All BFL products delivered after today will never reach break even. Josh will say, Well BTC will be up to $225 by then and you will have made money! Or maybe not. Syke says no BFL products delivered after today will reach break even. I think that's going to be the problem with any hardware. It was ordained when a proof of work which lent itself to massively parallel processing was written into the specs of bitcoin: it produces a situation with no equilibrium. The only way an equilibrium could be established is if there were to evolve a handful of colluding or clearly cross-signaling entities dominating the network, each with large network shares, who would respect each others' network shares and drive any non-cartel shares to below net-revenue zero. Otherwise, the only way to increase revenue is to bring more hash power on line, and the dog begins to chase its tail, circling faster and faster. That way, too, small miners become collateral damage at an increasing rate. And somehow it is BFL's fault... at least according to people like Joe. |
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No one saw the network effect from the European Debt crisis and Cypress. Not even Avalon...if you ask me...it should always be the standard that any bitcoin mining hardware companies should also be willing to accept bitcoin as a form of payment - Avalon saw this no differently. If BTC had followed a more linear steady growth trend, it would probably have stayed at a lower rate for longer periods of time and there would be less demand for hardware. I, like a great majority of other users here, got into bitcoin AFTER learning that the price of it could potentially Skyrocket in value, not before.
Why is it that every time I keep seeing people complain about not being able to perpetually make heaps and heaps of money simply for processing power - dude its Jurassic Park/Concrete Jungle status. "Life Finds A Way" which is why mining kept being pushed off to technology that could increase efficiency to stay above diminishing returns.
Guys....MINE ALT COINS....seriously....MINE ALT COINS when diff is too high for you to sit with. Obviously there is a bit of a gamble here that depends on your belief as to whether or not the price will go up. If you think it goes up a whole bunch then you should consider holding onto your mined coins a bit longer.
To me, it seems as though the only ones who actually feel the urge to complain, those who are quick to curse this gift of "free money essentially" seem to desire selling btc immediately for local fiat...this was always meant to be an activity that marginally rewards you for protecting the network. The block reward halving is a way to wean out the reward structure for early adopters. The thing is that alt-coins can and are sold on exchanges for BTC and can be mined at a much higher rate.
Do not trick yourself into thinking that a sustainable career path could be made by mining btc and playing the hardware arms race upgrade game. Hold your mined coins and only sell a small portion at any given time so that you don't lose from any other potential price climbs....conversely, if you really want your investment to pan out better (talking about if you dropped Grands upon grands on ASICS HW or GPU for scryptcoin), then start TELLING YOUR LOCAL MERCHANTS TO ACCEPT CRYPTO! Keep a few bitcents on a mobile wallet, show them the mobile wallet and explain that is money in your pocket that could be in theirs if they are willing to accept BTC in addition to Cash and Cards.
SATOSHI FOREST FTW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
FWIW I'll leave you with this bit on mining.genesisblock calculator = their calculation doesn't do network retarget adjustment - it does Exponential Curve Rates for Difficulty. As we all know, asics HW MFG doesnt double month after month, sales do not double month after month, and if more people follow my advice with mining alts- that is hashpower that gradually transitions onto alt-chains as well. Put it this way, do you buy 1 miner the first month, 2 miners the 2nd, 4 the 3rd month, 8 the 4th month, 16 the 5th month, 32 by six months in??? Can you really see 1 person even being able to manage that level of miners? I don't...its not realistic. Well the genesis block calculator seems to think that is absolutely realistic. Yes its my opinion....no one really knows what to expect within the coming months.
One of the more cogent posts I've seen here in months... |
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BCP, you are harshing the FUD and misinformation mellow that people like Loredo like to comfort themselves with.
For anyone with half a brain and second grade math skills, though, all BFL products are profitable to 900+ million difficulty at .15c KW/h @ $120/BTC. If the price of BTC is above $120, it's profitable even higher. Yes, at 900 million difficulty, profit margins would be ridiculously thin, but it's still within the profitability threshold that Loredo is trying to convince people is happening at 1/9th of the actual difficulty level (and remember, that's at $120/BTC).
