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2401  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 10:19:12 PM
I goggled "Never send BTC to an address you get in a PM" - no hit, why not send to address in pm ?

There were cases of fake users like "RoadStress`" that were asking bitcoins for immediate shipping miners. They were obviously scammers! That's why you never send BTC to addresses that you receive in a PM from me or from SP-Tech (we won't ask money in a PM, but fakes users will do) or anyone that promises you anything.

And of course you encrypt the addresss and information anyway, so even if you end up sending the info along they still won't be able to do anything with it anyway. NEVER send personal information without encrypting it first. It is well worth the small extra steps you have to do. And then of course common sense is the most prevalent here.

It's a good advice, but personal information comes on the second place. Sending BTCs to scammers/phisers is a much worse thing than not encrypting your personal information.

I can't wait to see the reaction of new Neptune owner's (and SP30) on how big these rigs are physically and how much heat really pours out of them.

Too true, the future of mining is DC hosting or similar ... 12 months from now the landscape will be very different.

It is, but jimmothy still thinks that the home mining is the future Smiley
2402  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 10:01:24 PM
I goggled "Never send BTC to an address you get in a PM" - no hit, why not send to address in pm ?

There were cases of fake users like "RoadStress`" that were asking bitcoins for immediate shipping miners. They were obviously scammers! That's why you never send BTC to addresses that you receive in a PM from me or from SP-Tech (we won't ask money in a PM, but fakes users will do) or anyone that promises you anything.
2403  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 15, 2014, 09:45:06 PM
For who? For you maybe, but what about the people who just bought AM shares?

Also reaching a positive ROI doesn't mean that it's ok for them to not issue dividends anymore and just do whatever they want with the money.

Why should I care about those whose attention span is less than 2 weeks?

This is a business. Dividends will be issued when the company is in the right position to do so. We would not have 60PH worth of wafers if dividends were given out.

And bitfountain owns more than 50% of the shares so yes they can do whatever they want. Not that they have or would ever do anything to deliberately hurt shareholders.

So it means that nobody should buy AM shares right now because nobody knows when they will ROI. Good advice.

Let's see how long will it take for those wafers to get sold Smiley
2404  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 15, 2014, 09:37:36 PM
I highly doubt anyone will take advice from someone who invested in cbcm.

When do you expect to get some dividends jimmothy?

Does it matter? AM has already reached a positive ROI.

Are there any other bitcoin investments which were able to turn $2 million in to $20 million within a few months?

For who? For you maybe, but what about the people who just bought AM shares?

Also reaching a positive ROI doesn't mean that it's ok for them to not issue dividends anymore and just do whatever they want with the money.
2405  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 15, 2014, 09:28:16 PM
I highly doubt anyone will take advice from someone who invested in cbcm.

When do you expect to get some dividends jimmothy?
2406  Bitcoin / Hardware / Re: MinerTechnologies.com - 3 TH/S and 200MH/S ASM1 for sell / Cloud contracts. on: June 15, 2014, 09:18:52 PM
Seemed way to good to be true.   His give aways/prizes were to good.


There is a sucker born every day...
2407  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 08:45:16 PM
With all the KNC day of reckoning LOL from Avenger, Aren't the first SP30 machines (April sale) supposed to ship in July ?
I wonder if SP30 is shipping July 1 or July 31 ? Do SDT have chips yet ?

~ Two weeks now to July …


~L)L~

They will ship towards the end of the month. I'm expecting them to have chips in hand around the middle of the month.

Two weeks to July and no Neptune news. You are shilling for such a great company...
2408  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio, Best $/GH/s ratio on: June 15, 2014, 08:35:37 PM
RoadStress I've always wondered since you are a bitcoin mining tycoon, how much hashrate do you have right now?  The way you talk I am sure you have to have 30-40TH/s at least?  I remember awhile back you had 2 SP10s right what else do you have running?  How many SP30's do you have on order now?  Was trying to do some numbers because the way you make things sound the 17-19TH/s I had running 3 months ago making 1.5+ btc a day is going to be not NOTHING compared to running a single SP30.  Which if I took delivery in mid July may make 2btc a jump if we don't see another jump above 11% until then.

