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101  Bitcoin / Group buys / Re: [ASICMINER] [Block Erupter USB] [Price Update] [Australia] on: September 10, 2013, 04:01:17 AM
Stock is 6 gen-2 blades of which 5 are 'tentatively' allocated.  I'll ship this afternoon if I get payment in the next hour or so.

Expecting another 100 USBs + 30 Blades either late this week or early next.

Orders of 10 Blades get a power-backplane at no additional cost aside from possible increase in shipping price due to size/weight

edit: I probably shouldn't refer to them as 'gen 2' - as I assume the chips are the same as the old blades. These are the 'new blades'.
102  Bitcoin / Group buys / Re: [ASICMINER] [Block Erupter USB] [Price Update] [Australia] on: September 10, 2013, 03:36:00 AM
I'll monitor this thread for now.

Gen-2 Blades only in stock. I'll update when more USBs arrive.
103  Bitcoin / Group buys / Re: [ASICMINER] [Block Erupter USB] [Price Update] [Australia] on: September 10, 2013, 01:24:24 AM
Hi All,

I have only 4 or 5 USBs left depending on what payments I receive today and I'm hoping to have more USB Block Erupters (and Blades) at the end of the week.
Price is still 0.175BTC ea at the moment - but from the next batch I will be able to honour coupons for reduced price for those who bought earlier at higher rates from Leo (I still need to confirm details)

Currently I have about 6 Gen-2 10.7GH Blades available at 3.9BTC each.   
Blades arrived from China without green power plug but I just nipped up to Jaycar and am throwing one in each box. (They were $3.90 ea.. I'm sure they can be sourced more cheaply - but I felt it best to help people get set up quickly)
(I don't ship those plugs for people ordering 10 blades - as a 10 blade order gets a power backplane thrown in)

I ship by express post with signature required - (optionally with insurance for loss/damage) and will quote that when given a shipping address.

Thanks to Leo for passing on the enquiries.
Sorry to those who missed out on the current batch.  As these are time-sensitive - I really have to go with allocating these in payment order - which currently means payment by BTC.
For the next batch I may accept payment by bank transfer for orders under about $300 if you're able to quickly supply evidence of the transfer.

Cheers,
Julian Noble
asicminer@swishbits.com.au
104  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: August 30, 2013, 02:49:00 AM
Just for laughs I "invested" a small amount. So far, after an hour I'm down -0.00025883

I'll let it run for a bit, but I don't have high hopes. I think some folks have figure out how to 'game' system or something. Or maybe it's just really rotten luck.

MD

Just for some perspective - I was down 15% at one point... and that was for a large number of BTC and it only took a few days to go down that far.
A few weeks later - I'm up over 9%... so yes it's 'luck' - and this investment gives a highly erratic return.
Sometimes the players will win big against the house, and if that wasn't true - then there probably wouldn't be many punters.
The maths says in the long run you should expect to come out ahead, but still, the luck could put you in the red for a long time.

105  Bitcoin / Press / Re: 2013-07-05 PR Newswire - Payment Becomes Easier on DinoDirect with Bitcoin on: August 27, 2013, 11:48:47 PM
I am discovering first hand why they don't have a good reputation.

They asked me to pay an additional $50 for shipping an item which was marked as 'free shipping'.

While I was in the process of negotiating with them on that (I agreed to meet them half way and pay $25)  - they have come back to me on a previous order (which I thought was shipped)
and are saying the shipping is $70 - but because I am a 'valued customer' I only need to pay them another $50.


Beware. These guys falsely advertise their shipping rates.  Definitely seem either shonky - or at best - incompetent.


edit: After I got quite snarky with them in email - they brought the extra amount I need to pay down to $25 - but they want me to pay with paypal.. ugh :/
My warning still stands that the price you see in the final order is not always accurate - but at least their support seems quite responsive.


Ouch - thanks for the story and the warning!

Out of curiosity now - did they accept payment for the purchase in bitcoin?


I paid in Bitcoin.   They also let me pay the $25 for shipping using Bitcoin - by 'purchasing' a $25 jacket that they won't ship.  (I asked them if they could create a fake product in their catalog for me to buy so I didn't have to use paypal).

Basically - while I was annoyed about their website being misleading on shipping prices, I'm pretty happy with their resolution. They do respond quickly.
I have already received a cheap tablet I bought from them with Bitcoin... and I'll probably buy a few more things from them, but in future I'll confirm shipping prices with their live support before placing orders.

106  Bitcoin / Press / Re: 2013-07-05 PR Newswire - Payment Becomes Easier on DinoDirect with Bitcoin on: August 27, 2013, 06:12:43 AM
I am discovering first hand why they don't have a good reputation.

