keewee
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Activity: 1025
Merit: 1000
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September 25, 2013, 06:15:12 AM |
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This is a good idea. The sooner the better |
1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Sou
Full Member
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Activity: 210
Merit: 100
(Bitcoin related text here)
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September 25, 2013, 06:16:21 AM |
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So it seems their 20TH will just suddenly be there at the end of next week, cause they've said that is 'a promise will not miss'. I really think they need to find another engineering team.
Seriously. I understand it takes a specific skill set to get these miners going, but at what point does it become more cost effective to just get someone else that can do the job to do it. Maybe they secretly have like 15Th going, and are just working on the last bit...but i doubt that's the case. |
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BitThink
Legendary
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Activity: 882
Merit: 1000
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September 25, 2013, 06:22:22 AM |
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So it seems their 20TH will just suddenly be there at the end of next week, cause they've said that is 'a promise will not miss'. I really think they need to find another engineering team.
Seriously. I understand it takes a specific skill set to get these miners going, but at what point does it become more cost effective to just get someone else that can do the job to do it. Maybe they secretly have like 15Th going, and are just working on the last bit...but i doubt that's the case. It is even worse if they are mining secretly with 15TH now. It means they are dishonest and stealing money from the investors. Therefore, unfortunately the case that they have failed to solve the stability problem again is already the best scenario. They've mentioned out-sourcing the assembly in previous updates. But now the problem is not that the assembly is slow, but even the one worked before stops working now. |
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Puppet
Legendary
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Activity: 980
Merit: 1040
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September 25, 2013, 06:22:40 AM |
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at what point does it become more cost effective to just get someone else that can do the job to do it.
After you got the IPO money. |
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Duffer1
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September 25, 2013, 06:25:00 AM |
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So it seems their 20TH will just suddenly be there at the end of next week, cause they've said that is 'a promise will not miss'. I really think they need to find another engineering team.
Due ~Saturday Oct. 5th (two weeks from original post): UPDATE:
Even though I don't like making promises but Sam has assured me that 20TH is a goal that will not be missed within 2 weeks.
I am also working on having the "warning" removed from the security as Sam assured me that the team has not to sell any significant amount of shares and the ownership is still far above the 75% that was communicated as the holding limit.
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Bitcycle
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September 25, 2013, 08:50:25 AM |
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How's that project to add miners daily coming along?
How about a comment of some kind. Any kind.
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BitThink
Legendary
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Activity: 882
Merit: 1000
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September 25, 2013, 08:54:05 AM |
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How's that project to add miners daily coming along?
How about a comment of some kind. Any kind.
Are you asking labcoin? Only he can (probably) answer this question. But according to what he said and what things finally turned to be, I doubt he has full information and accurate prediction of the progress of the project. (Otherwise, it is worse if we assume he knows but never gives correct projection). |
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BitCsByBit
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September 25, 2013, 08:58:26 AM |
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Just came across this post in one of the other threads and it it relevant to the conversation we had earlier. Considering the demands of our wide members and close attention from foreign investors, 796 Exchange has made a decision to adjust withdrawal fee and provide chances for withdrawal for free each month. The times for free withdrawal comes in line with your VIP tier. For example, VIP4 members could enjoy free withdrawal 4 times per month. Subsequent withdrawals within the same month are subject to a 0.3% fee.
Best,
796 Exchange
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Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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September 25, 2013, 09:03:06 AM |
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It is even worse if they are mining secretly with 15TH now. It means they are dishonest and stealing money from the investors. Therefore, unfortunately the case that they have failed to solve the stability problem again is already the best scenario. 'Failure is the best scenario.' Priceless comedy gold. 100% pure. Will Ukyo list this disaster on Bitfunder, and transfer its BTCT scam tag along with the shares?  |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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MaxSan
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September 25, 2013, 10:04:02 AM |
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Feels like to me they have constantly and consistently under estimated how long it takes to do things. If this is the case either scaling up needs to be done asap (I think this was already mentioned) or stop anouncing they will do things on specific dates. I would prefer the former. Its more likely to have results  |
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BitThink
Legendary
Offline
Activity: 882
Merit: 1000
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September 25, 2013, 10:05:54 AM |
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Feels like to me they have constantly and consistently under estimated how long it takes to do things. If this is the case either scaling up needs to be done asap (I think this was already mentioned) or stop anouncing they will do things on specific dates. I would prefer the former. Its more likely to have results Exactly. I just wonder why they never learn lessons from their previous mistakes. |
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Zubilica
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September 25, 2013, 11:34:29 AM |
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After a throw analysis i believe Bitfounder is the next logical step.
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redbeans2012
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September 25, 2013, 11:43:47 AM |
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After a throw analysis i believe Bitfounder is the next logical step.
Unfortunately labcoin is not the next logical step for bit funder. |
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BitCsByBit
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September 25, 2013, 11:46:20 AM |
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After a throw analysis i believe Bitfounder is the next logical step.
Unfortunately labcoin is not the next logical step for bit funder. Hopefully they will compromise and come to a mutual agreement that will be of benefit to everyone. |
Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
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abuelau
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September 25, 2013, 11:47:27 AM |
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Labcoin is back in BTC Guild... but just with 730gh/s again...
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bjack0815
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September 25, 2013, 11:50:31 AM |
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Labcoin is back in BTC Guild... but just with 730gh/s again...
I think they had some stability issues that are now fixed so that highest prio was to get them stable again. So now they can take care about the additional hashing power. |
Work hard, play hard.
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JohnyBigs
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September 25, 2013, 11:56:25 AM |
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Feels like to me they have constantly and consistently under estimated how long it takes to do things. If this is the case either scaling up needs to be done asap (I think this was already mentioned) or stop anouncing they will do things on specific dates. I would prefer the former. Its more likely to have results I already told theswede about this, he decided to just ignore my advice, i guess they really enjoy shooting themselves in the foot now its more throwing granades. |
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JohnyBigs
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September 25, 2013, 11:58:00 AM |
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After a throw analysis i believe Bitfounder is the next logical step.
Unfortunately labcoin is not the next logical step for bit funder. Why wouldn't it be? I guess bitfunder doesnt want to make fees, on the most traded security. |
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BitCsByBit
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September 25, 2013, 12:04:46 PM |
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Labcoin is back in BTC Guild... but just with 730gh/s again...
Too be honest, I'm very impressed that we didn't have more FUD and panic selling in the last 24 hours. This thread has become somewhat reasonable. |
Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
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