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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914075 times)
dhenson
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November 26, 2014, 10:40:49 PM
 #24541


Oh, so the smaller shareholders got shafted then. I think I'm going to start a class-action suit! /s

Thanks for the explanation man--I wonder if AM will boost the divs next time for people like me.

There are many addresses in the spreadsheet with only one share.  When I find myself a minute (I'm currently traveling), I'll update the spreadsheet as John K was kind enough to post the remaining sending address.

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November 27, 2014, 01:24:20 AM
 #24542

Just going to re-confirm that my divs haven't been received on my address. I wonder if its because I only have a single share--is the div big enough to be accepted by the network?
same, I only have ONE direct share. My other one is at havelock (divs received at havelock, not at my direct share)

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November 27, 2014, 03:34:42 AM
 #24543

Just going to re-confirm that my divs haven't been received on my address. I wonder if its because I only have a single share--is the div big enough to be accepted by the network?
same, I only have ONE direct share. My other one is at havelock (divs received at havelock, not at my direct share)

So basically Havelock gets to keep your dividend, since their withdrawal fee is 10x the standard 0.0001 btc that is expected for a transaction now.
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November 27, 2014, 05:47:30 AM
 #24544


We're currently paying Rockminer to allow Havelock to make a profit from the trading of AMHash shares. How does this make any sense from an AM shareholder's perspective?

I told you in the past that AM is indirectly sending part of their profits to the 3rd parties involved. You told me that I eat shit. Ok.

*While I may look that I like to put salt on the would, I am just stating my point of view no matter if it hurts or not and no matter how much shit will you throw at me.

So they retained 60PH of hardware rather than resell it? Why in the world for? Whenever they have a product for sale, buyers line up to pay them more in BTC than than the hardware would ever hope to generate. Sure, it feels good to AM shareholders who can say "our hash rate is X and we'll earn Y BTC over the next 9 moths", which is nice, but had FC put those units up for sale, he could have earned Y * 1.1 BTC for his shareholders as soon as the hardware was sold out, rather than by the time it reaches the end of its useful life.

i should probably shut up... I haven't owned AM shares since BTCT.co shutdown...

Wait until you find out that while they had a lot of hashpower available they preferred to let it sit on shelves instead of starting self-mining.

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November 27, 2014, 07:19:37 AM
 #24545

sure, we had loads of miners sat on the shelves doing nothing...

do you even engage your brain, or you just open your mouth and let the sh!t fall out ?
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November 27, 2014, 08:43:15 AM
 #24546

Just going to re-confirm that my divs haven't been received on my address. I wonder if its because I only have a single share--is the div big enough to be accepted by the network?
Yes, this has been stated before. Divs on one single share are less than tx fee. Earlier someone said you can plug your receiving address into block chain io and see that you are accounted for. Did you try that?

Double checked on blockchain.info, triple checked the confirmation email that transferred my havelock share to direct share. The address checks out--but there's no unconfirmed/confirmed dividends received. I only have one transaction on the address (cold storage transfer in), so I'm sure I didn't miss it. Spooky!

Short explanation: ASICminer tried to send the minimum amount, as it was only for administrative purposes. The minimum amount per output accepted by the network is regulated by the "dust threshold": any output smaller than this threshold, and the transaction will not be accepted (it's considered to be spam).

Unfortunately, there's a very common misconception that this threshold is 5430 satoshis, while in reality it's 5460 satoshis. So ASICminer used the wrong value as dividend in their attempt to send the minimal amount. Doesn't affect you if you have more than one share, obviously.

No idea why they didn't notice their mistake though, as submitting the transaction with a wrong output would fail.
That Laxo Trade spammer is sending 1000 satoshis all the time, all over the place, and none of their tx failed. Some fountains send even lesser amounts.

I don't think that threshold thing happened here - more likely not all shares are connected to the right addresses yet. That's why this div was - to clear out the shareholding status. So, check your address, and if the div is not there, clear that out with FC.
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November 27, 2014, 08:56:31 AM
 #24547

sure, we had loads of miners sat on the shelves doing nothing...

do you even engage your brain, or you just open your mouth and let the sh!t fall out ?

Maybe not finished miners, but you gotta wonder what became of the 60/120PH worth of gen 3 chips that were supposedly produced.
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November 27, 2014, 10:00:42 AM
 #24548

sure, we had loads of miners sat on the shelves doing nothing...

do you even engage your brain, or you just open your mouth and let the sh!t fall out ?

Maybe not finished miners, but you gotta wonder what became of the 60/120PH worth of gen 3 chips that were supposedly produced.


I do not wonder , no.
I know some got sold, some got made into miners, and some chips are waiting for more money to be available to turn them into miners.
All that info is here and on havelock.

