[2014-06-26] Marshalls Silk Road Coin Auction Ignites Asic Distributor Fire Sale

[The Bitcoin Society]

http://www.thebitcoinsociety.org/content/us-marshalls-silk-road-coin-auction-ignites-asic-distributor-fire-sale

Sorry we were late on the release, We had some website technical difficulties today which held us up.

[scribbles]

Selling obsolete mining tech? Moderately shady.
But making it seem like they're doing 'customers' a favor, and that they're motivation is to protest the US Marshal's auction - that's just misleading and idiotic.

OP has been set to ignore.

[The Bitcoin Society]

Selling obsolete mining tech? Moderately shady.
But making it seem like they're doing 'customers' a favor, and that they're motivation is to protest the US Marshal's auction - that's just misleading and idiotic.

OP has been set to ignore.

I think this is where the phrase "shoot the messenger" came from.

None the less it might be obsolete tech, but so is that cell phone, tablet, computer, or any other tech you bought last month. its still cheaper than anyplace else your going to find them. Just our 2 bits worth.

[SgtSpike]

Selling obsolete mining tech? Moderately shady.
But making it seem like they're doing 'customers' a favor, and that they're motivation is to protest the US Marshal's auction - that's just misleading and idiotic.

OP has been set to ignore.

I think this is where the phrase "shoot the messenger" came from.

None the less it might be obsolete tech, but so is that cell phone, tablet, computer, or any other tech you bought last month. its still cheaper than anyplace else your going to find them. Just our 2 bits worth.

The difference being, the sole purpose of the cell phone, tablet, and computer isn't to make you money.  The sole purpose of an ASIC is just that, so if it cannot do that job, then it is effectively worthless.

[jdun]

This is such a scam. You can easily find much better scrypt miners for much MUCH cheaper than those prices.

[The Bitcoin Society]

Selling obsolete mining tech? Moderately shady.
But making it seem like they're doing 'customers' a favor, and that they're motivation is to protest the US Marshal's auction - that's just misleading and idiotic.

OP has been set to ignore.

I think this is where the phrase "shoot the messenger" came from.

None the less it might be obsolete tech, but so is that cell phone, tablet, computer, or any other tech you bought last month. its still cheaper than anyplace else your going to find them. Just our 2 bits worth.

The difference being, the sole purpose of the cell phone, tablet, and computer isn't to make you money.  The sole purpose of an ASIC is just that, so if it cannot do that job, then it is effectively worthless.

Valid Point SGT.

[the joint]

Selling obsolete mining tech? Moderately shady.
But making it seem like they're doing 'customers' a favor, and that they're motivation is to protest the US Marshal's auction - that's just misleading and idiotic.

OP has been set to ignore.

I think this is where the phrase "shoot the messenger" came from.

None the less it might be obsolete tech, but so is that cell phone, tablet, computer, or any other tech you bought last month. its still cheaper than anyplace else your going to find them. Just our 2 bits worth.

The difference being, the sole purpose of the cell phone, tablet, and computer isn't to make you money.  The sole purpose of an ASIC is just that, so if it cannot do that job, then it is effectively worthless.

Oh, there must be a least a few people who buy miners primarily to secure the network.

...

*birds chirping*

[The Bitcoin Society]

Selling obsolete mining tech? Moderately shady.
But making it seem like they're doing 'customers' a favor, and that they're motivation is to protest the US Marshal's auction - that's just misleading and idiotic.

OP has been set to ignore.

I think this is where the phrase "shoot the messenger" came from.

None the less it might be obsolete tech, but so is that cell phone, tablet, computer, or any other tech you bought last month. its still cheaper than anyplace else your going to find them. Just our 2 bits worth.

The difference being, the sole purpose of the cell phone, tablet, and computer isn't to make you money.  The sole purpose of an ASIC is just that, so if it cannot do that job, then it is effectively worthless.

Oh, there must be a least a few people who buy miners primarily to secure the network.

...

*birds chirping*

In a perfect place and a perfect world. Sadly we live in a world of capitalists, nobody has any values or motivations except for money. At least in the Crypto world nobody has any other motive or intention other than to capitalize and profit. A person could count the souls that actually truly care about the coin they mine whether it profits or otherwise on two hands.

[the joint]

Selling obsolete mining tech? Moderately shady.
But making it seem like they're doing 'customers' a favor, and that they're motivation is to protest the US Marshal's auction - that's just misleading and idiotic.

OP has been set to ignore.

I think this is where the phrase "shoot the messenger" came from.

None the less it might be obsolete tech, but so is that cell phone, tablet, computer, or any other tech you bought last month. its still cheaper than anyplace else your going to find them. Just our 2 bits worth.

The difference being, the sole purpose of the cell phone, tablet, and computer isn't to make you money.  The sole purpose of an ASIC is just that, so if it cannot do that job, then it is effectively worthless.

Oh, there must be a least a few people who buy miners primarily to secure the network.

...

*birds chirping*

In a perfect place and a perfect world. Sadly we live in a world of capitalists, nobody has any values or motivations except for money. At least in the Crypto world nobody has any other motive or intention other than to capitalize and profit. A person could count the souls that actually truly care about the coin they mine whether it profits or otherwise on two hands.

I think a world like that could imply money wouldn't exist in the first place.

The block subsidies and tx fees are so, so necessary with this type of decentralized currency model. 

[DrG]

It wouldn't really be a perfect world if somebody is running an energy inefficient miner.  Now if the government recycled the old miners and gave you newer SP30s or something like that 

[SgtSpike]

Selling obsolete mining tech? Moderately shady.
But making it seem like they're doing 'customers' a favor, and that they're motivation is to protest the US Marshal's auction - that's just misleading and idiotic.

OP has been set to ignore.

I think this is where the phrase "shoot the messenger" came from.

None the less it might be obsolete tech, but so is that cell phone, tablet, computer, or any other tech you bought last month. its still cheaper than anyplace else your going to find them. Just our 2 bits worth.

The difference being, the sole purpose of the cell phone, tablet, and computer isn't to make you money.  The sole purpose of an ASIC is just that, so if it cannot do that job, then it is effectively worthless.

Oh, there must be a least a few people who buy miners primarily to secure the network.

...

*birds chirping*

In a perfect place and a perfect world. Sadly we live in a world of capitalists, nobody has any values or motivations except for money. At least in the Crypto world nobody has any other motive or intention other than to capitalize and profit. A person could count the souls that actually truly care about the coin they mine whether it profits or otherwise on two hands.

I think money as a motivator is perfect.  Otherwise we'd have people mining on horribly inefficient hardware, wasting electricity in the process.

[ThomasCrowne]

I think these guys are simply giving a beautified() version of the real story.  Fact is, gridseed's aren't really worth more than $20-$25 each right now anyway.  To try and frame it as though they are doing the world a favor by standing up against the "man" is just funny.