953800+ entries in 0.692s
midnightmagic: mrb_ came in one
time and started
talking about something he'd heard existed: a preimage-like attack on
the hashing algo which allowed a 2x speedup algorithmically,
to any miner implementing it.
midnightmagic: That was before he mined for another bunch of months and
then started selling his designs
to unknown
third parties.
Chaang-Noi: i was
told he has 60,000 btc locked in his offline never spend coins
Bowjob: It seems a crazy idea
to me..
that might just work
Bowjob: Is it viable
to live off of BTC
midnightmagic: I don't even bother RMA'ing my GPU anymore.
Total waste of
time.
midnightmagic: I mean my GPU and FPGA. I've been itching
to do some FPGA development for some
time now.
Bowjob: are you moving
to LTC?
midnightmagic: I'll
tell you one
thing. I am *SO* looking forward
to
the near-future day when I can shut all my g-d miners right
the hell off.
midnightmagic: "What is it?" "Don't know, every
time we plug it in it keeps
trying
to connect
to a weird IP address and port.."
midnightmagic: "This
thing made a whole bunch of money and
then suddenly became completely useless!"
midnightmagic: Bowjob: Avalon customers are getting credit for Icarus
trade-in and ..
the other one. Lancelot.
mircea_popescu: since now all
that is being paid for, people get a much better idea of
their actual costs.
midnightmagic: Bowjob:
The amusing part is, people who do
that simply can't compete with
the long
tail of people doing for "free" in
their hobby
time and getting
the cheap
tier of residential electrical costs. :)
mircea_popescu: the
thing is before a large portion of mining cost was hidden (as "free" expertise)
Bowjob: and avalon users will get credit for a
trade in, yeah?
mircea_popescu: by
then probably better units need
to be bought. and so...
Bowjob: heck, if
this becomes profitable for me I'll rent a warehouse
mircea_popescu: take a while for a 60gh asic
to cost 1.x k usd in electricity.
mircea_popescu: midnightmagic i'd guess electricity will never be
the bound. fixed costs amortisation will always be larger from now on
midnightmagic: I'm fairly sure
that electricity won't be
the lower bound of price for some
time.
The first
time was market reaction
to
the bubble crash, and lots of doofuses predicting
the death of bitcoin.
Bowjob: mhm..
the whole
thing was a minefild
midnightmagic: Heck, I was about
to order one from cablepair before he went insane.
midnightmagic: Diversity of hardware in
the event of asic doomsday, ethics of ngzhang, BFL's past history of late delivery, and I've been mining since Dec '10.
Bowjob: and
they had better specs
Bowjob: Yeah.. coz, back
then BFL said
they would deliver sooner
mircea_popescu: Bowjob i
think midnightmagic bought some, you can ask him
Bowjob: .. did someone see
through josh's lie?
Bowjob: ..
then whats
the point of avalon
then
Bowjob: josh said
theyd deliver faster, and bfl were superior
tech wise
Bowjob: I wonder what people were
thinking when
they bought Avalon 1
Bowjob: which is very difficult for me
to do
Bowjob: thats considering you convert it
to fiat
Bowjob: oh.. well as for
the asic
gribble: BTCUSD
ticker | Best bid: 44.40666, Best ask: 44.49000, Bid-ask spread: 0.08334, Last
trade: 44.94000, 24 hour volume: 40002.15598561, 24 hour low: 42.41100, 24 hour high: 44.94000, 24 hour vwap: 43.69874
Bowjob: damn chang,
touching assbot
assbot: I
thought I
told you not
to
touch me.
Chaang-Noi: i bet asicminer shares are going
to bubble soon
Bowjob: cant wait
to get my hands on it. it even comes with gloves
mircea_popescu: BitHub o,
the gumpys. i never cancelled,
the other party vanished.
Bowjob: mhm, i find it good news
that
the asics
that were shipped
took a week only
BitHub: you were going
to film a renactment or osmething
BitHub: i'm intrested in
that film stuff you were saying
the other day mircea
Bowjob: i mean, 200 BTC..
thats says no on bitbet
mircea_popescu: what i do with it is nobody's business, what
the heck is
this.
