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I agree on the fact that the stability we had during the last days is very bullish. After a parabolic growth period that looked and felt like a huge bubble exposed to the eyes of the whole world, BTC is trading at almost x10 the price we had in January ($14). I still can't help thinking that what we had prior April 10th looked indeed like a bubble, but the truth is the price is not reflecting that, the price says we just had a correction during a very significant growth trend.
Bubble followed by slow bear market decline is still a possibility, but every day trading on this range is one point more for the "correction" case, and a point less for the "bubble burst" case.
This time, the train will live the station (again) rather sooner than later.
As I've been repeating since the week after the crash, this is no 2011.
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Test of 115 coming, i guess.
About time. I was waiting it since Monday. I expect testing $105ish, if that is broken $80ish, and if that is broken too, $50ish. Really don't know how low we will ago, but I'm pretty sure no lower than $50. And from there, the only way is UP. |
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I can offer 2 BTC now or the first 24hours of the unit's hash when I get it. See how this works?
Let me know. Cheers,
LiteBit
Sorry man I have offers of 5-9BTC Yeah, keep dreaming. |
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Wow, epic. The guy tried to steal from Satoshi itself and he is so retarded that instead of googling "how to import private keys bitcoin" he opens a thread so everybody can see it. How can someone be SO retard? Best thing is that he even sent 0.001 to that address, "to try"?  |
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Main problem everybody is overseeing is scalability.
Again: huge project for small company.
They had problems with their Paypal account? OBVIOUS, that's a lot of payments flowing to an account that probably had very fewer (or none) in the past. And do you know what happens when you open a new bank account for a new company that suddenly receives millions of $ from payments coming from all over the world in just a few days? There are alarms that ring. Swedish tax authority *may* temporary freeze the account and ask for clarifications, or their bank can put some limits and temporary hold the funds/block incoming ones (as Paypal probably did) until everything is clarified, and that takes some time. This is just an example, there are many scalability problems you may encounter when you are a company that suddenly makes a project x20 bigger than the other projects you have done in the past. For example, has ever KnC or ORSoC developed and commercialized a consumer product with that kind of price-tag and manufacturing costs and delivered it to thousands to consumers all over the world in a record time? No, they didn't. And this, as we all know, is a project tightly linked to a crazy schedule - the question is not if they can design a Bitcoin ASIC, is not if they are scammers or not, the real question is how many chances there are that they can meet such a super-tight schedule and not be overwhelmed to what it's coming to them.
Heck. They even allowed people to sell pre-order IDs and offered to manage that... What they were thinking? I hope they stopped to do that, but IMO that's just an example of how they may be underestimating the scale involved in this project, and thus they may incur in delays.
As I said earlier: I invested in them. I do not want to spread FUD, I love the fact that there is a new competitor in the ASIC game, and I will very happy to support them and keep investing if this go well. But I'm just amazed to see how there is a lot of people so eager to justify their own investment (or blinded by greed) that they will just act as irrational fan-boys, losing all contact with reality.
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Hi folks, Sorry for the wait but the meeting was around 2 hours and it takes a shitload of time to process all questions and make it fairly clear what was said. Hopefully this will answer some of your questions and help you form a better perception on whether KNCminer is the real deal or not, ie if they can do this. Since I don't wish to bombard the forum with a crazy amount of text I've put it in a GDoc. Let me know if there are any issues. Link - https://docs.google.com/document/d/15js8JsyHAiGoq_ELzx0hxG4xdA9ePJrhrc8y2bbWbRc/edit?usp=sharingThanks for the effort daggeteo. I've included a TL;DR in the post above, plus some other facts: I find it odd that not much info has come out, and its been around 24hrs now.. is their a moratorium on info till x date  There's just not much info to tell. - Are ORSoC part of KnCMiner? Yes they are.
- Is ORSoC a legit company? Yes it is.
- Is ORSoC's area of expertise desgning FPGAs, ASICs and embedded systems? Yes it is.
- Is there a working FPGA prototype hashing at 6.2GH/s? Yes there is.
- Is there an ASIC prototype? No there isn't.
- What's the plan? To make the ASIC from the FPGA, order the chips with preorder money, and send them directly to assembly.
- Are there any gerbers for the ASIC PCB's, etc. that can be showed to us? No, they say they ASIC PCBs will be just based on the FPGA PCBs.
- Is this feasible? Mmmm, yeah, why not. That was BFL's plan too - right?
- Is this extremely expensive, knowing they are planning to do 28nm? Yes it is. VERY expensive.
- Is this project at least x10 bigger in terms of revenue streams, etc. compared to anything else ORSoC has done before? Yes it is. It's a huge project for a tiny company.
Guys, we knew that before the Open Day. Honestly, there's not much more to be said. You want to know if they are legit? Yes, they are, as legit as BFL was. Will they succeed? Don't know, but they seem to have the appropriate skills. Would they be able to deliver in the promised timeframe? Nobody knows. We just know that everybody else (included Avalon) missed the deadlines. Summing up: this is a gamble, boys, and the odds to win this gamble are the same that you had before the Open Day. FULL STOP. |
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I find it odd that not much info has come out, and its been around 24hrs now.. is their a moratorium on info till x date There's just not much info to tell. - Are ORSoC part of KnCMiner? Yes they are.
