Jesus.
I think your on to something useful at this stage, Isidore of Seville is the patron saint of computer technicians. Frame that shit in the server room.
And yes, I'm pro-split.
Topic: all finished - page 7. (Read 43249 times)
I think your on to something useful at this stage, Isidore of Seville is the patron saint of computer technicians. Frame that shit in the server room.
And yes, I'm pro-split.
I agree to the split idea as well.
I like the overall split idea. It's fair, as you pointed out. No reason for one group to suffer just because of the titan they are on.
I was thinking about that as well. I think it is fair because we all joined the same investment. If one of the miners isn't working, only a few would have to pay the price, which is unfair in my opinion.
If I'm allowed to vote, I'd vote yes.
If I'm allowed to vote, I'd vote yes.
Thanks Waldo. Good luck...
KNC claimed that all Titans were now being shipped with the y-cables at least a week before they reported your first Titan as shipped.
At this point it's just so bad it's comical.
At this point it's just so bad it's comical.
Good work under shitty circumstances Waldo!
thanks for the update and hard work! sounds like KnC have really fallen short again.
Appreciate your hard work Waldo.
What is going on? Give us some information waldohoover...
Yes, but roi getting back your 1 btc @ 12 mh is pretty much not going to happen.....thats the main reason for not even getting started. I know its sad but its the truth.. unless ltc has a huge spike.
Possibly true but I just wanna get mining and try to get something back, lots of options.
a Klondike like stampede in the future maybe as more and more people wake up to central banking fiat ponzi scheme.
Let us get some mined first before the mad scramble to get out of fiat.
KNC has released firmware 1.10. It seems to be a pretty massive improvement, and users in their forum seem to be having good luck with it.
https://www.kncminer.com/news/news-117
They also released a statement saying Titan will work well with more pools
https://www.kncminer.com/news/news-116
Things to consider when selecting the pool for the Titans.
https://www.kncminer.com/news/news-117
They also released a statement saying Titan will work well with more pools
https://www.kncminer.com/news/news-116
Quote
These are a few of the pools that we've tested and confirmed running the new firmware (1.10) at 300+ MHs so far:
• Give Me Coins
• WeMineLTC
• LiteGuardian
• GHash
• Clevermining
• Coinotron
• Litecoinpool.org
• Give Me Coins
• WeMineLTC
• LiteGuardian
• GHash
• Clevermining
• Coinotron
• Litecoinpool.org
Things to consider when selecting the pool for the Titans.
Yes, but roi getting back your 1 btc @ 12 mh is pretty much not going to happen.....thats the main reason for not even getting started. I know its sad but its the truth.. unless ltc has a huge spike.
....Will send you a confirmation Email I got from you....
OK, confirmation of 12MH received,
thanks Waldo.
My own opinion is, if they mine and are reasonably stable, and reliable even if at reduced though reasonable hashing speed, is let em mine, I knew it was a risk when I bought in.
Applying for refunds, court cases etc might bring in to play further unknowns.
The Titans appear quite flexible, with Scrypt-N so there are lots of variability with regards ROI..
I think the long term issue is are they reliable over the long term, even if, not hashing as guaranteed.
Perhaps we could push for compensation on that issue as a side issue with KNC.
It may be that firmware updates may resolve some of the hash rate issues.
All things being equal though, if our units are mining at a reduced hash rate, then so are everyone elses
Maybe put in a proviso with KnC advising that, in the interests of XXXX we preliminarily accept the units provided they are reliable long term with no further major problems.
I'd say, if the units are long term reliable and a reasonable hash rate, let's get mining.
OK, confirmation of 12MH received,
thanks Waldo.
My own opinion is, if they mine and are reasonably stable, and reliable even if at reduced though reasonable hashing speed, is let em mine, I knew it was a risk when I bought in.
Applying for refunds, court cases etc might bring in to play further unknowns.
The Titans appear quite flexible, with Scrypt-N so there are lots of variability with regards ROI..
I think the long term issue is are they reliable over the long term, even if, not hashing as guaranteed.
Perhaps we could push for compensation on that issue as a side issue with KNC.
It may be that firmware updates may resolve some of the hash rate issues.
All things being equal though, if our units are mining at a reduced hash rate, then so are everyone elses
Maybe put in a proviso with KnC advising that, in the interests of XXXX we preliminarily accept the units provided they are reliable long term with no further major problems.
I'd say, if the units are long term reliable and a reasonable hash rate, let's get mining.
I've got no idea what Miner I'm on,
I sent you my BTC and LTC address I specified when I bought 12 MH
Will try log into Miningsolutiopns see if it reconises me and tells me.
OK logged in, but as far as my account is concerned
I only have 2MH but I bought 12 MH.