Chaang-Noi: at current rates, and bfl wont get
there in
that
time...
Chaang-Noi: i would odds are pay $10k for a working alalon
that was right here right now.
mircea_popescu: this is a little more
than what asicminer increased. so... he's about in
the market atm.
Bowjob: offering
to buy an avalon for $10000
Bowjob: no, its just some random dude at
the forums
Bowjob: if bfl fails
to deliver, batch 2 avalon will ship
Bowjob: theres
this one dude at
the forums offering $10000 for an avalon
Bowjob: so avalon did deliver,
they are late for
the rest
though, since
their deadline was by march 1st
mircea_popescu: Bowjob
there were some who did report privately. i knew of a few.
Bowjob: yeah
there was
this chinese dude
that didnt
tell
the forums
mircea_popescu: and 2.
that
these are producing each less
than about half
the network
midnightmagic: Some users did get
their units outside of jgarzik and
the btc foundation.
mircea_popescu: anyway, it's very fortunate and convenient
that 1. asics are delivered by
two companies with roughly equal output
Bowjob: then resumed on march up
to march 10,
Bowjob: he did deliver 2 on jan, but got shut down by
the chinese
Bowjob: yifu said feb 28..
then he moved it
to possible jan 20 deliver
midnightmagic: And in China, a few users did in fact receive
their units.
Bowjob: yeah,
they were 10 days late
mircea_popescu: Bowjob ya well, keeping accurate accounting of all
the weird communication people pour into
the market out of noobishness and whatever other reasons is difficult.
Ukto: technically all of batch 1 was supposed
to be shipped by march 1st
Ukto: just be ready
to be surprised.
Ukto: I know alot about AM
that I cant discuss. :)
Bowjob: well mp,
their deadline was actually feb 28
mircea_popescu: asicminer, also ready in january, also 12
th, has slowly been bringing units online
to about what, 5-7th now
mircea_popescu: Ukto batch 1 was like 200 units iirc.
that's a
total 12th or
thereabouts.
Ukto: yeah, but
those are batch 1
midnightmagic: Most of
the inconsistencies we can see are just as likely
to be MT's lack of perfect knowledge of what's going on, which of course I know of no people who are perfectly aware of
their own systems.
mircea_popescu: Ukto re avalons, some deliveries have been popping up in
the us
mircea_popescu: anyways. just
taking
the opportunity
to compare notes.
midnightmagic: One of
them did, but only on
the forum, and did not seem at all concerned about losing $50k worth of bc.
mircea_popescu: in fact, afaik none did pursue
the matter when confronted
midnightmagic: And we have no evidence
that
that is not
the case. Also, many of
those who complained publically disappeared and did not pursue
the matter when confronted.
mircea_popescu: and
the guy with
the emails db claimed
that it was mtgox poor practices (course... he's
the
thief)
mircea_popescu: midnightmagic it's a fact
that customers had been reporting passwords being broken into which
tux/gox blamed on customers, for weeks prior.
midnightmagic: mircea_popescu:
There is no evidence
that is
the case, nor is
there any evidence from our perspective
that MtGox
themselves did anything less
than
they could have
to prevent
the account leaks. From what we know, it was either
two hacks, one of
them being a readout from a financial analyst who had privileged access, and
the other being completely unknown, or one hack, being
the financial analyst.
Ukto: although if I get my avalons in
the next week, i will be stoked :P
Ukto: wiwthin
the next 2~6 days
mircea_popescu: well, so
they come out
to about even as best i can see.
Ukto: but i know
the reality of
things hehe
Ukto: kinda sad since i bought avalons and rooting for
them
mircea_popescu: midnightmagic
the sticky issues in my mind is whether
the hacked account at
that
time was mtgox selftrading on customer credit, and whether
the email leak at
that
time is something
they failed
to prevent
Ukto: except AMs
turnup
time is far faster