log☇︎
935600+ entries in 0.676s
gwillen: mircea_popescu: ok, show us your math that says they already spent all the money, then
mircea_popescu: OneMiner ok, it will cost less. this i agree
OneMiner: mircea_popescu Hence their scramble I guess. But they made the chips one way or the other so the large initial expense is done with. It will likely cost them less to produce a revised board.
mircea_popescu: from whatever i can foggily remember about managing ops, if you start a project to do X and you do X/2
gribble: BTCUSD ticker | Best bid: 88.70001, Best ask: 88.97000, Bid-ask spread: 0.26999, Last trade: 88.99000, 24 hour volume: 156606.63389529, 24 hour low: 75.00111, 24 hour high: 94.75000, 24 hour vwap: 86.60949
mircea_popescu: but that's irrelevant.
mircea_popescu: and moreover that people have on the net been cancelling
gwillen: mircea_popescu: unless you have inside knowledge about BFL's costs that you should share with the rest of us
mircea_popescu: OneMiner my intel says people sent them a lot of btc back when, and that people have not been sending more
Chaang-Noi: getting one of the first shipped, even at 40 ghs will still be hella good
OneMiner: mircea_popescu People sent them (and are still sending them) bajillions of bitcoins. If they kept any that's where the money comes from.
mircea_popescu: either i'm the only one with a calculator on my os or else wtf is going on here.
gwillen: mircea_popescu: errr, with the fucktons and fucktons of preorder money?
Chaang-Noi: even though i now have bought a bfl 60 ghs i think this mess is lulz
gwillen: mircea_popescu: this just means they will fulfill fewer than we thought
mircea_popescu: with what money are they making more ?
gwillen: mircea_popescu: they are still making more
gwillen: mircea_popescu: they do not currently have anywhere near the number of chips required to fulfill all preorders
bugpowderr: I imagine the chips are the limiting factor
mircea_popescu: if we go with the theory that they're not just halucianting the entire episode.
OneMiner: It's not a money maker. They send more units to fill one order. They screwed up the chips or the board.
mircea_popescu: gwillen but they DID manufacture a finite amount
gwillen: mircea_popescu: they will be forced to manufacture more units than they thought
gwillen: mircea_popescu: they didn't like, manufacture 1000 and then stop
bugpowderr: They reduce the number of chips per unit
gwillen: mircea_popescu: they are manufacturing them
mircea_popescu: well... where's the other units come from
mircea_popescu: but they will deliver 1000 units to conserve hash
mircea_popescu: now they can only deliver 40 gh
Diablo-D3: just changing the firmware out with one that clocks it higher
Diablo-D3: and then keep selling the same units over and over
Diablo-D3: sell intentionally throttled units
OneMiner: At a higher power consumption per hash. Yes, that's how I read it too.
Diablo-D3: heh wouldnt that be interesting
mircea_popescu: with throttled units.
mircea_popescu: OneMiner but they ALSO say that if you want delivery now they will deliver your hash
OneMiner: No, they are saying that they get worse H/j now and you can wait for the claimed H/j revised unit.
mircea_popescu: but i tell you if you want 400 teats with your 100 cows i'll send you 400 cows
mircea_popescu: you order 100 cows from me. i discover the cows i have only carry one teat
mircea_popescu: how does the math of this work ?
mircea_popescu: now they have to throtle units... and yet they can still deliver the same hash ?
OneMiner: Ya, sounds like their chips are crap compared to their claims.
mircea_popescu: they took pre-orders. then they made units.
mircea_popescu: "If you'd rather have your units shipped regardless of increased power usage, we will still guarantee your hashrate by shipping you however many units are required to achieve your purchased hashrate."
OneMiner: Seen this? https://forums.butterflylabs.com/announcements/692-bfl-asic-status-2.html#post20942
mircea_popescu: bfl's "your good friend tom with blood sweat and tears" moment ?
mircea_popescu: https://twitter.com/BFL_News independent twitter stream doesn't look promising.
OneMiner: No getting tipsy? Huff glue?
mircea_popescu: https://bitcointalk.org/index.php?topic=153138.msg1698753#msg1698753 << there you go copumpkin. your fractional shares!
gribble: Next difficulty estimate | 7232519.52401 based on data since last change | 7654236.09946 based on data for last three days
Chaang-Noi: even the germans do better
Chaang-Noi: and their military? lol
OneMiner: Everybody knows that the US will bomb the poop out of just about anybody. Also the US is allied with like, half the world.
mircea_popescu: nobody walked out of that.
OneMiner: That was a supprise attack. They thought they had time. They could have walked back or negotiated. But Brittish attack craft had longer range than they thought.
