Unacceptable
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Activity: 2212
Merit: 1001
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April 29, 2015, 06:34:24 AM |
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@Inside Bitcoins NYC, Guy's panel on now, does not sound like Spondoolies will be offering consumer products any longer...
does this mean they are going 'completely private' like KNC with their 16nm tech? By this I mean ....no equipment for others just for use in their current endeavor...no B2B product as well as the expected no 'consumer product'? Yep,another vendor goes mining for themselves...this is old news,it was hinted at a few weeks or a month ago  |
"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole." -Raylan Givens Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan  |
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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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Biffa
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Activity: 3220
Merit: 1220
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April 29, 2015, 08:44:57 AM |
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@Inside Bitcoins NYC, Guy's panel on now, does not sound like Spondoolies will be offering consumer products any longer...
does this mean they are going 'completely private' like KNC with their 16nm tech? By this I mean ....no equipment for others just for use in their current endeavor...no B2B product as well as the expected no 'consumer product'? Yep,another vendor goes mining for themselves...this is old news,it was hinted at a few weeks or a month ago Although at the time they also hinted they would sell rack mount miners but that they wouldn't sell home miners any more. To be fair the only home miner they ever sold was the SP20 and with the noise it made it was debatable whether it could really be called a "home" miner, although modding it helped. Everything else from SP10 to SP35 was a rack mount datacenter centric device that sounded like a jet engine. I think if you have a "home" farm setup that already can handle 5-10-20 or more SP3x miners then you would probably be able to handle the gen3 stuff, if Guy decides to sell it. I hope he does. |
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spiccioli
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Activity: 1378
Merit: 1003
nec sine labore
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April 29, 2015, 09:44:39 AM |
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Best wishes for the new venture Guy.
Old and new. Thanks. Guy, do you confirm (and I hope you won't ) that SP will become a self-mining kind of business in the future? Regards spiccioli |
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Guy Corem (OP)
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Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
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April 29, 2015, 11:23:55 AM |
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Post the completion of our merge, we do intend to deploy our 3rd gen and later gens tech at BTCS facility in NC and evaluate expansion to other lower cost electricity facilities as well.
Regarding hardware sales (miners, ASICs) and JV type deals (rev-share) it will be dependent on market conditions and will be on a selective basis.
Guy
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Tupsu
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Activity: 1218
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April 29, 2015, 11:35:08 AM |
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......... Regarding hardware sales (miners, ASICs) and JV type deals (rev-share) it will be dependent on market conditions and will be on a selective basis.
Guy
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ElGabo
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April 29, 2015, 12:01:10 PM |
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Post the completion of our merge, we do intend to deploy our 3rd gen and later gens tech at BTCS facility in NC and evaluate expansion to other lower cost electricity facilities as well.
Regarding hardware sales (miners, ASICs) and JV type deals (rev-share) it will be dependent on market conditions and will be on a selective basis.
Guy
Thanks in the name of this community.....! |
" I'm waiting for my punishment, I know it's on my way
So cut, cut, cut me up and fuck, fuck, fuck me up"
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Bicknellski
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April 29, 2015, 12:44:05 PM |
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......... Regarding hardware sales (miners, ASICs) and JV type deals (rev-share) it will be dependent on market conditions and will be on a selective basis.
Guy
 FTFY Tupsu Just kidding... I am sure if you have the money you can get some ASIC's. A lot of money.  |
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Biffa
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Activity: 3220
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April 29, 2015, 12:51:40 PM |
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Post the completion of our merge, we do intend to deploy our 3rd gen and later gens tech at BTCS facility in NC and evaluate expansion to other lower cost electricity facilities as well.
Regarding hardware sales (miners, ASICs) and JV type deals (rev-share) it will be dependent on market conditions and will be on a selective basis.
