Yeah. At the same time, though I think LC could use a board to oversee what's going on. And also offer assistance and in terms of how to manage things.
One of the reasons why the share price is in so much trouble is the rising difficulty. If this was a year ago, it wouldn't be much of a problem if they got delayed by a month or so. ASICMiner had issues as well. B1 Avalons were delayed a month or two, but their owners are still pretty happy.
The problem now is that with KnC, Cointerra, and the like there's not much room for error, before bitcoin mining becomes unprofitable.
The difficulty is not such a big problem here because this is not a normal mining security. This is a security that owns an asic design. That means they can create miner at cost. Thats fundamentally different to securities that have to buy miner for nearly enduser prices. Those last securities arent much better than when you buy hardware yourself. And you know it wont be a big success. But securities like labcoin can create the miners at cost and on top they will grow the mine. So the difficulty isnt a big problem. I admit... i invested in 2 other normal mining projects, that dont own their own design, in the hope that the previous patterns of other mining securities are repeated. They went up and then slowly dropped. But since all the panic is going on in all mining securities now this wont work anymore. My bad. But companies like labcoin, that own their own asic design, are different. Regarding the scam claims... they didnt run with the money because they wanted to earn more later? How that? I mean they still have 2million shares. Where is the sense when this would be planned as a scam? It would have been so easy to fake a miner. I could do this myself. Then when the shareprice is rising sell the 2 million shares. Easy as pie. Instead they post unfortunate news and know that it makes the price drop. So they are bagholding scammers? Really? If this is a scam then its a scam done exceptionally bad. I guess it could be a scam and they just fucked up in typical Labcoin fashion.  I got that thought too...  but then i think... every kid could have made such a scam a success. The difference to scams like pirateat40 is that pirate was still earn more than he paid out all the time. When this started to change he stopped paying out. With such a security that wouldnt make much sense. The IPO-Money would be what counts. Everything above that would be to pump the shareprice high so one could sell the shares the security issuer owns. It looks like that didnt happen. And they did exceptionally bad to push the shareprice. I mean they knew exactly when they will post bad news. They posted it and still have their shares. It would be the best time to sell them before. Or even fake a miner hardware and fake a cgminer screen output. Easily doable. Instead they post more and more bad news while bagholding their own shares. That means they either believe in the divs of the project or, if still seeing a scam, they want cheap shares. But even then... they could post news looking way worse. Or not speaking at all. Then the shareprice would be even way lower. They could buy shares with a sockpuppet account since they know it will succeed. So either way i look at it... it doesnt make much sense as a scam. |
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It seems to work now. apt-get was missed before i think. It looks now like it will work...
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Yeah. At the same time, though I think LC could use a board to oversee what's going on. And also offer assistance and in terms of how to manage things.
One of the reasons why the share price is in so much trouble is the rising difficulty. If this was a year ago, it wouldn't be much of a problem if they got delayed by a month or so. ASICMiner had issues as well. B1 Avalons were delayed a month or two, but their owners are still pretty happy.
The problem now is that with KnC, Cointerra, and the like there's not much room for error, before bitcoin mining becomes unprofitable.
The difficulty is not such a big problem here because this is not a normal mining security. This is a security that owns an asic design. That means they can create miner at cost. Thats fundamentally different to securities that have to buy miner for nearly enduser prices. Those last securities arent much better than when you buy hardware yourself. And you know it wont be a big success. But securities like labcoin can create the miners at cost and on top they will grow the mine. So the difficulty isnt a big problem. I admit... i invested in 2 other normal mining projects, that dont own their own design, in the hope that the previous patterns of other mining securities are repeated. They went up and then slowly dropped. But since all the panic is going on in all mining securities now this wont work anymore. My bad. But companies like labcoin, that own their own asic design, are different. Regarding the scam claims... they didnt run with the money because they wanted to earn more later? How that? I mean they still have 2million shares. Where is the sense when this would be planned as a scam? It would have been so easy to fake a miner. I could do this myself. Then when the shareprice is rising sell the 2 million shares. Easy as pie. Instead they post unfortunate news and know that it makes the price drop. So they are bagholding scammers? Really? If this is a scam then its a scam done exceptionally bad. |
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I am amazed with the number of electrolyte capacitor. Guess that's why HEX16 overclock ability more high.
It can be overclocked higher than bitburner because the power supply on the board only needs to provide power to 16 instead 20 chips. The bitburners get at a wall there... |
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I really hope it will move beyond 200TH at the end... dreaming still allowed isnt it?
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Outsourcing sounds like a sane decision. If one cant do it alone he should let others, with more knowledge, do it. Sometimes admitting that you dont know further is a hard thing. So i see this as a good sign.
