Danny Bradbury here from Coindesk.com. I would be interested in hearing from anyone who ordered equipment from Terrahash, who failed to receive equipment or a refund. Please PM me with details including order date, amount, and when a refund was requested. Thanks.

I had a chat with the Invictus founders this morning and confirmed that there were indeed a couple of errors in the article:

1) Users don't spend BitShares to earn BitNames (they're free).
2) CPUs and GPUs don't in fact rely on branch prediction.
3) We said that  positions are closed out in a move called a 'short squeeze'. I should have said 'margin call'. And I said that if a trade doesn’t have a suitable counterparty, and it leaves a short position that can’t be covered, the miner automatically exercises a margin call. In fact, short positions can be covered when a margin call is issued, because the protocol issues the margin call before there are insufficient funds to cover it.

These have now been corrected. I also added one piece of information about the block chain to clarify that you can simply start your client once a year to avoid being charged a 5% transaction fee for having your old outputs automatically moved forward in the chain.

Thanks for your patience and I apologize for the errors.

Danny Bradbury
Coindesk

Amended, thanks for the heads-up. To address the other point, I had already made it clear that Avalon was one of the first companies to ship, not necessarily the first.

Danny

I write for Coindesk. Keep reading. There are some nuggets in there. The site is about two months old. The story cited was one of the first.

Danny

As the ASIC miners hit it will be more difficult to mine SHA-256 currencies with GPUs, but Scrypt-based currencies like Litecoin and Feathercoin are designed to be CPU and GPU friendly because they rely on memory-intensive operations. It'll be difficult to develop ASICs for those. Kevin De Angelis just created wheretomine.com to help people understand what the good mining opportunities are at the moment.

d

Thanks, have PM'd you.

I am a journalist writing for coindesk.com, and I have tried contacting BFL several times with no response. I have been watching this thread, and we are interested in putting together an article about it, particularly around their customer service and attitude on this thread. I am interested in hearing both from BFL representatives, but also from people who can provide evidence that they have logged pre-orders with the company (including dates). Please contact me, using the address danny@itjournalist.com.