Is this still open?
Just to confirm, if I sent 0.85BTC to 17DCms43Vu2yusDjmpjHJuZihSSWkNzgSH that would be accepted as a bid for 1%? If I wanted to bid on several shares, I would need to submit multiple payments of say 0.85BTC to 17DCms43Vu2yusDjmpjHJuZihSSWkNzgSH ?
One final question, would you accept 1BTC Casascius coins for this auction?
Yes, 0.85 BTC to 17DCms43Vu2yusDjmpjHJuZihSSWkNzgSH would be a bid for 1%. Yes, you need to submit a payment from a different address to make a different bid. If you decide to raise your first bid to 1.00 BTC at a later time, you could submit 0.15 BTC from the same address to 17DCms43Vu2yusDjmpjHJuZihSSWkNzgSH. I don't know enough about the Casascius coin to know. I think the current bidders should have the opportunity to tell me "no" and I would like to read discussion, with selected links, so that I know more. For example, do they have some value beyond their face value for some collector, somewhere, who might contact me soon? Is the value of the coin available digitally without destroying the coin? Would you have to send it to me as a physical object via UPS or FedEx? ------ I hand tallied the shares, and I am ready to return some unsuccessful bids. I am willing to delay the return of anyone's bid if that is what they prefer, just post here or send a PM. |
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I was peaking at this thread for a while trying to figure out if I should participate or not, and the fact the owner of machine is not willing to mine altcoins just shocked me. For over a month now altcoins were returning up to 200% more bitcoins in same amount of time, but it somehow irrelevant here. Investors are expected to spend bitcoins but they will have to wait few weeks or maybe few months longer to return the investment? I was under impression this offer is about getting the investment back as soon as possible, before other miners push the difficulty up multiple times. Guy behind ASICMiner replied to my question about their chips today, maybe you should check it https://bitcointalk.org/index.php?topic=99497.msg1740976#msg1740976 and not only that but it looks like BFL might start shipping at least some of their boxes by the end of April. This offer is not good if ideology or personal preferences will rule over the profit. Sorry! I have another 20% of the output of the machine available for future ventures. If I decide that I can mine altcoins with that 20% and sell shares to you, I believe you would be unhappy if I decide after the fact to mine bitcoin. It works both ways. I have sold shares to mine bitcoin, bought with bitcoin, and to be repaid in bitcoin. To quote Transporter, "The deal's the deal."If I can get sufficient funds to order a new machine, it will not have any legacy promises whatsoever. I need about 90 BTC more to match some resell offers I am reading. |
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I think prioritizing BTC return is more important than hashing on an alt chain
Check the "Ratio vs. BTC" column: http://dustcoin.com/miningRatio will change by the time machine starts hashing, but still it is possible mining altcoins would return BTC faster than mining BTC itself. Time will tell. For me personally it's not about the return I can get right now, but about what I think has the longer-term chance. Bitcoin has the mind share of cryptocurrency and I think it's the one that will go for the long haul and eventually be worth more down the road. That's why my position is to prioritize BTC mining over alt-chains, but if we can do merged mining without sacrificing BTC returns it would provide an additional benefit in the short term. Some questions that come to mind are these: 1. How do I make the payout without controversy. 2. How can 1 ASIC be mining on more than 1 coin? Or, can I really double dip? |
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I think prioritizing BTC return is more important than hashing on an alt chain
Check the "Ratio vs. BTC" column: http://dustcoin.com/miningRatio will change by the time machine starts hashing, but still it is possible mining altcoins would return BTC faster than mining BTC itself. Time will tell. I will mine bitcoin. |
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Im going to start work on a modular design. Thinking of towers of cards with 10 or less chips per card. One is the main controller that interfaces to the PC and power supply. With a maximum of 5 to 8 cards per stack. Cooling is my biggest concern at the moment.  Any suggestions which micro we should use? So we have a common base for these open source projects. A common host interface would save considerable amounts of development time. I'm familiar with AVR, PIC32 and TI's Stellaris . Regarding manufacturing: i can get larger batches made. I have a strong and irrational fondness for the MIPS architecture. This is the PIC32 CPU core, and the core in the TP-Link 703n. |
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Could we have an open debate about the pools machine will be mining at? I think it is important matter, given not all pools are the same. My favourite
combination for pools is the following, sorted by pool overall effectivness:
1. BitParking - 4 coins merge mined, payout addresses bound to account, 2.5% PPS, minimum payout 0.1 for each coin
2. OzCoin - BTC + NMC merge mined, 1% DGM, 2% POT, 3% PPS, minimum payout 0.1 for each coin
3. BTCGuild - BTC + NMC merge mined, payout addresses can be locked, 5% PPS, minimum payout 0.1 for each coin
4. 50BTC - only bitcoins mined, payout address can be locked, 3% PPS, minimum payout 0.01 BTC
IMO machine should be setup for at least 4 pools with solo mining or P2P pool as the last failover option.
