to make it simple, say:-
i took screenshots as prove, etc.
then some person steals my screenshots on computer and signs a new generated bitcoin address with username and share number as seen on screenshot.
ken, how would you verify and stop such person, if this happens in reality? how would you check the public bitcoin address? public asset list is not accurate and changes.
example , you might not have took a record of public asset list when X person transfered and his address vanished from asset list, then you took a record of asset list, how would you verify with that?
You can't trade transferred shares obviously. The asset list he will obtain will be after the trading is frozen. Only a signature from the asset list can be used to validate ownership (Make sure you are using a valid address on bitfunder) Asset list is here https://bitfunder.com/assetlistScreenshots are only part of the safety measure, signing is the ultimate form of safety. |
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So then you agree he should be glad the exchange rate increased, not that he bought a Jupiter?
No, I agree that his decision to buy a Jupiter resulted in a positive return for him regardless of circumstances. You do understand we've only been mining for a month maximum for some of us. It's going to be damn close to BTC break even by the end of 6 months of hosting. By then I'll have around the same BTC that I would have had purchasing them AND a piece of history (The Jupiters). They may even still be profitable then and continue mining  |
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Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand. You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining ) You paid around 120BTC until it gives you that many back it's not a good investement If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000. There is no fallacy, If you made a profit you made a profit. There might have been better ways of doing it but you are also missing the point. If you sell too early then you minimized your profit, you are assuming everyone would hold until this exact date. Many would have sold before. Also there were definitely better opportunities all over the world making more profit than buying and holding BTC but you don't mention those. At the end of the day, Getting more than you put in is a success and congrats to everyone that has so far. The point so many people are missing is that his profit came from the rising exchange rate, not from his investment in his Jupiter. People REALLY need to think in terms of BTC first when investing in miners and secondary the exchange rate since mining is also investing in BTC over a period of time. The goal of any miner should be to mine more BTC than they could buy at the time of purchase. Until people realize this miners will be overpriced. There is no point that is missing, Everyone already knows this, you can echo it from the ends of the earth but it is widely known that there might have been more lucrative opportunities out there. Not sure why you didn't buy Google stock when it was low and sell at it's peak. Hindsight is always 20/20 and most of the people in here are hindsight investors but never take their own advice. Profit (No matter how it was obtained) is profit. If you had $5 before you purchased your Jupiter and now you have $10 and a Jupiter, you did well even if you COULDA WOULDA SHOULDA had $20. |
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No-one outside the US has been told to tender their shares anywhere.
I'm assuming you just want your shares to be given to Ken by Ukyo on December 2nd since that is what will happen. If so then yes you do not need to Tender your shares as they will be Tendered for you. |
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Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand. You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining ) You paid around 120BTC until it gives you that many back it's not a good investement If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000. There is no fallacy, If you made a profit you made a profit. There might have been better ways of doing it but you are also missing the point. If you sell too early then you minimized your profit, you are assuming everyone would hold until this exact date. Many would have sold before. Also there were definitely better opportunities all over the world making more profit than buying and holding BTC but you don't mention those. At the end of the day, Getting more than you put in is a success and congrats to everyone that has so far. |
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but can't quite figure out what to do now when it's been perfectly outlined for weeks.
That's the problem, Non US people weren't paying attention because it didn't apply and it's weeks ago, buried in this massive thread somewhere and there's no way of telling it hasn't been superseded by more recent info, maybe even on another thread. I been plowing through this schitt for an hour and am still not sure. I sent my shares to AMC-TENDER is that all I have to do for now? Yes and make sure your Bitfunder address is a valid one as Ken receives a list of the usernames/addresses attached to the shares that were sent to him. |
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KNC is the number 1 contrib to the Elgius pool.
I don't know if i should feel good or bad about it.
Would be nice if they could shut down for a few days , dificulty jump comming. Hashrate of the network already going down for it on bitcoin watch.
Looks like it's going to be 515k
Current Blocks: 268096 | Current Difficulty: 390928787.63809 | Next Difficulty At Block: 268127 | Next Difficulty In: 31 blocks | Next Difficulty In About: 3 hours, 48 minutes, and 22 seconds | Next Difficulty Estimate: 511869111.06145251 | Estimated Percent Change: 30.936663466 |
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What is going to happen to the asicminer-PT? will you still continue to pay out dividends or will we be converted to direct shares?
IRC earlier today: Ukto: I talked to DT. he will be sending the list of G.asicminer shares and public btc addy's to FC
[9:37pm] ThickAsThieves: I thought you handled it?
[9:37pm] ThickAsThieves: why DT?
[9:38pm] Ukto: i fixed the asset and straighend out the share count.
[9:38pm] Ukto: he has agreed to handle the wrap up
[9:38pm] ThickAsThieves: i see Guess this means everyone is getting direct shares? If you don't want to wait, you can convert G.ASICMINER to AM100 for free, or AM1/Direct for a fee, now as well: https://bitcointalk.org/index.php?topic=99497.msg3452278#msg3452278We're currently processing most requests in a couple days, aside from any time Friedcat takes to confirm direct-share requests. I'm trying to assess the benefits of going to Havelock vs having Direct Shares. I currently do not have a havelock account. |
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What is going to happen to the asicminer-PT? will you still continue to pay out dividends or will we be converted to direct shares?
