Depending on how hot it gets, we could retrofit some easy-bake ovens.
Now that would be fun to use ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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We chose the top contender, what more do you want? Seriously... it's like impossible to please people.
I'm ticked off you selected someone who doesn't drink beer. That just ain't right. Of course you could send me the beer you were going to buy him, that would help sooth my disappointment. Hay! Beer, for that matter Tea, and, Carbonated water makes me space sick. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) .....However throw in some Wasabi, then i'm good.
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For me the site is still offline / showing error 500 "Internal Server Error" /edit: Online again at 10:55 pm.
Its up.
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1) Why are you calling it 200k MH/s? Wouldn't 200GH/s be easier? Sorry, pet peeve.
2) A large FPGA and/or GPU farm could get that high, so it's not unreasonable.
Fine ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Title Edited.
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gpumax?
I thought GPUMAX was sold yesterday. Apparently so.... Per the #gpumax channel topic on freenode: <pirateat40> GPUMAX will be down on 10/08 at 12:00 AM CST. The system may or may not come back up depending on the new owners.
Source here
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There are 2 people on this forum that have more than 150k MH/s
Gigavps has 4 BFL minirigs and a giant GPU farm. Total more than 200k MH/s. Darkice has 6 BFL minirigs. I don't know how big his GPU farm is. But he has at least 150k MH/s.
Asic is not out yet
You may be correct. Perhaps they are doing tests for the new protocol.
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maybe she heard about cam4 credits and other camera whore money making stuff online
and when u said online currency she thought u were calling her a whore by asking her is she had any. not knowing bitcoin isnt 'one of those' credits
but then again going up to a girl and asking them if they have any money (in any form) isnt a good conversation starter
you'll never get a girl using bitcoin as a topic, its kinda third date territory at the minimum. plus girls are only interested in what is in your pants. EG keys to hotel room, wallet, and the obvious.
leave bitcoin out of conversation next time. if u want to show off how rich you are just keep it simple "i have thousands in a offshore account"
+1
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we arent even close yet to chip / board availability limit (which btw is right around 1000 units) to be available to ship with the first batch.
The first "batch" is scheduled to begin shipping the first week after thanksgiving. I have probably only 2 people confirmed so far to help out, I still have to interview others and depending on our order load come the end of November I may need another 3-8 people to work 1-2 weeks.
As I explained before this is really the only bottleneck, the supply of hardware is available - but it will take some man power and man hours to get these loaded with firmware, tested, postage printed and shipped out the door.
Exciting stuff! You may yet beat BFL - hope you do ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Thanksgiving in the USA is on Thursday, November 22, 2012. Based on what has been said, we could expect first shipment to be on November 29th 2012.
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Adam, do you have some bids in?
i got some coins but people out bid me ... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fnre35.jpg&t=663&c=wgpy5tyLWWDYHQ) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FfvdkX.jpg&t=663&c=3bWapGRWSW3_2w)
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That he bothers you SO MUCH actually says more about you than him.
Coming from a furry, I'll take that with a grain of salt. IF your a bear does that make you a furry too? Insert random Bear in a flaming car photo here. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FrSkUb.jpg&t=663&c=Z8M1TwClZlp-IQ)
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As a "hardware guru" of sorts, I have to agree with the seriously questionable nature of these ASICs. First, they're going to be on what process node? 22nm is definitely out as Intel is the only one doing 22nm, and they don't fab for other people (especially something as small as a Bitcoin ASIC). Realistically, 2xnm and even 3xnm are highly unlikely as they're the state-of-the-art and that usually means harder to work with. So let's go with something reasonable like 40nm from TSMC.
Second: Anyone remember all the issues with NVIDIA and AMD transitioning to 40nm back in the day? And those are big, experienced companies, not some fly-by-night group. NVIDIA was very late to 40nm, and their initial chips (e.g. GTX 480) were underwhelming. It wasn't until the GTX 580 that NVIDIA really got the hang of all the things to consider with TSMC 40nm. AMD meanwhile transitioned to 40nm with a smaller chip first, learned some lessons, and they were prepared for the idiosyncrasies when they created the Evergreen family of GPUs. BFL (and the other ASIC groups) have none of this experience, so they're basically flying blind right now and hoping for the best.
Butterfly Labs may have some awesome computer models of how their ASICs will perform on 40nm (or 32nm or 28nm or whatever), but when they finally tape out and get first silicon I can pretty much guarantee the things won't work. Then they have to debug (which requires some pretty serious hardware if you're encountering chip errors), come up with a revision that will fix the problems, resubmit, and maybe the second revision they can get hardware working. Then the clock speeds get dropped because the chips don't run as fast as they wanted without overheating or other errors, and you end up with maybe half of the promised performance if you're lucky.
