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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914547 times)
binaryFate
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September 02, 2013, 05:58:37 PM
 #12321

Cool!!  Smiley

I get really pissed with people always screaming that this is for suckers, that prices are too high, etc, in the threads created by FC to announce the hardware.
What's the point? If they want to buy they buy, if they don't want they go somewhere else having a constructive discussion on a different topic rather than this useless complaints.
Maybe FC should lock the hardware announcement threads, don't you think? Then if somebody want to create a discussion about some prices they create a thread of their own, but they wouldn't polute the main one (where FC does not even mention the harware price!).

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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September 02, 2013, 06:04:44 PM
 #12322


nice! But I thought they were going to be USB connectable, no?

Why would you want to plug them in via USB?  These mine on their own... you just plug in ethernet and power and they work.  You would only want a USB connection for simpler ASIC's that cant do all the thinking on their own and need a computer to tell them what the bitcoin network is at, and what to mine.  These blades have all that built into them, you do not need to hook them up to a computer at all.

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September 02, 2013, 06:05:48 PM
 #12323


nice! But I thought they were going to be USB connectable, no?

Why would you want to plug them in via USB?  These mine on their own... you just plug in ethernet and power and they work.  You would only want a USB connection for simpler ASIC's that cant do all the thinking on their own and need a computer to tell them what the bitcoin network is at, and what to mine.  These blades have all that built into them, you do not need to hook them up to a computer at all.

yeah, that actually makes more sense than the USB option...
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September 02, 2013, 07:14:02 PM
 #12324

It is possible,yes.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)
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September 02, 2013, 07:18:10 PM
 #12325

It is possible,yes.
Thanks for this post!  Smiley

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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September 02, 2013, 08:01:51 PM
 #12326

It is possible,yes.
Thanks for this post!  Smiley
You're welcome. Do you need more of these?  Tongue

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)
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September 02, 2013, 10:53:38 PM
 #12327


Nice news.
Friedcat is focused on Wealth creation so his targets are what we should look at. The intermin period between those points is where we speculate Smiley

While the back-plane is compatible with any normal PSUs with its cable-based connector, it also offers a slot for a certain brand of widely available PSUs (Part Number: HP DPS 800GBA or ATSN 7001044-Y000).

Spec: 10GHhash/s guaranteed.
         Rated speed 10.752GHash/s.
         200mm x 160mm in size.
GodHatesFigs
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September 02, 2013, 11:50:24 PM
 #12328

Enjoy your 6% of blocks over the last 4 days - BitFury has eaten your lunch Smiley
Whtwabbit
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September 02, 2013, 11:55:16 PM
 #12329

Bitfury is eating everybody's lunch  Kiss


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"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
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September 02, 2013, 11:55:33 PM
 #12330

Enjoy your 6% of blocks over the last 4 days - BitFury has eaten your lunch Smiley

I lol'd.
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September 03, 2013, 03:57:59 AM
 #12331

Enjoy your 6% of blocks over the last 4 days - BitFury has eaten your lunch Smiley

Let's get him guys!!!
Swordsoffreedom
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September 03, 2013, 04:12:59 AM
 #12332

Enjoy your 6% of blocks over the last 4 days - BitFury has eaten your lunch Smiley

Let's get him guys!!!

Moon units invade the fury base!!!

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Vycid
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September 03, 2013, 04:29:46 AM
 #12333

Anyone got a poisson distribution calculator that can tell me what the odds of 0 blocks in 6 hours at 50 TH is? Probably less than 5%?

http://www.asicminercharts.com/live/

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September 03, 2013, 04:44:20 AM
 #12334

Anyone got a poisson distribution calculator that can tell me what the odds of 0 blocks in 6 hours at 50 TH is? Probably less than 5%?

http://www.asicminercharts.com/live/

what happened? Cry 
maybe, Friedcat is testing and deploying?

reputation is everything.
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September 03, 2013, 04:50:46 AM
Last edit: September 03, 2013, 05:23:06 AM by Vycid
 #12335

Anyone got a poisson distribution calculator that can tell me what the odds of 0 blocks in 6 hours at 50 TH is? Probably less than 5%?

http://www.asicminercharts.com/live/

what happened? Cry  
maybe, Friedcat is testing and deploying?

