Just got my 8-board kit today.
It didn't seem to include a CANBUS cable. (It was supposed to have one, right??)
I hope I can dig up something to use or else I'm going to have to buy 7 more raspberry Pis, lol.
Any ideas where I can get one?
Also, the heatsink on one was incorrectly placed and it covered the holes on the end. This makes that board impossible to stack or even put the risers on.
Lots of bent pins ont he connectors everywhere. Some of them even shorting out (I had to bend them back).
Have no idea if it works at all yet :-/.
I have a 1000W power supply. I hope that will be enough.
Here is the defective board:   |
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Just got my 8-board kit today.
It didn't seem to include a CANBUS cable. (It was supposed to have one, right??)
I hope I can dig up something to use or else I'm going to have to buy 7 more raspberry Pis, lol.
Any ideas where I can get one?
Also, the heatsink on one was incorrectly placed and it covered the holes on the end. This makes that board impossible to stack or even put the risers on.
Lots of bent pins ont he connectors everywhere. Some of them even shorting out (I had to bend them back).
Have no idea if it works at all yet :-/.
I have a 1000W power supply. I hope that will be enough.
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Each satoshi would represent a single share.
Won't work. Try to send 1 satoshi to any address. Good point. But there is an easy fix. Shares will have to be larger than a Satoshi. Not a huge problem. |
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I was thinking about this some yesterday and I think the simplest way to have a distributed exchange without modifying the bitcoin protocol at all would be something similar to the following (see below). It would require a peer-to-peer network built to facilitate finding buyers and sellers for trading and distributing information regarding the securities but the transactions themselves would be conducted using the blockchain. This basic idea could be extended to facilitate bonds with buyback in addition to stocks although I haven't though through the details yet. The concept is similar to the idea of colored coins.
I'm willing to start building this, but I don't have the time to do it all alone, so if there are any talented programmers out there, please let me know if you are interested.
Here are the details:
* Each security would be represented by a single bitcoin address. The issuer of the security would hold the private key for this bitcoin address. Information regarding the security, including any news, announcements, or updates to the security would be signed by the issuer using the security's private key thus ensuring that the information is truly coming from the issuer.
* Shares in the security would be represented by the bitcoins belonging to the bitcoin address. Each satoshi would represent a single share. The security must be funded by a single transaction that represents the number of shares for that security. The total number of shares can never be increased or decreased. Any additional deposits made to the bitcoin address representing the security will be ignored by the Distributed Security Exchange (DSE) protocol. If the issuer wishes to increase the number of shares available he must create a new security.
* Shares are traded to investors by transacting bitcoins from this address to a investors bitcoin address. For simplicity sake, each investor should have a separate bitcoin address for each security he invests in. In that way, the value of the coins in his address with represent, in satoshis, the number of shares he holds for a given security. There is nothing to stop him or someone else from depositing more coins into an investors address but the DSE protocol will not count coins that come from an address that can not be traced back to the original security issuer's bitcoin address.
* Transactions of shares of a security would be performed using contracts. In the simplest case, the contract would involve the security seller transferring a number of satoshis equal to the number of shares he is selling to the buyer and the buyer transferring a the cost in bitcoin back to the seller. The contract would only be valid if both transactions have been signed appropriately by both the buyer and seller. A description of how contracts work in the bitcoin protocol is outside the scope of this document. In this way, both the buyer and seller can be sure that neither one can be cheated.
* The current price of a security can be determine by using a standalone app (or web service) that scans the blockchain and looks at the most recent price a security was traded for. It can also use this method to get average prices, daily highs and lows, and volumes in addition to other useful statistics on a security.
* Finding a buyer or seller is a little more difficulty. It is necessary to a use peer-to-peer network for buyers and sellers to connect with each other. A seller or buyer will broadcast how many shares they are looking to buy or sell and what price they are willing to buy or sell at. When a match is found, the trading software can automatically perform the transaction as described above and both parties will be notified of the transactions success. Transactions can occur outside of this peer-to-peer network just as easily so buyers and sellers can be located using other methods such as IRC, forums, and word of mouth, if desired.
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I have 25,000 shares. I don't want to redeem but I really have no choice unless Ukyo can somehow open the security on Havelock. I've already PMed Ukyo and now I'm just waiting.
