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2201  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: November 23, 2013, 09:44:54 AM
Still dont get it? Is it the location of Pirate's hidden treasure chest? Or is it just 0 latt 0 long, ie, no geolocation data ?

that's a fair point... so we then have ask the question if blockchain.info is so unreliable then why is blockchain.info so unreliable...


No we dont.  we are "the dumbasses"  that "know enough about bitcoin" to know how unreliable this data is and why.
Instead I think this is where you crawl in a hole and sit out your embarrassment for a few weeks. The dumbasses that were smart enough not to invest $850 in this scam have figured out the broad lines months ago, we dont need your "help".
2202  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: November 23, 2013, 09:26:27 AM
SO STFU WITH YOUR DUMBASS AFRICAN SAM NOI.

you are the dumbass that doesn't even know enough about bitcoin to check the blockchain for where the transactions originated..
seriously how hard is it for you to log into blockchain.info and follow the trail?


Here's a hint:



Still dont get it? Lets try this:




Still dont get it? Is it the location of Pirate's hidden treasure chest? Or is it just 0 latt 0 long, ie, no geolocation data ?
2203  Bitcoin / Bitcoin Technical Support / Re: Stolen Laptop causes me big trouble can anybody help on: November 22, 2013, 12:44:23 PM
Hey thanks for the tip about "blockchain.info" that worked.
My wallet imported it turns out its was my empty wallet from Bitcoin-qt.
In my haste I've saved the wrong wallet. My coins must have been in the Multi-bit wallet file.
The one I should have copied. Thats with the thief now but its passworded so they are probably lost forever.
The laptop may have already been formatted.

Out of curiosity is there a way to look up the block chain and see if the have been spent ?.

Sure, just copy paste the bitcoin address(es)  in blockchain.info search box.

Quote
That was an expense way to learn about back ups.

What was the other poster saying about private keys ?. If I back copy a wallet file from any bitcoin client do I need anything
else to go with it for future reference ?


The wallet contains the private keys. Its all you need(ed) really. If you dont have a backup, those coins in that wallet are indeed gone forever, but the ones you had at the trading firm should be recoverable.
2204  Bitcoin / Bitcoin Technical Support / Re: Stolen Laptop causes me big trouble can anybody help on: November 22, 2013, 09:17:27 AM
Try this:
https://blockchain.info/wallet/import-wallet

drop your wallet.dat there.
If it fails to import, it may be the multibit wallet, just download multibit and import the file.

As for changing the address, you'll have to contact the "online currency trading firm". Which one is that anyway?
2205  Bitcoin / Legal / Re: labcoin lawsuit on: November 20, 2013, 11:21:33 PM
What is the latest progress? Evidence collection? Or what?

We are still collecting evidence and organizing it for the complaint, every day there is coming in new evidence and more people joining us, we like to make the complaint as complete as possible before we submit it. We are in the final stage of finalizing the contract with the lawyer, and when that is done there will be an announcement made how to proceed by LCSH, our official Labcoin Share Holders Representative Group informations account.

Thank you for your support.


Not sure I understand why are taking the legal route, instead of filing complaints with the appropriate authorities in Italy and HK. It will take years, cost a lot of money and its highly unlikely he will even show up in court, even if you figure out where he lives and manage to serve him. If you get the police involved, at least there is a chance they will catch him.
2206  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: November 20, 2013, 02:20:16 PM
Rival, convince me to hold my direct shares again!

Prospects are good though. FC is aiming for a growth market:
http://www.cnn.com/bitcoin-asic-submersion-cooling.htm
2207  Economy / Securities / Re: [ANN] Crypto-Trade now allowing users to create their own securities! on: November 20, 2013, 01:54:04 PM
And why are we expected to believe you can legally do this, where GLSBE, BTCT, BF etc could not ?
Or you will you just pretend you can,  until you get cease and desist letters from the SEC / SFC / AMF / BaFIN / .. and then cause the same drama's all over again?
2208  Other / Beginners & Help / Re: Difficulty prediction March 2014+ on: November 20, 2013, 12:40:40 PM
black arrow themselves said they are going to have 8000 2th/s boxes ready for late feb shipping.

Got a link for that?

Quote
Thats 1.6ph/s that will drop on the network in the first days of march from this single supplier.

You missed a decimal either here are above. 8000x2TH=16PH

2209  Bitcoin / Mining / Re: Mining hosting @ $0.043 per KwH, 100% green energy on: November 19, 2013, 07:59:13 PM
Puppet,

I hope you don't think I am criticizing what your trying to do. I just wanted to show you my perspective on things as I've been an Systems Engineer of sorts over the last 10 years and have dealt with many hosting facilities in the past.

