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1681  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 09, 2013, 02:58:29 PM
BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

BTCGuild only has 3% fees, I don't call that outrageous. Plus they pay orphaned blocks and tx fees, so it's a pretty good deal.

3% PPLNS, 7.5% PPS is outrageous, can you find me 3 pools that charges more for PPLNS or PPS? you can't, so BTCGuild is charging the top 3 fee in all crypto land, plus they have economy of scale, so they make a lot more than everybody else. Therefore, outrageous.
I can find you an alt coin pool that charges more fees than that off my head. I've just recently closed a thread and tagged the operator for charging a 100% fee without telling his users.  Tongue

That said, friedcat should consider going solo in the near future.
1682  Bitcoin / Hardware / Re: Rating of ASIC Companies [BitSyncom VS ASICMiner VS BFL] on: May 09, 2013, 02:39:13 PM
I'm speechless here. I'd thought that it was painfully obvious that ASICMiner => Avalon > BFL at this point.  Undecided
1683  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 09, 2013, 03:04:00 AM
The ASIC chips used in Avalon and AM is different - actually I remember correctly AM is using the older 110nm chips while Avalon uses the slightly newer chip at 70+-nm.

And yes, I can read Chinese for god's sake.  Tongue

90 iirc

I fail, sorry.  Tongue
1684  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 09, 2013, 03:00:36 AM
The ASIC chips used in Avalon and AM is different - actually I remember correctly AM is using the older 110nm chips while Avalon uses the slightly newer chip at 70+-nm.

And yes, I can read Chinese for god's sake.  Tongue
1685  Economy / Services / Re: John (John K.)'s escrow service (previously known as johnthedong) on: May 09, 2013, 02:46:26 AM
41 unread messages.  Shocked

I will be back after lunch to process all of this - about 3 hours later. IRL stuff got me bogged down, sorry again!
1686  Economy / Auctions / Re: Avalon ASIC #3, 1 Module From Group Buy Hosting Plan [CAREFUL FOR SCAMS] on: May 08, 2013, 03:37:17 PM
JustFYI for anyone watching this circus, I have banned OP for the moment to prevent any damages done.
1687  Economy / Auctions / Re: Avalon ASIC #3, 1 Module From Group Buy Hosting Plan (Ending today, quick sale! on: May 08, 2013, 03:22:04 PM
I am retracting my bid as:

a) OP will not accept escrow

b) OP username was created on May 01, 2013, 04:45:01 PM  however OP have posted an image of confirmation post from Horserider on 31st March 2013 this was before OP's username was created AND does not show up in original horserider thread.


Warning to all bidders.

Warning added, thanks.
1688  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 08, 2013, 02:53:03 PM
Dividend for 5/8/2013 is: 0.01108519 per share

Holy f...

Care to confirm my calculation? before we all get too excited?

I confirm that - didn't use a calculator but what came in is at the 0.011+ range.
Note that this divs should be solely from the hash rates - there's no auction or sales this week. Smiley
1689  Bitcoin / Hardware / Re: Avalon Bulk Chip Order Confirmation Email on: May 08, 2013, 02:22:45 PM
they never respond to emails nor do they respond to tickets.

Yeah I wasn't expecting any reply but I thought I'd try them first before I start bothering the forum.

I've ordered the 10k chips too - only got the first email and not the confirmation email that they state. However, the status on my account did change immediately after a confirmation was in, so I'm assuming everything is fine at their end. I have asked others about this, and it seems to be an old bug with their buggy system.  Undecided

Glad to know I'm not the only one, this puts my mind at ease, is your order status "chips ordered"?

Yeah - it turned from 'Order on hold (or something like that)' to 'Processing' once the confirmation was in, and is currently at 'chips ordered'.
1690  Bitcoin / Hardware / Re: Avalon Bulk Chip Order Confirmation Email on: May 08, 2013, 02:08:14 PM
hi there,

I ordered 10k chips from avalon and in the email it says:

1 You must make a payment within 8 hours, or your order will be cancelled
2 As soon as your payment is received in full you will receive email confirmation with order delivery details.

I was wondering if anybody else who made a bulk purchase actually received the confirmation email after making payment?

I've sent emails to both info@avalon-asic.com and ngzhang@avalon-asic.com and neither have replied.

Any help would be appreciated as it's pretty uncomfortable having that much money tied up without even a confirmation email.


I've sent emails to both info@avalon-asic.com and ngzhang@avalon-asic.com and neither have replied.
they never respond to emails nor do they respond to tickets.

+1.

