ASICMINER: Entering the Future of ASIC Mining by Inventing It

[freedomno1]

I think the people who throw up these kind of sell walls really don't care about the price.

They bought at 0.1 during the IPO so they don't care if it stalls the price momentum for a few days or a week.

In any case by next wednesday night the market will have eaten it all and will be left wanting more before the next dividend is released...such is human nature.


Edit: Holy crap look at that hashrate!

That get nomming new entrants good chance to get a decent stable price before next week
Or even a long run hold

[ThickAsThieves]

Real-time updating stats

          ASICMINER HASHRATE                    NETWORK HASHRATE

                   TH/s                                            TH/s



Asicminer hashrate is determined by:
- BTC Guild hashrate
- BitMinter hashrate
- Blockchain.info network percentage * total network hashrate

Total network hashrate from blockchain.info.


live version

_{*Keep in mind that sometimes when one of the sites have a timeout, the hashrate from this site will be calculated as 0 TH/s and the Asicminer hashrate will drop drastically for a few minutes.}

Fancy!

[aahzmundus]

Real-time updating stats

          ASICMINER HASHRATE                    NETWORK HASHRATE

                   TH/s                                            TH/s



Asicminer hashrate is determined by:
- BTC Guild hashrate
- BitMinter hashrate
- Blockchain.info network percentage * total network hashrate

Total network hashrate from blockchain.info.


live version

_{*Keep in mind that sometimes when one of the sites have a timeout, the hashrate from this site will be calculated as 0 TH/s and the Asicminer hashrate will drop drastically for a few minutes.}

Well that does it, I will feel like an ASS if I do not donate for all the amazing stuff you have done.  Thank you sir!  How/What method are you using to estimate the solo hashrate?  Are you going for a more accurate estimation (average over a longer time period) or more current update (shorter time period to help notice hashrate increases).

[SmiGueL]

Well that does it, I will feel like an ASS if I do not donate for all the amazing stuff you have done.  Thank you sir!  How/What method are you using to estimate the solo hashrate?  Are you going for a more accurate estimation (average over a longer time period) or more current update (shorter time period to help notice hashrate increases).

Currently I'm using the percentage of the mined blocks from the last 48h. (I used 24h before, simply because we were solomining for < 2 days ^^)
Check the last graph from www.asicminercharts.com, and zoom to the last 5 days. The hashrate from solomining fluctuates pretty much but will smoothen out by using the 48h instead of 24h average

I've asked them to fix their API on the forum a few days ago, but no reaction until now..

[g83]

How many blocks do we mine in 48 hours with those 20 TH??

[BitAddict]

Real-time updating stats

          ASICMINER HASHRATE                    NETWORK HASHRATE

                   TH/s                                            TH/s



Asicminer hashrate is determined by:
- BTC Guild hashrate
- BitMinter hashrate
- Blockchain.info network percentage * total network hashrate

Total network hashrate from blockchain.info.


live version

_{*Keep in mind that sometimes when one of the sites have a timeout, the hashrate from this site will be calculated as 0 TH/s and the Asicminer hashrate will drop drastically for some time.}

Niceeee!!! I was looking for this all the week.
I will donate for this incredible stuff 

[msm595]

How many blocks do we mine in 48 hours with those 20 TH??

Roughly 30.

[SebastianJu]

Trouble? Anyone knows more or is this only a overcautious company?

Interesting message from twilio this morning:

Hi Ben,

We got further information from our carrier confirming that business such as bitcoin is not a proper financial tool in China and the Authority may treat bitcoin as an illegal business. Unfortunately the China Telecom Authority has requested that all bit-coin traffic to China be blocked.

As the provider of the phone number, Twilio is responsible for assuring the carriers that no more traffic related to bitcoin will be sent to China. Therefore, I have removed your international SMS permission to China. Please do not turn this on or try sending SMS messages to mobile numbers in China. Doing so will very likely lead to immediate account suspension.

Again I'm sorry for the convenience. Please let me know if you have any additional questions.
Thanks,
Twilio Customer Support

Not sure if this is the official state opinion. But as a consequence we can no longer send SMS messages to users in China.

Source: https://bitcointalk.org/index.php?topic=40264.msg2243603#msg2243603

[SmiGueL]

How many blocks do we mine in 48 hours with those 20 TH??

Roughly 30.

