Avalon ASIC Batch #2 Income Sharing; arrived and hashing

[ProfMac]

You can't do it with Bitcoin-Qt. There is a patch but it is not tested, ask Gavin. With MultiBit, it is doable, but requires making a new wallet, sending bitcoins
to address in that wallet and then sending gathered bitcoins to auction address. Than repeat for each and all bid upping or outbidding someone else's bid. If
one is bidding on all 10 shares, that means making 10 new MultiBit wallets, each having just 1 address. I might do that actualy, since rage just went from me
to guy next door!

I'm online in #bitcoin-dev and looking at the expert console in bitcoin-qt.  Sipa is commenting a bit.

I'm depressed and have a thermos of coffee.  I thought I had it worked out to be easy and powerful.
I don't think the low level commands are safe for an auction of ordinary users, if there are ordinary users in the bitcoin community.


...
I can send from the command line.  The link a posting or so above tells how.
I don't see how from the GUI.
sipa is telling me to never reuse an address, that all the people who want to return payment are breaking the privacy structure.  I am telling him that transparent auditing is equally or more important.  I guess I'm gonna have to earn my easy money fixing this.  I don't think I'm gonna get a custom patch from him...

[svenp]

I'm pretty sure you can send from specific addresses with Bitcoin-qt using the command line version but not with the GUI.

I like the idea of having a 24-48 hour notice of the end of the auction posted.  Great stuff Prof!

subSTRATA: It's easy enough to set up a blockchain.info wallet and just use it for bidding.  Send what you need to the blockchain wallet and then distribute it to Prof for the auction bids.  After that you won't have anything sitting 'out there' to risk, the rest of your funds still sit in your local wallet.

Also, a little friendly criticism... there's pages of stuff in this thread involving your misunderstandings, lack of comprehension, complaints, etc. that could have been avoided if you just READ what Prof wrote earlier.  If a newb like me can get it, it's not that hard.  

[TheJuice]

48 hour notice is fine, but there is no incentive for me to bid early. i'll place my bids when the 48 hours is announced!

TJ

[ProfMac]

ProfMac,

Congrats on your success! You have inspired me to do the same with mine, and to auction it most similarly to how the forum auctions off advertising space: 50 slots available, 1 slot = 1% of income from the 85GH/s rig. This will allow people to get half their own Avalon for potentially as cheap as 25 BTC!

Keep us posted on how well yours goes! I see a lot of potential scams going on here with these resells and I want to know just how many of them are legit.

Welcome, thanks, and happy auctioneering!

[ProfMac]

48 hour notice is fine, but there is no incentive for me to bid early. i'll place my bids when the 48 hours is announced!

TJ

In the off chance that the Avalon Batch #3 is re-opened for purchase, I would consider it a strong event.

[svenp]

What are there bids with several 'from' addresses (and how are those even generated)?  Aren't bidders supposed to use a single from address?

[ProfMac]

What are there bids with several 'from' addresses (and how are those even generated)?  Aren't bidders supposed to use a single from address?

One person made all those bids.  He is using bitcoin-QT, and it is difficult to send payments from only 1 address with that client.  I have returned his total of 0.4 BTC.  I used the address that was one of the inputs, and is also the address that his change went to in all those transactions.

I think the easiest way to make a conforming transaction is to send funds to an address at blockchain.info.  That web page lets you pay from a selected address to 1 address.  I discovered that when I was trying to keep an audit trail before I sent out 56 BTC for the Avalon purchase.

He does not trust blockchain.info, and wants to keep funds in a wallet that he protects.  A suggestion was made that he send only enough funds to blockchain.info to pay for the bids that he intends to make, and then his only exposure will be for the few minutes it takes to do the transaction.  I had the sense that this arrangement was also unsatisfactory to him.

There is also another multi pay bid for a total of about 15 Satoshis.  That one is mine, for testing purposes.  I should have done the test with throw away addresses, I apologize for the clutter.

[TheJuice]

ProfMac -

Might help for you to post a daily highest bets. Lots of clutter and hard for me to tell the highest bets.

From the looks 0.1 is the highest?

TJ

[ProfMac]

I have returned his total of 0.4 BTC.  I used the address that was one of the inputs, and is also the address that his change went to in all those transactions.

0.1 BTC less than I sent total, since there were 5 transactions. Unless those remaining 0.1 BTC are valid bid, send them back as well, thanks!

I decided to do bidding properly over multiple MultiBit wallets. Major pain in the a55, but still better than messing with blockchain.info or Armory. Bids will be placed soon.

I have now sent 2 transactions totaling 0.5 BTC.

I am referencing these 5 incoming transactions

1df1ccf5d0f1f59d813d4283648a68ae3fb3db7f04697b9b2b0141cc954ab38f
d61a16dd4f407c493f70b022aee1d9266c01d617c7884be2312778634300948b
efe4576ba042ff44bf486dffd13c841bfc563da95ac88736ee5d066f9dccf732
30047845d2cdb04d3ade84f5a2d004a80aaaff01f9198861285191234237a897
36004fdfa95f8b1b7fb7481014d0c7b489d5f11ab53b7fb2da953b180d1e336e

Thank you for attempting to place a bid.  I would welcome a bid made from a single address if you choose to make one.

