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Get an electrician to put in an L6-30R, which will do 220V 30A (6KW or so). It only costs a few hundred $.
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So you price is somewhere between what you paid and what I can buy them for from BFL today? so between BTC1.3 and BTC2.6 each? Yes? Even at 1.3 not worth it for less than BTC0.5 profit http://mining.thegenesisblock.com/a/870468cb7dThought my offer was fair. I'd suggest Ebay You have no idea how to use that calculator. |
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With BitAddress, I can see you kinda have to choose, I would rather keep my private key unencrypted (offline that is) than have it generated by RNG and encrypted.. (I hear great things from great people about the Armory wallet used on an offline computer, perhaps that is worth looking into)
Also, why TrueCrypt? Isn't Gpg more suited for this?
I think last time I looked into Armory it was windows only? Doesn't it also fetch the entire blockchain? I already run Bitcoin-Qt so maybe that's why I started exploring other options. But I'll take another look... As for Truecrypt, I'm just using it to encrypt a drive. I'm not familiar with Gpg or encryption standards in general really. Why would it be better? Armory's not windows only - works in Linux and I even recently tried an OSX version, but it's not "there" yet. I does fetch the blockchain using bitcoind, so if you've already done that, you're good. I really like multibit - even in the Linux machine I use for bitcoin it works great. Truecrypt will help if your computer gets stolen, but if you get hacked while it's running (much more likely) then they'll be able to keylog you and get your bitcoins. Consider getting VMWare Fusion and making a rather hardcore Linux VM to keep your coins in. It provides yet one more layer hackers would have to get into to get your money. |
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I'd still rather get what I ordered late than half my money back. And they gave refunds until June and very publicly stated that they were stopping refunds to enter production.
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I really hope they take it seriously and implement demurrage in the USD. That would send people to BTC in DROVES.
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I love how short-sighted this argument is. Here I'll make it really simple: - Buy something with BTC
- Open coinbase and buy the same amount of coins back
That should answer your question. |
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I didn't buy Terrahash, but here's the outcome if I had: Hashrate delivered | Company | Hashrate delivered and running | | BFL | 540GH/s | | Terrahash | 0GH/s |
So, it comes down to what "reliable" means. LOTS of BFL customers are hashing with their hardware, and ZERO Terrahash customers are hashing with their hardware. Sure, BFL was super-late, possibly lied through the process, produced a few duds (I have a slow one myself), produced and shipped units REALLY slowly, but in the end, they did deliver, and I'd say that's more reliable in the end than a company that goes under and can't even fully refund everyone. Of course, you're right that there's just more BFL customers, so maybe proportionally Terrahash customers are more upset about Terrahash than BFL. All of my BFL hardware has more than ROI'ed in USD (yeah yeah I know it will never ROI in BTC opportunity cost). Of course, you could say Terrahash's statements were more reliable than BFLs - I agree there. It's just that one of those statements was "we're done and you don't get your money back." That is a pretty reliable statement. |
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If calculate for delivery time in march next year, the average expected difficulty could been 5,941,344,136 You don't seriously believe that we will be anywhere near 609m difficulty in 4 months, do you? 5.9 billion looks like a decent estimate to me. I think it might even be a little high. |
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Here's the response I got when I asked some questions about their hardware: Thank you for your mail!
You are asking about a lot of detailed information here, which we didn’t put out on purpose – we don’t want to make the same mistake Avalon did, they didn’t protect all their Data well enough so that there are now „avalon clones“ available on the market. We need to avoid plagiarism here, that’s why I am not allowed to send any pictures of prototypes or any drafts and informations about the production per e-mail. I am sure you can understand this.
We are the first german company to build bitcoin miners, so obviously we want to stay unique.
Yes, we do have an investor who provided us with enough money to at least start the production, the rest is gained from our pre-orders. The company owner, Jorge Berg, is currently on a business trip where he is aquiring ven more investors.
Kind Regards, Team Xtreme Miners They didn't protect their data well enough? THEY SOLD THE CHIPS TO MAKE THE CLONES! Apparently they don't even understand what happened here. |
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What is the funding for? He can get a public defender. The evidence against him is massive anyway, so what's money going to help with?
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How is terrahash not winning this poll? BFL shipped, Terrahash can't even refund half of customer's money. We're talking about reliability here, not lateness.
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I only got 517GH/s from the 540GH/s I ordered from BFL.  |
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Get pywallet Use the recovery features https://github.com/jackjack-jj/pywalletAnother thing you can try is moving aside the wallet.dat file (back this up somewhere while you're at it), then moving the entire Bitcoin directory aside, and starting bitcoin again to force it to recreate the directory. Then, close bitcoin, and move a copy of the wallet.dat back over the newly created one. The only important file is the wallet.dat, so as long as you keep a good copy of that around, you can get the coins back. |
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Yes, but the price for 1 Bitcoin might be +$10,000 by Christmas at this rate!  I'd take that as my gift this year!  |
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2-3 Bil is my estimate, based upon estimated ship dates of various manufacturers.
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There is no evidence of Cointerra's tape-out, and even if it were the truth, it is by no means their only challenge whilst trying to complete this project. All sorts of other problems can cause delays, and there is no real way to know which of these problems are real and which are concealing embarrassing oversight of something simple. BFL played that exact same game with their customers; anytime a delay was announced it was attributed to somehting highly technical, and never to something as prosaic as bad contingency planning in their material requirements.
Correct, Cointerra tape-out press release was a lie, and they lie about other things too Just quoting this for posterity so I can laugh really hard at it later. |
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This just in!
Promising computer programmer eats pizza bought with bitcoins!
GASP!
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