Hey guys, how about we stop all the hating and insulting in this thread already?
Ethan is a nice guy, he has been very reliable and trustworthy, and he still is. He's just doing his best dealing with the extreme circumstances beyond his control. If he wanted to rip you off or anything, he would already do so long ago. Your panicking, hating and insulting don't contribute anything positive to the situation. So please be patient and STFU, would you? KTHX
The only question that really bothers me is why indeed not sell the website to someone trustworthy living in more some of the less regulated countries? I'm sure there are enough potential buyers to choose from.
+1. Expressing hate won't do anything positive. I would be interested on how to transfer my assets though. I suppose issuers should be in contact with us. Individually making contact is not very efficient in my opinion. |
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What are your plans for transferring the shares now that BTCT.CO is going to close? What other exchange are you planning to use?
It would be nice to have an update as soon as possible.
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I would be interested in how the transfer is planned. I'm not too fussed to sell my shares. I would rather have them transferred.
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I did a lot of research on this a while back.
You can actually buy mineral oil cooling rigs online.
The problem with cooling with oil is that oil doesn't absorb heat as readily as water or the cooling liquid specifically designed for PC cooling. True but nor does it need to. You keep the heatsinks on and you have a very much bigger surface ocntact than your typical waterblock. Also, it takes a very strong pump to circulate oil through a heat exchanger -- you can't just use a pump designed for water, or if you are able to the pump will have a very short useful life. OIl is thick, so you will need to buy a much stronger pump than you would think if it were water, but if anything, it may live forever. If you submerge the pump it will be well cooled and perfectly lubricated all the time. You also dont need a high flow rate. I got very good results with a laing d5. It's not too expensive but very strong (50eur). |
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I would rather have them with ethernet much better than USB in my opinion.
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Got a mail too. 'USB DONGLES NO BATTERY', 1 piece (but how many are in the box is anyone's guess).
How do you know you're getting 20? (I bought four blades in second batch also)
It's a nice gesture but frankly I don't really want them and I'm being charged £58 import fee just to receive them, so if anyone wants them they can have whatever is in the box for £58. If no takers I'll probably just refuse delivery (sorry friedcat).
The package has 20 in the quantity field. I plan to "strengthen" our local bitcoin community with them, I might keep 10pcs though. |
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Got a mail from DHL, it seems I got 20 block erupter USBs?
if that's the case then it's a nice gesture from fried cat.
Congrats.! What had you purchased, When.? and qty of your initial purchase.? 4 blades, batch 2. |
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I really don't check this boards as often as i should. Well, today I received a big surprise. I got two brand new blades. Seems like a much more refined design. Well anyway, I will be setting these two up later that day. So i guess now we will reach a ROI, altough i don't really care.
Am I the only one around here who still believes in this whole Cryptocurrency revolution? We started with a 600€ investment in a first GPU miner and have the luxury to not worry about electricity 'cause we are running on a water turbine. At the time I made this investment back we only reinvested what we mined. So I never really had to worry about a ROI, but I guess it's nice to make a little profit once in a while.
Well anyway, thanks friedcat, this really got me by surprise. As long as our turbine is running I will keep the network supplied with our hashing power, regardless of BTC value.
+1 Friedcat is a star. other vendors should learn from them /wink /wink I'm not too fussed either about ROI (actually in terms of fiat even batch 2 blades generated profit (I mined the BTC and bought some at 50$ which I spent on blades - I know holding BTC would have been better but I secured our precious network  ). in bitcoin I'm at 90% so surely 1. batch blades broke even some time ago. |
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Got a mail from DHL, it seems I got 20 block erupter USBs?
if that's the case then it's a nice gesture from fried cat.
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I was playing with the idea of an oil tank for blades, but it is completely unnecessary.
I had the resources to create a prototype of it (actually 2), but things move so quick in the BTC world you would regret any additional expense to your mining operation.
Oil submerging is quite good though in terms of cooling, but have some downsides too:
1.) A tank filled with oil and HW is very heavy so not convenient to move if needed. (my prototype weights around 30kgs+ filled up, including pumps and all the other HW)
2.) Maintenance can be quite messy
3.) It's expensive.
4.) If a pump fails the HW can literally fry and get damaged due to no circulation.
