I am no longer going to use btc-e.
First they add novascam, now the add pumpcoin- i mean feathercoin
I was OK with PPC and TRC, but this is rediculous.
Im glad ltc is going to gox!
I don't even know anything about Feathercoin, but what's wrong with letting people trade whatever cryptocurrencies they want? I think it is awesome that BTC-e isn't afraid to add all sorts of alt coins for trading. Unless of course they are trading against their users. When the added NVC they had a huge 100K stockpile of coins ready to go. Wouldn't be hard for them to have accumulated a good enormous pile of coins cheap knowing that they would add the coin and then sell on the users at this crazy prices. Skepticism. :-) Ok, so they do some insider trading. That's happens all over the BTC community in a variety of ways. Is it really that much of a problem? Why aren't we cracking down on it elsewhere? |
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I am no longer going to use btc-e.
First they add novascam, now the add pumpcoin- i mean feathercoin
I was OK with PPC and TRC, but this is rediculous.
Im glad ltc is going to gox!
I don't even know anything about Feathercoin, but what's wrong with letting people trade whatever cryptocurrencies they want? I think it is awesome that BTC-e isn't afraid to add all sorts of alt coins for trading. |
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I can confirm receipt of the 5 BTC, and will be shipping out the coin shortly! |
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I managed to confirm my order. I had to refresh pages sometimes because Cloudflare would kick in. It took a bit, but I did manage to accept and confirm the order is now "Processing".
Hmmm, my order has said "processing" for quite a while. I can't get in, but I wonder if it'll be asking me for confirmation or not. It will ask the moment you log in. A popup window will appear. The order status at this point is something along the lines of "Waiting for acceptance"... or something like that. Once you agree, it will go back to "Processing". Mine didn't. I finally had the option to upgrade to express shipping a couple of days ago, so I did so. My status currently is "Upgrade Pending", and previously was "Processing". Hopefully I don't get a nasty surprise by not being able to confirm my order. |
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I managed to confirm my order. I had to refresh pages sometimes because Cloudflare would kick in. It took a bit, but I did manage to accept and confirm the order is now "Processing".
Hmmm, my order has said "processing" for quite a while. I can't get in, but I wonder if it'll be asking me for confirmation or not. |
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Garsh! I wonder why we've been delayed? It couldn't be because there was a problem, could there? Garsh!
Yet another evasion. Josh never addresses how in November he claimed to have 3 working products sent for certification testing. Yet the Jalapeno as designed was untenable and could never have worked. The mini-rig was an absolute fantasy given its 7500W power profile. One Single barely limped into the dubious category of shipped without leaving BFL on April 1st. We now know BFL had serious problems with development (finally). If you had just admitted that you needed to do a complete redesign in October, I wouldn't be here typing this. The level of stupidity displayed by Syke and the crew is absolutely astounding. I mean, even a child can understand problem + delay = things not working. Seriously, what mental breakdown is required for someone to be so oblivious as to not understand the basic fundamental principal of cause and effect? I find it difficult to believe someone can be so incredibly stupid and still be able to use a computer. So that leaves willful trolling... which pretty much explains Syke and the rest.
And that, folks, is why Syke, PuertoLibre, k9quaint, et al are complete wastes of humanity. They are the ones that wreck this forum for everyone else and prevent any sort of sane, rational, mature discourse.
Followed by his standard tactic of insulting those who dare to disagree or question him. A reasonable explanation: They sent in the QFN-packaged version before they knew of the heat issues faced, and did or did not get it certified. Doesn't really matter, since they had to redesign the whole thing anyway. |
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Don't have a computer capable of running it? Or you haven't bought the game?
Both, and I was really just wondering for my little brother, and he plays on Xbox. Ah, good point. Not much you can do about it then, sorry...  |
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I just can't understand how anyone could defend BFL unless he/she has an incentive to do it (promised early machine or something) or hopes he might get one by placing himself in their backs.
