Search content
Sort by

Showing 20 of 37 results by xyzpdq
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 17/01/2014, 18:14:51 UTC
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 24/10/2013, 17:22:20 UTC
So what I think I understand after reading this thread is that if you paid with BTC, then there is not much legally that can be done?  Just wait for Amir to give us 50% in 3 months from several weeks back?
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 26/08/2013, 19:14:53 UTC
On another note I had a question about your hosting service.
When it becomes not profitable to mine and the fees are bigger than the value in usd of coins mined, how do we proceed?
Does it automatically stop mining the month when the profit becomes <=0 ?
Any options available on the fate of the hardware?

We will bill you monthly for the hosting charges, regardless of what the value of the coins is, or how many coins its mining. When you decide its not any more profitable, you can request a shipping. We will charge you the shipping cost and ship your unit to you.

If/when we decide to stop hosting with Terrahash, can we arrange to pickup the miner?  Or can we arrange for someone to pick it up on our behalf?
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 23/08/2013, 20:49:29 UTC
...

The above point aside, you guys are clowns if you think these machines still won't make more money than you paid even if you get them 3 weeks from now..... Stop using Calculators they are dead wrong and have been dead wrong since the invention of them. The only thing that is relatively correct on them is how many coins you will get with the CURRENT difficulty (for however long that difficulty is)

Bargraphics, can you share more details on how you are doing the calculations?  I have tinkered with several online ROI calculators and am curious to know how you calculate/speculate.  I could use a positive perspective right now.

http://www.coinish.com/calc/#, seems more pessimistic
http://mining.thegenesisblock.com/ - slightly more optimistic
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 23/08/2013, 13:27:06 UTC
On the topic of overclocking...

Terrahash, for those that will be hosting with you, are you offering the option to overclock the miners?

Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 22/08/2013, 20:57:22 UTC
Update:
Cases are ready and have been delivered at our assembly facility.
PCBs have been ordered and will be here by Monday.
Power supplies have been ordered and will here Monday.

We will be assembling a test K64 next week.

Thank you! Smiley
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 22/08/2013, 20:02:47 UTC
Terrahash has always stated that deliveries would begin two weeks after chips are received.  Anyone bitching about them not delivering might want to remember that - it was one of the conditions of purchase.  You get to start complaining two weeks after they've received chips. 

YiFu is the problem here, not Terrahash.  Are daily updates of "Nope.  No chips yet" really going to be very useful?

Yes, you are correct that they have consistently stated delivery would be 2 weeks after they get the chips.  That is great and I trust they will, but if that is all they can give us, I find it hard to believe that anyone (customers) finds that acceptable.  Do you?  If so, I'm having a hard time swallowing that is all they are going to give us.  I am not trying to be flippant, but could you help me understand why you believe that the frequency and quality of their communications thus far has been acceptable?

I don't think keeping us (customers) informed is asking too much.  TH, let us know what you are working on... if you are not working on anything, let us know... maybe someone here can come up with something for you to work on that will get the situation a small step closer to being beneficial to all.  If nothing else, I think the communication from TH would calm the anxious chatter in the thread and be a welcome distraction from the chip dilemma.

I am not trying to bitch at TH for not getting the chips yet, but I do feel it would be beneficial to all to receive more frequent communication from TH.  I expect it would quiet the noise and let people focus on things besides waiting for the next tidbit of information from TH.  If TH continues with their silence, I expect the thread will continue to speculate, bitch, and work into a full-fledged frenzy.
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 22/08/2013, 20:00:47 UTC
TH should DEMAND double chips from Avalon as compensation, pass them free to us with the additional costs for PCBs etc half the cost (for anyone interested). In case Avalon rejects this I DEMAND as a customer legal action from TH against them.
Shit got serious, I am angry and I expect everyone to start behaving professionally and responsible from now on...

Demanding does not generally get good results.  Negotiating might though...
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 22/08/2013, 18:49:19 UTC
...

Exactly, they should be trying to hold them accountable and work out a compensation agreement. But there is absolutely no word that they are doing anything but sitting around. They are obviously keeping silent because the facts are things people don't want to hear.

I would respect TH more and be more comfortable knowing what is going on, rather than the silence.  If it is bad, let us know... don't keep us hanging.  Yes we know the chips are not there and there is "nothing you (TH) can do about it"... Well, there is, you can take suggestions from the forum, or at least respond to the suggestions with reasons why they won't work so we all understand.  You (TH) can also communicate what you do know... if you only know what you have communicated via this forum, your support site/website, etc., you should be a little embarrassed that you don't have more to share with your customers/supporters, or at least explain what you are doing to get answers.  You should consider being more open to taking help and ideas from the forum to find a solution that is in everyone's best interest.  There are a lot of very motivated smart people here that can help if you let them.

