Hi All,
My first 2 of 3 Prismas showed up at my office on Thursday. I had one of my drivers bring one home to me to play with this weekend and here are my initial reactions to the device.
1. Device itself.
a. BIG
b. Pretty, (Geeky way, Sci-Fi fan and all)
c. Functionality:
One of the handles is a little bent in but that only made it a bit difficult to connect a PSU connecter. The Dip switches being where they are will make setting the next one in the chain up interesting. Speaking of that where is the chart on the switches?
2. Software Setup / USB device
I am using the USB dongle, as the current software for the Controller Box does not work with most pools
a. CGminer
After figuring out that the Debian build of CGminer was broken (long story). I was able to get the unit to work somewhat. I was getting a lot of "Unexpected Response 00 from BET 0" and "Sync Error" I am not sure what is causing this as the solution was several power cycling of the miner and unplugging the USB device from the computer.
b. BFGminer
I built a custom 4.10.0 build of BFGminer but was not able to get it to detect the Prisma at all. I tried several things without results. Will have to look into this more.
3. Powering
a. Don't even bench test with less then a 1300W PSU. I had a 1000W PSU I thought I could use on the bench for short power up tests and minor 10 minutes bursts of mining. No it did not work. Thank god for protection circuits or that sucker would have been a goner.
b. Using Dual PSUs, there may be a sequencing thing that is needed to be done with the boards. I have not proven this yet. I am still testing to see if this is what causes the errors mentioned above.
Thanks for the information. It's odd that a 1000W PSU wouldn't work for you. AM claims 1050-1100W at the wall is typical per device so a 1000W 80plus PSU should work! Do you have a power meter? It would be nice to know what you're seeing at the wall. |
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Everyone seems to be missing something.
Say they are very charming and managed to get free mining hardware, free cooling, free rent and a free giant 10mw data center. That's great, well done PB! It's still impossible to run 1 Gh/s for 5 years for less than a dollar in electricity alone in the cheapest country in the world.
This simple fact should end any discussion as to whether they're mining or not.
there's no way they do real mining with hardware  the calculation didn't meet, they won't make profit if do real mining Yup 0.0015 btc per GH/s looks to be too good to be true, when you factor in the maintenance and electricity cost for mining for 5 years. The problem is, how far will the it go until the scheme collapses. If you had no costs at all, it would be very easy to continue as long as you have fresh money coming in. Stop feeding the piggy! |
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U guys forgot the price of the miner, they dont come for free  Yeah lots of things they are forgetting in that example. Cooling, Internet, taxes, staffing , location costs( Building), Security, Lawyers...... You guys are hilarious  Okay, here goes, the 90% who shut off their miners will surely be putting them curbside for recycling so you can grab one or two for free. Use a bicycle you already own (borrow one if you don't) so there's no gasoline, licensing or insurance costs. Only do this in areas where Bitcoin, mining and rummaging are legal (so zero lawyer fees). If you already pay for internet (and many do), there is no added cost. Since you got it for free, who cares if it gets stolen (no security costs), do it yourself and keep it small (no staffing) , if you don't already own/rent a dwelling do not attempt to mine (0 added cost for location), rummage for a miner that includes a fan (no cooling costs) and last but not least, there is no tax on generating a Bitcoin anywhere - you only get taxed when you convert it to fiat (avoid fiat). Also, avoid rummaging for anything that says BFL or KNC on it, as it will likely somehow scam you There you go. So in the aforementioned doomsday scenario, a rummaged 1TH/s miner will mint you a coin in 7.4 days for an electricity cost of approx. $26.70 ($0.15/kWhr, 1w/Gh device) |
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I'm not a mining expert, but I heard it would take an extremely long time (years and years) for the difficulty to drop down low enough to make it possible to mine a bitcoin for $25. That's if nearly all miners stop mining today.
