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763
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Bitcoin / Group buys / Re: DRILLBIT SYSTEM Miners - Thumbs 0.5 BTC (58 left), 8 Boards 1.6 BTC (16 left)
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on: November 05, 2013, 08:40:02 PM
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What a surprise... US regulations stopping us from retrieving cryptohardware.
"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety." - Benjamin Franklin
An Atmel microcontroller is not crypto hardware, and this group buy started Aug 2nd. so there has been a lot of time to organize components. Do a google on Atmel distributor Australia and you will see that Digikey is not the only player. |
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764
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Economy / Exchanges / Re: MtGox withdrawal delays [Gathering]
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on: November 05, 2013, 11:38:04 AM
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Is Gox even relevant anymore? Bitstamp and Btcchina both seem to be out performing Gox volume day after day. I mean who would realistically keep anything on Gox nowadays given their terrible track record with locking up funds?
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766
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Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales now open ***full prototype pics***
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on: November 05, 2013, 01:46:29 AM
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Ok,
Which one of you guys sucked up all the H-Cards? Couple of days ago they were aplenty. Out of stock now. Maybe Dave is just doing some adjusting. There were also a couple full kits available, pre-order now only. Guess we will see how it washes out.
All Hboards gone already for that price and btc gone up too. There were 152 cards available, just a few hours back!!! OOS now. Full rigs haves changed to pre-order  . Starter (8 were available) kits are OOS. One wild guess is that 100TH mine has scooped them up. They must have gotten use to their aircon bills and wanted more. |
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767
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Bitcoin / Group buys / Re: DRILLBIT SYSTEM Miners - Thumbs 0.5 BTC (58 left), 8 Boards 1.6 BTC (16 left)
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on: November 04, 2013, 11:22:32 PM
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TEX is crap, read my complaints in the TEK thread. The client source doesn't compile so you have to use a binary you don't have the source for. ZET is better than TEK but ZET was a massive insta-mine so it has no credibility, hence little price support. All the newer sha256 alt-coins are crap so far. I am still looking for one. Only TRC and PPC are viable atm. both have reasonably high difficultly compared to the other sha256 alts. |
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768
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Bitcoin / Group buys / Re: DRILLBIT SYSTEM Miners - Thumbs 0.5 BTC (58 left), 8 Boards 1.6 BTC (16 left)
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on: November 04, 2013, 09:42:57 PM
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I forget the site, but there is one that shows the most profitable coins to mine. BTC is usually #1 from when I checked. So, even mining a fraction of a BTC and then buying some PPC is usually better than mining PPC. But, if you find a coin you believe in, then mine it for sure. (And double check my words)
IAS
This is the one I usually think of - http://dustcoin.com/...but in digging that one back up I also came across a similar, if much more comprehensive, alternative - http://www.coinchoose.com/In terms of SHA coins they both show mining BTC to be the most profitable option at the moment, although another massive difficulty jump may change that. Or not, I suppose. Time, and relative values of the crypto-currencies, will tell. Coinchoose demonstrates what I said about the sha256 alt coins being undervalued. It's because none of them have a strong community following, they are all mine and dump coins that are not used in commerce, so they fetch way less than they should be given the cost of the specialized gear to mine them. I can make more daily profit with a $300 GPU than I can with $300 ASIC, and that's because the ASIC miners just dump coins at market price and drive the prices down. The ASIC miners should select one coin to elevate as an alt and support it's price. Probably TRC as PPC is a dud for confirmations. |
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769
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Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] mcxNOW.com : Deposit. Earn Interest. Trade.
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on: November 04, 2013, 09:02:49 PM
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My biggest problem with MCXFee is that we only get a portion of the divs and we on't really own anything. Selling the trading engine and the site will not give us a bitcent and if realsolid decided that a certain service is separate from the original deal of the fees shared...... we are screwed again.
It would have sound more promising if realsolid took the effort to enlist MCXFee on Bitfunder, Havelock and crytostocks. Generally really solid no one gives a satoshi about your identity the people just want the peace of mind knowing that someone out there knows it and willing to help in case you decided to screw us all over.