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Yeah, it dynamically adjusts your difficulty based on your mining speed and targets around 20 shares per minute I think is what I have it set to.
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 I think we're approaching Plaid  |
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It does it's own thing, but it adjust pretty rapidly. Difficulty starts out at 10 regardless, though.
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If you changed your email, then yes it will be active until it expires. There's no way to remove it.
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The supply chain issues would also not work. Chip technology today is in many different sizes. 180nm, 150nm, 110nm, 90nm, 65nm, 55nm 28nm. I doubt you could send the same specs to 2 different foundries and get the same results. I could be wrong. But from the foundries they have to be sent to a bumping facility. Somewhere in there the chips have to be 'binned'. I asked a question about binning and was told Grade B and lower were only used on Jalapenos. Grade A normally encompases only 60% of a wafer of chips, however I was also told that a majority of the Grade B were testing out at Grade A, so it sounds like they had a good FAB there. From there you need to populate the boards. Unless foundries have bumping facilities, you already have 4 different companies working together between the foundry, bumping fac, PCB manufacturer and the Assemblers. And the product isn't even to BFL yet.
Your foundry is simplicity indeed when compared to a chip foundry.
You can't "send specs" to multiple foundries. You have to choose a foundry before you even begin a project, because each foundry has their own tools, methods and expectations. Once you choose a foundry, the only way you can switch is to basically start from scratch for the most part. What many people seem to overlook is that BFL started out at 130nm (at one foundry), switched to 110nm, then to 90nm then to 65nm, with three foundry changes along the way. The design process for the current generation chip started long before pre-orders were taken. The comparison of Ridicuss' company and BFL is impossible on almost every level. BFL did not have the resources, supply chain, personnel, etc... of a 60 year old company, nor does the established industry even exist that the mill enjoys. 65nm was brand new, state of the art just 7 years ago, not only is there not enough time to develop an industry similar to a steel mill around the 65nm node, the technology moves so fast that a robust industry like that would never even have time to develop. It's very easy to claim that "BFL should have done this. BFL should have done that. I would never do this. I would never do that," but the simple fact of the matter is, pretty much any technology company that deals with end user customers on the scale of BFL or more has very little direct customer communication. Why do you think this is? It's not because they can't hire people to deal with them, it's because it's counterproductive, as we have now learned. BFL is easily one of the most open privately held technology companies in operation today and by far and away the most open bitcoin ASIC developer and it's proven to be nothing but a detriment to our core business model. The reason you don't see the likes of Sony, Toshiba, Samsung, et al communicating with their customers is because it's harmful to their business (I'm not saying BFL is in the leagues of the above companies, by any means, just using them as an example). They have the money and resources to engage their customers but they don't... they've already learned that customer engagement just leads to what we see here today. Irrational, angry people lashing out as a coping strategy. I tried and use a different tact when dealing with the exceptionally irrational person (usually not a customer), and it actually has it's merits but it's incredibly time consuming and probably on balance as a company grows I can't imagine it being a viable method as the customer base grows. I do find it fascinating to watch the exaggeration, fabrication and misrepresentation of nearly every aspect of BFL grow almost daily. Ridicuss' is a good example of either parroting what he's "heard" or exaggerating/fabricating imagined transgressions so that he can justify his actions to himself. I have been impolite to very few actual customers, the majority of my ire has been directed at non-customers who are pot stirrers. The few "customers" that have been the focus of my ire are the ones who are the most vocally irrational, rude and unacceptable of the bunch. Again, I do enjoy pointing out the fact that I never start a vitriolic exchange, merely respond to it. I've challenged every single nay-sayer to provide evidence that I've started an angry exchange and to date not a single person has been able to come up with the smoking gun. The simple fact of the matter is, politeness and respect get the same in return. Rude, irrational and angry gets what it deserves. Be an adult and you'll be treated like one. Be a spoiled, tantrum throwing child and you'll be treated like one. |
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Yeah, I'm looking into that issue, not sure why that's occurring.
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I will set it up. I'll put us down for like 8 or so, in case others show up. There should be plenty of room either way.
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I'm guessing he didn't switch it to 220v before plugging it in.
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