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4401  Bitcoin / Hardware / Re: ► ► ►HashFast Endorsement on: August 13, 2013, 08:21:46 AM
the way you've tended to address me so far has not encouraged any productive communication.  there's alot in that paragraph of yours.  what is it you want me to answer?

Oh just looking for a civil discussion on any or all points brought up in that post.

Or since you have such close ties with HashFast, maybe their opinion?

You can't deny that the landscape has changed regarding pricing since they've first announced their pricing. There are a number of other companies starting to come out with their prices and estimated delivery around the same time for much less.

at least you and i can now make some progress.

the Dec 31 Refund Policy is something they had in place before i even met them.  how they arrived at it, i don't know.  i can tell you that from their perspective it's fair and they've said that they fully plan on honoring it using different options i alluded to up further in this thread.

as for taking cc's we've already gone over that and if you really disagree you should bring it up with them.

the only change in "pricing" that i'm aware of is KNC's reduction to $5000 in Nov.  imo, and mine alone, it seems a little bit of a desperate move to retain customers.  the question is, can they deliver at that price and still remain profitable?   since you were at HashFast and signed an NDA, i'm sure that you're aware that HF believes their chip has significant performance efficiency advantages over KNC's as well as lower production costs.  

perhaps they have every right to have there pricing at $5600 which also happens to be the currently the best value out there?  no one actually knows until these chips and machines are actually out there chugging away.

I can agree that the power efficiency is probably much better if just looking at those numbers, however until coins received vs electric costs get to that level KnC Shipping quicker is much better (and the $600 you'd save would easily pay for the electricity gap between the lifetime of the machines)

However don't mistake this as me defending KnC, there are others being mentioned as well. xCrowd, "Smart Machine" that just popped up. There will be others but those two are saying they are going to be offering $6/GH for their products.

Personally I think any above $10/GH won't see the light of day in terms of ROI come end of October (This being if KnC Ships)

I think companies need to expect $3-7/GH by November to see a return. However at that rate even KnC doesn't look like a good deal.

BUT come to think of it, KnC knows how many orders they potentially need to deliver. If they feel the $5,000 price for their unit is a good deal then maybe I'm over speculating the Hashrate they will release.

Who knows, for me personally I won't buy another mining machine until we figure out exactly what companies CAN deliver, if at all. There are just too many companies out now. Back when KnC came out there was just Avalon, BFL, and a Russian Company called Metabank that was going to offer Bitfury units (Sounds real legit hah). KnC was an easy decision.

Now you have the following companies that all plan on selling some sort of ASIC. (In no specific order)

Avalon (Gen 2)
BFL
Bitfury
KnC
xCrowd
HashFast
VMC
Smart Machine
ASICMiner
Labcoin
BTCGarden
CoinTerra

let me know if I missed one. As you can see though that's A LOT of choices, just too many companies to choose from.

in my mind you can cross Avalon, BFL, and for sure BTCGarden off that after what happened today.  the only one on that list that i think has a chance to challenge HF is Cointerra.  but the fact is, they are 2 mo behind HF.  that is an eternity in today's market.  

clearly it's a leap of faith when dealing with any of these companies b/c we just don't know all the details.  and even if we did, i'm sure there are only a few of us that would understand what the hell we were looking at.  we're all dependent on the knowledge level and sophistication of the engineers involved as they're bumping up against the bleeding edge of new technology.  

in these situations, i do what i did.  get on a plane and go visit the ppl involved.  you know as well as i these guys are not a scam.  they're trying their best to produce a stellar product.  Simon has been working on this baby for 2 yrs on and off and more on clearly since the beginning of the year.  he's clearly a brilliant guy and quite frankly, he is the reason i've plunked my $ down on the table for my order.  it's a leap of faith no question.  but i truly believe they've created the best situation possible for themselves in creating a quality chip.  his team of 4 engineers on the front end with Uniquify on the back should be enough to produce what they say.  and you and i know that if they do it, it will make KNC's chip look like child's play and they will only be coming in one month later than them.  and as i said before, i like the fact that HF has engineers on the front end which unfortunately results in some business mistakes, like the cart the other nite.  i'm investing for the long run in the best technologists i can find.  b/c out of the Golden Nonce 1 will come the Golden Nonce 2, etc, etc.  Simon has the capability to make this all happen.  and, imo, there is no better than the guys out of Silicon Valley/PARC.  they have all the connections and resources nearby that can create synergies and afford a great advantage.

