ASICMINER: Entering the Future of ASIC Mining by Inventing It

[tinus42]

Does anyone here know of a relationship between ASICMiner and DiscusFish?

I see a clear correlation between their hashrates. While correlation != causation, is DiscusFish maybe renting a percent of ASICMiner's hashrate? Are investors being paid a little extra?

http://www.reddit.com/r/Bitcoin/comments/1i9ts8/is_asicminer_renting_hashes_to_discusfish_and_if/

As I know,they are both chinese,so am i.
And ,that's all.

I'm curious. Are you a PLA officer? As your avatar implies?

[vlaoou321]

Does anyone here know of a relationship between ASICMiner and DiscusFish?

I see a clear correlation between their hashrates. While correlation != causation, is DiscusFish maybe renting a percent of ASICMiner's hashrate? Are investors being paid a little extra?

http://www.reddit.com/r/Bitcoin/comments/1i9ts8/is_asicminer_renting_hashes_to_discusfish_and_if/

As I know,they are both chinese,so am i.
And ,that's all.

I'm curious. Are you a PLA officer? As your avatar implies?

yes, a was

[DiabloD3]

Some old-timey Sunday reading for everyone: http://trilema.com/2012/lolvacute-pentru-posteritate/

Conversation includes conversation in IRC around the time ASICMINER was still trading at .1btc each.

"Ill trade you 2080 asicminer for 4160 obsi.abmo"

I love how troll that is. It ended up being a brilliant move that made quite a lot of money.

[chriswilmer]

I'm not dying to know the answer right now... but someday I'd like to know why ASICMiner doesn't include more transactions in its blocks. If you look at this block:

http://blockchain.info/block-index/398726/000000000000004a96eb5e666d882b238ab2bf5c51f6b3c0cc3eb420517b64a1

You'll notice that it was found a full hour after the previous block... so, 60 minutes worth of transactions were being collected in that time... and yet ASICMiner's block has only 8 transactions. Seems like a lot of missed transaction fees, no? Am I missing something?

[yuchuanzhen]

Does anyone here know of a relationship between ASICMiner and DiscusFish?

I see a clear correlation between their hashrates. While correlation != causation, is DiscusFish maybe renting a percent of ASICMiner's hashrate? Are investors being paid a little extra?

http://www.reddit.com/r/Bitcoin/comments/1i9ts8/is_asicminer_renting_hashes_to_discusfish_and_if/

As I know,they are both chinese,so am i.
And ,that's all.

I'm curious. Are you a PLA officer? As your avatar implies?

No,sir.

[msm595]

I'm not dying to know the answer right now... but someday I'd like to know why ASICMiner doesn't include more transactions in its blocks. If you look at this block:

http://blockchain.info/block-index/398726/000000000000004a96eb5e666d882b238ab2bf5c51f6b3c0cc3eb420517b64a1

You'll notice that it was found a full hour after the previous block... so, 60 minutes worth of transactions were being collected in that time... and yet ASICMiner's block has only 8 transactions. Seems like a lot of missed transaction fees, no? Am I missing something?

I feel like friedcat should check that his node is well connected and receiving transactions. It makes a bad public image, considering the recent blockchain spam and congestion.

[twentyseventy]

I'm not dying to know the answer right now... but someday I'd like to know why ASICMiner doesn't include more transactions in its blocks. If you look at this block:

http://blockchain.info/block-index/398726/000000000000004a96eb5e666d882b238ab2bf5c51f6b3c0cc3eb420517b64a1

You'll notice that it was found a full hour after the previous block... so, 60 minutes worth of transactions were being collected in that time... and yet ASICMiner's block has only 8 transactions. Seems like a lot of missed transaction fees, no? Am I missing something?

I feel like friedcat should check that his node is well connected and receiving transactions. It makes a bad public image, considering the recent blockchain spam and congestion.

Yes, unfortunately the node isn't well connected; it never includes many transactions per block. While I'm a glad investor, it would be nice to see them supporting the blockchain a bit more.

[Vycid]

So what's the best place to buy ASICMINER put options?

BTC-TC only has TWO contracts available. And they both have huge premiums.

Is there something better anywhere?

Put out how many you're looking for, what strike and premium you're looking for and what your time frame is - you'll get people to put them up. Possibly myself included.

Fair request.

I'm looking to buy 20 American style put options with a strike price of 3.0 BTC and a duration of 90 days for 0.25 BTC per contract.

