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861  Economy / Services / Re: Gigamining / Teramining on: June 20, 2012, 08:52:38 PM
They don't do free trades. You have to spend more money.
862  Economy / Computer hardware / Re: Fielding offers for 5xBFL Singles. on: June 20, 2012, 08:48:28 PM
475 Btc and I'll cover shipping.
863  Other / Off-topic / Re: Let's Count to 21 Million with Images on: June 20, 2012, 07:58:54 PM
864  Other / Off-topic / Re: I'mmmm Backkkk :) on: June 20, 2012, 07:27:49 PM
What is your response to this?

https://bitcointalk.org/index.php?topic=65989.msg788813#msg788813


According to that post, you owe even more money.
865  Economy / Computer hardware / Re: Selling my 30 spots in line for my bfl singles that I have ordered. on: June 20, 2012, 05:41:20 AM
600?it's the same amont you purchased from BFL,
and you have to pay the shipping cost as well,
why not just cancel the order.

Because if you pay with btc, you can't just cancel the order.

Because they have Bit-Pay configured to convert to USD immediately...

Aye.
866  Economy / Computer hardware / Re: Selling my 30 spots in line for my bfl singles that I have ordered. on: June 20, 2012, 04:33:31 AM
600?it's the same amont you purchased from BFL,
and you have to pay the shipping cost as well,
why not just cancel the order.

Because if you pay with btc, you can't just cancel the order.
867  Bitcoin / Hardware / Re: BitForce SC - full custom ASIC on: June 20, 2012, 03:50:18 AM
I just realized something after I typed that and left for the evening.

This trade in offer as we think we currently understand it will be even more influential on the bitcoin network.  Because now, we can pretty much garuntee that atleast everyone with singles will be getting 2x that dollar amount in hash power. So for every 850MH in the wild now, a trade in deal would add roughly 28GH worth of mining power to the net. $600 trade in + $600 new purchase as required would = $1200 worth of Jalepenos @ 3.5GH each and $149. Or 8x units x 3.5GH = 28GH, for the math impaired. ;p  And wouldn't anyone be dumb not to take advantage of the trade in deal?

Runs off to tally total number of (singles in wild now) * (28GH)

If everyone upgrades at roughly the same rate, then everyone will continue to earn at exactly the same rate now, just with lower electricity costs.  You will be paying more to earn the same.
868  Bitcoin / Bitcoin Discussion / Re: What will happen when the 21M bitcoin will be minned on: June 20, 2012, 03:36:38 AM
the 21 million bitcoin will be mined in 15 years... I will be certainly not dead. Well I hope so!

You might want to recalculate that.  Technically we will never reach 21 million coins but it will be a lot longer than 15 years before the subsidy goes to zero.

Stupid roundoff error.
869  Other / Off-topic / Re: BFL Trade-Up Program - I have seen the light ! on: June 20, 2012, 03:34:28 AM
You were right, I was wrong.  Wink

Bravo!  I had to post one of these earlier tonight.  Its a shame more people don't.

I was a FOOL to truly believe that every current owner would have to pay BFL 2x just to stay current/competitive once ASICs hit....

I should have used the same fucked up business sense that everyone else did.

I wasn't being sarcastic.
870  Bitcoin / Hardware / Re: BitForce SC - full custom ASIC on: June 20, 2012, 03:00:01 AM
Quote
I understand how you are confused. This whole thing has not been explained in detail. If it were a straight trade of old equipment for new our business would fold in a week. Here's how it works: if you buy $599 worth of BFL product--say 4 Jalapenos, you are eligible to send in a Single to exchange for 4 more Jalapenos. You must buy something to be eligible to trade something of equal value. And you don't have to send in your old equipment when you pay for the new--you send it in when you are notified that your ASIC equipment is ready to ship. Does this make sense to you?

Jody

So pretty much what we were guesstimating.. you gotta double down.

You guys were all correct. I only wish I could have seen the LOGIC in it all sooner...  Roll Eyes

Don't troll me, I agreed with you back then.  Go back to your stroketastic locked thread from earlier.. I even gave you kudos.
871  Other / Off-topic / Re: BFL Trade-Up Program - I have seen the light ! on: June 20, 2012, 02:58:15 AM
You were right, I was wrong.  Wink

Bravo!  I had to post one of these earlier tonight.  Its a shame more people don't.
872  Bitcoin / Hardware / Re: BitForce SC - full custom ASIC on: June 20, 2012, 02:54:12 AM
Quote
I understand how you are confused. This whole thing has not been explained in detail. If it were a straight trade of old equipment for new our business would fold in a week. Here's how it works: if you buy $599 worth of BFL product--say 4 Jalapenos, you are eligible to send in a Single to exchange for 4 more Jalapenos. You must buy something to be eligible to trade something of equal value. And you don't have to send in your old equipment when you pay for the new--you send it in when you are notified that your ASIC equipment is ready to ship. Does this make sense to you?