The retarget occurs every 2016 blocks and there is a built in function to prevent large swings so the number will not change by more than a factor of 4 each retarget. Taking the current data as an example, it the network hash rate went down to 10% of what it is, it would take an average of 94 minutes to mine a block where the Bitcoin program tries to keep it around 10 (it's a little less than that right now). It would be around 132 days for the next retarget at the most (provided there were 2016 blocks to go until the next retarget). The diff would then quarter on the retarget and it would take about 23.5 minutes per block OR 33 days until the next retarget which would put everything back on track. So for a 90% reduction in miners (or at least hash rate), it would take 165 at the most to get back to the normal 10 minutes per block. This is all theoretical of course. Now, with the network hash rate at 1/10 of what it currently is or 27274.161 TH/s, a kilowatt hour of electricity costing $0.15 and your miner consuming 1 W/Gh at the wall, a Bitcoin should cost you around $27 to produce. Not bad - you might be able to do this in less than 165 days if you can convince 90% of the network to shut down operations |
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when is trading set to begin, no way am i buying the ipo but will consider trading .
The IPO closes Nov 4th. After that we can trade. |
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AM should buy btcguild and move it..
I think that's an excellent idea! They could use that website to sell their hashing power too in the form of physical or cloud. |
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PBmining is the best priced offering by far but it's also a ponzi scheme. Before they implemented a coinmixer it was easy to see the coins go directly from new customer payments to the "mining earnings" wallet. There is no way that they can give you a 5 year contract on any hashing power right now with no maintenance fees. The power bill alone would sink them several times over. I believe "Ponzi scheme" is putting it mildly. Also, it is located in Canada but will not sell to Canadians. Go figure. |
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Why bother bag holding AM when we can hold ASMHash which pays dividends on the equipment we paid for as shareholders?
AMHash shares are not shares in ownership of the company. The value of these shares WILL go down as difficulty goes up with a terminal point of ZERO value guaranteed. It is simply a mining contract which ends when divs minus maintenance fees equals zero (or less) for a period of 10 days - ie shares cease to exist. |
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Surprising it took this long, it should have dumped hard on fc's latest announcement, but you all have stockholm syndrome.
Stockholm syndrome?? You're posting in the wrong thread man! KNCminer is the Swedish company. |
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I think you are right,there are no other informations yet.AmHash is different because other cloudmining companys payout to your personal wallet,but the site of havelock looks userfriendly instead,we will see when the first payout arrives
All the information is there. You'll be paid daily dividends based on a formula. You have an account with Havelock and the dividends are paid to your account. It's not a mystery. The coins will stay in your account until you withdraw them. |
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The mining starts on October 31th but how long is the contract?Didnt find anything on the havelock site.Where can i enter my wallet details on the site?
The contract ends when dividend=maintenance fee Which is dependent on bitcoin value. It is finite but variable. Here is the relevant section. If the calculated payout after fee substraction is less than or equal to zero, the contract will be suspended. If the number of subsequent days suspended reaches 10, the contract terminates. |
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I'm curious, are there any former Neptune customers still waiting for refund?
Requested a refund in bitcoin (because KNC claimed it would be faster than USD) in May. I'm still waiting but not holding my breath. They've even promised me interest on the amount owed. I suppose that equates to a bonus Neptune. |
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I am Chinese user ，forum should request, the following text use Baidu translation: Glad to see also AMhash contract in the domestic forum, but most of the customers have doubts about compulsory repurchase, we want to know what is your starting point to make such a statement? Doubts are as follows: In the calculation of force began to take effect within 45 days of the company's right to roast the cat (the sale price - pay income) 120% buy back price of all stress, repurchase notification shall be 3 days in advance notice. This TM is too pit, if the money up, grilled cat repurchase is force; if the currency price, roast cat let user shall bear the losses, is that what you mean? Web site: http://www.cybtc.com/article-1443-1.html This is a good question. I think this is a standard buy-back clause which would allow them to buy back the shares should the need arise. Imagine that there might be an unscrupulous person in the Bitcoin world (I know this is hard to imagine... please play along) who would buy up all the shares and rebrand the operation in order to expand their own enterprise. Maybe Sam Cole needs to add some inexpensive hashing power to one of his many Datorhalls, or maybe Sonny Vleisides and Josh Zerlan are looking to bring some innovation to BFL (lord knows they could use some inexpensive innovation right about now), or maybe Creativex aka Eric Corlew is looking to make a come-back with bASIC-mining so he can repay his shareholders (hey, we can dream)... Anyway, AMHash could then buy back the shares and regain control of their own operation. I realize these are rather extreme examples but as you can see, it protects AMHash as well as the shareholders. These are bargain basement prices for hashing power and maintenance fees. I would not be surprised at all if someone would try to exploit this offering in such a way but I do not believe that the clause is there to take advantage of AMHash shareholders. lol what? The buyers will not have access to the hashing power...they just get divs from it. Never mind...just go buy a bunch of shares and profit The buyers don't need to show the actual hashing power, only the Bitcoins which it can produce. If I get a spare moment I'll draw you a picture. I was trying to explain that to you after your dumb explanation of why AM might buy back the shares. You know because KNC or someone might buy some shares  Wow. We are simply not communicating. I'm referring to the unscrupulous buyers from my inane examples of when the buy-back clause might be used. |
