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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914552 times)
freedomno1
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June 24, 2013, 11:11:13 PM
 #8321

CanaryInTheMine is selling USB miners like hotcakes... https://bitcointalk.org/index.php?topic=241414.0

And this is probably just US customers for the most part with the recent reseller agreements friedcat set up...

ASICMINER IS DOOMED SELL YOUR SHARES! (So I can buy them cheep and take in the epic div for this week!)

Sssh aahz XD we got to pretend that theirs no hope here
And some probably will be binary

Ah shoot spoke too soon this is actually real news
Klondike news edited out url the usual vets will know where to reference
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NEWS FLASH!!! NEWS FLASH!!!

My K16 is hashing with 1 chip.

It's not giving a correct result nonce yet but I'm almost 99% sure that's due to errors in precalc code or maybe I'm shifting in word order backwards.

I soldered an ASIC on the board this morning and spent all day twiddling this and that, mostly getting the clock config right. Then bamm I saw something that looked like nonce bits coming out but they were stunted little bits trying desperately to reach high. But the twinkle was enough and I went through the Avalon reference design again to check and realized I'd not used the correct pull-up value for the result lines. Somehow I f'd up and spec'd 100k resistors instead of 470R. So I quickly removed them and soldered in some 1K that I had here. And the bits sprung forth to their full heights. I was totally excited and hopping around my work bench. Even my wife was in to see what the big commotion was about.

So... next step, test the UART receiver, and muck with the send data until the right nonce comes back.

BTW I'm running at half clock b/c no heat sink attached yet. The chip gets slightly warmish to the finger. With only one chip and half clock you have to set the scope trigger and hold the probes for a while until a nonce is found. I counted about 4-8 seconds but of course it depends on what point it is in it's cycle. One chip at half clock (128MHz) would be about 33 seconds for a full sweep.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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lophie
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June 24, 2013, 11:12:25 PM
 #8322

Hmm interesting the Hash dropoff is at the nearly same exact time like last week.

Apparently the server room girl and friedcat are going "steady".

Jokes aside, It is interesting how the share price rose as the hashrate topped new highs even though ASICMINER was very clear about planning to maintain a specific percentage of the network Hashrate. I understand the rise in share price from earlier increase of hash power as ASICMINER was trying to reach that percentage but I don't really understand the last rise of value correlation to hash rate since ASICMINER wasn't trying to significantly rise the controlled hashing power percentage.

Maybe it was undervalued to begin with or it is simply the friedcat effect?

Will take me a while to climb up again, But where is a will, there is a way...
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June 24, 2013, 11:55:11 PM
 #8323

Has anyone got any insight as to why the asicminercharts website say that asicminer hasnt mined any new coins since about 4 hours ago?
velacreations
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June 24, 2013, 11:56:28 PM
 #8324

simply the friedcat effect?
+1 this

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June 25, 2013, 12:03:14 AM
 #8325

Has anyone got any insight as to why the asicminercharts website say that asicminer hasnt mined any new coins since about 4 hours ago?

A watched pot never boils.
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June 25, 2013, 12:12:53 AM
 #8326

Has anyone got any insight as to why the asicminercharts website say that asicminer hasnt mined any new coins since about 4 hours ago?

A watched pot never boils.

lol id have to say there is enough people obsessed with checking those charts that it is always a watched pot Tongue
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June 25, 2013, 12:17:27 AM
 #8327

Has anyone got any insight as to why the asicminercharts website say that asicminer hasnt mined any new coins since about 4 hours ago?

A watched pot never boils.

lol id have to say there is enough people obsessed with checking those charts that it is always a watched pot Tongue

Ha-ha that is actually pretty true I just watch the estimated dividends you guys tell me the hash-rate all the time  Grin
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June 25, 2013, 12:26:01 AM
 #8328

Quote
This is just my opinion, but I don't think AM needs or wants widespread investor awareness. The general public isn't aware of BTC, much less a foreign company mining and selling BTC mining hardware. Presuming Joe investor gets over those concepts, they then get to learn that purchasing shares amounts to using an "entertainment website" with pass-through shares and that "real" shares are maintained by a guy in China with spreadsheet. I really think that this is too much to expect.

Quote
I wasn't saying it to advertise shares, it's to advertise their hardware.  The same thing about a sales site.  Advertising their stocks has no benefit to them, but selling more hardware does.

OK fair enough. I'd still say that it's better for the distributors to do the advertising. Let the parent company do what it does best - desgin, build, sell hardware and mine with it. Everything else is a distraction.

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- Investors should use pass-through shares whenever they think they might hold the shares for less than 90 days or for transactions fewer than 10-20 shares. There are over 100 owners with shares in the single digits and I imagine that this creates extra administrative overhead for AM.
I completely disagree with this.  If it is too much work, then they need to get a better system.  Why should shareholders be inconvenienced because AM has failed to put proper systems in place?  I've seen a number of people offer to help, code or do whatever to get some sort of share system in place, but AM has refused.  They are choosing the current system, not us. 



