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1761  Other / CPU/GPU Bitcoin mining hardware / Re: Why not we all request refunds on a mass level? Power in the people! on: March 14, 2013, 05:06:35 AM
Yes!  Fight the power! 

PS - if you're fighting the power, it's good to have your facts straight.  Pickingpair and opentoe have basically no facts straight and are talking out of their asses, so if you decide to fight the power (DOWN WITH THE MAN, MAN!), you might want to pick some leaders who aren't complete idiots. 

I will admit I do not have ALL the facts. I can't keep track of them all and I can guarantee the truthful/real facts we will never really know. I thought this power of the people thing would at least get your attention and make BFL really think about what they've done already. Seriously, if there isn't a working prototype yet I can almost bet no one will get a BFL ASIC unit until the winter holiday time. The process of making something new never done before rarely ever works the first time around. If you put all your eggs in the chips you guys just made then maybe that's just another monster bad decision by BFL again. I myself don't have the right to "start" anything, but my friends are all too optimistic and happy all the time and let people walk all over them and take advantage of how nice they are. Who is actually leading BFL? Who's making these decisions? My friends jumped on the opportunity instantly because of the financial reward to get a first ASIC's. But when other companies that weren't even considered because they weren't even a company (the one ran by the kid) who are actually shipping ASIC units across the world now really makes BFL look pretty bad. And my friends are scratching their heads like what just happened here? Nothing was ever guaranteed to them, but they obviously backed the wrong horse in this race for sure. As a lot of people are still scratching their heads. I asked a question about how long people are really willing to wait? No one answered. To me this means people are willing to wait indefinitely on just the hope they will actually receive something here. If you really aren't attached to your money that closely, then by all means I'll be making my own ASIC miner and will have it on sale in 2016. I'll create a rude pre-order page you can order from and I'll go on vacation with your money and maybe I'll get around to making some hardware. This is not a personal issue here, it's all business.

In my opinion, no working prototype in the electronics industry = at least 6 more months until a finished product rolls off the line. If you don't have a working prototype then you have nothing at all.
1762  Bitcoin / Hardware / Re: [Announcement] Avalon ASIC Batch #1 Ships on: March 14, 2013, 04:45:44 AM
It is amazing you guys are receiving your miners. I'm a little jealous because of the easy money you guys are getting. You can actually buy a cheap car in a few months with the money you get. Or pay multiple mortgage payments. That's why I'm jealous, not because you are making good money but because I cannot! I come on the forums once in a while to get news on BFL shipments and stuff and it's just another day of nothing I guess. Oh well, what can you do. Sometimes people just don't back the right horse. It happens.

1763  Economy / Currency exchange / Re: FastCash4Bitcoins - over 260,000 BTC purchased - just 2.99% below spot on: March 14, 2013, 04:20:12 AM
I have a quick question, when I'm selling my bitcoins via the site you are buying them at a lower price then what is the current rate, I just was curious, this is how you guys make money and stay in business right? I'm just curious as to how that buy number is calculated. I would assume it is a certain percentage of the current rate, right? Seriously, I'm just curious about it, that's all.

1764  Bitcoin / Mining / Re: Home made bitcoin miner... on: March 12, 2013, 01:34:22 AM
I received the board with the chip on it and some notes that came along with it. Says ASIC right on the board and it looks like there was a heat sink on the chip at one point but looks like a little glue on there. I want to remove the glue without destroying the chip. I know Acetone works great with removing just about anything but will that affect the chip itself? Several people did email indicating they may be able to help with this project and I'm this much closer to maybe getting something done. If you are a good programmer, can make/create drivers so we can interface with this let me know. I'll respond to the people who already messaged me. Of course once it is complete you'll get a free miner. NOT a scam here. Willing to pay and very serious about this. This is NOT a big operation like Avalon or others. We are just a few tech guys that wanted to give this a try and are stuck at the programming/interface portion here.

I will take some hi-res pictures.

Thanks
1765  Other / CPU/GPU Bitcoin mining hardware / Re: Why not we all request refunds on a mass level? Power in the people! on: March 11, 2013, 04:35:11 PM
Apply pressure to what? Have you ever interacted with or spoken to anyone from BFL? It's like a clique of 14 year olds over there. They're all extremely immature and all posses inflated egos. They're much more likely to learn something from an ass whooping than anything else.

