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381  Other / Off-topic / Re: 1GH/s, 20w, $700 (was $500) — Butterflylabs, is it for real? (Part 2) on: February 08, 2012, 07:09:36 AM
Does anybody have any info on that company and the people behind? Doesn't the company have a publicly listed director? Why the secrecy about the last name (K)? I am a bit unfamiliar with the US system, but is there no company report available online?

I apologize if this was already covered in one of the previous threads on BFL, I only read this one.


Yeah it was covered but the threads are way to long and have been trolled to hard for any sane person to read. They claim to be a company but have not given any evidence to support this. They claim to have registered online in the state of Wyoming as a company but this can not be verified. Many of their claims like being Incorporated are just flat out lies.

So it doesn't really help that the registered agent resigned a few days ago and the RA status is now listed as 'Delinquent' at the Wyoming business registry?



Pahahaha...wonder what the spin on this shit is gonna be...



How much testing is necessary?

Dunno mate.   I assume they just want to get it right.  Not sure we should be having a go at them for that.

I assume that testing should have been done before they ever advertised their product, but alas...
382  Other / Beginners & Help / Re: (Day Trading) Keeping track of MtGox transaction fees. on: February 08, 2012, 01:29:03 AM
Hey all,

So I'm fairly new to day trading and something i'm having trouble with is keeping track of the fees that come with transactions on MtGox. I attempt to calculate the fee costs before making a buy/sell to be sure the profit will cover it, but somehow i keep coming out negative due to fees. Can anyone help me out with this?

Or in short, how can i tell how much of a gap i need in buy/sell price to make a profit at a .60% trade fee?

Make sure the spread between your sell price and buy price is greater than .6%...

So i just take 1.2% of the usd I'm spending and make sure I'll profit more than that, correct?

Correct. In my previous post, I forgot about the whole getting screwed from both sides thing...so .6% on each side of the trade.
383  Other / Off-topic / Re: 1GH/s, 20w, $700 (was $500) — Butterflylabs, is it for real? (Part 2) on: February 07, 2012, 10:04:17 PM






RoloTonyTickler: note the date on the posting of these photos. How much testing is necessary?
384  Other / Off-topic / Re: 1GH/s, 20w, $700 (was $500) — Butterflylabs, is it for real? (Part 2) on: February 07, 2012, 10:01:53 PM

Goddamn...apparently, their assembly ninja is slow as fuck.

I believe it's referred to as "testing".   It's usually a good idea before you send out a product.   

Got your order in yet?  You must have as you're so concerned about delivery Smiley

If I wouldn't get banned for posting an animated gif of a guy masturbating in a gimp suit in response to this, it would be there.

Judging from the past four months, they aren't big into testing...

385  Other / Off-topic / Re: 1GH/s, 20w, $700 (was $500) — Butterflylabs, is it for real? (Part 2) on: February 07, 2012, 08:31:08 PM
So what's the deal? You guys have your units yet? Tracking info? Shipping date, even?

Goddamn...apparently, their assembly ninja is slow as fuck.
386  Other / Off-topic / Re: Contest: Guess BFL delivery date, win 2 BTC! on: February 07, 2012, 01:59:01 AM
Clearly I can't pay out on never (I will die before never comes) and the one in 2012 was well after the deadline.



I am not pulling a 'the joint' here (because I don't actually care), but if the last legit date passes with no deliveries, I am pretty sure I am king of this thread.

Seriously, if Matthew's bitcoin magazine gets one to review before customers have received one, I am going to jump into the full-scam bandwagon. They should review real products, not hand free publicity to a company that may never deliver and has made an ass of themselves repeatedly. Why not reward the people who worked hard and didn't lie?
387  Other / Beginners & Help / Re: Orphaned shares on: February 07, 2012, 12:54:35 AM
It likely means that the block you were contributing hashes for was orphaned. It happens here and there, but I think the odds of it occurring are like, .5% or something low like that.

This thread: https://bitcointalk.org/index.php?topic=61170.60 has a lot of discussion on P2Pool and the incidence of orphaned blocks. Keep an eye out for DeathAndTaxes' posts. I think he does the math somewhere in there.
388  Other / Beginners & Help / Re: (Day Trading) Keeping track of MtGox transaction fees. on: February 07, 2012, 12:51:47 AM
Hey all,

So I'm fairly new to day trading and something i'm having trouble with is keeping track of the fees that come with transactions on MtGox. I attempt to calculate the fee costs before making a buy/sell to be sure the profit will cover it, but somehow i keep coming out negative due to fees. Can anyone help me out with this?

Or in short, how can i tell how much of a gap i need in buy/sell price to make a profit at a .60% trade fee?

Make sure the spread between your sell price and buy price is greater than .6%...
389  Other / Beginners & Help / Re: Government Super Computers USA, China, Japan, etc.. on: February 07, 2012, 12:50:39 AM

But think about what would happen if govt's decided to put all their processing power to mining bitcoins.
Difficulty would go up, and some important scientific research would get neglected. That's about it.

Quote
Maybe they will bring a quantum computer to the problem and overnight own all remaining bitcoins. Would that end the age of bitcoin?
Or start a new age?

Seeming as quantum computers just managed for factor the number 15 into 3 and 5, I don't think we have to worry about it. See below for the other repercussions.

Quote
Let's say they get a huge proportion, then what? Do they sit on them? Then what?

The the bitcoins we hold are worth a whole lot more. It would skyrocket their popularity and value overnight...not a bad thing if you are holding long...

