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841  Alternate cryptocurrencies / Altcoin Discussion / Re: What happened to mtrlt?: Breaking News on: August 24, 2013, 03:12:53 AM
i'd just like to know if you are his spokesman? if he is for real then he should respond clearly in a manner that may dissuade fears.
I have never met the man, I have never had dealing with the man, I did not donate to him.

That said, I have done programming in the past.  While GPU programming is outside my league, I have sufficient math background and knowledge to know what is entailed in the fermat testing that he is attempting to port over.  If you were to ask me, to quickly and successfully port this over, you'd need a person with at least a masters degree in mathematics along with a person with intimate programming knowledge of GPUs.  Since I doubt mtrlt has both of these things, I forsee a lengthy challenge in getting this ported over.  Computers can easily deal with the large numbers we have here:  While saying 2^255 does not seem big, as a binary number (which is the easiest way to deal with large numbers in a GPU), we are talking a number that looks something like this:

1111111111111111111111111111111111111111111111111111111111111111111111111111111 1111111111111111111111111111111111111111111111111111111111111111111111111111111 1111111111111111111111111111111111111111111111111111111111111111111111111111111 111111111111111111

And that is the smallest number primecoin deals with.  I'm not going to show you 2^2000, but FYI it's almost 8 times as long.

The GPU has no registers that allow a number this large to be calculated, so the program involved must break this down into smaller chunks and perform the calculations and then put them back together again without error.

Mainly, I do not suffer fools gladly.   Hmmm, I should make that my signature.
842  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin High Performance on: August 24, 2013, 03:00:22 AM
I finally got brave today and checked all of my computers.  6 days, 5 computers (2@~.8 and 3@~.45 chains per day), 4 blocks.

Needless to say, I are happy!

Do you mean you're not checking at all? At least, you make sure that everyone is still mining, right? It would be too bad to have idle miners for days Grin
I have one main system I use with 4 others in the house currently operating (need a PSU for one, some troubleshooting on another and an old AMD laptop I doubt would get .05 chains per day).  Since I was clueless about wallets, I have 1 on each system.  I guess I should check that they are running more often, it's just that if I saw 2 blocks one day and no blocks for 3 days(which did happen), I might get discouraged and switch and miss the next 2 blocks.  Mining is still in the 'hobby' stage for me, so the 'loss' would not be a big deal.  Being retired, I don't have a huge need for the mining income, but it's nice to see Wink
843  Alternate cryptocurrencies / Altcoin Discussion / Re: What happened to mtrlt?: Breaking News on: August 24, 2013, 02:52:09 AM
I saw the footnote and the only mistake I noticed was point 11 "Can teh readers"

Another well written post although it would be better if you addressed the points after you listed them, being such a long post I had a hard time remembering what each point was in reference to
True.  Unfortunately my overall thought was his "one erroneous statement I made. All other of my facts that you speak of as if false that I have made are correct as far as we are concerned." comment.  In addition, some points needed other points in order to show his mis-stated 'facts'.
844  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] So, why is porting primecoin mining to the GPU so difficult? on: August 24, 2013, 02:47:47 AM
Base 2 Fermat test is strong enough. It's known that pseudoprimes are extremely rare compared to primes. The term probable prime is misleading to layman because they are actually almost certain primes.

In fact I would be very surprised if you can find a pseudoprime in the block chain.
Pseudoprimes are not that rare! Here is an example:

341, 561, 645, 1105, 1387, 1729, 1905, 2047, 2465, 2701, 2821, 3277, 4033, 4369, 4371, 4681, 5461, 6601, 7957, 8321, 8481, 8911
22 Pseudoprimes by 8911 as compared to 1384 prime numbers.  Definitely very uncommon.  Plus, similar to Mersenne Primes, while there are a lot of psuedoprimes at the lower range, they become a lot more scarce:  22 mersenne primes had an exponent less than 10,000.  #48, found Jan this year, and has an exponent of 57,885,161
845  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] So, why is porting primecoin mining to the GPU so difficult? on: August 24, 2013, 02:12:03 AM
There is already a fast implementation of the Lucas–Lehmer primality test on AMD cards, I'd guess one for the Fermat primality test would be a matter of time.

