Two weeks or so continues.
Tuesday, October 15, 2013 Shipping Update
Jalapenos 4.5 and 5 gh/s: March 15, 2013 1 day
Little Singles 30 and 25 gh/s: Mar 1, 2013 1 day
Singles 60 and 50 gh/s: Mar. 16, 2013 pay date 2 days
MiniRigs: Mar. 25 (1st 500 gh/s) and All June 2012-Feb 2013 MiniRig orders complete.
Josh you don't have a prayer to clear April for 6 to 8 weeks
that's "2 weeks or so" right monkey boy??
Jody lies on her blog. I have MiniRig order from March 2, and it have not shipped yet. Precisely, I have a March 10th order that has not shipped yet, and shows no change in status from "processing". Lies, Lies and more LIES !!! |
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Thank you Unnaceptable, that is very good news.
Again, the situation was not ideal, thanks to Yifu (the flake), but hopefully we will get the miners very soon.
I would have rather started mining at 80 mil difficulty, but at this point, I'll take what I can get.
Thank you for the update. I'm sure Steamboat is very busy.
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The lesson here is perhaps not to preorder anymore?
Absolutely. Mining hardware is like fish, fine when it's fresh but you don't want to know about it after a few months.  Now that's some funny stuff right there. Right on the money. |
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I've been watching the cost of mining hardware on E-bay, just for fun. BFL Little Singles (30 GH/s) are down from about 1100-ish to 900 -ish. (original retail $649) Biggest drop seems to be the Singles (60 GH/s units), list price at $2499, in hand units are not even going for current retail price. As for ASICMiner stuff, blades use to go for $3000-ish, now down to $300-ish. Bitfury starter kits at about $1100ish. Block erupter USBs for $17 bucks and change. I'm predicting a HUGE drop in mining gear prices, once people realize that it's not worth it to buy anything at 250 million difficulty, and climbing. The bus has left the building. Unless you have half a terahash mining tomorrow morning or right now, you ain't making squat. Of course, some people do not really care, and they are securing the network, making a little on the side. Nothing wrong with that either.  The network self-regulates itself. It's a beautiful thing. |
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any idea how screwed I am with 128 chips? Looking at mining calculators looks like I'll only make $700 in a year, am I way off or is the calculator flawed? http://mining.thegenesisblock.com/a/e41625025cI doubt the percentage will remain 100%+ per month, but im new to this, any updated predictions guys? It won't make you a single dollar. The miners makes bitcoins! Its an important difference.. that some people seems to neglect. If you believe the coins will go up, invest in coins. If you belive you can buy mining hardware for less than cost of coins, buy mining hardware. It seems according you your calculation, if you remove extra fees and the 2% silly mining pool fee, will make a total of 7.44 btc, not including power costs. The value of those coins, are worth as much as they are worth when you sell them and only then. From the looks of the calculation, your last month of mining will be in the month of January, if difficulty by then hits 1361MM you will only make 0.5BTC, which should be similiar to your electricity cost pending on the value btc/usd at that time. Then again, if the difficulty increase slows off which some people dont think it will, you might make more, maybe 10BTC until then or that it happends later that hardware becomes obsolete. Or , that you are able to sell it on ebay for a lot more than buyers are willing to pay for it here while you have already mined with it for a while. On ebay, dont show TGB link, only show this link http://www.bitcoinx.com/profit/, which does not calculate difficulty updates.. Well said. Mining equip I buy is in BTC and my ROI calculations are in BTC. If I'm not getting a return in BTC then I'm buying coins instead. The calc here is much better http://btcinvest.net/en/bitcoin-mining-profit-calculator.phpWhatever monetary denomination people do their calculation in is irrelevant, if the miners aren't hashing away. |
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Lol. I think my old Apple IIc is still sitting in my parent's garage somewhere. That puppy runs at 1.04 Mhz. A real speed demon. But, it did the job, back then. I'm sure it could still be used for word processing, as long as you had a printer to hook up to it. That was a blast from the past. |
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Upgrade your copy of BFG miner. New version is better than the old one.
That and restart.
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You might be right also. All that means is machines that have not shipped, that were ordered months ago, are not worth the money people spent on them. Now, it's not all about ROI, at least for some people. I care about securing the network also, but I'd like to make a little on the side too. Heh. |
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Wonderful timing. I just signed up for Dwolla and CampBX on the basis of being able to use them to move money in and out of Bitcoin without resorting to wire transfers or mailing paper.
You can still do an ach deposit from CampBX for 2 bucks. Not too bad. But, you're right. Pain in the behind. |
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It's backed up by the hashing power of the entire network.
So there is no actual office, person, or entity that can fuck it up, devalue it, or forge it, because they would actually need to do work in order to take it over.
You see, governments around the world are busy printing (or digitally creating), money out of thin air to pay for the promises that they have made to their people and their elites. But they have nothing to back them up with, so paper money is devaluing.