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Update:
Good News! HashFast will be announcing Contact imminently.
Please check the HashFast Blog for more information.
For those of you wondering how things are going with our chip fabrication, the answer is: Quite well. Everything at the foundry is on schedule (which believe me we are watching like a hawk every day!) Unfortunately, our agreements with TSMC forbid us going into much, if any, detail about where exactly in the process our wafers are. 'Cause that would be telling. On the other hand, nothing forbids me writing a general educational article on semiconductor fabrication.  And today, I'd like to introduce you to Front End of Line (FEOL) and Back End of Line (BEOL) fabrication. And the moment in between, when a foundry switches from one to the other. Front End of Line is the first half of the process, where all the transistors are created. "FEOL processing refers to the formation of the transistors directly in the silicon. Some steps include growth of the gate dielectric (traditionally silicon dioxide), patterning of the gate, patterning of the source and drain regions, and subsequent implantation or diffusion of dopants to obtain the desired complementary electrical properties." -- Wikipedia Back End of Line is the second half of the process, where those transistors are wired up together. An insulating layer is deposited, metal wiring created on top of it, then another layer of insulation, and vias - metal tunnels - to connect layers. They form the wiring that connects the transistors. "BEOL processing involves creating metal interconnecting wires that are isolated by dielectric layers. The various metal layers are interconnected by etching holes (called "vias") in the insulating material and then depositing [metal] in them. BEOL includes contacts, insulating layers (dielectrics), metal levels, and bonding sites for chip-to-package connections." The point when the first half of the process (FEOL) is done, and the second begins (BEOL), is an entirely artificial but highly satisfying milestone on the way to finished chips. Some call it 'Contact', some call it the start of metallization, some just call it progress. And thus ends my lesson on generic semiconductor manufacturing practices! ** You can read more about semiconductor fabrication here: http://en.wikipedia.org/wiki/Semiconductor_fabricationFor more or less these same words on our blog, you can look here: http://www.hashfast.com/blog What he is saying is that they are halfway done in making the chips, lol. For those of you who can't read between the lines. They may be on schedule but it seems awfully aggressive for finished devices that are supposed to beginning shipping out in just 11 days. I really hope they make their target, especially since I have one of the first baby jets ordered. |
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It's not gonna happen guys. You can't get something for nothing. There is no such thing as a free lunch. Yes, it is asking to much.
Don't you think that if there was a miner for sale that you could buy today, that was cheap, and guaranteed a ROI, that everyone and his mother would be buying one??
There is no reward without risk. To make money mining you need to have done one or more of the following:
- Paid attention to these forums religiously and pre-ordered a miner the second it was announced (like, get in on Avalon batch 1, for example)
- Take a huge risk and pre-order from a new company that is still developing hardware
- Design your own ASIC and start a company selling mining hardware
- Have a ton of money to invest in your own mining company
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Seems like people are getting 47-52GHs per board?
Anyone measure the power consumption yet?
Yes. --avalon-options 115200:16:10:d:256 --bitburner-voltage 1230 85 Watts. 42.59 Ghash/sec. --avalon-options 115200:16:10:d:280 --bitburner-voltage 1400 132 Watts. 50.22 Ghash/sec. The BitBurner Fury was advertised as: - BitBurner Fury with external clock: Hashrate 40 GH/s – 80 GH/s (best demonstrated 64 Ghash/s)
- Power requirement: 50 up to 100 Watts (dependent on overclocking)
I feel sad and angry.   Why always the ripp-offs in bitcoinland? 132 watts!!! OUCH! That's over 1 KW for a 8 board machine!! I was expecting somewhere near half that. |
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How can I transfer shares to Havelock? It says: "How to Transfer Shares: Simply push the amount of shares to the issuer account on the source exchange, then send an e-mail to tat.investments@gmail.com noting your account name on the destination exchange you have chosen. Please use the same e-mail address you have registered with the source exchange for verification purposes." What is the name of the issuer account on bitfunder I have to push the shares to? Also, how do I go about paying the 1 BTC fee? Who do I send it to? |
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Any chance Neo & Bee will cancel the IPO and we can get our money back. A lot of investors are going to be very unhappy.