Comments welcomed.
I certainly welcome open debate. I will review the debate closely. I will accept the results as a recommendation. |
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Does anybody know if there is a way to see which addresses are bidding which amounts and what the current winning addresses are without writing it down and calculating manually? When the bidding is close to closing it will probably be busy and manually calculating every transaction could take time that will otherwise be spent bidding.
The ideal thing is for me to have software that will harvest the blockchain and make database entries. Hand Constructed, please audit.
I will be on a business trip most of the week of 4/15. Updates will be delayed.
5 18qDhkReMuFfciHshdpQhr3QhXZp82aWon 1.21000000 <-- current winners
1 12peTunkkUp88aRaUgndRBzPNSrEw3PDu7 1.17000000
2 1JzMp55NW22xjEE4QKUhN5iAmKyFnJSUDg 1.16950000
1 1Fu4JaynbQrtkSPN73uoDqEPAxyzVfsqLu 1.16010000
2 1Gor6F9rMXUhbKGT9iYRKpa4U4tW94Ycq8 1.16000000
3 1EkWkthDoxCXTyxRYVjtnmq13e8SbQNbs2 1.15000000
2 1NFtyTwefVtHXbxCPVZBG9H6SrujTxk4G6 1.15000000
5 18jpEzLGFYeT4nACAUs5zrY2cDSwBXWVAt 1.14698120
4 1cCXNG5mNFkErBWtCLaVLA9fZrGAzFCB1 1.10000000
3 1PnAWB2opLVyGFUmaCeyjdFZ3w88PgPbmb 1.10000000
2 1CwLwBgR16urEkcL5Su3LkzA7RYYqyjHy4 1.00000001 <-- These bidders have sent multiple increases.
3 1LktD4cXPmcJ75Sd2WgRs69rBZqNQd5L4P 0.97000000 Keeping their bid a while in case they bid more.
2 13shEJVGamWDu1qkAjbjD8g62hacPFmjQc 0.00000000
2 14pDJaE7qWXgLAS4RbpVyq4ebsUPXEBXNa 0.00000000
2 16NUNbUCieHLZGVoGdCP7Uzp5pxDNp35UT 0.00000000
2 1Aby6bNLfydieYGkLaMVd6BJjHrAaBsLMR 0.00000000
2 1AFA4ppBvYpdiDFidFUGsWo6nn2NTdAvzZ 0.00000000
2 1AFuCJXLNZEF2ktFw1WWgvo7guUghtino8 0.00000000
2 1BnYjPuUek6kSZYprV7KwZCEh5Fdt5EtSX 0.00000000
2 1CpXQhWptbYu4AAsmiEcos9f7rPgDHdALs 0.00000000
2 1F2472ponJGqDyKNLgFKPnFdXfXT46Hx3Y 0.00000000
2 1F79KrkTVrGSoHX8j52axHUZi66utRnmzZ 0.00000000
2 1FrpnnbV98mMVDk7xfvRYNkMdiVkHeo4CL 0.00000000
2 1GZzn1wN2SN1XF6zo6CkLh77tQGqTYJS46 0.00000000
2 1HWdsr5FjadLMFiaZZvS4YqXpR4aQwDTHX 0.00000000
2 1HZrAsW7i1P5TVrVxWmwxZyiKqyMsw1rC5 0.00000000
2 1LaMr73WuPknQqcnYx5B49hUV3njXtGkzv 0.00000000
3 1LsZV1sNMnrvgGqgg1WYeaJ4Bbjm3ZkMoL 0.00000000
2 1MaMD7C4zAYxZybmB87CgJKhojt97G7TAr 0.00000000
2 1nAmPPmyDkvd5FJscJhDZ4te9tFvaD4BS 0.00000000
2 1QKKFsCXYv1Ya2qyCiQGC2MVfioKon9w3L 0.00000000
1 1Q8nr8o5s9ZQfVy94EspjdpjteqqQmD1K -0.01507825
. Bid high, I can get another. |
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Does anybody know if there is a way to see which addresses are bidding which amounts and what the current winning addresses are without writing it down and calculating manually? When the bidding is close to closing it will probably be busy and manually calculating every transaction could take time that will otherwise be spent bidding.
