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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916266 times)
runeks
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May 30, 2013, 05:27:19 PM
 #6161

this is great stuff, it would be even nicer if you were able to incorporate the btcguild hashrate so that we see how much has been mined since the last dividend in total.
Is it known whether ASICMiner will switch to solo mining only?

If this is the case, I will just wait until everything is done as solo mining.

If not, I will look into adding the BTCGuild stats.
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VeeMiner
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May 30, 2013, 05:55:33 PM
 #6162

this is great stuff, it would be even nicer if you were able to incorporate the btcguild hashrate so that we see how much has been mined since the last dividend in total.
Is it known whether ASICMiner will switch to solo mining only?

If this is the case, I will just wait until everything is done as solo mining.

If not, I will look into adding the BTCGuild stats.

sorry, can't help it Smiley



inh
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May 30, 2013, 06:15:44 PM
 #6163

300 direct shares for sale @ 2.45

https://bitcointalk.org/index.php?topic=220396.msg2320707#msg2320707

first come first serve.

Thanks.

We saw you mention this earlier in the thread already...  Roll Eyes
rdponticelli
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May 30, 2013, 06:40:33 PM
 #6164

Sure, you could kindly ask AM to stop polluting the blockchain, but it would be kind of pointless: other people can still do that, and you're not going to "kindly ask" them all: this is a social dynamic that "just doesn't work".

Handling it as a security/protocol issue is IMAO a better approach, because you really have a chance of success, even if people do not wish (or care) to cooperate.

Other people, any random user, doesn't have 30% of the hashrate. We're talking about one of the big players here, and you know how it goes, with great powers...

But lets stop derailing this thread even more....
CanadianGuy
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May 30, 2013, 07:02:54 PM
 #6165

I'd suggest anyone who hasn't, and refuses to return the double div, be blacklisted from btct.co.

thats the dumbest thing i ever heard.  there are ways to correct something like this but solving this with a nazi mentality is far from the best way
thecodyshow
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May 30, 2013, 07:40:23 PM
 #6166

When does Friedcat usually provide his updates?
aahzmundus
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May 30, 2013, 08:08:26 PM
 #6167

When does Friedcat usually provide his updates?

Sometimes shortly after dividend... sometimes next day... sometimes not at all. Just watch https://bitcointalk.org/index.php?action=profile;u=49840;sa=showPosts

dhenson
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May 30, 2013, 10:01:06 PM
 #6168

Is there a spreadsheet of share holders somewhere?  I thought I saw a Google doc at one point.
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May 30, 2013, 10:35:42 PM
Last edit: May 30, 2013, 11:41:16 PM by dmcdad
 #6169

ASICMiner is hashing the block chain to shreds the last hour:  Grin

Rant2112
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May 31, 2013, 02:11:18 AM
 #6170

Thanks for the slight derail on the Satoshis.  I honestly didn't understand why ASICMiner bothered with them.

Also thanks to rdponticelli for responding with all the points I wanted to say so I didn't have to.  Cool

I guess I should go elsewhere and try to convince the big mining pools to require transaction fees for all transactions.

-- END DERAIL --
vesper39
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May 31, 2013, 03:41:12 AM
 #6171

I thought the bitcoin dev team had an update where any transactions under 3 cents or something would not be sent through the blockchain? Or has it not been implemented yet? If so, wouldn't that mean the satoshi confirmations would no longer work?
lophie
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May 31, 2013, 03:49:01 AM
 #6172

I thought the bitcoin dev team had an update where any transactions under 3 cents or something would not be sent through the blockchain? Or has it not been implemented yet? If so, wouldn't that mean the satoshi confirmations would no longer work?

To be exact the update was about the minimum amount in a tx output to be eligible to be relayed by other nodes and this amount is suggested for around 0.7 of a (p), Can be easily modified by the nodes.

Will take me a while to climb up again, But where is a will, there is a way...
daemondazz
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May 31, 2013, 05:24:12 AM
 #6173

The 1 satoshi = 1 share isn't completely redudundant in determining number of shares. To prove how many shares you have (which you need to do if you're selling for example) you'd need either the complete dividend amount (is it sent in one transaction?) to work out the percentage, or know what the dividend value per share was. The 1 satoshi per share just simplifies that dramatically.

