ASICMINER: Entering the Future of ASIC Mining by Inventing It

[str4wm4n]

satoshi is the AI persona of the internet

[boyohi]

... a new company is preparing to launch quantum computers that will mine bitcoins 1000x faster than ASICs...

I just heard about this. Is it true?

I read about it on https://bitcointalk.org/index.php?topic=99497.msg2516240#msg2516240. Internet, must be true!

It is true. It was confirmed as certain at https://bitcointalk.org/index.php?topic=99497.msg2516250#msg2516250

big dividends for all!!

[🏰 TradeFortress 🏰]

... a new company is preparing to launch quantum computers that will mine bitcoins 1000x faster than ASICs...

I just heard about this. Is it true?

I read about it on https://bitcointalk.org/index.php?topic=99497.msg2516240#msg2516240. Internet, must be true!

It is true. It was confirmed as certain at https://bitcointalk.org/index.php?topic=99497.msg2516250#msg2516250

i confirm i read it also its here you can see it yourself,
anyone want to sell shares link up with me while i still have some funds

This now widely-accepted news will also mean the end of Bitcoin itself, since similar quantum computers will be able to break the SHA256 algorithm. In light of this news, as an act of charity, I will purchase everyone's Bitcoins for $1 USD each.

I'll sell you my Testnet coins! You know, the quantum computers are going to be tested on testnet first.

[dhenson]

Since you insist, here's another speculative angle.

Maybe they took hashes offline because they realized they could freeze the current difficulty for a bit while they work on getting the new boards ready.

[🏰 TradeFortress 🏰]

Since you insist, here's another speculative angle.

Maybe they took hashes offline because they realized they could freeze the current difficulty for a bit while they work on getting the new boards ready.

That makes little sense. The difficulty is not adjusted once every 2 weeks, it is adjusted once every 2016 blocks. So if they "froze" the current difficulty and got tons of new board online, then the difficulty is going to rise in a day or so instead of 5, neutralizing the effect.

The difficulty increase will be a bit less, yes, but that's not worth it when you have BFL & Avalon starting to ship more, and with the lost mining power.

[dhenson]

That makes little sense. The difficulty is not adjusted once every 2 weeks, it is adjusted once every 2016 blocks. So if they "froze" the current difficulty and got tons of new board online, then the difficulty is going to rise in a day or so instead of 5, neutralizing the effect.

The difficulty increase will be a bit less, yes, but that's not worth it when you have BFL & Avalon starting to ship more, and with the lost mining power.

At the current block discovery rate, these 2016 blocks are going to take 3-4 weeks.  In the last hour we've had 2 blocks found, the last one was 45 mins ago. 

I'm not discounting your point, it would seem to be of limited value, but you have to admit that the timing feels right.

[TsuyokuNaritai]

In the last hour we've had 2 blocks found, the last one was 45 mins ago. 

Hmm... won't that make the dividends take much longer than usual today?

[freedomno1]

What were back on topic
And I was going to let these shenanigans go on to the next page  

[empoweoqwj]

What were back on topic
And I was going to let these shenanigans go on to the next page  

What's the topic? Hard to sort it from those nasty shenanigans

I just pity a future investor who turns up in 6 months time doing research and has 700 pages of this to go through rather than the 376 I forced myself through.

Although I have to say, when you read "Fast-forward" style, you get a reward of a friedcat post every hour. In real-time, this thread is a lot less exciting, no disrepect intended, I'm eagerly awaiting my first real-time friedcat post 

[lophie]

Hmm low divs and BTC crashing? So this means cheaper shares again? My coins are ready.

[tkone]

Hmm low divs and BTC crashing? So this means cheaper shares again? My coins are ready.

btc crashing? i think its rising ofcourse there might be an inevitable crash, but what if there wont be one till later? makes me scared to sell coins lol

[lophie]

Hmm low divs and BTC crashing? So this means cheaper shares again? My coins are ready.

btc crashing? i think its rising ofcourse there might be an inevitable crash, but what if there wont be one till later? makes me scared to sell coins lol

yes, yeeees, sell them cheap coins..... no one wants them.... muahahahahaha

[freedomno1]

What were back on topic
And I was going to let these shenanigans go on to the next page  

What's the topic? Hard to sort it from those nasty shenanigans

I just pity a future investor who turns up in 6 months time doing research and has 700 pages of this to go through rather than the 376 I forced myself through.

Although I have to say, when you read "Fast-forward" style, you get a reward of a friedcat post every hour. In real-time, this thread is a lot less exciting, no disrepect intended, I'm eagerly awaiting my first real-time friedcat post  

When I started it was page 252 but future investors will just have to make do  
And we need more cat photos to add to the excitement for future readers hehe
Looks at clock oh sometime today

And 2.5 Wall is 100% Done

Jutarul
Final Update

0 shares available.
2000 shares paid.

