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Push. This needs attention!
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Bitcoin reached it's first soft limit - the block size limit. It's actually 1 mb, but for whatever reason some pools set it to 0.25 mb or 0.5 mb.
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it looks like cubes are sold out everywhere
Where they already available everywhere? |
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55 nm? 45 nm? 7. Research & Development
We had tried several different really intricate and speculative designs for 2014, based on the assumption being competitive in a fully saturated market (average return rate getting close to normal business' single digits per year). but originally with a limited channel/staff, it can be very difficult to fully explore them. So, we conducted interviews, and recently identified several exceptional people.
We will be spreading design risk by working on several designs simultaneously and having all other designs' info/simulation results fed back to the main design process. Our designs changed aggressively and the expected successful rate (on a working mask) drops compared to the standard flow so it has to be fully (wave-level) simulated before fabrication.
8. Financial Report
The next official ASICMINER Financial Report is scheduled to be released on October 20s. We had been in the process of accumulating reserves for a two-year-based small lab (all salaries) and a full mask cost for 40nm for one month. Additional income may be reserved for other chip advancements.
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This weeks dividendWe received a total dividend of 65.35927745 LTC for 5369 shares. This results in 0.54642697 BTC dividend for this pass-through, given an exchange rate of 0.00880038 LTC/BTC and a 3.26796387 LTC fee. Transaction: 78a33753219aa0722379902623ab00d591ed00927b2fe51f92ac839a75de2ac2Posted on the Litecoin forums: Dear All, This week we brought in a total of 29.44 BTC, or €10,034. After costs; power/hosting €423, bond interest €505 and depreciation of €747; that leaves a profit of £8,360. That has bees paid out as 1,339 LTC (€3.12/LTC). €4,926 has been added to the hardware reinvestment fund, which now stands at a grand total of €13,090. GPGPUs are still not looking like they will be ready imminently, and in the mean time BTC's meteoric value increase has made SHA256 mining again look very appealing. I therefore believe we should spend our reinvestment fund on more ASIC mining gear for the time being. HashFast are still my preference, but they are no longer offering their Miner Protection Programme (which, by the way, we stand to profit extremely handsomely from - all 8 x 400 GH/s BabyJets and 4 x 1.2 TH/s Sierras we have on order were bought with MPP) and CoinTerra's pricing is looking much more appealing (and their delivery dates are not much different). I have therefore done some due dilligence on CoinTerra and have satisfied myself that they are a solid bet. They are therefore where we will most likely spend the h/w reinvestment fund. I'm giving HashFast until tomorrow evening to respond to a request for a special deal. Kate. More information about CipherMine's exchange are revealed. I highly suggest to check out the following thread: Request for input on CIPHERTRADE, a new multi-coin securities exchange https://forum.litecoin.net/index.php/topic,7176.0.html
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Dex, could you give us your opinion of where CipherMine will be in 6 months?
On a scale of 1 to 10, where are we right now in terms of our mining capacity vs where we want to be when all of our rigs that have bee pre-ordered are online and hashing away?