http://mersenneforum.org/showthread.php?t=12576&page=176

Mfakto implements sieving as well: http://www.mersennewiki.org/index.php/Mfakto
The Lucas-Lehmer test currently available on GPU is very simple compared to the fermat testing needed for Primecoin.  A mersenne number is stated as 2p-1.  In order for a mersenne number to be prime, P must also be prime.  As stated on http://Mersenne.org/various/math.php, The Lucas-Lehmer primality test is remarkably simple. It states that for P > 2, 2P-1 is prime if and only if Sp-2 is zero in this sequence: S0 = 4, SN = (SN-12 - 2) mod (2P-1).  Trust me when I say the explanation is a lot harder than the actual math involved.  To prove 27-1 is prime take 6 steps, which is 1 less that the exponent of 7.  The current record Mersenne Prime, 257,885,161-1 took 57,885,160 calculations to prove as prime, requiring 15 days on my overclocked i5-2500k (4.3GHz) compared to ~4 days on an nVidia GTX 480 or ~3.5 days on a GTX 580.

Trial factoring is even easier, as all factors of Mersenne numbers can be expressed as 2 * k * P - 1.  Since 2 and P are givens, you simply sieve out prime k's from whatever bit depth you are working at and take 2kp-1 mod (2^P-1).  The fast fournier transforms available make GPUs operates at speeds in excess of 100 times a CPU.

The more complicate P-1 test, which has 'somewhat' successfully been ported to GPU can barely get 2-3x the speed of a good i5/i7.
846  Bitcoin / Hardware / Re: BFL MiniRig Line:Concerned on: August 24, 2013, 01:39:54 AM

I'm very concerned and have not too much hope that any of the Minirigs will pay back. Our only chance would be a refund, maybe we should see how we can work together to get our money back?

I have a minirig order from March of 2013. They have refused my refund. I am going to pursue legal action with a very good friend who was an attorney at Federman & Sherwood for 5 years and recently took a better job. This case is exactly their bread and butter. If you have been refused a refund and are interested in your legal options, please PM me.

Thanks.
This is what I love about the instant gratification crowd... "not too much hope that any of the Minirigs will pay back" and They have refused my refund. I am going to pursue legal action.

Personally, I hope you request AND get your refunds.  That way, 6 months or a year or 2 years down the road when all the bitcoins you WOULD have carefully mined and stored since the receipt of your unit become worth 10-20x what you paid for it, I can laugh at your for your shortsightedness and stupidity.

Waiting for over a year while enduring insults and disdain from BFL hardly qualifies one for the "instant gratification crowd".
Also, they could just buy Bitcoins with the refund. Then they would actually have Bitcoins instead of mere promises of them.
I always love your comments, your tangential views on the world at large are always refreshing.

Might I point out that while you are correct in your definition of the term 'instant gratification' you fail to see the bigger picture behind it.  In this case, once the realization "that RoI could not be made"  this is the point at which I was referring to for Instant Gratification.  Up until this point people were quite willing to wait, cause they could still see those $$$ in their dreams.  Now that their dreams have fallen to the wayside, there is no hope of instant gratification any longer and now they want refunds and lawsuits.
847  Alternate cryptocurrencies / Altcoin Discussion / Re: What happened to mtrlt? Did he just scam us of 75 BTC? on: August 24, 2013, 01:33:48 AM
1. Average US income was assumed to be minimum wage due to the general state of the economy. This was an error on my part, and I acknowledge it.
2. I never called myself a journalist. Don't put words in my mouth.

Well, there is nothing more for me to say, because your whole debunking-of-all-my-facts streak was just correcting one erroneous statement I made. All other of my facts that you speak of as if false that I have made are correct as far as we are concerned.

The reason I chose this thread title was to gain attention to raise awareness to the situation I am trying to get eyes on. You gotta make enthusiastic titles, and asking a question like I did there is the best way. Tongue As I said, I'm not pretending to be a journalist or a reporter. I'm just helping people know what's going on.

Any further bias I have added past the original post has been due to my bitterness. I acknowledged it.

Even if I was biased, It still doesn't change the fact that mtrlt could have scammed us, for all we know, and I think that is something that everyone should know. Ultimately, I think you're just trying to seek ways to discredit me. Did Mtrlt pay you to write that post?  Roll Eyes He sure could have with that 45 BTC that has left his BTC address.

