is this bad news ? maybe no more prismas for us ? maybe they just threw the tubes to us to gain trust and now they will keep all the BTC they made from prismas pre-orders.  It is more likely that Friedcat is leading the pro-democracy protests in Hong Kong. Friedcat for president!! |
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Scary monster and nice sprites - Skrollex
Skrillex |
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Unfortunatly teek is way to expansive! I prefer buy from US and paid the shipping. I already bough S1, S2 and Zeus. I always paid less from the us than from WTCR. Anyone?  WTCR is a rip off for sure! I'm local and got burned in the past with their predatory pricing. All my gear since then has been imported. Predatory pricing (also undercutting) is a pricing strategy where a product or service is set at a very low price, intending to drive competitors out of the market, or create barriers to entry for potential new competitors. Yet you're saying it's cheaper to import? Is it more expensive due to Canadian taxes then? |
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Wondering where I can find someone to sell me 1 tube and ship it to Canada? PM me please! Thanks Look up Teek he is the man in Canada. Next to Sydney Crosby that is... WTRC.ca I believe. |
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anyone recived tracking number  starting to worry here ! Don't worry -
...Round 1 Sales
Shipping date: 8th October, 2014 to 27th October, 2014...
They'll be shipping by two weekstm time Well, at least ASICMiner delievers their gear. Has ASICMiner ever not delivered their gear on time, or a delay of a day or two tops? Nope. Last time there was a minor delay they gave partial refunds. They still have exactly two weeks tm. I'm just afraid to use that phrase without the tm since it might be owned by BFL and I'm sure they'll be looking for alternate revenue streams now. Don't misunderstand my humour; I love AM. |
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anyone recived tracking number starting to worry here ! Don't worry -
...Round 1 Sales
Shipping date: 8th October, 2014 to 27th October, 2014...
They'll be shipping by two weekstm time |
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Seemed from the start that they are very honest company.
No. Their behavior was arrogant and suspicious from the very first day, and many pointed that out. By the way. I can't help blaming the victims here a little.. Remember, the sole purpose of a company is to make money. If they sell you miner hardware for less than it'll make in reasonable time, they have failed as a company. You've failed as a rational human being if you really believe that. I guess Alchip failed as a company too since it sold the chips to KNC for less than the chips would mine? Any company that continues to do "business" your way will surely fail. The main purpose of a company is to fulfill a need. Here is Alchip's purpose:
Alchip Technologies is dedicated to rapid delivery of cutting-edge ASIC solutions to our customers. We have a proven track record of first silicon successes at the 130nm, 90nm, and 65nm nodes. Our total engineering and business solution strategy ensures that our customers receive quality SoC product solutions on-time or ahead of schedule. Our dedicated teams of engineering, logistic, and business professionals understand and address to our customers' needs. Alchip is the trusted silicon partner for implementing and delivering SoCs so that our clients can focus on what they do best.
Here is Southwest Airline's purpose: To connect People to what's important in their lives through friendly, reliable, and low-cost air travel. Imagine how long they would be around if they sold you a seat on a flight going to Las Vegas from New York and then they delayed the flight by a couple of weeks, it cost 3 times more than any other airline's seat when you finally did get on the flight and it took you to Miami instead... they would fail. |
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Had an email stating my transfer of direct shares to havelock is complete. However if I log into Havelock, I can't see any of the shares. Has anyone else had this problem?
Who sent you the email confirmation? Ah just re-read the import process. Havelock have a 48 hour import window. fnnirvana@gmail.com emailed me early yesterday so I guess i'll wait another 24 hours. Exactly. Took some time for me also. In the meantime we prepare for the next dump. ^^ Cool thanks for the info. The dump won't be caused by me. Yes, you probably only transferred your shares because they are safer at Havelock's.  Either that or 2 shares could hardly be called a "dump"  |
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Maybe it's this? "Dear sir,
Emma here for help.
So sorry to make you feel inconvenience. The main reason of DHL delay is not the China National Holiday, is the HK Customs.
The truth is that numerous packages which all merchants handed over to DHL forwarder were stucked in Hk custom waiting to be released and all will be postponed to reach the HK DHL house . This is why DHL service people said there is no package of yours when you called them.Such severe situation was caused by 2 smuggling cases which happened recently here and both were also published on HK custom web page. Government also involves in and investigations are still on the go.
More information can be found as follows：
http://www.customs.gov.hk/en/publica...x_id_1220.html
http://www.customs.gov.hk/en/publica...x_id_1223.html
I have seen your message yesterday and asked relevant staff contact with DHL and custom for further information. I will let you know when i get any news. I will apply refund you the DHL shipping charge for this delay compensation.
