ninthgate
Newbie
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Activity: 27
Merit: 0
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September 22, 2014, 08:45:27 PM |
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Nartz. Maybe I wont receive that refund I've been waiting on.  |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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elitenoob
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September 22, 2014, 11:43:11 PM |
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Nartz. Maybe I wont receive that refund I've been waiting on. Speaking of that, is it actually good for us that marshalls seized their stuff, or rather not  |
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MrTeal
Legendary
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Activity: 1274
Merit: 1004
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September 23, 2014, 12:52:04 AM |
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Nartz. Maybe I wont receive that refund I've been waiting on. Speaking of that, is it actually good for us that marshalls seized their stuff, or rather not Given that they had just started shipping Monarchs and looking at how the HashFast saga has gone, I would say it almost certainly is not good for BFL customers. |
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spuushie
Member
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Activity: 67
Merit: 10
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September 24, 2014, 02:24:32 AM |
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And I decided to quit drinking, darn But there's the instant hungover  |
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Lab_Rat (OP)
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September 24, 2014, 02:35:15 AM |
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The bonus hardware has finally been removed from GHash. I'm glad we're no longer supporting such a large pool. It is on a private PPS pool that will allow for 0 variance whatsoever. When live stats become available I will add them to the website.
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Endlessa
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September 25, 2014, 03:05:51 AM |
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ninthgate
Newbie
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Activity: 27
Merit: 0
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September 25, 2014, 08:36:33 PM |
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Wouldnt it be interesting if bfl were mining with unshipped equipment to fund refunds, and now with the receivership, no more mining, and btc hashrate stabilizes, making the difficulty not rise so dramatically?
Pure, outrageous speculation, but fun thought none the less.
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grnbrg
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September 25, 2014, 08:40:24 PM |
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Wouldnt it be interesting if bfl were mining with unshipped equipment to fund refunds, and now with the receivership, no more mining, and btc hashrate stabilizes, making the difficulty not rise so dramatically?
Pure, outrageous speculation, but fun thought none the less.
Fun thought, but I suspect BFL is a small player in the chip building business..... grnbrg. |
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ninthgate
Newbie
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Activity: 27
Merit: 0
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September 25, 2014, 11:53:42 PM |
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Wouldnt it be interesting if bfl were mining with unshipped equipment to fund refunds, and now with the receivership, no more mining, and btc hashrate stabilizes, making the difficulty not rise so dramatically?
Pure, outrageous speculation, but fun thought none the less.
Fun thought, but I suspect BFL is a small player in the chip building business..... grnbrg. This, plus I dont think bfl produced the devices to use in a surreptitious mining scheme. They screwed the pooch, it seems. If they had sold in batches, like everyone else did/does, they wouldve been, imo, a more successful company. I suspect they got overwhelmed by the volume, and then noticed the big piles of cash, and said, "screw it. We cant deliver, so we may as well turn up the bass until if and when we get shut down." I still want my cup warmer, usb powered jally. That wouldve been a cool little toy. |
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DemocraticRepublicOfDave
Member
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Activity: 77
Merit: 10
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September 26, 2014, 09:00:09 AM |
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All those who received miners from BFL though, you probably will make your money back.
You have a little bit of bitcoin history. I suspect they will become collectors items in a few years.
Actually I'm not kidding.
Cheers
Dave
(hmm. am thinking BBC's Antiques Roadshow in 30 years time... - ok - now I'm kidding).
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grnbrg
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September 26, 2014, 01:48:19 PM |
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All those who received miners from BFL though, you probably will make your money back.
You have a little bit of bitcoin history. I suspect they will become collectors items in a few years.
Actually I'm not kidding.
Cheers
Dave
(hmm. am thinking BBC's Antiques Roadshow in 30 years time... - ok - now I'm kidding).
Heh. I've actually wondered if some collector might eventually be interested in ShortBus... grnbrg. |
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Lab_Rat (OP)
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September 27, 2014, 07:52:34 PM |
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Distributions paid:
Mined: BTC1.73092112
Per Contract: BTC0.00000970
Bonus: BTC4.75951255
Bonus Per contract: BTC0.00002668
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countduckula
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September 27, 2014, 08:54:04 PM |
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Isnt that a bad return for the bonus hardware on the new PPS pool? 20% less? compared to the 10% loss in the "bonds" bought hardware.
