Not good enough. Many people (like me) got into bitcoin precisely because they want to eliminate counter party risk. A coin like this is something I might give to my children some day. Assuming TitanBTC will still be around in 25+ years from now would be foolish.


That sounds good. But how do I know a copy of the private key is not stored at TitanBTC where it was created? Or if it was securely generated using a true random number generator?

I'm not sure if this is possible but what I would like to see is some kind of kit. E.g. a coin where I can inject my own private key and seal it with a secure hologram. (Similar to a paper wallet kit). But I guess it wouldn't be a TitanBTC anymore at that point. It would be a coin wallet.

Well spoken Phelix. Looks like this incident has a silver lining and actually made the Namecoin community stronger and more resolved. Onwards and Forwards!

The design is absolutely stunning. Well done!

The premium is pretty steep, making them more like collector items. As such they will probably be stored in a safe long-term. This also means I would not be comfortable being dependent on titanbtc.com/ still being around by the time the coin might be redeemed.

The death of Namecoin is greatly exaggerated.

I don't want to talk about it.

The most recent version of MinePeon also shows CPU use (in advanced view). I think on my rPi it was ~10% for my 30GH/s BFL unit. If you are on a pool I guess it is mainly a question of setting the difficulty for shares at the appropriate level. The rPi will probably do fine driving multiple HF units simultaneously.

My hobby: Observing dinosaurs in their natural habitat.

So far, my experience with HF has been the polar opposite of my experience with BFL. And that is a good thing  

I see clear progress. There is constructive dialogue. And the company makes choices that actually benefit the customer.

Of course, HF can still drop the ball schedule wise. But so far, so good!

Unless the value of BTC rises significantly we will almost certainly overshoot when it comes to hashing power (considering all the pre-orders still tied up in the system). AM will likely be better off selling hardware (while there is still an appetite in the market) than deploying it. Uncertain times ahead.

I think you either need to be the best in $/GHs or in W/GHs - Both are viable strategies for now and different product lines can exist concurrently.

Thanks for the clarification. This is good news. MPP is solid.

My guess is that MPP will come as golden nonce chip modules. Not raw chips.

Nature abhors a vacuum so mining will quickly become a 0-sum or very low margin business. At least when it comes to mining. There appears to be a constant supply of fools to sell hardware to. So I'm not worried about low AM mining hashrates - Selling hardware is the name of the game now.

They are, but hopefully not stone age ASICs

I means the current generation uses what? 7.5W per GH/s? Compare that to the competition rolling out ASICs @ 0.5 W per GH/s

Most miners buying AM hardware are residential miners. They can only pull so much power out of the wall before things break or people (flatmates, landlords, wife, etc) freak out due to heat, space & noise concerns. So if you want to sell hardware, energy consumption per GH/s does matter. A lot.

Immersion cooling for Gen1 hardware is just a band-aid. Moving to 22/28nm is the solution. If the competition can, why can't AM?

We don't need more Gen1 hash power, financials or updates. We need to get out of the ASIC stone age.

That said, I'm sure Friedcat is painfully aware of this fact and the dip in AM valuation is only temporary. I.e. it might be good time to buy some shares @ <1 BTC. The sellers will have paid their reinvestment fees for you and you will be able to reap the rewards in the future. (Assuming Gen2 will be competitive for at least a quarter or 2)

I wonder if Bitcointalk.org downtime has significantly affected hardware sales for this week?

After all, I think most group buys went though this site. Otoh, there are plenty of non-bitcointalk reseller sites now like btcguild, eligius, amazon, etc.

Lot's of 'hope' and 'might' in the update. Not a very positive update unfortunately. I'm still a believer in AM but there is very little to hold on to at this point.

Playing "Wait and see" is a dangerous game if you are a mining hardware manufacturer.

Not really. I'd argue most amateur miners (the ones that typically buy AM) are also residential miners.

If, like me, you can only pull so much energy out of the wall (lets say 1KW/h) it is not attractive to go with 130nm chips because it limits the total hashrate you can get out of that energy budget. The block eruptors use 7.5W/GH for example. Compare that with HashFast or Cointerra at 0.65W/GH.

A budget of 1000W/h buys me:
133GH/s with AM 130nm ASICs
1500GH/s with a 28nm manufacturers ASIC.

133GH/s is going to be a joke by the end of the year. So yes, most people will stop buying AM.
(Perhaps there is miner that moves to Siberia and scoops up all the cheap 130nm AM products if the price is low enough, i.e. no profit margin on hardware)