Well the problem with a refund is that steam boat is going to be out of pocket for a lot of circuit board parts. I don't know how many parts he purchased in advance but it's going to be a fair bit so who's going to foot the bill on that?

Care to elaborate on this. I don't see how anyone putting up the funds prior to receiving a product can be considered greedy in any capacity. People have every right to be irritated when they've done everything by the book yet still get let down due to either a poor code of ethics from a company they trusted or just pure incompetence from the people running the business.

How on Earth did this turn into such a huge clusterfuck when the solutions are so simple?

You could offer a full refund but this will do nothing to restore the reputation of the company, with such a risky endeavor in the mining business, reputation is everything and people will only put their money where their trust is.

The other and better option would be to give the option of having all gen 1 chip orders count as credit towards gen 2 chips and make delivering these on time a priority. This shows good faith on the company's behalf and not only restores the companies reputation but enhances it.

And of course the final and worst option is to continue delivering the chips late and past the point of return on investment which will ultimately end in legal action, and if you cbf dealing with a toxic community, just wait till your dealing with a class action lawsuit and then let us know how you cbf.

And no matter which route is chosen, communication is key. There's no excuse for not keeping people up to date when internet enabled communication tools are literally everywhere. There's still plenty of time to turn this around and even into a winning scenario for everyone.

300k per day is assuming that every single mined coin is making it to an exchange which clearly isn't the case.

What we're seeing now is day traders trying to flip a quick buck with crazy low volume, things will just churn along sideways untill the exchanges can start to receive and send money again. Hold on to your hats because the moment the reigns are off things are about to get rough, expect huge volatility and then a large rally

You're unlikely to break even anytime soon if you're buying all of this stuff brand new, you'd be better off using the money from rig costs to just buy bitcoins.

Now onto your questions

1) 2600mhash -- 2800mhash depending on how well your cards perform and if you're willing to overclock them.
2) ASRock z77 extreme 6 mobo is pretty decent, lots of pcie slots. You'll need a 1200watt psu but I'd recommend 1300watts and the highest quality psu you can get. Get some pcie riser cards 1x --> 16x as well as 16x --> 16x. Cheapest processor that'll fit your mobo (1155 socket), cheapest ram you can get, cheapest hdd you can get. I'd build a custom case so you can cool the cards better and fit them in easy, check the "Show us your mining rig" page for ideas.
3) The difficulty for mining is about to skyrocket with all of the asics coming on board in the next few months meaning gpu's won't be profitable for mining as the electricity costs will strip your of any proffits from mining. If you just want coins, easier to just buy them. Of course if AMD release their 9xxx series gpu's they might be useable but that's a long way off.

Quite a few of the larger branches should be open Saturday mornings, have a look on their websites to see the hours of operation. I think Sunday's are still out of the question though.

The focus should be on making it user friendly and starting with the top end of the currency as the standard unit (bitcoin) and moving down the scale just isn't user friendly.

Setting the standard with 2 decimal places would be inline with most western based currencys which works great. Or if we could go with the smallest unit of currency as the standard which is similar to the yen.

I'd be in favor of microbit (uBTC / 1e-6) for these reasons:

• Solves having to re-denominate the currency again in the future.
• Only two decimal places which is inline with the western currency system making adoption easier.
• Easier to pronounce. "You can buy seventy seven thousand eight hundred and fifty one microbits (77,851 uBTC) for ten dollars" is easier to pronounce than "You can buy zero point zero seven seven eight five one bitcoins (0.077851) for $10"
• The psychological barrier of entry is much lower because you're getting tens of thousands of something instead of one of something or even a fraction of something.
• uBTC is already compatible with every finance based database in existance.
• People will get confused between microbits and millibits as they're both visually and audibly similar.

Bitinnovate use Commonwealth and Westpac, and there's quite a few Commonwealth branches that are open on a Saturday. Spendbitcoins also accept Nab, Commonwealth, Westpac and Bendigo but have a higher fee.

Are your riser cables powered or just the regular type?
http://blog.zorinaq.com/?e=44

The above shows you how to modify your riser cables to power the cards, normally a full width pcie slot will also provide 50 watts of power.

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