WTF...the price is less than half the December batch? You guys had better ship all those December orders on December 1st or there are going to be some seriously pissed off people.
+1! I have ordered 5x2TH/s for $70.000 And now I get get 10x2TH/s for the same, but I must need to wait one month more? Thats really not fair! I will try to upgrade my order to 10x2TH/s How can you spend $70K on something you dont even seem to grasp the basics off? Here is a hint: https://bitcointalk.org/index.php?topic=283820.0Now put in 8PH/s (10+ PH if you actually believe CT will ship in december) in your calculator and see what happens. Hint: not much good, and it will only get worse. If you think current ~80%+ network growth per month is terrifying, you havent seen anything yet. |
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reread my edit. THey changed names before the acquisition. Founded in 2004 as CebaTech, Altior Inc. designs, develops and markets hardware Nothing weird about that old domain name being unused now, is it? BTW, Id change my company name too if it was called CeBaTech. If you still have any lingering doubts, this should put it to rest: https://bitcointalk.org/index.php?topic=292998.msg3145630#msg3145630 |
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So I just ordered a BCC via bitmit, but its useless because the site doesnt have the bcc function anymore?
I opened a ticket for that too, and they blamed a website mistake thats supposedly fixed. Dont know if it is, but you can do what I did; look up the SEPA address that corresponds to that card. Use that as withdraw address, see the documentation of the card. Mine starts with PL20. Works fine that way, and the visa card is credited instantly when the withdrawl is processed (once per day), so they use the same bank I guess. |
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A remarkable point is at least, for all combos of his name and a company from his linkedin-profile, the first hit is always his linkedin-profile - doesn't increase confidence. Right. I guess your point is that Google is in on the con too? So Businessweek doesnt have more data than that.. which is probably automatically aggregated from somewhere else anyway. Your point? How many Jim O'Connor's do you think there are? One ? Two? There are 891 on Linkedin! Wooo.. you got him there! Red handed. Clearly he has had nothing better to do lately than maintain his old solidoak website for stuff like that. Best I can tell solid oak is dormant now. ooh very fishy. altior.com domain redirects here: http://www.exar.com/data-compression/Wonder how that would come? Exar Corporation will acquire the assets of Altior Inc., a privately-held company in Eatontown, NJ with a development center in Bengaluru, India.
The transaction, expected to close on March 22, 2013, includes $5.0 million in initial consideration to be paid in a combination of cash and stock and a three-year earn-out against net revenue contributed by Altior. The impact to the company's guidance for the fourth quarter of fiscal year 2013 is expected to be immaterial.
Founded in 2004 as CebaTech, Altior Inc. designs, develops and markets hardware and software compression solutions for use in big data applications. The company provides FPGA based PCIe cards and compression software that is ... http://www.storagenewsletter.com/news/mergeracquisition/exar-acquires-altiorFishy, they changed their names after 10 years, and now someone bought the company! Unless that $5M acquisition was all part of preparing for this con. Give it a rest already. |
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Or that's the one they dont care about if you know it, since apparently its used pretty much nowhere. I also dont see how that would fit in to this quote from the guardian article:
An internal agency memo noted that among British analysts shown a presentation on the NSA's progress: "Those not already briefed were gobsmacked!"
The breakthrough, which was not described in detail in the documents, meant the intelligence agencies were able to monitor "large amounts" of data flowing through the world's fibre-optic cables and break its encryption, despite assurances from internet company executives that this data was beyond the reach of government.
http://www.theguardian.com/world/2013/sep/05/nsa-gchq-encryption-codes-securityI dont think anyone would be gobsmacked if they found out an obscure, slow, suspect, almost never used psuedo random generator was hacked. I dont know what to trust anymore right now, but on the top of things I no longer trust, is Tor; http://news.softpedia.com/news/The-US-Government-Funds-60-Percent-of-the-Tor-Project-381195.shtmlIs that what they cracked in 2010? Who knows.But I doubt they would fund 60% of a project which sole goal is precisely to make it virtually impossible for NSA and others to snoop on its users, unless there was a tangible benefit to it. |
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Has anyone met with him and talked with him about his project related with Bitcoin mining hardware?
