"pred div rally" are you kidding  ? THat dust wouldnt cover even transaction fees I think this was a joke... a funny one at that |
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The lack of updates reminds me of BFL late 2012... and we all know how that ended.
I hope I am wrong (for the sake of my units, and for the sake of shareholders).
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This is starting to look like a train wreck in slow motion.
I'm not an investor, but I better receive my mining equipment I ordered from VMC... here's to hoping for the best.
I dunno how you ActM guys are still in this, you must have balls of steel.
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Hi everyone, thanks for your interest. It appears that I have found a lender.
I will post here updating the thread if not.
Thanks again,
Ch
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There's no way that he got that cheap of a price from Cointerra, from my experience they are quite stingy and won't budge from their prices much even in bulk (known from personal experience and talks with Cointerra's CEO.) In fact, if he offered you this price I would be pretty pissed because he couldn't offer me $10,000 per 2 TH (which is a shit deal anyways for bulk.)
But um, yea. In review: Cointerra is stingy, Garret must of made a typo in his post.
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You should really request this loan on BTCjam and post it here... I know you provide ID and all that, but will you have any collateral?
Hi, I would rather we do it through the forums. I am open to partial funding, if you want to lend a partial amount of the 40 BTC let me know. I feel like my rep so far speaks for itself. I am not out to scam anyone, I am very trustworthy. If I lose my rep in this community, a crypto coin related business wouldn't do very well. I said I can provide my last 3 years of 1099s, I will pay this loan off through my job. I am just a little cash poor right now and would like to get the ball rolling on my business. I can also provide a lot of other things including identity, etc.. Please look at the list in the OP. If I do get more bitcoin, I will definitely invest, but for now, good luck. All my btc (not much lol) is in BTCjam Sounds good. I was trying a minute ago to put the loan offer up on BTCjam, but I guess I have to wait until the verify my identity. Anyone else interested? I reduced the amount needed to 30 BTC, since BTC is up so much this weekend I think that'll be enough. Also, I raised the monthly interest to 7%... that is as high as I'll go, as that's 2.1 BTC profit/month for the lender. |
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You should really request this loan on BTCjam and post it here... I know you provide ID and all that, but will you have any collateral?
Hi, I would rather we do it through the forums. I am open to partial funding, if you want to lend a partial amount of the 40 BTC let me know. I feel like my rep so far speaks for itself. I am not out to scam anyone, I am very trustworthy. If I lose my rep in this community, a crypto coin related business wouldn't do very well. I said I can provide my last 3 years of 1099s, I will pay this loan off through my job. I am just a little cash poor right now and would like to get the ball rolling on my business. I can also provide a lot of other things including identity, etc.. Please look at the list in the OP. |
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'I want to link my Bitcointalk name with BTCJam's. Verification code: 3fca4823-898c-4879-bc28-c53088438797'
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Hi, My name is CoinHoarder. I am starting a new business project and need a little extra funding to get everything going. I am a trusted member of the forums and have done over $20,000 in transactions through the forums (buying & selling mining equipment). I have also ran a couple large group buys for Bitcoin ASICs, handling over 1500 BTC without any problems. One of which is currently hashing and paying dividends. I have an absolutely flawless reputation on the forums, read my trust reviews here: https://bitcointalk.org/index.php?action=trust;u=67959Group buy references: https://bitcointalk.org/index.php?topic=268280.0https://bitcointalk.org/index.php?topic=157930.0The loan repayment is not contingent on the success of my business. I make about 50k a year as a Landman in the Oil & Gas business. I can provide proof. If worst comes to worst and my business fails, I will repay the loan from my day job. Loan terms:- 30 BTC - 7% monthly - 3 month term - I reserve the right to repay the total amount of BTC owed at anytime and end this arrangement. I can provide:- Ebay feedback - Personal Email - ID card scan - Utility bill scan - Forum member identity confirmation (a few forum members have met me IRL) - References - My last few years of 1099s (tax forms confirming income) - My linkedin account - Anything else you suggest within reason I expect this loan to be payed back in less than 2 months, but just to be careful I put a 3 month term to allow a little leeway. If you are interested or want to hear more details, please send me a PM. Due to the cutthroat world we live in, I will not post my business' details in this thread. Again, PM me if you want more details. I will post a thread in the Auction forum with the agreed terms. Posts are uneditable there, and that is where we will do the contract. You will reply confirming the loan and terms. Thank you for your time, Ch |
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The entire concept of provably fair was originally intended to give an added value to Bitcoin casinos over other online casinos.