Or maybe I have schizophrenia. Tongue

You decide.
Thank you for your kind words, please see this thread:  https://bitcointalk.org/index.php?topic=280201 for my reply. (Post #4)
848  Alternate cryptocurrencies / Altcoin Discussion / Re: What happened to mtrlt?: Breaking News on: August 24, 2013, 01:30:43 AM
Good Evening!

Our top story today continues to be the mtrlt situation.  Earlier today I pointed out that a poster had made a statement about mtrlt having received 7 months of average US income, this posters name is ReCat.  In response to my report I received these comments from ReCat:  "Average US income was assumed to be minimum wage due to the general state of the economy. This was an error on my part, and I acknowledge it."  "I never called myself a journalist. Don't put words in my mouth." and "Well, there is nothing more for me to say, because your whole debunking-of-all-my-facts streak was just correcting one erroneous statement I made. All other of my facts that you speak of as if false that I have made are correct as far as we are concerned.".

This reporter *is* concerned with getting all of his facts straight, so we looked into ReCat's accusations.  This is what we found:

1) On Aug 21st at 8:10:55pm ReCat made these statements:  "It has now been one month and three days since he created the thread, he has 75 of our BTC.", "We still have no GPU Miner. We might have been BFL'd." and "I place no opinion on this subject"

2) Later that same day ReCat made this statement:  "Anyways. I know that the guy is capable of making the mining client. Much in the same way BitSpend was capable of properly processing orders and BFL was capable of shipping a couple of miners. That doesn't automatically equate to legitimacy. This could orchestrate a perfect scam. Gain trust doing legitimate work, then use the trust to steal."

3) By 9:48pm ReCat was asked the following questions:

Isn't this like the third or fourth thread you've created on this subject?
How do you get he scammed you? Did he give a date of delivery?
Prosecute him? Seriously? Are you retarded?
Furthermore you have given absolutely zero proof you donated anything in the first place.

4)  Here are ReCat's responses to the above questions:

1. First thread, the other thread was related but it was not this subject.
2. I did not say he scammed me.
3. I am speaking hypothetically.
4. I never said that I donated anything. I am just a reporter, reporting the facts.

5) ReCat was later heard to say "Furthermore, I have not shouted "scammer". I asked the question, and gave it no answer." and "If Mr. Mtrlt ends up being a scammer, it does not affect me in any way shape or form. I'm not trying to rip any BTC back outa him cause I didn't give him any BTC."

6) Early this morning ReCat was also quoted as saying "This is what the people who gave him nearly ten thousand dollars didn't realize. their money is gone, and they assumed too well of him."

7) Anyways. Yeah. That's minimum wage. The wage of every burger-flipper, cash-register person, and waitress you see every day.

Cool Another poster was hard saying the following to ReCat: "You are comparing some high tech coding with a minimal wage from someone whos doing nothing!!!"  to which ReCat responded:

"List of jobs that pay minimum wage:
Certified Nursing Assistant - Self explanatory
Child Care Provider
Farm Worker - Spreading pesticides to crops, removing weeds, harvesting plants and overall taking care of things that overall are vital to getting you the food you eat every day.
Emergency Medical Technician - The people who answer 911 calls
Automotive Service Technicians - The people who fix your cars.
Income Tax Preparer
Recreational Protective Services - Lifeguards, ski patrol personnel and other people who watch over us while people are swimming.
Casheirs - The people who make all of your purchases of beer at walmart, burgers at mcdonalds and whatnot quick and easy.
Janitors - The people who clean up behind all of your messes at work, restaurants, and stores, as well as the people who clean up your diarrhea that clogged the men's restroom toilet

It goes on a lot.

I'm not complaining, I'm just pointing out the facts. If you can't handle the truth, deal with it."

9) ReCat was later heard to say the following:

"These are well-known minimum-wage jobs. Google it.

$8.00 full time (40 hours per week) is $320.00 per week = $1,280.00 per month.

Although, assuming minimum wage is 8 dollars an hour is innacurate. It varies by state, and $8 is around the highest you'll find in any state. But the federal minimum wage is 7.5. (I think)"

10) Yet again, i another response, we hear ReCat say this: "I didn't say the job is overpaid. I said that because the job earns so much, it should be absolute top priority."

