I think I just made the deadline... or did I miss it by 1 hour  Crazy time zones... :p |
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Friedcat: Have you guys thought about mining software yet ? Will you develop that in-house or get supported by CGMiner for instance ?
Don't know if that part can be started before the actual product is in your hands ? That will also take time I assume
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A legitimate and reputatable company works on a first come first serve basis. If you are the 10th in line at McDonalds, and people would be served before you because you had a "pay double, be served instantly option". How would you feel? Ignored because you choose to pay the normal price?
LOL, welcome to the reality. What do you think will happen if a big costumer of the foundry is asking for a reduced timeline or some test wafers that are important to the development? Do you really thing they will be told 'we are a legitimate company, you have to wait?'. This would be last time the big costumer were asking this fab as there a lot of other 'illegitimate and unreputatable company' who work first for their shareholders benefit. What Do you think 'hot run' and 'super hot run' mean? Pay some money and become a vip costumer and get your chips a little more ASAP. On the other side there are (at least at 'my' pcb-manufacturer) reduced rates if you can wait a little longer. Even if that is true: most foundries have very large customers that get privileged treatment anyway because they are repeat customers with a lot of business. I am afraid our little $ 100K project does not have the funds to bribe it's way to the front of the queue and will certainly be the one put on the back burner when one of the regular big customers wants a run done. |
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And if Nefario transfers GLBSE to another jurisdiction they can still go after him as they explicitly told him he's not allowed to do it.
Are you saying UK has the habit of forbidding people to do stuff anywhere in the world? I don't understand why changing jurisdiction would not be possible. but it will mean KYC/AML etc...so it certainly won't be anonymous, not for the issuers and not for the investors
Is this the case everywhere in the world? There's absolutely no country where investors may buy shares anonymously? I know there are countries where there's no capital gain taxes. Why would these governments care whether you identify yourself before buying shares? If the UK authorities have told you that you are doing something 'illegal' in their eyes. You can yourself move outside of their jurisdiction to a place where it is allowed. If however you yourself stay within the UK but only place the exchange in another jurisdiction then they can still go after you. As for KYC/AML: no capital gain taxes is different from money laundering rules and terrorism funding. These days governments are more concerned with those aspects than capital gains. Most countries (even Switzerland) give bank account information to any country that asks for it. And most off-shore banks ask for information/source of funds received to cover their own ass else they won't accept your business. |
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As stated elsewhere, GLBSE is not located in the U.S. The SEC can not shut down GLBSE any more than they can shut down the London Stock Exchange.
This guy probably thought the same: http://www.reuters.com/article/2012/01/13/us-filesharing-extradition-idUSTRE80C15C20120113I personally feel the choice of UK as a place to register GLBSE was maybe not the best. UK is known to be very subordinate to the US government. I'd feel more comfortable if they had chosen a country like Switzerland, Iceland, or even a micro-country like Liechtenstein or Singapore. But well, what do I know, IANAL. GLBSE just needs to be structured differently and hire an accredited share broker. The SEC doesnt like you selling shares direct to the public they require some kind of stock broker. The FSA does not allow anyone to sell shares to retail investors (i.e. non accredited investors) without a license. They also do not allow an 'exchange' to facilitate said share offerings/sales Which means the SEC will not come to shut down GLBSE but they can simply ask the FSA to look into it. Regulation in this area is almost the same in the USA as it is in Europe. As Nefario is already in the process of getting GLBSE FSA regulated they presumably already know about GLBSE. The downside of trying to get regulated is of course that when they say NO... they will shut you down. And if Nefario transfers GLBSE to another jurisdiction they can still go after him as they explicitly told him he's not allowed to do it. If they say yes... then it opens up a lot of possibilities to bring Bitcoin into the mainstream, but it will mean KYC/AML etc...so it certainly won't be anonymous, not for the issuers and not for the investors |
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If 1 not before seen IP starts hashing away at 40% of the network speed people are going to worry... If however all pools still have the same proportional hashrate then what is there to worry about ? Or who will know this comes from 1 farm ?
