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3301  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: April 15, 2014, 09:21:28 AM
Just FYI, 3 creditors totalling at least $15k can bring HF to forced bankruptcy and one of the advantages would be that HASHFAST EMPLOYEES WOULD BE LIABLE FOR WHAT THEY RECEIVED FROM THE COMPANY DURING THE PREVIOUS 12 MONTHS.
Posted from Bitcointa.lk - #AFETWsPh61ugtP3V
Now that would be a first!
No, it is typical when creditors force a bankruptcy.    The receiver goes after all the money he can get and that includes any payments to directors or employees that seem out of the norm (and sometimes within the norm).

Correction: That would be a first in the bitcoin mining world!
3302  Bitcoin / Hardware / Re: HPCT! - another red alert? on: April 15, 2014, 09:20:32 AM
Hello,

This is the official HPCT.EU support. If you have any questions regarding our products, offers or the company please feel free to ask them and we will answer as quickly as possible.

If you would like to talk to us using Skype, please suggest a time and we will arrange a Skype call with you.

Best Regards,
HPCT.EU support team

What chips are you using? When do you expect to have real units in hand?
3303  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: April 14, 2014, 09:19:46 PM
Just FYI, 3 creditors totalling at least $15k can bring HF to forced bankruptcy and one of the advantages would be that HASHFAST EMPLOYEES WOULD BE LIABLE FOR WHAT THEY RECEIVED FROM THE COMPANY DURING THE PREVIOUS 12 MONTHS.
Posted from Bitcointa.lk - #AFETWsPh61ugtP3V

Now that would be a first!
3304  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: April 14, 2014, 07:35:25 PM
I just remembered about this thread: https://bitcointalk.org/index.php?topic=303244.0 and i want to ask. Is CoinTerra providing cooling solutions from CoolIT or it was just a marketing scheme like HashFail with CIARA?
3305  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: April 14, 2014, 06:51:55 PM
If anyone is going to buy an upgrade module, please message me first, Only need to sell 1 more to get my bonus unit, so will reimburse you $50

If you can get me a controller I'll buy 6.

Smiley

getting a controller now will throw your ROI into the abyss... best you grab a cheap mercury from someone who doesn't know they are selling boards again

Think they will work with a Mercury? Because they said the boards are for Nov boxes only...
3306  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech launches a new line of ASIC miners - Best W/GH/s ratio on: April 14, 2014, 08:47:18 AM
For new Spondoolies miners, what firmware does yours come with?
Please let us know about your Hashrate and what mode you're running.

Beware of the latest FW 1.2.32. I upgraded from 1.2.7 and my hashrate is quite lower (below 1.3THs, even in Turbo mode). I hope someone from Spondoolies can explain and provide instruction of rolling back the FW.
 

Hi all
Looks like we will have to test 1.2.32 again.

Because it's late night here we will do quick rollback in FW upgrade server.
If you update now you will get version 1.2.31, that has older cgminer.
It will always notify you of "availible FW upgrade", just ignore it (if you update you will get 1.2.31 again).

Please let us know if 1.2.31 has the same performance problem like 1.2.32.
Also, are there people here that manage to run 1.2.32 without problems except myself?

I upgraded to 1.2.32 and i'm on 220v-230v and everything is ok for me. I'm getting 1460-1480GH/s on Normal mode. Maybe there is a temperature issue?
3307  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: April 13, 2014, 06:13:20 PM
ASICs are the future. Our products are going to hit the market very soon for everbody to buy.

They are the future for over 1 year now. Kthxbye!
3308  Economy / Speculation / Re: Why is the BTC price dropping again? on: April 13, 2014, 05:38:20 PM
It recovered when it became evident that China won't be banning Bitcoin outright and now it's below $400 again. Any theories as to why?

Because the price was too high, the adoption rate wasn't there yet. China was just an excuse for the traders to dump. Basically any bad news were used as excuse to dump, and good news didn't cause any rise (I consider striple/square implementing Bitcoin very good news, yet they didn't cause any rise).

