I feel like I should poke my head in and remind people:

You are paying upfront for this service that is expected to last 6 months. There is little or no assurance/insurance against all the machines redirecting to a different address after a week or a month in and this relatively new member never coming back to the forums.

yes he actually has mining equipment right now - but that does not guarentee he will be active and remain on the forums and mining for you for 6 months after you paid in full upfront.

Again, there is no reason not to trust, but there is also no reason for blind faith

In order to grow from 4.9Th to 8.5Th you would have to go from 24 antminers to 45 units if all run at ~200GH overclocked.
If underclocking to ~150GH, you are looking at 57 miners. 

that means paying >32 BTC in order to add 3.6TH  (or 12BTC/TH)

underclocking at this point is a terrible idea. either create a second mining location or sell the antminers to buy 1TH/1000W units (s2 or another company) - otherwise you are thrpowing away your earnings

its a small space that is unused in a friends small business. I just pay a little bit of 'rent' and covcer the power costs of what i am using.

In the bigger picture, its a testbed where I can scale to 15-20kW before moving to a much larger space

I always check the screws. Most of them can go an extra 1/8th turn, and some are actually more than 1/3 turn loose

look at his username

anyways, why would you trust someone to maintain this agreement for more than a few days?

hashrate is not proof of much if anything. You already owned >700Gh of avalon gear for months now. Even adding 25TH to this is meaningless if you are just buying antminers or some other market-value hardware.

before I continue, what is 'MSD'? http://www.acronymfinder.com/Business/MSD.html  and  http://en.wikipedia.org/wiki/MSD indicates the best fit is 'Manufacturing System Design'.

1) Manufacturing System Design - how would giving details or a photo be prevented by this?
2) Competition - b*llshit. What will happen, the competition will see your hardware and magically replicate the PCB?  There are a dozen other hardware designs that are visible online or available for purchase right now (or were sold already) that would be better suited to being copied. You have no reason to be silent due to 'competition'.
3) Trolls - This is not a reason. How would actually explaining what's going on feed the trolls? The trolls are fed by your lack of any real, transparent information.

My point is, I see no reason why you can not or should not 'spill the beans'. You are not 'spilling the beans' by telling the people who gave you money and trust what you are doing with said money and trust after 9 months?  The only thing you have demonstrated is that you can point a few bitcoins worth of equipment at a BTCguild pool where almost noone can view the stats or detailed information.

The 'demands' of people int he thread are 100% within reason:

1) use eligius. The pool is better in many ways than BTCGuild, the #1 being that the stats are visible to anyone who know the mining address. It also means that the hashrate is 100% going to a fixed address.
2) explain the delay on shares. Are you witing for coloured coins, and do you actually own a list of all the shareholders and assets
3) what hardware are you buying/using? Right now, it seems pretty clear that the chips are not an ACTM design, and most likely bought from an aforementioned 'competition'

everyone watches the car crash until its over, then they go in to loot the survivors.

I just bought some at $560 - I think we are at the bottom, the charts flattening out and weekends are notorious for random moves on no volume.

take a step back - things are well aligned to start putting out positive spin again and knock this up by 20% in just a few day's work. For traders, that is a golden opportunity, considering its dragged  down 25% or so in the last week of bad news. Most of the money in the markets is traders, rather than new buyers or sellers of old coin.

https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

we have had very few bitcoin days destroyed in the last 2 weeks - this means that old wallets are still staying put and that the trading volume is mostly buying and selling the same coins around

^this jump looks like it will be somewhere between 14% and 16%, which is pretty good IMO with the spoondolie miner and dragon miners now being produced in large numbers.

The market can only take on so much equipment at a time. most miners are fully invested right now, and if rebuying with the mined rewards its hard to imagine adding more than 5-10% capacity every 12 days forever. New miners are also an option, but its likely they are not bying large amounts of hardware.

A lot of initial high jumps came from established GPU miners moving thier money to ASIC and possibly opening up cold wallets to do so. That time is passed now and the growth will have to become more linear and consistent.

