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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3918532 times)
miTgiB
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May 22, 2013, 04:53:42 PM
 #5581

Show me a conventional mutual fund with dividends equal to Asicminer and I will give you a back rub with a happy ending!

That was never the issue. The issue is facts. I'm merely correcting his statement that not all mutual funds manage billions in assets.

Some mutual funds charge a front-load, transaction fees, or 12b-1 fees. But not all. If you have a brokerage account, you can always take advantage of no-load, no-fee funds. So I'm not sure vortex1878's point reflects "most" funds.

Past and current returns from AM have been stellar. Whether future returns are as good (or better) is pure speculation, or at best an educated guess, just like on Wall Street.

Whether 5% management fee is too much, too little, or just right, is ultimately for the individual investor or the market to decide.

But this discussion is on TAT micro shares, correct, and the management fee is 5% only on the dividends, so the management fee of other funds that charge on total assets under management are not comparable. Also, if you don't wish to pay the 5% fee on dividends, don't buy the TAT vehicle, just that simple, everyone can make their own intelligent choice, but the discussion doesn't belong in this thread, one of the TAT threads would be a more appropriate place.
vortex1878
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May 22, 2013, 04:54:36 PM
 #5582

Show me a conventional mutual fund with dividends equal to Asicminer and I will give you a back rub with a happy ending!

That was never the issue. The issue is facts. I'm merely correcting his statement that not all mutual funds manage billions in assets.

Some mutual funds charge a front-load, transaction fees, or 12b-1 fees. But not all. If you have a brokerage account, you can always take advantage of no-load, no-fee funds. So I'm not sure vortex1878's point reflects "most" funds.

Past and current returns from AM have been stellar. Whether future returns are as good (or better) is pure speculation, or at best an educated guess, just like on Wall Street.

Whether 5% management fee is too much, too little, or just right, is ultimately for the individual investor or the market to decide.

I agree on your point regarding a brokerage account. But I believe buying a TAT 1/100 PT on bitfunder etc. can be more compared to buying a fund in an ordinary custody account, and there you normally pay 5% issue surcharge.
vortex1878
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May 22, 2013, 04:58:04 PM
 #5583

Could this have to do with the bug in bitcoind that caused invalid blocks being generated?

I believe there was a fix for that only yesterday. And maybe ASICMiner have not yet applied that bugfix.

Could somebody who is not a n00b like me please answer my question?
mithrandi
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May 22, 2013, 05:00:29 PM
 #5584

The last unblocked transaction in the chain has 15 confirmations. https://blockchain.info/tx/618364652674551068cff5ce6a9b3889a6836c662c0f28c69c015e12ec6b6a6e

Is it out of the question that blockchain info has a bug?

The next transaction in the chain is this one: https://blockchain.info/tx-index/74252194

One of the inputs to that transaction is https://blockchain.info/tx-index/74245888/0 which is still unconfirmed.

Could this have to do with the bug in bitcoind that caused invalid blocks being generated?

I believe there was a fix for that only yesterday. And maybe ASICMiner have not yet applied that bugfix.

Could somebody who is not a n00b like me please answer my question?

I don't see anything to suggest that this is a problem with invalid blocks, it's just a matter of unconfirmed transactions being used as inputs for other transactions.

aahzmundus
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May 22, 2013, 05:10:53 PM
 #5585

The last unblocked transaction in the chain has 15 confirmations. https://blockchain.info/tx/618364652674551068cff5ce6a9b3889a6836c662c0f28c69c015e12ec6b6a6e

Is it out of the question that blockchain info has a bug?

The next transaction in the chain is this one: https://blockchain.info/tx-index/74252194

One of the inputs to that transaction is https://blockchain.info/tx-index/74245888/0 which is still unconfirmed.

Could this have to do with the bug in bitcoind that caused invalid blocks being generated?

I believe there was a fix for that only yesterday. And maybe ASICMiner have not yet applied that bugfix.

Could somebody who is not a n00b like me please answer my question?

I don't see anything to suggest that this is a problem with invalid blocks, it's just a matter of unconfirmed transactions being used as inputs for other transactions.