I would say something like 70 / 75

[Caesium]

Someone definitely wants to plummet the price on btc-tc  

I don't think so, it's just reacting to Jutarul's sale.

[aahzmundus]

Someone definitely wants to plummet the price on btc-tc  

I don't think so...  What could be happening:

BTC/USD is moving in a positive direction, so people may be cashing out some... I cashed out some myself to pay some bills.

There are several large holders that both in public and private, are liquidating some of their holdings having seen ASCIMINER reach more of a "fair value".  Some people would probably sell PT shares to buy direct shares.  Myself and others prefer direct shares for a majority of their holdings, I keep maybe 10% in several PT's for liquidity and day trading.

Other people often try to buy before the DIV, get it, and sell after... and then have 6 days to mess around... I have noticed this trend before... although lately with crazy high dividends the buying tendency outpaced the buy, get div, sell crowd.

Still some others have hinted that they are indeed trying to keep the price "stable" to avoid a boom and crash.  I doubt we will fall below 2.2 a share... and this 2.5 ask wall will probably be gone if next week's div appears to be as good as I hope it will be with USB sales.

[DeaDTerra]

Someone definitely wants to plummet the price on btc-tc  

I don't think so...  What could be happening:

BTC/USD is moving in a positive direction, so people may be cashing out some... I cashed out some myself to pay some bills.

There are several large holders that both in public and private, are liquidating some of their holdings having seen ASCIMINER reach more of a "fair value".  Some people would probably sell PT shares to buy direct shares.  Myself and others prefer direct shares for a majority of their holdings, I keep maybe 10% in several PT's for liquidity and day trading.

Other people often try to buy before the DIV, get it, and sell after... and then have 6 days to mess around... I have noticed this trend before... although lately with crazy high dividends the buying tendency outpaced the buy, get div, sell crowd.

Still some others have hinted that they are indeed trying to keep the price "stable" to avoid a boom and crash.  I doubt we will fall below 2.2 a share... and this 2.5 ask wall will probably be gone if next week's div appears to be as good as I hope it will be with USB sales.

Actually it is me that's causing all the price movement, sorry!
I am liquidating Gamma Bitcoin Funds position to pay back the investors
The market seem to be very resilient, I have moved over 2.5k shares in less then two days and it has almost not suppressed the price at all.
//DeaDTerra

[aahzmundus]

Someone definitely wants to plummet the price on btc-tc  

I don't think so...  What could be happening:

BTC/USD is moving in a positive direction, so people may be cashing out some... I cashed out some myself to pay some bills.

There are several large holders that both in public and private, are liquidating some of their holdings having seen ASCIMINER reach more of a "fair value".  Some people would probably sell PT shares to buy direct shares.  Myself and others prefer direct shares for a majority of their holdings, I keep maybe 10% in several PT's for liquidity and day trading.

Other people often try to buy before the DIV, get it, and sell after... and then have 6 days to mess around... I have noticed this trend before... although lately with crazy high dividends the buying tendency outpaced the buy, get div, sell crowd.

Still some others have hinted that they are indeed trying to keep the price "stable" to avoid a boom and crash.  I doubt we will fall below 2.2 a share... and this 2.5 ask wall will probably be gone if next week's div appears to be as good as I hope it will be with USB sales.

Actually it is me that's causing all the price movement, sorry!
I am liquidating Gamma Bitcoin Funds position to pay back the investors
The market seem to be very resilient, I have moved over 2.5k shares in less then two days and it has almost not suppressed the price at all.
//DeaDTerra

Don't take all the credit! https://bitcointalk.org/index.php?topic=213729.msg2242801

[DeaDTerra]

Someone definitely wants to plummet the price on btc-tc  

I don't think so...  What could be happening:

BTC/USD is moving in a positive direction, so people may be cashing out some... I cashed out some myself to pay some bills.

There are several large holders that both in public and private, are liquidating some of their holdings having seen ASCIMINER reach more of a "fair value".  Some people would probably sell PT shares to buy direct shares.  Myself and others prefer direct shares for a majority of their holdings, I keep maybe 10% in several PT's for liquidity and day trading.

Other people often try to buy before the DIV, get it, and sell after... and then have 6 days to mess around... I have noticed this trend before... although lately with crazy high dividends the buying tendency outpaced the buy, get div, sell crowd.