It would be a shame to find out that anyone is taking advantage of the players by fooling them to think they are provably fair while they are not.
Our provably fair Roulette has one public spin every minute rather than a spin per player hence we can't change the result, or show different results to different players. We publish the results the next day so the players can verify that the results they saw were the actual results that were supposed to be shown.
I just won a BTC off you... red never fails.  Pleasure doing business. |
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I figured there was some explanation for it. I just thought it was funny the link to one of his references was scrolling "hacked by UKdevit". I think we all realize now it was not the OPs fault, and that you were simply playing a joke while you were doing more work to the site and it is down for maintenance. I apologize if any offense was made, it's just the website caught my eye and made me laugh. |
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Will the group for razingbull, zefir, sebastian, steamboat and a few of the others please acknowledge when they received the Full refund from Yifu please posts your comments here? When could we get these Full Refund?
It seems he hasn't actually agreed to refund the orders yet. He simply stated he was open to the idea the way I understand it. |
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My point is that if a coin is profitable to mine with gen1 ASIC then gen2 ASIC can merge mine it for no additional cost thus making it unprofitable for gen1. Not like Litecoin that can't be mined with SHA256 ASIC.
Maybe I'm misunderstanding your post.
I don't think I explained myself thoroughly in the OP. When gen1 ASICs become unprofitable, people will be looking for a way to make them profitable again. There will be a huge incentive for someone that wants to create a truly innovative SHA-256 coin. I will lay out the basic business plan here: 1. Buy unprofitable ASICs for pennies on the dollar. 2. Design and develop a ground breaking SHA-256 coin. Better than all ALTs existing and better than Bitcoin itself. 3. Hash power will be split between Bitcoin and this new better alternative by speculators and people that believe in this new coin being better than Bitcoin. The split in hash power will allow the overlay to make gen1 ASICs profitable because hashing power is split in between Bitcoin and this new alternative coin. ... Also, it doesn't even have to be a new SHA256 ALT coin. Perhaps a lot of development is done to an existing one to where it is more valuable to the community. Huge market shifts (UP!) in the value of SHA256 ALT coins could dramatically change the profitability of SHA256 mining. 01BTC10's point still stands. If a first gen ASIC is a money loser when mining BTC, it'll be a money loser on any alt-coin as well. Why? Because if it's NOT a big money loser, then everyone with 2nd Gen ASIC's will pile into that network as well, and push the difficulty up enormously, rendering your Gen-1 chip just as unprofitable to mine with. Say for example the network reaches the point where running a first gen ASIC earns you negative 25 cents per month (lets's say it gets out 0.01 BTC, but electricity costs you $1.75, but a 2nd gen chip earns .3 BTC at an electricity cost of $0.30). You "discover" that you can mine CoinX at a profit - the ASIC still costs $1.75 to run, but you earn enough of these new coins that when converted to BTC, you''re earning 0.03 BTC/month. This news will get around rapidly. So you'll have all these owners of 2nd gen chips paying $0.30 for electricity and earning 0.03 BTC per month per chip moving to this new coin. Because, remember, if it's profitable you with a 1st gen, then it's even more someone with a second gen chip, who could theoretically earn 0.09 BTC rather than 0.03 BTC. So, A, the difficulty rate will skyrocket to the point that your returns will be either nonexistent or negative once again. Or B, the value of the new coin will drop to the point, again, that your 1st Gen ASIC will struggle to break even when compared agains a Gen 2would make. I think the thing is, you're looking for what is commonly known as "free lunch". Yes, those specials occassionally come to light, but they last an incredibly short amount of time before the market learns about it and adjusts. Basically, look at the dollar denominated output of a miner and coin. If a miner can mine $10 of bitcoin in a day, then that's basically the cap for any other SHA alt coin. Why? If the same hardware could generate $30 per day for the miners, then every miner would scramble to the new coin and BTC transactions would co unconfirmed for ages. So, no. There really won't be a use for 1st generation mining equipment once it's reached the end of it's life. That's the whole thing about "Application specific", they're built ONLY to perform the exact calculations that Bitcoin requires. And that's