I like your post, really! It's so lyrical (not in a sarcastic way), but ppl lost their money on GOX and they just continue buying?
I would try to recover my money first and wait for some really positiv siginals. Maybe that's just me :/ arrrgh
Some of those burned at Gox will walk away and never return. But consider, they were never actually part of Bitcoin anyway. They were trading imaginary bitcoins created by fraud. The good news is new participants will not continue being drawn into the scam by the brand recognition MtGox commanded. It will take some days for the dust to settle but this will be a net positive. |
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Are everybody just gone INSANE?? I hope you all know he is talking about his own wallet (unavailable), not the one from the company. Mark just verified that MtGOX lost 700k BTC. Why is price shooting up? Don't friggen tell me that's actually a good news  It is good news. 700k imaginary bitcoins have disappeared. Many many people have been trading with this imaginary coins, depressing the price. Now that the fraud is revealed, real supply and demand can take hold again. Plus, an inept, and potentially criminal service has been removed from Bitcoin. From here we can move forward with more competent operators. And the lessons learned here will force people to be more diligent about the integrity of the services they use. |
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He acknowledges that the strategy document is legitimate. That means he has been operating MtGox with a deficit of bitcoins for years, and that deficit grew to 750000 BTC, worth nearly $1 Billion late last year. Of course he's under a little mental distress.
I'm sure it will get much worse after he meets his lawyer and learns he will likely spend significant time in a Japanese prison. The good news is he can finally lose some weight while he's there!
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Where are all the MtGox supporters now?
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I wouldn't count upon them having the foresight to impose NDAs on their employees. Someone told me so. Don't you see the huge discrepancy between being unable to design a webpage that can be scrolled as every normal webpage can and successfully bringing to market a 28nm ASIC? They can play dumb if they want, but one don't really have to fall for it. Btw, we keep missing what they post on facebook: https://www.youtube.com/watch?v=PjDF0tq5r28And has anyone from Hashfast ever lied to you? Come to think of it, have they ever not lied? Regardless, an NDA does not supersede an obligation to testify if supeonaed. |
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Erin has a lucrative career ahead of her as an expert witness testifying against Hashfast. Any folks who are suing really should seek her out. I'm sure she has quite a tale to share. It would be interesting to hear the tale, but between the nda that she signed and everything else i don't really think it to be viable... (hey Erin, if you disagree just send me an email, my_nickname_here@gmail.com). About John "leaving" only because he is not on that page anymore... Seriously? Edit: people PMed me saying that he really left... Wut? You have no idea what she did or did not sign. Hashfast could hardly run a web page. I wouldn't count upon them having the foresight to impose NDAs on their employees. |
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This is long past due. Someone with withdrawals that haven't been fulfilled should file and put an end to the cancer that MtGox is upon Bitcoin.
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I hope John is ok with this, but it's info that people should know. John has confirmed he is no longer working for Hash Fast, he told on Skype. It appears HF-Engineer as maybe gone too. Rats abandoning the ship? |
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wow this thing is LOUD and squeels like a pig. Anyone have any tips on noise reduction? I would like to just stick this thing outside but it can reach -30 degrees C where I'm from
These machines really aren't suitable for residential operation. You clearly are disappointed with your purchase. I will offer you 8 BTC plus shipping for your machine. I know it is too much but it will be worth it to get your whining off this thread. |
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You do realize that USB is 5V right?
I would just replace the hub with one that has been tested and known to work for this application
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In case it's relevant to anyone, the email address " erin@hashfast.com", now insta-bounces. I guess she left (forgive me if this is old news). When was the last email you sent that wasn't bounced? Anyway her linkedin profile now says "Seeking dynamic position within a well organized & professional atmosphere". So yes, she "left". Good catch. Have to wonder what's going on with John gone, and HF-Engineer Phil suddenly not posting in the tech thread as of 6 days ago. John left? For a bit of background, here is the most interesting thing we have about "Erin HashFast": Another topic was the possibility of refunds and John was pretty specific that if refunds do happen they will be full refunds in the currency the order was paid in (BTC in BTC, USD in USD). Please note that I have not requested a refund and have no plans to do so at this point. Thanks for coming in! -Erin Erin has a lucrative career ahead of her as an expert witness testifying against Hashfast. Any folks who are suing really should seek her out. I'm sure she has quite a tale to share. |
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The stock computer cables are pretty damn hot, will these melt on 220?
Do I need to buy better ones?
Thanks.