Anandtech did. But seriously, check the VPs linkedin page. He is also founder of a company called solid oak technologies, and referenced by that companies linkedin page: http://www.linkedin.com/company/solid-oak-technologies-llcAnd their website links to that same linkedin page. Solid Oak is not a huge multinational, but it does exist has been around for a few years, even made it to eda digests's "top 20 companies to watch" last year: http://digital.edadigest.com/2012/2012/0/0#&pageSet=11You really think thats all fakable? That they planned this 3+ years ago, made a fake startup, somehow fooled EDA Digest, only to be able to pull off a bitcoin con now ? |
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Orly? Linkedin? That is awful hard to fake  It is, if you want to have many 100s of connections and dozens of recommendations/endorserments of people who themselves have many 100's of connections and recommendations. Do the math. |
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Cointerra, please address my concerns so I can put you on my list of companies to consider investing in. If my concerns are not alleviated, I will not consider investing. - Ravi Iyengar. Who are you, can you prove you are who you say you are? Please simply tell us the location you worked at and provide some more details. --> I cannot find any information on you besides those of news articles referencing your site. I am not the only one, see here:
You must not be good at searching Ravi Iyengar
Founder and CEO at Cointerra, Inc
Austin, TexasSemiconductors
Current
Cointerra, Inc.
Previous
SARC (Samsung Austin Research Center), Qualcomm, NVIDIA
Education
Wright State University
440
connections
Send InMailMore options
www.linkedin.com/in/ravidiyengar
Background
Summary
Currently the Founder and CEO of Cointerra, Inc.
15 years of industry experience in Micro-Architecture, Architecture, RTL Design, Verification, in CPU, GPU, Desktop & Server Chipsets, and ASIC Cores. Has several years of technical leadership experience. Has submitted several patents and presented papers in international forums.
Experience
Founder and CEO
Cointerra, Inc.
May 2013 – Present (5 months)Austin, Texas Area
http://cointerra.com/
CPU Lead Architect
SARC (Samsung Austin Research Center)
January 2011 – April 2013 (2 years 4 months)Austin
Leading the Architecture, Micro-Architecture & RTL Design of the CPU Mid-Core (Decode, Rename, Dispatch, Retirement, Exception Handling, AGU, Integer & Branch Execution, Virtualization, and Special Purpose Registers). Wrote a 250 page micro-architecture specification and submitted half a dozen patents.
(Open)4 recommendations, including:
Sandeep Dubey
Sandeep Dubey
CPU Design at Samsung Austin R&D Center
View
Eric Chambers
Eric Chambers
Staff Engineer at Samsung Semiconductor
View
2 more recommendations
QualcommSenior Staff, Manager
Qualcomm
2009 – 2010 (1 year)Greater San Diego Area
Design Lead and Manager for the Vector Processing Engine of the Modem Core.
(Open)1 recommendation
Ron Shalev
Ron Shalev
SMTS at wave semi
View
NVIDIASenior Hardware Engineer
NVIDIA
2006 – 2009 (3 years)Santa Clara, CA
Owned the AGU & Loadstore Subsystem on the Streaming Microprocessor Module of the Fermi GPGPU.
Staff Engineer
Stexar
2005 – 2006 (1 year)Portland, Oregon Area
Owned the AGU, Loadstore, L1 Cache subsystem of an x86 CPU core for a DTV SOC.
Intel CorporationStaff Engineer
Intel Corporation
2000 – 2005 (5 years)Dupont, WA
Had numerous roles and responsibilities in the Southbridge and Northbridge Chipset teams for Server and Desktop platforms. Worked on PCI-E, PCI-X, Hublink and AGP.
Logic Designer
ATI
1998 – 2000 (2 years)Newton, PA
Built the Register Backbone Manager for the RAGE5 GPU. ANd here is their VP of engineering: www.linkedin.com/in/jgoconnor/Good luck faking those credentials. |
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Actually we're heading towards a exahash.
