Nope. US government has no authority over activities that take place outside of US borders. too fucking tired of correcting this a gazillion times. Some people are just too dumb or too stubborn. so long as they do something as simple as post a checkmark for people to click to indicate they are not HK residents. " 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.
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hmm.. by turning the heatsinks 90 degree, isnt the airflow blocked completely by the heatpipes?
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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.
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Its also potentially a huge business opportunity for them.
This. Too bad they don't understand they can optimize their back-end to use bitcoin to transfer value between subsidiaries (WU nodes). When they realize the benefits there will be another company offering the same service with lower commission. 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.
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Interestingly, the price seems to hold relatively well in China
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I can see that none of you even looked at the presentation. If you read the presentation, you will see that it is very neutral, and perhaps even a little pro-bitcoin because it acknowledges many of the advantages of Bitcoin. The reasons it gives for saying it is not "ready for prime time" (regarding international money transfer) are accurate:
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.
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From a logic point of view: Of course! Assuming that the ASICs perform at the same speed for both models under the same environment.
BUT - 2x Saturn have better cooling (you can fix this with manually adding extra cooling/fans) - The flushwork and maybe some other CPU/FPGA actions rely on the BBB speed. For a Jupiter the BBB has twice the amount of work to do.
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.
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Gee, good point. Did Pirate hire you yet to chair his legal defense team?
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every computer program could be considered algebra, that doesnt magically make it elude legislation.
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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).
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Putting the Blockchain at risk? Please elaborate.
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.
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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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . Still tempted to buy a few just for the heck of it.
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This is gonna get ugly
SFC is getting involved
Sell while young still can
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. Friedcat stated something interesting: Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).
Though its open what that really means. 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.
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Was the Dec 31 clause added later?
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."
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Wow. So with MPP, it is only calculated in BTC. But when it comes to ROI, he switches to USD?
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.
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However they are underestimating the power of angry and organised customers.
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.
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If the btc price is skyrocketing, your customer are not losing usd, only btc. It's what BFL did.
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.
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With knc shipping in volumes, i'm not sure that this is correct. 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. Anyway i'm quite sure that the guy who bought 200+ will come out just fine. What makes you think that? If one BJ doesnt make a profit, 200 wont either. And apart from that, i would like to have a proof that the delay is really not depending from them/no hashfast chip will hash before the middle of next month. It wouldn't surprise me if "delaying" the shipment by "2 weeks" was a "decision" taken after the btc price spike. Thats sounds like nonsense to me. Why would btc exchange rate have anything to do with it? God, i'm starting to know hardware sellers so well that i should start my own. 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.
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Yep. Though to be fair, thats exactly how it went with KnC, and I assume they did plenty of testing with an FPGA. Of course its entirely possible (likely even) they will run in to more hickups, like the firmware issues KnC had. If they dont get packaged chips in the next 10 days, I seriously doubt they will ship anything before the tail end of November. Why 20+ days beyond chip arrival for shipping? Since you reference KNC they went from chip delivery to shipping in 3? 4? days. Granted that was kinda impressive but even a week isn't 3 weeks. 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.
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Puppet... till now no one feared the chinese government because of selling shares. btcgarden only closed because of the risks involved with chinese crowdfunding, as far as i know. And friedcat always checked out such potential legal risks to Asicminer. I mean it would be pretty stupid to risk all his income. So if you now start to generally question the legality then why not start at bitcoins? Its still a gray area and governments would have any right to forbid bitcoins. That happened with many regional currencies before often too.
So far i trust friedcat more than your legal advice in a anyway legal gray area.
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.
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