The funds are just as much if not more of a joke. MPIF is less of an investment fund and more like mirceas gambling fund.

The only real benefit of the fund is that they will be betting on bitbet.us which, as a result of owning the site, they determine the outcome to their stacked bets (find some house created bets if you don't believe they are unfairly worded or stacked.)

It's also strange that TAT is involved considering he was partially responsible for one of the biggest bitcoin scams yet (neobee)


Havelock and mpex are both only ~2 years old which is not nearly long enough to establish trust/competence for either. Neither have been independently audited and neither are properly registered with a securities agency.

However I would have to disagree with the idea that mircea is earning his btc in an honest way. The biggest source of revenue for mpex was the option trading bot which was very efficient at ripping off noobs who are bad at gambling and the second biggest source (now the biggest) is the referral scheme. You pay 30BTC and get back 10 btc per refferal (5btc to referrer and 5btc to referred). Just like your affiliate link this gives people the motivation to perpetuate the scam.


Well there's this "S.MPIF liquidity. Obviously as a freely traded asset, S.MPIF may trade for values other than its calculated NAV. ThickAsThievesiii has a 50 BTC piggy bank on MPEx which he can’t withdraw, but will use to try and extract a profit out of providing liquidity" and "IV. As far as equity is concerned, I intend to slowly sell the remainder 40% of non-controlling S.MPOE interest that I currently own"

If you watch the order book for a while you will notice that it looks like very few people if any are trading and it mostly consists of a moving wall (most likely a bot) of ~10 bids/asks. It looks so unnatural is is a joke. I can't prove that all of the trading on mpex is fake but I'm pretty sure the majority of it is. Look at the volume of every other stock and compare it to s.mpoe. How do you explain the fact that s.mpoe ALWAYS has ~20,000 btc trading volume each month and every other stock/fund/future combined has ~10btc/month?

How can you explain the fact that s.mpoe share price never falls despite the lack of revenue? My theory is that mircea is trading with himself to keep the volume and share price high. He would have an incentive to do so because he owns 75% of the shares and 80% of mpex revenue is from recruiting new people to pay the 30btc fee. (last 3 months mpoe had 460btc profit total, 360 btc from new account fees alone)


I agree. They do have some value but not much.

S.nsa is an incompetent hardware manufacturer (Not even a prototype after a year?) and s.mg looks like a joke. You would think that with ~$5,000,000 in funding the game would look better than runescape classic.

Bitbet.us is somehow valued at 5000 btc even though they earned a staggering 200btc in the past 1.5 years, 75btc of which came from stealing late bets which were not confirmed before the bet was closed (which is illegal however you look at it). If bitbet was listed on any other exchange I'd guess it would be valued at ~500-1000btc.

S.mpoe is the worst of them all. Nearly no sources of revenue other than new accounts and the fees that mircea generates when he trades with himself (doesn't matter to him because he gets back 75% anyways)

So you're really only here to make money by advertising your affiliate links correct?

What exactly are the rumors?

Are you referring to the conference AM is holding to discuss the age of the exahash? (6-9 months from now)

I'd say it's most likely legit considering it was forwarded by zhaodong.




Are you joking?

How do you figure gen3 is dead? BTCgarden can't even keep up with demand and hashratio is adding more PH every week.

I'd love to know which chips are capable of 0.3w/gh at the wall since AM immersion cooled chips can do 0.6w/gh at the wall.

I also doubt chips are still being sold for more than $0.3/gh. If spongebobtech is correct then they are being sold for $0.2/gh.

Is there any chip manufacturer that is selling for less than $0.3/gh? or $0.85/gh for completed miners?

Serious questions for the OP

1. Why would anyone want to trade on a sketchy website run by a romanian egomaniac who only cares about increasing his own massive stash of btc?

2. Why would anyone want to trade on an exchange which is openly manipulated by the exchange owner?

3. Why would anyone want to use an exchange which makes most of its money from recruiting new members? (see referral scheme)

4. Why would anyone want to trade "synthetic stocks" which are essentially open ponzi schemes?

5. Why would anyone want to trade any of the stocks gambling instruments on mpex? I'd honestly like to know which one you (or anyone who uses mpex) think has value.

