I am technically familiar with Bitcoin yet I am also very close to becoming a SecondMarket client -- perhaps I am just rare/special. So far I haven't found a way to bring my retirement funds into Bitcoin; SecondMarket gives me that.
Don't you also need a self-directed IRA plan somewhere else? Got any potentials lined up for that? |
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While all miners work from the most recently discovered block (think of it as the "original" block), the selfish mining process begins when a pool of miners discovers a new block and doesn't publish it. The selfish pool then begins working on discovering yet another block, mining from this hidden one. Meanwhile, the rest of the "honest" miners are still wasting resources mining from the original block. Can you mine FROM a "hidden" block? This makes no sense to me. Sure, you can mine a block, not publish it, and continue mining. But unless your pool has 51% of the network, the odds are the rest of the network will invalidate the block you are hiding, and then you've just lost a block and have to start over. It does nothing to harm the network, just yourself. |
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Just reached 50% return, day 19
And with tomorrow's 40% difficulty increase, the next 50% is going to take more than 47 days assuming no more difficulty increases (which isn't realistic). Your break even point is many months from now, if ever. |
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They have Fukashima with which to contend, who can blame them?
Are you saying Gox bitcoins are radioactive??? No, but GoxUSD sure is... Bitcoins - not even Gox can dirty them. |
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They have Fukashima with which to contend, who can blame them?
Are you saying Gox bitcoins are radioactive??? |
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Because all his coins are coinbase they are in 50 BTC chunks across anywhere between 10,000 to 20,000 different addresses and private keys which could be written down and stored anywhere. All with no history and total anonymity. He can cash in from one address at a time, over years, starting with the latest and get a fantastic income without tanking the price.
There are a lot of old blocks that were never spent that follow a pattern that identify Satoshi-mined blocks with a pretty good degree of certainty. If even a single satoshi of those blocks is moved, people will notice. |
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There will be no 20nm miner by any vendor for quite a while. 20nm being available =/= 20nm cheaper than 28nm. 20nm will probably be available in volume next year (at 50% to 150% higher prices). It generally takes 2-3 years before a new process node becomes cheaper than the prior one. Maybe in late 2016 but 2017 seems more likely.
And by 2016/2017 the mining market will be saturated and with razor thin margins, so it would be very hard for any vendor to recover the NRE. Unless they could achieve a rather dramatic improvement in GH/W, it doesnt make sense to even start. I dont think we will ever see 20nm bitcoin asics. Maybe 14nm at some point in the very far future. Feature size is starting to get muddy. 20nm and 14nm miners might not have the speed and power improvements we've come to expect from node improvements. http://spectrum.ieee.org/semiconductors/devices/the-status-of-moores-law-its-complicatedWell designed 28nm chips are going to be the best available for a very long time. |
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Babyjets on sale for $2200-ish with no MPP
Second batch baby jets? Yeah, you're not going to see that delivered any time soon. Say goodbye to ROI. |
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BFL advertised "Tape out August 2013". Didn't happen in Aug. Didn't happen in Sep. Didn't happen in Oct. Now it's Nov. They're already several months late.
BFL Monarch: 600 GH/s for $4680 delievered long after Feb.
KnC Jupiter: 550 GH/s for $4995 delivered in Nov.
Why would anybody waste a single second considering a BFL product? It's a guaranteed loser, no matter how you pay for it.
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I'm measuring 600w to the power supply with a rig running at this rate. PLEASE use two seperate PCIe power cables to power your rig. Check cables for warmth - lets be safe folks! Be careful trying to plug too many rigs into a single power circuit - 15 amps on a 15 amp breaker is NOT ok  Good point. Max of 2x 600w rigs on a 15 amp circuit, 3x 600w rigs on a 20 amp circuit. |
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I'm quite happy with the products I got from KNC, and Quite happy they weren't later than a couple lousy weeks...
In the 2 weeks I've had my machines running, they have made back more than 1/3rd my origonal
$3897.60 x 3(saturns+shipping) = $11,692.80
I've earned 22 BTC x XBT(198) = $4,356.00
which is over 37% of the original purchase price, including shipping.
(not to mention the 63 Namecoin I also earned)
I have no doubt they will reach ROI, and beyond...
Thank-You KNC
Now calculate how much fiat/BTC you would have if you would have simply purchased bitcoins directly instead of pre-ordering a miner that creates bitcoins very slowly. |
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Dwolla won't help you. Contact CampBX and have them undo the withdrawl.
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Josh has bragged about shipping over 20k units. They're no where near 100k units shipped. I recall it was months ago that I read that. 5 days ago. https://bitcointalk.org/index.php?topic=202792.msg3406192#msg3406192No matter how you look at it, the dollar count is staggering, and the gross profit margin would be close to 90%. As much as I would like to see otherwise, bankruptcy simply isnt gonna happen.
Quite true. |
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and anyway this whole thread seems to be about attacking him personally, stuff that has nothing to do with bfl was talked about... seems silly.
Why does that surprise you with all the personal attacks he has leashed on his customers here? |
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Oh, look.  |
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also the real target should be bfl, not some employee.
BFL does not do anything. It is not alive. It is no more intelligent than a rock. The Officers, such as Chief Operating Officer Josh, are the cause of all these problems. |
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- MPP program is based entirely on BTC return if you paid in BTC, and fiat return if you paid in fiat.
Stick it to the fiat buyers. Two buyers paying the same day, one pays in BTC the other in fiat. One gets MPP, the other gets nothing. Ouch! |
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I think you just dont realize how much BFL has sold and is shipping. My estimate is that they shipped over 1PH worth of 65nm asics by now. Thats 20,000 singles or 200,000 jalapeno's. I dont know their product mix, but lets assume its close to 50/50, which would mean ~100K units. They have been shipping them since April, do I remember that correctly? So less than 200 days and therefore ~500 units per day. Thats more than KnC managed.
Josh has bragged about shipping over 20k units. They're no where near 100k units shipped. |
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