I am hoping to have everything set up by the end of the week. Beyond FB and Twitter I would like to have an IRC channel, teamspeak/skype/vent options maybe, etc. BFL's problem is based around keeping their customers either in the dark or reporting conflicting information. Starting up this way hopefully will alleviate any "is Blockburner a scam?" posts in the future. All official announcements will be handled by me to ensure no one is left behind through a variety of effective public mediums. A subReddit is a great idea, I will incorporate that as well.

I am thinking payment options would include BTC/LTC, and USD, so Paypal would be an option. Diversifying  will allow everyone to pre-order no matter your currency of choice How best to mitigate crypto-currency holding price fluctuations are something to be decided a bit later.

My little rig cost around $850 through Newegg and Ebay, which puts out around 1 GHash/Khash at full overclock in CGMiner. At current Litecoin difficulty I can pull about 3 coins per day.

Gigabyte mobo
Sempron 145
2Gb gSkill RAM
donated hard drive from my collection
3x Sapphire OC 7850 1gb (OCd to 1100/1250 using Trixx)
Silverstone 850w modular PSU

Overall I am satisfied with its output and performance, as 1 Ghash/s was what I was hoping to squeeze out. the kicker is that even as such my machine is no match to others that have been building their GPU/FPGA rigs for some time already. It still can pull in a nice residual, but need more power to keep up with everything going on. So many other coins popping up I would like to be able to harvest several at the same time. This amount of power only gives a meager performance if directed at one pool.

Naturally in about 2 months Bitcoin mining with this thing will be a moot point when the ASICocalypse hits. Which is why my attention is now on Litecoin  

That is definitely a goal. This machine is to be specialized for Scrypt unlike other FPGA miners available now, which perform better for SHA256. While they can mine Scrypt coins as well they are not as productive as they could be. Though the power savings alone over running several GPU's may be enough 

Along with BTC, I think as a Litecoin mining device there will be an option for Litecoin payments too, and regular USD to appeal to those who want to mine coins instead of buying them (naturally they would have no coins yet).

As part of the web building I will be doing through the rest of the week, bi-weekly newsletter will be incorporated We'll have Facebook, Twitter and some other things as well coming up to keep everyone updated in a variety of ways.

Operatr

Update:


The dev team is now getting on to our new project home with Atlassian, discussions are already flowing for hardware considerations to develop the ideal FPGA for Scrypt and an initial Git has been posted. We will be breaking up into specific teams in due time as everyone gets settled in. The project page comes complete with a Git repository as well for, as the intent is to release the client software as an open source package.

Meanwhile I myself am getting the home website up and running, with community forums.

More to come soon!

Operatr

I wonder why all the other market graphs failed to display the point at which Bitcoin became so powerful it broke spacetime

+1 for NetCoin

I had no idea what I was going after when I started, but this is what I came up with in the end. There are some trace elements of previous entries, some good ideas in here  -

I'm getting the impression that Forbes doesn't like (or even remotely understand...) Bitcoin-

http://www.forbes.com/sites/steveforbes/2013/04/16/bitcoin-whatever-it-is-its-not-money/

http://www.forbes.com/sites/louiswoodhill/2013/04/11/bitcoins-are-digital-collectibles-not-real-money/

Not like we care, fiat is just as fake to us.

Watching this closely 

Nice to see an altcoin that isn't just a slightly reworked Bitcoin/Litecoin, but actually has something unique to offer. These kinds of alt's will go far, I think most of the others will be fun in practice but will die eventually without adoption, or at least surviving as a kind of "crypto-commodity", actually mimicking gold in the way they are traded for "spending coins" like BTC and held like precious metals and stones, but themselves not really accepted anywhere individually (merchant's arn't going to want to have to accept 20 kinds of coin without a much better way to do this).

Other problems occur like what happened to Terracoin, a single powerful miner ruined the gradual difficulty curve forcing a correction just so GPU folks could mine again. The only alt-coin survivors will be those that are actually fundamentally different and mined different. Like this project, Litecoin with a Scrypt hashing algo and large coin base, and BTC as the king of SHA256, these distinctions actually try to improve on things instead of starting a 1:1 copy, like Byte(myass)coin.

Best of luck with this Tacotime, look forward to mining some MC2, which for my 2 cents:

ZeitCoin   (fan of Zeitgeist Movement to free the world of the financial shackles)
Cryptoons   (crypto doubloons)
Mazuma(coin?)



...Eh, Im just spitballin here  Whatever it is called it sounds interesting, look forward to more.

Well, that is true, in the end they are the same breed, they just differ on a few points. Though it does follow the pattern in that Litecoin would overall be worth less per full coin but many more of them, so not as rare as Bitcoins are, silver to gold in a sense and the exchange prices will probably always reflect that, assuming somehow Litecoin doesn't win the end (it could, you never know). I think it is an accurate way to explain them to someone who doesn't know what Bitcoin or Litecoin are without a 2 hour long conversation on why they are different at the technical levels.

