Hey thanks man   Just trying to make it harder for scammers to have free reign around here, as well as bringing legitimacy to those who deserve it too for delivering on their promises.

As far as updates, I am working on an entire site of its own to expand this into  

The market decides the value of BTC, not the miners themselves which is the only thing difficulty effects. The value of BTC does determine the ROI a miner can expect from their hardware investment, so it is in their interest to see BTCs buying power rise along with mining difficulty but the two are not tied together directly.

What kind of price is NOTHING going for these days?

I highly doubt that, please don't spread unsubstantiated rumors unless you wish to present some kind of evidence of this claim.



We have "crowd sourced" nothing as far as our design goes, so this doesn't apply. In a sense I suppose I did "crowd source" a team, but I could have done that on Craigslist as a job post. You seem to be implying we are stealing an open source design and selling it as our own without giving back, which just isn't true. It is a unique design from the ground up and not based on open sources. We are just selling specialty FPGAs of our own design optimized for Scrypt hashing, and thats it. We're not using open sources to solve major problems in the world the way van Ess describes.

If the tech came from open source originally, then yes I agree it should (and must) be "returned to earth" so to speak back to the community, as is the entire idea behind open source. Had we taken an existing design from open sources, changed it, and didn't return it and then profited from it, that would be wrong.

In fact the software we're developing to drive the FPGA is based on CGminer, and has a Java UI. As it is based on an open source software it will be released as such to the community as our own version of GUIMiner essentially (dubbed Igniter UI). There will be a customized variant with the device drivers included that will ship with them, but the core of it will always be open.




 

  Well, you are welcome to your opinions, which is all they are as you are no more informed than anyone else. I find most of what you posted out of context or just wrong and needlessly hostile, as such I will not entertain it further unless you want to speak on something specific that you feel we have done wrong. Everything you noted is already public record, so...

Or did I do something to offend you personally?



I had not heard of eMunie yet, I will check that out 

We don't have a confirmed price of any kind just yet, but definitely are shooting for devices that are no more spendy than their GPU counterparts for similar or superior performance. In terms of raw power usage they will be much better and much more friendly to scale up, so your ROI will be higher using FPGAs over GPUs either way

I PMed you early this morning BitcoinFX (Unless I forgot to hit send?...if you got nothing I apologize I did try earlier this morning  ) I spent a while today getting caught up with the many messages in my various inboxes.


It is really with no offense personally that I must tip-toe around these kinds of questions. I hope it is understood we have our own IP and as such I cannot divulge certain details. That is not to say however I consider it a closed book.

As much as I appreciate offers to help us develop this product, there is a fine line in terms of having too many cooks in the kitchen so to speak. I already encountered that issue sifting through the many developers that applied in the beginning, unfortunately many more got turned down than got "in". I had no idea around 20 of you would want to be a part of it, which totally blew me away. Decisions just had to be made.

What I gathered from this is there are many very talented and passionate engineers around the boards with great ideas. I absolutely encourage anyone with ideas and implementations that can't be a part of BlockBurner at the core (at least not right now anyway) to develop their own efforts. All of it helps create a stronger network which is the more important part. I am doing this personally because I want to see cryptocurrency succeed.

Who knows what comes next. SHA already moved to ASIC, Scrypt is now entering the FPGA phase with a wide market to tap, maybe a third coin with a different hashing algorithm will come about that needs a special device of its own. This is a wild west industry, it is anyone's game  

Legal legitimacy, yes. BlockBurner will very soon be BlockBurner LLC in my home state of Montana.

 It took a while to get to this point, but as a bunch of strangers at first no one was too quick to want to jump into binding legal statues. The project itself has been going since day 1 however, a lot of design work has been completed up to this point.

It may not be seen as something I really needed to point out, but I said this would be a transparent enterprise, and I meant it. This all started from the OP, you are watching the formation of a company in real time



That aside, awesome feedback! These are all great ideas we would be pleased to deliver. We have a fine balance of enough features to be good but not so many that we get bogged down in creating the first unit, some of these may need to be saved for future revisions. I really do like the prospect of remote/mobile management, as it appeals to the IT guy in me 

I'll link this into my CoinCanary sticky if that is alright 

I think more of the problem here overall is simply that the time when Bitcoin itself was alone is long over, and there is a large community here that wants to discuss other goings on in cryptocurrency at large but this isn't the place to do it. There is an overflow of "off topic" posting going on. Currently there are not a lot of choices out there. Other boards are also Bitcoin specific as well for the most part.

