LIGHTNINGASIC LA100M,100MHS SCRYPT Miner, USD1999; LA1THS, USD1750.shipped out!

[rammy2k2]

hello.

I would like to order 1x LA3M, give me info on how to do?
Who should I contact?
thanks

skype : lightningasic@gmail.com , they will help you with order instructions

[rammy2k2]

Warning!!!
7th of march I ordered and paid sha256+scrypt combo device (device plus shipment costs), till now I did not receive anything. Each time when I ask mr AsiaBTC about shipment details via Skype, I receive answer : tommorow. In the meantime (18th march) this man tried to rise price by next 0,2 btc explaining that this is cost of shipment. Of course I did not agree to pay some extra money. I write it to warn all of you, to do not waste your money for this man. All skype conversation with AsiaBTC I can send anybody as a proof.

Of coure when I get device I will write proper information on this forum

asiabtc will never ask for more money after u have paid what he told u to

[MZD]

Its over. KnC is promising 100 MH/s for 10k and Alpha is promising 90MH/s for 9k.

I just unloaded my LA6M for a SWEET price lol.  

With current pricing and difficulty break even happens in 4 months. I'm making more money day trading....  

hahahaha, u're funny or a little stupid, sorry for telling u, KNC hardware will be ready in December ... so u sold your 6 MH now ... for a Dec hardware ? Smart move

LOL. Are you paying attention at all? The math is real simple.

I paid 5400 for LA6M, 6 MH/s
6 MH/s is earning me between 20 and 35 dollars per day.
ROI happens in 6 to 9 months.

Even if you bought today at 4k ROI happens in 5 to 7 months.

Even if you had your system since January you essentially break even just as exponentially more powerful machines flood the market and difficulty skyrockets.

What is the point?

If you haven't noticed difficulty (across the board) is already skyrocketing and auto-dumping coin-switching pools are driving the value of alts and thus litecoin down. Profitability per MH/s has taken a nosedive starting in March and it will continue. There are tricks to making your ROI come faster such as mining new coins that are not on exchanges yet but this is the most risky strategy of all.

By selling my machine at a profit I'm actually 6 months ahead of you in ROI. Looking at it this way I can understand your attitude.  

On the flip side, day-trading the same investment means I *gain* capital on an almost daily basis instead of waiting forever for ROI.

EDIT: December? Wow, dude. KnC is well established and hardly ever more than a month late. If they say shipping in Q2/Q3 then they mean it. December really is a stupid statement. They have a huge amount of capital, they're reusing as much tech as possible from other ventures, and they are essentially making second generation scrypt equipment. August at the latest.

[MZD]

I'm making more money day trading.... 

That's just as risky as mining with the equipment. If you get caught on the wrong side of a price swing, kiss your trading profits goodbye.

Never leave a trading bot on while you are asleep. 

Use a triangle system that lets you hop to different coins to hold value during volatility (always).

You can be a risky or a safe trader. Stable 5 to 10% weekly gains are a lot better than trading on emotion and playing roulette on the exchanges hoping for crazy gains.

[miaviator]

EDIT: December? Wow, dude. KnC is well established and hardly ever more than a month late. If they say shipping in Q2/Q3 then they mean it. December really is a stupid statement. They have a huge amount of capital, they're reusing as much tech as possible from other ventures, and they are essentially making second generation scrypt equipment. August at the latest.

KNC pulled the same crap as Avalon/BFL/HashFast/etc.  Get off their d*

EDIT there vs their vs they're

[dugdig]

They say now only accept btc ..

[rammy2k2]

EDIT: December? Wow, dude. KnC is well established and hardly ever more than a month late. If they say shipping in Q2/Q3 then they mean it. December really is a stupid statement. They have a huge amount of capital, they're reusing as much tech as possible from other ventures, and they are essentially making second generation scrypt equipment. August at the latest.

KNC pulled the same crap as Avalon/BFL/HashFast/etc.  Get off their d*

EDIT there vs their vs they're

+1

[rammy2k2]

Warning!!!
7th of march I ordered and paid sha256+scrypt combo device (device plus shipment costs), till now I did not receive anything. Each time when I ask mr AsiaBTC about shipment details via Skype, I receive answer : tommorow. In the meantime (18th march) this man tried to rise price by next 0,2 btc explaining that this is cost of shipment. Of course I did not agree to pay some extra money. I write it to warn all of you, to do not waste your money for this man. All skype conversation with AsiaBTC I can send anybody as a proof.

