Yes, when the sun isn't shining at your house, maybe it's shining on another house nearby.

That's completely irrelevant. Bitcoin mining is completely different from data center operation. In Bitcoin mining, there's very little data traffic, either within the data center or to the outside world. All those key-testers have nothing to communicate except when they're being loaded or when they get a hit. Real data center operation is dominated by network issues.

Also, in Bitcoin mining, the hardware is profitable for maybe 6 months.

The people who stole them, almost certainly with inside cooperation, need to be found.

Any living situation where you get "free electric power" won't let you draw enough power to make any real money. Dorm room, parents' basement, military housing - forget it.

We don't want to "sign up for your webinar". We don't want to "preorder". We don't want to fund you. If you want to sell mining gear, build some units and send them out to reviewers. Then ship product immediately when ordered, like every other electronics product sold on line.

Everybody has had it with wannabe mining machine builders. STFU until you can ship.

As for the original post, scam.

It's one of those "flexible funding" Indiegogo projects, which means "even if we don't get funded, we keep your money".

This guy has no new info, no numbers, and no clue.

No, their domain "bitcoin.com" is not one of their biggest assets.  That's worth maybe $750K.  They owe what, $600M. Besides, Roger Ver seems to personally own "bitcoin.com".

He has nothing to say about the relationship between Karpeles, Tibanne, and Mt. Gox. Tibanne (which is still active) seems to have most of the non-financial assets.

The basic problem with Bitcoin arbitrage is that you need at least two non-flaky exchanges.  Ones where, when you tell them to wire transfer money out, they do so, immediately, every time.

It's just a selfie. Lost me at "Hi, in this video I'll be talking about..."

Fears of tough action by Beijing following allegation BOC launders money.

This isn't specifically about Bitcoin, but it's a strong indication that China is not going to loosen exchange controls. It's going to tighten them. "Hurun Report's survey of China's richest people, the percentage of super-rich individuals wanting to emigrate, or who had already done so, hit 64 per cent this year, up from 60 per cent last year." The government of China is determined to keep their super-rich from taking their money with them when they leave.

This has mixed implications for Bitcoin. Legal Bitcoin operations in China are less likely, while illegal ones are more likely.

Does the "white label" exchange service carry errors and omissions coverage, and bonding insurance on their employees?

Who indemnifies whom?

This is a big issue. When an exchange goes under (which happens more than half the time), who pays?

MLM is mostly a scam. Most Bitcoin businesses are scams. It's a match made in Hell!

No.  E = (T1-T2) / T2

Nah. There's a Bitcoin ATM at Hacker Dojo in Mountain View.  15% buy/sell spread, 5% fee. Makes Western Union Money Transfer look cheap.

Someone should set up a museum of Bitcoin mining hardware. (An online museum would be a good start.) For each unit, show the date introduced, the hash rate, the cost, the profitability, and the date the unit became unprofitable.

It would be cool to have them all in a row - desktop PC, graphics cards, FPGA boards, USB stick devices, the first ASIC-based cards, water cooled racks of ASICs ...

Whatever happened with that "Bitcoin store" that was supposed to open in New York City?

"Bitcoin hash rate will go to the moon!"

They ought to be profitable, yet over half have failed.

And where did it go? That's the big question. It didn't disappear by itself. Someone has the money (especially the bank deposits).

In Japan, most of the mobile phone service providers, such as DoCoMo, are also payment processors, registered under the Payment Services Act. Mobile payments work just fine in Japan. No need for Bitcoin.

True. The whole Mt. Gox thing looks like a combination of ineptitude and crookedness, not some grand plan. Mt. Gox had a good moneymaker, and Karpeles blew it through a number of dumb moves, then tried to cheat out of the mess. (That's not unusual in business history. Enron, for example.) The Sunlot crowd just looks like opportunists. The recovery effort is getting nowhere because nobody competent is pushing forward in the courts in Japan.

Courts in common-law countries are purely reactive - they do nothing unless someone brings a case to them. You have to do all the work to move the case forward.

For over half a billion dollars? No way. The people who lost money in Mt. Gox need to get organized, and they need to be active in the Tokyo courts.

The trouble is that the people trying to organize them have either been ineffective ("mtgoxrecovery.com" and the solicitor in the UK) or involved with the people behind Mt. Gox (Sunlot).