261
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Bitcoin / Hardware / Re: BFL Single air flow?
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on: November 29, 2013, 07:14:33 PM
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Received my RMA Single, something has changed, lots of components are different and it runs MUCH cooler, 62C with thermal pads!! Only 55GH but definetly an improvement. Running the BFL PSU for 4 days until I move the Single to my house, boy that PSU is some nasty peice of hardware, hope it will last 4 days, doubt it.
Edit: cracked the PSU open after 10 minutes of soul scorching noise. Cooling it with another silent fan instead.
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262
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Bitcoin / Hardware / Re: BFL Product Failures / Underperformance.
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on: November 29, 2013, 07:05:48 PM
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Instead of buying a BFL Single for $1200, I bought 50 BTC. I still have them. They don't hash well, but they have made me very happy.
At some point I would put that leverage to action, and the only place to put them where they are not competing with the debt bubble is bitcoin hardware. You have 2 types of supporters of bitcoin; the miner and the investor. We both do our fair share to make this revolution a reality, keep hording them coins! Let's give those FIAT mongers a real run for their printed paper. Came up with something interesting today. Gold is physical, but bitcoin is mathematical, the purest form of science. biology -> chemistry -> physics -> math!
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264
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Bitcoin / Hardware / Re: BFL Product Failures / Underperformance.
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on: November 29, 2013, 12:57:24 PM
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A bit of both. I did purchase a Monarch, 3.6 bitcoins, compare that to the 2.6 bitcoins I payed for a USB ASIC at 330MH/s this summer! Or the 15 bitcoins I payed for my Singles!?!
It's not about getting rich, It's about making people with ties poor! We are killing FIAT. The greatest revolution in the history of mankind and you are throwing punches?! Get real, this is happening.
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265
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Bitcoin / Hardware / Re: BFL Product Failures / Underperformance.
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on: November 29, 2013, 12:26:31 PM
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I agree about the hardware, but not about the part they play in this community. They are the largest power provider to the network. And we like tinkering anyhow so the hardware issue is not a real problem. Replacing thermal pads was the most fun I had in days!
If you wan't me to give credit to someone else it's zTex, he's an incredible man!
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267
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Bitcoin / Hardware / Re: BFL Product Failures / Underperformance.
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on: November 29, 2013, 08:58:28 AM
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They make early adopters rich indirectly (by strengthening the network) and they make newcomers rich directly; Say you buy a Jalapeno today, that device should ROI pretty quickly if bitcoin price goes up. Bitcoin is deflationary by design, so BFL makes new $ customers rich by design. I'm getting "poorer" than if I spent FIAT, but not poorer than I was pre-bitcoin; I'm using my early adoption advantage to protect the network. So it's a win/win, no need for attitude either way.
I just ordered a Monarch after reading SLoks message, so his sale tactics are working and I'm paying his salary, Josh you should give him a promotion! Actually give him the money I paid for the Monarch directly or give him a Monarch with that money as a bonus, I suspect that would make him better at his daily job.
In general, if anything goes, most users on this forum today will never have to work a regular job in their life, and that's partly thanks to BFL. It would be beneficial if we all took the free time that creates to build something new, instead of wasting it on the forum.
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268
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Bitcoin / Hardware / Re: BFL Product Failures / Underperformance.
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on: November 28, 2013, 05:45:39 PM
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Geez, this pie throwing contest is really getting boring.
Facts:
- I got a 45GH single with smashed heatpipes. Getting RMA number was slow 1 week. Had to pay for delivery?! Lost 2 weeks mining without any hint of compensation. - I got a 57GH single with heatsinks instead of the advertised heatpipes required for really silent cooling.
But on the upside: BFL delivers a USB device that is compact, try the competition for that. As for W/GH I don't care until summer, need the heat anyhow.
All in all I wished they weren't assholes (yes SLok I'm talking mostly about you) and had some respect for their customers, but place yourself in their shoes; they are making their customers rich! WHICH COMPANY IN THE WORLD DOES THAT!? It's time for everyone to appreciate this.
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269
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Economy / Service Announcements / Re: [ANN] Bitfury ASIC sales in EU and Europe
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on: November 28, 2013, 10:12:29 AM
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Yes, I think you are right, ASIC technology will be very valuable and rare if the hyberbolic price continues since it's smarter to mine with it than sell it. All this talk about BTC ROI is just retarded, having a machine that generates a salary is not!
