rig 5 and rig 6 appear to be "full rigs"
Price for both rigs ? discount for buying the whole thing? The asking price for both rigs is $1,935 total. If you wanted them both and pay shipping, I will drop it 100 to $1,835. What kind of Hash where you getting off those before you killed them? 680 MH/s per card.......so 1,360 MH/s per rig. Seems like a Poor investment, so if you do some math, that's 1834560 Megahashs for a month at 24hours of uptime or 10.21BTC a month for the rigs, meaning its going to take me 6.5 months to earn back the BTC??? wouldnt I be better off getting an asci.... GL |
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Those are insanely overpriced. Cards that do more hashs sell for under 100$ and cards that are better for gaming sell for like 200$ new. Plus they aren't new and have been used for mining. You should gauge your price with actual value and not new egg -20%. (Note that video cards don't really drop in retail prices even when approaching EOL although their value decreases depending on competing releases for specific applications.
Sorry, I usually don't try to hurt a sellers thread but I believe they are overpriced so much that my advice should help you more than hurt.
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I SAY early birds should pay more!
But seriously, buying shares for more (or less) than IPO is entirely in the investors power. If it results in higher resale value, its down to the buyer to decide if its worth it. If the second wave is more expensive, no one is forcing to buy. It is 100% driven by supply and demand. Who are you to argue agisnt the most basic and well established economic fact?
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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. Your opinion isn't worth more than others. In fact, bossing people around without authority makes it worth less. Also, I don't know many dads who can build a car. And as pointed by others, there is many ways to access the official information, as easy as it is to glance over non-official information. Eck, you might even learn something new. |
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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. Kinda ironic that you actually give your opinion about a conversation after bashing on opinion based discussions. |
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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?) |
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After GLBSE being cautious is smart. I hope friedcat has his own exchange for these shares even if we have to wait a few more months.
That's all very nice, but Friedcat has said the platform would be up and running by the end of Jan.... then before the 1st dividend payment.... so I still expect an exchange to be announced tomorrow  I do not expect it as he is asking new buyers of ASICMiner for a BTC address. I'm going to guess this is for manual dividend payments. However this does not bother me at all as friedcat beat BFL and more or less Avlon. friedcat is doing a great job and I am looking forward to the first dividend. He also asked every old shareholders. And to everyone being skeptic or just unable to abstract from "platform will be released before dividend" and "dividend next week".... Stop being so childish and require a word for word and use your brain. Of course there is always the possibility of a delay, just as much as if he said "platform out tomorrow". Damn, I'm not saying we know everything we should, but that part was pretty f'ing clear. |
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friedcat, do we know when the share trading platform will come online? (Of course getting up boards is the priority.) Does anyone know the fair market price? I saw some trade at .38 recently. Thanks! They've traded @ up to .52 recently. https://bitcointalk.org/index.php?topic=144676.20Because the exchange isn't up and there are no pasthroughs, I think the value of ASICMINER shares will drop once there are convenient trading methods & more liquidity. Actually those create demand. Also, with no easy way and micro transactions its a sellers market. So both those things suggest the opposite. Also, the current valuation seems to be around the assumption of 1/8th of the network, but there is the very real possibility of 1/4th soon enough. It also assumes stable price and as we all know, this is a longer term investment in a deflatory currency. Seriously, there is not many factors that count towards price drop and so many towards increase. Of course its all speculation, but saying its overvalued is far from an educated guess. And to everyone directly asking friedcat when the platform will be released, he states that very thing in his very last post. The 28th. |
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it simply wouldnt make sense to attack
