ASICMINER: Entering the Future of ASIC Mining by Inventing It

[CoinHoarder]

I received tracking info for all my Batch 3 orders this morning.

At least 48Th is coming online from Avalon Batch 3 in the next 7-14 days. (48Th not counting 4 module versions.)

This will add at least a %20 increase to the current difficulty. Add in 4 module versions and BFL, a possible network increase of %35 in the next 7-14 days. (this is a guess)

[rudrigorc2]

I received tracking info for all my Batch 3 orders this morning.

At least 48Th is coming online from Avalon Batch 3 in the next 7-14 days. (48Th not counting 4 module versions.)

This will add at least a %20 increase to the current difficulty. Add in 4 module versions and BFL, a possible network increase of %35 in the next 7-14 days. (this is a guess)

err.. that 20% diff increase just happened, now they must be turning them off and shipping. I say well see less than 10% increase next adjustment

[dree12]

I received tracking info for all my Batch 3 orders this morning.

At least 48Th is coming online from Avalon Batch 3 in the next 7-14 days. (48Th not counting 4 module versions.)

This will add at least a %20 increase to the current difficulty. Add in 4 module versions and BFL, a possible network increase of %35 in the next 7-14 days. (this is a guess)

err.. that 20% diff increase just happened, now they must be turning them off and shipping. I say well see less than 10% increase next adjustment

I don't think they mine with the chips; I believe they're incompetent rather than malicious. Consequently, they'll be another 20% diff increase. This pattern will continue for a few months.

[astutiumRob]

actually just did some math, Core i7 3930k does 66.6 MH/s;

You can get ~80MH/s out of an Intel iN series CPU - I've got an old one sitting in a DC which is averaging 78MH/s, uptime is several months, and it was just sitting there waiting for us to scrap  ...

[canth]

actually just did some math, Core i7 3930k does 66.6 MH/s;

You can get ~80MH/s out of an Intel iN series CPU - I've got an old one sitting in a DC which is averaging 78MH/s, uptime is several months, and it was just sitting there waiting for us to scrap  ...

Generating 1 satoshi at a time. Now you just need to invent cryosleep and wait for about a decade or so - you'll wake up a bitcoinaire.

[kokojie]

haha, I love the picture in this listing of AM product:

http://item.taobao.com/item.htm?spm=2013.1.w4018-2539601020.3.0PwXb8&scm=1007.168.0.0&id=19288654424&ad_id=&am_id=&cm_id=&pm_id=

[TsuyokuNaritai]

I've seen lots of posts and comments raising fears about AM's potential domination of the network, but no comments outside the AM threads about the new franchise plans, which at least partly address those fears. So I started this. Hope I don't end up regretting it...

[binaryFate]

I've seen lots of posts and comments raising fears about AM's potential domination of the network, but no comments outside the AM threads about the new franchise plans, which at least partly address those fears. So I started this. Hope I don't end up regretting it...

Great idea, thanks for doing this!

[freedomno1]

I've seen lots of posts and comments raising fears about AM's potential domination of the network, but no comments outside the AM threads about the new franchise plans, which at least partly address those fears. So I started this. Hope I don't end up regretting it...

Well true the AM threads been all over it time to send it off to the bitcoin forum wilderness

[J.R. BOB DOBBS]

haha, I love the picture in this listing of AM product:

http://item.taobao.com/item.htm?spm=2013.1.w4018-2539601020.3.0PwXb8&scm=1007.168.0.0&id=19288654424&ad_id=&am_id=&cm_id=&pm_id=

that can't be correct you need to peel the skin first then comes the soy sauce ha gimme lil slack! (=

[wo0x]

haha, I love the picture in this listing of AM product:

http://item.taobao.com/item.htm?spm=2013.1.w4018-2539601020.3.0PwXb8&scm=1007.168.0.0&id=19288654424&ad_id=&am_id=&cm_id=&pm_id=

Thx for the link. I will love the decreasing counter 'bout items in stock

[tinus42]

haha, I love the picture in this listing of AM product:

http://item.taobao.com/item.htm?spm=2013.1.w4018-2539601020.3.0PwXb8&scm=1007.168.0.0&id=19288654424&ad_id=&am_id=&cm_id=&pm_id=

I love it also. Has been my avatar for a while.  