Anyway... keeping aside all this emotions, the fear and talk... i still see a company that has slight results, problems with hardware and time problems. As if this is something new for asic companies...
Besides that i did not find a real reason that this is would be a scam. And it doesnt make sense anyway to move this on after you already got all the money from IPO.
Whatever... the price is low enough to buy in. Panic is not a real indicator for the worth of future divs. And im only interested in divs. With this shareprice the relation between potential reward and total loss is good.
Some people should keep the saying "never trade on emotions" in mind. Thats prone to errors. And i fall for it often enough. Saying that... its still possible to lose everything... but what i see doesnt look to me like something that justifies crashing the price.
At the end its a gamble like every investment... and the lots are cheap now.
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What were the steps for compiling cgminer on rpi again? I searched everywhere, even in kano's latest posts but his post where he explained it to me seems to not exist anymore unfortunately. It was something like git clone https://github.com/ckolivas/cgminer.gitcd cgminer ./autogen.sh --enable-avalon But at this step it gets already error message that it misses something in autogen. Autoconf missing and so on. So i dont reach the make-command. |
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Works for me. I see Labcoin page...
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I invested in a chunk of securities too and lost not a small amount because of the panic of the last days. But i think its stupid how people behave at the moment. A lack of information and trouble with bringing up hashpower leads to crashing stocks? As if it wouldnt be a normal thing for mining companies.
I checked out the persons behind again, wrote with others that know them and i did not get the impression of scams. In fact i buy in for cheap now since im not interested in the shareprice but in the divs later.
Of course there is a risk involved but i will rate the things with clean mind. And i think people are exaggerating momentarely. In my opinion... if at least a part of the securities succeed it doesnt matter much when others fail 100%. Of course that only applies to a couple of securities.
I think you should reconsider the securities you own. Do you have the impression they are honest or not, does it look like they can do what they want or not. Depending on that sell or keep. And if you lost already most of the bitcoins anyway i would tend more to keeping then anyway. It doesnt make much sense to go out with a small amount of bitcoins. Instead i would see these bitcoins as a bid in a gamble if this security succeeds. The decision is between having a small rest in the pocket or taking the risk to lose the rest with the chance to get your spent money, maybe more, back.
Its a gamble of some kind anyway. But its better than a gamble since you can check out the chances before.
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Today i got a packet from burnin for 5 bitburner that i host for a member for a couple weeks until he moved. So i can tell you that he is shipping. The miner were packaged even better than my first delivery. It will be hard to crash them on shipping.
@burnin... i saw you use online labelling... i normally do this so too but last time the postwoman asked me if i wouldnt pay the shipping at the post station because they have to solve a certain amount of sold value to keep the number of employments. With too less value they lose employments. So i think for the future i will only print out the full labels and pay there. The line in post office is way too long all the time anyway... Only for consideration since you have to bring the packets there anyway.
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Ok... that means you get the 5 miners that i already have. So i can ship them to you as soon as i got the payment. The 5 miners would cost 10.8 BTC. If you want shipment then check the shipping cost here: https://docs.google.com/spreadsheet/ccc?key=0Av541xvZaoVidF9QRkFrMTNDUDBnMmdhakVGd09KMXc#gid=1Check the second tab (on bottom of form) see the column for option B (DHL Packet) and see the bitcoin price in the middle. Thats the shipping cost. You can pay the total price to: 1HtkjEPpPFV5U7NSrBE6tethBr9ZZBvVrk I will send you a around 1m long stackingcable with the needed 6 10-pin-connectors too so that they can run on one micro-usb-cable. Thanks! That should mean the backward auction is closed now. Thanks to all participants! |
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i dont think losing the shipping contractor was the best move.
Not everyone can afford to lose EUR 20,000 and still continue to spend money. Sound like burnin is doing what is necessary to stay in business. roy I dont know what such shipment provider would cost but when i imagine burnin packaging hundreds! of boards alone and manually... he has to buy all the packaging, bubblefoil, packets and so on. He has to bring it to post station and buy the shipping labels too. I doubt a bit that the shipment provider would be so pricey when the actual price for the postage and package material is taken out. But i imagine on the other hand that this will mean an immense work to do which most probably cant be done fast. I only think that the shipment provider can work cheaper than burnin putting his time into this. I might be wrong at this point of course since i dont have a clue what such shipping contractor takes.. |
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The NSA doesn't even care and would waste their time and resources targeting Bitcoin itself.
Bitcoin is good to help concealing one's small addictions (e.g. porn, gambling, pot - consuming is decriminalized where I live) from family, but only an idiot would use it for large scale criminal activity.