No great mystery.
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November 27, 2014, 10:17:09 AM
 #24549

So they are waiting in boxes instead of shelves, is that it?
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November 27, 2014, 10:18:56 AM
 #24550

perhaps they are waiting on cyber monday so they can do a massive sale

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November 27, 2014, 10:35:45 AM
 #24551

Not sure where you want this to lead...

Chips need money to be turned into hashing power.
Hashing power is not left sitting on shelves.
Unused chips yes, but that is a whole different kettle of fish.
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November 27, 2014, 10:45:05 AM
 #24552

sure, we had loads of miners sat on the shelves doing nothing...

do you even engage your brain, or you just open your mouth and let the sh!t fall out ?

Maybe not finished miners, but you gotta wonder what became of the 60/120PH worth of gen 3 chips that were supposedly produced.

With that packaging error FC mentioned (causing chips to 'pop' ?), I'm guessing that most of these mispackaged chips are still in the process of hand-picking and testing.. I wonder what % of 60/120PH is that.
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November 27, 2014, 01:46:00 PM
 #24553

perhaps they are waiting on cyber monday so they can do a massive sale

LOL I think everyone has seen enough of these horrible miners to avoid them.
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November 27, 2014, 02:11:01 PM
 #24554

That Laxo Trade spammer is sending 1000 satoshis all the time, all over the place, and none of their tx failed. Some fountains send even lesser amounts.

I don't think that threshold thing happened here - more likely not all shares are connected to the right addresses yet. That's why this div was - to clear out the shareholding status. So, check your address, and if the div is not there, clear that out with FC.

Laxo is sending 10000 Satoshis as far as I know. What you remember is maybe from before the introduction of the dust threshold in 0.8.2? Faucets and fountains were mostly killed by this, see for example http://bitcoin.lift-institute.com/killing-the-dust/
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November 27, 2014, 02:12:04 PM
 #24555

perhaps they are waiting on cyber monday so they can do a massive sale

LOL I think everyone has seen enough of these horrible miners to avoid them.

i've heard so many stories about unhappy customers who have bought miners which are using these chips. However, i do believe in evolution and I wholeheartedly will welcome the room for improvement. the next few months are going to see some serious changes in the way mining evolves and where I don't believe for one minute that AM is out of the race, I do believe that they have quite a long way to go to recover their standing in the market. Companies are now moving away from the pre-ordering of miners and the crowd-funded method of building batches of hardware, and where i doubt we will have one single 'winner', it is good to see competition in the market as it is that competition which pushes each manufacturer and one another to create a better product for those looking to buy.

personally, i wish AM well and hope that, as a long standing company in this field, can recover their status and bring forwards something which is exciting and unique to ensure we continue to see a competitive edge from all sides of the industry.

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ujka
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November 27, 2014, 02:22:48 PM
 #24556

That Laxo Trade spammer is sending 1000 satoshis all the time, all over the place, and none of their tx failed. Some fountains send even lesser amounts.

I don't think that threshold thing happened here - more likely not all shares are connected to the right addresses yet. That's why this div was - to clear out the shareholding status. So, check your address, and if the div is not there, clear that out with FC.

Laxo is sending 10000 Satoshis as far as I know. What you remember is maybe from before the introduction of the dust threshold in 0.8.2? Faucets and fountains were mostly killed by this, see for example http://bitcoin.lift-institute.com/killing-the-dust/
https://blockchain.info/tx/b30679bf3c688ad8f8b674a25c33399be23234934a488c04b8666f9486c1e5f3
0.00001000 btc, september 2014, long after v0.8.2

many outputs like this, put in a single tx - same way AM sends out divs.
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November 27, 2014, 02:36:31 PM
 #24557

perhaps they are waiting on cyber monday so they can do a massive sale

LOL I think everyone has seen enough of these horrible miners to avoid them.

i've heard so many stories about unhappy customers who have bought miners which are using these chips. However, i do believe in evolution and I wholeheartedly will welcome the room for improvement. the next few months are going to see some serious changes in the way mining evolves and where I don't believe for one minute that AM is out of the race, I do believe that they have quite a long way to go to recover their standing in the market. Companies are now moving away from the pre-ordering of miners and the crowd-funded method of building batches of hardware, and where i doubt we will have one single 'winner', it is good to see competition in the market as it is that competition which pushes each manufacturer and one another to create a better product for those looking to buy.

personally, i wish AM well and hope that, as a long standing company in this field, can recover their status and bring forwards something which is exciting and unique to ensure we continue to see a competitive edge from all sides of the industry.

Honestly if they would reply to us, and even attempt to make it right then no big deal, but they do not bother. If you look at the Prisma thread you see pissed off miners and not 1 single reply to us about it. I understand if they shipped some bad miners and handled it like professionals, but they do not. How can someone sell crappy miners and not even be bothered to reply in the thread or via email?

