Perhaps rpietila doesn't have a mental illness, but is master at real life trolling.  Rpietila has a mental illness, and is a master at real life trolling. Better. Most important: never ever trust your money to a crazy guy like rpietila. Don't let his delusions of grandeur to fool you. He's a time ticking bomb. Heck, he's the kind of guy that leaves thousands or BTC on an unencrypted wallet stored on a laptop that he keeps in a Sauna. What about that. |
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Maybe they decided to the some vacation. Standard vacation time in Europe *starts* at about double what is typical in the US.
Man, so who is actually paying Rontus and Annina? Might this anonymous payer be a rival Supernode willing to take away from Risto his nobility titles? Time for tinfoilhatting, guys |
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Well there will be a small decrease from gpu miners jumping ship and the low hashing ascis. Also the other sha coins will distrubute the load a bit, but the only way any1 is going to make a few $ is if the price of btc increases which is the big unknown in the whole equation.
+1 Then it's just more profitable to simply buy BTC with your fiat and not miners. The point in mining is to get more BTC for your fiat than simply buying BTC on the market. No that's the greed in mining. The point is to distribute the network fairly away from few centrally dominant sources and process the transactions throughout the network that make the currency viable... If mining is an unprofitable endeavour for the average Joe there will be no decentralized mining . People just cannot afford to lose money in the world we live in. ASIC mining poses a very real threat to the network decentralization, and that's why Scrypt based coins have been developed and Avalon says that they always wanted to go open source and sell chips only. |
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Well there will be a small decrease from gpu miners jumping ship and the low hashing ascis. Also the other sha coins will distrubute the load a bit, but the only way any1 is going to make a few $ is if the price of btc increases which is the big unknown in the whole equation.
+1 Then it's just more profitable to simply buy BTC with your fiat and not miners. The point in mining is to get more BTC for your fiat than simply buying BTC on the market. |
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This is what you have with ASIC.
You either mine yourself, or you sell the hardware at more than you will get by mining. Doing otherwise has no sense from a business perspective. Fallacy. Just because you can run a profitable venture with 60 gold mining pick axes does not mean you "automatically will" as a company. You might wish to sell it to others who will put it to that end use. A real world example is ASICMiner. When their blades were profitable they seemingly couldn't house all of the blades they produced at their farm. They sold units and/or ran them until they could grow and expand their mining farm. They turned to selling them to fund their operations. ====================== Either way, the Logic (if you want to call it that) that BlackArrow uses is broken in such an obvious way...it's not even funny. You can't sell mining equipment above what it actually produces in a reasonable period of time. It would entirely defeat the purpose of mining. Is there something in the drinking water these days or is it me?The only way for customers to be offered competitively priced units that allow ROI is to be "investors" when the manufacturer hasnt got the funds and needs to gather money through preorders. If the vendor has the money to develop the units by himself, he would either mine or sell them for more than those machine will mine. It's pure logic. A argument that does not apply. BlackArrow is not developing anything. They are simply cloning hardware where all the work has been done. Their expended effort is minimal compared to what the Avalon Team had to put into it. They literally have it put in front of them on a silver platter. Guys, ASIC mining is a very special beast by itself. The company that offers to their customers immediately available money printing machines that guarantee ROI does not exist, and will never exist.
That is some very concerning bullshit you are posting there. I made plenty profit. Again, is there something in the drinking water that I should know about? Do you people even think before you type? Sorry, but seriously. Your arguments are usually right on the spot, but this is not the case. ASIC miner hardware is hugely overpriced and doesn't allow any kind of ROI, so you are actually confirming what I'm saying with your example. You probably have made plenty of profit with an Avalon batch 1, as you were an investor: Avalon needed your money to develop and manufacture its units, there were no guarantees no prototypes whatsoever, the delivery was expected +3 months after payment, and for all these reasons batch 1 customers/investors were offered such a good deal. Again, you are confirming my point with your example. Nobody is going to sell you immediately available money minting machines for less money they will likely mint, unless you have a rare case where a company's production capabilities are vastly superior to their deployment capabilities. Even in that case, as per ASIC miner, they will try to price the units so selling them will be at least as profitable as mining with them (as ASIC miner did), making ROI unlikely for the customer. That's what we are going to get with ASIC, we better get used to it. |
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This is what you have with ASIC.
You either mine yourself, or you sell the hardware at more than you will get by mining. Doing otherwise has no sense from a business perspective.
