Yeah, I'm feeling the same. Mostly though regarding the GPUs bought in Dec, those became worthless much quicker than expected.

Gridseed has done a great job at mass producing these and making it easy for people acquire them quickly. The downside to this is difficulty skyrockets lowering profitability.

I am very tempted to go in for more at the latest offer of $165/each for 20 units, but am beginning to think it might be best to wait until the price levels out at what the manufacture is willing to go to. KNC announcing a unit for $10K for 100Mh/s (for $100 per 1 Mh/s) also makes me think the price will continue on down.

Does this contain just the ASIC packages themselves?

Or does this contain the standard gridseed unit (5 ASIC, gridseed board, heat sinks, fan) but not include cables, power supplies, etc.

Just wanted to check because the "ASICs only" description was confusing. Thanks

"Unusaby crash-prone" is an understatement, at this point I've tried the following setups over the past 2-4 weeks to try and get Armory working but still with zero luck. All systems are spec'ed well enough.  

0.88, WinXP 64, existing system       - bitcoind stable, Armory crashes on sync
0.88, WinXP 64, clean install            - bitcoind stable, Armory crashes on sync
0.90, Win7, existing system             - bitcoind stable, Armory crashes on sync
0.90, Win7, clean install                  - bitcoind stable, Armory crashes on sync
0.90, Ubuntu 12.04 LTS, clean install - bitcoind stable, Armory crashes after ~10ish minutes
0.91 test, Win7, clean install            - bitcoind stable, Armory crashes on startup (leveldb missing error)
0.91 test, Ubuntu 12.04, clean install, compiled from github - bitcoind stable, Armory crashes on startup (leveldb missing error)

I've tried the above systems under multiple setups, first with .bitcoin and .armory located on a remote ZFS samba server (which I use for all home files) and then switched to default locations on the local host drive. I've also tried using my existing blockchain and letting bitcoind re-download the blockchain from scratch at least 3 different times. I am not an "average user".

The failure to run on a fresh Ubuntu 12.04 LTS system both current version and github latest beta to me just speaks volumes. It's a shame because I'd like the combined features of deterministic wallets together with multiple wallets and Armory is the only option that does that currently does this, but Armory just does not run. I've asked in other threads what to do and what error logs to post, but the developers sounded offended and didn't offer any real suggestions.

I think kentt is right and many try, fail and leave without posting. Since I've started to pay attention to the Armory forum about a month ago I've also seen several threads on crashing for which little help was offered and no resolution provided. I've been unusually determined to try many different configurations to get it to work and at this point am probably close to 24 hours of screen time, the vast majority of users I'm betting abandon before that.

If the devs are serious about making Armory a real wallet then they need to take every single post on Armory not working or crashing seriously and bring a resolution to each and every posted issue, otherwise the bugs pile up until Armory is not functional for most users in most situations.

Sorry if this became a bit of a rant, but I've spent a silly amount of time on this.

Agreed that is seems many are over estimating the US's influence.


I think you are misunderstanding why most nations follow the US "lead" today, and why it is different with Bitcoin.

The simple reason why many nations follow US rules regarding money is the US if the reserve currency. As such the US can say "you (Russia) have to follow our regulations x, y & z regarding money and if you do not we will remove you from the FED depository system." Without access to the FED entire nations can not trade since the dollar is the world's reserve currency and all trade happens in US dollars.

But with Bitcoin the US has no control and mechanism to enforce its self declared rules. In fact, most nations are actively looking to get out of the thumb of the US, have you picked up a newspaper recently and seen not just Russia's maneuvers but also Chinese, Indian and many others response?

The issue with US authorities creating a colored coin system and tainting coins they don't like, is simply that Bitcoin is an international system and trying to get all of the world's authorities to agree to a common regulatory framework is simply impossible.

Consider what will happen if the US uses regulation to taint coins out of their control:
1) The US market will split in two, a white market and a black market. Many people will have both and there is nothing that can be done to stop it. White market coins will be used with reputable businesses, but at the same a thriving black market would be created around tainted coins. This will be similar to when alcohol was made illegal and the country simply ignored the ban, but the long term effect was the rise of organized crime which took the FEDs two generations to get under control.
2) US based bitcoin startups/businesses and silicon valley would howl that the US is missing out on the next great new innovation by limiting US firms' ability to compete. The US always wants to be at the front of innovation worldwide and does not like missing an opportunity.

At the same time, tainted coins would maintain their value because said regulation is not global and tainted coins would still have value in the EU, SA, Asia, etc. It might be necessary to pay a "service fee" to use overseas cash-out "services" and there would be some risk, but it would be a vibrant and competitive market. So the end effect would be tainted coins would not lose too much value.

The end result is a US tainted coin regulatory system would simply: 1) Hamper US business 2) Foster an underground black market that would be difficult to stop once it gets going and 3) have little practical effect on tainted coins value.

I'm not saying they won't try, but it is a long term futile effort IMHO.

The only thing I could find was the "Hacking together the power" section. That section shows how to wire up a unicorn hasher(?) up to a wall socket and connect that to a barrel connector.
https://bitcointalk.org/index.php?topic=494625.msg5448809#msg5448809

But I could not find how to best connect up to a standard ATX power supply. Since I'm transferring over from GPU mining, I already have 1200W power supplies ready to go and would prefer to just reuse those. Splicing the molex connector is straightforward, but not sure which is which on the barrel connectors...

Any guidance on that would be great.

That's interesting, any pointers to when the larger boxes will be ready and who is building them. I'm trying to decide if it's best to go all in for a bunch of gridseed round devices, or wait for a better form factor...