The explosion in the Altcoin board is proof enough of this problem, where Altcoins really need their own forum now as they outgrew the board here a while ago. Calls to expand this forum were rightfully put down, as this is a forum for talking about Bitcoin specifically, though if that means Bitcoin itself as a standalone currency or the protocol in general is where the line blurs a little. There was already a call to get an Altcoin forum going (altcointalk.org and altcoinforum.org) but those projects are both dead already. I noticed last time I saw altcoinforum.org it was completely hosed by spam accounts. I offered to help Altcointalk.org get off the ground and provide hosting but I never got a reply about it again.

I myself am working on a couple new boards to meet this demand.

If anyone reading this agrees with me, and has a mind to start a specific community forum (that isn't Bitcoin itself), PM me and let's talk. I can provide hosting for new forum projects.  Not to steal Bitcointalks thunder by any means, and I think it is a fantastic forum overall with a very vibrant and passionate community, but seems like branching out into either more general cryptocurrency boards or very specific ones (mining only for example) is the next logical step, and not force Bitcointalk into being something its leaders don't want. I can't blame them at all for that.

Very nice Bitcoinorama  Thank you for digging into them

No offense, but you clearly have no idea what mining is, as mining quite literally is a cloud based system with several independent nodes acting in unison through the Internet



They are awaiting BFL gear I believe, so it might be a while  

Ugh, you know I realized I am too tired to be thinking about this stuff too deeply, please disregard. My analysis of pricing is fundamentally incorrect I will admit.

My only real point was you cannot argue difficulty increase making mining not worth it without considering that the worth of Bitcoin can also increase/decrease along side it. If Bitcoin is worth let's say $1000 by next year, even mining a sliver of one would be worth it even at what would be perceived as insane difficulty by then.

Yes, if you use the speculation as your only method of investment recovery would be pretty reckless. There are several factors to consider, that being only one of them.

1 Bitcoin will always be 1 Bitcoin, but the variable is how much buying power they carry, and will be until someday it is de-coupled from Fiat currency and Bitcoin equalizes into its own inherent buying power without the measure of fiat pricing guiding it.

______________________________
To get back on point-

I have actually talked to the guys behind Cloudhashing who shared some internal documents with me as part of the initial Coin Canary investigating when I started it, they seem to be running a solid operation. I can't/won't vouch entirely as I have neither used their service or really heard anything from anyone who has, however.

It's up to you, a service like theirs is handy if you want to mine without having to plop down the full investment for the gear, energy, maintenance, etc. Whatever your returns are is simply up to the market itself, just like mining with your own equipment. The return is smaller, but your risk is smaller in renting.

Buying BTC you have to just hope they are worth more than you paid after time. Only risk there is the price tanking after you buy. This is assuming you are only looking at it as commodity investment.  

Buying a contract with a hashfarm, you may be able to mine more coins than you could have purchased outright for the same cost but takes longer, but therein lies the rub as it all depends on the volatility of the market and difficulty of mining. It gives you a medium risk to be a miner without putting down a large up front investment, with hopefully a better ROI in the longer run.

Then there is just laying down the big money for mining gear and running it yourself. Highest risk and expense, but possibly highest rewards as you get 100% of the output. Positive ROI takes much longer depending on your gear.

Basically by inflating the markets this way it creates a false economy that is not in line with actual supply and demand, since the supply is artificial.

Imagine a game of Monopoly. The banker just gives you money from the box for the asking instead of making you actually earn it, which itself is paper and inherently worthless and more can be printed at any time. You use that money to buy houses and hotels to put on your properties also bought with this money. The problem is you can overbuild past demand because you can just keep getting more and more money. This creates an artificial economy. Building hotels on properties without any actual demand or need for them soon makes them insolvent as no one stays there. Soon the loans need paid back, and there is no rent coming in for these properties you built. You default on the loan, the bank has to add it to a mounting pile of unpaid debt. Otherwise called "insolvency". Soon your wive leaves you, you lose your house and become homeless, and probably use what you have left to start a drug addiction.

