Search content
Sort by

Showing 20 of 41 results by Twh
Post
Topic
Board Announcements (Altcoins)
Re: [Ann]Vote New coins on Bter.com - Which new coin should Bter add in next week?
by
Twh
on 13/05/2014, 10:16:12 UTC
Post
Topic
Board Group buys
Re: [Closed]Avalon Chips - 0.081 BTC (Global+Escrow)-BATCH2 SECURED
by
Twh
on 05/09/2013, 13:10:07 UTC
Just ignoring all refund requests are more logical because come one people he stated that in his policy after "26th of august there is "NO REFUND" in question".I wanted a refund too but it is so unlogical cuz he STATED that and we bought by knowing this so we should wait for the chips and steve to get them assembled!
This is a different situation from what that was intended for.
Post
Topic
Board Group buys
Re: [Closed]Avalon Chips - 0.081 BTC (Global+Escrow)-BATCH2 SECURED
by
Twh
on 05/09/2013, 12:36:53 UTC
Ok, you're right. I'm not the one to decide and Avalon doesn't give a shit about my sent e-mail. Poll added.
I don't want to come off as someone who's never pleased and I appreciate that you are willing to make a vote now, but what you're doing now still isn't the best. For one, anyone can vote on this poll regardless of whether or not they have an order. For two, the vote should be focused solely on one thing, does the person want his chips or not, and once you know who wants to keep chips, you can ask them what they want to do with them.
I strongly recommend doing exactly what the other two group buys have been doing: send a PM to everyone involved asking them how many chips they want to keep and where to send the refund if applicable, then count the replies. I know this is more time consuming for you, but it's pretty much the only way of getting accurate results, you'll know exactly how many chips are wanted, as opposed to this poll, where someone with 1000 chips matters as much as someone with 16.
Post
Topic
Board Group buys
Re: [Closed]Avalon Chips - 0.081 BTC (Global+Escrow)-BATCH2 SECURED
by
Twh
on 05/09/2013, 11:15:27 UTC
I know bailing out is easy, making it work is the harder part, but if everyone bailed out at the first difficulty they had, we wouldn't be talking about Bitcoin... And i don't think we fight against "stellar odds". I'm very calculated and if i make a mistake, i'm also prepared to face the consequences. As far as i see now, 2.8 Terra hashes  make their ROI in two months. I don't understand the anger behind the tone you used above. If you would like your chips, that's ok with me. But if you think about it, you could have BTC flowing in faster than you might get your miners and start mining. I gues i understand you too, having the miner in your hand, bragging about it and showing it off to everybody, but the end results are the same: you need the BTC that it produces. And this is what i offer here. I guess i can't make everybody happy, i'll just do my best to satisfy most of them.
PS: What you don't see is my work here. I know it's easy to dismiss it, but just think about the hours invested in this and then all of a sudden, it fades away to 37000 pointless views and 850 pointless posts in a forum, hm? How does that sound?
Oh no, you seemed to misunderstand me. I'll just be blunt, and please don't confuse this with rudeness, that's not my intention:
The most important bit I'm talking about here is the group buy. Not your hosting idea, not your assembly service. The group buy is a bunch of people who trusted you with their money to purchase chips. It's not up to you to decide what to do with that group buy, it's up to the people who took part, your task is carrying out what they want. If, out of the 2 group buys, 50% of the people want their money back instead of waiting for the chips, then you should request a refund from BitSyncom for one of the group buys and divide the money you get back amongst the people who want a refund.
The fact that you only added .003BTC/chip to the price, at points even less than that, is very nice of you, but the risk was yours to take, you expected to get compensated for your efforts from the assembly (for which, mind you, you could still keep some of the money for, others are doing the same as well, and thus getting more compensation for the effort you put in). So all things considered, unless you managed funds really really badly, you are getting compensated for your time, maybe not as well as you'd hoped, but that's still something.
If you have some idealistic reasons for going on and not even asking people what they want, e.g. "We started this so let's finish it" or "We need to help bitcoin grow!", then you have to put those aside real fast, because this is other people's money you're talking about. You can do what you want with your own money, but others should have a right to decide. If you ask everyone and it turns out only some 10% wants a refund, then I'll shut up and go with it, but you're saying you don't have to ask people what they want because you know better. That's a horrible thing to even think, nevermind actually doing it.

Again, the assembly is different thing entirely that you have to handle differently, and it's not what I'm talking about here.