I'm become more and more convinced that this whole thing is a folly. By "thing" I mean hardware mining. No matter how much hashing power gets thrown on the network, the network will always be extremely vultnerable to a dedicated attacker. And transactions will always take minutes and minutes to confirm (the other day, i had to wait almost an hour for a 4 BTC transaction to go through. AND i'd added 0.004 for the miners. But that's a different story. All that we're doing with ASIC's is spending a LOT of money to stay in the same place. Or to get short term, incremental advantage over oner another. I said it in a different thread, but the failure here is us. None of us are thinking up any real business ideas for Bitcoin, we're all convinced that the easiest and grandest fortunes are to be gotten from mining. If that continues to be the case, we're not going to see the mass adoptions of BTC that we dream about, because why will people choose to convert to Bitcoin if the only purpose is to convert back to fiat when it's time to spend the money> Enough money is being wasted lining the pockets of Friedcat, BFL, KNC Miner, Avalon and every other person that even whispers that they're thinking about creating a new ASIC. Don't throw even more down the drain trying to scoop up peoples otherwise worthless 1st gen devices when they start getting thrown in the dustheap. I don't see it this way. I understand where you and 01BTC10 are coming from, and I understand the reasoning. However, there will be a large financial incentive for someone to create an innovative SHA256 ALT coin because of the large number of Bitcoin ASIC paperweights. If something truly innovative were to come out that was SHA256, it could make these paperweights profitable again. Yes, I agree Gen1 will always be at a disadvantage to Gen2, but if half of the Bitcoin network switches over to this new innovative coin it will effectively half the Bitcoin difficulty. Making it 200% more profitable to mine than it was before the new coin came out. These may not necessarily always be the paperweight people imagine they will be, even without a new SHA256 ALT coin. Another scenario... at current BTC value, it will be unprofitable to mine with a 110nm Avalon when the difficulty reached about 2 trillion. If one BTC were to equal $1000usd, it would become unprofitable around 10.6 trillion difficulty. If one BTC were to be worth $100,000, an Avalon would be unprofitable to run at 750 trillion difficulty. Even though most people will think they are paperweights when they immediately become unprofitable in 2014, this is simply not the case, especially if you are a long term bull on Bitcoin. I would not be surprised to see a $10,000 to $100,000 price for Bitcoin sometime in the future. It will be profitable to run these machines at this value, but you have to be very patient and know it's a mega long term investment when buying them when they become unprofitable at today's Bitcoin value. I think there will be money in high process node SHA256 ASICs one way or the other. It depends on how patient and/or risk prone you are IMO. I know you are going to say, if you are a longterm Bitcoin bull that you would just be better off buying Bitcoin, but that may not be the case due to many unforeseen factors. If a truly innovative SHA256 coin were to surface, it would change the mining game up quite a bit. |
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I received a couple PMs stating that BitSyncom was giving refunds to past due chip orders. However, I'm going through his last posts and it seems he's only talking about Batch 3 refunds. Is he giving refunds for chip orders too? Where is everyone getting this info from?
Obviously I want a refund... the chips would not break even if delivered today when you add assembly costs. Also, I can no longer trust Avalon will deliver soon anyways.. it will likely be a month+ before all chips are shipped and in the possession of miners. It's anyone's guess how long that will take.
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100% refund.
Avalon cannot be trusted to deliver when they say they will, we need to get out while we still can. They only allowed 3 days for Avalon batch 3 Avalons. Get out now while we still can!!!!
Not to mention I still have a feeling raginazn might steal our chips anyways.
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I higly recommend this guy. He's fast and honest, completed my request in a few minutes. I would recommend Carlos to anyone who's developing a website. Carlos set up this site: www.runecoins.orgUm, is this a joke? EDIT: Yes, it is a joke. |
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I would like to bet on A&M winning the NCAA BCS 2013, why can I not do this?
Also, you don't have the reigning Heisman trophy winner Johnny Manziel listed in the 2013 Heisman future...
Please fix that and I'll place some bets.
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