There is a reason you don't see mpex mentioned here. For one it is an extremely complicated and well designed scam. The other reason is that there is literally zero value on any stock/instrument offered on the site.

There is no value created on mpex, only gambling and stealing money from noobs. (could be wrong if s.nsa finally made those useless hardware gpg things by now)

The only reason anyone might want to use mpex is because you know that the stocks will never go down in value as long as mircea is manipulating them how he wants.

Google translated:


Can we get a better English translation?

What exactly is a "salon"? FC is not going to become a hair stylist is he?

This company might be legit but their pricing is borderline scammy. Have they forgot to update the prices since january?

Also have they shipped anything besides a generic a1 clone? Like that cube miner which AM supposedly copied?

Don't tell me that a render was as far as they got before attempting to patent someone else's idea as their own.

Really?

I thought with the most recent news we were finally done with preorders?

Just give it up. This sad excuse for a forum sale really should have never been approved by sptech.

Please let the kind people of this "group buy" spend their hard earned money on something that won't take who knows how long to deliver who knows what.

Spondoolies will be selling sp30 from stock probably no later than September so if you really want one just wait. No need to send your nonrefundable money months in advance.

Not sure what the clock freq should be at 0.6v. Maybe try ~500MHz?

Nice review.

Have you tested it undervolted to 0.6V?

Wondering if it can go anywhere near 0.5w/gh at the wall like BA claims.

I'm also curious to know how he managed such extreme OC. (Maybe ignoring HW errors?)

I tried 330mhz but HW errors brought the hashrate down to ~280ghs. 320mhz seems to be the sweet spot for my machine giving me an additional 5-10gh without additional HW errors. (only tested 310,320,330).

Nice find. Looks like it's the same manufacturer for the x3 psus: http://m.alibaba.com/product/1936290059/Hot_selling_1430W_dual_output_5V.html

No surprise BA would charge twice what the manufacturer is asking.

How exactly do you overclock these?

I am guessing it's not "chip_select_delay" from the webui?

It's funny how lophie (who had a large amount of shares iirc) only comes to post negative things in this thread after a massive dump.

Anyone who expects the price to fall to $15/share is an idiot considering as of the last financial update (2 months ago) each share had ~$25 in assets.


Yes because you totally didn't try to manipulate the market a week ago..

Is this the surprise?

They are late and underperforming but at least you can use android on your miner which everyone wanted right?

Heres my idea for the x10:

-10TH (has to be way more than people are comfortable buying)
- 10 custom made psus (more expensive = better)
- 4 10,000 rpm fans (faster + louder = better)
- Dual 10" super amoled touch screens
- Windows 7 nokia OS (less useful = better)
- 5 speaker surround sound system (with bass)
- electric motor + 5 wheels
- built in minifridge and toaster

Seriously what a joke.

Source?

Where is everything that indicates AM is selling at a loss?

The average difficulty for the past 3 months was 14% instead of 15% so I guess you were right.

Why didn't you just say his estimations were off by 1% instead of dismissing it as "simply unreal"?


Hope that helps.


It was after specs and chip pricing. Just before making that prediction you said:


to which I replied
Anyways it doesn't even matter what information you had before making your prediction. My point is that to make an "accurate" prediction you need information you don't have.

Here are a few from your "group buy".




Nope it was after specs were released.

54PH sold does not mean 54PH is added to the network. It could take weeks before chips start hashing. (longer if you are xbtec)

Also 40PH is way off. Network was 80PH on june1 and is now 140PH.

Why? Did they secure 3 months worth of components for the sp10s?


I think you are underestimating the production capacity of PSU manufacturers.


Must I find all the absurd predictions you have made?

I remember "I predict the whole miner/system (AM) will be well over 2$/GH".

Is that the same 4-5ph hashratio was funding a few weeks ago?

Also are you sure they are only mining with 1ph?