It occurred to me that TH may not be posting much to this thread as it is a bit muddy.  Terrahash, maybe you should do daily/bi-daily updates on your site or this forum or other forum(s) to let us (your customers) know what is going on... albeit not much change.  That way you can control the chatter on each (daily/bi-daily) thread update?  Work with us here, give us something.  Do you like it when you are kept in the dark?  Especially when it involves many thousands of dollars! In the end, most miners are probably in this for themselves, but we have all come together in some fashion to support the work of TH (and many others) in getting miners.  Terrahash, I believe you have an obligation to share as much as possible about what you are doing that is in everyone's best interest.  Please to do the right thing.
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 22/08/2013, 16:32:13 UTC
http://thegenesisblock.com/800000-avalon-asic-bitcoin-mining-chips-expected-over-next-month/ Cry

It gets harder every day to see any positive/optimistic outcome from the chip fiasco.  I have been a little encouraged by the recent increase in BTC price, but unless it keeps climbing...

At this point is there any way for Terrahash to reject or sell the gen 1 chips from Avalon and find a batch of gen 2 chips from any other chip manufacturer?  Rather than get a miner that will barely crank out any BTC in 30+ days from now (best case scenario?), I would be OK waiting a few months to get a significantly faster chip, or even a reduced number of chips, or whatever will out perform what TH is currently expecting from Avalon.  TH needs to hold Avalon accountable and get chips yesterday, or get a refund, or get one of the first orders of a wicked fast gen 2 chip.

Terrahash, can you please communicate more with your customers via the forum or your support site?  Your silence is unnerving, and a bit rude considering all the trust/faith your customers have given Terrahash just on your word.  A lot of people chose to support Terrahash and allowed you (I believe by your own admission) to purchase hardware with the expectation of a mid August delivery.  Yes we knew the risk, but as this is a dynamic environment/situation, and rumors, etc. fly fast, it would be better for everyone (your customers) to know more about what Terrahash is doing, and how it is in our (your customers) best interest.  Silence is not acceptable.  Please engage in dialog with the customers that ask direct questions on the forum so all can be informed, and please answer to the best of your ability ALL the questions, not just the easy/quick one line responses.  Thank you!
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 12/08/2013, 16:49:10 UTC
That means YiFu's story about the chips being stuck in customs is complete BS to start with.

YiFu seems so genuine in his interviews and most of his posts I've read.  Any speculation on what is really going on?  I read the http://www.avalon-asics.com/ post when they came out, but did not know what to make of it.
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 12/08/2013, 16:46:50 UTC
The way I see it, Terrahash customers have a variety of options... (please excuse my awkward presentation, it was the best I could come up with for organizing my thoughts)

1.   Try to get a refund.
   a.   Not clear on if this is possible.  It has been alluded to, but did not see any details.
   b.   CC dispute if paid through PP?  Not sure how willing CC will be after 50+ days after sale.
   c.   PP says no, but I did see another thread that claimed it was possible but took a month.
   d.   BTC/money order refund not likely unless TH voluntarily refunds.  This is unclear to me as they did say they would offer a refund once we get an email with an estimated delivery date.  Did we get that email?  Is the estimate “two weeks after we get the chips”?  So does that mean that they will no longer offer refunds?  Confused.


I can't really help you with your other questions, as you indicated, much of that is personal choice, and depends on your overall goals. Reselling is probably the best option for the biggest ROI.

In terms of refunds though, if you paid via Paypal, you do indeed have one option left to you, assuming your credit card used is like most.. You can file a dispute with your CC for non-delivery (Be aware, you only have 90 days usually, but it could differ). Again, this should stir up the pro-Terrahash folks (I'm not anti-Terrahash, In fact quite the opposite, but I just have an issue with people defending them on this refund issue), but frankly, if you offer refunds, then pull the wording right before the pre-orders, then post that they will be considered, and then finally post that they won't be honored, you don't have any leg to stand on, not even looking at consumer protection laws. Besides, while this is the Crypto world and the game is different, credit card companies don't see this any different.


I don't want to hurt TH, but the switcheroo with the refund policy was lame.  Their original refund policy was one of the reasons I invested.  I understand they had to use the money, but still lame.  I will leave the CC dispute as a last resort if they really don't deliver in 90 days (9/16/2013?)... yikes, that is closer than I thought.  Well, maybe I will not be able to use the CC dispute... is it realistic that they will deliver in 34 days?  Ugh, this get more complex by the day.
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 12/08/2013, 16:40:03 UTC
You can try to get a refund, but again I don't condone hurting a small business because of the risk that the customer took. I consider this fraud and won't be part of it.
(The above can be changed if the company advertised falsehoods such as BFL, but so far Terrahash has done nothing wrong (No matter what the "Kooks" will have you think))

Selling the Hardware once Terrahash ships is probably your best bet. People will pay a fairly good amount for HashPower in Hand.

