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3281  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: October 15, 2013, 05:06:08 AM
They won't deliver on time and even if they did the diff will be so high that ROI will be impossible.

Just like every other ASIC vendor the greed is too strong to do the right thing for the customer.

Avalon, BFL, KNC none could deliver a product that returned more than it cost and CoinTerra also will fail.


I thought most of Avalon B1 owners got a healthy positive ROI calculated in BTC or Fiat.  Guess those were the luckiest ~300 miners to date? Sad really when put in that context.

B2, B3... and chips. Need I say more? How about selling the chips out the backdoor and delaying shipments so they could mine more using their units? Seriously 300 vs millions of dollars is no debate on gouging or hashrate fixing. See BFL for the same plan.
3282  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: October 15, 2013, 04:13:21 AM
They won't deliver on time and even if they did the diff will be so high that ROI will be impossible.

Just like every other ASIC vendor the greed is too strong to do the right thing for the customer.

Avalon, BFL, KNC none could deliver a product that returned more than it cost and CoinTerra also will fail.



Greed? What about profit for the company producing the chips and miners?

I agree up to a point about 'gouging' customers like asicminer or avalon or BFL did but given that there is really no where to lower the costs of production of chips, boards etc everyone now has to accept this is an era of mine at a loss or to break even given the numbers. The only way to skin this cat is for everyone to work together to set quotas not unlike the OPEC nations do and limit that hash rate so that miners can get some income, but we know that is not going to happen. Let us be fair and recognize that there are some companies making a good effort but at this point there is no likely relief from losses on mining. We all know where this will lead to a potential collapse of mining entirely. I suspect 28nm chips will have some fire sales attached to them come 2014 and the writing is on the wall especially for those who have not shown any data / proof of chip design and production.
3283  Other / Off-topic / Re: Inaba - The biggest scum bag on these forums? on: October 15, 2013, 03:45:11 AM
Ha, I got a response from inaba

Re: (No subject)

If you're going to insult someone, at least learn to spell.  If you can't spell you just look like an idiot

Gotta love how he swerves the subject and tries to make the other look a fool. He's darn good at his job!

Don't want to come fight your corner josh? I'm all hears <---- get it?

Still keeping his scams up and running though. I can't believe people trust this dude with a pool!!!

https://bitcointalk.org/index.php?topic=16385.new#new

I have used his pool for years with out issue.

Too bad we are talking about the huge numbers of people not happy with what has transpired with BFL. One person may have had 0 issues but what about the millions of dollars tied up when people are clearly within their legal rights to ask for a refund and are rebuked? One can not equate his pool operations at this time with his ineptitude with BFL and the fact he has failed to refund people in direct contravention of FTC regulations.
3284  Other / CPU/GPU Bitcoin mining hardware / Re: No mining hardware is worth buying on: October 14, 2013, 11:18:39 AM
I've done some math and research into all ASIC producers and this is the conclusion I've come up with. I truly think only those Chinese guys next to the foundries, who are the first to get their hands on the new technology, can really make money. All those who buy mining hardware even from companies like KNCminer end up losing more than they've invested.

Just enter the values here http://www.coinish.com/calc/# in Expert mode and you'll see what I'm talking about.

It's way more profitable to just buy BTC than mine it.

I'd like to hear the counter-arguments on this topic.

How about your follow through and simply put up the chips price / hash rate and delivery data and put it on a table for us all to see... that be a great way to show people. No need to discuss the merits of different systems just the chips themselves. Some won't even ROI as bare chips... but is that going to stop people from buying the latest miners?
3285  Other / Off-topic / Re: Inaba - The biggest scum bag on these forums? on: October 14, 2013, 11:15:00 AM
More than a CAVEAT EMPTOR situation now don't you think given the MILLIONS in refunds that were denied to customers contrary to FTC regulations? Guys pretty much the face of BFL and a scum bag... people should lay most of the blame at his feet for the situation given when people finally woke up they requested refunds and were denied.


https://bitcointalk.org/index.php?action=profile;u=8198 <--- Trash his trust rating.