At this point, is quite obvious they used the preorder money to FUND the build of the asics. Its also quite obvious they are about as inept as you can be. People always like to throw out the 'fact' that they delivered fpgas, and thus that should mean they're legit. What people don't realize is that they didn't make those fpgas either. They bought a lot of them at a discounted price (last of the series) and reboxed them in plastic housing. Somehow that gave them legitimacy? Makes no sense. People need to wake up, they don't even have a single working prototype and are approaching a full year behind on preorders. So how can they be almost a year past deadline, and still not have a single working unit?

BFL will go down as the biggest scam in the btc industry, and if they decide to just pull out, the economy is going to be screwed.

I pulled out, felt good.

A lot of people don't even know they never made a single thing and are just reselling other people's stuff. Very lame. We have the power to shut them down. Get our money back and put our money into a company that has already shown a viable working product. Avalon could be one of them. The only way that would happen is if we all get together and do this.
1766  Other / CPU/GPU Bitcoin mining hardware / Re: Why not we all request refunds on a mass level? Power in the people! on: March 11, 2013, 02:07:46 PM
Paragraphs are overrated...
this

Everyone will always read between the lines and spew out their own opinions, how accurate or not. Obviously the intention is not to stop or hold up BFL from moving forward but the exact opposite. If we apply a little pressure maybe we can get them to work a little more efficient. I'm always wondering in the back of my mind why didn't BFL just get business loans like a normal company would on this project. Hell, even Kickstarter would have been a better option then just take people's money and have them expect something in return.

1767  Other / CPU/GPU Bitcoin mining hardware / Re: Why not we all request refunds on a mass level? Power in the people! on: March 11, 2013, 05:22:42 AM
You first.

I already have. I had three orders in for SC's, since I can't pay for them all at once cause I'm not made of money like some other people are. I've already canceled two of those orders because I could be making more money with that money just sitting there in someone else's pocket. The people that don't agree with me are the ones that have money and don't care a lot of their money is tied up making them no money. Ok, now you go.


So why haven't you cancelled the remaining order?

Because that order isn't all mine. I have someone else's money in that order so I cannot cancel it without their permission. I think you are missing the point here. You are actually more interested and intrigued in my orders and history then the big picture. No wonder why BFL was able to suck in hundreds of thousands of dollars with no proof of anything. A lot of people are limited in their thinking I guess.
1768  Bitcoin / Hardware / Re: BFL worth it now? on: March 11, 2013, 05:17:55 AM
... Me personally, I'm looking for a 6-8 month ROI, which I consider to be quite standard in the past, ...
I agree with you on this one. According to a poll on BFL's website 90% are willing to wait 6-12 month to make ROI*)

But back to the OP:
If I chose to put an order down on a 60gh unit do you think I would get it too late to make any profits? Im tempted to buy one but I think I may be too far back in the queue.
He will not make ROI in 6 month. Nor in 12 month. Maybe in 24 month. But that's very risky, because his unit has to work 24/7 for two years. Image he lives outside the US and has an RMA in those two years (-> send unit back to US, wait, get it repaired, wait, get it shipped again, wait, troubles with custom). Not to mention the warranty that might have expired by then.

So for the TS it is very risky to order now.

------------
*) ROI is wrong in this context, I know. Should be "break even". But since most users use ROI I'll use it too.
A SC Single is $1330USD. At the current MtGox weighted average of $46.9USD/BTC, that's 28.36BTC. You think it'll take 2 straight years to mine 28BTC? You're talking about a difficulty of over 400 million for it to take that long.
I don't think 12 months is a difficult number. I'm not talking now, I'm talking when people actually get their BFL units. I've already seen screen shots of Avalon tracking numbers and they are on their way. Avalon's first batch will be in the hands of all their customers obviously before BFL even has a working prototype, so at that point it will probably take a year or so to make $1300 worth of BTC.
You didn't answer my question at all. For a BFL SC Single to break even in 24 months, you would need a difficulty of 400million, or a network of > 3Ph/s. 3000Th/s is 50,000 SC Singles, which at $1300 a pop is over $65 million USD in BFL pre-orders. Really? You think they have that many orders? I don't think BFL has that many pre orders. Hell, their entire batch of 100,000 chips (enough to cover all pre-orders) is only enough for 20% of that.