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ninthgate
Newbie
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Activity: 27
Merit: 0
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September 28, 2014, 07:26:41 AM |
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Isnt that a bad return for the bonus hardware on the new PPS pool? 20% less? compared to the 10% loss in the "bonds" bought hardware.
It wouldnt be proportional, since operating expenses are covered through the bonus pool. Worse, those expenses occur in usd, and btc has been down. The irony is if btc were up, we'd all receive more btc... |
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Lab_Rat (OP)
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September 29, 2014, 02:18:53 AM |
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Isnt that a bad return for the bonus hardware on the new PPS pool? 20% less? compared to the 10% loss in the "bonds" bought hardware.
It wouldnt be proportional, since operating expenses are covered through the bonus pool. Worse, those expenses occur in usd, and btc has been down. The irony is if btc were up, we'd all receive more btc... and it keeps dropping...... |
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spuushie
Member
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Activity: 67
Merit: 10
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September 29, 2014, 05:24:43 AM |
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Isnt that a bad return for the bonus hardware on the new PPS pool? 20% less? compared to the 10% loss in the "bonds" bought hardware.
It wouldnt be proportional, since operating expenses are covered through the bonus pool. Worse, those expenses occur in usd, and btc has been down. The irony is if btc were up, we'd all receive more btc... and it keeps dropping...... Why? I am sure there is a thread about it... Can someone point me to it pls... Or explain. TY |
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ninthgate
Newbie
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Activity: 27
Merit: 0
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September 29, 2014, 09:52:19 AM |
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Isnt that a bad return for the bonus hardware on the new PPS pool? 20% less? compared to the 10% loss in the "bonds" bought hardware.
It wouldnt be proportional, since operating expenses are covered through the bonus pool. Worse, those expenses occur in usd, and btc has been down. The irony is if btc were up, we'd all receive more btc... and it keeps dropping...... Why? I am sure there is a thread about it... Can someone point me to it pls... Or explain. TY No one will be able to give a definitive answer. The glib answer is that there are more sellers than buyers. Id guess its dollar strengthening, same reason gold and silver. Btc are more speculative than the pms, and have seen that in monstrous downward pressure. Inefficient miners will get shaken out if they need to convert btc to usd to cover operating expenses. Of course, this creates a vicious circle of more btc being sold on the market, driving prices lower. Weak hand miners have got to be getting nervous. Curiously, alts, particularly doge, have made gains in btc terms. I shouldve hedged more in doge than I did, but its all largely a guessing game. |
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DemocraticRepublicOfDave
Member
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Activity: 77
Merit: 10
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September 29, 2014, 12:00:12 PM |
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Isnt that a bad return for the bonus hardware on the new PPS pool? 20% less? compared to the 10% loss in the "bonds" bought hardware.
It wouldnt be proportional, since operating expenses are covered through the bonus pool. Worse, those expenses occur in usd, and btc has been down. The irony is if btc were up, we'd all receive more btc... and it keeps dropping...... Why? I am sure there is a thread about it... Can someone point me to it pls... Or explain. TY No one will be able to give a definitive answer. The glib answer is that there are more sellers than buyers. Id guess its dollar strengthening, same reason gold and silver. Btc are more speculative than the pms, and have seen that in monstrous downward pressure. Inefficient miners will get shaken out if they need to convert btc to usd to cover operating expenses. Of course, this creates a vicious circle of more btc being sold on the market, driving prices lower. Weak hand miners have got to be getting nervous. Curiously, alts, particularly doge, have made gains in btc terms. I shouldve hedged more in doge than I did, but its all largely a guessing game. The speculative money is moving from BTC to the v2.0 (stealth) coins perhaps? where large swings are still occuring. Cheers Dave |
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grnbrg
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September 29, 2014, 12:41:47 PM |
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Another cross-thread repost. Whoa. grnbrg. |
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