I ve read a very nice piece on Bitcoin mining these days, basically comparing mining rig to a golden goose, very interesting. It sums up to the following, why would ASIC manufacturers sell their machines if they can use them for mining:
This is a very naive perspective that misapplies the experience of a small basement operation to a large enterprise. Once you're talking about the volume that an ASIC manufacturer would produce, there are two EXTREMELY critical issues that come into play -- (1) Building equipment in order to mine instead of sell exposes the manufacturer to an additional level of risk that they might not be interested in taking on; (2) It's not trivial at all to design and administer a facility in which to house all of this mining equipment. Most of these manufacturers state reaching ROI in about 3-6 months. If this is really the case, only a total fool would sell instead of mine, regardless of any obstacle they might face. Apart from reasons already stated, the only reason to sell which comes to my mind is that most of these companies are not sufficiently capitalized to develop their own products. To overcome this, they sell preorders, get your money, develop the product, use it for MINING for a few months and then deliver to you when it almost useless. An excellent business model, whoever started this first should be nominated for Nobel prize in economics. That would be Butterfly Labs (BFL). Correct me if I'm wrong but I think those guys are being indicted and the subject of a massive class action lawsuit. |
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so how much btc or usd you lost?
Enough to claim fraud over $5000. |
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Update: 20th of May 2014
1. Batch 1 hasn't shipped.
2. Batch 2 hasn't shipped.
3. No shipping date provided.
4. Refunds refused.
5. BA spokesperson acknowledges employees have been receiving serious threats.
EDITED: 04 Aug 2014 For clarity.
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A Minion customer is complaining that BA isn't giving them the pin-out for the chip on ecointalk. GG
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I hope that a cruise missile, an aeroplane and a meteorite all fall out of the sky and hit at the same time as lightning strikes your ASIC farm.
Probably still more likely than BA shipping on time Are you thinking Q1/Q2 of 2015 or is that still too optimistic? |
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I hope that a cruise missile, an aeroplane and a meteorite all fall out of the sky and hit at the same time as lightning strikes your ASIC farm.
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Shipping will start soon and of course that means as soon as possible, when we confirm that machines are working correctly and up to their expected specifications. And no we do not mine with them before we send them out. As soon as they are ready to work, we will ship them out without any further delay.
If to be honest i doubt anyone want to see any other update than "we started shipping. So i guess that one should be coming next.
Rough estimate is this year. Not saying it will take this long, but you asked for rough one
Latest update from Nemesidis/Black Arrow |
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I'm just off to the bank to pay US$1275 for my 5 x X3 power supplies for my compensation units. I must be mad!!! Someone shoot me... Please !!!! How can I be sending more money to BA when they have given us nothing but delay after delay after delay. Pleeeeeeaaaaaaaase tell us that shipping starts this week !!!!!
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Why is Python not required?
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Thanx,but is that Mandarin Chinese because i didint understand a word and they have really bad camera  The jist of it is, that he warns of the dangers involved with freebasing cocaine. |
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Black Arrow has cost legitimate companies such as Bitmain and Spondoolies millions of dollars and thousands of Bitcoins in sales.
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When having a conversation about the energy usage of bitcoin's mining network, it is important to know what the facts are. Here are some important facts: Total power deposited on earth by sun: 130 million gigawattsTotal (average) power consumed by humans: 16 thousand gigawattsTotal power consumed by bitcoin mining: 0.68 gigawatts (assuming all bitcoin inflation buys electricity at $0.10 / kw-hr) 0.07 gigawatts (assuming 1 W / GHash) So, humans are using 0.012% of the sun's energy that hits earth, bitcoin is using somewhere between 5x10 -8% and 5x10 -7% of the energy available from the sun or 0.0004% - 0.004% of the total energy consumed by humans. What's the total power output of the black hole at the centre of the galaxy? |
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In his post, Voorhees is stating the obvious. I see nothing sage-like.
Personally, I have mixed feelings about him. I like his politics, but in the past he has taken advantage of people that trusted him.
In the land of the blind the man with one eye is king. |
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Black Arrow is a scam company that's currently defrauding it's customers for millions of dollars and thousands of BTC.
Proof? Just look at their website, they're selling batch 2 X-3 units with a stated shipping date of 15 May 2014. It's currently the 17th and not a single batch 1 order has shipped. They sold pre-orders for 24 Feb 2014 dispatch until 29 Jan 2014. It takes 2+ months after tape-out to have the ASICs forged and packaged. Undeniable proof that they lied to get customers money. This is fraud over $5000, an indictable offence. First, it does not say it ships on 15 May 2014. It says it ships around 15 May 2014, which isn't an exact date. Second, there are delays for all companies. Would you call all of them scam? No. Only Butterfly Labs and Hashfast, since they don't even have the equipment in production. Today is the 18th of May 2014 and it's passed "around" 15 May 2014. Batch 1 hasn't shipped and Batch 2 isn't even on the radar. When you take peoples money based on a lie it's called fraud! |
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This thread is lame. There are many clean energy solutions, they're just not politically feasible in our corrupt system.
There's a white paper on low energy nuclear reactions out there. The media was so bearish on cold fusion they had to re-name it.
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Hooked on phonics? Isn't Moriarty the STNG character cooked up by the central computer to defeat commander Data?  |
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Hi m8s!
Are there any way to calculate which hash rate the following server can manage?
Server
Dell R910
Processor
4 x Intel Octa-Core Xeon E7-4820
RAM (*)
32GB DDR3
Disk (*)
2x300GB SAS 15k
Yes, and it turns out that it's considerably more than what a NES can hash. http://retrominer.com/ |
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watch?v=Z loserjZNfM Is youtube is giving out vanity URLs now? |
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