when you spend up the ass for the equipment it takes months to deliver and when you have the equipment in hand the difficulty is so high you risk losing money cause you cant make ROI i think that makes bitcoin look like a joke and a huge gamble thus making bitcoin less attractive and could lead to panic selling and collapse.
Then don't mine. Seems a pretty simple solution. If you believe the risk of ordering, combined with potential delays, limited upside, and rising difficulty make it unattractive to invest in new mining hardware .... THEN DON'T. "Bitcoin" (the network) needs someone to provide computing power. It doesn't need everyone to do so, it doesn't need any particular individual to do so. Eventually the mania will die down and Bitcoin mining will return to a high capital, low return operation just like ANY OTHER commodity production. One thing I do think about is if ASICS will lead to the slow erosion of the decentralized nature of bitcoin. As rewards half, solo miners might step out. Leaving pools, which then could consolidate (or go bankrupt) |
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Sounds to me like OP's complaint is more like, "Bitcoin ASICs (and the companies who created them) ruined my (and other's) ability to earn money mining Bitcoins".
This: http://blockchain.info/charts/miners-operating-profit-marginThere is correlation between ASICS and the margin decline, however this does not imply causation. |
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BFL is the devil.
This is undisputed. |
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they have that equipment and have been mining with it for months.
Yes, ASICMiner also sold stock shares paying dividends on that hashing. Or were you speaking of BFL... |
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big money like BFL ASICminer and china mass producing equipment and mining with customers equipment prior to shipping doesnt help either.
BFL has to be the company that has shipped the least yet people seem to associate most with the difficulty increase. Why is this? As for ASICMiner, they're listed in the hashrate distro chart and "Stock" (as in securities) in the company was available on these boards for purchase with dividends. |
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I'd say little yes, it's not because ASIC is a problem it's the fact that previously we were all mining coin with readily available hardware so it felt equal opportunity but now it's difficult to get hold of good hardware and at the same time a lot of shifty people are trying to dupe people with fake offers to buy miners or even the people selling miners genuinely are quite shifty like BFL, unless it goes back to how it was I feel the system will lose a lot of hobbyists because it comes down to how do you compete against such people?
a block erupter hashes at a respectable rate when you compare to GPU, and cost much less. Now we all know that they wont hit ROI -- did anyone here running a GPU cluster hit roi? When has anybody actually made bank? Other than ATI, and now ASIC vendors and their resellers. It sounds like people upset they cant play, like USB asics aren't on these very forums for BTC.38 |
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i think so.
Do you believe they were not inevitable? |
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I don't know who that is but I tried for a month to get a known criminal tagged and was told by JohnK that the scammer tag is no longer employed.
Who was it? Rondini (or joeyjmr8484) got it pretty quickly. Of course, Joey didn't even dispute the claim that he was a scammer... He did actually, by attempting to argue that his inability to pay makes him something other than a scammer In regards to the new forums, if it has not yet been mentioned -- mobile browsing is lacking on btctalk right now. |
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Interesting. Was thinking about trying a CD too. Thanks for the link, going to digest now. Sorry for bumping your post again too, Joey. |
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Pending offer .3 BTC including shipping by user TECSHARE. This offer will be closed to further offers upon receipt of funds to my address 1Ls2qT8saRvxrYR8Di9ZDJ7AHLvEz4cJmJ
UPDATED: sold to a local buyer. Thank you to for your interest, TecShare |
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My 2 cents:
I bought 84 for 1 BTC. Sold them all for $140+ ($3360 profit). I thought jeez, that was a good deal.... so I bought 50 more. ASICMINER dropped the price to .55, so I ended up selling all 50 for about $75 (a $1250 loss) because prices on Ebay had already crashed. Sellers beware. You might get stung by ASICMINER dropping the prices, or by the Ebay system... read on...
Ebay fees are so high, it literally ate ANY profit I had and I actually think I operated at a loss because of ASICMINER's dropping prices.
I even had one person file a case because I said in the auction it would run at 300+ Mh and his was only running at 275-295 Mh. He said he came on the forums here and someone told him they are supposed to run at 336 Mh. I wish I knew who told him that... after mining on over a 100 of these, that is the FASTEST a BE will ever run. Speeds vary (as I mentioned in the auction) as with any other mining equipment.
