ASICMINER: Entering the Future of ASIC Mining by Inventing It

[mrb]

Bitcoin will soon block small transaction outputs (less than 54.3 uBTC): https://github.com/bitcoin/bitcoin/pull/2577#issuecomment-17138223 This will prevent friedcat from identifying shareholders by sending satoshis (0.01 uBTC). friedcat how do you plan to work around this?

[Jutarul]

Bitcoin will soon block small transaction outputs (less than 54.3 uBTC): https://github.com/bitcoin/bitcoin/pull/2577#issuecomment-17138223 This will prevent friedcat from identifying shareholders by sending satoshis (0.01 uBTC). friedcat how do you plan to work around this?

It's not "blocked". If a significant fee is attached it will get processed - it's a matter of bribe for miners.

[🏰 TradeFortress 🏰]

Miners and nodes who have the updated anti-dust code won't relay or mine those transactions, regardless of what fee you put them AFAIK.

[rdponticelli]

Miners and nodes who have the updated anti-dust code won't relay or mine those transactions, regardless of what fee you put them AFAIK.

With their percentage of the hash power of the network, obviously ASICMINER can mine its own blocks, including its own transactions. They don't need them to be relayed by anybody...

That said, and as I already said before, sending those outputs, even being feasible to ASICMINER, is a really bad idea because damages the overall health of the network.

[SebastianJu]

Miners and nodes who have the updated anti-dust code won't relay or mine those transactions, regardless of what fee you put them AFAIK.

With their percentage of the hash power of the network, obviously ASICMINER can mine its own blocks, including its own transactions. They don't need them to be relayed by anybody...

That said, and as I already said before, sending those outputs, even being feasible to ASICMINER, is a really bad idea because damages the overall health of the network.

Every currency needs the possibility to send small amounts of values. And if there is a minimum fee there is no problem with being feared of attacks because it costs. It shouldnt be a problem to send one satoshi if you add 0.0005BTC fee. I mean if there are many persons that dont want to include this im sure there are many miners that will happily include all these transactions and collect the fee.

Edit: Wow, 18TH: https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=7

[SmiGueL]

Don't know what's happening, but BTCGuild and BitMinter dropping pretty fast  

_{(Maybe poolchange?)}

@Franktank:
I thought the priority was first getting a lot of TH's up, and when al deployed making time for solomining

[Franktank]

Don't know what's happening, but BTCGuild and BitMinter dropping pretty fast 

_{(Maybe poolchange?)}

Perhaps ASICMiner starts solo mine? Friedcat's been mentioning that lately so...

[ineededausername]

Back to 16 TH/s, I don't know what just happened but it went away

[SmiGueL]

Check this out! 

Update

This is a picture showing the relative size to the laptop. One with heatsink and one without.


We also tested it on the USB-hub. Seven in a row run over a whole night and are all very stable.

[davos]

Check this out! 

Update
We also tested it on the USB-hub. Seven in a row run over a whole night and are all very stable.

That's hot.

[ineededausername]

Informal, unofficial update on hashing

I asked friedcat to clarify a few things.
(1) Deployment rate will vary from 3 TH/s - 10 TH/s per week for the next few weeks.
(2) 20% at most of the second batch will be sold, so we will most likely see around 50 TH/s deployed.
(3) Full deployment by June is the plan.
(4) No power or network bottlenecks are expected.
(5) People can stop complaining about centralization because we will be solo-mining within the month.

[JimiQ84]

Informal, unofficial update on hashing

I asked friedcat to clarify a few things.
(1) Deployment rate will vary from 3 TH/s - 10 TH/s per week for the next few weeks.
(2) 20% at most of the second batch will be sold, so we will most likely see around 50 TH/s deployed.
(3) Full deployment by June is the plan.
(4) No power or network bottlenecks are expected.
(5) People can stop complaining about centralization because we will be solo-mining within the month.

wonderful news!

[talnted]

Informal, unofficial update on hashing

I asked friedcat to clarify a few things.
(1) Deployment rate will vary from 3 TH/s - 10 TH/s per week for the next few weeks.
(2) 20% at most of the second batch will be sold, so we will most likely see around 50 TH/s deployed.
(3) Full deployment by June is the plan.
(4) No power or network bottlenecks are expected.
(5) People can stop complaining about centralization because we will be solo-mining within the month.

