How about an alternative theory for why BTC prices are down. MTGox, the largest BTC exchange on the planet isn't sending USD wires. This has lowered trading volume and when that happens, prices are going to be more volatile. For those that need to sell large amounts of BTC, there are few places to do this quickly and they'll take lower prices.
Gox didn't suspend USD wires, it just went slowly. They have added new bank today. https://mtgox.com/press_release_20130704.html |
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If you think you are going to have customs problems, ask for the miner to be shipped without a power supply and source an approved one locally yourself. This is what Avalon have been doing, and probably why KNCminer are going to ship without a power supply.
The alternative is the possibility of not having your ASIC miner.
I can imagine the answer from BFL: All sales or final, we can't do it. They have already been shipping Singles without power supplies for some people, this is obviously a potential problem, and it would be nice if you helped people with useful suggestions or refrain from posting. |
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If you think you are going to have customs problems, ask for the miner to be shipped without a power supply and source an approved one locally yourself. This is what Avalon have been doing, and probably why KNCminer are going to ship without a power supply.
The alternative is the possibility of not having your ASIC miner.
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Keep it going Josh .. I am sure you will continued your little ranting and bad mouth others  What have you done to make others proud of you. ?? Can we keep this thread about KNCminer gear please, rather than turning it into yet another BFL trolling thread? |
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Ya, they are selling without a doubt
The evidence? Why would an investor drive the price down and not up? Because the investor wants or needs fiat. So why drive the price down, why not bargain for more fiat? The main people that tend to drive the price down, are brain dead miners that think they mined their coin for next to nothing and any return is ok, or people trying to buy BTC at a lower price in anticipation of a rise. People who need fiat tend to make smarter smaller transactions not to rock the price. |
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Ya, they are selling without a doubt
The evidence? Why would an investor drive the price down and not up? |
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No one should be ordering at this point, period.
They need $3.5mill in pre-orders to fund the chip run, similar to the once off funding issues BFL had for the first wafer run. My main concern is the 250watts of each chip. I don't know of any chip with that much power consumption, it will need fans like a whole GPU card and more. The package will need a massive TDP rating. I won't be ordering until these things are out in the field and proven. I am not a lab rat. My 7970 is 28nm, and draws more than that.... hahaha That's a whole card with countless components, not one chip, and video cards have like 3 fans and massive heatsinks! Your point is?... and the machines in Question are much bigger than Graphics cards, aren't they? You have doubts... you should post them elsewhere..... and go buy a BFL product, from a convicted Mail fraud Felon. It's pretty obvious you don't have an electronics design formal education, I do. |
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No one should be ordering at this point, period.
They need $3.5mill in pre-orders to fund the chip run, similar to the once off funding issues BFL had for the first wafer run. My main concern is the 250watts of each chip. I don't know of any chip with that much power consumption, it will need fans like a whole GPU card and more. The package will need a massive TDP rating. I won't be ordering until these things are out in the field and proven. I am not a lab rat. My 7970 is 28nm, and draws more than that.... hahaha That's a whole card with countless components, not one chip, and video cards have like 3 fans and massive heatsinks! A big chunk of the 7970 power consumption are the components on the back of the board and the 3GB GDDR5 Memory. |
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No one should be ordering at this point, period.
They need $3.5mill in pre-orders to fund the chip run, similar to the once off funding issues BFL had for the first wafer run. My main concern is the 250watts of each chip. I don't know of any chip with that much power consumption, it will need fans like a whole GPU card and more. The package will need a massive TDP rating. eg. a Pentium 4 Extreme Edition, one of the most power consuming CPU's of all time, was about half that rating. I won't be ordering until these things are out in the field and proven. I am not a lab rat. |
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That newsletter suggests the Jupiter draws 1,000watts and has 4 chips, that's 250watts per chip! I raise my eyebrows like Mr Spock, because a 40 x 40mm HFCBGA is typically for 60watts, not sure how much more 55 x 55mm gets you. |
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The greedier ASICMINER gets, the less profit they make on each coin, that's because their energy costs rise as fast as they add gear. At some point they wont be able to pay a dividend as all their revenue will be going into running the bloated ASIC farm, for roughly the same number of coins each week. Then there is a good chance they will have to close up shop, leaving a lot of worthless shares, but also that means 1,000TH/s+ suddenly disappears from the BTC net hash rate, and confirmation times blow out until ridiculous, effecting everyone.
Of course it is so obvious, they are doomed. Wait why couldn't they just stop expanding? If they are going from 29TH/s a month ago, to 800-1,000TH/s as suggested by the OP, that's exponential growth, and exponential growth is seldom sustainable. http://www.peakprosperity.com/crashcourse/chapter-3-exponential-growth |
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+1. On that note, if KnC were to consider an "IPO" on one of the exchanges, I'm very certain they'd get any reasonable funding they'd want. Everyone is looking for the next AM.
Without a working prototype to demonstrate, IPO style funding would be tricky, and it takes a long time to organize. Kickstarter or pre-orders would be more practical. |
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The greedier ASICMINER gets, the less profit they make on each coin, that's because their energy costs rise as fast as they add gear. At some point they wont be able to pay a dividend as all their revenue will be going into running the bloated ASIC farm, for roughly the same number of coins each week. Then there is a good chance they will have to close up shop, leaving a lot of worthless shares, but also that means 1,000TH/s+ suddenly disappears from the BTC net hash rate, and confirmation times blow out until ridiculous, effecting everyone.
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Then it won't decommission any engines regardless. My firmware was slightly more conservative and made sure the engine returned at least one valid nonce.
Which makes perfect sense if you have a marginal engine. |
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Bitcoin is decentralized, you are not going to block a thing try as you may.
Why would you want to? It's the most foolish piece of selfish nonsense I have read all day.
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Looks fine, it's a little fiddly getting the hooks onto the correct pin so the colors will help a lot. |
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I don't have one here, otherwise I'd check to see if this is possible, but the immediate thing that comes to mind, is the King of reversible volt mods in days of yore the "Pomona Grabber" test clip... http://www.pomonaelectronics.com/?i=prodmain&getDetails=1&parent=GRABCLIPi.e. you use several of those and hook up to each pin, reaching under the sink. Of course, you might also wanna dig through your junk box and find a low profile IDC serial header, with a convenient 9 pin D on the other end of it, that you can install under the sink, then hook up to without removing the sink every time. That what I was thinking of doing, http://www.e-z-hook.com |
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Friday, June 28, 2013 Shipping Update
by
BFL_Jody
, 06-30-2013 at 11:28 AM
We started shipping Jalapenos from Sept 14.
and
We started shipping Little Singles from June 23!
We didn't ship Singles today, only the Little ones.
We also got a bunch of FPGA's back which should have the effect of changing your Single Upgrade back to Processing.If you don't have and order which requires you to send in a trade-in, this doesn't pertain to you. https://forums.butterflylabs.com/blogs/bfl_jody/210-friday-june-28-2013-shipping-update.html |
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What an incredibly stupid thread!
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