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41  Bitcoin / Hardware / Re: Why the Bitcoin community HAS to save the network from HashFast, CoinTerra, BFL. on: September 25, 2013, 08:13:39 AM
Not sure where to begin.  Number one probably is that bitcoin community isn't a sick animal so there is nothing to save.  It's just a lot of different people doing different things for many different reasons.  Number two I'd love to here how much you are willing to contribute to this saving crusade seeing that you said you are bitcoin veterans.  But this is all bound to fail since you seem to just want to move profits around from one group to another nothing else.  Let's imagine for a second a magic box into which you can stick 2 mil worth of bitcoins and out will pop ASIC design for you.  Now what?  You say we are going to let it be open source and then "the community" will have cheap chips.  Really?  How are you picturing this working?  Joe in America, or Sebastian in Germany, or Ming in China will just call up TSMC and order a few chips they can screw onto their iPad with a dirty screwdriver and out pops an ASIC miner?  What will happen is ASIC manufacturers will order these chips manufacter a miner and guess how much they will charge to sell it?  MARKET PRICE. So in this instance you propose to take all these crusader bitcoin community savers money and transfer it to these other ASIC manufacturers.  Right?  So you say no way this greed is bad we will make our own miners to sell below market price.  Ok let's see how that will work.  You hire some people to build these miner but now you have to somehow select who gets them below market price since everyone wants 10 and obviously if you sell them all to them it's no longer below market price so you have to pick winners somehow.  Maybe you have a lottery or your employees start picking their friends names out of the hat and the the rumors start that someone is selling them at market prices out the back door ala BFL rumors.  You start shipping and all of a sudden they start getting "lost" or "stolen" or "broken" because people want a few extra at below market prices.  Is this what you had in mind to save the bitcoin community? 
you just don't get it man. Its the corporations ASIC makers keeping down the people! We will build our own society ASIC's using vegan fair trade silicon and there will be peace and love and drum circles forever.
42  Bitcoin / Hardware / Re: Why the Bitcoin community HAS to save the network from HashFast, CoinTerra, BFL. on: September 23, 2013, 10:51:28 AM
Nah, Dabs, I wasn't talking about *us* abandoning customers.

I'm talking about the Original Posters - OurAsic - just up & vanishing, after tying to pull the strangest pump & dump scam or bait & switch scam I've ever seen.

The Mary Celeste was found abandoned, much like we found this thread: abandoned!  Grin
I think reality smacked him hard with the hammer of truth. The world sucks get used to it  Wink
43  Bitcoin / Hardware / Re: Why the Bitcoin community HAS to save the network from HashFast, CoinTerra, BFL. on: September 16, 2013, 01:38:35 PM
I don't think it's so important which technology will be used etc.

The important point of OurASIC was, as far as I understood him, that an ASIC design should get into the hand of the bitcoin community.
So different groups can get this ASIC's for cost of manufacture and can build different, competing miner designs for the market.
Because of the extremely high engineering costs of a new ASIC design, this is not really true at the moment. Only big players have their own design and are selling ASIC's for very high prices.

Personally I like bitfury's ASIC design a lot. It's "only" made on 55nm technology, but very well design and can still compete with the current 28nm design announcements. If the community would have a design like that, I would already be happy. Let's say we would get the ASIC incl. packaging in volumes for about 1.5$, which is not unrealistic. The costs for the chips for a 400GH setup would be around $200. Without the need for complex and expensive cooling requirements like water-cooling etc.

Maybe it would make sense to check if the money for an own ASIC design, could be spend in a better way by just buying an existing ASIC design like the one from bitfury and open-source it.

    
 

 

Let's say you open source a 28nm Asic that does say 400ghz per chip and costs $50 and you sell them at cost. Someone, somewhere will make a better chip if it is commercially viable and then you are back to square one.

People are buying from the current ASIC manufacturers out of free will, there is no monopoly or evidence of a price fixing cartel. There are options for all wallets and ability's (ASICMINER USB to BFL Minirig and more on the horizon). If the high price of entry is such an issue these companies would quickly go bankrupt as they would not be able to sell products if people do not want to buy them.

This is exactly the same as people who bitch about Walmart coming to town and killing Main Street, when it is the people themselves shopping at Walmart that kills the independents. Don't like it don't buy, see how long a company survives with no customers.
44  Bitcoin / Hardware / Re: Why the Bitcoin community HAS to save the network from HashFast, CoinTerra, BFL. on: September 16, 2013, 06:33:52 AM
A few questions:
So the ASIC companies are evil for selling a product with high market demand?
So the people buying ASIC's by the truckload are not the issue?
And this can be stopped by creating another ASIC?
What drugs are you guys on and can i have some?
45  Bitcoin / Hardware / Re: {BFL} Why The Monarch Might Just Work on: August 19, 2013, 11:29:51 AM
Monarch huh? You know this guy is going to be turning up in two weeks(TM)

46  Other / Beginners & Help / Re: Solo litecoin mining - Am I doing this correctly? on: April 27, 2013, 03:12:23 PM
Solo mining with an nvidia card is going to take you a very long time to get anything. You would be much better off joining a mining pool. Your card gets 10mh/s on btc according to the wiki (https://en.bitcoin.it/wiki/Mining_hardware_comparison) so that would be around 1kh/s usng the 1/10th rule of thumb.

According to https://www.litecoinpool.org/calc?hashrate=1&difficulty=404.82011437 you are going to be waiting over 20,000 days for a block!
47  Other / Beginners & Help / Re: Suing PayPal on: April 27, 2013, 03:06:12 PM
Bitcoin community,

I have been scammed for a few thousand dollars on eBay + PayPal (over 80 BTC). After selling the bitcoins, all of the buyers filed a chargeback, and PayPal returned the whole funds to them out of my account, and on top of all charged me with PayPal and chargeback fees.
I am willing to sue PayPal for the act, and already contacted an attorney who believes we have a claim. We will probably sue them for committing and allowing fraud through their systems, without supervising.
I have contacted PayPal 13 times already, regarding the claims but to no avail.

Since I believe a few others were scammed the same way, I wish to sue as a group against this massive corporation.

Does anyone wish to form a group?

5 minutes on Google would have told you that 99% of all ebay/paypal btc transactions end in tears. This is why you send something physical to have a tracking number i.e " your buying my autograph with a free bitcoin". Good luck trying to prove that you did send the coins (what with anonymity and all) people have been refused dispute videoing themselves sending them. Sounds like your attorney has spotted you as a mark as well.
48  Other / Beginners & Help / Re: mining machine in office on: April 27, 2013, 03:02:45 PM
A company could easily call this theft and boot you  out. Same goes with mining on work machines.
49  Other / Beginners & Help / Re: Newb Here! Need info about mining! I'm very interested! on: April 24, 2013, 08:46:13 PM
roughly (not sure if 1024 issue applies to hashrates like storage?):
1000kh/s =1mh/s
1000mh/s =1Gh/s

2000kh/s (or 2Mh/s) is near useless (if that is BTC speed) unless it draws no power (or your power is free).

Have a look at http://dustcoin.com/mining for the answers to 1 & 3. You won't get $1000 a month on anything except a large amount of fpga's (not being made) or ASIC's (not many available).

4) depends
5) you will be at the tail end of a long queue. Unless your power is free it is not worth buying GPU's due to difficulty increasing.
6) ?
7) 4 is good, depends on available slots and psu strength. think i have seen some with 6.

and remember google is your friend Smiley
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