Interesting, I have never seen that done before... I knew SOMETHING was up... just not what. If you send me an address I will gladly tip you.

mithrandi
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May 22, 2013, 05:16:00 PM
 #5586

Added an address to my signature Smiley

DeaDTerra
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May 22, 2013, 05:16:40 PM
 #5587

I have yet to receive my dividend.
That is for approximately 18k Shares :8
Makes me a bit worried.
//DeaDTerra
mithrandi
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May 22, 2013, 05:24:01 PM
 #5588

I think once https://blockchain.info/tx/ebcc6b474b80b175cbfe2ac37f7ac5a5e70d2ac673290856b996d06321855013 is included in a block, the rest of the transactions should resolve; this transaction has been unconfirmed for quite a while though, so I wonder if the fee is too low or something like that (36 kB is a pretty large transaction).

AMuppInTime
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May 22, 2013, 05:24:16 PM
 #5589

I can see the satoshis and the div payment transaction. But the div transaction is showing as "unconfirmed"  while both transactions are 2-3 hours old... anyone else seeing this?

DeaDTerra did this ever occur in the past?
DeaDTerra
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May 22, 2013, 05:25:45 PM
 #5590

I can see the satoshis and the div payment transaction. But the div transaction is showing as "unconfirmed"  while both transactions are 2-3 hours old... anyone else seeing this?

DeaDTerra did this ever occur in the past?
I think it happened to me before,
I got the dividend like 12 hours after everyone else.
//DeaDTerra
bitman442
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May 22, 2013, 05:28:32 PM
 #5591

Yeah, I got my Satoshis but not my div. payment yet. One strange thing though, the first time I opened my wallet it gave me an I/O error and closed. Restarted my computer and then it worked fine. Never seen it do that before. I'll check it after work in about 3 hours.
astrolabe
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May 22, 2013, 05:30:44 PM
 #5592

I can see the satoshis and the div payment transaction. But the div transaction is showing as "unconfirmed"  while both transactions are 2-3 hours old... anyone else seeing this?

DeaDTerra did this ever occur in the past?
I think it happened to me before,
I got the dividend like 12 hours after everyone else.
//DeaDTerra

Something similar happened here http://www.reddit.com/r/Bitcoin/comments/1eppnb/48_hour_unconfirmed_transaction_whats_wrong_here/  In the end the transaction vanished
DeaDTerra
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May 22, 2013, 05:31:39 PM
 #5593

I can see the satoshis and the div payment transaction. But the div transaction is showing as "unconfirmed"  while both transactions are 2-3 hours old... anyone else seeing this?

DeaDTerra did this ever occur in the past?
I think it happened to me before,
I got the dividend like 12 hours after everyone else.
//DeaDTerra

Something similar happened here http://www.reddit.com/r/Bitcoin/comments/1eppnb/48_hour_unconfirmed_transaction_whats_wrong_here/  In the end the transaction vanished
It is not unconfirmed.
It is not showing up at all.
I will try to restart the wallet.
//DeaDTerra
BitAddict
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May 22, 2013, 05:38:29 PM
 #5594

Same here, I can see satoshis, but not the dividends.
helixone
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May 22, 2013, 05:42:09 PM
 #5595

I can see the satoshis and the div payment transaction. But the div transaction is showing as "unconfirmed"  while both transactions are 2-3 hours old... anyone else seeing this?

DeaDTerra did this ever occur in the past?
I think it happened to me before,
I got the dividend like 12 hours after everyone else.
//DeaDTerra

Something similar happened here http://www.reddit.com/r/Bitcoin/comments/1eppnb/48_hour_unconfirmed_transaction_whats_wrong_here/  In the end the transaction vanished
It is not unconfirmed.
It is not showing up at all.
I will try to restart the wallet.
//DeaDTerra

If you share the wallet address(es) you have on file with FC, people can help you troubleshoot this. (With the limited info you have shared, it's likely not a local wallet issue.)

