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901  Economy / Scam Accusations / Re: BFL was a SCAM from the beginning -EXT HDD case being sold as a miner in 2011. on: August 21, 2013, 04:57:50 PM
Re: huge wall of text

tl;dr

I was just pointing out that people that have only been around for a few months don't understand the full picture, and haven't given themselves ample enough time to get screwed by BFL- that's all.
I quite well understand, you ASSUME short time poster = clueless noob.  I'm sure you already know what happens when you ASSUME.
902  Economy / Scam Accusations / Re: BFL was a SCAM from the beginning -EXT HDD case being sold as a miner in 2011. on: August 21, 2013, 11:43:40 AM
I love all these yahoos that are defending BFL, notice how they've been around for less than 4 months.. some of them only 2. They have yet to be scammed by BFL, so just let them blow their hot air.

Make sure to report back to us on the success of your BFL orders and all those BTCs you made...  Cheesy Wink
"Oh look, he's only been here for 2 months cause that's when he joined, he's a wanna be fanboi!"

Don't strain yourself patting yourself on the back.  I've spent many months lurking on here, it's just that now when the realization sinks in that these little magic money making boxes WON'T make you millions that people have come out in droves crying.  Yes, I was late to the bitcoin party but I also spent 4 months reading and thinking before placing my order with BFL.  Then I spent more months reading and laughing, cause *I* knew what I was getting into when I purchased.  My computer runs 24/7 and I used to use my GPUs for GIMPS so I had a set energy cost already with $0 gain.  Now I'm up over 25 bitcoins and I have not spent 1 red cent more than I would have if I were still with GIMPS.  Case in point, my electric bills have actually gone down, because none of the CPU coins out currently tax the CPU as hard as GIMPS did. 

Everyone on this forum has their 'favorite company' to get behind and cheer for.  Pfft.  None of them will pay off unless the value of BTC rises, which it is likely to do.  People bring up the difficulty repeatedly during their whines about not getting their BFL products.  "*I'M* losing money!!!"  Bullshit.  I built a time/motion study based on BFL shipping on time last Oct and only producing 1 1.5TH mini rig per day for 60 days, adding 90TH to the network.  With the price of BTC at that time, you'd have heard the same thing then as you are hearing now, cause RoI would be rapidly dissappearing for all but the ones who bought 1st.  While not exactly accurate, http://bfl.ptz.ro/ paints a good picture.  I see 20.82TH from 'known' day 1 orders from the 49 listed on there.  1/3 of my time motion study from 'KNOWN' orders and there's potentially 3-6x more UNKNOWN!  Sorry to say, but if they had shipped on time, NO ONE WHO BOUGHT IN JULY OR LATER would make back the BTC spent.  The value has since risen, so those smart enough to hold onto their coins WOULD have profited, which is the same case as now.

All of you are freaking out over the water that has risen to your ankles, but from what I see, none of you are listening when I point out the Tsunami about to break over your asses.  Conservative estimates on my part indicate 10 PETAHASH or in excess of 1.2 BILLION difficulty by the end of Dec.  Admittedly this assumes BFL, Avalon, KnC, Cointerra, Etc, Etc, Etc, Etc all ship or put online as they state.

BFL is the main target becasue they took the bulk of these orders over the last 14 months.  Many people are now demanding refunds and buying from competitors, but the end result will still be the same.

Yea, BFL is shipping slow... but... imagine where the difficulty would be today if they HAD gotten their shit together and shipped everything last Oct/ Apr  / Jun... 

Hate to tell ya trollboy, *MY* eyes seem to be the only ones that are open here. 
903  Economy / Scam Accusations / Re: BFL was a SCAM from the beginning -EXT HDD case being sold as a miner in 2011. on: August 21, 2013, 10:57:09 AM
The Bitforce Single was not in a hard drive case, it has a case very similar to what the Jalapeno uses. It's is also an FPGA miner not an ASIC.

Here is a video of one http://www.youtube.com/watch?v=neHHrC3qgIE



Your telling me that wasn't a Hard Drive case when BFL started? If you need a higher resolution of the site, ill be happy to upload it...

Full shot of that section.