They asked me to pay an additional $50 for shipping an item which was marked as 'free shipping'.

While I was in the process of negotiating with them on that (I agreed to meet them half way and pay $25)  - they have come back to me on a previous order (which I thought was shipped)
and are saying the shipping is $70 - but because I am a 'valued customer' I only need to pay them another $50.


Beware. These guys falsely advertise their shipping rates.  Definitely seem either shonky - or at best - incompetent.


edit: After I got quite snarky with them in email - they brought the extra amount I need to pay down to $25 - but they want me to pay with paypal.. ugh :/
My warning still stands that the price you see in the final order is not always accurate - but at least their support seems quite responsive.
107  Bitcoin / Hardware / Re: Time to sue ButterflyLabs - Big Single-SC owner let's league against BFL scam. on: August 24, 2013, 03:27:40 PM
It seems a bizarre miscalculation on BFL's part if they are genuinely unconcerned about this.

The sorts of people who dropped such large sums on the faster BFL units will surely be well placed to successfully sue them.

Don't underestimate the willingness of pissed off wealthy folk to throw good money after bad in the form of legal vengeance!




108  Bitcoin / Hardware / Re: CoinTerra Unveils a 2TH/s ASIC Bitcoin Miner : TerraMiner IV on: August 20, 2013, 12:33:49 AM
Way... Way... WAYYYY over priced IMO.   Cry

By the time the KnC orders get fulfilled (Sept/Oct/Nov), difficulty is going through the roof, just look at the graphs to see for yourself.. even IF.. and big IF cointerra can deliver on time, IMO it's not worth it, the introduction of more and more TH make's diminishing returns and this is just overpriced right now.

It's currently 5x the power of a Jupiter at 2x the cost ~ which sounds good, but the calculations speak for themselves : http://mining.thegenesisblock.com/a/294c1f0fab

The price includes the power supply, and it also includes a powerful controller integrated in the solution to manage the ASICs. Note that the power consumption is a fraction of other devices out there per Gh/s.

People need to stop with the simplistic  'price per Gh/s' -  it's price per *December* Gh/s  etc   ... that needs to be *much* lower than 'Sept/Oct/Nov price per Gh/s' to be attractive - and though it's no fault of cointerra (yet) - due to the number of people burned by late deliveries - it needs a margin to look attractive even with a month or so of delivery slippage.
109  Bitcoin / Hardware / Re: CoinTerra 2TH/Sec Miner Official $15,700!!!! Complete Fail on: August 19, 2013, 11:07:35 PM
Not an attractive offer for me.  Looks like it *may* make a very modest profit by mid 2014 *if* it ships in December - but a significant loss if it ships in January.
110  Economy / Scam Accusations / Re: WE Exchange has my money and won't give it to me on: August 19, 2013, 01:29:44 AM
I have to ask.. why would WEExchange be reusing an address they sent from in such a way to credit it to some other user's account?
It seems like a poor design for a shared wallet system. 


111  Economy / Securities / Re: [PicoStocks] 100TH/s bitcoin mine [100th] on: August 14, 2013, 11:24:11 PM
I like the part where you run a mock-exchange and bash all other projects because you have sand in your vagina.

"THE BTC stock exchange" you have got to be smoking crack.

Give yourself a little time. After you cross the one year mark you start seeing things differently.

Provided, of course, you do ever get to be that old.

Here's a hint: MPEx is older than Bitcoinica. It saw Pirate rise and fall. It saw GLBSE go to shit. It saw MtGox die. All these things seemed like hot shit to Bitcoin's mayflies.

It's not just that it's older than you, or that it'll survive you, it's a lot more than that. Things you can't even imagine.

MPEx seems like the sort of project where the operator assumes technical competence and decent architecture is self-evident and will wow the marketplace, and then proceeds to vigorously blame people for their failure to appreciate the system - when it's more a case of the operator failing to understand (or give a rats arse about) people.
Hint: Your model will work nicely when autonomous software agents are starting Bitcoin businesses and need to IPO.
112  Bitcoin / Group buys / Re: [OPEN] - GROUP BUY of BITFURY Chips + DRILLBIT SYSTEM mining assembly on: August 14, 2013, 09:57:43 AM
I have been in contact with Barntech and will be visiting as soon as there is something to see & photograph.
This may be as little as a blank PCB - as due to the urgency of getting things moving, I figure the sooner we get any independent verification that these guys are on track the sooner the group buy will be filled.

113  Bitcoin / Hardware / Re: [CLOSED] Avalon ASIC chip distribution on: August 07, 2013, 02:06:36 PM
We can add one more irresponsible hw supplier next to BFL and start looking for alternatives.

