As we already stated, chip documentation isn't ready yet for public distribution.
You are gonna start mining in less than 1 week and you can not give us any info about your chips. You can not be serious? Deployment is proceeding according to plans and pictures of the devices will be revealed later. Hashing will start on the promised date.
You are gonna start mining very soon and no you can not provide any real evidence. Seriously by now i would hope you would have prototype running and would show us evidence. ^"Worst reasonable case" is still LC being entirely fraudulent
I agree. Still no real proof they have developed anything, besides that chip, that could be anything. You're right, all that is rather odd AND I wouldn't even mind if they'd simply do what they said they'd do. They were going to lock up founder shares and offer proof they'd done so, but did not do this. Now we can only speculate on whether management still has any skin in the game or not. I'm not selling, but I won't buy more till they start communicating and doing what they say they'll do. Vague promises about future hashes and a photo op at some future date only go so far. |
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CreativeX does not panic buy. FC has said ASICMiner will deploy 1000Th/s in 2013. Also they have their own Gen 2 products in the pipeline. The market doesn't care ATM because Ken Slaughter says he'll have a 28nm chip of questionable worth hopefully maybe sometime in late November NDAtm.
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Wowzerz. Dave needs to paradrop some of his guys into Leawood KS and teach them boyz how shippin' gits done!  |
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bASIC-Mining was originally set up that way by me last year to avoid requesting the issuance of additional shares if needed in the future. At the time it was not at all unusual to do it that way. Not one share has ever left the asset issuer account without a shareholder vote and majority approval. Not. One. Ever. Not even for a millisecond. This is easily checked by anyone at any time by simply checking the number of shares outstanding. 50%+1 in one hands can permanent vote and majority approval and drop into market new shares. Without special reglament it's deadly for minor shareholder. For example I had 20% of pie, then awake and now have 10% of pie. And my part's price decrease in twice. Common practice: new outstanding offering by special price to old shareholders. Edit: Asset issuers cannot change their contracts on btct.co w/o site admin approval, which is only granted upon a successful shareholder vote. Ok, I can't remeber and will check COGNITIVE in future. There's nothing stopping anyone from acquiring 51% of an asset that's offered for sale on the open market, but a shareholder vote to issue new shares or make any other contractual change can only be initiated by the asset issuer. If you don't feel you can trust any particular asset issuer then the rest is moot, simply don't invest in that person's securities. Cheers. |
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bASIC-Mining was originally set up that way by me last year to avoid requesting the issuance of additional shares if needed in the future. At the time it was not at all unusual to do it that way. Not one share has ever left the asset issuer account without a shareholder vote and majority approval. Not. One. Ever. Not even for a millisecond. This is easily checked by anyone at any time by simply checking the number of shares outstanding.
Originally 5000 shares authorized >>> 10x stock split authorized >>> +1625 authorized for equipment purchase = 51,625 shares outstanding.
Cheers.
Edit: Asset issuers cannot change their contracts on btct.co w/o site admin approval, which is only granted upon a successful shareholder vote.
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Hi SphereScape, way awesome if you guys integrate LTC payment method.
What kind of pricetag do you have on quantities of 7.62x39? Say 1k FMJ rounds?
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Way TMI, but I am very happy for you...and your carpet. Condolences to your pants.
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But that could be a lie. It's almost like you WANT me to go away thinking there's no easter bunny.  |
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I must add two small notes:
1) The true number of employees involved in the process are at least several thousand. You must include all the employees that are involved in FedEx for example (or any other carrier we use to ship different components around), to employees in all the companies in the supply chain, PCB and assembly divisions, Wafer Foundry, etc ... The list goes on and on.
2) The sensitivity in our situation comes from the fact that initial delays were incurred. Long story short, at best we could have added 2 months error margin to the initial timeline given to us (which we did). In order to know what the exact delay is going to be (in any project), you need to know the future. We would've purchased a crystal-ball to let us know in advance.. but the company that makes crystal-balls just went out of business...
Regards,
Nasser
I am sorry to have to correct you, but at best you could have added a 10 month error margin. Then you would be shipping on time, instead of very very late. Other companies manage to use FedEx without being 10 months late. They also manage to make PCBs without being 10 months late. Indeed the list goes on and on. Even at this late juncture, you are still pushing your own failures off onto other companies. If you can't manage to ship things via FedEx, you probably shouldn't be selling things over the internet. We could have added 10 years of error margin as well. But to know the exact number, you need to know the future. Regards, Nasser P.S. The FedEx example was used to demonstrate how little logistic elements can affect an active production line, it was not related to the initial delay in any way. So who's been fired for this massive cluster Mr. CEO? Multiple companies have now designed, sold, built, and shipped ASIC products in the time BFL has been figuring out which end of a soldering gun is which. Who's getting canned? |
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Feeling pretty smug ATM about making that purchase at yesterday's exchange rate. Jist sayin'.
