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dbbit
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January 24, 2014, 10:45:47 PM |
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400 GH will probably only earn around 5 BTC mining nonstop from now until it is no longer viable.
That assumes a perpetual exponential rise in difficulty of about 80%, which isn't sustainable. E.g. by the end of the year, ASIC companies would have to ship 5000ph of mining power per month, or the equivalent of 4 million KNC Neptunes. There isn't another leapfrog in technology available like there was from GPU to ASIC. |
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starsoccer9
Legendary
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Activity: 1630
Merit: 1000
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January 25, 2014, 12:08:42 AM |
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I would like to think that hashfast would have been smart and like they said have the best interest for their customers by just shipping the MPP right away with the units but instead we will basically end up waiting another probably 90days for the MPP to ship
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PuertoLibre
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Activity: 1890
Merit: 1003
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January 25, 2014, 12:35:43 AM |
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400 GH will probably only earn around 5 BTC mining nonstop from now until it is no longer viable.
That assumes a perpetual exponential rise in difficulty of about 80%, which isn't sustainable. E.g. by the end of the year, ASIC companies would have to ship 5000ph of mining power per month, or the equivalent of 4 million KNC Neptunes. There isn't another leapfrog in technology available like there was from GPU to ASIC. Never doubt that the mining community will find a way. I would suggest the future is going to be hosted mining farms. With end users having to pay for pre-purchased slots for computing power. The next gold rush are miners who have colocation contracts that can handle at least 25 miners. The pre-purchased slots (like version 2 of Pre-Order schemes) will pay for the entire farm long before it pays for the slot. |
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jspielberg
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January 25, 2014, 01:14:13 AM |
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Seems like it would be more efficient to just buy Bitcoin than rent an asic farm.
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itod
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Activity: 1974
Merit: 1077
^ Will code for Bitcoins
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January 25, 2014, 01:49:41 AM |
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Seems like it would be more efficient to just buy Bitcoin than rent an asic farm.
Always was (since Avalon batch #1), always will be. |
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joshv06
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January 25, 2014, 02:49:29 AM |
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I just got tracking. It is Priority Overnight.
Shipped today at 5pm. Expected delivery on Monday before 10:30AM.
Is this what Fedex calls Overnight? 4 days?
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allinvain
Legendary
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Activity: 3080
Merit: 1083
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January 25, 2014, 02:57:43 AM |
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I just got tracking. It is Priority Overnight.
Shipped today at 5pm. Expected delivery on Monday before 10:30AM.
Is this what Fedex calls Overnight? 4 days?
It's the weekend bro! FedEx has their regularly scheduled soccer match (with your boxes) on the weekend. Give them a break  |
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jspielberg
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January 25, 2014, 03:00:41 AM |
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I just got tracking. It is Priority Overnight.
Shipped today at 5pm. Expected delivery on Monday before 10:30AM.
Is this what Fedex calls Overnight? 4 days?
Yeah... I noticed that it said "Deliver Weekday, Residential Delivery, Direct Signature Required" on my tracking. It was supposed to arrive today before 10:30, but it didn't actually make it to my door until 2PM (left hashfast in California wednesday). That "deliver weekday" seems that they can realistically only ship Monday through AM Thursday. The box was moderately, beat up... but there was some pretty hefty styrofoam in the corners, and it is mining steadily at about 420GH/s reported in minepeon, 380GH/s at eligius. |
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joshv06
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January 25, 2014, 03:05:41 AM |
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Man WTF. I paid for the most expensive shipping when I bought the BJ's.. I think it was UPS Overnight AM. Wtf.. 4 days.
I bet they're not even gonna refund me the extra shipping I paid for..
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paranoidx
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January 25, 2014, 03:23:53 AM |
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Man WTF. I paid for the most expensive shipping when I bought the BJ's.. I think it was UPS Overnight AM. Wtf.. 4 days.
I bet they're not even gonna refund me the extra shipping I paid for..
LOL @ refunding the extra you paid for your shipping. I still don't understand why more people aren't suing these guys. I guess they'll just get away with it and laugh it out like BFL did. BTW, Ninjarobot, did you get that call about the MPP today as promised? |
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PuertoLibre
Legendary
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Activity: 1890
Merit: 1003
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January 25, 2014, 03:39:24 AM |
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Man WTF. I paid for the most expensive shipping when I bought the BJ's.. I think it was UPS Overnight AM. Wtf.. 4 days.
I bet they're not even gonna refund me the extra shipping I paid for..
They will, just bring it up. UPS Overnight AM is next day. Not in 4 days. There is definetly an error. Make sure to get a bit of coin back. |
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minternj
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January 25, 2014, 04:16:10 AM |
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So still no word on mpp?  |
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ninjarobot
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January 25, 2014, 04:28:56 AM |
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BTW, Ninjarobot, did you get that call about the MPP today as promised?
Nope. |
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joshv06
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January 25, 2014, 04:52:17 AM |
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I am sorry. But I just don't see them shipping us MPP. HashFast has taken bets on us and failed. Except instead of them paying the price, we do.
Just don't see it happening. I also doubt we get our upgrades within a month.
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Legend21
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January 25, 2014, 06:07:42 AM |
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This should be a lesson for all of us, always good to be truth. The only thing that Hashfast can do is cash fast your money like hash. fcking pre-orders.
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Melbustus
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Activity: 1722
Merit: 1004
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January 25, 2014, 06:56:09 AM |
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For people who have these running: What hashrate can you push the unit to?
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Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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jspielberg
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January 25, 2014, 03:32:23 PM |
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I think spending 5 million on someone else's hardware is a bad move. With that much capital, they could have hired some asic designers and owned their destiny. Right now they will never be able to compete against those who really control the keys to the kingdom.
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starsoccer9
Legendary
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Activity: 1630
Merit: 1000
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January 25, 2014, 03:33:42 PM |
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Man WTF. I paid for the most expensive shipping when I bought the BJ's.. I think it was UPS Overnight AM. Wtf.. 4 days.
I bet they're not even gonna refund me the extra shipping I paid for..
lol you mean like the promised they would if they "were able to sercure cheaper shipping" |
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