with time, clearly the cost is going to come down under $10/gh.  this will be good for small miners.  all these companies will have no choice but to compete for not only the whales but the minnows, its going to be that competitive.  will the mines drive out the small miners?  i don't know.  i think there is hope though which is why i'm willing to extend my setup beyond just my avalons.  and i don't want to be late.  i only started gpu mining in mid 2011.  i didn't think i'd ever pay them off but the coins generated from my setup have more than paid off my rig costs given the price increase.  so i'm just trying to grab and accumulate as many coins as i can before the next price ramp which is coming.  i'm also probably buying my setup with more of a philosophical mindset than most others.  i want to help decentralize the network as a solo miner.  that's just me and my dedication to Bitcoin.  

the HR is going to level off though at some point.  Jeffrey Paul, aka Sneak, made a great point on Lets Talk Bitcoin.  it can't go up forever in this cycle of asic development.  the constraint will be limited by the amount of USD that actors are going to be capable of or willing to throw at this space.  it's not infinite and it will peak out for a while.  the trick will be to buy enough equipment at a low enough price to make yourself a relevant actor.  who knows what that level will be or how much it will cost but i don't want to miss out on the asic revolution.


Can you ellaborate some more on why you think HF is better than all the others companies? Did you take a plane to
Sweden and China too to meet the engineering teams? Or is it that Sillicon Valley is the best?

You say KnC will be ONLY 1 month ahead - sorry man but I have to laugh. We are talking about the 28nm leading here.
HF may produce a better chip no doubt, but give me 50m lead and I can steal the golden metal from Bolt @100m sprint..

They're both 28nm at the moment.

No, I was only compelled to fly to Silicon Valley. Biased yes.
I am very curious though about the percentage of KnC customers switching to HF in case they start delivering LATE September, while Bitfury continues his epic run and HF offers a more compelling product..

You mean there's a downside to accepting cc's?  Wink
People may laugh at me but I always use coins when there is an option. It's what I did with Terrahash too even if it seems I will lose them now (no ROI).
I don't beleive there can be a grey area with cryptos, it is black or white. You either enter their parallel universe with all it's pros & cons or stay safe and wage slave. I hope in time all the speculators and profit only seekers will disappear in a magical way.
BTC is digital cash, everyone should wear pants and take responsibility for their transactions. Do your search and decide if you wanna pay -  you want safety nets? go back to your fiat world..
4402  Bitcoin / Hardware / Re: ► ► ►HashFast Endorsement on: August 13, 2013, 08:04:50 AM
About BTCGarden:
https://bitcointalk.org/index.php?topic=264696.msg2922049#msg2922049

All I wanna say is even if HF is THE ASIC manufacturer in terms of quality, this is not a quarantee for success in this market.
A shitload of cheap Chinese hashes will have been released until HF delivers. How can you compete with quantity? Quality - go for 28nm.
But there we have more than 1 competitor and the most important factor is timing. It wouldn't matter if Japan could deploy an H-bomb a month after Hirosima happened. A plain nuclear bomb did the job...

I'm not sure I believe that.

You have to believe that quality versus quantity will win out at some point especially in this game.

Also alot of quality chips can be made cheaply

Btw, it appears a lot of Chinese chips are now happily hashing away in the wrong hands.
You mean Avalon? Do we know they hash?? Damn...

In any case I am beting on HF too through IceDrill  Wink
4403  Bitcoin / Hardware / Re: ► ► ►HashFast Endorsement on: August 13, 2013, 08:02:26 AM

Actually it would have mattered a great deal.  The U.S. only had two nukes at the time, the Japanese could have destroyed LA or something forcing a stalemate/cold war situation. The Japanese actually had a nuclear program but gave it up, thinking that it would be too expensive even for the U.S. to try it.
Wow didn't know this!
4404  Bitcoin / Hardware / Re: ► ► ►HashFast Endorsement on: August 13, 2013, 07:55:57 AM
the way you've tended to address me so far has not encouraged any productive communication.  there's alot in that paragraph of yours.  what is it you want me to answer?