Oh, I'm very sorry, I missed that post. But it's a tough question to be honest..  I really can't foresee a timespan of six months and probably not even one month. Bitcoin is on the rise and still very far away from being "mainstream" or "widely used", but things like Bitcoin ATMs for example are huge in my opinion and in 2014 we will probably see more and more of them, which is a good thing for regular users. Mining is still a niche - preorders and shipping delays are very common and there are not many producers. I think the trend of a very rapidly rising difficulty will go on, because where money can be made, people will try to make money. ASRock announced two funny mainboard for GPU mining recently, which might be a precursor for "well known" hardware producers to step in.  CipherMine has more than 10 TH on order and it looks like that HashFast is finally making progress. The list is probably not complete, but to give you an overview: Miners hashing: - 1 x 60 GH/s Batch 1 Avalon miner
- 1 x 60 GH/s Batch 3 Avalon miner
- 100 x Ztex 1.15y clones
- 10 x Quad 1.15y Ztex
- 6 x Cairnsmore CM1s
- 6 x Quintuple Sapphire 7950 Vapor-X GPU rigs
- 2 x Quad Sapphire 7950 Dual-X GPU rigs
- 1 x Quad Gigabye 7970 GPU rigs
- 1 x Quad mix GPU rig
- 9 x 400 GH/s BitFury units
- 2 x 550 GH/s KNC Jupiter units
Those units are on order: - 8 x 400 GH/s HashFast BabyJet with Miner Protection Program
- 8 x 400 GH/s HashFast BabyJet Upgrades
- 4 x 1200 GH/s HashFast Sierra with Miner Protection Program
Hope I'm not mistaken. The list was constructed based on previous posts and docs.ciphermine.com/orders. I'll send the dividend in a few minutes with a summary of the recent events.  |
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Block Erupter CubeSpeed: 30 Gh/s Guaranteed, 38.4 Gh/s theoretical when overclocked Power Consumption: Approx. 200W, approx. 280W when overclocked Compact, self-contained unit: 136mm x 153mm x 148mm Efficient CoolingTubular structure built for airflow Built-in 12cm fan, strong but quiet Protection: The unit will be powered off in case of fan failure Plug & Play2 x PCIe 6 pin connectors for power supply RJ45 socket for Ethernet connection USB connection for debugging and firmware updates Configuration through web page Status LED indicating getwork/putwork activity Powered by the World's first mining ASICConsists of six mini blades with 16 chips each Speed of each chip can be monitored in web page Overclocking just by one button click ScalableExtruded aluminum enclosure, rigid and tough Multiple units can be slid together by 'tongue and groove' system Accessories coming soon: adapter for server PSUs, cable converters, etc. Source: http://www.wtcr.ca/catalog/product/bm-ambec-01 The promotion pictures look great. And they have a similar high quality like the immersion cooling pictures. |
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Yup, sorry.. I did something stupid and now I'm downloading the whole blockchain again...  Well anyway, don't grind all test MSC please. The $0.1-$0.5 rewards will come, but I want to do some tests with less value first.  |
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Would be happy to help test, new MSC volunteer here. Nice! 1. The website is now http://mastercoin-faucet.com. 2. Payouts are enabled. 40-50x 0.0001 Test Mastercoin are available and distributed via 5 rotating addresses. I'll add a few more, if there are no problems. Please try crazy things, so potential leaks are uncovered. 3. One reward per authentication method and user account. There are no checks to prevent a user to redeem multiple rewards via different accounts.. yet. 4. The message signing authentication for bitcointalk.org will probably be replaced with one-time-token strings. 5. Too bad that transactions with a multi sig input and no additional change address are not accepted like this transaction, but on the other hand those weired tx are not very nice to handle anyway. It 0.0002092 BTC transportation cost vs. 0.0003184 BTC for regular transactions. Cheers! |
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Additional informationI decided to roll the two deferred weeks (week to 3rd Nov and week to 11th Nov) into one so that the dividends got the benefit of rising BTC prices in the calculations. CipherMine has benefited from the rising price (our bot has been holding of course) so that seemed fair.
During the period we generated a total of 67 BTC, and using the BTC price last Sunday that's a revenue of €16,470. This was lower than it should have been, mainly due to the aforementioned power issues. Less depreciation, power/hosting and bond interest costs leaves a profit of €14,835, 50% of which is dividends.
At a price of €3.00/LTC that made 2,214.80 LTC in dividends. A further €8,100 has been added to the hardware reinvestment fund, which we're leaving in the hands of our BTC trading bot for the time being rather than spending.
For more information on how dividends are calculated please refer to the business plan / shareholder contract or previous explanations in this thread.
I've not yet caught up with everything post-honeymoon so don't know the state of play re. GPGPUs.
Kate.
Cheers!