I have no idea.

http://blockchain.info/blocks/ASICMiner

As of this moment, it has been 7.5 hours since the last discovered block.

A back-of-the-envelope calculation (could someone do this properly, please?) tells me that AM has no less than 7% of the network hash at 50TH. If we assume 6 blocks per hour (I believe there are slightly more), the odds of this no-block streak are less than

(1-0.07) ^ (6*7.5) = 0.0381 ~ 3.81%, so I think it's worthwhile to start paying some attention here.

(If 50TH constitutes 8% of the network hash, that'd be (1-0.08)^(6*7.5) = 0.0235 ~ 2.35%)

EDIT: AM has just discovered a block, after approximately 8 hours since the last.

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September 03, 2013, 05:43:02 AM
Last edit: September 03, 2013, 07:45:23 AM by kano
 #12336

Anyone got a poisson distribution calculator that can tell me what the odds of 0 blocks in 6 hours at 50 TH is? Probably less than 5%?

http://www.asicminercharts.com/live/

what happened? Cry  
maybe, Friedcat is testing and deploying?
A block takes ... on average over a large sample ... X amount of time to find.

For Y TH/s ... X = Difficulty / (Y * 10^12 / 2^32)

However, that is a statistical average ... variance is a LARGE factor in it.

It's not hard to find a block on a pool with a factor of 8 times the expected time, and even on rare occasions 10 times ...

Edit: oops got Difficulty the wrong way around Tongue Fixed Smiley

Pool: https://kano.is - lowest fee PPLNS 3 Days - Most reliable Solo with ONLY 0.5% fee   Bitcointalk thread: Forum
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September 03, 2013, 06:19:04 AM
 #12337

Anyone got a poisson distribution calculator that can tell me what the odds of 0 blocks in 6 hours at 50 TH is? Probably less than 5%?

http://www.asicminercharts.com/live/
I don't have the numbers but I'm pretty sure it's a lot higher than 5%. More like 25%.
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September 03, 2013, 06:29:03 AM
 #12338

I don't know where you got those numbers, but if that is an accurate schedule of Asicminer, we are pretty much fucked.
CoinTerra 2 PetaHashes by December, BitMine will bring 4 Petahashes by March, FastHash and KnCMiner who knows how much more.
CoinTerra and KnC are both already going full throttle using 28nm.

IF AsicMiner doesn't put their shit together bringing a couple of petahashes to the network, even 2 BTC per share will be overpriced.
There is no more reason to be holding back, being the most capitalized company in the bitcoin world, they should be leading this fierce competition.

Cointerra - doesn't have anything yet
BitMine - doesn't have anything yet
FastHash - doesn't have anything yet
KnCMiner - doesn't have anything yet

I don't know where is the informatino that CoinTerra and KnC are going full throttle using 28 nm, but I haven't seen proof of such a thing.

Asicminer has already experience with 130 nm chips and the new generation will be produced pretty soon afaik. You should walk before you start running.

Correct me if I'm wrong in anything



There is also Avalon, BitFury and BFL.

Cointerra founders claim they have previous experience in 28nm fab.

That is correct. Ravi Iyengar (CoinTerra lead) was a big shot at Samsung (CPU Lead Architect at Samsung Austin Research Center). The star power is even greater on CoinTerra's advisory board - their chairman, Naveed Sherwani, is also the chair of the Global Semiconductor Association Technical Steering Committee.

http://www.anandtech.com/show/7246/the-rush-to-bitcoin-asics-ravi-iyengar-launches-cointerra

http://arstechnica.com/business/2013/08/chip-veterans-form-new-startup-will-sell-high-end-bitcoin-miner-for-16000/

Even more important than the experience is the industry connections. Nothing gets done without knowing the right people.

There is no need to have so many big shots in bitcoin mining industry, which only increases the cost. Several smart heads can do the job pretty well.