Oh just looking for a civil discussion on any or all points brought up in that post.

Or since you have such close ties with HashFast, maybe their opinion?

You can't deny that the landscape has changed regarding pricing since they've first announced their pricing. There are a number of other companies starting to come out with their prices and estimated delivery around the same time for much less.

at least you and i can now make some progress.

the Dec 31 Refund Policy is something they had in place before i even met them.  how they arrived at it, i don't know.  i can tell you that from their perspective it's fair and they've said that they fully plan on honoring it using different options i alluded to up further in this thread.

as for taking cc's we've already gone over that and if you really disagree you should bring it up with them.

the only change in "pricing" that i'm aware of is KNC's reduction to $5000 in Nov.  imo, and mine alone, it seems a little bit of a desperate move to retain customers.  the question is, can they deliver at that price and still remain profitable?   since you were at HashFast and signed an NDA, i'm sure that you're aware that HF believes their chip has significant performance efficiency advantages over KNC's as well as lower production costs.  

perhaps they have every right to have there pricing at $5600 which also happens to be the currently the best value out there?  no one actually knows until these chips and machines are actually out there chugging away.

I can agree that the power efficiency is probably much better if just looking at those numbers, however until coins received vs electric costs get to that level KnC Shipping quicker is much better (and the $600 you'd save would easily pay for the electricity gap between the lifetime of the machines)

However don't mistake this as me defending KnC, there are others being mentioned as well. xCrowd, "Smart Machine" that just popped up. There will be others but those two are saying they are going to be offering $6/GH for their products.

Personally I think any above $10/GH won't see the light of day in terms of ROI come end of October (This being if KnC Ships)

I think companies need to expect $3-7/GH by November to see a return. However at that rate even KnC doesn't look like a good deal.

BUT come to think of it, KnC knows how many orders they potentially need to deliver. If they feel the $5,000 price for their unit is a good deal then maybe I'm over speculating the Hashrate they will release.

Who knows, for me personally I won't buy another mining machine until we figure out exactly what companies CAN deliver, if at all. There are just too many companies out now. Back when KnC came out there was just Avalon, BFL, and a Russian Company called Metabank that was going to offer Bitfury units (Sounds real legit hah). KnC was an easy decision.

Now you have the following companies that all plan on selling some sort of ASIC. (In no specific order)

Avalon (Gen 2)
BFL
Bitfury
KnC
xCrowd
HashFast
VMC
Smart Machine
ASICMiner
Labcoin
BTCGarden
CoinTerra

let me know if I missed one. As you can see though that's A LOT of choices, just too many companies to choose from.

in my mind you can cross Avalon, BFL, and for sure BTCGarden off that after what happened today.  the only one on that list that i think has a chance to challenge HF is Cointerra.  but the fact is, they are 2 mo behind HF.  that is an eternity in today's market.  

clearly it's a leap of faith when dealing with any of these companies b/c we just don't know all the details.  and even if we did, i'm sure there are only a few of us that would understand what the hell we were looking at.  we're all dependent on the knowledge level and sophistication of the engineers involved as they're bumping up against the bleeding edge of new technology.  

in these situations, i do what i did.  get on a plane and go visit the ppl involved.  you know as well as i these guys are not a scam.  they're trying their best to produce a stellar product.  Simon has been working on this baby for 2 yrs on and off and more on clearly since the beginning of the year.  he's clearly a brilliant guy and quite frankly, he is the reason i've plunked my $ down on the table for my order.  it's a leap of faith no question.  but i truly believe they've created the best situation possible for themselves in creating a quality chip.  his team of 4 engineers on the front end with Uniquify on the back should be enough to produce what they say.  and you and i know that if they do it, it will make KNC's chip look like child's play and they will only be coming in one month later than them.  and as i said before, i like the fact that HF has engineers on the front end which unfortunately results in some business mistakes, like the cart the other nite.  i'm investing for the long run in the best technologists i can find.  b/c out of the Golden Nonce 1 will come the Golden Nonce 2, etc, etc.  Simon has the capability to make this all happen.  and, imo, there is no better than the guys out of Silicon Valley/PARC.  they have all the connections and resources nearby that can create synergies and afford a great advantage.