Full shot of the site:
https://lh4.googleusercontent.com/-Hl2LpCbTs1A/UhSSTTbreBI/AAAAAAAAATQ/Czet6Cy0AoY/w1358-h849-no/BFL+began+as+a+scam+Proff.png
If you go by pictures, the Jalapeno was supposed to be ~1/2 the height it is currently and the LS/Singles were supposed to use what is now the Jalapeno case.  Plans change dude, just cause concept = something that looks like an EXT-HDD and turns out different does not equal scam.
904  Bitcoin / Hardware / Re: Possible to get refund from BFL? (paid via Bitcoin) on: August 21, 2013, 05:04:36 AM
1) If I  were german and paid for an ebay order through paypal with Duetche marks it would be converted to USD (or some other fiat) and credited to the seller.  When asking for a refund, that USD (or other fiat) would be removed from the sellers account and the Marks would be credited back to mine yes, we get back what we paid, and yes, exchange rates may have shifted, but that's like 1%.  
Nope. You get exactly the number of Marks, Dollars, Pesos, etc that you put in. They use the exchange rate at the time of the purchase, not the time of the refund.

From Paypal's website
Refunds are performed using the exchange rate which was current at the time of the original payment.

2) According to what I read, the PREORDER money you are referring to was not spent ON RESEARCH AND DEVELOPMENT, WHICH IS UNDERSTANDABLE, but to assume as you are that none would be used to purchase the products needed to create the parts in question is laughable.  How on earth could any startup company take 100's of millions of dollars of orders and not spend a cent of it on the materials to make the parts?  Did Avalon only take 10% on it's preorders?  Are all the other ASIC companies taking only 10% on their preorders?  
They are called factor loans. Also, they could get investors. The usual route is to get a factor loan to buy the parts and then manufacture and ship the product. If they can't get one, that is a big red flag.

What world do you live in?  Try placing a special order sometime... most places require payment up front and have a 15% restocking fee if you cancel the order after it comes in.  Whether you think so or not, that is basically what these pre-orders are, special orders.  The materials to build them has been ordered and paid for and now people want their money back.
No. These are not specialized one off devices produced for a single individual. This is mass produced hardware.

3) Wow, just wow... Let's stop and think... WHY did BFL refuse refunds in BTC?  Maybe because people were being unreasonable.  "I paid 500 BTC and I want 500 BTC back (mainly because that $3000 is not worth $50000!!!!!)"  
That is not unreasonable. That is business. If you hold someone's funds in escrow, you give them back what they put in. 500 BTC is worth 500 BTC, I don't care how many Euros or Dollars or Renmimbi it is worth.

If you paid 10,000 BTC (worth $60,000USD in June 2012) and BFL kept it as BTC and the price today was $3 pre BTC, WOULD YOU ACCEPT YOUR 10,000BTC BACK or would you call them a scam and demand 20,000 BTC cause you spend $60,000?
I spent 10,000 BTC. It was worth 500,000,000 Zimbabwean dollars and when I asked for a refund it was worth 500,000,000,000,000,000,000,000,000 Zimbabwean dollars so why wouldn't I be happy? Z$500,000,000,000,000,000,000,000,000 is way more than Z$500,000,000, so I came out ahead right?

If they hold that 10,000 BTC in escrow and I asked for a refund and then they refunded my 10,000 BTC, I would have to be happy they gave it back. BTC is money. If you hold someone's money for them, you don't play exchange rate games with them. If BFL wasn't prepared to assume the risk of holding BTC, then they shouldn't have offered to take it and hold it for 12 months.

<sigh> you repeated back exactly what I said, even though you misunderstood what I said.  YES PAYPAL REFUNDS WHAT WAS SPEND EXACTLY.  Matters not that exchange rates could have shifted. THIS IS BECAUSE WE ARE DEALING WITH FIAT VS FIAT  X was removed and Y was credited... then Y was removed and X was credited.  BTC is still not FIAT, while considered a currency by some it still holds status as a commodity.  Far as I remember, the pricing on BFL's website read USD and they would accept BTC in the amount of that USD.  This implies conversion.

You did not answer my question, WHAT ASIC COMPANIES ARE TAKING DEPOSITS FOR PREORDERS?  In your words then every ASIC preorder from EVERY company is a RED FLAG.

