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Pierre
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July 12, 2013, 03:04:17 AM |
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Maybe I'm still a little unclear on how the system works, but tiny blocks with a 25BTC reward can't be healthy for BTC in general, can it? That seems like a very small amount of work with a very disproportionate reward attached to it..
There's nothing you can do about this, blocks are found randomly approximately every 10 minutes. Sometimes a block will take 30 minutes and sometimes less than 1 minute. The longer it takes to find a block the more transactions will be in it. It's just the nature of mining. |
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dhenson
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Activity: 994
Merit: 1000
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July 12, 2013, 03:22:28 AM |
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Maybe I'm still a little unclear on how the system works, but tiny blocks with a 25BTC reward can't be healthy for BTC in general, can it? That seems like a very small amount of work with a very disproportionate reward attached to it..
What you aren't understanding is that it doesn't take any more 'work' to complete a block with 1 transaction vs. a block with 100. It's in the miners best interest to include as many fee paying transactions as possible as to maximize profits. |
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VolanicEruptor
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July 12, 2013, 03:24:36 AM |
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it just seems unbalanced, and not as efficient as it could be, as far as the blockchain system is concerned...
I guess there's no way around this though..
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dhenson
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July 12, 2013, 03:35:46 AM |
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it just seems unbalanced, and not as efficient as it could be, as far as the blockchain system is concerned...
I guess there's no way around this though..
In general a miner will include all blocks he knows about at the time. If he isn't well connected and doesn't 'hear' the transactions, then he can't include them in the block. Miners wouldn't leave fee paying transactions on the table. |
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Pierre
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July 12, 2013, 03:46:50 AM |
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Vycid
Sr. Member
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♫ the AM bear who cares ♫
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July 12, 2013, 04:27:55 AM |
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Hello all, Here's the first pictures of the half million Avalon chips that will be shipping shortly. http://imgur.com/a/GR0e3Cheers. (By the way, I am buying 90d puts at a strike of 3.2 for 0.3.) |
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Melbustus
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Merit: 1003
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July 12, 2013, 04:36:07 AM |
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Here's the first pictures of the half million Avalon chips that will be shipping shortly.
That works out to about 150TH, right? |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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velacreations
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July 12, 2013, 04:37:05 AM |
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will be shipping shortly.
shortly? as in, September? meanwhile, blades aren't even for sale, and we've already sold 300+ (.01+/share). |
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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July 12, 2013, 04:49:45 AM |
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Here's the first pictures of the half million Avalon chips that will be shipping shortly.
That works out to about 150TH, right? Assuming most people do not overclock. The chips are nominally 282 MH/s each, but have been demonstrated to go up to 400 MH/s each. 0.282 * 500000 = 141000 GH/s. will be shipping shortly.
shortly? as in, September? meanwhile, blades aren't even for sale, and we've already sold 300+ (.01+/share). As in a week. Those chips are in hand and ready to ship. The lead time Avalon announced was 8-10 weeks and it is now week 9. Article from TGB predicts the total shipment may reach 1 petahash (I seriously doubt it). http://thegenesisblock.com/latest-shipment-of-avalon-asics-could-increase-network-hashrate-by-500/ |
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rudrigorc2
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Merit: 1000
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July 12, 2013, 04:59:12 AM |
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Batch3 needs to be delivered in order to deliver chips. And apparently that will be done really quick.
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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July 12, 2013, 05:03:08 AM |
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Batch3 needs to be delivered in order to deliver chips. And apparently that will be done really quick.
Where did you see that? All announcements from Yifu have seemed to indicate the opposite - the chips will ship BEFORE batch 3. |
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friedcat (OP)
Donator
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Merit: 1005
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July 12, 2013, 05:26:45 AM |
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Security Notice
Please trade ASICMINER shares via third-party escrow. There have been a significant double-sellings of shares so far.
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ArcticWolf
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July 12, 2013, 05:28:45 AM |
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Security Notice
Please trade ASICMINER shares via third-party escrow. There have been a significant double-sellings of shares so far.
Get John! |
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🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
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Activity: 1316
Merit: 1043
👻
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July 12, 2013, 05:29:51 AM |
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Or passthroughs.
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ThickAsThieves
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July 12, 2013, 05:30:50 AM |
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In case anyone didn't already know, I provide escrow services for AM trades only.
Fees are .5btc or .5%, whichever is greater.
It's a small price to pay to be safe. I have dealt in thousands of btc worth of AM shares without a problem.
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Franktank
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July 12, 2013, 05:31:11 AM |
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Security Notice
Please trade ASICMINER shares via third-party escrow. There have been a significant double-sellings of shares so far.
Get John! +1 Can't really find anyone more trusted than John |
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dhenson
Legendary
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Activity: 994
Merit: 1000
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July 12, 2013, 05:38:33 AM |
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I think the fact that people have entrusted Dooglus with 36,818 bitcoin would actually make him the most trusted person on the forums currently...  But in all seriousness, I don't know why people seem to pass TaT over for Escrow services. I've used him for a purchase of 25 shares, he was fast and professional. edit... besides friedcat of course. |
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Pierre
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July 12, 2013, 05:42:20 AM |
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+1
Can't really find anyone more trusted than John
He is expensive though. Is TAT cheaper? |
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msm595
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July 12, 2013, 06:01:01 AM |
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+1
Can't really find anyone more trusted than John
He is expensive though. Is TAT cheaper? 3 posts above: In case anyone didn't already know, I provide escrow services for AM trades only.
Fees are .5btc or .5%, whichever is greater.
It's a small price to pay to be safe. I have dealt in thousands of btc worth of AM shares without a problem.
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rudrigorc2
Legendary
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Activity: 1064
Merit: 1000
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July 12, 2013, 06:21:58 AM |
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Batch3 needs to be delivered in order to deliver chips. And apparently that will be done really quick.
Where did you see that? All announcements from Yifu have seemed to indicate the opposite - the chips will ship BEFORE batch 3. well, from the latest newsletter: The chips is scheduled to start delivering mid-july in order which they were purchased. Batch three starts shipping mid-july, expected to finish within 2 weeks as there is no order issues unlike batch #2 |
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