Off-Topic - page 206. | Bitcointalksearch.org

MinermanNC

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Quote from: Pistachio on June 24, 2013, 09:46:22 AM

Quote from: MinermanNC on June 24, 2013, 09:27:20 AM

Back to a previous discussion yesterday as to why companys like terrahash shouldn't sit on their products for very long... anyone read this yet? Seems to be happening more and more... not trying to dampen our spirits here, but this is the concerning reality we all face.

http://www.coindesk.com/california-issues-cease-and-desist-letter-to-bitcoin-foundation/

and anyone noticing the slide in BTC last couple of days......

Should this be a concern for those of us who are planning to have TH host our miners? Would it be safer to have them shipped directly and then avoid any possible confiscation by the state of California?

Well in my opinion, I would still go with the hosting if thats your plan... as of now it only seems that the companys that are being targeted are the ones that buy, sell and trade BTC where cash transactions are involved., not so much the makers of the miners,,,,and then they would only be sending the BTC to your wallet from your hashings. But stay tuned! lol, ya never know. But i think the hosting is a safe bet right now.

Pistachio

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Quote from: MinermanNC on June 24, 2013, 09:27:20 AM

Back to a previous discussion yesterday as to why companys like terrahash shouldn't sit on their products for very long... anyone read this yet? Seems to be happening more and more... not trying to dampen our spirits here, but this is the concerning reality we all face.

http://www.coindesk.com/california-issues-cease-and-desist-letter-to-bitcoin-foundation/

and anyone noticing the slide in BTC last couple of days......

Should this be a concern for those of us who are planning to have TH host our miners? Would it be safer to have them shipped directly and then avoid any possible confiscation by the state of California?

MinermanNC

legendary

Activity: 2198

Merit: 1000

Back to a previous discussion yesterday as to why companys like terrahash shouldn't sit on their products for very long... anyone read this yet? Seems to be happening more and more... not trying to dampen our spirits here, but this is the concerning reality we all face.

http://www.coindesk.com/california-issues-cease-and-desist-letter-to-bitcoin-foundation/

and anyone noticing the slide in BTC last couple of days......

zurg

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Crypto Investor ;) @ Farmed Account Hunter

Quote from: jelin1984 on June 24, 2013, 07:57:34 AM

Do you have the PayPal adress of terrahash?

Ohhhh.., yeah does anyone have it?

Why didn't i think of that? (dohh)

jelin1984

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Do you have the PayPal adress of terrahash?

zurg

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Activity: 826

Merit: 500

Crypto Investor ;) @ Farmed Account Hunter

Quote from: Shimple on June 24, 2013, 07:50:22 AM

Quote from: zurg on June 24, 2013, 07:47:37 AM

Great, I might loose one of my preorders Sad

#1213 for 1 K64.
Stupid bank screwed up and never sent the $... If I redo the transaction today the fastest TerraHash will get it is on Tuesday (tomorrow).
Sent them an email to see what I should do... only 2.5BTC's to my name, lol.

Same thing might happen to me except with 2 K64s Sad

When did you send your wire transfer? I sent it on Thursday and still no "Processing" status. Hopefully he revives the money today Cry

My order Data was June 19th.., and I was kinda waiting on Paypal to be opened again... (they did say temporarily? right? lol)
Well, I kicked off transfer on 20th... and it's in process.. so dunno.. I emailed TerraHash on Friday night probably an hour after they closed asking to see what is the best course of action.
No reply yet.
I can still drop them Paypal instantly..., just dealing with a bank sux. They act like they own my $, lol.

Shimple

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Quote from: zurg on June 24, 2013, 07:47:37 AM

Great, I might loose one of my preorders Sad

#1213 for 1 K64.
Stupid bank screwed up and never sent the $... If I redo the transaction today the fastest TerraHash will get it is on Tuesday (tomorrow).
Sent them an email to see what I should do... only 2.5BTC's to my name, lol.

Same thing might happen to me except with 2 K64s Sad

When did you send your wire transfer? I sent it on Thursday and still no "Processing" status. Hopefully he revives the money today Cry

zurg

hero member

Activity: 826

Merit: 500

Crypto Investor ;) @ Farmed Account Hunter

Great, I might loose one of my preorders Sad

#1213 for 1 K64.
Stupid bank screwed up and never sent the $... If I redo the transaction today the fastest TerraHash will get it is on Tuesday (tomorrow).
Sent them an email to see what I should do... only 2.5BTC's to my name, lol.

gbx

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Sounds like today we will find out where we all stand in terms of what production run we're going to be in. I can't believe this thread fell onto the second page!!!

Looking forward to hearing where we all stand!

