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BOOYAH $3! IN YOUR FACE PROUDHUN!
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It would just be funny because he was just saying how it would NEVER go above $3 again. The other day he said we were going to sub $1 BTC by now already. Come on $3!
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Nagle just called me and said that it will be -1.5 $ tomorrow.
So, who do I pay to take these damn coins from me?  Ill take them off you for free  |
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Someone better get buying then. There is still 17,000BTC between here ($2.9) and $3
17k BTC isn't that much. And once we clear the 3$ mark this market is going to enter a free-fall... In a world with reversed gravity that is.  In relative terms, no it's not a lot. But, I couldn't buy 17,000BTC, so to me (and most here I'm sure), that's a lot. But, I do agree. If we get past $3, it will take flight. No it won't. You're all getting played right now. The long, slow slide is going to resume sooner or later. Bitcoin will never, ever reach $32 again, ever. Period. The odds of it ever reaching $5 are so low it's not even worth considering the possibility. This is just the usual blip upward before this market resumes its march to oblivion. I'm sorry to see so many people so easily fooled, again. Just like we were heading to sub $1 BTC last week? I would take what you say with a grain of salt. |
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At $2.80 it doesn't seem to be much of a "drop" with strong support at the $2.60s.
Unless it does what the high school senior dude does on prom night when he realizes he forgot the condom Punch her in the stomach after? I dont really see how that applies. |
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Going to get liquidated on your shorts at bitcoinica if it does? That would really be funny, losing your shorts so to speak. I think we are headed for $3 BTC sooner rather than later. |
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$3 here we come! Too bad I might lose out on this one again because I sold at the wrong price. 2.88 lol
Good thing im only playing around with less than 3 coins and I have more than that in my wallet.
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Damn this price stability! LOL!
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The main reason to buy stuff like BFL is trying to sell is because of the low electric usage. That is the main selling point.
Which is irrelevant if you live in an apartment. Also in my case my apartment gets cold in the winter so my rig doubles as an electric heater. That works great for the <10Gh people. But what about the 20, 50 or even 100Gh? That is not going to happen on free elc with GPU.. Atleast not on any scale that would impact global hash.. I think corporate level mining like that goes against what Bitcoin stands for anyways. The idea is to decentralize so that not one party holds all the cards. A bunch of low level miners (GPU miners such as myself) are better for bitcoin in the long run. I would actually be curious to find out how much % of the global hashing are from people such as myself and corporate level miners such as goat (no offence). I think those that do it at that level are taking a much higher gamble and I just wouldn't advise it. No offense taken, but I am not really corporate. I did a few weeks ago start selling shares in a company I just formed but I did the 10 GHash/S as a hobby and because I believe in bitcoin. I am selling no more than 30% of my company and am only selling so I can support the Global Bitcoin Stock Exchange. I am doing this as a hobby, soon I hope to be selling gold and silver over GLBSE as well. Computers and Business is where my main interests are in. Bitcoin is my sorta game. I have spent 1000's of hours setting up my rigs and getting things right and could have made more money doing other things. I just want to get into the bitcoin business world first. I have a good reputation so far and hope to keep this up. I am not the only person who runs 10Ghash/S plus just for the hell of it. I just used the word corporate for the lack of a better word. I am sure if I made enough on mining and was into it I would reinvest into hardware. The fact you are selling shares to your company kind of proves my point though lol. It takes massive investment and Im just not sure thats what the creator(s) had in mind when they created. 10 Ghash could be done by 1 person but not 100Ghash. At least not without being partially insane lol. |
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The main reason to buy stuff like BFL is trying to sell is because of the low electric usage. That is the main selling point.
Which is irrelevant if you live in an apartment. Also in my case my apartment gets cold in the winter so my rig doubles as an electric heater. That works great for the <10Gh people. But what about the 20, 50 or even 100Gh? That is not going to happen on free elc with GPU.. Atleast not on any scale that would impact global hash.. I think corporate level mining like that goes against what Bitcoin stands for anyways. The idea is to decentralize so that not one party holds all the cards. A bunch of low level miners (GPU miners such as myself) are better for bitcoin in the long run. I would actually be curious to find out how much % of the global hashing are from people such as myself and corporate level miners such as goat (no offence). I think those that do it at that level are taking a much higher gamble and I just wouldn't advise it. |
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The main reason to buy stuff like BFL is trying to sell is because of the low electric usage. That is the main selling point.
