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Topic: Official ASICMINER Hardware Information - page 10. (Read 57793 times)

newbie
Activity: 35
Merit: 0
August 15, 2013, 09:00:58 PM
just to quote what you said:

"(ASICMINER) have created thousands and thousands of pissed off customers that thought they were going to "print money" but got taken to the cleaners"

AM didn't tell them they were going to "print money", the customers didn't do their due diligence. Not AM's fault.

Presumably all these thousands and thousands of "pissed off" customers won't come back, and that will be the end of AM's hardware sales. Or perhaps they will sell out in days again?

I'm just struggling to understand why you are having a go at AM? They made no false promises with their products, did not guarantee or even suggest any returns, simply put a product out there that people couldn't get enough of. Nobody forced anyone to buy them. People want mining equipment now, not vaporware that may appear or may not appear.

If people can't use a ROI investment calculator then they shouldn't be in this business. Again, their responsibility, not AM's.


Again with the defensiveness?!?

I never said AM told people anything.  Stop reading me as an attack and perhaps you will understand.  I never stated AM is responsible for the foolishness of others.  I said they are taking advantage of them.  This is great for the shareholders and re-sellers.  Not the miners.

Yes thousands but there are thousands more waiting in line to get burned (for now).  I just don't think its a long term business model as the number of fools will eventually run out and then it will become a problem for AM.  Unless the business plan is "take the money and run".  It does not promote bitcoin in a positive way.

By your logic, people still fall for Nigerian 419 scams deserve to be scammed. Before you get all defensive again.  MY POINT AGAIN IS PEOPLE ARE STUPID AND FOOLS ARE BORN EVERY SECOND.  Do you really expect people to use proper ROI investment calculators?  Seriously?

This is constructive criticism for them to contemplate, not an attack.  If you don't want to listen, then I can't help you.  If I were a shareholder I would be concerned about this.

Cheers.



full member
Activity: 147
Merit: 100
August 15, 2013, 08:10:00 PM
well, ok Smiley
enough offtopic here.
hero member
Activity: 490
Merit: 501
August 15, 2013, 08:07:09 PM
...
Largest maybe, but certainly not the fastest.

so you mean bitcoin is under danger of 51%+ attack today?
and this smaller-but-faster existing computer (or network) should be? name of it?  Shocked

this is just a result of different points of view.
full member
Activity: 147
Merit: 100
August 15, 2013, 07:53:52 PM
...
Largest maybe, but certainly not the fastest.

so you mean bitcoin is under danger of 51%+ attack today?
and this smaller-but-faster existing computer (or network) should be? name of it?  Shocked
hero member
Activity: 490
Merit: 501
August 15, 2013, 07:48:22 PM
@Trongersoll

did you forgotten to comment the quote above?
and your opinion is... ? Smiley

typo. fixed
full member
Activity: 147
Merit: 100
August 15, 2013, 07:47:31 PM
Am thinking someone not understanding how many FLOPS go into calculating only one single difficulty one share.  Bitcoin calculating network performing way more than exaflops - being many times more than top 500 supercomputers combining to calculate.
wink Wink
full member
Activity: 427
Merit: 100
August 15, 2013, 07:43:20 PM
Am thinking someone not understanding how many FLOPS go into calculating only one single difficulty one share.  Bitcoin calculating network performing way more than exaflops - being many times more than top 500 supercomputers combining to calculate.
full member
Activity: 147
Merit: 100
August 15, 2013, 07:32:11 PM
@Trongersoll

did you forgotten to comment the quote above?
and your opinion is... ? Smiley
hero member
Activity: 490
Merit: 501
August 15, 2013, 06:56:09 PM
Interesting chart.  It appears that the Bitcoin hashing network is the most powerful distributed supercomputer on the planet by far...

yes, absolutely. but very dumb supercomputer indeed.

edit:
well, not dumb. just not a supercomputer but a "dedicated solver" Smiley

we roll dice REALLY well.

world's largest and/or fastest psuedorandom number generater?

<256 bits every 10 minutes isn't exactly quick (you can't count the leading 0s since they are predetermined)

every hash is a psuedo-random number regardless if it is used or not. at least in my opinion. People here tend to focus on what we are doing and not what else could be done.
Largest maybe, but certainly not the fastest.


full member
Activity: 147
Merit: 100
August 15, 2013, 06:18:22 PM
...

Largest maybe, but certainly not the fastest.