What strange world it would be where people can more easily see blocks broadcast from a single IP than read this thread, or listen to what I and now everyone else reading this who doesn't have a vested interest in seeing ASICMINER succeed are going to tell people. :-) Where does most of the core technical information get disseminated from? IRC, currently. And where do normal people get their information from? The technical people. Unless ASICMINER suddenly starts operating completely in secret, why and how would you hide your activities considering the GLBSE stock prices are directly tied to public information? All this together means that spreading out your hashrate to other pools is basically pointless. Difficulty will increase, people will wonder why, and everyone who knows ASICMINER's schedules is going to tell them, "Oh, that extra 12TH is ASICMINER." There is no hiding in multiple pools. It's an illusion, and will be 99% transparent. But yes, If Graet (nothing personal  ) thinks up an elaborate scheme, hacks his bitcoind, DDOSes all other pools and ASICMINER points all its hashing power to OzCoin, then we have a problem... but what is keeping Graet from doing the same now ? (or do I misunderstand you?) DDoS not required. What's keeping graet from doing it now? Absolutely nothing, he already has the IPO money now, doesn't he?To alleviate your concerns about cannibalizing your own customers, here's a quote from Friedcat on expanding ASICMINERs mining operation An additional question: Why does the company not want to or sees it feasible to expand beyond 50TH/s for their own mining farm ?
Is that an 'effort' / location constraint ?
Thanks
It may be feasible, but there are some more facts to consider: 1. When we begin to sell products to customers, limitlessly expansion will harm the buyers' motivation, hence the revenue via selling. 2. If may be better to keep the revenue for R&D of the next-generation of products than expand too much with the original technology, especially that we want to stay in the mining ASIC industry and help securing the network in the long run. This doesn't really alleviate my concern: this validates it. friedcat is already aware of this problem. What he's really saying here is, "We're only cannibalizing our customers a little bit." So the money's already there: you're using the mining as a force-multiplier. It's, much as the order to sell the bitcoins, a gambling effort with an unknown payoff, and the gamble is with investors' money. Perhaps someone thought that they couldn't get full NRE+R&D from just an IPO? In that case, why open it up to the public @ GLBSE at all? That's just greedy.  Bolded the bit I don't get havent read all the thread but just wanted to point out I am involved in ZERO IPO's i guess this was just a typo best wishes Graet Yeah, I'm pretty sure he meant Friedcat |
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At 0.5 % per day, this is still the highest dividends on the GLBSE.
Really? Take a look at BIF.1YR.LOAN, they provide 4%/wk, while OBSIHRPT provide (100.5%^7)-1 (3.553%/wk). Perhaps, the new "maybe ponzi" WIT offer 0.2~1.2%. But with the unknowns of HRPT which they may offer 0.2-0.5%, the price would likely to fluctuate greatly. Perhaps it's likely to go 0% in not a long time Take your own risk. Actually, the latest price is .085, so if you buy at that price you actually get 4.1% per week. I suppose I should have said "HRPT is still one of the highest dividends on the GLBSE." If dividend was reduced by 50%, why is anyone willing to pay more than 1/2 of the IPO price for this? Was the risk reduced? If last weekends dump of new shares failed (no buyers at that price), can you keep up the reduced div payments? I think one of the most important question is: "Did the "debt collector business" paid you the weekly dividends or was it automatically reinvested into "building the location?"  . Is there any chance of dividends getting back up to 1%/day? (Although I'm not complaining about .5%/day, that's still pretty good.) Our current avg conversion rate is in the very low $11's. If BTC prices drop below that, 1% is achievable. I was using new sales to help move up the avg conversion rate, but the market seems to be saturated now, so it will take reduced coupons to attempt this. If BTC prices continue their slow climb, expect further reductions in coupon rate, as I can no longer adjust our avg conversion rate quickly via new sales. We should see 0.5% for the next 4-5 days, but if next Friday's payment is as anemic as the last two, coupon rates will drop further. Consider this notice that the "Estimated Minimum Daily Payout" may be reduced if we continue to be battered by this "perfect storm" of unfortunate circumstances. So I guess div could go lower if BTC stays at this level |
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How long from tape-out to an actual chip in your hand... that's the new question I would think most of the chips will go straight to the assembling facility. Let me rephrase: how long before the manufacturer delivers the chips ? |
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How long from tape-out to an actual chip in your hand... that's the new question |
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Today's daily coupon has been paid @ 1% of IPO price.
Thank you.