Of coure when I get device I will write proper information on this forum

asiabtc will never ask for more money after u have paid what he told u to

Skype conversation 5th march:
[05.03.2014 13:18:23] Me: and how long take a shpimpent (to poland)
[05.03.2014 13:19:22] altcoin: 14-18 days
[05.03.2014 13:19:56] Me: and total cost for device and shipment is 280USD?
[05.03.2014 13:20:37] altcoin: YEs
7th march:
[07.03.2014 10:09:35] Me: Hi, we spoke two days ago, I decided to buy 1 piece to try how it works, but I would like to ask if it is possible to reduce price? I found similar device (http://hash-master.com/) - cost 249 USD.
[07.03.2014 10:12:50] altcoin: okay I'll make you not a big discount up to $ 250
[07.03.2014 10:13:03] altcoin: deal
[07.03.2014 10:13:14] Me: ok, then give ma a price in BTC and I will send
[07.03.2014 10:14:48] altcoin: 1CTk4WTYvgRgoz7AnSP6LDzt41ETTEJVQx
0,395 btc
[07.03.2014 10:14:53] altcoin: now
18th march:
[18.03.2014 11:09:40] Dogecoin research: you do not pay for shipping
[18.03.2014 11:09:59] Me: I paid all what you requested
[18.03.2014 11:10:29] Dogecoin research: separate shipping cost
[18.03.2014 11:10:35] Dogecoin research: 140$
[18.03.2014 11:11:43] Me: why you did not informed about it when I asked for price? You just gave me an info that faster shipment cost additionally 40$
[18.03.2014 11:12:14] Dogecoin research: The price has changed

[18.03.2014 11:13:25] Me: this price I have paid. If proice changed, them please send me back BTC to my wallet or please send me a device
[18.03.2014 11:13:26] Dogecoin research: 0,2 btc 1Fr78q9XQ6W9x8SQXewZzo7A4BLTUcJNgs
[18.03.2014 11:13:52] Me: please send me my BTC back
[18.03.2014 11:14:17] Me: becouse new price is to expensive
[18.03.2014 11:15:30] Dogecoin research: no
[18.03.2014 11:15:48] Dogecoin research: We do not cancel orders
[18.03.2014 11:15:49] Me: also I see on alibaba.com, that you sell this devices wit price what you proposed me last week
[18.03.2014 11:16:52] Me: then look please into history of our conversation, and please check what you proposed (price) and do not make this kind of not fair play
[18.03.2014 11:21:01] Dogecoin research: ok
[18.03.2014 11:21:14] Dogecoin research: 0,1 btc pay

well it really looks to me u didnt paid for shipping, u want free shipping now ? u paid for 1 USB miner, but not for shipping

[Tolomeo]

i have a problem
3 of my miners  just died in the last few days
initially i wasn't sure that they were dead , but once i opened them it become obvious

http://imageshack.com/a/img838/8194/9meg.jpg
http://imageshack.com/a/img812/8051/yipu.jpg

[chanberg]

holy... how'd that happen?

[miter_myles]

i have a problem
3 of my miners  just died in the last few days
initially i wasn't sure that they were dead , but once i opened them it become obvious

http://imageshack.com/a/img838/8194/9meg.jpg
http://imageshack.com/a/img812/8051/yipu.jpg

That's concerning... (and blows goats)...

What kind of power setup did you have?

[Andareed]

i have a problem
3 of my miners  just died in the last few days
initially i wasn't sure that they were dead , but once i opened them it become obvious

http://imageshack.com/a/img838/8194/9meg.jpg
http://imageshack.com/a/img812/8051/yipu.jpg

It's possible your PSU went out of spec on the 12V rail, as there's 12V power running in that area. Honestly, I wouldn't trust the PSUs included in the kit, and this is one of the reasons I'm using a spare ATX PSU. The other reason is that my ATX PSU is more efficient and actually has power factor correction. If you have a multimeter, you can try checking the voltage.

[Biomech]

Plans are forming to hard fork some popular Scrypt coins to render Scrypt asics USELESS.  Do not buy Scrypt ASICS!!!!!  Don't even make them!

Penis envy?

Sorry, that was rude, but this does get on my nerves. Asics are a sign of SUCCESS of the scrypt algorithm. Bitcoin's network is just about impenetrable at this point. It would take the majority of the world's computing power to deliberately fork the network, and it would probably still fail after a few minutes. This is a GOOD THING if you are trying to secure the network.

Plus, GPU's are ridiculously expensive to operate, and asics are not. Those that want to develop for older/less efficient technologies are of course welcome to do so, but standing in the way of progress is a fool's game.