Quote

Maybe bitcoin is a govt. psyop.  Where's the original developer these days? Maybe the govt. is mining something else while everyone thinks they are mining bitcoins? But what could they be mining?  Maybe they just want to give people a reason to buy hardware? Or maybe they want to know
what's possible, collectively, by the masses.

If bitcoins worried them they would have done something by now. Right? The govt. has huge processing power at their disposal and cost doesn't ever seem to be an issue for them. So they could have done something by now. Maybe bitcoin is a proof of concept for something else? Is it something good or something evil?



You might need some of this...

390  Other / Beginners & Help / Re: How to determine if an FPGA is suitable for mining? on: February 07, 2012, 12:39:43 AM
Quote from: DeathAndTaxes
nothing worth quoting

Ignore.

Well, that was probably a mistake. Don't ignore the one educated individual who is actually giving sound advice.

The work involved in getting cheaper/less powerful chips to process a bitstream in tandem is going to be ridiculous. I don't know a damn thing about it, but my man that you've chosen to ignore sure does.
391  Other / Off-topic / Re: Is user BitcoinPorn dead? on: February 07, 2012, 12:21:17 AM
Vladimir started bitcoin.co.uk and hangs out there now, iirc.
392  Other / Off-topic / Re: Contest: Guess BFL delivery date, win 2 BTC! on: February 06, 2012, 06:50:33 PM
So, It looks like the only two valid dates left are Jan 31st and April 1st. (assuming it ever gets shipped)

I know the April guess was a joke guess but it looks like it might be a winner:)

Uhhh...I am still in the running as well.
393  Other / Off-topic / Re: Say "raise up lights" out loud... on: February 06, 2012, 06:24:45 AM
zombie dingo dog:

394  Other / Off-topic / Re: 1GH/s, 20w, $700 (was $500) — Butterflylabs, is it for real? (Part 2) on: February 06, 2012, 06:17:25 AM
No no, read the orders, it says TAKE him alive, Lord Vader will have our heads if we fuck that up again


Your sad devotion to that ancient Jedi religion has not helped you conjure up the absent BFL singles, or given you enough clairvoyance to find the Rigbox power specs...



Clouded, the future is. Bong smoke, it may be.
395  Other / Off-topic / Re: 1GH/s, 20w, $700 (was $500) — Butterflylabs, is it for real? (Part 2) on: February 05, 2012, 09:11:49 PM
Really, they could be ANY chip with the identifications sanded off.

Or just 54 heatspreaders with no chips.  cost about $26. Smiley

(Before the crusaders of the church of BFL impale me it is called a joke).

Blasphemer! Burn him alive!
396  Other / Off-topic / Re: 1GH/s, 20w, $700 (was $500) — Butterflylabs, is it for real? (Part 2) on: February 05, 2012, 07:34:02 PM
Odd I see a frog in an icecube. They have 54 units? That is promising. I doubt they would make that many fake boxes.

it's a pic of 54 stratix chips with the identifications sanded off..

Really, they could be ANY chip with the identifications sanded off.
397  Other / Off-topic / Re: Totally Off-Topic! on: February 04, 2012, 09:58:17 PM
398  Economy / Speculation / Re: Silk Road sale.... BTC explosion. on: February 04, 2012, 09:01:45 PM
Cool. So now drugs on silk road are only 90% more expensive than the street...

1.1btc for a friggin' norco? I could be a btc millionaire.

Yes but that is the price you pay for anonymity and not having to deal with drug dealers in person.  Some other things are competitively priced. 
And just like I predicted the sale did nothing to impact Bitcoin price.

Absolutely nothing on there is competitively priced for the US, but I can imagine that other countries don't have quite the supply lines that we do. Personally, I think the tradeoff of dealing with the USPS vs. street dealers comes out in the wash. I'd rather get stabbed than convicted of international trafficking... The likelihood of filthy hippies knifing you is pretty low, and they always have the best drugs.

I really think silkroad is probably the biggest hit with 17 and 40 year olds who don't know where to get the drugs they want. If you've never seen LSD before, a $20 hit doesn't seem to expensive. Me? I prefer a $20 ten-strip.
399  Other / Off-topic / Re: 1GH/s, 20w, $700 (was $500) — Butterflylabs, is it for real? (Part 2) on: February 04, 2012, 03:30:11 AM
if they would quit dicking around, then the thread could be normal, like the guy selling the icarus board, or fizzisist and co. but bfl wants to play around. I say atthis point, why not have some fun? this thread is "off-topic" anyway Undecided

No one needs to talk about anything until there is something to talk about.

1) I bought a Single. I'm involved now.

2) Vladimir is reviewing them in the UK soon.

As far as I'm concerned, they're a startup that needs time to start-up. Leave 'em alone and stop watching the water boil everyone.

I'm Matthew. Now that I'm editor, I am super serious and business-like. This is a business/pleasure thread, holmes. Kind of like Hawaiian shirt day at the office.

Do you guys have your single? I am going to play the tinfoil card and throw out that if you guys get one well before any of the others and they still don't have concrete ship dates, you could be Bruce Wagnering the Mybitcoin of FPGAs.
400  Other / CPU/GPU Bitcoin mining hardware / Re: 144 Spartan6 LX150 FPGA cluster! 21.6 GH/s!!! on: February 04, 2012, 12:52:28 AM
No sign of high current regulators for VCCINT and no sign of holes to mount a heatsink, so this boards are poorly designed for mining and you will not achieve more than 50MH/s.

... knew there is a catch. Anyhow my BitForces are to ship soon Wink

See mousepotato's comment...
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