Well, difficulty certainly is approaching 1.5 mil, but i doubt that the drop in price helped any. Difficulty will always lag behind the price. They have invested some $15,000 into hardware, that at one time was generating nearly 13 ghps. When you "turned them off" they were generating a pathetic 8 ghps. I suspect you really still have the full 13 ghps turned on and mining somewhere else all for yourself.
Tawsix, you really need to give a full report on the status of the rigs; Yes, we were nearly at 13. I want to know how much Ghps the rigs in their current status could produce. I want to know how much funds and time it would take to bring them back up to 13, if they aren't capable yet. I want to know how much funds could be liquidated if we were to sell all hardware at their current status and when they are back to full hashing power. I would like you to have discussions with both shareholders (i may speak to Nefario to see if someone can provide proof that they own shares), and the public here on the forum. I would like you to put the time that you no longer are putting towards maintaining the rigs to some use. Even though the rigs aren't running your job isn't over. I hope that everyone else agrees with me. The rigs in their current state can produce around 8-9 Ghps. There are three computers down right now, two that won't stay on for reasons I was unable to determine and one that has need for graphics card replacement. The two that won't stay on need a few days of playing with to figure out. The one that needs new graphics cards needs either about $600 put into it or XFX and Gigabyte to stop giving me the runaround on the RMA. If and when we decide that the company should be liquidated, depending on what the Bitcoin climate is, an investor could see a decent return based on what the price of BTC was when they invested (those who invested at higher prices will see more BTC, etc.) If we pull out when prices are low like they are now, the liquidated funds will buy a lot more BTC than if the price jumps back up, and investors will get a lot more of their investment back. I see a lot of concern with the efficiency of the machines being run, and that we should still be able to operate profitably. I would like to make a very important point that many people who go into business mistakenly ignore: the cost of operation that I calculator for the machines is not limited to the energy costs, it also includes the cost of replacement for the parts as well. It is important to do this when your income depends on any machines, because yes, we could be operating "profitably", but what happens when the rigs start breaking from running 24/7 at max load for a year? All of a sudden we have a bunch of broken machines and no money to replace them with because we've been operating "profitably". So with the cost of electricity, I add the cost of replacement, and that does effect us to the point of not being able to operate in the current condition of the economy. With difficulty falling, all it will take is for the price of BTC to jump up 15-20 cents, and we will be able to mine profitably again. However, I would say that unless we are making more than marginal őprofits, we should keep the rigs down. There is no point in mining for the sake of mining, and putting more and more wear and tear on the rigs lowers their value. I am not sure what the best method of moving forward is right now, and how we should go about deciding the future of the company. I am open to suggestions. Simple solution: Take a vote. Also, I demand you take back your claim of owning half of the shares now. You are bound by the contract you described at the beginning of this thread - you can't just change that at your whim because it sounds good! |
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Someone should start grabbing copies of every piece of history on this whole thing as well. Who knows whether this thread will happen to be deleted in the future, or information on GLBSE is suddenly gone.
I wouldn't be worried about the contract not holding up though, even though it's through a non-sanctioned "stock exchange". People have written contracts on the back of napkins that hold up in court, so w/e.
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I give it 2 days after launch until all of those keys are banned.
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It is time for either a sacking of Tawsix as CEO or a hostile takeover by one of the other companies. $15,000 is a considerable sum, particularly for those who don't live in the Western world. It is also a sum which attracts considerably higher penalties for theft/fraud, should the other shareholders decide to take that option too. I realise Tawsix is new to much of this and relatively young, however, he is legally (never mind morally) obligated to respond to the questions he is receiving here and the emails he is receiving at . He may believe himself to be hidden but he is truly not - a basic set of Google searches retrieves significant amounts of recent information about his true identity and location - ample to launch a legal case in the USA, should it prove necessary - all of which I have archived. Last chance for him to respond. At this point it has become clear that you, Tawsix, are either incredibly stupid, or a scammer. Unfortunately, I believe it is the latter seeing as plenty of people have offered their help (even investors, at no charge) to try and keep this "company" afloat. It should have been obvious to me you weren't capable right at the beginning, when your calculations were off and you refused to answer questions. I'm sorry to have ever invested in this company, and I'm taking it as a hard lesson learned for quite a price.
