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881  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] WTB--Saints Row IV (Steam GAME) on: August 21, 2013, 01:03:04 AM
Shameless bump. (:
882  Bitcoin / Group buys / [Group Buy Possibility?] XCrowd Hosted Packages on: August 21, 2013, 12:01:56 AM
So, as many of you likely know, xCrowd offers hosted mining starting at 15TH/s, for $85,000 outright, plus $5,000 per month. I don't want to run a group buy by any means, but would anyone be interested in running a groupbuy of this mining package, where people could buy, say, a minimum of 500GH/s or so, and pay one outright fee, plus a monthly fee, or one outright fee that would cover 6 or 12 months?


For one year, the total cost is around $9670/TH, including the monthly fees. To compare, at a rate of $0.16/kWh, 15TH/s buying their units and hosting them in a datacenter, assuming the only datacenter cost is electric (as $0.16 is a bit high for datacenter electricity), would cost around the same ($9750). Just a thought. Smiley
883  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] WTB--Saints Row IV Preorder (Steam GAME) on: August 20, 2013, 10:24:08 PM
Anyone? Smiley
884  Economy / Securities / Re: XPM Coin Miner [ONLY 23 remaining!!!!] XPM Computing Mining Subscriber Shares on: August 19, 2013, 04:16:31 AM
Interested in investing, but I don't want to bother with a coinbase account. Could I just pay you 4BTC, and get 8 shares for one week?

Coinbase would help in automatic billing, which makes it effortless for both parties. However, It looks like we may arrange that to happen.



Thanks for the opportunity. For public record, got 8 shares.

If this continues to be a good investment, I'll make a CoinBase account, however I wanted a low-risk way to get into this scene and wanted to avoid having to make yet another digital currency account.
885  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] WTB--Saints Row IV Preorder (Steam GAME) on: August 19, 2013, 01:58:25 AM
XMP is coming to coingas tomorrow night GMT, if you can wait till then. It was going to be on friday as I got an email requesting it.  But Monday Night GMT is unfortunately the earliest I could get to it, which sucks. It will have the same markup as BTC initially, I understand though that direct trade without markup would be preferred and wish you luck!

Unfortunately, I wanted to buy it directly since they have a bit of a markup, but if no one bites on this order (which gives them extra money, BTW, this offer is for 0.62BTC, and the game costs around $55), I might just buy from there. Smiley
886  Economy / Securities / Re: XPM Coin Miner [ONLY 23 remaining!!!!] XPM Computing Mining Subscriber Shares on: August 19, 2013, 12:37:09 AM
Interested in investing, but I don't want to bother with a coinbase account. Could I just pay you 4BTC, and get 8 shares for one week?
887  Alternate cryptocurrencies / Altcoin Discussion / [XPM] WTB--Saints Row IV (Steam GAME) [95 XPM] on: August 19, 2013, 12:30:00 AM
Hello! I like Cryptos, and I like Games. And I like buying games with cryptos.

If you want to get your hands on 95 Primecoins (the equivalent of 0.63BTC at market value, or almost $70), just gift me both Saints Row IV + the season pass. In the US, this should cost $55, as the base game is 45 and the season's pass is $10. Smiley EIf you want to sell me the game but not the season's pass, we can work out another slightly lower price.

Please note
: if your Steam account doesn't have games in it or it is really new, you will have to wait a month to gift the game. If that is the case, please do not take up this offer! Smiley

If I either know you (and like you), or you are a trusted community member, you can send first, no problem. If you have far less posts than me and little to no trade history, then please go first. I will use escrow if you are willing to pay the escrow fee.

Part of my reason doing this and paying with more than market value is to get my trading rep up, so (assuming the transaction goes well) I will give you a trade +1, and I hope you will do the same. I've done trades before, but neither parties left feedback, unfortunately. Sad
888  Bitcoin / Hardware / Re: BFL announces 28nm 600GH/S blade for $4680 on: August 18, 2013, 09:11:14 PM
The hash rate can't possibly increase by 50% per month forever. it would require exponential growth in the hash rate.

It does not have to grow exponentially forever. It only has to grow 60% per month for 12 months to make the Monarch unprofitable (per PuertoLibre's estimations)... And 12 months of 60%/mo exponential growth starting today is possible. In the past, we saw 18 months of 100%/mo growth between Jan 2010 and Jun 2011.

However nobody can tell for sure whether the Monarch is going to be profitable or not. Assuming it ships in Jan 2014, if the average growth will be less than 57-58% per month it will be profitable, if it is higher then it won't be profitable. My estimate from ASIC market research is somewhere between 40 and 60%, but nobody knows precisely.