The hosting option, considering the circumstances, is a good idea, but I'd much rather have my money back than to wait for BitSyncom to ship. You don't have any idea when the chips are going to arrive. Neither does any of us, and neither does BitSyncom by the looks of it. But at this point, when we can be sure that they missed their planned time of delivery by almost 100%, the odds of this not being profitable are high enough to make me want to get a refund over investing more into it just to possibly reach ROI and some minor profit beyond that, if I get lucky.
Post
Topic
Board Group buys
Re: [Closed]Avalon Chips - 0.081 BTC (Global+Escrow)-BATCH2 SECURED
by
Twh
on 05/09/2013, 08:46:08 UTC
making sure you recover your investment
The miners only reach ROI if you are very optimistic about future events. Price will not go below 100, difficulty increase won't speed up further, and most importantly, the miners will be up and running in a month.

What I don't see is why you dismiss the option of refunding chip costs and the shipping fees. It's not like it costs you anything, you're not refunding the components you bought, you're not refunding any surplus you might've gotten for the chips. If there are people who want their miners despite the not exactly stellar odds, and it seems that there are, you can still do what others did and only ask for refund for one of the two orders, or combine orders with other group buys.
Really, the very least you could do is ask everyone what they want and act accordingly, since you're managing a group buy that's kind of what you should do as well.
Post
Topic
Board Hardware
Re: Off-Topic
by
Twh
on 14/06/2013, 08:22:37 UTC
TH, announce the date and time when you open up orders very clearly and at least a few days ahead. That way most if not all people get the same chance.

On subject of pricing things in BTC, the thing is that you are looking at it backwards. It's not the machine that gets cheaper or more expensive as the price moves around, it's that the worth of your bitcoins purchased at a given point changes. If you want to play around with that, what you do is buy BTC and then later sell it if and when it goes up, and then you'll have more money - doing this will yield the exact same results as them pricing things in BTC. That being said I'm neither for or against the BTC-based pricing, it could easily backfire on the customers but it's impossible to predict anything.
Post
Topic
Board Hardware
Re: Off-Topic
by
Twh
on 07/06/2013, 20:40:36 UTC
Those cases are all nice and shiny, but why would anyone want to spend 12BTC on one? At current prices that's over $1300, you can make a case of your own for about a tenth of that. Surely it looks better than anything you throw together at home, but $1.3k merely for looks? I just don't understand the point of this.
Post
Topic
Board Hardware
Re: Off-Topic
by
Twh
on 06/06/2013, 18:28:39 UTC
I give it 50/50 at this point who delivers first between TH and KNC. I think both are likely legit.
Terrahash isn't developing their own miner though, they're just providing boards and case+PSU combos for Avalon chips. If they deliver later than KnC for any other reason than BitSyncom not delivering the chips on time, that's a huge failure on their part; not that I expect them to be slower, since, again, they're just putting chips on boards.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Twh
on 03/06/2013, 17:41:32 UTC
I had high hopes for this company, so it's really a shame that they're pulling the same stunts as all the other ASIC manufacturers. FPGA miners have been available for months, so it's really not that impressive to demonstrate a working FPGA miner.

Giving a company pre-order money in hopes of getting a working ASIC miner months later reminds me a lot of betting on a horse race. If you bet on the right horse, you can make a lot of money (Avalon or ASICMiner stock). If you bet on the wrong horse (BFL), you could be left with nothing.

I really hope a very large semiconductor company recognizes the potential of bitcoin mining in the near future and enters the market so we can put an end to all these shenanigans once and for all.
The point of the FPGA was to prove that they can develop a product quickly and produce it in large quantities. The first they did actually achieve, the latter they did not; I'm not particularly upset that they aren't going to deliver the FPGA since it really was useless. Whether or not I order is entirely dependent on whether my bank covers the purchase, if they do, there isn't really much to lose, and as such I don't really see what's everyone getting upset about either.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Twh
on 03/06/2013, 15:18:59 UTC
What's going on? The website order # are reset and products are now available and you're able to pay for it now.

Huh?? Paid pre-orders now?
Well that's kind of what they should've planned for since the beginning, that said I really doubt that they will respect these new order IDs over the old ones, they were really set on that idea for whatever reason.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Twh
on 03/06/2013, 13:46:56 UTC
Are they going to ship Saturn units all the same as well? They're essentially the same ASIC but with half the modules and half the size, and half the price.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Twh
on 03/06/2013, 08:27:13 UTC
Yes, it also appears you can no longer pre-order...

The site has 'add to cart', and 'checkout' functions, but adding to cart is not quite functioning yet...
Indeed, it has a few flaws. I suppose they want to open orders sometime around the open days.
Post
Topic
Board Hardware
Re: KnCMiner Openday
by
Twh
on 03/06/2013, 08:24:21 UTC
Oh no, he's in a league of its own. I'm just doing my due diligence. I still need to decrypt the Swedish but it looks like they're expecting a big 2013 year. It's also possible their accountant writes like a woman.