So what's the best place to buy ASICMINER put options?

BTC-TC only has TWO contracts available. And they both have huge premiums.

Is there something better anywhere?

Put out how many you're looking for, what strike and premium you're looking for and what your time frame is - you'll get people to put them up. Possibly myself included.

If anybody has a link that explains how simply as possible how these put options work, please share. I'm a complete layman with this.

An American style put option is a contract that entitles the owner the right, but not the obligation, to sell the specified asset at the specified price (called the strike price) within the specified period.

If it's European style then it's at the expiration date.

I'm tempted I must admit. I'm a bit pushed for time at the moment - how many were you thinking of buying?

Offering .28 per contract at 3.0, 90d. I will pay and have purchased many options already.

Alternatively, if you'd like more return on your frozen assets in exchange for more risk, I'll offer 0.3 for 3.2 (this has been a standing offer).

BTCT only.

[Lohoris]

Does anyone here know of a relationship between ASICMiner and DiscusFish?

I see a clear correlation between their hashrates. While correlation != causation, is DiscusFish maybe renting a percent of ASICMiner's hashrate? Are investors being paid a little extra?

http://www.reddit.com/r/Bitcoin/comments/1i9ts8/is_asicminer_renting_hashes_to_discusfish_and_if/

As I know,they are both chinese,so am i.
And ,that's all.

I'm curious. Are you a PLA officer? As your avatar implies?

yes, a was

I don't understand: why did you answer for him, and why did your answer differ from his?

[SmiGueL]

I created a new temporary page for the dividend prediction:
www.asicminercharts.com/divprediction

Eventually I'll add the meter next to the wallet meter on the live page

Right now it says .01785  Is that right?  How does it figure that?

It looks at AM's mining wallet and divides by 400K . No, read this

So the mining income is projected into the future but the sales income is what has been sold so far?

Exactly

The mining income is 'pretty' steady, and thus a linear extrapolation seems very reasonable..
But if in the first 24h 2.5kBTC of sticks/blades are sold paid it is VERY unlikely that at the end of the week the final amount will be 18kBTC
_{(aka: More income on sales than the highest dividend ever..)}

But I'm kind of 'testing' it right now, if this value seems reasonable I'll add it to the live page

[runeks]

So what's the best place to buy ASICMINER put options?

BTC-TC only has TWO contracts available. And they both have huge premiums.

Is there something better anywhere?

Put out how many you're looking for, what strike and premium you're looking for and what your time frame is - you'll get people to put them up. Possibly myself included.

Fair request.

I'm looking to buy 20 American style put options with a strike price of 3.0 BTC and a duration of 90 days for 0.25 BTC per contract.

I'm tempted I must admit. I'm a bit pushed for time at the moment - how many were you thinking of buying?

Offering .28 per contract at 3.0, 90d. I will pay and have purchased many options already.

Alternatively, if you'd like more return on your frozen assets in exchange for more risk, I'll offer 0.3 for 3.2 (this has been a standing offer).

BTCT only.

I want to buy around 20 contracts. But less will do.

I will trump Vycid's bid and pay 0.31 per contract for 90d puts with a strike price of 3.2.

[runeks]

I'm not dying to know the answer right now... but someday I'd like to know why ASICMiner doesn't include more transactions in its blocks. If you look at this block:

http://blockchain.info/block-index/398726/000000000000004a96eb5e666d882b238ab2bf5c51f6b3c0cc3eb420517b64a1

You'll notice that it was found a full hour after the previous block... so, 60 minutes worth of transactions were being collected in that time... and yet ASICMiner's block has only 8 transactions. Seems like a lot of missed transaction fees, no? Am I missing something?

I actually did an analysis of all ASICMiner mined blocks, and they only get around 60% of the amount of fees that all other blocks get on average. And they only include 65% the number of transactions that other nodes include.

Code:

Analyzed 7,141 blocks containing 2,023,595 transactions.
-----Stats-----:

ASICMiner stats (1190 blocks, 232,779 transaction):
Average transaction count per block: 195.6
Maximum number of transactions in a block: 1323
Minimum fee: -0.00000000
Average fee: 0.00084612
Average fees per block: 0.1655
Other blocks stats (5951 blocks, 1,790,816 transaction):
Average transaction count per block: 300.9
Maximum number of transactions in a block: 1333
Minimum fee: -0.00000000
Average fee: 0.00089534
Average fees per block: 0.2694

[yuchuanzhen]

I'm curious. Are you a PLA officer? As your avatar implies?

yes, a was

I don't understand: why did you answer for him, and why did your answer differ from his?

