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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916311 times)
dhenson
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June 20, 2013, 03:29:26 AM
 #7901

Any thoughts as to why it started dropping at the moment BTCGuild mining went to zero?

I have thoughts relating to timing, but am turning over a new leaf and won't air them here.

It's a struggle for me so I've come up with a daily affirmation:

It is for me to decide which companies to invest in.  It is for those that run them to decide how to do so.  Friedcat has proven himself to be above suspicion so I will choose to trust in his ability to safeguard my investment.  And darnit, I'm a good person.

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benm
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June 20, 2013, 03:38:54 AM
 #7902

I haven't looked into this too closely, but all/most of the recent blocks awarded to ASICMINER have a much lower transaction count than those awarded to other miners/pools. Is that a coincidence, is it a consequence of the hardware design, is it somehow indicative of the recent drop in hashrate?

Coincidence. I saw one earlier with 600+ transactions.

Regardless, there is no mechanism in BTC to selectively mine blocks. I.e., you can't mine a 100 transaction block more easily than you can mine a 1,000 transaction block with a given difficulty. This cannot be done by adjusting hashrate either. At a given difficulty, your probability for mining a block is fixed to a certain hashrate over a period of time. A lower hashrate will have a lower probability, and a higher hashrate will have a higher probability.

In short, hashrate and difficulty have nothing to do with the size of the block you mine.

Ian

Hashrate and difficulty are unrelated to number of transactions, but a poorly connected node may show low number of transactions - which may also be a problem when broadcasting blocks! I.e. if two miners find a block almost at the same time, the well-connected node wins the block because it is broadcast more widely.

Not saying that's the case, but a low transaction number could be a signal of a poorly connected node, which could be a disadvantage in a race.

So... the drop in effective hashrate could actually be the result of a DDOS on the ASICMINER node(s)?

It did conveniently stop after the dividend payout - it could be someone trying to manipulate the price, or one of the other pool operators.
bitfair
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June 20, 2013, 03:46:48 AM
 #7903

I haven't looked into this too closely, but all/most of the recent blocks awarded to ASICMINER have a much lower transaction count than those awarded to other miners/pools. Is that a coincidence, is it a consequence of the hardware design, is it somehow indicative of the recent drop in hashrate?

Coincidence. I saw one earlier with 600+ transactions.

Regardless, there is no mechanism in BTC to selectively mine blocks. I.e., you can't mine a 100 transaction block more easily than you can mine a 1,000 transaction block with a given difficulty. This cannot be done by adjusting hashrate either. At a given difficulty, your probability for mining a block is fixed to a certain hashrate over a period of time. A lower hashrate will have a lower probability, and a higher hashrate will have a higher probability.

In short, hashrate and difficulty have nothing to do with the size of the block you mine.

Ian

Hashrate and difficulty are unrelated to number of transactions, but a poorly connected node may show low number of transactions - which may also be a problem when broadcasting blocks! I.e. if two miners find a block almost at the same time, the well-connected node wins the block because it is broadcast more widely.

Not saying that's the case, but a low transaction number could be a signal of a poorly connected node, which could be a disadvantage in a race.

So... the drop in effective hashrate could actually be the result of a DDOS on the ASICMINER node(s)?

It did conveniently stop after the dividend payout - it could be someone trying to manipulate the price, or one of the other pool operators.

It may possibly suggest network issues, but it's a bit of a leap to say DDOS...
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June 20, 2013, 04:52:25 AM
 #7904

I expect friedcat will be posting soon to update us. It is nice to see the hash rate recovering. I would only ask that in the future updates be made more frequently as a matter of company policy in the event of an outage to avoid harming the share price.

So far so good. ASICMINER has exceeded all expectations and I am eager to see what they have in store for us next.

"The difference between a castle and a prison is only a question of who holds the keys."
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June 20, 2013, 04:56:33 AM
 #7905

Any thoughts as to why it started dropping at the moment BTCGuild mining went to zero?

I have thoughts relating to timing, but am turning over a new leaf and won't air them here.

It's a struggle for me so I've come up with a daily affirmation:

It is for me to decide which companies to invest in.  It is for those that run them to decide how to do so.  Friedcat has proven himself to be above suspicion so I will choose to trust in his ability to safeguard my investment.  And darnit, I'm a good person.


yeah! listen to ol' Liberace there!
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June 20, 2013, 05:01:49 AM
 #7906

Any thoughts as to why it started dropping at the moment BTCGuild mining went to zero?

I have thoughts relating to timing, but am turning over a new leaf and won't air them here.

