Hey I late to the party can someone sum up the last 800+ pages?
Sure: ..... |
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You guys are nuts
Id say the same of you TBH, having 10 monarchs in preorder. Good luck with that. |
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Orama, has KnC started mass production, or are we looking at pics of testing, setting up machines and production lines etc ? Do they plan to work through the night, or do the lights go out there in a few hours?
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I just want that a way is provided to be 100% sure that I get at least my money back.
Yeah Id love to play satoshi dice with such a guarantee too.. Guess what, its not gonna happen unless santaclaus goes in to hosted mining business (or bitcoin gambling). |
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Its labcoins credibility thats being ddos'd
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That's 1440 boards per one day work (24h). x100GH that's 144TH DAILY. What the diff will be in next month?
Nah, thats just the PCB, and I think it was the backplane, not the "main board" with the actual hashing chip. Not that those would take much longer, its clear that automated production lines arent going to be the bottleneck, but I assume (manual) assembly of the unit, testing, packaging etc wont go anywhere near that fast. |
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How long takes to produce one board?
Judging by the video, one PCB takes almost 4 minutes from start to finish, but it passes through several pick and place machines that operate in parallel on a conveyer. Hard to say, but Id guess they could do at least one per minute. |
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any word on what they are actually doing? Is it hashing, or too early to tell?
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The Q's are plentiful, A's are in short supply though.
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Impressive. Are those only fans? ANyone want to venture a guess how many fans per box, how many boxes and how many fans per miner, and calculate how many miners this could be used for?
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On the server picture it appears you have 62 red cases. Eligius indicates 31(+ partial unit{s}?) miners running.
..
Same question was posed and answered just one post up. And judging by the answer, I wouldnt be surprised if the empty cases will soon be filled with bitfury's. |
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Nothing will happen. Unfortunately this is the truth.
Since its clear this is going nowhere and Alberto isnt going to pay, allow me to suggest duped US investors another way. Under the securities act of 1933, you are very likely able to bring civil action against Meni Rosenfeld The SEC may not bring actions on behalf of individual investors, but the Securities Act allows individual investors to bring civil actions under several provisions: http://www.law.cornell.edu/wex/securities_act_of_1933Take note especially of sections 11, 12 and 15: One quote from section 15 (b) Prosecution of persons who aid and abet violations
For purposes of any action brought by the Commission under subparagraph (b) or (d) of section 77t of this title, any person that knowingly or recklessly provides substantial assistance to another person in violation of a provision of this subchapter, or of any rule or regulation issued under this subchapter, shall be deemed to be in violation of such provision to the same extent as the person to whom such assistance is provided. http://www.law.cornell.edu/uscode/text/15/77oNow you may or may not believe Meni knew or should have known this was a scam, but that may not even be material; Meni knew or should have known he was soliciting or aiding in the solicitation of funds for an unregistered security from (among others) US investors. That is a clear violation of the security act by itself, even if bitdaytrade were a legitimate business, or Meni could reasonably have assumed this was the case. IANAL, so obviously anyone wanting to go down this road should talk to his lawyer first. I also dont have an opinion on whether it would be "fair" or "moral" to meni to take this approach, thats entirely up to duped investors and possibly courts to decide. Im merely pointing out an option that I suspect is more likely to yield results than waiting for Alberto, and that if nothing else, may motivate Meni and future "IPO managers" to take their responsibility in vouching for potential scams a bit more seriously. What you do with it, is up to you. |
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i agree we should also be hounding the THeswede,
The swede should be disclosing details to us such as how he contacted them, whats their contact number, whats their adresss if they ever sent him a letter where was it from (check the stamp, even finger prints), anything that can locate these people as if he thinks he will be getting off this scott free for his involvement, he should think again. If their is a court case (which their probably will be), he will most likely be obligated to attend and even trialed for your involvement. The only way hr can really save your ass is by disclosing everything to us to bring these perpetrators and bring them to justice. The swede is the closest link we have and we know his real identity therefore he should be more should disclose absolutely everything which he isn't doing
Exactly. And its not like theswede has no legal liability; if he cant point elsewhere, he will be the only one taking responsibility and end up being liable for all damages. "just a spokesperson" doesnt fly if you are knowingly providing substantial support in promoting this stuff. |
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Yes. IF you buy your miner in BTC. Buy it in Euro/Dollar and you have to compare.