Special orders are not "1-off devices produced for a single individual'.  Go to Home Depot and try to order a Sauna.  Since it is not IN STOCK they classify it as SPECIAL ORDER, yet it is part of their catalog and has to be paid in advance IN FULL.  Considering they have a warehouse filled with them they ship from, it is not specialty built, but still a special order.  They have hundreds even thousands of them, but it's not sent to the store until ordered.  Kind of similar to the devices BFL is producing but they have ordered the parts and made a pre-built kit compared to BFLs ordering parts and building to order.

Yet again, you are talking about BTC as a viable currency.  When Paypal accepts BTC as a viable currency I will accept your argument.  When EBAY accepts BTC as a viable currency I will accept your argument.   Up until that time, you are selling a commodity for the USD funds needed to make a purchase.  BFL is simply being kind enough to reconvert the USD funds back into BTC to refund it to you.  YOU GOT THE SAME VALUE BACK. PERIOD.

The ONLY and I repeat ONLY way your argument is valid is if BFL did not take varying amounts of BTC for their miners over time.  If they said at the beginning "29BTC for a Jalapeno" and stuck with that regardless of USD value, then yes, your point is valid and they should refund you your 29 BTC.  Since the BTC 'price' VARIED while the USD price remained the same. YOUR POINT IS INVALID.  USD was the operating currency and by purchasing with whatever method you used, you accepted USD as that currency.  The only escrow needed to be held is USD as that is what they asked for.

I notice you deleted the sale of stock example and did not comment on it, probably because you realize it was correct and admitting that would damaged your case.  BTC is not a viable currency and is not recognized by Paypal or Ebay as such.

905  Bitcoin / Hardware / Re: Why BFL will survive as a company. on: August 21, 2013, 04:06:10 AM
Even if BFL ships those MONARCHS on DEC 2013...

Profit is still very low:

http://mining.thegenesisblock.com/a/f068ec2473

Is there anything that will be more profitable than the Monarch (if it ever really shows up)?
xCrowd, if not a scam.

Timing is everything. The price of a product, however competitive means squat if a more expensive device gets a significant lead on ROI before network saturation becomes so significant later, reputedly more efficient devices are made redundant before they get a chance to compete for the customer.

What I'm most confused about w.r.t. BFL and especially x-crowd. Is why pre-order at all when both are supposedly fully-funded. I mean admittedly BFL is using a delay tactic to transfer disgruntled customers. But x-crowd claim so valiantly they don't need to touch pre-order funds. But insist in collecting them anyway?!

Anyone who wants a 100% pre-order instead of a 10% deposit needs the funds to finance development and/or production.

How many ASIC companies are taking a 10% deposit?
906  Bitcoin / Hardware / Re: Possible to get refund from BFL? (paid via Bitcoin) on: August 21, 2013, 03:53:32 AM

Clueless.  BFL takes BTC payments through Bitpay which means whatever coins are immediately converted to USD and sent to them.  BFL does not have a storage wallet they keep BTC in, they only have the USD.  If you had bought in May when BTC was $100-120 and refunded in Aug when BTC hit $70 you'd have done well.

This has already been debunked thoroughly. Bitpay will only convert the bitcoins if the merchant instructs them to. BFL could have kept all of their payments in Bitcoin without converting any of them, which they should have in case they needed to refund them.


Ah yes, here's the old hindsight is 20/20 routine.  Obviously they kept all the BTC they were ever paid without ever converting it into USD cause they KNEW the price was going to spike.  Roll Eyes  Roll Eyes  Roll Eyes

I supposed they also kept all the rubles and francs and pounds and marks and yen they were paid without converting them either, IN CASE THEY HAD TO REFUND THEM AS WELL.
Paypal, Amazon, Ebay, and many other companies give you back exactly what you put in when you ask for a refund. That is what is common business practice.