-helixone

p.s. - Sharing the wallet addresses would be good for shareholders as well, since they can then verify that the PT shares are backed by real shares, and not stress the delayed divs.
Digigami
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May 22, 2013, 05:45:32 PM
 #5596

My client also is only showing the satoshi TX and not the divs.

Checking my address on blockchain.info I can see the unconfirmed div transaction, so I know it was broadcast and I'm quite certain once it has a single confirmation it will appear in the client. IIRC two weeks ago I had the same thing happen, and it cleared it self up after quite a few hours.
DeaDTerra
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May 22, 2013, 05:49:07 PM
 #5597

I can see the satoshis and the div payment transaction. But the div transaction is showing as "unconfirmed"  while both transactions are 2-3 hours old... anyone else seeing this?

DeaDTerra did this ever occur in the past?
I think it happened to me before,
I got the dividend like 12 hours after everyone else.
//DeaDTerra

Something similar happened here http://www.reddit.com/r/Bitcoin/comments/1eppnb/48_hour_unconfirmed_transaction_whats_wrong_here/  In the end the transaction vanished
It is not unconfirmed.
It is not showing up at all.
I will try to restart the wallet.
//DeaDTerra

If you share the wallet address(es) you have on file with FC, people can help you troubleshoot this. (With the limited info you have shared, it's likely not a local wallet issue.)

-helixone

p.s. - Sharing the wallet addresses would be good for shareholders as well, since they can then verify that the PT shares are backed by real shares, and not stress the delayed divs.
I can find it on blockchain.info, but unconfirmed.
So I guess it is a matter of that me and Friedcat have no connections and hence can't transmit the transaction.
I will have to wait until it is included in a block.
//DeaDTerra
bitman442
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May 22, 2013, 05:51:49 PM
 #5598

I can see the satoshis and the div payment transaction. But the div transaction is showing as "unconfirmed"  while both transactions are 2-3 hours old... anyone else seeing this?

DeaDTerra did this ever occur in the past?
I think it happened to me before,
I got the dividend like 12 hours after everyone else.
//DeaDTerra

Something similar happened here http://www.reddit.com/r/Bitcoin/comments/1eppnb/48_hour_unconfirmed_transaction_whats_wrong_here/  In the end the transaction vanished
It is not unconfirmed.
It is not showing up at all.
I will try to restart the wallet.
//DeaDTerra

If you share the wallet address(es) you have on file with FC, people can help you troubleshoot this. (With the limited info you have shared, it's likely not a local wallet issue.)

-helixone

p.s. - Sharing the wallet addresses would be good for shareholders as well, since they can then verify that the PT shares are backed by real shares, and not stress the delayed divs.


Wouldn't it be a bad idea to share that address? Isn't that the only thing tying the shares to you?
astrolabe
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May 22, 2013, 05:59:21 PM
 #5599


Something similar happened here http://www.reddit.com/r/Bitcoin/comments/1eppnb/48_hour_unconfirmed_transaction_whats_wrong_here/  In the end the transaction vanished
It is not unconfirmed.
It is not showing up at all.
I will try to restart the wallet.
//DeaDTerra

Blockchain info is saying it is unconfirmed.  Specifically on this page https://blockchain.info/tx/9a6608efc8338d707f636594a6b547f849c12e002897e47a37bd5c8b6f994d80
it says 'Very soon' for 'Estimated confirmation time'.  That is what happened in the reddit case I mentioned.  In the reddit case, the guy had used a blockchain info wallet to send the transaction, which is presumably why it could be seen on blockchain info and nowhere else.  I wonder if friedcat used blockchain info to send the transaction too.

If someone has messaged friedcat about this, please could they say so here to save him from getting deluged.
AMuppInTime
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May 22, 2013, 06:00:05 PM
 #5600

ASICMINER as a miner, should have no issue including the transactions into new blocks - the transaction is showing up but no confirmation yet.. which is really 6 inclusion in blocks down the chain (https://en.bitcoin.it/wiki/Confirmation)

Someone please explain to me why they aren't using their position as miner to make sure those transactions are included in the blocks they mine?
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