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1  Economy / Economics / Re: What is causin Bitcoin loosing value this time? on: November 02, 2014, 06:28:31 AM
Merchants, they are selling bitcoin immediately.

I've studied Economics, supply chain, and money flow a lot.  I've also put these principles into practice most of my life.  If anyone who reads this cares about bitcoin prices going up at a faster and much more stable rate please let me explain how it needs to be done simply then with detail.

Simply put: product/manufacturer providers need to accept bitcoin

Why:  Merchants Love Bitcoin already, Newegg is even putting a lot of its total purchases to encourage the bitcoin progress (incredible), but what do these merchants have to do?  Sell the bitcoins.  This means the end of the bitcoin money flow, this is bad since it increases bitcoin supply and reduces overall demand.

How to resolve it?  Figure out why the merchants need to sell the bitcoins.  Currently they have to in order to stay in business because their suppliers, paychecks to employees, powerbills, exc all want USD, focusing on merchants is great but unless we can make A full loop with money flow, Please keep that in mind FULL LOOP.  Whenever the money has to be converted to USD the value is decreased, whenever a full loop can be made there is less selling of bitcoins and increase in bitcoin value.

So the first way to increase value: Full loop of purchases from employees getting paid bitcoin, purchasing from a merchant with bitcoin, the merchant getting supplies by paying with bitcoin (not USD), and the suppliers paying their expenses through BTC as much as possible.

Not an easy task, but with the number of merchants now accepting bitcoin, bitcoin has already come a long way.

There is at least one other aspect that increases the Bitcoin value: Investors


2  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs on: August 23, 2014, 01:38:55 AM
I ordered 2 September Batch 1s for about $10,000 total.  But I'm getting confused with batch 2 being 4.5TH when batch one was advertised as 6.0

I've emailed Spondoolies but like others I've not had any reply yet.  Anyone know what's going on?  Are the batch ones really 4.5TH and not 6TH as advertised before?  What happened to the product page of the sold out batch 1 units? 

And if they're not going to provide what was promised, how do I proceed to get a refund?
3  Bitcoin / Group buys / Re: [OPEN] Spondoolies-Tech SP30 - Specs: 6TH/s + 0.46W/GH on: August 23, 2014, 01:32:43 AM
I ordered 2 September Batch 1s for about $10,000 total.  But I'm getting confused with batch 2 being 4.5TH when batch one was advertised as 6.0

I've emailed Spondoolies but like others I've not had any reply yet.  Anyone know what's going on?  Are the batch ones really 4.5TH and not 6TH as advertised before?  What happened to the product page of the sold out batch 1 units?  

And if they're not going to provide what was promised, how do I proceed to get a refund?

The current delivery: SP30 (main thread: https://bitcointalk.org/index.php?topic=521520.6180) is at 4.5TH. They have opened orders for the next revision: SP31 (october batch) at 5.5TH.


I know what they say on the site now, but before they had the SP30s at 6TH which is what I paid for at about $5,000 each.

I'm wondering if they still plan on delivering on that and why I've not been contacted about the progress or why they took the Batch 1 down for September.
4  Bitcoin / Group buys / Re: [OPEN] Spondoolies-Tech SP30 - Specs: 6TH/s + 0.46W/GH on: August 22, 2014, 10:47:53 PM
I ordered 2 September Batch 1s for about $10,000 total.  But I'm getting confused with batch 2 being 4.5TH when batch one was advertised as 6.0

I've emailed Spondoolies but like others I've not had any reply yet.  Anyone know what's going on?  Are the batch ones really 4.5TH and not 6TH as advertised before?  What happened to the product page of the sold out batch 1 units? 

And if they're not going to provide what was promised, how do I proceed to get a refund?
5  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: February 19, 2014, 08:48:30 AM
Yeah I have the same problem
According to previous results I should be getting about 5 times more than I just did.
6  Other / CPU/GPU Bitcoin mining hardware / Re: Cointerra actually shipping? on: February 05, 2014, 09:23:55 PM
early January batch???
LOL
you'll get your in 2-3 months.
to early for you to panic
;-)

I am not satisfied with 'in 2-3 months'!!