Businesses cannot afford to hold onto a commodity (Yep, I said commodity and not currency) like Bitcoin due to it's volatile nature. <snip>stuff about hedging risks</snip>
Businesses should not hold on to Bitcoin yes. But scams would. Why else would BFL ask for a 100% deposit yet claim they would not spend the pre-order money?
If they were not going to spend it, but instead hold it, then yes they should assume the asset risk. Instead, they pushed that off on their customers because most of them don't have the faintest clue what proper business behavior looks like

April 5th BFL raises prices while BTC value is climbing.  April 10th BTC tops $250 before plummeting to $80, climbs back above $150, drops below 100, climbs again to 130.  Yea, let's ride the freaking roller coaster with 10's of millions of dollars FROM ONLY 2% OF SALES!
If BFL didn't need the money like they claimed, they could have taken a 10% deposit and lessen their commodity risk. It isn't the customers fault that BFL was faced with 12 months of currency risk. They shouldn't have to pay that toll as well.

See, this is where it makes absolutely no sense to me... After receiving a potential 12,000 orders in March while BTC prices climbed from $20 to $60 and beyond, tripling the value BFLs BTC holdings in a single month, they double the price on all units.

We just became multimillionaires from holding onto a small percentage of all sales as BTC and we're so freaking greedy we stick it to the customers.

Dude, believe in your fantasies.  I just don't see it.
I am not saying BFL did keep all the BTC, I am saying that BFL should have and could have (since they claimed they were escrowing pre-order funds)
If they set the precedent that someone could get all their BTC back, every single person who pre-ordered with BTC in 2012 would ask for a refund. BFL would go out of business if they actually offered to make their customers whole. However, that is the risk they took by taking 100% deposits and being late by 10 months.

Or BFL could have just been upfront and said "all refunds to be paid in USD because we are converting BTC to USD and spending it on development". Strangely, BFL has begun refunding people who paid in BTC with BTC. I guess that federal judge declaring that BTC was money put the fear of legal reprisal into them. Up till now, they just told you to fuck off if you paid with BTC.
1) If I  were german and paid for an ebay order through paypal with Duetche marks it would be converted to USD (or some other fiat) and credited to the seller.  When asking for a refund, that USD (or other fiat) would be removed from the sellers account and the Marks would be credited back to mine yes, we get back what we paid, and yes, exchange rates may have shifted, but that's like 1%.  But we are talking about a highly volatile COMMODITY called Bitcoin here and as far as I can tell, none of the places you list accepts Bitcoin AS IT IS TOO VOLATILE IN PRICE.  Continue your stupidity on this, I know you will, farcical notions will remain farcical no matter how you preface them.  So what if they accepted BTC for an item, the price was USD.  As you so eloquently state, "if the value of BTC had dropped they would have gladly given back the BTC paid".  Show me 1 person who would not have bitched about that.  You expect BFL to get raped cause value shifted, but refuse to get raped if it went against you.  The truth you are refusing to see is that if you sold 10,000 shares of stock to get the USD to buy a minirig and then the price of that stock rose, BFL would not be responsible for your loss of profit by selling when you did.  The same holds true for BTC whether you agree or not.  Plain and simple fact, you SOLD BTC for USD and purchased an item.  IN asking for a refund BFL has to BUY BTC with the USD they received and REFUND it to you.  If they refunded you the USD you spent on the minirig and you could only buy 1,000 share of the stock you previously sold, BFL is not responsible.

2) According to what I read, the PREORDER money you are referring to was not spent ON RESEARCH AND DEVELOPMENT, WHICH IS UNDERSTANDABLE, but to assume as you are that none would be used to purchase the products needed to create the parts in question is laughable.  How on earth could any startup company take 100's of millions of dollars of orders and not spend a cent of it on the materials to make the parts?  Did Avalon only take 10% on it's preorders?  Are all the other ASIC companies taking only 10% on their preorders?  What world do you live in?  Try placing a special order sometime... most places require payment up front and have a 15% restocking fee if you cancel the order after it comes in.  Whether you think so or not, that is basically what these pre-orders are, special orders.  The materials to build them has been ordered and paid for and now people want their money back.

3) Wow, just wow... Let's stop and think... WHY did BFL refuse refunds in BTC?  Maybe because people were being unreasonable.  "I paid 500 BTC and I want 500 BTC back (mainly because that $3000 is not worth $50000!!!!!)"  THIS is the main reason behind 99% of the BTC refund requests you cite... GREED... and when refused what happened?  "SCAM!!!!!!!".  Yes BFL is now refunding BTC, by converting the USD for the items paid into BTC and sending it.  