My hope is that some of the low level commands in bitcoind can handle this. I am busy with some pressing RL issues (RL is Second Life slang for Real Life, and by extension my not-bitcoin day activities) If anyone can code this up for the RPC interaction with bitcoind, I will be appreciative. Else, I will do something, but not Thur or Fri. ----- It turns out that some commands submitted to bitcoind can start this process. 1. bitcoind listtransactions "Avalon Auction" > list-of-transactions.txt 2. bitcoind getrawtransaction <transaction from list> 1 > getrawtransaction-1.txt 3. inspect and locate "vin" and txid vout 4. bitcoind getrawtransaction <this new transaction> 1 > getrawtransaction-2.txt Now all the information is plastered all over these files. It has to be parsed and checked for coherency. Then put into a web database. |
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well that's annoying. i've got valuable things to say!
Say them here. |
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So one Avalon at USD 299 is even less than the hardware I declared in EUR.
By the way, if we do large shipments into Russia, we drop ship it first to Finland where a psychopath with a white van drives it over the border. Nada taxes, just some beer money required...
I want to be a White Van psychopath. |
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0.5 BTC placed earlier received. 3x 0.75 BTC placed, this time as requested.
Welcome back. Thank you for your confidence. |
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I have returned his total of 0.4 BTC. I used the address that was one of the inputs, and is also the address that his change went to in all those transactions.
0.1 BTC less than I sent total, since there were 5 transactions. Unless those remaining 0.1 BTC are valid bid, send them back as well, thanks! I decided to do bidding properly over multiple MultiBit wallets. Major pain in the a55, but still better than messing with blockchain.info or Armory. Bids will be placed soon. I have now sent 2 transactions totaling 0.5 BTC. I am referencing these 5 incoming transactions 1df1ccf5d0f1f59d813d4283648a68ae3fb3db7f04697b9b2b0141cc954ab38f d61a16dd4f407c493f70b022aee1d9266c01d617c7884be2312778634300948b efe4576ba042ff44bf486dffd13c841bfc563da95ac88736ee5d066f9dccf732 30047845d2cdb04d3ade84f5a2d004a80aaaff01f9198861285191234237a897 36004fdfa95f8b1b7fb7481014d0c7b489d5f11ab53b7fb2da953b180d1e336e Thank you for attempting to place a bid. I would welcome a bid made from a single address if you choose to make one. |
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Due to the insane costs of BTC @ $138/BTC, a $100 HD 5830 @ 300 MH/s @ 120w @ $0.11USD/kWh has a ROI of 37 days. This of course is dependent upon the BTC price maintaining such a high price and the difficulty not increasing much more. If the price continues to jump at a similar rate to the difficulty then it may be possible to maintain this ROI. If the price crashes to $40 but difficulty doesn't change much(which it won't due to energy efficient ASICs making up a large chunk of the network) then you are looking at a 195 day ROI. It'd be a weird time to fire up a new GPU rig but you might be able to make some money from it.
