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461  Bitcoin / Mining speculation / Re: Estimated long-term costs of owning and running different ASICs on: June 17, 2013, 04:35:36 AM
Is there a thread where people discuss how dumb move was to fund BFL and Avalon?
462  Local / Economia & Mercado / Re: Comprar app pro Iphone com BTC on: June 17, 2013, 03:29:35 AM
Se ha maneiras mais seguras, entao, que seja feita a vossa vontade!
463  Bitcoin / Hardware / Re: My new toy. 1x Block Erupter Blade on: June 17, 2013, 03:28:08 AM
This is a lesson to all of us.

As for me, Ill make sure my son gets one good looking quantum ASIC in the future.
464  Economy / Currency exchange / Re: Selling BTC [Profit For You!] on: June 17, 2013, 02:34:24 AM
this is dangerous!

I sent MP and the seller tried to rush me into paying!? pay fast, pay fast...not right at all.
465  Economy / Computer hardware / Re: [WTB] Bitfury asic 120 gh/s Batch 1 on: June 17, 2013, 02:22:28 AM
stop buying asic, build your own asic if you can.
466  Local / Criptomoedas Alternativas / Re: e esse tal de ripple? on: June 17, 2013, 02:20:24 AM
 Os caras mentiram desde o comeco, nao lancaram o codigo fonte do projeto, disseram que XRP nao seria usado como moeda mas convenientemente reservaram milhoes delas pra se aproveitarem do que esta acontecendo.

Fiquem longe do Ripple!
467  Local / Economia & Mercado / Re: Comprar app pro Iphone com BTC on: June 17, 2013, 02:08:16 AM
Quem ajudar vai ter que efetuar a compra cedendo dados do cartao que talvez serao gravados e vinculados ao cadastro da tal pessoa.

Meio arriscado!
468  Local / Português (Portuguese) / Re: #BrasilAcordou (OFF TOPIC) on: June 17, 2013, 02:06:15 AM
Um destaque para a vaia que a Dilma e o blatter levaram...

http://www.youtube.com/watch?v=hINpbsgpEL0
469  Bitcoin / Hardware / Re: Avalon batch [2] countdown! on: June 17, 2013, 01:45:01 AM
I'm pretty sure they're sending out in order of the size of a hash of the transaction hashes. No one would just use dice, I mean what are you guys thinking?

Chinese loves dices.

http://www.my-new-chinese-love.com/liars-dice.html
470  Economy / Goods / Re: [28/24] Grilled Cat Identity silkscreened t-shirts! $10+S&H on: June 16, 2013, 04:49:09 PM
Any tracking number available?
471  Economy / Speculation / Re: Difficulty increase, 25% fewer coins being mined in a few hours on: June 16, 2013, 04:45:06 PM
Don't follow the logic.  Increase difficulty does not mean fewer coins mined.

I think OP meant was, with this ever rising trend miners will get fewer coins if they dont constantly expand their farm every 2016 blocks, if you realize very few players can afford to do that, then what he says its true.
472  Economy / Currency exchange / Re: Selling BTC [Profit For You!] on: June 16, 2013, 04:30:49 PM
I can buy but you must send first.
473  Economy / Goods / Re: Limited edition, hand-drawn design, digitally printed #IamSatoshi T-shirts. on: June 16, 2013, 03:15:32 PM
Happy to send you one as well  Smiley

If no one is satoshi, everyone can be satoshi, I want to be Satoshi.

Wait? Send me?
You can send me the first or third one then. Grin
474  Economy / Goods / Re: Limited edition, hand-drawn design, digitally printed #IamSatoshi T-shirts. on: June 16, 2013, 03:05:05 PM
I had this idea and then I searched, uh, the shirt alread exists and its awesome!

Ill buy someday, where do you ship these from?
475  Economy / Reputation / rudrigorc2 rep thread on: June 16, 2013, 12:25:27 PM
Hello people from the bitcoin land,

here is one open space to anyone who has something to say about me, my conduct in this forum and/or my business practices.
Today I'm also making public my GPG key, so from now on, Ill be signing any messages containing sensible data, addresses and such.

I'm sending out invitations via PM to everyone I had transactions with.

Thank you.

<----

If you have 5 minutes you can also rate me at bitcoin-otc and here at the forum's new trust tool.
476  Bitcoin / Hardware / Re: Avalon batch [3] countdown! on: June 16, 2013, 09:15:38 AM

The difficulty will be higher after B2 completes and all of us get our B3s (~100THs).  Then there are the avalon chip sales following 4 to 8 weeks from now (200THs).

Current network hash power is around 120TH/s.  So.. we are looking at 2x difficulty with shipment of B2 and B3 ~ 240TH/s (Difficulty ~32M)... and then doubling again with Avalon chip sales not too long after ~480TH/s (difficulty 64M).