You were responding to Koolio when you asked that question, not me. I'll just add that you never included all other ASIC miners other then BFL that are out there. Isn't another company making their own and not selling but mining for themselves bringing huge mining power to the network?
1769  Other / CPU/GPU Bitcoin mining hardware / Re: Why not we all request refunds on a mass level? Power in the people! on: March 11, 2013, 05:14:37 AM
You first.

I already have. I had three orders in for SC's, since I can't pay for them all at once cause I'm not made of money like some other people are. I've already canceled two of those orders because I could be making more money with that money just sitting there in someone else's pocket. The people that don't agree with me are the ones that have money and don't care a lot of their money is tied up making them no money. Ok, now you go.

1770  Bitcoin / Hardware / Re: 2-3 weeks to go until the first unboxing of a BFL ASIC?? MAYBE? on: March 11, 2013, 03:23:46 AM
Things are getting rather exciting  Grin

I bet you are looking forward to holding that parcel with your Jalapeņo or single "sc" in it.. 

So what's the latest on the hardware shipping dates? Will BFL make it happen this time, or is it all gonna be delayed to next year??

How naive we all were at this point.

1771  Other / CPU/GPU Bitcoin mining hardware / Why not we all request refunds on a mass level? Power in the people! on: March 11, 2013, 12:17:34 AM
Instead of sitting here pulling our puds everyday why not we group together and finally put some pressure on BFL? Apparently nothing seems to work verbally and nothing has actually come out of anything. If we all request refunds on a multi-group level maybe they will actually see how serious we are and won't constantly be taken advantage of every day while using our money for whatever bad decisions they keep making. Since it was our mistake into thinking BFL would produce a working miner we were all thinking about the money we could make with them and BFL knew that and took advantage of that and put up ridiculous time frames they knew they would not hit. Then just have been stringing us a long for months and months about delays. They took advantage of us, now lets take advantage of them. If they see so many refund refund requests they might actually start to listen and take us seriously. If they can't produce those refunds I'm sure they'll have plenty of legal issues on their hands. This isn't to start problems, these problems all were started when BFL began falsifying dates and putting up promises they knew they would not be be able to fulfill. Really people, when do we say when? If a credit card company gives you money and you don't pay one month they are on your ass right away. Since we basically have given BFL financial loans here why don't we request interest on the loans we gave them? We haven't received any product in return, so it is basically a loan. We should be making money on our loan we gave them? When is enough? 2 months? 5 months? 8 months? 10 months? 12 months? 2 years? We really need to make a decision here. I'm not an early adopter like a lot of people are here, and I feel really bad for the people that have been waiting for such a long time. If I knew I gave someone a few thousand dollars and then 12 months later find out other customers of another company that started even later then BFL, has a smaller staff and a lot less experience are making $200-$250/day I'd be quite pissed off. No big screen TV! Smiley

I apologize if this post "offends" anyone but I was brought up to make my own decisions and not always worrying about what other people think about it. Maybe other people want to comment or put a little finesse into it? Can always use a little polishing.

1772  Bitcoin / Hardware / Re: BFL worth it now? on: March 10, 2013, 11:58:20 PM
... Me personally, I'm looking for a 6-8 month ROI, which I consider to be quite standard in the past, ...

I agree with you on this one. According to a poll on BFL's website 90% are willing to wait 6-12 month to make ROI*)

But back to the OP:
If I chose to put an order down on a 60gh unit do you think I would get it too late to make any profits? Im tempted to buy one but I think I may be too far back in the queue.

He will not make ROI in 6 month. Nor in 12 month. Maybe in 24 month. But that's very risky, because his unit has to work 24/7 for two years. Image he lives outside the US and has an RMA in those two years (-> send unit back to US, wait, get it repaired, wait, get it shipped again, wait, troubles with custom). Not to mention the warranty that might have expired by then.

So for the TS it is very risky to order now.

------------
*) ROI is wrong in this context, I know. Should be "break even". But since most users use ROI I'll use it too.
A SC Single is $1330USD. At the current MtGox weighted average of $46.9USD/BTC, that's 28.36BTC. You think it'll take 2 straight years to mine 28BTC? You're talking about a difficulty of over 400 million for it to take that long.



