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Showing 20 of 30 results by MadHasher
Re: intersango bitcoin withdraw not possible? (no fiat involved)
"So I answered your 'confusion' but may I know why do you think Patrick's asset is not going to be hurt?"
I am thinking about the bankruptcy route for recovery of assets. On other threads the intention to pursue
all three founders of the company is discussed, and they may be successful. I have not seen any references
to case numbers, and until I see these, it is difficult to find out how far that has progressed.
So, back to the civil action route - IANAL BTW.
If these guys had any business sense, they should have gone public as soon as they knew the company was
insolvent, perhaps in June 2013 when the accounts were due. (I'm giving them the benefit of the doubt here)
At that time they might have avoided bankruptcy by offering the depositors say 40 cents on the dollar. Do not
take that literally! Now there may be nothing for us after due bills are paid, and the lawyers and accountants
get paid. The reason I say this is that they seem to be willing to let Intersango get delisted and have the assets
seized by the crown. The intersango business seems to be hosted in southern England, their bank account is in
Poland, and the people are in Spain, the USA, and Europe. I doubt there is anything worth seizing in the UK.
Intersango is a limited liability company. That means that not only are the personal assets of the directors
protected under law, but that they can use the assets of Intersango to pay for any legal action. Patrick may have
been Chairman, but he seems to have no right in law to direct the actions of the company (as would be the case
for a Director ie Amir).
The company has to file for bankruptcy as far as I can tell, and I have no knowledge of whether the company owes
a bank any money, or has any other financial obligations, so it is difficult to know how this would play out. I'm hoping
that the Intersango three still keeps an eye on these boards, because getting them to respond probably offers the
best hope of any recovery.
I am thinking about the bankruptcy route for recovery of assets. On other threads the intention to pursue
all three founders of the company is discussed, and they may be successful. I have not seen any references
to case numbers, and until I see these, it is difficult to find out how far that has progressed.
So, back to the civil action route - IANAL BTW.
If these guys had any business sense, they should have gone public as soon as they knew the company was
insolvent, perhaps in June 2013 when the accounts were due. (I'm giving them the benefit of the doubt here)
At that time they might have avoided bankruptcy by offering the depositors say 40 cents on the dollar. Do not
take that literally! Now there may be nothing for us after due bills are paid, and the lawyers and accountants
get paid. The reason I say this is that they seem to be willing to let Intersango get delisted and have the assets
seized by the crown. The intersango business seems to be hosted in southern England, their bank account is in
Poland, and the people are in Spain, the USA, and Europe. I doubt there is anything worth seizing in the UK.
Intersango is a limited liability company. That means that not only are the personal assets of the directors
protected under law, but that they can use the assets of Intersango to pay for any legal action. Patrick may have
been Chairman, but he seems to have no right in law to direct the actions of the company (as would be the case
for a Director ie Amir).
The company has to file for bankruptcy as far as I can tell, and I have no knowledge of whether the company owes
a bank any money, or has any other financial obligations, so it is difficult to know how this would play out. I'm hoping
that the Intersango three still keeps an eye on these boards, because getting them to respond probably offers the
best hope of any recovery.
AFAIK, they can claim insolvency but customer funds must be made available. If customer funds aren't made available, they are liable to go to jail for embezzlement. I don't think being an LLC has any matter regarding deposits and whatnot.
Hi,
I've been reading this thread looking for some indication of performance but haven't come across nothing useful. I currently own a few machines and have been testing an AMD Athlon 64 X2 @ 2.6GHz, which gets me 0.012 chains/day.
From what I've read some people seem to be able to get much more than that, though I'm unsure if that number is related or not to the current difficulty.
Am I missing something or is current performance on this order of magnitude? I'm using this miner with default parameters, compiled myself.
Guidance is greatly appreciated. Thanks.
I've been reading this thread looking for some indication of performance but haven't come across nothing useful. I currently own a few machines and have been testing an AMD Athlon 64 X2 @ 2.6GHz, which gets me 0.012 chains/day.
From what I've read some people seem to be able to get much more than that, though I'm unsure if that number is related or not to the current difficulty.
Am I missing something or is current performance on this order of magnitude? I'm using this miner with default parameters, compiled myself.
Guidance is greatly appreciated. Thanks.
Last time I couldn't log in, it took three months to resolve.
Should have had the coins out then, but I'm stupid.
Now, the site recognizes my email and user ID but not the password. All attempts to reset the password via the emailed reset password link fail.
