This is simply bizzare...

The facts of the matter as I understand it (correct me if I understood something incorrectly):

1. Bitmole hires KeyserSoze to do some design job with a promise to pay for the service 1 BTC.
2. KeyserSoze does the job and delivers IP (intelectual property) to Bitmole.
3. Bitmole fails to pay on the spot, because as he stated he failed to obtain bitcoins for some reason
4. Bitmole promised to make the payment "soon"
5. KeyserSoze publicly claims that Bitmole is s scammer
6. Bitmole states that KeyserSoze has published libel without good faith attempt to resolve the issue privately
7. Bitmole states that he will not pay now, once things went so sour
8. KeyserSoze releases (Bitmole's now) IP into public domain (and as such either irrevocable terminates the contract with Bitmole or infringes his copyright, probably the later)
9. Theymos or some other moderator or OP labels a bunch of threads with [SCAM] tag and assign a scammer status to Bitmole
10. Theymos blackmails Bitmole into paying 1 BTC
11. Bitmole succumbs to blackmail (even though he potentially has no clean IP anymore).

The questions I have to involved parties are:

KeyserSoze, for how long the payment was delayed before you publicly accused Bitmole of being a scammer and before you release his IP into public domain? What are your damages from this delay?

For all of you: Are you all completely insane? All this bizzare stuff over insignificant delay in payment! Let me break it to you, in the real world payments get paid a bit or more than a bit late all the time! This is very rarely good reason to terminate a contract or call anyone a scammer. Many of my customers pay a bit late. I pay my bills almost habitually a few days late, so are many many other people and businesses. This is not the end of the world!

you could simply make/change freebsd port

Interesting offer. I with you the best of luck with it.

BTW it probably could qualify for US investment/business class immigration VISA.

Should something like this be offered in Vancouver, BC I might be very interested, but I prefer to stear clear of "land of the free" these days.

.. playing devils advocate here...

ok let's say we are talking about US jurisdiction (BTW details now will vary depending on state). Still a party alleging libel would only need to show that:

1. A statement was published and read by someone (easy)
2. A statement was damaging (not too difficult)
3. A statement was not truthful. (depends on the case)

I only tldr;ed bitmoles thread which could be used as an example. Basically he would just need to convince a court that delaying payment for some time is not equivalent of being a scammer. Than customer has published allegedly libellous statements and bitmole did not pay after that since he had a legal case and reasonable claim to do a "set off" i.e. that having a disagreement with a customer is not necessary a fraud.

I do not know if any of this is what happened, or who is right and who is wrong there (did not ever read much of that thread).

My point is that by taking sides in conflicts like that site administration is taking unnecessary legal risks. However good you are, sooner or later some mistakes will be made. Now let's imagine for a moment that in a year or two one bitcoin worth 1k£. Then lawsuits will fly and lawyers will have a field day at your expense.

In the end of the day, operator of the website is the one who makes the decision. I just advise some caution here (and not taking legal advise from BBC's articles or myself for this matter).

IANAL anyway.

You are wrong. The party accused of libel would have to prove that he is a scammer. Proof of truthfulness of a  statement is a great defence in a libel case. However burden of proof lies with the party which is accused of libel. This of course varies in details depending on jurisdiction but generally this is the case. Libel litigation is quite a can of worms and due to general bias in favour claimants/plaintiffs and difficulty of defending such cases there are plenty of legal sharks doing libel cases pro bono.

Moreover, a simple letter to host's ISP with libel accusation will promptly generate some action which would force either prompt removal of allegedly libelling statement from a website or it's shut-down (ISPs generally have a better grasp on relevant law than "he'd need to prove that he has never scammed someone in his life").

I personally would chose to stay away from all this and keep neutral position in all those disputes. Much safer that way.

theymos, I do not think this scammer mark is such a good idea. This makes operators of the forum VERY vulnerable to real world libel lawsuits. I strongly suggest to reconsider this practice. Better stay away from this.

Well... my play is to try to sell as few bitcoins as I possibly can, your mileage may vary.

hmmm....seems like using 16x slot and riser would be a viable solution.

It seems that the best bet now is to get one month long vacation and return some time in late august.

Stopped reading right there.

bcpokey, fair comment.

The deal is not set in stone, I am quite happy to lease out smaller amounts than 50 Ghps, particularly when taken for longer periods of time (so that I do not have to switch small amounts here and there every 5 minutes).

The problem could be when someone bids higher amount for the service and in this case capacity will go to the higher bidder and I will not be able to renew at old prices.

I am still developing the service both on software and business side, hence everything is negotiable.

It seems Joe Blogg's comment there
has more substance than the article, or should I say it is less inacurate  


and "regurgitating someone else's crap" is rather well put  

.

It is difficult these days to start a new pool. There is no reason to join a new pool if it does not at least solves a block or two per day even if otherwise the terms offered are more than reasonable.

I have about 50-100 Ghps hashing capacity which I can deploy to any pool. Should you wish to get some kickstart for your new pool I can help you.

The starting price is very modest 10%. However, it is a subject to competitive bidding and depending on market conditions could me much higher at times.

Once the service is booked and final price is set, this is how it works.

1. You send me some bitcoins as deposit.

2. I point up to 100 Ghps to your pool (subject to availability and agreed on case by case basis).

3. For every valid share I submit your deposit is reduced by fair per share price + 10% + (% of your pool inefficiency - 1%)

Once your deposit is fully repaid by submitted shares the service stops.

If anyone is interested in principle, please PM me with questions or bids.


Availability: most available capacity is booked.

[This post is often edited]

and my favourite is erlang , though in the end it all boils down to 3 logical operations, so, who cares...

daahhh. thank you for explaining this to me.. I was just about to wire them 100k£ ...

I am quite sure that there are companies based in Malaysia somewhere and offering their wares on alibaba. These companies claim to have thousands of 5970 cards in stock and ready to sell them for as little as 100$ a pop. Though, it's wire transfer or western union only.

I am sure that if you negotiate hard enough they can get more cards and they will sell it to you even at lower price. Surely at those kind of prices prices 1Thps rig may sound plausible. I hope you hear from them after money are sent.

If one would like to do real damage to bitcoin, one should rent like 100 Ghps worth of hashing power and instruct the provider to send results to a 'sink' wallet. I am standing by...  just let me know if you wanna do this.

some pictures from my DC's

power cables in DC3:


DC1 shelf:



some GPU's which arrived in June:


some more GPU's in DC3 before being deployed (turned out that there are only so many cards are available and in stock at reasonable prices in UK):


Some fans, (5870 is for size reference), 3 of those are now doing exhaust in DC3:

reserved