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274
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Bitcoin / Hardware / Re: BFL Single air flow?
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on: November 21, 2013, 05:35:01 PM
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Ok, an update, you need to replace the thermal pad with thermal grease... the chips are completely leveled, at least on my machine, 10 degrees difference!!! Then for silent cooling it's this side that needs it. I chooked the sideways fan so it doesn't blow on the top fans, you could try with a smaller fan that doesn't reach over the top too. Edit: definetly go for 92mm fan for the side fan.The little black thing on the right ledge is a spider that likes the miner. It lives next to it! It's not sleep quiet, but it's almost work quiet, not in the same room, but at least it keeps the neighbors from complaining. Too bad BFL "ran out" of heatpipes! EDIT: The position of the side fan is dangereous, I suspect it blows directly at the temperature sensor therefore tricking the single it is cooler than it actually is. I burned 1 chip for good and 3 more that needs cooling before booting to work! Damn BFL for not delivering heatpipes so we could cool these quietly!!!The chips are all back, seems the firmware is shutting things down if they get too hot; even across reboots!?
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276
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Economy / Economics / Re: ROI on hardware
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on: November 21, 2013, 10:38:51 AM
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Ofcourse bitcoin is a pyramid scheme
BTC price is irrelevant. O'rly, can I buy a BTC for 1$ from you? I know what you are saying, but my point is, the difference between them are rich or richer and I rather support the network and be rich than richer.
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277
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Economy / Economics / ROI on hardware
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on: November 21, 2013, 09:28:13 AM
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I just wanted to put an end to these non-ROI posts.
The concept ROI becomes harder to grasp since we are investing FIAT (inflationary) currency in devices that themselves create non-FIAT (deflationary) currency:
The bottom line is; if BTC does not increase in value you don't make ROI and othervise you do!
All investments in BTC (currency or hardware) are FIAT to non-FIAT, so to boot you always have that transition, but then later you find yourself with BTC, which you should keep if you are greedy, but that I choose to reinvest in bitcoin hardware at a future loss. Why? Because overall I have made ROI on my initial investment, and I wan't to ride the deflationary wave because I don't really have anything I want to buy. = I'm deflationary, but that's another thread.
You cannot buy love, remember!
So there is no non-ROI, because at some point we all invest FIAT, how MUCH ROI you get depends on how you invest going forward (FIAT or generated BTC) and on how well BTC does in the exchange between these. But to say some hardware won't ROI in FIAT is simply false as long as BTC is deflationary, which it is by design.
If you look at price/difficulty correlation, the price should allready be 10.000+ $/BTC.
Ofcourse bitcoin is a pyramid scheme, everything in life is. We are looking for the greater fool, but I think most FIAT fools are greater still, it's a gamble that becomes more expensive the more you wait, so get that credit card out of that wallet and join the future?
PS. Most people yelling non-ROI are actually vested in hardware and want the difficulty to stay low so they can harvest more BTC. DS.
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278
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Economy / Service Announcements / Re: [ANN] Bitfury ASIC sales in EU and Europe
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on: November 21, 2013, 08:50:06 AM
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You should tell us the upside too. So if the new chips only overheat, then that's not interesting, but if they deliver better W/GH then I would say put them up there yestarday and take my "ROI non ROI" BTC!
RnR = I have made ROI but the consequent investment will not make ROI in itself, I just wan't to help the idea of digital currency with the free ride my early adoption created.
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279
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Economy / Service Announcements / Re: [ANN] Bitfury ASIC sales in EU and Europe
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on: November 19, 2013, 09:55:07 AM
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I think they have new hardware coming up, and they know that there is some (non ROI focused) BTC chasing it since the price increase, so they probably have to scale things up a bit and make sure they test things properly so it doesn't end up like the disaster BFL&co are.
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280
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Bitcoin / Bitcoin Discussion / Re: Hearing on BTC in senate NOW
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on: November 18, 2013, 09:02:05 PM
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If they had a brain they would simply state that ALL bitcoin transactions are completely traceable. Bitcoin has nothing to do with crime, it helps the government trace everything. One day they will understand that bitcoin is direct democracy, and it can't be stopped!
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