I try to stand in the middle on these things, especially with as much newbie bashing as goes on here, but seriously Mr. Cannon, you CANNOT come in new with all guns blazing and expect to be taken seriously.

In case you hadn't noticed, emotions are running high on this, on all sides. Ya might want to cool your jets, or at least not fan the flames of an already angry mob.

There is no reason to make it personal. The issue is when/if BlackArrow is going to deliver, and if not, what they're gonna do about it. Frankly, the level and quality of their communication is harming them, but flaming each other is not going to resolve anything.

A point was made earlier in the thread that I wish to dispute. Somewhat.

I don't recall which of you said it, but what was said was that ASIC chips are relatively cheap to produce and sold at an absolute premium. So far, so good. But then the point was made that anyone developing ASICs would be insane to not follow that paradigm.

This is what I would dispute. The opportunity exists right now for someone who has the resources to follow a rather different model, and it's not only not insane, it would generate them more business than they could handle AND more goodwill than any other manufacturer.

That model is this:

Make a small batch that's expensive enough to cover NRE and a rather large chip run. Use the profits from that batch to build a huge amount of machines, and sell them just over cost. The profits per machine would be minimal, but selling IN HAND at low cost would gather up so freakin' many sales that said manufacturer would probably have to expand their operation to keep up with demand.

Now if you believe that Bitcoin is a passing fancy, this model will not appeal. If you're only in it for the short run, it won't appeal. If you want to be top dog when the dust settles, it will have a great deal of appeal.

This is the way I would do it. I am crazy, but I'm not insane. I understand the consequences and morals of my actions. (reference M'Naughton, the legal standard for insanity at common law). The only thing stopping me is lack of funds, as with money I could hire the experts.

Personally, I love ASICs. They're making the network so strong that mainstream adoption of bitcoin is within reach, as even the true paranoid can do the calculations and figure out that the network can't be easily broken. Would it have gotten there without the ASIC revolution? Probably, but it wouldn't be there now.

This same "arms race" happened with PC's. In the long run it was a good thing, as you can now go to Walmart, plop down 400 dollars, and have what was defined as a supercomputer when I was a pup.

Not sure if you're aware that Giga ran a successful pool for a long time. He and Wiz are well acquainted. In general, you're right on the money, but in this instance I believe they are personal friends.

Easy, boys. Hit the bong... Hold it... Hold it... exhale.

Feel a bit more civil?

Congratualtions! I hope it all goes well for you.

I largely agree with you here, but I do want to say that if LightningAsic plays out like Bitmain, then waiting for a price drop might not be such a bad idea. There's more than one winning strategy.

Of course I'm so fucking broke all I can do is watch and grind my teeth anyway, so.. best of luck to all of ya

Damn, that woulda been about a day's drive from where I was in PA If I was still there I might come by and buy you a beer. That would be cool, except it would mean I was still in Penisylvania.

True enough, but the implication in the press release is that they are going to throttle it further. Of course I can't prove this, but it's my thought they are doing so not to "test" their fix for their essentially bullshit problem, but to prevent practically everyone from just getting the hell out.

FWIW, I primarily use Coinbase. Never had a problem, even though they were usually a bit behind the market. There's something to be said for decent customer service.

Or comprehend real good either. I'm not a college educated man, but I can baffle 'em with their own discipline. It's disgusting. And to think this was the country that 150 years ago was the wonder of the world for our literacy

I am homeschooling my children. Even if I weren't an anarchist, our State schools are harmful to the minds of humans.

I suppose I should get back on topic now.

From what I've seen in other threads, the A1 chip is pretty awesome. I really hope Bitmine pulls their heads out and does right by their customers, cuz I want that chip to stay on the market!

Updated OP.

It wasn't aimed at you, Puppet. To me at least, you are not annoying.

I've been on internet fora since the beginning of the web, and on BBS's long before that. I didn't mean this thread, I meant this forum. I like it here, but it is an extremely paranoid, provocative, and often brutal place. Most of my life I've been the crazy one. The reason I like it here is that I look sane by comparison to a LOT of the people who post here.

As I've said before, AMT was good to me, personally. I do not think they have handled their company well, which bothers me. I thought the "say good things and get a discount" thing was, from a marketing standpoint, pretty much like shooting their own dick. For my own reasons, not just that they gave me a nice machine, I'd like them to succeed. But to do so, they need to step up on the front of the house. Big time. So does their business partner in Switzerland.

Asiabtc just announced a 1TH bitcoin miner for sale now. Not later. They're already shipping the five chip Gridseed hybrids.

Antminers will be shipping again in just a few days.