with time, clearly the cost is going to come down under $10/gh.  this will be good for small miners.  all these companies will have no choice but to compete for not only the whales but the minnows, its going to be that competitive.  will the mines drive out the small miners?  i don't know.  i think there is hope though which is why i'm willing to extend my setup beyond just my avalons.  and i don't want to be late.  i only started gpu mining in mid 2011.  i didn't think i'd ever pay them off but the coins generated from my setup have more than paid off my rig costs given the price increase.  so i'm just trying to grab and accumulate as many coins as i can before the next price ramp which is coming.  i'm also probably buying my setup with more of a philosophical mindset than most others.  i want to help decentralize the network as a solo miner.  that's just me and my dedication to Bitcoin.  

the HR is going to level off though at some point.  Jeffrey Paul, aka Sneak, made a great point on Lets Talk Bitcoin.  it can't go up forever in this cycle of asic development.  the constraint will be limited by the amount of USD that actors are going to be capable of or willing to throw at this space.  it's not infinite and it will peak out for a while.  the trick will be to buy enough equipment at a low enough price to make yourself a relevant actor.  who knows what that level will be or how much it will cost but i don't want to miss out on the asic revolution.


Can you ellaborate some more on why you think HF is better than all the others companies? Did you take a plane to
Sweden and China too to meet the engineering teams? Or is it that Sillicon Valley is the best?

You say KnC will be ONLY 1 month ahead - sorry man but I have to laugh. We are talking about the 28nm leading here.
HF may produce a better chip no doubt, but give me 50m lead and I can steal the golden metal from Bolt @100m sprint..

They're both 28nm at the moment.

No, I was only compelled to fly to Silicon Valley. Biased yes.
I am very curious though about the percentage of KnC customers switching to HF in case they start delivering LATE September, while Bitfury continues his epic run and HF offers a more compelling product..
4405  Bitcoin / Hardware / Re: ► ► ►HashFast Endorsement on: August 13, 2013, 07:52:50 AM
About BTCGarden:
https://bitcointalk.org/index.php?topic=264696.msg2922049#msg2922049

All I wanna say is even if HF is THE ASIC manufacturer in terms of quality, this is not a quarantee for success in this market.
A shitload of cheap Chinese hashes will have been released until HF delivers. How can you compete with quantity? Quality - go for 28nm.
But there we have more than 1 competitor and the most important factor is timing. It wouldn't matter if Japan could deploy an H-bomb a month after Hirosima happened. A plain nuclear bomb did the job...
4406  Bitcoin / Hardware / Re: ► ► ►HashFast Endorsement on: August 13, 2013, 07:18:07 AM
the way you've tended to address me so far has not encouraged any productive communication.  there's alot in that paragraph of yours.  what is it you want me to answer?

Oh just looking for a civil discussion on any or all points brought up in that post.

Or since you have such close ties with HashFast, maybe their opinion?

You can't deny that the landscape has changed regarding pricing since they've first announced their pricing. There are a number of other companies starting to come out with their prices and estimated delivery around the same time for much less.

at least you and i can now make some progress.

the Dec 31 Refund Policy is something they had in place before i even met them.  how they arrived at it, i don't know.  i can tell you that from their perspective it's fair and they've said that they fully plan on honoring it using different options i alluded to up further in this thread.

as for taking cc's we've already gone over that and if you really disagree you should bring it up with them.

the only change in "pricing" that i'm aware of is KNC's reduction to $5000 in Nov.  imo, and mine alone, it seems a little bit of a desperate move to retain customers.  the question is, can they deliver at that price and still remain profitable?   since you were at HashFast and signed an NDA, i'm sure that you're aware that HF believes their chip has significant performance efficiency advantages over KNC's as well as lower production costs.  

perhaps they have every right to have there pricing at $5600 which also happens to be the currently the best value out there?  no one actually knows until these chips and machines are actually out there chugging away.

I can agree that the power efficiency is probably much better if just looking at those numbers, however until coins received vs electric costs get to that level KnC Shipping quicker is much better (and the $600 you'd save would easily pay for the electricity gap between the lifetime of the machines)

However don't mistake this as me defending KnC, there are others being mentioned as well. xCrowd, "Smart Machine" that just popped up. There will be others but those two are saying they are going to be offering $6/GH for their products.

