Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]

[TheSeven]

MPBM crashed about an hour ago. Fixed and hashing again.

Huh? I'd be very interested in any details regarding that? I haven't seen it crash in a loooong time, and even if it would, it should manage to automatically recover from most situations...

[Garr255]

You're welcome to take a look at the logs.

[conspirosphere.tk]

Hi, I am subbing the thread since this is my first GLBSE investment.

Just a question: are you sure that Eligius is the best option to mine in?
I experienced a +20% increase in daily income passing from Slush to ABCpool.

[madcoweater]

Hi, I am subbing the thread since this is my first GLBSE investment.

Just a question: are you sure that Eligius is the best option to mine in?
I experienced a +20% increase in daily income passing from Slush to ABCpool.

It is my understanding that he intends to move to p2pool once everything else is running smoothly. Depending on how short/long term mining on Eligius is it might be smart to switch to a different pool though.

[Idzy]

I would reccomend slush for the short term

[TheSeven]

Garrett decided to use Eligius in the short term until things are fully up and running, which I proposed because it's extremely easy to set up (doesn't even need registration), and because it is zero-fee.

In the long term he said he might be going for P2Pool, but we'll have to check if the available infrastructure can handle this efficiently.
I'm already struggling to keep stales <1% for the current Eligius setup, and it would be a whole lot worse with P2Pool, probably requiring a more powerful host PC, which effectively costs us money, and probably wouldn't pay off.

Eligius is probably a good choice until things are settled, and once they are we will evaluate which pool will offer the highest ROI.

[Kluge]

Need cheap shares. Drama, please.

Garr, your ID is fake. In reality, you live in Austria. *f5's GLBSE portfolio*

[HorseRider]

Need cheap shares. Drama, please.

Garr, your ID is fake. In reality, you live in Austria. *f5's GLBSE portfolio*

I need cheap shares, too. I am agree with Kluge. Garr's ID is fake, live in Austria.

[Nefario]

Need cheap shares. Drama, please.

Garr, your ID is fake. In reality, you live in Austria. *f5's GLBSE portfolio*

I need cheap shares, too. I am agree with Kluge. Garr's ID is fake, live in Austria.

You're both wrong...IT'S AUSTRALIA.

[Kluge]

Need cheap shares. Drama, please.

Garr, your ID is fake. In reality, you live in Austria. *f5's GLBSE portfolio*

I need cheap shares, too. I am agree with Kluge. Garr's ID is fake, live in Austria.

You're both wrong...IT'S AUSTRALIA.

Whoa, what? You're now releasing the personal information of asset-creators? Garr, you better start some shit with Nefario (or, as he's better-known in the community, NEFARIOUS!). 

[stochastic]

Need cheap shares. Drama, please.

Garr, your ID is fake. In reality, you live in Austria. *f5's GLBSE portfolio*

I need cheap shares, too. I am agree with Kluge. Garr's ID is fake, live in Austria.

You're both wrong...IT'S AUSTRALIA.

You sure it is not Thailand?

[Nefario]

PATTAYA!!!

[Garr255]

PATTAYA!!!

You got me. I'm Goat's kid.

</falsedrama>

I'm glad to see share prices on the rise

<ontopic>

We're getting substantially less stales now thanks to TheSeven's work on MPBM! (see http://eligius.st/~artefact2/7/15XmWTsyLp6WVMCn52sSTm1tB9NXyP9fRM?autorefresh=1 )

Currently the Eligius pool is being used because of it's freely accessible graphs, consistent payout, and no fee. In the future I think GPUmax (which I'm already accepted to) and an undecided fallback pool will be used, unless someone else points out a way to earn more.

[mila]

PATTAYA!!!

You got me. I'm Goat's kid.

</falsedrama>

and who's the father?


// post #400

[conspirosphere.tk]

Nice to see the discount just after I bought at the top.
Another question, before I decide to double my bet: any estimate about Mhs per share and/or weekly return per share at current difficulty?

[TheSeven]

Nice to see the discount just after I bought at the top.
Another question, before I decide to double my bet: any estimate about Mhs per share and/or weekly return per share at current difficulty?

Should end up being ~1.5MH/s per share.

[Garr255]

^ Yes. And possibly more with future firmwares or expansion.

[Garr255]

Nightshot.

http://dl.dropbox.com/u/9542654/btc/IMG_00000064.jpg

The last six boards have shipped out and should be here either Saturday or next week.

[fizzisist]

Nightshot.

http://dl.dropbox.com/u/9542654/btc/IMG_00000064.jpg

The last six boards have shipped out and should be here either Saturday or next week.

It's a UFO!

[HorseRider]

an off topic discussion.

the mining bond is a very trick financial product. the problem underlines in the option: the issuer have the right to purchase it back. A mining bond should be lower valued to reflect this option that is given to the issuers.

For example, there are 2 kind of securities listed on the GLBSE. A is a mining bond, B is a mining share.

B has the right to both the intangible mining power and the the mining rigs hardware, which mean that if one day the difficulty is becoming severely unfavorable, the shareholders of the B can stop the mining business by sell all the mining rigs. As I was informed, the x6500 and Icarus can be put into other use, so I guess no matter how high the difficulty is (assuming that the ASIC mining is realized),  we can always get away from the mining business with 40%-70% of the initial investment. For example, Cognitive will have 1.5M/shares mining power in a week, and the shareholder will get dividend from this mining power every week while they hold the shares, and if the ASIC is popular that the difficulty is so high that the mining is so profitless,  the shareholder can hope that Garr will sell all the rigs on the secondhand market with a 40%-70% of the initial investment. So the price of the shares cannot fall under half of the IPO price. So a shareholder can assume that they will get the dividend as long as the mining is still profitable and anytime the mining business ends there will be a 40%-70% residual value.

However, A only have the right to the intangible mining power, which will be depreciated as much as the productivity=f(hashrate, difficulty) reflects. and the price may be even only 10% of the initial investment. There is a very possibility that the mining bond investors buy in the shares with a hope that they will have all their investment back within a 12 months but the difficulty rising so fast that their bond soon became so cheap so fast, that before the dividend pays back the investment, the issuer strike the buying-back option and all the investor is at loss.

To hedge such kind of risk in A, or the value of the option given to the issuer of A, with the same level of mining hash rate, a mining bond should be lower valued than a mining share. the length of the price diffidence is depends on the anticipation of the speed of difficulty rising. the buyers of A should be aware of such kind of risk/option, too. They don't take any advantage. they have just taken risks.