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3441  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: May 24, 2013, 10:00:05 AM
Do we have the ORSoC VAT number for a quick credit check with financial institutions/insurance companies?

Please let me know and I will run that check for the community.

Call/email them here;

Telephone: +46 8-24 84 04. Email: info[at]orsoc.se. Address: Regeringsgatan 111, SE-111 39 Stockholm, SWEDEN

Or it costs £0.47 for the VAT validation here;

http://www.globalbusinessregister.co.uk/CompanyDetails.aspx?country=SE&companyCode=55642217027446&companyName=ORSoC+AB

Yeah, I thought that after +70 pages of thread somebody already had their VAT number. If nobody asked for it yet, I will email them.

I believe KNC's is mentioned within this thread, can't remember ORSoC's being mentioned...

KNC's is on their website but is pretty useless, as it is a newco.
3442  Other / Off-topic / Re: A Smoothielicious Poll on: May 24, 2013, 09:58:48 AM
I'm going to leave this here because I know Smoothie will love it SO MUCH

3443  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: May 24, 2013, 09:54:01 AM
Do we have the ORSoC VAT number for a quick credit check with financial institutions/insurance companies?

Please let me know and I will run that check for the community.

Call/email them here;

Telephone: +46 8-24 84 04. Email: info[at]orsoc.se. Address: Regeringsgatan 111, SE-111 39 Stockholm, SWEDEN

Or it costs £0.47 for the VAT validation here;

http://www.globalbusinessregister.co.uk/CompanyDetails.aspx?country=SE&companyCode=55642217027446&companyName=ORSoC+AB

Yeah, I thought that after +70 pages of thread somebody already had their VAT number. If nobody asked for it yet, I will email them.
3444  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 24, 2013, 09:48:36 AM
Yeah, it must feel bad to be a bear right now... Pockets full of fiat, feeling sad and lonely because everybody left him behind*... Cheesy

*kudos to fitty Wink
3445  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: May 24, 2013, 09:47:11 AM
Do we have the ORSoC VAT number for a quick credit check with financial institutions/insurance companies?

Please let me know and I will run that check for the community.
3446  Bitcoin / Hardware / Re: Eyes to the horizon: A bitcoin ASIC project will be announced in June on: May 24, 2013, 09:45:22 AM
OP: I also think model A is more interesting, but only because the pricing of model B seems too high.

Anyhow, as you do not seem to need funding to develop your project, in your shoes I would just mine and keep the profit, while also selling any hardware in excess, which would also help to decentralize Bitcoin a lot. Sometimes is easier to manufacture units en masse once you got everything right that to find a place with enough power/connectivity to deploy a huge operation.

My understanding is that ASICminer had to launch an IPO to raise the funds needed to develop their project from scratch, and this is why it has been such a good investment for their shareholders. As you do not seem to need money for that, the only purpose of going public would be to raise more funds than your mining operation would generate by itself, which obviously would be a bad investment for your shareholders, unless they really count on the Greater Fool Theory

Please correct me if I'm wrong, as you may also use the IPO funding to produce and deploy more TH.



hi , there re some misunderstands,

1. we of course need money ,needless to say some other research like hardware wallet we are preparing , the difference between DIY and mode B is :volume and speed.  with the potential investment from community we  can create 200T+ safely,without which 100T will be our best and risky.

2. Purpose of mode A  is even simpler: decentralize .  "Raise more funds than your mining operation" is a kind of cheat.

Thanks for your reply. Just for clarity, with model A you would raise the funds needed to produce the chips and assemble the units, correct? Thus, the IPO will be launched before the deployment, as per ASICminer - is this correct?

I also think that the ASICminer business model has been very clever and successful, both for them and their shareholders. If I'm correct, they launched only 200,000 shares in the IPO, each share priced very conveniently (cheap) compared to the estimated deployment, and entitled to 1/400,000 of the profits generated (which means that they are sharing 50% of their profits with public shareholds, and keeping for them and private investors the other 50%).

This allowed them to a) make the project happen, b) distribute a high return to shareholds and b) generate a very good profit for them.