Still some others have hinted that they are indeed trying to keep the price "stable" to avoid a boom and crash.  I doubt we will fall below 2.2 a share... and this 2.5 ask wall will probably be gone if next week's div appears to be as good as I hope it will be with USB sales.

Actually it is me that's causing all the price movement, sorry!
I am liquidating Gamma Bitcoin Funds position to pay back the investors
The market seem to be very resilient, I have moved over 2.5k shares in less then two days and it has almost not suppressed the price at all.
//DeaDTerra

Don't take all the credit! https://bitcointalk.org/index.php?topic=213729.msg2242801

Ofc other people are also selling.
I just said that the wall mentioned as mine.
//DeaDTerra

[runeks]

Well that does it, I will feel like an ASS if I do not donate for all the amazing stuff you have done.  Thank you sir!  How/What method are you using to estimate the solo hashrate?  Are you going for a more accurate estimation (average over a longer time period) or more current update (shorter time period to help notice hashrate increases).

Currently I'm using the percentage of the mined blocks from the last 48h. (I used 24h before, simply because we were solomining for < 2 days ^^)
Check the last graph from www.asicminercharts.com, and zoom to the last 5 days. The hashrate from solomining fluctuates pretty much but will smoothen out by using the 48h instead of 24h average

I've asked them to fix their API on the forum a few days ago, but no reaction until now..

If you want to calculate the exact hash rate, the formula is the following:

Code:

(2^32 * difficulty) / average_time_between_blocks = hash_rate

So if we take the timestamp of their newest block and subtract the timestamp of their first block, we get:

Code:

1369308020−1369069056 = 238964 seconds

They have mined 47 blocks in this period, so to get the average time between blocks, we divide 238964 seconds with 46:

Code:

238964 / 46 = 5194.87 seconds/block

Now we plug it into the first formula to get their average hash rate over the entire period of their solo mining:

Code:

(2^32 * difficulty) / average_time_between_blocks = hash_rate
(2^32 * 11187257.4613608) / 5194.87 = 9.249298814×10¹² = 9.25 Thash/s

This is what I've done with the graph on my site: http://runeks.dk/bitcoin/

It updates the every time a new ASICMiner block comes in. Currently it just tracks the all-time average (because we don't have enough data yet), but over time I will make it track a 2-day, 5-day and 10-day average:

[g83]

Trouble? Anyone knows more or is this only a overcautious company?

Interesting message from twilio this morning:

Hi Ben,

We got further information from our carrier confirming that business such as bitcoin is not a proper financial tool in China and the Authority may treat bitcoin as an illegal business. Unfortunately the China Telecom Authority has requested that all bit-coin traffic to China be blocked.

As the provider of the phone number, Twilio is responsible for assuring the carriers that no more traffic related to bitcoin will be sent to China. Therefore, I have removed your international SMS permission to China. Please do not turn this on or try sending SMS messages to mobile numbers in China. Doing so will very likely lead to immediate account suspension.

Again I'm sorry for the convenience. Please let me know if you have any additional questions.
Thanks,
Twilio Customer Support

Not sure if this is the official state opinion. But as a consequence we can no longer send SMS messages to users in China.

Source: https://bitcointalk.org/index.php?topic=40264.msg2243603#msg2243603

Any speculations about how could this effect ASICminer business ? i was about to buy more shares before i read this...

[gog1]

I'm not sure on the crackdown, btcchina platform seems to be up.  There are still post in the Chinese section of the forum.

It seems the TV in China is still reporting about BTC as of last week.

Those would be easy target if a wide crackdown is in place.

[netzwerg]

http://www.reddit.com/r/Bitcoin/comments/1ewi30/chinese_government_starting_considering_bitcoin/

[g83]

First Selloff since weeks ago...

[matt4054]

http://www.reddit.com/r/Bitcoin/comments/1ewi30/chinese_government_starting_considering_bitcoin/

Interesting, but needs confirmation.

And keep in mind that the same could be said about the US government, the EU, etc.
Generally speaking, governments aren't too keen on Bitcoin. No news here.
With AM in China, this is more exposure of course. Those who want to mitigate the risk may sell parts of their assets to buy something else (I mentioned BASIC-MINING a few pages ago, but this was almost interpreted as a troll). But I wouldn't sell more than 25% of my AM shares, even during a sell-off.

Emotional decisions are often the wrong ones. So hold your shares, especially during a selloff I would say.