Shimple

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Quote from: SteveB on June 23, 2013, 11:02:09 PM

https://bitcointalksearch.org/topic/m.2562419

If I read the above post by BitSyncom correctly, the lead time of 9-10 weeks applies to later chip orders too and not just to the very first ones.
So Terrahash's first batch (ordered May 10 & 16) would be due by about late July.
The second batch (ordered June 19) would not be due before late August or early September! Sad

That is a lot later than the 2 weeks after the first batch delivery that was estimated by Terrahash here: https://bitcointalksearch.org/topic/m.2520769

If the email tomorrow from Terrahash does not say my order is in the first batch, I think I'm going to have to cancel my order Angry

I wonder if he made a special deal with BitSyncom Huh

He seemed pretty positive that it would be only 2 weeks difference?

TH any updates on this?

If anyone is selling 18GHash boards in the first batch id love to buy off ya if your willing to sell Tongue

SteveB

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https://bitcointalksearch.org/topic/m.2562419

If I read the above post by BitSyncom correctly, the lead time of 9-10 weeks applies to later chip orders too and not just to the very first ones.
So Terrahash's first batch (ordered May 10 & 16) would be due by about late July.
The second batch (ordered June 19) would not be due before late August or early September! Sad

That is a lot later than the 2 weeks after the first batch delivery that was estimated by Terrahash here: https://bitcointalksearch.org/topic/m.2520769

If the email tomorrow from Terrahash does not say my order is in the first batch, I think I'm going to have to cancel my order Angry

Vigil

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I don't see that BFL and Avalon have any continued advantage to delay in order to hold off difficulty because ASICMiner will supposedly be releasing their next generation chips before the end of the year. Once they do this, current gen BFL and Avalon chips will be obsolete. They may as well just get them out the door while they still can.

Another thing I was thinking which may be a bit off topic is in regards to BFL, especially. That is they are having these chips made in China... that basically amounts to an ASIC technology transfer to China. Who doesn't believe that the Chinese are producing their own chips for use directly based off these various ASIC chips? I am almost willing to be they have an assembly line producing BFL chips for themselves right beside the one that go to BFL customers. With this kind of application you are pretty much stabbing yourself in the stomach by having your chips made there because of the concept of "difficulty" and not necessarily just a simple technology transfer.

Shimple

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Quote from: justmyname on June 23, 2013, 07:46:44 PM

I would guess TH will ship our orders and then decide if they want to supply hardware in the future. They made enough money to get started mining if that's what they want to do. They say. "We have already taken orders for all the chips that we have pre-ordered from Avalon. We won’t be taking any more orders for the time-being. We will open orders for assembly only service when Avalon gets closer to shipping the chips. Or, in case there is more demand, we will pre-order another batch of 10,000 or 20,000 chips from Avalon and take more orders."

It depends on how much hardware companies like Avalon and Butterfly ship in the future. Whether it will be worth it for TH to ship more hardware. Most of these companies believe the money is in selling the hardware and that we will screw ourselves.

Fair enough. I personally think that the best game would be to ship, mine with the profit until you can then ship em out again. Do the loop all over again.

justmyname

sr. member

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I would guess TH will ship our orders and then decide if they want to supply hardware in the future. They made enough money to get started mining if that's what they want to do. They say. "We have already taken orders for all the chips that we have pre-ordered from Avalon. We won’t be taking any more orders for the time-being. We will open orders for assembly only service when Avalon gets closer to shipping the chips. Or, in case there is more demand, we will pre-order another batch of 10,000 or 20,000 chips from Avalon and take more orders."

It depends on how much hardware companies like Avalon and Butterfly ship in the future. Whether it will be worth it for TH to ship more hardware. Most of these companies believe the money is in selling the hardware and that we will screw ourselves.

Shimple

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Quote from: detail3 on June 23, 2013, 03:48:41 PM

Quote from: newguy05 on June 23, 2013, 03:03:34 PM

Quote from: detail3 on June 23, 2013, 02:08:05 PM

Its smart for Avalon to ship your chips because they have future orders to think about...any business that can't see past the horizon of say...next week won't be in business very long. Delaying shipping, especially purposefully, really hinders all future revenues for Avalon in this case. You KNOW Terrahash will order more chips, by way of example, but not until these orders are filled.

I think the main disconnect between our arguments is simply that I realize businesses don't benefit directly screwing people, not for long anyway. You're also totally discounting future chip orders that would be hindered by this 'two more weeks' game. I'm not saying you're wrong, just that I disagree.

"I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith. Hell vegas seemed tame by comparison."

Me too, and its insane.

FWIW, my bet is on TH and Avalon, I also would have bet on KNC...but that's it.

