btt

[freedomno1]

Thanks!

What are these "$" thingies you've scattered throughout your post?

That thread is a train wreck to be sure. Carnth had some wise advice back a few pages as I recall.

That thread is a train wreck, thanks for the Avalon update now I wonder how the Klondike project will turn out.
Regarding the return are you going to go for the refund creativex and how many BTC is it worth or wait on Gen 2.

[creativex]

Hi freedomno1. I'm a bit lost, as we don't have any Avalon chips or Klondikes on order.

We have Bitfury rigs on order for October delivery.

Cheers.

[JimiQ84]

Doesn't this: Due to delays we are now offering full refund in bitcoin for all the Avalon Generation One orders made on any date, It is advise for people to request refunds due to the delay and raise of bitcoin difficulty. apply to our Third batch Avalon, which was pre-ordered?

[freedomno1]

Hi freedomno1. I'm a bit lost, as we don't have any Avalon chips or Klondikes on order.

We have Bitfury rigs on order for October delivery.

Cheers.

No my apologies I saw avalon news and was like wait we had avalons in the Basic thread ha-ha
This one is my mistake

Cheers.

[creativex]

Doesn't this: Due to delays we are now offering full refund in bitcoin for all the Avalon Generation One orders made on any date, It is advise for people to request refunds due to the delay and raise of bitcoin difficulty. apply to our Third batch Avalon, which was pre-ordered?

Hi JimiQ84. I'd think not as we received our batch 3 pre-order on August 5, though certainly if Yifu wants to send us a refund as well to compensate for the delay then I won't complain too strenuously. I believe the newsletter was referring to bulk chip sales and trade-ins. Programs with which we, fortunately, had no part in.

https://bitcointalk.org/index.php?topic=130982.1040

[creativex]

Hi freedomno1. I'm a bit lost, as we don't have any Avalon chips or Klondikes on order.

We have Bitfury rigs on order for October delivery.

Cheers.

No my apologies I saw avalon news and was like wait we had avalons in the Basic thread ha-ha
This one is my mistake

Cheers.

No worries, I'm just keeping abreast of changes in hardware availability. Gen2 upgrade modules for our nine Avalons would be an interesting proposition, but they'd have to be priced aggressively and available for immediate delivery in the near future to be compelling. 

[MilkyLep]

It's great Bitsyncom will remodel their pre-order/sales buisness, really it is. But from my perspective, a drastic change within the company needs to occur before I return any respect much less BTC to them.

I know bASIC has had far more positive experiences, but Yifu's updates are still just words. And you must ask yourself, is Yifu a man of his word?

However I find solace in the next-gen compatibility with Klondikes, hopefully this will allow those specialists to recoup their time, money and other losses.

Regarding the Labcoin thread, I'm still wading through posts back from the "hashing" "update." I suppose they made the deadline, dividends one week from hash startup is understandable. Even if they missed their target hashrate, without much explanation. Wouldn't it be something if they were hashing with bitfury gear or avalon chips though! 

Speaking of bitfury, one day closer to October delivery!

[creativex]

Hey MilkyLep, I share your perspective re:Yifu. That said, I make every effort to check my feelings at the door when it comes to business decisions. I'd only consider further business with Avalon if it made solid financial sense for bASIC-MINING and it's investors. The risk that Avalon/Yifu will fail to meet their obligations going forward is at an all time high and It'd be a mistake to ignore that if/when contemplating future purchases.

Labcoin...meh. Don't even know where to begin to describe that circus.

Cheers.

It's great Bitsyncom will remodel their pre-order/sales buisness, really it is. But from my perspective, a drastic change within the company needs to occur before I return any respect much less BTC to them.

I know bASIC has had far more positive experiences, but Yifu's updates are still just words. And you must ask yourself, is Yifu a man of his word?

Regarding the Labcoin thread, I'm still wading through posts back from the "hashing" "update." I suppose they made the deadline, dividends one week from hash startup is understandable. Even if they missed their target hashrate, without much explanation. Wouldn't it be something if they were hashing with bitfury gear or avalon chips though! 

Speaking of bitfury, one day closer to October delivery!

[guitarplinker]

Here's the Labcoin thread in a nutshell:

First read the dog's speech on the right, then read the gnome part from right to left, then read the right dog's speech.

[creativex]

LOL Yeah that pretty much sums it up.

Thanks for the laugh man. I love Monty Python. They should've squeezed a "your father was a hamster" in there.