I'd like to see what happens, how our views change, etc. when the price hits $250-$500 per BTC...

The price of BTC is irrelevant in making an investment decision between moving your capital to (1) BTC, or (2) mining equipment. This has been explained many times. If BTC gains value both choices bring more returns. If BTC loses value both choices bring less returns. The question is which one will make you end up with more BTC at the end. So the only part of the equation to take into account is how much does the mining equipment cost today (in BTC), and how much BTC it could mine in the future.



Exactly. Unless for some people buying mining hardware is the only way for them to acquire large amounts of Bitcoins, as getting money into Bitcoins is much harder than purchasing hardware in many circumstances. Smiley
889  Bitcoin / Hardware / {BFL} Why The Monarch Might Just Work on: August 18, 2013, 03:50:13 PM
At this time, there's an extreme amount of hatred towards BFL, orders that were ordered a year ago still have not arrived, etc.

I'm going to play the other end of story. I converted an order I had into a Monarch, perhaps a bit reluctantly.

Right now, they are in the tapeout process, so they are making some good progress.

The important point, however, is that this device has a few key differences from their previous product production runs. First, a large supply issue for BFL this round was the power supplies. This card doesn't need a power supply, and instead relies on a user-supplied PSU. They already have drivers made, and will likely only need to tweak their existing software to support the new architecture. They have more production employees right now than they ever had before, and they've worked through the kinks of ASIC production before, and at least have a bit of knowledge going into this second round that they were lacking when they were going into the first round.

If you have an order from 2013, it may make sense for you to upgrade. By the time those devices arrive, they may be fairly useless. Assuming a 50% growth rate per month until the end of the year, if you receive your 60GH/s ASIC in early October, it's very likely that, especially for the devices you paid $2,500 for, you will never see that money fully returned by the device. The monarch is still a wildcard, and in the event that it goes correctly, converting your current order to a Monarch, especially if you don't have to pay much extra money to cover the bridge, will likely be beneficial. However, if the monarch is late, and all the other ASIC companies like KnCMiner, HashFast, xCrowd(.co.uk), Bitfury, etc. deliver on time and in spec, then the monarch will be essentially useless.

I'm not saying to buy one, but if they actually do ship by the end of the year, you heard it here first. If they don't, just quietly forget this thread. Tongue

Edit: Not a sock puppet. I don't love BFL. I simply see it as my best option at this point, and think they might be capable of meeting my expectations. Smiley
890  Bitcoin / Hardware / Re: This is why all Gen 2 ASIC Pre-Orders are a losing bet! on: August 18, 2013, 01:22:16 AM
Forget about all the tech mumbo jumbo.  By now most ASIC manufactures can self fund since they collected plenty of money over and above their costs some on these 1st batches others straight pre-order.  Whoever isn't a total outright scam have plenty of information regarding speed of production and capacity, hash rates and power consumption, possible sales price points, wholesaler and consumer demand, btc/fiat prices they are willing to pay in relation to all the other factors, etc...  So the only reason to do pre-orders now is because they think what they are getting now will be a lot more then what they possibly can get if they simply built it and sold it as it is coming in.  And that's the nice business version.  The nasty version is they collect pre-order money build it and if it is worth more then what's collected they will sell a bunch out the back door or give out to friends and relatives first before starting to ship.  What can be a counter argument to this?

It's important to remember, though, that that there is still quite a large reason for these companies to sell their product. If I was making ASICs, and I had a device that would return 50BTC in its lifetime, I'd be more than happy to sell it for 30BTC. Why? I can make a huge inventory of them, quite likely more than I could ever run myself, and can quickly pay off the debts incurred through the production process. Sure, I would keep some for myself, but the quick returns of selling the hardware often outweigh the eventual profit margin above market value.

891  Bitcoin / Hardware / Re: BFL announces 28nm 600GH/S blade for $4680 on: August 17, 2013, 09:57:21 PM
Meh, upgraded a late-ordered single to this, will be interesting to see how it pans out.....
892  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPC] [Primecoin] WTB: Prison Architect On Steam! on: August 16, 2013, 09:32:52 PM
Ok, Vorksholk, I will have to go in few minutes.
But don't worry, I will not run with your Primecoins, I will back later...  The thing is, here is 6:39 AM and I have to catch few hours of sleep... Tongue



No problem. FYi, I'm fine with waiting a month for prison architect, if you're cool with going that route.

If you wanna wait that long, it's more then ok with me. Are you realy sure about that?
If so, let me know, I will cancel support ticket...

