Yeah, 'Restoration Hardware' is probably not for you.  However, I guess technically speaking you'd meet the strict definition of 'restoration' if you are taking 10 quid junk off your friends and reusing it.  Restoration Hardware has a different gig going on though.  

I am here to tell you, Robocoin ATM rocks.  I took a few mining bitcoins to my local Robocoin.  Holy crap, when I saw those hundreds pop out I was impressed.  I recommend you try one today.

This is bullshit.  They still mine.  But they take the proceeds of that mining and resell it for their benefit.  That is mining.  They are totally outside the scope of their statement.  It is an outrage.  

KnC has now removed the 5% promise from their FAQ page.  I guess they think this means the promise no longer applies?  Did their promise to not mine more than 5% somehow get revoked?  What if we as customers/suckers believed they would hold to this promise and we relied upon that assurance when we made our decision to purchase their mining gear?  They think it is OK to go back on that promise now?

I think they are going to be on display at Inside Bitcoins in Las Vegas

"The Citi analysis points to the increased sophistication and cost of mining as a major driver for growth in bitcoin supply"

They don't even try to figure things out.  This reporter should be fired and sent straight to McDonalds for a long career in burger flipping.

http://www.coindesk.com/citi-miners-merchants-keeping-bitcoin-prices-check/

I think the Neptune is more efficient isn't it? 

It seems to me they are likely exceeding this.  Can you think of a way to show that they are doing more than 5% of what they sold?

Where did KnC ever say they'd only mine 5% of the equipment they sold?  Did they really say this?  I can't see anything which says that/

We are actually not using Bitcoin 1.0 yet.  We are still in Beta.  Actually, 0.9.2.1  So if you must be a fucking pedant - then go with that definition.  However, to nearly everyone else 'Bitcoin 2.0' simply refers to the general area of an extended Bitcoin.  

WTF do you think 'Web 2.0' means?  Why don't you Google that to learn what the common meaning of the '2.0' extension is?  

Your very strict definition is just plain dumb.  

Everyone except you understands what 'Web 2.0' and 'Bitcoin 2.0' is intended to mean.  

Maybe we should start calling it: "Bitcoin Plus"

...by your definition which reigns supreme over all others?  Please tell us when we can call something bitcoin 2.0 according to your definition.  

By other peoples definition, colored coins, Mastercoin, Counterparty, et cetera, which are not new coins, but rather extensions of the standard bitcoin protocol to enable new interesting functionality - is Bitcoin 2.0.  

But somehow BurtW wants to tell everyone what they can and can't call things.  Burt the head arbiter of the dictionary.  WTF?

Bitcoin 2.0 is a very interesting new space.  It will be quite popular in about 1 more year.


Well, the very beginning of this started with JR Willet's white paper.  Maybe you should start there. 

It is remarkable how few people understand what Bitcoin 2.0 is.  It doesn't replace Bitcoin at all.  For example, Mastercoin merely extends the functionality of Bitcoin.  Bitcoin blockchain, bitcoin mining, it is still bitcoin.  It is just bitcoin with some added features. 

All altcoins can burn in hell.  Pure garbage.  Litecoin, Dogecoin = dumb as hell. 

Bitcoin is the only coin.  But Mastercoin is Bitcoin on steroids and is nothing like an Alt coin. 

Maybe if the admins didn't try to suppress this, more people would understand what bitcoin 2.0. is.

'weird'?  Its not weird.  Buy low, sell high.  Everyone knows that.  JR is just a lot smarter than you.  

Don't worry, next year you'll be complaining about how you weren't able to buy at .01 because mean ol' JR was hogging up all the MSC in his repurchase.  You don't think we've seen your type before?  Cry, cry, cry.  

Just go by some cheap MSC, hold them, and STFU.  Stop crying.

Bitcoin 2.0 is quite different from 'altcoins'. Shouldn't this forum have a category 'Bitcoin 2.0' for all those projects?  It is VERY hard to find posts related to the Bitcoin 2.0 concept as they forever lost in the trash that is 'Altcoins'.  What gives? 

C'mon Theymos - organize the site in a way which is most useful to the readers.  Maybe the management here has something against Bitcoin 2.0 world?  Weird.

I really like this.  Why don't we have a counter: 124/1200 out the door on 08/15/14


We all appreciate this thanks.  However, that doesn't preclude them from publishing some estimations about where they are and where they expect to be at the end of the week.  We are trying to make serious plans which are contingent upon these arriving.  Open ended: after Aug 15th really screws our ability to operate with efficiency.  ST knows when that group buy will begin to ship and approximately how many units per week are possible.  Thus, they could be giving some pretty good guesses now as to where we all are.

Silence is KnC's trademark.  ST doesn't need to use their playbook.

Let have some progress reports - even if they are not 100%

Our margins are REALLY thin.  In part this is due to a reduced hash rate.  Careful planning is essential to squeeze out a tiny profit.  I'll miss this tiny profit if I don't have the information which ST clearly knows.  Why can't they just give us a better update on where we are and where we expect to be at the end of the next week?  I'll end up paying an extra month rent if I don't get this right.

Five days - no posts in this forum.  I guess the management wants to let MSC community drift away for good.  Weird.

They are still targeting late 2014 for release of the SP30.  Give them some space to work.  We can start talking about gen 3 after gen 2 is released in earnest.

My S3s are steady state - but not so high as yours.  Did you change the clock?  I am running stock so far.  I average about 440.  The only time they didn't perform well is during a power outage in our building.  They totally suck during those situations.

I read on here after August 11th.  But then again, August 15th is after August 11th.  In fact nearly every possible shipping day is after August 15th so that is a safe bet.  

Meanwhile, here is an SP30 working away at 4.4TH (his little brother SP10 is also on the same address). http://eligius.st/~wizkid057/newstats/userstats.php/1PHoAANpMqnFU76BLNu8EgXVUTKF5X1zXh

This simply isn't the advertised (after adjustment) 4.5TH.  WTF?  Is spondoolies trying to lower the rate still further?  6.5Th -> 6.0TH -> 5.5TH -> 4.5Th -> 4.0TH.  Where does this stop?

4 is about 60% of 6.5.  That sucks tremendously.  That is not a simple engineering estimation error.  That is a major defect. 

The equipment hashes 25% less than expected, consumes 30% more than expected, promised units not yet delivered - what to do next?  ...go on a 3 day vacation! 

I wouldn't advertise that.  People waiting are going crazy while the lead guy sits on the beach blowing dope and drinking vodka.