11) In a longwinded response to questioning, ReCat made the following statements:

"This is true, I didn't donate a dime. (Partly because I didn't have a dime to donate at the time - I may have donated if I did - and If I did I would have regretted it, Big time)

Mr. Mtmrlt just got on my nerves, and I think that there is a possibility he scammed my fellow bitcoiners as well, and so, this is why I created the thread. I thought it needed a discussion place, too.

But the single biggest reason I created this thread is because I found it VERY suspicious that:

1. He didn't want people to know how much money he has gotten. Maybe so that other people go ahead and send him more...??

2. Now that people found out, he closed threads and deleted posts, removing all evidence. He even removed the original BTC donation address, making it difficult for people to see how much money he has received!

3. He called my stating of simple objective facts, completely lacking all and any judgement or negative statements towards him "whining", which I suspect is simply made up nonsense to cover up his past actions.

4. If he was legit, He'd come to this thread and make everything clear to all of us. But he does not.

All of this put together... isn't it just flat out suspicious?

I'm sorry Mr. Mtmrlt. I supported you at first, but now you have lost my faith."

12) Yet another ReCat quote: "He hid the BTC address after people started getting unhappy because they found out how much money was in that BTC address, then he created a new thread where he removed all posts that pointed out the blockchain.info link."

13) And yet another"  Please quote the places where I was whining, places where i'm posting numbers and other facts don't count, and it's normal for me to be a pussy, because that's just another word for cat. (see my avatar) I'll only really take my advice with people who I think deserve it."


Well friends, *this* reporter is more than happy to take up the challenge.

Let's start with #1.  From Mr ReCat's statements I can see "OUR", "WE and "WE", yet from 5) we see him saying "I didn't give him any BTC".  While I am not sure how things work in your world Mr. ReCat, in mine the terms OUR and WE indicate personal involvement.  Correct me if I am wrong, but I think that already blows your statement about "one erroneous statement I made"

In statement #2 ReCat lumps mtrlt into the same category as BFL and Bitspend.  Correct me if I am wrong readers, but is this a fact or an opion?  You decide.

In statement #4 ReCat says "I am just a reporter, reporting the facts" yet in response to my first report, he said "I never called myself a journalist. Don't put words in my mouth".  Now, according to my information sources, "A journalist collects, writes, and distributes news and other information" and "A reporter is a type of journalist who researches, writes, and reports information to present in sources, conduct interviews, engage in research, and make reports."  This reporter concedes that while you called youself a reporter, which is a type of journalist, it was wrong of me to think of you AS a journalist.

Statement #6 disturbs me greatly.  "their money is gone, and they assumed too well of him".  I have been unable to confirm this as a fact, can any of my readers shed some light on this one please?  I'd hate to think I could have missed this fact while I was running around.

In #7 the statement "The wage of every burger-flipper, cash-register person, and waitress you see every day." again disturbs me.  I stopped at Red Lobster, a restaurant I frequent regularly and inquired of the waitresses there about their income.  I was shocked to find out that they made well over minimum wage!  The person behind the cash register compounded my shock when they also informed me they made more than minimum wage.  I ran over to Target... the cashier told me the same thing, as did the cashier at Home Depot, Lowes and Sears.

#8's list of minimum wage jobs again shocked me.  According to http://www.indeed.com/salary/EMT.html the average EMT wage is $36,000 per year or $18/hr.  On that same site it told me Automotive Service Technicians average $38k per year!  I looked more... 35K, 48K, 30K, 39K, 17K, 22K.  One job actually fit ReCat's statement.

#9 sees ReCat informing us that "Although, assuming minimum wage is 8 dollars an hour is innacurate. It varies by state, and $8 is around the highest you'll find in any state. But the federal minimum wage is 7.5. (I think)"  According to http://www.dol.gov/whd/minimumwage.htm, the current Federal Minimum Wage is $7.25.  I guess ReCat was too tired from all of his writing to actually look it up.  After all, it took me 15 whole seconds to google "what is the federal minimum wage".  In addition, thank god he knew nothing about The Fair Labor Standards Act, which requires a minimum wage of $2.13 for tipped workers... if he had he'd probably have told us that mtrlt had earned over 2 years of wages.

