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Showing 16 of 16 results by pupsudio
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Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
pupsudio
on 30/08/2013, 14:18:44 UTC
I do agree though that with KNCMiner you *are* locked in.  You can't sell your place in line because a) you don't know it and b) it's not clear that being first in line will result in receiving your order significantly earlier than anyone else.

c) they won't let you
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
pupsudio
on 30/08/2013, 14:02:50 UTC
Certainly the feedback loop has caught up to people? I mean, who is ordering from cointerra? Who thinks there is any chance of a btc profit there? We have the required feedback to know it's a bad idea, yet their hardware will continue to be produced.

What about people paying $7000 for a Jupiter? The feedback is all over the place yet I guess people are still ordering, but at this point, even if people don't order, that hardware will get used.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
pupsudio
on 30/08/2013, 13:49:55 UTC
Too bad for all the suckers who paid in bitcoins though, eh? Especially since you can't get a bitcoin refund.

KNC does bank transfer refunds Wink

At current value. Not your original amount of bitcoins.

They don't hold any bitcoins or at least I don't think so.

All they got are fiat. Bitpay > Fiat > KNC

What the hell is a bank transfer refund? How long do they take? How much do they cost? Then you have to get that money back into an exchange, pay the exchange fee again.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
pupsudio
on 30/08/2013, 13:39:57 UTC
Personally I'd calculate KNC if it's profitable or not by $ not BTC. Since it was purchased by fiat and not bitcoins (paypal/bank transfer etc).

Too bad for all the suckers who paid in bitcoins though, eh? Especially since you can't get a bitcoin refund.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
pupsudio
on 30/08/2013, 13:36:53 UTC
I kind of feel like all this mining hardware is going to pay off, in USD, not so much in btc. Not even close in terms of bitcoins, but it will be huge to the exchange rate.

That makes no sense.  If it doesn't pay off in bitcoins, then you're better off buying bitcoins instead of a miner.

Exactly. I think all the preordered mining equipment is going to be used for mining. nobody will ever make back the same amount of bitcoins as they paid, but people won't sell their bitcoins for less than it cost them to mine them.

Double the price of bitcoins though, and you doubled the profitability of mining. A miner that cost 70btc @ $100/btc will only cost 35btc @ $200/btc, meaning you only have to mine half as much to break even.

I think there are going to be a few doublings over the next few months.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
pupsudio
on 30/08/2013, 13:26:55 UTC
I kind of feel like all this mining hardware is going to pay off, in USD, not so much in btc. Not even close in terms of bitcoins, but it will be huge to the exchange rate.
Post
Topic
Board Auctions
Re: anybody want a jupiter preorder #23xx?
by
pupsudio
on 29/08/2013, 13:12:13 UTC
Well in case anybody was wondering I'm not looking to make a bundle off this.
Willing to take btc at current (non mtgox) price, as a starting price (61 ish). First come, highest bidder, first served.

I certainly have no problem working with a trusted third party.
Post
Topic
Board Auctions
Re: anybody want a jupiter preorder #23xx?
by
pupsudio
on 28/08/2013, 21:10:27 UTC
Which seems like a plausible thing to me.
Duty to Canada $1500, US $50
Post
Topic
Board Auctions
Re: anybody want a jupiter preorder #23xx?
by
pupsudio
on 28/08/2013, 21:08:06 UTC
Canada.

I just don't see how they could keep somebody from changing a shipping address. What if I wanted hosting in a diff country?
Post
Topic
Board Beginners & Help
Re: i want to sell my jupiter preorder
by
pupsudio
on 28/08/2013, 21:04:59 UTC
Not quite that much, I did pay for shipping, and you might be looking at the mtgox price which isn't the bitpay price.

I figure this preorder would get somebody a device 2-3 weeks sooner, which is worth a lot more than that.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
pupsudio
on 28/08/2013, 20:52:45 UTC
Profectus minare utiliter

Anything in Latin is just going to sound better.
Post
Topic
Board Auctions
Re: anybody want a jupiter preorder #23xx?
by
pupsudio
on 28/08/2013, 20:43:40 UTC
FYI: just received a reply about changing shipping address from KNC:

We only allow change of shipping addresses within the same nation but we don't charge extra for it

But what if I decided I wanted it hosted in Japan?

I am in Canada.
Post
Topic
Board Beginners & Help
Re: i want to sell my jupiter preorder
by
pupsudio
on 28/08/2013, 20:38:13 UTC
With escrow why is there any requirement for trust or credibility?

Nope.  Good luck hope you sell it but I hate BFL.  Most people think it is a scam, Is that why you are selling it? Tongue

No, if I thought they were a scam I would ask for a refund. I could just use some extra cash for a piece of land that is for sale I wasn't expecting...

But if nobody offers me the 67 btc I paid for it, then I will just keep it.
Post
Topic
Board Beginners & Help
Re: i want to sell my jupiter preorder
by
pupsudio
on 28/08/2013, 18:07:47 UTC
With escrow why is there any requirement for trust or credibility?
Post
Topic
Board Auctions
Topic OP
anybody want a jupiter preorder #23xx?
by
pupsudio
on 28/08/2013, 16:45:48 UTC
Order was paid June 18. Not in the first 2 shipping days, but a lot earlier than if you ordered today.

I don't know how it would work, I assume escrow would be involved, then I could just change the shipping addrress. Buyer can even have the paid for email account that account is associated with.
Post
Topic
Board Beginners & Help
Topic OP
i want to sell my jupiter preorder
by
pupsudio
on 28/08/2013, 03:23:38 UTC
I would like to sell my Jupiter preorder.
I assume there must be some trusted third party who would accept the payment in bitcoins and then I would give that person my account info so that he could change it over for the buyer. Is that how these things work?