Which is irrelevant if you live in an apartment. Also in my case my apartment gets cold in the winter so my rig doubles as an electric heater. |
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If this is legit, I would imagine it would greatly change the mining game. If it really does cost $600 for 1ghash than this will essentially force GPU mining out of the game would it not? I would probably continue to run my GPU miners since I already spent the money on them, but any additional capacity would be done with the BFL products.
What effect do you think these products would have on difficulty? Do you think it would raise difficutly because the majority of miners would add capacity with these new toys, or would they just replace the GPU mining that is already occuring?
Will the simplified technology promote the casual miners who seemed to have left with the price colapse back in? Would this in turn raise the dollar value.
If this technology IS real, I think it would open the door for a lot of questions going forward.
You are making the assumption that people only buy GPUs solely for mining. I bought my GPU for gaming with mining in the back of my mind. Still at $200 for roughly 400Mhash I still beat it in cost per Mhash. GPU mining will never die as long as there are gamers. |
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I agree! That's what's so perplexing about it all. They've gone to so much trouble, but couldn't get little things like the business name right.
Or they have several businesses (engineering and sales & marketing) with their own name, or they cant agree on the public name. Its really the kind of thing you see when a bunch of engineers start their own company and they havent hired anyone with commercial and marketing experience (or given him the authority to make those decisions). Believe it or not, Ive seen it before with a startup. Then when asked about corporate registration in this thread they should have indicated WHERE Butterfly Labs Inc is actually incorporated. Calling yourself "butterfly labs" is one thing calling yourself "Butterfly Labs Inc." without an legal entity incorporated in that name (or fictitious business licenses akak DBA license) is unlawful. Before I have said what they are doing is illegal however, who would you deal with? Clearly this is not a police matter. I have been saying for a long time there needs to be a corporate police force. One that polices corporations and one that we can file complaints to and will actually be investigated by. Alas I am not sure such an organization exists and if they do they are so underfunded (on purpose) I am sure that they do not exist. Corporate criminals are the worst kind. |
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The only other board they had on hand was an ASUS that I wanted the first go around. They talked me into this because the ASUS used the same RAM that I already had.
Thanks for your help.
Gigabyte is good too but its the chipset that is important ultimately in a board. If its an asus with the same 790 then it probably wont make a difference. I had to buy new ram as well but DDR3 is cheap. I was a bit disappointed in the ram I bought though because its supposed to be 1600Mhz but I can only run it at 1333Mhz. I had a bad feeling about it as soon as they said it was an open box. |
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Ram is fine, I change it. HDD is fine, I changed it.
Could maybe be more than one of the video cards went bad at the same time but doubt it.
Might be the PSU but it fails even with 2x 5850 and a 1x 5830. I guess to be really safe I should try it with a different PSU.
My case is open and it does not get that hot compared to my 7 other rigs.
I will not be buying new hardware, just exchanging it. My biggest fear is looking stupid:)
If you exchange it for the same 790 chipset I am afraid you will probably have the same problems. Like I said it does not take much for that chipset to overheat. I forgot to mention that i also ran a cpu fan directly over the chipset and it still wasnt enough cooling. My system is a closed case but its got 3 x 120mm fans and 2 x 140mm case fans. If they will let you exchange it for a sabertooth 990fx then get it. That motherboard has a 5 year warranty which is much more than any other because of the mil spec testing. It is from Asus too so they arent going anywhere in the next 5 years. I re-read the first post that says this is a new motherboard so yes that is more than likely the issue. Replacing for the same board won't fix anything. Since it still happened with 3 cards (unless they are 250 watts each) then it is probably not your PSU either. I think I read they are appx 180W so 180W x 4 = 720 watts so that would push it but 3 shouldnt. |
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Can I be safe and assume it is the motherboard? I do not want to go back to the shop and try to exchange it and it be something else.