#10 again disturbs me... I searched through over 3 months of comments made by ReCat and could find no mention of "top priority".  Again, I beseech my readers to help me out here, I absolutely hate to leave any fact unchecked.

In #11 we see "Mr. Mtmrlt just got on my nerves, and I think that there is a possibility he scammed my fellow bitcoiners as well"  ReCat apparently has an undocumented disagreement between himself and mtrlt.  In adherence to the facts, I would like to point out that "I think it's possible" is an opinion and not a fact, so ReCat's assertion in his OP about "I place no opinion on this subject" yet again seems to be blown out of the water.  Can teh readers please chime in with their thought?  Thanks!

#12 also disturbs me.  mtrlt HID is BTC address.  I went to the first thread made by mtrlt and his address, sadly, was gone, but in it's place was a link to https://bitcointalk.org/index.php?topic=273637.  I clicked on this and there in plain sight WAS mtrlt's BTC address.  I copied it and checked with blockchain.info and found it to indeed be the address he had originally posted in his first thread.  I would give ReCat the benefit of the doubt on this one if it was not for the fact that he had already listed this second thread in his OP.

#13 is the reason why I dedicated myself to the topic tonight, I hope my readers have found insight in my words.

Normally I would have ended here, but one of my researcher had found this from a statement made by ReCat back on Aug 14th and I felt I just had to share it with you all:

"I believe it is against forum rules to disclose personal information in public."

While this reporter understands that by the simple posting your Bitcoin Address you are allowing any interested party to peruse the block chain and find out your transaction history, I also feel that the information found within is private, and by his own beliefs as stated on Aug 14th, logic indicates to me that ReCat has broken forum rules.  whether this is true of not is not for me to decide.  My job is only to supply you with the facts and let you come to your own conclusions.

Thank you again dear readers, and good night.

*footnote*  I apologize for any typos as it is late and I am not taking the time to proofread my copy.  I hope you can understand.  Thanks.
849  Bitcoin / Hardware / Re: BFL MiniRig Line:Concerned on: August 23, 2013, 11:36:21 PM

I'm very concerned and have not too much hope that any of the Minirigs will pay back. Our only chance would be a refund, maybe we should see how we can work together to get our money back?

I have a minirig order from March of 2013. They have refused my refund. I am going to pursue legal action with a very good friend who was an attorney at Federman & Sherwood for 5 years and recently took a better job. This case is exactly their bread and butter. If you have been refused a refund and are interested in your legal options, please PM me.

Thanks.
This is what I love about the instant gratification crowd... "not too much hope that any of the Minirigs will pay back" and They have refused my refund. I am going to pursue legal action.

Personally, I hope you request AND get your refunds.  That way, 6 months or a year or 2 years down the road when all the bitcoins you WOULD have carefully mined and stored since the receipt of your unit become worth 10-20x what you paid for it, I can laugh at your for your shortsightedness and stupidity.
850  Other / Off-topic / Re: Thought experiment - Hypothetical new competitor to BFL on: August 23, 2013, 08:43:36 PM
Camel Spider Labs
851  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin High Performance on: August 23, 2013, 08:32:00 PM
I finally got brave today and checked all of my computers.  6 days, 5 computers (2@~.8 and 3@~.45 chains per day), 4 blocks.

Needless to say, I are happy!
852  Bitcoin / Hardware / Re: BFL MiniRig Line:Concerned on: August 23, 2013, 08:18:52 PM
Also Posted in Pre-Sales at BFL Forum

MiniRig Line:Concerned
Via Jody's blog, we can conclude the minirig line made ZERO progress from roughly August 15th until today. It seems ONE 500 GH/s unit has been completed since then (as seen on Jody's Update yesterday). If only one 500 GH/s unit has been completed since the 15th, which is 8 days...How, at ONE 500 GH/s unit EVERY 8 DAYS, will BFL ever complete the backlog?

If BFL is purposely slowing the Minirig line, to force big-money investors to switch their investment to the Monarch line, this would be very troubling.

I welcome BFL to clarify why this line, which so much money has been dumped into by customers, is moving so slowly...Neglect, lack of coordination, or fraud?

Also, since I have 1.5 TH/s to my order...Can I assume, at one 500GH/s rig every 8 days, my order will take 24 DAYS to build and fulfill?


