It's laughable.
Ok, how about repackaging a handful of photoshop filters into an phone app... for 1 BILLION dollars? |
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Given the can of motor oil on the shelf, I assume this is in your garage?
It's looking great. Any plans for a backup pump or will you just do software throttling?
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I must admit that I am still suspicious of this particular thread. Anyone who bothered to look at the OPs post history can see that they registered a few weeks before posting, and I find it odd that someone would just book a flight for the hell of it because they just decided to buy 100k worth of bitcoin mining equipment after tinkering with some GPU miners for a short while.
I found out about Bitcoin in early March, 2 days later I found this forum, another 3 days later I placed an order for Butterfly Single, and 2 weeks later ordered MiniRig. Nothing suspicions. You also posted that you lost $10k trading and used to to justify the risk of dropping $15k because you have "guts".  My assumptions are based on my own standard for what is questionable due diligence, but that varies and this is just my opinion. Deep pockets enable you to take bigger risks. I wasn't tinkering with gpu miners for a while, I was following bitcoin from the start. I'm not some random guy who stumbled upon bitcoin, I invested more money on more crazy things before.
Fair enough, I'm not making any accusations, just voicing my suspicions. As a fellow miner I do hope it all works out for you. |
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They have the most demand of ANY miner manufacturer right now, and that's not going to change for a long time. They have a really cheap product for how much MH/s it runs. Because demand is so high, they would likely make less money by conning everyone instead of just continuing to provide the product. Not to mention, a multi-million dollar con would mean they'd definitely be on the run from the law and some serious investigators. I doubt that's the position they want to be in...
I think this is a valid assumption. The fact is that their product works. I'm guessing they had no expectation that demand would be this great. We don't know their profit margin, but I believe it would be MUCH more lucrative for them to grow their business as bitcoin gains traction. I'd go so far as to say their revenue could be in the millions next year if they continue to deliver their products, even if they are late. I appears to have worked out well for them so far, now they just need to hire a few more people to answer emails and provide tech support. I must admit that I am still suspicious of this particular thread. Anyone who bothered to look at the OPs post history can see that they registered a few weeks before posting, and I find it odd that someone would just book a flight for the hell of it because they just decided to buy 100k worth of bitcoin mining equipment after tinkering with some GPU miners for a short while. |
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Legal botnet FTW.
Agreed. Seems like a voluntarily installed botnet to me. This is a good example of one primary point of the CoinLab article (original post). A major hurdle to starting a Bitcoin-related business is the stigma of the Bitcoin "brand." Just because users install and run distributed computing software doesn't make it a botnet. I used to run SETI@Home (and prime number factoring, etc) just because I want my computer to be doing something interesting when I'm not utilizing it. This does not a botnet make. I know it's not technically a botnet, but the topology is basically the same. The business model is not that different from ad supported sites. If successful, it could catch on with a variety of services and really shake things up among miners. Monetize your free software with bitcoin transaction processing instead of ads. It's really a fantastic idea but it's going to come down to implementation. Considering the user base that is happy to install widgets for free games, I wonder if the additional "computer slowness" will even matter. |
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Have you considered that a large number of loans through his network (directly or indirectly) are being used to fund and pay for mining equipment? I would suggest that is helping bitcoin grow rather than hurting it.
If growth slows and things start looking unsustainable, whats to prevent him from simply lowering interest rates? He's already done it once and I don't think anyone made a fuss about it.
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+1 on worker password changes.
Is anyone else having problems with auto payout? I'm above 0.75% for donations but it hasn't triggered. I tried re-saving with another % value but it's still not working.
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This actually looks like the board aren't powered properly. (They USB interface logic is powered by the USB bus, however the FPGAs aren't.)
Ah, I think you just helped me figure it out. I was trying to use the modified molex connectors with the 12V/5V swapped that worked on the rev 2 boards but it looks like the rev 3 boards are only connected on the 12v so it was not probably not getting any power! |
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So does program.py not work to program the new rev of boards? I get this error on both 2012-04-16 21:45:07 | Device 3 opened (A4014PHJ)
Traceback (most recent call last):
File "program.py", line 91, in <module>
fpga.detect()
File "/Users/christian/x6500-6/fpga.py", line 82, in detect
with self.ft232r.lock: self.jtag.detect()
File "/Users/christian/x6500-6/jtag.py", line 81, in detect
raise NoDevicesDetected
Shows up in listDevices.py fine though? Did you ever get this working? I'm trying to run some rev 3 boards and I'm having the exact same problem, but in Linux. The rev 2 boards work fine but the rev 3s report the NoDevicesDetected error when attempting to load the bitstream even though the hotplug manager worker is able to detect them. I'm running the latest MPBM testing branch and have checked all the cables. I'm manually disabling ftdi_sio prior to running MPBM but I'm going to try blacklisting it again next, however that will cause problems with other boards. |
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Will the new quad be available without heatsinks & fans at lower cost?
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Who uses travel agents? I thought they were also replaced by a disruptive technology.
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Looks like a fresh batch of Forex traders' money finally cleared Dwolla...
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That could be it. freshzive, if you're on linux, take a look at the Linux guide for a way to blacklist that module so you don't have to bother with it again. Let us know if you're still having the problem! Keep in mind that if you are running other FPGAs you may want to skip the blacklist in step 4, otherwise they may not be assigned a ttyUSB port. On my system I run rmmod ftdi_sio prior to starting MPBM. I load the x6500 bitstreams and get them mining first, then plug in other devices that require ftdi_sio. There may be other ways to work around it... feel free to share them.  |
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Perhaps you could fix the menus and make them a little more intuitive? Once you log in, if you click "Profile" and then want to get back to your accounts, you have to click "Home" or "Blog" and then "Log In" again. The back button works, but I'd suggest a link. What about adding a persistent "Wallet" tab that has the account options within it instead of replacing the Home/Blog links? The "Contact Us" link also doesn't consistently appear, and clicking "sign out" gives an error: The page you were looking for doesn't exist.
You may have mistyped the address or the page may have moved.
I like your email suggestion a lot. Coinapult.com and Paytunia.com just launched with this type of service. If you decide to implement that feature, please make sure you consider redemption options for the sender if the amounts aren't claimed after a certain time. Also, can you add support for importing private keys using the new WIF for compressed public keys? Great site, thanks for your work. |
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Here is my idea. Every year (or every 52560 blocks) create a special milestone block that contains all the bitcoin addresses and their balances and get that inserted/mined into the block chain. This would allow you to remove the all blocks before that special block from disk/memory. I think ideally you might want to keep at least two milestone blocks to keep some history. This plan also offers the opportunity to reclaim some lost coins. You could declare any address that has no activity in 1 or 2 years as abandoned and award them to the miner who mined the milestone block.
I think you meant to post this here: www.highdeas.comedit - sorry for being rude/dismissive, it had been a long day and I was irritable and tired of "lost coin" recovery suggestions. |
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Thanks for all your work forrest. P2pool keeps getting better. |
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http://bitaddress.orgWallet Details tab It runs in the browser (javascript) so you can save a local copy and run it offline for added security. It supports compressed pubkeys too. I know you didn't mention java but bitcoinj is an option too - http://code.google.com/p/bitcoinj/
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