That's not the point at all. Whats your point? And who should be the one to attack in your opinion? Sorry, I didn't want to expand because this has been discussed ad nauseam already; you can dig up the forum for other threads discussing it. First off, I'm as sure as you are that ASICMiner won't break the network, in any plausible scenario. Most of the concern boils down to trust in the proof-of-work concept. In other words, any singular entity (even if altruistic) holding majority hashing power nullifies the justification to use proof-of-work. You need to only imagine what you will see in the press when this happens to get that it's bad for Bitcoin. Would you really want to be in the position where you have to convince the whole user base that everything is fine? Besides, you only covered the possibility of a malicious owner. How about a cyber attack? How about a physical attack? There is no reason to try to imagine all scenarios and debunk them one by one. It really doesn't matter. In the end, we prefer to use precise algorithms to be immune from our own fallacy of imagination. With this perspective, I think we can stop discussing whether we should discuss it. It's very straightforward and relatively easy to produce a solution. It's not as simple as you make it out to be. If one party controls over 50% of the network then it makes no difference whether they: Mine solo Mine on one pool Mine split across various pools They STILL have the capability to mount a 51% attack any time they choose to. Whether, when choosing not to, they mine solo or mine on one or more pools is totally irrelevant - as the capability to 51% attack still exists. Pretending that the issue is addressed by sharing mining across various pools is just that - pretence. The issue is unchanged and not addressed. If there IS a solution to the problem then it is absolutely NOT addressed by debating how someone with 51%+ should spread their mining - that's solving an entirely different issue (how to pretend that a centralised system is decentralised by giving temporary control to other people and fantasising that noone notices the transfer of control is revocable). I'm just glad that IF someone is going to end with over 51% (and I doubt it's going to happen at all) it's ASICMINER not the scammers at BFL (yeah - only one of them has ever actually been convicted), the liars at Avalon ('shipped' has a different meaning to them than to the rest of the world - to them it just means 'are about to start assembling if we raise enough cash') or the drunkard/liar/scammer at BASIC. My reading comprehension might be off, but I don't believe he implied anywhere splitting the hash power meant no 51% attack. |
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rfe2Pd2XZANiy4t24vWptx2ieSa83TPN1u
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Hello Burnside,
Love your pool to death! Trying to do my best on this end to deliver optimize my rigs.
I have a question about the best way to run cgminer 2.10.5. Specifically I am trying to determine if I should run failover-only or the default failover setting.
My setup is
4 x 5850's running about 1.4 Mhash
1 x 5850 running about 380 Khash
1 x 5870 running about 410 Khash
All of the above equipment is running Windows 7 - 64bit, 4GB ram, and cooled to <72. My hardware is totally stable and runs non-stop.
The problem I am trying to solve: High stales and a lack fault tolerance (your pool is highly available, no slight intended. I just want to be sure my gear keeps running!)
I tried running cgminer with the -load-balance setting but it sent about 50% of the work to the other pool I use. So I stopped doing that.
Then I set cgminer to run with -failover-only. In this mode 99%+ of my hashing went to your pool.
The Litecoin yield was great but I also had very high stales. I hit refresh a few times and saw the stales rate change, so I think the high stales might have been related to one of your background processes starting up and bogging down the server for a few seconds.
In an effort to reduce the stales I changed cgminer to run the default failover mode. In the default failover mode, about 20% of my hashing bleeds over to the failover pool. I have a hard time accepting that so much of my hashing is best sent to the backup pool, but then again the settings in cgminer have proved very reliable in my other applications. If this was best, the yield from the backup pool should be 25% of the daily burnsides pool yield. The yield is only about 15% of the Burnside yield, so I think that tells me something.
What should I do to optimize my setup?
I wondered maybe I should download your Stratum proxy and run that locally for my group of three machines. I thought that might be a small improvement.
Should i just run cgminer as -failover-only and stop worrying about the stales? Or should I run in the default failover mode and let CGminer bleed over some of my work to pool 2 because there really are times the Burnside pool cannot supply enough work.
Thank you in advance for taking a few minutes to read over my questions and thank you for the well implemented pool!