Thats the point again where i have to think about silkroad. Bitcoins seems to be presented nearly as "the currency" for such things. While in fact its not really good for this the question comes up if it wouldnt be in the best interest of agencies when bitcoin has the nimbus of anonymous currency, while in fact they can observe easily. They most probably can find dealers and what more easier than with policemens searching for strange cash-transactions. I think bitcoin is in the best interest of such agencies and i believe that might be part of the reason why governments dont fight bitcoins and instead legalize it. They werent so friendly with money issued from someone different than states before. They forbid it simply. So bitcoin has to be different for them. |
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The buyer told me that he wants the 6 new miners i will get. So the 5 miners i already have are still available...
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The client does not appear in the windows?
Can anyone have?
Only way is to use VirtualBox on Windows and install a linux in there. Then install the wallet in that linux. Thats what i did. |
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The ASIC arms race is making it harder and harder from some rich entity to corner the market.
But not for governments, which can monopolise access to ASIC mining hardware if they want to. They can't realistically do that with general purpose CPUs, or with widely available GPUs or even FPGAs. Similar to what i thought too. But lets pretend the NSA would buy the biggest ASIC-Companies or build their own asic and create so much asics that they rule bitcoin (while pretending its different companies, so that no one feard >50% attacks), why should they do it? I first thought they could do the same like they did with the internet infrastructure (sort of) but would it be rewarding for bitcoins? They already know where the bitcoins flow, they have the best tools to find out who owns what address too, so owning the network hashrate only would be of use when you want to crash bitcoin, if im right. And would they spend money on that? |
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Burnin got the info from his assembler that it will go faster. He cant change it when the assembler decides that he has to do maintenance now, so that fewer machine-time is ready for burnin. The 20000€ are the loss till now. I see that it doesnt make much sense to now get a second assembler for a couple of boards since that only leads to even more loss. Once a placement machine is set up and runs its not so expensive, the more expensive part seems to be setting it up for a board design. So in light of people being loud to get 100% refund, and 50% already is a harder beat than he though (read... revenue from bitfury goes into bitburner refund), i did not await that he will collect the next thousands of debt. As far as i understand burnin did get the info from the assembler he depended on and now the assembler is doing maintenance without informing burnin before. So the placement machines are available not often. I dont see a solution there. He only can wait until its done. Getting a place in another assembler company would mean waiting another 2 weeks only to get the place. It will be faster with the current assembler. At least that is my interpretation.
Saying that... i hope my miners are coming soon...
@burnin... i dont think losing the shipping contractor was the best move. Shipping and packaging is most probably way more work than you think now and you will most likely pay more for shipping than they would do. The savings compared to the work and cost you will have will not be in good relation i think. On top its work you need the time for, means your bitfury works should stay in the way of shipping. At least until bitfury isnt ended.
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News from burnin: I received the chips from Zefir for batch 3 and up. I have not received boards from Sebastian's Batch yet. Once the chips are in hand of my contractor there is not much i can do to accelerate things. And this week they were down to 1 Machine because of maintenance. I initially arranged to use 2 contractors simultaneously, to deal with the large number of boards. The chip refunds cut the board volume to less then half, I had to scale the operation down to reduce costs. That also included the shipping contractor. Regarding bitfury: I have an exclusive agreement with cryptx until mid October. Revenue i get on that deal will end up in the refunds. My 50% refund offer exceeds my current available financial resources. (all Paypal payments are unavailable) The refunds are currently suspended because of that. But I will stand by my word and carry out the 50% as soon as i can. To any of the "he gets rich" screamers - revenue of this venture so far: about -20.000eur + 4 Months of Work.  Not that those people will believe any of my words. |
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News von burnin: I received the chips from Zefir for batch 3 and up. I have not received boards from Sebastian's Batch yet. Once the chips are in hand of my contractor there is not much i can do to accelerate things. And this week they were down to 1 Machine because of maintenance. I initially arranged to use 2 contractors simultaneously, to deal with the large number of boards. The chip refunds cut the board volume to less then half, I had to scale the operation down to reduce costs. That also included the shipping contractor. Regarding bitfury: I have an exclusive agreement with cryptx until mid October. Revenue i get on that deal will end up in the refunds. My 50% refund offer exceeds my current available financial resources. (all Paypal payments are unavailable) The refunds are currently suspended because of that. But I will stand by my word and carry out the 50% as soon as i can. To any of the "he gets rich" screamers - revenue of this venture so far: about -20.000eur + 4 Months of Work. Not that those people will believe any of my words. |
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