I'm not taking this too seriously either but I don't like shady business practices and I love to debunk the BS that flies around the KNC threads.
Well if you want to see shady business practices there's always plenty around that's much worse than any of this regarding KnCMiner. What we need to do is push them to accept credit card payments, because that's not something they seem to plan to be doing, even though it's the only payment method offering some protection.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Twh
on 03/06/2013, 08:16:08 UTC
Is the Mars unit gone from their pages? It's not showing up on my end.
https://www.kncminer.com/categories/miners
Post
Topic
Board Hardware
Re: KnCMiner Openday
by
Twh
on 03/06/2013, 08:03:14 UTC
What a happy coincidence.
Are you applying for the second Sherlock Holmes position, after Phinnaeus?
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Twh
on 02/06/2013, 22:35:06 UTC
Dude, there's also ASICminer for sure, potentially Bitfury as well.

BTC price I see floating between $100 and €100. Until they break through another psychologically important milestone. Perhaps --> ASICs --> more confidence investing in the currency because of a more secure and efficient network --> more vendors and merchants excepting the money transfer --> consumer confidence/interest --> etc.
I know about those two, but neither of those will have as big of an impact as BFL would if they actually fulfilled a large portion of their orders. Of course saying that that's highly unlikely is an understatement.

I don't really expect ASICs to increase confidence though, if anything, the relative stability of the btc price might do it. Of course, if nothing horrible happens in the coming months to bitcoin, it's definitely not going to drop too much either way.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Twh
on 02/06/2013, 21:17:52 UTC
@10,000 chips per group buy that = a potential 76 group buys!!!

Jspielberg was the forum member that confirmed this...
I'd assume about 200-400k are from group buys and another 150k from companies that plan to sell assembled units with a 200% profit margin.
Isn't it irrelevant though? We know that there are 760k chips being made and added to the network around August, that's all that matters when making projections. What is much more of an issue is whether BFL ships and to what ends; additionally if there are any other manufacturers/groups working in the background that add a lot of units.
I tried calculating ROI with 100 and 200m difficulty, that's where I expect it to be around October; but then it's all worthless anyway, it's pretty much impossible to project ROI since the price is going up and down all the time and the smallest news leave a huge impact. You can make estimates of difficulty but by the time KnCMiner ships the BTC price could be anywhere between $.1 and $600, and this is true all the same after you receive the miner, but it has an even worse effect; if BTC crashes then, you have no possibility of getting your money back.
Post
Topic
Board Hardware
Re: KNCMiner Sell order#
by
Twh
on 01/06/2013, 22:01:23 UTC
Even if you could pay via credit card, I don't think everyone has a 7-9K limit, the payment listed is still Paypal - that's only 45 days protection.

You could do a wire transfer (one way payment, no reversal, no protection) or Bitpay (also one way, no protection and even more expensive unless KNC swallows the 5% or so conversion fee).
If they don't accept credit cards directly, which as it looks like they don't and won't, I'm not giving them a penny. Or more exactly, I would give them a reasonable amount to reserve my order and pay the rest once they actually show that they are trustworthy and have an ASIC; but they're not doing that either. Paypal is an all around horrible payment method.

They seem like they don't have a single spare moment to plan their next one or two steps, and most decisions are made and implemented in a big hurry, but then they go ahead and say that they actually do have the time to offer extra customer care to those who wish to transfer their pre-order queue positions and manually verify it, even though not only are they not forced to do this, not only do people not expect this from them, many are actually against it. I see their point, but it's not a good one, and they really should be rather dealing with one of the dozens of issues they have on their hands instead of dicking around with this sort of petty shit.
I'm not shouting scam here, to me they just seem.. well, lacking a better word, dense. That, or once again, really bad at PR, saying one thing and doing another, I actually hope this is the case.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Twh
on 01/06/2013, 20:55:47 UTC
when will we have to pay for the pre-orders?
"soon"
Post
Topic
Board Hardware
Re: KNCMiner Sell order#
by
Twh
on 01/06/2013, 19:28:25 UTC
No I meant for resale. Pay by credit card for maximal first-hand buyer protection. Check with your bank w.r.t. what they offer your card purchases.
Oh, yes, but most people don't have the $7k (or $9k with VAT) to actually register the order. Indeed the first units will probably be worth at least twice their price. If they actually manage to ship a large amount though, they will quickly lose value.
Edit, on top of that, the credit card only covers you for 120 days if I interpreted what was posted earlier right. If they start accepting payments this month, that will still barely cover the current estimated shipping date, if you don't have an order in the first 500, then it won't cover it entirely. That's assuming they won't be late, which is just unrealistic, no matter how often they claim they won't be; it's just a matter of "how much".