Edit: I really like the idea of AM: publicly traded and such, but there is no excuse for ignoring customers.
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November 27, 2014, 03:00:45 PM
 #24558

perhaps they are waiting on cyber monday so they can do a massive sale

LOL I think everyone has seen enough of these horrible miners to avoid them.

i've heard so many stories about unhappy customers who have bought miners which are using these chips. However, i do believe in evolution and I wholeheartedly will welcome the room for improvement. the next few months are going to see some serious changes in the way mining evolves and where I don't believe for one minute that AM is out of the race, I do believe that they have quite a long way to go to recover their standing in the market. Companies are now moving away from the pre-ordering of miners and the crowd-funded method of building batches of hardware, and where i doubt we will have one single 'winner', it is good to see competition in the market as it is that competition which pushes each manufacturer and one another to create a better product for those looking to buy.

personally, i wish AM well and hope that, as a long standing company in this field, can recover their status and bring forwards something which is exciting and unique to ensure we continue to see a competitive edge from all sides of the industry.

Honestly if they would reply to us, and even attempt to make it right then no big deal, but they do not bother. If you look at the Prisma thread you see pissed off miners and not 1 single reply to us about it. I understand if they shipped some bad miners and handled it like professionals, but they do not. How can someone sell crappy miners and not even be bothered to reply in the thread or via email?

Edit: I really like the idea of AM: publicly traded and such, but there is no excuse for ignoring customers.

this is the chasm of a divide which separates a good company with a solid future and a bad company with limited time left in the market. It doesn't take much effort to provide good customer service, fix problems and 'make customers whole'. Sitting on their thumbs while the complaints flood in does in no way help towards what AM wants to achieve and should  it all go tits up then it'll be just another fable to pass on to prospective buyers of h/w in this market. As is the all-too-often occurrence, and stories of how people have lost lots of money in the bitcoin mining game Sad

my own personal situation is that I never buy batch 1 h/w from any vendor. I'm cautious, I will always wait to read reviews and see first hand reports on any particular equipment and of course, i missed out in the past on some great opportunities. However, I do think that I have most likely saved myself more money than I have lost by being cautious. Too many h/w companies play on the fact that there are more people who are very keen to be first to make investments and I fear that AM may have done just that.

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binaryFate
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November 27, 2014, 03:46:57 PM
 #24559

That Laxo Trade spammer is sending 1000 satoshis all the time, all over the place, and none of their tx failed. Some fountains send even lesser amounts.

I don't think that threshold thing happened here - more likely not all shares are connected to the right addresses yet. That's why this div was - to clear out the shareholding status. So, check your address, and if the div is not there, clear that out with FC.

Laxo is sending 10000 Satoshis as far as I know. What you remember is maybe from before the introduction of the dust threshold in 0.8.2? Faucets and fountains were mostly killed by this, see for example http://bitcoin.lift-institute.com/killing-the-dust/
https://blockchain.info/tx/b30679bf3c688ad8f8b674a25c33399be23234934a488c04b8666f9486c1e5f3
0.00001000 btc, september 2014, long after v0.8.2

many outputs like this, put in a single tx - same way AM sends out divs.

This is considered dust and not accepted by most miners, but not all. Eligius is ok with it afaik. Funny when luke is so much against ddos/spam (he says).

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
Chris_Sabian
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November 27, 2014, 07:01:19 PM
 #24560

perhaps they are waiting on cyber monday so they can do a massive sale

LOL I think everyone has seen enough of these horrible miners to avoid them.

i've heard so many stories about unhappy customers who have bought miners which are using these chips. However, i do believe in evolution and I wholeheartedly will welcome the room for improvement. the next few months are going to see some serious changes in the way mining evolves and where I don't believe for one minute that AM is out of the race, I do believe that they have quite a long way to go to recover their standing in the market. Companies are now moving away from the pre-ordering of miners and the crowd-funded method of building batches of hardware, and where i doubt we will have one single 'winner', it is good to see competition in the market as it is that competition which pushes each manufacturer and one another to create a better product for those looking to buy.

personally, i wish AM well and hope that, as a long standing company in this field, can recover their status and bring forwards something which is exciting and unique to ensure we continue to see a competitive edge from all sides of the industry.

Honestly if they would reply to us, and even attempt to make it right then no big deal, but they do not bother. If you look at the Prisma thread you see pissed off miners and not 1 single reply to us about it. I understand if they shipped some bad miners and handled it like professionals, but they do not. How can someone sell crappy miners and not even be bothered to reply in the thread or via email?

Edit: I really like the idea of AM: publicly traded and such, but there is no excuse for ignoring customers.

As someone with a bad prisms, I agree 100%.
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