ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Trillian]

Shares rapidly becoming more valuable, glad I bought a dozen at 1.25. This is going to be a good investment.

[ineededausername]

6 TH/s on Bitminter

[SmiGueL]

6 TH/s on Bitminter

That means:

20+ TH/s total!  

1000+ BTC/day!  

[JimiQ84]

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

[aahzmundus]

Is this an issue?  Like, if bitminter thinks the blocks are stale, is there a risk of them becoming stale?  Or are there any other risks?  Or is it just sloppy code, but not an issue to returns.

[JimiQ84]

Is this an issue?  Like, if bitminter thinks the blocks are stale, is there a risk of them becoming stale?  Or are there any other risks?  Or is it just sloppy code, but not an issue to returns.

just sloppy code, it only delays payment from pool to AM's wallet. I noticed it few days ago, but there never been more than 1 stale new blocks. It happend today because of high luck and rising hashrate.

[organofcorti]

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

[kano]

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

I'm sorry - I gotta ask ... WTF are you talking about?

[tomish]

I know there is already a Google spreadsheet for ASICMINER, but I made one that auto-updates every 15 minutes and thought it might be useful to some people

https://docs.google.com/spreadsheet/ccc?key=0AvEf3i8Bsx5BdFYyU1E4Tl9vd2ZnOTBsZ201bjJwUUE#gid=1

Am planning to add stuff like dividend and share price fluctuations on there also

[friedcat]

Update

A lot of great thing happened last week. We wiped over the obstacles (infrastructure and paperwork) on deploying and put a lot of our available hashrate online. We also did a significant improvement (power, design, appearance) on the USB stick from the sample batch to the production batch.

For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.

[JimiQ84]

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

I'm sorry - I gotta ask ... WTF are you talking about?

this page http://bitminter.com/blocks shows occasionally lots of stale blocks. Nevermind.

[SebastianJu]

Update

A lot of great thing happened last week. We wiped over the obstacles (infrastructure and paperwork) on deploying and put a lot of our available hashrate online. We also did a significant improvement (power, design, appearance) on the USB stick from the sample batch to the production batch.

For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.

You can for sure...

[kokojie]

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

[SebastianJu]

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

I guees the 10% will melt away shortly. Think about the hashpower that is directed to these altcoins now. The coins have to be sold too. So it will put pressure on the price. And so on... Wont work out for long.

[organofcorti]

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

BTCGuild only has 3% fees, I don't call that outrageous. Plus they pay orphaned blocks and tx fees, so it's a pretty good deal.

[kokojie]

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

I guees the 10% will melt away shortly. Think about the hashpower that is directed to these altcoins now. The coins have to be sold too. So it will put pressure on the price. And so on... Wont work out for long.

You know how funny your argument is right? Think about the hashpower that is directed to Bitcoin now, the coins have to be sold too, so it will put pressure on the price?

[kokojie]

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

BTCGuild only has 3% fees, I don't call that outrageous. Plus they pay orphaned blocks and tx fees, so it's a pretty good deal.

3% PPLNS, 7.5% PPS is outrageous, can you find me 3 pools that charges more for PPLNS or PPS? you can't, so BTCGuild is charging the top 3 fee in all crypto land, plus they have economy of scale, so they make a lot more than everybody else. Therefore, outrageous.

[organofcorti]

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

BTCGuild only has 3% fees, I don't call that outrageous. Plus they pay orphaned blocks and tx fees, so it's a pretty good deal.

3% PPLNS, 7.5% PPS is outrageous, can you find me a pool that charges more? including any alt coin pool? no you can't, so BTCGuild is charging the highest fee in all crypto land. Therefore, outrageous.

3% PPLNS is not outrageous, it's standard. Not all pools pay tx fees and orphaned blocks. Orphaned blocks are worth an additional 1% to miners and tx fees another ~ 2%.

There's no point bringing up the PPS fee. Apart from the fact it was introduced to help reduce BTCGuild's proportion of the network, ASICMiner is mining on PPLNS so it has no  bearing on our discussion.

[VeeMiner]

if there is a pool discussion - just go for slush's pool, it's really good

[John (John K.)]

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

BTCGuild only has 3% fees, I don't call that outrageous. Plus they pay orphaned blocks and tx fees, so it's a pretty good deal.

3% PPLNS, 7.5% PPS is outrageous, can you find me 3 pools that charges more for PPLNS or PPS? you can't, so BTCGuild is charging the top 3 fee in all crypto land, plus they have economy of scale, so they make a lot more than everybody else. Therefore, outrageous.

I can find you an alt coin pool that charges more fees than that off my head. I've just recently closed a thread and tagged the operator for charging a 100% fee without telling his users. 

That said, friedcat should consider going solo in the near future.