Puppet... till now no one feared the chinese government because of selling shares. btcgarden only closed because of the risks involved with chinese crowdfunding, as far as i know. And friedcat always checked out such potential legal risks to Asicminer. I mean it would be pretty stupid to risk all his income. So if you now start to generally question the legality then why not start at bitcoins? Its still a gray area and governments would have any right to forbid bitcoins. That happened with many regional currencies before often too.
So far i trust friedcat more than your legal advice in a anyway legal gray area.
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I wonder how friedcat is feeling... it surely isnt a happy time for him. Its his income too and i wonder whats the matter with the 500TH. Were it bad decisions or bad luck.
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Looks like i overread that he already got the money. But as far as i read thats nothing he can trust about. Or did Mtgox change his behaviour? It would astonish me since the exchangeprice is still so high. If its really only 2 weeks normally now then i await that the prices are getting a bit closer to other exchanges now.
I dont think its needed to have bitcoins or money on both platforms since he bought bitcoins. They can be withdrawn pretty fast and uploaded fast on mtgox too. The shareprice wont change too much in that timeframe.
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Asicminer is not illegal anymore in china since they paid the investments back.
Yeah because we all know selling unregistered securities is legal when they are profitable and illegal when they are not. Thats what the law says. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2F3%2F3b%2FParis_Tuileries_Garden_Facepalm_statue.jpg&t=663&c=PmDja_qpX-eT0A) Please get your facts straight before claiming to know anything. US-Law is not World-Law. Asicminer was only illegal in china as long as they didnt paid the investment back to the shareholders. They did so now are they legal. And if its illegal to sell shares to US-Citizens doesnt care me either. Iam no US-Citizen so its a legal security. So let me see the try of the USA to threaten a chinese security run by chinese persons. *sigh*
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You surely didnt try to get these $ to your bankaccount. Since you will have to wait weeks, sometimes months at mtgox. Thats why no one is selling bitcoins there. And thats why the bitcoin price there is not real. Arbitrage is a risk with mtgox. At the moment you get the money the bitcoin already could be worth way more.
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Get a clue. *ALL* those bitcoin denominated securities are illegal. Even asicminer. This has been argued and proven ad nauseam in the relevant stock exchange threads. You dont need any kind of investigation to establish that, the fact they were selling unregistered securities to unsophisticated investors makes it a violation of security regulation in just about any civilized country on this planet, regardless of where labcoin is headquartered (if anywhere) and regardless of where the exchange operates from.
Asicminer is not illegal anymore in china since they paid the investments back. I wondered all the time why divs are so similar. Hashing was built slowly over days, it was spiky in the days, had even a day more in between but it was always nearly the same. That strongly looks to me like "made dividends". So this might be one address he paid them from. Though there is the possibility that mining income landed at this address and was paid from there then.
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THX guys for help. It was USB HUB. Aster few hours: BTB 0: 57/ 57C 1348mV | 57.17G/50.32Gh/s | A:109722 R:1306 HW:24 WU:703.2/m Looks like you use an old cgminer version. You might update though im not sure anymore if kano implemented something for better speed of btb.
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Anyway... its nonsense to speak about debt collectors since no shareholder has any legal right to demand money from him. If someone really thinks he could pay underworld thugs this would only be even stupidier. Risking being sued for some bitcoins...
I was right to talk about dumb pussies: here is one. Yes, shareholders have every right to have their money back because the contract isn't respected. What money? My money is elsewhere, not with Sam. So if you are pleased with the pennies that Sam still have so be it. I need more to get my money back.
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What the heck should i do with a small refund? Did you buy at 0.0001BTC and now target for a quick buck? I bought at way more and i prefer that this works. So he should bring out the hundreds of TH. Now, when he actually starts to bring out TH you want to stop him? You cant even wait until we see if that was all?
Anyway... its nonsense to speak about debt collectors since no shareholder has any legal right to demand money from him. If someone really thinks he could pay underworld thugs this would only be even stupidier. Risking being sued for some bitcoins...
I already wrote before what i think about this topic.
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after 20 minutes: [2013-10-22 19:42:46] usb_write error on avalon_write [2013-10-22 19:42:46] usb_write error on avalon_write [2013-10-22 19:42:46] usb_write error on avalon_write [2013-10-22 19:42:46] usb_write error on avalon_write [2013-10-22 19:42:46] usb_write error on avalon_write after cgminer restart: 2013-10-22 19:44:29] avalon detect (1:23) failed to initialise (incorrect device?)
it could be broken usb hub..... invastigating now
my line: --bitburner-voltage 1300 --avalon-options 115200:12:10:28:420 --queue 3 -G --avalon-fan 80
Your USB-Port, you connect the miners with, is powered too low. Try another port or use an active USB-Hub.