220 will reduce the current by 1/2 so you'll be fine. If you are going to power the machine for any amount of time on 110 I'd invest in some 14g cords. |
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EDIT : Unless, of course, they cleared the backlog within the time it took to write the first sentence.  They could have written the first sentence, then cleared the backlog before continuing to write  They consider the backlog cleared by sending that information free email to everyone who has ever contacted them. |
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My 2.5TH/s of ants with a few literally on top of a knc jupiter make 3TH/s today.....really wish I had believed more in cointerra and got one of those too....maybe next time.
Go Cointerra, good to see another asic miner manuf., specially here in the USA, and Texas, even better. Don't mess with tex
I've now received some hashfast and some cointerra gear. its all hashing away now. i don't have all of either of my orders yet, but I've got some.. and its working well. -- Jez Jez are you saying your Hashfast Sierras are working well too? DeadTerra swears they are over 30% defective. |
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As for performance? Well, the control panel seems to say it's running at 1.5Thash, but unlike my BFL hardware where what's reported in CGMiner is more or less what the pool sees I can't get BTCGuild to see any more than 1.3Thash and it seems to fluctuate between 1.2 and 1.3Thash...this is severely disappointing right now and I've been playing around with pool settings to see if I can get any better performance but I'm basically mining 2/3rds of what I was expecting and obviously it's over 2 months late. All things considered for $14400 I could have had two Jupiters mining away at almost the same hashrate for 5 months now...even though they're sending another unit in March to try and make up for the delays the much lower hashrate is actually now the major issue-I'm honestly not sure how any of the later batches will ROI if they don't actually ship the full 2 terahashes. I have no idea how their control panel is showing such optimistic hashrates either. Overall I have to say that this whole experience has made me really hesitant about doing any sort of pre-orders ever again, I ended up paying about $11 per gigahash-yes this price will go down once they actually deliver a March unit but right now I have no idea when that will actually get here or even how much mining power it will have so if it ends up being 2.6Thash being delivered half in February and half in April for $14400...
Edit: After some fiddling around (took cgminer down temporarily, changed the power setting around, restarted everything via SSH, etc.) I'm seeing 1.7Thash locally now instead of 1.5Thash and I've switched to Eligius...the hashrate is still climbing up at the moment so we'll see where it settles-maybe Eligius works better than BTCGuild with Terraminers? I know Cointerra was testing on Eligius so maybe this is the only pool that really deals well with these. We'll see soon enough I guess.
Hey testerx... I'm seeing the same thing with mine.... local cgminer reads 1.5 to 1.6 but only seeing 1.3 on the pool. Did you "fiddling" get things working better? Can you expand a bit on what you "fiddled" with?  Thanks man! To be clear: This is a point of contention at all times with what others seem to want and what I end up putting into the cgminer git master. I try wherever possible to make the on-screen hashrate match what you are actually producing in shares whereas other implementations of drivers like to display what the device thinks it's hashing. In the case of the distributed binary from cointerra, you are seeing the latter. I am planning on making the cgminer master code to do what all the other drivers do, although it appears no one has been brave enough to open up their machine and plug their device in via USB to a regular PC to try it out yet. For the time being, the code in cgminer git master is almost identical to what cointerra are releasing as binaries within their BBB firmware, only newer. Direct USB connections to the hashing boards isn't supported. :-( CoinTerra Support (CoinTerra)
Feb 17 10:47
Unfortunately using an external controller is not possible without opening the box, and that would void the warranty.
Sincerely,
Luke
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Lol, Ken locks the "official" thread after deleting my post  So is this thread now as dead as Active Mining? The cheerleaders got pregnant and skulked off to the invite-only trailer park known as #actm? Even Ken doesn't drop by anymore, trolling crumbs' thread instead? This is how it all ends? I guess they figure the path to success is Chinese style censorship. The trouble with creating an echo chamber is that you quickly end up only talking to yourself. |
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Deleted from the moderated thread: I guess Ken is getting sensitive about his legal problems. from: brianpbaker on February 15, 2014, 07:45:14 PM from: kslaughter on February 13, 2014, 09:31:01 PM from: JimmyJazz on February 13, 2014, 09:17:27 PM
Hello, is it likely we will be trading before the chips arrive in April?