I put in a support ticket, but need the money really fast this time. So I want to just get the coins out of there. A dog with a severe subaortic stenosis needs an operation, an expensive operation. I don't have time to be messing about while things are flagged for admin action etc. for weeks and weeks and weeks.
If Patrick or Amir are around, check your support tickets please. I know that is the way you prefer to be contacted, and for protocol's sake that's what I'm doing first, but I don't have long. I would like to be in my account by noon, UK time tomorrow so I can sell the coins and book the op.
Should have had the coins out then, but I'm stupid.
Now, the site recognizes my email and user ID but not the password. All attempts to reset the password via the emailed reset password link fail.
I put in a support ticket, but need the money really fast this time. So I want to just get the coins out of there. A dog with a severe subaortic stenosis needs an operation, an expensive operation. I don't have time to be messing about while things are flagged for admin action etc. for weeks and weeks and weeks.
If Patrick or Amir are around, check your support tickets please. I know that is the way you prefer to be contacted, and for protocol's sake that's what I'm doing first, but I don't have long. I would like to be in my account by noon, UK time tomorrow so I can sell the coins and book the op.
Hi,
Let me know if you have any success. I'm trying to do the same but haven't had luck getting an answer back from support. Will let you know if I do.
If your "friend" wants to shed some light on a possible hack on MtGox that could have gone unnoticed, EVERYONE would appreciate it. Otherwise, not much else you can do (I guess) since, as pointed out, the only way this seems possible is by MtGox being hacked, which would mean he would be entitled to get his BTC back from them.
... put one of those on them?
Come on people, either these guys have a very bad PR or this is a scam. If you think anyone not IBM, Intel or another big player can deliver one chip that can use up to 300W in power, you're delusional. And even them would never do such thing if not for experimental purposes (if even viable for that).
TDP of a 7970 is 250W+ ... Just sayin'.
http://en.wikipedia.org/wiki/Radeon_HD_7000_Series#Radeon_HD_7900
And that is a lot more than just a chip. The RAM and VRMs on these things take a good amount with it. You also should know there is a huge difference in both yields and cooling something that is <200W and one that pushes through 300W or more. Same reason why you see Intel having high-end chips at 130W+ but not much more than that.
You do know a Bitcoin ASIC (any ASIC) is going to have heat load off the chip too right? No ASIC runs as 12V so you are talking about so pretty "beefy" DC to DC converters. Not sure why people assume xW at the wall would mean xW at the chip.
Yes. Also, a smaller company being able to pull even a 100W chip with decent yields is a long shot.
Come on people, either these guys have a very bad PR or this is a scam. If you think anyone not IBM, Intel or another big player can deliver one chip that can use up to 300W in power, you're delusional. And even them would never do such thing if not for experimental purposes (if even viable for that).
TDP of a 7970 is 250W+ ... Just sayin'.
http://en.wikipedia.org/wiki/Radeon_HD_7000_Series#Radeon_HD_7900
And that is a lot more than just a chip. The RAM and VRMs on these things take a good amount with it. You also should know there is a huge difference in both yields and cooling something that is <200W and one that pushes through 300W or more. Same reason why you see Intel having high-end chips at 130W+ but not much more than that.
Come on people, either these guys have a very bad PR or this is a scam. If you think anyone not IBM, Intel or another big player can deliver one chip that can use up to 300W in power, you're delusional. And even them would never do such thing if not for experimental purposes (if even viable for that).
Give the network time to stabilize? Is everybody insane? Do give ASIC Miner and company time to keep gobbling up hashrate and then panic when a large entity has amassed a big enough of the network's power.
Hi MadHasher, I understand your frustration and worries regarding this. I just think that it would be beneficial to the community if asic dont just keep being pumped out. But gets released steadily , while giving time to adjust. I know this might be a pipedream and we will of course adjust our policies when the time comes and ask the community to give us feedback.
But it is good to "hope" that this will happen, and that everyone will join in the venture isnt it? hehe
Sorry but that is an idiotic notion. ASICs are way too expensive ATM but it's what the market is princing them at, for the most part. Sell what you can build and let the price stabilize, meanwhile you sell more hardware and only the uninformed, who stop by Block Erupter USB sales, will complain when you manage to drop the price from mass production. Bitcoin wins from hardware getting distributed everywhere, as it was in the beginning.
These new "support the network" arguments seem more from lack of production capacity than anything else...
