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301  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: December 14, 2012, 11:38:45 PM
ASICMINER will be about 1/5th of the total network for 2 weeks (6 out of 30 TH)
This means they will  mine 1/5th off the Bitcoins for 14 days = (14 * 24 * 6 * 25) / 5 =  10080 BTC
They will mine for one week with 1/3rd of the total network (12 / 36 TH) = (7 * 24 * 6 *25) / 3 = 8400 BTC

So a total of 18480 BTC will be mined by ASICMINER in the first 3 weeks

A small correction.
For simplicity I assume they will start just after difficulty adjustment.
When they make the 24 TH grow to 30 TH, the difficulty will be adjusted earlier.  It'll be adjusted after 5/6 * 14 days = 11.6 days, to 6/5 higher value.
So there would be ~8400 BTC for the first ~11.6 days plus ~1400 BTC for the next  ~2.4 days (of higher difficulty) before next batch.
Than the third week would give 8400 * 5/6 = ~7000 BTC (because of 6/5 times higher difficulty).

So a total of 16800 BTC would be mined by ASICMINER in the first 3 weeks.
302  Bitcoin / Hardware / Re: bASIC graphic renders and diagram on: December 11, 2012, 08:36:58 AM
If true to render, this would be the first ASIC (of any kind, bitcoin related or otherwise) I've ever seen that had JTAG.
One learns throughout life. Why ASICs couldn't be tested by JTAG connector? Or have internal temperature read out at prototype boards?
303  Economy / Securities / Re: [GLBSE] BFLS.RIG - BFL Hardware mining & Sales on: December 09, 2012, 11:13:00 PM
The original contract stated:
Should mining become unprofitable or other circumstances cause the operator to be unable or unwilling to perform his duties, sale of all hardware and equal distribution of funds will commence according to the number of shares held by each individual. 
Mining is still profitable, operator is able to perform his duties, so it is only a matter of his willingness.
I find it quite unfair to close it all just before period of high income after conversion to ASIC.

It is similar to taking people to a journey and, just before changing from train to a plane, ordering them to get out and stop traveling because they are not happy with rates of currency conversion.
304  Economy / Securities / Re: [GLBSE] BFLS.RIG - BFL Hardware mining & Sales on: December 09, 2012, 06:28:17 PM
Josh,
Yes, the other offering thread has the info, but in a nutshell, the singles will be converted to ASIC and it will require approximately double the number of shares per unit to acquire the hardware (to reflect the 2x cost increase). So you'll effectively be getting a 10x bump in hashing power for free, as long as you are a share holder.

Same thing goes with these FPGA Mini-Rigs... share's available will double and shares required will double if you want to trade it in for an ASIC rig (to reflect the 2x cost as well).

IPO share price is going to be .7 BTC per share, although I am taking some limited orders for pre-IPO at .6 per share at the moment.  Preference for pre-IPO shares will be given to current BFLS share holders if there's more demand than available shares.

People were buying the BFLS shares, counting on the conversion to ASIC. There would be no much sense in buying or keeping the shares if there was no conversion promised. One would better put the money into Jalapeno/Single SC order.
The planned conversion to ASIC kept the shares value quite higher than the one calculated from the device USD price.

A several months had passed and we heard about another conversion: to BFLS.RIG.
The proposed rate (1:1) was not quite fair in light of the planned conversion to ASIC, because going to SC MiniRigs it would finally give us ~10% less GH/s (so less dividend values) than going to SC Singles.
We pointed that out and proposed more fair rate. It was 1:1.1 so every 10 BFLS shares would be changed to 11 BFLS.RIG shares. One single share would be changed to one share - the numbers are integer until Inaba starts using real numbers or split the shares tenfold (quite good solution).
But we also wrote we could live with the not-quite-fair 1:1 ratio.

What do we see today?
For BFLS, I will be paying out accumulated dividends as well as the buyout of the hardware.  Because of the controversy in conversion and to make things easier and to fulfill the original contract as stipulated, I am choosing to go this route.  
I will then offer some RIG shares, quantity and price are as yet undetermined.

What does it mean? Do you want to pay 0.2 BTC or 0.7 BTC per share? Will the possibility to buy BFLS.RIG shares be guaranteed? Will the offer be closed or will other people have the possibility to buy the shares before us?
The price is yet undetermined so it may be worse or even way worse to what we would get with 1:1.1 or 1:1 ratio conversion. Are we supposed to take part in a race to buy the new shares?
Sorry Inaba, but it looks for me like the Nefario way of doing things - to make the things easier, you want to make troubles and lost income for the shareholders, finally causing yourself troubles, more work and lost reputation?

