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Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract
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on: January 04, 2015, 02:09:03 AM
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if mining capacity drops sharply, confirmation may takes forever and kill bitcoin That isn't the way the bitcoin protocol works. It will adjust to a 10 minute confirmation regardless of the direction difficulty goes. If network hashrate drops by a small amount - then what you say is correct, if hashrate drops by 90% in an extremely short period of time, it'll take 140 days to confirm all the necessary blocks for the next diff adjustment. I'm not going to lose sleep over that scenario. |
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Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract
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on: January 04, 2015, 01:26:45 AM
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if mining capacity drops sharply, confirmation may takes forever and kill bitcoin That isn't the way the bitcoin protocol works. It will adjust to a 10 minute confirmation regardless of the direction difficulty goes. |
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: December 29, 2014, 09:15:20 PM
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Friedcat and/or board members: Given the implosion/hack/scam of hashie, can you verify that you are getting periodic AM ownership database dumps from Havelock as well (both for AM shares and AMHash), so there is a chance for reconciling share ownership should something happen with Havelock? Thanks.
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: December 21, 2014, 03:55:31 AM
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I gotta say this is a tad uncalled for... FC has communicated more than ever (well except for the funding and early gen 1 period) over the last weeks or so. The 1/10 points at communication deserve at least something better  Well they seem to be bashing their competition via proxies that are all on default trust (and wearing their signature). IMO this is a serious cause for concern Can you please give more detail on this (examples, links, etc.)? Thanks. |
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: September 11, 2014, 02:41:29 PM
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Although looking at BTCGuild's block find history it doesn't look like it has found blocks in every hour that we've seen the 10 BTC deposits occur. Some hours more than 1 block is found, but in some of the hours no blocks were found (but the 10 BTC still transferred).
I've never used BTCGuild before though; can anyone familiar with their payout options explain what might be occurring?
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: September 11, 2014, 01:47:54 PM
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I am not hating it is just feel like another push the price up for a seconds scheme. Given how thin the order book is on Havelock, this seems unlikely. That is, given the cost (50BTC at the moment) the price on Havelock would have to increase significantly more (or the order book is going to have to become much more dense) for it to be a profitable manipulation. |
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Bitcoin / Hardware / Re: ASICMINER TUBE first look :) IKEA style miner first time ever
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on: August 30, 2014, 01:04:29 AM
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Looks like they are all daisy chained to the controller into one port?
Can you break the chain into 2 or three chains? That would protect from a bad board knocking
you totally out.
Just a thought.
as an old network dude, I hate bus topology (especially daisy chain). Star is your friend.
it is not like this. i had one tube offline at chain (unplugged due to power loss) and rest is working one cutoff dont slice chain, just signals pass the dead tube  dont forget to reset/power on/off controller after adding/powering on tubes One of the other people in the GB posted that his would not start until bad board's were removed thus my assumption. It will likely depend on how it fails. Some failures will keep the chain up, but some really wonky boards can probably bring everything down. My guess is that (total failure of the chain) would more likely be caused by a malfunctioning board that never works (thus, is identified when it is first tried), and not a marginal board that just flakes out after use. |
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