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Author Topic: [GLBSE] Introducing: Bitcoin Syndicate, a new mining op trading publicly!  (Read 21415 times)
mila
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March 20, 2012, 02:18:59 PM
 #121

(with the exception of approximately 1.5Ghash of mining power from John, who should be coming online this week, due to the renovations of his house, you can see details on this in our forums at forum.btcsyn.com)

the referenced thread is here: http://forum.btcsyn.com/viewtopic.php?f=15&t=40

Smiley any pics from the cabling progress?

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PinkBatman
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March 21, 2012, 06:42:18 PM
 #122

I just wanted to drop a note and say this is the first investment I have made on GLBSE and am very excited to see where it goes, keep up the good work.
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March 21, 2012, 07:33:02 PM
 #123

Glad to have you aboard!

Things have been moving a bit slow last couple days, and we've had some technical difficulties. But you should be seeing some major jumps forward in the VERY near future Wink (as we get our FPGA rig online, and some of our technical issues get resolved).

Make sure to get registered on our private forum at forum.btcsyn.com and send me a PM with your share purchase transaction ID so I can grant you shareholder rights.

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HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
HorseRider
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March 26, 2012, 04:12:13 AM
 #124

why not a weekly dividend?      Smiley

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Glasswalker
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March 26, 2012, 12:24:47 PM
 #125

Administrative overhead primarily. It all amounts to the same regardless, paying out monthly and doing spending/purchases monthly and so on is less admin overhead.
Also it goes along with the spirit of the investment (it's a longterm game, not a short term one). If you're investing in BTCSYN for the short term, you're doing it as part of day trading essentially, in which case you're trying to ride shifts in the stock values. The dividends are going to be small compared to the percentage return you expect from trading the stock. So anyone investing "long term" shouldn't mind if it takes 4 weeks to get their dividends instead of 1 week. (at least that was my reasoning when deciding to do it that way). If the shareholders convince me that the majority would prefer weekly, I'll raise a motion for it.

Make sense? Smiley

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Glasswalker
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March 27, 2012, 03:34:03 PM
 #126

lol, ok that was a long drawn out battle... But the FPGA Rig is officially working at 6GHash/s...

Right now it's mining against GPUMax to get a bit of a bonus payout. Using Slush as a fallback.

We still have issues with P2Pool, and I want to give it several days to mine against a "normal" pool first, to ensure the hardware is in fact stable...

Once we have the stability confirmed, we'll look into moving the FPGAs over to P2Pool. But it may mean we have to wait for a software or bitstream update if P2Pool continues to be a problem with the FPGA rig.

Here's a pic of the mining rate at GPUMax to show the current hashrate:


Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
mila
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March 27, 2012, 04:15:05 PM
 #127

there was a 5.1 btc mining reward that came in few days ago. was it already FPGA mined from the early days of 50:50?
I noticed that because usually the reward from p2pool blocks is .60-.80 and this looked like a regular pool payout

and congrats! I'll celebrate tonight : )

edit: I almost forgot to ask, how does the cabling look like finally? can be posted in the other forum. I just ask here while I'm logged in

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March 27, 2012, 05:32:58 PM
 #128

Could you please give some pic? So happy to hear this.

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Glasswalker
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March 27, 2012, 05:38:08 PM
 #129

I don't have pics of the rig running, if you like there is a thread on our forums at http://forum.btcsyn.com/viewtopic.php?f=6&t=52 which has more pics. I still have some cable cleanup to do before I consider it "done". For now it's running stable, but I want to give it a bit of a burn-in test. Before I finish the case off and consider it done (for now).

Here is one of the pics of it on my workbench before I put it in the rack (this has the old (bad) motherboard on it, and the old USB hubs) but it shows how the cabling is run right now, I'll be removing the motherboard and re-arranging the cables to make it more neat and clean. (and improve airflow). I'll take more pics once that is done.


Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
Glasswalker
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March 28, 2012, 04:06:52 PM
 #130

2 New motions are posted. Please see http://forum.btcsyn.com/viewforum.php?f=8 for details.

And pop over to GLBSE and vote ASAP!

Thanks!

Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
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March 28, 2012, 05:46:35 PM
 #131

2 New motions are posted. Please see http://forum.btcsyn.com/viewforum.php?f=8 for details.

And pop over to GLBSE and vote ASAP!

Thanks!

Wait on the voting, I'm currently fixing a bug, caused because in some instances we divide by zero.

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Nefario
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March 28, 2012, 05:50:20 PM
 #132

OK, bug fixed, carry on voting.

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mila
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March 28, 2012, 06:21:49 PM
 #133

OK, bug fixed, carry on voting.

what time zone are you in? here's probably fixed -1h
; )
I'll retry every 10 min or so to see is up again and edit here

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March 28, 2012, 06:59:50 PM
 #134

OK, bug fixed, carry on voting.

what time zone are you in? here's probably fixed -1h
; )
I'll retry every 10 min or so to see is up again and edit here

I'm in a hotel in Riga, Latvia right now. I was giving a presentation to some bankers at a card payment conference yesterday and today.

But I don't have an official timezone, I'm on a kind of rolling clock really, I work until I can't anymore, sleep, repeat. Sometimes I even wash Tongue

PGP key id at pgp.mit.edu 0xA68F4B7C

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mila
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March 28, 2012, 07:08:29 PM
 #135

@Glasswalker, did you type the end date for the vote in ISO format or the US way? the motions 2 & 3 look closed / expired to me.
to play it safe, could the next motions end 4/4 ; )

@Nefario enjoy the trip!

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Glasswalker
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March 28, 2012, 07:18:37 PM
 #136

Yeah I think I did the same thing as I did in the posts, put march instead of april. Ugh... I'll email nefario and see if he can correct the dates on them

Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
mila
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March 28, 2012, 07:29:31 PM
 #137

Yeah I think I did the same thing as I did in the posts, put march instead of april. Ugh... I'll email nefario and see if he can correct the dates on them


why not to create new motions?

the old ones can not be accessed unless you guess the url and even if you do, can't vote

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Glasswalker
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March 28, 2012, 07:32:15 PM
 #138

Mainly because then I'd need to go around and adjust all the posts to refer to the new motion IDs. Also it's sloppy Smiley

If nefario can't do it, I'll go in and create duplicate motions. For now I've emailed Nefario, to see if he can just adjust the date.

Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
Nefario
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March 28, 2012, 07:34:45 PM
 #139

Yeah I think I did the same thing as I did in the posts, put march instead of april. Ugh... I'll email nefario and see if he can correct the dates on them


why not to create new motions?

the old ones can not be accessed unless you guess the url and even if you do, can't vote


Mila, you'll find on each assets page a link to old motions and their results.

Glasswalker, just create a new motion, for the date say:
x days from now
where x is the number of days(actual numeric  like 1 or 5, not the word).

I'll just delete those two motions.

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mila
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March 30, 2012, 01:02:47 PM
 #140

I found this post from HorseRider evaluating BTCSYN very interesting
https://bitcointalk.org/index.php?topic=74044.msg820353#msg820353

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