I've put a poll up to gauge interest in TERAMINING.
Instead of me rattling off what I plan to do again, I would like to hear what interested parties think and hopefully gauge what interest their is in this idea.
Topic: Gigamining / Teramining - page 101. (Read 216459 times)
If you would rather not see them, just let me know and I'll block the ports.
lul'd
warehouse
91350.12 Mh/s, 5 nodes and 76 GPUs, 9 problems
91350.12 Mh/s, 5 nodes and 76 GPUs, 9 problems
Just sold my bonds too much uncertainty in this new era of mining.
Guys - the "problems" reported are simply due to mgpumon (the status app) registering temps that would be too low for a running GPU (<40 Deg C).
It isn't a problem at all - just trying to make the best of an application designed for GPU to work alongside FPGA.
Just to be clear, I wasn't talking about this issue, just the whole ball of wax, nothing against giga at all.
warehouse
91350.12 Mh/s, 5 nodes and 76 GPUs, 9 problems
91350.12 Mh/s, 5 nodes and 76 GPUs, 9 problems
I have updated the mgpumon config to not report low temps as issues in the farm.
I do provide these web pages in an attempt to provide transparency into gigaminings operations. If you would rather not see them, just let me know and I'll block the ports.
warehouse
91350.12 Mh/s, 5 nodes and 76 GPUs, 9 problems
91350.12 Mh/s, 5 nodes and 76 GPUs, 9 problems
Just sold my bonds too much uncertainty in this new era of mining.
Guys - the "problems" reported are simply due to mgpumon (the status app) registering temps that would be too low for a running GPU (<40 Deg C).
It isn't a problem at all - just trying to make the best of an application designed for GPU to work alongside FPGA.
warehouse
91350.12 Mh/s, 5 nodes and 76 GPUs, 9 problems
91350.12 Mh/s, 5 nodes and 76 GPUs, 9 problems
Just sold my bonds too much uncertainty in this new era of mining.
warehouse
91350.12 Mh/s, 5 nodes and 76 GPUs, 9 problems
91350.12 Mh/s, 5 nodes and 76 GPUs, 9 problems
He made it clear we own no equipment only 5 mh/s per bond. ....
Bond? You mean bFRN. Because FRN are also called "floaters", lets start calling those perpetual bitcoin floaters as "Turd(s)".
It's all about timing. I made good money when I sold all of my bonds the day BFL's ASIC was announced. 
He made it clear we own no equipment only 5 mh/s per bond. It would be nice asap to give us some idea what he is going to give us regarding sc, thus we can evaluate what the bonds are worth. He is under obligation to give us nothing. Maybe you can ask BFL to give the existing mining stocks 2 weeks lead on the sc equipment.
go run, tell it form the mountain
There has been a lot of screaming and foaming about how those new and less power hungry FPGA's will not help bond holders at all.
If those waste only a fraction of power, the cost per Mh is lower and income must improve per Mh.
If those waste only a fraction of power, the cost per Mh is lower and income must improve per Mh.
I think you dont understand the difference between a bond and a share.
The only thing affecting your bond value is difficulty (and, to some extend, price/difficulty). Any additional increase in hashrate at a given bitcoin price will result in increased difficulty, which will decrease your bonds returns and therefore value. Whatever savings giga or anyone else may obtain from more efficient hardware is not passed to bondholders, its in fact the opposite, its detrimental to existing bond holders.
I stand corrected. Yes, those are just "bonds" hence faster and cheaper BTC mining has no effect on income of those, who helped gigavps to finance his farm upgrade.
Quote
I think you dont understand the difference between a bond and a share.
Share? You probably mean 'stock' and we both know you are wrong 
Don't expect gigavps going out of the mining business. He has higher aims ... >50% network hashrate 
- DILLIGAF keepin at it, gotta admire his pit bull spirit
You wanted to get my attention well you got it and quite frankly looking at what was going on did not impress me to say the least.
Gigaminers have put a lot of trust that I would help make them returns. I take this responsibility very seriously and do not want to leave anyone behind. I know it may be hard to see for some, but there multiple angles to look at here and not all of them include dollars, btc and cents.
Thanks for the reassurance.
Edit:
"Ponzi schemes" are usually called like this because they pay out interest from deposits. Gigamining currently does (partially) do this.
"Ponzi schemes" are usually called like this because they pay out interest from deposits. Gigamining currently does (partially) do this.
