829700+ entries in 0.459s
topace: nubbins`: probably after
the first block, but i'll confirm
that for you
nubbins`: guessing after
the whole
thing
pascal2571: I'm wondering, when will
the
trading on HIF begin? after
the first IPO block or once
the whole IPO finishes?
pascal2571: anyone interested in a bet
that havelock will close down after collecting
the funds of
the IPO?
nubbins`: anyway, if you could sell GPUs
that have been burned out from mining for a reasonable price, you wouldn't see any of
them mining altcoins
nubbins`: well, being used
to something and enjoying it aren't always
the same
thing
nubbins`: mircea_popescu: well, mom's used
to paying
the bill by
this point, right?
mircea_popescu: nubbins` you got something
there. gotta burn
that electricity!
pankkake: by altcoin I meant bitcoin fork with meaningless
tweaks
mircea_popescu: pankkake an altcoin would work well if it satisfied 3 conditions : 1. very respectable core dev
team ; 2. very clear even if minor improvements over bitcoin ; 3. lattice-based or otherwise complex algo not easy
to asic.
nubbins`: pankkake: i
thought altcoins worked because
there's no second-hand market for fried GPUs and you can't very well just let
them sit around unused
pankkake: asciilifeform: I
think no one would buy
this coin, so no economic incentive. altcoins work because 15 year old gamers can mine
them in
their moms basements
nubbins`: he's not
thinking of closing up shop, is he? ;D
nubbins`: it sounds like a major uphill battle
to increase
trade volume
mircea_popescu: nubbins` doing it on one coin didn't work out for burnside
too well.
nubbins`: i'd say
the average per-person
trade volume decreases steadily as
the value of btc rises
topace: ThickAsThieves: yes definitely need new money. but not
the volume estimate equivalent
nubbins`: just like all
the notes you need for any bob dylan song are all on a single guitar string
topace: you could do 180,000 volume on just a few
thousand coins in a month
topace: 180,000 isnt _new coins_ coming in, its
trading volume
mircea_popescu: quoth very frustrated bitbet mod : "i will not be
the least bit surprised if i find
the motherfucking penis length and girth of all players in
this pile of non-stats befoar i find which freaking games
they won."
nubbins`: it's not like
these coins are out
there sitting around waiting for a bad investment opportunity
ThickAsThieves: topace we know what youre saying, but
there remains a gap
nubbins`: well, i don't
think 8x volume is gonna come out of
the woodwork just because
there's a glut of questionable funds
tossed into
the sidebar
mircea_popescu: asciilifeform
they suck up a lot of electricity, and
the altcoins have a pretty soiled rep.
topace: all im saying is
that, 180,000 volume i dont
think is out of
the ballpark, if we're currently doing 24000 volume with stagnant funds and having put all new listings on hold for 2+ months.
ThickAsThieves: you cant have
tons of new investor coins, without
tons of new uptake
ThickAsThieves: so your volume isnt likely
to increase 8x in
the face of deflation
topace: i agree, we'll need
to see a large influx of new investors
nubbins`: whether
the market can handle it is, in fact,
the same story
topace: but
there's demand out
there for
the listings
topace: whether
the MARKET can handle
that is another story
topace: 50+ funds are in
the pipeline
topace: and
thats with
the current, stagnant funds
ThickAsThieves: this would require oceans of new coins
to be poured into upcoming offerings
ThickAsThieves: youre
talking about a major increase in
the amount of coins people are investing and
trading in
this market
jcpham: has ukyo flwon
the coup
topace: thats
tradinv volume estiamte
mircea_popescu: not
that it makes any diff. 180k isn't happening in 2014. i'd rather believe $1mn bitcoins.
topace: pascal2571 is
talking HIF
nubbins`: yes, we're discussing how HMF lost 1200 BTC but gained a 3
TH/s farm
mircea_popescu: even now 90%+ of
the coinbase is hauled up in matresses.
topace: with
the havelock exchange
mircea_popescu: that's
the funniest
thing i heard all day, by 2014 volumes in 10s of btcs will be something
to write home about
topace: dont confuse
the mining fund
topace: i
think
that 12 is wrong, it should be 2014
topace: pascal2571:
thats in
the HIF prospectus? i
think
thats
the estimation for 2014
nubbins`: topace: 1600 BTC and 0
TH/s < 400 BTC and 3
TH/s?
jcpham: wow it does generate
that much
jcpham: i'm going
to
take
that as a no for now so i can do what i need
to do
topace: not lost, spent growing
the fund (And paying dividends)
jcpham: I'm
trying
to make some decisions
topace: nubbins`:
the 20btc was based on resale value/exchange rate at
the
time
jcpham: am i going
to get
that 30 btc rota pay next month
mircea_popescu: jcpham what, you're
thje one miner hitting
the green ?
nubbins`: well yes, hence my assertation
that HMF can't be making money
topace: we've been rather busy
the past few months
topace: q3 is being worked on and should be up by
the end of
the week
mircea_popescu: with
the diff going
the way it's been, any miner out
there has been bleeding money.
nubbins`: topace: i dunno, maybe i'm looking at
this wrong, but i just see a fund steadily hemorrhaging money
mircea_popescu: there isn't much of a 2ndary market gouing or is
there ?
topace: the computers/gpu's were essentially depreciated
to 0
topace: or, for most of
the fpga's
trade-in value
Rawted: yeah, i hear you. been fighting
this battle with
them for months
nubbins`: topace: for mining equipment listed under assets, does
the value for each quarter correspond
to
the resale value, purchase price, or..?
Rawted: anyone need a btc-e code? looking for paypal, and for some reason im not receiving
the withdraw notices from btc-e and my
ticket has been unanswered for 11 days.
topace: available
to
the public
topace: nubbins`: its all in
the financial statements
nubbins`: but i'd be more interested in
the BTC-denominated revenue and initial investment
than
the fiat equivalents
nubbins`: how about for
the investors? ;)
topace: but
the pre-order investors existed so
the fund didnt have
to spend bitcoins until mining equipment arrived
topace: would
the pre-order investors been better off buying bitcoins instead of buying pre-orders for
the mining fund? definitely.
topace: considering
the mining fund started with an initial investment of less
than $10,000 in fiat, and is now at 3TH with no further outside investment, i
think its doing pretty well