I won't have an answer to that question until I meet with my securities lawyer. I can't believe everyone is busy lobbing turds at each other while this is being overlooked. until we have access to our shares, literally no one in this thread has anything except Ken. I can't access my shares to sell or collect any imaginary dividends that might be paid out. We're told Crypto-Trade will be up and running soon, then ActM gets listed on CT but we still don't have OUR shares there, only Ukyo's that Ken is trying to sell cheap. We're told it's just a matter of getting the transfer script running so the shares can be logged on CT. Now's it seems that it MIGHT be April at the earliest that we can have access to our shares, and you guys are busy beating each other up over personal attacks and a product that may or may not ever even exist? Who cares if the product exists or not if we can't even access our shares? Are you going to get dividends paid to thin air? Who are you going to divest your shares to if you think it's a scam now? Forget about being scammed on product development, guys. We all own NOTHING until we control our own shares again, and so far that seems to be the biggest hoodwink of all. The Crypto-Trade transfer needs to happen YESTERDAY. Pictures of vaporware are not worth getting upset over or excited over. They affect none of us unless we control our shares. As far as I can see, the only reason the transfer hasn't taken place is because Ken knows the trade price would instantly tank and make his company look like a sham and scare away any hope of even recouping costs, forget about turning a profit. If anyone (particularly Ken) would care to clarify this delay, I would love to hear it. Until then, I don't even understand why any of you are focused on product. If you gave money to a company to make widgets and got a receipt promising you a portion of the revenue, what difference would it make how well the widgets performed if your ownership shares had disappeared into thin air? Our "investments" only exist in Ken's head at this point. Do you trust him to give them back to you? I'm not too sure anymore. I can 100% guarantee you that no lawyer will ever advise a client to continue breaking the law. Ken will return from his lawyer to very sadly inform you all that he is unable to register your shares at crypto-trade. Actually it will be your lawyer as he will use your money to pay for the advice that screws your last chance of bailing out of this mess. It's awfully convenient that this happens immediately after Ken raises another $100k or so for himself selling shares, don't you think? |
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Here's a difference. Labcoin investors never created a thread where only positive messages could be posted.
Indeed, we are past a point where there is a huge pile of documented lies by kslaugther and they still support him; even create private rooms to organize themselves; as such, they are now full-on scammers themselves, hoping to save the appearances before unloading their shares to even more gullible fools. It's not a scam, it's just how the free market works: http://en.wikipedia.org/wiki/Greater_fool_theorySelling stock to form a company to do something you are completely unqualified to achieve: Free marketHiring your unqualified relatives to operate this company: ScamPretending to ship "product" that is really empty computer cases: ScamBuying cloudhashing contracts to make it appear you have prototype mining hardware: ScamCompletely changing the development plans for the company after you botch the first attempt: ScamWithholding dividend payments: ScamPreventing stockholders from selling while you raise more funds: Scam |
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so if a US citizen bought shares on such an exchange, and profited, and paid the appropriate tax on those profits - no harm no foul?
It's that "profited" bit that is going to give you problems. The bitcoin securities market is a giant sheep herding program. Now, as a sheep thinking about joining the crowd heading for the pens you should ask yourself: Are they looking to shear me for some wool or does the owner want a new leather jacket and some lamb chops? |
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Here's a difference. Labcoin investors never created a thread where only positive messages could be posted. From the 'If I close my eyes and shove my head up my ass ActiveMining will make money (self-moderated)' thread. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. from: kleeck on February 15, 2014, 11:07:29 PM from: brianpbaker on February 15, 2014, 10:45:55 PM
I don't see how we can have a legitimate discussion regarding the two chips. Both chips are nothing but specifications at this point, but one set of specs is coming from an established company with a proven track record of delivering actual products, while the other is simply specs. I hope we end up shipping product on the date that has been announced, but history is not on our side.
You can't assess your position in a race if you're not even running yet. I am more interested in acquiring some concrete evidence of anything Ken has announced to us before I worry about our position in the field. If you are still unsure of the 55nm tape out then you aren't in the position to discuss this. For those of us that know that the UMC 55nm chip has achieved tape-out, what do you think about the chips? I've heard some EEs sincerely doubting the AM offering's power draw, but I don't know enough to weigh in. Is what FC claims possible? Also, word on the street is that the UMC 55nm is being produced at sub $1/GH. What is a reasonable profit margin for these chips? I thought this thread was troll free. There is no proof of a 55 nm tapeout. In fact the last statement from Ken was that he is in the process of getting an account established at UMC. You need an account to get taped out. As for your $ / Gh/s estimate, why don't you back that up with some data? It should look like this Item Cost Gh/s / unit $ / Gh/s Wafer start Back end processing Package materials Dicing and Package assembly Package level test Hashing Boards Board components Board assembly Heat sinks, power supplies and Cases System assembly Test Shipping |
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