you take a CUSTOMERS money before you ship a product they have the RIGHT to receive a refund any time for ANY reason they want.  What these manufacture's have been doing to you poor miners is criminal and it's about fucking time some one who was burned pulled their finger out of their ass and showed them!


1674  Bitcoin / Hardware / Re: With so many miner in the market, what would be the BEST BUY out there??? on: January 07, 2014, 10:58:09 PM
You should add Bitmine, they have a working 28nm chip and miners expected to ship sooooooooon lol
1675  Bitcoin / Hardware / Re: A new ASIC miner announcement on: January 06, 2014, 02:08:50 AM
Well at least thank you gmaxwell for the bad rating!

Now if we could just get similar treatment for our lovable retard from BFL, we might actually be making some headway.  Guess I won't hold my breath...
1676  Bitcoin / Hardware / Re: Off-Topic on: January 05, 2014, 04:53:42 AM
Why don't they just cash-out some of those coins and pay people back? They could probably have made the coins back easily by selling at $1200 and buying back at $600. No reason for them not to end this cleanly.

They get to keep more money if they don't pay people back...  and since most people here are content to take it up, I mean write it off why would they refund anyone?  It seems awful clear at this point refunds ain't happening without some external pressure...  Whether it makes sense to try and apply pressure well that is definitely a matter of debate and personal circumstances.
1677  Bitcoin / Hardware / Re: Official Thread: AMT on: January 04, 2014, 12:24:06 AM
I do hope they get you your machine very soon. 

Send the hope to someone else (or maybe you meant it generically).

I have an unnatural aversion to funding someone else's start up company and not getting equity in return.  I prefer to be an investor or a customer. I've never been nor do I ever plan in being an investomer.  Admittedly this has kept me from purchasing any BTC ASIC miners but I can live with that and so can the coins that will stay in my wallet for the time being (and I'll add a few more friends for them with my GPU LTC rigs!).
1678  Bitcoin / Hardware / Re: Official Thread: AMT on: January 03, 2014, 12:28:16 PM
Update.

Jim at AMT has just sent me a tracking number. I should be receiving the unit today, according to UPS. Being what a crazy day it's going to be, I probably won't be able to update anyone beyond that till after the weekend, but I will do so as soon as possible.

What did you order?  When did you order it?

Can you send us photos when you receive your unit?

He didn't order anything, AMT is giving him one to review for the forums.  Seems like he will get a demo unit (presumably to help drum up sales for AMT) before paying clients get there already late units.

Don't kill the lucky guy, eh? I really didn't solicit this. I'd be lying if I said I was unhappy about it, but I ain't trying to do any harm.

I apologize if  my post gave the impression you solicited this or you where trying to do any harm at all.  I was merely attempting to point out that the company prioritized a demo unit ahead of using those materials for a paying clients already late machine.  A little BFLish IMO from the company, nothing against you mate!

Oh and http://dustcoin.com/ has a list of some of the SHA256 alt coins, good luck and happy hashing!
1679  Bitcoin / Hardware / Re: Official Thread: AMT on: January 03, 2014, 12:15:53 PM
Update.

Jim at AMT has just sent me a tracking number. I should be receiving the unit today, according to UPS. Being what a crazy day it's going to be, I probably won't be able to update anyone beyond that till after the weekend, but I will do so as soon as possible.

What did you order?  When did you order it?

Can you send us photos when you receive your unit?

He didn't order anything, AMT is giving him one to review for the forums.  Seems like he will get a demo unit (presumably to help drum up sales for AMT) before paying clients get there already late units.
1680  Bitcoin / Hardware / Re: public record, case 13LA09619 won against BFL on: January 01, 2014, 01:32:28 PM
Interesting.  First I've heard of this... I wonder who they served (if anyone in BFL).  You know you really screwed up your "win" when the defendant first hears about a case on an unrelated 3rd party internet forum, heh.

Should be an open and shut case to get this re-opened and dismissed.



LOL the Organ Grinder didn't tell the Monkey Boy they got served.
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