I'm not a bitcoin mining tycoon yet, but I hope that someday I will be. The fact that I'm always present in the Mining forum helps me take the best decisions when it comes to mining hardware. Having limited amount of cash from the start gave me no room for errors and that's why I'm trying to stay informed. I started my ASIC adventure with 15 burnin boards with avalon gen1 chips, but right now they are offline.

Right now I'm hashing with 3 Jupiters (1 Sep/Oct that is shared with someone else+2 Nov Jupiters), 3 SP10s (soon to be 5, but 1 will hash for ckolivas and sean's outpost) and I also have 4 SP30s on pre-order(will buy 1 or 2 more from September batch too). That makes it just 6TH/s right now, but I'm proud of how I'm staying ahead of the difficulty curve. My first SP10 doubled my total hashrate and my next 2 SP10s doubled my hashrate again. It will take some time before difficulty will catch me up and the SP30s will just give me another boots so that the difficulty won't be able to catch me.
2409  Bitcoin / Hardware / Re: MinerTechnologies.com - 3 TH/S and 200MH/S ASM1 for sell / Cloud contracts. on: June 15, 2014, 03:58:23 PM
Banner removed, I officially regard MinerTechnologies.com as a SCAM!

What a surprise!!!  Roll Eyes
2410  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio, Best $/GH/s ratio on: June 15, 2014, 03:55:23 PM
How long to get the host mining after buying the SP30 ?

Hosting will start after your physical device will be manufactured in September.

I thought the SP30 did not need hosting service to work?
I thought the hosting service was useful while waiting for the pre-order?

I don't understand you. SP30 can be either physically shipped to you or hosted in a US datacenter.
Hosting is available after your unit is built. You don't get cloud hosting until your unit is shipped. I think you misunderstood the whole hosting deal.
2411  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 04:54:46 AM
Hey now, last year I ended up paying about $0,14/kwh averaged out over the entire year and I live in Taxland aka Sweden!

Sweden relies on nuclear and hydro power which is cheap. Even so a $0.14/kwh means that paying $0.15/kwh for colocation in a DC is equally the same. No loss there!

Quote
I'll tell my 4,4TH of S1s who are generating over 8KW of heat the sad news then, the Internet has declared them impossible Sad
Granted I have banished them to the garage since middle of may since they were starting to get a bit noisy!

You are an exception and you know it. I would like to see how many miners are able to host and cool 8KW at home. Not many. Especially US residents who are on 110V! Because jimmothy keeps reminding me about the US miners with their cheap power. It's a wet dream for a regular US miner to host 8KW at home.

You are limited to 1 and only 1 sp30 at home where as there are many different ways you could max out your home circuit using rockminers.

Besides 3TH/s today is worth 6TH/s in 3 months.

No. You are limited by your power circuit. Everyone has X W spare for mining. Filling it with SP30 would mean that for every W that they have free they can accommodate 2Gh/s while filling it with rockminers means that they can accommodate only 0.9GH/s. The obvious pick is obvious.

Quote
Not all europeans have high electricity costs and I'm sure you know that. Sorry for those of you who do, but mining is simply not for you.(long term at least).
Europeans pay a higher price than americans.

Quote
You could always sell your equipment to someone with lower electricity costs and buy more efficient in stock hardware when you need to upgrade.

Yes good luck shipping the big fat rockminers to anyone. I can justify shipping for 15 burnin avalon gen1 boards and you imply that anyone will pay a lot of money to ship 42kgs worth of 3TH/s rockminers? Good luck with that!

Rockminer gives those with an electricity cap as low as ~200w a chance to mine while keeping a competative $/gh. Spreading the hashrate instead of shoving it all in to datacenters.
And sorry but any miner requiring 200w is close to useless when it comes to spreading the hashrate since the global hashrate just jumped over 100k Th/s  so that is pure BS.
6TH is useless compared to a 5PH immersion cooled monster from xbtec.
I think you know that most of the sp30s will end up in datacenters where as a large portion of rockminers will end up in homes.