Anyways.. be careful about how you describe the item and its hash speed. Of course the guy that files the case mines on the damn thing for 2 weeks before he asks for a refund. I wish I knew his name on here so I could give him a piece of my mind. Actually, I gave him a piece of my mind in a Ebay case message. I'm probably getting a negative feedback.. I just couldn't help myself. If you are not happy with the buy, then send it back and ask for your money back... don't mine on it for 2 weeks...
So, I'm done with Ebay and BEs...
/rant
PS: Sorry canary, this is the only thread I knew about selling BEs on Ebay and thought others doing the same thing needed to hear these things.
And all this with PayPal's (pretty) decent seller protection which we pay for in the fees. eBay listing fees that protect you, and PayPal processing fees that protect you again from the same thing. Canary, you must have had some nightmares dealing all in BTC, no? |
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i am sick and tired of hearing about this fat ass called joey, he ruined this forum. Might as well just close this lending forum down because nobody trusts anybody anymore. Whenever someone asks for a loan they're called "oh probably another joey alternate account"
that is so fucked up
Did you try coinlenders.com? |
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Last week somebody was saying they thought bitcoin is the "most efficient" way to pay, so I crunched some numbers to find out. Summary: it is not. Currently 262 Terahash/s=262E12 hash/s Most efficient bitfury hardware gets 705E6 hash/J, or 1.42E-9 J/hash ==>Note I'm being as conservative as possible here, in BTC's favor So total network power consumption is at least (1.42E-9 J/hash)*(262E12 hash/s)=372040 J/s = 372 kW. Like I said, this is the most efficient scenario, with little room to improve with new mining hardware in the future. A year ago it was far, far worse. 36944 bitcoins change hands/hour, on average. (3600 seconds * 372040 J/s)/($100/btc*36944 btc/hour)=362 J/$ processed. Now let's compare to Visa. Visa processes avg $6.7T/year= 6.7E12 $/y = 212456 $/second. If Visa consumed as much power as bitcoin, that would be (362 J/$)*(212456 $/s)= 76.9 MW of power. Visa has 2 datacenters in N America, consuming about 25MW each. And that includes stuff like AC, that I didn't even consider for bitcoin. So Visa actually uses far less energy/$ than bitcoin. And bitcoin is getting less efficient every day as the hash rate grows. http://usatoday30.usatoday.com/tech/news/story/2012-03-25/visa-data-center/53774904/1Discuss. Last night I was daydreaming and wondered, how do the amount of TX compare? If BTC were to exceed all the major credit card co's in TX-- that'd be an accomplishment. Unless it's already been accomplished. |
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Then why not making a topic in "Off topic" about the 'merits' of weed instead of posting in here, i came asking for a loan and for it to be payed back by me as well. Not for a discussion, every time i see a new reply on my topic it's not about my loan. I get excited for nothing. It's depressing.
You need another taxi, Joey? |
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Are we going to discuss loan or are we discussing about how bad/good marijuana is? I am confused
I recommend the "Kali Mist" from vendor Anywherebutnorcal(100) gonna run you more like 1.1 btc tho. As for the rich old men, they got tired of getting "Joey'd". Regardless, I don't loan for consumables. Sry |
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what happened to old bitcoin forum? remember when nice rich men on here gave away bitcoins to a person who only said "i want this, pay back by this day" i miss those nice rich men, they die?
are you all in debt?
Obviously a past scammer. I'm from the school of thought, "Once a scammer, always a scammer" |
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If they send you the payment as a gift there is an option to do so), they CANNOT charge you back get a refund. Another way to stop them from charging back is to immediately send the money to another Paypal account, be it a company account, a friend relative's account, or just a spare one that you have. If the money isn't in the account, they can't charge you back
Cant tell if joking or serious. Paypal will make your account negative if it is charged back. |
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maybe they just spinning wheels? You can stop the unstoppable  |
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Amazing: 5'000 Dollars of the donated 11'000.- until today come from the 1 Percent, the Bitcoiners.
So big win for wikileaks for enabling bitcoin donations. I was donating to WikiLeaks directly before Snowden was offered Asylum. Hoping some of the btc sent there and not to the 1snow cacount still went to him |
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This is the biggest increase ever, right?
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