It's a struggle for me so I've come up with a daily affirmation:

It is for me to decide which companies to invest in.  It is for those that run them to decide how to do so.  Friedcat has proven himself to be above suspicion so I will choose to trust in his ability to safeguard my investment.  And darnit, I'm a good person.



Good dhenson, good Smiley

@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
Vycid
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June 20, 2013, 05:07:13 AM
 #7907

Hey all,

Since the price has stabilized some I am pleased to announce I am once again buying ASICMiner puts.  Smiley
~90 day exp, strike of 1.95BTC, and premium of 0.14BTC. BTCT please.


You can either throw 'em up on the market, or PM me first. Looking for up to 18 more contracts.

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June 20, 2013, 05:15:10 AM
 #7908

Hey all,

Since the price has stabilized some I am pleased to announce I am once again buying ASICMiner puts.  Smiley
~90 day exp, strike of 1.95BTC, and premium of 0.14BTC. BTCT please.


You can either throw 'em up on the market, or PM me first. Looking for up to 18 more contracts.
Still interested in those ones from a few days back?

Believing in Bitcoins and it's ability to change the world
Vycid
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June 20, 2013, 05:18:37 AM
 #7909

Hey all,

Since the price has stabilized some I am pleased to announce I am once again buying ASICMiner puts.  Smiley
~90 day exp, strike of 1.95BTC, and premium of 0.14BTC. BTCT please.


You can either throw 'em up on the market, or PM me first. Looking for up to 18 more contracts.
Still interested in those ones from a few days back?

Well, that's not exactly 90 days anymore. I can offer 0.13 if that's OK

freedomno1
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June 20, 2013, 05:19:35 AM
Last edit: June 20, 2013, 05:50:02 AM by freedomno1
 #7910

Hey all,

Since the price has stabilized some I am pleased to announce I am once again buying ASICMiner puts.  Smiley
~90 day exp, strike of 1.95BTC, and premium of 0.14BTC. BTCT please.


You can either throw 'em up on the market, or PM me first. Looking for up to 18 more contracts.
Still interested in those ones from a few days back?

Well, that's not exactly 90 days anymore. I can offer 0.13 if that's OK

No probs puts them up have fun  Wink
Rounded to the perfect satoshi amount

Believing in Bitcoins and it's ability to change the world
davecoin
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June 20, 2013, 05:34:46 AM
 #7911

Shameless plug...

I'm auctioning 50 AM direct shares.

https://bitcointalk.org/index.php?topic=238425.0
JordanL
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June 20, 2013, 05:37:03 AM
 #7912

Everyone ignore that hashrate! The dividend was less than last week... that means the shares are overpriced!! SELL SELL SELL!

(I didn't snag enough below BTC2.8 )
ShroomsKit
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June 20, 2013, 05:38:41 AM
 #7913

very nice!  so...

http://www.asicminercharts.com/live/

Is that first gauge only reflective of the last 24 hours or what??  It still only shows 20TH/s.


I think that's the average from the last 24 hours. In 24 hours from now it then should be quite higher.

Its price is not a very relevant factor in its adoption....
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June 20, 2013, 05:45:16 AM
 #7914

Everyone ignore that hashrate! The dividend was less than last week... that means the shares are overpriced!! SELL SELL SELL!

(I didn't snag enough below BTC2.8 )
Yap, sell sell sell, so I can buy at lower price.
freedomno1
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June 20, 2013, 05:57:25 AM
 #7915

Everyone ignore that hashrate! The dividend was less than last week... that means the shares are overpriced!! SELL SELL SELL!

(I didn't snag enough below BTC2.8 )
Yap, sell sell sell, so I can buy at lower price.

Whistles
Buy Buy Buy so I can sell them really high like 0.32 (0.032 is just too low for this one xd)
Then sell sell sell, so I can buy at lower price  Wink

Go hashrate go!

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JordanL
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June 20, 2013, 07:00:57 AM
 #7916

Everyone ignore that hashrate! The dividend was less than last week... that means the shares are overpriced!! SELL SELL SELL!

(I didn't snag enough below BTC2.8 )
Yap, sell sell sell, so I can buy at lower price.

Whistles
Buy Buy Buy so I can sell them really high like 0.32 (0.032 is just too low for this one xd)
Then sell sell sell, so I can buy at lower price  Wink

Go hashrate go!


You're playing a dangerous game... you don't want to sell at even an historically high price the day before friedcat makes one of his earth-shattering announcements.   Wink
freedomno1
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June 20, 2013, 07:17:05 AM
 #7917

Everyone ignore that hashrate! The dividend was less than last week... that means the shares are overpriced!! SELL SELL SELL!

(I didn't snag enough below BTC2.8 )
Yap, sell sell sell, so I can buy at lower price.

