OK, technically it is not a Ponzi but only a pyramid scheme. But for the late entrants it is the same thing...
For someone so well educated, you sure don't know the basics of what Ponzi and Pyramid schemes are. |
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Its not a BAD idea, it just isnt a very good one.
While it may not be a BAD idea, it is a very bad price. |
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My German friend said "A stupid wakes up everyday" Not sure the proper translation in German but we all get the idea. http://cointerra.com/cointerra-announces-gsx-pcie-bitcoin-mining-card/Seriously, when they said big announcements I was hoping for shipping increases or news that they hired more staff to increase production of the T IV to catch up on the backlog or (wishful thinking) they actually produced a 2th unit.  Well, that makes it official.  |
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This week has demonstrated how one man, who owns a badly run exchange but has a good PR team, can do massive damage to BTC.
* Syke checks his wallet. Yup, it's all still there. Not a single satoshi missing. What damage? |
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All media is saying is that Bitcoin got hacked, cracked by hackers ?
They've said that dozens of times before. It'll pass. |
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My overall impression remains very good. If the quality of this machine is an indicator, AMT is the real deal.
I think you meant to say Technobit is the real deal. All AMT does is buy Lian Li cases and put Technobit boards in it. |
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What if you used some kind of logarithmic scale, with regard to your Hash Rate * BTC Balance. ?
If the scale is not linear you'll have people gaming the system. If the reward benefits small miners, the big miners will split up their wallets to look like small miners. If the reward benefits big miners, small miners will join up to become big miners. |
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My perspective as a MTGox-User.
[…]
So, today I put my last order into MtGox to buy me BTC with all the USD in there and am going to watch what happens.
I am pretty sure a lot of people think the same way.
I think that is the most reasonable thing to do. I am doing something similar. But more people think just the opposite. If the majority thought like you, the bitcoin price would go up, not down. Buying bitcoins on Gox is risky, but could be quite profitable. So who are these crazy people that are selling bitcoins on Gox?! |
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Why are people trading on Gox? You can't withdraw fiat, you can't withdraw bitcoins. All you can do is trade and lose all your funds to fees.
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It's not really clear whether say a customer appreciate batch Neptune order gets 3Th from the cloud until it ships, or you just have to pick one or the other.
They said you can "convert" your order to cloud hashing. In no logical interpretation would "converting" an order mean you get both cloud hashing *and* the device. |
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It's not really clear whether say a customer appreciate batch Neptune order gets 3Th from the cloud until it ships, or you just have to pick one or the other.
They said you can "convert" your order to cloud hashing. In no logical interpretation would "converting" an order mean you get both cloud hashing *and* the device. |
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If they can prove they are legit, that shipping is accurate, might go with a 600 GH monarch.
Their shipping is *aways* inaccurate. Monarch was due in November, then December, then January, then February. They do not have working chips. You will not receive it when they say you will. |
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Just wish to add we sell only for US customers and the official price for Antminer S1 Dual Blade u$s 1200.- https://112bit.com$1200??? I'll be back when BTC breaks $1000. At the current BTC rates, that price is a massive loss. |
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Thanks, Syke. I appreciate the explanation. However, if KnC can achieve even .75W/Gh, at 6Th, that is sub 5000 watts. Is .75W/Gh out of the realm of plausibility?
Well, to get high efficiency, you need to run chips at a very slow speed. Getting high hashrate and high efficiency will require many chips, which makes for a very expensive option. While that is technically possible, it's naive to think KnC is going to be selling Neptunes at a loss. |
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Please, do elaborate, Syke. I'll admit, I don't know how it is impossible. I'm assuming you're talking about the constraints of design and expected performance improvements with a node size shrink?
Yes, that's the biggest issue. The shrink from 28nm to 20nm will give roughly a 25% improvement. If they tried to do 6 TH/s, it will be because they are using many more chips, and it would be expensive, and the power draw would be in the 5,000+ watt range. That's simply not going to work. |
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Is it completely impossible to consider a scenario in which the Neptune at the time of release is 6 (or more) Th?
Yes!!! For many reasons. |
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For all any of you know KNC has already fabbed out and April 1st shipping is on schedule.
You do realize that only a handful of 20nm projects have taped-out, ever? KnC isn't yet one of them, you can bank on that. |
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"Listening for N seconds" won't work, I had ALL my transactions mutated since the bot started spamming and most of them were mutated +4 minutes after the original was broadcasted, and still ALL the mutated transactions made it into blocks invalidating the original ones I broadcasted.
The attacker must have nodes very well connected with pools.
I'd like to understand how that worked. In 4 minutes, your TX should have propogated across the whole network. I don't see how a mutated TX could have beat yours to the pools unless the attacker mined the block himself. The mutated TX must have been transmitted before the 4 minutes. |
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