You can't have it both ways, but that's how you keep presenting it.  If as you say BFL should have held all those BTC and refunded as BTC now that prices have skyrocketed then as well, if prices had plummeted BFL should only be responsible to refund the BTC paid.

Before you refute everything above answer this:

If you paid 10,000 BTC (worth $60,000USD in June 2012) and BFL kept it as BTC and the price today was $3 per BTC, WOULD YOU ACCEPT YOUR 10,000BTC BACK or would you call them a scam and demand 20,000 BTC cause you spend $60,000?

You can't have it both ways.


907  Bitcoin / Hardware / Re: Possible to get refund from BFL? (paid via Bitcoin) on: August 21, 2013, 02:29:34 AM

Clueless.  BFL takes BTC payments through Bitpay which means whatever coins are immediately converted to USD and sent to them.  BFL does not have a storage wallet they keep BTC in, they only have the USD.  If you had bought in May when BTC was $100-120 and refunded in Aug when BTC hit $70 you'd have done well.

This has already been debunked thoroughly. Bitpay will only convert the bitcoins if the merchant instructs them to. BFL could have kept all of their payments in Bitcoin without converting any of them, which they should have in case they needed to refund them.


Ah yes, here's the old hindsight is 20/20 routine.  Obviously they kept all the BTC they were ever paid without ever converting it into USD cause they KNEW the price was going to spike.  Roll Eyes  Roll Eyes  Roll Eyes

I supposed they also kept all the rubles and francs and pounds and marks and yen they were paid without converting them either, IN CASE THEY HAD TO REFUND THEM AS WELL.

Businesses cannot afford to hold onto a commodity (Yep, I said commodity and not currency) like Bitcoin due to it's volatile nature.  No business wanting to keep it's doors open would be that stupid.  Sure, you have the luxury now of saying "BUT!  See how stupid they were if they didn't hold any?!?!?" cause you KNOW what happened.  BTC spiked back in 2011 at over $30 and then 6 months later it was $3.  The price had only recovered to $5-$6 by the time BFL started taking preorders.  Maybe you would be willing to take a chance at losing 1/2 your money, but that would be suicide for a business.  In addition, your logic doesn't hold water.  Let's get rediculous and say only 1/5 of all orders were paid for by BTC and BFL hedged and kept 10% of all the BTC and converted the rest to USD for their operating budget.  Now we have to step into speculation, which I dislike doing, but it's the only option I have with no hard data.  Using http://bfl.ptz.ro/ as a guideline, we can see 4951 orders totalling $10mil, which is unrealistic to begin with since it's based on the original pricing of the miners which almost doubled around April.  These ~5000 orders represent only 7% of potential orders.  49 of these 'known'(I use ' ' because trust is vague since people could post complete BS on here) orders were Day 1.  10 Mini-rig, 90 Singles, 8 Little Singles and 36 Jalapenos 'KNOWN' to be ordered day 1 and this could be 1/1 to 1/6 of actual day one orders..  $298,990 + $224,910 + $9,968 + $5,364.  $539,232 * 1/5 * 1/10 = $10,784 or ~1600-1800BTC.  2% is an extremely small amount to keep and we're seeing a minimal stash being worth $160k-180k from only a percentage of Day 1 orders, of which there could be 2-5 times as many of.  By December over 14000 potential orders had been placed.  88 'known' minirigs have been ordered.  This is from 1200 of a possible 14000 orders.  BTC price end of Dec is around $13.5, so lets use that even though it shorts us on BTC.  88 * $29.899 = $2,631, 112 * 2% = 52,622.24 / 13.5 = 3897 BTC.  In todays market almost half a million dollars if they had only kept 2% of total sales as BTC from 'known' minirigs orders from Jun - Dec.  You have to at least doublt that to account for the other 'known' products.  And this is from only 10% of the potential orders made!  That's potentiallly 100,000BTC from only keeping 2% of sales from Jun through Dec as BTC.

April 5th BFL raises prices while BTC value is climbing.  April 10th BTC tops $250 before plummeting to $80, climbs back above $150, drops below 100, climbs again to 130.  Yea, let's ride the freaking roller coaster with 10's of millions of dollars FROM ONLY 2% OF SALES!