Whistles
Buy Buy Buy so I can sell them really high like 0.32 (0.032 is just too low for this one xd)
Then sell sell sell, so I can buy at lower price  Wink

Go hashrate go!


You're playing a dangerous game... you don't want to sell at even an historically high price the day before friedcat makes one of his earth-shattering announcements.   Wink

I know this is Madness!!!
But this is FriedCat (IA!!!)
(^_^)

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JordanL
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June 20, 2013, 09:32:51 AM
 #7918

Wonder why this week's dividends are a half of last week's?

Is this serious or sarcasm?

If it was meant seriously... ASICMINER stopped selling the Block Eruptor Blades until the improved ones become available in a few weeks, and the hash rate dropped extremely significantly (it now appears to be back up to an all-time high).


I am currently holding 10000 shares, which can be verified at https://blockchain.info/tx/3c07216fce4bd45d0c7d49eabe21a4c137691e481527d0f936b65e49bc7bb7cf by looking up my address: 1KbAD8KU1u6uw6nHSJEYpdZfgQbNbTAkH2

For the life of me, I cannot figure out what good could come from these statements. Best to keep your holdings private or at least discreet IMO. Reminds me of my Dad's buddy from medical school who is always boasting about his safe full of gold and guns when he gets drunk.

I'm sure you know how to protect yourself freedomno1, but it sets a poor example for the naive who may not realize the scammers which lurk on this board.

To fellow recent arrivals to the bitcoin scene, I suggest this approach:
Trust me, I'm poor, nothing to see here, move along  Wink


Newbies should certainly focus on understanding how to protect their wallets before they acquire coins. It's no good to have a million dollars in cash if you are going to spend your time walking around dangerous areas with a sign on your back that says you have it in your pocket.

Personally, I have no concerns about my Bitcoins and/or ASICMINER shares being stolen/hacked/phished or whatever. Not mentioning all the firewalls and virus protection, I almost never have access to more than five or ten Bitcoins at a time without a visit to a safety deposit box at a bank... and when I do that the coins are sent before I leave the bank. My cold wallets were produced with a computer that I built myself, never touched the internet, and has since been destroyed. Someone trying to rob me would get far more from the cash in my wallet than they'd ever get in Bitcoins.

In the words of the least-popular President in US history... bring it on!
freedomno1
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June 20, 2013, 09:43:02 AM
Last edit: June 20, 2013, 10:50:50 AM by freedomno1
 #7919

I am currently holding 10000 shares, which can be verified at https://blockchain.info/tx/3c07216fce4bd45d0c7d49eabe21a4c137691e481527d0f936b65e49bc7bb7cf by looking up my address: 1KbAD8KU1u6uw6nHSJEYpdZfgQbNbTAkH2

For the life of me, I cannot figure out what good could come from these statements. Best to keep your holdings private or at least discreet IMO. Reminds me of my Dad's buddy from medical school who is always boasting about his safe full of gold and guns when he gets drunk.

I'm sure you know how to protect yourself freedomno1, but it sets a poor example for the naive who may not realize the scammers which lurk on this board.

To fellow recent arrivals to the bitcoin scene, I suggest this approach:
Trust me, I'm poor, nothing to see here, move along  Wink


Newbies should certainly focus on understanding how to protect their wallets before they acquire coins. It's no good to have a million dollars in cash if you are going to spend your time walking around dangerous areas with a sign on your back that says you have it in your pocket.

Personally, I have no concerns about my Bitcoins and/or ASICMINER shares being stolen/hacked/phished or whatever. Not mentioning all the firewalls and virus protection, I almost never have access to more than five or ten Bitcoins at a time without a visit to a safety deposit box at a bank... and when I do that the coins are sent before I leave the bank. My cold wallets were produced with a computer that I built myself, never touched the internet, and has since been destroyed. Someone trying to rob me would get far more from the cash in my wallet than they'd ever get in Bitcoins.

In the words of the least-popular President in US history... bring it on!


That quotes going to lurk forever now  Wink
I'll ask for a couple of Golden Pizzas on Jutaruls behalf instead he can cut the tab   Smiley


Or maybe
https://bitcointalk.org/index.php?topic=238330.msg2528660#msg2528660

But I agree newbies should always use and wear protection and always equip a cold wallet and a hot wallet
Also beware of misleading quotes as they haunt you forever XD

If your a miner please be careful as well this goes double for you
https://bitcointalk.org/index.php?topic=238680.0;topicseen
https://bitcointalk.org/index.php?topic=238517.0

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FNG
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June 20, 2013, 10:27:44 AM
 #7920

Looks like AM sorted out their mining operation.

 Grin
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