Thanks ineededausername.. much appreciated.  Exciting info

[daemondazz]

That's hot.

Yeah, without the heatsinks even hotter

[SmiGueL]

That's hot.

Yeah, without the heatsinks even hotter

Well, the new batch will be blue, that will make them much cooler

Thanks ineededausername for the info!

[furuknap]

Informal, unofficial update on hashing

I asked friedcat to clarify a few things.
(1) Deployment rate will vary from 3 TH/s - 10 TH/s per week for the next few weeks.
(2) 20% at most of the second batch will be sold, so we will most likely see around 50 TH/s deployed.
(3) Full deployment by June is the plan.
(4) No power or network bottlenecks are expected.
(5) People can stop complaining about centralization because we will be solo-mining within the month.

Thanks for the update!

.b

[stripykitteh]

Informal, unofficial update on hashing

I asked friedcat to clarify a few things.
(1) Deployment rate will vary from 3 TH/s - 10 TH/s per week for the next few weeks.
(2) 20% at most of the second batch will be sold, so we will most likely see around 50 TH/s deployed.
(3) Full deployment by June is the plan.
(4) No power or network bottlenecks are expected.
(5) People can stop complaining about centralization because we will be solo-mining within the month.

It's good news of course. Excitement needs to be tempered with the realization Avalon will be rolling out some significant kit in the next couple of months. Market share will go up, but we won't get anywhere near 50%, more like 30%. Hardware sales should provide a nice bit of cash flow as well.

[punkideas]

Informal, unofficial update on hashing

I asked friedcat to clarify a few things.
(1) Deployment rate will vary from 3 TH/s - 10 TH/s per week for the next few weeks.
(2) 20% at most of the second batch will be sold, so we will most likely see around 50 TH/s deployed.
(3) Full deployment by June is the plan.
(4) No power or network bottlenecks are expected.
(5) People can stop complaining about centralization because we will be solo-mining within the month.

It's good news of course. Excitement needs to be tempered with the realization Avalon will be rolling out some significant kit in the next couple of months. Market share will go up, but we won't get anywhere near 50%, more like 30%. Hardware sales should provide a nice bit of cash flow as well.

Well we've been hovering around ~20% for the last week, I think we may be higher than 30% for a few weeks and stabilize near 30% until the next major rollout.  Either way, I think ASICMINER is probably in the position to have the largest ownership of hashpower in the forseeable future.

[SebastianJu]

Are there any shares available for purchase anywhere at this point?

https://bitcointalk.org/index.php?topic=188550.0

[furuknap]

C'mon what's wrong with this picture?

friedcat updates with fantastic news, stock prices on PT exchanges plummets. And by plummets, I mean a 10% drop in a week.

Volatility is fine, but except a slightly skeptical price reception on those bees, I have seen positive news only for the previous week. BFL is late as always, Avalon delayed, friedcat responding with perfection to inquiries (including mine)...

We should have started the weekly run-up to Wednesday already, but instead, sellers are popping out from every grain of sand on the beach. On BTCT there's basically no buy support until 1.14-1.15, and if that falls, there's nothing down to 0.9. Meanwhile, the sell side is heavy just a few bitcents above last sale.

More or less same situation on Bitfunder, no buy support of consequence until 1.09ish, with solid support as low as 1.03-1.05. The auction subforum is heavy with sellers of fairly large quantities.

At these levels we're looking at a yield of 28% or more and that's before the new hash rate earnings come in! I know the Bitcoin community loves their risk and all, but almost 30% dividend from a company as solid as ASICMiner? You're not getting 1/10 of that from Apple or Microsoft.

What the heck am I missing here? Is there a "Sorrry lolz we were just kidding about those ASICs lolz" update I haven't seen somewhere?

.b

PS: In case it's not bleeding obvious by now, I am an AM shareholder and I have an interest in seeing a high share price, but right now, I'm more interested in figuring out whether it's the world or me that's gone mad.