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I had no trouble accessing the projectklondike website earlier, but you are correct--they are both up now. |
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Steamboat was not been online since 12.November! Before at least he has logging every day even without saying anything  It could be a coincidence, but: I am not getting any response from the Liquid Synergy Designs website. I only tried moments ago; before that, I hadn't tried it for weeks. I don't know how long it's been down for. I was trying this because of the October email: If you would like to request your units shipped as-is, please ensure the shipping address provided on your [LSD website] account is correct... |
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So now that the issue is the project development itself, aren't we eligible for a refund?
We bought these miners on the basis that building the miner was an easy step which will be done the next day after delivery.. Well, this is not the case and I do demand a refund, this is the BIGGEST BS in history having to wait for something that's depreciating in value by the minute for that long because the provider isn't capable of building it.
I've had enough of all the "news" which bring no news to me, I don't get how a HW engineer can't pull this shit together, I wonder what he's getting paid for?
Has anyone answered this? |
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84500 (seconds in a day) Sidenote, 86400. |
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Received refund for 450 chips. When did you submit the refund, and when did you receive it? |
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What is the windows data directory structure
Found it in the wiki, deleted all except address dat and wallet.dat and the blocks are reloading. thanks.
Since I came to this thread by search engine, having experienced the same problem (with the Namecoin Qt client), I will add that for anyone's future reference, on Windows 7 at least, you can just type "%appdata%" (without quotes) into the address bar of a Windows Explorer window, and it will take you there. blogospheroid, on the off chance you read this, and have not learned this lesson in the past two years: when you find the answer to questions, it's more helpful to others if you share what the answer is, or link to it, instead of just saying "I found it". |
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The question of this thread is whether it makes sense to accept delivery of a 60 GH/s BFL miner, purchased before the price increase (and hashrate reduction), with likely delivery within the next month.
If you can take delivery before the next difficulty adjustment, you have a good chance of ROI. Delivery in a month? No chance of profit. Could you remind me where I can find out the projected time of the next difficulty adjustment? Also, can you provide some numbers or point me to a source to support your claim? Thanks for your input. |
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For those posting that they've gotten their refunds, would you mind posting when you requested the refund? Might be a useful nugget of info for those waiting for refunds...
I have not yet received refunds, for refund requests submitted on Sat 9/14. (One of two was resubmitted on Sun 9/15, due to lack of confirmation in the browser window the first time. Possibly a browser issue.) I received one of these chip refunds today (9/30). (It's the one from the request submitted on 9/14 that was not resubmitted.) |
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incoming news.
From whom, about what, and how do you know? |
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Here's your chance to own an awesome domain! asicminer.us Isn't this domain squatting? |
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Or is there some reason you expect a significant drop in the hash rate growth rate very soon?
I think in the future the best case scenario for hashrate will be leveling towards flat, I can't imagine a scenario short of a algo change or a major blow to Bitcoin where the hashrate will actually drop in the foreseeable future. Could be wrong though, also interested in ralree's explanation for his optimistic outlook. I don't expect the hash rate to ever drop, so long as Bitcoin continues to grow. I was talking about the hash rate growth rate dropping, and whether there's some reason to think that may happen soon. |
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Here's another way of looking at the potential for continued long-term exponential growth (but I think it uses the same line of thinking)...
+1. This is what I meant. Thanks for the down-to-earth calculation. Don't let TheGenesisBlock's calculator (which is awesome, btw) trick you into thinking we're going to have a larger (hashrate-wise) network than we will. Remember - nearly everyone advising you against mining .. is a miner  . I would still take delivery on a $1299 60GH miner. amer provided some useful info and perspective as it relates to a longer term view. However, AFAICT, short term--if the hash growth rate stays the same (very roughly 100%/month) for the next 2-3 months, then this miner will not even approach breaking even in terms of USD. Am I wrong in my calculation? Or is there some reason you expect a significant drop in the hash rate growth rate very soon? |
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Do you realize that by April you have the network at 120PH, May 240PH, June 480PH, July 960PH? This growth is unsustainable. The biggest gun out there at the moment is 2TH. It'd take 60k of them in April or 2000 a day. 120K of them in May or 4000 a day. 240K of them in June or 8000 a day. See where this is going?
No, I didn't realize that. That's good info, and it's why I started this thread. However, it seems to me that this growth rate only has to continue for about 2 months to make my purchase worthless or worse. Can you cite any evidence to the contrary, or that even this short-term continuation is unlikely? |
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How about you punch in the real difficulty, not some down tuned figure. It's 148 not 86. Bitcoin Block Explorer agrees with you. I'm new to the Mining Dashboard. I think maybe instead of starting from the main page, I started from someone else's estimate, so it plugged in their old difficulty. Thanks for the correction. My new (crazy optimistic) calculation indicates that it won't even approach breaking even. Can anyone cite evidence to the contrary? |
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Yes, the network will continue doubling in size every 30 days .. forever. Just like it did with video cards. Oh wait..
It's not a doubling in size, it's a doubling in hashrate. This is the ASIC revolution; the hashrate of each new device is increasing at a much faster rate then it did with video cards over the last couple of years. It doesn't have to continue forever for my crazy optimistic calculations to serve as a benchmark or envelope; it just has to continue for 3 months or so. I don't see any reason why it's particularly likely to change in that time. If you do, please share. |
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Your math is different then mine. Here's my math (screenshot below), which is crazy optimistic in every way, except for the non-overclocked, exactly as-specced hashrate. How does yours differ? I am even by December
That's roughly consistent with my screenshot above. And it barely grows past that. If I actually take delivery, I estimate I might get it in late Oct / early Nov. I'm postulating that since it looks like I won't even break even, that I should request a refund--and I'm here looking for second opinions.  |
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What are you basing your costs on? (EDIT: at $1299, before the price increase) |
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Using your criteria it's much worse than that: http://mining.thegenesisblock.com/a/cc632f9ecbWith 0 pool fees, misc costs and electricity you still wouldn't even earn back half what you put into it. This is assuming your assumptions are accurate of course, but any way you slice it, it still doesn't look good. It seems I forgot to state one of my criteria: (EDIT: at $1299, before the price increase) |
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I hate to keep being Debbie Downer but I am confused as to why some of you don't seem to understand the current situation. As of right ‘now’, even if you got the chips for free, electricity for free, SB shipped the boards for FREE, you WOULD NOT make ROI. In fact if someone came up to me TODAY with a fully functional (as in 4.5GH with no hardware errors) K16 board and asked $80 for it - I would not buy it at this point. Again - https://docs.google.com/spreadsheet/ccc?key=0Ah7ZJVoobFY7dDRGQk1kdmJmaUJwZENKZUdNejJlWEE#gid=0Realistically if you start mining today, a K16 might produce 0.5BTC before it hits electricity/reward break point. Erm, if everything was free, your investment was $0 therefore ROI is at $0. Everything you mine would be profit. Not "everything". In his hypothetical scenario, chips, electricity, and shipping are free. I infer that means the assembly and boards themselves are not. |
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