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581  Bitcoin / Hardware / Re: [Guide] Comprehensive ASICMiner Blade Setup on: May 23, 2013, 04:42:26 AM
my block erupter blade increases hash rate as time goes on, why is this?


2 days ago I was getting around 12200 MHS, yesterday 12800 MHS, and today 13000 MHS , no tampering on my part.

I have 4 120mm fans on them, two in front, two in back, and due to weather it is hotter in my apartment, but can someone explain this?

Efficiency slowly increases over time, converges on 13000

and what do you think about running these at 1.24v  , can all of the circuits theoretically take it and how many megahashes would that be?
582  Economy / Securities / Re: [BTC-EQTY] A new Bitcoin Investment Fund on: May 23, 2013, 04:40:37 AM
Though you couldn't possibly know what my experience is, or how qualified I am, you have chosen to put me in the pool of "idiocy" (your words). That's your choice,

It's not me putting you in that pool, it's your own actions putting you in that pool. It is my choice to express this, but it is not however an arbitrary, subjective, personal slant, if that's what you're intimating. The internet doesn't know (and doesn't care) if you're really a dog. As long as you meow you're a cat.

It's your wake-up call, and you're very much welcome to use it that way. Quite frankly I don't care what you assume of me after having a ten ton anvil dropped on your head on your first herpderp post. If you're still here in a year or two, and if you've meanwhile managed to do one or two things that didn't blow up, or at least didn't blow up much more spectacularly than davout's shit, then I'm likely to start listening.

So now. You've got a lot of catching up to do, and hopefully another foot for later.

I did learn a little (that the size of my offering was too large for the current bitcoin economy) but since this is the only place to offer securities, we need to fix the infrastructure first before larger and more diverse offerings can be accepted.

That's pretty ridiculous stuff. The "current Bitcoin economy" is something like one billion dollars. From what I hear it's you that was judged too small for your proposed offering, not the economy.

Specifically what "we" and specifically what "infrastructure" is this about?

yeah but my proposed IPO was larger than anything currently seen in this community. for an initial offering
583  Other / Archival / Re: btt on: May 23, 2013, 04:22:12 AM
hm I had shares in BASIC-MINING, past tense, but I didn't realize all this speculation in ASICMiner blades was going on over here, right next door.



I woke up one morning to find out I won an auction, everyone won. The clock was ticking on paying, I wired money to Mt Gox that day from America, 13 hours later it was in my Mt Gox account. I bought bitcoins and commingled them with some of my other holdings to send to John K's escrow.

Time after winning auction = 24 hours.
Tracking number was received before 36 hour mark.

after that, the blade shipped from Gangzhou region to New York City in 48 hours, I called DHL to let me pick it up that morning, it was going to be out for delivery, but they got it off the truck for me and I had my blade.

Out the box it is 13 GH/s on 1.20v. Friedcat is doing a lot of clever things with the way these blades are advertised and sold.

Literally all estimates I have seen regarding how much these blades will make have neglected the transaction fee earnings.

Yesterday my preferred pool found a block with 59 btc. More than double the block reward in transaction fees alone.
584  Bitcoin / Hardware / Re: [Guide] Comprehensive ASICMiner Blade Setup on: May 23, 2013, 02:25:04 AM
there is someone claiming to run a blade at 1.24v and achieving 16gh/s based on pool's share metrics

but probably closer to 15gh/s in the real console


is this feasible? or is this luck based on board quality variance, how would this affect longevity with proper cooling
585  Bitcoin / Hardware / Re: [Guide] Comprehensive ASICMiner Blade Setup on: May 23, 2013, 02:06:19 AM
my block erupter blade increases hash rate as time goes on, why is this?


2 days ago I was getting around 12200 MHS, yesterday 12800 MHS, and today 13000 MHS , no tampering on my part.

I have 4 120mm fans on them, two in front, two in back, and due to weather it is hotter in my apartment, but can someone explain this?
586  Bitcoin / Pools / Re: [8500 GH/s] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: May 23, 2013, 01:11:50 AM
Chyeah triple doublez like bosses

doesn't this just indicate that difficulty will be going up
587  Bitcoin / Pools / Re: [8500 GH/s] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: May 22, 2013, 01:09:53 PM
Difficulty just means you get bigger chunks to work on, which means you've less network bandwidth in use. 

is there somewhere I can read more about this

588  Economy / Securities / Re: [BTC-EQTY] A new Bitcoin Investment Fund on: May 22, 2013, 12:57:57 PM
With all due respect, this sounds like a rant and is nonsense.

If everyone had the same attitude as this, Bitcoin would never have risen to the place it is now. Simply labeling everything as "won't go anywhere, won't work, waste of time" is a pretty terrible position to have for an innovative, emerging technology.