I believe he is Greek Orthodox not a Zionist and neither have to do with his ability or inability to be a scum bag.
3286  Economy / Securities / Re: Make your mark : CryptoEquity shares on: October 14, 2013, 10:49:31 AM
X
3287  Other / Off-topic / Re: Inaba - The biggest scum bag on these forums? on: October 14, 2013, 09:26:42 AM
TRUST... everyone who hasn't already should burn his trust rating.

https://bitcointalk.org/index.php?action=profile;u=8198

Then link everyone together so that everyone in Bitcointalk will see his true nature.


Quote
ionstorm 0: -0 / +0(0)   2013-08-26   25.00000000   

This guy says he is gonna ship all backorder product within 90 days,
doesnt keep his word, any delays in selling mining hardware should be considered theft.
Also this BFL employee has been hostile to customers in the past.
Stay away from BFL until they are able to ship a product when they say they will.
DO NOT TRUST!

JackRabiit 0: -0 / +0(0)   2013-08-22   1.20000000      

Guy just Wont tell the truth, Month after month he changed his BFL ad banners image
(total of about seven times the changed the image) to say
"PRODUCTS ARE IN FINAL STAGE OF DEVELOPMENT!, PRE-ORDER NOW!, SHIPPING NEXT MONTH"

Let me repeat myself, For SEVEN MONTHS he kept Altering and Replacing his incorrect ad with a
new, just as incorrect ad.

He deliberatly used FALSE ADVERTISING to con people into buying Vaporware

jordaninthesky 0: -0 / +0(0)   2013-07-24   100.00000000   

Person is helping lead a ponzi scheme (as COO) and defrauding many out of BTC
investments by offering less than value $ back in terms of refund. Exploits every
angle he can. Forced a refund on me after 10 months of waiting at original price,
after doubling prices

TomUnderSea 0: -0 / +0(0)   2013-06-21   0.00000000      

Represents BFL. Badly.

kakobrekla 0: -0 / +1(1)   2013-06-20   0.00000000      

Butt Fucking Labs

Xian01 0: -0 / +0(0)   2013-05-22   300.00000000   

Taunts Bitcointalk forum members. I call him on his shit in an
incendiary fashion. He tells Jody to cancel my orders
(#s 2030, 2158 & 100033486). Check posting history.

Viceroy 0: -0 / +0(0)   2013-05-21   0.00000000

This person works for and represents in these forums a company who was founded
by a convicted mail fraudster. Please follow this link for more information about the
company represented by this person here: https://bitcointalk.org/index.php?topic=110805.640
3288  Bitcoin / Group buys / Re: [OPEN] Bitmine CoinCraft 28nm chip distribution (December W50, 42.5BTC/THps) on: October 14, 2013, 06:57:36 AM
Are there any developers or hardware manufacturers already committed to making boards or devices for these chips?

We are committing ourselves to an A1 Wasp (blade) and Hive (mother plane) design prototype and should be ready in January. Thread: https://bitcointalk.org/index.php?topic=299255.0.
3289  Bitcoin / Hardware / Re: Butterfly Labs New 600GH "Mining Card" - RED FLAGS?!?! on: October 14, 2013, 05:43:27 AM
EVIDENCE....


Where is the EVIDENCE?

We don't need to go off of statements considering other companies provide transparency during these development milestones.

BFL have failed to provide anything remotely verifiable in terms of the development of the ASIC chip for the Monarch. A faux / dummy Monarch board means very little given that the key component the chips are not even on the drawing board. We have been down this same road with BFL before. They state something people make purchases based on statements without any real evidence to support it and given their history so far why anyone would given them the benefit of the doubt, let alone any ASIC fabricator, is beyond reason at this point.

So to recap.