See, this is where it makes absolutely no sense to me... After receiving a potential 12,000 orders in March while BTC prices climbed from $20 to $60 and beyond, tripling the value BFLs BTC holdings in a single month, they double the price on all units.

We just became multimillionaires from holding onto a small percentage of all sales as BTC and we're so freaking greedy we stick it to the customers.

Dude, believe in your fantasies.  I just don't see it.
908  Bitcoin / Hardware / Re: Possible to get refund from BFL? (paid via Bitcoin) on: August 21, 2013, 12:16:02 AM

That said, you should be able to get a refund from BFL in USD.


Huh??

He mean they will convert the USD value of the product you bought to BTC based on current exchange rate if you want to request BTC refund

Unless the exchange rate has fallen since then.  Wink
Then I bet they only return how many Bitcoin he paid.
Clueless.  BFL takes BTC payments through Bitpay which means whatever coins are immediately converted to USD and sent to them.  BFL does not have a storage wallet they keep BTC in, they only have the USD.  If you had bought in May when BTC was $100-120 and refunded in Aug when BTC hit $70 you'd have done well.
909  Bitcoin / Hardware / Re: Has anyone compiled a guestimate of the amount of pre-orders on: August 21, 2013, 12:11:37 AM
BFL: 7PH and rising.
910  Alternate cryptocurrencies / Pools (Altcoins) / Re: yPool.net XPM Pooled CPU Mining!!! on: August 20, 2013, 07:28:44 PM
I can confirm, my shares have dropped to from 0.04 XPM per block to 0.004.  Undecided

Rubbish, Ive switched most of my machines to solo.


One bad apple spoils the bunch.

In another thread someone was comment on making a miner than only searched for 6ch instead of trying to the 9ch needed for blocks as they could get 2000 6ch vs 200 by doing this,  From what ypool has done, it seems fairly obvious that some jerk did exactly this and flooded the pool.  Ypool obviously took all the chains submitted over the past week or month or whatever and decided that the overinflated value of 6ch was robbing the people actually finding the blocks, so they changed the value system to match what had been coming in.  Unfortunately, this means that the poeple who were not trying to cheat the system get shafted.
911  Alternate cryptocurrencies / Mining (Altcoins) / Re: [XPM]unofficial jhPrimeminer thread on: August 20, 2013, 10:41:50 AM
Which miner is everyone using? And can someone link me to it? I'm currently on Mumu's 7.1, but I'm having a tough time keeping up with which miners the posts above are speaking about lol. Which is the best now?

If we agree Mumu's 7.1 is still the best, what is the difference between Mumu's 7.1 and Mumu's 7.1 AVZ? Which is better for a laptop?

Thanks!

If you are running on a laptop, I'd stick with 7.1.  The AVX is for Newer CPUs running Sandy Bridge and Ivy Brige architecture.
912  Alternate cryptocurrencies / Mining (Altcoins) / Re: [XPM]unofficial jhPrimeminer thread on: August 19, 2013, 10:34:47 PM
New values for ypool shares!

6-ch - .000976
7-ch - .03125
8-ch - 1
9-ch - 32
10-ch - 1024
11-ch - 24576
12-ch - 49152

913  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] [ANN] Primecoin Pool Software on: August 19, 2013, 10:32:14 PM
The big problem for making pool is shares check....
Example: If you mine 9-er chain and submit 6-er chains as share you'll get about 20 6-er chains in a hour.
Exactly! A miner properly optimized for short chains (to get the best possible reward from pool) would have low performance on 9+ chains. Sort of withholding attack from pool's point of view.
Looks like someone was stupid enough to make one of these... Ypool has come out with new share rewards:

6-chains are now worth .000976
7-chains are now worth .03125
8-chains are now worth 1
9-chains are now worth 32
10-chains are now worth 1024

God you gotta love fools and their stupidity and greed.  Ya just F'd yourselves.
914  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin High Performance on: August 19, 2013, 12:04:34 PM
If you consider for that for 4 days difficulty hovered arouns 9.75 and is now approaching 9.77 it can be considered a spike.  Unlike BTC where you are going 50mil... 50mil... 50mil... 50mil... 67MIL!!!, this is constantly changing.  Since the schema of this coin is slow to react, a rise like this is very indicative of a spike in mining.  I could be wrong, but I could swear I remember Sunny saying something that made me think this is almost but not quite a logarithmic progression.
915  Alternate cryptocurrencies / Mining (Altcoins) / Re: [XPM]unofficial jhPrimeminer thread on: August 19, 2013, 11:22:10 AM
Hi there guys Cheesy

I finally got a cpu upgrade in the form of an i7 3820 which I run at 4.4ghz.
What are the best settings for the avx 7.1 miner?