Bitcoin has risen to where it is now precisely because of me imposing this here correct attitude against the inception to early 2012 prevailing mistaken attitude of noobish idiocy that you seem to favor. BTC wallowed around 10 per as long as the Global Scam Exchange folk were the prevailing crowd. This was not a coincidence.

The mere fact that you have the unmitigated gall to presume you know the history when you don't, and the boneheaded cluelessness to then use completely wrong "arguments" built on this resounding, absolute ignorance when confronted by the very people who wrote that history is one of those "only on the Internet" sorts of things. At the very least don't add hypocrisy to insult by prefacing that nonsense with "due respect". There's no respect there, in spite of plenty of respect being due. Claiming otherwise is not helping you.

Also don't misrepresent what I say. It's not a matter of "everything", it's a matter of noob ventures without a chance in Hell. Those aren't "everything" by any means.


For starters, no, I don't/didn't know who you are. What you said initially sounded aggressive and arrogant, hence my initial response to you. But alas your experience appears to have put you in a position to make such a generalization.

While I am not fond of the elitist attitude expressed in your second post, you clearly have been "around the block" on this subject and are qualified to make such assertions. Though you couldn't possibly know what my experience is, or how qualified I am, you have chosen to put me in the pool of "idiocy" (your words). That's your choice, but don't expect people to not react in the way I did (and worse).

I even went to their irc channel to talk about this, their emphasis on the WoT and forum post count is completely out of touch with reality, leading to even further arbitrary scrutiny to determine legitimacy or the lack thereof. I did learn a little (that the size of my offering was too large for the current bitcoin economy) but since this is the only place to offer securities, we need to fix the infrastructure first before larger and more diverse offerings can be accepted. Which is something I am lukewarm to addressing.
589  Economy / Securities / Re: [BTC-EQTY] A new Bitcoin Investment Fund on: May 22, 2013, 12:51:26 PM
New people have no business starting "funds". Not now, not ever.

This is a high trust, high competence field. Only people who have been involved in Bitcoin for a long time and with credible results may do this. Anyone else trying to do this 1. won't get anywhere; 2. is a scammer anyway. Whether they plan to or not they're a scammer, it makes no difference. They'll just have a more or less planned out scam, but it will be a scam.

And before you start with the "I've been involved since 2005" Tortilla stuff: no, you haven't. You're not involved now. To be involved you have to actually do something. People using the word "Bitcoin" in conversation aren't involved in Bitcoin, they're involved in conversing.

With all due respect, this sounds like a rant and is nonsense.

If everyone had the same attitude as this, Bitcoin would never have risen to the place it is now. Simply labeling everything as "won't go anywhere, won't work, waste of time" is a pretty terrible position to have for an innovative, emerging technology.

they did the same to me with my company's High Frequency Algorithm Fund, just thought I'd give you a heads up. I had to drastically scale back the size of the proposed offering but this greatly shifted the cost benefit analysis to the point where this market is simply not mature enough for it.

I made the same observations as you as there is literally no way to not be defensive when you are trying to actually get something done, but it won't help, thats all I'm trying to say

Let me quote this from you:

Quote
Okay I was able to look those two funds up.

Jokerdragon's seems to have been running for a year, the screenshots on the blog sites are interesting because some people wanted to see something similar from this offering.

Exchange.ESIF's thread pretty much has the exact same scrutiny as mine, except all by you.

The fact that you're not aware of competing offerings until people mentioned it nor how they are all scammy as fuck should tell you why you should not be doing a "High Frequency Trading Algorithm ETF IPO".

obscure thinly traded scams were LITERALLY the last thing on my mind when I decided to offer this diversification to the bitcoin community

I maintain that market research on exchange liquidity and the hedging algorithm is way more important, obviously this is where we disagreed

the only thing worth caring about from other funds would be to provide competitive maintenance fees or dividends, thats how it should be, but thats not how it is here, I hope you can see this is an obvious roadblock to the bitcoin economy and investment community
590  Bitcoin / Pools / Re: [8500 GH/s] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: May 22, 2013, 12:42:53 PM
can someone explain pool difficulty to me?


I have 12963MH/s from my one worker, and I set 9-16gh/s from the pool's dropdown menu and it says difficulty 8

my stratum proxy says also says

"proxy getwork_listener._on_submit # [0ms] Share from 'worker1' accepted, diff 8"



can someone explain what the benefit of this is? vs a difficulty of 1?

how does this effect my payout, how does it help the pool, pros cons etc
591  Economy / Securities / Re: [BTC-EQTY] A new Bitcoin Investment Fund on: May 22, 2013, 12:33:51 PM
New people have no business starting "funds". Not now, not ever.

This is a high trust, high competence field. Only people who have been involved in Bitcoin for a long time and with credible results may do this. Anyone else trying to do this 1. won't get anywhere; 2. is a scammer anyway. Whether they plan to or not they're a scammer, it makes no difference. They'll just have a more or less planned out scam, but it will be a scam.

