I'll take your word for it. I (think i) heard you're dealing with those, any idea what a 100-lot would cost?
Thanks. .
I've just seen them. We're doing a board design based on the HashFast chip, we aren't using their design and we're definitely not buying boards from them. It's more than a little disconcerting that they're selling boards to AMC/VMC that should have gone to people who ordered back in August or September. We did not buy boards from hashfast, we had our own boards manufactured using hashfast reference design. So, we did not take any boards away from hashfast's pre-order customers. That is good to hear, though I don't understand why you'd only do a run of 200 boards. Wouldn't it have been more efficient to make more in a batch? 200 boards is a pretty sizable 'bullet run' and is about 100TH while it sucks its not a unique design, it at least shows that: 1) ken has capital still 2) ken actually is capable of having a design fabricated 3) the profits might be small, but it at least gets something mining |
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Any one know how much the chips cost if you buy them in 100 or 200 piece batches?
$800 per chip up to 500 chips at which point there is some discount (though I do not know the details of the discount) So then our cost is $2600 and we are selling them for $3000 if we sell 100 units per month, we are looking at a profit of $40,000 per month no miner in their right mind would pay $6/GH unless BTC can get back above $600 (if not $800). There are other options in the $2.50-$4/GH range |
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Bitcoin is simultaneously Rearden Metal. It is Rearden Metal because it is better than the status quo, yet the MSM and establishment defame it relentlessly.
Represents a morphing and backfiring of a centralized organization's attempt to manipulate what should be a natural process
So instead of buying FIAT from the FED and Banksters, which I can use everyday, I should buy "Digital Gold" from Bank of KnC and Bank of Butterfly labs? Security right? I need to re-read Satoshi's paper. don't forget the smaller bank of klondike - 3TH churning up coins like a storm  I don't want to say we are at the bottom, since i said that at $600 only a week ago. however, I feel like we have fallen far enough outside of the trendlines that there is a major, visible upside that the market has yet to rebound towards. Bitcoin is in a better place than it was at $130/$1200 - ATMs are out, the IRS appears to have a basic understanding, and more people than ever know about it and can use it for everyday stuff via gfty and overstock/tigerdirect. We could fall lower, but it should not be difficult to break back above $800 by early summer, and I feel like $3000 is still a reasonable high to be hit in 2014 (possibly as the peak of a brief bubble) |
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 Seems strange that there is one board like the above: http://hashfast.com/shop/yolievo/but the boards in anti-static bags much more closely resemble this: http://hashfast.com/hashfast-customer-update/ I assume the yolievo board is the same design but a second revision - but clarification from ken would be nice since at a cursory glance the capacitor layout of the boards in bags looks idfferent from the photographed board but this is definitely a step forwards! |
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Are there any errors in the system log? Maybe the kernel log?
there was errors but I don't know what to make of them Also, what are you using for a PSU? 650w, antec earthwatts, 80plus bronze, dual 12 volt rails dual rails can be an issue - are you sure the load is split properly, not 400W off a single 300W rail? also, you dont need the 'stratum+tcp' i just use us1.ghash.io:3333 |
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I can only screen shot on my tablet but. I don't know how to upload it to bitcointalk
did you make my suggested network setting changes? |
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Lol, wrapped some cardboard boxes in inkjet-printed labels, and took a pic of one HF board? Awesome.
To be fair, it does look like there's 25 other HF boards in anti-static bags. I'd say you're right, but it's Ken we're dealing with. Last time he said he was shipping product, turned out it was a single rack rail. So I wouldn't put it past him to stick old LAN cards in the bags. P.S. Haven't been keeping up with HashFast, but can't imagine they discount much on small lots. Any idea what a 100 lot would cost? probably not much than for hashfast theselves (they have it preorder for 1800) huge step in the right direction though |
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brand new S1 not working pool is alive but hash rate is zero any help would be appreciated feel like there isn't any support if your equipment doesn't work. cant help but feel like I just lost a bitcoin.....
take a screenshot then check your network settings. clear the 'ipv4broadcast' value and change the dns to 8.8.8.8 |
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Coupons expire: 2014-03-31 00:00:00
Team Viewer used live direct so you can pay Bitmain yourself - NO MIDDLE MAN - Only my discount code of 0.12BTC will be applied.
Ant1 = 0.773 BTC
Cheers
Why are you pushing this so hard? I'm pretty sure that the owner of the account can change the shipping address after purchase. What's stopping you from changing the shipping address to yours after some poor fool orders using your account? he has more coupons than he can use, and they expire soon - don't hold it against him that he would rather let someone else use them. (Im personally strongly considering using one or two of them) |
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Previous hashrate of 'test board': 500GH Prewvious hashrate of Avalon equipment on BTCguild: 430GH Previous hashrate of K16 boards on BTCguild: 307GH Current Hashrate of 2(  ) hashing modules: ~1040GH Current hashrate on BTCguild (Team AMC): *I am not sure - someone who can see thier stats tell me and ill put it here* Previously it was 430GH This is very little hashrate when there are presumably 50TH of boards sitting there unsold (but already tested based on the info about no warranty and immediate shipping?) and more than 200TH more supposed to be showing up in the next ~10 days |
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I am not saying the causal flow is one direction. I am saying it is vicious cycle. When price is low, mining is attractive because it is profitable. Miners rush in. Mining becomes difficult and competitive. As a result, miners cannot sell their coins, because they would take a loss. Consequently, supply is restricted. Prices rise. Again mining is attractive. It is similar to predator-prey dynamics, or a coupled oscillator system, with all the quasi-periodicity that entails, but in this case, it is confounded with exponentially expanding demand. As a result it is a vicious rising spiral.