Why can't you simply keep to promised conversion to ASIC?
Do split each BFLS.RIG share to 10 new RIG shares and convert each BFLS share into 11 new RIG shares (it can be just 10 RIG shares until the real change of MiniRig/Singles to SC MiniRig, but it is of no importance because of diminishing dividends).
305  Economy / Securities / Re: [GLBSE] BFLS.RIG - BFL Hardware mining & Sales on: December 09, 2012, 09:29:52 AM
There are 3507 BFLS shares and 3819 BFLS.RIG shares - it's only the part of all shares.
306  Economy / Scam Accusations / Re: Nefario on: December 08, 2012, 07:27:12 PM
Without reliable public claims we cannot determine if there are thousands of BTC unpaid or not.
But look at what Nefario announced today:

Quote from: blog.glbse.com
Next steps
I'm going to be going over emails I've gotten in the last couple of days from people who havn't been able to access their account (lost their password or 2fa), and a few other asset holders issues.
The next update on those lists will be tomorrow (Sunday), following that I'll be doing more payouts(several have been done over the last week).
307  Economy / Scam Accusations / Re: Nefario on: December 06, 2012, 03:45:12 PM
You sound as if 90% of all deposits were returned, but that's not the case. There are people with thousands of coins in there who haven't received a dime back.
Maybe we are wrong and only several thousands BTC was returned so far.
But I never saw anyone declaring he was waiting for a hundred BTC or more. People are ranting here for a few BTC or less, not received by them.
Do you mean thousands of coins to be paid out by Nefario or just thousands of coins in form of GLBSE assets to be released by passing the data to the issuers?
308  Economy / Securities / Re: GLBSE Payment Claims (Announce your payment here) on: December 05, 2012, 08:09:35 PM
Firstly,  as far as I know, your "several thousands BTC" are get from the blockchain record where Nefario seemingly paid money back.  However, the money add up on the forum is much less: https://bitcointalk.org/index.php?topic=118354.msg1270908#msg1270908
Do you expect all GLBSE users would publicly declare themselves here?
Big part of them knows nothing of this thread and many of them want to remain anonymous.
It is obvious the sum of what was published will be much less than what was paid.
309  Economy / Securities / Re: GLBSE Payment Claims (Announce your payment here) on: December 05, 2012, 07:58:55 PM
Keep the "stupid" for yourself.  Several thousands BTC have already been returned to community, so one has to be stupid to call it a rip off.
Still so sure?
Still.
310  Economy / Securities / Re: [GLBSE] BFLS.RIG - BFL Hardware mining & Sales on: November 27, 2012, 08:17:46 PM
a "fair for everyone" solution (keep it separate until the upgrade, upgrade each at the trade-in value).

I agree. That's fair.
Then merging BFLS into BFLS.RIG with neutral exchange ratio - based on ASIC hashrate (to keep the hashrate the same).

Or calculate the above and do it all in one step.
311  Economy / Securities / Re: [GLBSE] BFLS.RIG - BFL Hardware mining & Sales on: November 27, 2012, 01:40:16 PM
Meni, you're definitely wrong. There is a constant trade back price for a Single ($599) and a MiniRig ($15295) - until March 31th.
312  Economy / Securities / Re: [GLBSE] BFLS.RIG - BFL Hardware mining & Sales on: November 26, 2012, 02:12:36 AM
1:1 rate is proper for running Singles with MiniRigs together and having one combined payout.
However, this rate is not good for hardware exchange or upgrading to SC,
because one will get higher final hashrate for Single upgraded to Single SC,
than for 200 BFLS.RIG shares when MiniRig is upgraded to MiniRig SC.

200 BFLS shares is equivalent to old Single = 599/1299 of Single SC = (599/1299)*60 GH/s = 27.66743649 GH/s

200 BFLS.RIG shares is equivalent to 200/6058 of old MiniRig = (200/6058)*(15295/29899) of MiniRig SC = (200/6058)*(15295/29899)*1500 GH/s = 25.33289388 GH/s

27.66... / 25.33... = 1.092... which  is close enough to 1.1 rate proposed by Epoch.
Until ASIC 2. Smiley

Inaba, do you really have to combine them?
313  Economy / Securities / Re: Possible claims process for GLBSE assets. on: November 23, 2012, 09:39:05 PM
Why don't you start your own thread and close it yourself?
Hm, you may be right. I've just thought there was no point in keeping "Possible claims process..." open while Nefario had started to send asset data to issuers.
Yes, I should have asked you, the OP, to close the thread. So, do as you wish.
314  Economy / Scam Accusations / Re: Nefario on: November 23, 2012, 05:45:22 PM
To get your asset infos released to issuers in the email to Nefario please attach a picture of yourself, naked, wearing (...).
Sorry I feel funny today.