Thanks for your time


PS: I'm not an angry troll, I've invested in the Minirig line and I'm extremely concerned at the lack of progress. And seemingly no effort to correct it..

Are no other MiniRig purchasers as concerned as I am?
'Zero progress'.  Wow, over-hype much?

Also, can you show me proof for your 1 mini rig has been completed since the 15th?

If I use your deductions alone, I am forced to conclude that only 1 mini-rig was built between Jun 25 and Aug 5th.  look at the facts:
25 Jun: Minirigs shipping from Jun 23
26 Jun: Minirigs shipping from Jun 23
01 Jul: Minirigs shipping from Jun 23
02 Jul: Minirigs shipping from Jun 23
03 Jul: Minirigs shipping from Jun 23
08 Jul: Minirigs shipping from Jun 23
09 Jul: Minirigs shipping from Jun 23
...............
02 AUG: Minirigs shipping from Jun 23
05 Aug: Minirigs shipping from Jul 1

HOLY FUCK BATMAN!!!!!!!!!!!!!!  
THESE PEOPLE ARE SLOWER THAN DOG TURDS IN JANUARY!!!!!!!!!!!!!!
853  Alternate cryptocurrencies / Altcoin Discussion / Re: What happened to mtrlt?: An exercise in reporting on: August 23, 2013, 07:58:52 PM
P.S. off topic posts will be deleted.
854  Alternate cryptocurrencies / Altcoin Discussion / What happened to mtrlt?: A continuing story on: August 23, 2013, 07:57:05 PM
It has been almost 5 weeks since mtrlt started working on a GPU program to mine Primecoins.  In order to motivate him to work faster, he asked for donations from those interested in the project.  While mtrlt has made some progress reports thus far, it is hard to follow them as his thread was starting to fill up with off-topic comments that had nothing to do with his work.  He then created a new thread to make reports, but closed it when the off-topic posts continued.  He has been silent since his last report nearly a week ago.

In other news, detractors of mtrlt have been flooding the internet with supposed facts that draw a very different picture from reality.  One poster claims mtrlt has run off with "7 months of average US income".  We checked into this claim and found that th poster thinks the 'average US income' is minimum wage.  We ran a study on the posters title to his thread, and many people disagreed with his stated comment that "he was just reporting facts and not opinions".  We will keep you updated as more news breaks.

In related news, primedigger started a thread titled "So, why is porting primecoin mining to the GPU so difficult?".   We read through his article (which can be found at: https://bitcointalk.org/index.php?topic=279194.0) and found some very interesting information.  While it is too lengthy to discuss at length here, we encourage our readers to go and check it out, I feel there is a lot of information there that may explain mtrlt's silence.

We've come to the end of our show for the night, thank you for reading and good night.
855  Alternate cryptocurrencies / Altcoin Discussion / Re: What happened to mtrlt? Did he just scam us of 75 BTC? on: August 23, 2013, 07:51:06 PM
I'm expecting him to finish it because he got about 7 months of the average US income in 3 weeks, regardless of whether or not they were "donations".

But that's just my opinion.
I'm confused here... I just got done reading:

Reporting facts is called bitching? And bringing pitchforks?
C'mon.
Stop crying.
I expressed no opinions. Simply reported facts. Whether or not it is good or bad - you decide. Only you.

Are you still reporting facts?

1) US citizens made $13,401,868,693 in personal Income for 2012 <--- THIS is called a fact http://bber.unm.edu/econ/us-tpi.htm
2) the MEDIAN income in the united states for 2012 was $39,332 ($3,277.67/month) <--- This is ALSO a fact.

(for those not in the know, median means ~50% of people made LESS and ~50% of people made MORE than $39.332.)

Using these 2 facts alone, in "one month and three days" (as you stated in your OP), mtrlt has made ~3 months of MEDIAN income for the United States. <-- yet another fact

Now, when I was still in the Navy, my income was over $5000 per month, and compared to civilians doing the same job, I was extremely underpaid.  So, now mtrlt has made less than 2 months of what I made when I was on active duty 8 years ago. <--- This again is a fact... are you writing this down?

Your <cough> FACT <cough> is..... lies.

Even now, working part time, I am making far more than your "average US income" figure.

The nest time you want to state facts, try using real ones, and NOT what some high-school dropout sweeping floors at McDonalds while scratching his ass is earning.