C'mon guys, Philly boys are supposed to get things done! In my time in PA, I was under the impression that it was only the west side where everybody surrendered their soul at birth. The few guys I met from Philly still had some life and fight in them. The people, using the term loosely, in the Monongahela valley were born to lose and proud of it. Wake up. Show 'em that SOMEBODY in PA still remembers what it means to be an American, vs. being a Subject of the Commonwealth, vassal republic of the United States of America, INC.

I've largely kept this to myself. But from 2005 until last June I lived in Monessen and Charleroi, two of the worst hell holes this side of perdition. Nearby to them is Uniontown, founded July 4th, 1776 upon news of the Declaration of Independence from the King of England. It's a town that is the site of one of the first battles between British and American forces. It's a place I wanted to visit for almost my whole fucking life. I get there, and the people who fucking LIVE THERE do not know the history that surrounds their town. All over the West side of the Commonwealth, I find people who are better off dead, because dead is all they are ever gonna be. It is the only state I have ever been in where the welfare recipient openly MOCKS me for working. A place where teenage girls dream of getting pregnant so they can get on welfare. No, I'm not kidding. I heard that so many times that it made my head spin.

My fortunes have waned and waxed all through my life. I've made more mistakes than most men survive. I have had to take the welfare dole to support my family. I am ashamed of that and WILL rise above it. But there will NEVER be a day when I will be PROUD of being a loser. That's what Western PA is about. Proud to lose, unless it's the Steelers. I see a company trying to do something cool in PA, and I want it to happen. I don't want to believe that there is no one with cojones, vision, and drive in that benighted state. THAT is why I was hoping from the very beginning that AMT would deliver. Because it's a blow to the horrible wrong that is modern Pennsylvania.

Why they chose me to test their unit, I still don't know. I'm glad they did. But they REALLY need to follow through. For the above reasons, and more importantly, because it's simply the honorable and right thing to do.

Zefir, correct me if I'm wrong, but English is not your mother tongue?

"Who cares?" in common English usage, pretty much all variants, is pejorative. I didn't take it that way, but I can see where one might.

I actually run into things like this a lot on this forum, where the denizens are from all over the world. It runs from minor things like this to being incomprehensible. I have no skin in this particular game, but I do appreciate your updates. The company I most want to succeed, because they have been good to me personally, is AMT, and they run these chips. So I do have a direct interest if not risk. The FUD is actually kind of entertaining, the delays not so much. I enjoy your posts, and I think everyone watching appreciates the information. The main frustration lies in that we get the best information from a contractor rather than Bitmine themselves. No offense to you whatsoever, and rather an egregious stance from them.

FWIW, I'm American, and my countrymen for the most part have a worse grasp on English than most Europeans. It drives me nuts.

First one I knew of to get them was Beastlymac. Hardly a newbie

and quick observers. No problem with the paradigm, if you do it smart. From either side. Sucks for long view'ed holders, cuz it's a roller coaster.

Payment processing.

No, I don't know how to do it or promote it, but it's the bottleneck for all crypto right now, including Bitcoin. If you can make transactions happen, rather than settle, at the speed of Visa, then whatever crypto gets there first wins. And since the network is 24/7, actual settlement will occur way faster and way cheaper than the above mentioned visa card.

It's a start... But I think they'll stick with dollars for awhile. By far the best "underground" currency at the moment.

Well, you lurked for a month after registering before posting. That shows some initiative This forum should really have a "not newbie friendly" warning at the top of every page.

So, welcome aboard. Keep your skin thick, keep reading more than you post. This place has some brilliant people, some interesting characters, and a whole lot of assholes. Won't say where I fall on that spectrum, except definitely below brilliant

I too think they'll ship. It was supposed to happen today, but they've been overly optimistic before. They were three days "late" shipping mine, based on when they said they were gonna. Actually worked out better for me, even given the perfect cost

In my few conversations with Jim, he seems a very genuine guy. Also rather rough around the edges, which is all right. I really want them to do well, cuz I am hoping by the time the tax returns come around I can afford to actually buy a miner from them.

nah, don't cut your hair. Long haired freaky people will one day rule the world!

Joking aside, I agree.

I haven't really followed that tale, so I don't know. I do know that ghash and CEX were always linked, and that they built a huge farm based on bitfury chips. This was all out in the open. The way they are structured lends no "conspiracy" to their feeless structure.

What if any relationship they bear to 50BTC I have no idea.

They own a lot of the hashing power on their own pool. That's direct profit. They are part of the same group as CEX, who's per share (~4 USD/GH) is outrageously expensive. If they reinvested 90 percent into hardware to keep up with/expand the network, they would still be profiting handsomely.

On it's surface, you have an interesting argument, but it don't hold up.

As to them being in London's financial district... They aren't. It's just an office. They are, IIRC, a Russian company.

I don't mine with them, as they were difficult to set up for me, and Eligius is not. And frankly, Wizkid provides better customer service.