BFL has nothing.
Cointerra has nothing.
KnC has something.
BitFury has something.
Avalon has something but won't ship it as promised so you should steer clear of GEN2 as it it won't ROI anyhow.
Hash Fast has something mid way through production.
Black Arrow has nothing yet but more reliable than most given their past FPGAs.
BTCGarden has something but is way too slow and won't ROI.
3290  Bitcoin / Hardware / Re: Butterfly Labs New 600GH "Mining Card" - RED FLAGS?!?! on: October 14, 2013, 04:48:50 AM
So.

No evidence for tapeout of BFL.
No evidence for tapeout of Cointerra.
No evidence whatsoever that BFL has chips on the design board or alternatively an agreement to purchase other fabricators chips.

What we have then is a faux / dummy Monarch card with absolutely 0 evidence from BFL of a chips to marry to it.
3291  Bitcoin / Hardware / Re: Blue Fury Miners V2 2.6Gh/s on: October 14, 2013, 04:45:21 AM
The 2 week shut down in China is well known and it was a concern for me when I was pricing out my own production of a USB BitFury and I decided the delay would push the delivery too far into the future to make sense for potential buyers given the probable delays in Indonesia for shipping to the fabricator as well as holidays here stretching till Wednesday. I am sure that the BlueFury team will be right on top of this issue and shipping as soon as they can when they get boards in hand to finish the fab.
3292  Bitcoin / Hardware / Re: Butterfly Labs New 600GH "Mining Card" - RED FLAGS?!?! on: October 14, 2013, 04:41:40 AM
Have Cointerra done tape out yet?




They said they did 2 months ago.

That means ZERO!


Evidence to support that BFL is buying chips from Cointerra?

Evidence that BFL taped out?

Evidence that Cointerra taped out?

The only evidence for BFL is that they said so.

The only evidence for Cointerra is that their management team is world class and have a top notch reputation with a lot to lose.

I wouldn't touch BFL, but I would buy a Cointerra rig.

Links... proof... etc... stating it doesn't really give me confidence... where are the posts?

So cointerra 0 evidence provided for tape out.
3293  Bitcoin / Hardware / Re: Butterfly Labs New 600GH "Mining Card" - RED FLAGS?!?! on: October 14, 2013, 04:33:33 AM
Have Cointerra done tape out yet?




They said they did 2 months ago.

That means ZERO!


Evidence to support that BFL is buying chips from Cointerra?

Evidence that BFL taped out?

Evidence that Cointerra taped out?
3294  Bitcoin / Hardware / Re: Need a PayPal refund for your BFL purchase? on: October 14, 2013, 04:20:10 AM
I am in trouble with getting a refund.

I tried the Normal way with PayPal, but that did not help. After that i tried to to get the money back from the credit card company. This not completed til now.

Butterfly Labs now says:
> “It has been sent to the hosting company.”


If I ask at the Hosting Company they say:

> “I currently do not have your gear, ..”

I assume, that Bfl is acting in pure intention to defraud.

My Order was in July, but the current deliver date is Februay – March. That is what you can see at https://forums.butterflylabs.com/blogs/bfl_jody/
wow, that sounds like a pure and simple lie, since they obviously have not gotten to July orders yet.

You could ask BFL for the tracking number they used to send it to the hosting company... but they probably would lie and use some other tracking number or something.

At what point does the community finally see what BFL is doing, label them as scammers, and simply walk away from their products and let BFL as a company fade off into obscurity?
3295  Bitcoin / Project Development / Re: [The Wasp] 28nm ASIC Miner Open Hardware Development Project on: October 14, 2013, 03:38:28 AM
Membership, Options  & Capitalization Proposals

+ 1 BTC as a one time payment for memberships is being discussed currently.
+ Options to buy into projects like the WASP / HIVE are currently open to members and will fund the prototypes and chips buys for those prototypes.
+ Shares will be offered in a longer term development of the cooperative as we formalize the arrangement in an offshore jurisdiction.