Give the network time to stabilize? Is everybody insane? Do give ASIC Miner and company time to keep gobbling up hashrate and then panic when a large entity has amassed a big enough of the network's power.
For those that do not have time to read the rest of the threads:
If KnCMiner hits their delivery targets, the existing competition will likely out produce and out price them before or soon after their first units are delivered. Multiply whatever hashrate they produce by an appropriate constant when you do your ROI calculations.
They may be a very competent technical team. However, KnCMiner has no power to "protect" your ROI. It doesn't really matter what their intentions are. The only way to protect your ROI would be to guarantee a percentage of the global hash rate for every purchase you make with them.
If KnCMiner hits their delivery targets, the existing competition will likely out produce and out price them before or soon after their first units are delivered. Multiply whatever hashrate they produce by an appropriate constant when you do your ROI calculations.
They may be a very competent technical team. However, KnCMiner has no power to "protect" your ROI. It doesn't really matter what their intentions are. The only way to protect your ROI would be to guarantee a percentage of the global hash rate for every purchase you make with them.
+1
Why do you people support a company that increases their own network many times over with your own money?
Units are in the field. Only buy second-hand if you must. Don't contribute to this madness.
We wouldn't settle for BFL or Avalon mining with their own equipment. Why do these Chinese ventures get a free pass from that scrutiny?
Units are in the field. Only buy second-hand if you must. Don't contribute to this madness.
We wouldn't settle for BFL or Avalon mining with their own equipment. Why do these Chinese ventures get a free pass from that scrutiny?
Greed.
Re: Block Erupter USB Sales [New Sales Policy with New Price]
Basically the rest of us buying at the 1.99 BTC price got royally screwed? What a scam, production price is apparently not NEARLY 2 BTC, probably not even 0.5 lol.
of course
Avalons, which were break even in production costs: ~$1300 @ 60GH/s
Block Erupter USB @ 2BTC: ~$35000 @ 60GH/s
Block Erupter USB @ 0.89BTC: ~$16000 @ 60 GH/s
It was expensive back then, it is expensive now. It is the buyer's fault if you didn't do basic math.
I would be surprised if, excluding R&D, this costs $10 each to build and ship. Even at that price it still has way too much overhead (BOM) per hashing speed, so it is hard to think one can have a good deal anytime if a USB miner isn't at least hashing @ 5-10GH/s.
Re: Project Caterpillar - Open Source 3RU DIY ASIC Miner - Now Klondike16 Based
For those who were wondering, Bitfury did not get hold of his chips in time to win the bet he had, so the need to distribute them for alpha-testing has passed. So we won't be getting any cool bleeding-edge hardware from him this week.
Not to worry, he has commenced testing the chips himself and the early results seem promising, though it is too early to say whether they are ready to go to full production. You can see the latest here:
https://bitcointalk.org/index.php?topic=228677
If his chips test out we will certainly investigate obtaining a supply of them to work with.
Not to worry, he has commenced testing the chips himself and the early results seem promising, though it is too early to say whether they are ready to go to full production. You can see the latest here:
https://bitcointalk.org/index.php?topic=228677
If his chips test out we will certainly investigate obtaining a supply of them to work with.
I have been following that topic closely. Seems promising. Any thoughts on adopting BFL chips? They finally seem to be dropping prices to an acceptable level.
There is an air-gap inside the chip packaging, so heatsinks on top will not provide any benefit, and according to Avalon will actually reduce the cooling performace. There is a thermal pad underneath the chip, which gets soldered to the PCB along with the contacts and then vias conduct the heat through the board to the heatsink on the opposite site. There's quite a reasonable discussion BkkCoin's Klondike thread about this.
We definitely plan on applying thermal paste correctly
We definitely plan on applying thermal paste correctly
Thanks. I read the thread and found what you mentioned. Seems a poor way to cool the chip but maybe they also didn't built the cooling into the PCB thing that well one could say, by looking at the temperatures posted by users.
Here is hoping you can come up with something better
Re: [Announcement] HyperX Technologies presents current chip development
What is your "HyperX Threading Engine"?
What type of memory does your chip use? GDDR5? Clock speed?
How much funding did you need to be able to fabricate at 14nm? Not even Nvidia or AMD are manufacturing at that node, that is an extraordinary achievement. What is the foundry providing the chips?
What type of memory does your chip use? GDDR5? Clock speed?
How much funding did you need to be able to fabricate at 14nm? Not even Nvidia or AMD are manufacturing at that node, that is an extraordinary achievement. What is the foundry providing the chips?