As I posted before, increasing block size sounds to me like the worst idea. As a temporary fix, blocking SD makes more sense since adoption is a priority (allowing free TXs for some more time can be considered a form of adoption subsidy). This is where I agree with Luke.
Instead blaming userland (and start cherry picking), we should accommodate it. We are now peaking at 70K transactions/day, and it is practically nothing, compared where it should scale (1500x) at minimum. http://www.mail-archive.com/cryptography@metzdowd.com/msg09964.html" The bandwidth might not be as prohibitive as you think. A typical transaction would be about 400 bytes (ECC is nicely compact). Each transaction has to be broadcast twice, so lets say 1KB per transaction. Visa processed 37 billion transactions in FY2008, or an average of 100 million transactions per day. That many transactions would take 100GB of bandwidth, or the size of 12 DVD or 2 HD quality movies, or about $18 worth of bandwidth at current prices. Satoshi Nakamoto " |
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I hope friedcat has some serious plans for the summer period.
I'm not sure anybody can compete with 28nm SOI at the moment (as in the first linked thread), but ASICMINER can work together with them!
Agree, in multiple levels (assuming these 28nm guys are legit, and their product is superior): 1) Buying a percentage of their production, would secure our share of the network 2) Making boards our selves would reduce the cost, hedging against those who would buy them assembled (=other miners have to pay profits of the assembly company) 3) Asicminer would be able to sell those assembled boards. Those would secure some of our profit / hashrate out there. 4) Asicminer should sell as much as possible those boards to shareholders, thus generating extra value to them (I'm greedy, I know) 5) Reduced R&D costs |
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I'm sorry to say this, but this debate is moronic. Mining needs to be profitable to groups of people. It is a natural evolution. Everything, and I mean EVERYTHING has gone so, let it be bumping oil, or mining gold. When competition gets hard, it is natural that people group and act together for mutual goal. This means that everyone cuts of fat and aims for the best result available TOGETHER (read: company). Let it be in this case, network speed or processing power, or in gold mining business, the best machinery and the chemicals. The competition it self brings stabilization. And the real value of BTC, is not that some one holds it, It is that it cannot be generated from nothing. One can only spend it once. Centralization of Hashpower is not issue at all, it only drives more competition = security for the network.
If we cannot handle SD, we can't handle shit. 68 trillion is the world GDP, there will be SD^SD of "dust", when BTC makes it. If it cannot handle this, this wasn't suppose to handle anything.
The most efficient wins.
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Could shareholders get a dedicated forum?
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Do I have to use it when it wins? Could it not expire for say, half a year? I might want this service later.
+1 |
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He should already be flagged as a scammer since mid-Jan.. but he has a protective blanket within these forums..
Oh I see. So basically what I have been seeing is that the whole site is corrupt from the top down, Is that accurate? Looks like if your a "buddy" or "donor" you can scam. More like a blind faith / forgiveness to their good-old-buddy-tom, who had a hard time (*snif*, stealing our money is not easy). |
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Has this been added to the pending scammer list? should it be?
yes. |
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It's Friday. Has anyone received any refunds?
Tom is waiting the bitcoins arrives to $35. Apparently waiting for them to hit 1000$ so he can pay back less than 1%. When BTC hits $1000 there are few hundred people with millions who were scammed by him. I'll bet he will regret not paying when BTC was $30. Think about it Tom, really hard. |
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- Is company X or Y using your ASIC?
We have nothing to do with the other recent asic announcements on this forum. We do not know those companies, and they are not using our product. I also couldnt tell if they are real or not.
This surprises the shit out of me. Total Time Spent Online: 59 minutes. Somebody, tell me how an entity can invest so much time and money into developing a product, but doesn't know a damn thing about their direct competition. Seriously, you couldn't (you forgot that accent thingy) tell if Avalon and BFL are real or not? How about spending a little more time researching, read reading this forum. Granted, I applaud your efforts, but something doesn't smelling right here. The other two companies are not using your product because it's still in development, hence you coming to board to see if there's a market for a product you're considering developing. ~Bruno K~ Are you sure that he isn't talking about the recent announcements like PrimeASIC as opposed to the products that were announced and documented a half year ago like Avalon and BFL? And then there is the scale thing. If that company is a large one, they couldn't care less about some BFL let alone Avalon. They could throw a few $100K around just for laughs, and see if their chip actually worked / had some market. |
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Well, the website is updated with a price (€1249) and a phone number. Who fancies making a phone call?
Would you please tell me the site name, I've tried all of them and there were only parked domains, at least yesterday. |
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Well, the website is updated with a price (€1249) and a phone number. Who fancies making a phone call?
Except it is not working until tomorrow... |
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Even though you get less dividends you still have a share of the company so any retained earnings invested in expansion adds value for shareholders.
Dividends arent the main game.
I agree with this. This is the first company in Bitcoin history where it could have never issued dividends, and we'd be buying it based on earnings reports and asset valuations. This is a pretty big deal, imo. Yep, dividends are certainly nice but ASICMINER is a great investment even without it. Kinda like how Apple didn't initially issue dividends? Oh, they sure are niiice. Best companies in the world gives heavily under 10% dividend yield / year. Asicminer just made 25% in a week, in BTC. I know this wont last forever, but prospects are quite awesome. If BTC price keeps climbing, the expenses / dev costs drop dramatically. Then to the shovel selling business. If all this translates into a well established company, that dividend yield difference will translate to a higher stock price by the markets, then... wowza. |
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Kinda ironic that you actually give your opinion about a conversation after bashing on opinion based discussions.
C'mon, you can't actually tell the difference? Talk all you want whether own trading platform is needed or should service be used. But comparing pros and cons of different service vs another is not productive, as the real discussion should be about whether to do it in a first place or not. You are picking a color for a car you want to get bought, while your dad have already decided to build it him self. This discussion has ended. |
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OK then how about buying (I am buying) 32 shares for 14BTC. So share @ 0.4375BTC. Any one selling Asicminer shares? Hey guys.... I am really not trying to spam the thread or anything... sorry if it seemed otherwise  FYI. Tomorrow (28th: 00:00:00-23:59:59) is the blackout for transferring shares and if schedule holds up, after that you can then buy shares from Asicminers own trading platform. Maybe this is answered in previous 100 pages of posts... Why can't they use https://btct.co/ ? No one really trusts btct.co. I'd rather see it on BitFunder. Curious why you believe BitFunder is trustworthy and BTCT.CO is not? Security is probably a good reason. Really? BitFunder is like a amateur hour compared to btct.co if you look at functionality, usability etc. I must have missed something. Can you please explain this "good reason" over here: https://bitcointalk.org/index.php?topic=125629.0I guess this voting system for blocking real garbage has caused some bad blood.  yeah you probably missed the part in the post that said "security" (oops that was the whole post?) Please continue this discussion somewhere else. Which is better, is of no concern to this thread. After GLBSE clusterfuck, is quite reasonable to have own trading platform. @Friedcat: A suggestion: could you start an official Asicminer announcement thread, where you have few people giving accurate info... this is getting awfully cluttered. |
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Every week I gather what assets I have obtained and I distribute them to the customers starting with the earliest customers first and than working my way up to the later buyers.
All it takes is a little honest communication. People know their order numbers. If you are distributing refunds based on order numbers, then let everyone what where you are in the refund list. That way peoples expectations can be reasonable. I do hope that this tirade will make these refunds to be made in transparent and orderly fashion. |
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Why would solo mining increase the risk of the ASIC chips going offline?
Because DDOS. |
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