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just got my stuff - 6 boards puted it together and connected with 1 usb cabel and a CAN cable What need i do to run them all, just one unit works
Check out these tutorials: http://www.burninmining.com/assembly-instructions-part1/http://www.burninmining.com/assembly-instructions-part-2/OK with my settings I'm getting this: BTB 0: 38C 450 1339mV | 5.624G/4.472Gh/s | A: 25954 R: 322 HW: 54 WU: 62.5/m BTB 1: 57C 450 1371mV | 11.66G/8.966Gh/s | A: 55200 R: 362 HW:145 WU: 125.3/m That seems like a reasonable error rate and hash rate correct? The BTB 0 is the 10 chip and the BTB 1 a 20 chip. Really good result so far... whats your settings? And what pool do you use? --avalon-options 115200:2:10:28:450 --bitburner-voltage 1334 --avalon-temp 30 --queue 4 -G Currently running on BTC Guild. I was using Eligius but for some reason I can't connect to it with cgminer anymore. Thats the settings i used with my old 5 bitburner too since i optimized it to the mV. And i got similar results. And someone i sold bitburners too get the same good results too. I dont see whats the problem. I mean its the same place they are placed, settings are same, cgminer is newer, psu is burnins partly, its rpi, though another rpi, all are flashed to newest firmware... i dont see the difference.
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Will the debt collected go to shareholders or just nine lives and his tough guy friends?
nine lives? To the debt collectors only of course... depending on how underworld they are...
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I think investigators are too early. In the last days he brought up some TH. Even if its late its what we wanted. Now i personally give him some time to bring up above 100TH. Because then i would be relatively convinced that this is not a scam. So for the moment i see a light.
Though of course i would pay private investigators when nothing happens for, lets say another 2 weeks. If he only brings online 10 more TH. That would look too suspicious.
Private Investigators for me wouldnt mean that i want to smash him. I want to see whats going on and i would send paid eyes to look for me. Im pretty sure Sam is only a poor try to protect the real identity, though thats not what iam interested in. I want to know if there are chips, if they are really labcoin chips and if they mine now. If there are only a couple KNC miners then i will sue him or whatever is needed. Since then he made me invest with wrong details. If there are Chips i want answers that he obviously isnt giving now. I guess in person he will speak. (No threat intended.)
Pushing him now seems not the best moment for me. He should show the growing TH. When he has to fear that russian thugs will beat him to bulk because someone wants his investment back then it wouldnt matter much if there really are chips. That would be contraproductive.
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OK with my settings I'm getting this: BTB 0: 38C 450 1339mV | 5.624G/4.472Gh/s | A: 25954 R: 322 HW: 54 WU: 62.5/m BTB 1: 57C 450 1371mV | 11.66G/8.966Gh/s | A: 55200 R: 362 HW:145 WU: 125.3/m That seems like a reasonable error rate and hash rate correct? The BTB 0 is the 10 chip and the BTB 1 a 20 chip. Really good result so far... whats your settings? And what pool do you use? Why donīt you use the --avalon-auto ? So you donīt have to look the whole day at your bitburners. cgminer runs every cluster at the optimum.
I tried that with my old bitburners once and the result was far from perfect. Ill give it a try again.
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I really dont see a reason do disclose info. If Ken would have a revolutionary design and info about that could lead to others get an idea of what he does then yes. But its not like this. It looks like Ken thinks it would matter when he is posting that he will deploy in the next week or something. It wouldnt matter at all. Except for the shareprice. Other companies dont care what ActiveMining is doing. They only have one plan. Being fast, mining fast, selling fast. They will not become faster because Ken is telling them he will have a tiny fraction of TH in the next weeks. Nothing will happen from informing shareholders.
So no, i dont have a clue what this is about.
Someone mentioned that Ken already told things and was slapped because of NDA? What did he say and what slap is meant or is this wrong?
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Wheres the latest depression comes from? The last time everyone was hyped because ActiveMining was mentioned in BBC or similar and now all is bad again? What news support this?
Sometimes some labcoin and activemining trader looks to me like manic depressives, changing from deep depressions to high euphorica and back to start again...