- Is ORSoC a legit company? Yes it is.
- Is ORSoC's area of expertise desgning FPGAs, ASICs and embedded systems? Yes it is.
- Is there a working FPGA prototype hashing at 6.2GH/s? Yes there is.
- Is there an ASIC prototype? No there isn't.
- What's the plan? To make the ASIC from the FPGA, order the chips with preorder money, and send them directly to assembly.
- Are there any gerbers for the ASIC PCB's, etc. that can be showed to us? No, they say they ASIC PCBs will be just based on the FPGA PCBs.
- Is this feasible? Mmmm, yeah, why not. That was BFL's plan too - right?
- Is this extremely expensive, knowing they are planning to do 28nm? Yes it is. VERY expensive.
- Is this project at least x10 bigger in terms of revenue streams, etc. compared to anything else ORSoC has done before? Yes it is. It's a huge project for a tiny company.
Guys, we knew that before the Open Day. Honestly, there's not much more to be said. You want to know if they are legit? Yes, they are, as legit as BFL was. Will they succeed? Don't know, but they seem to have the appropriate skills. Would they be able to deliver in the promised timeframe? Nobody knows. We just know that everybody else (included Avalon) missed the deadlines. Summing up: this is a gamble, boys, and the odds to win this gamble are the same that you had before the Open Day. FULL STOP. Lumping a 10+ year old company with expertise in the field, with Avalon an Asian in a basement, and BFL is a very retarded statement to make. These guys have the best chance of succeeding and are far above Shitalon and BFScam. Ok, thanks for your speculation. I only stated FACTS. And yes, I took the gamble too - but let's cut the wishful thinking and only give FACTS to those craving for info - ok? |
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I find it odd that not much info has come out, and its been around 24hrs now.. is their a moratorium on info till x date There's just not much info to tell. - Are ORSoC part of KnCMiner? Yes they are.
- Is ORSoC a legit company? Yes it is.
- Is ORSoC's area of expertise desgning FPGAs, ASICs and embedded systems? Yes it is.
- Is there a working FPGA prototype hashing at 6.2GH/s? Yes there is.
- Is there an ASIC prototype? No there isn't.
- What's the plan? To make the ASIC from the FPGA, order the chips with preorder money, and send them directly to assembly.
- Are there any gerbers for the ASIC PCB's, etc. that can be showed to us? No, they say they ASIC PCBs will be just based on the FPGA PCBs.
- Is this feasible? Mmmm, yeah, why not. That was BFL's plan too - right?
- Is this extremely expensive, knowing they are planning to do 28nm? Yes it is. VERY expensive.
- Is this project at least x10 bigger in terms of revenue streams, etc. compared to anything else ORSoC has done before? Yes it is. It's a huge project for a tiny company.
Guys, we knew that before the Open Day. Honestly, there's not much more to be said. You want to know if they are legit? Yes, they are, as legit as BFL was. Will they succeed? Don't know, but they seem to have the appropriate skills. Would they be able to deliver in the promised timeframe? Nobody knows. We just know that everybody else (included Avalon) missed the deadlines. Summing up: this is a gamble, boys, and the odds to win this gamble are the same that you had before the Open Day. FULL STOP. |
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there is still time for the US people to stop this nonsense and petition to their politicians, create organisations who will remind US government and its departments that they are going wrong way. You cant just sit and watch wtf they are doing. Take Turkey as example.
The terrorist filled us with terror. We are acting scared, giving up hard won freedoms. That shit is older than life. In Europe we know it very well. Just check what Strategy of Tension means - the US Government has used that tactic forever. Just a hint on Wikipedia: The strategy of tension (Italian: strategia della tensione) is a tactic that aims to divide, manipulate, and control public opinion using fear, propaganda, disinformation, psychological warfare, agents provocateurs, and false flag terrorist actions.[1]
The theory began with allegations that the United States government and the Greek military junta of 1967–1974 supported far-right terrorist groups in Italy and Turkey, where communism was growing in popularity, to spread panic among the population who would in turn demand stronger and more dictatorial governments And now they are doing it over and over again, blowing up their own towers and killing their own citizens. |
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15,605,633
Next difficulty (estimate): 16,282,122
O;
Next difficulty will be much higher than 16,282,122 - we can bet on that if you wish.  |
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Just FYI: all the "MtGox withdrawal delays" are FUD. Requested two reasonably big EUR withdrawals on Monday and Tuesday, and received both today (SEPA transfer).
I was ready to wait "up to 3 weeks", but it turned out 3 days. Kudos to Magical Tux.
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I'll start with 0.1BTC for each (3) Jupiter spots = BTC0.3
Un-reasonable offers will not be entertained, KNC has orders in the 6000-1000+ range and probably growing after Today's open day. I already got offers for 5BTC You are crazy. |
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Gox down for me
Same here. It looks like it's been down for everybody for the last 5 minutes. Hope they can pull their shit together. |
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It seems to be working now but no trading on Clark Moody, Bitcoinwisdom or Bitcoinity
Yeah, 7m lag |
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so is it going up or down?!  sidewayz Up, it's been undervalued for weeks now. Bitcoin does whatever the fuck it wants.  TheKoziTwo, you are an artists: funny gifs, songs... Did I tell you I'm your fan? |
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so is it going up or down?! sidewayz |
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