For example, I worked for a company that made $10,000/minute in some of their applications and downtime between 6AM EST - 2AM EST cost them serious money. When your talking about a Large Scale Bitcoin mining operation, you need to account for when things go bad, not when they work well.

Im planning ahead, and I dont think you see the big picture. RIght now, mining is ludicrously profitable if you look at running cost (electricity/hosting) vs revenue. So for sure people want to pay for UPS and fancy DCs, some will even rather sleep next to their miner because downtime is expensive.

But as difficulty continues to shoot up, and mining hardware prices will drop by one or two orders of magnitude, at some point mining will become only marginally profitable for those with the lowest running costs and essentially it will turn in to a game of converting electricity in to bitcoins with cheap equipment (that can be written off over several years instead of only weeks/months today). Suddenly downtime no longer matters so much, if at all. All that will really matter is running costs. and things like:

Quote
The reason the price I got was around $.45/kwh for about 8KW/rack is due to the fact they had superior services/multiple generators / UPS / etc AND Insurance.

Will no longer matter.

Quote
Some of the bitcoin mining DC that I've spoken to in the last few months that are starting up, are not even Datacenters. There just warehouses with racks and power, let alone UPS or cooling because "its to expensive" .

Exactly right. Although Im not convinced in the long run a warehouse is actually cheaper than a bare bones modular DC, many factors play a role there. There is only so much you can put in a warehouse without some form of cooling and no way you will get anywhere close to the power density of some of those modular DC's (Ive seen over 1MW in a standard shipping container).

Anyway, to reiterate, right now, its worth paying extra for SLA's, so it makes complete sense to host in a traditional datacenter, but you may as well do it in greenland where its cheaper (and greener). I have no ambition to compete with those traditional datacenters, instead I will try to organize a group buy if that makes sense, or simply advocate existing solutions there.

But at some point next year, miners will want to move away from this "expensive" hosting to cheaper solutions that dont have UPS and diesel generators and do not promise 5 sigma uptime but that could well double or triple their operating margins by putting their gear in warehouses or containers in a location with cheap electricity. Thats what I will be aiming at.

2210  Bitcoin / Mining / Re: Mining hosting @ $0.043 per KwH, 100% green energy on: November 19, 2013, 04:13:23 PM
1 Hour of remote hands per device or rack? If its per rack, then Id suggest you look into their normal hourly prices, as well as ensure you have Remote Managed PDU so you can power cycle your devices.

Like I said, per rack. Ive not gone in to detail yet, many things can be "configured", SLA levels, logistics, down to storage of spare parts, etc,  and it will depend on the DC, but right now Im not yet offering a turn key solution, Im gauging interest while trying to establish a bitcoin friendly solution. Im just giving you an idea of prices; what I got and wrote so far is not very different from standard offerings in Iceland, but its already pretty competitive if you dont mind hosting your machines abroad. If I can gather enough interest, Im sure I can negotiate better conditions, but Id like to hear what people want.

Quote
I expect with these rigs will need random reboots and other issues resolved, so make sure that your build that into the cost.

As long as thats the case, and you would need more than an occassional remote reboot, Im not sure I would want to host externally. Particularly not now when electricity and hosting cost isnt very crucial yet. Fast forward a few months and that will change. Fast forward 6-8 months and that will change dramatically.

Quote
In other words, one you add up all costs and device by KWH you can figure out if its cheaper to host in your house, or Colo . A colo facility near me, I did the math and it came out to $.45/kwh (I believe for a rack of 5000-8000 watts) . But that included power,rack,network, pdu, etc.

So more than twice the price I got upon first request and about 3-4x more than what I hope to achieve ultimately. But like I said, today that price is probably good enough to not bother with the hassle. Once mining operating margins shrink to the point where that $.45 is pretty much your entire profit margin, it will look rather different.
2211  Bitcoin / Mining / Re: Mining hosting @ $0.043 per KwH, 100% green energy on: November 19, 2013, 09:25:09 AM
Prices I got included 1 hour per month per rack remote hands.  I dont think there is any setup fee, but Ill check that. PDU's included.
2212  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: November 18, 2013, 09:33:02 PM
So you think btct closed its doors because it feared a class action by labcoin investors more than a criminal prosecution by the SEC?

