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261  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: February 16, 2014, 02:06:46 AM
Coinetrra starting 2nd batch and announced:
"Additionally, we will be making the first of a number of exciting announcements in the coming days"

That remembers me of

Quote
We will be back in touch with 4 announcements to start out 2014.

- HashFast, 31 of December 2013, before the end of each and any communications.

That's a very unfair comparison.  Cointerra has been far more responsive than Hashfast in my experience.

And to stay on topic, I would expect they are going to announce an updated board design that gets closer to their performance targets.
262  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: February 14, 2014, 05:55:30 PM
I still can't figure out why people thought that "investing" was sending sending anonymous currency to an unregistered company to buy "Shares" despite sec regulations. This wasn't high risk investing, this was fraud. Once you clear your head of the idea that maybe this was like buying lottery tickets, and realize that ALL OF YOU should be contacting the authorities and demanding ken refund your deposit value at the beginning, you will be able to agree on all these topics.
I think everyone understood this to be the wild west. That doesn't mean all issuers are scammers -- there have been BTC security success stories. story

Fixed that for you.  The only success has been Asicminer.  You can cherry pick buy and sell dates to claim others were good bets, but ultimately every issue except for Asicminer has left somebody holding 10 Kilos of shit in a 5 Kg bag.
263  Economy / Securities / Re: ActiveMining/Labcoin: a comparison on: February 14, 2014, 03:10:02 PM

Is there any legit mining company or what ?


I keep hoping one will appear.  There are a few candidates, but it still remains to be seen if any of them act completely legit.

Eventually the gold rush will end, and greed will not be a dominant factor in people's actions.  At that stage most ASIC companies will go bankrupt.  The survivors will be the ones who acted the most ethically.  The bar is pretty low at this point though.
264  Bitcoin / Hardware / Re: 55nm Chips Shipping April 17,2014 on: February 14, 2014, 12:54:01 AM
I would like to offer $100 per name for the information of people who place pre-orders for this.

A mailing list of the dumbest people in bitcoin could come in handy.
265  Bitcoin / Hardware / Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $1.99/GH/s, miners from $2.97/GH/s on: February 14, 2014, 12:45:43 AM
Is there any evidence Black Arrow is using Global?  I had the impression they were working with SMIC.
266  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast) on: February 12, 2014, 11:49:41 PM
Not for Icedrill.  They will have to do KYC verification on every shareholder.
And why is this going to be a problem for IceDrill?
+1
you are either running a legitimate business, or you are not.
Did you submit all your details as a shareholder in order to receive dividends?   No.
Under the Canadian ruling, everyone would have to before distributions of coins starting going out.
And let's not be coy about "legitimacy", the last thing Icedrill could survive would be a visit from the government of Quebec or Canada.   They actually take their tax collection quite seriously up there. 

You don't have to pay tax if you never made any money.

Idealist!  Sales taxes have to be paid.

Don't worry though.  There is no way DeadTerra actually paid $2M for the machines he bought so there isn't $300k in sales taxes owing to Quebec right now.
267  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: February 12, 2014, 11:43:00 PM
There are differences in the individual chips, some will naturally run hotter than others...in addition, mounting the waterblocks is not going to be identical on all chips....so there are a lot of variables that could affect temps...as long as they are in a safe range you should not have anything to worry about.

@jjiimm_64...well, due to the outlet being limited to 20A...wouldn't it "go" before the wires (unless there is a short circuit in the wiring or something...), which should handle 20A just fine.

'Going' may involve a fire.  You really should do it right.  If there is a tin whiskers problem in that power supply you could easily burn your house down.
268  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: February 12, 2014, 11:14:24 PM
Yes, keep in mind that each "hot" should only be pulling a max of around 18A (2100W peak / 120V = 17.5A)

I figured this would be fine since most homes are run with 15A circuits and 14 gauge wire.

Each wire could draw 70 A which would overheat the wire, melt the insulation and possibly start a fire.

The proper way to do what you want is to run properly sized wires from the 70A breaker (6 ga, I think but look it up) and put in a sub panel with individual breakers for the plugs you want to connect.

