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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914570 times)
darrenyu
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August 28, 2013, 10:26:59 AM
 #12001

Guys, I missed this, what with labcoin panic? Was there some news to trigger this? Looks good to me hehe  Smiley

activemining seems to dip right now on btct, any possible link with labcoin panic?


Labcoin panic due to no news and no chip on 8/26 they promise.
There should be website update and news about chip of Labcoin.
I think ASICMINER is the No1 and safe investment.

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BitCsByBit
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August 28, 2013, 10:30:04 AM
 #12002

Guys, I missed this, what with labcoin panic? Was there some news to trigger this? Looks good to me hehe  Smiley

activemining seems to dip right now on btct, any possible link with labcoin panic?


Labcoin panic due to no news and no chip on 8/26 they promise.
There should be website update and news about chip of Labcoin.


Labcoin has posted an update.

Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
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August 28, 2013, 10:30:44 AM
 #12003

Guys, I missed this, what with labcoin panic? Was there some news to trigger this? Looks good to me hehe  Smiley

activemining seems to dip right now on btct, any possible link with labcoin panic?


Labcoin panic due to no news and no chip on 8/26 they promise.
There should be website update and news about chip of Labcoin.
I think ASICMINER is the No1 and safe investment.

Well now super buy in on news so left the post in speculation
SebastianJu
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August 28, 2013, 10:35:21 AM
 #12004

One thing that everyone should realize that its in Friedcat's interest for the share price to decrease significantly right before rolling out a 2nd generation of hardware or products. Why? Because he is the only person that knows exactly what the company is planning to do AND while he cannot sell his existing shares without those actions being known (via the blockchain), he can buy cheaply from others much more anonymously.

In other words, if you're Friedcat and you know the plans for the next 6 months or so, you can increase your company ownership much easier by first withholding dividends and / or newly purchased hardware for some period of time, then purchasing additional shares (on whatever market) at a reduced price. This is insider trading, but since this is a virtual market, there is no protection against it.

I'm not accusing Friedcat of anything, I'm simply explaining a consequence of the current market. I'm here for the dividends, the share price has lost 50% of its value, and it would take over 18 months for reduced dividends to make up the difference, but at the company's current valuation, I'm much more of a buyer than a seller.

Friedcat never showed any sign of moral lowness and he had many chances. At the moment he is probably the person i trust the most in bitcoin ventures. On top he always makes the correct decisions.

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
supert
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August 28, 2013, 11:12:14 AM
 #12005

Difficulty has generally followed price whenever price has increased (though not necessarily when price has decreased). This makes sense intuitively because an increase in price increases the viability of mining up and until the subsequent increasing difficulty then reduces the viability of mining.

However, the current exponentially growing rate of difficulty is driven both by the order of magnitude increase in BTC / fiat and by the (multiple) order of magnitude increases in hashing rate from the use of ASICS. This may prove to be the fastest increase in difficulty that Bitcoin ever goes through.

Whats never been clear however is that the increases in difficulty then eventually result in further increases in the BTC / fiat rate. In fact, the opposite has been true with Litecoin, where difficulty increased until it wasn't sufficiently viable and then decreased slightly, while the price of LTC itself has been steadily decreasing since April. This is actually very similar to what happened to BTC in fall 2011.

Regarding the price spike, BTC is up across the board by at least 20% in the last 5 weeks (discounting gox). It seems there is growing consensus that the BTC price bubble has finally ended, and given its relative magnitude to the 2011 summer bubble, its very possible that it has. More interesting (to me) is that the exponential growth in difficulty has nearly doubled the temporary BTC inflation rate for a period of now nearly 3 months. That will (obviously) not continue over any substantial period of time for reasons that should be self evident.  

Think about what that means for what is to come. I know what I'm doing.

I noticed the same mechanisms. The 2011 price bubble also coincided with the GPU mining coming on line. However I think the supply from miners and demand from commerce is minimal compared with investment supply/demand. Bitcoin prices like gold in that regard.
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August 28, 2013, 11:16:54 AM
 #12006

Somebody offered us 200BTC in fees in the last block  Grin
http://blockchain.info/tx/4ed20e0768124bc67dc684d57941be1482ccdaa45dadb64be12afba8c8554537

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
hcburger
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August 28, 2013, 11:19:37 AM
 #12007

Quote

Nice!
I wonder how/why that happened.
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August 28, 2013, 11:21:36 AM
 #12008

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Nice!
I wonder how/why that happened.

