That was my first thought. In the mini plane you have very little clearance between boards. I thought Barntech said a fraction of an inch?
Anyway, the looks aren't first to me. The Fury chips work fine with heat (and perhaps even better if not running too cool - I heard that somewhere) so we probably don't need the most optimal heat sinks, just something aluminum. (Like that last one).

Just hope you buy some BTC before it goes to 500 ;-)
A lot of us are not in it just for the money. As long as you are mining though, you are taking part in the greatest social experiment of all time. (And helping to control the corrupt banks)...

Great news. I like the idea of removing a company from cashing my BTC out. I do like the security that adds, but the fully "decentralized" approach is a nice option.

Appreciated - You listened to customers,
IAS

I'm definitely in on wanting Heatsinks for the 8 chip boards. No need to put those on the customs declaration though. 
Speaking of which, including a legitimate receipt on the outside of the package means it often goes right through customs (and we just get a bill).
If you ONLY have a description with price (not a real invoice) there is a good chance we get a letter from Customs and have to open it and explain before we can take it home (depending on your country).
The receipt included on the package should probably match one of our receipts.

Agreed and no disrespect meant. If the price of BTC is going up, who is going to want to pay more for the same service? As much as I like BTC, it is too volatile to think of a reoccurring subscription.
Things need to be listed in USD and if you want to use BTC to pay, then use Bitpay and it does the auto instant conversion.

I am much less likely now to join if the price of BTC is constantly rising.

Interested in trying the service though,
IAS

eheheh, When do we hear the crack? If I understand you correctly, the recent signs of the IMF talking about a 10% "tax" on EU citizens with "positive net worth" might be the early warning signs. Chase bank and some others limiting out of country money movement might be another. I just get the feeling that either later this year or sometime next year, we are gonna have some fireworks. And they will put pressure on BTC in some way or fashion. But, they are trying to save a sinking ship and the longer we go, their chances just go down (The corrupt banking system.) If the public runs to BTC, what will the governments do? Listen to corrupt bankers who everyone hates? I think the shit hits the fan at that point and the bankers will be more concerned for their lives then holding up their corrupt system. And I don't think the military will protect them either. Times are a changin...

I think the "fair price", well that is a tough one. Right now it looks like BTC is an asset. It is starting to increase as a payment system. Can it be both? Does that make sense? I can argue both ways. I sure don't like spending my BTC! Not a good start for a payment system, but perhaps we will find a happy medium. I think it is too alarming to say a fair price for BTC, especially if it is an asset and that appears to be what it mostly is right now. But, let's say this, we won't be talking about the price per BTC. It will be fractions of BTC for practical everyday reasons. Can you imagine a market cap of 1 Trillion dollars some day? ehehehh, ok a bit crazy, but 1 trillion divided by 12 million (with growing consistent demand to keep the price stable) would put us at around $83,333 per BTC.      A more reasonable figure of 100 billion would put us at $8,000 per BTC. A market cap of 100 billion is TOTALLY believable and still small to me.

I should add one thing to my above $ or BTC question, as I factored it in to my trading "judgement". If you had just bought and held BTC, would you have more BTC now than trading? I think that clarifies things.
So, if you have 10,000 at the start of the year - that is e.g. 100 BTC. How many BTC did you finish with? That is the easiest measure of success. If you have 20,000 but only 99BTC, then you lost a BTC and money. I don't look at dollars as the goal is BTC (but oddly enough for them to increase in USD value! LOL). Relating to the above question of "When will we know?" - When BTC is near or is decoupled from the dollar. Just as gold will probably do as well.

Interesting,
IAS

Nice commentary once again. You are a very very structured trader. I am surprised you have not gone in during the strong up move. I understand and respect your decision but have a question for you:

Is success having more $$$ in your account or more BTC? Or something else?

I measure my success and failure in BTC. If I can obtain more BTC things are well. That is what I am in this for (outside of what it represents and is doing to finance as well of course.)

Anyway, following you along very closely. I am curious about pull back levels to add more to but looking back (e.g. Silk Road crash), we are on a tear. It seems that when drops happen, you have to be real quick to get in (rather you need to have open orders sitting below as the price doesn't spend much time down on the drops. I see the 165 level as possible, or rather did, but the higher we go up, the more I think a retracement is less likely down there.

Something to consider, my BTC analogy: Imagine there is only one publicly traded company on earth. It is a financial related company and it brings relief to a corrupt world. There are only 12 million shares. What is a fair price? 

Great luck and keep it up,
IAS

Hey Otoh, long time.

I would like to mention, transitting mars entered BTC's 2nd house (personal finance in this case) on Oct 2nd or so.
That is the day of the silk road drop and it hast not really stopped going up since. Mars will move out of the 2nd and into the third house on Nov 5/6th.

