935100+ entries in 0.633s
MJR_III: avalon got it,
they understood what it
takes
to get
the product
to market
MJR_III: BFL keeps saying, oh
tomorrow
MJR_III: Yifu wrote something about
that but I can't find
the link
MJR_III: and i
THINK, but i may be completely wrong,
that may 15th is
target delivery date for batch 3
MJR_III: last i saw
they pushed back
MJR_III: and
that is a
total of 44
TH
MJR_III: pgp: i don't
think it would be
that much
pgp: say
that batch 1 and 2 ws a
total of 60
TH - 100% of current network hash rate
MJR_III: you could order
the 88gh version
MJR_III: i
think batch 3 was 600 units at 66gh each
pgp: how many
TH in batch 3?
MJR_III: think
they sold out batch 3 in under an hour...thats 600 x 80 btc AT LEAST for a
total of 24000 btc
pgp: ebay list many of
them at 1000% of MSRP
pgp: those pickaxes have gone up in value ALOT since
they wre pre-ordered...
MJR_III: the bitbet BFL decision will be fun
to watch
MJR_III: yep and i
think avalon is
the clear winner so far
MJR_III: to all
those people saying btc isn't backed by anything...it's backed by drama
topace: ipment on hold. However, if you'd rather have
the units right now at an increased power usage, we will ship you as many units as required
to get you
to
the hashrate your purchased, if we end up having
to scale back any given class of unit
to fit within
the power envelope of
the current board design.
topace: We've been
tracking down a power issue
these last few days and have it isolated
to a few key systems. In
the interest of
time, we are planning on potentially scaling back units hashing speed as required
to accommodate
the extra power and shipping multiple units
to
those
that want
their units right now. If would would prefer
to wait for a unit after we've made some changes
to
the systems
that need a bit of
tweaking, we will be happy
to put your sh
Ukto: does
this mean bfl will putoff releasing
the asics until
they get power under control ?
pgp: they subcontracted
to boeing...
topace: heh so bfl now has a working asic, but its using
too much power
deadweasel: kakobrekla: it's like daytime
television.
jcpham: so much
text and screenshots
bugpowderr: when funds clear it will automatically hit
the book
bugpowderr: for example, if you are waiting for funds
to clear, but you want
to go
to sleep, you can place
the order and go
to sleep
bugpowderr: They will appear on
the book if you add additional funds
bugpowderr: you can place additional orders, but
they will be listed as 'insufficient funds' and will not show on
the book.
bugpowderr: pgp all orders
that display in
the book are fully funded
smickles: bugpowderr seems
to
think it isnt
pgp: so, concievable much of
the order book dept could be
totally bogus
smickles: pgp: bugpowderr seems
to know more about it, but basically,
they let you do it
pgp: what's
the deal with gox allowing you
to put in orders
that exceed your balance?
topace: more
than 1% of
the
toal
topace: well 10% of
the shares
that are actually
trading on mpex
topace: not bad for havelock having 10% of
the shares
pgp: based on
the idea
that asic devices will eventually start shipping, does anyone have an estimate on how much extra hashing power is likely
to come online within
the next few months?
gribble: (eauth <nick>) -- Initiate authentication for user <nick>. You must have registered a GPG key with
the bot for
this
to work. You will be given a link
to a page which contains a one
time password encrypted with your key. Decrypt, and use
the 'everify' command with it. Your passphrase will expire in 10 minutes.
smickles: i plan
to use my 'return' on my car loan
bugpowderr: Yah, people
think "free money!" Let's roll
the dice
smickles: MJR_III: people
tend
to spend
tax returns on stupid shit, and i'm sure
there are plenty of people who consider bitcoins stupid shit
jborkl: MJR_III : I was wrong about
the diff retarget- my bad
MJR_III: i don't really like
the bitcointalk forums, so i am glad you guys are here
to
tell me
the best articles
ThickAsThieves: I have Deprived my coinbr referall as a
tip, and invited him here
MJR_III: figured
that's what you meant
MJR_III: whats with all
the ddos'ing lately
MJR_III: smickles: do you
think
that
tax returns will inject more cash into
the btc economy
DeaDTerra1: Didn't expect
this volume :P, I guess it's
the combination of everyone
that wants in before
the holidays and
that
they just got
their salaries
mircea_popescu: "Unfortunately, without proper funding and with limited manpower running a project of
this magnitude has proven
to be very difficult. Recently,
these problems caused for a group of users
trouble and losses of funds. Ultimately,
that's why we decided
to shut down BitMarket.eu and stopped
trading."