Besides the fact that you negated your own statement (yeah sure 200w rockminers will help spread the hashrate while there is a 5PH immersion cooled monster out there) I really wish that the sp30s will end up in datacenters and that a large portion of rockminers will end up in homes. I really do! Once the home miners will fill their power circuit I am sure that their next purchase in order to stay in the mining game will definitely be a SP30 or SP50 miner because of it's power efficiency since they will need to pay more for power and because of their construction which is DC ready. It all makes sense: keep power hungry miners at home where electricity is cheap and keep efficient miners in a DC where electricity is expensive.

2412  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 03:05:32 AM
So you could host 2500W at home. Imagine hosting 6500W at home for just 6Th  Roll Eyes Mission impossible!

But 6TH is an arbitrary number which spondoolies decided would be ideal but is actually inefficient because you need to pay for hosting.

If you need to pay someone for hosting, you are losing money. As much as you might really want 6TH-20TH worth of equiptment, it is simply inefficient unless you can host it yourself.

Rockminer gives those with an electricity cap as low as ~200w a chance to mine while keeping a competative $/gh. Spreading the hashrate instead of shoving it all in to datacenters.

Again you are not a miner and you shouldn't give advice of how miners should act. I just demonstrated you that you CAN host 6Th/s at home without the need of a datacenter. You CAN'T host 6Th/s at home using rockminer miners.

Secondly only US miners have access to low power costs. All europeans (like myself) pay a premium price for electricity and having the possibility to host the miner in a DC at $0.15/kwh is actually GOOD.

All miners already own mining equipment and are very close to their electricity cap that's why a DC where you pay the same price as you would pay home or maybe less comes very handy.

And sorry but any miner requiring 200w is close to useless when it comes to spreading the hashrate since the global hashrate just jumped over 100k Th/s  so that is pure BS.
2413  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 15, 2014, 02:51:41 AM
i dunno, im kinda lost in translation now. Smiley
anyway, i'd prefer divs wihtin the next 2 weeks but im also ready to wait another couple month.

How many months are you ready to wait for your dividends?
2414  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 02:37:43 AM
As I previously said no normal miner and no big mining operation will buy 84kg miners for 6TH at ~6.5KW power requirement. I can host my SP30 at home, can't say the same about rockminer miners.

The last time I had something like that "hosted" in my home was when I had over 2500w of GPUs mining in a room.  It required having every window wide open in the dead of winter.

So you could host 2500W at home. Imagine hosting 6500W at home for just 6Th  Roll Eyes Mission impossible!
2415  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 02:35:57 AM

No it's not an unfair bet because many pay less than $0.1/kwh for home electricity but almost nobody pays less than $0.15/kwh for DC hosting.

Why would you assume that the spaghetti monsters will be hosted at home while the SP30 will be hosted in a DC? Why can't both be hosted either at home either in a DC? That would be a fair bet.

Also good luck hosting ~6500W in USA on 110V! Lots of re-wiring needed!

Quote
Normal miners have 50-2000w worth of hardware.

Big mining operations (50kw+) will not care about weight(shipping pallets is cheap) and they won't care 50% efficiency since they pay less than $0.05/kwh.

Sp30s are for those miners who are somewhere inbetween which is inefficient because you need to pay someone to host them.

So a normal miner would be able to get and host an SP30(2500W), but can't get/host the spaghetti monsters(6500W). Great find!

You are contradicting yourself again. You are assuming that regular miners will buy 6Th/s rockminer miners, but they won't buy an SP30. I don't understand why since the rockminer miners need a lot more power.

Please don't hesitate to show me a big mining operation with rockminer miners that isn't affiliated in any way with AM or rockminer. Will tip you 0.1 BTC for your trouble! But I'm sure that we won't see it because it's simply too much headache to set them up.
2416  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 02:17:45 AM
I don't need to buy 6TH/s to know how much it could earn.

I don't care when you will get your miner because that is irrelevant.  All that matters is when the machines you are trying to sell will ship.

I am willing to bet that rxboxes delivered in 2 weeks at $0.1/kwh will break even before sp30s delivered in 3 months at $0.15/kwh break even.

