Accounts delivered.

This thread should be in the Marketplace section, I think. Also, everyone should stop giving OP a hard time, it's his prerogative to offer his items at any price. You guys can either buy or not.

But you see, it's EXACTLY like a credit card in the respect of trust. When you swipe your card, I can take your info and charge however much I want to it, especially online. The verification groups would be trusted, and would in turn evaluate the trustworthiness of the vendor. Bitcoin fraud would be just as traceable as creditcard fraud. Even moreso for the fact that the blockchain has every transaction ever, making any stolen fraction of a bitcoin traceable.

My point is the 4870 is obsolete for mining:

Its revenue: 80 (Mhash/sec) * 3600 (sec/hour) * 730 (hour/month) / (2**32*3054e3 (difficulty factor)) * 50 (BTC/block) * 11.7 (USD/BTC) = $9.40 per month
Its power cost: 0.150 (kW) * 730 (hour/month) * 0.11 (worldwide average $/kWh) = $12.0 per month

So most of the world already loses money mining with a 4870. Even those with insanely low rates, say $0.04/kWh, will be unable to make any profit 2 months from now when the reward drops to 25 BTC/block.

Yes gaming hardware takes longer to become truly obsolete, because graphics quality is not that important to some gamers. But in the world of Bitcoin mining, being profitable or not determines if your hardware is obsolete or not.

The boards currently produce 5 BTC every 6 to 7 days. Why would I sell it that cheap? are you drunk?

Easy as pie, if we use a combination of smart-phone technology. So the vendor has a unique, generated QR code containing an address and the amount of the sale on a screen that you use an app to scan and hit 'pay'. Bingo.

The other method would be to have a 'debit card' type solution, where you have a registered card with the necessary key to sign a transaction, and you can just swipe and go. Firmware updates could make current gen credit card swipes able to use this tech through a verification and allocation company like the bank that handles the credit card machines. It would accept the transaction from your account, signed by way of the card, deduct a processing fee, and send it to the account for the business. With a book-keeping system, the host company can easy process refunds and chargebacks.

So... 475 Terahash increase?! Damn man, when you look at it like that it makes buying just one SC single almost pointless. Hell the Jalapeno would be like what a CPU does today. It seems unless you have 10's of thousands of dollars to put into this that mining isnt even worth it. And even then, how will the people that spent that much even be able to get a return on their money. I wanted to buy a SC single, and had plans to at the end of October, but seeing it laid out like this almost makes it seem pointless. The hash rate currently is around 21 terahash. So if we divide this 475 terahash estimate by 21(today) we get around 22. The network will increase 22x in speed judging by your those speculated numbers. So if I take what 40 g/hash yeilds right now and divide by 22, I can get a good idea what a SC single will do. So lets see. 40g/has today gets you 14 bitcoins a day. Divide by 22, and we have .63 a day.

Is my math rigth here, or am I just completely wrong? Im still very much new to all of this, so it wouldnt suprise me if I am looking at this completely wrong here. But .63 bitcoins a day for a device that costs 1300 bucks seems pretty dangerous. Not to mention the blocks are sliced in half. Does that mean .3 a day from an SC single?!!

Someone who has more knowledge than me chime in here. Am I right with this analysis? I hope not... =/

-Ryan

I suppose the value in the coin could go up a lot. Following other flow charts it seems to follow suit with difficulty increases. Maybe better off just buying the coins, and hoping it follows suit with its past history.
 

Only heat and specifically, fluctuations in heat, given clean power.

If you are a gambling man surfer dude, try to ride the 'wave' it could be extremely profitable, or you could lose your ass.
Speculators are going to try to manipulate every angle they can to profit off it. Don't get caught up in the feeding frenzy.

So are you the type who would use it until it brings real money into bitcoin and then try to legislate it for tax reasons or some who would make it illegal for religious reasons or are you the progressive kind who thinks the world is better without vices and those should be illegal because you think it hurts people? Quite frankly, it really isn't the business of anyone else why it is done because two consenting adults should be allowed to have fun doing what they want to do in the privacy of their own room/phone/car/etc.

The business I'm in makes a lot of money for women who would otherwise be living on tax dollars of other people. Women living on welfare is what I detest. Personally, I'd just go find a job in high tech except I don't like being another person's stooge. Here I have all the power of whatever I do, buy, say, etc.

The user "penetration" is assuming that all women in the business are submissive girls who will do anything for money and it couldn't be farther from the truth.

Anyway, to each his own. That is what capitalism is all about.

Suuuure you were joking...
Degeneracy still isn't funny.
Neither is illusory empowerment.

Maybe I'm missing something but these are my thoughts. I'm not a chip manufacturer or a electrical engineer, but I have built computer systems for almost 15 years. Your 3d model doesn't look right to me, it looks overly complicated. Here are my concerns, I would love you to prove me wrong.

It seems that each of the 8 asic chips has their own 3 or 4 phase vrm. Why would this be necessary? or even preferred? it seems like it would cut down on reliability and raise cost. If a 4 phase vrm can handle a 5870 chip at 150 watts why can't it handle all 8 asic chips at less than 100w

Why doesn't it look more like a video card anyways? Shouldn't the majority of the difference be less RAM, a usb port added and maybe a microprocessor to split the work among the 8 chips

what are the square blocks in the upper right? someone suggested capacitors. if so, why are there so many and such a big size. Its not like we are starting a big motor here.

The more open you are about your hardware compared to BFL the more customers you will get. People appreciate transparency. Good stuff.

Let me rephrase, without me there is no trading Forex in Bitcoin. Not with Bit4X, not with VenetFX. I think I'm adding a lot of value.

The exact same thing happened with MtGox users, a while ago. Before MtGox had their ToS in place, they would hold your money ransom and force you to identify yourself to get it back. Nobody had been formally prevented of this. Some people honestly believed they could operate anonymously, as there was nothing saying they could not, and all of he sudden, "a terrible betrayal".
I've protested many times in the occasion, saying MtGox should at least give these people the chance of leaving with their money, if they did not agree to the new terms. There are many threads in this forum on this subject.

If MtGox didn't get a scammer tag due to that - what may be considered reasonable, since maybe they were being forced to act like that - giving a scammer tag to Nefario for the same kind of actions would be a double standard.

Plus, about violating GLBSE bylaws, Nefario is no longer liable for such break of contract if he's doing so under the threat of violence. The criminal wouldn't be him, but the person/group who's forcing him to act criminally - in the case, the state, as usual.

Theymos, I understand you're pissed off by him. He made a series of bad decisions. But if this whole mess was initiated by the state, Nefario is a victim as everybody else. Try your best to be an impartial and fair judge. I honestly have the feeling Nefario is not a scammer, at least not willingly so (of course I may be wrong).