Personally I think any above $10/GH won't see the light of day in terms of ROI come end of October (This being if KnC Ships)

I think companies need to expect $3-7/GH by November to see a return. However at that rate even KnC doesn't look like a good deal.

BUT come to think of it, KnC knows how many orders they potentially need to deliver. If they feel the $5,000 price for their unit is a good deal then maybe I'm over speculating the Hashrate they will release.

Who knows, for me personally I won't buy another mining machine until we figure out exactly what companies CAN deliver, if at all. There are just too many companies out now. Back when KnC came out there was just Avalon, BFL, and a Russian Company called Metabank that was going to offer Bitfury units (Sounds real legit hah). KnC was an easy decision.

Now you have the following companies that all plan on selling some sort of ASIC. (In no specific order)

Avalon (Gen 2)
BFL
Bitfury
KnC
xCrowd
HashFast
VMC
Smart Machine
ASICMiner
Labcoin
BTCGarden
CoinTerra

let me know if I missed one. As you can see though that's A LOT of choices, just too many companies to choose from.

in my mind you can cross Avalon, BFL, and for sure BTCGarden off that after what happened today.  the only one on that list that i think has a chance to challenge HF is Cointerra.  but the fact is, they are 2 mo behind HF.  that is an eternity in today's market.  

clearly it's a leap of faith when dealing with any of these companies b/c we just don't know all the details.  and even if we did, i'm sure there are only a few of us that would understand what the hell we were looking at.  we're all dependent on the knowledge level and sophistication of the engineers involved as they're bumping up against the bleeding edge of new technology.  

in these situations, i do what i did.  get on a plane and go visit the ppl involved.  you know as well as i these guys are not a scam.  they're trying their best to produce a stellar product.  Simon has been working on this baby for 2 yrs on and off and more on clearly since the beginning of the year.  he's clearly a brilliant guy and quite frankly, he is the reason i've plunked my $ down on the table for my order.  it's a leap of faith no question.  but i truly believe they've created the best situation possible for themselves in creating a quality chip.  his team of 4 engineers on the front end with Uniquify on the back should be enough to produce what they say.  and you and i know that if they do it, it will make KNC's chip look like child's play and they will only be coming in one month later than them.  and as i said before, i like the fact that HF has engineers on the front end which unfortunately results in some business mistakes, like the cart the other nite.  i'm investing for the long run in the best technologists i can find.  b/c out of the Golden Nonce 1 will come the Golden Nonce 2, etc, etc.  Simon has the capability to make this all happen.  and, imo, there is no better than the guys out of Silicon Valley/PARC.  they have all the connections and resources nearby that can create synergies and afford a great advantage.

with time, clearly the cost is going to come down under $10/gh.  this will be good for small miners.  all these companies will have no choice but to compete for not only the whales but the minnows, its going to be that competitive.  will the mines drive out the small miners?  i don't know.  i think there is hope though which is why i'm willing to extend my setup beyond just my avalons.  and i don't want to be late.  i only started gpu mining in mid 2011.  i didn't think i'd ever pay them off but the coins generated from my setup have more than paid off my rig costs given the price increase.  so i'm just trying to grab and accumulate as many coins as i can before the next price ramp which is coming.  i'm also probably buying my setup with more of a philosophical mindset than most others.  i want to help decentralize the network as a solo miner.  that's just me and my dedication to Bitcoin.  

the HR is going to level off though at some point.  Jeffrey Paul, aka Sneak, made a great point on Lets Talk Bitcoin.  it can't go up forever in this cycle of asic development.  the constraint will be limited by the amount of USD that actors are going to be capable of or willing to throw at this space.  it's not infinite and it will peak out for a while.  the trick will be to buy enough equipment at a low enough price to make yourself a relevant actor.  who knows what that level will be or how much it will cost but i don't want to miss out on the asic revolution.


Can you ellaborate some more on why you think HF is better than all the others companies? Did you take a plane to
Sweden and China too to meet the engineering teams? Or is it that Sillicon Valley is the best?

You say KnC will be ONLY 1 month ahead - sorry man but I have to laugh. We are talking about the 28nm leading here.
HF may produce a better chip no doubt, but give me 50m lead and I can steal the golden metal from Bolt @100m sprint..
4407  Economy / Securities / Re: [BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon on: August 12, 2013, 06:44:13 PM
More important that someone transparently pumping their favorite stock...


