Any info/rumors about when batch 3 will be start shipped ?

What is the update?

Just checked my mailbox - nothing... :-(

As far as I understand P2Pool does not allow to miners to choise their own difficulty.
But this is especially very important for ASIC miners.

Probably, I have heard about that and I have heard that P2Pool is quite unstable and as result of that gives to miners even less income than a big stable pool even with pool's fee.
If this feature will be included into the core of the network and provides clear benefits for miners, like avoid pool's fee then the miners will migrate from pools to solo mining.

I am concerning about a threat to the biggest Bitcoin's feature: decentralisation.

Actually it is mining pools.
Look at the Bitcoin's chart: we have just two entities: BTC Guild and 50BTC with in summary give us more that 51% of hashing power.

So, it is very easy to somebody with enough money/power to take control over just these entities and through them to take control over whole network.

I am sure that this problem was discussed here, but did anyone suggest a solution?

I was thinking quite a long about it and I came into conclusion that the solution of this problem exists.

The root of idea is simple: to allow ordinary miner to do solo mining without any pool.
The problem is: how to do that ?
Ok, there is some rough idea about the algorithm:

First of all: we need additional blockchain, let's call it alt-blockchain.
Each block in alt-blockchain will contain only one transaction: put out of thin air some amount to the miner's address.

The algorithm:
1. The miner chooses difficulty which he want.

2. He advertise this difficulty to network together with his bitcoin address. Since this moment the address is linked to this difficulty.

3. The miner mines block in the main blockchain. There is an additional field in the block: a reference to the last block in the alt-blockchain, let's call it ALTBLOCK. This field can be empty. If it is empty then miner does usual old-style solo-mining (like now).

4. If the miner found a hash for main blockchain with difficulty less then current one but more or equal then he advertised, then a new block is added to alt-blockchain. This block contains: hash for main blockchain as proof-of-work and one transaction: put amount of chosen difficulty to the miner's address.

5. If the miner found a block with difficulty more or equal than current one then the block is added to the main blockchain and alt-blockchain. Since this moment all of miners who put blocks to the alt-blockchain have rights to transfer coins to the any of address on the main blockchain. The amount of coins which can be transferred calculated like:

 (25+fees)/AllAccumulatedDifficulty*DifficultyAccumulatedByMiner.

Where AllAccumulatedDifficulty and DifficultyAccumulatedByMiner are the sum of difficulties put in to the alt-blockchain in the period since previous ALTBLOCK till current ALTBLOCK registered in the main blockchain.


So, actually this alt-blockchain looks like one big mining pool is built into the core of the network.
Of course implementation of this algorithm demands hard-fork upgrade.

I think that the current mining pools will be against this implementation because with that they will eventually loose their business.

But we have to do something with that. Because now I would not say that bitcoin is the truly decentralized network.

Thank you very much!
Could you say where is Batch 3 ?

Hi all!

I have just short question:
are all avalon batches: 1, 2 and 3 discussed here, or there are others dedicated threads for the batches 2 and 3 ?

Thank you in advance.

As far as I understand, the withdrawal from bitfunder is completely free:

Withdraw shares:
To withdraw shares of ASICMINER you will need at least 250 shares.
There is no fee for this service.
Shares will be transferable to an account on any officially designated exchange of ASICMINER.

Why would not buy full ASICMiners-PT here ?
https://bitfunder.com/asset/G.ASICMINER-PT
Slightly cheaper now than in btct.co...

Just interesting...

So, ASICMiner is selling ASIC blades 10GHash each.
Are they used blades from the current production farm?

Hi all!

Does sombody know how can I buy USB ASIC miners from ASICMiner ?

Is that for sale somewhere?

Hmm, it is not actual for me, I am not newbie anymore... yahoo!!! :-)
But for others newbies, I think it should be a flag when you are creating an acuction: "allow newbies to participate".

It is not fair...

Is that any way to allow to newbies to post in auction threads?

I am reading bitcointalk more than one year, but I registered here only to participate to this auction and I am failed just because I was a newbie... it is so frustrating... 

Heh, I know! :-)

Of course, it is joke...

Finally I went to stock exchange and bought there, of course more expensive... :-(

Hi there!

Eventually I got it!

Can I bet? 293@2 ?

Hmm, 4 hours and 5 minutes already. 7 posts and still not able to post in big-buys-forums... :-(

Yes, but price is matter... ;-)

As far as I see you are quite experience with that.
Could you explain how direct sale works with ASICMiner?

So, seller receives payment and after that just sends PM to friedcat asking to change bitcoin address for dividents in friedcat's database ?
That it is?

Thank you in advance!

Unfortunatelly the idea only partually works...
Thanks sveetsnelda, he made bid for me, but people become very angry that
he did it on behalf of me, look at that:

https://bitcointalk.org/index.php?topic=209791.msg2207132#msg2207132

Our PM area:
----------------------------------
Overc:
Hello Sveetsnelda!

I would like to make a bet 293@1.91
but I can't post it in a thread because I am a newbie.
I described my situation here:
https://bitcointalk.org/index.php?topic=210662.0

Could you help me to participate in your auction?

Thank you in advance.

With the best regards,
Overc.
-----------------------------------
Sveetsnelda:
Sure thing.  Smiley   Just PM me your bids.  I put one there for you.

Thanks!
-----------------------------------
Overc:
Thank you very much!

Could you explain me how the transaction will happen?

1. Will you provide your bitcoin address for payment?

2. What should I povide to you for transfer shares to me?

3. What time I have after auction finished to pay ?

4. Who will do transfer shares to me and how quck it will be done after my payment?

5. How will I receive dividents?

Thank you in advance.
With the best regards,

Overc.
-----------------------------------

So, I loose this auction just because I did not raise my price seeing how people are angry about that.

I still think that it is discrimination.
I think it should be possibility for newbie to participate in auction as well.

My opinion that Ripple will not live by three reason:

1. No benefits for nodes to support the network. A few people will do it for free.

2. OpenCoin holds almost all of XRP, it is impossible to put it in a circulation in fair way for to satisfy all of participant.

3. Too complicated for understand.

Oh! Thank you very much!
It is a obvious and great idea!
I did that!