Uh...um...what? You're saying that it's good idea to get more bitcoins AND and hold them long term? Until the price rises?


This post is making too much sense...

What makes you think that this procedure returns the current difficulty?  The page says pretty clearly that it returns the average number of hashes required to solve a block.

Or are you just forgetting to divide by 2³² to convert hashes to difficulty?

rpcuser=ltc
rpcpassword=1
rpcallowip=127.0.0.1
rpcport=9332
daemon=1
server=1
gen=0

block_nTime=1317972665
block_nNonce=2084524493

The difficulty of the shares you submit is checked thus you can't submit junk, you need to mine using the pools block otherwise you earn nothing. The pool's block has the generation hardwired to the pool's wallet so there's no way to redirect a winning share to your wallet.

It was a 30GH unit (Little SC),not the 40 or 60GH unit..............................

Not the same bet. betsofbitco.in allowed for +/- 25% on hashrate (which was met), but the competitior's bet only allowed +/- 10% (which was not met).

(Argh! someone beat me to it)

Is nobody even suspicious about the 25MH/s mining number?

THAT'S WHAT A FPGA MINI RIG PRODUCES!

Could the photo be fake, and what's mining for Luke Jr is really a FPGA Mini Ring?  

After following this all closely I now don't see how anyone could consider this bet won at all.  (Earlier I said perhaps).

Two basic things:

1) They did not ship.
Shipping means = stuff was transported in the mail. this did not happen.

2) Luke's unit is a prototype. It is not the final product.
They are '2 weeks' away from a final product  
The bet referred to final products shipping. Not prototype/dev boards shipping.

Ok strike'd out point 2, as I didn't realize the bet just referred to a 'ASIC unit' not the final product.

But you could easily argue Luke could be considered an employee, because he is getting early access to hardware in exchange for assistance.

...just the fact alone that BFL would go to that much trouble to fake fulfilling the bet is also a huge red flag for the company. Would it not be much more lucrative to work on getting the units going? Oh ya. I guess not. Because they already have tons of money.

Really, honestly I feel for all BFL pre-orders makers. They have every right to be totally livid right now.  

So let me try to explain the situation how I best can describe it:

BFL does not have anything resembling an actual product, but instead they have a bunch of bits and pieces laying around on a table and a half-employee-customer that does not have any desire to have that abortion of bits and pieces shipped to him. And the bits and pieces are not even working properly falling short of the 75% criteria of the advertised hashrate and overheating like mad.

Is there anything incorrect in that description of the situation? How would you compare the correctness of that to the other competing opinion that BFL has shipped a product.

Let me then speculate, but for this truly to be Luke-Jr's shipped product, both of the two following speculative assumptions must definitely be false:

1) BFL guys are still continuing to hit those bits and pieces on the table with an oscilloscope, SW debugging tools and various other lab testing equipment and they are not keeping it fully powered on hashing 24/7 in the fear it will overheat and die setting fire to the whole building before they are able to find out everything what is wrong with it.

2) Luke-Jr's unit will be swapped for a working production model that is going to be actually shipped to him as soon as they are finished as this abortion on the table will be thrown into trashcan by BFL employees either at the moment when finished products are available or when this unit dies from overheating whichever happens sooner and Luke-Jr is not going to feel sorry for 'his' unit. Maybe for the lost bitcoins, but not for 'his unit'.

The bet clearly states it is about the three original devices, 4.5GH/s 60GH/s and 1500GH/s as were the offerings from last year, this device is not one of those and therefore BFL haven't delivered.

We have carefully examined both sides of the argument. First of all, on our site title is definitely part of the agreement. We do not count the current status as BFL "shipping" the products, therefore other bets are still open. On the other hand the conditions in the description are met. Unfortunately the statement description, as it is written, can be interpreted as complementary conditions to shipping for more clear evidence or the definition of shipping. As much as we would like to settle the bet on one side (as we would earn a significant commission) we do not think that the situation is unambiguous under these circumstances which would be very hard to foresee at the time of statement initiation. As we have been doing before, we will continue to call a draw if there is a such an ambiguity. All the bets will be refunded without any commission.

Butterfly Labs will not ship ASIC-based Bitforce SC products before April 2013 if units were shipped to regular customers, at least 1 other person should receive their(s) sometime soon.  If not, this is a prototype, in-house model.  

This bet concerns the 3 Butterfly Labs Bitforce SC products announced here:
https://bitcointalk.org/index.php?topic=87934.msg966886#msg966886

For this statement to be false, both of the two following conditions must be met:

-Before April 1st 2013, Eastern time was listed in the conditions below:  The OP was 1:36 AM April First (EST)
-at least one BFL customer Is this what the rest of the customers are getting, a prototype?
-with a bitcointalk.org forum account established prior to the bet's opening date true
-shall post detailed and credible photos of the device on the forum, Credible?? What is the device in the picture? I see two heatsinks. I know for a fact that natural convection heat transfer will not dissipate ~176W throughout either 1 or both those without incurring >100*C operating temps
-including photos of it operating, Whatever I am looking at, something is operating
-and report its hashrate. Is this the hash rate the other customers are going to get?
-This customer cannot be a BFL employee. regular customers do not program or affiliate with BFL past purchasing

• The device must achieve at least 75% of its advertised hashrate. originally 60Gh/s.  Yahoo article from the bet link mentioned 40 Gh/s ( 25/40 = 62.5% )