LOOKS LIKE THE BUYBACK IS IN PROGRESS RIGHT NOW.
Correct. Repaid in full here.
Me too!
4408  Economy / Securities / Re: [ANN] Hosted-Mining (revenue shares) / BTCT.co on: August 12, 2013, 06:42:42 PM

We are currently in negotiations with http://alydian.co backed by no other than CoinLab.com.


Hi,
If you choose alydian.co what are your ROI / profit projections alydian sells their hashrate for about 70$ GH ( this probably wont return a postive ROI at all)
Good question
4409  Bitcoin / Hardware / Re: Off-Topic on: August 11, 2013, 07:01:13 PM
Terrahash may want to consider sticking with 20,000 Gen1 chips and defer the purchase of another 20,000 chips unless they can get their hands on the Gen1 chips within the next two weeks.

If the 55 nm chips are 4-5 times faster and use less power then the 110 nm chips, I maybe willing to wait until October or November for my order if it was upgraded to Gen2 chips. It sounds like there is a good chance Gen2 chips will work with the K16 with little to no modification.

Perhaps Avalon and Terrahash can offer Gen1 purchasers the opportunity to switch their order to Gen2 chips at no extra charge...

Of course, this all assumes that Avalon can actually ship Gen2 chips in bulk by mid October, which is highly unlikely given their current track record.

Why would you even consider Avalon over Bitfury for 55nm chips?!
+1
4410  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: August 11, 2013, 01:23:32 PM
question is, can they meet the production demand of so many buyers in ~ 2 mths?
No one knows that for sure at this point, not even Sam and KNC. Place your bets! If you had concrete info that guaranteed one or the other outcome, the rational thing to do would be to place a very large bet on that outcome and monetize your info.

If you're right you can make a nice chunk of change. Seems most people are skeptical, given what's happened with other ASIC companies (or perhaps just biased by past performance of other companies).

Personally I think XCrowd is a scam, Cointerra doesn't have their heart in it and is late to the game, and Terrahash got screwed over by Bitsyncom shipping super late. But of them, apart from KNC, Cointerra would be your best bet, but they aren't shipping until November at the earliest, so good luck! Meanwhile Avalon claims their Gen-2 chip released in October (lol). Possibly few will buy it however, we shall see.

I have yet to see any thing that makes me fear KNC won't live up to their delivery promise.

What about Bitfury? Hashfast?
Bitfury's already a sure thing, they are either already shipping or about to. Quantity is a question and you can't get them directly outside Russia so they're being resold for more than they really should be ($19,000 = lol). Seems like a great chip, though I'd rather have a multi-core approach like KNC. I think all future companies will (or should) go multi-core approach in a blade-friendly form-factor. We shall see.

Hashfast, haven't much looked into them. Seems similar to Bitfury. Might be a bit late to the party tho if KNC ships.
I have no BFs or KnCs but if I had to choose now I'd rather have expensive but real BF than late September KnC (at best).
As for HF they will be probably at least 1 month late compared to KnC but who knows, they may hide an ace in their sleeve..
4411  Bitcoin / Hardware / Re: ► ► ►HashFast Endorsement on: August 10, 2013, 08:26:17 PM
Cypher I can understand your excitement and I have bought a good amount of IceDrill shares, but you have to admit that if KnC delivers first one month before HF then "Houston..."!
4412  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MΣC] Megacoin.co.nz - Website Launched! on: August 10, 2013, 01:58:50 PM
Do the issues on block finding have anything to do with the 0coin protocol? If yes this is a feature and miners should not be discouraged - they will be rewarded in the end by the price increasing fast!
4413  Bitcoin / Group buys / Re: Decentralized Hosting - mining equipment market hedge on: August 10, 2013, 01:54:35 PM
So the plan by far is group buy and hosted mining right? What about shares?
I would like to see some Bitfury in the mix too.
What about Labcoin, BTCGarden, Avalon next gen?
I am in for up to 10BTC for the moment but very interested in this long term!
I can find free electricity AND/OR very low power cost (Dubai)..
4414  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: August 09, 2013, 01:17:20 PM
...
If KnC ships, HashFast customers are screwed.
If HashFast ships, then Cointerra customers are screwed. 

