Hi, so far you've been one of the most helpful, honest and profitiable (dividend wise) bitcoin venture I've put money into... Are you still waiting for a secure colored coin platform or similar before re opening your doors to more investors etc? I ask this because I'm interested in some more shares...But would also like the abimilty to easily liquify the shares as I see fit..So would only be comfortable trading through some stock exchange medium. Bitfunder doesn't float your boat? Anyway, thanks bye.
If I do issue new bonds it will be in the form of colored coins. But with the explosive growth of Bitcoin in general and in Israel in particular, my other businesses consume roughly 200% of my time, so this is unlikely to happen in the near future. |
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you mentioned you are upgrading to ASIC may you say through what supplier you are using?
As I explained, I'm using BFL hardware and their upgrade program. |
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I'm a bit confused about the term "fixed fee" vs average total fee" mentioned in the OP and what they mean. Is the "average total fee" the average fee the pool operator receives over the long term? Or is 'f' the fee the pool operator expects to receive over the long term?
I ask because I notice, for example, a pool that states it has a 1% DGM fee but parameters "f=-0.25, c=0.2, o=0.8". This makes the "average total fee" 0 which makes me think that that isn't the fee the pool is expecting to get on average.
What the pool operator receives over the long term is the average total fee, f+c-fc. A pool with f=-0.25, c=0.2 indeed has 0% fee. You might be talking about OzCoin; the parameters displayed might be a relic from the time it was 0-fee, I don't know what parameters they actually use now. It's possible they added an additional 1% fee on top of the method formula; that defeats the purpose of having a parameter f for that. |
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It was hard enough for them to try to restart their business with a huge debt hanging over their heads that they were promising to repay with their profits.
Was it them who tried hide losses/gamble with client funds ? I remember distinctly one exchange doing that, and I figured that was the end of trust for that exchange.. Maybe you're thinking about bitmarket.eu? |
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How does Meni not have a scammer tag from this? Am I misunderstanding his role in promotion of a scam?
I didn't at the time believe it is a scam (and "promoting it" is also a bit of a stretch). I understand the desire to find a scapegoat but I suggest you read this thread to understand how things transpired. |
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(some code snippet...) def share(user, diff=1):
global worker, p, s, B
my_r = Decimal(1.0) + p * diff * c_1 * o_1 / c
score = p * diff * B * s
s = s * my_r
worker[user] = worker.get(user, Decimal(0.0)) + score
def estimate(user):
global worker, r, f, p, s
score = worker.get(user, Decimal(0.0))
return score * (r - Decimal(1.0)) * (Decimal(1.0) - f) / (p * s)
Did I handle the var diff right? in linear model. p is always 1/D. A small but important correction: The last line should be return score * (r - Decimal(1.0)) * (Decimal(1.0) - f) / (diff * p * s)
(Extra diff in the denominator.) In addition: 1. The function "estimate" seems to return the reward that should be given to the user for a block just founds, but the name seems to suggest something else. 2. Make sure the r used in the reward calculation is based on the current p. |
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There is even a bar in south Tel-Aviv that started accepting Bitcoin a couple of weeks ago. If you can buy beer in Bitcoin, it's THE sign this currency's gonna work  Which bar? I'm going to be in Tel_aviv soin and would like to stop by. |
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What's the payment period of PureMining?
From twice per week, to once per week, and ten days one payment.
What day payments of this time will happen?
Sent a coupon now and will try to restore the weekly schedule. |
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I'm not sure that broadcast has all its facts right.
Things are in a bit of disarray and I only have first-hand knowledge of some of the events.
I think "banning transfers to Mtgox" is the exception rather than the rule (and that banning transfers to Japan in general is a fib). The rule is imposing limitations on local Bitcoin exchange services due to a concern about AML compliance.
The whole thing is currently being explored with several government agencies.
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ניב בן 21 מרמת גן
שמעתי על הביטקוין דרך חבר מהבסיס חשבתי שזו סתם שטות אבל אחרי שהתעמקתי אני רואה שזה משתלם
מה אתה מתכוון ב"משתלם"? שאפשר לעשות בזה הרבה כסף ומה או שזה דרך לשינוי הכלכלה ? או משהו אחר? יכול להיות שהוא מתכוון לכריה, ואם כן צריך להזכיר לכולם ש Bitcoin is not about mining! |
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He has real estate assets which could be liquidated to cover his obligations if it comes to that point.
