Pre-order customers got "had". We got "had" as much by our own greed and the falling bitcoin value as we did the false promises and over-priced ASICs of Sam Cole.
Sorry, I don't accept that we got had by our own greed. KNC did not deliver the product we ordered when promised. End of story. Truly that is the end of the story but a story has many chapters. Given that KNC wasn't able to force anyone to purchase a device, if not for greed, then why at US10k per device (for a scrypt device!!), did we set the story in motion? What were we thinking? On reflection, I believe I was had in part by my own greed. |
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A more interesting question is how the volatility and pressure on bitcoin prices affects KNC's ability to raise capital for new investment.
My uninformed personal guess is that it hurts it badly.
The pyramid scheme for KNC is harder to trick people now. Retail customers got had. Institutional investors and Wall Street on Neptune and early titans know how to count the numbers better than regular people. There were no retailers and no pyramids, we bought directly from the manufacturer. Pre-order customers got "had". We got "had" as much by our own greed and the falling bitcoin value as we did the false promises and over-priced ASICs of Sam Cole. These venture capitalists will also be "had". It will be the same story with only a handful of venture capitalists involved instead of thousands of "regular people". They're just late to the party - we were in on the ground floor. |
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Ok, I just bought a brand new HD intended exclusively for bitcoins. I intend to install windows 8 on it, and then some software to generate the address. Which software should I use?
And yes I know the whole process must happen offline, and I also intend to format both my HD and pen-drive right after noting down the address. Is this safe enough?
Formatting a drive doesn't clean it. You need to securely delete the files you placed on that new drive with a good drive-wiper or file-shredder. You can get a free one from Microsoft - http://technet.microsoft.com/en-us/sysinternals/bb545046 called SDelete. It's a command line though and you'll have to learn the options but it's very compact ~80kb How are you going to securely transfer existing bitcoins to your newly created address(es)? Why don't you have any worries about that? |
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inflation, bruh ... still distributed (socialist coin). No need to hurry, bruh as people are turned off by this crash anyway. If this dead cat bounces ... will hammer down even harder ... don't rush to buy ...
What does bruh mean? bro , brother  Ah! Merci |
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inflation, bruh ... still distributed (socialist coin). No need to hurry, bruh as people are turned off by this crash anyway. If this dead cat bounces ... will hammer down even harder ... don't rush to buy ...
What does bruh mean? |
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What the hellīs up with Havelock ? I tried to withdraw a lousy .05 BTC but that failed and I was informed that funds would be transferred from their cold storage to the hot one and I could try again in one business day, Really? How bloody annoying. And now I canīt even log in.
See, again this sort of post is tangential to the AMHash thread. It is "off topic" and therefore generally unwelcome. that post has everything to do with amhash, are you blind  Iīm too rude to apologize for mentioning the platform on which the AmHash shares trade so thanks. You're not rude; you're merely ignorant of board etiquette and topicality. |
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What the hellīs up with Havelock ? I tried to withdraw a lousy .05 BTC but that failed and I was informed that funds would be transferred from their cold storage to the hot one and I could try again in one business day, Really? How bloody annoying. And now I canīt even log in. But, I must hasten to add, this is actually the first and only complaint to speak of I have with them. Been a real pleasure until now and probably will continue to be, at least I hope so.
See, again this sort of post is tangential to the AMHash thread. It is "off topic" and therefore generally unwelcome. You should post this sort of thing in the "Havelock has lock on my funds" thread. Try posting that info here - https://bitcointalk.org/index.php?topic=135035.0 and you might even get some satisfaction. |
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Back to the coming AmHash 4 and its pricing.
Difficulty +7% in a day or so, BTC at 270 and chronically weak - I think .0008 is absolute top. Anticipating a dividend of 600 fairly soon, maybe itīll tank more. Maybe theyīll just call off the issue. Too embarrassing to have it 33% cheaper than the one from just a month or so ago.
Well AM has generally priced their wares at a price point of about 100+ days ROI (without taking electricity or future diff increases into consideration) so you might be surprised when they set the price AMHash4. I would be surprised if it isn't closer to 0.001BTC/GH By the way, thanks for getting back on topic. Please keep it that way. It has to be lower than where the current issue trades. Otherwise it wonīt move much I guess. If the mining industry refrains from boosting difficulty the next period and if BTC doesnīt tank further the shares could hold a dividend of 600-625. So, 0.0008-0.00085 tops. P.S. I see that Ms. Market took the bid down to .000835 just now. Sensible. That's just the weekend effect. Not much action. Itīs of course highly unlikely but still thereīs an outside chance that some of them pay more attention to trading idiots than mining geniuses. I'm sure it's a consideration but AMHash has a unique product which they can readily convert it to fiat without us. Theoretically, a free market would give them at least as much as they could get going it alone would it not? You're right; there will have to be some compromise between mining genius and trading acumen if they list AMHash4. |
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so? no news good news?