The only way they can make a profit is by going for extremely high volume.
...

+1
If none of them ship, all the customers are screwed.
If *all* of them ship, all the customers are screwed too! 

The only meaningful win:
The horse you back wins, the others drop out of the race. 

What we need is BTC to go above 200 again!   
Exactly.
It has to otherwise the entire concept does not work.
 Wink
BTC @MtGox, it has begun!!!  Tongue
4415  Bitcoin / Hardware / Re: ► ► ►HashFast Endorsement on: August 09, 2013, 12:22:45 PM
Still there are always risks involved, the odds are nobody is going to make a fortune mining anymore.  I would be happy to just generate some coins at a small margin and reduce the needs to deal with awful exchanges. Smiley
This!
4416  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast) on: August 09, 2013, 11:38:56 AM
I bought..
4417  Bitcoin / Hardware / Re: Off-Topic on: August 09, 2013, 07:44:10 AM
Because I honor their No Refund Policy and a couple interesting ventures have come up that I'd like to invest in,

I am Auctioning off the very first DX-Larges purchased (which also happens to be the very first order placed as well)


https://bitcointalk.org/index.php?topic=256798.msg2883243#msg2883243


I still have full faith that Terrahash will deliver and if these auctions do not sell I'll still be completely happy with taking delivery of my order.
If knightlife999 agrees for escrow, the price is way lower and more important I can find the funds, then I am interested! Tongue
Maybe 6K $...
lose 4k? great deal.
I

Lol,  I was driving home and wondering the same thing.



He meant to say $4k more than the asking price Smiley

Ahhh,  so generous of him!
I'd wait to sell anything until the tomorrow's super duper Avalon announcement.
 But then again it could be "thanks for all your money, see ya" type. Lol
Even at this price I doubt it wil ROI - stop dreaming we have bet on the right horse (at the moment it's Bitfury).
No way to take my coins & leave if he chooses escrow with KL999... (EDIT: Forget last sentence I misunderstood! BTW I am not sure the anounement was good or bad for us)
4418  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: August 09, 2013, 07:02:07 AM
Because they figured out where the least risky money was to be made :\ On dupes who can't see where the difficulty is going.

Cointerra appears to be too late to the party. If KNC ships, they're largely screwed. High efficiency is a luxury only if the device can achieve positive ROI in the first place, efficiency then extends its life against electrical costs. I don't think a device shipping in Jan '14 with these stats can achieve positive ROI unless it's less than $2k, and then that's hardly any profit for the manufacturer so why are they bothering.

Late, late, for a very important date.

If KnC ships, HashFast customers are screwed.
If HashFast ships, then Cointerra customers are screwed.  

The only way they can make a profit is by going for extremely high volume.

If they charge $1000 for 500Gh/s anyone interested in mining will basically have no choice but to buy.  They sell 3,000 units, that's $3 million dollars, and 1.5Ph/s added to the network.

And if you think about it, there's probably no reason they can't charge prices like that.  An Intel celeron chip is fab'd at 22nm and only cost $50, for example.
And not to mention non-28nm competitors flooding the market (Bitfury, Labcoin, BTCGarden, Active Mining, ASICMiner, Avalon, BFL, the guys from UK...)!

EDIT: Guys from UK=xCrowd
4419  Bitcoin / Hardware / Re: Off-Topic on: August 08, 2013, 08:06:41 PM
Because I honor their No Refund Policy and a couple interesting ventures have come up that I'd like to invest in,

I am Auctioning off the very first DX-Larges purchased (which also happens to be the very first order placed as well)


https://bitcointalk.org/index.php?topic=256798.msg2883243#msg2883243


I still have full faith that Terrahash will deliver and if these auctions do not sell I'll still be completely happy with taking delivery of my order.
If knightlife999 agrees for escrow, the price is way lower and more important I can find the funds, then I am interested! Tongue
Maybe 6K $...
4420  Economy / Auctions / Re: [Auction] Terrahash DX-Large 180-220 GH w/ PSU - Confirmed First Order. on: August 08, 2013, 07:13:45 PM
Price is in BTC regardless of bitcoins price in $$ ??
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