I do it because I don't like people to be wrong on the internet. If something needs to be corrected, I correct it. BFL didn't purposefully do anything malicious, so I defend them. They don't deserve to have various non-customers on the Bitcointalk forum slander them. I think it's fair to warn everybody reading here that NO MORE PREORDERS should be placed until they really prove they can give PRECISE delivery dates for both past and new orders. I think it is fair to warn everybody about past performance, but it is not fair to tell them what to do. If people want to place preorders, it's no business of yours. Warn them that BFL has only delivered a handful of units since taking preorders back in 2011. Warn them that BFL has no precise delivery date. But who are you to decide whether it is a good or bad investment for them? That is a decision for them to make. |
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Keep in mind that mining profits would go up 10x as well.
ASIC's are not "the goose that laid the golden egg" as some people try to push that view of their effect on mining. It's a moving target, ultimately profits will come down to the energy cost per coin. There is nothing stopping BFL or Avalon re-doing their ASIC in TSMC's lower power 20nm fab sometime in the near future, and shifting the mining profit goal post yet again. Sure, ultimately that'll happen. But we all know that it takes months for difficulty to follow price. And the lag time might be even longer with application-specific hardware, since BTC dropping to zero would effectively render ASIC products useless. With video cards, people could easily recoup most of their investment by reselling their video cards if BTC took a dump, but with ASICs, not so much. It's a riskier investment, ensuring that break-even will remain a short time period until enough people have faith that BTC is here and stable (hah!) for the long term. |
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I just can't understand how anyone could defend BFL unless he/she has an incentive to do it (promised early machine or something) or hopes he might get one by placing himself in their backs.
I do it because I don't like people to be wrong on the internet. If something needs to be corrected, I correct it. BFL didn't purposefully do anything malicious, so I defend them. They don't deserve to have various non-customers on the Bitcointalk forum slander them. |
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So you post the image of the hashrate as if it supports your opinion. However, even taking the most conservative number on that chart, 486 TH/s, a BFL single would still earn between .4 and .5 BTC a day. That's $70 a day, or $2100 per month. A 1 month 100% ROI at 486 TH network hashrate. If the network hashrate is anything LESS than 486 TH, your 100% ROI timeframe drops dramatically.
Yes... once again, only in the bitcoin world is a 1 month 100% ROI cause for panic and bitching, heh.
Unless the price of BTC in late July / early August (the date of the 486TH hash rate) is $14. Then it would take considerably longer than 1 month to earn your money back. And the hash rate does not stop growing at 484TH (as your analysis presumed). You are looking at more like 18 months to earn your money back. Please cite your math for 18 months. Fine, lets double the hashrate to 972 TH, that's .25 BTC a day, or $35 USD, or $1050. Oh no, 2.5 month 100% ROI! Stop the train! Holy crap! All of this assumes you START with a difficulty of 972 TH. The fact that we would be starting with 1/100th of that or thereabouts means your 2.5 months is reduced drastically. I understand but what about the potential investments? What if I can buy 10 BTC for $1300 today and in 4 months that $1300 goes up 10x? So I lost the chance to make ~$11000? Keep in mind that mining profits would go up 10x as well. |
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Is this only for the computer? Or for Xbox?
Only for the computer. Oh damn. Don't have a computer capable of running it? Or you haven't bought the game? |
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There are a handful of people who placed orders on the tail end of the FPGA process who elected to wait for the ASICs (since they were shipping RSN (TM)) after they had already placed and paid for their order. Scared is one of them, and we ship by date paid, not order number anyway, so it's kind of immaterial.
Makes me wish I had ordered Jala's instead of Singles, given that I was an FPGA upgrader as well!  |
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Is this only for the computer? Or for Xbox?
Only for the computer. |
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BFL miners will be quite profitable for quite some time. BFL would have to ship around 1.75 MILLION Single SC's in order for it to be unprofitable to run a Single SC at $0.08/kwh.
That would only be true if no other ASICs were brought online by any other manufacturer. Fat chance of that. Lots of ASICs are going to make the difficulty skyrocket long before BFL ships a bunch of Singles. 1.75 million 60GH/s ASICs? I highly doubt it. |
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Try and sell it. People are paying crazy money for ASICs that are unlikely to meet ROI.