[freedomno1]

haha, I love the picture in this listing of AM product:

http://item.taobao.com/item.htm?spm=2013.1.w4018-2539601020.3.0PwXb8&scm=1007.168.0.0&id=19288654424&ad_id=&am_id=&cm_id=&pm_id=

I love it also. Has been my avatar for a while.  

Hehe that wasn't even from the AM thread xd

[Super T]

Meanwhile... http://www.youtube.com/watch?v=l-bMqk41VlY

[Fabrizio89]

actually just did some math, Core i7 3930k does 66.6 MH/s;

You can get ~80MH/s out of an Intel iN series CPU - I've got an old one sitting in a DC which is averaging 78MH/s, uptime is several months, and it was just sitting there waiting for us to scrap  ...

An A8-6600K from AMD makes 66Mhash/s and it's here since a month (I have one). An A10-6800k can make more than 90. These are APUs (CPU with an integrated Graphic card).
But they are hardly a problem.

[twobits]

Yes, Friedcat is emailed a full shareholder list (includes email and btc address) several times a day.  If the servers ever got pulled, he has everything he needs to pull the shares back in-house to direct shares.

The shares already have an owner from Friedcat's perspective though.  Has he agreed he would use this list to change it, if it looked necessary?

[canth]

Yes, Friedcat is emailed a full shareholder list (includes email and btc address) several times a day.  If the servers ever got pulled, he has everything he needs to pull the shares back in-house to direct shares.

The shares already have an owner from Friedcat's perspective though.  Has he agreed he would use this list to change it, if it looked necessary?

Has Friedcat ever been unreasonable about shareholder ownership? I agree that we should have/get a confirmation, but I have full confidence that he would not leave us in the lurch.

[burnside]

Yes, Friedcat is emailed a full shareholder list (includes email and btc address) several times a day.  If the servers ever got pulled, he has everything he needs to pull the shares back in-house to direct shares.

The shares already have an owner from Friedcat's perspective though.  Has he agreed he would use this list to change it, if it looked necessary?

Has Friedcat ever been unreasonable about shareholder ownership? I agree that we should have/get a confirmation, but I have full confidence that he would not leave us in the lurch.

I have asked him to use the list in case anything should ever happen to me.  I suspect that should be sufficient.  If not, point him at this post. 

[Ninshatamoto]

ASICminer continues to mine blocks with low transaction numbers and thus low transaction fees.  Below is yet another example of the problem.  If you look at other previous blocks found by ASICminer you will see a lot of missed transaction fees and transactions and transaction fees which are passed on to the next miner to find a block.

Block #248746
Number Of Transactions 216
Output Total 2,176.04867471 BTC
Estimated Transaction Volume 679.60414694 BTC
Transaction Fees 0.1176 BTC
Timestamp 2013-07-27 17:48:34
Received Time 2013-07-27 17:49:25 
Relayed By Slush
Size 84.4375 KB
Block Reward 25 BTC

Block #248747
Number Of Transactions 21
Output Total 147.29007896 BTC
Estimated Transaction Volume 19.73619757 BTC
Transaction Fees 0.0075 BTC
Timestamp 2013-07-27 18:06:16
Received Time 2013-07-27 18:06:30 
Relayed By ASICMiner
Size 6.0869140625 KB
Block Reward 25 BTC

Block #248748
Number Of Transactions 512
Output Total 11,879.14269967 BTC
Estimated Transaction Volume 1,685.03073686 BTC
Transaction Fees 0.16167629 BTC
Timestamp 2013-07-27 18:19:29
Received Time 2013-07-27 18:20:17 
Relayed By Eligius
Size 226.224609375 KB
Block Reward 25 BTC

Is there any reason to really be worried about this until transaction fees make up a bigger part of the block reward?  The difference between 25.1176 and 25.0075 is 0.4%.  After being spread out to all the shareholders, the difference is less than a satoshi per share. 

I'm failing to see how investing any time at all in solving this "problem" will be more fruitful than spending those same time-resources somewhere else.

[Strange Vlad]

Well it is also a problem for people sending transactions.  They have to wait longer for an initial transaction confirmation because ASICminer is passing those transactions on to the next miner to find a block.

Exactly, and that's much more important than not getting that smallish additional tx-fee bonus.
I hope this question will get into the next round of TAT's questions.