Reasoning: those upcoming 28nm chips produce ~500GH and my guess is ~$30 is roughly the price at which they can still be sold profitably (that includes basic PCB, housing, minimal markup; variable cost of the chip alone is probably closer to $10 in large volume). So as long as there is demand at or above that price point, it makes sense for asic vendors to sell (or produce and mine themselves). If you do the math at what point most miners would no longer be interested in buying 500GH (250W) for ~$30, depending on electricity cost and BTC exchange rate, I get at a difficulty on the order of ~100 - 200,000,000,000. Which means a network speed of roughly a exahash. Thats where we are headed IMO, though Im not taking any bets how long it will take. Could be as little as 2 years from now to get close to that.
Excellent reasoning. I think you are on target. It would be very interesting to get a leak on how much chips actually cost at manufacturing (28nm for example) to get a base seed value for your estimate. Im basing my guestimate on the embedded SoC market. A typical highend phone SoC sells for about $15 in large volumes. That is when you buy them from nVidia (qualcomm, samsung etc)., so these companies already have a margin on that, fabbing cost will be lower. OTOH 28nm mining chips may be a fair bit larger than mobile phone SoCs, I dont have any size data (does anyone?), but they should also be a lot more simple to produce and validate, contain less layers, far less IO pins, etc. My guesstimate may well be off by a factor 2 or 3, but not likely more than that, and so should still give you a ballpark idea. |
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Actually we're heading towards a exahash.
Reasoning: those upcoming 28nm chips produce ~500GH and my guess is ~$30 is roughly the price at which they can still be sold profitably (that includes basic PCB, housing, minimal markup; variable cost of the chip alone is probably closer to $10 in large volume). So as long as there is demand at or above that price point, it makes sense for asic vendors to sell (or produce and mine themselves). If you do the math at what point most miners would no longer be interested in buying 500GH (250W) for ~$30, depending on electricity cost and BTC exchange rate, I get at a difficulty on the order of ~100 - 200,000,000,000. Which means a network speed of roughly a exahash. Thats where we are headed IMO, though Im not taking any bets how long it will take. Could be as little as 2 years from now to get close to that.
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It's an exponential right now, but in a few months this curve will look much more like an 'S' curve.
The question is when will it start to tail off?
My guess is December, what does everyone else think?
Most certainly not december, December and January are the months you will probably see the biggest difficulty explosion ever, assuming at least some of the promised 28nm products make it to the market roughly on time. When is it going to taper off? When marginal production cost meets mining profitability. Until then, ASIC manufacturers will just drop prices to maintain sales (causing difficulty to increase further, and requiring further price drops). Cointerra is now on preorder for ~$2800 per chip. Im guessing variable production cost of the chip alone is closer to $10 per chip. Do the math were difficulty would need to be for 500GH at ~$10 (+PCB+ case+margin, say $25-$30 ) to be only marginally profitable. That gives you an idea. Then double it when 20nm becomes affordable. The short answer is: not anytime soon. edit; pallpark figure, when difficulty reaches ~100,000,000,000 is where 500GH for $30 is only marginally profitable, depending on electricity cost, BTC rate etc, Take that figure with a grain of salt, but it gives you an idea. It may also taper off sooner, but OTOH I also expect we will overshoot this value due to inertia, free electricity and miner myopia. Also, this is a race, until we get close to this point, the only brake on network growth will be the ability of the various vendors to produce and ship. Unless they are all as inept as BFL and avalon in getting their goods out of the door, that may go incredibly fast. If you thought 2013 was crazy, you havent seen anything yet. |
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these seem to be missing: http://virtualminingcorp.com/No idea of volume, but they sell seriously large machines (up to 25TH) and they claim "Shipping Starts October/November 2013"If they can get even close to that, its probably reasonable to assume they will have ordered a significant number of wafers (they would be crazy not to) and they may even challenge Cointerra for volume. Note fast-hash=!hashfast Also missing afaict: https://www.xcrowd.co.uk/again, no idea of volume, Im guessing no where near the other big players, as it seems too little too late, but shipping supposedly starts this year "Bulk shipping start date - 20-12-2013 200 or 20% of total orders to be shipped per week"One last remark; the exact timing of the global hashrate increase is of little importance for those not mining yet or not mining very soon. If all those 28nm asics end up being a few months later than projected, it means customers (on average) will receive them that much later, but also that the associated difficulty increase will be delayed. In the end its a wash on average. Obviously what does matter greatly is difference in shipping dates and execution between companies, but its pretty much impossible to guess who will meet their goals and who wont (and by how much they miss it). May as well assume promised delivery date, or apply the same delay to everyone. |
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2x 5850 and 700W OCZ PSU sold to Uuno.
