Bitcoin Forum
April 24, 2019, 01:18:12 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 [89] 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3888345 times)
TradeFortress 🏕
VIP
Legendary
*
Offline Offline

Activity: 1134
Merit: 1023


View Profile
February 20, 2013, 04:46:26 AM
 #1761

I confirm this. Please transfer the shares to tradefortress,  please friedcat.
Just a public notice:

Quote
Hello,
I would like to transfer my 69 shares of ASICMINER to TradeFortress after a 24.84 BTC has been transferred to 1D6GzDPbDfZUw9Xs5v9hnXkD6ULx8A85T1.

The shares are with the bitcoin address, 1D6GzDPbDfZUw9Xs5v9hnXkD6ULx8A85T1

-Soutenniza

Thank you Smiley

Still buying ASICMINER shares, PM me!
1556111892
Hero Member
*
Offline Offline

Posts: 1556111892

View Profile Personal Message (Offline)

Ignore
1556111892
Reply with quote  #2

1556111892
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1556111892
Hero Member
*
Offline Offline

Posts: 1556111892

View Profile Personal Message (Offline)

Ignore
1556111892
Reply with quote  #2

1556111892
Report to moderator
1556111892
Hero Member
*
Offline Offline

Posts: 1556111892

View Profile Personal Message (Offline)

Ignore
1556111892
Reply with quote  #2

1556111892
Report to moderator
1556111892
Hero Member
*
Offline Offline

Posts: 1556111892

View Profile Personal Message (Offline)

Ignore
1556111892
Reply with quote  #2

1556111892
Report to moderator
superbit
Hero Member
*****
Offline Offline

Activity: 763
Merit: 500



View Profile
February 20, 2013, 04:58:14 AM
 #1762

Also buying shares that are available, PM me as well.

Thanks,

https://bitfinex.com/?refcode=UInJLQ5KpA <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with the refcode
My feedback thread: Forum thread
mygodpp
Newbie
*
Offline Offline

Activity: 21
Merit: 0



View Profile
February 20, 2013, 07:56:27 AM
 #1763

the site should be Mohe County
niko
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


There is more to Bitcoin than bitcoins.


View Profile
February 20, 2013, 08:22:57 AM
 #1764

the site should be Mohe County
What are you talking about? The site of what?  Mining in cold climate?

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
keystroke
Hero Member
*****
Offline Offline

Activity: 878
Merit: 1005


advocate of a cryptographic attack on the globe


View Profile
February 20, 2013, 01:27:38 PM
 #1765

Network total - 34.437 Thash/s

Looks like the hash rate took a huge leap overnight?

"The difference between a castle and a prison is only a question of who holds the keys."
ShadesOfMarble
Donator
Hero Member
*
Offline Offline

Activity: 543
Merit: 500



View Profile
February 20, 2013, 02:54:40 PM
 #1766

My current prediction for next difficulty is 4,216,232 (+15.5%) - so yes, the network is growing fast.

Review of the Spondoolies-Tech SP10 „Dawson“ Bitcoin miner (1.4 TH/s)

[22:35] <Vinnie_win> Did anyone get paid yet? | [22:36] <Isokivi> pirate did!
SebastianJu
Legendary
*
Online Online

Activity: 2338
Merit: 1030


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
February 20, 2013, 06:23:06 PM
 #1767

Network total - 34.437 Thash/s

Looks like the hash rate took a huge leap overnight?

Im not really sure that its all asicminer because the avalon user thread is quite active at the last time...

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
punin
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500


View Profile WWW
February 20, 2013, 08:24:10 PM
 #1768

I am also selling some ASICMINER shares: https://bitcointalk.org/index.php?topic=144676.0

Head of Product Development
Bitfury Group
www.bitfury.com
lophie
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1000

Unlimited Free Crypto


View Profile
February 21, 2013, 06:29:32 AM
 #1769

I am more interested in the flood of used graphics cards hitting the market soon  Grin

Will take me a while to climb up again, But where is a will, there is a way...
keystroke
Hero Member
*****
Offline Offline

Activity: 878
Merit: 1005


advocate of a cryptographic attack on the globe


View Profile
February 21, 2013, 06:54:24 AM
 #1770

I think we will be getting an update from friedcat tonight.

friedcat can you please tell us the status of the farm. What % is online and what is the timeline for the remaining ASICs to be powered on. Thanks so much for all of your work Smiley

"The difference between a castle and a prison is only a question of who holds the keys."
ineededausername
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


bitcoin hundred-aire


View Profile
February 21, 2013, 07:54:29 AM
 #1771

Speculation

I see 3.4 TH/s on btcguild and approximately 1 TH/s on ozcoin from "anonymous."  If the ozcoin miner is us, we are about 30-40% of the way to full deployment. 