If you are feeling a little brave and risky, you can mine with your hardware for 2-3 Weeks after receiving it and then Sell it for a decent price. As long as No HUGE players like KnC Ship during this timeframe you might come out ahead of just selling it when receiving.

Either way, there are still plenty of options. Hell if KnC misses their deadline this Unit could pay for itself easily. (I don't think KnC will miss that deadline)

That being said a 75% linear monthly difficulty increase isn't going to stay that way past maybe 3-4 months. Then it will level off unless you see some other big players selling $2/GH units. (Could happen!)

I agree. This is not Terrahash's fault and Kooks has some more nefarious reason to see them fail. It's Bitsyncom/Avalon you need to be chasing, but they won't answer, which is totally irresponsible, they know what people have riding in this. They openly encouraged people to creat businesses around them.

Yeah, I don't blame TH, I really do appreciate what they are doing and all their hard work.  I don't (currently) have the skills to assemble the boards and chips, but want to mine, so their as well as other's work is appreciated.   I realize Bitsyscom is the holdup, or at least I believe they are saying a large order of recently shipped chips are stuck in customs.  I have never debt with customs, does anyone know what type of realistic time frame we might be looking at?

You have the correct documents, you pay import duties, you walk away with goods the same day in person. If with a courier, you pay import duties over the phone, you receive the following day. In China without the correct documents, you pay, items are released. There is zero chance a multi billion dollar company, like TSMC packaged without the correct documents.

I'm not sure I understand.  Does that mean that the chips that are stuck in customs will only be there for a few days?
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 12/08/2013, 16:33:10 UTC
You can try to get a refund, but again I don't condone hurting a small business because of the risk that the customer took. I consider this fraud and won't be part of it.
(The above can be changed if the company advertised falsehoods such as BFL, but so far Terrahash has done nothing wrong (No matter what the "Kooks" will have you think))

Selling the Hardware once Terrahash ships is probably your best bet. People will pay a fairly good amount for HashPower in Hand.

If you are feeling a little brave and risky, you can mine with your hardware for 2-3 Weeks after receiving it and then Sell it for a decent price. As long as No HUGE players like KnC Ship during this timeframe you might come out ahead of just selling it when receiving.

Either way, there are still plenty of options. Hell if KnC misses their deadline this Unit could pay for itself easily. (I don't think KnC will miss that deadline)

That being said a 75% linear monthly difficulty increase isn't going to stay that way past maybe 3-4 months. Then it will level off unless you see some other big players selling $2/GH units. (Could happen!)

Thanks for your feedback Bargraphics.  I'm cautiously leaning towards mining for a few weeks and then selling if anyone will buy the TH hardware at that time.  It feels a little risky, but gets me closer to my original goal of mining BTC.  I don't hope anything bad for KnC, but if they miss their date, I won't be too disappointed.  I wish I had bet on both, but did not see it in KnC until it was too late for me.
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 12/08/2013, 16:27:57 UTC
You can try to get a refund, but again I don't condone hurting a small business because of the risk that the customer took. I consider this fraud and won't be part of it.
(The above can be changed if the company advertised falsehoods such as BFL, but so far Terrahash has done nothing wrong (No matter what the "Kooks" will have you think))

Selling the Hardware once Terrahash ships is probably your best bet. People will pay a fairly good amount for HashPower in Hand.

If you are feeling a little brave and risky, you can mine with your hardware for 2-3 Weeks after receiving it and then Sell it for a decent price. As long as No HUGE players like KnC Ship during this timeframe you might come out ahead of just selling it when receiving.

Either way, there are still plenty of options. Hell if KnC misses their deadline this Unit could pay for itself easily. (I don't think KnC will miss that deadline)

That being said a 75% linear monthly difficulty increase isn't going to stay that way past maybe 3-4 months. Then it will level off unless you see some other big players selling $2/GH units. (Could happen!)

I agree. This is not Terrahash's fault and Kooks has some more nefarious reason to see them fail. It's Bitsyncom/Avalon you need to be chasing, but they won't answer, which is totally irresponsible, they know what people have riding in this. They openly encouraged people to creat businesses around them.

Yeah, I don't blame TH, I really do appreciate what they are doing and all their hard work.  I don't (currently) have the skills to assemble the boards and chips, but want to mine, so their as well as other's work is appreciated.   I realize Bitsyscom is the holdup, or at least I believe they are saying a large order of recently shipped chips are stuck in customs.  I have never debt with customs, does anyone know what type of realistic time frame we might be looking at?
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 12/08/2013, 15:52:21 UTC
I have been trying to keep up with this thread, or at least I think I have, and I am unclear on some of the details of the current Terrahash situation.  I was (un?)fortunate enough to be one of the first orders and was looking forward to mining, but am now reconsidering what my options are.   For those willing to share, I’m curious to know what others think is the best strategy at this point and why.