Thanks.
I would check your voltages from your PSU to see if they fluctuate any and also rule out hard disk issues. I am not familiar with those cards but if they vent inside your case then you may have cooked your hard drive too. Also run memtest to see if it is your ram. As a rule of thumb always rule out any other failure point before you buy new equipment. I am just saying this is the most likely suspect in my opinion. |
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Thank you for all of your help but I am 98% sure that my problem is a bad 5850 that is just messing up windows some how.
btw, when you say PSU blow up, what do you mean? How did that effect the rest of your rig?
I mean the capacitors popped like a shotgun blast. I was hoping it would still be operable and waited a few minutes before turning back on but then I had two pops. Luckily it did not damage anyting else but in theory it could have fried my mobo, gfx card and hard drives (5). The motherboard I have has surge arrestors which Im thinking may have helped to save me. I have the Antec HCP-850 now but wouldnt run more than 500W of graphics cards on it. As I said with my 790 if I tried overclocking my CPU it would heat up and I think at 55-60 it slows down as a self protect. To the extreme with the 4 way crossfire you are running it may cause BSOD and crashes. The PCIE lanes are also processed by the northbridge so I think that has to be a possible suspect for you. It was not the 5850, I think it might be the motherboard again. I think you might be right about it getting too hot. 55-60 just seems way too low for it to do that... fail fail fail... Thanks:) No problem. I wasnt too thrilled about that chipset and i thought the temp seemed low but I would watch my clocks and temps while running prime 95. I oringinally thought it was my CPU overheating but then I put a Corsair A50 on it which dropped the temps significantly. I then watched with HWMonitor for temps and I forget what else I was using to monitor the CPU clock but I noticed as soon as I hit either 55 or 60C it would underclock by 300%. It might not have the same protection method for GPUs and specifically multiple ones. I considered buying an aftermarket cooler but quickly ruled it out because I was using all 4GB of ram I had with some games and programs and DDR2 is not so easy to find anymore. I went with the sabertooth because almost all the components are rated for military specs which is amazing and the board coolers are much better. I havent regretted that decision one bit and I basically doubled my PCIE lanes with it. I also get bulldozer compatibility which I did not have before. |
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Thank you for all of your help but I am 98% sure that my problem is a bad 5850 that is just messing up windows some how.
btw, when you say PSU blow up, what do you mean? How did that effect the rest of your rig?
I mean the capacitors popped like a shotgun blast. I was hoping it would still be operable and waited a few minutes before turning back on but then I had two pops. Luckily it did not damage anyting else but in theory it could have fried my mobo, gfx card and hard drives (5). The motherboard I have has surge arrestors which Im thinking may have helped to save me. I have the Antec HCP-850 now but wouldnt run more than 500W of graphics cards on it. As I said with my 790 if I tried overclocking my CPU it would heat up and I think at 55-60 it slows down as a self protect. To the extreme with the 4 way crossfire you are running it may cause BSOD and crashes. The PCIE lanes are also processed by the northbridge so I think that has to be a possible suspect for you. |
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I used to have a motherboard with the 790 chipset and it would overheat constantly. WHen it overheated it would downclock my CPU and other components. It sounds like your PSU is a little low for what you are doing but I suspect it might just blow up at some point like my last PSU did. You might not be getting optimal performance with those cards because of the lack of PCIE lanes. I personally just bought the Sabertooth 990FX and it works great. There is a 1090FX coming out soon which will have even more PCIE lanes. That is of course if your GPUs are saturating your lanes which I think you just might be.
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k, effort and lost opportunity against the potential profits from a scam like this; Id say its incredibly stupid. If you want to scam bitcoiners I can think of a 100 easier, safer and more lucrative ways.
I agree! That's what's so perplexing about it all. They've gone to so much trouble, but couldn't get little things like the business name right. I'm not jumping all the way to either side of the fence yet, but there are a lot of things that don't make sense to all of this. I have the feeling that most people in this thread feel the same way. All we can do is wait and see. Yeah all of a sudden its a BitForce product? Are they BitForce Labs or Butterfly Labs. Im confused. |
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