ASICMINER: Entering the Future of ASIC Mining by Inventing It

[notme]

You can only make money with money. Just like in the current financial system.

Bitcoin isn't a magic money machine.  That would be a scam.  Your statement is true no matter what the asset, so long as it is a real good.

The part you are missing though is time.  You can only accumulate value with labor.  It doesn't matter if it is shoveling rock or trading companies or assets.  Labor is the key here and no matter what you want to accumulate you need to invest your labor into accumulating it.

Which law of economics is that?  

Warren Buffet doesn't have the bank account the size of a planet by working 7200 hours a day. Work smart.

Now back to your regularly scheduled wishing friedcat would let us know what was up and wondering why his node sucks.

First time I have mentioned it, ever.

Your as in the way a newscaster address the audience, although perhaps our would be clearer.  No need to get defensive.

[empoweoqwj]

You can only make money with money. Just like in the current financial system.

Bitcoin isn't a magic money machine.  That would be a scam.  Your statement is true no matter what the asset, so long as it is a real good.

The part you are missing though is time.  You can only accumulate value with labor.  It doesn't matter if it is shoveling rock or trading companies or assets.  Labor is the key here and no matter what you want to accumulate you need to invest your labor into accumulating it.

Which law of economics is that?  

Warren Buffet doesn't have the bank account the size of a planet by working 7200 hours a day. Work smart.

Now back to your regularly scheduled wishing friedcat would let us know what was up and wondering why his node sucks.

First time I have mentioned it, ever.

Your as in the way a newscaster address the audience, although perhaps our would be clearer.  No need to get defensive.

"Your as in the way a newscaster address the audience, although perhaps our would be clearer" - that's not even close to English my friend. Go back to school or shovelling rocks.

[chriswilmer]

I've been thinking about the low number of transactions per block issue and the assumption that we aren't a very well connected node.  This made me realize that if we aren't a very well connected node, then our orphaned block rate would be higher than normal as others finding blocks around the same time will be quicker to 'spread the news' and will therefore be the winner.

I then checked the blockchain.info orphaned block page https://blockchain.info/orphaned-blocks and sure enough, a high percentage of orphaned blocks are from AsicMiner.  edit... Out of the last 25 orphaned blocks, 11 belonged to AsicMiner.

I haven't run the numbers but I have a feeling that we are leaving a HUGE amount of bitcoin on the table.

Not only are we missing out on a huge amount of transaction fee's, but we're solving blocks that we aren't even getting credit for.  It seems to me that peering off a well connected node should be a simple fix.

Wow. This didn't occur to me. That is REALLY significant. Is there a board member listening to this? It would be a huge jump in efficiency to resolve this issue.

[notme]

You can only make money with money. Just like in the current financial system.

Bitcoin isn't a magic money machine.  That would be a scam.  Your statement is true no matter what the asset, so long as it is a real good.

The part you are missing though is time.  You can only accumulate value with labor.  It doesn't matter if it is shoveling rock or trading companies or assets.  Labor is the key here and no matter what you want to accumulate you need to invest your labor into accumulating it.

Which law of economics is that?  

Warren Buffet doesn't have the bank account the size of a planet by working 7200 hours a day. Work smart.

Now back to your regularly scheduled wishing friedcat would let us know what was up and wondering why his node sucks.

First time I have mentioned it, ever.

Your as in the way a newscaster address the audience, although perhaps our would be clearer.  No need to get defensive.

"Your as in the way a newscaster address the audience, although perhaps our would be clearer" - that's not even close to English my friend. Go back to school or shovelling rocks.

Now back to OUR regularly scheduled "wishing friedcat would let us know what was up" and "wondering why his node sucks".

Does that make it clear?

[empoweoqwj]

You can only make money with money. Just like in the current financial system.

Bitcoin isn't a magic money machine.  That would be a scam.  Your statement is true no matter what the asset, so long as it is a real good.

The part you are missing though is time.  You can only accumulate value with labor.  It doesn't matter if it is shoveling rock or trading companies or assets.  Labor is the key here and no matter what you want to accumulate you need to invest your labor into accumulating it.

Which law of economics is that?  

Warren Buffet doesn't have the bank account the size of a planet by working 7200 hours a day. Work smart.

Now back to your regularly scheduled wishing friedcat would let us know what was up and wondering why his node sucks.

First time I have mentioned it, ever.