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Maybe I should start a company to develop a P2P exchange. I could raise money for it on bitfunder....oh wait
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As a dual citizen, I can get the passport + birth certificate + credit card requirement but I'm not going to be able to produce a foreign utility bill. Damn.
Got any family in the 'old country'? Offer to pay one of their utilities if they put it in your name. That's how I have 2 addresses in the US. Mine and my mother's, who is in her 90's. I manage ALL of her bills, and registered my car at her house. Saved a TON on car insurance  Well, actually my sister lives in England. Maybe I can do something like that, but I worry that this is going to crash Bitcoin securities so much that they are no longer worth investing in. |
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How do we go about contacting Ukyo in order to redeem assets? I can't figure out how to do it through bitfunder. Do I need to e-mail him directly somehow?
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As a dual citizen, I can get the passport + birth certificate + credit card requirement but I'm not going to be able to produce a foreign utility bill. Damn.
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Well, it is another interesting day to be an American and find out how much the Banks control your country!!!
Where did you see this? It's not on their website.
Go to the tab marked DASHBOARD! See it now. Pretty stupid it's not listed under "News". I never go to Dashboard. |
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This is really really bad. Neo Bee is already trading at well under IPO price on Bitfunder and I imagine it will continue to drop. I'm considering transferring to Havelock but most like I will sell before Havelock gets shut down too. This might just be the end of Bitcoin securities.
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Well, it is another interesting day to be an American and find out how much the Banks control your country!!! Now Bitfunder has joined the fray and is kicking all US users off their site also!!! Please be advised that BitFunder is implementing the following rules and procedures:
As of October 8th, 2013, BitFunder will not accept new registrations from any United States persons or entities. All new registrants must supply the information required to obtain "Verified" status on their linked WeExchange account. BitFunder may, in its sole direction, decline to accept any new registrations.
As of October 8th, 2013, all current BitFunder users who are located in the United States or are determined to be United States persons or entities will not be able to enter into any new positions on the Bitfunder website, and, as of November 1, 2013, such users will also not be allowed to sell positions on the BitFunder website.
All current BitFunder users who are not United States persons or entities must supply the information required to obtain "Verified" status on their linked WeExchange account before November 1, 2013. Any such users who fail to provide the necessary information will not be able to enter into or sell positions on the BitFunder website as of November 1, 2013.
What next? Banning even mining over here? Just when I thought I was going to be able to make a little extra money. I don't mind paying income taxes, it is everyone's duty to pay. I am in the 39% tax bracket so I already know what the pain is like. Well to everyone else in the world, good luck! It was nice being a member of the community, at least for a little while. Where did you see this? It's not on their website. |
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What is the power consumption for those of you who have received miners?
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Seems like people are getting 47-52GHs per board?
Anyone measure the power consumption yet?
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We should have went with KnC miners.
Figures that I chose another BFL.
Ha! I'm hardware neutral and I've dealt with both companies. One (BFL) is permanently banned from my at-cost Miners Cooperative Group Buys, and the other one has about $30K of our Co-op's BTC for 2 Baby Jets and 2 Sierras thanks to the MPP and pricing. HashFast has been *nothing* like BFL in all of my dealings with them. John S. doesn't go out of his way to belittle or berate his paid customers on forums, and I've found him & their Customer Service to be professional (if a bit slow, at times, due to their small team size). Please don't toss HF into the same boat as BFL and Avalon until they've actually done something, anything, that intentionally hurts the miner community like BFL and Avalon. We will see how it goes. I dont much care how they treat people in a niche market. That is emotional and irrelevant. Simply perform. Thats all I ask. I've seen absolutely no performance from HashFast. I've seen words. When I see people getting the product they paid for, THEN its performance. Until then, I see BFL. They hold they key to their own cage. I don't understand why you are so bitter. HashFast claims they are on schedule. They never promised to deliver before Oct 20. KNC did promise shipping in September and their first units did not go out to Octoboer, so while it was a just few days, they were actually late. Also KNC was priced significantly higher than HashFast. I personally have a order from both companies and I'm happy with them so far. I also own Avalon and BFL miners and I am EXTREMELY unhappy with both of them. |
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