Hash Rate Jumps Up 39% In 10 Days. From 71mil to 99mil

[minternj]

This was the latest asicminer update

Wednesday Dividend Update -- 8 May 2013

For the week 1-8 May 2013, the dividend was 0.01108519 BTC per share.

Dividend projections.
As of this moment, ASICMINER is operating 18,530 GH/s of hashpower, which is estimated at current difficulty to produce 5,825 BTC per week, after 10% fees/maintenance, or 0.0145 BTC per share per week.
If ASICMINER continues to grow at minimal rate of 3 TH/s per week, we will see at least 21,530 GH/s of hashpower, or 6,768 BTC next week, which will be 0.0169 BTC per share.
If ASICMINER grows at 7 TH/s per week, the dividend will be approximately 0.02 BTC per share.
If ASICMINER meets top growth rate estimates of 10 TH/s per week, the dividend will be approximately 0.0224 BTC per share.

The latest news up to 8 May 2013.
> 200 TH/s has been ordered for 2-3mo deployment timeframe.
> USB devices fully tested, 10,000 units ready for order at 1.99 BTC each.
> Block Erupter sales have produced an average of 50 BTC per unit, or a total of ~2500 BTC in the latest auction.
> If 10 TH/s is sold as planned in Block Erupter auctions at 50 BTC per 10 GH/s unit, Bitfountain will receive 50000 BTC, which is a healthy 0.125 BTC per share in dividends.
> 50 TH/s is estimated to be fully deployed by June of this year.

They tested 10,000 usb units! Tested = mining.  Deploying 50TH by june! Its already 2nd week of may. Guestimating half of 50TH was deployed. 200TH more deploying in 2 months. Again, why the need to guess who brought the TH, its in frggin black and white.

[WildFire.ca]

look who's mining.

http://www.traceip.nl/trace_ip_adres.php?ra=173.197.46.89

http://blockchain.info/connected-nodes

https://maps.google.ca/maps?oe=utf-8&client=firefox-a&ie=UTF-8&q=butterfly+labs+address&fb=1&gl=ca&hq=butterfly+labs&cid=0,0,5769472180036885364&ei=QamRUd2ZI6OkigKLk4DYBg&ved=0CJUBEPwSMAE

http://blockchain.info/nodes-globe?series=onlineNow

The first link is the whois of the ip in the Connected-Nodes of a person in Kansas. When you Google BFL's address you get the exact location for both on the map. The globe shows someone with massive Hashing power in Kansas. Its either ASICMINER, BFL or an unknown miner. Pick one.

[minternj]

i dont even see that ip in the connected nodes. maybe your 20/20 investigative reporting style scared them away. Either way its asicminer. hash rate would be insanely hihger if bfl was mining with a lot of machines. A few test ones I would bet on.

[erk]

It looks like ASICMINER is centralizing Bitcoin mining. Is this a bad thing? Certainly make it way less profitable for BFL customers.

[WildFire.ca]

I forgot to put this image up of the IP.

[erk]

look who's mining.

http://www.traceip.nl/trace_ip_adres.php?ra=173.197.46.89

http://blockchain.info/connected-nodes

https://maps.google.ca/maps?oe=utf-8&client=firefox-a&ie=UTF-8&q=butterfly+labs+address&fb=1&gl=ca&hq=butterfly+labs&cid=0,0,5769472180036885364&ei=QamRUd2ZI6OkigKLk4DYBg&ved=0CJUBEPwSMAE

http://blockchain.info/nodes-globe?series=onlineNow

This is meaningless, an IP, most likely dynamic, possibly in Kansas is mining bitcoins, are we supposed to care?

[minternj]

It looks like ASICMINER is centralizing Bitcoin mining. Is this a bad thing? Certainly make it way less profitable for EVERYONE.

Seems like the Chinese have won the Asic arms race.

Edit: fixed it for ya. Stop fixating on BFL.

[Nemesis]

look who's mining.

http://www.traceip.nl/trace_ip_adres.php?ra=173.197.46.89

http://blockchain.info/connected-nodes

https://maps.google.ca/maps?oe=utf-8&client=firefox-a&ie=UTF-8&q=butterfly+labs+address&fb=1&gl=ca&hq=butterfly+labs&cid=0,0,5769472180036885364&ei=QamRUd2ZI6OkigKLk4DYBg&ved=0CJUBEPwSMAE

http://blockchain.info/nodes-globe?series=onlineNow

The first link is the whois of the ip in the Connected-Nodes of a person in Kansas. When you Google BFL's address you get the exact location for both on the map. The globe shows someone with massive Hashing power in Kansas. Its either ASICMINER, BFL or an unknown miner. Pick one.

Fcking... noobs, please... tinfoi hat is so.... outdated.

[iikun]

I'm sure if it were BFL there would be a huge announcement by Josh that he'd ordered 15 UPS/DHL delivery trucks to descend on their premises like a swarm of killer bees to get their products out to the customers that they care so dearly about.

My money is on Asicminer

[PeZ]

It looks like ASICMINER is centralizing Bitcoin mining. Is this a bad thing? Certainly make it way less profitable for BFL customers.

Yep...centralizing a currency that was suppose to be decentralized. Can only lead to disaster.

[tvbcof]

It looks like ASICMINER is centralizing Bitcoin mining. Is this a bad thing? Certainly make it way less profitable for BFL customers.

Yep...centralizing a currency that was suppose to be decentralized. Can only lead to disaster.

~friedcat make some noise about being sensitive to the issue as one justification for releasing his 130 nm chips into the wild.  Through gear which is optimally priced of course...that's capitalism for ya.