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Having a 100% error-free production line, means around several thousand employees in several different companies must function as precise as atomic clocks do, with absolutely no human-error. Even robots cannot achieve that, let alone humans. We will do our best to make sure a huge number of products get shipped everyday.
Regards,
Nasser With all due respect sir, with your company's unbroken streak of fail it seems unlikely anyone would expect 100% error-free production from BFL. It might be better to set a reasonable timetable for accomplishing something small and going from there. You know something you can build upon. Say firing your toxic COO in two weeks tm or meeting even one deadline...ever. No need to get all OCD about obtaining perfection when I'm sure most would be ecstatic to see BFL rise to the level of barely competent. Baby steps...nobody expects you guys to be able to just haul off and produce gear you sold last year. |
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You need 62.5 chips to get 1TH. On 256GH/s boards (16 chips@16GH/s), that's 4 boards for 1.024TH.
He probably meant you need 4000 boards for 1 PH... Yeah, meant one PH, obviously. If there's 5-6PH online in November and Labcoin effectively gets 50TH online, that's ~0.9% of the total network hashrate, earning around BTC1000 per month. As we already stated, chip documentation isn't ready yet for public distribution.
We will start distribution to third parties when hashing power deployed will meet the goals we have set. This is our top priority right now.
We want to mention that we have received interview requests from several well know parties, CNN and Bloomberg being the most prominent and late progress with our 65nm design lead us to believe we will deploy 200-300 TH within 2013.
Obviously they've offered almost nothing by way of proof thus far, but that can be said about a few companies. |
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...and here's the same chicken(or egg) acknowledging through his actions that he still needs these forums to maintain his supply of fresh victims customers. 3 @ 7.75 https://bitcointalk.org/index.php?topic=284843.0;topicseenI believe that bitcointalk.org administrators would gain instant respect by simply deleting or blocking that bid. Won't happen until Theymos is removed as owner of these forums; not likely to happen any time soon. He's too busy playing Scrooge McDuck swimming in his piles of Bitcoins from all the advertising revenue Butterfly Labs has paid him. He's not going to kill his golden goose. Theymos is just as much of a problem as BFL, as far as these forums and community are concerned. BFL's relevance is dwindling anyway(funny how garbage business practices do that). Josh's foaming at the mouth rants don't garner the same newbie adoration they once did. Knc and others are taking the lead on gobbling up ad space. Theymos can keep his pile of ill gotten gains AND do the right thing. |
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Tryin' ...but there's not enough beer in all the land. Perhaps he could feed himself some roofies? Just sayin'
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Sadly Nasser comes off as the most sensible and reasonable of all the BFL con artists and his post in this thread is still contradictory bs designed to placate.
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back to the thread topic at hand:
I'd have better luck bedding Jody and sweet talking her into bumping my orders than BFL ever ever getting out all orders 4.5 gh, 60 gh, 30 gh and 1500gh by the end of the month.
Bitfury is showing BFL how the game should be played. Egads. It's not worth it bro. |
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Zerlan's rants, demeaning his customers, shows that kind of contempt.
Yifu's statements lately have had the same underpinnings.
Or maybe we just get tired of whiny, entitled little brats screaming and crying for attention. I wonder which is more plausible. Yeah, going to have to say that we should allow to continue with various vendor hate around here until the vendors themselves start behaving in such a way that does not produce feelings of hate due to their own conduct. Chicken, egg, so on and so forth... ...and here's the same chicken(or egg) acknowledging through his actions that he still needs these forums to maintain his supply of fresh victims customers. 3 @ 7.75 https://bitcointalk.org/index.php?topic=284843.0;topicseenI believe that bitcointalk.org administrators would gain instant respect by simply deleting or blocking that bid. |
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...and that ^^^ makes me nervous.
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Ouch. I was planning to wait for the first report prior to investing, but this guy talks mostly perty good! ^^^  |
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I like CoinTerra and generally find them to be credible. I do not like the insanely risky pre-order model that encourages investors to make poor decisions based on murky calculations about future profitability. The pre-order model would die a quick death if people would stop feeding it...then we could get vendors that were willing to shoulder some of the risk themselves.
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