21st December 2012 is when i think they will deliver
"If Only, If Only," the Woodpecker sighs EDIT: (for those of you unfamiliar with the reference, it's from the book " Holes" by Louis Sachar) |
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Jaryu, do you still have any Singles for sale?
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you can always donate those cycles to folding at home or world community grid.. just think of the energy cost as a donation to charity  I'd love to, so long as I can write off that donation on my taxes this year  |
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I've cut off my GPUs as well. They were only marginally profitable before, but now it's nothing but a loss thanks to energy costs. Maybe if the difficulty gets low enough (or BTC price gets high enough) I might consider it again  |
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Hashrate is going down a little, but not as much as most people (including myself) would have predicted. 50% drop in profitability, and only a 2-3% drop in difficulty?
There's been some speculation around this already, but it could be that either a) people haven't realized the profitability impact of the reward split on top of their current energy costs, or b) they're still profitable, so might as well keep mining until ASICs come out. It also helps that the USD/BTC price has increased, and difficulty is still decreasing a bit at a time. |
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Why haven't customers been issued prompt refunds in accordance with FTC regulation?
Unfortunately the regulation part deals with shipping delays after their "official" ship date, which last time I checked (a while ago) was January 1st. Other than that, people can apparently get refunds at any time if they ask before the 1st. |
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wow, is it possible to get more threads like this?
Sarcasm aside, ask and you shall receive |
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Wait, so MPOE had a transaction volume of 25,000BTC in the month of November. MPEx had a profit of 433BTC in the month of November. Somehow that means they're worth 45 million USD? I'm not seeing the math.
Looky here : http://live.coinbr.com/?mpsic=S.MPOEThat's the share price over whatever interval. Multiply the share price with the total number of shares and you have the implicit market valuation. Pretty basic stuff. Ok...I'm confused. How does transaction volume directly correlate to your monthly net income? I'm not terribly familiar with MPEx, but I presume you get a small fee per transaction? ...and share price x market cap doesn't mean that's what your company is actually worth. If that's the case, then I'd be worth 10,000 BTC. Three primary aspects go into valuation: Assets, your market, and income. Assets -- What does MPEx own of value? Market -- Your company is tailoring to a niche securities market. Though this market has the potential for high growth, that isn't its current case. Income -- You've provided a very, very, very basic "Revenue / Expense" sheet vaguely describing this. I think it's easier to just sit down and explain things to people rather than post pictures and let them figure it out on their own...you'd see a lot less negativity toward your exchange if you did that. |
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Quick Update:
The previous issue (as pointed out by Enygma) has been resolved. Users and Investors should now be able to purchase Notes without seeing the "Invalid Fund Symbol" error. As always, if you find there are any other issues please let me know!
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Got the dividends. I planned to reinvest them, however, when I try to buy the IPO, I get an error that the fund symbol is invalid.
Thanks for pointing that out and I just checked and it's doing the same thing for me. I'll talk to Lightbox and see if we can get it sorted out. |
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Dividends have been paid today at the standard 1% per unit.
Investors -- When you have a moment, please check your accounts and make sure your balance has been updated properly!
If there are any discrepancies, let me know.
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For me, I'm only buying from BFL because of two reasons: 1) Power Specs and 2) Earlier shipping.
As other ASIC companies start to come closer to equal power specifications with BFL, the defining factor becomes shipping. I've got a $10,000 order ready to be placed...the first company that has a solid, working, prototype and set shipping date gets it. BFL was the ringer for a while, but they're clearly falling by the wayside as problems mount and competition steps up.
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My guess is that it also helped you gain a more concrete understanding of your rights and responsibilities and what's potentially at stake, making you far less likely to proceed with the business if you're not willing to accept those responsibilities.
Oh hell yes. Seeing the hurdles in front of me before I started had me seriously contemplating the value of it all. My faith in bitcoin as a means for virtual transactions is a substantial aspect that helped me go through with everything. It pisses me off no end when people claim that they "can't afford a lawyer" when they start a business. It tells me that they don't care about understanding and meeting their legal obligations or protecting their own or their customers' interests - why the hell would I want to do business with someone like that?
Couldn't agree more. It definitely takes money to make money.
If you're going to start up a business you need a good chunk of savings or an investor lined up that is willing to pay out some significant $$ so that you can get things rolling with an accountant and a lawyer.
This is true to an extent. I'm not wealthy by any means, nor did I have any outside investing to get me started (though that option is available to me). I did most of my work through LegalZoom for my business..for their "Business Advantage" I was a part of, they give you free access to a CPA and Business Attorney. The expensive part on my end was talking with a Securities Lawyer here in Burlington. At $250 a hour, his advice didn't come cheap. |
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My question is by owning shares in them should you have unlimited liability if the operator goes rogue? There seems to be some illusion that owning shares in one of them in particular is a different animal than all the rest when there is no actual difference being that the operator controls the day to day operations and the shareholders have very little power to change anything. What can you do when they effectively steal the company and cause massive losses to its customers  Are you supposed to be treated like a leper because you invested in any of these companies which for all intents and purposes are exactly the same ? If this is the case we are going to have to rethink shareholder agreements in the bitcoin world. Because if an operator issues a security which makes the buyer liable for massive losses that is unacceptable. Naturally I speak for myself and my company, but this is the same sort of thought process I had back when GLBSE was still around and people had securities on it. When things started to take a turn for the worse with them, I started to really reconsider the direction of my company. That's why I went legit, in the full sense of the word. I registered my company in the state of Vermont and all normal Federal organizations, as well as the IRS. I spoke with lawyers and drafted up legal documents that tie my Fund with my company. And yes, they are in fact LEGAL and BINDING. Nothing. Sue them?
Nothing. Call the police?
Nothing. And that's the lesson.
I should spend thousands of dollars on a lawsuit because I bought a few shares ? Surely there is a better solution. That said, it would be very unwise for me to "go rogue". In that event, I could (more than likely, would) be sued by any investor. Stipulations within my contracts require me to cover the costs associated with the return of the investors money in this event as well. Part of why I did this was to stand out from the rest...I didn't want to be just another "Mining Fund". I'd like to think formalizing and legalizing the process has helped. |
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Why not get the miner dev's an underclocked working prototype so we have working software for these ASIC's?
+1 I'm not sure I'm understanding the operational and PR processes BFL is going through on all this. In this case, because the product is very much still in R&D, it doesn't need to be absolutely perfect in every way before the customer sees a prototype. Just show me a board with some chips hashing on a test network...it may have noise, heat, wattage, hashing, or other problems, but at least it would be known that it does exist and does work. I can take pictures of circuit boards with chips on them all day..doesn't mean they work though Come on BFL..give us something to work with here. |
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It was fun to just stare at blockchain.info for those last few blocks to see who would snag it though!
I agree, it is quite interesting to watch. Also interesting to see that 80% of all the scrolling transactions are for SatoshiDice haha |
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Slush got the last one.
EDIT: By last I mean the famous "block 210000"
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9 blocks to go...at this rate, just over an hour away to the split. See you guys on the other side!  |
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