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321  Bitcoin / Mining speculation / Re: Antminer S3 - Profit is Impossible on: July 03, 2014, 01:36:21 AM
That....doesn't make sense.  478Gh/s at 360 watts is either profitable for you or it isn't.    Having other devices mining as well doesn't contribute to the ROI of THIS device anymore than finding a hundred dollar bill laying on the ground does.
322  Economy / Auctions / Re: KNC Miner Neptune 3,100 GHS + [In HAND!!] on: July 02, 2014, 11:37:36 PM
Okay so is this an auction or are you just looking for offers? 
323  Alternate cryptocurrencies / Mining (Altcoins) / Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! on: July 02, 2014, 09:01:11 PM
As mentioned before, a bigger problem is the LTC price. http://www.coindesk.com/litecoin-price-decouples-bitcoin-slump-continues/

A snippet:

The biggest problem is the sheer lack of money in litecoin and that other popular alternative cryptocurrency dogecoin.

The combined market cap of the two most popular scrypt altcoins is about $250m, yet KnCMiner was hoping to sell 2,500 Titan miners at $10,000 apiece – and that’s just the first batch of such miners, from a single company.

In other words, if it shipped today, a single batch of KnC’s scrypt miners would cost $25m – roughly 10% of the combined market cap of litecoin and dogecoin.

A glance at those figures reveals that this level of investment in scrypt mining hardware will be hard to justify and maintain in the long run.

Additionally, the added hashing power these miners will bring is likely to further impact prices of scrypt-based altcoins in the near future.


I dunno, I think the biggest issue with this company is still the fact that they took your money and didn't deliver a product (and looks like they never will).  Why do you defend this company so much?  Seriously you have defended their every move all the way down, and now, when it is obvious to even the most hard core shills that no product is ever going to get delivered, your attitude seems to be, well it doesn't matter, the product wasn't going to be profitable anyway.  As if that somehow excused their behavior.
With that said, you are correct about their return, or lack thereof.  As near as my estimations can tell, you could have the 250Mh/s device delivered TODAY and it will never pay for itself. 
324  Bitcoin / Mining / Re: "I am in batch 1 and I am screwed by knc." on: July 02, 2014, 04:12:53 PM
If they run into similar problems with Titan this might be the end of their journey. There are already competitors with cheaper hardware.

I expect Titan to be fine; as I understand it the original KnC team moved from 28nm BTC rigs to 28nm LTC rigs and the noobs moved in to screw us on Neptune.

People who pre-order Titan will have trouble getting back their investment.

if you have 200MH/s today, you'd be mining 5BTC per month.

Yea, but a month ago it would have been 12BTC.  A month before that, it would have been 30BTC.  It's halving every month, on a daily basis (meaning for instance, two weeks from now you will no longer be on pace to make 5BTC for that first month).  In reality, if the trends from the past 6+ months hold steady, if you had 200 Mh/s today, in one month you would earn about 4.5BTC.  But in two months you will have earned only 7, and in three months you will have earned only 8.25, and in four months you will have earned only 9.  It isn't worth calculating after that as the gains are nonexistent.  Obviously these numbers are not exact but the trend for the past 6 months is remarkably steady so there is little reason to think it will suddenly change, unless you think SCRYPT coins in general are going to suddenly skyrocket in value vs BTC. 
Now when you consider that you won't be getting 200Mh/s today, but rather several months from now, it is easy to see that his statement "people who pre-order Titan will have trouble getting back their investment" is a huge understatement. 
Naturally though, KNC will get their units 1-2 months before their customers, and they will pay cost for the units, so they will make a substantial profit. 
325  Bitcoin / Mining / Re: FREE Electricity Monitoring AFTER $200 purchase on: July 02, 2014, 03:47:29 PM
You mean like the power meter that is already installed for free?  (legit for free, not bullshit free after you pay for it)
326  Economy / Computer hardware / Re: Selling Bitmine.ch 600gh Miner on: July 02, 2014, 02:13:20 PM
Exactly how much electricity does this draw from the wall at 571Gh/s?
327  Economy / Computer hardware / Re: [WTS] $7000!!!! Innosilicon A2 Terminator 86 MH/s - 90 MH/s Cheapest Around on: July 02, 2014, 08:16:58 AM
Well if you can get someone to give you 7000 dollars for a device that generates 50 dollars a day and dropping rapidly every 3 days, more power to you.  I wish I was that good a salesman!  Good luck with the sale Smiley

