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Date Registered: Today at 05:45:47 PM Last Active: Today at 05:57:13 PM Hi Josh! When are you going to pay the 20 btc bounty? Usually I defend newbies.. But seriously, this is so obviously a sockpuppet they shouldn't have bothered. Keep digging, guys. You'll hit water eventually... Oh, look, saintpaul11's posts have all been deleted. https://bitcointalk.org/index.php?action=profile;u=305635;sa=showPosts |
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No don't worry, its cool, we sold him a miner.
Allowing him to walk out with a a soon to be overheated miner was us being courteous.
So you sold him a broken miner. Quality business you run there. |
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$3k for only .5 TH/s? No thanks, that's way overpriced.
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In kind, we'll counter with the following.
We're offering a 20btc bounty to bring Phinnaeus Gage to our office, along with his account here on bitcointalk.
Looking forward to seeing this bounty paid up. |
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The gist of our conversation is that he didn't know where/how the rumor got started, whereupon I told him that it was probably by me, expressing how I started adding it to the JBF moniker I devised. He claimed to only stated that he didn't know how it got started and not denying the fact. It that is true, then I would be the one to blame for claiming that he said that he wasn't a Freemasons, hence offering up proof of the contrary.
You mean this quote? We don't know anything about masons. There are several rumors, fake images, just plain crap on this thread that the trolls spread all the time, now we're free masons too right :. )
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Where oh where are the Monarchs?
http://www.butterflylabs.com/monarch/Q: When do the 28nm Monarch cards ship?
A: However, this is our second generation, so we have much greater clarity on the process and plan to begin shipments in February, 2014.
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I keep reading these "mining is not profitable" threads that pop up quite often and it's simply not the case. Mining is hugely profitable given a high enough hashrate on readily available equipment. If it weren't profitable, you wouldn't be seeing these super large private mining data centers popping up. I honestly think people want to keep spreading this FUD to keep people out of mining and make more money for themselves.  Huge farms are built on wholesale/at-cost prices. Yes, those are nicely profitable. But retails prices for most miners are much more expensive, and unlikely to turn a profit in a reasonable amount of time. |
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You cannot magic 200GH out of thin air without adding more watts and it's an exponential relationship so it will require more than 20% extra watts.
Overclocking is primarily a linear relationship. Overvolting is exponential. If they are simply overclocking (and not overvolting), then the watts per GH/s will be mostly unchanged. |
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It's appreciated to see a vendor making an effort - good job: 3.5 / 5
They are off to a decent start. Let's see if they can follow through and deliver on time. They can't beat Bitmain's prices, so they really need to deliver on time. Any delay will be catastrophic to profitability. |
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Just a point.. the average investor would kill to get their entire investment back in 1 year.. just saying.
With bitcoin mining, you either break even in a few months, or you never will. With "average" investments, you may have to wait longer, but eventually you'll break even. |
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Nice mod. Undervolting has a far greater effect than underclocking does on profitability. I'll be looking at doing some undervolting in a few months when summer rolls around.
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As a matter of fact, look at the date on your Orama quote, and look at this chart...
Now tell me he was wrong!
Are you insane too? It went up 20x!!! It didn't "level off" in any way shape or form!!! It's going to keep going another 20x before there's any chance of levelling off happening.  |
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You will never see another surprise 40% diffchange, those days are over.
It doesn't need to rise at 40%. Even at 20%, Neptune will never break even. |
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They can talk about "ramping up" production until the cows come home, as it still has zero effect on batch size, or when the next batch will be available, unless they are behind, of course. I just don't see it.... guess we will find out soon  Yeah, Bitcoinorama tried to make the same argument. Dude the hashrate is about to level out for a bit not, continue growing like this for a while.
The difficulty is nearly 20x what it was back then when he made that prediction. It's not just Bitmaintech. It's all the A1 clones. And Bitfury. And Spondoolies. Etc. Difficulty is still going up exponentially. |
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On second thought, I've read somewhere that even IF diff hits 16 Billion, these Antminer S1 units will still be profitable, depending on your electricity rate, of course.
It also depends on exchange rate. But at the current exchange rate, Ants with $.12/kwh power are profitable up to about 50 B difficulty! I think the exchange rate is going to go up this year, and a lot of people have power cheaper than $.12, so a lot of S1 Ants will be good to 100 B or more. |
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I just don't see how a single batch of S2's (1 Th/s machines) in April is going to make any huge impact on the Difficulty no matter how much they "Ramp up" production.
Nobody said a single batch would do it. Bitmaintech is very good at continous production. They just keep pumping out Ants every day like there's no tomorrow. |
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The percentages in the blog post are from blocks solved by pools or hashers. It doesn't consider the amount earned on pools or supplied by various manufacturers, so the comparison is invalid.
Well, since I don't think KnC is mining to their own address with non-KnC hardware, the only missing piece is how much hardware did KnC ship to customers. Anyone know? |
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"Can" is key, but 200 units a day like Knc did with Jupiter means a batch of 1200 complete in 6 days, so I beg to differ.
1200 times 3 or 4 Th/s in 6 days...... (up to 4.8 petahashes) how is bitmain supposed to touch that? Can bitmain ship 4-5 petahashes per 6 days.... I think not. They can "ramp up" all they want, it won't change things much, especially after Neptune.
Ok, if you're right about KnC's capacity to deliver, then you're just proving my initial point. Neptune won't break even. There's just too much hashpower coming online in the next few months. |
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Can you explain how that statement equates into larger diffchanges over the next couple months?
It goes to show how fast Bitmain can ramp up production. KnC was never able to pump out the vast quantity of units that Bitmain does. |
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