3447  Economy / Computer hardware / Re: [WTS] Avalon ASIC Batch #2 Income Sharing, auction partially ends; block 235,532 on: May 24, 2013, 09:32:24 AM
I would say that it is time consuming but worthwhile to read through the entire thread. I did so several weeks ago and am glad I did. Not only does this give a learned understanding of a fairly new (to the best of my knowledge) and inventive concept of using the block chain to perform auctions, it also offers the chance to buy shares of an Avalon ASIC that is confirmed batch 2 and shipping soon at a considerably lower price (right now anyway) than some other auctions taking place for batch 2 and 3 Avalon ASICs. Bids can be in increments as low as 1 satoshi, compared to higher increment auctions that only accept 0.1 or even 0.25 BTC increments, which are too high IMHO.

For more tl;dr minded folks out there, this tool provided by TheJuice is highly useful - http://blockchainauctions.com

Submit 17DCms43Vu2yusDjmpjHJuZihSSWkNzgSH as the auction address.

I do hope the price rises to par with the other auctions  Grin



Prof, your method is so complicated that most interested buyers just do not take the time to learn and understand it. Just think about newbies, who are normally the most willing to pay huge amounts to get hold of some hashrate, for them the blockchain auction concept + your complicated rules + a non defined ending date is too much to handle (I know you have now decided to end at a certain block, but still it was not clear from the beginning).

The truth is that your methodology rewards the ones that take their time to understand it, as they will have cheaper prices than they will find in other auctions. On the other side, is not so good for you, because making things so complicate just reduces what you are going to get for your Avalon shares.

When selling/auctioning, there is a rule of thumb that never fails: the simpler, the better Wink - I'm sure that was one of the success basis of CoinHoarder's huge Avalon group buy.
3448  Other / Beginners & Help / Re: Just had 39.70 bitcoins stolen from blockchain account! on: May 24, 2013, 09:27:02 AM
Huh?  

Password is on entered on computer.
google auth code is obtained from smartphone.

2FA - as in two factors.  

How exactly does attacker knowing your password, compromise the independent google auth code? (Hint: it doesn't)

Well, you have to type the auth code given from phone into the potentially infected computer, don't you?

Assuming the malware is evolved enough, it could put itself between you and the site you're authenticating to. It would be like a hidden proxy to your session. Only that it could request withdraws that you did not request.

If another 2F code is required for a withdraw, the malware can still wait for you to do a legitimate transfer and proxy that, replacing the address and the amount that's actually sent to the server (while displaying the good tx data to your browser).

I'm not saying it's easy, but it's possible.

2F would be stronger if the smartphone would actually receive the tx data from the server, display it, and request a confirmation from the user. Sort of like Trezor is supposed to behave. The server would not release the money before receiving a signature from a key it knows is held only in the smartphone. The only vulnerabilities I can think of are (1) infecting both devices at once or (2) end-to-end address replacement. (1) is common to all 2F methods and is considered "unlikely", and (2) would be quite hard to implement (the malware would have to change even the initial source for the address, otherwise the user would see that the address displayed on the smartphone do not match), and, assuming the user checks the amount he confirms, it would not allow the thief to get anything more than what the user is sending (if he never sends large amounts at once, he's partially protected)

Well, obviously 2FA is not "the final solution". An attacker sophisticated enough could very well change the code on the page, so you think you are withdrawing to your address but you are in fact withdrawing the coins to the attacker's address.

It seems to me that was what the Strongcoin.com operator did to "intercept" the coins of one of his users to return them to Ozcoin: https://bitcointalk.org/index.php?topic=184610.0

EDIT: the final solution is a paper wallet. And a very good solution is cold storage with Armory (https://bitcoinarmory.com/)
3449  Other / Off-topic / Re: The Story Game on: May 24, 2013, 09:16:34 AM
Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.

Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!

Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.

Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.

Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.

Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection, Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched electrically his "contacts", pondering why her earlobes looked so tasty dipped in mustard sauce from Meze's toilet. Meanwhile, under scrutiny from DHS, MTGox got DDOS'ed by CIA bots, Chinese pygmies licked thousands, drooling custard from cracks forgone.

Alas, we combusted gloriously into eternity with malevolent douchenozzles. Faunlets screamed condescendingly into their rapists' buttholes. Nymphet's carefully propositioned orgies began fondling Eminem's mobile phone until climax commenced. Jailbaits serendipitously surrounded Clinton's ASICS with their pussy cats. "STOP!" The sign clearly said across a dark alley. Cheese fell curiously from long faces, inedible, moldy, green, and cheesy testicles blossomed into uncanny tsundoku associations. Yanderes' throbbing cunts glistened against Ripple.