Oil is not so expensive as you use cooking oil instead of Mineral one. If using Intel(R), overheat can be down, can be up after temperature decreases. P.S There is a more efficient method which has been using for decades, Fluoride solution by 3M. Started from military Radars to a known supercomputer then trimmed called Novec 7100. I have contacted with 3M, a key person has asked me if I am ready, the desired wattage, I said Ready, Like to cooldown 1300W being for Multi-purpose (Including bitcoin). Although the Novec solution can be more expensive than Oil Cooling, the messy cleaning is completely eliminated, no need to care about the Pump and radiators. Cooking oil is a very bad idea. It won't last long when exposed to heat not to mention the smell. Mineral oil is the only way to go. The 3M solution is even more expensive than mineral oil. |
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Check out Hungary too. Dirt cheap properties country wide. The capital has the most to offer for investors but you can always find some gems especially on the west side of the country.
Romania is a good bet too.
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I was playing with the idea of an oil tank for blades, but it is completely unnecessary.
I had the resources to create a prototype of it (actually 2), but things move so quick in the BTC world you would regret any additional expense to your mining operation.
Oil submerging is quite good though in terms of cooling, but have some downsides too:
1.) A tank filled with oil and HW is very heavy so not convenient to move if needed. (my prototype weights around 30kgs+ filled up, including pumps and all the other HW)
2.) Maintenance can be quite messy
3.) It's expensive.
4.) If a pump fails the HW can literally fry and get damaged due to no circulation.
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On the hard drugs issue:
I would feel myself safer if hard drugs would be decriminalized, the state or health care would supply them to users with up to standard quality control. Druggies would not need to go on the path of a criminal.
This would generate income and some % of that income could go on the education and public awareness of the effects of drugs.
Crazy people do crazy things, what they consume doesn't really affect their "habits".
I don't consider weed (good quality of course) as a drug, it's medicine.
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Since AsicMiner is the only real company shipping consistently and useful products (in my opinion), I'd suggest wait for the new HW to be announced. The USB miners are now dropped to .10 BTC (if you buy in bulk, or ~.12-.15 on the group buy threads). The blades are also dropped ... the newer devices should be faster/cheaper. You might not make a ton of ROI, but atleast be enough to enter the mining game.
Or the other option is to wait for these TH devices or miners from BFL :-) And see the difficulty climbing, your paid BTC/USD not getting any returns.
It doesn't make sense. Asicminer products are obsolete and overpriced. Buy BTC and wait. Check your options in 12 months and buy an ASIC only if it makes sense. If you cannot secure your order with a reputable company (which doesn't exists yet) within batch 1 you are missed the bandwagon. It's foolish to start mining now or in the next 12 months. You are already missed the 28nm technology as there are a lot of pre-orders before you. Perhaps renewable energy source is the answer.  Renewable energy source cost money, which will fuck your ROI. Also, there is no renewable energy source available which can support your 24/7 mining operation. Not to mention the fact that all of the current technologies require maintenance which can cause downtime and additional expenses.
Sooo by that calculation , if I buy 10 of knc miners 5100$ deals, thats 51000$ and I can make 200000$ by the end of the summer?
No, by the time you get your order you will be happy to mine back your investment. It was and is a lot better to buy BTC from an investing perspective. |
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I'm getting •This is not a valid Bitcoin address. Please install Bitcoin client or register some web wallet to get one. message. I didn't change anything and double checked the address as well. Also tried changing the address but it won't take it either.
anyone else having issues today?
yes, same problem. Same problem on my account. |
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Based on my experience bitcoin mining never was a definitely profitable endeavour.
Exchange rate fluctuations spoiled the fun pretty much and GPU farms quickly flooded the network.
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don't feed the troll On the linux vs win topic. I agree, it depends what you are using more (or got used to). Same with phones, I had and iphone (for a short while), and after years spent on android I find iphones utterly rubbish. |
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My ignore list aquired a new member... excellent..it grows like a tumor |
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Why would anyone use paypal, especially bitcoiners  If things go wrong you are pretty much fucked for 6 months in case of blocking your account without reasons. Not to mention their frequent errors in dispute resolution (scammer's dream came true). One of the many interesting lines from their TOS (it's worth to read through): If you do hold a Balance, that Balance represents an unsecured claim against PayPal and is not insured by the FDIC. PayPal will combine your Balance with the Balances of other Users and will invest those funds in liquid investments in accordance with State money transmitter laws.
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Asics sounded like a good idea at first, not so much now. Kinda like chasing good money after bad....
It is because you probably didn't experience the CPU to GPU transition. It wasn't really different. The GPU profitability decline was quite similar + add wilder fluctuation in price. |
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