So if butterfly labs does come with an asic and the difficulty gets 100x as high, diablo mining is out of the market until another company comes with an asic?
SPOT ON! either you fall in love with BFL or you're out of Business. See my previous response, 28nm FPGAs will take the wind out of BFL if they aren't careful. |
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Your shareholders will be thrilled once again.
BTW, abusing your moderator status to sticky posts like these and other anti BFL trolling is just shameful.
This plan was discussed with some of my largest shareholders. They agree. Also, this post is not stickied. |
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So if butterfly labs does come with an asic and the difficulty gets 100x as high, diablo mining is out of the market until another company comes with an asic?
Not at all. Butterfly Labs has yet to prove their BitForce SC products exist and are what they claim they are. Also, using Virtex 7 XC7V2000Ts over Spartan 6s could lead to a 23x increase of performance per chip, which really takes the wind out of BFL's ASICs. 28nm FPGAs may make it to the Bitcoin market before SCs ship in October 2013. |
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A lot of people are questioning Butterfly Labs' commitment to the Bitcoin community, and a lot of people are even coming right out and calling it a scam or a long con or the end of Bitcoin. I cannot help but agree with these people. Without a second vendor producing hardware just as efficient and cheap as Butterfly Labs claims their new Bitforce SC hardware is, I do not believe Butterfly Labs is being completely honest with potential customers. Because of how Butterfly Labs has handled customer relations, Diablo Mining Company will never purchase Butterfly Labs hardware. We will pursue high-efficiency FPGA and ASIC hardware from alternate vendors only. Diablo Mining Company will be the largest Bitcoin startup in the world, and we will do it without the help of Butterfly Labs. Diablo Mining Company main thread: https://bitcointalk.org/index.php?topic=77469.0Diablo Mining Company on the Global Bitcoin Stock Exchange (GLBSE): https://glbse.com/asset/view/DMC |
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A lot of people are questioning Butterfly Labs' commitment to the Bitcoin community, and a lot of people are even coming right out and calling it a scam or a long con or the end of Bitcoin.
I cannot help but agree with these people.
Without a second vendor producing hardware just as efficient and cheap as Butterfly Labs claims their new Bitforce SC hardware is, I do not believe Butterfly Labs is being completely honest with potential customers.
Because of how Butterfly Labs has handled customer relations, Diablo Mining Company will never purchase Butterfly Labs hardware. We will pursue high-efficiency FPGA and ASIC hardware from alternate vendors only.
Diablo Mining Company will be the largest Bitcoin startup in the world, and we will do it without the help of Butterfly Labs.
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What if he continued to raise the same, already answered, question.. Like a skipping record during a gymnastics floor routine at the special olympics?
Well, I can't fire a mentally handicapped person, I'd get sued! |
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One quote of many I could have used:
"Where did you get the idea you could pay me to stop raising valid arguments and red flags in order to prevent people from needlessly losing their money?"
If I had an employee on the books and he didn't do this when he could have, I would fire him. People need to speak up when other people are potentially being stupid. |
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What I did not find is DMC's income from dividends, paid by all the turds in the portfolio.
Take what I paid total this month and double it. |
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first let me say I take anything that comes out of the *** camp w/ this much salt.
that being said, assuming they can deliver on even 20% of what they've promised, have you come up with/are thinking about anything similar to help the Enterpoint camp stay competitive?
Oh boy, here we go AGAIN... I'm sure enterpoint will stay competitive with whatever other products are released. This has been mentioned atleast three times already throughout the thread. Can we PLEASE not start this again? -.- I think this is where I finish up this train of thought by saying 28nm running a Fury-like or TML-like firmware would be about half as dollar efficient as what BFL claims, and probably just as dollar efficient as what BFL will actually deliver. And, although yohan probably doesn't want to talk about upcoming products, I believe Enterpoint is already working on a 28nm board. |
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Not buying what they are claiming or just not interested in supporting them?
I honestly don't believe they have ASICs. Its not that ASICs aren't possible, but it is going to be very expensive, very difficult, and a lead up time almost as long as Bitcoin itself has been popular (~2 years). That said, cgminer offers the DiabloMiner kernel and is basically a port of DiabloMiner to C, and it already offers FPGA support and a few GPU features that I don't intend on backporting to DiabloMiner while its still written in Java. |
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I think buying a used facility will be much cheaper than building one.
This has already been discussed. If I can find a building that suits my needs, I will acquire that instead. |
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Daiblo any thing going on with your miner and plans for the new Butterfly Labs Boxes?
Nope. |
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To all of you that purchased an ASIC miner with bitcoins, first of all thank you!
It's been a great test of our Merchant Service for bitcoin, and we are happy to report that everything has been operating smoothly.
Some of you tried to pay your invoice from an exchange or mining pool, and it took a while for that entity to actually send the transaction. if this happened to you and your invoice expired before the payment had been sent, please contact me.
If anyone is interested in buying their bitcoins back, we have quite a bit to sell.
I currently have them listed on 4 exchanges, but if you want to work a private deal for $10k or more, contact me directly.
Coins are listed on Mt. Gox, Bitfloor, CampBX, and BitStamp.
Thanks again for using the service. We have many improvements coming soon!
Ever think about investing in Diablo Mining Company, a startup that intends on bringing datacenter space and green power generation to Bitcoin; we would welcome a large investment. |
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asset growth?
I may be missing something, but didnt you sell 4066 shares at 1 BTC while your holdings are currently worth 2189 BTC at market rate (and you will never even be able to actually sell for that much)?