I've ordered the 10k chips too - only got the first email and not the confirmation email that they state. However, the status on my account did change immediately after a confirmation was in, so I'm assuming everything is fine at their end. I have asked others about this, and it seems to be an old bug with their buggy system.  Undecided
1691  Economy / Services / Re: John (John K.)'s escrow service (previously known as johnthedong) on: May 08, 2013, 01:38:00 PM
Note that I am requiring a pre-paid 1% unrefundable fee paid to my signature address before I will issue escrow contracts for altcoin to BTC exchanges with amounts <50BTC . It's a PITA dealing with the mass of cancellations I get after taking the time to GPG sign and send out the contract. (6th cancellation in 2 days so far)  Angry

If it's a PITA, feel free to tell them that while you don't endorse me, and can't vouch for my trustworthiness or reliability, you are aware that I'm willing to hold escrow in these transactions.  If you want the transactions as a revenue stream, let me know and I'll delete this post.  I'm not trying to step in on any income/business you might be trying to build.  Just trying to help lighten the load of the PITA transactions for you.

Nah, I'm just doing this as a public service of sorts for the small exchanges as I normally do not charge any fees for small tx's like this unless the period of holding the coins exceeds a week or so.  Smiley I'm trying to automate most of the procedures though as I always issue a GPG signed escrow contract which eats through my time. Hopefully the fixed fee will deal with the cancellations now. Thanks for the offer again - I will keep this in mind if I cannot handle the load.  Grin
1692  Economy / Services / Re: John (John K.)'s escrow service (previously known as johnthedong) on: May 08, 2013, 01:00:39 PM
Note that I am requiring a pre-paid 1% unrefundable fee paid to my signature address before I will issue escrow contracts for altcoin to BTC exchanges with amounts <50BTC . It's a PITA dealing with the mass of cancellations I get after taking the time to GPG sign and send out the contract. (6th cancellation in 2 days so far)  Angry
1693  Other / Meta / Re: Scams involving altcoins on: May 08, 2013, 12:54:10 PM
I've just been looking at the alternative cryptocurrencies section (https://bitcointalk.org/index.php?board=67.0) and it is a wild scam feast.

If you look at the scam accusations most of them involve alts:
https://bitcointalk.org/index.php?board=83.0

There is new coins and scammers popping up every minute and I think this section needs more moderators to avoid total chaos.
Well, only theymos can give out scammer tags. I'm getting bombarded with scam tagging requests so much that I wanna just ignore the damn section now.  Angry I'm requesting theymos to give me the power to temporarily tag users, probably with 'Unconfirmed scammer' or something like that in the meantime to be able to handle such cases.
1694  Economy / Scam Accusations / Re: What is the process for reporting a scammer to the Admins? on: May 08, 2013, 09:06:17 AM
This is my suggestion to prevent any future scams.

1. To create a sell thread you have to donate 1 btc to the forum. Must be 3 months old account and 100 posts.

2. No posting of any buy/sell posts outside non buy/sell section.

3. Banned ips/accounts that did not follow the rules point blank.

4. Hire more moderators.

5. Escrow is mandatory on all trades above 1btc.

I wish there was such a system I tried suggesting something similar to the admin.  But honestly I don't think the admin cares he told me to fuck off.

The Admin really told that to you? I think even blackhat forums has better scam protections than here.

Nah, he sent money to a known scammer, who was very badly faking an escrow with a false PGP key, then cried his heart out about it here. Then he got all huffy when people told him that maybe the problem could be solved by not fucking sending money to known scammers very badly faking an escrow with a false PGP key.

+1. Context here: https://bitcointalk.org/index.php?topic=195317.0

And no, I don't think theymos told him that.
1695  Bitcoin / Group buys / Re: ASICMiner Block Erupter USB group buy (US/Canada) on: May 08, 2013, 07:22:14 AM

I cannot honestly say that I studied the fine print at the time I signed up.  But I also don't give a shit.  I've hardly put my financial statement at risk fucking around with what will very likely end up being a laughably overpriced trinket within a few months due to either a rise in BTC values or competition from more powerful devices.  I stated '2.1-ish BTC' to allow for some flexibility.

Ha, on this I agree.   I think it will be awhile, if ever till the device earns back the costs.    I am mainly getting it as I have been doing some work with the merged mining clients on my laptop, and access to some hash power from my laptop would be a nice aid in testing.

My main objection is it being called escrow, which gives a false sense of what is being provided.



The escrow is not a traditional escrow where the funds are held before the goods arrive - it's an identity escrow. ( sort of this but minus the cryptos: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.21.6420) I hold and verify Arklan's identity here so that he does not have to send this information to everyone on the list. The data would be held as a reserve against any unlikely problems arising on Arklan's side, and can be used to determine his location and everything for any litigation efforts if needed.  Of course, I also verify that the package isn't being sent to some obscure PO box.  Wink

To turn this into a proper escrow, would friedcat be happy with proof of the funds being in the escrow account before shipping and then the private key to the address being provided to him when proof of end-user delivery has been provided?

