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Trolls are coming thick and fast, wheres Gandalf?
Trolls go where the food is and where people are willing to feed them.  |
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AM is not the latest crap in bitcoin world. aaaactually, i beg to differ. AM - 0.554 J/Gh at 11.52 Gh/s. Spondoolies - 0.58 J/Gh at 7.5 Gh/s. Not my thread, but I need to set the record straight. Our ASICs can achieve above 10 GHs. It was just one corner measurement. At the end, it's system efficiency. I saw three examples of systems based on AM3 in the wild, all of them above 1.1 W/GHs. Out system is about 0.85 W/GHs at full power. We've taped out our 2nd gen ASIC, and we'll be below 0.45 W/GHs at the system level in two months. AM3 can't compete on 28nm, since it's "custom design", which means it will take at least 6 months to produce 28nm. Well in time for our 3rd gen. Finally, we can compete on the price as well. Can you guys imagine FC showing up in this guy's thread and commenting about how they are doomed? |
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USD, RMB, or BTC - these won't have a positive ROI any way you cut it.
Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will). It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration. Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.
If a rise in BTC price is necessary for miners to make ROI wouldn't it just be better to buy and hold? bingo! Yes but as I said, this is an option for people actually want own some mining hardware (see above). From looking at the Mining Hardware subforum, there are plenty of USB miners and then there are small ASIC boards. This serves as another option for those people. Are you going to make a 10x return? No. Obviously if there is no demand, then the test run of the ~1000 units (~4000 chips) would be a failure. For the record, I do think there is demand and I think these 1000 will sell out rather quickly. I bought a device last year that proved a poor choice financially compared to buy and hold. I did have lots of fun running it though. I don't think I'd do it again but I'm glad I did it once. |
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USD, RMB, or BTC - these won't have a positive ROI any way you cut it.
Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will). It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration. Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.
If a rise in BTC price is necessary for miners to make ROI wouldn't it just be better to buy and hold? |
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Why not post this VBCoin under its own thread in the [ANN] section. It will bring more exposure to VBCoin and also serve to demonstrate the capabilities of the protocol.
I planned on doing that in the next week or so, when I've amassed a solid plan. As of right now this is a just an ephemeral idea, with an issued asset and some graphics; one that has been met with vehement opposition, for unknown reasons... Seems like maybe the way you went about it. Several people offered polite constructive criticism. I think the "unknown reasons" are only unknown to you. |
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You also need to run ipconfig /flushdns.
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It seems that if the shares are somehow moved to Bitfunder unless you have > 250 you will be unable to transfer them into direct shares so in Bitfunder they would have to stay (unless you sell them). If they become direct shares owners would then have the option of transferring them to bitfunder through the normal method or leaving them in direct or even auctioning them on the forum. It seems that Burnside converting them to direct shares is the simplest, cleanest method and provides the greatest flexibility for his users. I am sure Burnside is taking all of this into account.
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I think the altcoins will eventually serve a purpose. Especially the non SHA256 ones.
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