I don't think 12 months is a difficult number. I'm not talking now, I'm talking when people actually get their BFL units. I've already seen screen shots of Avalon tracking numbers and they are on their way. Avalon's first batch will be in the hands of all their customers obviously before BFL even has a working prototype, so at that point it will probably take a year or so to make $1300 worth of BTC.
1773  Bitcoin / Hardware / Re: [Announcement] Avalon ASIC Batch #1 Ships on: March 10, 2013, 11:49:56 PM
Hiring one person temporarily to handle shipping and paper work is not making a company larger. People pre-paid for all these units and I'm almost %100 positive that the owner has made a profit here. Hire someone that needs a job to handle all the customer relations stuff and stop complaining about no sleep.

1774  Bitcoin / Hardware / Re: So who wants to sell some Avalon batch 2 rigs? on: March 10, 2013, 04:12:01 AM
At this point, I think it's safe to say Avalon batch 2 will be in the hands of customers before BFL ships.. if they will ever.

What bothers me about BFL they seem to casually go to work 9am and leave their office at 5pm like there's nothing going on here. Just another day of taking pre-orders and sucking the money out of innocent people.  If they really wanted to make things happen they would be working around the clock 24/7 getting their shit done. Not taking pre-order money and going on vacations and eating out every night. Apparently they aren't working on finishing their ASIC products so they have to be doing something. I agree with you %100. Avalon's 2nd batch will most likely be in the hands of buyers BEFORE BFL gets their first shipment out. I'm seriously thinking BFL won't deliver until around the holidays this winter. They'll start to use the holiday rush and schedule as excuses for more delays at that time. It is expected of them right now.

1775  Economy / Currency exchange / Re: Bitcoins Direct - Private off exchange sales on: March 10, 2013, 04:05:55 AM
Just in case, what software do you recommend? GPG or PGP? I think they are a bit different, but implement the same technology. What minimum version or key size? I've used PGP before, about 10 years ago, but I don't use it on a daily basis so I've since stopped using it. Thank you.

For Windows mostly everyone uses http://www.gpg4win.org/ and I've been using that for a long time myself. Very easy to setup and use.

1776  Bitcoin / Hardware / Re: [Announcement] Avalon ASIC Batch #1 Ships on: March 10, 2013, 04:02:51 AM
I'm confused. Don't these units come all ready working with fans installed and all that?
1777  Bitcoin / Hardware / Re: [Announcement] Avalon ASIC Batch #1 Ships on: March 08, 2013, 08:41:52 PM
This really makes Butterfly look like idiots. A young kid against an entire company and the entire company can't even produce a working prototype? And Avalon is already shipping? Jesus man, what corruption.

1778  Bitcoin / Mining / Re: Home made bitcoin miner... on: March 08, 2013, 03:09:57 AM
I'm supposed to meet up with my friend soon, as he is going to lend me his project/hardware. I'll take some pictures of these chips he has and send them to the few people that asked to see them who could possibly help. Hey, I can't lose here and neither can the person who would be able to help him out. He/she would get a free ASIC miner out of the deal AND paid for programming it. This all sits on the fence right now until I can confirm what really those chips are. I'm sure the chips will have some identifiable marks on them and I'll snap close up pictures of them. I know many people said it is impossible to get or buy ASIC chips for this purpose, but it is also hard for me to believe that someone could know EVERY possible manufacturer and way to get those chips. Hey, I'm hoping for the best and wish it true but if it is all the wrong hardware and just old FPGA chips then so be it. From the looks of it Butterfly won't deliver anything for a very long time and Avalon well, is just a one timer right now from what I've seen. I'll take. I'll let you guys know when I get the hardware.


Please send me photos of the hardware.  The photos of the chips themselves must clearly show that markings (letters and numbers) on the top of the chips. 

I definitely will. I spoke to him today and he's getting all their notes and stuff together. I'm waiting eagerly myself on seeing this first hand.
1779  Other / Archival / Re: Pictures of your mining rigs! on: March 08, 2013, 02:13:38 AM
A lot of people leech off their own companies electric bill. That's not the way I would want to be running my rigs, and that's why I chose not to invest into GPU mining. I know a lot of people don't care and just do it anyway, but that would bother me if I didn't pay for the electric.

1780  Bitcoin / Hardware / When ASIC's are out what will Butterfly do then? on: March 07, 2013, 07:40:57 AM
Hypothetical speaking of course....

When BFL delivers all their ASIC units. Difficulty level is 20 billion and even buying 10 SC's rigs is pretty much useless, what is BFL going to do then? Is there a newer technology out there or something? I'm confused as to what their next business step is? Will they support/honor all the existing hardware they sold?
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