Legal botnet FTW.
Agreed. Seems like a voluntarily installed botnet to me. +1  |
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I just see everyone laughing to people who bought blades at such high price. Did it ever occurred to anyone that they now can replicate those blades and make themselves their own ASICMINER you know reverse engineering and stuff? And also they delivered unlike some other manufacturers.
I don't think anyone is laughing. I just think people are trying to figure out the reason for paying such a high price, since it's not an expectation of earning what they spent - unless they know something about the exchange rate and the other manufacturers that we don't. Well, I don't think exchange rate is something to take into account - as those blades are paid in BTC, if the buyer thinks that exchange rate will grow considerably it would be wiser just to buy BTC and hold them. The only point to buy the blades is to get at least 100% ROI on the BTC spent... Or maybe to do some reverse engineering work as seljo suggested, but AFAIK no company could easily and conveniently replicate the ASIC chips without the design. Ans if the exchange rate goes down significantly .... ? Well, I don't see how it could be convenient to spend more BTC than a miner can generate in his lifetime because you foresee a decrease on the BTC/USD exchange rate. If you think the exchange rate will drop, it makes sense to short BTC... But I really don't see the point in buying a miner for an amount of BTC you won't be getting back. |
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All the indicators, including bid/ask sum, seem to lead us to a stability period. ATM market seems to be "on hold".... Obviously this is a very fragile equilibrium, it would just take a couple of big buys/dumps to trigger panic selling or buying.  |
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I just see everyone laughing to people who bought blades at such high price. Did it ever occurred to anyone that they now can replicate those blades and make themselves their own ASICMINER you know reverse engineering and stuff? And also they delivered unlike some other manufacturers.
I don't think anyone is laughing. I just think people are trying to figure out the reason for paying such a high price, since it's not an expectation of earning what they spent - unless they know something about the exchange rate and the other manufacturers that we don't. Well, I don't think exchange rate is something to take into account - as those blades are paid in BTC, if the buyer thinks that exchange rate will grow considerably it would be wiser just to buy BTC and hold them. The only point to buy the blades is to get at least 100% ROI on the BTC spent... Or maybe to do some reverse engineering work as seljo suggested, but AFAIK no company could easily and conveniently replicate the ASIC chips without the design. |
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Well, what happened to this? What is a hybrid wallet ?
A hybrid wallet allows you to send and receive Bitcoins just like any other wallet. However, the Bitcoin private key which is required to send money is encrypted in your browser before it reaches our servers.
Therefore our servers only hold encrypted private keys and neither we nor anyone else can spend your Bitcoins. Only you. How was dogisland able to "seize" those funds to return them back to Graet? Maybe he modified the site, so all the transaction originated by the thief went to an address controlled by him? IMO this confirms again that shared wallet/third party services are insecure by nature and thus should be avoided, regardless of super strong passwords, encryption, 2 factor authorization, etc. etc. etc. It's a pity because really secure third party services are need for BTC (for example for trading) |
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Well, what happened to this? What is a hybrid wallet ?
A hybrid wallet allows you to send and receive Bitcoins just like any other wallet. However, the Bitcoin private key which is required to send money is encrypted in your browser before it reaches our servers.
Therefore our servers only hold encrypted private keys and neither we nor anyone else can spend your Bitcoins. Only you. How was dogisland able to "seize" those funds to return them back to Graet? Maybe he modified the site, so all the transaction originated by the thief went to an address controlled by him? IMO this confirms again that shared wallet/third party services are insecure by nature and thus should be avoided, regardless of super strong passwords, encryption, 2 factor authorization, etc. etc. etc. It's a pity because really secure third party services are need for BTC (for example for trading) |
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It's outrageous when somebody starts an auction and then sells the goods via PM. If you start an auction you have to honor its winner (and if you bid you have to honor your bid), otherwise all this is a joke. I think a scammer tag would be appropriate.
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FCC approval takes a lot of time and money, just saying...