Jody

So pretty much what we were guesstimating.. you gotta double down.
873  Other / Meta / Re: Get Donator status by donating 10 BTC on: June 20, 2012, 02:11:31 AM
(btw theymos does not love me either but I'm now too scared to say anything)  Wink

:/ Looks like I somehow forgot to post about a few VIP donators. Thanks to VIP donators Brian DeLoach, Canaca, and Goat.

Scammer!  Who do we talk to to get him banned? Wink
874  Economy / Long-term offers / Re: Bitcoin Savings and Trust on: June 20, 2012, 01:16:21 AM
+1 waltmarkers! Definitely one of the soundest theories I've seen floated around here.

Ponzi isn't sound?
875  Economy / Computer hardware / Re: Selling my 30 spots in line for my bfl singles that I have ordered. on: June 20, 2012, 01:14:22 AM
Just to be doubly sure, you're selling the actual units, and not just the spot in line, correct? For a package buyer you just want your money back?

He doesn't have the units yet.  You get the units when he gets the units.
876  Bitcoin / Hardware / Re: BitForce SC - full custom ASIC on: June 20, 2012, 01:12:53 AM

I am about to order the 25GH/s mini rig ..


You should order 2 of them, that way you can send them both back and trade them straight across for a NEW ASIC Mini-Rig once they are released.

Spend $30,000 NOW, mine @ 50 GH/s.....then in October, you can send them both back and BFL will send you 1 brand new $30,000 ASIC Mini-Rig that will hash @ 1 TH/s.
Remember, they are offering a 100% value towards new equipment. Take advantage of it while you can.

Win-Win for everyone ! Why wait ? just spend the $30k NOW and guarantee your place in line when the ASIC Rigs are released.

Assuming 1:1
877  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 20, 2012, 01:09:56 AM
I was working for Bitcoinica and I was specially assigned the right and the responsibility to deal with these records. There's no instruction so far from Bitcoinica LP, so I should continue the responsibility. It seems that Bitcoinca Consultancy is more like the 3rd party here because the handover happens after AML requirements.

It's illegal for me to pass the documents to anyone else without informing the public. And it depends on Bitcoinica LP regarding how to deal with these documents. If there's no instruction nothing will happen.

If you were working for Bitcoinica as an employee, they own the data and you shouldn't still have a copy.  If you were working for Bitcoinica as a contractor, you're a third party and notification should have been given.
878  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 20, 2012, 12:43:45 AM
Well the scenario is this in massive diff increase of 4x in the ~3.5 days it takes to happen you have 28,800 coins a day being produced for that time period if that massive increase is actually an 8x times in disguise as the diff cannot rise that much, then 57,600 coins a day in the first 1.75 and 14,400 in the remaining time until next diff change is being produced as that second 4x is in actuality a 2x new diff so 7 days for that.

Quit talking about the number of days for it to go up.. if the amount of hash goes up by an 8 fold and blocks are being found 8x as fast, diff will rise at a rate of 4x per 2016 blocks until it is caught up.  So if normal diff is 14 days, then 8x is just under 2 days.  Not 7.  You lack certain understandings of the fundamentals and its affecting any sort of estimation or predictions you make.

And you lack reading comprehension I say plainly that 8x is 1.75 days and 4x is 3.5.

You're right. I misread, my apologies.
879  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 20, 2012, 12:34:52 AM
Well the scenario is this in massive diff increase of 4x in the ~3.5 days it takes to happen you have 28,800 coins a day being produced for that time period if that massive increase is actually an 8x times in disguise as the diff cannot rise that much, then 57,600 coins a day in the first 3.5 and 14,400 in the remaining time until next diff change is being produced as that second 4x is in actuality a 2x new diff so 7 days for that.

Quit talking about the number of days for it to go up.. if the amount of hash goes up by an 8 fold and blocks are being found 8x as fast, diff will rise at a rate of 4x per 2016 blocks until it is caught up.  So if normal diff is 14 days, then 8x is just under 2 days.  Not 7.  You lack certain understandings of the fundamentals and its affecting any sort of estimation or predictions you make.
880  Bitcoin / Hardware / Re: Introducing the ModMiner Quad 840Mhash @ 40 Watts http://www.BTCFPGA.com on: June 20, 2012, 12:28:30 AM
the new firmware + the special 2.4.2 cgminer that was linked to earlier has got me hashing on 3 out of 4 daughter cards.  The engineer is working on the software so I'm confident the 4th will be mining soon.
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