Diablo-D3: no, falklands really is too stupid for reality
mircea_popescu: falklands comes to mind.
mircea_popescu: OneMiner nothing ever is too stupid for reality.
gribble: BTCUSD ticker | Best bid: 88.20001, Best ask: 88.60228, Bid-ask spread: 0.40227, Last trade: 88.60228, 24 hour volume: 156712.79134942, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.64491
OneMiner: It could be a good fight if it happened. That ruling family seems to be worse than all that BS in Iraq.
ThickAsThieves: ignorance, inexperience, bravado, what have you, the boy will seek a spanking
OneMiner: But even the, it's not stupidity we are talking about. That would fall under madness.
ThickAsThieves: i think you underestimate the stupid in a boy leader
OneMiner: I don't think it's going to happen. It's just too stupid for reality.
ThickAsThieves: how long before first shot fired you think?
ThickAsThieves: it's like something out of cartoon, fat spoiled boy leader wants to fight
gribble: BTCUSD ticker | Best bid: 88.02000, Best ask: 88.89000, Bid-ask spread: 0.87000, Last trade: 88.00800, 24 hour volume: 156726.97399353, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.66077
Chaang-Noi: lol at turtle down the stairs
gribble: (ticker [--bid|--ask|--last|--high|--low|--avg|--vol] [--currency XXX]) -- Return pretty-printed mtgox ticker. If one of the result options is given, returns only that numeric result (useful for nesting in calculations). If '--currency XXX' option is given, returns ticker for that three-letter currency code. It is up to you to make sure that the three letter code you enter is a valid (1 more message)
assbot: Last trade for S.DICE on MPEX was at 0.00419995 BTC [+]
assbot: Last trade for VTX on HAVELOCK was at 0.479 BTC [+]
mircea_popescu: and they were all poor.
mircea_popescu: http://trilema.com/2010/piinea-amara-a-baietasilor-de-cartier/ << that's an old pic from like 1992, back when we were all young
gribble: BTCUSD ticker | Best bid: 89.70000, Best ask: 90.20000, Bid-ask spread: 0.50000, Last trade: 89.70000, 24 hour volume: 155011.66271357, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.70834
mircea_popescu: in other words, i recall them since they were wee famished tykes.
jcpham: just say no to rape mircea_popescu
Chaang-Noi: that is what the said about eminum
mircea_popescu: i guess it's difficult to figure out what's important as a journalist.
ThickAsThieves: that guy is saying what we're all thinking
gribble: smickles was last seen in #bitcoin-assets 9 hours, 36 minutes, and 14 seconds ago: <smickles> you can look forward to stuff like that
gribble: BTCUSD ticker | Best bid: 88.90001, Best ask: 88.91605, Bid-ask spread: 0.01604, Last trade: 88.90001, 24 hour volume: 154552.79615475, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.73328
gribble: BTCUSD ticker | Best bid: 88.81000, Best ask: 89.70000, Bid-ask spread: 0.89000, Last trade: 89.80000, 24 hour volume: 154276.06858765, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.73206
Chaang-Noi: it is more often than not correct (assuming im not trading)
Chaang-Noi: yeah, i said i was guessing, just what my gut tells me what will happen :/
mircea_popescu: which is exciting, i grant you that.
mircea_popescu: truth of the matter is nobody has a fucking clue where we're headed.
jurov: oh noes, tibby. getting afk to prevent another wasted afternoon xD
Chaang-Noi: mp i kind think it will go up after it goes down, as long as the down is not too far down
jurov: haha now i seriously consider to pay deprived to make me such analysis
mircea_popescu: i keep being the bad news of the rally ;/
jurov: it also depends how many unexercised mpoe calls are there..having potential to flood market with cash
mircea_popescu: so basically you expect it to go up unless it goes down ?
Chaang-Noi: i kinda expect next tuesday to smash the 100 assuming we dont massivly correct before then
Chaang-Noi: i think it will be bumpy
Chaang-Noi: jurov i think some day traders are getting out of it for the long weekend
gribble: BTCUSD ticker | Best bid: 88.97000, Best ask: 89.00000, Bid-ask spread: 0.03000, Last trade: 89.00000, 24 hour volume: 150244.81237909, 24 hour low: 75.00111, 24 hour high: 94.99000, 24 hour vwap: 86.73526
Chaang-Noi: http://www.classiccarclubphuket.com/JoeSales/Porsche997Turbo.html why the fuck is this care being sold at $350,000 usd?
pizzaman1337: hey guys, you want to hear a joke?
ThickAsThieves: just move to asia
mircea_popescu: i met a few when i was doing that myself, so it's certainly not "nobody"