(BFL)^2 < 0
HorseRider
Donator
Legendary
*
Offline Offline

Activity: 1369
Merit: 1001


View Profile
February 21, 2013, 10:43:40 AM
Last edit: February 21, 2013, 10:57:39 AM by HorseRider
 #1772

I think we will be getting an update from friedcat tonight.

friedcat can you please tell us the status of the farm. What % is online and what is the timeline for the remaining ASICs to be powered on. Thanks so much for all of your work Smiley

The full financial statement may not be provided without the help of financial accountant, but some crucial numbers can be provided easily:

Income statement numbers
Total BTC revenue since the beginning of the mining operaton

Balance sheet numbers
The Bitcoin balance
The RMB balance
Debt obligations update: we can see which obligations has been paid, and the new debt we have to pay.

Potential obligations update: the chips of next batch are near ready,  how much money we need to deploy the next batch, a rough estimate is just fine. I guess it will not be a small number.

(Fiat) Cash flow statement numbers
RMB inflows which was converted from Bitcoin since the beginning of mining.

16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
samson
Legendary
*
Offline Offline

Activity: 1680
Merit: 1017


View Profile
February 21, 2013, 12:25:23 PM
 #1773

If you don't launch a trading platform pretty quickly you're going to be inundated with manual transfer requests.

With the price of BTC as it is this need is only going to grow with time.
Jutarul
Donator
Legendary
*
Offline Offline

Activity: 994
Merit: 1000



View Profile
February 21, 2013, 02:42:37 PM
Last edit: February 21, 2013, 03:03:38 PM by Jutarul
 #1774

One interesting aspect of the deployment is the time compression effect due to hashrate acceleration. At 8-9 blocks/hour we're looking at a time compression factor of 30-50%, which reduces the 14 day blockcycle to 9/10 days.

That means that as long as the hashrate accelerates the TOTAL mining reward rate (BTC/day) is artificially increased to 4500-5500BTC/day instead of the 3600BTC/day. Another way of looking at this is that during a single adjustment cycle the PRE-EXISTING hashing power feeds of the 3600BTC/day and the ADDED hashing power feeds exclusively off the 1000BTC-2000BTC/day.

To give an example. Let's assume hashing power is at 24 TH/s and 12 TH/s were deployed additionally at the beginning of an adjustment cycle. The total reward is then:
3600 BTC/day for the 24 TH/s
1800 BTC/day for the 12 TH/s

instead of the naive assumption:
2400 BTC/day for the 24 TH/s
1200 BTC/day for the 12 TH/s

The correction factor here is 600 BTC/day (50%) bonus for the newly deployed hashing power...

ADDENDUM:
Also worth noting is that the time compression is competitive. E.g. assume a second player also adding 12 TH/s AFTER the first one has deployed and the system is equilibrated. Then the total reward is:
3600 BTC/day for the 36 TH/s
1200 BTC/day for the 12 TH/s
( instead of the naive: 2700 BTC/day for the 36 TH/s and 900 BTC/day for the 12 TH/s, thus a 300 BTC/day correction )

Thus the early deployment of ASICMINER is a double win!

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
John (John K.)
Global Troll-buster and
Legendary
*
Offline Offline

Activity: 1260
Merit: 1089


Will read PM's. Have more time lately


View Profile
February 21, 2013, 03:43:55 PM
 #1775

Can we have a confirmation for the location of the IPO? I am not personally invested in ASICMiner, but I am holding escrow for a sizeable chunk of shares.

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

matauc12
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


View Profile
February 21, 2013, 06:22:27 PM
Last edit: February 21, 2013, 07:07:27 PM by matauc12
 #1776

One interesting aspect of the deployment is the time compression effect due to hashrate acceleration. At 8-9 blocks/hour we're looking at a time compression factor of 30-50%, which reduces the 14 day blockcycle to 9/10 days.

That means that as long as the hashrate accelerates the TOTAL mining reward rate (BTC/day) is artificially increased to 4500-5500BTC/day instead of the 3600BTC/day. Another way of looking at this is that during a single adjustment cycle the PRE-EXISTING hashing power feeds of the 3600BTC/day and the ADDED hashing power feeds exclusively off the 1000BTC-2000BTC/day.