Your as in the way a newscaster address the audience, although perhaps our would be clearer.  No need to get defensive.

"Your as in the way a newscaster address the audience, although perhaps our would be clearer" - that's not even close to English my friend. Go back to school or shovelling rocks.

Now back to OUR regularly scheduled "wishing friedcat would let us know what was up" and "wondering why his node sucks".

Does that make it clear?

Sure, let's get back on topic   

[rudrigorc2]

I've been thinking about the low number of transactions per block issue and the assumption that we aren't a very well connected node.  This made me realize that if we aren't a very well connected node, then our orphaned block rate would be higher than normal as others finding blocks around the same time will be quicker to 'spread the news' and will therefore be the winner.

I then checked the blockchain.info orphaned block page https://blockchain.info/orphaned-blocks and sure enough, a high percentage of orphaned blocks are from AsicMiner.  edit... Out of the last 25 orphaned blocks, 11 belonged to AsicMiner.

I haven't run the numbers but I have a feeling that we are leaving a HUGE amount of bitcoin on the table.

Not only are we missing out on a huge amount of transaction fee's, but we're solving blocks that we aren't even getting credit for.  It seems to me that peering off a well connected node should be a simple fix.

  how far can you go back and see this pattern?

[Pierre]

Here's what I noticed

http://blockchain.info/block-index/400004/00000000000000919cffff6ed0b97f2323b262f9e2912a62ccd24cc3047191b3

Timestamp
2013-07-17 03:24:07
Received Time
2013-07-17 03:26:05

EVERY block solved by AM takes TWO MINUTES to get received into the network. That is about 4 times longer than most other nodes:

http://blockchain.info/block-index/400003/000000000000006319cd633a4f0ab60febbca002d4520fcfa57680ee2959fb5e

this one took just 30 seconds.

The longer it takes for a block to get distributed by the network, the more chance that it will end up orphaned. This is probably also the problem with the small number of transactions in AM blocks, it just takes too long for them to get to the AM farm!

[Eric Muyser]

Here's what I noticed

http://blockchain.info/block-index/400004/00000000000000919cffff6ed0b97f2323b262f9e2912a62ccd24cc3047191b3

Timestamp
2013-07-17 03:24:07
Received Time
2013-07-17 03:26:05

EVERY block solved by AM takes TWO MINUTES to get received into the network. That is about 4 times longer than most other nodes:

http://blockchain.info/block-index/400003/000000000000006319cd633a4f0ab60febbca002d4520fcfa57680ee2959fb5e

this one took just 30 seconds.

The longer it takes for a block to get distributed by the network, the more chance that it will end up orphaned. This is probably also the problem with the small number of transactions in AM blocks, it just takes too long for them to get to the AM farm!

Somebody get AM some better pipes!

[stslimited]

Here's what I noticed

http://blockchain.info/block-index/400004/00000000000000919cffff6ed0b97f2323b262f9e2912a62ccd24cc3047191b3

Timestamp
2013-07-17 03:24:07
Received Time
2013-07-17 03:26:05

EVERY block solved by AM takes TWO MINUTES to get received into the network. That is about 4 times longer than most other nodes:

http://blockchain.info/block-index/400003/000000000000006319cd633a4f0ab60febbca002d4520fcfa57680ee2959fb5e

this one took just 30 seconds.

The longer it takes for a block to get distributed by the network, the more chance that it will end up orphaned. This is probably also the problem with the small number of transactions in AM blocks, it just takes too long for them to get to the AM farm!

Somebody get AM some better pipes!

they need to get out of the firewall maybe?

[cp1]

It doesn't make sense that China is blocking them from talking to other nodes -- couldn't they just have an offshore node and ssh tunnel to it?

[tkone]

i thought that maybe we demand a higher tx fee
that would be cool if AM only included tx that payed higher

that would give us more profit too!!! i think its already going on, i never tested it though, but i never really seen any of my transactions on a AM block that i can remember, but i usually use the minium like .001 or something

[notme]

i thought that maybe we demand a higher tx fee
that would be cool if AM only included tx that payed higher

that would give us more profit too!!! i think its already going on, i never tested it though, but i never really seen any of my transactions on a AM block that i can remember, but i usually use the minium like .001 or something

From the linked block above:

Transaction Fees   0.0146 BTC

It is similarly small for other blocks (at least the most recent 10 with one exception of 0.09 in fees).  I don't think your theory holds.