IANAE (I am not an electrician), but I did work for one during college.
269  Bitcoin / Development & Technical Discussion / Re: Who is mutating transactions? on: February 12, 2014, 04:25:10 AM
Not all nodes are created equal.  A node running on a residential ISDN connection isn't going to compare a super nodes with 25,000 connections on low latency, high bandwidth connections.

The "attack node" can also intentionally not relay the originals.   If one wanted to increase the odds they would run multiple attack nodes each with thousands or tens of thousands of connection in an attempt to "cut off" and delay the original transactions from miners.  They don't have to win every race, just enough to cause some "chaos".

Our broadcast node is on a datacenter connection and has a large number of inbound connections.  At least yet no mutated version of our spends have made it into a block.  The large number of high speed, low latency connections means we likely are within 1 or 2 hops from most miners and that makes it very difficult for the duplicate to have a good chance of getting into the next block.

Hopefully you have updated your node so it won't relay the corrupted Tx's. I don't have keys on hand so I cannot update my hosted node until tomorrow.

https://bitcointalk.org/index.php?topic=460876.msg5091537#msg5091537
270  Bitcoin / Mining software (miners) / Re: CGMINER ASIC FPGA miner monitoring RPC linux/win/osx/mips/arm/r-pi 3.12.3 on: February 12, 2014, 03:27:03 AM
Con / Kano:

What is the situation with Cointerra?  Did they provide test hardware / arrange for driver development in cgminer?  

I'm eager to get these machines consolidated on one instance of cgminer running on decent hardware rather than a bunch of beaglebone controllers.
Cointerra developed the communication protocol entirely based on my discussions with them and the driver for cgminer I wrote completely. Once hardware is in regular customers' hands I will push the driver to the master cgminer code. They are straight forward USB devices that are connected to a beaglebone black for standalone operation but you can unplug the beaglebone and plug a regular PC into their USB. I personally do not have any hardware yet, as I have only worked on them remotely.

There are in customer hands at this point.  It looks like there is some work needed on stability at least.

Let me know if you need access to multiple systems for testing.
271  Bitcoin / Mining software (miners) / Re: CGMINER ASIC FPGA miner monitoring RPC linux/win/osx/mips/arm/r-pi 3.12.3 on: February 12, 2014, 02:35:26 AM
Con / Kano:

What is the situation with Cointerra?  Did they provide test hardware / arrange for driver development in cgminer? 

I'm eager to get these machines consolidated on one instance of cgminer running on decent hardware rather than a bunch of beaglebone controllers.
272  Bitcoin / Bitcoin Discussion / Re: Is Gox actively attacking the network? on: February 12, 2014, 01:10:40 AM
No one except for Mt.Gox is being scammed out of coins.  And they were scammed due to their own negligence.

Spamming the network with modified transactions is the equivalent of a child throwing a temper tantrum.

You realize that the majority of the exchanges have halted withdrawals?

If the child throwing a temper tantrum causes Bitcoin to be more resilient and user friendly, have at it.

Pissing in the punch bowl isn't an acceptable method of pointing out that someone could piss in the punch bowl.  Malicious griefing of the network for no purpose other than to disguise your own incompetence is unacceptable.

If Mt.Gox is behind this action they should be taken out and shot like a rabid dog.

I hope some of the developers are tracking down the nodes spawning the altered transactions so proof will be available to the community soon.
273  Bitcoin / Hardware / Re: crowdsourced ASIC chip and board on: February 12, 2014, 12:57:02 AM
I believe it's a few million dollars to produce a 28nm process chip.

I'm still waiting for the cost and specs (it might not be a 28nm) but i know that it's a fraction of that.

You are wrong.  To do 65 nm device from design to masks to boards will cost at least $1M.  28 nm is probably closer to $5M.

It's simply too much money to crowdsource.
274  Bitcoin / Bitcoin Discussion / Re: Is Gox actively attacking the network? on: February 12, 2014, 12:39:45 AM
It obviously matters very much.  If MtGox is actively attacking the network they cannot be trusted.

So you prefer they just fix it on their part and carry on as usual? Meanwhile, the rest is getting scammed out of coins without being the wiser.

