Right is that not significantly better than their original claims of 250Gh/s and under 1000w? so what perspective do I need exactly? My point still stands they have been pessimistic so as to under promise and over deliver, and not push marketing BS such as Butterfly Labs and the ilk who are claiming their simulated best case as feasible so as to lock in pre-order cash to fund their NRE and future lifestyles.
You talk like they've actually delivered something. I'd love KNC to deliver. We need the competition. But until they actually ship something real, their "under promise over deliver" spiel is just marketing BS to lock in pre-order cash to fund their lifestyles just like everyone else. |
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I'm going to initiate a withdrawal here soon within the next couple of days. I'm just selling off the last bit of bitcoins in my Gox account first. Once I do, I will follow up to let you know how it goes. The fact is, many people simply use bad, unreliable banks and banks that are under constant legal heat for various reasons. I handle internationals transactions all the time at my bank from various countries. I am willing to bet I'll see the funds within a few weeks.
Unlike the nonsense I've read so far, when I post back with my results, I'll provide detailed information about my transaction including my bank, total withdrawal amount, and any other information that I feel would help others. I won't boast vague accusations no matter what the outcome is.
Good luck. The only way to get money out of Gox to USA is with the special 5% fee transfer. |
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Looks like he is thinking of "price matching" when they release the Monarch line. Which means, if you pay now, you will pay too much.
They'll raise their prices then offer discount coupons for future orders. |
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You can fix that miscalculation... Sell all your inventory right now at 1BTC. You'll have cash-in-hand again to manufacture the next run.
Time value of money is important as well. If you mine with all the hardware it will take months to generate income. You can sell it all now at 1BTC and have capital again to fund the next run.
I think this is the best idea. The cost of the chips is a sunk cost. Maximize your revenue asap. If you mine with them for a few months, you might generate .5 BTC. Sell them immediately for 1 BTC and you'll generate far more revenue. Then buy the new chips at the new lower price and you'll have a profitable product. |
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As of September, how long are withdrawals to US banks taking using ABA? I have some cash in my Gox account I want to withdraw.
They seem to be stuck back at early June withdrawl requests. |
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I already stated elsewhere that when I got there around Noon I saw the Fed Ex truck pull up and when I walked back and looked he was loading packages(wasn't going to crawl into the truck and count). I also already stated that Josh told us that USPS, UPS, DHL and Fed Ex normally pick up in the morning and when we got to the shipping area there wasn't the 4 day stack of packages PL thought they'd roll out for the 'dog and pony show'. They did have 3 burn-in areas and a 4th was under construction. It was very neat to see the over-sized semi-trailer they use for one of the burn-in areas... Josh mentioned it used to be a military command and control bunker complete with generator and HVAC. I didn't get a chance to count, but they had quite a bit burning in that I could see.
Ok, well surely you saw a team working on the Monarch. What did that look like? With the tape-out in Aug '13 they must have some cool stuff going on. |
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I didn't ask to see one... Maybe PG did, you'll have to take it up with him.
Ok, did you see their 400+ units shipped per day? |
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I notice you left out We are doing all the devices at once, since they all share the same board.
Probably because all that could be tested without chips WAS the board. That's fine, with or without chips. Where is the test report? |
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Did you get to see the infamous FCC test report of the Jalapeno from last November?
Since there was no physical Jalapeno in November that could be tested... nope, didn't see a November report on it. Sure there was. Josh said they sent it to the test lab and was just waiting on the report. When is the Jalapeno getting FCC approval?
Maybe two weeks? We are waiting for the test lab to issue the test report. |
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I think you're jealous PG and I drank the Kool Aid and lived to tell about it.
Did you get to see the infamous FCC test report of the Jalapeno from last November? |
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I'm not sure if this is funny or sad... much as I hate to dispel the notions of trolls (ok, you caught me, I love dispelling their notions)... the paltry few clamoring for refunds appear to be in the vast vast vast minority. I think it's even funnier that the majority of people wanting refunds are the ones that bought a single Jalapeno. The big dogs that bought the mini's are content to wait... Makes you wonder what the big digs know tht the Jala refunders don't.
http://en.wikipedia.org/wiki/Stockholm_syndromeIt's sad. They're throwing away so much money. I feel so sorry for them. BFL: 500 GH/s for $22,484.00 delivered in over 2 months, drawing 2500 watts Bitfury: 400 GH/s for $8,000 delivered in under 2 months, drawing 300 watts |
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Just because it rises fast does not make it exponential!