Meanwhile, in MtGox headquarters, Three Musketeers manipulated cocaine unintentionally, sabotage England Association Initiative Network Response Team, and boogies sabotaged planes using their dicks. That escalated quickly, beyond comprehension as we descended into the great unknown. Unfortunately, trolls masterbaiting libertarians made masterful cupcakes oral-aggressive-anal-retentive-come-and-see-me-five-times-a-week-for-years-at-vast-expense-or-how-do-I-know-you're-really-committed to fucking goats for free. Meanwhile Anyhow, Giraffe Smithe goats and lepers decided
3450  Other / Beginners & Help / Re: Just had 39.70 bitcoins stolen from blockchain account! on: May 24, 2013, 09:14:33 AM
Sorry to hear this OP. Unfortunately there has been a lot of this going around lately.

- I would not recommend adding an alias to your wallet which is the same username you use on other bitcoin sites or is easily guessable. If you previously had a wallet with a common alias and no 2FA authentication I would recommend to create a new wallet.

- Enable two factor authentication.

- Use the browser extension if you can https://blockchain.info/wallet/browser-extension.

- For any significant amount print a paper wallet https://blockchain.info/wallet/paper-wallet-tutorial-web and keep the majority of funds offline.

These are words of wisdom - that's about all you need to do to be pretty much safe (just follow ALL STEPS).

I would add just one thing: stop using Windoze and you will be safer by an order of magnitude. Linux is ideal, but even OSX is way safer out of the box than Microsoft's crap.

EDIT: and disable that Java shit if you have it enable.
3451  Other / Off-topic / Re: The Story Game on: May 24, 2013, 09:09:23 AM
Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.

Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!

Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.

Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.

Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.

Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection, Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched electrically his "contacts", pondering why her earlobes looked so tasty dipped in mustard sauce from Meze's toilet. Meanwhile, under scrutiny from DHS, MTGox got DDOS'ed by CIA bots, Chinese pygmies licked thousands, drooling custard from cracks forgone.

Alas, we combusted gloriously into eternity with malevolent douchenozzles. Faunlets screamed condescendingly into their rapists' buttholes. Nymphet's carefully propositioned orgies began fondling Eminem's mobile phone until climax commenced. Jailbaits serendipitously surrounded Clinton's ASICS with their pussy cats. "STOP!" The sign clearly said across a dark alley. Cheese fell curiously from long faces, inedible, moldy, green, and cheesy testicles blossomed into uncanny tsundoku associations. Yanderes' throbbing cunts glistened against Ripple.

Meanwhile, in MtGox headquarters, Three Musketeers manipulated cocaine unintentionally, sabotage England Association Initiative Network Response Team, and boogies sabotaged planes using their dicks. That escalated quickly, beyond comprehension as we descended into the great unknown. Unfortunately, trolls masterbaiting libertarians made masterful cupcakes oral-aggressive-anal-retentive-come-and-see-me-five-times-a-week-for-years-at-vast-expense-or-how-do-I-know-you're-really-committed to fucking goats for free. Meanwhile Anyhow, Giraffe Smithe goats and
3452  Bitcoin / Hardware / Re: Eyes to the horizon: A bitcoin ASIC project will be announced in June on: May 24, 2013, 09:06:56 AM
OP: I also think model A is more interesting, but only because the pricing of model B seems too high.

Anyhow, as you do not seem to need funding to develop your project, in your shoes I would just mine and keep the profit, while also selling any hardware in excess, which would also help to decentralize Bitcoin a lot. Sometimes is easier to manufacture units en masse once you got everything right that to find a place with enough power/connectivity to deploy a huge operation.

My understanding is that ASICminer had to launch an IPO to raise the funds needed to develop their project from scratch, and this is why it has been such a good investment for their shareholders. As you do not seem to need money for that, the only purpose of going public would be to raise more funds than your mining operation would generate by itself, which obviously would be a bad investment for your shareholders, unless they really count on the Greater Fool Theory

Please correct me if I'm wrong, as you may also use the IPO funding to produce and deploy more TH.