China has been doing exactly this, however they are building entire cities that are inhabited by no one and give nothing back to their real economy. The building keeps people employed, and construction businesses alive, and commodities markets alive to provide the raw materials. Without large bank loans to fund this construction, it would all grind to a halt because these cities are not generating any revenue to repay the loan needed to create them. 50 million workers would no longer have jobs, and the economy takes a serious hit when the reality of supply and demand snap back in line with how it really is. Businesses close, commodities markets bust, stock market goes down in flames, etc. This is in the process of happening right now.

This is going on all over the world thanks to Bernake's money press pumping funny money into the system constantly just to keep it all moving. There is no demand for the supply, because the supply is being driven by money that is created out of thin air and given away as credit instead of spent by people with a need for a service or product.


You can see how Bitcoin solves this by not allowing this kind of debt as our fractional reserve fiat system does, as Bitcoin essentially acts like a loan made in cash only, instead of a theoretical liability for the bank that can always just get more of the FEDs endlessly printed currency backed on absolutely nothing. As these markets start to burn bright, Bitcoin can swoop in and save the day, just like Cyprus.

Well, have fun with your soon to be worthless fiat money then OP.

This is awesome I've been thinking about starting a similar movement where I am. Though I am from Seattle originally, so I hope to spend some coin next time I'm there

You can just use self-tapping metal screws too. The upside to them is you can quickly join the frame together without pre-drilling at all, downside is the protruding screw leaves a potential to snag yourself

In the end this is really the point.

Mac, PC, whatever platform does not matter in the slightest, it is all about what the GPUs can actually do. It is stated the new Mac Pro will have AMD FirePro GPUs. I was unable to find anything out there as to what their hashrate potential is. I imagine as these are very expensive workstation graphics cards not a lot of people have even attempted to hash with them, let alone post the results somewhere.

I realized I read the wrong thing, they will have AMD at the core.

Though still, this machine is not a mining machine no matter how bad you want it to be. You can certainly mine coin with it, but compared to a proper GPU rig, FPGA, or ASIC, good luck.

More governments have been overthrown in the last 5 years than any other time in history, and tools like Twitter were integral to that. Remember what happened in Egypt? They shut down the Internet and that just made it worse. That regime is now dead. They still have a lot of problems for sure, but the point is all over the world right now this second people are not standing for it.

https://en.wikipedia.org/wiki/2013_protests_in_Turkey the 99% there seem to have no problem telling the police and government go fuck themselves

This isn't in America yet because we're doing better than the rest of the planet, because we print the worlds reserve currency. But look at Detroit and other cities that are crumbling, more and more now broke, jobless, and/or homeless. We already saw some sparks with the Occupy movement. The more freedoms are encroached upon, the more reaction there will be. When people lose the comfort of American Idol and blissful ignorance, they will be face to face with a cold, disgusting reality that the rest of the world already knows. Most people here no longer trust the media, with the NSA being outed as the 1984 Ministry it is public trust in our banks and government is vanishing quickly.

Decent Human beings don't want to believe such evil exists because it is so extreme. But I think we're starting to wake up finally to the simple fact something must be done. I myself am a financial exile with noting left to lose. All I am doing with my time now is whatever I can to kick the status quo in the teeth, and I am not alone.

They can introduce whatever centralized garbage they want, they can't force anyone to use it. Moving to Bitcoin will erase the old debt on its own as that fractional reserve debt cannot translate into the Bitcoin economy.

The Globalists don't know who they are screwing with. We all own the Internet. We all own Bitcoin. We all own BitTorrent. We all are the new paradigm of open and free technology to solve our problems without a profit incentive, and open and accountable government system. In a sense Bitcoin is the first shot fired in a global Neo Civil War. Moving to our own money system should make it pretty clear we're done with the United Corporations of America and NWO banker globalist pigs.

I think we'll see Bitcoin's true power soon enough as it begins to reclaim the scorched areas of the economy and gives it back to the common people. There is nothing they can do to stop it, nothing they can do to kill the idea.

Should be a fun year