At least thats what I took from reading what was said here - I'm a crypto guy, no manufacturing pipeline experience at all!
It's far more simple than that. They no longer need to risk their own cash. They can now risk their customers cash at no risk to themselves, so of course that's what they're going to do. |
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Fraud is also a major concern. With so many wallet hacks and coin robberies happening, we can't exactly say that Bitcoin is completely devoid of fraud.
Yes, but that sort of fraud is a secondary nature. The payment to the merchant is completely safe. Once the merchant has the payment, it is completely within their control to keep it safe. To put it in another form, all other payment methods are like accepting 0-confirmation bitcoin transactions. They may or may not be valid. A 6-confirmation bitcoin transfer is far safer than every other payment method in existence. |
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Do you think any shopkeeper will trust a currency which goes from $1,200 to $400 in a month's time?
The exchange rate volitility is a minor issue. It'll go away over time. Merchants can accept bitcoins without having to fear fraud, counterfeits, or chargebacks. If they aren't comfortable with the volitility, they can be exchanged instantly for fiat. There is no safer payment method for a merchant than bitcoins. |
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Wall on stamp pulled. Down we go.
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Now add in the fact that they're mixing the coins. Rather odd. Why would they want to obscure the source of the coin? The security excuse doesn't hold water, but mixing coins sure produces a nice cover for whatever you're doing on the back end if it would be "inconvenient" for someone to find out.
This is a key point. They say they are mixing to stay safe? The only untraceable coins are mined coins. If they really were mining, they would have the safest coins possible. Mixing is proof they are doing something wrong. |
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why is it financially implauseable?... thats 2000 per day after all expense.
i beleive you just think its implauseable.
Just think how much profit they really have since there are no expenses! |
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Seriously, the customers of this industry were hurt multiple times.
We understand that it will take time until people will trust us. We don't expect it will be an easy transition.
It's not so much a question of trust, but of risk. Pre-orders that aren't even due for 4 months are a huge risk to the customer. Why are you putting all that risk on the customer for the SP30? That's not how you did the SP10. |
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That's the only power rating that matters, at the wall. But I don't recommend leaving the kill-a-watt plugged in full time. They don't last long run 24/7 with high wattage draws. |
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Done. Thanks. Gadzooks man what's with the trust rating?
Inaba is paying for people to give him positive trust ratings. Is it working? |
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4k? Man don't you think I been hit hard enough already?
Best of luck getting 6K. 4K is a very decent offer considering all the other available A1 miners in that price range. |
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I even offered to pay an extra grand and personally pick up my miners in person but even still they won't update me on what's going on with my order 899
They have an order queue. Obviously 1400 comes before 899, because '1' comes before '8'. Duh! |
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The new Antminer S2's are being shipped with the ENERMAX Platimax EPM1000EWT Power Supply. They are pulling ~1,040 watts from the wall.
The single 12v rail only supplies a total of 83 amps. Which is a total of 996w on the 12v rail. It is pulling 04.41% more than it should be.
BUT the unit is advertised as being 89-94% efficient. If you factor in the 12v rail supplying 996w at 89% (lowest efficiency), and 996w at 94% (highest efficiency), then the rail is only guaranteed to supply between 886.44-936.24 watts of power.
THAT'S BETWEEN 17.32%-11.08% OVERLOADED!
Guys, if I ran my math all correctly, you are looking at a serious flaw right now. Please double check the power supplies with your Antminer S2. Overloading a power supply drastically shortens it's life, and risks damage to the miner as well as potentially causing a fire!
Don't mix up input wattage with output wattage. Input wattage times efficiency equals output wattage. 996w is the max output wattage. 1040 is the input wattage. 1040 * 89% = 926w, or 1040 * 94% = 978w. It's definitely near the limit, but still under the max. It would be good to replace the power supply. Bitmaintech should offer the S2 without power supply. |
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But that's not any fun. Now is it?
Trust me. More BTC = More Fun. |
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Does this app need an update for the SSL bug?
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https://www.kncminer.com/pages/faqWhy are you selling the Miners and don’t mine yourself (will you use the miners for mining yourself)? ▾
We will not mine with more than 5% of the hash rate we sell
Wow, they still have that up.
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That's why we are very happy to announce the new 3 X SP30 miner's choice bundle. This bundle will only be available in April!
That's a little confusing. You forgot to mention that bundle "available in April", doesn't actually ship until August. |
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A refund would be far more profitable only if you buy bitcoins and the exchange rate goes up.
FTFY. A refund (used to purchase bitcoins if not given directly in bitcoins) will give you more bitcoins than the Neptune will ever mine. |
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What? They are providing 400 customers the hashrate that they paid, but faster than promised. For the rest of the customers they will provide the paid hashrate, but in June(again in the shipping window).
I will be impressed if they actually start the hashing (for customers) in June. I didn't expect them to start the hashing until July 1. Although that doesn't change the fact that delivered Neptunes will never break even. A refund now would be far more profitable. |
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We shipped his rig yesterday, we're trying to find his tracking number in the moment.
Here's a free tip. When you create shipping labels, you can enter the recipient's email address. That way the recipient gets a nice tracking email automatically! No need to hunt through thousands of receipts littering the back seat of your Pinto. |
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Because this required a fork, I don't think there's anything that can be done. I mean, the entire system of bitcoin relies on forks not occurring. I'm no Dev though, so don't take my word as law.
Good thing you added that last line, because you are dead wrong. Forks are expected. They will always happen. That is a core feature in how Bitcoin is designed. |
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