Well it's been over 3mths since this thread started and the FTC diff recalculation is still totally out of touch with reality.

504 block corrections with 41% adjustment is not working, almost every time I look FTC is way off the 2.5min block target. There have been at least 2 FTC releases since this thread and it's still not fixed.

FTC would probably be worth twice what it is if it worked properly.

I am just getting a blank secured page when I go to www.coinex.pw today.

Refunds are not better, they don't make you any ROI or profit.

http://hashfast.com/miner-protection-program/


I read that, not a bad idea.

Nice idea.

Coinex looks ok, though it says Beta.

No problems getting the BTC out?

If that's the case then I suggest others do the same if they need to withdraw funds and find another site to convert them. There are no shortage of BTC -> USD exchangers around.

Just about all the ASIC manufacturers you mentioned are killing their own markets, incredibly short term thinkers. WTF were BFL thinking last year when they announced the 1,500GH/s Minirig? They got millions of dollars of orders for the things, from people that don't need to be mining at all if they can afford $30k a rig.
Why are Avalon taking orders for millions of chips, does the net need that much?

Same goes for KNCminer and the Bitfury 400GH/s units. Why release such powerful systems onto the network? By the time they ship they will be over priced and useless. What's the follow up, go 28nm and sell too many GH/s again, then what? That's as far as the tech goes, after that there are only price wars which will close most ASIC manufacturers, Moore's law wont save them, the diff rate increases are way faster. Had these people stuck with a 20GH/s product like the Drillbit board we would all be better off, and they would have had a sustainable market. ROI comes not from the number of GH/s you have, but how much those GH/s cost you. The Drillbit boards at $300 for 20GH/s are better ROI than an Avalon Batch #3 which will never pay for itself, nor will any BFL product shipped after Oct, including the Monarch which is now eta Feb 2014. If we get the Drillbit boards in Oct they will make positive ROI.

If I was an ASIC mining rig seller, I would place a limit on how many you can order. If necessary conduct random draws to even out the distribution.

The ASICs are mainly going to rich people, this is not how the Bitcoin network was intended to be. It was meant to be decentralized like the good old GPU days.

Pull the loud fans out and replace it with the types that has the switch to change speeds.

Interesting article:

http://www.coindesk.com/bitcoin-law-what-us-businesses-need-to-know/


Seems miners have to register with FinCEN too.

Jalapenos recently have been going out at about a weeks worth or orders per day.

It amazes me that people are talking about a fast motorcycle ride instead of about the KNCminer PCB article on their site which has been up for over a day now.

megabigpower.com don't have the reels of 3,000 chips on their site anymore. I don't know why, you can buy individual sample chips at 1BTC each but what is the point of samples if you can't then buy bulk?

So, a batch #2 is looking shaky atm. which is sad, because I like the specs of this project the way it is. We'll have to wait until Monday to see how many chips are left from batch #1.

There was less than 600 chips left when I placed an order 2.5hours before the notice went up. Someone after me placed  40BTC order. I would say there are not all that many chips left now.

Ah that explains why payments later on were not going through for people! It pays to read the first post in the thread  doesn't it!

I think what they are doing is milking people that have access to lots of money, in order to be able to afford the Monarch cards in the first place. Most of these people would not need to mine BTC, they would be better off simply investing in crypto coins with their funds. All these 28nm ASIC promises involve tying up funds for several months. You can earn several percent per week trading crypto which is instant ROI.

The the watts per GH/s will become an issue eventually next year, but at the moment the ROI in terms of BTC per day from the upcoming difficulty hikes is what ASIC miners are watching. Underclocking should be possible, but even with a full overclock, the power consumption of the board is going to typically cost $3-$6 per month depending where you live.

I put through a payment an hour or two  ago and it went though ok. Maybe it's hit a daily limit now or something?

It's very clear, read the first few sentences of the first post in this thread.

Why did they put the price up? Most ASIC prices are coming down with gen 2 stuff on the way.

Surely that much increase will kill the ROI.