I have not ever withdrawn, so Nefario would get to keep my BTC if using the withdraw address.
I'm in the same boat. I've never withdrawn anything from GLBSE. However, the address I used to fund my account would work. I would hope he'd email account holders to establish what he should do for their accounts. Every account has an email address associated with it. Same on both counts. What he really should do is just bring the site up, with trading disabled, so ppl can just withdraw themselves as normal. |
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In addition, BFL, BTCFPGA and Avalon (I think also is based in USA but produced in China) were U.S. companies and these devices are classified under the "U.S. Bureau of Industry and Security export control", so they can simply refuse sale by your country of origin.
Q: Will the finished products ship from China?
yes |
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1) I've always appreciated how both Theymos and Mt. Gox have managed this forum. I've had my complaints, but they could do much much worse and their performance speaks well of them (imo.)
Possibly OT, but how is Mt. Gox affiliated with forum management? I was unaware of a connection. |
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By the way... when is later today for nefario?
Chorley time is currently at UTC +01:00, so it's a bit after 9 PM there now. He has just under 3 hours left in the day. |
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BTW, i've just decided to cancel my order with you.
What was your order number? I'm hoping I just got bumped up a place in line.  |
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Scammer tags aren't balanced out with anything like a scam accuser tag so many marketplace threads are full of baseless accusations, a lot even have posts stating 'this is a scam' without any attempt at an explanation. This puts a lot of pressure on the trader to justify themselves while allowing the trolls to run free.
Would an opposite to the scammer tag make sense and would it put too much pressure on the mods?
Really we could use a more comprehensive feedback/rating system a la eBay, or even integration with WoT. I believe there is a large bounty offered in another thread for better forum software. I hope this kind of feature is a part of that effort. |
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Just thought I'd leave this here. I assume it does not help us, or it would have already been used. |
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On September 24th theymos falsely announced that he was selling a package of 23% of Bitcoin Global stock.
How is this false? Was he not really offering the shares for sale? On October 5th theymos himself admitted to having lied in his previous representations, in that the block of shares he was selling were not entirely his, but he was acting as representative/broker for a number of other parties, among which was bitcoin.me and others. Also on this occasion he disclosed his previously undisclosed position as board member of the company.
He never said the shares were his, he just said he was selling them. He also disclosed his position as Treasurer right in the OP. Here it is (in part): I am selling 17500 shares of BitcoinGlobal, the owner of GLBSE. There are currently 77500 total GLBSE shares, so this represents a 23% share in GLBSE.
My reason for selling:
Some big legitimate Bitcoin businesses have expressed interest in listing on GLBSE, but they can't do so because GLBSE might be illegal. Nefario would like to change this by making GLBSE a legal company and following all relevant regulations. This could potentially increase profits, but I don't like the idea of abandoning small and "dubious" businesses, I don't like lawyers and regulations getting in the way of business, and I certainly don't want to be officially/legally listed as a shareholder (and especially not treasurer).
As for the SEC business. He just offered his opinion that the emails were fake. |
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I wonder how much someone could make from running a scam where they setup a business, then freeze all clients funds and only return them after receiving massive amounts of personal information and documentation citing AML for the reason. What kind of percentage of people wouldn't want to lose their privacy and how many bitcoins do you think you could get from running a scam like that?
Pretty much what MtGox did. At least with them, we still had the option to send our BTC elsewhere without going through that all the paperwork BS. I believe the paperwork only kicks in to hook up to Dwolla and the like. |
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I've heard good things about Dreamhost.
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BFLcoin is coming for testing the ASIC's & you can trade'em in for cool stuff like,T-shirts,mugs,pens,hats,coffee warmers I think I've seen that mug somewhere. |
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These ASIC mining offerings are 1st-gen designs, rushed to market, because time is money in this game.
I'm sure there is lots of room for improvement in subsequent generations. Process size is the most obvious area. All of the makers who have stated their feature size are using 130nm or 110nm.
There is likely also room for improvement in the SHA256 IP cores themselves, and in their management by the supervisory mining logic.
It's not so much about the Gh/$ or Gh/chip as it is about Gh/J.
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Please excuse me if these questions have already been answered. I have not read this entire thread.
Was the plan originally to distribute the proceeds from mining with the ASICs to shareholders by paying a dividend (through the exchange)?
Now that the exchange is gone, how would this be expected to work? Could you instead maybe point a proportionally appropriate amount of hashing power at each shareholders' designated pool account?
I'm still interested in buying into this effort if the loss of the exchange can be overcome, and would love to hear how I might be able to do so.
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if you take the numbers from https://bitcointalk.org/index.php?topic=89685.0 as a sample, you find that there are actually more single SC units being sold than jallys (also straight order numbers doesn't take into account multiple units per order). hash rate will be even higher... of course there are lots of unfilled orders from 0-9000, so they don't actually have 9000 real orders..lots of failed orders are part of that number. I think BFL_engineer said they had something like 5k units on order or something like that last week. I did some crunching on those numbers in that thread, to extrapolate and predict the revenue received based on the available data, and arrived at this:
Product Qty Dollar value
Jalapenos: 208 $30992
Singles: 108 $140292
Single trade-ins: 118 $76641
Mini Rigs: 6 $173400
Mini Rig trade-ins: 15 $216750
Documented total orders: 455 $638075
Value of average item ordered: $1402.36263736264
Inferred total orders: 7029 $9857206.97802198
That does not adjust for orders that may be unpaid, refunded, duplicate, or otherwise invalid. If you were to discount 20% of the orders, that would be about $7.88m received. If you extrapolate a bit further (again not accounting for invalid orders) you can calculate:
Product Qty Hashrate (GHps)
Inferred Jalapenos: 3213 11246
Inferred Singles: 3491 139653
Inferred Mini Rigs: 324 324415
Totals: 7029 475314
How are you coming up with the inferred total orders of 7029? It measures the delta between the lowest order number in the list and the highest order number. |
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Wow. This is crazy. Although I don't follow the forums daily, it seems like this came out of the blue. I actually thought GLBSE was one of the more reputable BTC sites. I was in the process of liquidating some things on there and pulling my money out, mostly because I didn't see any investments that was worth the risk. Now I'm out about 40 BTC. Sigh.
I'd say the first real sign of serious trouble was around September 26 when Nefario abruptly stopped posting on the forums and let the goat/TYGRR situation land where it may. If you check his profile, it shows activity only yesterday, but no posts since the 26th. I don't know if he's PMing ppl or checking PMs, or just keeping an eye on the posts and forgot to logout. |
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What's not to understand? This machine just performs one part of the process. The parts that go into the machine still have to come from somewhere, and there is a lot more processing involved besides just running the units through the reflow oven. It's not like the replicators on Star Trek where they just say "make me 9,000 BitForce SC products" and it fabricates them out of thin air. |
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To contrast, ASICMINER has already stated that they will be using a 130nm process, and ngzhang/Avalon stated from the outset that 130nm or 110nm will be used. I don't think cablepair/bASIC has disclosed their process size.
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It would be nice to know how much nm will use the manufacturing process of the BF ASICs.
I want the one with the smaller Enn Emms 1. |
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