I don't remember if this was posted yet, in this thread or another, but there is this: " The Consumer Risk of Bitcoins, The Senate’s Committee for Homeland Security sent a letter to Secretary Janet Napolitano on Monday urging a probe into the oversight of the flourishing digital-based currency market." http://www.foxbusiness.com/personal-finance/2013/08/14/consumer-risk-bitcoins/Homeland Security! We're all terrorists now. |
|
|
|
I hope you did not send that. It appears to have been written by a crazy person.
Oh sent indeed! I think it's great! |
|
|
|
kncminers update:
Um. thanks?  good, Does anyone know the measurements of the case ? Only KNC really knows. Judging by the hand print on the right case, I'd say about 18"x24". That's 46X61cm for you metric werdos  |
|
|
|
|
Okay, hahaha! I understand my letter will do nothing. But what if millions of Americans sent him similar letters? What if we flood his office with calls? I did send it to him. I signed it with my name, address, ph# and all. I was so disgusted with his subpoenas, I had to vent. How many of you are calling and writing him? How many of you are voicing your opinions to the powers that be? I call my congressman/senators all the time. If you don't stand up to the aggressors, you will be aggressed. It's like the bully at the playground. Let them know you won't take it.
|
|
|
|
And what was the point of that?
I sent that to them. You don't like it? |
|
|
|
My letter to Benjamin Lawsky. Sent to him here. Dear Mr. Benjamin Lawsky, In regards to Bitcoin. What you're doing is tyrannical. Lawmakers today act more like the wild wild west with their overregulation and dictating then any businessman. American's want to be free. The one thing that will make them free is Bitcoin. Currently, we are not truly free because of our centrally controlled currency aka Federal Reserve Bank. Regulating Bitcoin will not help Bitcoin and other cryptocurrencies. Regulations will do quite the opposite, as they always do. By regulating Bitcoin, you are creating criminals. When an action is deemed "illegal," criminals are created, therefore freedom and liberty is lost. Bitcoin is great because it is not regulated. Recent regulations on U.S. citizen banking practices have isolated us from the world. Most foreign banks will not accept U.S. customers for the simple reason, they don't want to comply with U.S. regulations. Bitcoin solves this. Many countries are embracing Bitcoin with no regulations, i.e. Germany, India, Kenya, etc etc. Bitcoin is global. You cannot stop it. They only way to stop it is to shut down the internet forever. Not gonna happen. You could temporarily halt it with an EMP or nuclear bomb, I doubt you'll do that. If you regulate bitcoin in the United States and hamper it's legitimate use, you will play an active role in the downfall of the United States. Bitcoin is meant to liberate the world. The rest of the world is embracing Bitcoin because they know the U.S. will regulate it. They know our government will try and stop it. They know we will suffer for this regulation of Bitcoin. They know it is freedom. China is embracing Bitcoin because they know the U.S. will try and stop it. Bitcoin will cure poverty all around the world. People are free when they are free to communicate and trade with one another regardless of borders or culture. Iranians use Bitcoins with impunity through CoinAva. People are resilient and creative, in good ways and bad. If you try to stop/regulate Bitcoin, people will find ways around your proposed regulations. Instead of creating new products and helping each other they will waste their time avoiding you. They will hurt other people trying to avoid you. That's what happens when government regulates an industry. They will still use Bitcoin no matter what you do. American Bitcoin entrepreneurs will expatriate the United States. They will flee to a more Bitcoin free country and create jobs/products there. America will suffer. You are not helping. You are the problem. Big banks and big government are the problem. Have you ever read the book, "Atlas Shrugged?" Bitcoin is John Galt. GET OUT OF THE WAY! -J |
|
|
|
There was some talk at one point about them testing/burning in your equipment using your own pool information - I don't know if that still holds true or not.
But like Bitpop says, if you're having it shipped to you, then just reconfigure it when you receive it. I don't expect it will be very complicated.
OMG! It better come with instructions, haha! If I was able to get those little USB's going on cgminer, I should be good here.....I hope. |
|
|
|
Do also note, that KNC's devices are not targeted towards final customers, but are for business customers. See Section 1.2, so Warranty might be a difficult issue.
BINGO, these are not sold as consumer products. The business spiel is some European thing. US customers need not worry. |
|
|
|
|
I lost my URL and had 8 BTC in my account. I emailed them and with play detail and other verification they refunded my 8 BTC. Very well played! Thank you!!
-J
|
|
|
|
I love how this thread turned into a Miss Sweden contest.Still no news about power supply, though.
Yep, I'm anxiously waiting on that too.Is the Sept. delivery change to Oct. for early buyers?
