You are right if you just mine to get a short-term profit. (short)ROI is important to many miners but there are also miners who like the technology, believe the future of Bitcoin and want a nice miner to mine their own bitcoins.
Unfortunately, the overpriced initial hardware costs far outweigh the low-power cost savings.
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Dropped the price of the YBF14S-H to 125 euro. We hope this first batch will sell and satisfy our customers so we can make a second batch and can offer you even better prizes. As you know a first batch is always relatively expensive due to development and setup (stencil) costs.
Best case scenario, every board overclocks to 38 GH/s, cost for 380 GH/s rig is $1850. That's still nearly $5/ghps. Your competitors are shipping $1-$2/ghps. I love Bitfury chips, but I'm not going to pay 3x the cost for them!
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Nice to see a new Bitfury setup. Unfortunately, the price is way way way too high.
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P.S. And the question was for minertechnologies. Still awayting answer.
We are not using freshly mined coin accounts for payouts, because of the security measures implemented. We use different accounts to pay out daily earnings to our users.Why don't your payout accounts receive freshly minted coins? Can you show a trail from minted coins to payout coins?
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Wow, that's vicious. How about this for a chain of events.
AMT takes responsibility for making poor choices in the fulfillment of it's processes and issues a recall.
AMT issues this recall of miners (even though some still work fine which has been noted here several times by several members) in order to insure that clients get long lasting working products, and AMT re-builds and reships all miners that were previously shipped out, while scrapping the returns.
I'm not hearing anything about compensation for delivering 6 months late. You really should clarify your plan.
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Does anyone realistically think that Bitcoin will ever reach $50k? Don't get me wrong, I'd be more than happy if it reach even 1 zillion but...
I've watched it go from .01 to .1 to 1 to 10 to 100 to 1000. I think we can all agree that Bitcoin is far from everywhere, so the next step to 10,000 is almost assured. After that, we're just half a step away from 50k. The odds of that happening are pretty good!
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My address for payments -
1JWcnAvaFEXzYn8XcbeAFpMz8nJrcunYgg
Thanks. I browsed the blockchain history a bit and didn't see any generated coins. I question whether this service is actually mining.
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consolidation/sideways/boring is good
Sideways is making it very hard to avoid work these days.
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You do realize that by using a mixing service they are basically admitting they are not mining? Mined coins are untraceable. They have no history. There is no point in mixing them.
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Waxing the 24-year-old Caddy now. You should mount a GoPro on that puppy so we can all get a front-row seat.
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There is only one factor in ROI and that is Bitcoin price.
If it goes to 1500 by December and we will all ROI.
Relax.
Do I have a deal for you! Send me 1 BTC worth $650 today, and when BTC goes to $1500, I'll send you .65 BTC. That's a guaranteed 50% profit for you!!!!!
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<humor, based on fact>
I can think of one promise he made and kept: He said he was moving to a new office and did.
Later, guys.
You sure on that? Have you been to the new office? 20 BTC if you go visit the new office.
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Todays payment 8/6/14 0.00848623 BTC
Will you post the address? I'd like to see if the coins are newly minted.
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It means they have a legitimate presence in the US.
Actually, they don't. They are doing business in PA under some other company's name. That's not legitimate.
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He very well could be. Wasn't it one engineer that created bitcoin itself?
Possibly. But he took years to do it, it had some serious flaws, and that was just software. I'm sure you can attest to the fact that lining up and deliverying working hardware on a very short schedule is much harder. I won't deny there are amazing engineers out there. Bitfury did one hell of a job. He's probably the best to have touched bitcoin so far. But not even Bitfury could deliver a complete miner with a 40nm ASIC in 6 months.
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What do you guys think about this Novello Technologies?
Novello appears to be one "engineer" who thinks he can create a world-leading full custom bitcoin ASIC miner from the ground up without any delays and without missing any specs. Ask yourself this question, "Is this single engineer, who won't post an actual resume or any work experience, better than all the other teams like HashFast, CoinTerra, BFL, Bitmine, BlackArrow, etc.?"
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Has there been one ASIC delivered on time, as promised? I'm not joking. Has there been?
ASICMiner? And Bitmain as well as Spondoolies-Tech IIRC. ASICMiner, Avalon, BitFury, KnC, Bitmain, Spondoolies, all basically delivered on time on spec for their first round of products. (some were a little late, but much better specs, so it's no real difference)
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A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. What, Technobit boards? Do you honestly believe they have a pile of fully functional Technobit miners just waiting on RMA returns?
With that post deleted, I must assume it is correct. AMT does not have functioning miners to send to RMA returns.
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"You’ll receive a confirmation email stating that we have received your miner and we will immediately ship you a brand new miner." And how are you going to do that? You don't have any working miners.
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