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Showing 20 of 101 results by Kosmatos
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Friedcat is cool, and if he starts something new someday, I'd consider investing in it, but I think AM's potential for divs at current share prices isn't exactly rosy. I'm a lousy day trader. TTFN
I'm a Canadian and I have used CaVirtex for a while. As far as the Canadian market is concerned, they're a high volume exchange and more or less had a corner on the Canadian market because they got all their ducks in a row (KYC and working w/ major Canadian banks etc.) and they remain reliable (for a while they were the only game in town for Canadians), but Vault of Satoshi could very well unseat them as top dog now that VoS is moving forward in the USA state by state, plus VoS has transparent proof of solvency.
CaVirtex charges such exorbitant fees that I kinda wanted to invest at one point if even to reap back a little of those fees and high prices I've paid into them. They MUST be making money, but Vault of Satoshi could become the real mammoth here.
CaVirtex charges such exorbitant fees that I kinda wanted to invest at one point if even to reap back a little of those fees and high prices I've paid into them. They MUST be making money, but Vault of Satoshi could become the real mammoth here.
Proof of solvency is cute, but VoS is still a centralized exchange, holding all the bitcoins for the trades, and is thus just as vulnerable as Mt.Gox was. If suddenly the proof of solvency shows that VoS is insolvent, what good does it do for all those that are already using it?
The fact that VoS is multinational is not necessarily a good thing either.
As for Cavirtex, you can calculate what the lion's share of the money they make is by simply multiplying their $80 million total transaction amount by the 3% fees they make (1.5% from the seller, 1.5% from the buyer) and see that they have made $2.4 million in total fees in their businesse's lifetime. It's not that much for a business of 20 employees. Shareholders won't get many dividends with that kind of money. Cavirtex need to grow, and it looks like they are trying to do it very carefully.
At his talk at the Bitcoin Expo 2014 in Toronto, Joseph David said that shareholders will be receiving their official shareholder papers by mail sometime in April (IIRC), in batches a week at a time for a few weeks, or something like that.
Basically, they're working on it and should soon send something.
Basically, they're working on it and should soon send something.
I'm amazed that still some people have their head stuck in the sand. Ya, ya, just hold on guys, Jon Montroll is going to just come back one day and give you your stolen money back lol. Keep on waiting !
Exactly what I am going to do. Squirm all you want.
Cryptocyprus has more BTC lost in this debacle than I do, says he'll be the last to get paid back, and he thinks he'll eventually get it back. I'd listen to him more than you.
And what the hell is it with this "trust rating" system on these forums? It must be utterly full of shit because I have a -4 reputation and never did anything other than post stuff here. Is it some kind of "I disagree with this bozo so I down vote his trust rating" thing? Pankkake, how wonderful.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
News from a Chinese miner forum:http://cybtc.com/article-655-1.html
Google Translate brings up information about a 'roast cat'.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
I think if we find 7 blocks in 2 days, we can definitely all but rule out variance.
Standing by for 2 more blocks. Holding breath.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
AM just found their 5th block in 26 hours!
I see no changes to the hashrate could be variance 2% on blocks found in the last 24 hours 1% last 48 hours
https://blockchain.info/pools
Screw that, this isn't variance, this is MOAR POWAH.
(or it is just luck... which is boring!)
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
I've already have an account with Havelock but I also see people selling "direct shares" from the information provided wrt auctions. What's the advantages/disadvantages of either and how are the direct shares held? Are they valued differently? What is preferred to be held?
I know thats a bunch of questions but I'm most interested in AM1. Thanks.
I know thats a bunch of questions but I'm most interested in AM1. Thanks.
PT's > more liquidity, you are able to sell them in a second, if you want/need ... for Direct's you need to prepare auction, or some external deal.
Direct's > more security (you don't need to trust 3rd person, issuer of PTs - it will be HavelockInvestments from March,1st), Friedcat has your address, and he's sending dividends to you. Also you can prove ownership of shares easily.
So if you plan to invest long-term ... buy directs, or buy PT and transfer them to directs asap, but if you want to play day trading and speculate a bit then buy PT ... you can change your mind anytime you want and transfer directs > PT or PT > directs, its up to you. Welcome
Okay, so if you have share(s) on Havelock, what is the procedure to turn them into direct shares?
Is there any hope for us get back the coins from Ukyo?
Yes.
(Does that help?)
he is a criminal, and so far his BFL-type 'wait and promise while taking money' strategy is working really well.
Except, BFL shipped everyone's miner in the end, are still in business, were at BTC Miami showing off the Monarch and the tiny hardware wallet, etc.
Nice, thanks.
You all should listen to Chris Odom's talk at BTCMIAMI on January 25th 2014.
Entities like MPEX that require you to trust them will cease to exist. Do yourself a HUGE favor: http://letstalkbitcoin.com/chris-odom-on-opentransactions/#.Uu-8ufldV1Y
Entities like MPEX that require you to trust them will cease to exist. Do yourself a HUGE favor: http://letstalkbitcoin.com/chris-odom-on-opentransactions/#.Uu-8ufldV1Y
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
AM seems to have used their vast cash reserves to become the first user of this new, highly efficient immersion cooling system. Combined with AM's new Gen3 chips, they'll have an extremely efficient bitcoin mining operation from the chips all the way to large scale cooling.
yes thx i get that, but is THIS immersion cooled data center (which seems to be located in hong kong) actually one of AM with Gen1 chips running in?
IIRC from what I read in this thread, this is for the upcoming chips only. Strange that in the video it looks like there are boards running. I could be wrong.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
i dont get it, is this immersion cooled data center we keep on seeing at every corner one of AM or some of its franchisee?
AM seems to have used their vast cash reserves to become the first user of this new, highly efficient immersion cooling system. Combined with AM's new Gen3 chips, they'll have an extremely efficient bitcoin mining operation from the chips all the way to large scale cooling.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Oh dear. It's there, yet not in the wallet.
My precious unconfirmed dividend
anyone a clue why it takes so long to confirm? has this happened any time before?
Simple. The transaction included 0.0001 in fees but the transaction size is 1481 bytes, which means not enough fees for the transaction size so it is waiting to be confirmed by a miner that accepts less than the normal minimum fees. Check it out on blockchain.info, click the transaction ID and look around, you'll see it is in a queue.
I'm really glad to see that many of you are coming around to see the light, instead of just buying the BS.
What Jon has said just doesn't add up, the most likely scenario is he did something illegal with all the money trusted to him, and I'm glad many of you are finally beginning to realize this instead of being in denial or being placated by the bS " I can't talk about this because of legal stuff" (i.e Ukyo probably did something criminal so doesn't want to tell you) nonsense which is only self-serving.
What Jon has said just doesn't add up, the most likely scenario is he did something illegal with all the money trusted to him, and I'm glad many of you are finally beginning to realize this instead of being in denial or being placated by the bS " I can't talk about this because of legal stuff" (i.e Ukyo probably did something criminal so doesn't want to tell you) nonsense which is only self-serving.
Well, I'm "still in denial" simply because Cryptocyprus got involved and seems to know what's going on, and clearly he feels Ukyo has not scammed anyone.
I trust him, who is setting up Neo & Bee, the business in Cyprus, than you, even if you do have a knack or a lot of experience in spotting scams.
Note, FFS, this is just an opinion. Not a personal attack.
As I have stated many times, I wish to avoid this as well so that things can be corrected.
Any progress at all on the WeExchange "stuck coins" or "coins not available" problem that's preventing everyone from getting their bitcoins back?