Everytime the difficulty increases by 30% - 40% many of us freak out. We are being left far behind with no reassurance that we are on track, Ken has not even ordered the first batch yet. Right... its no fun to see.
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Wheres the latest depression comes from? The last time everyone was hyped because ActiveMining was mentioned in BBC or similar and now all is bad again? What news support this?
Sometimes some labcoin and activemining trader looks to me like manic depressives, changing from deep depressions to high euphorica and back to start again...
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I've initiated an investigation through some tough contacts of mine. They understand allot of money is at stake and know they also can collect allot of this from Sam / Fab / Tatt as "compensation and to cover their fees". This is going to cost me $$$ too but I don't care. I'm not being taken for a ride. I will not post my findings until someone is in-front of these thieves (Sam / Fab / Tatti). I've caught up to fraudsters before and I will do it again. I've had enough and lost too much to sit back and watch. I will not be ignored.
Stay tuned.
So you hired private investigators and you want them to take their charge from labcoins bitcoins? So... our bitcoins? What did you tell them? Im not sure i can believe this. So they are debt collectors... either you chose some of the underworld or you lied to them since i dont see what debt labcoin has against you. Chosing underworld guys probably is stupid since its open that you get the money at the end. Whatever... i think you only wrote this to threaten labcoin. I doubt this will have a positive effect.
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So I've been mulling over a few things.
First, what to do with the Fee reserves:
I think this one is easy. Post shutdown I will update the site's bitcoind to the latest version which has lower fees. At that point there will be no need for the security patches we normally were running with, so it will take less time to do the upgrade. Then I will script a payout down to a reserve of 0.0005. This is 5 x 0.0001, thus most people with a reserve at 0.0025 or 0.002 would get 0.002 or 0.0015 respectively in the final scripted withdrawal.
I WILL NOT PROCESS THIS FINAL WITHDRAWAL UNTIL AFTER THE SITE HAS GONE DARK. This is because until then, divs may still come in and thus fees may still be getting generated on withdrawals.
Second, and a little harder... what to do with the deposits that do not get withdrawn before the site shutdown:
In a perfect world I'd like to hold the deposits 6-12 months so that people could continue to make claims and withdraw their forgotten coins. I do not believe I am going to be allowed that luxury. Thus, despite the risks, I suspect I am going to have to process refunds back to the address of a user's last successful withdrawal. I know this is not ideal. Some portion of the withdrawals are going to go to addresses that are no longer used, or are on sites no longer in service... Can anyone think of a better alternative?
Cheers.
Only mentioning... the network only enforces a min-fee of 0.0001 BTC as the smallest fee for a transaction.
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Im a bit puzzled now. I host some miners for another user. 3 bbxx + 1 bbx in one stack. It runs at 26.5GH/s, thats 7.57GH/s for one bbxx. Not much. I previously had 5 miners and they ran at 43.75GH/s, which is 8.75GH/s per bbxx.
Now i got 10 more miners that run in another stack. Its 10 bbxx. And they only run at 64GH/s. Thats 6.4GH/s per bbxx only.
I dont know whats wrong. All run in one cgminer-instance, so two miners are recognized. All miner are blinking with all colors.
I ran my old 5 bbxx, that i dont have anymore, at the following settings:
--avalon-options 115200:10:10:28:450 --bitburner-voltage 1334 --avalon-temp 30 --queue 6
I ran the 3.5 bb at
--avalon-options 115200:8:10:28:450 --bitburner-voltage 1334 --avalon-temp 30 --queue 6
and the 13.5 now at
--avalon-options 115200:28:10:28:450 --bitburner-voltage 1334 --avalon-temp 30 --queue 6
I found that the second value in options should not be too low, but it doesnt matter if its too high. Since i dont know exactly how to setup for 2 stacking towers i simply used 28.
But i dont really get whats the problem. Why should my old miners run faster and the newer ones slower? queue 10 didnt change anything too. HW is under 1%.
7.5 miners are powered with a psu from burnin, the other 6 with an Seasonic Platinum SS-1000XP. The workload of the raspi is at 7%. Could it be differences in pools used? I used bitparking.com with my own miners and now bitminter.com is used. All boards are on firmware 1.0.2.
Do i really have to start testing and tweaking everything from the start because every setup needs its own settings? I mean it cant be normal that 10 miners only bring 73% of the hashrate of 5 miners got before.
cgminer didnt change in an unfortunate way right? 1334mV and 450MHz i used before can be used now too. In older cgminer-versions i had to manually edit cgminer sourcecode.
Someone knows?
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