Early January means EARY JANUARY, not in 2-3 months.

do your homework next time before ordering any hardware

Yours too.  Just because another company is dishonest/incapable, it doesn't excuse future business tactics or performances.
7  Bitcoin / Hardware / Re: CoinTerra Update: Engineering and Production status on: January 27, 2014, 11:47:54 AM
http://cointerra.com/update-engineering-production-status/

DATELINE 1/24/2014

Today we wanted to communicate our plans as we move from pre-production into production. As soon as the FCC/CE/UL certification process is completed we will be able to commence shipping the very first production TerraMiners and incrementally ramp up to volume capacity over the coming days.

On the hardware front, we have implemented circuit board modifications which have improved the efficiency of the power conversion circuitry from the time of our initial board bringup and we have revised the firmware on the BeagleBone Black controller card to take advantage of this.

Having achieved a good level of stability and based on feedback from our customers, we have decided to push the button to release our first production TerraMiners IV’s.

Our production lines are assembling units and we have submitted for certification simultaneously. The production units that we have assembled and tested so far are running at between 1.63TH/s and 1.72TH/s with power draw at the wall between 1900W and 2100W – typically 20% higher than our anticipated target of 1650W but still sufficient to operate in a typical US home (110V) plugged into two outlets on separate 15A circuits, or in a typical European home (230V) on a single circuit.

The first-batch of TerraMiner IV units shipping to customers

Is easily the most powerful high-performance Bitcoin miner available today. It smashes the 1TH/s barrier by a huge margin
Is the lowest cost per gigahash of any Bitcoin mining rig on the market
Achieves the highest density of Bitcoin hashing power in its compact 4U enclosure
We will continue tweaking the firmware and any updates will be posted to the CoinTerra website.

Additionally, we have begun a board redesign which will enter production when fully tested and approved. It is anticipated that the board revision will offer further hardware optimizations and power efficiencies and based on the initial simulations it will permit us to hit our initial performance target of 2TH/s.

We expect to post the next update as soon as we’ve received certification early next week and begin delivery.

How are the buyers compensated for the approx 15% loss in hash rate?
8  Bitcoin / Hardware / Re: CoinTerra Engineering Update: TerraMiner IV Hashing Live on: January 16, 2014, 01:48:27 AM
I can make it work with 1.62 TH but it would be good to know when the 20% refund is coming... there is one right?
9  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs. Paypal - and PayPal is getting sued. on: January 08, 2014, 04:57:07 AM
Paypal has given me a lot of grief when it comes to bitcoin related sales.  They made false claims about my account, held my funds for no valid reason, and when I submitted the documentation and waited (3 months later) still they apparently failed to review my documents.

I have evidence that Paypal has ignored my submissions.

After being on hold for about an hour and discussing the situation and trying to resolve the issue, they got upset and "bitchcoins" came up, I said "I'm sorry?" and then the guy goes off on another subject.
10  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: December 03, 2013, 10:43:24 PM
Whats your point?

Whats your problem?

My point is many delusional CT customers are still clinging to their obsolete "mid December" fantasy.

My problem is you ignoring the plain language of Cointerra's own press release, and insisting they promised late Dec when they actually said "mid."


i think you're getting confused.  its a different asic company that has a mid-december fantasy...

See the ^above^ quote?  That's where you were wrong about me being confused, when in fact I knew exactly what I was talking about.

I tried to educate you on the history of Cointerra's promises, but instead of graciously accepting your mistake you chose to bloviate and dissemble.

The only mistake I can see is yours, for assuming on what was meant about you being confused.  You can be confused, man up and accept the possibility.  I think you're definitely confused on multiple levels at this point Smiley  not necesarially on the statement from Cointerra, (which may or may not be the reason why you were considered confused in the first place).
11  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: December 03, 2013, 10:39:42 PM
i think you're getting confused.  its a different asic company that has a mid-december fantasy...  cointerra's fantasy is late december..!

http://lmgtfy.com/?q=mid-december+cointerra

----------------------------------->

Quote
http://www.wireservice.co/2013/09/cointerra-demonstrates-working-fpga-releases-additional-asic-chip-details/

Scheduled to ship the first mining rigs in mid-December, CoinTerra®‎ showed that their project is on target by announcing tapeout scheduled for the first week of October and chip delivery by early December. The video notes that significant payments were made to Global Foundries to secure these dates.

