Really bad news.

Apple does as much patent trolling as anyone so I easily see them leveraging their somewhat ambiguous patent as tool to shut down competing payment processors.

Not to mention, if they do follow through with it,  the hordes upon hordes of Apple fans who'll buy anything they sell because it's a style statement will end up perhaps negatively affecting Bitcoin's popularity.

 

edit: oh i got it. just really wanted to use my 'margarine or error' pun which i've been saving for a rare occasion where i can use it.

I have seen a lot of stranges things on the ole Internet, but I've never seen anyone post a picture of margarine before.

Don't see the relevancy...

...I guess that post represents some sort of margarine of error .

Hey did you guys see Yifu's new update / well post anyways / in the other thread?

He posted on page 2 and 3 on the 'Avalon 8 million chip payments' thread.

first post to save you a click : "somebody called and woke me up in the middle of the night for this, so I'll keep it short.

1a. see the conference video, I thought that's an update; for the lazy http://www.youtube.com/watch?v=LY1xgGiejIc
1b. also got cornered after the panel and somebody took this : http://www.youtube.com/watch?v=UtVx26LlNXA
2. an update incoming in < 1 week, pretty exciting.
3. we fully understand there is problems with orders ( no way?! )
- we can not address these issues IF WE DO NOT SOLVE OUR PRODUCTION ISSUE then we can not DELIVER at all.
- so until that happens, get all your information ready and bump the ticket if it makes you feel better, or just wish to complain and blow off some steam. ( please do not create new ones though, usually looking at the support system ticket insolvency merging at least 5-6 other ones first... ).
4. this forum is a giant waste of time, get back to coding, go outside, hug your mother, do something,

lastly, food for though:"

KNcMiner seems honest enough, and has answered about 1001 questions posed to them. They look legit to me; open about their plans and details. I think their production schedule has to be a bit optimistic, but I think they'll pull through without a BFL-sized delay...

I don't see there past production as a huge red flag. It's something to keep in mind as a factor, sure. But every company has to start somewhere. I mean look, if Avalon went from basically nothing of a company, a few young motivated guys, to what they've accomplished, [insert another 10 examples here], then I don't think it's it is as far-fetched to believe a company positioned and as experienced as KNCminer seems -- to me --conceivably able to step up to the next level and expand their company, and deliver on their promises.

I think Klondike boards, Bitfury and KNC will all materialize, and folks are just a bit defensive these days (rightfully) because of all the scams... but ya, have to allow for the idea that things could be changing for the better when it comes to options for asics.

Yifu speaks!  Excellent.  Great to hear at least a bit of an update.

^^^^ daemondazz put 6 grams in there apparently, is what I heard.

Avalon units?

I can't think of much else this hashing-spike could be besides Avalon units.

I think it's safe to say ASICMINER has a lot of stuff in development    They've proven to be the most reliable asic organization by a long shot and they always seem to have the next 2 or 3 steps ahead well plotted out. I'd be really surprised if there was not a USB miner eruptor update from them coming in the future.

A pre-order 'golden ticket' sold for over 5 btc in the auction forum.  Pretty incredible!  Also very lame IMHO... The scalpers are making more profits than anyone ordering ASICs recently.

edit : post above posted while I was writing this. I can't fathom why anyone would pay over 5 btc.  It's a free market...go for it...but from my eyes this seems like an insane amount of money to pay on the chance to make a risky gamble.

I think the idea behind this is correct, and something like this is a good idea.  That being said, 2 points:

1) I think this decision should be up to the BFL pre-order folks  (which doesn't include me).

2) If what OP said goes down and BFL gets shutdown or whatever, I think, IMHO that it would be a far from guaranteed thing that folks would get their pre-order money back. If anything shutting down the company like this would basically make your preorder money a lost cause. It's one thing to get a financial judicial judgement against a company, but it's quite another thing to get money out of a more-than-bankrupt company. (As far as I know -- not a legal expert, but that's my impression...)

That is really sweet .  36 W  !  Nice..

Nah I'd say this is different.

For BFL pre-orders , folks had to lay down a significant amount of money to pre-order. Totally okay with that; folks can sell or keep their pre-orders as they liked.

This on the other hand is folks not intending to pay for an item. Instead of the products that were intended to be available for sale to folks who would buy them, these 'preorders' were secured only for profiteering... OP is not contributing anything, I highly doubt they had the funds available for the 4 'preorders' , and making a quick buck was the idea for the get-go.

Not saying this shouldn't happen or that people should not be able to buy this...but IMHO it's a jerk move, just like concert ticket scalpers who make themselves middlemen by keeping products out of legitimate customer's hands.

If anyone is to blame though I think it's more the KNC system they used...

So this I guess this is the new equivalent of ticket scalping for the BTC world.

I'm confident quantum computers will come and they will, of course, be light-years beyond amazing for code-cracking and Bitcoin mining. But having said that, we are still a very long, long way from anything approaching a quantum comp that you can pick up from a local hardware store. It may not even be economically feasible to do this in ... what 40 years?

I haven't been keepin' up with my tech news reading as much these days, but a working reliable early expensive quantum-based computer available even for researchers to order and purchase is at least 10 years away, I'd imagine. So basically so far in the future of BTC that its not worth considering (due to the rate of change). Early working and reliable q. comp's will solely be the property of the NSA and other similar power entities' code-breaking organizations for the first stretch.

Since ASICS are by their nature specialized circuits for mining, they are the end-all for silicon-based, traditional computing Bitcoin mining. Of course we will see Moore's law progression in efficiency for ASICS as tech develops, but I can't see any disruptive change coming anytime reasonable soon that will be anything like the shift from CPUs to GPUs, and now GPUs to ASICS.  If anyone else has any ideas on any potential disruptive tech that could do bring this kind of change besides quantum computing, please share, I'd love to hear about it.

I would not necessarily say ASICS are overpriced right now.

ASICS are near-impossible to come by. They are very risky to order. They have tremendous reward potential.  That's why the price is what it is.

Going to be a completely different ball game in even 1 / 2 months  (will Klondike work okay? Bitfury legit? Knc legit? Bfl ship more than .5% of their pre-orders ?)  So many unknowns right now.

+1  . Ya don't really see how it can be see any other way either. As far as for miners anyways.

If you had nothing to do with mining and had a strong focus on generating quick fiat with your BTC investments, even then, mining difficulty should still play as a strong consideration in your plans beyond anything longer than a week or so.

We are the middle of exponential shift right now, the like of which, I think, could only feasibly happen once more in the next 10-20 years for mining. It's an interesting time, to be sure.  

I'm still at a bit of loss at how you could have a GPU farm and not really consider difficulty as a major factor in any decisions related to this.

Still really bitter about selling my shares at 1.3 ....

But that didn't stop me from buyin' back in at 2.45 the other week . Man ASICMiner is just on a tear right now !   Dividend me up

^^^ that does seem pretty reasonable to me.