Venture-Backed Bitcoin Miner Startup Can't Deliver On Time, Gets Sued

Slashdot - Tue, 24/06/2014 - 4:10pm
mpicpp (3454017) points out this story illustrating the problem of betting on the differential between the price of deliverable bitcoin-mining hardware and the price of bitcoin itself: Yet another Bitcoin miner manufacturer, CoinTerra, now faces legal action for not fulfilling an order when it originally promised to. CoinTerra is the third Bitcoin-related startup to face litigation for breach of contract and/or fraud in recent months. The CoinTerra lawsuit was filed in late April 2014 by an Oakland, California-based man seeking to be the lead plaintiff in a proposed class-action lawsuit. Lautaro Cline, the suit alleges, purchased a TerraMiner IV in October 2013 for delivery by January 2014. The company promised, he claims, that this miner would operate at two terahashes per second and would consume 1,200 watts of power. It did neither. However, Cline's suit also claims that CoinTerra did not deliver the miner until February 2014, and it "operated well below the speed advertised and consumed significantly more power than CoinTerra represented, causing Plaintiff to suffer significant lost profits and opportunities."

Read more of this story at Slashdot.








Categories: Science

Venture-Backed Bitcoin Miner Startup Can't Deliver On Time, Gets Sued

Slashdot - Tue, 24/06/2014 - 4:10pm
mpicpp (3454017) points out this story illustrating the problem of betting on the differential between the price of deliverable bitcoin-mining hardware and the price of bitcoin itself: Yet another Bitcoin miner manufacturer, CoinTerra, now faces legal action for not fulfilling an order when it originally promised to. CoinTerra is the third Bitcoin-related startup to face litigation for breach of contract and/or fraud in recent months. The CoinTerra lawsuit was filed in late April 2014 by an Oakland, California-based man seeking to be the lead plaintiff in a proposed class-action lawsuit. Lautaro Cline, the suit alleges, purchased a TerraMiner IV in October 2013 for delivery by January 2014. The company promised, he claims, that this miner would operate at two terahashes per second and would consume 1,200 watts of power. It did neither. However, Cline's suit also claims that CoinTerra did not deliver the miner until February 2014, and it "operated well below the speed advertised and consumed significantly more power than CoinTerra represented, causing Plaintiff to suffer significant lost profits and opportunities."

Read more of this story at Slashdot.








Categories: Science

Venture-Backed Bitcoin Miner Startup Can't Deliver On Time, Gets Sued

Slashdot - Tue, 24/06/2014 - 4:10pm
mpicpp (3454017) points out this story illustrating the problem of betting on the differential between the price of deliverable bitcoin-mining hardware and the price of bitcoin itself: Yet another Bitcoin miner manufacturer, CoinTerra, now faces legal action for not fulfilling an order when it originally promised to. CoinTerra is the third Bitcoin-related startup to face litigation for breach of contract and/or fraud in recent months. The CoinTerra lawsuit was filed in late April 2014 by an Oakland, California-based man seeking to be the lead plaintiff in a proposed class-action lawsuit. Lautaro Cline, the suit alleges, purchased a TerraMiner IV in October 2013 for delivery by January 2014. The company promised, he claims, that this miner would operate at two terahashes per second and would consume 1,200 watts of power. It did neither. However, Cline's suit also claims that CoinTerra did not deliver the miner until February 2014, and it "operated well below the speed advertised and consumed significantly more power than CoinTerra represented, causing Plaintiff to suffer significant lost profits and opportunities."

Read more of this story at Slashdot.








Categories: Science

Venture-Backed Bitcoin Miner Startup Can't Deliver On Time, Gets Sued

Slashdot - Tue, 24/06/2014 - 4:10pm
mpicpp (3454017) points out this story illustrating the problem of betting on the differential between the price of deliverable bitcoin-mining hardware and the price of bitcoin itself: Yet another Bitcoin miner manufacturer, CoinTerra, now faces legal action for not fulfilling an order when it originally promised to. CoinTerra is the third Bitcoin-related startup to face litigation for breach of contract and/or fraud in recent months. The CoinTerra lawsuit was filed in late April 2014 by an Oakland, California-based man seeking to be the lead plaintiff in a proposed class-action lawsuit. Lautaro Cline, the suit alleges, purchased a TerraMiner IV in October 2013 for delivery by January 2014. The company promised, he claims, that this miner would operate at two terahashes per second and would consume 1,200 watts of power. It did neither. However, Cline's suit also claims that CoinTerra did not deliver the miner until February 2014, and it "operated well below the speed advertised and consumed significantly more power than CoinTerra represented, causing Plaintiff to suffer significant lost profits and opportunities."

Read more of this story at Slashdot.