Think about it, if we maintained the $1200 price tag, each day about 4000 BTC is produced by miners, we need $5 million USD new money, every single day, to maintain the price. It wasn't sustainable at the current adoption rate. So we are dropping down to the more realistic $1.5M each day.

You are assuming that all coins that are produced by miners are sold which is wrong.

Majority of them are sold, electricity bill doesn't pay themselves, and miner cost have to be recouped, I know many miners took on loans to buy miners.

Electricity and paying loans only requires a part of what you mine. If it requires everything that you mine then you are on 0 and it's not worth mining.
3309  Economy / Speculation / Re: Why is the BTC price dropping again? on: April 13, 2014, 05:32:55 PM
It recovered when it became evident that China won't be banning Bitcoin outright and now it's below $400 again. Any theories as to why?

Because the price was too high, the adoption rate wasn't there yet. China was just an excuse for the traders to dump. Basically any bad news were used as excuse to dump, and good news didn't cause any rise (I consider striple/square implementing Bitcoin very good news, yet they didn't cause any rise).

Think about it, if we maintained the $1200 price tag, each day about 4000 BTC is produced by miners, we need $5 million USD new money, every single day, to maintain the price. It wasn't sustainable at the current adoption rate. So we are dropping down to the more realistic $1.5M each day.

You are assuming that all coins that are produced by miners are sold which is wrong.
3310  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 13, 2014, 05:30:57 PM
I think that Spoondoolies is missing from that list. Granted they are pretty new - I'm fairly certain their numbers come close to AM.

I'll take a look at it, I basically copied the data from The Genesis Block and from Rockxie's initial tests post. I'll reiterate that all numbers from the chart are purely hypothetical, with the exception of the ROCKMiner blade (based off of initial tests).

So 11.52 GH for 0.855W? Really? Useless chart is useless.
3311  Economy / Securities / Re: ROCKMINER - miners using GEN3 ASICMINER chips on: April 13, 2014, 05:30:40 PM
For those wondering comparisons with the competition:

Note: "Efficiency" is comparing the the ROCKMiner test blade with all other hardware. Data was obtained from The Genesis Block. ROCKMiner blade is only after very few, unoptimized tests. It is subject to change.

So 11.52 GH for 0.855W? Really? Useless chart is useless.
3312  Bitcoin / Hardware / Re: [ANN]ASICMiner Publicly Looking for Potential Customers/Partners for New Chips on: April 13, 2014, 04:37:07 PM
http://blog.rockminer.com/#!/2014/04/13/Testing_Results_Of_BE200.md


Testing Results Of BE200

We've got the results of one good testing board,it seems not  good,but sill can be accepted.We will receive more chips at next weekend if things are going well .

Results:

Board:one chip testing board
Frequency:360Mhz
Volt:0.72V
Hashrate per chip:11.52Ghash
Power consumption:6.375W per chip
Power consumption per Ghash:6.375/11.52=0.5539W/Ghash
After power supply changeover:0.5539/81% = 0.684W/Ghash(at blade)
Power consumption on wall:0.684/0.8 = 0.855W/G
Adding other components loss about 1KW/Thash
Tips:this result is not very accurate just for reference.
3313  Economy / Securities / Re: ROCKMINER - miners using GEN3 ASICMINER chips on: April 13, 2014, 04:36:47 PM
http://blog.rockminer.com/#!/2014/04/13/Testing_Results_Of_BE200.md


Testing Results Of BE200

We've got the results of one good testing board,it seems not  good,but sill can be accepted.We will receive more chips at next weekend if things are going well .

Results:

Board:one chip testing board
Frequency:360Mhz
Volt:0.72V
Hashrate per chip:11.52Ghash
Power consumption:6.375W per chip
Power consumption per Ghash:6.375/11.52=0.5539W/Ghash
After power supply changeover:0.5539/81% = 0.684W/Ghash(at blade)
Power consumption on wall:0.684/0.8 = 0.855W/G
Adding other components loss about 1KW/Thash
Tips:this result is not very accurate just for reference.