You'd need to have 2 escrow addresses though, one for the actual cost of the hardware (to go to friedcat) and another for the fees...

also, i heard from one of the blade buyers. apparently there were no customs fees.
You have to declare a value on the package or declare it as a gift, so it would be interesting to know what was on the package's customs tag. That also decides the insured value. A gift has no value and if you send too many of them, customs might limit your ability to export.

yea, i asked, he didn't say. *shrug*



we're at 316 ordered right now. yay!

i'm going to get some sleep for a few hours. i'll update everything when i wake.

Friedcat declared the blades as 'Sample PCB's' and around a value of $76 if I'm not wrong for the recent auction. AFAIK only Russian and Polish buyers had any problems with the shipping due to their postal services - I had a Polish buyer PM me for the actual invoice to satisfy their overly zealous customs. Shipping to the states should not be a problem here.  Smiley

When it's time, do we send the whole amount to 1FFyoorSfwQC15Xv7zNZ4Lv5yZcM6WFKuF because the top post also refers to: "fixed fee of 2% for this transaction, pre-paid to 1NB1KFnFqnP3WSDZQrWV3pfmph5fWRyadz".

Also, how does our street address get associated with our payment? Sorry for the dumb questions, but I've never done escrow before.

as to the bitcoin addresses: i'm not sure. i'll double check with john.

street addresses: when we start collecting money, i'll send everyone a pm on the forum with my email address and relevant info. you'll email me your street address and a confirmation of the transaction being sent to the designated address. when all money is collected, john will send it to friedcat, then when i get the miners i'll mail em out. once i know they have been received i'll delete the address holding emails.

tiger - slow? eh, not super speed, yea. but we're SO CLOSE. Cheesy

Just send the fees and everything to the escrow address - the sentence above was an error as I used this contract for most of my escrow deals.

PS: I can speak about 4 Chinese dialects, Indonesian, Malay, Chinese and English (duh!) Tongue
1696  Economy / Service Discussion / Re: Got to be an Easier way to buy Bitcoin on: May 07, 2013, 04:07:01 PM
Bitcoin exists exactly because the current financial/economic system sucks. If safely buying bitcoins would be easy, then we would already have a working system and we would not need bitcoin  Cheesy

Instead we have paypal, credit cards, chargeback fests, banks etcetcetc

this is true, and when you finally have bitcoins everything starts to be super easy Smiley

Until you decide that you want to change them back into fiat ....
Nah, it's super easy in this regard. If you shop around, you can easily find places/people that would actually pay a premium for your coins.
1697  Other / Beginners & Help / Re: I'll give you 1 Bitcoin for 12,000 Ripples on: May 07, 2013, 04:03:48 PM
What's the market rate like now, I'm curious to compare with the last time I checked.

According to the ticker on the ripple client for Bitstamp, 1 BTC are currently trading for as below:

Code:
Bid = 7,698.99 Ask = 7,900.00 Spread = 201.00 Last price = 7,699.00
1698  Economy / Auctions / Re: Single ASICMINER Blade Auction - 48 Hours - Ships immediately on: May 07, 2013, 04:02:09 PM
This part of the site is called auction.

OP established a finish time and also put a counter. (If it was ebay, i would have won).

OP did not try to contact me, i even sent him a message right after the end of the auction to contact me for details, which he did not.

This part of the forum does not let you edit your posts, the happens for a reason.

If he was not happy with the price, he should have put a reserve price.

If a person is willing to do this type of moves because of one or half btc for sure is not one i want to deal with.


I hope that at least one moderator gives a word about this, if not i dont know why there is a auction section if the people that put the auction up does not follow there own rules..


If i had won and did not pay for sure someone will come and call me a scammer and whatnot, what he did was the same from a sellers perspective.






Although Maged gave his view above, I would agree with you that this is a form of bad business practice to be renegading against one's own words here, especially when I had first hand experience of dealing with auctions here (I was the auctioneer for the AM blades). This is an auction for a reason - the seller is expected to fulfill his end of the contract here. I wouldn't blame you if you posted a thread about this in the scam accusation subforum to warn others about this.
1699  Economy / Service Discussion / Re: Suspicious things happen when I try to go to Mt. Gox on: May 07, 2013, 03:42:20 PM
Change your passwords ASAP. You probably got phished already.
1700  Economy / Goods / Re: FOR SALE: Early Batch #2 AVALON! 48hr Auction [ENDS 09/05/2013 12:00pm GMT] on: May 07, 2013, 02:48:08 PM
Well, I confirm that it's impossible to get Avalon to change the shipping address. It's stated by them clearly.  Sad
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