<256 bits every 10 minutes isn't exactly quick (you can't count the leading 0s since they are predetermined)

that's now interesting...
can you elaborate it? Smiley

<256 bits every 10 minutes isn't exactly quick (you can't count the leading 0s since they are predetermined)

The block hash is what is used as a pseudorandom source for some applications.

i see...
and fifty millions as a difficulty factor (today) tell us something?
so it's not just "<256 bits", right? Wink
legendary
Activity: 1904
Merit: 1002
August 15, 2013, 06:05:42 PM
...

Largest maybe, but certainly not the fastest.

<256 bits every 10 minutes isn't exactly quick (you can't count the leading 0s since they are predetermined)

that's now interesting...
can you elaborate it? Smiley

<256 bits every 10 minutes isn't exactly quick (you can't count the leading 0s since they are predetermined)

The block hash is what is used as a pseudorandom source for some applications.
full member
Activity: 147
Merit: 100
August 15, 2013, 05:40:36 PM
...

Largest maybe, but certainly not the fastest.

<256 bits every 10 minutes isn't exactly quick (you can't count the leading 0s since they are predetermined)

that's now interesting...
can you elaborate it? Smiley
legendary
Activity: 1904
Merit: 1002
August 15, 2013, 05:31:15 PM
Interesting chart.  It appears that the Bitcoin hashing network is the most powerful distributed supercomputer on the planet by far...

yes, absolutely. but very dumb supercomputer indeed.

edit:
well, not dumb. just not a supercomputer but a "dedicated solver" Smiley

we roll dice REALLY well.

world's largest and/or fastest psuedorandom number generater?

Largest maybe, but certainly not the fastest.

<256 bits every 10 minutes isn't exactly quick (you can't count the leading 0s since they are predetermined)
hero member
Activity: 490
Merit: 501
August 15, 2013, 03:44:29 PM
Interesting chart.  It appears that the Bitcoin hashing network is the most powerful distributed supercomputer on the planet by far...

yes, absolutely. but very dumb supercomputer indeed.

edit:
well, not dumb. just not a supercomputer but a "dedicated solver" Smiley

we roll dice REALLY well.

world's largest and/or fastest psuedorandom number generater?
legendary
Activity: 1778
Merit: 1008
August 15, 2013, 01:46:13 PM
Interesting chart.  It appears that the Bitcoin hashing network is the most powerful distributed supercomputer on the planet by far...

yes, absolutely. but very dumb supercomputer indeed.

edit:
well, not dumb. just not a supercomputer but a "dedicated solver" Smiley

we roll dice REALLY well.
full member
Activity: 147
Merit: 100
August 15, 2013, 01:23:47 PM
Interesting chart.  It appears that the Bitcoin hashing network is the most powerful distributed supercomputer on the planet by far...

yes, absolutely. but very dumb supercomputer indeed.

edit:
well, not dumb. just not a supercomputer but a "dedicated solver" Smiley
hero member
Activity: 574
Merit: 501
August 15, 2013, 08:22:53 AM
Interesting chart.  It appears that the Bitcoin hashing network is the most powerful distributed supercomputer on the planet by far...
sr. member
Activity: 406
Merit: 250
August 15, 2013, 07:54:15 AM

not true. hardware investment will break even in 112. do the counting: http://www.bitcoinx.com/profit/

This is exactly why I want to be an ASIC reseller.

Some people just don't understand... lol
newbie
Activity: 45
Merit: 0
August 15, 2013, 06:57:00 AM
with your tool i come on about 130 days. but i do undrestand the fact that difficulty level is increasing. due the fact that all the asic chips are getting online in the coming months as Mechs says. not to forget that the producers hash before delivering most of the times.
im 100% sure the producers mined when the price got on like 130$ marcha/april. sure it was cause by political changes in cyprus. people cashing in their saving money and buying all kind of values like gold,zilver, bitcoins.
When a producers sees more profit in using their own products, whey would be stupid not to do so. and ofcourse you had the media chewing in the market after the price rasing sky high. cause more people to join and mine.

hero member
Activity: 518
Merit: 500
BTC < > INR & USD
August 15, 2013, 06:55:31 AM
ASICMINER hardware has from its inception been a hardly break even, or negative expectation as far as ROI.

Why would they sell them for what they could mine with them? They should just mine with them in that case. Instead, they place the price higher than what they think they can mine with them and sell them to as many suckers as possible.

And it worked... it is truly genius!

Indeed!  People look at the current calculator and say "13GH/s will net me 0.17BTC a day!  This thing will pay itself off in less than 2 months!"

And they never think to look at the difficulty increases and how that will effect them.

not true. hardware investment will break even in 112. do the counting: http://www.bitcoinx.com/profit/

Not possible. What is the value you are using for profitability decline per year.?

use mining.thegenesisblock.com to give you a month to month picture.
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