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CLoud mining...cloud mining... wasn't Lando Calrissian into that?
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If it adds up now, he must have purchased to fix it after his announcement. So let me get this straight: Ukyo was fractioning his AM shares, got margin called (or however you want to put it), had to buy the shares at market, and now is MIA? How many shares are we talking about here? Really quite frightening that he is still MIA. People are understandably freaking out a bit. And then there was only one (Havelock). |
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Don't worry. Eventually bitcoin will be worth enough that the massive bribes necessary for easing regulation on the commodity will be affordable by the new, future exchanges.
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Gen-3 chips are already under research, and a lab is already founded and the researcher candidates are decided already, all according to the second latest update. But that's far far away in the bitcoin time scale. Even everything goes smoothly and the gen-3 chips are successfully designed in time, it takes at least 2 months for design and testing and 2 months for producing testing chips and another 2 months for mass production. So we are very lucky if we can benefit from Gen-3 chips in March 2014.
Meanwhile, the Gen-1 chips can be sold $20/G on Oct, $10/G on Nov, $5/G on Dec. It will become not profitable at all in next year. So if the current 500TH are sold well, then at best there're another 500TH to be sold this year. If not, then these 500TH is the last batch of Gen-1 Chips.
Without Gen-2 Chips, AM can do nothing for at least 3 months (Jan 2014 - March 2014) except mining with the current 200TH (less than 0.5% then). That's the reason I said AM has to turn into a non-mining company (providing board producing, cooling solution, and deploy service as friedcat said in his post before) if they don't order Gen2 Chips immediately.
All good points and info, thanks. |
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There are more choices to buy mining hardwares
Unless it's non-exploding hardware. In long term, gen2 chips cannot be postponed any more, or AM has to be converted to non-mining company totally. If currently the design and testing of gen2 has been finished, then there's no reason not to mass produce it. Even they are not sold well, self mining with them are still profitable. Suppose the watt/G reduce to 1/3 of gen-1, the self-mining capacity can increase to 300TH (from current 100TH), with the same power supply limit. I think what you said makes a lot of sense and I agree with it. But additionally, I would also consider another possibility that if the price per GH is right (or cheapest), for those who at least live in countries with very cheap power, then you could imagine a scenario where Asicminer's chips, even though older gen and using much more power, still may be the most attractive option for some long-scale and hobbyist miners. Sure the watt/G is hugely important... but as well, price per gh is also paramount. Maybe I'm confusing things, but just saying, it is conceivable to me to have a successful product of 130nm asic miners if the make up for their shortcomings in selling price. Finally, rushing to market with a gen 2 at this point -- if you have a proven gen 1 product that you can economically produce and sell -- may not be the best plan. Instead, getting a lab set up, and hire some smart-folk, and making a great 2nd gen chip instead of late-coming average gen 2 chip would be a better alternative. |
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Sure go for it man, sounds like a good idea, best get started on that right away.
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IF ANYBODY CAN HELP ME OUT, BECAUSE I CANT FIND AN AVENUE TO GET IN TOUCH WITH BITFUNDER
For some reason bitfunder automatically resets my 2-Factor keys at random. I signed in to my account today and it told me to enable 2 factor. this isnt the first time its happened so I just created a new key and loaded it on my phone. no less than 10 minutes later it had told me to enable 2 factor AGAIN. I did and that worked until just now when I was signed in, bitfunder signed me out automatically and now my 2 factor key has been changed AGAIN and im locked out.
Unfortunately, hate to break it to you, but read this happening to a few people in a few different threads. It's bugged and does this to some people some times. it really boned one guy in particular I recall reading, he had is account locked and can't unlock and had to move a bunch of share.s |
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What's Mastercoin? Excuse my ignorance... with the over 100 scam coins out it's easy to lose track of every new coin.
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Wow, worst divend in a long time? 0.05832576
Here comes the flood of the price going down......... Perhaps...Someone just put 112 shares up for sale on Havelock. .. |
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Dividends coming today?
Yes, just like every other Wednesday. I don't think Asicminer ever missed one. |
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Hey guys.. just wanted to let you know that there are two initiatives that I know of with similar goals under way. open transactions http://opentransactions.org/wiki/index.php?title=Main_Page& especially bitcoinx http://www.bitcoinx.org/I'm sure they could use your help or at least promotion if you want to see them succeed (like myself, I think a decentralized security exchange is the way to go forward and avoid the entities which all ready have a monopoly control over most of the financial system.) |
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What's needed is a p2p exchange. Some folks are working on this, hoping their hard work will come to fruition. edit: found bitcoinx project, gives me hope ; http://www.bitcoinx.org/ |
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Oh just was wondering if anyone is down for some idle speculation.
I find it a little to coincidental that SR, BTC-TC, Bitfunder, were shut down, and Bitcointalk hacked, all in a really short span of time.
It might be coincidence. But possibly could also see the timing of these events as a calculated (or at least convenient) effort to really hurting Bitcoin by having these events happen so close to one another.
If it was an effort to do so, it failed I think (those caused a lot of grief and havoc, especially for US citizens on those two exchanges)... but is a bad sign. Bitcoin would be fine without the US but of course it would hamper it's adoption at least significantly if the American gov' was very hostile to it.
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Ya hopefully Avalon is done now. There is just better options.
I feel for you guys, Avalon boned so many customers. I was in the 2/3 months late batch 3 avalons and though I'll probably never break even I feel lucky that it was even shipped....hopefully those days are all done now that there are much more reliable options on the mark (or soon on the market).
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They haven't been transferred yet (waiting myself).
I think it may be done on the 10th, read that some palce I think.
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BTCT.CO is closed in this moment. I have in some BTC, could I retake them?, I didn't know that the market would stopped today.
Trading has stopped but site will be back up and you can transfer your btc out, until the 30th. |
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Oh okay. Thanks for the update T.as.T.
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Did I miss something? I didn't expect the price to rise these days to be honest.
No you did not, people are just randomly clicking buttons like they always do  I actually though the price will go down even more as KNC is shipping massive amounts of miners right now Oh I thought it was because there is supposed to be a new product released today, wasn't there? too lazy to search the thread but wasn't there a timeline given with Oct 7 being the day of a product update from friedcat? Then you have the whole matter of 500 TH of blades coming on this month and it's not too surprising that the price went up at least a little bit. |
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yay finally back online! Anyway I'm thinking about going to Havelock, seems like a good, reliable option... Great, good to see bitcointalk back up for sure. I've been using Havelock recently, and I like how it is laid out. I'm still waiting for all my shares to be transferred from btc tc though, hopefully that'll be coming up soon... |
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Uh, no.
Bitcoin is not a house of cards. It is a more valid currency than USD in many respects.
Will the price take hit? Ya for sure, Silk Road is huge. But this isn't exactly the end of Bitcoin, that's retarded.
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