This is ignoring all of the competitors who won't be sitting still (like Asic Miner and bitfury).

I am hopeful that if difficulty can stay under 100M+ for 4 months, then our Batch3s can break even in 6 or 7 months. At 100M difficulty, an overclocked 4module B3  (~97GH/s) should return around .5 BTC a day.

I am not complaining... just stating facts as they have been communicated.
Using todays difficulty projections for our batch is misleading at best.

Thanks for the analysis.

From that I gather that the price for a not-yet delivered Avalon batch 3 machine is dropping pretty quickly.  This is doubly true for those other guys who are struggling to deliver product.

The question I ponder is what is the "floor" price for a mining rig?  Is it breaking even in 6 months or 2 years?  The build cost of a mining rig be low enough to support a reasonable break even point?


Great analysis. On top of that if we want to continue mining we need capital to keep investing in new appliances. If BTC doesn't go up and actually falls, I believe the dream will be over for a lot of miners. No one at this point should expect to live off of mining. It has to be a secondary source of income at best. Right now mining is a huge risk. We want to generate as much BTC/day as possible but so is everybody else which makes the difficulty increase faster and faster. It is self-defeating! I am investing large for my average budget and already feel a rope around my neck.

J/

look the most successful asic thing: its funded and managed by its owners. we live in an era of crowfunding stuff and that project been proved its effectiveness in mining area too, and yet most of us funded the asic sellers that makes us wait so much in the dust, we became merely costumers with no rights again, the salvation became a trap. I would say asic sellers hostages while they rush to flood the market with power.

we had a choice, but we were never we in this bitcoin stuff. just look at the guys cheering getting 3 units while people are still waiting for one, look at the guys cheering receiving order first than they sould receive. look at the guys rushing to sell the thing. is this protecting the network? which network?
its clear now only few people cares about the project and the changes it will yet bring. only a quick profit. but thats good to see how easy are people when then face the green bill. a show of mismanagement and disrespect going on here. the sad thing it is still everyman for himself in this thing, and like this we will always sucumb to the exploiters. we should never had given the power away.
477  Bitcoin / Mining speculation / Re: buying asic even worth it? on: June 16, 2013, 04:55:46 AM
I think people should stop buying asics for now until they can actually have something ready to deliver with better prices
otherwise you are just funding the mining operation for those guys
478  Bitcoin / Mining software (miners) / Re: CGMINER ASIC FPGA GPU overc monit fanspd RPC linux/win/osx/mip/r-pi 3.2.1 on: June 16, 2013, 04:45:58 AM
the host is a 703N router

Im following the http://ck.kolivas.org/apps/cgminer/README and after running  cgminer -n  I get this:

Code:
 [2013-06-16 04:33:14] USB all: found 27 devices - listing known devices
.USB dev 0: Bus 1 Device 27 ID: 0403:6001
  Manufacturer: 'FTDI'
  Product: 'FT232R USB UART'                    
 [2013-06-16 04:33:14] 1 known USB devices

running cgminer:

Code:
[[2013-06-16 04:46:58] Started cgminer 3.2.1                    
 [2013-06-16 04:46:58] SEM: avalon USB failed to get (98307) '/tmp/cgminer-usb-1-27' - device in use                    
 [2013-06-16 04:46:58] No devices detected!                    
 [2013-06-16 04:46:58] Waiting for USB hotplug devices or press q to quit                    
 [2013-06-16 04:46:58] Probing for an alive pool                    
^C [2013-06-16 04:46:59] Shutdown signal received.



Im want a way to avoid searching for the avalon device, seems cgminer finds the usb devices but cant mine

so tried cgminer --usb AVA:0
cgminer stops looking for an avalon; now I need it to recognize the fpgas

--usb AVA:0,ICA:5

 [2013-06-16 04:51:39] Started cgminer 3.2.1                  
 [2013-06-16 04:51:39] Invalid --usb DRV:limit - unknown DRV='ICA'            
479  Economy / Marketplace / Re: WTS 71 Gh/s Avalon Unit in hand - overnight shipping on: June 16, 2013, 02:20:15 AM
is this really in USA? that is a  rack easily found in China, here at home I have one of that
no, those are generic aluminum industrial racks.

no what  Huh
480  Local / Português (Portuguese) / Re: Bitcoin: aspectos jurídicos on: June 16, 2013, 02:16:28 AM
eu fiz um inventário inteiro sozinho (tive um contato com OAB, que assinou).
se vc sabe ler, não precisa de advogado

 Huh

leia novamente o primeiro post vc vai perceber que a intencao do cara eh uma das mais interessantes ja postadas aqui

o bitcoin eh um experimento inedito e cheio de inovacoes que juntas vao causar uma turbulencia em varios campos do conhecimento, um pesquisador eh sempre bem vindo.
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