I wouldnt have lent anything if I had known that this was a lie... or at least without any proof just made up to drag us into this whole mess. I clarified abundantly that I had no first-hand knowledge or proof about either his assets or intentions; and that everything ultimately rests on his good intentions. We thought the information we had was sufficient to justify the loan. We were wrong. |
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I'm incredibly busy right now so I won't be able to dedicate any significant time for this, but I can contribute some funds to the effort.
Great... so first you are dragging us into this and now you dont have any time to solve it... We've been over this already. I didn't drag you to anything, I managed the IPO. You made a bad investment decision (as did I) and you are now looking for someone to pass the responsibility to. I'd like to remind people though that the chance to actually recover funds isn't great.
That did sound pretty different at the beginning too... At the beginning I believed Alberto intended to honor the bonds. Now I don't. And I wrote a post mortem specifying this change in belief over half a year ago. Anyone ever asked himself what Meni Rosenfelds true role is in all this?
My true role in all this is exactly what is specified in the OP and following posts. What i can guarantee: The actors in this fraud gonna regret it.
I'm not an actor in any fraud but you can be sure I'm regretting ever taking on this job. That too I explained in depth in the post mortem. |
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There are some services that accept Bitcoin but not of any of the kinds you mentioned, I don't know of many which will be relevant to you (and the lists of such businesses are in Hebrew). Of some note is the bar / vegan restaurant "Bar Kayma" in Hamashbir 22 Tel Aviv ( http://barkayma.co.il/english/). Edit: There's also http://www.shevet-ahim.co.il/en/. |
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Thats great to hear you are upgrading to ASIC will this cost us something or is this a friendly upgrade As I clarified now and multiple times earlier, PureMining is a deterministic bond. It is not affected by private events such as an ASIC upgrade. |
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Thanks, for some odd reason the website won't load for me  anyway my next question is since the difficulty and network total keep going up, thus making mining less profitable everyday, is there a point where you would consider switching a portion to other alt coins? for example litecoin and ppcoin are making more money with mining power and if that was sold at market price it would make for a profit increase, just an idea  Thanks PureMining is deterministic so these considerations won't affect the coupon payments. Anyway, the mining used to hedge this are based on BFL FPGA (hopefully, soon to be upgraded to ASIC) which I don't think is suitable for these alts. Meni Rosenfeld, no payments for more than a month?
yes, payments was given on 10 march, 19 march, 28 march, 4 april.
didn't check address.
Edited
This post is kept up to date with the coupon payments. |
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אני נתקלתי בזה מספר פעמים.. שהמחיר הרגעי גבוה מהמחיר הגבוה בתאכלס המחיר הגבוה לא אומר משהו מיוחד אז אני פשוט מתעלם ממנו אפשר להשתמש בלינק הבא http://bitcoinity.org/marketsהוא יושב על ההיצע והביקוש של mtgox נראה לי שה-ticker שכולל בתוכו את ה-high מתעדכן אחת לדקה, בעוד יש streaming רציף של הפעולות. לכן ייתכן של-high לוקח זמן להתעדכן כשעוברים אותו. |
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הי,
באיזה פקטור הולכת לעלות דרגת הקושי בכרייה? אפשר לרכוש היום מחשב כרייה תמורת משהו כמו 6500 ש"ח, שיעבוד ב- 2GHs או יותר, שזה אומר בערך 0.15 מטבעות ביום. זה יוצא יחסית לא רע, ואפשר להחזיר את ההשקעה, השאלה אם הקושי הולך לעלות בצורה דרסטית בשלושת החודשים הקרובים (בהנחה ששער במטבע לא ייפול באופן מפתיע). מישהו כבר עשה תחזיות?
תודה.
איפה אפשר לקנות מחשב כזה? הרעיון בגדול הוא לקנות רכיבים סטנדרטיים ולהרכיב מהם מחשב, יש כמה guides איך לבחור את החומרה. לשם השוואה ניתן גם לקנות מכונה ייעודית באותו מחיר שתעבוד ב - 25 GH/s, הבעיה היא שייקח לה כמה חודשים להגיע. |
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יכול להיות שיש בעיה ב mtgox.com?
כבר יותר מיום שאני רואה שם מספר פעמים בטיקר מחיר אחרון שהוא גבוה יותר מהמחיר ה "הגבוה"
בנוסף המחיר המשוקלל רק מתקר למחיר ה"גבוה" בעקביות
זה נראה כאילו יש תקלה בה המחיר ה"גבוה" המצויין בטיקר לא יכול להשתנות כלפי מעלה ואילו השוק רוצה לעלות עוד ועוד.
אני לא נתקלתי בתופעה הזאת, תוכל לתת דוגמאות? |
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