[msm595]

I've been thinking about the low number of transactions per block issue and the assumption that we aren't a very well connected node.  This made me realize that if we aren't a very well connected node, then our orphaned block rate would be higher than normal as others finding blocks around the same time will be quicker to 'spread the news' and will therefore be the winner.

I then checked the blockchain.info orphaned block page https://blockchain.info/orphaned-blocks and sure enough, a high percentage of orphaned blocks are from AsicMiner.  edit... Out of the last 25 orphaned blocks, 11 belonged to AsicMiner.

I haven't run the numbers but I have a feeling that we are leaving a HUGE amount of bitcoin on the table.

Not only are we missing out on a huge amount of transaction fee's, but we're solving blocks that we aren't even getting credit for.  It seems to me that peering off a well connected node should be a simple fix.

Just ran the numbers. ASICMiner has been solomining since 5/20 (roughly 75 orphan blocks in). Here is the breakdown of those 75 orphans:

Code:

192.81.215.101  : ▇ 1
BitMinter       : ▇▇▇▇▇▇▇▇ 6
EclipseMC       : ▇▇ 2
24.45.164.106   : ▇ 1
173.197.46.89   : ▇ 1
174.101.208.231 : ▇ 1
Bitparking      : ▇▇ 2
184.169.161.86  : ▇ 1
98.206.238.190  : ▇ 1
24.14.218.189   : ▇ 1
ASICMiner       : ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ 18
68.3.24.120     : ▇ 1
Deepbit         : ▇▇▇▇▇▇ 5
BTC Guild       : ▇▇▇▇▇▇▇▇▇▇▇▇▇ 10
84.133.197.138  : ▇ 1
71.201.17.119   : ▇ 1
68.148.13.180   : ▇ 1
Eligius         : ▇▇ 2
71.62.207.163   : ▇ 1
64.46.12.75     : ▇ 1
50BTC           : ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ 11
71.118.242.127  : ▇ 1
Slush           : ▇▇▇▇▇ 4

[Jutarul]

Just ran the numbers. ASICMiner has been solomining since 5/20 (roughly 75 orphan blocks in). Here is the breakdown of those 75 orphans:....

Would you be so kind and also calculate the number of solved and accepted blocks? This will give an indication of how large the percentage effect is. If it's around 2000 blocks the orphan rate is about 1%, which puts things in perspective.

[Franktank]

Just ran the numbers. ASICMiner has been solomining since 5/20 (roughly 75 orphan blocks in). Here is the breakdown of those 75 orphans:....

Would you be so kind and also calculate the number of solved and accepted blocks? This will give an indication of how large the percentage effect is. If it's around 2000 blocks the orphan rate is about 1%, which puts things in perspective.

+1

[dhenson]

If those numbers are correct, 11 out of the last 25 compared to 7 out of the 50 before that.  The problem appears to be getting worse.

Not including transactions is not just bad for profits, it's bad for bitcoin.  Needlessly orphaning blocks is just bad business, 1% or 10% doesn't matter when it's so easy to fix.

[friedfish]

news:   ASICMINER will announce new mining machines.

ASICMINER is developing a new model of mining machine. It's said the new model is kind like Avalon, at 100+Gh/s. AM will announce their new products after the software is ready. AM also has a new usb miner plan, and the number will be very very big.

[eleuthria]

Just to correct some likely bad info above:  The difference between timestamp and received time is not an indicator of the time it takes the block to propagate.  The timestamp for a block is part of the work miners do, even if it takes them 30 seconds to complete that work.  It's also defined by the system clock of the node (pool server) that created the work.

ASICMINER's solo poolserver probably has some minor time shifting (ntp would fix that), or their setup is creating work in bulk and caching it for as long as its valid.  The only downside to work caching/not updating work frequently is you'll end up losing out on additional transaction fees.  If it's just a drifting system clock, that's not a huge concern unless it drifts significantly away from actual time.

[davecoin]

news:   ASICMINER will announce new mining machines.

ASICMINER is developing a new model of mining machine. It's said the new model is kind like Avalon, at 100+Gh/s. AM will announce their new products after the software is ready. AM also has a new usb miner plan, and the number will be very very big.

While your post history is intriguing, do you have a source for a 100GH+ unit?

[friedfish]

There is a new BTC future and stock market. The volum is huge. ASICMINER stock is also traded there. If you are interested, you can use the following referral link https://796.com/invite/do/105764