You are missing the point though, if they fill all those orders now -> difficulty goes up significantly -> their hardware prices have to drop in accordance in order to have any future orders. So it's not that if they ship it now, someshow people will place more future orders. It's all linked back to controlling the difficulty.

There is no long term, no running a legit business planning for the future. It's a mad dash cash grab to suck in as much preorder money as they can before the difficulty hit the threshold that makes hardware prices drop to their cost basis while trying hardest to delay shipping->difficulty, after the hardware balances out then btc will trade just like any other commodity.

Well, I see your point, suffice it so say that in effect I simply disagree with your conclusion. I actually think there is a future for companies in this emerging field...that is to say...dedicated miners.

There definitely is some future, possible if they are among the first ones to ship thus making them more reliable then the rest, but if they have a working product, why not mine your self for a few days/weeks then ship em out Wink

More profit in your pocket Cheesy

Then again, there is so many of these alt coins they can always make dedicated miners for the other coins...

detail3

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Quote from: newguy05 on June 23, 2013, 03:03:34 PM

Quote from: detail3 on June 23, 2013, 02:08:05 PM

Its smart for Avalon to ship your chips because they have future orders to think about...any business that can't see past the horizon of say...next week won't be in business very long. Delaying shipping, especially purposefully, really hinders all future revenues for Avalon in this case. You KNOW Terrahash will order more chips, by way of example, but not until these orders are filled.

I think the main disconnect between our arguments is simply that I realize businesses don't benefit directly screwing people, not for long anyway. You're also totally discounting future chip orders that would be hindered by this 'two more weeks' game. I'm not saying you're wrong, just that I disagree.

"I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith. Hell vegas seemed tame by comparison."

Me too, and its insane.

FWIW, my bet is on TH and Avalon, I also would have bet on KNC...but that's it.

You are missing the point though, if they fill all those orders now -> difficulty goes up significantly -> their hardware prices have to drop in accordance in order to have any future orders. So it's not that if they ship it now, someshow people will place more future orders. It's all linked back to controlling the difficulty.

There is no long term, no running a legit business planning for the future. It's a mad dash cash grab to suck in as much preorder money as they can before the difficulty hit the threshold that makes hardware prices drop to their cost basis while trying hardest to delay shipping->difficulty, after the hardware balances out then btc will trade just like any other commodity.

Well, I see your point, suffice it so say that in effect I simply disagree with your conclusion. I actually think there is a future for companies in this emerging field...that is to say...dedicated miners.

MinermanNC

legendary

Activity: 2198

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This is just something to think about: my 160 chip order placed on Tuesday, had a calculated estimate of $128.00 daily earnings, on Friday it had dropped to 123.00 and right now its at 117.00. Once in this game you will always be chasing the difficulty playing catch up. BTC Guild has been breaking over 39k G/hash, Slush's pool is at an all time high over 18k G/hash now. I just hope Terrahash is going to move with a sense of urgency. In this case, more than ever...TIME is money!

And: BTC value has pretty much held between 107 and 109 since.....

Shimple

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newguy05

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Someone is sitting in the shade today...

Quote from: detail3 on June 23, 2013, 02:08:05 PM

Its smart for Avalon to ship your chips because they have future orders to think about...any business that can't see past the horizon of say...next week won't be in business very long. Delaying shipping, especially purposefully, really hinders all future revenues for Avalon in this case. You KNOW Terrahash will order more chips, by way of example, but not until these orders are filled.

I think the main disconnect between our arguments is simply that I realize businesses don't benefit directly screwing people, not for long anyway. You're also totally discounting future chip orders that would be hindered by this 'two more weeks' game. I'm not saying you're wrong, just that I disagree.

"I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith. Hell vegas seemed tame by comparison."

Me too, and its insane.

FWIW, my bet is on TH and Avalon, I also would have bet on KNC...but that's it.

You are missing the point though, if they fill all those orders now -> difficulty goes up significantly -> their hardware prices have to drop in accordance in order to have any future orders. So it's not that if they ship it now, someshow people will place more future orders. It's all linked back to controlling the difficulty.

There is no long term, no running a legit business planning for the future. It's a mad dash cash grab to suck in as much preorder money as they can before the difficulty hit the threshold that makes hardware prices drop to their cost basis while trying hardest to delay shipping->difficulty, after the hardware balances out then btc will trade just like any other commodity.

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: angelus359 on June 23, 2013, 02:43:34 PM

If they want to mine using my board for an hour, thats fine.

A week? Not OK.

Agreed! I do want know that it will work for me when I plug it in...lol and get one of those nice little round stickers that say "Passed ok" on it...

Topic: Off-Topic - page 206. (Read 384417 times)