btt

[creativex]

OK, OK.  I was just playing devil's advocate to get the discussion going.

Besides, it looks like Avalon's handling of refunds is even less timely, responsive, and transparent than their hardware division.  People have been waiting 20 days with no confirmation much less refunds.   

Yes, their communication is lacking...well it stinks quite frankly. Still they've been the best source of reasonably priced efficient hardware for the past several months.

Cheers.

[miTgiB]

OK, OK.  I was just playing devil's advocate to get the discussion going.

Besides, it looks like Avalon's handling of refunds is even less timely, responsive, and transparent than their hardware division.  People have been waiting 20 days with no confirmation much less refunds.   

Yes, their communication is lacking...well it stinks quite frankly. Still they've been the best source of reasonably priced efficient hardware for the past several months.

Cheers.

Have you compared with the new pricing on the 10G asicminer blades? How do they stack up?  On the face they still seem a bit higher but what do I know.

[creativex]

**Important Announcement**

(4)BFL Single SCs Added

Dear virtual shareholders,

bASIC-MINING is pleased to announce the further expansion  of it's ASIC mining hardware with the addition of (4) Butterfly Labs 60Gh/s(single SC) ASIC mining units. The newly obtained ASIC mining hardware will be brought online throughout the day(July 12) and will be contributing to mining revenue as soon as tomorrow. With this new addition bASIC-MINING has increased it's hashing power to approximately 465,000 Mh/s or 9.3Mh/s per share.

Cheers,

CreativeX

https://btct.co/security/BASIC-MINING

[stslimited]

did you just double your hashing power?

[creativex]

did you just double your hashing power?

I did.

I have two singles online now hashing for us at polmine.pl. Details to follow.

[creativex]

Travelling today, so will be unavailable. I'm going to try to calculate today's dividend earlier than usual and queue it up, but I may end up just paying PPS and squaring it with tomorrow's divvy.

Cheers.

Bring some new miners as gift from the travels as usual !

Yessir.

[yimfinity]

did you just double your hashing power?

double hashing power = double share price? i kid, i kid...sort of...

[stslimited]

did you just double your hashing power?

double hashing power = double share price? i kid, i kid...sort of...

I don't think that is so far fetched, do your own calculations but share price has remained as a proportion to dividend yield for some time here

and this was .04/share (split adjusted) before the ASICs began arriving, so this illuminates what BASIC-MINING investors are willing to tolerate

[creativex]

I have three online, the fourth is being a pain. Won't detect with either cgminer or bfgminer.

These things run HOT.

Edit: Got the fourth online, but had to connect it to my server which I'm not crazy about.





Pictured is the four singles and one new Antec HCP-1300 Platinum 1300w modular PSU. I actually obtained two of the Antec platinum PSUs in addition to the 4 BFL single SCs and a powered USB hub for a grand total of 503.44BTC. One of the beefy Antecs should be able to handle all four Singles and the other should easily handle our four module batch 3 rig when it arrives.

Cheers.

[miTgiB]

Travelling today, so will be unavailable. I'm going to try to calculate today's dividend earlier than usual and queue it up, but I may end up just paying PPS and squaring it with tomorrow's divvy.

Cheers.

Bring some new miners as gift from the travels as usual !

Yessir.

With this addition, does it make sense to continue with the GPU's?  I know they have to be shut down sooner or later, and with a major jump in hashing power, it might be an opportune time so it won't be missed, plus I doubt you need to fry eggs today

[davos]

With this addition, does it make sense to continue with the GPU's?  I know they have to be shut down sooner or later, and with a major jump in hashing power, it might be an opportune time so it won't be missed, plus I doubt you need to fry eggs today

Alternatively, would it be at all worth it to point the GPUs at LTC?

[creativex]

Travelling today, so will be unavailable. I'm going to try to calculate today's dividend earlier than usual and queue it up, but I may end up just paying PPS and squaring it with tomorrow's divvy.

Cheers.

Bring some new miners as gift from the travels as usual !

Yessir.

With this addition, does it make sense to continue with the GPU's?  I know they have to be shut down sooner or later, and with a major jump in hashing power, it might be an opportune time so it won't be missed, plus I doubt you need to fry eggs today

Perhaps. I have three singles running off a tiny netbook right now and it keeps coughing and sputtering, requiring me to restart BFGMiner. Often one of the singles fails to detect upon restart, which is a pain. The whole thing is very messy compared to the elegance of Avalon rigs, but hopefully they become more reliable over time. The one connected to my server is also running off BFGMiner 3.1.1, but hasn't had any issues. If it's the netbook that's causing the problem, I may just swap it out for a real computer which would allow me to run at least a couple vid cards mining LTCs while directing the BFLs. That kind of change is down the road at any rate, for now I need more cooling, these things are running too hot. BFL has not designed adequate cooling for the units and they're throttling...air temp is 20c in this room, so there's really no excuse. Off to pick up a second AC unit...

Cheers.

[creativex]

With this addition, does it make sense to continue with the GPU's?  I know they have to be shut down sooner or later, and with a major jump in hashing power, it might be an opportune time so it won't be missed, plus I doubt you need to fry eggs today

Alternatively, would it be at all worth it to point the GPUs at LTC?

Yes. Burnside added stratum which requires a more recent version of CGMiner. I was using GUIMiner to keep things easy to swap, but the version I have deployed is too old to benefit from stratum, so I need to upgrade that before switching back to kattare. The change is small potatoes compared to babysitting the ASICs so I've been prioritizing.

Cheers.

[Youngbill]

Proud new owner of some Basic-Mining shares  

[creativex]

Proud new owner of some Basic-Mining shares  

Welcome aboard Bill. Unless things go VERY wrong today, tomorrow's will easily best our largest dividend ever.

[djjacket]

Well he is sitting on 429 BTC from the sale of AM.   

I guess we know what he did with the coins from the sale of AM 

[creativex]

Well he is sitting on 429 BTC from the sale of AM.  

I guess we know what he did with the coins from the sale of AM  

Hi djjacket. It was not going to be a super dividend week for AM. We had a healthy profit, no reason to leave it on the table. I suspect we'll get more mileage from a 240Gh/s boost to our own hashrate. We've now doubled up our hashes, have 100+ Gh/s on the way and still have over 1000BTC in reserves.

Cheers.

Edit:

15Min average at polmine...still climbing.

[bobboooiie]

1000BTC more to spend? wow! what are you a magican  ? Also prepare for another split I quess 

[creativex]

1000BTC more to spend? wow! what are you a magican  ? Also prepare for another split I quess  

lol

I'll accept thrifty...even cheap...and proudly. We have 1031.935 to be precise. We raised 1872 in our IPO thanks to our awesome virtual shareholders, and then did extremely well with ASICMiner shares, collecting a healthy 73.1% profit while supplementing our dividends during our dark days. Going forward we'll have solid reinvestment fund growth(2.5+/day) to sustain us and help keep us on the happy side of network expansion. It's always been my goal to build a virtual company on a solid foundation. I haven't done anything without keeping long term sustainability in mind.

Cheers.

[lunarboy]

I think tonight is a Champagne night.    

well a reefer and a few ales at least