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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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CanaryInTheMine
Donator
Legendary
 Offline
Activity: 2352
Merit: 1060
between a rock and a block!
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January 25, 2014, 10:12:10 PM |
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SantaMuerte
Newbie
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Activity: 42
Merit: 0
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January 25, 2014, 10:13:47 PM |
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Each renewable contract runs for 12 months. <-- worth to mention.
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PuertoLibre
Legendary
Offline
Activity: 1834
Merit: 1003
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January 26, 2014, 01:48:50 AM |
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40$ a Gigahash? That is crazy expensive. All other companies are selling Hashing power at around 3 to 7 dollars per GH/s. Why would anyone buy into this? NimbusMiner hardware is provided from either off the shelf 65nm products or from NimbusMiner's own 28nm hardware as it comes into service from it's own pre-ordered purchases of Monarch chip production. Ah, they are still using 65nm gen 1 products....no wonder it is so expensive. Definitely not worth the money. Not by a longshot. |
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krampus
Member
Offline
Activity: 98
Merit: 10
Village Idiot
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January 26, 2014, 02:04:33 AM |
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Price looks to be a medium-sized premium over BFL's existing 68nm hardware, which (at this point) will not ROI. So I get where they're going with this, but it's definitely not going to be profitable.
Sadly, that won't stop people from buying GHs. Maybe they'll justify it to themselves by calling it a "hobby".
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I pledge never to use this space for sleazy referrals, gambling spam, or to beg for handouts.
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MWNinja
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January 26, 2014, 02:08:06 AM |
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That is crazy expensive. We are specifically excluding BFL from any group buys. They taught me a valuable lesson already once.
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edgar
Legendary
Offline
Activity: 1848
Merit: 1001
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January 26, 2014, 02:22:32 AM |
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look how much cex sold and is probably still selling for double that (i know its cheaper now)
the worlds filled with retards, some of them are gainfully employed but still retards.
others call themselves ewik
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Paladin69
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January 26, 2014, 02:48:14 AM |
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BFL has no soul.
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krampus
Member
Offline
Activity: 98
Merit: 10
Village Idiot
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January 26, 2014, 02:49:40 AM |
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BFL has no soul.
Corporations may be people, but I think the lack of soul is pretty much par for the course. |
I pledge never to use this space for sleazy referrals, gambling spam, or to beg for handouts.
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firejuan
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January 26, 2014, 03:10:11 AM |
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Wow, they will turn on mining for 4 times the price $40 vs $11 while customers wait for the monarchs are activated and the cheaper cloud mining is activated. BFL is unscrupulously.
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Starlightbreaker
Legendary
Offline
Activity: 1764
Merit: 1006
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January 26, 2014, 04:02:02 AM
Last edit: September 18, 2016, 04:28:24 PM by Starlightbreaker |
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fucking shit lol.
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Paladin69
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January 26, 2014, 04:17:11 AM |
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Wow, they will turn on mining for 4 times the price $40 vs $11 while customers wait for the monarchs are activated and the cheaper cloud mining is activated. BFL is unscrupulously.
So much for them promising to never do something like this. They could've at least waited for a month or two after their customers Monarch's launched. |
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Flying Hellfish
Legendary
Offline
Activity: 1764
Merit: 1754
Verified Bernie Bro - Feel The Bern!
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January 26, 2014, 04:23:24 AM |
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So is this the company that put in the million dollar order a couple months back?
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Techknowledgy
Member
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Activity: 89
Merit: 10
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January 26, 2014, 04:37:13 AM |
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So many things I want to say, but only one reason I can't say them. At some point I will have to decide whether to continue to stay silent for the sake of a certain person I know well who works there or write the novel that I've been planning for the better of the community... Only time will tell I guess, because it's obvious neither they nor their customers can stop themselves due to their greed.
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mo_mo
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January 26, 2014, 04:47:20 AM |
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There goes your Monarch's Pre-order money to fund their cloudhashing facility!!!
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Techknowledgy
Member
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Activity: 89
Merit: 10
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January 26, 2014, 05:02:54 AM |
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 Off to a resounding start I see... |
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joeventura (OP)
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January 26, 2014, 06:14:46 AM |
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So many things I want to say, but only one reason I can't say them. At some point I will have to decide whether to continue to stay silent for the sake of a certain person I know well who works there or write the novel that I've been planning for the better of the community... Only time will tell I guess, because it's obvious neither they nor their customers can stop themselves due to their greed.
At least start writing it so when that person becomes unemployed it will be ready. |
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joeventura (OP)
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January 26, 2014, 06:15:51 AM |
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Off to a resounding start I see... Its nimbusmining.com They don't even know the name themselves! LOL |
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superduh
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January 26, 2014, 06:23:29 AM |
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why can't bfl just be banned from this respectable board! why are these scammers and their products allowed here
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ok
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bcp19
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January 26, 2014, 06:43:28 AM |
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I'm trying not to laugh at your stupidity... BFL ain't selling this... Next you'll be saying TigerDirect is a shill company for selling BFL products....... |
I do not suffer fools gladly... "Captain! We're surrounded!"
I embrace my inner Kool-Aid.
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