If you look at the difficulty adjustments for the past 3 months you'll find the network has grown at an average pace of 25% per adjustment. So we can say that the difficulty is roughly following an exponential curve. |
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I would like to know that too, but i have a feeling that for now he will take a break and enjoy his ASIC chip. Remember that he put a lot of effort (~6 months) into developing this and he might take a well deserved vacation. I think it will take at least 1 year before he will start doing a 28nm chip.
I think the 55nm chip has a lot of life left in it. Network difficulty can go up 100x and power costs will still be acceptable. They just need to ramp up production to get costs down. |
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I have no information or insight into this. In fact, I doubt that Dave could answer this either. Speaking from my experience with other ASIC suppliers though, it is exceedingly difficult to give estimates accurate to even a week with Asic timelines involved- Many different suppliers, individuals and sources must come together all at once for the date to be hit. We put the same pressure to deliver fast and reliably on our suppliers that we feel from our customers, and they often give us overly-optimistic date estimates. We add time estimates to compensate for this, but it doesn't mean we will be more accurate than what we were given. If anything the Bitfury team tends to come closer to their estimates than other suppliers, if that is any consolation.
If we give you an estimate and something outside our control causes us to miss that estimate, it reflects very poorly on us regardless of whether it was preventable. I can assure you that A. we will be doing everything we can to anticipate blockers and delays to prevent or work around them, and B. we will communicate timelines with you as soon as we are confident that we can hit them. We won't be "shipping in two weeks" forever like other companies. Thanks for understanding.
Dave and team did hella-good on most of his first batch, but then again so did Avalon (who later crashed and burned hard). Best of luck finishing batch-1. Do an even better job on batch-2! |
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let alone release something else that will not ever reach ROI
Explain to me how it will never earn back it's purchase cost? It is not only the most cost effective miner (GHs/USD), but also the most power efficient (GHs/Watt). If you think the Monarch is doomed, then just about every other ASIC out there will also be not-profitable. The entire network can't be run at a loss, so what's your solution? The problem is the ship date. Too little. Too late. Too expensive. By the time Monarch ships, difficulty will be too high for it to ROI. Compare it to something actually shipping. BFL: 600 GH/s for $4680 in Feb. Bitfury: 400 GH/s for $8000 in Oct. You're crazy (pun intended) if you think the difficulty is going to grow less than 50% in 4 months! |
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http://products.butterflylabs.com/homepage/50-gh-s-bitcoin-miner.htmlPre-order Terms: Bitforce SC (ASIC) products are shipped according to placement in the order queue, and delivery may take 2 months or more after order. All sales are final. There is zero chance of any order placed today shipping in 2 months. In fact, I am so sure of that, that I'm prepared to make a double-or-nothing bet with BFL right now. As soon as Inaba accepts this bet, I will place an order for 10x 50 GH/s Singles. Wow, I'm sure glad Inaba didn't accept my bet. It's now over 4 months later, and they're still shipping Singles from orders placed over a year ago! |
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Do you have any idea when October orders will ship? There is a huge difference in potential earnings between an early October deliver and a late October delivery. Given how fast the difficulty is increasing, and the fact that there will likely be three difficulty increases in October, having such a large delivery window makes it impossible for a potential buyer to make an informed decision.
All you can do is plan for end of Oct. Anything earlier is just a bonus. Don't count on it. |
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On the other hand, you sold items and said they would be delivered in August, and it is now a third of the way through September, and some people haven't got them. It is reasonable of them to feel that you haven't delivered on your promises. Especially as you have diverted hardware that could have gone to them to another part of your business.
You got it backwards. He diverted hardware from his other business to mine for delayed orders. |
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