No, not mad. There used to be lot's of intelligent conversation here, but now it's just littered with your FUD. You might as well have your own thread. +1 He's trying WAY too hard to be taken seriously. Ignored. |
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I like burnin and find him to be trustworthy in addition to being a talented engineer. I do not like his choice of apparently exclusive vendors. The problem is not the product, the problem is the price and the reputation of the vendor he's chosen to force everyone to deal with.
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Bitfury themselves are selling completed kits at close to .15/Gh. Why would you pay more to add in two additional points of failure? This product was marginally attractive at a price point below what can be obtained by ordering direct from bitfury. At a price premium to bitfury it shouldn't leave the drawing board.
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Posts quality = near zero here.  |
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I contacted burnin about distributing his products stateside, but unfortunately received no response.
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What is the next planned deployment of hash power for BASIC, if I might ask anyone privy? Hi BitCoiner2012. Everyone is privy to this information. It was posted on this thread, at btct.co(news), on our spreadsheet, and on basic-mining.com. **NEWS ITEM**bASIC-Mining taps Bitfury US for 800Gh/sbASIC-Mining is pleased to announce the purchase of it's first generation 2 ASIC mining hardware. An order for 800Gh/s has been placed with Bitfury US for October delivery. Bitfury's impressive performance both in producing and delivering what is now the market's leading equipment made this an easy decision. Upon receipt of this equipment bASIC-Mining's hashrate will rise to approximately 2,235,000Mh/s. Additional information about this purchase as well as all of bASIC-Mining's current hardware will be made available at http://www.basic-mining.com Cheers. CreativeX https://bitcointalk.org/index.php?topic=130982.msg3075722#msg3075722 |
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Promise: Out of necessity a new thread for a new product:
I want to test the waters if you would be interested in such a board
The Bitfury design i am working on is a 16 Chip board with the same form factor as the BitBurner.
I think it makes sense that i will sell boards including the chips now - no more group buys.
Best demonstrated performance per chip is currently 2.7Ghash resulting in 42ghash/s per board.
I am aiming for 5 Ghash per chip, i will be doing things differently then the competition which will hopefully
allow us to squeeze more performance out of this silicon.
Host interface and Controller / stacking will stay the same.
Price: ~470eur+vat (Complete module including chips)
Delivery: early October if Punin delivers on time. Reality w/ CryptX involved: Price: ~470eur+vat (Complete module including chips)
Delivery: early October if Punin delivers on time.
Site is online and price with shipping (to germany) and VAT is 895.40€ - are you kidding me?  Not interested. Burnin might as well not waste his time on this product at that price point. Though we wouldn't have to pay VAT, shipping to the US would be costly both in absolute terms and in mining revenue lost while the gear was in transit. Cheers. |
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The chances that labcoin is a "scam" is near zero IMO, but they're not being transparent and their last posts make some of their previous posts borderline lies. When you say "We're hashing at 2Th" and then later say you're having trouble tweaking miners and you hope things are way awesome in late October...well...this seems like management speak for "SELL! SELL!". At any rate their credibility is non-existent at this point so there's no reason to hold. They also said there'd be a doubling of hashpower to 4Th/s by tomorrow, but they've since ignored every question about what their current hashrate is. This after their projections went from 6 to 3-4 to 2 to unknown. No idea what's really going on because we're getting conflicting reports while we're being given reasons to doubt their every word.
Cheers.
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Well it looks like Labcoin might be mining: http://blockchain.info/address/1NBDEAYH49tZvFMJ95oa4kYrqgecgnc16CSomeone posted this address in the main thread and that's about the output that 2TH/s should be doing. Not sure what the chances are that it is Labcoin though, because someone said its out of Chicago, and Labcoin isn't located there. Hi guitarplinker. If labcoin or TheSwede75 didn't post the address or confirm that it's theirs then there's no reason to invest based upon the submitted address. Labcoin is playing games and stalling for a reason. Their credibility is shot, their website still has not been updated beyond 180nm chip talk. The last posts I read were from labcoin and he was talking about holding on for results until Halloween. There's no reason to invest until they regain some credibility. Cheers. |
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Thanks JimiQ84, I have kept up on burnin's progress and even sent proposals to him. He did not respond. CryptX is not the least bit trustworthy IMO, an opinion I've formulated based upon his dealings with his own shareholders. There are serious questions as to whether burnin will be able to produce this product in a timely fashion and now he's outsourced sales to a questionable vendor. We're better off dealing with bitfury US. Cheers. |
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Understood, but one has hardware and the other has simulations. I do not see ads as they're blocked, so I don't know what ASICMiner is advertising. Can you give me an example?
So you expect Ken to round up to the nearest, what? TH/S? Estimation requires at least a small degree of accuracy. 336MH/S for the USB block eruptor ..that's even 3 more decimal places precise than what I thought.. If Ken wants to advertise with accuracy in relation to other competitors, that's fine. I don't expect him to round to the nearest TH/S. I don't expect anything. You're still ignoring the point I made, so I'll just assume you don't wish to discuss it further. |
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guys, get ready to be nice to creativex, he was a recent labcoin victim.  lol The conversation ends when one party stops addressing the topic and instead attacks the other party. I accept your concession. Yes, my company lost 4BTC. Can you address what I posted now? |
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Understood, but one has hardware and the other has simulations. I do not see ads as they're blocked, so I don't know what ASICMiner is advertising. Can you give me an example?
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...but ASICMiner has actual hardware.  What am I missing? |
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Ahh okay, so it's the whole of the mining securities. So why do you give ActM so much gruff? Because they'll be mining in addition to distributing hash to customers? If they were only selling Asic's you would have no gripe with them at all?
ASICs are a weird topic for me. I love the pure tech side, but hate everything else brought to the table. The closest analogy i can think of is the nuclear arms race. Plus greed. You can't separate ASIC manufacture from centralized mining. Something like that. You're hard to take seriously.. you can stop now  Go back to the funny pictures please Why do you say that? Everything he/she just said echoes a sentiment shared by many. |
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You're a wise one Kate. Thanks for sharing your perspective.
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Hi Angelsky. I liquidated our labcoin position @ .002514. Management appears to have gone from overly optimistic to outright deceitful. No reason to hold if you can't trust their reports. We have a loss of roughly 4BTC precisely 3.97125 on the position. I apologize to shareholders, to my mind the potential rewards outweighed the risks until it became clear that labcoin management was not acting in good faith.
Cheers.
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Sold.
There's not enough transparency coming from management. Updates should contain facts, specs, & forward plans. Instead we're still getting excuses, hopes, and dreams.
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Not following the soap opera as closely as you or I? .004 is a 300% gain over IPO price. .0075 is a...I think you get the point.
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