I have an Avalon on order. The price of BTC is crazy high, there is still snow on the ground so waste heat is not an issue. I just had the crazy thought that a lightning buy and coin-mine might give me a free graphics card or even some profit. I'll eBay & Target on the 5830. Wish I lived close to a Fry's. |
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What are there bids with several 'from' addresses (and how are those even generated)? Aren't bidders supposed to use a single from address?
One person made all those bids. He is using bitcoin-QT, and it is difficult to send payments from only 1 address with that client. I have returned his total of 0.4 BTC. I used the address that was one of the inputs, and is also the address that his change went to in all those transactions. I think the easiest way to make a conforming transaction is to send funds to an address at blockchain.info. That web page lets you pay from a selected address to 1 address. I discovered that when I was trying to keep an audit trail before I sent out 56 BTC for the Avalon purchase. He does not trust blockchain.info, and wants to keep funds in a wallet that he protects. A suggestion was made that he send only enough funds to blockchain.info to pay for the bids that he intends to make, and then his only exposure will be for the few minutes it takes to do the transaction. I had the sense that this arrangement was also unsatisfactory to him. There is also another multi pay bid for a total of about 15 Satoshis. That one is mine, for testing purposes. I should have done the test with throw away addresses, I apologize for the clutter. |
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My bid is withdrawn.
It is not possible to withdraw your bid, but it is also not necessary. 1 BTC per 1% of profit from an ASIC is highly undervalued. This is a batch #3 unit You paid 75 BTC for that machine, thus 0.75 BTC per 1% This is already a serious amount given the difficulty projections, but you dare to state that 1 BTC for 1% is highly undervalued. Trying to scam some newbies? Would you care to throw some math to back your bold statement? People have paid 0.8386 for 1% of my Avalon #2, a 3 unit. That means the market says his 4 unit is worth about 1.157733 BTC There is a lot of discussion about difficulty and payback in my thread. |
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Hello,
with BFL recent news of their product possibly becoming a reality. Would I be advised to sell my Avalon batch #2 and #3. Any feedback would be great!
note: I still do want to mine bitcoins and isn't all about money
[conflict of interest] Shrugs, not sure. PM me. [/conflict of interest] |
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@tbd: really I optimized the existing open source code to be able to squeeze two fully unrolled SHA256d cores in one big FPGA. About the ASIC: the chip is the expensive and the most time consuming part of the project and as I propose that the public fund the project I think is miners what they want and not chips.
@witherworth: there is no company. With me everything must start from zero as that is exactly what I have in terms of money. I know that the community lost money and hopes as many failed to keep their promises but I cannot do anything without your financial support. And also any technical support will be welcomed.
Here is one of the two rigs: under each heatsink there is one Virtex 6. The green PCB next to each heatsink is a power supply with 25A@1V for the FPGA core. One level below the top you can see a Digilent Nexys3 board. That board acts as a remote (over TCP) multiple serial port. Hope you enjoy.
I'm trying to grok this. Are there a total of 36 Virtex 6 devices in your 2 rig farm? Is this 20 GH/s / 36 Virtex 6 = 500 MH/s per Virtex 6 Producing perhaps 1.5 BTC / day |
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If you can I'd recommend connecting your Avalon miner to your home network via an Ethernet cable as it's a far more reliable connection.
I have connected wirelessly maybe this is the reason for the constantly intermittents?  how do I find where the issue is? To be honest, troubleshooting wireless reliability and intermittent connectivity issues is quite a bitch. Usually the first thing you'd want to look at is the quality of your router. Cheap routers usually have weak radios and poor performing antennas. The other culprit is of course physical obstacles. Does your house have plaster walls? If so this will affect the strength of the wireless signal. Where you place your router and also where you locate the wireless clients (wireless devices) also matters. I am in a 100 year old house with plaster walls, and a cistern. Wireless won't propagate through the wall, even if the two antennas are only a foot apart. |
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Type the address in google maps and see what comes up. And maybe use street view when the address is located.
Maybe I could try to send a letter to my own address to find out whether the post office understands that or not. Good luck for anybody else to figure that out. I send an empty envelope to myself every time I move, before I do the change of address process. |
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