hak8or
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May 09, 2013, 06:27:18 AM |
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Anyways, in an effort to move the discussion more towards the intended topic, do you guys recommend keeping shares as a passthrough on BTC-TC or Bitfunder, or requesting to exchange them to normal direct shares? Also, what do you all think about Asicminer in the near future (less than two weeks) and long term future (2+ months?). Will they keep on kicking butt, will they fall due to BFL/Avalon, or not much will change? Also, furuknap, thanks for responding to my question about possible implications! For some odd reason, and I am not saying this sarcastically, totally forgot about a possible lawsuit possibly obliterating the asicminer. Heh, this is what happens when I spend too much time reading here.
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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helixone
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May 09, 2013, 07:02:26 AM |
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Anyways, in an effort to move the discussion more towards the intended topic, do you guys recommend keeping shares as a passthrough on BTC-TC or Bitfunder, or requesting to exchange them to normal direct shares? Also, what do you all think about Asicminer in the near future (less than two weeks) and long term future (2+ months?). Will they keep on kicking butt, will they fall due to BFL/Avalon, or not much will change? Also, furuknap, thanks for responding to my question about possible implications! For some odd reason, and I am not saying this sarcastically, totally forgot about a possible lawsuit possibly obliterating the asicminer. Heh, this is what happens when I spend too much time reading here. 1) It depends. Do you plan to trade? If so buy shares on passthroughs. If not, it seems to generally makes no difference. (Buy where cheap, sell where dear, and above all try to build a long position at a price lower then everyone else.) Long term, I have a growing respect for Friedcat, and feel that he is building a company for the long term. (As much as I liked short term swings). Friedcat has managed to get himself in the drivers seat, and it is his game to lose. I think I can speak about Avalon. They went with an older tech and didn't lock down production guarantees with their fab as well as Friedcat did, so volume and efficiency (due to older tech) is a challenge. As far as BFL goes, they can go to hell, and by the time they are ready to ship, my guess is that despite spending almost as much on marketing as they did on engineering, they will have lost so many orders due to their incompetence. I'm kinda betting that AM USB sticks (and AM shares) will be the new hotness that leaves BFL in the dust. There will be winners and losers in the btc world. Friedcat is a winner. BFL is a loser. Avalon is somewhere in between. 2) Short term AM seems on a strong uptrend, which may have gotten ahead of itself. That said, I wouldn't risk betting against it. IE: I am overall long at this time. I'll also say AM shares, seem almost too good to be true. We've got a company that isn't in it for the short term, that is paying an estimated 37% a year divs. Do your own mach as it's all variable. As an aside, I keep saying to myself, oh AM shares are worth X, and I'll sell em all when it reaches that price. However Friedcat keeps pulling tricks out of his hat, so I dare not project a fair market value. IE: I feel like AM shares are too expensive now, but at this time, I just can't bring myself to sell. (And kinda am kicking myself for saying this in public). -helixone p.s. - I have no idea what I am talking about. p.s.s. - I have been trading in and out of AM since 0.69, at this point I am all in.
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stripykitteh
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May 09, 2013, 07:12:12 AM |
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helixone, that entire post is gold (like many others here) but this had me ROFLMAO: I'm kinda betting that AM USB sticks (and AM shares) will be the new hotness that leaves BFL in the dust.
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dan99
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May 09, 2013, 09:31:28 AM |
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interesting discussions nonetheless ..
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matt4054
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May 09, 2013, 09:45:25 AM |
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Now >5 TH/s on BitMinter + >14 TH/s on BTC Guild that is nearing 20 TH/s. Keep it coming and pump it up I think I would buy shares even above 1.5 if I hadn't invested it all already...
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Trillian
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May 09, 2013, 10:24:53 AM |
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Shares rapidly becoming more valuable, glad I bought a dozen at 1.25. This is going to be a good investment.
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SmiGueL
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May 09, 2013, 11:50:18 AM Last edit: May 09, 2013, 01:58:10 PM by SmiGueL |
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6 TH/s on Bitminter That means: 20+ TH/s total! 1000+ BTC/day!
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JimiQ84
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May 09, 2013, 12:50:10 PM |
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BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.
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aahzmundus
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May 09, 2013, 01:17:26 PM |
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Is this an issue? Like, if bitminter thinks the blocks are stale, is there a risk of them becoming stale? Or are there any other risks? Or is it just sloppy code, but not an issue to returns.
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JimiQ84
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May 09, 2013, 01:24:31 PM |
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Is this an issue? Like, if bitminter thinks the blocks are stale, is there a risk of them becoming stale? Or are there any other risks? Or is it just sloppy code, but not an issue to returns.
just sloppy code, it only delays payment from pool to AM's wallet. I noticed it few days ago, but there never been more than 1 stale new blocks. It happend today because of high luck and rising hashrate.
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organofcorti
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Poor impulse control.
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May 09, 2013, 01:35:38 PM |
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BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.
How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees.
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kano
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Linux since 1997 RedHat 4
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May 09, 2013, 01:40:30 PM |
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BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.
I'm sorry - I gotta ask ... WTF are you talking about?
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friedcat (OP)
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May 09, 2013, 02:05:46 PM |
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Update
A lot of great thing happened last week. We wiped over the obstacles (infrastructure and paperwork) on deploying and put a lot of our available hashrate online. We also did a significant improvement (power, design, appearance) on the USB stick from the sample batch to the production batch.
For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.
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JimiQ84
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May 09, 2013, 02:07:50 PM |
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BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.
I'm sorry - I gotta ask ... WTF are you talking about? this page http://bitminter.com/blocks shows occasionally lots of stale blocks. Nevermind.
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SebastianJu
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May 09, 2013, 02:11:30 PM |
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Update
A lot of great thing happened last week. We wiped over the obstacles (infrastructure and paperwork) on deploying and put a lot of our available hashrate online. We also did a significant improvement (power, design, appearance) on the USB stick from the sample batch to the production batch.
For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.
You can for sure...
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Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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kokojie
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May 09, 2013, 02:17:04 PM |
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BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.
How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees. Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.
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btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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SebastianJu
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May 09, 2013, 02:20:16 PM |
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BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.
How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees. Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income. I guees the 10% will melt away shortly. Think about the hashpower that is directed to these altcoins now. The coins have to be sold too. So it will put pressure on the price. And so on... Wont work out for long.
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Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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organofcorti
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Poor impulse control.
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May 09, 2013, 02:21:47 PM |
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BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.
How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees. Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income. BTCGuild only has 3% fees, I don't call that outrageous. Plus they pay orphaned blocks and tx fees, so it's a pretty good deal.
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