Meanwhile, Bitcoin's price is starting to rise again 

165k would do you just fine to retire on, assuming you also have a working time machine to retire sometime in the 1940s

Not too hard of a plan, in theory. There was a time in this country when that was possible for a middle class person. Jobs paid well enough to support a whole family, have a good savings and retirement benefits locked. If you spent less than you earned long term you have savings.

Generation Screwed, on the other hand cannot afford to save anything really. We all work menial joe jobs that barely get us by hunting for a better opportunity that never comes, as our negative feedback loop of crushing student debt and other loan debt that will never be repayed on top of it, our only "wealth" being debt. Everything is much more expensive than it used to be, and our money is worth less and less (94% devaluation over the last 95 years). I will never have a retirement package waiting for me later, no trust in that kind of promise from faceless amoral mega corporations. That security is gone, the only one who can look out for your ass in the future is you. For many like myself, Bitcoin is a chance at a new kind of business, and maybe a chance at a better future by investing in what could be the tip of a financial iceberg. The system abandoned me a long time ago, I only spend what I earn now, which is meager, and at this rate always will be as a wage slave. The old world has nothing left for me, so it is now my life's mission to make sure Bitcoin succeeds the way we all hope it does.

Even as a trained, experienced IT manager, I still cannot find any work in this town that pays much more than much easier ones. I essentially gave up my career at that point swearing never again. But the entrepeneur and techie in me has found a new love in Bitcoin 

https://www.google.com/trends/explore#q=litecoin%2C%20bitcoin&date=today%2012-m&cmpt=q

I find it interesting that both graphs of search interest match up with the market valuation charts, showing a significant decline on search trends following the mini-crash trends. I also though it is interesting that Litecoin rode Bitcoin's wave as well a bit, though still the mass media hasn't really reported the other cryptocurrencies (probably still trying to get a grasp on Bitcoin itself lol, we tell them there are more around 10 at this point their minds will implode  ). I wonder if Litecoin is due to rise right along Bitcoin as intended "silver"?

It seems forgotten in modern economics that the human factor is worth watching too. Start to see Litecoin search increase rapidly might be a good time to invest.

Indeed, I thought about something like a Bitcoin Business Bureau, a place for a community vote to reflect the business practices of these new companies. I'm not trying to be overzealous, just keeping people informed in a better way as this new industry emerges. Scammers just discourage people from being interested in Bitcoin, and unfortunate reality that could be mitigated, in the end the community pulse is the best measure for the general consensus. So this will will just be a quick glance of which companies have delivered. I had a different intent when I began this, like most coiners I'm learning as I go too.

Just a simple question, are you a Bitcoin believer, or just a tourist as long as the mass media isn't making an uninformed spectacle of itself.

Whichever you are, post your reasons either way.

I don't think anyone has seen anything real from them, I'd be cautious

With 1100 clock/1250 mem 1.46 vcore    and   --intensity 14 --lookup-gap 2 --thread-concurrency 8192 --worksize 256 -g 1     I am able to pull in around 370 KHash/s mining Litecoin without any stability issues or cgminer errors, averaging 955 KHash/s with 3 cards.

The team is just now being cemented while I get our home base in order, so no ETA yet but hopefully soon. This is pretty much day 1   And I agree, which is why BlockBurner will be a community driven company. Much like Local Motors (the community engineered Ralley Fighter car), the idea is to crowd source a design for a production device and utilizing open source solutions whenever possible. My position in it is overall project management and business logistics, organizing funding campaigns, design, and handling final production and distribution in house. Everything will be made transparent as to company operations and finances.

Bitcoin is a community built protocol, I think businesses around it should be built the same way. If this is the future of currency, then we must create the future of business to support it. The community spirit is the most pervasive element of the protocol. The response I am seeing here is evidence of that.

This is why I have no wish to simply fish for people willing to submit their money to a pre-order and hope for the best like other companies. A properly crowd-funded campaign is the better way to go for a bootstrap industry, so that is the approach I am going to take. BlockBurner has nothing to hide. Funds will only be delivered when a known point is reached that should suffice to fund that stage of development. This keeps expectations in check, and clarity to the process. Unlike BFL there will be constant updates and publicly accessible accounting so you know where your money is going. There will be a way to opt out as well if you change your mind, though refunds can only be done so long as those funds are not invested toward the goal. Until goals are reached, BlockBurner will take possession of nothing, safe in escrow until then and not before. The dev team will be compensated for their good work at project completion, in a way that is decided as fair, likely a reserved front row stake in a Batch 1 device.

Nothing is wrong with crowd funded efforts, but these companies are doing it wrong. I want to fly right by the community with transparency so I never see "is BlockBurner a scam?" pop up here someday. There is no trust being developed by these companies by being dodgy, not a good way for a business to start out with a cloud of doubt over it.

The response here is awesome guys, I have been working on getting things set up on my end non stop, I will do my best not to disappoint you.

All devs interested in this project are welcome to PM me, I am getting things organized and we will break things up into separate focus groups soon and start talking about the logistics.

To the devs I have talked to so far, thank you again for your interest, you will be hearing from me soon as I get the BlockBurner site forums up over the next day or so. I am going to also try an integrate a project management system.

New logo  




Operatr