[ProfMac]

0.5 BTC placed earlier received. 3x 0.75 BTC placed, this time as requested.

Welcome back.  Thank you for your confidence.

[theGECK]

Does anybody know if there is a way to see which addresses are bidding which amounts and what the current winning addresses are without writing it down and calculating manually? When the bidding is close to closing it will probably be busy and manually calculating every transaction could take time that will otherwise be spent bidding.

[ProfMac]

Does anybody know if there is a way to see which addresses are bidding which amounts and what the current winning addresses are without writing it down and calculating manually? When the bidding is close to closing it will probably be busy and manually calculating every transaction could take time that will otherwise be spent bidding.

My hope is that some of the low level commands in bitcoind can handle this.  I am busy with some pressing RL issues (RL is Second Life slang for Real Life, and by extension my not-bitcoin day activities)

If anyone can code this up for the RPC interaction with bitcoind, I will be appreciative.  Else, I will do something, but not Thur or Fri.

-----
It turns out that some commands submitted to bitcoind can start this process.

1.  bitcoind listtransactions "Avalon Auction" > list-of-transactions.txt
2.  bitcoind getrawtransaction <transaction from list>  1 > getrawtransaction-1.txt
3.  inspect and locate "vin" and txid vout
4.  bitcoind getrawtransaction <this new transaction> 1 > getrawtransaction-2.txt

Now all the information is plastered all over these files.  It has to be parsed and checked for coherency.
Then put into a web database.

[ProfMac]

Does anybody know if there is a way to see which addresses are bidding which amounts and what the current winning addresses are without writing it down and calculating manually? When the bidding is close to closing it will probably be busy and manually calculating every transaction could take time that will otherwise be spent bidding.

The ideal thing is for me to have software that will harvest the blockchain and make database entries.

Code:

Hand Constructed, please audit.
I will be on a business trip most of the week of 4/15.  Updates will be delayed.

5	18qDhkReMuFfciHshdpQhr3QhXZp82aWon	1.21000000  <-- current winners
1	12peTunkkUp88aRaUgndRBzPNSrEw3PDu7	1.17000000
2	1JzMp55NW22xjEE4QKUhN5iAmKyFnJSUDg	1.16950000
1	1Fu4JaynbQrtkSPN73uoDqEPAxyzVfsqLu	1.16010000
2	1Gor6F9rMXUhbKGT9iYRKpa4U4tW94Ycq8	1.16000000
3	1EkWkthDoxCXTyxRYVjtnmq13e8SbQNbs2	1.15000000
2	1NFtyTwefVtHXbxCPVZBG9H6SrujTxk4G6	1.15000000
5	18jpEzLGFYeT4nACAUs5zrY2cDSwBXWVAt	1.14698120
4	1cCXNG5mNFkErBWtCLaVLA9fZrGAzFCB1	1.10000000
3	1PnAWB2opLVyGFUmaCeyjdFZ3w88PgPbmb	1.10000000

2	1CwLwBgR16urEkcL5Su3LkzA7RYYqyjHy4	1.00000001  <-- These bidders have sent multiple increases.
3	1LktD4cXPmcJ75Sd2WgRs69rBZqNQd5L4P	0.97000000        Keeping their bid a while in case they bid more.

2	13shEJVGamWDu1qkAjbjD8g62hacPFmjQc	0.00000000
2	14pDJaE7qWXgLAS4RbpVyq4ebsUPXEBXNa	0.00000000
2	16NUNbUCieHLZGVoGdCP7Uzp5pxDNp35UT	0.00000000
2	1Aby6bNLfydieYGkLaMVd6BJjHrAaBsLMR	0.00000000
2	1AFA4ppBvYpdiDFidFUGsWo6nn2NTdAvzZ	0.00000000
2	1AFuCJXLNZEF2ktFw1WWgvo7guUghtino8	0.00000000
2	1BnYjPuUek6kSZYprV7KwZCEh5Fdt5EtSX	0.00000000
2	1CpXQhWptbYu4AAsmiEcos9f7rPgDHdALs	0.00000000
2	1F2472ponJGqDyKNLgFKPnFdXfXT46Hx3Y	0.00000000
2	1F79KrkTVrGSoHX8j52axHUZi66utRnmzZ	0.00000000
2	1FrpnnbV98mMVDk7xfvRYNkMdiVkHeo4CL	0.00000000
2	1GZzn1wN2SN1XF6zo6CkLh77tQGqTYJS46	0.00000000
2	1HWdsr5FjadLMFiaZZvS4YqXpR4aQwDTHX	0.00000000
2	1HZrAsW7i1P5TVrVxWmwxZyiKqyMsw1rC5	0.00000000
2	1LaMr73WuPknQqcnYx5B49hUV3njXtGkzv	0.00000000
3	1LsZV1sNMnrvgGqgg1WYeaJ4Bbjm3ZkMoL	0.00000000
2	1MaMD7C4zAYxZybmB87CgJKhojt97G7TAr	0.00000000
2	1nAmPPmyDkvd5FJscJhDZ4te9tFvaD4BS	0.00000000
2	1QKKFsCXYv1Ya2qyCiQGC2MVfioKon9w3L	0.00000000
1	1Q8nr8o5s9ZQfVy94EspjdpjteqqQmD1K	-0.01507825

A Batch #2 Avalon is selling for BTC 150.  Bid high, I can get another.

