935500+ entries in 0.638s
Chaang-Noi: honestly i
think i would just move first
Chaang-Noi: more or less fair as
there are no other real
taxes
Chaang-Noi: they
taxes
these cars like crazy, yeah luxury
tax
Chaang-Noi: i sadly cant get one here, ill have
to leave it in
the usa
Chaang-Noi: taxes in
thailand on cars liek
this are no joke like 500%
to 700% or more...
OneMiner: How about an old civic or something,
tub it out and
take it
to
the
track.
Then you just need a
tow vehicle. <-----
that's my vision except with a miata.
MJR_III: CPU mining might be profitable if you have a long enough
timeline
MJR_III: but don't
think of
the other side of
the coin...which is mining fewer coins is fine if
they are each worth more
MJR_III: but i
think most people worry about future difficulty all
the
time
OneMiner: MJR_III If you are
that close
to
the line
then you should probably just buy coins with your hardware and power costs. You'll end up with much more.
ThickAsThieves: calculating mining profits anything more
than 1 week out is voodoo anyway
MJR_III: then it doesn't appear
to be worth it, but if i expected it
to hit 100...that could make it profitable
MJR_III: but if i am calculating my break even using
todays prices as most mining calculators do...
pgp: I
think you start first with a constant BTC USD model...
MJR_III: if you are going
to mine, you should be bullish on bitcoins i
think
gribble: BTCUSD
ticker | Best bid: 88.00000, Best ask: 88.29000, Bid-ask spread: 0.29000, Last
trade: 88.29000, 24 hour volume: 156455.07758322, 24 hour low: 75.00111, 24 hour high: 94.50000, 24 hour vwap: 86.54041
MJR_III: in
their break even calculations
MJR_III: i feel like
that is what most miners forget about
Ukto: oh, never even heard of
them
bugpowderr: I wonder how
Teramining is coming along
Chaang-Noi: anyone want
to buy
the first bfl asic everordered?
pgp: basic factors would include cost per GH/s for hardware, current network hash rate,growth assumptions in overall network hash rate, cost of electricity, lag
time from laying out cash per GH/s and actually getting it working product. And some sort of
time value of money discount factor for future cash flows. Am I missing anything?
Chaang-Noi: they should have known better
than
to use codes...
mircea_popescu: that says
their redeem codes were broken and leaked equity.
mircea_popescu: O Mercado Bitcoin sofreu um ataque, que infelizmente foi bem sucedido, em sua implementação de redeem code. Devido à um erro de codificação, foi possível ao atacante gerar novos códigos de crédito, sem que o valor fosse devidamente debitado em seu saldo final. Conseguindo assim, gerar um montante falso de bitcoins dentro do sistema e resgatá-lo em
tempo hábil, durante a madrugada.
OneMiner: It's possible
they have finalized a small amount of
their boards on order. So changes
to future boards would be of minimal cost. Like higher quality VRMs or something.
Chaang-Noi: i did not even know
they had an exchange
Chaang-Noi: what do you
think
the price of
the first 60 ghs
to ship would be? if sold on
the market?
ThickAsThieves: they claim
the problem is not with
the chips
themselves
ThickAsThieves: so
their loss in havbing
to send more units
to meet obligations,
ThickAsThieves: BFL is claiming
they will fix
the issue as
they start shoipping
ThickAsThieves: i
think all
the BFL
theorizing is based on old numbers. People were saying in BFL shoutbox last night
that
there are many more
than 6 wafers
mircea_popescu: this should be
taught in hs. "too many knobs ? always pick a value you can't stand"
mircea_popescu: people gotta learn somehow
that lipsticked pig is not useful
mircea_popescu: anyway,
the guy made retarded, miner-biased assumptions
bugpowderr: I
think
there is a website blog
that does a pretty in depth analysis of
the various miners
bugpowderr: by general rule is buy S.MPOE whenever it
touches .0006
bugpowderr: nice bounce in
the price already
though
pgp: any decent resources on
the web
that discusses GH/s NPV (net present value) and associated variables?
bugpowderr: I don't
think
the puts I bought yesterday are going
to make up
the difference :)
gwillen: because
the increase in price does not correspond
to an increase in USD output, because
there's a corresponding increase in difficulty.
gwillen: pgp: if you bought with BTC or with dollars you would have put into BTC, I
think you lose
gwillen: pgp: if you bought with dollars you weren't otherwise going
to use
to buy BTC, I
think you get pretty much a wash
mircea_popescu: in fairness
there's plenty of good reason for
that, as in,
they're supposedly paying ppl in fiat.
mircea_popescu: pgp btc equiv of
the fiat value of
the btc sent at
the
time it was sent
pgp: are
the allowing people
to cancel and are
they returning BTC?
bugpowderr: you will never make up for
the missing coins from
the lost opportunity
OneMiner: pgp You're on
the right
track but it's up
to you
to decide.
bugpowderr: exchange rate could rise in
the future
mircea_popescu: (the german folks recently,
the primeasic earlier etc)
pgp: dumb question, but with
the recent explosion in
the network hash rate doesn't being forced
to wait for bfl's product make it less valuable by
the
time you actually recieve it? Or does
the rise of USD/BTC from
the
time of preorder
to delivery make up for
that? or is it a wash?
mircea_popescu: the only people
to demonstrate fuckuppery of incredible level are both american
OneMiner: I see. Ok, I can agree with
that
then. It's lol if it wasn't so destructive.
mircea_popescu: bugpowderr i dunno about
that.
the only ppl
to demonstrate asic hashing are both chinese
bugpowderr: thank god
their are other semi-competent manufacturers. I
think bitcoin won't actually be much affected by it
OneMiner: Tom's basic? Is
Tom
the guy
that was doing bASIC?
mircea_popescu: OneMiner im
totally seeing a replay of
tom's basic here
tbh.
OneMiner: The
truth of
the matter is
they ether didn't know what
they were
talking about or were lying about
their
time
table and now it
turns out
that
the same goes for
their chip and board production.
They are EITHER (choose one) lying or incompetent.
bugpowderr: shorting BFL would be wonderful
though
bugpowderr: Let
those coins season
till
the next great opportunity comes
bugpowderr: I am just going
to sit
tight for a while
mircea_popescu: people keep wandering in concerned
to see wtf am i
thrashing into
the ground
mircea_popescu: i have been using various items on my desk
to crack
them
mircea_popescu: bugpowderr ya but it was a plastic model and
they had no glue.
bugpowderr: they
tried
to assemble
the plane from parts after
they jumped off
the cliff
mircea_popescu: i can't see a future where
they dig
themselves out of
the hole.
mircea_popescu: and of
the 5
they're not really getting 100%, and
the chips dont work
to spec.
gwillen: fuck if I know how many more
they ordered
gwillen: so clearly
there are going
to be more
gwillen: which is nowhere near enough for all
the preorders
that existed even at
the
time
they said it
gwillen: well,
they were
talking about an order of like 6 wafers
mircea_popescu: gwillen
this isn't about bfl fantasy-labeling of real world items
gwillen: mircea_popescu: as far as I know
they are not dividing anything into batches,
they are just
taking preorders continuously
mircea_popescu: get people
to put up equity (which you call pre-orders)
to deliver benefits
to ppl who put up equity earlier
mircea_popescu: gwillen more importantly
than
the money,
they will have
to get people
to pre-order 2nd batch units