[Lab] Thoughts on Bitcoins, and the like?

Wed Nov 27 10:15:51 EST 2013

Sorry guys, we're well past the beta testing phase :)

(Not to mention that's an expensive beta test. Our prototypes are
generating half a bitcoin per day, with several limitations on them. The
final mass production units we expect to generate nearly 1BTC per day at
current difficulties. And at a value of $900/BTC or more, even a 1 week
beta test is equal to nearly $7000 in revenue ;)

We're just finalizing one or two minor bugs in the design, and expect to be
in mass production any day now for our first production batch.

- Paul

On Tue, Nov 26, 2013 at 9:58 PM, <bentfork at gmail.com> wrote:

>
> Paul do let us know if you need some beta testers...  Any excuse to get a
> better internet connection at modlab.
>
> Are you on CaVertex?
>
>
>
>
> On 26 November 2013 18:37, Paul & Andrea Mumby <themumbys at gmail.com>wrote:
>
>> If anyone wants to do a bitcoin transaction, I can certainly facilitate.
>> I've got a fully trusted business account on the Canadian exchange. So I
>> can easily move funds into and out of BTC/CAD
>>
>> Also I currently own a business manufacturing custom ASIC based mining
>> equipment (or rather we're close to launching our first product). But
>> you're right. The "individual hobby miner" is becoming a thing of the past.
>> Most of our equipment is targeted to large scale enterprise miners,
>> targeting datacenter deployments.
>>
>> - Paul
>>
>>
>> On Tue, Nov 26, 2013 at 4:57 PM, Jamie <jamie at steppinofftheedge.com>wrote:
>>
>>> It's been a great practical point of discussion with my family about
>>> subjective value, currencies, technology, etc. Got my son all the pieces to
>>> GPU mine as a Grade 8 graduation present. He made 20 coins with it that he
>>> spent for a Jalepeno miner that has since made him 6 or 7 coins. He's ok
>>> with that, I kind of wish I'd just bought him the PC's worth of BTC as the
>>> present which would be worth MUCH more now ;)
>>>
>>> I'm also done recording an interview and other media that should have a
>>> Bitcoin themed podcast out by the end of the weekend (I hope). Check
>>> steppinofftheedge.com for it soon.
>>>
>>> Jamie
>>>
>>>
>>> On Tue, Nov 26, 2013 at 3:33 PM, Henri Kuschkowitz <
>>> henri.kuschkowitz at gmail.com> wrote:
>>>
>>>> Ha,
>>>>
>>>> I second that Dave. It would definitely an interesting discussion if
>>>> everyone could make it out. We did touch on that subject 3 weeks ago (?)
>>>> but only on setting up mining rigs and whether or not it’s still valuable
>>>> at a smaller scale.
>>>>
>>>>
>>>> HK
>>>>
>>>> On Nov 26, 2013, at 3:14 PM, dave at huntgang.com wrote:
>>>>
>>>> I have been following the bit coin news! In fact, I gave a big lecture
>>>> to a bunch of guys at work after the fall of SilkRoad how the US Government
>>>> would be forced to accept BitCoin as a form of value and it's inevitable
>>>> increase in value... Of course, I never did buy any and am kicking myself
>>>> now!
>>>>
>>>> On 2013-11-26 3:05 pm, bentfork at gmail.com wrote:
>>>>
>>>> I thought there would be some here that knew what I was talking about.
>>>> Does anyone have experience with local bitcoin?  I'd rather trade with
>>>> people I kind of know, rather than strangers.  I'd like to try cashing out
>>>> ~ 2 btc, or equivalent litecoin.
>>>>
>>>>
>>>> On 26 November 2013 14:56, Paul & Andrea Mumby <themumbys at gmail.com>wrote:
>>>>
>>>>> Ooh, neat, I'm interested to see what that announcement is :)
>>>>>
>>>>>
>>>>> On Tue, Nov 26, 2013 at 2:52 PM, Tom Burns <tom.i.burns at gmail.com>wrote:
>>>>>
>>>>>> I work for Shopify.  We are about to announce something :)
>>>>>>
>>>>>>
>>>>>>
>>>>>> On Tue, Nov 26, 2013 at 2:38 PM, Paul & Andrea Mumby <
>>>>>> themumbys at gmail.com> wrote:
>>>>>>
>>>>>>> Just FYI I'm fairly heavily involved/invested in Bitcoin. I own a
>>>>>>> fairly large business focusing around them, And I'm a fairly fervent
>>>>>>> supporter.
>>>>>>>
>>>>>>> We're working from several angles right now on trying to build up
>>>>>>> adoption in the area.
>>>>>>>
>>>>>>> If I weren't so damned busy lately trying to hold up a day job, run
>>>>>>> a business, and juggle half a dozen projects at once, I'd drag myself down
>>>>>>> to Modlab to catch up :) (in which case I'd be happy to get into a
>>>>>>> discussion with anyone who's interested)
>>>>>>>
>>>>>>> - Paul
>>>>>>>
>>>>>>>
>>>>>>>  On Tue, Nov 26, 2013 at 2:35 PM, <bentfork at gmail.com> wrote:
>>>>>>>
>>>>>>>>   I'm curious if any other list members have been following the
>>>>>>>> crypto currency news recently.  I've been watching the space of the last
>>>>>>>> year or two on and off.
>>>>>>>>
>>>>>>>> I'm not sure if there are any local vendors that accept bitcoin yet
>>>>>>>> but it is a interesting movement.  It is always interesting to hear of
>>>>>>>> restaurants, bars and online stores that are taking it.
>>>>>>>>
>>>>>>>> Are there any Bitcoin, Lightcoin, etc enthusiasts on the list?
>>>>>>>> Anyone interested in a informal discussion on them some Wednesday during a
>>>>>>>> mod lab?
>>>>>>>>
>>>>>>>>
>>>>>>>> Cheers
>>>>>>>>   _______________________________________________
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>>>>>>>
>>>>>>>
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>>>>>>
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>>>
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