DeaDTerra1: No
they do not, but Swedish banks do and people just got
their salary.
The wire was sent yesterday so I expect it
to reach Mtgod on monday/tuesday.
DeaDTerra1: In our normal buisiness model
this is not needed and also we do not have Bitcoins as our float but USD/SEK
sturles: DeaDTerra1: If you sent
to
the bank in Japan,
they don't have any Easter holidays
there.
DeaDTerra1: Yea, I would love
to have a connect
to future/option market
MJR_III: short
term commercial paper is so far an emerging market
DeaDTerra1: then I am
thinking of just longing on bitfinex
to hedge
the risk and borrow BTC
DeaDTerra1: I will become
that desperate
tomorrow :P
DeaDTerra1: We have about 70k $ wire
transfer on it's way
to MtGox but due
to bank holiday and easter it will not hit mtgox until after
this weekend
DeaDTerra1: well, we have Fiat
tons of it, just not on mtgox :)
MJR_III: well
they have fiat waiting on
the wire
DeaDTerra1: It would except we kind of do not want
the exchange risk of borrowing BTC
DeaDTerra1: nope, we get people who want
to buy Bitcoins in Sweden, and we do not have float
to buy bitcoins and send
them out
to
the customers :9
MJR_III: wouldn't it make sense
to borrow btc
then?
DeaDTerra1: We have sent out all our bitcoins
to customers
mircea_popescu: maybe putting a btc ask for a slightly above mkt price may work naturally
to attract fiat ?
DeaDTerra1: We are willing
to offer 0.5-1% for a loan from
today
to Monday/Tuesday when
the wire hits out MtGox account.
smickles: MJR_III: i'm not sure how jurisdiction would play out, so i default
to where I am
MJR_III: smickles: how is it in
the jurisdiction of
the state?
smickles: or an interest rate limit if
the rate is in a contract
smickles: oh,
this state doesn't have an amount limit
DeaDTerra1: I can
take lower amounts, as I said. We are zeroed :P I am quite desperate for any amount I can get my hands on. btcx will repay it on Monday/Tuesday when our wire hits MtGox
smickles: I
think 10k is above my legal limit
DeaDTerra1: we need
to stack up some float as we are already zeroed and
the weekend just started
DeaDTerra1: 10k$ ish, btcx.se (where I work) are
totally out of float, people just got
their salaries and it's now a four day holiday in Sweden...
DeaDTerra1: Looking
to borrow fiat on MtGox or Bitstamp!
smickles: i don't
think poverty = corruption
smickles: tiberiusiv: how come
that video has a bunch of comments saying
that it's not like
that anymore?
smickles: tiberiusiv:
that video looks decades old, is it still like
that?
smickles: coming from a country where our dear leader has a public assasination list, corruption doesn't sound all
that bad
MJR_III: anyways, i
think if you could hash 2.5x as fast...you would be making a
ton of money
smickles: at
the cost of waging war everywhere
jcpham: you'll have
to
trust me
jcpham: sorry no citations for sources,
though
jcpham: i read about it in
this channel recently
jcpham: mircea_popescu did you know romania si
the most corrupt place in europe
smickles: tiberiusiv: our current president is from one of
the most corrupt places in 'merica
smickles: MJR_III: if you notice, i granted him
the fact
that mircea_popescu is a fraud and asked him what i should do about it
MJR_III: so i
think
that at 6hz and above...you have
to worry about
the small
times where
the heat is still on
the chip before
the water can suck it up