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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914431 times)
lan787
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June 05, 2014, 02:04:22 PM
 #20501

Dividends are expected to be next month then. Did I understand it correctly?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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June 05, 2014, 02:04:44 PM
 #20502

This, I can live with. Much appreciated FC.



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June 05, 2014, 02:06:30 PM
 #20503

Okay, umm... Why aren't that many people buying? Doubts that this is good news?  Undecided

I should have gotten into Bitcoin back in 1992...
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June 05, 2014, 02:08:47 PM
 #20504

Okay, umm... Why aren't that many people buying? Doubts that this is good news?  Undecided


Some are still waking up, I predict. Should be a nice surprise to wake up to given the last few weeks. Minerpumpkin, any chance you want to take a shot at speculating on some numbers now that FC has filled us in on some of the variables? Should be able to give us a cleaner looking crystal ball.
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June 05, 2014, 02:10:12 PM
 #20505

Yes,We love you FC. But we are bankrupted.
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June 05, 2014, 02:11:28 PM
 #20506

Current Network Stats : Speed 81.60 PH/s

A little less than 60P of wafers, most of which are on their final stages of production.

Sweet.Mother.Of.God  Shocked

OK guys, there are our dividends, I told you ! Wink So far the best update ever, thank you Friedcat for taking the time, me personally, I am amazed by this.

That can't be right... How could we possibly have so much PH??

I was guessing ~20PH.
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June 05, 2014, 02:12:39 PM
 #20507

Okay, umm... Why aren't that many people buying? Doubts that this is good news?  Undecided
People too short term cash focused.  Wall St types. Also, they don't understand the report. LOL.

Non-technical coin. Use OZC to intro coins to everyday aussies: http://ozziecoin.com
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June 05, 2014, 02:12:52 PM
 #20508

Thanks FC! Keep up the good work.
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June 05, 2014, 02:13:03 PM
 #20509

First I got to read from Jesus, now even FC is posting. Wow, what a day Grin
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June 05, 2014, 02:13:47 PM
 #20510

A little less than 60P of wafers, most of which are on their final stages of production.

Lemme rephrase that:

A little less than 60% of the current global hashrate, most of which are on their final stages of production.

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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June 05, 2014, 02:14:30 PM
 #20511

Current Network Stats : Speed 81.60 PH/s

A little less than 60P of wafers, most of which are on their final stages of production.

Sweet.Mother.Of.God  Shocked

OK guys, there are our dividends, I told you ! Wink So far the best update ever, thank you Friedcat for taking the time, me personally, I am amazed by this.

That can't be right... How could we possibly have so much PH??

I was guessing ~20PH.


I missed this in the update from him. I too was expecting 20-25PH total. I wouldn't mind having a more detailed explanation so it makes sense. Perhaps this is yet another case of the FC's panache for under-promising and over-delivering?
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June 05, 2014, 02:15:33 PM
 #20512

Yes,We love you FC. But we are bankrupted.
Are we reading the same update?  Huh  

Time to back up the truck Tongue

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June 05, 2014, 02:18:00 PM
 #20513

Yes,We love you FC. But we are bankrupted.
Are we reading the same update?  Huh  

Time to back up the truck Tongue




This is why having liquid BTC on HL waiting for moments of awesomeness such as this is vital. By the time coin makes it over the price will be higher, that is for sure.
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June 05, 2014, 02:18:33 PM
 #20514

Thanks for the answers Smiley 60PH!
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June 05, 2014, 02:18:56 PM
 #20515

Also, how long are direct share transfers expected to take?
realtime
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June 05, 2014, 02:21:03 PM
 #20516

annnndddd there goes Havelock....lol
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June 05, 2014, 02:21:39 PM
 #20517

annnndddd there goes Havelock....lol
Yep, can't login.

Non-technical coin. Use OZC to intro coins to everyday aussies: http://ozziecoin.com
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June 05, 2014, 02:25:05 PM
 #20518

annnndddd there goes Havelock....lol
Yep, can't login.

buy buy buy Cheesy
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June 05, 2014, 02:36:36 PM
 #20519

Current Network Stats : Speed 81.60 PH/s

A little less than 60P of wafers, most of which are on their final stages of production.

Sweet.Mother.Of.God  Shocked

OK guys, there are our dividends, I told you ! Wink So far the best update ever, thank you Friedcat for taking the time, me personally, I am amazed by this.

That can't be right... How could we possibly have so much PH??

I was guessing ~20PH.


I missed this in the update from him. I too was expecting 20-25PH total. I wouldn't mind having a more detailed explanation so it makes sense. Perhaps this is yet another case of the FC's panache for under-promising and over-delivering?

According to Jutarul's update from April 21st:

1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

It appears that 67 PH was projected as the June order size at that time, with 109 PH in total production projected for the three month period.




"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
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June 05, 2014, 02:39:47 PM
 #20520

buy buy buy Cheesy

 Grin Already did. Anyone that has been around the block even once with ASICminer/FC knows there is no panic. Things are lost in translation and in internet forums.

Homo doctus is se semper divitias habet
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