Thank you
sincere
Emma" ...although one would think Asicminer would have still been able to inform its customers if this was the reason. |
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I'm only speculating here but access to Hong Kong from Shenzhen might be restricted right now.
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I have finalized this with OP via PM, but for full transparency, I will post this here.
I have left this signature campaign for another one, but I only completed 21 days out of the month. OP graciously paid me pro rata, and I have received BTC0.07 as payment. Thank you.
Wow! That was very gracious. Asicminer rocks! Just noticed, by the way, you're still using ASICMiner's full member signature  Might want to update to the senior member version. I didn't even realize I was a senior member now. Thanks! |
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I have finalized this with OP via PM, but for full transparency, I will post this here.
I have left this signature campaign for another one, but I only completed 21 days out of the month. OP graciously paid me pro rata, and I have received BTC0.07 as payment. Thank you.
Wow! That was very gracious. Asicminer rocks! |
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Dude you are thickheaded. Its not a tool to help you predict if you will make a profit from a miner, its tool that predicts where the network hashrate is ultimately headed.
That's not what it showed in your first post. Doesn't matter what the J/GH is if you can never recover the capital cost of miners even with free electricity, which is where bitcoin mining stands right now.
You couldnt be more wrong. Here is a chart for you:  It shows the network speed where miners would break even after 2 years using the listed assumed variables. Even in the current climate and with current efficiency, we are no were near where (industrial) mining would not be profitable. And the effect of power efficiency is quite dramatic if you consider reasonable electricity cost price ranges (~0.06 / KWh) ...oh and dude? It shows neither. |
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You have begun with the incorrect assumption that your bitcoin miner will hash at a constant percentage of the network hashing rate for 730 days. I fail to see the usefulness of your graphs.
It makes no such assumption. As long as the network hashrate is at or below the lines on the chart, at any point in time you could buy a miner and end up breaking even after 2 years, of course constrained by the listed assumptions and the curves themselves, nothing else. If your point is that after 2 years the network may exceed those lines, thats actually part of the point, but it requires either changing constraints or someone betting > 2 year. Let's dissect the data where all points converge @1239PH/s network speed and no cost for electricity. 1 TH/s is costing $700 now on your chart and bitcoin is worth $330; 1239 PH/s = 1239000 TH/s Take the reciprocal of this 1/1239000 to find out your share of the block rewards for 1 TH/s and multiply that by the total number of bitcoins produced in a day. total bitcoins per day for the entire network (ideal): 25 per block (reward) x 6 (blocks per hour) x 24 hours per day = 3600 3600 multiplied by 1/1239000 = 0.0029055690072639225181598062954 Bitcoins per day (ideal) Now if you make that every single day for the magical number of 730 days you get 2.121065375302663438256658595642 bitcoins and when we multiply that by the assumed $330 per bitcoin... drumroll please... we get $699.95157384987893462469733656186 or approximately $700 dollars for our 1 TH/s miner that we paid $700 dollars for 730 days ago! Which only works for a sustained network hashing rate of 1239 PH/s for a period of 730 days. Your graph and your assumptions are flawed.
^that is my point The assumptions are just that, feel free to alter them yourself. The graph isnt flawed, you just dont understand what its telling you, even after manually verifying the math. What you fail to understand is that the network isnt going to keep growing magically if there is no ROI to be had. That graph tells you when there is no more ROI to be had (or at least not within <2 year, which seems a reasonable horizon to me but feel free to change that too). Once you reach that point, who is going to buy or deploy more miners? Few if anyone, and if someone does, others will have to unplug, hence the network hashrate will remain roughly where the chart tells you it will plateau (for your chosen assumptions). First of all, it's not my math, it's your math. You said you did not make the assumption that the network will remain at a constant rate for two years. Your math shows you did but whether you did so consciously or not is an altogether different argument. Secondly, your charts have nothing to do with network growth as you have only made very narrow and fixed assumptions. So my failure to understand network growth based on your primitive charts is not at issue here. |
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You have begun with the incorrect assumption that your bitcoin miner will hash at a constant percentage of the network hashing rate for 730 days. I fail to see the usefulness of your graphs.