EuroTrash, you will quickly earn the respect to Nefario when you see what is needed at Gigamining.
315  Economy / Securities / Re: GLBSE Payment Claims (Announce your payment here) on: November 23, 2012, 04:45:49 PM
@RHA... he already released this address for doublepayments here: https://bitcointalk.org/index.php?topic=118354.msg1282045#msg1282045

Sebastian, I know about it very well, because it was me who wrote about the doublepayments here and in the e-mail to Nefario the day when they happend,
asked for the address to return, and was the first to use the above address to return the excess of the money.

As one can learn from the lecture of the thread, many people refused to use one address for all because of possible difficulties with differentiating who paid and who didn't.
They requested one address per person. Part of them got own addresses from Nefario by e-mail, but many got nothing. They need to contact him.

I placed here the citations from blog.glbse.com to let people know the good news.
316  Economy / Securities / Re: Possible claims process for GLBSE assets. on: November 23, 2012, 02:20:31 PM
Quote from: blog.glbse.com
Nov 22 / 5:28am  Issers who have been given lists so far
by James McCarthy

GIGAMINING
BITBOND
YABMC
FPGAMINING
PUREMINING
YARR
COGNITIVE
BTC-MINING
ZETA-MINING
IBB

These lists are not 100% complete, users who have not claimed their GLBSE account, and users who have not returned the double payment of bitcoin have not been included.

I'm still currently working with users who have lost their login details and issuer lists.


Quote from: blog.glbse.com
Nov 22 / 11:15am  Refunding double payments and getting your assets.
by James McCarthy

I've gotten a LOT of emails in the last 24 hours from users who got a double payment and they have not returned it yet.

I will contact you all tomorrow with an individual payment address, and we can get you onto your issuers shareholders lists.

For anyone who has not already contacted me, please email the address you were overpaid to at james@glbse.com

Please be patient, thank you.

(To moderators: I'm sorry for crossposting this, but it is of great interest for many people. I think this thread should be closed with an indication of "GLBSE Payment Claims (Announce your payment here)" thread.)
317  Economy / Scam Accusations / Re: Nefario on: November 23, 2012, 02:18:30 PM
Quote from: blog.glbse.com
Nov 22 / 5:28am  Issers who have been given lists so far
by James McCarthy

GIGAMINING
BITBOND
YABMC
FPGAMINING
PUREMINING
YARR
COGNITIVE
BTC-MINING
ZETA-MINING
IBB

These lists are not 100% complete, users who have not claimed their GLBSE account, and users who have not returned the double payment of bitcoin have not been included.

I'm still currently working with users who have lost their login details and issuer lists.


Quote from: blog.glbse.com
Nov 22 / 11:15am  Refunding double payments and getting your assets.
by James McCarthy

I've gotten a LOT of emails in the last 24 hours from users who got a double payment and they have not returned it yet.

I will contact you all tomorrow with an individual payment address, and we can get you onto your issuers shareholders lists.

For anyone who has not already contacted me, please email the address you were overpaid to at james@glbse.com

Please be patient, thank you.
318  Economy / Securities / Re: GLBSE Payment Claims (Announce your payment here) on: November 23, 2012, 02:17:08 PM
Quote from: blog.glbse.com
Nov 22 / 5:28am  Issers who have been given lists so far
by James McCarthy

GIGAMINING
BITBOND
YABMC
FPGAMINING
PUREMINING
YARR
COGNITIVE
BTC-MINING
ZETA-MINING
IBB

These lists are not 100% complete, users who have not claimed their GLBSE account, and users who have not returned the double payment of bitcoin have not been included.

I'm still currently working with users who have lost their login details and issuer lists.


Quote from: blog.glbse.com
Nov 22 / 11:15am  Refunding double payments and getting your assets.
by James McCarthy

I've gotten a LOT of emails in the last 24 hours from users who got a double payment and they have not returned it yet.

I will contact you all tomorrow with an individual payment address, and we can get you onto your issuers shareholders lists.

For anyone who has not already contacted me, please email the address you were overpaid to at james@glbse.com

Please be patient, thank you.
319  Economy / Securities / Re: Possible claims process for GLBSE assets. on: November 20, 2012, 08:52:52 PM
For the time being lets assume James McCarthy will never send the asset information.

The sending started yesterday.
http://blog.glbse.com/issuers-being-given-shareholder-lists
320  Economy / Securities / Re: [GLBSE] BFLS - Bitcoin Mining & Sales on: November 20, 2012, 08:45:06 PM
http://blog.glbse.com/issuers-being-given-shareholder-lists

Starting with the biggest issuer first in descending order
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