I hope we're thinking of liquidating hardware and cutting losses. Even if price goes up and difficulty goes down, this isn't going to work with someone who is very clearly stealing (which we can't prove since he shows NO calculations and now just "decides" that he's put enough work into this that his debt is paid) and/or totally mismanaging this.
I agree. Legal action should be taken. Question is, does anyone have any information about who Tawsix actually is? |
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About $200 then... not bad!
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I'll give you 1 BTC.  But seriously, is there any kind of marketplace for selling game accounts like this? Something to where I could get an idea of what a LoL account is worth? |
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For those saying he's a known scammer, please link some of the posts/proof of it. I'm busy currently but if nothing is linked by later on I'll look around some myself.
I sent him 27 BTC, never received the laptop that was promised. |
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Stef was a scammer, of course I never sent her a touchpad.
Ryuguy was a scammer, we all decided I didn't have to send him a product.
SGTSpike should have received his laptop. It was sent out the day after this original post was made.
Am I forgetting people that I supposedly scammed?
I NEVER received a laptop, NEVER received tracking # or confirmation of shipment. If you did indeed ship it, by all means, send me a tracking number so we can figure out why I never got it! |
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Definitely a scammer. He never shipped me the last laptop he supposedly had for sale.
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He never sent me the laptop. DO NOT BUY ANYTHING FROM HIM.
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DEMOCRACY IS BAD BUT I REFUSE TO OFFER UP AN ALTERNATIVE SYSTEM WHICH WOULD BE FAIRER - Every single poster on this forum, to be perfectly honest
Welcome to anarchy.  EDIT: In case you didn't get it, that's your alternative system right there. Anarchy is great for the guys who start off rich enough to own the police and courts or for guys who can get military assistance from foreign governments. But after a while, it would become a dictatorship as there can only be one guy who wins. What part of 'no enforced government' do you not understand? What part of "rich guys with private armies are a bad idea" do you not understand? What would a 'private army' do exactly? They cannot exercise force (after all, no enforced government), so what exactly would the purpose of said army be? Why couldn't they exercise force? |
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Honestly though, I mine on two machines I use daily. It would be very difficult for me to notice a difference. The fan on the GPUs are still nice and quiet (they're not overclocked), and there's no noticeable difference in heat. I have a window A/C at home set to a specific temperature, and it stays there, regardless of heat output in the room. The other computer is contained in a room of several hundred square feet, so obviously not going to be able to tell a difference in a room of that size. LOLZ. What GPU. On say a 5970 even underclocked the fan is very noticeable. Not oh my god I can't stand it but no gamer isn't going to notice their GPU sounds like it is playing some Crysis while sitting at the desktop. Say you have a botnet of 50,000 computers infected with your GPU-mining trojan. 500 effective mining machines (say, 250MH/s each on average), and 49,500 ineffective miners (say, 2.5MH/s). That's a 250 GH/s botnet. Yeah @ 100% load 24/7/365 with heat blazing, fans screaming, and nobody noticing. If you run if at lower load then it isn't going to generate anything like that. Plus 50K computer botnet puts it in the top 3 botnets in the world. There are 20 "friends" each with 50K botted computers (oh which also happens to have top of the line graphics cards on a significant fraction of them). http://www.darkreading.com/security/security-management/208808174/index.htmlBotnets are far more valuable for quick high value targets (like cracking password hashes, DDOS attacks, etc) not running 24/7/365 mining coins which is very easily detectable by end users. On a 5770 and 5850. Neither are noticeable with the fan and GPU running. I didn't realize botnets were that small... so I guess that counts my suspicions mostly invalid then.  |
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Regarding botnets GPU mining on the sly --
As someone pointed out, that's very difficult as many people would wonder why their office is suddenly 10 degrees hotter than it was last week, with the same outside temperature and/or household climate control settings.
"Last week, my A/C was set at 78 and my office was comfortable. Now it's too hot in there."
Don't you suppose some people would notice their graphics card spinning up its fan a LOT more than usual (which is usually never, unless you're playing a game).
Even CPU mining could be noticeable, as many CPU fans only spin up when the CPU is getting hot from 100% type work.
When PCs start grinding to a halt, the desktop graphics start lagging, etc. that's when people take their PC to the local PC doctor, or they wipe their machine.
BotnetPopulation = BotnetPopulation - 1
P.S. We had this discussion months ago, back in the glory days when BTC were still $18 or more each. Remember -- botnets have a monetary value for their owners. Now that a Bitcoin brings in a lousy $5, it's even less economically worth it to risk giving up an infected PC.