If you forget about FIAT values of Bitcoin and look at it like this

Right now its about 10.8 BTC
On best estimates here http://poolpicker.eu/table you will earn roughly 0.0011 per MHS per day for now
Which is about 0.1 per day @ 90MHS

With no power costs and no rise its about 108 days to mine back what you spent
Add power and rising difficulty you would be looking at 150-160days

Which is pretty much exactly the same as you would get with any other miner at the moment

If I had $7000 I would but 10.8BTC but some people like to mine

No need to make stupid offers like $2000 seem legitimate though

I'm not trying to start a debate with you in this guy's sales thread.  For one thing, I at least made an offer.  In any case though there is 0 chance this thing ever mines 7000 dollars or 10.76btc.  Yes, you're right, it makes about 0.0011 per Mh/s per day which would ROI in 108 days if difficulty did not go up.  Look at the chart you posted.  A month ago though the return was twice as much, 0.002 per.  A month before that it was 0.004-0.005.  The revenue generated by this thing whether you measure it in dollars or bitcoins is dropping 2% per day every day. 
So I'll tell you what.  If you are really that confident this thing will generate 10.76 bitcoins, but don't have the 10.76 bitcoins to purchase it, I'll wager any amount of bitcoins you DO have that it does not return 7000 in not 108 days or even 160 days, 180 days.  I'll let you pick any benchmark (publicly available multipool that posts its stats) and I'll let you pick any reputable escrow to hold the money.  I'll even give you 3-1 odds (3 of my bitcoins wagered for every one of yours).  Or I'll give you even money that this thing doesn't even generate half that in 180 days. 
328  Economy / Computer hardware / Re: Selling Bitmine.ch 600gh Miner on: July 02, 2014, 04:58:09 AM
I'm sure you realize if no one was willing to buy it from you for 2.3BTC a month and a half ago there is no way that price is even remotely realistic now. 
Anyways, I'll offer .5BTC, with escrow.
329  Alternate cryptocurrencies / Mining (Altcoins) / Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! on: July 01, 2014, 10:19:14 PM
Of course it isn't a business only activity.  In any case, I would bet any amount of money that the burden of proof would be on them to prove you are a business, given that they are the ones seeking the exemption from the law.

I would also bet any amount of money that the whole "we talked with a lawyer and it is legal"  thing is a bunch of bs that they are hoping to scare people with, to discourage lawsuits.  Even if by chance they did find an attorney who told them that it doesn't make it correct , that is what court cases are for after all.
330  Bitcoin / Legal / Re: BFL (Butterfly Labs) Monarch Very Late. ||Attention: Lawyers & Monarch Customers on: July 01, 2014, 07:36:28 PM
Okay you must be trolling, no one is this obtuse.  I used to wonder how BFL thought they would ever get away with this, but I guess they figured with people like you in their customer base.....


331  Alternate cryptocurrencies / Mining (Altcoins) / Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! on: July 01, 2014, 07:18:02 PM
Well thats.....certainly one way to go.
332  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitshares-PTS to double/triple in price in the next 45 days!!? on: July 01, 2014, 06:44:31 PM
How are you basing your ROI calculations on? How do these DAC generate the profit for you?

They don't.  But the bags are getting sooooooo heavy.......
333  Bitcoin / Legal / Re: BFL (Butterfly Labs) Monarch Very Late. ||Attention: Lawyers & Monarch Customers on: July 01, 2014, 06:43:24 PM
Okay I see you aren't that bright so I will use small words to make it simpler for you.

The debt collection company has no power to force payment of a debt or do anything at all to BFL until you have already gone to court and gotten a judgement against them.  BFL would have to be willing to agree they owe the money and work out a payment schedule with the debt collector.  Obviously, if BFL was willing to do that we wouldn't be having this conversation, as it would have already been done and the debt paid.  The whole point of all of this is they deny they owe anyone any money.

It would never get that far anyway because you go to the debt collector and try to hire them to collect the debt for you, the first thing they will do is ask you what proof you have of the debt.  But since you haven't gotten a judgement yet, you don't have any proof to give them. 