Payment received; tracking number supplied.
Ill probably hang on to the rest of the cards.
And the package arrived today. Thank you. Im sorry it took so long. Two weeks is completely unacceptable, I could ride there on my bicycle in less time. Will never use TNT again. ANyway, enjoy the cards. |
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Thinking about it, the most annoying thing about this is that it prevented me from buying at yesterdays low. Today the price is almost double... bah, that would have been a nice profit margin! Boo. Anyway, hopefully it will be back up tomorrow  I wish I shared your optimism. A zero fee exchange with huge bug in trading engine, site closed, change of banks, talk of lawyers,.. Getting just half my coins/euros back at some point, is more then Im willing to bet on right now. |
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SO far every other similar report Ive seen turned out be caused by an incorrect reference. Either by the user or the bank. Its not cool they are not responding, but I dont think its malicious, but rather being swamped.
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So the trading engine froze at the same time as authorities froze his bank account? hmmm...
Yeah, sounds fishy to me too. No mention of the bug either though I clearly witnessed it and I had a few 1000 euro extra balance that I shouldnt have had. Which means someone else or btc-24 is missing that. Last time I checked they werent a central bank. |
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NOt only is it down, they had a huge problem with their trading engine. I was playing with a handful of BTC and somehow making crazy profits. Turned out several orders were executed multiple times and before I knew it I had thousands of euro in trading profit. I dont know if others managed to withdraw their coins (or money) but if they did, I fear bitcoin-24 may be bankrupt.
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This needs to be dealt with by going to the police - not by share-holder motions on a company that has no legal existence.
Of the two Avalons, one was paid for by a loan to the company - which still hasn't been discharged in full. So from ANY perspective the shareholders do not have clear title to that even if it were accepted that the "company" was a legal person.
There's 0% chance Yifu will intervene. He'd expose himself and his company to risk for no benefit and set a precedent whereby he'd end up inundated with people claiming Avalon X was paid for with their money so should be sent to them. He refused to intervene in one such dispute over a loan before.
But if you DO go ahead with this, you could also consider sending a letter to BFL (no translation neeed) and see if they'll do anything about the preordered hardware for usagi's company BMF which has still not accounted for for all the hardware it claimed to have before GLBSE closed. That company also deleted all posts, won't respond (thread is locked), won't provide updated information, refuses to pay out funds to shareholders and has made promises (repaying all NYAN.A investors in full) that the rise in BTC price has made unlikely ever to be fulfilled.
Rather than attemtion-whoring here with dodgy proposals (you're asking Yifu to break a contract made with Ian Bakewell - without a court order he CAN'T legally confiscate the Avalons), usagi would be better served spending the time finally sorting out the finances of his own companies which have languished without attention since January. Yes - we GET that you want to list them so you can buy the shares back for cheap by forcing investors into submission by never doing anything, failing to update accounts and withholding their money. Whining about Bakewell not paying his investors/honouring his promises is the ultimate in hypocrisy as you're doing precisely the same to your own ones. Or is there somewhere a schedule of how/when you'll meet your promise to refund NYAN.A investors in full?
The voice of reason. +10. |
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looks good
No it doesnt. Constantly getting "software update in progress" After 20x attempts I finally managed to log in, then when I try to withdraw it its back to "software update in progress". Ive been (extremely) patient, and I love their visa card, but Im done with bitcurex. They show zero competence making their website work. Their homepage shows a giant "575x300px" placeholder for a week now. Their site is inaccessible most of the time. Polish text pops up everywhere. Am I really to trust my coins and euro's to that kind of competence and devotion? On top of that you get zero communication. Sorry, but bye bye bitcurex. |
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I have an offer for 15BTC for both 1 series coins and the 5 BTC coin that Im considering.
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