That said let's get down to reporting... A TRUE journalist reports this without bias or opinion.  Your thread title alone shows you fail in this respect.  When I saw you thread title my first thought was this thread belonged in one of those trash magazines next to an article on UFO's.

Damn, I was spot on.

This is an example of TRUE reporting:

It has been almost 5 weeks since mtrlt started working on a GPU program to mine Primecoins.  In order to motivate him to work faster, he asked for donations from those interested in the project.  While mtrlt has made some progress reports thus far, it is hard to follow them as his thread was starting to fill up with off-topic comments that had nothing to do with his work.  He then created a new thread to make reports, but closed it when the off-topic posts continued.  He has been silent since his last report nearly a week ago.

In other news, detractors of mtrlt have been flooding the internet with supposed facts that draw a very different picture from reality.  One poster claims mtrlt has run off with "7 months of average US income".  We checked into this claim and found that the poster thinks the 'average US income' is minimum wage.  We ran a study on the OP's title to his thread, and many people disagreed with his stated comment that "he was just reporting facts and not opinions".  We will keep you updated as more news breaks.

In related news, primedigger started a thread titled "So, why is porting primecoin mining to the GPU so difficult?".   We read through his article (which can be found at: https://bitcointalk.org/index.php?topic=279194.0) and found some very interesting information.  While it is too lengthy to discuss at length here, we encourage our readers to go and check it out, I feel there is a lot of information there that may explain mtrlt's silence.

Now, back to Jill for the Weather!
856  Bitcoin / Hardware / Re: Official ASICMINER Hardware Information on: August 23, 2013, 12:29:50 AM
Who cares that ASICMiner sold the first USBs at 2BTC apiece, quickly making $1,000,000 from less hashing speed than a $30,000 1.5TH minirig?

Stop comparing the price of a June miner with an October miner. They are not comparable.
Are the October miners faster?  Are they slower?  Are they different colors?  Were they redesigned?  Can they dance and sing?
857  Bitcoin / Hardware / Re: {BFL} Why The Monarch Might Just Work on: August 22, 2013, 10:37:26 PM
I would have sold you my 92 Z28 for 400BTC last November.  You can still have it for 400BTC today.  Put up or shut up.

The number of Bitcoins a Z28 is expected to mine over it's lifetime: 0
The number of Bitcoins I must pay for the Z28: 400
My expected loss in Bitcoins if I were to enter in this transaction: 400
No, I do not want to buy your Z28 to mine Bitcoins with. Try again.  Grin
The price I wanted for my Z28 last November equaled 400BTC.  I am simply honoring your insistance that BTC should remain an unchanging currency.  Therefore the price remains 400BTC.  If you would have been willing to pay 400BTC for it last Novemebr, under your current mindset, then you should also be willing to pay the same 400 BTC for it now.

Your unwillingness to indicates you feel you would be ripped off.  Can you explain why you feel that way?

I did not say that BTC is an unchanging currency. I said when you buy an ASIC miner you are buying BTC because the only thing that determines the equipment's ultimate worth is the amount of BTC it returns by mining. Those are very different statements.

You want to sell me an ASIC miner called a Z28 for 400 BTC, but your Z28 hasher is expected to mine 0 BTC, so I would never pay 400 BTC for it. If you could demonstrate that the Z28 hasher was expected to mine over 500 BTC, I would consider paying 400 BTC for it.
It does have over 400 horsepower.  All you need to do is figure out how to get 1.25 BTC worth of mining per horsepoewer and you are set.  Maybe you could develop a drum and use the horsepower to drive the drum and then have the drum turn wheels that calculated hashes and boom. you're set!
858  Bitcoin / Hardware / Re: {BFL} Why The Monarch Might Just Work on: August 22, 2013, 10:11:13 PM
I would have sold you my 92 Z28 for 400BTC last November.  You can still have it for 400BTC today.  Put up or shut up.

The number of Bitcoins a Z28 is expected to mine over it's lifetime: 0
The number of Bitcoins I must pay for the Z28: 400
My expected loss in Bitcoins if I were to enter in this transaction: 400
No, I do not want to buy your Z28 to mine Bitcoins with. Try again.  Grin
The price I wanted for my Z28 last November equaled 400BTC.  I am simply honoring your insistance that BTC should remain an unchanging currency.  Therefore the price remains 400BTC.  If you would have been willing to pay 400BTC for it last Novemebr, under your current mindset, then you should also be willing to pay the same 400 BTC for it now.