Next time you indulge the lazy temptation to assume I'm confused, first check your own facts.   Wink

Wink the fact is, is that late December can be clinged onto, and could be a fantasy, therefor doesn't exclude his statement, and could include you being confused.  Or he could be inferring you're confused because of another reason... but whether you're confused or not, I don't think is the point... but we can start a new thread about it Cheesy
12  Bitcoin / Hardware / Re: Official Thread: Advanced Mining Technology (AMT) on: December 02, 2013, 06:21:43 PM
well I was thinking of purchasing until I came to this thread.
13  Bitcoin / Group buys / Re: [Open] 1.8 [btc] = 30GH/s with lifetime hosting on: October 09, 2013, 05:57:40 PM
Would be good if you add a google docs, detailing how many shares are there, how many sold, how many available. All that and any updated price in the first post and thread name. People WILL judge a book by its cover.

ty I'll look into updating Cheesy
14  Bitcoin / Group buys / Re: [Open] 1.8 [btc] = 30GH/s with LIFETIME hosting on: October 09, 2013, 03:42:33 PM


Thank you for the verification DZ.



Here's an update on the information:

Certificate Granting Rights to Lifetime Hosting with us. - 30 GH/s

This is for 30 GH/s hosted with us.  The certificate delivers within 10 days after purchase and receiving needed information we will ask for once purchase is complete.

The certificate will grant you the following:
A code by which you can change your bitcoin wallet address
Customer support
Hosting that covers electricity, maintenance/repairs, and air conditioning for the device at only 20 cents per GH/s per month fee.
Mining starting in January
Lifetime Hosting - we offer lifetime hosting, we keep our machines in top condition, and expect them to last 5+ years.
-    -    -

Maintenance/Hosting: We provide maintenance which includes fan and power supply replacements, air conditioning, electricity, fans and IT support.  Maintenance costs are covered in the hosting fees.  Hosting fees is 20 cents per GH/s per month.  As an example, if you purchased our 30GH/s and it earns 1.25 bitcoins and the value of the bitcoin is at $220 at that time, we would provide you with 1.22 bitcoins (charging .03 bitcoins).  Hosting fee may change proportional to at the rate of the USD value.

Lifetime Guarantee: we guarantee you the right to have lifetime hosting.  If the devices power supply or fans dies, we will replace them, however if the Processor ever dies we do not replace those and the certificate does not extend past that.  Also if desired any buyer may terminate the service.  Life expectancy is 5+ years.

Required Information:  I will need the following information (which will be requested once payment clears):  Email, bitcoin address, and name.  I use this information solely for the purpose of processing the order in a polite and courteous manner.

Forum: Forum support and community will be provided after purchase is made and will enable you to communicate with other buyers and myself.  Forum support should be done in a courteous manner and considerate of others and their viewpoints.  Overall we currently have a upbeat, team oriented group of buyers that are willing to help.

Payments and Payouts:

Payouts:  A test payment to your bitcoin wallet will be made before the first payout.  Test payments will be in November or December and first payment begins in January.  To change your bitcoin wallet address we will need your code provided on the certificate we deliver, if not available a difficult verification process may be required.

Payment:  Payment must be cleared before the certificate is delivered.  If there is any trouble with payments please contact me after the purchase and we can find a solution.  Once the certificate is delivered no refunds can be processed.

-    -    -

Check out our other listings for varying quantities

Questions:  I hope if you have any questions you decide to ask away.  I'm here to help and would love to talk about bitcoins in general or your needs.
15  Bitcoin / Group buys / Re: [Open] .8 [btc] = 15GH/s with lifetime hosting on: October 02, 2013, 09:52:57 PM
I can confirm that user Delmonger has contacted me for free vetting services.

Cheers!
DZ

Thank you DZ.
16  Economy / Services / Re: Lifetime hosting! WOW! on: October 02, 2013, 04:27:25 PM
I noticed that some leasers of GH hosting was for 1 year 2 years whatever... but www.mybitcoinminer.com offers lifetime hosting.  And the prices aren't bad!  So you're assigned a device, and if it lives for 10 years, you got hosting with it for 10 years!  BTCBTCBTCBTCBTC

beats the other promises for 1 year.  I mean, they get the machine afterward, only the really overly skeptical on difficulty would want that right?

So, you own this site, right? And let me guess, it's also a scam to steal money?

Try harder, please.

Nope and no.