Yup, you're missing things. Don't worry, it happens to even the best of us. I assume you're referring to the DMC share price of ~0.5BTC adding up to about 2k? Also, this is not to single you out as many mining outfits will have to deal with this: What contingency plan do you have, if any, for being within a business-hostile environment that has granted itself the authority to seize assets as it sees fit, offering no recourse? Might it be better to have multiple smaller, independent facilities in geopolitically diverse locations? Facilities, plural, still costs money. The DC I'm looking at building (either flat out, or buying a small warehouse no one wants anymore) is going to be around 100 square feet, or room enough for a dozen racks or so. Also, its not like it wasn't business-hostile to begin with. We (me, investors, the Bitcoin community at large) all went into Bitcoin 3 years ago knowing the outside world there is business-hostile. This isn't really anything new. That said, GLBSE is panicing because Bitcoin prices are going up., thus the prices of all assets are going down. The contingency plan is to continue, well, as planned. I don't think even if the entire world tried to stop Bitcoin, it could. No matter how much Congress tries to stop entrepreneurs like me from helping local economies and paying taxes and improving the quality of life of the citizens of this country, they can never stop us. The contingency plan is me flipping Congress the bird and continuing to be more awesome than they can ever imagine. |
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I just checked the value of your bonds today:
15 GIGAMINING (5 mhash) = 15.00 BTC (75 mhash) 15
1784 YABMC (1 mhash) = 328.26 BTC (1784 mhash) 285
1053 BMMO (1 mhash) = 195.86 BTC (1053 mhash) 206
849 TYGRR.BOND-A (1 mhash) = 169.80 BTC (849 mhash) 144
994 BTCMC (5 mhash) = 755.20 BTC (4970 mhash) 746
941 OBSI.1MHS (1 mhash) = 178.79 BTC (941 mhash) 150
4 RSM (1.3 mhash) = 5.20 BTC (5 mhash) 1
450 BMF (3 mhash*) = 445.05 BTC (1350 mhash)
98 BFLS.RIG (4.15 mhash) = 68.60 BTC (407 mhash)
140 SYNERGY (1 mhash) = 27.72 BTC (140 mhash) 25
total of ~2085 BTC. Assuming market depth would actually allow you to sell them all at those prices, in reality its going to be a lot less. Add the 41 BTC you paid in dividends and so far, you have managed to lose almost exactly half your investors money while claiming to make profits.
Really, you should start buying greek debt, your profits will soar!
Yawn, if you're going to troll, try harder. |
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asset growth?
I may be missing something, but didnt you sell 4066 shares at 1 BTC while your holdings are currently worth 2189 BTC at market rate (and you will never even be able to actually sell for that much)?
Yup, you're missing things. Don't worry, it happens to even the best of us. |
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I've just seen this thread & not sure to post here or the original one, anyway I just received my first interest payment of shares purchased last month, it seems that the dividend was @ BTC0.049867 per share & not as listed on the GLBSE offering of BTC0.125 per share, I expected a two & a half times higher ROI - this is totally unacceptable & you need to urgently sort this out with GLBSE as it is blatantly misleading.
I request that you agree to buy these shares back from me at cost due to miss-selling & await your response, thanks.
BTCMC split shares 10x, and thus the dividend was also split. Nefario refuses to let Yochdog change the contract on GLBSE. |
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Happy Dividend Day! Shares sold to date: 4066 Dividends paid out today: 30.98172586 BTC Dividends per share paid out today: 0.00761970631087064 BTC Dividends paid out for all time: 41.114581505 BTC Dividends paid out for all time per share:0.013236588597456 BTC Money uninvested: 0.00 BTC Shares held total: 15 GIGAMINING (5 mhash) = 15.00 BTC (75 mhash) 1784 YABMC (1 mhash) = 328.26 BTC (1784 mhash) 1053 BMMO (1 mhash) = 195.86 BTC (1053 mhash) 849 TYGRR.BOND-A (1 mhash) = 169.80 BTC (849 mhash) 994 BTCMC (5 mhash) = 755.20 BTC (4970 mhash) 941 OBSI.1MHS (1 mhash) = 178.79 BTC (941 mhash) 4 RSM (1.3 mhash) = 5.20 BTC (5 mhash) 450 BMF (3 mhash*) = 445.05 BTC (1350 mhash) 98 BFLS.RIG (4.15 mhash) = 68.60 BTC (407 mhash) 140 SYNERGY (1 mhash) = 27.72 BTC (140 mhash) *: BMF is not a mining stock, but I'm valuing it at 3 mhash each Total investments: 2189.48 BTC Total hashing power: 11574 mhash (equivalent to 0.575 mhash/$) Approximately 2.846 mhash per share Increase in asset value: 89.9% Increase in mhash: 189.2% Increase mhash/$ efficiency: 27.7% Announcements: Last month I announced that "Bonds for DMC" would be changing to 2.5 mhash from 2.25 mhash on July 1st. However, due to the rapid growth of Diablo Mining Company's assets, we are skipping 2.5 and 2.75 mhash per share and going straight to 3.00 mhash per share. The bond trading chart is available at http://caspar.adterrasperaspera.com/dmc/trade/In addition, I am raising the IPO share price from 1.00 BTC to 1.025 BTC to reflect asset growth and protect early shareholder value. |
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...
His excuse for this was: June-1 GMT+10 log discussion:
[Private log reposted without permission removed]
Still no sign of that 'private' code he wrote more than a month ago ...
So everyone using BFL on a pool that doesn't pay stale shares is getting 5x the number of stale shares with the current code than they should (and also of course luke-jr isn't getting this 5x)
...
So WHO THE FUCK is editing my posts here where I posted IRC discussion from the PUBLIC IRC CHANNEL #cgminer on FreeNet? You better have a good reason for it. luke-jr flagged your posts saying they were "illegal log posting", but I ignored his mod request. One of the other mods must have done it. |
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