Will send you a confirmation Email I got from you.
I sent you my BTC and LTC address I specified when I bought 12 MH
Will try log into Miningsolutiopns see if it reconises me and tells me.
OK logged in, but as far as my account is concerned
I only have 2MH but I bought 12 MH.
Will send you a confirmation Email I got from you.
agreed at leaving the pitchforks in the shed! waldohoover is not at fault here and I understand the position he is in!
I just wanted to hear his opinion on the matter. even though it was late, I can fully sympathize with the decision to let them mine and hope for scrypt-n to be efficient with one of the next firmware updates.
I am in miner #7, so I will have to wait anyway. If massive problems should occur, hinting at impossible ROI of the units, I would still like to cast my vote for a return, but it's easy for me to say that, since I will have the pain/luxury of having to watch 6 Titans go online before my invest even starts returning
I just wanted to hear his opinion on the matter. even though it was late, I can fully sympathize with the decision to let them mine and hope for scrypt-n to be efficient with one of the next firmware updates.
I am in miner #7, so I will have to wait anyway. If massive problems should occur, hinting at impossible ROI of the units, I would still like to cast my vote for a return, but it's easy for me to say that, since I will have the pain/luxury of having to watch 6 Titans go online before my invest even starts returning
These Titans may have decent ROI if they are actually able to mine Scrypt-N.
But there will be a ton of hashing power incoming as all these Titans are delivered.
So I think my vote is to return for a refund instead of ultimately waiting 10-15 months (estimate, if ever) to ROI.
EDIT: And all those Antminer L1's may start hashing in December/January, making it even more difficult to ROI. So my vote is definitely to return for a refund.
But there will be a ton of hashing power incoming as all these Titans are delivered.
So I think my vote is to return for a refund instead of ultimately waiting 10-15 months (estimate, if ever) to ROI.
EDIT: And all those Antminer L1's may start hashing in December/January, making it even more difficult to ROI. So my vote is definitely to return for a refund.
Thanks and considered! Are you in T1 or T2 (or T3) by any chance?
The difficult thing is if we DO decide to return the units, that means they cannot be opened. Do you see where I'm getting at? If we get 2 Titans today and we do not open them due to maybe returning them and then a week later everyone decides to keep them and mine, well, see, we just wasted a week of mining.
BUT! If I see a storm of people coming in saying let's attempt the return I will consider it, but we need a huge majority of people speaking for the miner they are listed in. Remember, I'm open to anything as long as all of you agree to a decision and know the reward or consequences that may come out of it. I only say that because I have done 2 refund/lawsuit ordeals and both have not turned out well, at all. I'm leaning towards just mining with the units (everyone's original intention when purchased) but I definitely see and understand how the circumstances have greatly changed since the original order times.
I am in T6, so I've got some waiting time. I do wish shareholders had the option to sell their shares off, though.
Selling the unit on ebay would seem to yield a little less than half the BTC I put in initially, so I'd rather not do that. I am certainly open to mining if it yielded a steady residual payout beyond 1/2 my initial investment. I just don't know if we will reach that point before you have to shut down the Titans due to negative returns.
I'll never pitchfork you, Waldo. I knew this was a gamble when I bought in. I would be thrilled to get .95 BTC for each single BTC I put in.
Anyone want my shares at 1 BTC each?! 17% off!
I only say that because I have done 2 refund/lawsuit ordeals and both have not turned out well, at all.
This. Historically, attempting to get a refund with legal action just results in more pain that it's worth. I really think we just need to let these machines mine and earn back what we can.
So I think my vote is to return for a refund instead of ultimately waiting 10-15 months (estimate, if ever) to ROI.
Don't get your hopes up. I severely doubt much will come of all the refund talk. If you want as much money back as possible, I'd push for selling the Titan.When I bought my shares, I believe Bitcoin was ~$550. It is now ~$370. So, Bitcoin is only worth 67% what it was at the time of purchase. So, if you were able to sell your Titan for 67% of the initial $10,000 cost (so $6,700) you would theoretically end up with the same amount of Bitcoin as before your purchase. A quick check to eBay shows that they'll probably sell for around $4,500. You can work this math further if you care.
Me personally, I just say let's let them mine. The miners do seem to be getting better with firmware updates. Also, no other vendor has yet to ship a scrypt miner anywhere near the efficiency of the Titan, even with the higher-than-stated power consumption. This may change once the Antminer L1 ships, but that is still about 2 months away (if even). The GAWminers Vaultbreaker has basically disappeared off the face of the Earth.
Waldohoover, how much will we be getting back if we return the miner? If I'd get my 1.2 BTC back, I'd love to teturn it.
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