When I put money in a bank account I don't get to own the bank either. I might get some interest if I am lucky. mcxFEE are not stock equities, they are not intended to give you part ownership of mcxNOW, they are a simple investment vehicle like units in an investment fund, you are trying to compare them to something they were never intended to be. Yes, but you can take the bank to court if they don't return your deposit... Yeah, just look at Cyprus. |
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771
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Bitcoin / Group buys / Re: DRILLBIT SYSTEM Miners - 2.7 GH/s thumbs 0.65 BTC, 21.7 GH/s boards 2 BTC
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on: November 04, 2013, 10:36:55 AM
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We already have some samples. Our Avalon next gen design is currently in prototyping. I won't touch Avalon with a 10 foot pole, and I would imagine a lot of other people feel the same way. I'd give them a try. I'd even buy some chips off you :-) Maybe thats because i wasn't badly burnt by their last little stunt....... Avalon's credibility is stuck in customs. I was all ready to buy Klondike boards. |
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774
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Bitcoin / Group buys / Re: DRILLBIT SYSTEM Miners - 2.7 GH/s thumbs 0.65 BTC, 21.7 GH/s boards 2 BTC
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on: November 03, 2013, 09:23:02 AM
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I'm personally planning to direct my Drillbit USB at alternative SHA-256 coins when they are more profitable to mine than BTC, particularly PPC and TRC. No real need to stick solely to mining BTC, IMO.
The sha256 coins are under priced, none of them have a strong support community like say LTC does, so the strategy is simple, you mine and hold them, don't dump like you would a scrypt coin, and wait for rallies and pumps to sell softly only when you are sure the price is fetching more than the portion of BTC it represents when you mined it, that way you keep ahead. The trouble with mining BTC is you won't find a block unless you have many TH/s in your pool, by doing the alts at least you are getting something! |
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775
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Bitcoin / Group buys / Re: DRILLBIT SYSTEM Miners - 2.7 GH/s thumbs 0.65 BTC, 21.7 GH/s boards 2 BTC
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on: November 02, 2013, 09:44:22 PM
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Well I agree that they are a better price than KNC but they still won't break even... just too risky for me at this price/time.
Thanks, but I'll pass for now. I sincerely wish good luck to all that try though, you never know what can happen.
You don't know that it wont break even, as that is speculative on the future difficulty and the price of BTC/USD. |
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778
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Bitcoin / Group buys / Re: DRILLBIT SYSTEM Miners - 2.7 GH/s thumbs 0.65 BTC, 21.7 GH/s boards 2 BTC
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on: November 01, 2013, 01:49:38 PM
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Pity cex and ghash is now too expensive. I had my fun with virtual hardware. Made more trading than mining lol
The big farms have no future, aircon and other data center running costs will see to that. The ASIC manufactures pander to them, because there is less work to do when you only have to deal with one big client instead of lots of small clients. They are too lazy to develop a proper reseller channel like other industries do every day. |
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779
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Bitcoin / Group buys / Re: DRILLBIT SYSTEM Miners - 2.7 GH/s thumbs 0.65 BTC, 21.7 GH/s boards 2 BTC
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on: November 01, 2013, 01:41:16 PM
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I thought shipping was starting next week and that that devices were being built this week. Either way I'll be happy to see my miners arrive.
The better an well built batch 1 and 2 are , the better and more efficient batch 3 will be when barntech gets to that point [and the more intention for me to buy again].
I feel given the degree of info from Barntech et al, and also the fact that everything seems to be running to schedule, its a shame that batch 2 hasn't 'flown off the shelves'. Having experienced BFL (they still have some of my money!) and more recently Technobit (awesome product but communication and time it takes to dispatch etc are a little lacking) If I had the spare cash I would definately go for more Drillbits. I feel that until batch 2 goes, batch 3 is unlikely, unless an updated board etc is designed. Cannot wait to get these hashing though. 80gh come to poppa! Batch #2 was too expensive compared to batch #1. Remember we are in a market where prices have to fall all the time to keep up with rising BTC price and difficulty. Megabigpower screwed it all up with their unexpected 50% price increase on chip reels. I guess they didn't want any DIY competition to mine a coin that Ghash.IO could have. Drillbit boards will have to be below $300US if they want to regain the sales volume. With the chips back at for $160 for 8 that's quite possible. |
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