Firedcat has proved himself and his teammates to be smart enough to do the job well. No other bureaucrats are needed.
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September 03, 2013, 06:31:39 AM
 #12339

Anyone got a poisson distribution calculator that can tell me what the odds of 0 blocks in 6 hours at 50 TH is? Probably less than 5%?

http://www.asicminercharts.com/live/

I don't think you should sit behind your table and hit F5 and watch if there is a new block. The luck/variance is a very big factor. You should realize that the luck is only eliminated in a very long timeframe, that being 14 days+. I for example mine at Slush's pool (Which is usually around 10 percent of the whole network) and I have seen such streaks of bad luck - even 17 hours with no block found. Then there were five block found in 15 minutes. That's just the way it works. If the market is so irrational and bases the buy/sale of AM shares on the luck in last 6 hours, then that's another thing. It seems to me however that the weak hands were already shaken off and now we're stable around 2.5BTC. The share price will probably start rising again after the new chips are developed. I think there will be weeks now with pretty weak dividends and pretty low share prices... All of that said I don't plan on selling any of my shares Smiley
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September 03, 2013, 06:34:20 AM
 #12340

I don't know where you got those numbers, but if that is an accurate schedule of Asicminer, we are pretty much fucked.
CoinTerra 2 PetaHashes by December, BitMine will bring 4 Petahashes by March, FastHash and KnCMiner who knows how much more.
CoinTerra and KnC are both already going full throttle using 28nm.

IF AsicMiner doesn't put their shit together bringing a couple of petahashes to the network, even 2 BTC per share will be overpriced.
There is no more reason to be holding back, being the most capitalized company in the bitcoin world, they should be leading this fierce competition.

Cointerra - doesn't have anything yet
BitMine - doesn't have anything yet
FastHash - doesn't have anything yet
KnCMiner - doesn't have anything yet

I don't know where is the informatino that CoinTerra and KnC are going full throttle using 28 nm, but I haven't seen proof of such a thing.

Asicminer has already experience with 130 nm chips and the new generation will be produced pretty soon afaik. You should walk before you start running.

Correct me if I'm wrong in anything



There is also Avalon, BitFury and BFL.

Cointerra founders claim they have previous experience in 28nm fab.

That is correct. Ravi Iyengar (CoinTerra lead) was a big shot at Samsung (CPU Lead Architect at Samsung Austin Research Center). The star power is even greater on CoinTerra's advisory board - their chairman, Naveed Sherwani, is also the chair of the Global Semiconductor Association Technical Steering Committee.

http://www.anandtech.com/show/7246/the-rush-to-bitcoin-asics-ravi-iyengar-launches-cointerra

http://arstechnica.com/business/2013/08/chip-veterans-form-new-startup-will-sell-high-end-bitcoin-miner-for-16000/

Even more important than the experience is the industry connections. Nothing gets done without knowing the right people.

There is no need to have so many big shots in bitcoin mining industry, which only increases the cost. Several smart heads can do the job pretty well.

Firedcat has proved himself and his teammates to be smart enough to do the job well. No other bureaucrats are needed.

Depends what "do the job well" means.

These guys are going straight for 28nm.

Anyone got a poisson distribution calculator that can tell me what the odds of 0 blocks in 6 hours at 50 TH is? Probably less than 5%?

http://www.asicminercharts.com/live/

I don't think you should sit behind your table and hit F5 and watch if there is a new block. The luck/variance is a very big factor. You should realize that the luck is only eliminated in a very long timeframe, that being 14 days+. I for example mine at Slush's pool (Which is usually around 10 percent of the whole network) and I have seen such streaks of bad luck - even 17 hours with no block found. Then there were five block found in 15 minutes. That's just the way it works. If the market is so irrational and bases the buy/sale of AM shares on the luck in last 6 hours, then that's another thing. It seems to me however that the weak hands were already shaken off and now we're stable around 2.5BTC. The share price will probably start rising again after the new chips are developed. I think there will be weeks now with pretty weak dividends and pretty low share prices... All of that said I don't plan on selling any of my shares Smiley


Yeah - I wasn't refreshing, just opened up that chart webpage and noticed there hadn't been anything in the past 7 hours (statistically significant at 95% confidence). Something showed up an hour afterward so it turned out to be a false alarm.

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