Of course things are more complicated than that, but it caught my eye more than anything. Remember, the rise in March/April earlier this year
coincided with BTC's Sun moving through aries. (BTC's chart is a Leo rising, ruled by the sun - very significant). Mars is another fire planet and significant in BTC's birth chart.

IAS

Wow! Congrats! Must feel good, does for me. Was out all day and I come home to this!

I take it it is a thumb drive? How did you get it to 2.7Ghash/s?

If you can get the 8 chip boards doing that (I know, much more complicated).

Good job and keep it up.

IAS

I know Burnin Mining was shooting for 5Ghash/s per chip using an external clock BUT I haven't heard anything about that again. So, My guess is 2.5 and stabile. To get to 2.7 it is probably going to be pretty inefficient for guys like me with .28 kwh electricity to pay for.

Close close, so exciting! A real miner and not just an erupter.

Good point Erk and perhaps Barntech utilizes that in the future. I think it clearly helps out everyone, brings more business too imo.

But you lost me at the mention of BFL! LOL (You should add "And then you will get your miner in 1 year...")

Thanks for the updates and threads.
Pretty amazing that KNC is catching up with the orders so quickly.
It is looking like they might get out the remaining units by mid week? But at least by the end of the week? Ideas?

Guys - Changing the voltage is not a big deal. If it was, Barntech would have said so. He didn't, he got our input.

To go with the 12volts is such a better decision on so many levels. You should research it and then you would see. Look at the thread in our other forum - http://drillbitsystem.com/forum/index.php?topic=2.45 I did my research and got feedback from miners who are VERY experienced with PS's. 12V miners is the way to go, but not the end of the world if we go with a 5v miner.

If we go with 5V I will be content, but it will cost each of us more money and give us fewer choices of PS's.

IAS

I hope not. It sounded like it isn't a difficult change to make. Hopefully we hear about that soon so we can order some PS's.

Having a German bank is HUGE. With all of the banking problems going on right now, having a bank that is trustworthy will bring a lot of business your way imo.
The German site BTC.de has Fidor to but at this time won't allow Americans. Bitstamp has a Romanian bank (solid bank but still a worry going forward.)
I can imagine Kraken being a very popular exchange due to that, along with the features.

Question - Is your company also located in Europe (or just the U.S.)?

Thx,
IAS

Let me help you with the typing,

The last 3 on ebay in the last 2 days (in hand) sold for: (There were more auctions with high buy it now prices that didn't sell.)
$8500
$9995
$8399
($8965 average)

So, 500 Ghash/s works out to an average of $17.93 per Ghash.
I got 4 boards or 1 miniplane. The latter should get me around 80Ghash/s at $1300 w/ shipping. (Not including taxes).
That is $16.25 per Ghash/s. Now it is going to come weeks later but for a smaller unit to compete in price with a larger one is pretty nice.

The point though, is judging by how much miners sell for on Ebay, if you chose, you could probably get back more than you paid. (at least for the next 2-3 weeks.)

Still, for us small guys, a hobby that might pay for itself (and judging by BTC's future, will return a profit, probably a large one. Not as much as buying BTC's now, but still, not bad...)
And to have helped out the Network and taken part in the greatest social experiment of all time (and one that might change the world), I'd say the value is...

PRICELESS

IAS

I was looking on ebay. It is amazing what Miners are selling for. For example, look at what you can buy a November delivery on a 500+ GHash/s Jupiter. ($5000 through KNC).
Now look on Ebay, I see them going for 7k. I really think some people can't or don't want to buy BTC and are willing to pay a premium.
Also, we were all taking a chance to profit on these, but I want to take part in Bitcoin. If miners stay unprofitable then I will take part in other ways, but
I am really looking forward to doing this regardless. Still a huge hobby for us that gives back some money. Indoor metal detecting anyone? 

IAS

12volts would be better in every situation due to the current design of PS's (heavy on the 12v side, light and running another converter on the 5v side). So yes, 1 mid sized PS could power hundreds of watts with no problem. Check the thread I linked to above. That is where the PS discussion is.

IAS

It depends if we go with 5V or 12V power. If we go with the former you might need 1 PS for each miniplane. If we go with the latter, you could power 4 miniplanes with 1 mid sized PS.
(5V requires more amps to power less basically, 12V can power much more with half the amps.)
It was brought up here, hopefully we go with the 12V. http://drillbitsystem.com/forum/index.php?topic=2.45

IAS

I'm wondering the same thing. Here is my post from a few weeks back.


Hopefully our chips are there or arriving. I think Barntech is finishing the boards up anyway, so he couldn't do much with the chips but would be nice to know if Megabigpower delivered on time.

IAS