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5121  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 17, 2013, 02:58:48 PM
ASICMINER: where you make 15k in a day (if cashing out now)
5122  Bitcoin / Group buys / Re: [Group buy] ASICMINER 10GH/s Boards Shipping Now on: April 17, 2013, 02:49:34 PM
Just trying to figure this out but the 1BTC will buy us 1 share which is equal to 1% of the hashing power of 1 blade unit which is 10gh/s (give or take) which then means 100mh/s?
Yes but if we buy the unit for less then you will pay less per share.
I'm interested, thanks for getting this going.

Some questions though:
1. Will there be a public list of shareholders?
2. How will electricity costs be calculated? Are you converting your AUD costs to btc?
3. Do you have any mining experience? How do you plan to mine with the ASICMINER?
4. How often will shareholders get paid their "dividends"?
1. If there is interest for that. I assume you want a public list?
2. Yes, converted to BTC. I can't pay my electricity bill with BTC (yet)
3. Yup. I will be setting up a local stratum proxy. Most likely btcguild as primary pool, but this is open to suggestions
4. They will be paid in a reasonable amount of time. At first twice a week or so, later when mining proceeds reduce once a week or once every two weeks.. Etc.

i thought 5 were Minimum?
Nothing is set in stone.
5123  Bitcoin / Group buys / Re: [Group buy] ASICMINER 10GH/s Boards Shipping Now on: April 17, 2013, 01:25:48 PM
4 BTC received / 4 shares sold.
5124  Economy / Service Announcements / Re: [ANN] Earn interest on your bitcoins! CoinLenders pays out interest on deposits. on: April 17, 2013, 01:24:36 PM
Update:
Server issue fixed. Nothing was compromised (user error on my part, viewing control panel for old server), but it's good to be sure Smiley
5125  Economy / Auctions / Re: ASICMINER Auction: 10 Block Erupter Blades on: April 17, 2013, 01:04:02 PM
There's pretty much no chance that a few dozen bidders won't pay.
5126  Bitcoin / Development & Technical Discussion / Re: An idea on how to reduce the risk of a 51 % attack on: April 17, 2013, 12:48:24 PM
This pretty much just shifts from trusting the network to trusting arbitrary green addresses.

Not a good idea.
5127  Economy / Auctions / Re: ASICMINER Auction: 10 Block Erupter Blades on: April 17, 2013, 12:46:03 PM
Someone who only read the first few posts probably.
5128  Economy / Scam Accusations / Re: [ANN] CoinDrama.com - Bitcoin's Dirty Laundry on: April 17, 2013, 12:44:58 PM
Are you interested in someone writing recaps of past drama?

that would be fantastic!

however, we just don't have the resources for that at this time (but i'll certainly keep you in mind).
atm i'm streatched too thin as it is, but this is something i've wanted to do for months now (been driving me crazy).
would like to start just by keeping things simple and linking to articles, threads, sites, etc.

for now, the current focus will be on defining the structure of the site (content, layouts, features, services, etc).
any and all ideas are very much appreciated (tips WILL be made -- just haven't worked out all the details yet)

Happy to write a good quality recap if I can include a text ad there Smiley
5129  Bitcoin / Development & Technical Discussion / Re: Vulnerability found that affects privacy of OLD miners, including Satoshi on: April 17, 2013, 12:20:43 PM
Nice find Sergio. Quite old vulnerability through
5130  Economy / Gambling / Re: SatoshiDICE.com - The World's Most Popular Bitcoin Game on: April 17, 2013, 11:35:04 AM
You still should get 5000 satoshi back.

Enter it here: http://dooglus.com/sd/

Maybe it's not processed yet.
5131  Economy / Services / Re: Web Design/Web Programmer on: April 17, 2013, 11:20:17 AM
Obviously not 20 BTC per hour.
5132  Economy / Securities / Re: [Group buy] ASICMINER 10GH/s Boards, A better proposal for JoeSixCoiners! on: April 17, 2013, 11:15:36 AM
Good luck! Trust (& more likely to get 100 shares sold) has a value too by the way Smiley

Also would appreciate a quote with link instead of just copying my text.
5133  Bitcoin / Group buys / Re: [Group buy] ASICMINER 10GH/s Boards Shipping Now on: April 17, 2013, 11:14:04 AM
The first 10 ASICMINER units sold has a historical value too - just like how the first raspberry pis fetched a lot on eBay.

If the mining unit is sold, then 95% of the price would be divided among shareholders.
5134  Economy / Gambling / Re: BitMajority.com - Bitcoin majority investing game on: April 17, 2013, 11:10:15 AM
Nice idea!
5135  Other / Meta / Re: Can bitcointalk.org get 2 factor authentication? on: April 17, 2013, 11:07:04 AM
Because I don't want to [buy stuff off / lend coins / etc] to a hacked account, or have people lend to me when my account is hacked?
5136  Bitcoin / Group buys / Re: [Group buy] ASICMINER 10GH/s Boards Shipping Now on: April 17, 2013, 11:04:07 AM
ASICMINER shares will eventually decline in value because of the block reward halving. Eventually there would be no block subsidy and mining will purely earn transaction fees.

What do you think is the timeline for that to happen ?
2017: 12.5 BTC per block
2021: 6.25 BTC per block
2025: 3.125 BTC per block

[By then you should be very happy if ASICMINER is still mining and nothing has gone wrong]
5137  Bitcoin / Group buys / Re: [Group buy] ASICMINER 10GH/s Boards Shipping Now on: April 17, 2013, 10:56:15 AM
ASICMINER shares will eventually decline in value because of the block reward halving. Eventually there would be no block subsidy and mining will purely earn transaction fees.
5138  Bitcoin / Bitcoin Discussion / Double Spending and Confirmations Myths on: April 17, 2013, 10:20:46 AM
The network will become faster when there are more miners or hashpower
Myth.
The network regulates itself with the mining difficulty to try and get 1 block every 10 minutes, on average. An increase in hashpower will result in more blocks being mined until the difficulty retargets higher (every ~2000 blocks)

If I don't see a double spend transaction on the network, it is safe to assume that this transaction won't be doublespent
Myth.
A miner can include any transaction in their block, including something that has being never broadcast to the network. A blockchain fork is required if it conflicts with an existing transaction included in a block.

We would know if someone has more than 50% hashpower
Myth.
An attacker with more than 50% hashpower could be mining his own chain and not announcing it to the network (from the last checkpoint in bitcoind). As his chain will be longer, when he announces it will immediately propagate and override the current chain.
5139  Bitcoin / Bitcoin Discussion / What is the critical mass of bitcoin? on: April 17, 2013, 10:15:23 AM
Critical mass in this sense means what it will take for bitcoin to sustain and grow to become the most used currency.

Is the critical mass 1% of all transactions? 0.1%? 0.01%?
5140  Economy / Auctions / Re: ASICMINER Auction: 10 Block Erupter Blades on: April 17, 2013, 10:11:18 AM
Group buy (if there is enough interest), get a share of the blade for less than 1 BTC: https://bitcointalk.org/index.php?topic=178709.msg1862693
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