I went to try and sell out some of my HRPT before the weekend, and I noticed that someone was trying to sell over 10,000 shares at or below 0.1. o_O I placed some asks but wow, no one is buying. I would have thought people would step in like mad and buy a few shares but I guess someone knows something I don't :/ That it's a collapsing ponzi scheme? It's only a matter of time... I wish we could short securities on GLBSE. You can, If you find someone willing to lend them to you |
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WTF is a london bitcoin conference, when was it, why didn't I hear anything about it (virtually impossible), and best of all, how would a convicted felon get a passport? Or is Josh not that other guy or whatever...ugh, fakes names and crap confuse me  Someone go find the post from 2 days ago where BFL staff assured us all that they don't have a working ASIC miner cuz none are done yet. As for london, ummm, pics or it didn't happen? lol. I guess virtual impossibilities do exist And Josh is Inaba or Inaba is Josh.... anyway, he's not Sonny  |
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whoa whoa whoa, back the forum train up a bit here. What the fuck are any of you in the last 1.5 pages talking about?! There was some conference and he was there in person? They showed up with an ASIC miner and auctioned it off?! They just literally said 2 days ago that they aren't finished and they don't have a single working ASIC miner in their company's hands. They assured everyone of this. So they showed up at some alleged conference that someone posted about out on nowhere and not 1 single person took a photo?
WHAT
THE
FUCK
Are any of you talking(/lying?) about?!?!?!
Josh had said before the London Bitcoin Conference (was held last weekend, so it's not an alleged conference) that BFL would be showing their ASIC prototype It's on the forum somewhere |
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I own some shares of ASICMINER that I bought through GLBSE, I'm thinking about buying more but I would definitely like to have more information about current development. Is there any big shareholder with more information than we have that can at least vouch for the ASICMINER showing some progress other than words on the paper?
Thank you
Investors have forked over to you at least 14 226,2 BTC (if you sold shares only at 0.1 and have not bought back any at lover price). Can you post your financial statements so we know how much and on what have you spent and what is left of it as of now? Actually, a regular project update report with financial statement is more than welcome. Friedcat said they would give a detailed update with specs before tape-out if I remember correctly
The fact that they haven't done so yet, leads me to believe they haven't taped out yet, which makes it, unfortunately, hard to believe they will have ASICs up and running before the end of OctoberBut I could be wrong.... Edit: This is the quote I was referring to and it is completely different than what I remembered: Can you give a ballpark on the power requirements of the 50 ghash module?
friedcat may want to correct this with updated data, but based on their preliminary specs it'll be about 500 W ( https://bitcointalk.org/index.php?topic=91173.msg1062854#msg1062854). That's 50GH/s = 1.25 GH/s / chip * 40 chips. and 40 chips * 13.3 W / chip = 532 W Of course you'd also need to add power consumption of the periphery. We have done a lot in the past month and the power consumption is already much less than it. I'm now collecting the tech details for announcement. While investors are eager to learn about the progress, announcements of this kind have no positive effect on the progress of this endeavor. On the other hand, the announcements may offer important targets for competitors' engineering and marketing efforts. Of course, this is just a short-and-random reply. It's not an announcement. The forehand progress report has been sent to the board already. It will also be announced when there is no slight deviation about the date and materials. |
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It is very simple:
The bigger % hashing power you have, the more profit you make
Come to the game early and it is easier to get a high %, the later you get there, the more difficult it gets
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Funny how everyone is blasting Graet because he is the only pool operator to actually take a stance
Whereas I have seen none of the others comment in this thread or anywhere else saying they would ban GPUMAX
Users will always find a dealer, so go after the users not the dealers
the United States war on drugs has made that much clear
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sure, if there's anything i can do to help that doesn't require thousands of dollars in lawyers fees or plane tickets, please let me know. These guys are looking for as much info as possible.... Including deposit and withdrawal addresses for BTCST |
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Obviously there would be no real risk unless a very large percentage of the pool was using GPUMAX, which is unlikely.
Risk of what? risk of GPUMAX operators having control over your hashing power... organofcorti doesn't mine risk of what? please re-read the second line of my last post thank you I still don't understand where the risk is.Sorry if I'm being dense, but I don't see how a proxy pool can affect anything other than a pool's hashrate (and probably the number of stales submitted). What am I missing, Graet? the same thing I am I think I really don't follow the logic of most of this thread I see people are angry at Pirate, I don't see how banning GPUMAX from my pool will help anything, and stuff about scammers having control of pool funds are just baseless accusations aimed at innocent pool operators to try increase the level of hysteria Please keep the Pools subforum to verifiable facts guys, there are plenty of places in these forums to speculate on all sorts of stuff Reasoning: 1. Pirate controls GPUMAX 2. Pirate profits from GPUMAX 3. People are mad at Pirate 4. People don't want Pirate to profit from anything 5. People ask pool-operators to ban GPUMAX so Pirate has nowhere to direct it's hashes 6. Pirate does not profit anymore My 3 bitcoins worth of Psych 1-0-1 |
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How many left ? 638/1024 tickets sold! Duh I should have looked at the OP ! Thanks |
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How many left ? |
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