Software to mine or as a wallet?

If it's mind, use cgminer. For wallet, I go for blockchain.info but you can also try coinbase.

Colour me curious but what are you using to mine BTC? GPU?

Post is meant for soniq's thread. *facepalm*

Honestly, it's getting harder to trust anyone in the bitcoin community these days. People especially conmen have come to realize that ASIC is in high demand & everyone's trying to get a piece before the mining difficulty goes up another notch. Just check https://bitcointalk.org/index.php?board=76.0 & see how many people are coming up with weird & near-impossible ASIC specifications. Yet, we still have people investing in them & ended up being burned.

Back to KNCMiner, the risk is too big for me to bear alone, hence the reason why I rather pay a miniscule price for a group buy & get a small piece of the pie. The old adage of "big risk, big gain" holds especially true here.

daggeteo has released the Q&A that he had with KNCMiner. Read away:
https://docs.google.com/document/d/15js8JsyHAiGoq_ELzx0hxG4xdA9ePJrhrc8y2bbWbRc/edit

I got it now. I've always thought that the first number is the numbers that have been filled (28/35 means 7 shares remaining to be taken up) instead of the other way around. Anyway, thanks for the clarification.

OP, I noticed that the number of shares taken are fluctuating up & down. Is this due to people pulling out?

Also, I think it's a good idea to list out the shareholders at the first post for reference purpose.

Thanks for the confirmation. I've just had 1 BTC sent over for 1/35 of the share. I've sent you a PM for the transaction ID. Do confirm receipt please.

May I confirm if there's still shares remaining for the Saturn miner with Order# 2xx? If yes, I'll proceed to buy a share. Just wanna confirm before I send the payment over to avoid unnecessary wastage of 1%.

BTW OP, how do we track the output of the miner per week?

I've traded a couple times in bitcoin-otc but I figured that it doesn't kill to setup myself a rep thread here as well. Will fill this post up once I have trades done in bitcointalk.

Erm... define "best".

If best equals to long-lasting hardware, then it's too early to tell.

If best equals to cheapest, then I guess BFL's Jalapeno is the most affordable, though you'll most probably have to wait for 1+ year to receive it if you order now. So it's either you buy cheap & wait long; or you buy expensive & get fast.

Hahaha... apart from having the rig completed, was there any mention by 41LY45 on the warranty term? I read that some of the ASIC that was delivered by BFL suffered from faulty fans.

I've been in this line of business (computer hardware) long enough to know that nothing lasts long these days hence the question: what to do if the rig fails?

ASICMiner did take this into consideration for their USB Eruptor so I'm interested to hear what 41LY45 has to offer.

Ahh... noted with thanks.

No no no. By multiquoting, I meant quoting a few posts at once so that I can reply all of them in the same post.

About that group, the link itself is posted by the seller but the Whatsapp group that he created is meant for buy & sell. Anyone can post up their price for sale or buy so feel free to join if you want.

How much are you selling? I might be interested. I can also pay in PPUSD. Do PM me ya?

And you can SMS the number in the post above to join the Whatsapp group.

BTW, is there a way to multiquote in this forum?

In normal scenario when you buy something online via PayPal, say for $12, the seller will receive maybe around $11 with the remaining $1 going to PayPal as fees. This is more or less the same when it comes to credit card transactions.

However, PayPal also has another function where you can make personal payment to friends with no fees incurred as long as both parties' PayPal account are created in the same country. If I send you $12, you'll receive $12. If you send personal payment to someone out of Malaysia (assuming that your PayPal account is created in Malaysia), then you'll get charged a minor fee but it's still lower than a normal payment to merchant. This is the very feature that PayPal is removing away from Malaysian account.

Anyway, what's LiqPay? I Googled but seems like it's in Russian.

For the Whatsapp group, send a SMS to 016 562 6404. This is the seller's lowyat.net thread: https://forum.lowyat.net/topic/2799421

Do you know of any source that accepts PayPal as medium of payment? Most of the places that I frequented are pretty cautious when it comes to buying bitcoin via PayPal, which is understandable.

Funny thing is that I've been dealing with Steam in-game stuffs via PayPal all these years & there has never been any incident where someone charged back on personal payment. I guess you can say that bitcoins are much more precious compared to in-game items.

While I'm not really from Singapore, I'm quite surprised with what you claimed there since I expected Singaporeans to be quite high in the tech-savvy ladder.

Sigh... somehow or rather, the recent events are making it hard for Malaysians to obtain bitcoins. First, Liberty Reserve got shut down & it was one of the easiest way to fund Mt.Gox. Forget Dwolla since they're only available in the US.

Then today I just received an email from PayPal saying that they're removing the personal payment function for Malaysian accounts. This spells the end of the days where I can just simply hop onto bitcoin-otc & trade my PPUSD for BTC.

@ninjaboon: You've heard this in our Whatsapp group where I ranted about it.

P.S. And oh, Mt.Gox just released a press statement. Apparently OKPay will stop doing transactions to & from bitcoin exchanges. *facepalm*

Liked as well.

http://btc.to/c8e

Wait a minute; is this still valid? Seems like the thread was necro'd.

The way I see it, ASIC is pretty much out of the reach for miners with limited budget. Sure, BFL's ASICs are affordable but when you look at the queue, there's a high chance that your ASIC is not going to pay itself back by the time you receive it.

I strongly believe that you'll be able to earn more profit by trading bitcoins instead of mining.