Maybe he knows something about me,whatever.
And I think this is off-topic.So..

[canth]

I'm not dying to know the answer right now... but someday I'd like to know why ASICMiner doesn't include more transactions in its blocks. If you look at this block:

http://blockchain.info/block-index/398726/000000000000004a96eb5e666d882b238ab2bf5c51f6b3c0cc3eb420517b64a1

You'll notice that it was found a full hour after the previous block... so, 60 minutes worth of transactions were being collected in that time... and yet ASICMiner's block has only 8 transactions. Seems like a lot of missed transaction fees, no? Am I missing something?

I feel like friedcat should check that his node is well connected and receiving transactions. It makes a bad public image, considering the recent blockchain spam and congestion.

Yes, unfortunately the node isn't well connected; it never includes many transactions per block. While I'm a glad investor, it would be nice to see them supporting the blockchain a bit more.

China's network infrastructure isn't really comparable to the rest of the world.

1) It's a large country - roughly the size of the US and divided into 22 provinces.
2) There are multiple ISPs - bringing 100s of millions of nodes into existence over the course of a decade or so is not without some growing pains.
3) China is peered somewhat haphazardly with itself and other regions around the world. Latency from Tokyo to Beijing can sometimes be faster than Beijing to Beijing between 2 separate ISPs. Latency to New York might be better than latency to Sydney - depends upon the ISPs and what is going on with #4. Your mileage may vary.
4) The great firewall of China. http://en.wikipedia.org/wiki/Golden_Shield_Project ISPs practice self censorship. The government censors everything it feels like. Blocking or slowing down connections and then asking questions later, if at all is the standard practice.

Perhaps as Friedcat adds offshore operations, the AM node will end up being better connected.

[binaryFate]

I'm not dying to know the answer right now... but someday I'd like to know why ASICMiner doesn't include more transactions in its blocks. If you look at this block:

http://blockchain.info/block-index/398726/000000000000004a96eb5e666d882b238ab2bf5c51f6b3c0cc3eb420517b64a1

You'll notice that it was found a full hour after the previous block... so, 60 minutes worth of transactions were being collected in that time... and yet ASICMiner's block has only 8 transactions. Seems like a lot of missed transaction fees, no? Am I missing something?

I feel like friedcat should check that his node is well connected and receiving transactions. It makes a bad public image, considering the recent blockchain spam and congestion.

Yes, unfortunately the node isn't well connected; it never includes many transactions per block. While I'm a glad investor, it would be nice to see them supporting the blockchain a bit more.

China's network infrastructure isn't really comparable to the rest of the world.

1) It's a large country - roughly the size of the US and divided into 22 provinces.
2) There are multiple ISPs - bringing 100s of millions of nodes into existence over the course of a decade or so is not without some growing pains.
3) China is peered somewhat haphazardly with itself and other regions around the world. Latency from Tokyo to Beijing can sometimes be faster than Beijing to Beijing between 2 separate ISPs. Latency to New York might be better than latency to Sydney - depends upon the ISPs and what is going on with #4. Your mileage may vary.
4) The great firewall of China. http://en.wikipedia.org/wiki/Golden_Shield_Project ISPs practice self censorship. The government censors everything it feels like. Blocking or slowing down connections and then asking questions later, if at all is the standard practice.

Perhaps as Friedcat adds offshore operations, the AM node will end up being better connected.

Given the ratio of the network hashrate of AM, that seems a crucial point to me, not as an AM shareholder but for the overall bitcoin network health.
Additionally, as an AM shareholders, does not look very good for AM reputation.
Hope things will get better soon.

[Jimmy2011]

I'm not dying to know the answer right now... but someday I'd like to know why ASICMiner doesn't include more transactions in its blocks. If you look at this block:

http://blockchain.info/block-index/398726/000000000000004a96eb5e666d882b238ab2bf5c51f6b3c0cc3eb420517b64a1

You'll notice that it was found a full hour after the previous block... so, 60 minutes worth of transactions were being collected in that time... and yet ASICMiner's block has only 8 transactions. Seems like a lot of missed transaction fees, no? Am I missing something?

I feel like friedcat should check that his node is well connected and receiving transactions. It makes a bad public image, considering the recent blockchain spam and congestion.