To give an example. Let's assume hashing power is at 24 TH/s and 12 TH/s were deployed additionally at the beginning of an adjustment cycle. The total reward is then:
3600 BTC/day for the 24 TH/s
1800 BTC/day for the 12 TH/s

instead of the naive assumption:
2400 BTC/day for the 24 TH/s
1200 BTC/day for the 12 TH/s

The correction factor here is 600 BTC/day (50%) bonus for the newly deployed hashing power...

ADDENDUM:
Also worth noting is that the time compression is competitive. E.g. assume a second player also adding 12 TH/s AFTER the first one has deployed and the system is equilibrated. Then the total reward is:
3600 BTC/day for the 36 TH/s
1200 BTC/day for the 12 TH/s
( instead of the naive: 2700 BTC/day for the 36 TH/s and 900 BTC/day for the 12 TH/s, thus a 300 BTC/day correction )

Thus the early deployment of ASICMINER is a double win!
Although all that is true, I was tempted to believe the naive part would be to NOT know that. Also important to note, whatever you make more is corrected in future difficulties. So you do make that 600btc earlier, but end up with close to the same total once you hit your max TH/s for 1whole difficulty.
friedcat
Donator
Legendary
*
Offline Offline

Activity: 848
Merit: 1001



View Profile
February 21, 2013, 06:24:59 PM
 #1777

Update

Progress
The deploying is on its track. It's slowing down because we have been doing a new round of preparation. The reason why the first 3T went online so quickly, is that we did a lot of work during the unexpected delay of assembling delivery.

We are currently putting all of our hashpower on btcguild. We will split the hashpower (if/when) other major pools make corresponding adaptions to very large workloads in the next week. We tested on other pools but it seems that they had difficulty setting being a bottleneck for such a flood of hashpower at that time.

Self-mining is an option but not emergent plan. Besides having fluctuation and being the target for cyber attack, we do not want to be involved in voting with our portion of the network yet.

The original timeline is to deploy everything before March, but as our next order of wafers are going to be out of fab sooner than expected, the deploying of first and second batch will be closely one by one and we will be busy till all of them are online (and of course will still busy afterwards with new-gen chips).

Financials
The Bitcoin mined from the start are already more than enough to pay the urgent expenses and debts. Dividend payment will start in next Thursday. To avoid the time conflict of trading and dividend payment, please stop/delay the trading requests during Feb 28, 2013, 00:00:00 to Feb 28, 2013, 23:59:59 (forum time) so we can process all of older trading requests before the payment.

And please, make confirmation to me (friedcat on forum, or fnnirvana@gmail.com by mail) after the trade is finished.

The second public financial brief (first one was in last year) will also be given with the dividend payment. Here is what in our mind for achieving the transparency of financials:

Dividend payment: weekly on the blockchain, with the transaction id being public.
Pubic balance sheet: per quarter (fourth a year).
Balance sheet for shareholders: per month, or on demand by board members.
Income and expense details for board members: on demand, after the accountant is ready.
Auditing: sent by board members on demand. Also, professional auditing organizations may be invited in the future when seeking new investments.

Can we have a confirmation for the location of the IPO? I am not personally invested in ASICMiner, but I am holding escrow for a sizeable chunk of shares.
All confirmation letters had been sent more than one month ago. Please check your spam folder if you did not find it. And please PM/mail me if you still could not.

bitfair
Sr. Member
****
Offline Offline

Activity: 362
Merit: 250


View Profile
February 21, 2013, 06:33:52 PM
 #1778

We are currently putting all of our hashpower on btcguild. We will split the hashpower (if/when) other major pools make corresponding adaptions to very large workloads in the next week. We tested on other pools but it seems that they had difficulty setting being a bottleneck for such a flood of hashpower at that time.

Does that mean those large hashers on Ozcoin are someone other than ASICMINER?
DutchBrat
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
February 21, 2013, 06:43:03 PM
 #1779

Does that mean that the trading platform will be online before next Thursday?

If I remember correctly you have stated that the tradin platform would be brought online before the 1st dividend payment...
samson
Legendary
*
Offline Offline

Activity: 1680
Merit: 1017


View Profile
February 21, 2013, 06:55:11 PM
 #1780

Could you please confirm the email address where the share confirmations came from so I can run a search.
Pages: « 1 ... 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 [89] 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 ... 1348 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!