Good Morning 

Yes, I know that.

But I want to know the reason why.

Aren't you a smartass (again)?

Volume ... that goes without saying.

It's hard for MtGox to get the volume up (they can't lower their fees much more, already sub 1%). But they can keep the price high.

Can we now please go back OT? Which is, in essence: ... Is this the reason why Bitcoin on MtGox is always between 5 and 10 percent higher compared to all the other exchanges (like btc-e, bitcoin.de, ...)?

Aren't you a smartass?

Let me explain it very simple, so that even you have a chance to understand it.

This is the Bitcoin cake (aka market capitalization):



MtGox has a big, big piece of this cake (fees).

Now the task for you:
(1) How big do you think was this piece in June 2012 (when Bitcoin was at 5$)?
(2) How big do you think was this piece in April 2013 (when Bitcoin was at 250$)?

And now go tell me again: MtGox does not care about the Bitcoin price ...

The devices use 6 Watt per GH/s (according to kano).

For a 50GH/s units that's 300 Watt. 150 Watt for the chips (according to Joshs numbers) and 150 Watt for "the rest" of the circuitry.

The heatsink sits directly in the chips - so they should be fine.

But "the rest" will be a problem: Dissipating 150 Watt of heat with no heatsink mounted will definitely cause problems.



Not a problem? I guess Josh is right here, because the day we'll receive our BFL units is when Hell freezes over ("in two weeks"®).

Three facts:
- Deposit of USD and EUR to a MtGox account works without any problems.
- Withdrawal of Bitcoins works without any problems.
- Withdrawal of USD or EUR is problematic (it takes several weeks). So all you can do is buy back your Bitcoins, transfer them to another exchange and sell them there.

So in essence all you can do at MtGox is the transformation of USD to Bitcoin. Which means MtGox is not really a free market (because they are backing up Bitcoin).

One way to keep prices high is to "artificially" slow down the outflow of USD/EUR/etc.

Is this the reason why Bitcoin on MtGox is always between 5 and 10 percent higher compared to all the other exchanges (like btc-e, bitcoin.de, ...)?

MtGox has a vested interest to keep Bitcoin prices up (higher price means more fees for them). Of course all the other exchanges have that interest too - but maybe they are not abusing their market power as shameless as MtGox does.

MtGox has 80 percent? 90 percent? of the Bitcoin cake. They can't generate more income with growth. But they can generate more income in making the price go up and up and up ...

 

MtGox says on their homepage: "Due to the daily withdrawal limits imposed by our European bank, all fund transfers to SEPA accounts in Europe may take up to 3 weeks.".

So not even this is true.

You should stop scamming people. Putting me on ignore doesn't make it any better ...

People, go use this pool: http://pwcpool.erundook.net/ Works much better.

Obviously you have no idea how PPLNS works  

Because my "Estimated Per Payout" is still at 1.33575798 you will get your 5 Cent automatically back. And much more than that!

So what should I call you know? I liar? An idiot? A scammer?

Watch the language? You called my a thief!

Solo Mining for an hour would have given me about 100 coins. You gave me 22. Now you want 12 of those 22 back. So who's the thief?

I know very well how PPLNS works. But for coins with such a fast block target (30 seconds for PWC) pool operators should modify their pool software - and not just copy it from LTC pool software (block target for LTC: 2.5 minutes). So please, do your homework first before you blame others for your incompetence.

By the way: 12 PCW is about 5 Cent. So chill out! Good thing is: I only wasted 1 hours with my rig on your scammer pool.

Read my above edit:
Edit: And please don't give me this "but it's a PPLNS pool and you have to mine at least 24 hours" bullshit. PWC has a 30 second block target, so maybe you pool operators actually start tweaking your pool software - and not just clone it from LTC, FTC, WDC, ...



I stole!? Watch it, asshole! If you are too dumb to configure your shit then don't blame it on others ...

I was mining with 4900KH/s for about an hour. Should have given me about 100 PWC.

This is why I never touch your pool again! Scammer!

The only reliable pool is http://pwcpool.erundook.net/

Edit: And please don't give me this "but it's a PPLNS pool and you have to mine at least 24 hours" bullshit. PWC has 30 second block target, so maybe you pool operators actually start tweaking your pool software - and not just clone it from LTC, FTC, WDC, ...

Now I get this here:

WTF!?

Wenn ein Single SC wirklich 300 Watt braucht, dann kaufst Du Dir einfach ein 350 Watt Netzteil. Bekommst Du für um die 40 Euro überall.

Recently the hashrate of my workers is wrong (only about half of my real hashing power). Did you change something?

Wie kommst Du denn auf die Idee?

Lab_Rat ist kein Entwickler. Er arbeitet nicht mal für BFL. Er, genau so wie grnbrg, verbringen irgendwie 99% ihrer Zeit auf dem BFL-Forum und kriechen BFL in den Arsch. Darum wurden sie auch zu Forum-Moderatoren gemacht. Spart Geld für BFL. Als "Dankeschön" für all die Schleimerei hat jeder von ihnen ein Jalapeno bekommen.

Bei Leuten wie Lab_Rat und grnbrg funktioniert sowas wunderbar. Bei fanatischen Soldaten auch. Du steckst ihnen einen Orden aus Blech für 5cent an die Brust und sie werfen sich ins MG-Feuer.

I am sure there are many epic fails in the history of mankind, but how does another fail make the BFL fail any better?

High amount of orphans.

@pool operator: Can you do something about this?

Yeah I don't get it either.

Either those guys are totally retarded - or BFL pays them to post stuff like that.

Given BFLs track record of failure, what do you think is the probability that those things run 24/7 for, lets say, a year, or even 6 month?

If you are outside the USA and have to RMA them (time to ship to BFL, time to repair, time to ship back, customs again, ...) you will be truly fucked.

A few weeks ago Jesse Seaver from The Huffington Post posted here in Bitcointalk to get in contact with some miners.

Here is the result: http://www.huffingtonpost.com/jesse-seaver/the-great-bitcoin-debate_b_3294847.html

Quote:

Anonymous Miner: Mining Bitcoins has become an arms race against time. (Well, it always was, but now the big guys are in, with the big guns.)

Butterfly Labs might promise to deliver in two weeks ("two weeks" is their standard reply), but if you (pre)order now it might be end of 2013 til you get your hardware. Because of companies like Avalon (they plan to throw hundreds of thousands of ASIC chips on the market around August 2013 and have already sold 490,000 by now), the difficulty will be sky high by then. In my opinion, Latecomers won't even make their investment back, not to mention making any profit.

Jesse continues:
Machines ordered today are expected to ship in late July. Delivery dates are not guaranteed, but Butterfly Labs has assured me that they will offer refunds to orders that have not yet shipped.