What do you mean with "it seems not good"?
3314  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: April 12, 2014, 08:38:12 PM
Do you understand that....
they (The investor group) are using that power to attempt pulling thousands of Gox clients out of a huge loss?
That's just the opposite of greed.  It borders charity considering they don't need the GOX name at all to open an exchange.


...but yes...  I was referring to the way it went down earlier...  the Jupiter board dangle and mind changing while we were clueless...
but I get it now, and am somewhat relieved...(wall streeters)  but not much.    Tongue
I can't help but be excited about the possibility of reclaiming Gox losses; and a significant part of the Boden income will be used for that if the deal goes through.


Could you post a link where the people involved with KnC admit they're mining coins to bail out Gox?  I only ask because a) I don't believe you.  b) If something like that was posted, you likely misinterpreted it, and c) I think you've pulled this out of your ass.

It's a few pages back: https://bitcointalk.org/index.php?topic=170332.msg6163899#msg6163899
3315  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: April 12, 2014, 06:15:43 PM
What part of the ToS did they broke? Sorry for the dumb question, i'm just asking like i'm five because i'm not really sure of the answer.
On listening to a fresh prospective... Why not?
Posted from Bitcointa.lk - #F2rCNHJAkybBrDWI

Haven't actually read the ToS, but what about delivery, refunds etc? They must have broken something in there Smiley
3316  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech launches a new line of ASIC miners - Best W/GH/s ratio on: April 12, 2014, 05:34:38 PM

The SP10 starts shipping on March 25th! Actual orders (and not “pre-orders”) are available right now!


haven't really been following this thread, can someone just answer if they delivered? anyone received their march 25th orders?

I got one too!
3317  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: April 12, 2014, 04:30:03 PM
The tos specifically denies a class action against them. It also denies litigation and forces people into arbitration.
Some customers (see the TRO) are trying to get around the forced arbitration clause, and we don't know yet if it will be successful or what (there was a hearing the 9th that was delayed, if i had to guess HF's lawyers found a way to buy time).
Gallo is doing a "group action", following each customer individually and sharing the costs by having many similar claims.

At this point however i can't believe that we left HF free of doing whatever they wanted until now, and i'm confident that this will change soon. I've like a month of holidays ahead, i should do something myself too.
Posted from Bitcointa.lk - #S5eN0qoz2iVDgApf

Wait so if they didn't respected the TOS why should you respect it? Aren't the laws giving you that right?
3318  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech launches a new line of ASIC miners - Best W/GH/s ratio on: April 12, 2014, 04:03:37 PM
SP10/Dawson received. It's hashing nicely at around 1370 GH/s on "Normal". Front/back temps are 22C and 73C. It's running on 115V. Thanks, Spondoolies.

You have the latest firmware, because it might go faster.
3319  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech launches a new line of ASIC miners - Best W/GH/s ratio on: April 12, 2014, 03:07:08 PM
Will you people please stop endless quoting of images? PLEASE! My scroll wheel and my fingers get tired fast. Thank you!
3320  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: April 11, 2014, 07:02:54 PM
article/quote from bloomberg businessweek

Quote
KnCMiner, based in Stockholm, operates about 7,000 machines. While the mining company’s electric bill in March came to $450,000, the computers mined 21,000 bitcoins, according to co-founder Sam Cole.

source: http://www.businessweek.com/news/2014-04-11/bitcoin-mining-boom-sputters-as-prospectors-see-real-cash-losses

if they are mining 21,000 BTC a month it would make their farm just over 20% of the network.   Huh


They aren't mining 21k BTCs per month. Read again. "the computers mined" For me it's what they mined from the start until now. We don't know when they started.

Even if they had 20% so what? Does it matter for you or for me? Not so much (as long as they don't push to 51%). What matter for us regular miners is the TOTAL hashrate, not what KnC has.

Also: http://organofcorti.blogspot.ro/2014/04/april-6th-2014-weekly-hashrate.html so chill.
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