Planman
Don't know if that could be even remotely related but isn't 4gb ram low for 2mh/s scrypt? |
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That is... Disappointing. I guess there is a benefit for a major network hasher and highest share producer by an order of magnitude to not use pplns
I'm not sure this is disappointing at first glance. While bitcoin mining over time will tend to 100%, reality is that a large solo mining organization could go months running well under 100% PPS. Paying a 5% fee with as much hashing power as they have looks like a good short term strategy to make sure they are making the most btc possible. Also, if BTCGuild is one of the better pools as far a stability is concerned, this is one less thing for Friedcat to worry about during these few short weeks/months of extreme profits. Talking about PPLNS vs PPS here, which btcguild offers both. Not talking about btcguild or not. |
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It'd be interesting to see if ASICMINER is able to get a special deal like half fees in exchange for pool exclusivity.
If we have 80% of the network that is not a good idea:) Also that being said, to avoid centralization of the mining hardware could be set up in different locations to avoid a raid/51% attack. Again that talk when we have 10%? We are the only ASIC company with anything really going. BFL looks like 4 to 6 weeks (maybe) and avalon is not going to be much. bASIC is dead so yeah, I see 45% of the network pretty realistic and we should deal with that. Read the post below... They have already been said many times. Also, it is very likely the ozco miner that some are Avalon themselves to fund their batch #1. Anyways, let's not talk about a problem we are not even close to have yet. Once we reach 15TH/s bring it up a 5th time. |
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It'd be interesting to see if ASICMINER is able to get a special deal like half fees in exchange for pool exclusivity.
If we have 80% of the network that is not a good idea:) Also that being said, to avoid centralization of the mining hardware could be set up in different locations to avoid a raid/51% attack. Again that talk when we have 10%? |
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Seems like friedcat and eleuthria have a working relationship. Special deal maybe?
I wonder how many shares (if any) friedcat holds in ASICMINER ? Hopefully a lot. Not to remove anything from him, but its usually not because you are the PR guy that you deserve more. Although I doubt thats its his only role, its the only thing you know to gauge his "value" |
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They have absolutely no reason to do PPS, so PPLNS is certainly the right guess. Nonetheless, just because of the variance of solo (the calculation above) to PPLNS/PPS kinda makes that question somewhat irrelevant to the estimate. But yeah would be nice to know anyways.
https://www.btcguild.com/pplns_shift_detail.php?shift=2594According to btcguild's shift pages, user id 67117 is not on the pplns shift this so they are bundled into PPS. That is... Disappointing. I guess there is a benefit for a major network hasher and highest share producer by an order of magnitude to not use pplns |
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what's the best estimate of what ASICMINER has earned sense friedcat confirmed it was them on BTCGUILD?
202blocks*25BTC=5050 BTC ( http://www.btcguild.com/halloffame.php) minus fee, power and labor Is there any info on whether ASICMINER is doing PPS or PPLNS? They have absolutely no reason to do PPS, so PPLNS is certainly the right guess. Nonetheless, just because of the variance of solo (the calculation above) to PPLNS/PPS kinda makes that question somewhat irrelevant to the estimate. But yeah would be nice to know anyways. |
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ASICMINER shutting down again... I wonder if friedcat is sequentially testing all the boards in sections, and is getting ready for full launch Pretty sure he did say launch was progressive, whatever that means. And also we had a confirmation yesterday about today so its pretty irrelevant today. |
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How will you handle that you accept both BTC and fiat? Does one currency get converted to other daily, monthly, or?
Hello ThickAsThieves, Thanks for your question. Currently we convert all the USD we make into BTC cold storage daily. We keep a small USD balance in order to cover real world necessities. This brings the question. Will dividends be paid based on cash sales or monthly stored BTC. Making either profit from deflation spread or 1 man cash in. Also, I understand this is not a equity shares but royalty shares, but it might help to know what the IPO is for besides "support"? |
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ASICMINER just turned back on at BTC Guild [shares counter started increasing again, and speed did not fully drop to 0]. Remember that the speed shown on hall of fame is a 1-hour average, so don't be alarmed if it looks like a slow growth back up.
Seems to be hovering around 2TH, so I am assuming not all miners went back online.... Sorry I didn't post this last night: I was told that the speed will not be stable today, so don't spend too much time spamming F5 on the rankings page. They are aware and expecting to see fluctuations in speed throughout the day as they work. My F5 key will.not.listen |
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