Guy
Can you specify what market conditions would need to be in place for you to sell to customers who have the space and capacity to run 3rd gen hardware? |
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Tupsu
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Activity: 1218
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April 29, 2015, 01:08:44 PM |
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FTFY Tupsu Just kidding... I am sure if you have the money you can get some ASIC's. A lot of money.  |
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philipma1957
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Activity: 4116
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'The right to privacy matters'
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April 29, 2015, 01:24:12 PM |
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FTFY Tupsu Just kidding... I am sure if you have the money you can get some ASIC's. A lot of money.  Yeah we will need bitmaintech to sell to the general public. If we want to mine in house. |
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Biffa
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April 29, 2015, 01:26:04 PM |
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I just hope the market conditions aren't these:  |
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Prelude
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Activity: 1596
Merit: 1000
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April 29, 2015, 01:27:44 PM |
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A sad day in the mining world.
Starting to miss GPU mining where everyone could participate fairly and easily.
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windpath
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April 29, 2015, 01:46:46 PM |
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FTFY Tupsu Just kidding... I am sure if you have the money you can get some ASIC's. A lot of money. Yeah we will need bitmaintech to sell to the general public. If we want to mine in house. Jihan Wu (BitMain CEO) was also on the panel, he also indicated that it was much more efficient to simply keep the miners in China and mine there, however I believe they will continue to sell to the public... Edit: Guy also speculated that the only thing 21 Inc. could have raised so much capital for was home mining equipment, most likely integrated into something else... |
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s1gs3gv
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Activity: 1316
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ex uno plures
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April 29, 2015, 02:14:35 PM |
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A sad day in the mining world.
Starting to miss GPU mining where everyone could participate fairly and easily.
Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact. Isn't it time we all moved on ? |
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RoadStress
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April 29, 2015, 02:24:42 PM |
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Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact.
Isn't it time we all moved on ?
Why is that a flaw? Have we encountered any problem because of it? |
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Prelude
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Activity: 1596
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April 29, 2015, 03:41:25 PM |
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Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact.
Isn't it time we all moved on ?
Why is that a flaw? Have we encountered any problem because of it? I think that within 2 years, the only people who will be able to get their hands on hardware to mine will be people who can actually manufacture the hardware themselves in China. I'd call that a developing problem. |
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philipma1957
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Activity: 4116
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'The right to privacy matters'
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April 29, 2015, 03:55:30 PM |
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A sad day in the mining world.
Starting to miss GPU mining where everyone could participate fairly and easily.
Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact. Isn't it time we all moved on ? to what do we move dark-dash coins? |
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s1gs3gv
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Activity: 1316
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ex uno plures
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April 29, 2015, 05:40:14 PM |
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to what do we move dark-dash coins?
That's a good question and one that deserves discussion and the development of a consensus. My personal view is that there is no current obvious candidate. |
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Biodom
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April 29, 2015, 05:54:05 PM |
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Interesting info: it looks like new Spond machine will be ~0.25w/GH. An easy calculation from the numbers below see from this: The new mining facility is expected to handle more than 10 megawatts of power and up to 40,000 TH/s (terrahash per second) of mining hardware for “transaction verification” operations. (That means bitcoin mining, but with a crisp business-like aura.) https://bitcoinmagazine.com/20191/bitcoin-shop-btcs-merge-spondoolies-tech-create-publicly-traded-bitcoin-mining-company/Spond did send info email about it. Perhaps, they will make contracts to use this equipment at BTCS/Spond facility on a contractual basis, otherwise I don't see a point of individually informing current customers. I see how this thought originated. At 0.25w/GH mining profitability is very good as long as difficulty is about flat. 40Ph will be 12% of the current network, hence they will produce ~100K/day or 30-40 mil/year without adjusting for possible rising difficulty. it is the same calculation that made KnC to do essentially the same. I guess, Bitfury knew this from the very beginning. |
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Biodom
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April 29, 2015, 06:00:51 PM |
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Bitcoin's fatal flaw was that it employed a POW algorithm that was ASIC friendly. Its entire history has been described by, and its future predicted by this single fact.
Isn't it time we all moved on ?
Why is that a flaw? Have we encountered any problem because of it? I think that within 2 years, the only people who will be able to get their hands on hardware to mine will be people who can actually manufacture the hardware themselves in China. I'd call that a developing problem. I believe that without few thousands of miners, bitcoin will wither and die as majors (Bitfury, KnC, Bitmain and Spond/BTCS) will be starved of transactions to process. Seriously, is there a coin that cannot be ASIC-mined AT ALL? |
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