yes I have had similar experience but with 10 I would have to consider solo mining. It might be the only way to get lucky.

I bought 10 block eruptors for around 1k and I was going to be making a bitcoin every 15 days. Now it has gone up to every 30 days! What is all that about? No way I am going to get my ROI. Plus the eruptors are much cheaper now so more people will buy them then difficulty rating will go up. I may have we'll flushed my money down the toilet. My next 1k I spend will actually be on buying bitcoins not this ASIC rubbish its a fools game

I'm working to resolve this as soon as possible. Unfortunately this time the attack was done on a pretty large scale.

EDIT: The attack was successfully mitigated, and all systems are back up. Sorry for the inconvenience.

Well from what i see, your coins are new, you received 8 bitcoins and sent them in a hour without fees so priority is low.
There are only 22 confirmations of that transaction.

Ps: If you read wiki

A transaction will be sent without fees if these conditions are met:

It is smaller than 10 thousand bytes.
All outputs are 0.01 BTC or larger.
Its priority is large enough (see the Technical Info section below)
https://en.bitcoin.it/wiki/Transaction_fees

1 last thing: you should be slapped for storing that much btc in a blockchain account imo

I only read half this post, and I'm sorry to say...wait for it...+1.

I was rather critical of KnC and Bitcoinorama at the beginning, but not so much now. But, please keep a watchful eye on them, acting in the most professional manner as possible, while I go and stick it up BFL's ass.  

Oh, and BTW, did I read somewhere that some outfit has chips tied up in custom.

Here's the thing that makes me laugh.  A while back, AM USB's are 2BTC.  Then 1BTC.  Then .55BTC.  Then .32BTC.  Let's say the cost for AM is around $10.  They've been capitalist-robbing folks with their markup because they were the only shipping vendor, meaning they were able to do this.  This is how business is traditionally run, but people continually fool themselves into their purchases thinking it is a good value.

I want a new car because it is new, but it loses X% value the moment you roll it off the lot.  You order a BE USB today, gets delivered shortly before the next dif increase, by the time you're running on a full diff change the price dropped again.  K1 Nano w/ Avalon chips was exciting... until the price vs. availability question comes into play, and especially with Avalon delays and AM price drops there is no hope of them getting off the ground.  

Sadly, Butterfly Labs is the story of Bitcoin today.  Lofty aspirations, continual delays, poor customer service, wacky cast of characters, and by the time most of their customers have hardware in-hand it'll be a tough bet if they will pay themselves off.  Still, we are an industry of "pre-orders".  Still, we fund companies who mutually assure that the hardware they deliver will never live up to the dream.  

Yes the explanation "It is a huge up-front cost, nobody will fund that themselves in such a risky business" holds a lot of truth, but why?  People are banking off of mining hardware, if someone offered hardware tomorrow that shipped next week the community would dive headfirst into it as long as a few hero/senior members could verify units worked.  This would be the Hashfast sponsor "people will cancel their pre-orders" moment.  As-is, people can cancel pre-orders for pre-orders, hoping that people with a refund policy actually refund, and hoping their newest pre-order delivers when it will still make some cash back.  It's like the abused wife who keeps saying her husband really has good intentions and only takes advantage of her because he loves her.

Venture cash is out there, internet startups doing basically nothing can get enough funding to run the whole ASIC design/development/testing/fabrication process.  But nobody is doing it. That doesn't speak well long-term for Bitcoin as we know it today.  Here's the other problem - the only people who really give a damn about Bitcoin today are traders, miners, optimistic geeks, and manufacturers.  Mining will become a zero sum game sooner than anyone is willing to admit, so the primary reason for adoption (profit) goes away.  This means the network is only running and growing because people can continue to profit from it.  When that goes away...

What I wish would happen ... would be an honest ASIC supplier who prices according to their costs and comes out and says "ok, this is our price no matter the diff, its x% above our cost to make"
Cost per piece w/ initial cost of mask & R&D .. prorated over every piece. I dont know w/e you guys get my point.
An honest fucking ASIC supplier would be nice.

Im willin to bet bitfury initial costs were paid for in the 100th machine. Its insane for them to charge 25k on a 400GH machine for "the rest of us miners" ... that damn thing probably cost like 1000$ .. hell probably not even that.