In a transaction, the fee is just the difference between the amount in inputs, and the amount in outputs, it is not a number explicitly written anywhere. A mistake can happen when you build a transaction "by hand", usually using your own lines of code that have a bug somewhere.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
joele
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August 28, 2013, 11:21:59 AM
 #12009

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Nice!
I wonder how/why that happened.

Easy 200 bitcoin

edit: probably forgot to add the period,  00200
binaryFate
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August 28, 2013, 11:27:52 AM
 #12010

With one more '0', it would have been significant on dividends  Smiley

Probably the poor programmer responsible for the mistake will try to contact AM. Some pool operators have kindly returned the amount or a part of it in similar situations.
I hope for him honestly: it's a 25,000$ mistake, and maybe it's not even his money.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
Mutated btc
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August 28, 2013, 11:30:27 AM
 #12011

Quote

Nice!
I wonder how/why that happened.

In a transaction, the fee is just the difference between the amount in inputs, and the amount in outputs, it is not a number explicitly written anywhere. A mistake can happen when you build a transaction "by hand", usually using your own lines of code that have a bug somewhere.

i dont understand XD

is it like AM owns that 200 btc?
bbxx
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August 28, 2013, 11:32:00 AM
 #12012

https://bitcointalk.org/index.php?topic=282867.0

BLADES for 3.5 BTC Smiley

KNC/BITFURY killed Wink
binaryFate
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August 28, 2013, 11:36:34 AM
 #12013

Quote

Nice!
I wonder how/why that happened.

In a transaction, the fee is just the difference between the amount in inputs, and the amount in outputs, it is not a number explicitly written anywhere. A mistake can happen when you build a transaction "by hand", usually using your own lines of code that have a bug somewhere.

i dont understand XD

is it like AM owns that 200 btc?

The fees of a transaction goes to the miner of the block into which it is included, so yes AM owns that 200BTC because they mined this block.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
joele
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August 28, 2013, 11:38:16 AM
 #12014

Quote

Nice!
I wonder how/why that happened.

In a transaction, the fee is just the difference between the amount in inputs, and the amount in outputs, it is not a number explicitly written anywhere. A mistake can happen when you build a transaction "by hand", usually using your own lines of code that have a bug somewhere.

i dont understand XD

is it like AM owns that 200 btc?

The fees of a transaction goes to the miner of the block into which it is included, so yes AM owns that 200BTC because they mined this block.

He can ask AM to return the excess fee if sent by mistakes
binaryFate
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August 28, 2013, 11:40:03 AM
 #12015

https://bitcointalk.org/index.php?topic=282867.0

BLADES for 3.5 BTC Smiley

KNC/BITFURY killed Wink

Wow huge price drop! This is awesome news!!!

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
Dexter770221
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August 28, 2013, 11:42:03 AM
 #12016

https://bitcointalk.org/index.php?topic=282867.0

BLADES for 3.5 BTC Smiley

KNC/BITFURY killed Wink
Less BTC for dividends Sad

Bitfury draws 8 times less power, and device with 4 bitfury chips (2,5GH/s each) would cost <300$ so it's definitevly not killed.
https://bitcointalk.org/index.php?topic=266235.0

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
supert
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August 28, 2013, 11:45:04 AM
 #12017


Bitfury 400G is still cheaper and will get cheaper still if BTC rises.

But... it does not ship until October at best...

...and AM will have gen 2 out about then...

...and AM will have cleared out its old blades...

conclusion:

bbxx
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August 28, 2013, 11:46:17 AM
 #12018

https://bitcointalk.org/index.php?topic=282867.0

BLADES for 3.5 BTC Smiley

KNC/BITFURY killed Wink
Less BTC for dividends Sad

Bitfury draws 8 times less power, and device with 4 bitfury chips (2,5GH/s each) would cost <300$ so it's definitevly not killed.
https://bitcointalk.org/index.php?topic=266235.0

but device will be in late october
50% roi for bitfurystrikesback offer
San1ty
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August 28, 2013, 11:49:40 AM
 #12019

Looks like AM will be back up to 3.5-4 levels before you can say "Oh... Snap..."

Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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August 28, 2013, 11:59:00 AM
 #12020

https://bitcointalk.org/index.php?topic=282867.0

BLADES for 3.5 BTC Smiley

KNC/BITFURY killed Wink

Wow huge price drop! This is awesome news!!!

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