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Just wow... instead of fighting for the right of freedom those guys are trying to give our privacy away on a golden plate. Enough is enough. Stop to obey, start to think on your own.
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Yes that works fine entering your info. Wondering if this could be the problem... my Bitcoin Wallet is still syncing with 20 weeks to go...as its been off for a while. Does the wallet have to be synced for this to work? I would make one suggestion, I was confused with your instructions for entering the Signature part... you did not indicate that we needed to go to our Bitcoin wallets for this, and a noob like me had to come here to this thread to figure it out. Maybe you could add a blurb about "Open your bitcoin wallet and retrieve your signature, and enter it in the second box here...." Keep up the most excellent work!! StewartJ Your client doesn't need to be in sync, the faucet just scans your profile and grabs the Bitcoin address and then compares the signature for the message "Mastercoin faucet". But you are right and you are not the first one who said it's difficult. What do you think about this: To authenticate via bitcointalk.org the user would need to put a generated text into his profile for a short moment. For example: "Please put the text ##MSCFAUCET10109818181## somewhere in your profile and submit your profile link" The faucet then would only need to scan the profile and check, if the text "##MSCFAUCET10109818181##" exists somewhere. Would that be easier and preferred? Edit: thanks for testing by the way, very appreciated! |
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Says I have an invalid address...
Invalid address? You mean "invalid signature", right? Please try: Link: https://bitcointalk.org/index.php?action=profile;u=104899Signature: HDnUuQqQoHEJoJPiPMbHKGlWvCm5bmilfNfOB4IVo/UafJE8Zikg8tqfdkuLdULSFki5dEjw5uj8UhG08Xa1co8= Does this work? I'm a little behind schedule, sorry for that. I have quite a busy week. Here is the good news: I now have a VPS with bitcoind running and purchased mastercoin-faucet.com. The website is not yet transferred and still hosted on the webhost, accessible via faucet.bitwatch.co, so the only missing step is going live with the payout module enabled. Sorry again for the delay, I'll keep you updated. |
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DividendKate is back and we received a total dividend of 108.10237455 LTC for 5369 shares. This results in 1.02324808 BTC dividend for this pass-through, given an exchange rate of 0.010098 LTC/BTC and a 5.40511872 LTC fee. Transaction: e5d5d08e446df24b12481b193bf0ed5d1d61f6e50a7760b1e53ee1131da30b71This is what Kate said: Dear All, I'm back in the UK from my honeymoon, but fly out to Berlin this afternoon. I intend to do the two delayed dividends before I depart. Apologies in advance but I don't have time to respond to all the comments while I've been away. I have had the zeitgeist update from my team though. To those that have been patient, thank you. To those that have not, I remind you that a) I was abundantly clear that there would be a hiatus; b) the contract terms actually states that we shall do dividend payments at least once a month. That I do them weekly is merely being generous to you all, and in our many months of operation there have only been three occasions when I have not made a weekly payment on or near the usual time of Sunday evening. Given that it still requires some manual effort and we don't have the convenience of an exchange to do it, the easy route would have been for me to revert to monthly payments during this transition. That is not in your interests, so you should be grateful I have not done so. I will have more news about the new exchange (CipherTrade.com) soon and hope to be able to make a big announcement at the weekend. Be assured that work has continued apace and CIPHERMINE and CIPHERMINE.B1 will soon be liquid and tradable again. Apologies re. the power outages. In part this was a bizarre issue with the BitFuries causing their PSUs to shut down inexplicably, and partly due to a major power outage at our new Memset offices. Our new data centre there is not complete; the UPSes and generators are on-site but not yet wired up. The offices will soon be powered from that resilient infrastructure. Unfortunately we cannot put the BitFuries in our current facility mainly because they are very delicate and require constant fiddling (reseating boards and such). They are not data centre compatible hardware. To minimise impact we have split the infrastructure between two geographically diverse sites though so that an outage at either won't take us completely offline. More soon re. divi payments soon. Need a cup of tea now! Kate.
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