Bitcoin Forum
November 27, 2022, 02:58:09 AM *
News: Reminder: do not keep your money in online accounts
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 [491] 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914546 times)
ThickAsThieves
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
July 12, 2013, 02:16:38 AM
 #9801

What are you guys talking about?
http://blockchain.info/block-index/398496/0000000000000018c4876d76a2111ee374a0699b6d0ada8d8311f231fb0967df

That transaction only had .0033 in fees.

Sorry, that's what I get for not paying attention!
1669517889
Hero Member
*
Offline Offline

Posts: 1669517889

View Profile Personal Message (Offline)

Ignore
1669517889
Reply with quote  #2

1669517889
Report to moderator
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Pierre
Full Member
***
Offline Offline

Activity: 207
Merit: 100


View Profile
July 12, 2013, 03:00:54 AM
 #9802

ASICMINER just finished a 14 transaction block of 175BTC.  I didn't even know that was possible..

http://blockchain.info/block-index/398497/000000000000000e244383d8c453407dc443255b82b5f3c8220a715f751f80c5

7 transactions and only 66 BTC
VolanicEruptor
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250



View Profile
July 12, 2013, 03:01:09 AM
 #9803

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..

Pierre
Full Member
***
Offline Offline

Activity: 207
Merit: 100


View Profile
July 12, 2013, 03:04:17 AM
 #9804

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.
dhenson
Legendary
*
Offline Offline

Activity: 994
Merit: 1000



View Profile
July 12, 2013, 03:22:28 AM
 #9805

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.
VolanicEruptor
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250



View Profile
July 12, 2013, 03:24:36 AM
 #9806

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..

dhenson
Legendary
*
Offline Offline

Activity: 994
Merit: 1000



View Profile
July 12, 2013, 03:35:46 AM
 #9807

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.
Pierre
Full Member
***
Offline Offline

Activity: 207
Merit: 100


View Profile
July 12, 2013, 03:46:50 AM
 #9808

Vycid
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


♫ the AM bear who cares ♫


View Profile
July 12, 2013, 04:27:55 AM
 #9809

Hello all,

Here's the first pictures of the half million Avalon chips that will be shipping shortly.

http://imgur.com/a/GR0e3

Cheers.

(By the way, I am buying 90d puts at a strike of 3.2 for 0.3.)

Melbustus
Legendary
*
Offline Offline

Activity: 1722
Merit: 1003



View Profile
July 12, 2013, 04:36:07 AM
 #9810


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.
velacreations
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


View Profile
July 12, 2013, 04:37:05 AM
 #9811

will be shipping shortly.
shortly?  as in, September?

meanwhile, blades aren't even for sale, and we've already sold 300+ (.01+/share).

Vycid
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


♫ the AM bear who cares ♫


View Profile
July 12, 2013, 04:49:45 AM
 #9812


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/

rudrigorc2
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000



View Profile
July 12, 2013, 04:59:12 AM
 #9813

Batch3 needs to be delivered in order to deliver chips. And apparently that will be done really quick.
Vycid
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


♫ the AM bear who cares ♫


View Profile
July 12, 2013, 05:03:08 AM
 #9814

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.

friedcat (OP)
Donator
Legendary
*
Offline Offline

Activity: 848
Merit: 1005



View Profile
July 12, 2013, 05:26:45 AM
 #9815

Security Notice

Please trade ASICMINER shares via third-party escrow. There have been a significant double-sellings of shares so far.

ArcticWolf
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile
July 12, 2013, 05:28:45 AM
 #9816

Security Notice

Please trade ASICMINER shares via third-party escrow. There have been a significant double-sellings of shares so far.

Get John!

https://www.crypto-trade.com/ref/arcticwolf Try CryptoTrade.com, a new exchange for trading Currencies and Securities
🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
*
Offline Offline

Activity: 1302
Merit: 1042

👻


View Profile
July 12, 2013, 05:29:51 AM
 #9817

Or passthroughs.
ThickAsThieves
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
July 12, 2013, 05:30:50 AM
 #9818

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.
Franktank
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
July 12, 2013, 05:31:11 AM
 #9819

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
dhenson
Legendary
*
Offline Offline

Activity: 994
Merit: 1000



View Profile
July 12, 2013, 05:38:33 AM
 #9820

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... Wink

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.
Pages: « 1 ... 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 [491] 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 ... 1348 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!