Is ROI from just mining important? It seems to be the holy grail.

The way I look at it, is if I mine with gen 1 ASICs at a loss and it now costs me $50 to mine each BTC, then guess what, I just got BTC for less than half the market price! I can trade on that. Obviously miners that just dump are going to loose out, but miners that know how to make profit trading will have an advantage over traders that paid more for their BTC. My ROI and more will come from the trading.

the 500GH/s miner was a flop, it was meant to be a 1,500GH/s miner, but BFL screwed the power consumption calculations, so the 500GH/s was a hack job to still honor their commitment for a certain number of GH/s at a given price.  It wouldn't surprise me if the reason BFL were shipping the 500GH/s units so slowly was they wanted to replace them with a less power hungry chip for months now, but weren't ready to announce 28nm product.

You need to appoint some mods, and set some simple rules as a sticky at the top of the subforum that's having problems. The mods can then enforce those rules and people calm down pretty quickly. The OCAU forums I hang out on, if the mod thinks there is something offensive in a post, they snip it out, and put the reason in bright red where the text was that broke the rules, and give a warning all can see if necessary. They don't just secretly delete content without giving a reason, it's all above board.  Locking derailed threads is important too.

They probably haven't started designing it yet, remember they announced a break for a couple of months early next year to do so.

I am thinking Avalon via TSMC, and KNCminer gen 2. That's assuming the staff of Avalon haven't been lynched by an organized crime gang or something.

 

Should be ok, the final rate is one coin every 30sec. that's still 2,880 coins per day for miners to fight over.

For sure we will see some 20nm next year, but will it be better ROI than 28nm? Normally new tech has a premium. There is lots of margin on the current 28nm ASIC offerings, so room to move there.

Oh wow, that's really cool!

Thanks heaps for that.

The big farms like ASICminer need to make a profit or their shareholders will scream.

p2pool requires you run a wallet on your PC for the coins.  ZET creates a block every 30sec so keeping the block chain up to date on your PC's wallet is a pain.

p2pool can't deposit directly to an exchange like coinex.pw it can only send to your own wallet on your PC, so it's not as flexible as a proper pool.

So have all the problems been sorted out yet? Looks like a nice exchange I am thinking about using it.

People will switch them off to save electricity until such time are they are profitable to run again.

I got banned 600days on BTC-e for mentioning coinex.pw twice in chat! It was simply in response to someone asking where they could buy ZET atm.

How bizzare, do they hate you?


I have never had a ban before on BTC-e not even a minute. Looking back through the trollbox archive I did mention coinex.pw 4 times in an hour, as there was a little discussion about ZET going on. Oh well, I removed all my funds from there now, I use to do 10-20 trades a day, their loss, not mine.

The problem with your prediction is it ignores the causes of their past delays, eg having to last minute re-design the entire product line due to missed power targets, and assumes they haven't learnt from that. You might be right to some extent, but they don't have a track record of missing targets by 2 years yet. I certainly wouldn't fork out $4,680 without seeing a working prototype, same goes for KNCminer, Hashfast etc.

SHA256 pennies though, Cryptsy has not seen new SHA256 coin for ages.

Sweet, thanks for that.

Found a bug. I went to withdraw my small BTC balance, and there was no way to cut and past that in, when I try to select it on the left it moves a graphic element instead. So I typed in the amount by hand, clicked send, which worked, but it  now says the BTC balance is negative -0.0001BTC   and there was a mention of some network fee at the top of the page near the transactions list. It shouldn't be able to go negative, it should stop my transaction and mention the network fee before sending.

Must have been down for a while, https://coinex.pw/trade/zet_btc says last trade 6hours ago.

I did jackass, all the rest are p2pool.

I am surprised there is only one pool. I know that scrypt pools rule, but I would have thought a couple more would have sprung up. I guess because ZET is only on a beta exchange (which isn't working atm) that people wont take it seriously until it hits Cryptsy.