The only way for customers to be offered competitively priced units that allow ROI is to be "investors" when the manufacturer hasnt got the funds and needs to gather money through preorders. If the vendor has the money to develop the units by himself, he would either mine or sell them for more than those machine will mine. It's pure logic.
Guys, ASIC mining is a very special beast by itself. The company that offers to their customers immediately available money printing machines that guarantee ROI does not exist, and will never exist.
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Why is everybody so happy that they can produce and deliver so many units per day?
Don't you realize this is a race, and the best way to maximize ROI for customers is to sell batches, as Avalon did?
Just think: if KnC sells 1,500 Jupiters and delivers them quickly, when added to the rest of the network each one will probably produce aprox. 1BTC or less per day, and ROI will be unlikely. If they sell +3,000 Jupiters (which seems likely they will do), when they arrive each Jupiter will produce 0,5BTC per day or less, and ROI won't never happen.
Honestly, it's pretty scary to see them pushing out those numbers. Each additional Jupiter they sell removes value from the previous one. Kinda the same problem we thought BFL would have, but the reality ended up being that they are so slow delivering that actually their very first customers may break/even with their units despite the delays.
and what is avalon doing?....they sale millions of avalon chips....it is the same thing BFL sells chips, too. But only 100,000 https://products.butterflylabs.com/65nm-asic-bitcoin-mining-chip.htmlany idea what the TH will be in November / dec 2013 ? is there a link someware to bitcoin hashrate by end of year predictions ? my guess: bfl current orders ~ 400 Th -- Avalon chips ~ 300 TH --- KnC ~350 TH ---- Asicminer ~ 100 TH --- BFL chips~ 400 TH + Current network ~ 136 TH = about 1686 TH With 1686TH/s on the network a 350GHs Jupiter will generate 0.7BTC per daily. That would have been an awful investment. |
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He's pissed because he's not making a fortune anymore.
Did you just post the primary reason why people should not shell out over BTC 100 for a 70 GHs ASIC to be delivered in September? Great advice! This. |
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So much fail on this thread I cannot stop laughin out loud
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LOL, best "about us" ever In March 2013,Chris sold his car so we could buy food |
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I find it hard to believe you missed the part where craploads of companies are accepting Bitcoins and that it is growing every day.
I find it hard to believe that this same quote keeps being used after every crash. Yes, people were saying this in 2011 before we fell below $10. Right. Bitcoin can grow behind the scenes and the market can still go down despite it. It happened before, it can happen again. And it's happening. |
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All this was released before the terrorists were trying to take away our freedom and the US decided it had to take away our freedoms to protect those freedoms.
Nobody wants to "take away" your freedom but your very own government. |
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Rampion and nubbins, kindly stfu. This isn't your twitter feed, nor is it a place to discuss the various exchanges. The question of where SD shares can purchased has be answered (Even though that too is not a question appropriate for this thread. If this thread could be found, then so can the pass-through threads in the securities section too...also Google achieves the same)... Tired of seeing the degeneracy in peoples understanding of how a forum works. see- https://bitcointalk.org/index.php?topic=217081.0Shameless self repost to re-align this derailing on the glorious page 93. Ok, I think the people are finally waking up to how badly this whole business, not just this situation is being managed. So please Erik, take some time to both consider some of the suggestions put forward by the community (1), providing your reasoning why/why not you choose to accept or deny them; And give us all an idea of where you're steering this - What are the current developments in working and what are their expected time frames. These are not unreasonable requests and undoubtedly will improve your public reception. If we can just see some evidence showing you're not going at this whole thing blind folded, we'll instill some confidence in the long term prospects of this endeavour. (1) - Unobtrusive Text advertisements/s. I gurantee there is a market for other business' wanting to plug a simple link to a high traffic BTC related site such as SD. The time-frame, advertisees and placement of course is up to you. An auction nearing the end of each time frame would be the simplest way to calculate the demand/charge cost for the ad. This provides both a source of income (That could go towards the betting pool instead of dividends) AND helps establish other btc companies trying to get some exposure to the exact crowd they want/need (btc users). I'm not usually one for supporting advertisements, but in this instance it is so clearly a smart move for all those involved. If any other members here support or dislike this idea, I urge you construct an intellectual response , not a forum sliding waste of space - "yea do that! / no that's shit!". ( A sample of