[ProfMac]

Could we have an open debate about the pools machine will be mining at? I think it is important matter, given not all pools are the same. My favourite
combination for pools is the following, sorted by pool overall effectivness:

1. BitParking - 4 coins merge mined, payout addresses bound to account, 2.5% PPS, minimum payout 0.1 for each coin
2. OzCoin - BTC + NMC merge mined, 1% DGM, 2% POT, 3% PPS, minimum payout 0.1 for each coin
3. BTCGuild - BTC + NMC merge mined, payout addresses can be locked, 5% PPS, minimum payout 0.1 for each coin
4. 50BTC - only bitcoins mined, payout address can be locked, 3% PPS, minimum payout 0.01 BTC

IMO machine should be setup for at least 4 pools with solo mining or P2P pool as the last failover option.

Comments welcomed.

I certainly welcome open debate.  I will review the debate closely.  I will accept the results as a recommendation. 

[theGECK]

I have heard that p2pool has trouble with ASICs, not sure why though, so I would investigate that first. I think prioritizing BTC return is more important than hashing on an alt chain, so personally I'd like to go that direction. With that, I think a PPS pool would be wasting money because our hash rate should be enough to take the risk on ourselves instead of the pool operators, and out of the 4 options you provided, I would prefer OzCoin because of the low fee for DGM mining.

[ProfMac]

I think prioritizing BTC return is more important than hashing on an alt chain

Check the "Ratio vs. BTC" column:

http://dustcoin.com/mining

Ratio will change by the time machine starts hashing, but still it is possible mining altcoins would return BTC faster than mining BTC itself. Time will tell.

I will mine bitcoin.

[theGECK]

I think prioritizing BTC return is more important than hashing on an alt chain

Check the "Ratio vs. BTC" column:

http://dustcoin.com/mining

Ratio will change by the time machine starts hashing, but still it is possible mining altcoins would return BTC faster than mining BTC itself. Time will tell.

For me personally it's not about the return I can get right now, but about what I think has the longer-term chance. Bitcoin has the mind share of cryptocurrency and I think it's the one that will go for the long haul and eventually be worth more down the road. That's why my position is to prioritize BTC mining over alt-chains, but if we can do merged mining without sacrificing BTC returns it would provide an additional benefit in the short term.

[ProfMac]

I think prioritizing BTC return is more important than hashing on an alt chain

Check the "Ratio vs. BTC" column:

http://dustcoin.com/mining

Ratio will change by the time machine starts hashing, but still it is possible mining altcoins would return BTC faster than mining BTC itself. Time will tell.

For me personally it's not about the return I can get right now, but about what I think has the longer-term chance. Bitcoin has the mind share of cryptocurrency and I think it's the one that will go for the long haul and eventually be worth more down the road. That's why my position is to prioritize BTC mining over alt-chains, but if we can do merged mining without sacrificing BTC returns it would provide an additional benefit in the short term.

Some questions that come to mind are these:

1.  How do I make the payout without controversy.
2.  How can 1 ASIC be mining on more than 1 coin?  Or, can I really double dip?

[Pistachio]

Is this still open?

Just to confirm, if I sent 0.85BTC to 17DCms43Vu2yusDjmpjHJuZihSSWkNzgSH that would be accepted as a bid for 1%? If I wanted to bid on several shares, I would need to submit multiple payments of say 0.85BTC to 17DCms43Vu2yusDjmpjHJuZihSSWkNzgSH ?

One final question, would you accept 1BTC Casascius coins for this auction?

[ProfMac]

I was peaking at this thread for a while trying to figure out if I should participate or not, and the fact the owner of machine is not willing to mine altcoins
just shocked me. For over a month now altcoins were returning up to 200% more bitcoins in same amount of time, but it somehow irrelevant here. Investors
are expected to spend bitcoins but they will have to wait few weeks or maybe few months longer to return the investment? I was under impression this
offer is about getting the investment back as soon as possible, before other miners push the difficulty up multiple times. Guy behind ASICMiner replied to
my question about their chips today, maybe you should check it https://bitcointalk.org/index.php?topic=99497.msg1740976#msg1740976 and not only that
but it looks like BFL might start shipping at least some of their boxes by the end of April. This offer is not good if ideology or personal preferences will rule
over the profit. Sorry!

I have another 20% of the output of the machine available for future ventures.  If I decide that I can mine altcoins with that 20% and sell shares to you, I believe you would be unhappy if I decide after the fact to mine bitcoin.

It works both ways.  I have sold shares to mine bitcoin, bought with bitcoin, and to be repaid in bitcoin.  To quote Transporter, "The deal's the deal."

If I can get sufficient funds to order a new machine, it will not have any legacy promises whatsoever.  I need about 90 BTC more to match some resell offers I am reading.