They look nice (black it seems). Can get some Raider theme going with my Batch 3s  |
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Short summary of the news: No BFL ASIC miner for customers anytime soon.
No soupASIC for you |
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XFX has failed cooling 101 with their GCN cards. The older ones were decent.
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If all the GPUMiners leave BTC for LTC you may never see a ROI since that prebuilt is way too expensive.
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Despite the crash in 2011 (which caused me to leave the forums with despondency) each year BTC has grown 1000% roughly. The recent run up was not healthy. Anybody who bought last year in the $2 to $6 range is doing well.
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if difficulty jumps up high enough then they'll calculate a decent price to warranty a pretty safe ROI. I'm still iffy about the ROI of my Batch 3, not from BFL but I worry about others. We're over 50TH/s and not all the Batch 1s have been received.
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Should've bought Avalon.
Almost 1 year from the date of initial preorder and all they can ship in "2 weeks" is a 4.5GH/s unit that would eat 20-30W? Would have been better buying a 7850 last year and mining with that for the last 10 months... So glad I ordered a Batch 3 and got my refund from BFL. |
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what's gonna happen to the people that don't receive the avalon batch 1 before bfl start shipping
I'm pretty sure those people will be dead in 150 years when BFL starts shipping. |
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These clown have huge shoes. I can't believe I placed a preorder with them but glad I got a refund when I did. I was able to buy BTC at 41, ride it to 225, sell and am waiting for it to go back to 41. More profit from the refund than I would have ever made with their imaginary machines.
To the early preorder folks I say sell your preorder and buy BTC - you'll make more, even in the long run.
Look at that post above - back in October JZ was more concerned about the minirig's case. With the Singles putting out over 150W of heat you would be lucky to even put 4 Singles in there without it turning into an oven.
Clowns....
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But as far as what price will be sustainable at that level of growth, I have no idea. Smoothing out the boom and bust of the bitcoin price series suggests an annual growth of approximately 5x, or about 400% APR. I take this as a strong indicator of the relative value of the underlying bitcoin economy. Bubbles are happening in bitcoin because 400% APR is enormous and speculators naturally get way, way ahead of the underlying fundamentals as new people learn about bitcoins and big returns. Back in January, bitcoin was fairly valued at 13.50 even though it advanced during 2012. I think this is sustainable as a base. No, bitcoin was undervalued at $13.50 in January. Like gold was undervalued at $250 and silver undervalued at $5. The price corrected upwards to reflect the real growth in the bitcoin economy and larger userbase and increase adoption. $266 was overvalued no doubt, but now Bitcoin has found it's new equlibrium at $100. $100 is the new $13.50. $100 is the new $20 (in 2011). It will drag on down to $32, doubt we'll ever see $13.50 though. We already hit the bottom 3 days ago at $54.25. If you didn't buy when you had the opportunity then commiserations. Is that like we already hit the peak last week at $200? |
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Feel sorry for those who actually bought a "solid"
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This was an incredibly accurate mathematic analysis. this is not the kind of thing that can be baldly asserted. Then I suggest sir, with all due respect that you put a wig on. Lipstick on a pig. |
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I was so upset in 2011 when I left I didn't even remember my old account info With all the CNN and Fox news stories I saw about BTC I know even if $100 seems stable the new money is going to get squeamish and run. I have a staggered buy approach like rpietila mentions but down at $48. |
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But as far as what price will be sustainable at that level of growth, I have no idea. Smoothing out the boom and bust of the bitcoin price series suggests an annual growth of approximately 5x, or about 400% APR. I take this as a strong indicator of the relative value of the underlying bitcoin economy. Bubbles are happening in bitcoin because 400% APR is enormous and speculators naturally get way, way ahead of the underlying fundamentals as new people learn about bitcoins and big returns. Back in January, bitcoin was fairly valued at 13.50 even though it advanced during 2012. I think this is sustainable as a base. No, bitcoin was undervalued at $13.50 in January. Like gold was undervalued at $250 and silver undervalued at $5. The price corrected upwards to reflect the real growth in the bitcoin economy and larger userbase and increase adoption. $266 was overvalued no doubt, but now Bitcoin has found it's new equlibrium at $100. $100 is the new $13.50. $100 is the new $20 (in 2011). It will drag on down to $32, doubt we'll ever see $13.50 though. |
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April 12, 2013 12:30 UTC $54.25 mtgoxUSD  +1 I don't know if we're going up or down from here, but those were cheap coins. Cheap for now. In 2 days with a itchy panic finger it might be expensive. I'm feeling another sell-off in waiting, this week maybe? |
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Thanks for the link above rpietila, it's looks to be an interesting read.
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Nice work. Can't wait til you have an Win installer.
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Yeah, if Satoshi had only built the protocol to be Greed-Proof like the USD and Gold, then maybe BTC would've had a chance... sad...
Yes! The computer would be able to see the $ in your eyes and then donate your BTC to charity before you could spend it! |
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Maybe add a flag to the transaction if there is a memo. The recipient can go the a website where the memo can be pulled up. Miner fees would subsidize the hosting of the memo, maybe paying 100 satoshi or something for the memo.
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Silence is Golden (for Avalon owners and ASICMiner share holders).
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