LOL. Whatever.
2213  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: November 18, 2013, 08:15:30 PM
BTC-TC failed to register and be compliant.. that doesn't mean they were criminal either.. unless they actually knew the securities they were trading were potentially fraudulent...

They knew they were advertising and trading unregistered securities, and public offering of unregistered securities to unsophisticated investors is indeed a crime.
Is it as big a crime as selling fraudulent securities, or is it only the amount of money that defines that, I dont know and i dont care,  thats really not so important is it?
2214  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: November 18, 2013, 07:52:08 PM
I think you have a fundamental lack of understanding of the US court system..
Trendon has been indicted that means there is a warrant out for his arrest.
Nowhere in those articles does it say he has been arrested and is in custody awaiting trial.. so no he isn't in court yet (to my knowledge)

He's already been in court, which was your point, he even defended himself pro se. He hasnt been found guilty yet, that will take some years no doubt.

Quote
There is a HUGE difference between listing an unregistered investment scheme.. and Facilitating investment fraud.. two completely different issues...

Just as an example
Mt GOX had their accounts seized for failing to register with FINCEN.. but after following KYC guidelines they continue to operate.. if on the other hand Mr Karpeles was willfully facilitating some kind of fraud or money laundering then he too would have been indicted.

What mtgox does has nothing to do with securities.
2215  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: November 18, 2013, 07:27:01 PM
I'm pretty sure EVERYONE knew that Labcoins abysmal failure was a primary cause in the BTC-TC shut down.

You can keep claiming that, but that doesnt make it true. BTCT violated security regulations in just about every country known to man regardless if they were listing (yet another) scam security. Im not even sure listing a scam security is a bigger violation than listing "non scam" but equally unregistered securities.

Quote
I don't think the SEC has Trendon shavers up in court yet but I'm sure they will get him eventually...

Of course they have, where have you been?
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.UoppkoZDssk
http://abcnews.go.com/blogs/business/2013/08/sec-can-pursue-case-against-alleged-bitcoin-ponzi-schemer-federal-judge-says/

2216  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: November 18, 2013, 04:48:56 PM
Since difficulty is not correlated with the bitcoin exchange value.

Actually it is, pretty much linearly correlated, although with a delay and a substantial delay when vendors are unable to meet demand, which is clearly the case now. But you can be sure  that the current bitcoin price boom is causing a new flood of preorders that will start hashing sooner or later, even if BTC exchange crashes again, since almost all of those preorders are non refundable.
2217  Other / Off-topic / Re: What mobile OS powers you? on: November 18, 2013, 07:46:27 AM
Android for now. Hate to love it. Its a great mobile OS, but being so closely linked to the google ecosystem makes me increasingly paranoid. Looking forward to firefoxos and ubuntu to provide some alternatives.
2218  Bitcoin / Hardware / Re: [FAILED]Butterfly Labs 30 day countdown to the end of September on: November 17, 2013, 09:19:58 PM
 It makes much more fun drama to make things up constantly lie about everything.

Ill take your word for it, you're the expert
2219  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: November 17, 2013, 09:12:00 PM
the problem is they scream that about every single security that comes out.

They'd have been right about ~95% of the time.

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Now TheSwede will walk away with no punishment.

THat actually remains to be seen. At least under SEC regulations:

It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
http://www.law.cornell.edu/uscode/text/15/77q

IIRC  theswede didnt disclose the shares he was offered initially, did he?

Even more damning is this:

(b) Prosecution of persons who aid and abet violations
For purposes of any action brought by the Commission under subparagraph (b) or (d) of section 77t of this title, any person that knowingly or recklessly provides substantial assistance to another person in violation of a provision of this subchapter, or of any rule or regulation issued under this subchapter, shall be deemed to be in violation of such provision to the same extent as the person to whom such assistance is provided.

http://www.law.cornell.edu/uscode/text/15/77o

Its going to be pretty hard for theswede to argue he did not provide "substantial assistance", and did not do so "recklessly". After all, even if he didnt know it was a scam, he should have known it was an unregistered security offered in the US (and everywhere else) and thereby illegal.
2220  Other / Off-topic / Re: Proof that 2000 BTC (not 1000 BTC) is owed by Josh AND BFL. on: November 17, 2013, 01:10:04 PM
AFAIK, Josh still owes Runeks 1000BTC for losing the bet on power efficiency.

Despite that (and ignoring all the rest of BFL's shenanigans) , owing Runeks $500.0000, instead of a scammer tag he has a positive green trust rating.
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