Unlikely to meet ROI? Let's see... on June 23, 2012, when preorders were opened up for BFL ASICs, difficulty was around 1.8 million. Now, difficulty is just over 10 million. That's a 5.5x increase. And yet, on June 23, 2012, the expected return on investment would have been calculated using $6 as the price per BTC. Now, the price is $140. That's a 23x increase. So it's actually 4 times as profitable now as it was when preorders first opened up.BFL miners will be quite profitable for quite some time. BFL would have to ship around 1.75 MILLION Single SC's in order for it to be unprofitable to run a Single SC at $0.08/kwh. And if the BTC exchange rate goes up to $1400 it would be a 230x increase in expected return on investment. If the BTC exchange rate drops to $14, it would only be a 2.3 times increase in expected return. Nobody knows what the exchange rate will be in the future. That is why people should talk about expected BTC mined from BFL products, not USD expected from BFL mining. BTC expected from BFL mining is only 18% of what it was in Oct 2012. More like 21%, but yes, I agree. What's your point? BFL never made any guarantees regarding how profitable their device would be. They never made any guarantees regarding difficulty or a certain number of BTC generated per day. They've always offered refunds to anyone who asked for one. And it has always been the choice of the customer to risk their money on a pre-order of promises. Back to the original quote I was responding to, which stated that "People are paying crazy money for ASICs that are unlikely to meet ROI." This person was clearly speaking of current prices (in USD) for ASICs. My response is that the notion that ASICs would not pay for themselves if ordered today is completely absurd, because it would take 1.75 million Single SC's shipped out before a BFL ASIC would become unprofitable to mine with at current prices. So somehow, FlappySocks thinks that BFL (or another ASIC vendor) is going to ship out 1.75 million units before a device ordered today would fully pay for itself. I'm just saying that that idea is flat-out wrong, unless FlappySocks expects the USD price of BTC to drop drastically. Looking from a USD perspective, a unit ordered today would most certainly pay for itself as long as the BTC price doesn't move downward. |
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Try and sell it. People are paying crazy money for ASICs that are unlikely to meet ROI.
Unlikely to meet ROI? Let's see... on June 23, 2012, when preorders were opened up for BFL ASICs, difficulty was around 1.8 million. Now, difficulty is just over 10 million. That's a 5.5x increase. And yet, on June 23, 2012, the expected return on investment would have been calculated using $6 as the price per BTC. Now, the price is $140. That's a 23x increase. So it's actually 4 times as profitable now as it was when preorders first opened up.BFL miners will be quite profitable for quite some time. BFL would have to ship around 1.75 MILLION Single SC's in order for it to be unprofitable to run a Single SC at $0.08/kwh. |
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I have hurt no one. If you've been hurt by bitcoin, in whatever fashion, you seriously need to re-examine your life and reassess your priorities. Putting yourself in a position where you can be hurt by an experimental currency and bleeding edge technology is not just stupid, it's completely irresponsible and you shouldn't be allowed near a computer, much less money. On top of that, the timeline for the ASICs was set and announced long, long before I came on board. As I've said, again in countless places, going forward if I have any say in the situation, BFL will not be announcing timelines beyond "When it's ready." This is a lie. Surely as Bitcoin is the cause of you having customers and clientele, can the act of not holding up to your promises cause the same amount of loss in others. If I had invested with bitcoin instead of your machines to mine them (2x singles), I could have potentially made $80,000. I would have been married by now. :| Do you think your machines will make me that money? Until they do I will always be remembering how you "bait and switched" me. That has nothing to do with Josh and everything to do with your own poor investment decision. If Bitcoin was destined to go up by enough to make you $80,000, then you should have definitely bought/kept those Bitcoins! Why on earth would you ever have sold your Bitcoins if you knew they were going to go up to $140 apiece?? Seems like a REALLY bad decision by jordaninthesky! And better yet, if you knew that Bitcoins were going to go up from $5 to $140, why did you not take out a credit line or something? You could have turned $2,800 into $80,000 easily! And boom, there's your wedding! What's a few dollars a month in credit card payments when you are getting 80 grand just 10 months down the line? |
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