Third: Even if everything works out well and BFL (or some other group) can deliver a working ASIC that will do 60 Gh/s at 60W, the amount of money required to design, test, validate, code, etc. such a device will be far higher than what we're seeing in terms of pricing. Several million dollars would be my minimum estimate, and if they sell to people at a 100% markup, they need to likely sell more than $10 million worth of ASICs. At a current pre-order price of $1300, do they really have 8000 orders lined up? From there, those people buying will need quite some time to recoup their investment. Even if pricing stays at $12/BTC, with the block halving they would need to mine every BTC for about eight months just to break even.
TL;DR: ASICs sound like the next big thing, but the claims of 60Gh/s at 60W for $1300 (or less!) are simply too good to be true. Bitcoinica/Zhoutong got out of BTC with how much money "stolen"? BS&T/Pirateat40 took how much BTC/money from investors with his ponzi? I could see BFL topping both of those by the time all is said and done. For ASICs to make sense, I think BTC has to have a much higher price and much higher usage in the real world -- and it would need to cut ties with the anarchistic groups that are currently in love with it and somehow get big investors and banks involved (which is something most of the current users would oppose). ASICs might come eventually, but I'll be shocked to see anyone doing 60Gh/s on a single chip in 2013, let alone in the next three months!
No one said they have ASIC's that do 60Gh/s on a single chip ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Thats no turning point yet. Only a little upwardish triangle inside a larger down trend. No relevant trends broken and no SELLING volume much more prominent then BUYING volume. I expect this to go down further, somewhere just above 10$.
i guess it depends on what happens today. if the market is still bullish ( once people stop DUMPING :p ), last night was bottom... at least for a good while Seems like going below 11 will happen again today for sure. Only the true beliefs of true believers of bitcoins strengths over the long term is bullish for them. Short term things have gone downhill in so many ways. So buy some bitcoins for speculation or drugs/gambling but that is about it. Investing has resulted in total mayhem for the most part. My investment is doing OK... http://www.bitcoinmoney.com/post/32694107461/september-2012-resultsbuying at a low price and cherry picking the time frame is awesome! how about justifying buying right now at 11? do you really expect the price to be 20 this spring? more then likely it will be dead money for the next 6 months if you are lucky. The valuation is not @ $4 a BTC just yet. (May never get to that again. Who knows) However here is a spreadsheet with my hobbyist results for the week of October 6th to 8th. (Having to work a long weekend is not without its opportunities) https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdGdJTXhOdVlHTmVEVGxrM3J5bkN3UVETake a small amount of BTC, (just over 107 BTC) and make just over 8% return in BTC in 3 days is nothing to scoff at. EDIT: Made an error in calculating Total BTC Averaged Sell Transaction Cost. Should be 0.56BTC instead of 1.8BTC. So the return on 106.32BTC is 116.21BTC. Thats an increase of 9.89 BTC or 9.3% ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FpuSfA.jpg&t=663&c=DPDP85vREcIP7A)
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And we all know that the cost of the ASIC devices will plummet as the marginal cost of producing the chips after the initial investment is close to zero (or very low)
Everyone seems to be throwing that around but I don't see it happening. The 3 manufacturers almost have a monopoly. BFL will release first in all likelihood and they have a monopoly on "budget" hardware that's a bit slower but more affordable. bASIC will have a monopoly on larger rigs that are actually built well. All the pics I've seen suggest BFL uses REALLY sketchy parts like cheap fans and stuff. And Avalon is releasing their products so unbelievably late, they're not even in the picture. So that means they can all charge whatever they want. Here's my theory. Once a company has sold XX amount of mining hardware up front, jack up the price. That's because for every ASIC miner you sell, you devalue your product. The less people mining, the more you can charge because people's ROI calculations will result in a smaller time period. Let's say it takes $50 to build a Jalapeno. If the price is $300, less people will buy it but they'll be willing to pay more seeing as how less people are buying them. Then it's just a cost of manufacturing thing. In 6-12 months those ASIC devices will be replaced with better equipment. During that time they will not lower their Price and here is why. Reason 1. Have a product to offer that is better then your competitor makes you money. Reason 2. During the time of development they will have to fund that research. Reason 3. If you lower the price of the devices your existing customers bottom line will be effected. Solution 1. Reveal a 2nd generation device before your competitor. Solution 2. If it makes business sense offer full value trade-in on first gen pre-order devices. Solution 3. If you happen to lower your prices. Offer trade-in options will less credit towards 2nd generation pre-order devices. IMHO To have a successful business and or project you should adopt a policy that will never burn your bridges with your customers.... Ever...
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Bitcoin is backed by drama.
A hopefully exponentially growing user base will keep the drama/educated ratio at least constant. Absolute numbers in businesses and under-educated bitcoin users grows but this has to compete with ever more questions bitcoin businesses get asked by the fast growing group of educated users.
If drama disappears we can safely assume that bitcoin stopped growing.
well I would not go that far but Drama can be fun for some. A distraction from the real issues for others.
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I'm in too
Congrats LiteBit 18th
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So I bought back at 11.7 with a nice BTC profit. I am done for today. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I would not be surprised if it went lower but I have my money's worth. You sure you want to do that now? Are you really really sure? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIlgM1.jpg&t=663&c=6-qpHmOk_Yc19g)
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