Couldn't find up to date specific settings...
Thanks in advance!

EDIT: well, look what happens when running it.
your DLL is out of date. Do like the above poster mentioned.
916  Alternate cryptocurrencies / Altcoin Discussion / Re: [GIVEAWAY] Spots [SPT] and Copper Bars [CPR] on: August 19, 2013, 01:34:22 AM
MJpL1CtRZ4J7ayutJ2YAYj7WF7rdcmsc9n

cheers
917  Alternate cryptocurrencies / Mining (Altcoins) / Re: [XPM]unofficial jhPrimeminer thread on: August 19, 2013, 01:26:14 AM
Still getting the best results (measured by 4-ch/h) with mumus' version 4 under wine.
I'm on Ubuntu x64 and AMD Opterons.
Performance per core for v4 is about 2k 4-ch/h compared to ~800 for v7.1 (both wine and native linux).
that is because V4 adds all 4ch and up for 4ch total and V7 is only 4ch.
918  Bitcoin / Hardware / Re: ► ► ►HashFast Endorsement on: August 18, 2013, 10:58:08 PM
the fact of the matter is that by conducting BTC-only tx's, HF is helping to advance the Bitcoin economy by increasing BTC velocity.

end of story.

No answer for the nth time. Angry

I can only repeat that there's no BTC-only transactions here, the BTC gets sold for $$$ as soon as HashFast gets it.
HashFast has to sell this BTC on the open market, flooding the market with BTC.
More BTC for sale on the open market doesn't increase demand, so price has to fall if BTC to be sold.  
My BTC is worth less.
Your BTC is worth less.  Why?  Because we were forced to pay with BTC to a party that is *guaranteed to sell it on the market.*  Not hold.  Sell.

More BTC on the order books *needing to be sold* is a bad thing, Cypherdoc.

My neighbor, the cop, once told me: "People are confused about what we do.  We're not your friends and we're not here to help."  That also applies to people who ask you for money on the interwebz, Cypherdoc.  


1) If HashFast sells BTC for USD immediately, price will drop. 
2) If they sell for slightly less than others selling, price will ultimately drop. 
3) If they place a sell order larger than the smallest one price may remain same, decrease or increase. 

Most likely though it is #1
919  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] Why Primecoin is Useless, Doomed to Fail? on: August 18, 2013, 10:11:29 PM
With GPU mining about to come out soon, the difficulty will rapidly rise and we can expect only ~1K or less coins to be generated per day. This is an insignificant amount compared to the first two weeks.

Your math is wrong. Primecoin mint rate reduction is quite slow you won't see daily production drop below 10K any time soon (diff 12 = 10K daily production, a couple thousand times more difficult than the current difficulty 9.75).

Primecoin is designed to sustain a prosperous mining market long term, yet still have stronger scarcity in the short term (first 4 years) than bitcoin's design. These are conscious design choices. The release was pre-announced 10 days in advance, to ensure no advantage to anyone and a fair initial participation.

I think you are deluding yourself, my math above may not be exact, but it is representative. The coin was designed so that those that mined in the early few weeks would capture the vast majority of coins mined, leaving both little opportunity or incentive for others to join later and participate.

Your argument is everyone was free to participate in those first few weeks does not matter, those that did not (who are most people) now have little incentive to join and care about primecoin.
Then it's time to say "goodbye troll".

Shut up and leave us to our mining. 
920  Bitcoin / Hardware / Re: USB eruptors are terrible or have I been unlucky? on: August 18, 2013, 08:13:09 PM
Wait until next weeks difficulty adjustment, ~61MM   Roll Eyes
67 mil now
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