FC late login today.
It would be nice to hear some word from FC, atleast we would know that he didn't died at "drawing board" We know that sample chips works better than expected, string design also works, so propably next news will be announcment of new product. Prisma 3.0? The expected date of first batch is April 10 to April 30. Potential delay will be notified three months ahead. Hashrate per device and power consumption: Normal mode - 1.0TH/s guaranteed. 1.6TH/s maximum. 0.25-0.27W/G. Turbo mode - 1.2TH/s guaranteed. 2.0TH/s maximum. 0.30-0.33W/G. this is a update This is very good news but is it an official update? Cand ai inceput sa lucrezi pentru Asicminer? |
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Back to the coming AmHash 4 and its pricing.
Difficulty +7% in a day or so, BTC at 270 and chronically weak - I think .0008 is absolute top. Anticipating a dividend of 600 fairly soon, maybe itīll tank more. Maybe theyīll just call off the issue. Too embarrassing to have it 33% cheaper than the one from just a month or so ago.
Well AM has generally priced their wares at a price point of about 100+ days ROI (without taking electricity or future diff increases into consideration) so you might be surprised when they set the price AMHash4. I would be surprised if it isn't closer to 0.001BTC/GH By the way, thanks for getting back on topic. Please keep it that way. It has to be lower than where the current issue trades. Otherwise it wonīt move much I guess. If the mining industry refrains from boosting difficulty the next period and if BTC doesnīt tank further the shares could hold a dividend of 600-625. So, 0.0008-0.00085 tops. P.S. I see that Ms. Market took the bid down to .000835 just now. Sensible. That's just the weekend effect. Not much action. |
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Back to the coming AmHash 4 and its pricing.
Difficulty +7% in a day or so, BTC at 270 and chronically weak - I think .0008 is absolute top. Anticipating a dividend of 600 fairly soon, maybe itīll tank more. Maybe theyīll just call off the issue. Too embarrassing to have it 33% cheaper than the one from just a month or so ago.
Well AM has generally priced their wares at a price point of about 100+ days ROI (without taking electricity or future diff increases into consideration) so you might be surprised when they set the price AMHash4. I would be surprised if it isn't closer to 0.001BTC/GH By the way, thanks for getting back on topic. Please keep it that way. |
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WTF guys! This discussion has no place in the AMHash thread. Please take the arguments elsewhere. Create your own thread with a relevant subject such as "Discuss the nature of variance as it applies to Bitcoin" or "Bitcoin hashrate can never be accurately know but only calculated based on the number of blocks found per unit of time: Discuss"
This thread is about AMHash.
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yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"
Well Venture capital is there for those unfortunate events... Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did. I don't mean to argue but, seriously - venture capital is NOT there for such things! It is there to make a return for the investors. PERIOD. Insurance policies are there for such things! Yes and occaisionally negative returns - Solyndra Amp'd Mobile lost ~ $360million. (edit Solyndra lost considerably more for VCs) There's a fairly long list of VC funded companies that are now bankrupt. Fortunately for us, Asicminer hasn't sought finds from venture capitalists... at least not according to the last financial statements |
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thats it im out. made 0,3BTC profit  i got out couple of days ago too, i smell a shit storm coming. well if u look at how low it is at the other place. u could smell it a mile away. Everyone is complaining about the Bitcoin situation, but I would remind them about the GPU only algorithms (X11, X13, X15, Nist5, Neoscrypt, Lyra2 etc) miners are actually making technical annualized losses on their daily mining in USA and even in Iceland. Darkcoin mined at exchange price of 0.006BTC generates 3.5 cent profit per day in the USA, which equals to anual income $12.77 and even over the 3 year warranty of Nvidia 750TI (maxwell silicon is the most efficient hasher) it equates to a net income of $38.77. A Nvidia 750 TI costs $160, this translates in loss of 3 year loss of $121.23 dollars, this does not even include additional $280 dollars needed to build the PC to mine with? LOL Even, if you moved to Iceland, where electricity is 3cent a watt; mining Darkcoin with one Nvidia 750TI would generate a net annual income of $43.80, over its' 3 year warranty this equates to $131.4. A net loss of Ģ28.60. Essentially, everyone mining on the GPU algorithms is making technical losses over the warranty cycles of newer GPU's. Currently, a lot of old Fiat Currency Profiteers with 7950's, 7970's, 7990's owners paid of their PC rigs investments costs between 2012-2014 during the Litecoin (scrypt) boom, essentially these people will continue to mine until the electricity costs are off greater value to the coin value. These people are constantly cashing out into Fiat Currencies