too fucking tired of correcting this a gazillion times. Some people are just too dumb or too stubborn.


"A simple check box on a website for a person to indicate that he or she is, or is not, a Hong Kong resident would not by itself be a sufficient precaution."

I guess in your case its too stupid. F for reading comprehension.

hmm.. by turning the heatsinks 90 degree, isnt the airflow blocked completely by the heatpipes?

There isnt going to be a next round after HF, CT, and all the other 28nm asics. Whats coming to the market over the next weeks/months is about as good as its going to get for the foreseeable future, at least for many years. Prices will drop obviously, and sales may continue for a long time at lower prices, but there is not going to be another performance or efficiency leap and its probably too late for any new player to step in now.

Im pretty sure WU sees this too. As does paypal btw, its definately not incompatible with bitcoin either.
But as they point out, its too early for them to get involved.

Interestingly, the price seems to hold relatively well in China

Exactly. Moreover bitcoin is not necessarily an enemy of WU. Its also potentially a huge business opportunity for them. For instance, its great that bitcoin allows immigrant workers to send remittances home at no fee, but its pointless if the people back home dont have the required PC skills and access to a bitcoin exchange and bankaccount. WU could just cash out the bitcoins for them, they have a huge presence just about everywhere that matters.

It really shouldnt have to. A BeagleBone is considerably more powerful than a raspberry pi and I would be surprised if it struggled running 4 or many more modules. If its true the bottleneck is there, it has got to be fixable with a less crappy firmware. And if it really is too slow, it would make sense to just buy a second BBB or Pi, you'd get better performance per $.

Likewise for cooling, if the bottleneck is there, then KnC shipped too slow or not enough fans. A pair of exhaust fans costs like $2, why wouldnt they include that for jupiters then? You are paying what, $10 per GH? If more fans would add just 1% more hashrate, its a massive win.

Gee, good point. Did Pirate hire you yet to chair his legal defense team?

every computer program could be considered algebra, that doesnt magically make it elude legislation.

Is the KNC Sept/Oct number for unshipped items only, or their entire first batch? Because if you read the KnC blog, I get a total of 2385 units already shipped and "one good day" worth of production pending (presumably >400).

essentially every bitcoin client will become part of a distributed unregulated security exchange, which might be considered illegal by regulators just about anywhere.  Now whether or not such interpretation would stand up in court, I have no idea, but Id rather not see them get the chance to try it.

Bitcoin is a weird universe. 0.035BTC ? It feels like yesterday that I paid 25 BTC for a 5870 videocard that obtained a similar hashrate.
I guess the bigger difference was that the GPU earned itself back in a few months and this USB stick, well, never will . Still tempted to buy a few just for the heck of it.

Hopefully it will get ugly for the scammers. As an investor, you have little to fear from the SFC, although in all likelihood, also little to look forward to.


It means colored coins. I dont like it, its a neat concept but if its integrated in the bitcoin blockchain, its putting bitcoin itself at risk IMO.

Its been there the first time I looked, but Ill be damned if I remember when that was. FWIW, their ToS state "This agreement is in effect as of Aug 02, 2013."

dont give them ideas. If they calculate ROI in dollar for the MPP, you will be far more screwed even.


In their defence though, being one or two weeks late is not exactly unheard of in this sector, its not illegal, it doesnt entitle you to jack shit according to the terms you agreed to. The one thing thats screwing over all HF customers more than anything is that KnC delivered in spades (even if also a bit late), and you probably didnt expect that, or you would have ordered with them. You can hardly blame Hashfast for KnC succeeding.

You mean, they underestimate the power of angry customers that have paid full up front in a irreversible currency while agreeing to ToS that state they will receive their October order no later than December 31st? I wish you luck.

Makes no sense. What BFL did was one of two thing, or possibly both:
- deliberately ship late/ very slowly, thereby keeping difficulty artificially low and catch even more preorders that appeared lucrative to gullible investors. Thats no gonna work for hashfast, they arent the only game in town.
- completely fuck up their supply chain and production, helped in no small amount by putting a clown with zero experience in charge

BTC exchange rate would have played no role.

KnC is almost through producing and shipping its first batch. I guess the question now is when they will begin the second batch. If they have to wait for more asics, you might get a reprieve. Someone posted there was a 30 day period between batches, but if that means 30 days from end of september, then thats not going to be much of a reprieve.


What makes you think that? If one BJ doesnt make a profit, 200 wont either.


Thats sounds like nonsense to me. Why would btc exchange rate have anything to do with it?


Anyone who wanted to make a profit out of asic mining  should have started one. It always was the only way to make a (fat) profit.

I though KnC picked up the chips around the 25th or so, and started shipping on the 3rd? Either way, I have no good argument for my prediction, other than a gut feeling and the fact that KnC felt like an incredible rush job pulling all nighters and even then they simply shipped before they were ready. Something tells me HF wont do that. Well, even if they wanted to, I kinda doubt Ciara will.

I did not start just now, Ive warned of this when GLBSE opened its doors. Its always been just a matter of time, the laws are completely unambiguous when it comes to trading unregistered securities. At the latest I would have expected people to open their eyes when Pirate was charged for selling unregistered and fraudulent securities.

As for bitcoin itself, I dont see anything clearly illegal about that. There is some faint doubt as to whether or not mining in the US could be considered money transmission and fall under those regulations, but that seems like a stretch to me and no one expects that to be enforced.

Of course once colored coins get used, that may change, if these colored coins represent securities, that has the potential to threaten bitcoin, but the prime risk always has been and always will be issuing and selling of unregistered assets. Thats true for Asicminer just as well, if he is selling to US (EU, Japan, whatever) investors and taking no measures to prevent that, he is breaking US (EU,..)  security regulations. Clearly, exchanges will be the target of SEC and similar regulators first, so I dont expect any action against asicminer, but if you ever feel duped, you have a legal slam dunk case.


btw, for the record: buying unregistered securities is not against the law, in case you wondered.