And before you start with the "I've been involved since 2005" Tortilla stuff: no, you haven't. You're not involved now. To be involved you have to actually do something. People using the word "Bitcoin" in conversation aren't involved in Bitcoin, they're involved in conversing.

With all due respect, this sounds like a rant and is nonsense.

If everyone had the same attitude as this, Bitcoin would never have risen to the place it is now. Simply labeling everything as "won't go anywhere, won't work, waste of time" is a pretty terrible position to have for an innovative, emerging technology.

they did the same to me with my company's High Frequency Algorithm Fund, just thought I'd give you a heads up. I had to drastically scale back the size of the proposed offering but this greatly shifted the cost benefit analysis to the point where this market is simply not mature enough for it.

I made the same observations as you as there is literally no way to not be defensive when you are trying to actually get something done, but it won't help, thats all I'm trying to say
592  Economy / Securities / Re: [BTC-TC] Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc. on: May 22, 2013, 11:53:12 AM
errrrr not sure if I should transfer more to my btct.co wallet with site being wonky
593  Bitcoin / Pools / Re: [8500 GH/s] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: May 22, 2013, 03:42:48 AM
I was lucky with that fat one, managed to squeeze 124 shares in towards the end after noticing my pc was asleep when getting up for work! 0.0028, that's more than I get for normal rounds haha, could of been a few pence more had it been on though Tongue


haha I know I only got partial in that round, but still had more and I was like WHAAAT if that block gets orphaned I am going to be pissed
594  Bitcoin / Pools / Re: [8500 GH/s] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: May 22, 2013, 02:08:51 AM
why is namecoin merged mining turned off?
what makes you say it is turned off

user wtff in the irc chat said it was disabled, and I have been mining for 30 hours on this pool with a namecoin address added yet no results
595  Bitcoin / Mining / solo mining with 12gh + 1gh + .5gh on: May 22, 2013, 02:00:03 AM
Hello,

I have several pieces of hardware. Based on permutations would my luck improve in finding a block of 25 btc using all three of my machines solo mining

estimates say this could take 50 days before I find a block, but this is much more luck based than these estimates let on


thanks for any insight
596  Bitcoin / Pools / Re: [8500 GH/s] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: May 22, 2013, 01:56:27 AM
why is namecoin merged mining turned off?
597  Other / Meta / Re: Ripple trying to take over the Bitcoin Discussion thread on: May 21, 2013, 12:17:47 AM
I like Ripple

although I dont understand how many Ripples I need to make an IOU of any decent amount
598  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 21, 2013, 12:08:47 AM
That is assuming a 20% market share which could very well be their mining market share. But in addition there is hardware sales, which at the current price are probably sold at the "right" price, as in exactly for how many bitcoins they would bring back.
So indirectly AM could own well more than 50% of the share indirectly through their sales, and the sales bring income very fast.
So there are some arguments for AM shares to be priced well more than 2 BTC.

correct and they deliver much faster than all other sha-256 asic companies. (I received mine in New York 48 hours from receipt of payment)

so they could have that market cornered

There could be an opportunity for them to sell more shovels
599  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 20, 2013, 01:19:31 PM
ASICMiner market cap =
BTC 864,000   (@ btc 2.16/share)
$105,408,000   (@ $122 btc/usd)

Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)

and ASICMiner =
33% of total hash rate

yet ASICMiner currently trades at =
12% of of bitcoin market cap

without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap

this puts the share price at =
BTC 5.94

and this represents a =
275% price increase from today's prices

ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)

ASICMiner shares are very cheap.

Disclaimer: stslimited is long ASICMiner.

feel free to repost, and discuss this pricing analysis.


Ok, I will do the heavy math for you Tongue
21.000.000 btc - 11.000.000 btc = 10 more millions to mine. (total coins minus already mined coins).
10.000.000 btc / 400.000 pcs  = 25 BTC per share (if we mine 100% of it).

So, number of coins yet to be mined per share is:
2.5 btc if we maintain 10%
6.25 btc if we maintain 25%
12.50 btc if we hit 50%
25 btc if we somehow hit 100% Smiley

+ profit from hardware and technology
+ transaction fees
+ namecoin sales

I also believe that data center with cheap power will be worth something eventually.

yeah friedcat is never going near 50% though, I think 40-45% will be his cutoff
600  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 20, 2013, 06:43:13 AM
ASICMiner market cap =
BTC 864,000   (@ btc 2.16/share)
$105,408,000   (@ $122 btc/usd)

Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)

and ASICMiner =
33% of total hash rate

yet ASICMiner currently trades at =
12% of of bitcoin market cap

without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap

this puts the share price at =
BTC 5.94

and this represents a =
275% price increase from today's prices

ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)


feel free to repost, and discuss this pricing analysis.

AM's hashrate is 20-25% of network. More than 50% of BTC has been already mined... therefore, 12% valuation seems right to me.

I considered that, doesn't their upcoming hardware additions move them closer to 33%
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