ASICMINER: Entering the Future of ASIC Mining by Inventing It

[iCEBREAKER]

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.

You know how funny your argument is right? Think about the hashpower that is directed to Bitcoin now, the coins have to be sold too, so it will put pressure on the price?

Bitcoin isnt comparable to the altcoins. You should check the amount of worth traded each day in bitcoins and the amount of worth transferred in altcoins. Its way way less. Its the same with the orderbooks. So when you sell or buy bitcoins worht $10000 the price wont change. Do the same with a small coin the price will drop or rise a lot. Thats the difference. And thats why mining with big hashpower for altcoins wont last very long for a reasonable price.

I don't understand your logic, the amount of NMC produced per day is same, by mining at bitminter, some of that amount goes to AM instead of others. The amount that can be sold per day remains the same, why would you think AM mining some NMC will crash the NMC market? if you haven't noticed, NMC has risen over 10 fold over the last few month, so did LTC and PPC and many other alt coins. The alt coin market is only getting stronger, by a factor of 10 or more. AM selling some NMC is a drop in the bucket.

Alt coin has some serious advantages over Bitcoin. For example I find myself increasingly doing transactions in LTC, due to the lightning fast confirmation. Whenever I do BTC transactions, I find myself kicking myself for not doing it in LTC, because the confirmation time is so slow. Also I'm growing increasingly fond of the 1% interest on my PPC balance.

You can't understand his "logic" because he has none. 

The more hashpower is directed to a blockchain, the more secure it becomes.

The more secure a blockchain is, the more valuable it becomes.

BG deserves every Satoshi of whatever it wants to charge for access to the most reliable and high-performance pool around.

Ideally AM would load-balance between BM and BG, with priority going to BM for merged mining, tx fees, and network diversity. 

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[JimiQ84]

Why are all of the latest namecoin blocks stale?

New blocks are showing as stale, I'll get this changed to "processing" or something like that soon.

Why are they like that for more than some seconds? Because while the mining server has a lighter load than usual, the payment processing system is lagging badly. I'll improve this soon.

Apologies for the confusion it causes to show so many "stale" blocks, especially with all the fast blocks we had today it looked crazy.

So that's why it shows stale even when it's not stale.

[helixone]

Why are all of the latest namecoin blocks stale?

New blocks are showing as stale, I'll get this changed to "processing" or something like that soon.

Why are they like that for more than some seconds? Because while the mining server has a lighter load than usual, the payment processing system is lagging badly. I'll improve this soon.

Apologies for the confusion it causes to show so many "stale" blocks, especially with all the fast blocks we had today it looked crazy.

So that's why it shows stale even when it's not stale.

Kindly request we stop talking about mining pools and altcoin mining. Friedcat has been around in btc/cryptocurrency land long enough, I trust his judgement when it comes to finding the right operational choices. e.g. - Solo vs pool, which pool, etc. And this horse has been beaten into the ground.

One note about merged mining. If ASICMINER did work on altcoins, they would instantly own over 50% of hashing power in said coin. This is unhealthy for said coin, and based on Friedcat's past comments, he is looking out for long term health of cryptocurrencies, and wouldn't do such a thing. (And besides, he's instantly make all other miners of the merged altcoin unprofitable.)

[philipma1957]

Why are all of the latest namecoin blocks stale?

New blocks are showing as stale, I'll get this changed to "processing" or something like that soon.

Why are they like that for more than some seconds? Because while the mining server has a lighter load than usual, the payment processing system is lagging badly. I'll improve this soon.

Apologies for the confusion it causes to show so many "stale" blocks, especially with all the fast blocks we had today it looked crazy.

So that's why it shows stale even when it's not stale.

 I have been mining with bit minter since aug 2012 pretty solid pool. I like asic miner being in two pools like I said 2 pools and solo maybe even 3 pools and solo would be nice in the long run.

[gyverlb]

One note about merged mining. If ASICMINER did work on altcoins, they would instantly own over 50% of hashing power in said coin. This is unhealthy for said coin, and based on Friedcat's past comments, he is looking out for long term health of cryptocurrencies, and wouldn't do such a thing. (And besides, he's instantly make all other miners of the merged altcoin unprofitable.)

What makes you think friedcat has no way to divert only a part of ASICMINER mining hashrate to merged mined coins, remaining below 50%, given that ASICMINER's hashrate is already diverted to 2 different pools?

[Maciek]

Is it possible to order those ASIC USB miners at 2BTC each?
Where?

Cheers

[michaelGedi]

Hi guys, sorry if this is the wrong thread.


About to purchase some PT shares through BTC-TC.

Please could someone point me to some more information?

Security (the most essential part of course... recently was burned in the Bitcoin-24 shutdown... although that was less security and more management issues), experience so far... how does the payout work? That sort of thing. I'm pretty sure I've got it but of course I need to know the finer details before making the purchase.