and producing X11 prices that are $121.77 below the cost of basic hardware to mine that any GPU crypto currency. When these ancient AMD GPU rigs begin failing over the next 2 years e.g. PSU needs replacing or CPU or Motherboard or the GPU's these Fiat Currency Profiteers will simply stop mining, But, the Litecoin boom to $28 was huge and their are proportional huge number of older GPU's that mine to earn Fiat Currencies that need to disappear. Therefore, in about middle of 2016 onwards the Darkcoin price will move from 0.006BTC to 0.188btc, the point at which investing in new GPUs becomes economically doable or 66% of GPU hashpower will disappear from the network and remaing loyal miners will get 3 times as many coins for their hashpower - a great time to hoard the increases in coins. Of course, Darkcoins daily production is controlled by the organisation (can be raised or lowered to support the price), it is unlikely you will get 3 times as many Darkcoins for your hashing power from 2016 onwards. Therefore, a major price correction upwards to reflect the cost of buying new GPUs occuring is the most likely outcome. It is noticeable, the AMD and Nvidia have no intention of releasing new silicon designs until 2016, because this is when there is the potential of extra profits from sales to miners of crypto currencies e.g. why waste money rushing out GPU's in 2015, when it will be more profitable to slowly develop them of 2016 with extra profit margins. Secondly, whilst the software developers of CCminer and Cubaminer are strongly funded by donations by Nvidia owners, the older generation of AMD Fiat Currency Profiteers are not even funding with donations the development of SGminer optimizations for wider mining community. LOL Currently, their are modified bins and modified Kernels that increase hashing power on Sgminer that are not in official versions as follows: X11 50% has been leaked X13 50% has been leaked, a newer version offers 75% gain over the official release Neoscrypt 93% you can buy the latest optimizations privately from Wolf0. Clearly, even the donations from the mining community for research and development have fallen to pieces on the AMD side of GPU's software development and the SGminer developers are having to sell there improvements privately to justify their research endeavors. Obviously, if you are mining on 2-100 year time span these medium term issues are irrelevant. But, the Bitcoin network is working well in comparison to GPU based crypto currencies. Hello moderators?! Come on people the topic of this thread is AMHash. If you want to have totally unrelated discussions create a new thread with that topic. A little bit of extraneous banter is okay but this is over the top. Way over. |
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Hi, Happy New year. I wish the best for Auroracoin for this new year. Here my AUR address : AMJLmW5QEpAPWrbsKbAs1yUtmeQhUtrxHH Thx 
You've reneged on your very first promise as the new Baldur. Not a good start.Hey guys happy new years, the first person to post their auroracoin address as a comment to this thread will receive 200 Auroracoin for being awesome! www.aurorapr.co.vuHi guys the winner of the new years eve competition will be announced on Monday the 5th of Jan 2015 on www.aurorapr.co.vuSpoken like an artful dodger! You used to work for BFL and KNCminer, didn't you! Haha no just a student on a mission Well good luck but I think you could spend your talents on more noble pursuits. I wont be back here anymore. |
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Hi, Happy New year. I wish the best for Auroracoin for this new year. Here my AUR address : AMJLmW5QEpAPWrbsKbAs1yUtmeQhUtrxHH Thx
You've reneged on your very first promise as the new Baldur. Not a good start.Hey guys happy new years, the first person to post their auroracoin address as a comment to this thread will receive 200 Auroracoin for being awesome! www.aurorapr.co.vuHi guys the winner of the new years eve competition will be announced on Monday the 5th of Jan 2015 on www.aurorapr.co.vuSpoken like an artful dodger! You used to work for BFL and KNCminer, didn't you! |
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Hi, Happy New year. I wish the best for Auroracoin for this new year. Here my AUR address : AMJLmW5QEpAPWrbsKbAs1yUtmeQhUtrxHH Thx
You've reneged on your very first promise as the new Baldur. Not a good start.Hey guys happy new years, the first person to post their auroracoin address as a comment to this thread will receive 200 Auroracoin for being awesome! www.aurorapr.co.vu |
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Hey guys happy new years, the first person to post their auroracoin address as a comment to this thread will receive 200 Auroracoin for being awesome! www.aurorapr.co.vuPerhaps, xhomerx10 tell the truth. I don't received the 200 AUR... You can check my addresses in the blockchain. If I did get the 200 AUR you can have them. |
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Off topic posts like this one should be deleted. Where is the admin?? Oh, that's right - he's disappeared. This coin and all it represented is dead. Thread should be locked. Why don't you start your own thread false Baldur?
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