Yes, unfortunately the node isn't well connected; it never includes many transactions per block. While I'm a glad investor, it would be nice to see them supporting the blockchain a bit more.

China's network infrastructure isn't really comparable to the rest of the world.

1) It's a large country - roughly the size of the US and divided into 22 provinces.
2) There are multiple ISPs - bringing 100s of millions of nodes into existence over the course of a decade or so is not without some growing pains.
3) China is peered somewhat haphazardly with itself and other regions around the world. Latency from Tokyo to Beijing can sometimes be faster than Beijing to Beijing between 2 separate ISPs. Latency to New York might be better than latency to Sydney - depends upon the ISPs and what is going on with #4. Your mileage may vary.
4) The great firewall of China. http://en.wikipedia.org/wiki/Golden_Shield_Project ISPs practice self censorship. The government censors everything it feels like. Blocking or slowing down connections and then asking questions later, if at all is the standard practice.

Perhaps as Friedcat adds offshore operations, the AM node will end up being better connected.

1) Not 22 provinces, but 34.
2) optical fiber connection is necessary for the miner farm
3) it depends
4) GFW is indeed a burden for the usual users, but it has limited effect on bitcoin, and actually no obvious block of bitcoin by the government

I think it will be solved very soon, for example, offshore miner farm in HK with better internet connection environment may be considered and built.

[TsuyokuNaritai]

I think it will be solved very soon, for example, offshore miner farm in HK with better internet connection environment may be considered and built.

The sooner the better. With better connectivity we not only get more fees, we should get more blocks for the same hashing power. Right now, if another pool is much better connected to the network, an AM found block could be orphaned even if it found first.

[runeks]

I'm not dying to know the answer right now... but someday I'd like to know why ASICMiner doesn't include more transactions in its blocks. If you look at this block:

http://blockchain.info/block-index/398726/000000000000004a96eb5e666d882b238ab2bf5c51f6b3c0cc3eb420517b64a1

You'll notice that it was found a full hour after the previous block... so, 60 minutes worth of transactions were being collected in that time... and yet ASICMiner's block has only 8 transactions. Seems like a lot of missed transaction fees, no? Am I missing something?

I feel like friedcat should check that his node is well connected and receiving transactions. It makes a bad public image, considering the recent blockchain spam and congestion.

Yes, unfortunately the node isn't well connected; it never includes many transactions per block. While I'm a glad investor, it would be nice to see them supporting the blockchain a bit more.

China's network infrastructure isn't really comparable to the rest of the world.

1) It's a large country - roughly the size of the US and divided into 22 provinces.
2) There are multiple ISPs - bringing 100s of millions of nodes into existence over the course of a decade or so is not without some growing pains.
3) China is peered somewhat haphazardly with itself and other regions around the world. Latency from Tokyo to Beijing can sometimes be faster than Beijing to Beijing between 2 separate ISPs. Latency to New York might be better than latency to Sydney - depends upon the ISPs and what is going on with #4. Your mileage may vary.
4) The great firewall of China. http://en.wikipedia.org/wiki/Golden_Shield_Project ISPs practice self censorship. The government censors everything it feels like. Blocking or slowing down connections and then asking questions later, if at all is the standard practice.

Perhaps as Friedcat adds offshore operations, the AM node will end up being better connected.

1) Not 22 provinces, but 34.
2) optical fiber connection is necessary for the miner farm
3) it depends
4) GFW is indeed a burden for the usual users, but it has limited effect on bitcoin, and actually no obvious block of bitcoin by the government

I think it will be solved very soon, for example, offshore miner farm in HK with better internet connection environment may be considered and built.

Yeah, that average traffic rate of 3 KB/s really needs a dedicated fiber line.

[tinus42]

I think it will be solved very soon, for example, offshore miner farm in HK with better internet connection environment may be considered and built.

Shenzen (where they are located) is only 10 miles away from Hong Kong, so that would make sense.

[canth]

I think it will be solved very soon, for example, offshore miner farm in HK with better internet connection environment may be considered and built.

Shenzen (where they are located) is only 10 miles away from Hong Kong, so that would make sense.

Quality of network latency and reliability between China and outside of China is not necessarily related to geographic distance. HK uses different ISPs and is outside the great firewall. Moving to HK for example, would be much better in terms of networking speed but I'm not sure that the regulatory concerns would be completely solved by that.