Exquisitely stated. Not sure if that was phrased properly. The correct (at least in my mind) cycle is this: 1) price is low; mining profits are meager against power costs and effort. Most coins are mined by a few larger farms that use thier size to make a reasonable profit against the lower distributed power/space/cooling costs. 2) The bigger miners are responsible for selling coins or using them to add equipment. Thus, much of the fresh coin supply can be controlled by the miners. 3) price goes up; media attracts new attention, mining becomes more feasible, more small-scale users are interested. Many more people are mining and thus capable of selling their coins for the faster turnaround, price is allowed to slump, which also scares out buyers and puts us in a position like now. 4) mining farms and larger entities are gathering coins. Mining looks less attractive with seemingly overpriced hardware. summer is coming. This should restart the cycle. This is just with relation to mining. the bigger image is the balance of people who are not scared to invest in a bearish market vs current holders who want to cash out in case it drops further. |
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1 Item in stock
make that 102 now. [my last post was removed for use of the 'roller coaster BTC' gif] |
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Photoshop? Are you for real?
are you? Its pretty rare for a new account with 1 post to show up with pictures of a $8000+ mining equipment and not give any details or info besides a terrible blurry pic. maybe is after effetcs  https://www.youtube.com/watch?v=nbxCXrYonygthe BTC-olympus youtube channel. in other words, this new user is at best a member of BTC-olympus. shady as all hell and again no real proof other than a hashrate that looks about 10-20% short of the advertised 3TH |
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meanwhile, I did the opposite mod and am pushing near 220GH out of some of my ants ... =) hope they dont die! ... been a week or so ... still goin strong.
thats very good - i did not expect them to be capable of much more than 205GH even with pencil mod. did you have to add a second fan or shrouding at all? |
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Photoshop? Are you for real?
are you? Its pretty rare for a new account with 1 post to show up with pictures of a $8000+ mining equipment and not give any details or info besides a terrible blurry pic. |
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Adding 100 more cards for sale from our mining farm due to the delay in getting our step down transformers installed. We will be adding back these 100 cards from our next production run in 2 weeks. The new cards will be our revision 3 cards which will be faster. Ken, have these cards been sold? We are waiting on payment in BTC on 95 cards. Should the customer not pay within 24 hours the stock will be added back to our in stock quantity. looks like you already did - 102 still available for sale (presumably 1 sold in the last 12 hours) also, it clearly states a limit of 6 per buyer (online). Hopefully when this extra-ordinary purchase goes through you will post the BTC transaction info in order to prove it? I personally dont know why someone would risk so much in buying that many unproven units when other hardware is available now for cheaper (including spoondolies 1U 1.4TH miner). are you giving the buyer a significant discount for the quantity? Because that would be a clever way to re-direct the cards to the ACTM mine at a nice write-off. finally: If these are for immediate sale, and have been tested, I imagine you could point me to the pool/address that they are mining at? I would love to see the 50TH+ chugging away while waiting for the 100TH+100TH to be installed this week EDIT: http://eligius.st/~wizkid057/newstats/userstats.php/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa I guess you have no hashrate, or are these pointed at some other address that the shareholders don't know about yet? (along with that 737GH of avalon gear) disclosure: i do not own any ACTM shares. I sold them all when btct closed and following the failures of at least 60% of IPOs at the time (including labcoin). I am following this thread in the hopes that a real product exists, but to otherwise try to shovel through the half-truths and cryptic info that are constantly posted. |
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Apparently some lone individual bought 95 of them. The one guy just posted that he canceled his three. Ken took his 100 that was for mining and put them for sale. So we have 103. And probably two of you bought a board, or one of you bought two. I feel bad for that guy who bought 95 boards.
So what we're seeing here is that we don't even have custom boards? He bought 10 packs of boards that ran 1,800 a piece and is trying to sell them for $3,000? Seriously? No wonder he doesn't take a picture.
I'm starting to think his new facility is a house we bought him. 3,700 square feet is an average house with a basement.
I swear, every time I think it might be turning a corner it actually just gets worse.
max 6 per purchase (presumably). it would be interesting to see the payment address to track the transactions and see how mnay units actually sold. ps: this is not complicated or abnormal. Its a well-known fact that you can track all bitmain purchases at https://blockchain.info/address/1QB8Ds5KbGYBLQa5RyDQ2sVUeSKWf7qgkZI have a feeling that doing this for ACTM/VNC would reveal either a complete lack of orders, or a lot of shuffling funds around in circles |
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How could I implement this across 14 different units at once? its a pain to open up 14 SSH modules and input these steps one at a time for each. No one said it'd be easy  Check out dsh (distributed shell) apt-get install dsh ^perfect, that the sort of thing i was looking for. Anyone have experiences where th epdate requires the miners to be downclocked a little bit? Mine generally are all set at various speeds from 375Mhz to 400Mhz and I want to make sure the update wont cause some of them to immediately become troublesome. all my maintenance is remote (teamviewer to a local PC that runs a putty SSH) |
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mining contracts cost more than operating yourself (obviously), so if you really want to invest well then you should buy ~2TH for 10BTC (there are a few good deals in this range, depending whether you can spare 2w/Gh or prefer 1w/GH)
I run a 3TH (soon to be 4TH) farm of antminers, and its quite simple with almost no actual upkeep needed (clean the f--king heatsinks every 2 months). just lots of heat and noise that can be tricky to handle in warmer climates or in a small apartment/house.
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BTC Olympus mining rig:
Please do grab some better pictures .. those are just horrible. maybe because the company was a not-so-clever scam. almost ctainly a terrible photoshop job above |
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