I think you and anyone else should be careful with using terms like 'Ponzi schemes', which is a reference to a criminal activity, without having a solid basis in truth for the assertion since doing otherwise could open you up to potential liability.
I have done a significant amount of due diligence on GIGA's operation, including seeing the actual hardware, and would not consider it a 'Ponzi scheme'.
Is it a 'good' investment? Well, that is a decision each individual has to make depending on their risk tolerances, risk-reward profile, etc.
The failure of the PSU is an example of risk that GIGA has taken on and owners of the bond have offloaded. If GIGA miscalculates then he loses money. If GIGA calculates correctly then there is profit. This is how capital gets efficiently allocated and price discovery plays its role.
WOW.
I go on a little drive for 10 hours and I come back to 3 pages of:
What's next? Are you guys going to start suggesting that Pirateat40 and I are the same person?
Gigamining's current state
Gigamining's future
I have already reserved the tickers TERAMINING AND PETAMINING on glbse.com. There will be a trade up program to teramining when SC comes out. What it will look like depends on multiple factors which unless you can predict the future, we'll need to take a wait and see approach on.
Gigaminers have put a lot of trust that I would help make them returns. I take this responsibility very seriously and do not want to leave anyone behind. I know it may be hard to see for some, but there multiple angles to look at here and not all of them include dollars, btc and cents.
Best,
gigavps
I go on a little drive for 10 hours and I come back to 3 pages of:
- Estimations of how much money has been made / lost / ponzi'd
- Ciuciu telling me to get out of the mining game which by the way, won't happen
- DILLIGAF keepin at it, gotta admire his pit bull spirit
- Others wondering what is going to happen with Gigamining and moar speculation
What's next? Are you guys going to start suggesting that Pirateat40 and I are the same person?
Gigamining's current state
- 1 of the 4 mini rigs died, looks to be the PSU. I have overnighted it back to BFL so they can fix it up and run some extended burn in tests.
- I still need to make a move for another 100Gh before SC comes out, more to come on this when I make a final decision. Never hurts to take your time and make sure you have all of the facts before pulling the trigger.
Gigamining's future
I have already reserved the tickers TERAMINING AND PETAMINING on glbse.com. There will be a trade up program to teramining when SC comes out. What it will look like depends on multiple factors which unless you can predict the future, we'll need to take a wait and see approach on.
Gigaminers have put a lot of trust that I would help make them returns. I take this responsibility very seriously and do not want to leave anyone behind. I know it may be hard to see for some, but there multiple angles to look at here and not all of them include dollars, btc and cents.
Best,
gigavps
Somehow I get the picture of bulanula just being that kind of kid that stands behind/next to more popular others and shouts "Way to go, pal!", "You're the best, I always knew!" and "OMG, you're so awesome!" weirding everyone out. Including the people being praised, as they don't know/care who that guy is. 
Edit:
"Ponzi schemes" are usually called like this because they pay out interest from deposits. Gigamining currently does (partially) do this.
Edit:
"Ponzi schemes" are usually called like this because they pay out interest from deposits. Gigamining currently does (partially) do this.
Wrong. It is part of my plan to be liked by more people and get my ignore button to normal levels again.
They call it the "shakaru effect" and I want some too instead of my current crappy "bulanula" effect.
Move on, nothing to see here.
Somehow I get the picture of bulanula just being that kind of kid that stands behind/next to more popular others and shouts "Way to go, pal!", "You're the best, I always knew!" and "OMG, you're so awesome!" weirding everyone out. Including the people being praised, as they don't know/care who that guy is.
Edit:
"Ponzi schemes" are usually called like this because they pay out interest from deposits. Gigamining currently does (partially) do this.
Edit:
"Ponzi schemes" are usually called like this because they pay out interest from deposits. Gigamining currently does (partially) do this.
He has already taken in at least $200k from the bonds issued four boxes so far $60k so $140k in his pocket minus the ponzi payments over the last few months, the profit has already been made in his pocket/BTC wallet with no risk as it was other peoples money who paid for it all..
Quote from: Wikipedia
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.
Giga's operation doesn't require new investment to make it profitable. He has not used all of the capital he raised, and the business is currently operating at a loss, but that does not make it a Ponzi and is in fact very common for new businesses that are rapidly expanding. You being a jackass doesn't make Gigamining a Ponzi, it just makes it a poor investment if you paid 1+BTC/share expecting the difficulty to stay the same for a year. Jump to: