Increasing security?!?!? are you that ignorant? A single entity could easily put in an order for all the new hashrate coming online and because all the ASIC suppliers dont give 2 shits about the health of BTC, of course they would sell to that entity. So, its just more opportunity for a agency / government to swoop in and build up over 50% network hashrate then easily attack it, undermining bitcoin.
It can happen at any fucking diff....
A single entity owning a lot of the total hashrate isn't necessarily a bad thing. Don't get me wrong. I am pro decentralization, but why would a single entity invest millions of dollars into something just to be a bad player and to make everyone lose faith which would result in a total loss for the entity. An agency / government can still do it no matter how centralized is the network. A 100M$ operation is still feasible for some agencies / governments so we can decentralize the shit out of the hashing power because there are some entities with endless cash reserves which can cause some troubles if they really want it. Having 3 USB sticks plugged in will not stop them while a bigger hashrate can make it really hard for them to cause havoc. |
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Keep pushing and I will take the hour to find your real name from when you were a tech schmuck at HF and then I will look for where I saw that you worked now.
What a waste of a great public education. I am pissed off that my tax dollars I paid in CA paid for you to obviously, not learn an ounce of class in four years.
You have been warned. Govern yourself accordingly. Would you be able to find out if he received any money from HF for shilling so hard for them? |
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Im pissed & very confused lol!
I cant wait till sub $100 btc prices so all these megamines fucking go out of business.
I don't get you. You are pissed because the Bitcoin network is increasing its security at the cost of your profitability. But with no security your profitability would be 0 or negative. |
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It looks like I need to switch too. Sorry philipma1957 for the trouble.
From -2.26 to -2.50 to +13.01 to +13.50
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Hey dreamers, is it dead? Too high inflation? Too much greed, scams, bullshit, hardfork Gavin-bloat? Nobody buying bitcoin above 160$. The only pressure is sellpressure. So you clowns tell me now:
And if it's dead. Why?
Why would i buy bitcoin for 200 - something bucks when i can have Litecoin maybe later for 40 cents?
It's dead already: http://bitcoinobituaries.com/You are a retard! |
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Hello All.
This is the Miner Edge LLC official Bitcointalk user. Welcome to the forums. Very beautiful and clean design and good idea with the upgradable parts! |
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Each password with any given seed will generate a completely new master public and private keys. Think of it as a completely new tree.
Now I'm a bit confused. I don't get it how master seed+password work. Can I recover coins with master seed if I forget the password? No. If you use a password and forget it the coins are lost forever. What if I disable the password and have only one PIN? If I forget the PIN can I recover the coins only with the master seed? |
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-side note Roadstress: After reading too many pages of 'SCAM SCAM SCAM PONZI SCAM PONZI SCAM SCAM' perhaps I over reacted earlier with a few comments..
(My apologies, it wasn't personal).
Well apologies accepted. But I never said scam or ponzi. I actually said that this is not a ponzi in reply to Icetard scammer. I got used with the constant bashing here so no worries. Also I see that you, like some AM ex-shareholders, are still afraid to spell out some numbers because reality is a bitch. If you were at the helm of this ship, what do you think would be the best route today? If FC holds the wallets there is nothing much to do except to try to find some funding somehow, but I think that this is the worst tine in bitcoin mining to seek something like this. I don't see any other solution right now. An exit would be to sell the design and to distribute the money to shareholders. |
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Are you aware of the costs needed to deploy miners from chip to full working units?
Yes. - Current industry. What about some numbers? How much do you think it would cost AM to deploy 10Ph/s considering that they have only the chips. My estimates are at ~3M$. Show me yours. Are you aware of the current profitability considering the market conditions?
Yes. - I started mining with FPGAs... Do you know what that acronym even means? See above. Market conditions? Oh, you mean Bitfury, SP, Bitmain... (Quality competitors) Or hashrate/difficulty? (Currently at 329,448,950 GH/s & Diff Approx 46,717,549,600). Or How cheap can I steal my electricity? You got me there, I can't... But I doubt other legitimate mines do either.. and they remain competitive. I was referring at the hashrate/difficulty conditions. The other legitimate mines get a cheaper power price than AM can get plus the fact that since they already have their mines deployed it means that they already covered part or all of their investment while AM would be far behind if they deploy now. Are you aware of how much money AM currently has? Or how much did they have before FC vanished?
No, and Neither do you. I'm sure you read the same financials that everyone has. So please.. Contribute positively, or Shut the FUCK up... ( "Go eat a bag of dicks", or whatever it is you kids say these days.)  Let me rephrase my question. Do you think that AM has the money to deploy more than 1PH/s of miners? How much do you estimate that they can deploy right now? From the lack of dividends and the lack of the Q4 financial report and what Jutarul said in the past days AND considering that they didn't afford to pay for their offices I think that AM has less than 500k$ liquidity. I have shown on what I base my words. Now please show me on what are you basing your thinking that AM has money to deploy lots of miners for solo mining. |
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Uh huh.. Rather than call 'nonsense' try critical thinking:
Asicminer needs to either close up shop now, or use their resources.. they've apparently chosen the latter. Whether divs will ever again be paid to the holdrrs isnt what I asked.