Bitcoin mining landscape will eventually look just like the banking industry. A select few mining corps control significant hashing power and can decide to do w/e they want with it. I hate the thought of centralized mining...but thats where its headed. Its not the ASICs thats what to blame. Its the suppliers who are at fault because they werent willing to keep the ASICs available to everyone(because of insanely high up front cost requirements as I mentioned in my first post in this topic)

Yet people are still placing orders for the old AM blades that are pretty much guaranteed to not pay for themselves.  What a racket.

What exactly is the purpose of all this nonsense?  To prove to everyone you were right about something?  Does this give you some kind of satisfaction in your life that cannot be obtained through normal methods?  If not, is your righteousness supposed to help others in some way now?  If so, how?  And if not, I ask you again, what is the purpose of this entire thread?

Do you know how much a masters in Eng and a world class MBA costs?


The title sounds like he is crying. QQ.

And where does it say I'm begging, so fucking fail. It is a public address listed to be public, all my BUSINESS activity is paying for college. Not everyone has such a feeble mindset to beg.

Your point remains moot. You're living in a fantasy world. Not only were you not laughed at at the time, but nothing has changed to offer you any sort of vindication. The post that I made in your original thread remains just as relevant as it was at the time. If you don't have the money to invest, the potential ROI remains irrelevant.

If you do have the money to invest, you have to be smart about where you invest it. And, as with any investment, it's a risk, so you need to learn how to evaluate that, and make sure not to put all your eggs into one basket, or to invest in such a way that it would ruin you if things don't work out.

With your juvenile 'understanding' of these concepts, I feel that I should advise you that Bitcoin probably isn't your 'game'.

I'm envisioning you more as the 'fry cook' type.

yeah, you are completely correct mmitech. Ive been stating nearly the same thing in several IRC chats for months now.

ASIC suppliers are the only ones who are doing the real profit in the bitcoin "ASIC ERA"

They know that if price of BTC is up & diff is reasonably low comparably, people will be willing to shovel tons of money into an ASIC so the suppliers just pin a high pricetag on them, making bank on the customer.
They know that if price of BTC is down & diff is still pretty high, the demand for hardware drops significantly and therefore the suppliers will drop price accordingly but still make a decent profit off customer.

The perfect example of this for all to see in clear daylight is bitfury USA's price structure on their preorders. The AUG preorders costing 2.5x more than OCT preorders ... those ASICs still cost them the same to make no matter if AUG or OCT...so they are just ripping the fuckall off the customer and laughing at the arms race the miners are creating for themselves against diff.

This is the downside of having bitcoin-only ASIC suppliers who have no other business. They change price based on demand. So not only do you have the miners in competition w/ each other based on a fixed price for hardware no matter the diff / price (like GPU's) ... now you have the companies who supply the hardware in competition w/ all sectors of the ASIC era.

Thats why I liked GPU's... AMD didnt give a fuck about bitcoin , hence they didnt price there GPU's according to the demand in bitcoin mining. So, every miner had equal chance in GPU era. In ASIC era, it all depends on the customer whos willing to risk the most to come out on top, by giving a shit ton of money to ASIC suppliers which is an unfair advantage to hobby miners.

In the end what this really comes down too is ASIC suppliers pricing future hardware so close to possible profits, that miners wont actually make any profit because they will simply be saving up a stack of BTC w/ current hardware just to afford the next gen ASIC hardware... and this will simply keep happening over and over. Only when one decides to stop mining can they take their BTC & cashout.

I look at what my avy batch 2 makes....basically to afford any hardware at this point in time, I would have to cash out any profit my avy made & thensome for a faster hasher that will suffer the same fate.
In the end it really sucks for us miners when the suppliers will price stuff exactly in this manner.

They know what to charge to make bank off us and keep the illusion alive that we have a chance of making profit =P ... when all we are doing is saving up to buy yet again more hardware from the suppliers...generation after generation.

Uh, everybody didn't "laugh" at you. You didn't say that ASIC companies were just manipulating everybody. You made very specific claims about the blades, and most people agreed with you, but tried to help you understand that this is market forces at work, not companies manipulating people:

https://bitcointalk.org/index.php?topic=222770.msg2343075#msg2343075

Now you want to come back and prop yourself up as some sort of prophet, because you complained about the pricing of one specific product, and now thing that you can retroactively decide that it was a prophecy about all ASIC companies?