...so why claim 80 at all? Isn't this 125% of your current best result?

Shall I take that as a no?

When? ...or if? Does that mean that you expect them all to reach 64, but recognize that some may not? Do you have any estimates on how many may not reach this speed? Given that some may not reach 64Gh, do you have any estimates as to how many will reach 80Gh? This is important as the range specified(40-80) is so huge that it covers the distance between a reasonably priced product and a horrible value.

...based on? Confirmed net hashrate of all the companies I mentioned above is umm...what's ActM's hashrate again? 430Gh? ...and how much have these companies absorbed from the crypto security market? Performance to date is rather unimpressive to put it mildly. Let's add the total market cap of all of these companies and calculate the yield based on their hashrate shall we? I believe that return would be similar to what you'd get from the local counterfeiter banker for opening a savings account.

Growth investors are flocking to these things, yield investors need not bother. So here you have another pure growth play with no growth catalyst for months into the future.

That argument will cut in several directions. Traditional mining companies such as the one I manage have had their share prices crushed by the perception that only large players such as ActM, BTCGarden, icedrill, labcoin, PETA-MINE, etc forever will be competitive going forward. Thus far that argument has proven specious at best and these large players are firmly set on a collision course in Q4. I'd guess that management at these companies will do fine, but their shareholders will not.

CORRECT. We've also known that ActM was going to fill this lengthy hashing void with a large chip order from Avalon that through no fault of ActM's will not happen. However it doesn't change the fact that there's no reason whatsoever to invest in this security at this time. As people recognize this fact and sell the share price drops.

It's called Activemining. If management wished to actively mine between now and November they presumably have the resources to do so. No the Avalon disaster is not the fault of management, what they've done(& not done) since is.

Ugh.

Two guys JUST reported back from a trip to bfl headquarters.

https://bitcointalk.org/index.php?topic=150803.0

Guns blazing is meaningless. Figure out how they're benefiting from this scam and expose that. I fail to see the huge benefit for bfl if they're not mining equipment that's already been sold.

Fear Uncertainty Doubt. It's nearly always applied with negative connotations...though it's only the counterpoint to irrational exuberance.

Seriously? Type "butterfly labs address" in a google window. The address will be all over the page...no need to even press enter.

Neither is a scam. They're both stalling because they have nada at this time. ActM is at least being transparent about it.

Their website was to be updated over the weekend too, but that didn't happen.

You have to go digging for even their claims as they're too stupid, busy, or incompetent to update the OP with their latest unmet obligations.

There's zero reason to be invested in this garbage at this point, unless you like playing the roller coaster swings and hope someone will be there to hold the bag for you at each high point.

Cross Post


https://bitcointalk.org/index.php?topic=280570.msg3167570#msg3167570

IOW, there's no incentive to sell products at a reasonable price, because cryptx will simply deploy those that do not sell to his mine. This is what ASICMiner and bitfury are doing as well and it virtually guarantees that products are sold at prices that will not return much(if any) profit to investors.

Given that bfl is taking non-transferable pre-orders for their next gen vaporware product It seems a safe conclusion that they're content to keep the current scheme running for the foreseeable future. They missed an opportunity to improve their standing by funding their next gen device (monarch) with funding already in place from the sale of their sc line. This would have allowed them to join ASICMiner as the only vendor shipping gear immediately upon receipt of payment.

Agree. I'm not one of those decrying the death of mining...far from. However the huge number of pre-orders already in the system will allow mining to remain unprofitable longer than it otherwise would have as those making pre-orders with lengthy lead times are doing so with incomplete or incorrect information. The portion of these pre-orders that are not eventually refunded are a sunk cost and whether these pre-orders will make their money back for their purchasers or no will not matter. They will eventually see the blockchain so their owners will see a loss that's < 100%.

An increase in exchange rates will both allow older otherwise unprofitable equipment to remain on the blockchain longer AND increase the purchasing power of btc holders that wish to purchase mining equipment priced in fiat.

We know that equipment will become cheaper because we've seen nearly every manufacturer dropping prices recently. August bitfury > October bitfury; Sept knc > Nov knc; December CoinTerra >> January CoinTerra...etc. Manufacturer's margins will contract and those purchasing on the steep side of that slope are unlikely to ever see a positive ROI.

Cheers.

Grats klondike! How'z it feel to be free of the dark side?

That's correct. With the network crossing the 1,000Th mark last evening it should become increasingly obvious that mining equipment is overbought. The huge number of pre-orders expected to come online in the next few months will make it difficult for anyone to see a positive ROI at current prices.

The bigger problem is that they're burning credibility. I see their website hasn't changed over the weekend...

Almost unbelievably they've been too busy to update the OP with the many missed deadlines and changes. Even TheSwede75 is too busy? Near as I can tell he doesn't know how to do anything save type. So why can't he do it on the OP which has a last edit date of July 31?

...and by "men" I assume you mean conniving weasels?