[carpetbagger]

That's pretty funny, but you forgot "amazing company" 

[JimiQ84]

http://cointerra.com/?wysija-page=1&controller=email&action=view&email_id=6&wysijap=subscriptions

so I guess creativex is getting $6000 ready to order january delivery of Cointerra Terraminer IV if their december pre-orders start to show up :-)

[creativex]

Guess I'm getting predictable eh? Pre-orders with long lead times are horribly risky and they're finally starting to be met with closed wallets. CoinTerra has been fairly responsive to feedback which is a good sign. In response to criticism re:complete lack of specs they've recently posted this:

We have updated our FAQ and product details in the web shop with additional silicon details :-

Global Foundries 28nm HPP
FCBGA Package
1.4GHz clock frequency yielding a minimum of 500 GH/s
0.765V
State-of-the-art Liquid Cooling System

Meanwhile their price scale has fallen from $7.875/Gh to $6.9995/Gh for December to $2.9995/Gh for January which is actually getting close to reasonable. Now if they'd just come up with a decent bulk pricing arrangement. A 1.78% discount for committing to a 5x2Th gamble 3 months out is rather underwhelming. If they take *THIS* post to heart we may just have a winner:

A 1.78% discount for pre-ordering 5 expensive rigs is weak.

Edit: 10% off a January 5 pack with a solid delivery date might be worth considering given the enormous risks involved.

https://bitcointalk.org/index.php?topic=269093.msg3137446#msg3137446

[JimiQ84]

did we actually got any BTCs out of middlecoin? everytime I check spreadsheet, there's lots of zeros

[creativex]

did we actually got any BTCs out of middlecoin? everytime I check spreadsheet, there's lots of zeros

Hi JimiQ84. BTC? No. Satoshi dust, yes. Middlecoin pays at unpredictable times of the day, so if I do not have a payment from them by the time I calculate 24hr earnings then I simply leave that field blank. Grand total received from middlecoin is: 0.22242836. Last payment received was 0.01002828 on 9/10(dispersed on 9/11). txid: d7793db2878c69ac0b33dda08b27e299c8ee3586a257230252b3a4ff4e075c24

Please realize that GPU mining is not very profitable and generates a ton of heat. This heat has to be removed as it heats up our ASIC hardware, lowering their output. This can quickly costs us much more than we make from the GPUs. For these reasons, the rig feeding the GPUs is often put to sleep. Colder weather and a less bullish BTC exchange rate could change this situation, but we're not likely to make a ton of BTC off our GPUs.

Cheers. 

[JimiQ84]

did we actually got any BTCs out of middlecoin? everytime I check spreadsheet, there's lots of zeros

Hi JimiQ84. BTC? No. Satoshi dust, yes. Middlecoin pays at unpredictable times of the day, so if I do not have a payment from them by the time I calculate 24hr earnings then I simply leave that field blank. Grand total received from middlecoin is: 0.22242836. Last payment received was 0.01002828 on 9/10(dispersed on 9/11). txid: d7793db2878c69ac0b33dda08b27e299c8ee3586a257230252b3a4ff4e075c24

Please realize that GPU mining is not very profitable and generates a ton of heat. This heat has to be removed as it heats up our ASIC hardware, lowering their output. This can quickly costs us much more than we make from the GPUs. For these reasons, the rig feeding the GPUs is often put to sleep. Colder weather and a less bullish BTC exchange rate could change this situation, but we're not likely to make a ton of BTC off our GPUs.

Cheers. 

Thanks for info. I realize the heat problem, so I hope you will soon experience some crazy winter time. 

[creativex]

Me too, though I don't like shoveling snow. Other factors that would make our GPUs more profitable include:

1) A less bullish BTC/fiat exchange rate. This would lower our ASIC purchasing power and would be an overall negative for us.
2) Gox management finally showing some competence and getting LTC listed on their exchange. Let's not hold our breath shall we?

Cheers.

[guitarplinker]

Creatives, thought you might be interested in this auction: https://bitcointalk.org/index.php?topic=292497.0

[creativex]

Creatives, thought you might be interested in this auction: https://bitcointalk.org/index.php?topic=292497.0

Thanks guitarplinker, I'll keep an eye on it. That's about the necessary price range at this point. Unfortunately it's in CA, auction/escrow/shipping will take time and difficulty is set to go up a further 27% in 32hrs. I'm hesitant to deploy further funds in G1 hardware with current difficulty projections. In fact I think we should begin looking at a system in which we can liquidate our G1 equipment at a rate similar to our additions of G2 hardware. I've been mulling over the best way to achieve this and will put those thoughts into words in the form of a motion in the near future.

Cheers.

[guitarplinker]

Well it's sitting at 25.5BTC right now and ends in 7 hours.

The Genesis Block says it won't ever break even though, it'll be at best $800 in the hole if you paid around $3700 for it. Not sure if their estimates are accurate for long term growth though, I think when KnC ships it'll be more than 100% increases per month.