IRC earlier today: Ukto: I talked to DT. he will be sending the list of G.asicminer shares and public btc addy's to FC
[9:37pm] ThickAsThieves: I thought you handled it?
[9:37pm] ThickAsThieves: why DT?
[9:38pm] Ukto: i fixed the asset and straighend out the share count.
[9:38pm] Ukto: he has agreed to handle the wrap up
[9:38pm] ThickAsThieves: i see Guess this means everyone is getting direct shares? |
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What could be better than getting up @ 3am to see how much you made during the night?
I love this shizzle!
Gox @ 227, XBT @ 212....
Just reached 50% return, day 19
But according to Croppo, they aren't worth a dime.....
I better just give up then....
Hahahahahaha
Just hit 100% USD Return (I spent USD to Purchase) on my Jupiters today based on $225 Coinbase Price. Even if there coulda woulda shoulda been a better alternative, this option is still making a profit regardless. Only 10-15 more days until the 7 months of hosting is also paid for. |
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so yeah, KNC already sent 15 units from November batch for November prices. Happy here?.) From what i've just been told they were accidentally shipped by the manufacturing facility as they over-ran the cut off, due to manual refunds altering the order placements. There are a total of 15 in the wild. A mistake was made, but the rest of November orders are not shipping, and certainly weren't meant to have.
Happy for those people who got lucky on a mistake, yes. Not going to go all ape shit over ~7.5TH being accidently added to the network a tad early..... |
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And be 400GBP out of pocket just for the fun?
Can't blame KnC for that. Really? On what date? Last few days of Sept when "we are on track for delivery", or maybe Oct 1st when "We're shipping day 1 today and Day 2 tomorrow"..or maybe after Oct 15th when they hadn't delivered as promised and weren't giving refunds unless they fancied it and ALL rigs suddenly became in process on the status even when they weren't?
They NEVER offered refunds, they grudgingly gave some when asked,,,different thing.
What is the term for a smartarse who isn't at all smart?
Not sure what world you are living in (From your posts in the past I assume it's one consumed by hatred of KnC so not sure if this post will get through that mental wall. They offered refunds after the 15th to anyone who wanted one. Everything else you said is pure fiction. |
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Not only did they ship my faulty unit 10 days late, costing me about $2000 in lost mining revenue and all the BTC I've lost from mining with a sub-standard faulty lemon since then, but now knc have fucked us over again.
Can you imagine being Cyper, who got his October order on the 30th? To hear this?
And the plan is to start shipping Nov orders on 15th, after they promised it would be 30 days after October delivery ended to let people get some benefit from the early order and the fact they paid $2000 extra.
Fuck you KNC. Just that.
Pipe down and don't be last in line next time. So I should just shut up and be happy forcefully that I got my miners 2 weeks late? Maybe pay Bitcoinorama some bitcoins too  Should have got a refund like they offered imo |
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Not only did they ship my faulty unit 10 days late, costing me about $2000 in lost mining revenue and all the BTC I've lost from mining with a sub-standard faulty lemon since then, but now knc have fucked us over again.
Can you imagine being Cyper, who got his October order on the 30th? To hear this?
And the plan is to start shipping Nov orders on 15th, after they promised it would be 30 days after October delivery ended to let people get some benefit from the early order and the fact they paid $2000 extra.
Fuck you KNC. Just that.
Pipe down and don't be last in line next time. |
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That is only correct if network hashrate increases by 50% in the next 2 months, highly unlikely.
The hashrate by Jan 1st will be >8PH |
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ed and not some backdoor bitfury deal to appease the shareholders for a tad longer.
I guess we'll know in Three Weeks™
If Ken wanted to appease shareholders with meaningless amounts of hash power, then he would have never had the Avalon chips refunded. I'm not going to argue one way or another, this has and seemingly always will be a waiting game. Everyone KNEW about the Avalon Chip orders, the price of BTC was going up, to get a full refund in BTC was the only move that made sense. Using that refund to buy CEX.IO shares would buy some time is all I'm implying (Which may or may not be true). |
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Looking forward to that Firmware update guys Got two dead chilis I'd like to potentially resurrect (Happy Halloween)  |
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so the 3th are from sample chips?! or other company products. when are ActM releasing their own stuff
This is the frustrating thing, the Klondikes or whatever they are called and Avalon chips will not get us 3TH/s power, so its assumed the 3TH/s comes from prototype/sample chips. If this is true then fantastic, the first run batch is around the corner and we are going to see a huge increase in hashrate. However it might not be the case! The 3TH/s might be from something else who knows, because Ken did not say anything about eASIC chips. So once again the information void leaves us to speculate and assume. Well that would mean ken received ~150-200 Prototype chips. (16-20GH/Chip) Maybe someone more well versed in the ASIC industry can elude to what the usual amount of "Chip Samples" are. I'm still unconvinced that these are eASIC chips being received and not some backdoor bitfury deal to appease the shareholders for a tad longer. I guess we'll know in Three Weeks™ |
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has anyone noticed RTM? I guess he pays 100Mhs per bond and his price is like .02 or .03, Im too tired to do the math. but could someone compare his stock with our stock? Im sure ours is much better, but it would be nice to see what the competition is doing..
For those still interested in "What the competition is doing". All bonds are buyed back, securities are closed on the BF.
Looks like LRM is continuing to roll with the punches and work for shareholders unlike some others "PMBs" |
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