If it really was Mt.Gox and they were doing this to force the issue to be fixed ... I would be impressed.

No one except for Mt.Gox is being scammed out of coins.  And they were scammed due to their own negligence.

Spamming the network with modified transactions is the equivalent of a child throwing a temper tantrum.
275  Bitcoin / Bitcoin Discussion / Re: Is Gox actively attacking the network? on: February 12, 2014, 12:24:58 AM
Does it matter?

Someone is demonstrating an attack and it is obviously causing at least an annoyance.

It raises the priority of addressing the transaction malleability issue.

It obviously matters very much.  If MtGox is actively attacking the network they cannot be trusted.
276  Bitcoin / Hardware / Re: Cointerra Terraminer IV Unboxing and Setup on: February 12, 2014, 12:22:22 AM
Good summary.

Does Con have a cgminer build that could be run on a PC over USB?  Maybe the beaglebone controller is underpowered for the hash rate.
277  Bitcoin / Bitcoin Discussion / Is Gox actively attacking the network? on: February 11, 2014, 05:25:51 PM
I find the timing of this transaction spamming bot very suspicious.

There is no financial gain from running the bot, just aggro for uninformed users.  Their transactions do go through, all funds end up in the addresses where they belong, but they end up with a invalid transaction in their wallet that has to time out.  And of course there can be secondary effects if they have software that relies on outcomes that change because of the vandalism.

It's easy enough to argue that it's just some child exploiting a flaw for amusement. But to be having the far reaching impact that is being reported today, the script that is modifying transactions has to be running on well connected, high bandwidth nodes, and probably quite a few of them.  It also has to be nodes that promiscuously transmit zero fee transactions, which eliminate the mining pools as core suspects.

So who benefits from this behavior and has access to multiple highly connected nodes?

MtGox is the only candidate I see. 
278  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: February 11, 2014, 05:13:36 PM
Looking forward to this thread after trading starts and the dust settles.

Since even the most gullible has now seen the light and wants out of this pathetic mess, the remaining cheerleaders will be the most highly concentrated collection of fools and scammers ever seen on the internet.
279  Bitcoin / Mining support / Re: Bitcoin mining at work on: February 11, 2014, 05:10:53 PM
Hi all.

Thanks for your comments.. First i have to point out that i am not A thief. I just want to use the same pc/laptop that i use to work on ( my boss) is not paying ekstra because i am Working on it anyway the day long. So you still with me??? Sorry for misunderstanding me.

I just wanted to be sure that i didn't lag the whole network in our Company by mining bitcoin.

But as i Can read of your comments. Is it pointless because it has no hardware power like A good grafic card.

But Thanks again for your comments and for clarifying some issues for me.

/stage

Oh you aren't a thief, you just post on here to find out if your network traffic would be enough to get caught.

Get caught doing what?  Stealing from your employer!
280  Economy / Service Discussion / Re: Stop blaming MtGox on: February 11, 2014, 04:01:34 PM
MtGox incompetently managed their accounts and their method of posting transactions to the network.  People discovered their failures and exploited it to rob MtGox.  That is 100% MtGox's fault.

MtGox blames Bitcoin for their failures in attempt to crash the price which would allow them to recover their losses.  This is the 3rd time they have triggered such a crash by the way.

The crash attempt fails because no one with sense trades with them anymore.  Developers step in and point out that the failure is a result of MtGox being incompetent.

Suddenly a bot appears that exploits the defect to create duplicate transactions.  These duplicates have no effect on who gets paid in transactions, or gives any advantage to hackers.  It just aggravates and confuses people until one of the duplicate transactions drops off the network as intended by the protocol.  The bot doing this is extremely well connected in the bitcoin network suggesting it must be operating on nodes that have been active for years.

Who benefits?  Only MtGox.  They have failed, are probably insolvent, and are now flinging mud at bitcoin hoping to damage the source of all their revenue.  It is EXTREMELY LIKELY that they are the source of the malicious transactions spamming the network right now.

I don't blame MtGox.  I blame any fool who trades with them.
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