Makes no difference, you can buy BTC with euro/dollar just as easily. If you cant, Ill gladly sell you bitcoins for 80% of marketprice. |
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I decided not to buy High end GPU's because I thought they were overpriced and ROI was at 2 months or more. I bought btc instead and
Thats why I leave btc conversion rate out of it, as should anyone. If you buy a miner for 10BTC now because you are betting 8BTC will be worth more next year, well, what can I say. Send me the 10BTC, and I will instantly give you your "future profit" by sending 8 back. Heck, I will even send 9. Pretty sure that will beat most asics  |
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Mark, at this point, unless that picture of Sam with Chip is fake, we could at least begin to give them "SOME" benefit of doubt?? Yes, time is not perfect, some bitbets will be lost.....but when compared to what has transpired at other ASIC MANUFACTURERS, KNC SHOULD DEF. HOLD THEIR CHINS UP....YES MY RIG IS NOT HERE WITH ME YET....BUT IT IS LOOKING A HELL OF LOT BETTER
No one sane thought this was all fake, but at the same time, we've not seen much more from KnC than we did from BFL when they posted pictures like this:  Remember that one? From there to a working shipping product may be a small step or a giant 6+ month leap, we just dont know yet. |
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Don't confuse demand for unprofitable mining gear with demand for mining gear.
There is some demand for not profitable gear as perhaps, buying too many BTC's might raise the price so much and so they choose to just buy machines. A thought anyway.
It is interesting to debate, but whether we win or lose the debates. We really don't know what is going to happen. Pretty exciting in a sense, even with money on the line...
I've been shocked before and don't doubt it will happen again.
Perhaps, two open minding individuals can agree to say... "We'll see"
Sure, we will see . We will (continue to) see what I and many others predicted a long, long time ago: overall bitcoin asics can only be (very) profitable for the vendors. Individual miners getting a profit from them will be a tiny lucky minority. |
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Maybe you don't get it? You seem fixed on your point. yeah, because Ive been debating (and predicting) this since before the first asic was even announced, I think Ive heard all angles. If the chips are very cheap to produce (and they are) and the development is expensive (and it is), then it doesn't cost the manufacturers much more to put out more chips, which might be what KNC Miner is planning on doing. Sure, they can (and will) lower prices per unit, but not to the point of obvious profitability without dramatically increasing demand. So either they must leave most of that demand unfulfilled or the increased supply will render the profitability moot again. Its quite simple, there is too much demand for unprofitable mining gear. The only thing you can do about that, is not buy any. |
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It is going to take JUST ONE company to release a profitable (clearly) miner to upend the whole market. And that, will be messy but much needed.
It cant happen. If Hashfast/cointerra/whomever slash their prices to the point where its "clearly profitable", all that will result in is more orders than they could possibly deliver. Or if they somehow could deliver, even at those prices it would turn out to be no longer profitable because difficulty would shoot through the roof. Anything can happen. It takes one company that can meet demand or at least put out enough to make things fair. Obviously if you are selling money printing machines you are going to need to set limits. To get the network more secure, it would be nice to allow more people access, instead of just selling to big pocketed people. Anything is possible, just need to have an open mind... You dont get it. Plenty of miners seem to think current prices are "fair", or they wouldnt be buying. You expect a manufacturer to both lower their prices, and limit supply, only so that those miners would be guaranteed a profit (at their expense)? Get real. |
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You watch too much tv. Im sure you also believed Pirate was hiding in Vietnam under a false ID leading the good life with his money stashed in Swiss numbered bank accounts. Alberto, assuming he is behind this, may be a scammer, but he is not a fugitive, can still be reached by phone and mail after his previous cons.
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