Categories: Science

Venture-Backed Bitcoin Miner Startup Can't Deliver On Time, Gets Sued

Slashdot - Tue, 24/06/2014 - 4:10pm
mpicpp (3454017) points out this story illustrating the problem of betting on the differential between the price of deliverable bitcoin-mining hardware and the price of bitcoin itself: Yet another Bitcoin miner manufacturer, CoinTerra, now faces legal action for not fulfilling an order when it originally promised to. CoinTerra is the third Bitcoin-related startup to face litigation for breach of contract and/or fraud in recent months. The CoinTerra lawsuit was filed in late April 2014 by an Oakland, California-based man seeking to be the lead plaintiff in a proposed class-action lawsuit. Lautaro Cline, the suit alleges, purchased a TerraMiner IV in October 2013 for delivery by January 2014. The company promised, he claims, that this miner would operate at two terahashes per second and would consume 1,200 watts of power. It did neither. However, Cline's suit also claims that CoinTerra did not deliver the miner until February 2014, and it "operated well below the speed advertised and consumed significantly more power than CoinTerra represented, causing Plaintiff to suffer significant lost profits and opportunities."

Read more of this story at Slashdot.








Categories: Science

“Individual Actions Are Doomed to Failure”: Coalition Asks for Global Action on Antibiotics

Wired News - Tue, 24/06/2014 - 3:53pm
A newly formed international organization -- more than 700 members in 55 countries -- has launched an urgent appeal to governments and healthcare, begging for attention to antibiotic resistance as a grave global threat, and asking that antibiotics be declared a cultural heritage deserving legal protection.






Categories: Science

Does the Introductory Physics Course Cover Too Much?

Wired News - Tue, 24/06/2014 - 3:53pm
The great thing about physics is that we can build many things based on a few fundamental ideas. But are we trying to teach too many in the first physics course?






Categories: Science

World View Launches Test Balloon to Edge of Space, Breaks Record (Photos, Video)

Space.com - Tue, 24/06/2014 - 3:45pm
World View, an Arizona-based private spaceflight company that wants to take adventurers to the stratosphere using high-altitude balloons, announced that it has successfully completed a test of its scaled-down flight system.
Categories: Science

First Phone Out of Microsoft-Nokia -- and It's an Android

Slashdot - Tue, 24/06/2014 - 3:28pm
An anonymous reader writes BBC reports that the first phone resulting from the Microsoft-Nokia merger has been announced: the Nokia X2. And foiling everybody's ability to guess what OS it would run on, the answer is Android. But this being Microsoft, do expect some embrace-and-extend — the user interface is similar to the Windows phone. And it is being offered as a way to hook users into its cloud-based services, several of which come pre-installed as apps. Is this the first Linux product being offered by Microsoft? Can we upgrade Microsoft's social rating from CCC to CCC+?

Read more of this story at Slashdot.








Categories: Science

First Phone Out of Microsoft-Nokia -- and It's an Android

Slashdot - Tue, 24/06/2014 - 3:28pm
An anonymous reader writes BBC reports that the first phone resulting from the Microsoft-Nokia merger has been announced: the Nokia X2. And foiling everybody's ability to guess what OS it would run on, the answer is Android. But this being Microsoft, do expect some embrace-and-extend — the user interface is similar to the Windows phone. And it is being offered as a way to hook users into its cloud-based services, several of which come pre-installed as apps. Is this the first Linux product being offered by Microsoft? Can we upgrade Microsoft's social rating from CCC to CCC+?

Read more of this story at Slashdot.








Categories: Science

First Phone Out of Microsoft-Nokia -- and It's an Android

Slashdot - Tue, 24/06/2014 - 3:28pm
An anonymous reader writes BBC reports that the first phone resulting from the Microsoft-Nokia merger has been announced: the Nokia X2. And foiling everybody's ability to guess what OS it would run on, the answer is Android. But this being Microsoft, do expect some embrace-and-extend — the user interface is similar to the Windows phone. And it is being offered as a way to hook users into its cloud-based services, several of which come pre-installed as apps. Is this the first Linux product being offered by Microsoft? Can we upgrade Microsoft's social rating from CCC to CCC+?

Read more of this story at Slashdot.








Categories: Science

First Phone Out of Microsoft-Nokia -- and It's an Android

Slashdot - Tue, 24/06/2014 - 3:28pm
An anonymous reader writes BBC reports that the first phone resulting from the Microsoft-Nokia merger has been announced: the Nokia X2. And foiling everybody's ability to guess what OS it would run on, the answer is Android. But this being Microsoft, do expect some embrace-and-extend — the user interface is similar to the Windows phone. And it is being offered as a way to hook users into its cloud-based services, several of which come pre-installed as apps. Is this the first Linux product being offered by Microsoft? Can we upgrade Microsoft's social rating from CCC to CCC+?

Read more of this story at Slashdot.