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Luke-Jr
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May 31, 2013, 06:14:40 AM
 #6174

The 1 satoshi = 1 share isn't completely redudundant in determining number of shares. To prove how many shares you have (which you need to do if you're selling for example) you'd need either the complete dividend amount (is it sent in one transaction?) to work out the percentage, or know what the dividend value per share was. The 1 satoshi per share just simplifies that dramatically.
An ASICMiner-controlled spreadsheet is the right solution for this.

VeeMiner
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May 31, 2013, 07:19:47 AM
 #6175

The 1 satoshi = 1 share isn't completely redudundant in determining number of shares. To prove how many shares you have (which you need to do if you're selling for example) you'd need either the complete dividend amount (is it sent in one transaction?) to work out the percentage, or know what the dividend value per share was. The 1 satoshi per share just simplifies that dramatically.
An ASICMiner-controlled spreadsheet is the right solution for this.

not everyone wants everyone else to see how many shares they have. So no, I don't think this is the solution. There has been a talk about asicminer setting up their own exchange (which would make sense) but I guess the engineers and professionals working for ASICMINER have better things to do right now. I have no doubt it will be implemented in the future though.
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May 31, 2013, 07:44:55 AM
 #6176

The 1 satoshi = 1 share isn't completely redudundant in determining number of shares. To prove how many shares you have (which you need to do if you're selling for example) you'd need either the complete dividend amount (is it sent in one transaction?) to work out the percentage, or know what the dividend value per share was. The 1 satoshi per share just simplifies that dramatically.
An ASICMiner-controlled spreadsheet is the right solution for this.

not everyone wants everyone else to see how many shares they have. So no, I don't think this is the solution. There has been a talk about asicminer setting up their own exchange (which would make sense) but I guess the engineers and professionals working for ASICMINER have better things to do right now. I have no doubt it will be implemented in the future though.
How is this any less private than the transaction spam?
The spreadsheet would just contain a number of shares and the address considered to own them...

SmiGueL
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May 31, 2013, 09:02:45 AM
Last edit: May 31, 2013, 11:05:22 AM by SmiGueL
 #6177

Not mine, but i really need to share it here Tongue


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Thanks, friedcat !





Asicminer Hashrate Charts @ www.asicminercharts.com

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stephwen
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May 31, 2013, 09:41:38 AM
 #6178

if this kind of transaction bothers anyone, he should press for mandatory fees or something like that, but as long as the protocol allows it, then you should blame the protocol.

The catch here is ASICMINER is quite capable of including their own txids into blocks to ensure they are submitted. Which imho there is nothing wrong with, they are doing the work and as many have said can include whatever txids the protocol can support.

I completely agree and was going to say the same thing.

This is a non-issue.

As I said, at most you can press to change the protocol rules, i.e. declaring invalid a transaction without your desired requirements.
This would prevent any miner from including it.

Of course, this is an hard-fork and you would need to be pretty convincing.
Still, until you do, there's no complaining.


Sorry for being rude, but it's for the sake of clearness.

There's no rule nor protocol or law preventing anybody from shitting on their food. There's no need for it, because it's absolutely obvious the inadvisability of doing such a thing...

Now. if ASICMINER wants to shit over the blockchain, it's ok that they're able to do it. I can't see why somebody should go to the hassle of finding a way to stop them. But that's hardly advisable for themselves, considering that they're eating from the blockchain too...

I find the analogy entertaining.
circuitry
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May 31, 2013, 12:22:48 PM
 #6179

So help me understand something. Here's a small compilation I made with the 90-day dividend yield estimates (according to BTCT.CO) of its more popular assets.



According to the numbers, ASICMiner is by far the most profitable asset by approximately ~200% compared to GDSPT, the nearest one. Wouldn't this mean that ASICMiner share value has still a lot of space to grow?

Correct me if I'm missing something. Thanks.
nebulus
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May 31, 2013, 12:33:29 PM
 #6180

Not mine, but i really need to share it here Tongue


Units Arrived and Unpacked



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Thanks, friedcat !





Haha! Nice!

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