Anyone?
Canth responded to your question. Yes, but give it 3-4 days for the transfer to take place. Friedcat only does transfers 2x a week, so have a bit of patience.
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It scares me just how many altcoins there are here. Why don't we just make a program to create new altcoins. Enter name, block size, number of blocks, algo, amount to premine, press go.
Don't tempt them. Someone could even automate the whole process, choosing a random coin name, making an logo using google image search and a few image filter effects, and posting the announcement here with a bot account. In the future every coin will be world-famous for fifteen minutes. |
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I think it will be solved very soon, for example, offshore miner farm in HK with better internet connection environment may be considered and built.
The sooner the better. With better connectivity we not only get more fees, we should get more blocks for the same hashing power. Right now, if another pool is much better connected to the network, an AM found block could be orphaned even if it found first. |
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+1. Mandatory 30 days is crazy.
Maybe have the time limit be settable by the user (pin/2FA required to change)? So if someone is normally on every day they can set it to say 5 days, but someone who hardly ever uses it could set it to 60 if they like. Then no complaints due to burnside whatever the outcome, because it was the user's decision what the wait should be.
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I'm happy to see the current flat stabilization of the price. It could then get back to the previous patern of "stay flat... stay flat.... increase suddently and never come back... stay flat... stay flat... etc".
I do enjoy the staying flat calmness it brings forth anticipation and excitement when it suddenly goes ^^ Just wait until new blades come to the market, we will see another jump  When will that be? (Well it is the speculation thread!)  |
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Some speculation on reddit right now... well, they have at least another 100 TH/s in production right now, new blades and mini blades about to be for sale. The Chinese are pre-selling hardware, and have already sold enough to increase dividends by about .011 per share in the last 2 days.
the news about 2 weeks ago was that they planned to produce 1,000 TH/s by the end of the year.
the strategy to date has been to let the competition think they might be able to catch up, and then AM drops a major bombshell on everything, and the competition stumbles. I don't know if that is the current/future strategy, but I can't imagine they don't know about what the competition s hoping to do, since it's plastered all around the web.
If you look at what the board members are doing (they have the inside scoop, I assume), they are buying shares on the dips, sometimes cashing in a bit of holdings, but none have given up their board seats.
I think if the last 3 months have taught us anything, it's that it is foolish to underestimate Friedcat & Co. Chances are they have been severely holding back production to pay for production of gen 2 chips to have them in stock for when knc or bitfury manages to clear their backlog of preorders. Friedcat is too smart to play his biggest card with no competition ready to ship. The undercutting isn't going to be pretty for his competitors when he's had nearly a year to refine a product. The competition is mostly making money from pre-orders and when they have delivered everything, if they do, it will be difficult for them to compete. The production and labor costs are so much lower in China that even with inferior chips, i.e. more power hungry, they can sell more cost effective machines. I believe bfl already made the calculations and know they can't compete once everything is shipped and therefore dumped out their chips. http://www.reddit.com/r/BitcoinStocks/comments/1i5vvo/asicminer_midterm_future_outlook/ |
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It's just that no one complains when it's going and up, up, up.
Are you kidding? There's always plenty of noise from investors in AM puts, BFL pre-orders & assorted overpriced mining shares. You bet they'll be out in force the next time we go up Up UP. |
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The key is to mine with all machines, maximizing hash rate between Adj1 and Adj2. Right after Adj2 happens, turn the mining machines away, either mining other coins or turned off completely until Adj3. After Adj3, normal mining can resume.
With the high difficulty and low network hashrate, blocks will not be solved. That means when LTC holders try to transfer LTC to Gox to sell, it will take hours before the confirmations come in. As a result, a large amount of LTC is stuck in limbo, on the way to the Gox wallet but unconfirmed by the lagging blockchain.
That would damage LTC's reputation & possibly get Gox to drop it straight away. So, most LTC miners won't do it. Anyone saying this is retarded. That would mean that someone could get Gox to drop a coin just by saying 'let's pump it!'. Fontas was calling on miners to do things, not just say they were going to. And much worse things than just pumping, in the quote I was responding to. So your first sentence is true, as long as by "this" you meant your second sentence. |
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Wait for someone to nibble it's toes. If it cries like a girl and runs away, it's manipulation.
I don't think it's running away.
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Somebody placed a 250 shares buy order at btct (> 1000 BTC)  I'm curious to see if it is manipulation or not... It was at the top when placed, suggesting it wants to be bought. Maybe a board member with prior knowledge of a coming announcement? [Edit - and it keeps moving up. Is at the top now (4.210010) and battling a bot that keeps bidding 1 tick higher] |
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As part of this launch the other fractional passthrough, named ASICM, will be renamed to AM100, to make the names more informative:
AM1 = Full Shares
AM100 = Fractional Shares
I don't know where this terminology comes from AM1 = 1 share of AM AM100 = a 100th share of AM but it seems to me that "I have 100 AM1's, so that's 1 AM100" is easier to understand. It also feels like AM100's should be better than AM1's. They're higher! With the way AM is going, an AM1000!
That's confusing as hell. Best to keep these 2 PTs named in relation to actual AM shares rather than each-other. |
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I wonder if MtGox will take action against this ?
Something like only allowing verified accounts to deposit Litecoin for the first week of it's trade should do the trick.
...or just giving everyone time to move their LTC to Gox before trading starts. This is something I have thought about. You have to allow people to load up their MtGox LTC wallets before trading happens. I'm interested in the logistics of this. Doesn't need to be complex. Just turn on LTC deposits a while before turning on LTC trading. Anyway, looks like Fontas has cancelled the lets-just-kill-LTC part since my previous objection. |
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I wonder if MtGox will take action against this ?
Something like only allowing verified accounts to deposit Litecoin for the first week of it's trade should do the trick.
...or just giving everyone time to move their LTC to Gox before trading starts. |
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The key is to mine with all machines, maximizing hash rate between Adj1 and Adj2. Right after Adj2 happens, turn the mining machines away, either mining other coins or turned off completely until Adj3. After Adj3, normal mining can resume.
With the high difficulty and low network hashrate, blocks will not be solved. That means when LTC holders try to transfer LTC to Gox to sell, it will take hours before the confirmations come in. As a result, a large amount of LTC is stuck in limbo, on the way to the Gox wallet but unconfirmed by the lagging blockchain.
That would damage LTC's reputation & possibly get Gox to drop it straight away. So, most LTC miners won't do it. |
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Today I've been getting "Error: An invalid or duplicated request has been submitted." about a third of the time trying to make valid buy/sell orders (that have enough shares or BTC to cover them). Often happens if make the buy/sell order after cancelling a previous one.
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5+ price was here too soon.
You might be in for a shock. Last time we went to BTC5, we had to eat through Jutarul's wall of doom. This time we don't. |
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After posting the above I got this PM... good day, the purpose of this discussion is safety. I have faith we can move past this crude style of discussion and carry on with a civilized approach in the future...Ira
the purpose of this discussion is safety.
I've been warned off by the MafiaBot for going to the digitized police. |
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Sorry for the off-topic (anyway, the thread has gone mad lately), I'd like to find those pictures of a BFL minirig full of tape, glue and other crap. I'm pretty sure it was posted on this thread, though I cannot find it. Anoybody would be kind enough to give the link again?
https://bitcointalk.org/index.php?topic=249353.msg2647513#msg2647513 for local copy & discussion, as the direct link doesn't work for some people. |
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-make nonsensical posts using the phrase list
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