I know you aren't that bright but not even you are stupid enough to think if a debt collection company shows up unannounced with no judgement they are just going to hand over the cash. 
334  Bitcoin / Legal / Re: BFL (Butterfly Labs) Monarch Very Late. ||Attention: Lawyers & Monarch Customers on: July 01, 2014, 05:05:09 PM
Did you read the lawsuit?  BFL denies all allegations.  Showing up in court and saying they wouldn't pay you doesn't prove anything because BFL denies they owe the money in the first place.  That's the whole point of a lawsuit, to get a legal judgement against them which means they are court ordered to pay.  You can't do anything to them without a court order.  I don't think you know how these things work.
335  Bitcoin / Legal / Re: BFL (Butterfly Labs) Monarch Very Late. ||Attention: Lawyers & Monarch Customers on: July 01, 2014, 04:21:09 PM
lawyers only care about getting paid..

the best solution is to get debt recovery companies involved first. then get lawyers.

the reason/logic:
going to court first, may prove that BFL owes funds, but then it gets passed onto debt recovery agencies, which BFL can then just avoid answering their office doors to.

but by going the debt recovery route first (its cheaper option too initially as no retainer is asked for upfront) and if BFL hide away from paying. this can then be used in the court as evidence that BFL will not pay. making the sentence more harsh and more actions instead of debt recovery would be given.

EG, prison time, seizure of assets/whole company, stiffer fines.. rather than just a set small fine, with low/slow re-payment schedule.

do you really want to waste court time where BFL show an empty FIAT bank account AFTER a court asks them to pay a fine? or do you want to pre-empt that defense by proving they wont pay. and then get some actual positive result



You realize what you said makes no sense right?  Your argument, if I understand you correctly, is to NOT file a lawsuit, because if\when you win, BFL will just ignore the debt collectors you send to collect the debt.  Instead you suggest they go straight to debt collection, so that BFL has to ignore them, which you can then use in court to get a judgement against them, which.....you just said 2 seconds ago BFL can just avoid answering the door when the debt collectors show up.  Brilliant!


336  Economy / Computer hardware / Re: [WTS] $7000!!!! Innosilicon A2 Terminator 86 MH/s - 90 MH/s Cheapest Around on: July 01, 2014, 03:45:35 PM
Well if you can get someone to give you 7000 dollars for a device that generates 50 dollars a day and dropping rapidly every 3 days, more power to you.  I wish I was that good a salesman!  Good luck with the sale Smiley
337  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][QTL] Quatloo, A DarkWaveGravity Scrypt Coin LAUNCHED! 6/27/2014 on: July 01, 2014, 03:37:59 PM
I guess maybe I didn't explain clearly.  Let me explain it like this.

From a miner's perspective, why bother mining a coin when such huge sums of coins are "created" instantly?  It would take the typical miner YEARS to accumulate that many coins.  Even entire pools would take months to get there.  So why bother?

As for an investor, why purchase the coin when at any given instant, your investment could be drastically devalued by the dev handing out a couple hundred thousand coins?

This isn't that complicated really.  If you do things exactly the same way as every other coin is done, odds are your coin is going to end up like every other coin too.  And for scrypt that isn't too good. 

338  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][QTL] Quatloo, A DarkWaveGravity Scrypt Coin LAUNCHED! 6/27/2014 on: July 01, 2014, 08:34:02 AM
Exchange Bounty Disbursement :

50,100 QTL  : Bittrex.com
50,000 QTL  : IPOminer
70,000 QTL  : split 40,000 30,000 between 2 forum members instrumental in Quatloo's early rise.
                    jimlite
                    Tuwie2


Well I guess that's why this coin has crashed and burned so badly.  On the off chance that you intended this coin to actually turn into something other then a quick buck, you don't see a problem here?  The coin was hovering around 150 difficulty when people were still mining it; you could throw an entire Gh/s at this thing and it would take you 3 months to reach the amount of coins that you just handed out.  Whats the point of mining a coin when such vast sums are just just dumped on the market instantly like that?
339  Economy / Computer hardware / Re: [WTS] $7000!!!! Innosilicon A2 Terminator 86 MH/s - 90 MH/s Cheapest Around on: July 01, 2014, 05:22:38 AM
Well, it does around $50.00ish a day, dropping 5ish% every 3 days.  Real rough estimate, we're looking at a 90 day return of around $2000 to $2500 or so, give or take.  So, I could do I guess $1800 in BTC, and take care of shipping and escrow as well.  I realize that is quite a bit off from your.....optimistic asking price but I obviously can't justify spending over 7k on a machine that is going to generate like 2k. 
340  Alternate cryptocurrencies / Mining (Altcoins) / Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! on: July 01, 2014, 12:31:56 AM
With the exception of that two week period in November of last year, has Litecoin ever gone up?
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