Thanks Zoomhash for running this GB. Just went in for a few batch 6 parts to test these out. Thinking maybe I should sell my 290s now...

After scanning the thread it seems there are a few different options to power them. I'd like to use the power supply for my GPU farm to power the gridseed parts since after testing I'll probably just transfer over from GPU mining to gridseed mining and might as well reuse as much as possible.

Is there a recommended way to connect to an ATX power supply? It seems splicing a barrel connector into a molex or PCIe power supply connector is the way to go. Are there any suggested parts and or DIY guides? Thanks!

Maybe those are the accounts that used transaction malleability to withdraw the same funds several times over? 

No that would assume Mark had some level of competency required to get his customer service and accounts in order.

Ah coastal liberals, you can always count on them for making the most racist statements anywhere, while simultaneously talking about how open minded they are and how evil it is stereotype groups of people.

+1, yes this is all absurd.

Sometimes I worry that the real reason I am into bitcoin is purely for the constant daily entertainment. It's better than movies or TV, which I've largely given up due to lack of imagination.

But bitcoin, every single week another crazy bomb is dropped out of no where that provides endless speculation, investigation, discovery and rebuttal.  So. much. fun.

Richy, there is no point in arguing with JayJuanGee because he is one of those who plant false flags in order to make points based on unsound positions.

Libertarians believe in small limited government, which is the concept of the US, at least for the first 200 years. But liars and liberals such as JayJuanGee find it easiest to go around saying that liberatians believe in zero government and complete anarchy, because their positions have zero backing.

This is an interesting topic, too much of anything regardless of its short term benefits, is a bad thing that can lead a larger collapse.

The concept of central banking as it was originally proposed was not a bad idea. Central banking was never suppose to reach the massive level of control it wields today. It was suppose to help smooth contractions by providing a very limited bridge. The problem is it is centralized and the people in control use the printing press tool more and more and more, until everything and everyone is reliant on central banking constantly expanding the balance sheet. Now when the system inevitably crashes, the crash is worse than anything that could ever have happened on a gold or similar standard.

Penicilin similarly is a saver for humanity, provided it is used only when needed. But instead we decide to use it for everything, which both makes germs resistant and stronger and humans weaker. At some point a disease is introduced that causes a larger scale epidemic than could have ever happened if penicilin was never introduced.

What I like about bitcoin from a monetary perspective is, since there is no bailout entity banks and other firms who take risks and crash are wiped out as they should be (including their investors and customers), instead of constantly growing due to central banking interventions. In this manner no entity becomes large enough to have a disastrous system wide effect. There may be multiple smaller downturns, but no massive blow up.

You are clearly racist for saying that Putin is more peaceful than Obama. At least that is what I am told every single person who has questioned out beloved leader is.

Thinking about a need for insurance means that people are not yet seeing the full potential of the protocol yet.

Insurance is only needed when you do not fully control a situation. This can include whether or not a fire will burn your house down or if a bank will go under and take your savings with them.

But with the bitcoin protocol you can fully control a situation. For example you can build an exchange where deposits are co-owned by the exchange and customer using n-of-m transactions. The customer only gives final release of the coins when they trade and otherwise if the exchange goes under they can pull their bitcoins out. If you are worried about losing private keys, you could similarly create a central clearing house that maintains a second set of keys under an n-of-m system, then if you lose your keys the cental clearing house can recover the coins for you (of course here you'd have to trust the legal infrastructure around that, I wouldn't but people are free to do so).

These situations are better described as services that you pay for, but are not insurance.

That has been exactly my thinking.

The Gox BTC disappeared into the market a long time ago and they were operating in a fractional fashion.

This means that the perceived money supply was larger than it actually was. People thought they owned coins they didn't in fact own and someone else was using. Now that the truth has come out the perceived money supply has been reduced by ~6%. MtGox people can either purchase the BTC that they wanted or exit. Exiting has already been priced in, but purchasing more drives the price up.

I'm inclined to think this could go higher in weeks/months. It takes time for people to accept the loss. Many and still in a denial phase shocked that their $10K or even $100K nest egg is gone, and think courts or something will get it back. As the realization and acceptance sets in, then new decisions have to be made given their new situation (which is BTC broke)

The UK is still going to tax bitcoin with all the standard gains, and income rules.

They are just not going to layer an additional 20% VAT on top of all bitcoin transactions, which would have effectively outlawed bitcoin in the UK.

I found the title to have meaning because it it shows her massive hypocrisy in attacking specific groups of people based on superficial attributes regardless of which group is attacked. For example, If we're going to round up all the evil white males, why don't we next go after all the Jewish people. At least that was my interpretation on the OP's title.

You response also is an example of the close mindedness of thinkprogress and similar lefty sites. Here you decided to take offence with the OP's first point and simply use that sensitivity to state that all following points are automatically not valid despite what they are. That's a good example of how political correctness is really used to shutdown debate and discussion.

The largest demographic of poor people in America is white people. And by white people I mean white according to the definition used in the 1800s and early 1900s which was English, not the definition today which is any European. Drive through Appalachia through WV, KY, AR to OK, and you will see some significant poverty primarily among populations that have been in the US for awhile. At the same time out here in the west coast we have tons of wealthy asian, indian and mexican communities because the US is open to all who want to educate and better themselves because the US is awesome that way.

But no, let's keep screaming about all the rich evil white people because no one else is capable. /sarc

I have my own script that watches every 5 seconds for if cgminer crashed, and if so automatically restarts and logs the restart.

The boards need a restart exactly every 36 hours (plus or minus a few hours forget the exact number off the top of my head). What is strange is this restart time is exactly the same down to the minute. Makes me think there is some deterministic memory leak or something else happening...