In the US, all products containing electronics that oscillate above 9 kHz must be certified. The law that governs this is FCC Part 15 (Title 47 CFR Part 15). Should cost less than $20K. This cert might be what is holding up their bulk product shipments. Who knows, BFL is a black box that says they will ship black boxes. Does the FCC have a clause stating that if less than X units are built and shipped, then FCC certification doesn't apply? I don't know. Also, I don't know what you're referring to regarding black boxes, for I clearly see a logo on them.
black box Noun Any complex piece of equipment, typically a unit in an electronic system, with contents that are mysterious to the user. Was I the /only/ one to immediately think about another kind of blackboxes? http://en.wikipedia.org/wiki/Black_box_%28phreaking%29I feel old. No, you were not the only one. And I feel old too. |
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If you have to ask this question, definitely dont bother. Buy and hold, its a deflationary currency so theoretically you cant lose by holding.
Yeah, it just deflated from $266 to $130, or that was the USD deflating? |
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If you can't afford to buy more BTC, then you can't afford to day trade. One bad decision could wipe you out.
This. |
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The price is not considered a bargain as its still remaining in this range..I'm betting for a black monday..
And your definition for "black" goes something like... ...it crashes through rpietila's support line of $115, goes all the way to $95, enabling rpietila to invest the proceeds of last week's OTC trades (about 700 grams of gold, 22 kg of silver, EUR 28k cash, 60k bank money) with 30% better exchange rate that he would otherwise get, and bounces back to barely above $110, closing the month with a +15% green candle. Black indeed. I'm looking forward to it..  Me too. But I won't discard the price to go straight up, just barely touching $125... There are bullish signs everywhere, including very positive media attention despite the bubble burst, which every day looks more like a simple correction. |
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The price is going to fluctuate a lot for a very long time, but despite what I've said over the past 2 years, I think chances are good the price is going to continue up overall. All that development on the infrastructure, making it scalable and more robust, is just beginning and things are looking promising.
How can we ignore proundhon's comment! Proudhon went all in. That's a bullish sign indeed. |
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Nice stability with good volume. BTC is here to stay  |
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My pleasure. Organofcorti does indeed a needed service to our community
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Plus, the 1,500GH Miner does not exists
not anymore to pre order. Because it cant exist. It was a dream, something technically unfeasible. BTW, your house can take a 7,000w machine? No. That's the reason why it does not exists. |
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...
Avalon B2 and B3 will put some serious hashing power onto the network (~90Th/s). If the Avalon ROI pricing calculation doesn't factor in their own success, then the price for B4 will be way to high to make sense. Sure, I would love to buy into .4BTC/1Gh, but I agree, this seems like wishful thinking.
As much as I would like to get into Batch 4, I don't think it makes sense personally until they ship out B2 and B3 so their pricing formula would be closer to accurate.
Pricing will heavily influence sales - if they go too high with a price, not many will be sold. Don't underestimate greed and stupidity. The ASICMINER blades where auctioned at a price which will NEVER ROI (75BTC for 10GHs) |
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Really dumb? And how do you think that traders trade? You need both fiat and BTC on the exchange, you knew that?
A trader should keep enough reserve to cover his trades and that's it. Using MTGOX as a bank account is the most retarded thing I've ever heard. a) you are losing money. very minute you have fiat sitting in MTGOX you are losing money. b) you risk losing it all, it's a considerable risk leaving large amounts of FIAT at MTGOX. If their accounts get closed tomorrow will you see any of it back? who knows. Well, if you trade a consistent volume (lets say 5 figures of fiat and 4 figures of BTC) you will need that amounts, which may be very big for you, on the exchange. That's the reality if you are trading more than just play money. |
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I'm not a math person, so I've took a while to understand your charts  Anyhow I think I arrived to the same conclusion as you did, with my excel and my "hand made" projections: reasonable price for Avalon batch #4 would be around 0.4BTC per GHs. And still the risk would be high, as we are seeing how the delays are seem unavoidable. If they price batch #4 that way (0.4 BTC/0.5 BTC per GHs), I'm ready to do a consistent investment. But I'm afraid it will be higher, I have the gut feeling it will be double than that... Which makes ROI very difficult if not impossible. |
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Bueno, $120 ha resistido. Si sigue aguantando la tendencia alcista no se ha roto.
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