They have enough BE200 chips left of the 60PH or a few thousand devices. They should put them to use and save the company...the chips are still competitive for a manufacturer to use... either that or give them away and close the doors.
Calling exit scam on Friedcat doesnt make sense... neither does letting the 45nm maskmsit gathering dust. ...and Ponzi on AM shareholders isnt possible either.... You cant just get an account at TMSC by knocking on the door...you have to pass scrutiny and have a real world presence.
Yes AMHash is fucked, but AM as a company could still be worth a few $ to someone who wants to enter the bitcoin space in china or elsewhere... They really dont have that many liabilities on the books. And a competitive chip Design ready to roll.
I suggest you to try to think before you speak/write anything. Are you aware of the costs needed to deploy miners from chip to full working units? Are you aware of the current profitability considering the market conditions? Are you aware of the costs and the work needed to setup a DC to have the miners running? Are you aware of how much money AM currently has? Or how much did they have before FC vanished? |
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I am sorry, but Gavin is talking about cloud mining. AM never did any cloud mining. So I am still waiting for you to explain where is the AM ponzi... As for those ones that purchased shares after IPO well they weren't scammed because nobody forced them to do it and AM never promised anything to them. Their only commitment was for the IPO shareholders and they have exceeded it by far. For me AM was dead or bankrupt since ~August or when the dividends stopped. The TL;DR would be that they lost at the mining game. They continued to operate for a longer time than HF did when it started to bleed money and they did it with minimal costs trying to resurrect the company somehow, which I didn't see HF doing. AM managed to get a sample chip and they successfully tested it. In comparison HF did the exact opposite thing! If AM really wanted to pull a scam they could've somehow tried to raise some pre-order money for their next gen chip since they've already confirmed the design by testing the chip. AM never took pre-order money for something that they could not deliver like HF did for 3 batches of customers! PLEASE EXPLAIN AM PONZI! It is clearly that you are lying in everything that you say. This is just another proof of your constant lies. Thank you for making it so easy for people to see that you are so full of shit! |
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IPO shareholders deserved that 6x ROI because they risked their BTC going to zero.
Please explain the ponzi scheme smart ass! |
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I was referring to the naming of some parts of minergate I don't get it. Where do you see squid in the minergate? |
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Early Ponzi scheme investors always get high returns to sucker them and new victims into putting more money into now-trusted pyramid.
Early Pirate@40 customers make with over 100% ROI. That proves nothing.
We've already gone over this. Please try to keep up with the class. Spend some time with the special ed tutor if your learning disability needs to be accommodated. Ponzi schemes require new funds to go to the ponzi company. In AM case once the IPO share were sold then the following ones that brought shares brought them from IPO shareholders, not from AM. AM made 0 money from the subsequent share sales. Is that so hard to understand? Where is the ponzi scheme since AM could operate independently of what happened with the shares? And how is that working out for them?  AM found themselves undercapitalized at a crucial moment, just like HF and Cointerra. Except that Eddie and Ravi stuck around to face the music and deal with the fallout, while FC took the money and ran for the hills of Chiang Rai. Maybe AM should have offered pre-orders, so it would have had enough BTC to put in an order for wafers (and hire an intern to do share transfers, tech support, and customer service). AM got 6xROI to IPO shareholders, managed to get 30% of solo mining at one point, had 2 successful generation of miners + 1 additional generation that failed and delivered tens of thousands of miners. What did HF managed to do with 50M$? Deliver one batch of miners and leave 3 batches of customers empty handed! Go join scammer Inaba and eat a bowl of dicks please. |
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But it doesn't matter, because jimmothy and roadstress would sooner eat broken glass than admit AM is now more of a scam than HF ever was.
They are committed to an eternal denial period, and will make up stupid excuses like 'well you didn't buy those shares/Tubes/Prizmas *DIRECTLY* from AM so that doesn't count' to rationalize their blind faith.
I never stated this so again you are lying! Calling AM a scam is simply retarded. When IPO shareholders got their 100% ROI then the scam is out of the question. AM never offered pre-orders for false promises like HashFail did!
What about HF customers from batch 2, 3 and 4? They got nothing at all from your shit company.BTW HF did ship their gen one. Icedrill, Liquidbits, and Batch One eventually got hardware or refunds. Some upgrades and Batch 2 were shipped as well. Plus they sold chips to PepperMining and a couple of others. AM was in business for more than 2 years while HF was in business for what? 6 months? 10 months? What about we compare the number of total customers from the 2 companies? What about the number of satisfied/unsatisfied customers? AM wins by far in front of HF. go eat shit scammer! |
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I know of at least two AM shareholders whose requests for share transfers have been blown off for months, since before FC took the money and ran: my own and the MiningCo ETF's.
Unless they were IPO shareholders then they brought the shares from someone else, not from FC. Are you really that dumb? |
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I don't think theymos is going to give any explanation regarding the rejection. A thread was opened shortly after the bid was rejected asking about the rejection and he never responded in the thread. It seems that I was aware of the thread, but I forgot about it. I think that the forum should be aware if no mixers are allowed to advertise or if it's an issue with that specific one which is totally understandable. |
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