Gridseeds are quite affordable, even in comparison to GPU's, and no, I don't care about the "resale" argument. I'm a miner, not a gamer, and I couldn't care less if I can 'resell' my mining rig down the line because I bought the wrong damn thing. The dilution, due to many successful scrypt coins, will slow down the impact that asics will have on the coins by comparison to how fast bitcoin became an asic only game, but it does not change the fact that the tech exists, and is a positive development overall.

Luddism has never worked out. I'm remind of the old "Quiznos" add where the guy says "I fear change, I will keep my bushes".

[Biomech]

Will a standard AC adapter work for powering gridseeds? I have around five 12v 10a laying around and it's silent unlike standard gridseed PSU. Will they work to power 8 units each? Won't fry them or something?

You must ensure they have regulated voltage output. This means that the voltage they output does not vary with the attached load. It should also output 12 volts when no load is attached.

That's electrically impossible. Can you clarify what you mean?

[Sophokles]

Will a standard AC adapter work for powering gridseeds? I have around five 12v 10a laying around and it's silent unlike standard gridseed PSU. Will they work to power 8 units each? Won't fry them or something?

You must ensure they have regulated voltage output. This means that the voltage they output does not vary with the attached load. It should also output 12 volts when no load is attached.

That's electrically impossible. Can you clarify what you mean?

Why exactly would that be possible?

[Biomech]

Will a standard AC adapter work for powering gridseeds? I have around five 12v 10a laying around and it's silent unlike standard gridseed PSU. Will they work to power 8 units each? Won't fry them or something?

You must ensure they have regulated voltage output. This means that the voltage they output does not vary with the attached load. It should also output 12 volts when no load is attached.

That's electrically impossible. Can you clarify what you mean?

Why exactly would that be possible?

draw is based on load. IF there is no load, it can't deliver anything. You can't spit electrons into empty air. I'm assuming poor wording, rather than magic

[tom_o]

Will a standard AC adapter work for powering gridseeds? I have around five 12v 10a laying around and it's silent unlike standard gridseed PSU. Will they work to power 8 units each? Won't fry them or something?

You must ensure they have regulated voltage output. This means that the voltage they output does not vary with the attached load. It should also output 12 volts when no load is attached.

That's electrically impossible. Can you clarify what you mean?

Why exactly would that be possible?

draw is based on load. IF there is no load, it can't deliver anything. You can't spit electrons into empty air. I'm assuming poor wording, rather than magic

You can't spit electrons into empty air no, but the terminal should still sit at a 12v potential, voltage is not power. Cheap PSU's output often oscillate dangerously when underloaded.

[dloganbill]

Will a standard AC adapter work for powering gridseeds? I have around five 12v 10a laying around and it's silent unlike standard gridseed PSU. Will they work to power 8 units each? Won't fry them or something?

You must ensure they have regulated voltage output. This means that the voltage they output does not vary with the attached load. It should also output 12 volts when no load is attached.

That's electrically impossible. Can you clarify what you mean?

Why exactly would that be possible?

draw is based on load. IF there is no load, it can't deliver anything. You can't spit electrons into empty air. I'm assuming poor wording, rather than magic

You can't spit electrons into empty air no, but the terminal should still sit at a 12v potential, voltage is not power. Cheap PSU's output often oscillate dangerously when underloaded.

He's either being a jerk or dumb. I'll clarify what he means.

By "no load" he means PSU powered up with just a multimeter attached.

[racebyu]

i have a problem
3 of my miners  just died in the last few days
initially i wasn't sure that they were dead , but once i opened them it become obvious

http://imageshack.com/a/img838/8194/9meg.jpg
http://imageshack.com/a/img812/8051/yipu.jpg

What power supply do you have?
What is the voltage output with no miners on the power supply?
Also what is the measured voltage from the supply currently
with the rest of the miners working on it?

[Sophokles]

Will a standard AC adapter work for powering gridseeds? I have around five 12v 10a laying around and it's silent unlike standard gridseed PSU. Will they work to power 8 units each? Won't fry them or something?

You must ensure they have regulated voltage output. This means that the voltage they output does not vary with the attached load. It should also output 12 volts when no load is attached.

That's electrically impossible. Can you clarify what you mean?

Why exactly would that be possible?

draw is based on load. IF there is no load, it can't deliver anything. You can't spit electrons into empty air. I'm assuming poor wording, rather than magic

You can't spit electrons into empty air no, but the terminal should still sit at a 12v potential, voltage is not power. Cheap PSU's output often oscillate dangerously when underloaded.

Exactly. That is what I was hinting at. Voltage will also be measurable without attached load.