Topic: Gigamining / Teramining - page 25. (Read 216477 times)

Apologies I missed that update.  That said, those stats don't show much about the unclaimed at all.  I got the impression from your post a month ago you would think about compromises or alternate options. 

I did make an update a little while ago.


With the recent rise in BTC prices, more claims are coming in. Claims had slowed somewhat when I originally posted about releasing the stats but this is no longer the case.

I'm hesitant to post facts/stats that are changing every week.

I've also been busy tightening up the mining pool I've built and grappling with the new power requirements for BFL ASIC devices.

He must be busy ... not installing his new BFL ASIC rigs.

It's been a month.  No update from James.  So James, what is the plan?  Where is the published plan of how to move forward and the claims stats? 

I would also like to do it this way. For me it's the sensible thing to do.

https://forums.butterflylabs.com/blogs/luke-jr/118-my-first-asics.html

Announcement - ASIC mining processor by Butterfly Labs, thread

Thanks 2GOOD, but it's supposed to be gigavps who answers those questions I made.

I think people who claimed and are waiting for teramining upgrade should know when he receives BFL machines. I'm upgrading right before he receives them, I can't do this if he doesn't give us this information.

No orders shipped yet, and probably none will be till the end of the week.

gigavps,

are you being told when your order is shipped? I'd like to upgrade my shares right before you get BFL stuff on your hands. Also, I'd like you to keep us updated about every new event.

Thanks.

BFL - March 28th Update from Twitter feed - All together for readability.

I had planned on updating everyone with a video of a board hashing here in KC tonight, but I haven't been able to get that together yet, so I'm probably going to have to push it off until tomorrow. We are targeting a start of shipment next week, but I'm not quite ready to commit to that at the moment giving our past estimates. It's imminent, though.

We may miss our power targets, that's been part of the hold up. we think there's a problem with the power consumption and we're trying to figure out where it's having an issue. However, in the interests of time, we are going to be shipping what we have and going back and fixing while we are shipping.

The power is still far less than any other unit, so it's not like it's somethign crazy or anything, but it's not 1w/GH and we're trying to locate the source of the power drain.

The rest of the 6 wafers, we have been holding off on the last 5 layers for the rest of the chips to be sure we don't need to make a tweak in the metal layer due to the power issue. I think we've pretty much settled that the power issue is NOT in the chip.

If the cooling becomes an issue, like I said we'd scale it back and ship multiple units.

Worst case is 195w, but the power systems aren't rated to handle that, so we'd back off the hashrate before we'd let it get that high.

We will ship the purchased hashrate regardless of what it ends up costing us.


Source: http://www.reddit.com/r/Bitcoin/comments/1b8621/bfl_update_maybe_a_video_tomorrow_shipping/ hat tips to milone & astrobleem on r/Bitcoin

See some interesting comments, like:

...which is a nice perk for those very early pre-orders. Plug in your own power supply and get two for the price of one if you don't mind monkeying around with it on your own.

... they're going to underclock the fully populated boards for the SC singles. So, if you were an early pre-order, you have basically two full units ready to go if you want to plug in a bigger power supply and hope you don't burn the boards out too fast.

Edit to add: Estimated next difficulty: 7248349 (+8.3%) in 7 days and 15.2 hours

Edit to add: Butterfly Labs (BFL) Bitforce SC ASIC Test 

No, lots of people without the initial intention to scam now have scammer tags. It's just that at some point they fuck up or it becomes so lucrative to scam others they can no longer help themselves.

To be fair, to put a a scammer label on somebody you need to have intention as a starting point.
In the case of gigamining I don't see clear intention.
However, James did change the rules and I'll have to wait before I made my final judgment about him. 

I don't think you or Justin00 is wrong. However many things depend on different points of view. I would correct your statement a bit to make my assumption. Majority (>50%) of shareholders claimed shares back. In other words it is widely adopted principle of Democracy. According to that principle if the majority is satisfied with the situation, it creates further direction for the business. And people who did not claim shares back are the minority.

It does not matter if this thread is healthy or not, but there are always annoyed customers in any kind of business activity, in most cases there are two sides of the trade: buyer and seller, and in most cases both cannot win in a short term.

P.S. I do not have strict position if Gigavps decisions are fair or unfair, I do not have enough reputation or even competence to judge that. I did my own due diligence and evaluated my own risks. The outcome was very much positive: to spend one hundred Euro in order to get back couple of thousands Euro in BTC value (expected value of Teramining is not included) and be exposed to identity theft, alternative time cost or whatever risk I am/will be facing. Nevertheless, I would think for smaller shareholders due diligence could show completely different outcome.

I think he means people go way to easy on scammers here. I know you can't do much if the majority plays along. But in a healthy world this thread would be flooded with annoyed customers. I mean at least a post per customer per day until this is fixed. The scammer would be exposed wherever he tried to do business. Unfair behavior would not be tolerated and nobody would stop until it is fixed.

Please then do not hesitate and enlighten me with your understanding

But what is the point for an appostile? You could easily "photoshop" stamp to make it look real.

Anyway I think I missed the announcement that it is enough to send scanned copy  

I do

I do not understand your problem?

My claim was processed very quickly once submitted, i am awaiting monday for dividends to be paid.

+1 so far!

can't believe some of you people

like seriously.. no wonder you all get scammed / ripped off so often... you guys just make it so easy for them...
and each time someone takes advantage of you, it just inspires 10x more people to do the same.

The sad thing is I bet most of you are actually Adults (and yip free to do what you like with your $$) but yeah.... its sickening.