I've been supporting and mining this coin since its release. 80,000+ coins/day is just going to make them less valuable, as nobody seems to want to buy them.
It's all miners who want to dump, and nobody else seriously wanting to buy. I wouldn't want to buy them either, especially after all the hype from btc-e, and nothing exciting happening in the past while. If it doesn't make it to another exchange, or devs don't make something new for it, it'll end up just like CNC. What ever happened to that DGC bank idea?
If you want scarcity, then mine ARG. To make DGC increase in value, you need things to trade it for other than BTC, or a big hype campaign. |
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any news?
News on what? There is no announced product, it's just a thread asking for peoples opinions, or didn't you bother to read it? |
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too bad bill gates didn't get on forums back when windows crashed every day. windows 95 days. that's about the only thing that could top this.
There is actually not much to see here, a bunch of the same people, pretty much all of which have been on my ignore list since April, trolling each other. They inhabit every BFL thread. I am trying to keep it on course a little bit publishing BFL shipping updates when I notice them. |
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A bit early I think for that one.
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Wednesday, July 24, 2013 Shipping Update
by
BFL_Jody
07-25-2013 at 11:05 AM
Jalapenos through November 8, 2012.
Little Singles: None shipped today. Stopped on June 25, 2012 orders.
Singles: June 23, 2012
MiniRigs June 23, 2012 Jalapenos still winning today too. |
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Thanks to all for ideas. I was thinking about something similar to erk's sub 10Gh/s market. Seems like 1BTC(or 99 usd, or max. 50 USD per Gh/s) for 2Ghash/s USB device would be a good price. Hopefully I can provide an update with some good news after a week. Let's see what we can do with time to market  If you can do 2GH/s from USB (2.5W), it would sell like hotcakes. Move over Avalon, BFL... It would put all these other players out of business. Not if it cost 10BTC, you can only charge more than you competitor if you do something obviously better. The key issue at the moment with ASICs is availability, almost all the players are extremely poor in this area, they don't seem to understand the basics of medium scale production lines. |
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Digitalcoin and Argentum blend in too easily with the rest of the continuous stream of new coins. The dev team for this coin is still working on services to utilize them.. until those are released there's not much to differentiate why one should pick these coins over other, "prettier" coins like Primecoin or Anoncoin (frankly they're all the same to me...) I admit I probably played a part in it by advertising them ruthlessly on btc-e.. DGC made it onto vircurex, so it's not too farfetched to think about the potential of it getting on btc-e as well. So, everyone who bought into DGC/ARG and drove the price up are now getting back out. Network hashpower and price are now back to where they were ~10 days ago. Also note, DGC went up to .0007 already in the past before this, and this is ARG's first spike.. so it's nothing really out of the ordinary. Also, I should mention a btc-e dev mentioned in the chatbox a few days ago that they have no intention of adding new coins whose networks don't have a respectable amount of hashpower, so it'll be a while yet. I haven't sold any of the DGC/ARG I bought because I have faith in the dev team's work. Hopefully I'll make my BTC back eventually but till then.. think i'll buy some more  I was under the impression that the only coins that had a greater hashpower than DGC were already on BTC-e, is that not the case? |
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NVC doesn't seem to be paying out either automatically or cash out.
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It's not down for me.. Oh right, I forgot to give you guys access after I finished adding CAP. My bad  It just came back up a minute ago for me. |
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It sounds like more or a parts organizing issue rather then just assembly force, they are always out of PSU's for Singles.
I don't understand why they don't just send raw circuit boards to customers. If I'd ordered from BFL, I'd rather get a board and figure out power and cooling myself then sit around and wait for months and months as the difficulty goes up to get my stuff. If they had tested boards to spare, I am sure it could be a viable option for those that like to tinker with hardware. |
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It's been down for an hour for me. |
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Here's what I don't get: They obviously have tons of money, why don't they just hire some temp staffers to assemble and ship the units? They could even use a temp agency - with the unemployment rate being what it is, how could it be difficult to find people capable of stuffing circuit boards in boxes and running some tests? The 500Ghash rigs might be more difficult since they are so ridiculous inside. Oh well, more blocks for Avalon uses I guess It sounds like more or a parts organizing issue rather then just assembly force, they are always out of PSU's for Singles. |
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Adding CAP tonight or tomorrow.
This is the last scrypt coin I will be adding until after PPC and the SHA-256 multiport are set up.
CAP, really? Franko, Anon and Fastcoin have been even more profitable lately (ANC peaked over 1000% on the 22nd). Not complaining, your pool is awesome. Keep up the great work! Fastcoin has been the top of the Coinchoose chart but if you check the profitability with stales it's been lower than NVC. Franko seems like one of those tiny coins that we'll get 10 minutes on. Of course, the same could happen with CAP, but we'll see. At least CAP has over 100MH network hashrate already. Franco has 720 blocks retarget cycle with 4 times a day difficulty changes - this coin will have wild swings like ARG. In reality it took about 1.5 hours (instead of 6 hours) last time to mine those 720 blocks with 430Mhs network speed. This coin is not going to make it unless there are changes to difficulty adjustment rules. CAP on the other hand has dynamic difficulty adjustment, so after MP will jump on it, it will take very short period of time to bring the difficulty up and make it not so profitable - it will be very interesting to see how it will perform with multipool instant on hash rate. What's CAP short for? Haven't heard of that one yet. |
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The Block Erupters were too slow and expensive, but they sold because they were lower power consumption than using a GPU to do the same thing. Difficulty has gone up so much that you need more hash rate per dollar to get a reasonable ROI. 2GH/s sounds like a good speed, like others have said, it depends on price and more importantly availability, you can charge a premium if the things are actually shippable. If you have to wait months in line, then people will go for an entry level BFL or Klondike or similar. Most of the newer players seem to be focusing on higher hash rate, expensive devices, and are leaving a hole in the sub 10GH/s market that needs more viable alternatives.
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Anyone got confirmation that their chips have shipped yet?
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I've been following this thread for a little while now and holy crap the FUD! Finally something I can relate to.
I agree with most of what both of you have said. The one part I don't agree with you 100% is the assumption that all ASIC miners will auto sell all their coins. I know I won't sell all of them, sure I might sell maybe 25-50% back to fiat until I get my money back. The rest I plan on holding and to think that all ASIC miners will instantly sell BTC to their choice of fiat is an assumption none of us can make, because we just don't know.
I too can't see why the introduction of ASICs would cause any more BTC sales each day than before, it's not like there will be anymore BTC actually produced each day. Miners have always had a huge investment in hardware to recoup, be it a farm of GPUs or ASICs, whatever holding/sale ratio they have been doing for years will probably continue. |
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Arg still holding steady around 0.0009 The ARG price on Cryptsy just crashed to 0.00045 in the past hour or so, any idea why? I can see any announcement that would have effected the price in a negative way, if anything it should be rising. Same with DGC to a lesser extent, it's like someone is trying to drive the price down. |
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Reached pm limit, if you got any questions you can mail directly to bitcoin@anotherhost.se, I'll check with my co-workers tomorrow to see if we can get a miner hosting service going for those that want us to pick up and host knc miners. Good night. You might want to research/clarify insurance requirements for this type of gear, as the items are reasonably expensive. Also someone is going to have to organize the ATX PSU and install it. |
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For the observers, we can tell that the math has been off by a decimal, but that's not actually stupid considering it is still applied math, and yet a common mistake.
You don't have to be a BFL fan to be shocked and amazed that someone doesn't know how many billions make a trillion, and then ask how his math is wrong when he "removed two zeros". The math isn't the issue, it's the persistent trolling from the person that attracts critical responses from others. If he didn't troll, the math would be corrected and glossed over, the thread would move on. |
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