3453  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 24, 2013, 08:59:52 AM
Posting guild lines:
 Please lets keep this thread clean. ( I will be removing any off topic posts )
 Do not post random comments on this thread, unless it is directly related to the last wall update (ex. The 20K ask was was NOT sold into, it was removed after being tested)
 When you post a chart please use bitcoincharts.com, mtgoxlive.com, btccharts.com or bitcoinity.com


as requested, i have started a new thread.
this thread is now a self-moderated topic.
I will try and keep this thread clean, with only facts, current trends, past price movements, depth charts, etc.
I promise to not delete post simply because i do not agree with the bearish TA.

Quoting the OP rules for the lulz

Cheesy:D:D
3454  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 24, 2013, 08:59:03 AM
We may see an interesting Friday when the US wake up

It's interesting to see how lately we had more action on Fridays, and even on Weekends, compared to Wednesdays - which were the days with biggest action (both downwards and upwards) until now.
3455  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 24, 2013, 08:38:07 AM
Slowly breaking the higher highs of the last 7 days. Slow and steady climbing - this is what we called "sustainable growth" and we were hoping for during the parabolic growth - right? Cheesy

3456  Bitcoin / Bitcoin Discussion / Re: Bitcoin and the Silk Road on: May 24, 2013, 08:21:45 AM
Well petty sure its more like:

Buyer:
You deposit funds to silkroad account:

Seller:
Silk road account pays you:

===========

So its not like if I send you coins, you send me crack, the coins are linked by a single transaction.

Then you put it in a spinner.

If you use pre-paid postage, and a fake name + address + gloves, they cant trace you.

It's against the law for the post office to open your mail, they have to have a warrant, and to get a warrant they need proof. For proof they need an x-ray, or a dog. If you stealth package your shit so a dog cant smell it, then you cant get a warrant.

You are so unaware of the system it's ridiculous.

A.) As time goes by the smell will come through the packaging, NO MATTER HOW MANY TIMES YOU SEAL IT, it is merely a question of time, say if you put it in a glass jar then you have 3 months until the smell is detectable outside of it, 3 air vacuum seals on top of each other will get you 12-20 hours.
B.) ALL the packages go through x-ray, dogs are incredibly effective at detecting drugs, furthermore the dog handler can make the dog do a false positive any time (can make the dog indicate as if it smelled something even though it didn't) and go through your shit.
C.) EVEN if you use a fake name + address + gloves, it's still not enough because you will need to change the gloves between every time you package something to not get particles on the outside of the package and cops will be waiting at mail drop boxes once they are aware of you, so enjoy your paranoia.
D.) It isn't that hard for the government to check out which websites you're browsing on the deepnet, even easier to social engineer the shit out of you and dox you down to the color of your trousers.

Please stop spreading FUD and advertising an otherwise extremely dangerous lifestyle, you can make a decent living without ever getting into that shit.

You got all your facts wrongs, except the fact that you indeed need to change your gloves each time.

But you do not have any credibility, as all your statements and simply and plainly wrong.
3457  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 24, 2013, 07:30:54 AM
Hello ladies,

You are now reading this with my voice.

 Grin

Sorry to burst your bubble, but there are no ladies on here. Bitcoin used to have a lady, but she got a Bitcoin tattoo and was never heard from again. Just us guys now.

I think she got 200 BTC for it.

Picture #1 - NSFW-ish
Picture #2 - NSFW-ish
Picture #3 - NSFW-ish
Picture #4 - NSFW-ish

Ahhh, here's the thread.

2011 - Bitcoin was such a wild and crazy world.

Why do u say she was never herd again? Se has been active lately in the betting sub forums.

https://bitcointalk.org/index.php?action=profile;u=33342;sa=showPosts
3458  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 23, 2013, 10:51:33 PM

Im LOLing so hard I shitted my pants
3459  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: May 23, 2013, 10:49:02 PM
This time's it's different.

Best post of the thread.
3460  Local / Español (Spanish) / Re: Mucho cuidado con Bitstamp on: May 23, 2013, 10:22:06 PM
Reserva fraccionaria?

Y encima ahora también trabajan con Ripple, lo que significa que emiten deuda en Bitcoin, lo que nos faltaba.

Para los que no entendáis lo que significa os animo a que probéis Ripple, y que paséis varios de vuestros BTC a ese sistema a través de Bitstamp.
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