Categories: Science

First Phone Out of Microsoft-Nokia -- and It's an Android

Slashdot - Tue, 24/06/2014 - 3:28pm
An anonymous reader writes BBC reports that the first phone resulting from the Microsoft-Nokia merger has been announced: the Nokia X2. And foiling everybody's ability to guess what OS it would run on, the answer is Android. But this being Microsoft, do expect some embrace-and-extend — the user interface is similar to the Windows phone. And it is being offered as a way to hook users into its cloud-based services, several of which come pre-installed as apps. Is this the first Linux product being offered by Microsoft? Can we upgrade Microsoft's social rating from CCC to CCC+?

Read more of this story at Slashdot.








Categories: Science

First Phone Out of Microsoft-Nokia -- and It's an Android

Slashdot - Tue, 24/06/2014 - 3:28pm
An anonymous reader writes BBC reports that the first phone resulting from the Microsoft-Nokia merger has been announced: the Nokia X2. And foiling everybody's ability to guess what OS it would run on, the answer is Android. But this being Microsoft, do expect some embrace-and-extend — the user interface is similar to the Windows phone. And it is being offered as a way to hook users into its cloud-based services, several of which come pre-installed as apps. Is this the first Linux product being offered by Microsoft? Can we upgrade Microsoft's social rating from CCC to CCC+?

Read more of this story at Slashdot.








Categories: Science

First Phone Out of Microsoft-Nokia -- and It's an Android

Slashdot - Tue, 24/06/2014 - 3:28pm
An anonymous reader writes BBC reports that the first phone resulting from the Microsoft-Nokia merger has been announced: the Nokia X2. And foiling everybody's ability to guess what OS it would run on, the answer is Android. But this being Microsoft, do expect some embrace-and-extend — the user interface is similar to the Windows phone. And it is being offered as a way to hook users into its cloud-based services, several of which come pre-installed as apps. Is this the first Linux product being offered by Microsoft? Can we upgrade Microsoft's social rating from CCC to CCC+?

Read more of this story at Slashdot.








Categories: Science

First Phone Out of Microsoft-Nokia -- and It's an Android

Slashdot - Tue, 24/06/2014 - 3:28pm
An anonymous reader writes BBC reports that the first phone resulting from the Microsoft-Nokia merger has been announced: the Nokia X2. And foiling everybody's ability to guess what OS it would run on, the answer is Android. But this being Microsoft, do expect some embrace-and-extend — the user interface is similar to the Windows phone. And it is being offered as a way to hook users into its cloud-based services, several of which come pre-installed as apps. Is this the first Linux product being offered by Microsoft? Can we upgrade Microsoft's social rating from CCC to CCC+?

Read more of this story at Slashdot.








Categories: Science

First Phone Out of Microsoft-Nokia -- and It's an Android

Slashdot - Tue, 24/06/2014 - 3:28pm
An anonymous reader writes BBC reports that the first phone resulting from the Microsoft-Nokia merger has been announced: the Nokia X2. And foiling everybody's ability to guess what OS it would run on, the answer is Android. But this being Microsoft, do expect some embrace-and-extend — the user interface is similar to the Windows phone. And it is being offered as a way to hook users into its cloud-based services, several of which come pre-installed as apps. Is this the first Linux product being offered by Microsoft? Can we upgrade Microsoft's social rating from CCC to CCC+?

Read more of this story at Slashdot.








Categories: Science

First Phone Out of Microsoft-Nokia -- and It's an Android

Slashdot - Tue, 24/06/2014 - 3:28pm
An anonymous reader writes BBC reports that the first phone resulting from the Microsoft-Nokia merger has been announced: the Nokia X2. And foiling everybody's ability to guess what OS it would run on, the answer is Android. But this being Microsoft, do expect some embrace-and-extend — the user interface is similar to the Windows phone. And it is being offered as a way to hook users into its cloud-based services, several of which come pre-installed as apps. Is this the first Linux product being offered by Microsoft? Can we upgrade Microsoft's social rating from CCC to CCC+?

Read more of this story at Slashdot.








Categories: Science

First Phone Out of Microsoft-Nokia -- and It's an Android

Slashdot - Tue, 24/06/2014 - 3:28pm
An anonymous reader writes BBC reports that the first phone resulting from the Microsoft-Nokia merger has been announced: the Nokia X2. And foiling everybody's ability to guess what OS it would run on, the answer is Android. But this being Microsoft, do expect some embrace-and-extend — the user interface is similar to the Windows phone. And it is being offered as a way to hook users into its cloud-based services, several of which come pre-installed as apps. Is this the first Linux product being offered by Microsoft? Can we upgrade Microsoft's social rating from CCC to CCC+?

Read more of this story at Slashdot.








Categories: Science

Role of cohesin in cancer revised by researcher

Science Daily - Tue, 24/06/2014 - 3:07pm
The role of cohesin, its regulation, as well as its recently identified function as a potential driver or facilitator for tumors has been explained and revised by an international expert in cohesin. The challenge now is to understand the link between cohesin and the development and evolution of cancer, an area where there is currently little data.
Categories: Science