There are no alternatives. This is unbelievable immature market. There are only preorders, not a single company is selling in-store ASIC. Only exception is Asicminer's USB sticks, and even these toy devices are at the brink of not being able to ROI. The only question is in witch month and witch year will emerge the first company not involved in the preorder game. Every single candidate now is also preordering. It is very strange considering 150 mil US$/year of BTC mining income.


The question I have - is whether the companies that don't need pre-orders will even need customers at all.

Those  ASIC companies which deliver machines with an expected ROI will perhaps just be outcompeted by those who can effectively deploy their chips into data centres and mine on their own.
114  Economy / Speculation / Re: Why is the transaction volume so high? on: August 06, 2013, 11:16:32 AM
I have a gut feeling that a lot of it is being generated by people investing in various Bitcoin stocks on btct, bitfunder etc + deposits/withdrawals on some of the new gambling sites such as just-dice.

Also...  I think there has been a lot of ASIC mining rig buying going on. So many different groups offering chips,kits & rigs.

Just a guess though.
115  Other / Off-topic / Re: Do girls use Bitcoin ? on: August 05, 2013, 08:15:02 AM
Well I sold some bitcoins to a young woman yesterday who found me via localbitcoins.
I asked if she knew many people who were into Bitcoin - she said she was the only one amongst her acquaintances.
Interestingly - she got into Bitcoin off her own bat - and her husband was only a bit interested in them because she was.

My fiance, mother, sister and a female cousin are all 'interested' and have a few - but only heard about them because of me, and they just hold a few for speculation - they don't really 'use' them - yet.
116  Bitcoin / Bitcoin Discussion / Re: Famed Trader Joe Lewis Backs Bitcoin on: August 05, 2013, 07:58:12 AM

Mr. Lewis leads the Phoenix Fund, a Zurich-based private-equity fund that on Tuesday plans to invest $200 million in Avalon, a company that makes computer servers aimed at creating bitcoins, according to people familiar with the situation.


Unbelievable!  Shocked Shocked


Well yes - I don't believe it yet.

So it was reported in wsj... big deal.. journalists get things wrong all the time.  I'm waiting to see confirmation.
117  Bitcoin / Press / Re: 2013-08-04 WSJ: Famed Trader Joe Lewis Backs Bitcoin on: August 05, 2013, 04:23:27 AM
So what? This doesn't falsify my statement that media outlets do make errors not necessarily do proper fact checks.

No, but it is to be expected that a published(paywall) article is likely to go through much more rigorous fact checking.

pfft. What about the reuters article on an eco-friendly car that 'runs on nothing but water'
http://www.reuters.com/video/2008/06/13/water-fuel-car-unveiled-in-japan?videoId=84561

This story was picked up by other mindless journalists around the world and parroted in 'respectable' publications.

A lot of Journalists lack basic high school level understanding of tech subjects - and crap slips through all the time.
118  Bitcoin / Press / Re: 2013-08-04 WSJ: Famed Trader Joe Lewis Backs Bitcoin on: August 05, 2013, 04:06:24 AM
I see this whole news article as a 'rumour' at this point.  wsj or no.  Journalists get things wrong - and this story is lacking in any verifiable detail and fails the sniff test.

I could be wrong - I just 'doubt' it at this point.

I tend to agree with the skeptics in the reddit thread on this for now:  http://www.reddit.com/r/Bitcoin/comments/1jpoec/famed_trader_joe_lewis_backs_bitcoin/
119  Bitcoin / Press / Re: 2013-08-04 WSJ: Famed Trader Joe Lewis Backs Bitcoin on: August 05, 2013, 04:00:24 AM
yeah.. I'm taking a hedge on this news by depositing into btct.co and buy up some of the mining shares which are falling on the rumour. (e.g btcgarden now below IPO)

If the news is true... meh.. my bitcoins will probably be worth a *lot* more.  If false - which I suspect...  some cheap shares.
Either way Smiley
120  Bitcoin / Press / Re: 2013-08-04 WSJ: Famed Trader Joe Lewis Backs Bitcoin on: August 05, 2013, 03:50:27 AM
Not good that a big-time thief like this guy is getting involved with mining. Mining is the way to control Bitcoin. Once you control the mining operation, you can do anything with Bitcoin you want. It not longer is beholden to limited supply or anything. They know this. Once the masses jump into Bitcoin and these mega douches control everything Bitcoin is over, it will be just another exploited currency. The problem is that we are still in their system of monetary control - i.e., they can buy up anything they want and that includes Bitcoin. The only time to strike is is when their system has collapsed.

Please learn how bitcoin works first

+1

I don't see why the merchants, users & other miners should care too much if some massive miner starts building a chain of blocks with some other ruleset.  
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