Thank you all for participating in this successful transfer of equity. I hope that AM shares will be a good match for your portfolio.

[JimiQ84]

hashrate going down can be due to installation of new blades. friedcat mentioned new blade design by late june in blade sales thread. I suppose we are in late june

[Luckybit]

I'm interested in what happened in Africa in the 1990's and 2000's. In many parts there infrastructure is poor, and liable to being unmaintained, stolen, or destroyed by conflict. Many parts of Africa have good mobile phone networks, though, as they're relatively cheap to deploy and can be deployed in numbers to provide redundancy (or even just moved around on trucks). If you said to a villager in many parts of Africa that his mobile phone can generate $2 a day if it does Bitcoin, he'd probably offer his daughter to you.

I've had a couple more thoughts riffing on this idea over a glass of wine. Yes, it is after 5 where I am.  

Make the chips as cheap as possible, maybe even *pay* mobile phone makers to bundle them into handsets.

Consider collaborating with other leading Bitcoin miners to fund development. Design goals are the best performance possible with low power. It will be designed to go into a cheap phone, so sleek design is not so important, i.e., the phone might be a "brick" with a larger battery.

Great idea. The bitcoins on phone can be changed to credit automatically. A phne that makes its own free credit.

This is actually a brilliant idea and doable. The phone wouldn't last very long but if it's a disposable free phone then it can beat out the Obama phone the US government is offering. You could just distribute the free phone to anyone who currently has an Obama phone as marketing.

Is someone actually intending to work on this idea? It seems like it could be doable right now.

[Luckybit]

I'm interested in what happened in Africa in the 1990's and 2000's. In many parts there infrastructure is poor, and liable to being unmaintained, stolen, or destroyed by conflict. Many parts of Africa have good mobile phone networks, though, as they're relatively cheap to deploy and can be deployed in numbers to provide redundancy (or even just moved around on trucks). If you said to a villager in many parts of Africa that his mobile phone can generate $2 a day if it does Bitcoin, he'd probably offer his daughter to you.

I've had a couple more thoughts riffing on this idea over a glass of wine. Yes, it is after 5 where I am.  

Make the chips as cheap as possible, maybe even *pay* mobile phone makers to bundle them into handsets.

Consider collaborating with other leading Bitcoin miners to fund development. Design goals are the best performance possible with low power. It will be designed to go into a cheap phone, so sleek design is not so important, i.e., the phone might be a "brick" with a larger battery.

Great idea. The bitcoins on phone can be changed to credit automatically. A phne that makes its own free credit.

In some places in Africa, cell phone minutes are actually used as a type of currency. Once someone figures out how to implement this idea (although I am skeptical until batteries can put out a lot more juice), OR trade bitcoins via SMS, I think we will have a MASSIVE market that opens up in Africa.

Not just in Africa, the whole world really. Everyone uses cellphones and everyone wants free minutes.

[GIANNAT]

And 2.5 Wall is 100% Done

Jutarul
Final Update

0 shares available.
2000 shares paid.

Thank you all for participating in this successful transfer of equity. I hope that AM shares will be a good match for your portfolio.

Jutarul is long sighted eh.. He knows they aren't worth that much

[VeeMiner]

And 2.5 Wall is 100% Done

Jutarul
Final Update

0 shares available.
2000 shares paid.

Thank you all for participating in this successful transfer of equity. I hope that AM shares will be a good match for your portfolio.

Jutarul is long sighted eh.. He knows they aren't worth that much

don't buy then and go here:

https://bitcointalk.org/index.php?topic=235763.0

[freedomno1]

Jutarul is long sighted eh.. He knows they aren't worth that much

https://bitcointalk.org/index.php?topic=123743.msg1329795#msg1329795
He just needed to pay back his loan  

But for the bears
https://bitcointalk.org/index.php?topic=99497.msg1215571#msg1215571

Since I'm lurking in history

Random suggestions of the past time
https://bitcointalk.org/index.php?topic=99497.msg1203037#msg1203037
It would be nice if we had a wiki page, listing all the known ASIC competitors, their proposed product lines, their location, their specs and their production schedule.

Random prediction's of the past too
https://bitcointalk.org/index.php?topic=99497.msg1188741#msg1188741
https://bitcointalk.org/index.php?topic=99497.msg1164899#msg1164899

Sorry Jutarul your so old that your like a mystic in the post logs  
Keeps watching the Vets while not trying to be creepy about it hehe

[btharper]

I am not selling shares (I don't even own shares), someone is attempting to use my account to scam though and I apologise. DO NOT SEND ME MONEY. Thanks.