If you pre-ordered, it's supposed to be September delivery. If you order now, it's supposed to be some time in October. September yes. But better expect 25. of september and not 10. of september imo.
|
|
|
|
The cost is $52.55 USD per Gh @ $100/Btc. A KNC Jupiter costs $17.83 per Gh and counting since KNC announced they may overshoot 400Gh. It still does not make sense to buy these, not unless they're <0.06 BTC each. imho
Serious question, I haven't researched the KNC Jupiter devices at all.. Are you able to order one today, and have it delivered within a week? Nope. If you order today it won't "ship" until Oct. So you may not get it until Nov. Then why would you expect the GH/$ to be roughly the same? Your initial comment completely leaves out one of the largest factors in hardware pricing - time. A good example - a 400GH/s bitfury miner was almost $20k for August delivery. The same exact product with an October delivery date is $8k. You're right. I'm just saying, if people want to spend tons of money on these little things, they might as well go all out. |
|
|
|
The cost is $52.55 USD per Gh @ $100/Btc. A KNC Jupiter costs $17.83 per Gh and counting since KNC announced they may overshoot 400Gh. It still does not make sense to buy these, not unless they're <0.06 BTC each. imho
Serious question, I haven't researched the KNC Jupiter devices at all.. Are you able to order one today, and have it delivered within a week? Nope. If you order today it won't "ship" until Oct. So you may not get it until Nov. |
|
|
|
|
The cost is $52.55 USD per Gh @ $100/Btc. A KNC Jupiter costs $17.83 per Gh and counting since KNC announced they may overshoot 400Gh. It still does not make sense to buy these, not unless they're <0.06 BTC each. imho
|
|
|
|
|
Any news on power supply yet? Specific products?
|
|
|
|
|
So, what if you're part of the KNC Sept Jupiter club? And the KNC Oct. Jupiter Club? Any luck there?
|
|
|
|
I got paid 0.106 BTC today with my 5Gh indefinite contract. So according to this payment at current BTC price, it'll take me 3.5 years for ROI. Yeah! They stated in an email: "You will also be glad to know that as a sign of good will, for this week we have waived the 10% maintenance fee and reinvestment (RRP). Expect the bi-weekly payout to increase rapidly as our network continues to expand over the next couple of weeks."So shouldn't I have received ~0.94 BTC for a 2 week mining period? That is if they waived the fees. Even if I pool mined with a 7.5% fee, that would be 0.87 BTC. Maybe they can't pay out this true payment because they don't have enough hashing power yet. It's all so experimental. I'm a guinea pig on a wheel. They're mining here: https://bitminter.com/livestats/toplistYou do know that due to BFL delays that payout represents 10 percent of your full mining capacity. Next payout should be about 25 percent of full capacity as we add more hashing power. Always give full context. Thanks I didn't know that. 10% capacity makes sense. I did mention above that maybe you don't have the capacity yet. In so many words, I was right. We're all trying to figure out how this all works. At least we finally got paid. Kudos!! |
|
|
|
I got paid 0.106 BTC today with my 5Gh indefinite contract. So according to this payment at current BTC price, it'll take me 3.5 years for ROI. Yeah! They stated in an email: "You will also be glad to know that as a sign of good will, for this week we have waived the 10% maintenance fee and reinvestment (RRP). Expect the bi-weekly payout to increase rapidly as our network continues to expand over the next couple of weeks."So shouldn't I have received ~0.94 BTC for a 2 week mining period? That is if they waived the fees. Even if I pool mined with a 7.5% fee, that would be 0.87 BTC. Maybe they can't pay out this true payment because they don't have enough hashing power yet. It's all so experimental. I'm a guinea pig on a wheel. They're mining here: https://bitminter.com/livestats/toplist |
|
|
|
Can anyone who has purchased a cloudhashing contract comment on the effectiveness? Are you receiving the hash rate you paid for? Any other pros/cons?
Nope, nothing yet. Their website UI is really bad too. And they often don't listen very well when opening a problem ticket. Although they've always eventually fixed my tickets. I just have to go back and forth a bunch of times before they understand the problem. I have one pending right now. |
|
|
|
|
Yeah, but the really funny yet awesome thing about all of this is THEY CAN'T BAN BITCOIN.
Unless they shut down the internet forever. LMAO!
|
|
|
|
Did you even read that? Quote the text where he talks about the thai corts saying btc is illegal. Anyone who thinks btc is illigal in thailand is ignorant. Yeah I read it dude. I'm just posting a blogger's opinion. We'll see how this plays out. |
|
|
|
|
Show Posts