With BTC dropping and summer coming, its very likely that people will start holding off on buying equipment thus reducing the difficulty rate. some of the 4w/Gh or higher gear will be going offline very soon which may help a little.


however, most of the 1TH gear thats priced $3500-$4000 makes no sense unless bitcoin prices go back above $600

It almost makes me sick that my preorders basically funded his own farm, rather than an ongoing business relationship.  The only saving grace is that my unit is in the green already

you cant see two of the outlets in this photo. I have 4 antminers in the stacked black crates at the side that i will probably unpack into the shelves on tuesday, as well as 3 more antminers on the way.  The L21-20 socket was stupidly expensive - i would not use it again - stick with L6-30 outlets and a 5-20 duplex if you have anything that CANT use 220V

The shelf was $50, the network switch was $10, and i got most of the 10ft lan cables for free or $0.50 each. The C13-C14 power cables cost about $3-5 depending on length.

thats basically my POV as well. There is nothing fundamentally worse about bitcoin - in fact things are much better with infrastructure, ATMs, and many small retailers getting interested.

The real problem is the public opinion - there has been no good news in a while, everything is blurred or focused ont he incompetence of GOX. and while gox keep shoving its foot in thier mouth, all of bitcoin looks less beautiful.

I have two techniques for this:
1) sell a few coins at btc-e or another exchange, just in case it goes lower. if it doesn't, who cares you hedged your bets slightly in case.
2) step back and look at the big picture: more people know what a bitcoin is. they dont know much about it, and most give me a sly 'hows your bitcoins doing?' recently, but the point is people know. Those who it interests will read up on it and start looking for a place to buy in.

i think we are not yet at the bottom, but that we are close. Weve entered an area with major support twice before, and I feel like we could see one or two more bear rushes to slam BTC/USD down to about $500 before the media decides to turn around and give it a few positive articles to swing it up and get some attention

In decmber, I though we would be $1500 now, and >$3000 by year end. I still think we will be $3000 by the end of the year, but the individual dips are hard to estimate without being in charge of a media outlet (sadface'd lol)

only if you want to earn 20-30% less from the unit at the benefit of saving a dollar a day on electricity - but if that still looks like a good use of your miner go for it.

I was at my limits of power/heat/noise and I came up with a simple solution. I found a larger space to run my miners that had better cooling capabilities, and I spent $1500 installing 18kW of new circuits and some shelving units. I went from a limit of 9 antminers to operating 14 now, and have an S2 ordered also.

In this game, i dont see why you would willingly reduce your hashrate at this point in time - I might do it once july hits and the difficulty/temperatures play a more significant factor, but right now is the best time to run the machine at it full capability

it may work for stock clockspeeds, but no overclocking without a drastic hit to the power efficiency.

I picked up a pair of 80+GOLD Thermaltake 750W supplies for $250 after taxes the other day - I plan to use them for 1.5 antminers each (so 3 antminers between the two) since that puts them at ~80% load and about 90% efficiency on 213V

so about 6kW + space? thats pretty reasonable, a lot of places i looked wanted about $1100-$1300.  I ended up building my own space with rack shelving that has up to 18kW available (0.15/kwh) and rent is $300/month

Its a 5-pin outlet (L,L,L,N,G) so there are 3 phases of 120V available on the same power strip

When is bitfury (particularly MBP) going to start selling to customers again?

I find it disgusting that my September starter kit STILL is not filled entirely because the prices have been 2-4x more then reasonable for the last 3 months or more.

Its a great machine and I would be happy to replace every single antminer with them if they were just priced properly and/or chips were sold at a reasonable price ($15 for a 2.5GH chip???)

+1

9AM EST/EDT last evening in china saturday. Its possible packages shipped saturday, but most likely they go out on monday.
the tracking info and shipment status usually doesnt become available for almost 24hrs after it is actually shipped

nice job!

however, I dont see any point to unervolting at this point. maybe by late summer when the the difficulty is as high as the temperatures, but right now getting the most hashes per second is my focus

^error rate in a percentage is :   HW/(HW + DiffA + DiffR)

its not uncommon for the HW column to be >30% of the accepted column, doesnt mean its a massive error rate necessarily