how this has already been implemented in another site is here, in the top left. Generating ~100 btc a month: http://bitcoinity.org/markets? )- A dual system of account-less play and pseudo accounts (like PrimeDice (as much as I don't want to support the visibility of a real competitor)); These psudo accounts work simply with a user defined cashout wallet and a server defined play wallet...you can instantly deposit to the play wallet but Once you press cash-out, it will only send once the conditions are met (deposit has x confirmations for a amount of x btc). Additionally, the method of defining the odds you want / payout ratio is far superior. I would definitely suggest innovating on that idea. (There is no need to leave the veil of complexity and confusion by using the 0-64000 set. Of course for Authentication and result calculation you can still use them and give means to access them by users, but they should be represented as a decimal-ed percentage 99.25%...Anything more is undue complexification. - Opt-in/opt-enabled CHAT. Giving users who wish to socialize whilst gaming the option and ability to, while leaving those who wish not to alone. Even a complex chat system is not difficult to implement ( I built one from scratch in my second year of Uni) ..I can't think of any good reason not to pioneer this idea. (I'm sure your I.T guys are itching to do something other than nothing? maybe penetration, bug, load testing?) ---Example chat, but not exactly as I'm describing === https://btc-e.com/- Alt games. Yes the simplicity of SD has it's appeal. But one should not only eat rice, there are many different flavours out there..Many better and more appealing than 'rice'. Implemented as straight forward coupled with accounts. (blackjack, video poker, roulette, war etc.) - These can work standalone per user or on the same virtual table for a far more realistic social experience) -always opt-enabled/disabled - Alt currencies: By all means, game the system a little and buy a bulk of coins before the announcement of plans to implement alt coins. You can let it create it's own betting pool over time by limiting the max bets etc until it can sustain higher level. The benifits of this would be increased traffic from miners who have little to do with their coins but gamble,hold or sell. - The lifting of the overly cautious American user barring. (Of course, comply to these restrictions if and when they become present) - A site redesign competition with a prize (in exchange for full ownership rights to the design) Lonewolfing this operation initially started well for you, but these string of events these last past months are not showing an signs of encouragement towards a favorable future... Erik and others, please voice your thoughts and opinions of the above...Ensuring not to make any 'I'm an uneducated dick with an (unfounded) opinion' style posts. P.S. Erik, the announcement and inexplicit costs are still awaiting your (or the PR's, lolololol) appropriate explanation. No one is reading your brain farts, do you realize that, bro? |
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Alt coins are mostly useless. That is why they are not listed there.
There are exceptions... but only a few such as LTC. Please let me know what definitive advantage LTC has over BTC, apart the fact that it was quite good to everybody that has speculated with it so far. The confirmations are faster. Wow, 2.5 minutes is so superior to 10 minutes, in fact we see all vendors dumping BTC for LTC because 2.5 minutes open you so many new possibilities that make 10 minutes obsolete. It's BS and you know it. LTC is piggybacking BTCs success without introducing any fundamental changes, as all the others scam coins. Disclaimer: I'm holding LTC and I made a big profit speculating with LTC. But Im also making a good profit speculation with XRP, which is the ultimate centralized and premined scam coin. Stupidity has no limit. It makes a difference in real life situations such as buying food in a restaurant. No it doesn't. You have never bought food in a restaurant with LTC, and you know it. For immediate transactions, you have VISA. That's not the point of crypto. I was talking about the future use of crypto. Crypot has to become mainstream in order to become a success. Following your logic, worldcoin or instantcoin or any other scam coin with instant confirmations will prevail. It's a flawed logic, if you need instant confirmations you can use services built on top of Bitcoin. Please explain me why 2.5 minutes makes LTC more useful than BTC, while an LTC clone with 1 or 0.5 minutes confirmation is not much more useful than LTC. I never said that ltc clones that have faster confirmations are not more useful than ltc or btc. I was using ltc as an example plus stop referring to it as a scam coin. I believe that in the future bitcoin should be used for buying real estate or trading or buying anything that's extremely expensive whereas litecoin should be used for every day things like buying coffe from starbucks. You seem to do not understand that third party services built on top of any crypto can give you instant confirmations for you coffee or whatever. Litecoin is well established just because it was the first after BTC and because it has a special appeal for some miner because of scrypt. There's no real advantage over BTC, and that's why the few vendors accepting crypto are accepting BTC and not LTC. |
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So to any of you that are prepared to swallow the shite that KNC put out: Beware.