Your unwillingness to indicates you feel you would be ripped off.  Can you explain why you feel that way?
859  Economy / Scam Accusations / Re: [MUST READ] Butterfly Labs FTC complaint on: August 22, 2013, 08:46:53 PM
Oh for FUCKS sake. Just let it go already. Product is shipping. The Jaly's have already moved into 2013 (finally!) and the others aren't terribly far behind, (exception: Minirigs)




Really genius the only exception is Minirigs??  Minirigs are farther along than Singles, do the math.

Allow me to do it for you:

Jalapenos:January 10, 2013
Little Singles: Oct. 11, 2012 pay date

Singles: July 4, 2012 pay date

MiniRigs: MiniRigs for June 23 (2nd 500gh/s unit) and July 22 for 1st 500 gh/s

If you bought a Minirig between June 23rd and July 22 you have something in hand

The score is:
Jalapenos
Little Singles
Minirigs
THEN Singles

They have only shipped 11 days of Singles.

And here is What Thursday Night is going to look like:

Jalapenos:January 20, 2013
Little Singles: Oct. 12, 2012 pay date

Singles: July 4, 2012 pay date

MiniRigs: MiniRigs for June 23 (2nd 500gh/s unit) and July 22 for 1st 500 gh/s

Come back here and see if I am not right.

They are running out of parts to build this crap DAILY

They have 5000 units to get out the door in the next 5 weeks NEVER GOING TO HAPPEN!!
The simple fact that they sold far more Singles than anything else has absolutely nothing to do with it I suppose?  I've seen so many "Man... if I hadn't upgraded my Jala to Singles I'd be hashing now!" posts I can't count them.

Oh, and mini's are ahead of Singles when for the most part only 1/3 have shipped?
860  Bitcoin / Hardware / Re: {BFL} Why The Monarch Might Just Work on: August 22, 2013, 08:40:34 PM
The reason people keep misunderstanding each other on this point is that some are aiming for more USD, others are aiming for more BTC. 

More BTC = More USD
Less BTC = Less USD

You cannot get more USD out of less BTC!

This is the problem:
I could have bought a jally for 13 BTC (then $160) when they first came out. That machine could have made me 10 BTC over its life (now $1000+).

Less BTC=More USD

The reason people misunderstand each other is that they are doing conversions from BTC to USD in their heads at different points of time because some are thinking of optimizing BTC and some are thinking of optimizing for USD.
The Jalapeno is equivalent to 10 BTC. You could have traded 13 BTC for 10 BTC.
13 BTC would be roughly $1560 (@120). 10 BTC would roughly $1200. Less BTC = Less USD. That would not have been a good trade.

My approach: maximize BTC holdings while hedging against systematic market instability by selling futures. Don't consider the future value of BTC in any calculations because it is irrelevant - if you need USD/BTC ratio to go up to get a positive ROI -- you're doing it wrong.
I agree. Exchanging USD for BTC and then back into USD (or vice versa) in an attempt to sell high and buy low is the transaction people are confusing with successful mining. As you say, if you take the exchange rate out of the equation, you can calculate trivially whether you got a good deal buying BTC.
The only item with a static BTC price is such a complete ripoff that even when BTC dropped to $70 it didn't affect him making insane profits.
Every item has a static BTC price at the time you consider buying it. Just like every item has a static GBP or EUR price too. Do the exchange rate calculation, and you will know who many EUR, GBP, USD or BTC something costs no matter what currency it is "priced" in. If it is mining equipment, you will know what it was worth after it is done mining all the Bitcoin it will mine. Then you can compare what it cost you in BTC to what it was worth in BTC and see if you got ripped off.

Your BTC vs BTC argument is still invalid.
But you are unable to explain why you think this to be so. Either your ego won't let you admit that you got ripped off, or you have some vested interest in presenting BFL in the best light. Either way, you seem to be out of arguments besides "nuh uh!".  Grin

I would have sold you my 92 Z28 for 400BTC last November.  You can still have it for 400BTC today.  Put up or shut up.
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