Honestly though, I mine on two machines I use daily. It would be very difficult for me to notice a difference. The fan on the GPUs are still nice and quiet (they're not overclocked), and there's no noticeable difference in heat. I have a window A/C at home set to a specific temperature, and it stays there, regardless of heat output in the room. The other computer is contained in a room of several hundred square feet, so obviously not going to be able to tell a difference in a room of that size. There's no lagginess on the desktop, except slight lag when scrolling an Excel document, for instance. But not something that someone who didn't have extensive knowledge of desktops wouldn't already know. Games run perfectly, no lag. If the botnet was set to mine very passively, as I have my computers set, it would only lose 5% or less of the total potential production, while being nearly invisible to the user of the computer. There are more laptops than there are desktops. There are FAR more corporate style desktops than there are gaming rigs. I would be surprised if 1/10th of the PCs out there would be remotely suitable for mining. Scratch that, more like 1/100, as it seems even among gamers, only 5% has DX11 capable hardware: http://store.steampowered.com/hwsurveyOk, let's go with 1/100. Say you have a botnet of 50,000 computers infected with your GPU-mining trojan. 500 effective mining machines (say, 250MH/s each on average), and 49,500 ineffective miners (say, 2.5MH/s). That's a 250 GH/s botnet. Now, say you have 20 friends who have botnets themselves. 5 TH/s. I'm not saying it is true (who knows how many computers might be infected except A/V companies), but only that it is possible, and I would not be surprised if a large portion of the current mining capacities were made up of botnets. |
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I think it will keep going up, but it shot up so fast I think a lot of people just on board the sell bandwagon. Rather then panic buying, people started selling to take advantage of the sudden spike. Hopefully it shall continue its climb, and/or have a less sudden spike like rally.
I attack any spike with sells simply because the spikes do not last. I'm sure others do the same. If you know the price isn't going to hold but you can make a tidy profit, you take what you can. What is a "bottom forming process"? |
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Just a guess. But I wouldn't be surprised.
I would. The vast majority of botnet machines are desktops in some office, for the simple reason that those are the vast majority of PCs. These sorts of machines rarely have GPUs with any significant amount of hashpower. Ok, what's the typical botnet size? And we'll go from there... |
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If any action you do causes certain death for a person, then you are responsible for killing said person.
I agree. Yet, according to libertarianism, I am still within my rights to withhold sustenance from a dying person. Ok, it makes sense where you get your viewpoint from. I don't agree with it (seems to be a case of following the letter of the law, not the spirit), but at least I understand where you're coming from. |
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It's not like when you abort a baby they come out in one piece ready to be put up for adoption. They come out in parts: arms, legs, etc. That's an argument I can get behind. You shouldn't be allowed to damage the fetus, only evict it. Just like I can evict someone from my house, but not by chopping them into pieces first. However, the fact that death is certain doesn't change anything. Why not?
Are you asking me why you can't stab people? If any action you do causes certain death for a person, then you are responsible for killing said person. |
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What about for example if you borrow money just to have a little extra in your wallet in case somthing unexpected happen, but it's not more than what you already have in the wallet or in the bank?
I don't understand - why would I need a loan to do that? Why not just withdraw however much extra cash I wanted on hand out of my bank account directly? Say for example you have 50 on your wallet and 50 on the bank, you wanna go somewhere that if your car breaks the return trip will be 100 bucks if you take a taxi, and you don't wanna have to leave the taxi waiting while you are in a line in the bank; in that case you could borrow a 50 bill from a friend, go to the place you wanna go, and then when you come back, if you car didn't break, you pay him back the same bill (otherwise you need to go to the bank before repaying him of course). Gotcha. I'd kind of view that like the restaurant - it's not a debt, since you can repay it. Well, it is in the technical sense of the word, but for the purposes of saying "I won't ever take on debt," I wouldn't consider it debt. |
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It's like locking a newborn baby in a cage outside of your house, and not allowing anyone to touch him/her, while he/she freezes to death outside. No, it's not. No one is preventing anyone from keeping the baby alive, they just lack the technological means to do so. That won't always be the case either. It's also not something done in secret. It's not dropping the baby out in the woods where nobody that wants to do something knows about it. That's like saying your knife-stab-to-the-chest wasn't killing the guy, it's just no one else could keep him alive after you did it. Worst argument I've ever heard. |
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