It makes no such assumption. As long as the network hashrate is at or below the lines on the chart, at any point in time you could buy a miner and end up breaking even after 2 years, of course constrained by the listed assumptions and the curves themselves, nothing else. If your point is that after 2 years the network may exceed those lines, thats actually part of the point, but it requires either changing constraints or someone betting > 2 year. Let's dissect the data where all points converge @1239PH/s network speed and no cost for electricity. 1 TH/s is costing $700 now on your chart and bitcoin is worth $330; 1239 PH/s = 1239000 TH/s Take the reciprocal of this 1/1239000 to find out your share of the block rewards for 1 TH/s and multiply that by the total number of bitcoins produced in a day. total bitcoins per day for the entire network (ideal): 25 per block (reward) x 6 (blocks per hour) x 24 hours per day = 3600 3600 multiplied by 1/1239000 = 0.0029055690072639225181598062954 Bitcoins per day (ideal) Now if you make that every single day for the magical number of 730 days you get 2.121065375302663438256658595642 bitcoins and when we multiply that by the assumed $330 per bitcoin... drumroll please... we get $699.95157384987893462469733656186 or approximately $700 dollars for our 1 TH/s miner that we paid $700 dollars for 730 days ago! Which only works for a sustained network hashing rate of 1239 PH/s for a period of 730 days. Your graph and your assumptions are flawed.
^that is my point I think you're missing the point of the graph. It's purpose is to illustrate, given certain parameters, what the final steady state network hashrate could end up being. Barring large changes in price or available technology, eventually the network will get to the point that even a large operation in a location with extremely cheap electricity will not be able to break even in X days even without difficulty changing. In that case, investment in mining hardware will slow significantly. It will probably continue to grow as ASICs are useless for anything else and manufacturers will probably sell what they have in stock or in process for whatever they can recover, but without better hardware or an exchange rate swing eventually the network hashrate will stop growing. The question is, what point will that happen? I am not missing the point of his charts. He stated it quite clearly in his original post - " It shows the network speed where miners would break even after 2 years using the listed assumed variables. Even in the current climate and with current efficiency, we are no were near where (industrial) mining would not be profitable. And the effect of power efficiency is quite dramatic if you consider reasonable electricity cost price ranges (~0.06 / KWh)" Perhaps you are reading something into the chart that you shouldn't? It would be a costly mistake for anyone to purchase a miner because it lies somewhere beneath on of his curves expecting a two year ROI which he has also stated. It is my intention to make everyone aware that this data is flawed. What is your intention? To defend his flawed data or to extrapolate some other non-existent usefulness from it? |
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You have begun with the incorrect assumption that your bitcoin miner will hash at a constant percentage of the network hashing rate for 730 days. I fail to see the usefulness of your graphs.
It makes no such assumption. As long as the network hashrate is at or below the lines on the chart, at any point in time you could buy a miner and end up breaking even after 2 years, of course constrained by the listed assumptions and the curves themselves, nothing else. If your point is that after 2 years the network may exceed those lines, thats actually part of the point, but it requires either changing constraints or someone betting > 2 year. Let's dissect the data where all points converge @1239PH/s network speed and no cost for electricity. 1 TH/s is costing $700 now on your chart and bitcoin is worth $330; 1239 PH/s = 1239000 TH/s Take the reciprocal of this 1/1239000 to find out your share of the block rewards for 1 TH/s and multiply that by the total number of bitcoins produced in a day. total bitcoins per day for the entire network (ideal): 25 per block (reward) x 6 (blocks per hour) x 24 hours per day = 3600 3600 multiplied by 1/1239000 = 0.0029055690072639225181598062954 Bitcoins per day (ideal) Now if you make that every single day for the magical number of 730 days you get 2.121065375302663438256658595642 bitcoins and when we multiply that by the assumed $330 per bitcoin... drumroll please... we get $699.95157384987893462469733656186 or approximately $700 dollars for our 1 TH/s miner that we paid $700 dollars for 730 days ago! Which only works for a sustained network hashing rate of 1239 PH/s for a period of 730 days. Your graph and your assumptions are flawed.
^that is my point |
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Doesn't matter what the J/GH is if you can never recover the capital cost of miners even with free electricity, which is where bitcoin mining stands right now.
You couldnt be more wrong. Here is a chart for you: It shows the network speed where miners would break even after 2 years using the listed assumed variables. Even in the current climate and with current efficiency, we are no were near where (industrial) mining would not be profitable. And the effect of power efficiency is quite dramatic if you consider reasonable electricity cost price ranges (~0.06 / KWh) You have begun with the incorrect assumption that your bitcoin miner will hash at a constant percentage of the network hashing rate for 730 days. I fail to see the usefulness of your graphs. |
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