Just looking to help others get ahead.
17  Economy / Services / Lifetime hosting! WOW! on: September 30, 2013, 05:31:30 PM
I noticed that some leasers of GH hosting was for 1 year 2 years whatever... but www.mybitcoinminer.com offers lifetime hosting.  And the prices aren't bad!  So you're assigned a device, and if it lives for 10 years, you got hosting with it for 10 years!  BTCBTCBTCBTCBTC

beats the other promises for 1 year.  I mean, they get the machine afterward, only the really overly skeptical on difficulty would want that right?
18  Bitcoin / Hardware / Re: KnCMiner order/shipment mess and unfairness on: September 26, 2013, 09:05:36 PM
It is still not fair when 2000 fund the development of something when 500 lucky ones get the reward.
I didn't pay yet, so did not the majority, so hold on your breath you 500 gunshots, without us your order
number is meaningless.

I give KncMiner 6 days to let me know my order shipment estimated delivery date

I don't get the unfairness part.

You could have reserved your place in april. The reservation list was open for a week.

You can order now and probably be in the first 500 anyway.

p.s. And I'm definitely in the wrong timezone.


I registered in April on the site and for the newsletter, there was no word I should've taken the queue.
Now they need to deal with their incompetence somehow, it's no good when thousands of suckers make 500 random dudes rich.

Remember, without us your 500 spots are nothing

You do know the 500 are also paying customers right?

That's one way of going further - they do it like Avalon and only take money for the number of devices they gonna ship.
Then do the next batch. I'm sure for the next batch the price will be lower because of the competition.
I'm not paying till they clarify my shipment date.

So at the end of it, you're saying it's unfair that you didn't get into the first 500 orders?

What happens if you order now and get #501?

And why do you keep mentioning 2000 to fund the development and 500 lucky ones getting the rewards? According to the order page, all products will be delivered in september.

1) They didn't make it clear that we needed to order Mars and have the queue number
2) They didn't say we will need to pay the whole price
3) They use the money of the majority to place abig order and lower the cost
4) The rewards go to the first 500
5) I even don't know my estimated delivery date - they don't reply to my emails

6) and they probably didn't think of how much you would complain... c'mon man people complain about things that have nothing wrong with them too, it gets old fast.
19  Bitcoin / Hardware / Re: KnCMiner order/shipment mess and unfairness on: September 26, 2013, 09:03:43 PM
It is still not fair when 2000 fund the development of something when 500 lucky ones get the reward.
I didn't pay yet, so did not the majority, so hold on your breath you 500 gunshots, without us your order
number is meaningless.

I give KncMiner 6 days to let me know my order shipment estimated delivery date

you give KncMiner 6 days to let you know, or .... .... .... .... why not just ask nicely?
20  Bitcoin / Group buys / Re: [Open] .8 [btc] = 15GH/s with lifetime hosting on: September 19, 2013, 10:45:11 PM
Hi Delmonger,

I'm definitely not trying to steal your thunder or sales here; I currently don't have any open shares available for sale in a GB, at the moment & I help out new GBCs and Miner Hosts mostly for free. I'm closing out a 2nd GB in a month but I don't have any shares available, right now.

I'm sorry if this is elementary, but you're going to have a really, really hard time trying to make sales here as a non-vetted newcomer. If you're serious about Group Buys, you really need to get vetted by a trusted GBC or Escrow Agent here such as John K, SebastianJu, Dabs, or even myself. I vet new GBCs and Miner Hosts for free, with the hope of doing future business with these gents as well as to offload some of John K.'s workload across the whole spectrum of BTC economic transactions.

The last gent I vetted, it only took 90 min. from my initial post in the new GBCs thread to completion of his free vetting process. The process goes like this: https://bitcointalk.org/index.php?topic=297037.msg3187149#msg3187149

Feel free to ignore my free advice but I'm just trying to help. [BTW, if you'd like: I can help you by providing access to 3rd party Escrow Protection via BTCrow, as a Trusted Escrow Affiliate, for anyone that wants escrow protection in a GB; even if the GB wasn't originally set up for Escrow. Fees are 2%, comparable to John's fees (but likely much, much quicker as the GB forum is my niche). This helps with trust issues for new GBCs because a 3rd party - BTCrow - holds funds and does Dispute Resolution (up to 120 days post-sale, negotiable term).

Cheers!
DZ

Let me know how to get started and I'll get right into it.
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