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I am Chinese user ，forum should request, the following text use Baidu translation: Glad to see also AMhash contract in the domestic forum, but most of the customers have doubts about compulsory repurchase, we want to know what is your starting point to make such a statement? Doubts are as follows: In the calculation of force began to take effect within 45 days of the company's right to roast the cat (the sale price - pay income) 120% buy back price of all stress, repurchase notification shall be 3 days in advance notice. This TM is too pit, if the money up, grilled cat repurchase is force; if the currency price, roast cat let user shall bear the losses, is that what you mean? Web site: http://www.cybtc.com/article-1443-1.html This is a good question. I think this is a standard buy-back clause which would allow them to buy back the shares should the need arise. Imagine that there might be an unscrupulous person in the Bitcoin world (I know this is hard to imagine... please play along) who would buy up all the shares and rebrand the operation in order to expand their own enterprise. Maybe Sam Cole needs to add some inexpensive hashing power to one of his many Datorhalls, or maybe Sonny Vleisides and Josh Zerlan are looking to bring some innovation to BFL (lord knows they could use some inexpensive innovation right about now), or maybe Creativex aka Eric Corlew is looking to make a come-back with bASIC-mining so he can repay his shareholders (hey, we can dream)... Anyway, AMHash could then buy back the shares and regain control of their own operation. I realize these are rather extreme examples but as you can see, it protects AMHash as well as the shareholders. These are bargain basement prices for hashing power and maintenance fees. I would not be surprised at all if someone would try to exploit this offering in such a way but I do not believe that the clause is there to take advantage of AMHash shareholders. lol what? The buyers will not have access to the hashing power...they just get divs from it. Never mind...just go buy a bunch of shares and profit The buyers don't need to show the actual hashing power, only the Bitcoins which it can produce. If I get a spare moment I'll draw you a picture. |
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I would like to continue but have not received any payment, though others have apparently?
People who signed up before you have received payment...there's a list on the first page. He was the first one to sign up...there's a list on the first page. I would say the month ends today so you should see it soon. WTF are you smoking? His first post in this thread was post #76. He's also about 49 posts short of the 50 required. Tagged. You tagged me a scammer for just asking a fucking question?! Yeah that seems a little harsh shawshankinmate37927 |
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Well, there's AMHash2 thru AMHash 5, offered at a potentially higher initial price.
Higher? You mean higher than you are ? You may want to check how few have sold so far. ...hence my criticism about expectation-setting? Man, this place is weird. It's hard to communicate effectively with simply the written word. The place comes across as weird because of this limitation. Although some of the players... |
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If anything, I think going through havelock is preferential to all the other cloud miners out there. Doing so Guarantees a secondary market, rather than being locked in for the duration of the contract like so many others. True, it could be explained better, but the difficulty is that friedcat is offering a lot more information than you generally get from cloud miners.
Whether amhash1 will be a profitable investment is another story.
We'll just have to agree to disagree then. And as for being locked in that can easily be overcome by allowing it to be sold/bought on their own site. This would obviously cost some to develop and I can see a point being made that they don't want the hassle but I still think Havelock is not the place for this. Certainly this is a great idea if you have the time, money and expertise available. Havelock us convenient and the chips are getting moldy! Get 'er done! |
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I think it would been a far more successful IPO launch to offer a tremoundous price per hash for the IPO, which would then attract investors and stimulate the buying and selling on havelock after the IPO. The way it is priced now, although a decent and fair price, you can only really imagine the price going down and that's even if the IPO gets filled at all.
So, a loss leader? I would worry about expectation-setting for AMHash2, if that contract will be structured like AMHash1. Really this is like a gift from AM So...a loss leader  It doesn't follow as they have no other product to offer. AM needs to unload the chips before the end of their useful life. Chip sales aren't working - I believe this us more of a "plan D". Loss leader simply doesn't fit in this context but I may be missing something. |
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