Best wishes

[Adrian-x]

Is it possible to order those ASIC USB miners at 2BTC each?
Where?

Cheers

> USB devices fully tested, 10,000 units ready for order at 1.99 BTC each.

where can you buy these?

[Group Buy] ASICMiner Block Erupter USB group buy (US/Canada)
https://bitcointalk.org/index.php?topic=195052.0;topicseen

[Group Buy - Eastern USA] Block Erupter USB [Lowest Fee]
https://bitcointalk.org/index.php?topic=195843.0

[Group Buy] ASICMiner Block Erupter USB in USA. 2.03496 per USB device @ 5 units
https://bitcointalk.org/index.php?topic=195647.0
    
Australia - USB Block Erupter Miner >300MH/s [Group Buy]
https://bitcointalk.org/index.php?topic=197446.0

ASICMiner Block Erupter USB Group Buy - Australia Only
https://bitcointalk.org/index.php?topic=196336.0

[Group Buy - UK Re-shipper] Block Erupter USB
https://bitcointalk.org/index.php?topic=195540.0

european group buy (closed?)
https://bitcointalk.org/index.php?topic=195037.0

[TiuraZ]

Hi guys, sorry if this is the wrong thread.


About to purchase some PT shares through BTC-TC.

Please could someone point me to some more information?

Security (the most essential part of course... recently was burned in the Bitcoin-24 shutdown... although that was less security and more management issues), experience so far... how does the payout work? That sort of thing. I'm pretty sure I've got it but of course I need to know the finer details before making the purchase.

Best wishes

I think this thread would be the best place to ask questions about this particular PT: https://bitcointalk.org/index.php?topic=148350.0

[michaelGedi]

Hi guys, sorry if this is the wrong thread.


About to purchase some PT shares through BTC-TC.

Please could someone point me to some more information?

Security (the most essential part of course... recently was burned in the Bitcoin-24 shutdown... although that was less security and more management issues), experience so far... how does the payout work? That sort of thing. I'm pretty sure I've got it but of course I need to know the finer details before making the purchase.

Best wishes

I think this thread would be the best place to ask questions about this particular PT: https://bitcointalk.org/index.php?topic=148350.0

thanks

[yxt]

european group buy (closed?)
https://bitcointalk.org/index.php?topic=195037.0

no, still open 

[DrHaribo]

Just a quick note since there was talk in this thread about BitMinter's luck being so bad that something must be wrong.

organofcorti has performed a thorough audit: http://organofcorti.blogspot.com/2013/05/131-bitminter-and-luck.html

The results are in: BitMinter pays better than most pools even when we have bad luck (PPS miners are sad). And when we have good luck it's just awesome (PPS miners cry).

Back to your regular programming.

[IIzzII]

I tried asking this in one of the auction threads but got no response, is there any way to verify the people auctioning off direct shares? I would like to make a significant purchase but simply can't due to lack of information. Can someone at ASICMiner (with the seller's permission of course) confirm shares being auctioned are legitimate?

[VJain]

I tried asking this in one of the auction threads but got no response, is there any way to verify the people auctioning off direct shares? I would like to make a significant purchase but simply can't due to lack of information. Can someone at ASICMiner (with the seller's permission of course) confirm shares being auctioned are legitimate?

I think the best solution would be to simply use Escrow in this case.

[JaredR26]

I tried asking this in one of the auction threads but got no response, is there any way to verify the people auctioning off direct shares? I would like to make a significant purchase but simply can't due to lack of information. Can someone at ASICMiner (with the seller's permission of course) confirm shares being auctioned are legitimate?

If you go through an escrow, you aren't really at risk anyway(And for any "significant" purchase, you should use an escrow!)

You can also confirm by asking for their address of ownership, and then looking through the transaction logs for the satoshi's.

Alternatively Friedcat can confirm if PM'd about the thread, but he is very busy.

[gyverlb]

I tried asking this in one of the auction threads but got no response, is there any way to verify the people auctioning off direct shares? I would like to make a significant purchase but simply can't due to lack of information. Can someone at ASICMiner (with the seller's permission of course) confirm shares being auctioned are legitimate?

See how I handled my auction. I detected a weakness with my method, so read my comments about it near the auction's end if you want to build on it.

[John (John K.)]

*knock knock* Friedcat, please respond to the backlog of share transfer requests. 

*runs before angry shareholders burn me on the stake*

[nebulus]

Friedcat, please respond to the backlog of share transfer requests.  

Please...  

[dan99]

Biminter pool user realasicminer is hitting 6TH, maybe they also have a few other accounts? and with other mining pools.. that is a lot of hashing power.

[ineededausername]

Hmm, what are we doing with the namecoins we are getting from Bitminter?  We must have quite a few by now...