EDIT: you can add me too on Steam (frga13)

So about a week from now, just send it over Smiley
893  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM][PRIVATE SHARES] Solo XPM Mining Contract - only 25 share holders on: August 14, 2013, 03:25:30 AM
Hmm, ฿0.5, I'm very interested. Smiley
894  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN]Curecoin beta pool test - user limit lifted - Lets hit the Mile Stone 1200R on: August 13, 2013, 03:04:18 AM
The problem might be that your looking at folding like you do at Hashing.  They are totally separate things.  When hashing, your rate pretty much can stay stable from now til the end of time, because your doing small calculations over and over again.  It never differs.  In folding, sometimes a single fold will take 1-2 days, If your folding a 70k workload and it takes 0.75 of a day to finish it, your days will look like 75K / 150K / 75K / 150K.  If however you get put on a different project.  Say folding for a cancer cure as opposed to folding for a cure for Malaria, the calculations will be way different, and the time it takes to complete will vary dramatically as well.  The work units are set to pretty much equal out overtime.  so in the case of a 75K / 150K flip flop your avg is 112.5K per day

Good explanation, I would also like to throw in that some cards are better at different types of calculations. Smiley
895  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN]Curecoin beta pool test - user limit lifted - Lets hit the Mile Stone 1200R on: August 12, 2013, 10:01:11 PM
why is my hd 7970 goes up and down between 70k and 140k ?

AMD Cards seem to be particularly edgy to PPD, but NVidia cards have done it too. How many cores is that machine running?

Pool still up and going, team rank now 881

Well, after some days of folding all I can say it's not profitable even in the slightest at the moment. GLC is so cheap that you should pay much, much more to cover at least electricity bills.  We reached your magic 1200R, so why is the delay? Why sudden silence? When are you going to launch Curecoin?

Yeah, right now folding will cost you a bit of money. Not sure what the magic 1200 was for (better stats, I think?), but curecoin will come soon, I think cygn mentioned a few things he was still working on over at the curecoin.us forums.
896  Alternate cryptocurrencies / Altcoin Discussion / Re: How to Determine Ripple Price? on: August 11, 2013, 04:34:35 PM
Take a random number, multiply it by the number of Ripples you are interested in, and then multiply by 0.

In all reality, their price crashed a ton lately. There was a time where 5,000 could be easily sold for 1BTC, now a Bitcoin will net around 30,000 on the forums, if I'm not mistaken.
897  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] Working on a GPU miner for Primecoin on: August 10, 2013, 10:10:40 PM
Alright, I've debugged the GPU prime tester, didn't finish yet though. For some reason the main part, the modular exponentiation, isn't working right but I'll figure it out. I can't give precise speed estimates, but right now it seems fast. Wink


Awesome Cheesy
898  Bitcoin / Hardware / Re: KNC Miner Discounts--Gauging Interest. on: August 10, 2013, 03:14:29 AM
I see offers like this popping up. referer has the most benefit under current terms

Yeah, the referer wants to make some good return. Smiley
899  Bitcoin / Hardware / Re: KNC Miner Discounts--Gauging Interest. on: August 10, 2013, 02:26:10 AM
The price will drop for November delivery only.
The reseller program is active now Wink

Yeah, but I wouldn't want to pay $4000 for a device in late October that will be available for $3000 in November. Tongue
900  Bitcoin / Hardware / Re: KNC Miner Discounts--Gauging Interest. on: August 10, 2013, 12:31:16 AM
Sounds interesting Smiley
Another guy offered future payments from the free miner when delivered, but that seems much more difficult to enforce Smiley
I think I'd rather have a fixed amount now, than trusting a complete stranger to pay in the future.

But 2BTC seems an unfair distribution of the profit. It would cost you 20BTC to get a free Jupiter.
I think one can easily offer double that amount Wink

I even think that from now on it would be beneficial for the community to organize group buys and share the profit from the free miner.

I will be ordering 2x Jupiters and 1x Saturn, so would be interested to be a part of a group buy, where we all order through an affiliate link and share the profit from the free miner between the group Smiley

Yeah, I'm not sure if I'd be interested in doing it, the idea with the 2BTC is it's unknown what price KnCMiners will drop to, but we have a confirmation from them that the prices will drop to 'stay competitive'. At that rate, I doubt a Jupiter will cost much more than $4000, and could quite possibly go lower. Also, the person would be taking on the risk that they don't sell 10 and get no free hardware, or that KnCMiner doesn't deliver.

If someone wants to organize a group buy of this, I think it'd be pretty popular Smiley
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