Note: If you are interested in joining The Wasp Project Cooperative to discuss membership, funding and capitalization of the cooperative then pm or email me so I can add you directly to the Zoho Project page. We are keen on moving forward. Sean has already roughed out a design for the Hive and is moving on to the A1 Wasp as soon as the chip specifications drop on the 15th of October. So we are moving forward and funding is a priority right now for us. Note that we are interested in sweat equity as a way of funding project as well so that we can cut down on prototype costs and what not so even if you can't pony up funds readily we are keen on exploring alternatives that will help push our projects forward.
3296  Other / Politics & Society / What the Past Teaches About U.S. Democracy on: October 13, 2013, 12:10:22 PM
This article examines how American elites have expanded an empire constantly at war while ignoring the needs of the vast majority at home. It sketches the present political moment centered on President Barack Obama’s first 18 months in office, then looks at ancient Athens in order to pick up concepts that Athenians debated, such as citizenship based on democratic equality and freedom, as well as its oligarchic opposites. Drawing on Athenian ideas and practices of democracy by politically empowered citizen-peasants, artisans, and casual laborers can deepen our understanding of the many anti-democratic features of the U.S. political system. Similarly, we may gain a better perspective on the persistence of imperialism in our own time by seeing how Athenians forcibly acquired foreign economic, political, and geographical assets in order to enhance the power of their city-state, often violating law and their own moral norms in the use of military force.

http://www.zcommunications.org/what-the-past-teaches-about-u-s-democracy-by-herbert-p-bix.html
3297  Bitcoin / Hardware / Re: Break even difficulty by hardware efficiency (power cost = value of BTC) on: October 13, 2013, 12:08:37 PM
3298  Bitcoin / Group buys / Re: [OPEN] Bitmine CoinCraft 28nm chip distribution (December W50, 42.5BTC/THps) on: October 13, 2013, 10:20:40 AM
Is the 19th still a hard deadline?
3299  Bitcoin / Hardware / Re: HashFast launches sales of the Baby Jet on: October 13, 2013, 10:08:52 AM
IMPORTANT UPDATE


HashFast customers opting for the Miner Protection Program will receive their additional ASICs already assembled onto mini-boards.

We are not shipping raw chips.  

There is no need for MMP customers to worry about the time/trouble/expense of PCB integration.

MPP mini-boards will arrive ready to go, and are easily installed into a Baby Jet's extra space.  The process is a lot like upgrading a normal PC and does not require any soldering or special tools beyond a screwdriver.

If our customers wish to install them in something different from the two models of rig that HashFast makes (the Baby Jet & the Sierra) that's absolutely OK.  All that's needed is some kind of ATX case, a standard PC power supply, a cooling system of their choice,  and a controller.   The choice of what controller to use is also completely up to the customer; just about any device that will run CGminer is fine (a raspberry pi, a tablet, a small server, or whatever works best).

Also, if someone you trust has come up with a design you like, feel free to ask them for a hand or buy one from them.  We believe that hardware should be open, and available for anyone to take in whatever direction they think is best.  

As far as we are concerned, this is an extension of the same approach we are taking with our software; HashFast drivers will be completely open-source so you may software of your choice, and CGminer will have native support right away.  

We've been running CGMiner in our FPGA emulation since June.   It works great, and we think people will be happy with the quality of our drivers.   Other folks who have seen them were Smiley


We will take some raw chips if you have any kicking about... our project is keen on working with a variety of chips you know. Grin
3300  Bitcoin / Project Development / Re: [The Wasp] 28nm ASIC Miner Open Hardware Development Project on: October 13, 2013, 06:35:29 AM

Interesting option. I think we have also looked at a psu that is integrated right into our Hives so we can power the Wasps through the Hive or Wasps can be powered independently should people just want to stack their miners FPGA style. We are currently working on the Hive design and will probably release some teasers about this soon. The A1 Wasp is next and potentially a BitFury Wasp that will show the capability of the Hive to accept modular Wasps using different chips sets. Also as always we are keen to have more members join us as we develop the project feel free to contact me and I can add you to the google hangout and then our Zoho Project tracking site.
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