I'm not saying they are scammers, but they are dishonest with their information, to put it mildly. While you may be right in saying this is the "magic" behind KnC:s algo, the way you express your thoughts reminds me of another forum dweller here... Is that you, Josh? What magic? What algo? There's no KnC ASIC yet. It's just a promise. All this is just mental masturbation. |
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MtGox can do wire transfer to anywhere in the world including US
people are selling because they are scared
mmm good luck with that. I made a withdrawal pre bubble burst and have yet to receive funds.... I made at least 3 reasonably big withdrawals (5 figures each) post bubble burst and I received the money in 2/3 days. SEPA transfers. In that sense Gox works like a charm for me, I guess that being fully verified and having requested to have the higher limits help? Didn't help me with SEPA and I'm also fully verified. I don't know why but it's working very fast for me. High 5 figures cashed out in 3 separate withdrawals that came through in 3 days max each one. Last one was initiated last Sunday and arrived on Tuesday. I have to say I have no complaint with Gox on that sense. |
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Alt coins are mostly useless. That is why they are not listed there.
There are exceptions... but only a few such as LTC. Please let me know what definitive advantage LTC has over BTC, apart the fact that it was quite good to everybody that has speculated with it so far. The confirmations are faster. Wow, 2.5 minutes is so superior to 10 minutes, in fact we see all vendors dumping BTC for LTC because 2.5 minutes open you so many new possibilities that make 10 minutes obsolete. It's BS and you know it. LTC is piggybacking BTCs success without introducing any fundamental changes, as all the others scam coins. Disclaimer: I'm holding LTC and I made a big profit speculating with LTC. But Im also making a good profit speculation with XRP, which is the ultimate centralized and premined scam coin. Stupidity has no limit. It makes a difference in real life situations such as buying food in a restaurant. No it doesn't. You have never bought food in a restaurant with LTC, and you know it. For immediate transactions, you have VISA. That's not the point of crypto. I was talking about the future use of crypto. Crypot has to become mainstream in order to become a success. Following your logic, worldcoin or instantcoin or any other scam coin with instant confirmations will prevail. It's a flawed logic, if you need instant confirmations you can use services built on top of Bitcoin. Please explain me why 2.5 minutes makes LTC more useful than BTC, while an LTC clone with 1 or 0.5 minutes confirmation is not much more useful than LTC. |
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Cypherpunks is certainly an interesting topic, but is not of interest to me at the moment.
Lol Really Exactly.  I'll look into cypherpunks if I really cannot do anything else with looking into Satoshi Britain is in GMT/UTC time zone which is the default time zone in this forum IIRC. Maybe they just didn't change their profile I was not aware of this. I would think it would be standard human behavior to customize voids that we would know how. I'm positive Satoshi knew SOMETHING about his timezone. I changed mine, so either he does live in Britain, or didn't change it at all. Most of the members here never changed the default time zone. I never did and never will. Why? And a guy like Satoshi, who always connected through Tor and looked for complete anonymity using a pseudonym, would never give up personal details like his true time zone. Seriously, did you even think before typing? |
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What I can not stand any longer are bullshits like "We are doing it because of Bitcoin, to secure the network" while actualy they are doing it for
millions of $ without giving a shit about those who will probably really do it for Bitcoin (not bitcoins), given that stories about profit are entering
the domain of sci-fi novels.
Yep, profit is gone. Unless you invest a few million $ to develop your own chips and ass rape the network. That will happen sooner or later, money printing machines that guarantee profit are not and will never be a consumer product. Break-even (in terms of bitcoin) in 37.9 days at today's difficulty (4-unit). And these will ship, it seems, within the month. You can be sure that no batch 3 will be delivered in June. Quote me on that, because it won't happen. |
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Alt coins are mostly useless. That is why they are not listed there.
There are exceptions... but only a few such as LTC. Please let me know what definitive advantage LTC has over BTC, apart the fact that it was quite good to everybody that has speculated with it so far. The confirmations are faster. Wow, 2.5 minutes is so superior to 10 minutes, in fact we see all vendors dumping BTC for LTC because 2.5 minutes open you so many new possibilities that make 10 minutes obsolete. It's BS and you know it. LTC is piggybacking BTCs success without introducing any fundamental changes, as all the others scam coins. Disclaimer: I'm holding LTC and I made a big profit speculating with LTC. But Im also making a good profit speculation with XRP, which is the ultimate centralized and premined scam coin. Stupidity has no limit. It makes a difference in real life situations such as buying food in a restaurant. No it doesn't. You have never bought food in a restaurant with LTC, and you know it. For immediate transactions, you have VISA. That's not the point of crypto. |
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