The way I see it, Terrahash customers have a variety of options... (please excuse my awkward presentation, it was the best I could come up with for organizing my thoughts)

1.   Try to get a refund.
   a.   Not clear on if this is possible.  It has been alluded to, but did not see any details.
   b.   CC dispute if paid through PP?  Not sure how willing CC will be after 50+ days after sale.
   c.   PP says no, but I did see another thread that claimed it was possible but took a month.
   d.   BTC/money order refund not likely unless TH voluntarily refunds.  This is unclear to me as they did say they would offer a refund once we get an email with an estimated delivery date.  Did we get that email?  Is the estimate “two weeks after we get the chips”?  So does that mean that they will no longer offer refunds?  Confused.
2.   Wait for TH to ship then sell the hardware
   a.   Will it be possible to sell the hardware for what it was purchased for?  This option feels like a letdown, but could be a way to back out of the whole thing.
   b.   When to sell?
      i.   ASAP – probably get more $ for hardware.
      ii.   Mine for a while first – I like this option, but probably won’t get much if anything for the hardware.
   c.   How to sell?
      i.   eBay.
         1.   Sounds sketchy with 50% scammers… not sure how to avoid scammers.
         2.   Does a high eBay rating necessarily mean they are not a scammer?
         3.   Is it possible to prevent chargebacks through PP/CC?
      ii.   Bitcointalk - It appears there are many successful auctions/sales on the forum.
         1.   How to handle escrow?
         2.   Best practices for seller and buyer on forums?
      iii.   Bitmit - I am unfamiliar with this site, but similar concerns as eBay.
      iv.   Meet in person… possible, not likely.
      v.   Other?
   d.   What to sell?
      i.   DX with 10 blades - probably harder to find a buyer.
      ii.   Individual DX blades - probably easier to sell, but no not sure what to do with the DX chassis.
3.   Keep equipment, mine with it, and hope for BTC to spike in the coming months.
   a.   Currently it looks like ROI could be possible in 6-12 months if mining starts in 45 days with the following assumptions and calculations:
      i.   Hosting with TH for $50/month – I believe this is equal to $0.0582/KWh based on http://www.electricity-usage.com/Electricity-Usage-Calculator.aspx?Device=DX180GH&Watts=1280&CostPerKWH=0.0582&HoursPerDay=24.
      ii.   http://mining.thegenesisblock.com/
         1.   Hardware: DX large
         2.   Initial Mining Date: October
         3.   Electricity Costs $0.0582/KWh
         4.   ROI: April 2014?

Keeping in mind that part (if not all) of the reason (at least for me) for getting into mining is to make a profit, or at least to not lose money, what do you plan to do base on what you think/speculate/theorize/prophesize will happen in the coming months?

Another thing I have been curious about is what others plan to do with the TH hardware once the difficulty get so high that there is little to no profit.  It sounds like the next gen chips might have different pad layouts?  Will it be possible to solder the next chips on the older boards?

No disclaimers necessary, I am fully aware that much of what is posted here is speculation. This is a summary of what I have absorbed from hours of reading the forums.  Please feel free to correct anything I have stated or assumed that is wrong!

Thanks for taking the time to read and hopefully contribute to my rambling questions.
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 08/08/2013, 22:41:54 UTC
...

Just to put your mind at rest, even if I get this unit in a month. It will still be profitable for me over time since I have near free electricity.

If you don't mind me asking, where or how are you getting 'near free electricity'? 

Thanks!
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 07/08/2013, 19:12:29 UTC
Is anyone planning on using the TH hosting service?  Any thoughts?  It seems like a good deal on the surface, but I am skeptical that I am missing something.  Can anyone give good reasons not to use it?  Thanks!

Not a single response?  Surly someone else is thinking about using the TH hosting?  Anyone?
Post
Topic
Board Hardware
Re: Off-Topic
by
xyzpdq
on 03/08/2013, 00:17:23 UTC
Is anyone planning on using the TH hosting service?  Any thoughts?  It seems like a good deal on the surface, but I am skeptical that I am missing something.  Can anyone give good reasons not to use it?  Thanks!
Post
Topic
Board Altcoin Discussion
Re: [XPM] The Unofficial Primecoin Overview Thread (all information in one place!)
by
xyzpdq
on 30/07/2013, 23:18:20 UTC
...

jhPrimeminer (mumus' high performance version 3.0) <---optimized to auto-adjust to best settings and has GMP libs (I use this version but it an unofficial hack. Beware!)
https://www.dropbox.com/s/tauj21tvm06xk7y/jhPrimeminer-GMP-v3.zip (x64 windows executable)

...

Is there a 32 bit version of jhPrimeminer (mumus' high performance version 3.0)?

Or source code?