Then of course Avalon is also talking about letting go half a million of their 110 nm chips in raw form, and with enough documentation to get them hashing readily.

Any problem of this nature would seem to be destined to be a transient issue at worst.

[organofcorti]

This was the latest asicminer update

Wednesday Dividend Update -- 8 May 2013

For the week 1-8 May 2013, the dividend was 0.01108519 BTC per share.

Dividend projections.
As of this moment, ASICMINER is operating 18,530 GH/s of hashpower, which is estimated at current difficulty to produce 5,825 BTC per week, after 10% fees/maintenance, or 0.0145 BTC per share per week.
If ASICMINER continues to grow at minimal rate of 3 TH/s per week, we will see at least 21,530 GH/s of hashpower, or 6,768 BTC next week, which will be 0.0169 BTC per share.
If ASICMINER grows at 7 TH/s per week, the dividend will be approximately 0.02 BTC per share.
If ASICMINER meets top growth rate estimates of 10 TH/s per week, the dividend will be approximately 0.0224 BTC per share.

The latest news up to 8 May 2013.
> 200 TH/s has been ordered for 2-3mo deployment timeframe.
> USB devices fully tested, 10,000 units ready for order at 1.99 BTC each.
> Block Erupter sales have produced an average of 50 BTC per unit, or a total of ~2500 BTC in the latest auction.
> If 10 TH/s is sold as planned in Block Erupter auctions at 50 BTC per 10 GH/s unit, Bitfountain will receive 50000 BTC, which is a healthy 0.125 BTC per share in dividends.
> 50 TH/s is estimated to be fully deployed by June of this year.

They tested 10,000 usb units! Tested = mining.  Deploying 50TH by june! Its already 2nd week of may. Guestimating half of 50TH was deployed. 200TH more deploying in 2 months. Again, why the need to guess who brought the TH, its in frggin black and white.

Why do you think any manufacturer would test on mainnet? AFAIK they'd be testing on testnet. That's what it's for.

[erk]

It looks like ASICMINER is centralizing Bitcoin mining. Is this a bad thing? Certainly make it way less profitable for BFL customers.

Yep...centralizing a currency that was suppose to be decentralized. Can only lead to disaster.

At some point if they keep adding 4-7TH/s per week, ASICMINER will be the only ones left mining Bitcoins except for a few stragglers that don't realize they are burning money via power for nothing because of the unmatchable growth in difficulty.

Can ASICMINER's business plan survive on transaction fees alone? As they will be pretty much the only ones creating new blocks to carry transactions.

[conv3rsion]

It looks like ASICMINER is centralizing Bitcoin mining. Is this a bad thing? Certainly make it way less profitable for BFL customers.

Yep...centralizing a currency that was suppose to be decentralized. Can only lead to disaster.

At some point if they keep adding 4-7TH/s per week, ASICMINER will be the only ones left mining Bitcoins except for a few stragglers that don't realize they are burning money via power for nothing because of the unmatchable growth in difficulty.

Can ASICMINER's business plan survive on transaction fees alone? As they will be pretty much the only ones creating new blocks to carry transactions.

Or, since they are very smart, they can grow to 30-40% of the network, and sell remaining inventory at optimal profits, thus ensuring they can stay at 30-40% of the network indefinitely.

[shapemaker]

Why do you think any manufacturer would test on mainnet? AFAIK they'd be testing on testnet. That's what it's for.

Testnet = no profits.
Mainnet = PROFIT!!

Nuff said.

[erk]

Why do you think any manufacturer would test on mainnet? AFAIK they'd be testing on testnet. That's what it's for.

Testnet = no profits.
Mainnet = PROFIT!!

Nuff said.

And the Testnet is for testing software not hardware.

I seen nothing wrong with leaving the prototypes running on the real net.

[shapemaker]

Or, since they are very smart, they can grow to 30-40% of the network, and sell remaining inventory at optimal profits, thus ensuring they can stay at 30-40% of the network indefinitely.

The problem with ASICMINER is they're too greedy. They try to squeeze all profit from both ends, leaving nothing for the buyers of their hardware. Well, the sooner we have real alternatives the better. I certainly hope they don't pull any stupid stunts with hashrate, though...

AVALON, you listening?? Start friggin' shipping batches 2 and 3, and the chips PRONTO!

[erk]

Or, since they are very smart, they can grow to 30-40% of the network, and sell remaining inventory at optimal profits, thus ensuring they can stay at 30-40% of the network indefinitely.

The problem with ASICMINER is they're too greedy. They try to squeeze all profit from both ends, leaving nothing for the buyers of their hardware. Well, the sooner we have real alternatives the better. I certainly hope they don't pull any stupid stunts with hashrate, though...

AVALON, you listening?? Start friggin' shipping batches 2 and 3, and the chips PRONTO!

Yeah, those little USB stick things are a total ripoff, worth maybe a bit less than 1BTC atm. Like I wouldn't pay over $100 USD for one, the hash rate isn't good enough. A cheap video card can do more than 300 MH/s and there is a lot more parts/workmanship in a video card that's for sure!

[Rampion]

I should have bought ASICMINER shares when I was offered them at 0.3BTC

But yeah, hindsight is 20/20

[meowmeowbrowncow]

I should have bought ASICMINER shares when I was offered them at 0.3BTC

But yeah, hindsight is 20/20

Yep, ASICMiner.  It was a beauty of an investment....awhile back.


Maybe Bitfury will provide some balance with his "0.7 W per GH" chip.  If it ever materializes.