Bitcoin has been increasing in value over the last year, with some fluctuation, but it has had a net gain over 1.5 years ago. The reason Bitcoin has been increasing in value is because other money has been decreasing in value, while being backed by nothing.
But, the power of the network prevents Bitcoin from being printed, and has a predictable money creation rate (the mining rate), which traditional states do not have, because their policies vary depending on who is in power/popular every few years.
So, Bitcoin is backed up by the full power of the nodes and the hashing network, while other money is backed up by politicians and their promises. Which would you rather have?
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When the FED reports the economy continues to be bad and more money printing is necessary, the stock market goes up.
Now does that make sense? The economy is declared bad and that makes stocks rise in value? If they say the economy is improving then stock prices drop. The exact opposite of what should happen.
When that FED money pump stops - heads up because the sky is going to fall.
So then where will people who have money turn in order to try and preserve at least a portion of their wealth? My guess is gold, silver, artwork, jewels, and to some extent bitcoin.
They will not stop printing now until the US dollar collapses completely. They cannot, they are now trapped As you say, when the even hint that they might stop printing the markets and economy will contract violently, so they can't stop. But the printing is not actually making things better, most likely worse by undermining real growth and necessary structural economic adjustments. History has many examples dating back over 200 years of central monetary authorities that get into exactly the same position ... each new move will now only be more and bigger money printing programs. Plan for it as it could take 5-10 years to play out to the bitter end. YOu are right. It's just SOOO much easier to print, and not actually tackle the real problems, and goose up your friends earnings, have dinners at Citronelle in DC with the $1000 bottles of wine, than to actually do some thinking and actual work. That's what every banker wants, the easy money, where they can hang out on their yacht on the Chesapeake with the bought and paid for "ladies" and rake in the cash. Hey, actually getting miners configured right and working is actually hard work. No bankster in their right mind would actually do it. This will end very very badly. Count on it. |
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Most of the ASIC buying has already been done. Now people are waiting for delivery. Depends on what has been delivered and what will be delivered in the next 1.5-2 weeks. My guess is 250ish, and next one will be 400 mil beginning of November. |
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Total bull.
TPTB are playing hardball, Chicago style.
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So far, this is apparently the only working version of the Klondike that's actually working.
Of course, there is always tweaking to be done, but I've always known that Steamboat will come through.
As for why would anybody in their right mind would want these miners, the answer is quite easy.
They're already paid for, and are more likely to be in my hand than any other miner anytime soon, short of buying BFL or other crap on E-bay. I want to see them hashing, end of story. I don't give a rat's behind about ROI, or difficulty rate, or anything else. Once I see that hashrate working and going up, anything else is irrelevant. It's a drug, I admit it.
There is so much late shipping stuff or soon (tm) crap out there, and I frankly don't trust anything anymore. At least I know that Steamboat is getting his stuff together.
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I use the Anker hubs with a Jally connector from Cablez (do a user search), plugged into a PCI-E connector. Seems overkill, but I have no problem with it, and it will provide power for 10 block erupters easily. No need to worry about some crap powerbrick not providing enough power for you. You can run multiple hubs off a PCI-E connector with splitters.
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Just don't mine for profit, mine to protect the network. Problem solved.
If there were huge profits in mining, hardware companies would just mine themselves.
+1 I treat it is a hobby, and it's fun to get something back from the hobby. Another way to think of it is like an annuity that you CONTROL. Instead of dumping $1000 in the bank, and have them pay me an insulting 0.05% interest rate, and having them use my money to goose up Wall St, I'd rather buy something real that I control, and pay myself some interest money. Then when I'm done with it, I still have the graphics card/miner and the enjoyment of it. I could put it up on E-bay, keep it, use it, do whatever I want with it. It's under my control, not somebody elses. ROI is a relative term. Returns are what you make them out to be, not what somebody else tells you they should be. To each their own whatever. |
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I run a pair of 7950 in a big tower case, and it's difficult enough to cool (Fractal Design Define XL with several 140mm and 120mm fans). Keeps the bottom half of the house warm, though. Exactly. There is no way you will dissipate the heat from multiple Monarch cards inside a closed case, and even running them on risers, multiple 350W cards will put out a LOT of heat. I would guess any multiple PCI-E motherboard that has been tested by people on these forums would work quite well. Check the forums. ***edit**** They now have a 300 GH/s card on their website available for preorder  , with a 175 W rating. That actually sounds a bit more reasonable, assuming it ever ships. |
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What a load of crap. Avalon states that open source designs were never really completed, but at lot of them got delayed because Avalon didn't ship the chips on time, so people lost interest. Duh ! Oh and, despite the fiasco, the open source designs were/are ready, just delayed. Amazing cause and effect, delay shipping the chips, and the designs get delayed. Who would have thought of that ? |
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