Now that's an unfair bet. Why the difference in power costs? I know why. Because the big power requirements.

As I previously said no normal miner and no big mining operation will buy 84kg miners for 6TH at ~6.5KW power requirement. I can host my SP30 at home, can't say the same about rockminer miners.
2417  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 01:41:37 AM
And when you ROI before sp30's ordered today begin shipping, you can just sell your rockminer hardware and buy some in stock hardware that is cheaper and more efficient than the sp30.

Let's start a challenge. Go ahead and buy for yourself 6TH/s worth of rockminer hardware and mine with it on Eligius so that we can keep track. When I will get my first SP30 I will put it to mine on Eligius and we draw the line on 1st December. Then we compare the results. What do you say?
2418  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio, Best $/GH/s ratio on: June 15, 2014, 01:37:08 AM
Let me get this straight then … you WILL NOT GUARANTEE that the SP30 will ROI ?

Will you guarantee 100% refunds if the SP30 doesn't ship when promised ?

Yes, but only for you if you buy a SP30.


TBH RoadStress I looked at the SP30 when they were 3 for $20K (April offer) and thought at the time that might be worth thinking about. I thought about it and decided against it because it was a pre-order and because of uncertainly around the price of BTC and the network hash rate. Then you did the GB for $4500 each and I thought … I am so glad I didn't go for that April deal because I would have been really screwed. Then you and Raskul started doing the team shill thing and intentionally spreading FUD around the other threads and I got less and less interested. Then … when you and Raskul started pulling the old 'get 'em while they last' act I realized that this was just another pump and dump. The SP30 may be an ok machine, and it might even produce a small return on my investment if I got lucky, but I'd never buy one from a company with associates like you and Raskul.

Sorry bud.

If you really think that was FUD then it means that you will take the 0.5BTC bet for Neptunes shipping this month right?
2419  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 15, 2014, 01:09:35 AM
So you admit that spondooliestech was talking shit when he said that the 20nm wafers would take at least 4 months? (maybe it wasn't a lie but he was simply wrong.)

Since I can't prove that KnC is lying or not I must take for granted what KnC stated. How long until they package the chips? It's almost 2 weeks and we got no update from KnC. Don't forget that AM got chips in April too, but it took them 2 months to have working miners.

Boils down to a non refundable $5395 for a 90 day wait. http://daycalc.appspot.com/09/25/2014

25 September is too much. I'm thinking that if you order now your unit will be shipped on 10th September which is 2 weeks earlier.

Would you gamble $5,000 on satoshi dice? If not then why preorder hardware? (it's probably riskier with much less reward)

You could always buy 6th/s worth of rockminer hardware for less than you could buy an sp30 preorder now. (shipping in 2 weeks vs 3+ months)

But if gambling is fun for you I would not recommend it.

You really mean this? You really think that gambling on satoshi dice is the same as pre-ordering an SP30? This is the biggest fail statement I have ever seen. Of course hardware in hand is much much better than gambling wtf!

6Th/s worth of rockminer hardware would weight around 80kgs and would need ~7kW of power and you will have 100 cables. OK! Good choice!

2420  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio, Best $/GH/s ratio on: June 15, 2014, 01:01:18 AM
Let me get this straight then … you WILL NOT GUARANTEE that the SP30 will ROI ?

Will you guarantee 100% refunds if the SP30 doesn't ship when promised ?

Yes, but only for you if you buy a SP30.

Quote
The answer is because neither you nor anyone else can guarantee that it or any other machine currently on offer or pre-order will ROI.
To claim otherwise is fraudulent.

I hate to be that guy (not really) but rockminer R60 plan guarantees ROI within 60 days or your money back.

I know, but it's a ROI that suits you the best meaning that the ROI guarantee is only for the unit, not for shipping or PSUs or any additional costs that might occur to the customer and it's only a desperate way of selling the low efficiency and big weight spaghetti monsters because you know they won't sell otherwise. I am sure that even with the dumping price and with the ROI guarantee there won't be so many client available. 32kgs for 2.4Th/s is just a big joke.
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