I stick by my original point - for traders that want to jump in and out of the market, there are PT exchanges which accommodate this. I don't blame AM for not bothering managing an easier exchange mechanism since there are PT exchanges that handle this role and it doesn't benefit the long term shareholders much. At the end of the day, PTs are essentially the same thing as direct shares. In the event of bitfunder or btct failing, friedcat has all of our shareholder records anyway.

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June 25, 2013, 12:31:46 AM
 #8329

Has there been any news as to why Avg 12H Hashrate has dipped to 11.5TH~?

Making Apps and Websites for people. I charge reasonable rates ($30-40/hour in BTC).
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June 25, 2013, 12:35:59 AM
 #8330

Has there been any news as to why Avg 12H Hashrate has dipped to 11.5TH~?

Not sure, but these blocks are probably ASICMINER with a new IP address:
https://blockchain.info/blocks/61.164.151.77
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June 25, 2013, 12:39:55 AM
 #8331

Has there been any news as to why Avg 12H Hashrate has dipped to 11.5TH~?

Not sure, but these blocks are probably ASICMINER with a new IP address:
https://blockchain.info/blocks/61.164.151.77

No those are another pool, Discus Fish or something
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June 25, 2013, 12:47:20 AM
 #8332

In the event of bitfunder or btct failing, friedcat has all of our shareholder records anyway.

no, he doesn't.  he only has the main PT address, not the individual shareholders within the PT.

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June 25, 2013, 01:19:51 AM
 #8333

In the event of bitfunder or btct failing, friedcat has all of our shareholder records anyway.

no, he doesn't.  he only has the main PT address, not the individual shareholders within the PT.

That is incorrect for btct at least. Btct emails a full list of PT shareholders every 12 hours to friedcat - it does this for all offerings as a backup in case the site goes down permanently, for whatever reason.

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June 25, 2013, 01:40:48 AM
 #8334

Dividend this week?

According to these graphs: http://runeks.dk/bitcoin/

0.0116 * (7/6) = 0.0135 (current dividend multiplied by a week over currently mined days)

What's the expected hardware sales? The out of stock announcement was on the 14th and the new USB sales started yesterday, which suggests very little in the way of sales. If there was that would be awesome though. Not expecting much this week. I'll put it at 0.017 which is still good.

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June 25, 2013, 01:42:45 AM
 #8335

I take an hourly backup of bitfunder. So, i'll have it for us in case.

▄█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█▄
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  Website
    Twitter
      Gitlab
      Reddit
    Telegram
Whitepaper
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June 25, 2013, 02:01:07 AM
 #8336

We're BAAAACK!

Eric Muyser
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June 25, 2013, 02:26:05 AM
 #8337

CanaryInTheMine is selling USB miners like hotcakes... https://bitcointalk.org/index.php?topic=241414.0

And this is probably just US customers for the most part with the recent reseller agreements friedcat set up...

ASICMINER IS DOOMED SELL YOUR SHARES! (So I can buy them cheep and take in the epic div for this week!)

Yes and no. The payment is for 400 BTC and who knows if it makes it into this weeks dividends so quickly. Additionally, the current mining wallet is at 5200 BTC. Tomorrow it'll be around 6050 BTC. 400 BTC is a 6.6% bonus and brings the dividend to 0.016 (6450/400000). Epic? Not really but who knows, we'll see. There's got to be more to it than that.

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June 25, 2013, 02:50:00 AM
 #8338

Has anyone got any insight as to why the asicminercharts website say that asicminer hasnt mined any new coins since about 4 hours ago?
Because they didn't find a block from 6/24/2013 20:24:36 UTC until 6/25/2013 0:17:34 UTC.

Code:
humantime blockhash blockheight difficulty
6/24/2013 20:24:36 000000000000007a3d7ccff09fbe0bb6eff6ff1081b258d60301c0b746cc2985 243145 19339258.2723867
6/25/2013 0:17:34 00000000000000361dc567c2cbba2347a4678461efd9d28f409e4e9d84ebc5bb 243172 19339258.2723867
empoweoqwj
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June 25, 2013, 03:12:39 AM
 #8339

CanaryInTheMine is selling USB miners like hotcakes... https://bitcointalk.org/index.php?topic=241414.0

And this is probably just US customers for the most part with the recent reseller agreements friedcat set up...

ASICMINER IS DOOMED SELL YOUR SHARES! (So I can buy them cheep and take in the epic div for this week!)

Yes and no. The payment is for 400 BTC and who knows if it makes it into this weeks dividends so quickly. Additionally, the current mining wallet is at 5200 BTC. Tomorrow it'll be around 6050 BTC. 400 BTC is a 6.6% bonus and brings the dividend to 0.016 (6450/400000). Epic? Not really but who knows, we'll see. There's got to be more to it than that.


epic ya man..who runs this one?*note date and times hmmmm  ..thanks

www.deepfriedcat.com

The guy at the top:

Here, have some stats:
Charts courtesy of SmiGueL
physalis
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June 25, 2013, 03:36:07 AM
 #8340

epic ya man..who runs this one?*note date and times hmmmm  ..thanks

www.deepfriedcat.com

The guy at the top:

Here, have some stats:
Charts courtesy of SmiGueL

Nah, he's not the one running it, he just made the charts. I forgot who runs it though, I'd estimate that info is about 100 pages back in this thread.
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