tinus42
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July 27, 2013, 07:35:29 AM |
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I love it also. Has been my avatar for a while.
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 27, 2013, 07:44:13 AM |
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I love it also. Has been my avatar for a while. Hehe that wasn't even from the AM thread xd
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Believing in Bitcoins and it's ability to change the world
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Fabrizio89
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July 27, 2013, 10:18:02 AM |
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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.
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twobits
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July 27, 2013, 11:47:14 AM |
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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?
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canth
Legendary
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Activity: 1442
Merit: 1001
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July 27, 2013, 12:44:54 PM |
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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.
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burnside
Legendary
Offline
Activity: 1106
Merit: 1006
Lead Blockchain Developer
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July 27, 2013, 06:40:32 PM |
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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.
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Ninshatamoto
Member
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Activity: 69
Merit: 10
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July 27, 2013, 07:31:02 PM |
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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.
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Strange Vlad
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July 27, 2013, 08:04:47 PM |
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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.
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Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. There is no spoon. Then you'll see, that it is not the spoon that bends, it is only yourself. 1CdVTkA288cd3m1jkdqPjUfhQ5ebei8gVT
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Birdy
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July 27, 2013, 08:22:06 PM |
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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. I agree, it's an important question.
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TheJuice
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July 27, 2013, 08:23:09 PM |
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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. Has AM commented on this?
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BigPimpinSpendinCoins
Newbie
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Activity: 13
Merit: 0
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July 27, 2013, 08:34:39 PM |
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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. Which bitcoin address do you include in this list? Is it the withdrawal address associated with the account?
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SebastianJu
Legendary
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Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
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July 27, 2013, 09:59:42 PM Last edit: August 13, 2013, 11:18:59 PM by SebastianJu |
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Point taken...
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Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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josiasrdz
Member
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Activity: 112
Merit: 10
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July 27, 2013, 10:03:27 PM |
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17yN2CQsYGBd3jEcNcWQDua4sViVP7YmC1
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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July 27, 2013, 10:35:36 PM |
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I fear Bitcoin is going to turn out to become a game for the rich. Who are either the lucky first adopters who didn't delete their wallet.dat or the likes of the Winklevii who were already rich and could afford to diversify into BTC. You can only make money with money. Just like in the current financial system. The Average Joe will just have to sweat to get scraps from the tables of the wealthy. Same as it ever was. Youre wrong. I found bitcoins 2 years ago and i looked at it the same way. The early adopters got rich, they have miners and can make money. But mining wasnt worth it anymore at that time. Buying hardware wouldnt turn into profit. But i thought bitcoins will rise. I bought some for 75€ and... mtgox was hacked... bitcoin fell to the bottom. Then i checked out how good i could mine with my hardware and found that its not worth it. Buying hardware for it was not effective either. So i stopped the time investment into bitcoin for the moment. Others already had the needed miners and buying with bitcoins was something very unusual. Then i came back and invested again some € in bitcoins because it looked like a good investment on its own. I thought that i could not only raise the worth by keeping it but i could invest them and earn even more when i have more bitcoins at the end. I checked out the free trading at bitcoin24com and created a bot to trade there. It was moderate successful through scalping. But i tended more to GLBSE. An exchange. I made a calc with all shares there, calculated the dividends and the prices to find the best investments and found that the mining investments bring income, but at the same time the share price lose value, so you dont really earn more really. I made some bad investments at glbse too (pirate passthrough, ...) but were lucky not to lose much. The only remaining interesting thing was Asicminer. I investigated and wrote some pm with friedcat and i found not a single doubt about the project. (I only invest now anymore in things i dont have a single doubt or bad feeling.) And friedcat looked like a complete honest person. So without finding a doubt i decided to invest some hundred €. I set the buying to 0.1BTC per share since i found that ocassionally someone filled all bid-orders up to that price. I dont understand the reason till now. But i sold bought shares a couple of times for 0.11 and higher and could buy more shares this way by buying again at 0.1btc. Then glbse collapsed. I found friedcat behaved professional again and finally nefario gave out the share details. So my shares were safe. And what should i say... the investment was very much worth it. The bitcoinprice was way lower back then and the asicminer share price got up even more. I quit my job (i hear already the outcry ), i would have searched another one anyway, and i now live officially from bitcoins i get from that asicminer investment. I pay tax on it, but in some months i dont even need that anymore because of the investment law in my country. I checked this with my tax accountant. So dont tell me its not possible to earn money with bitcoins anymore. When i found bitcoins i felt like the game was already over, mining wasnt worth it anymore and all others than me had made a fortune. You most probably will be an early adopter for the people coming in 10 years. Simple as that. My roommate was interested when i told her the outcome of all. She gave me 450€ to invest. Of course it cant be so much outcome like i got but till now her shares are worth 16 times of her investment. Over 7k€ She got more than her investment back in euros already and invested in burnin miners too. The invested amount of money of course is much money but not unbelievable much money no one can afford in live. Ok, i could have said the same like you 2 years ago, especially with bitcoins crashing. But if you think bitcoin is not at the end already you should rethink your statement. Are you familiar with the phrase "past performance does not guarantee future return"? The important word here is "guarantee". The observation that Bitcoin did well in the past does not serve as a reasonable argument for why it will continue to increase in value in the future.
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kokojie
Legendary
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Activity: 1806
Merit: 1003
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July 27, 2013, 11:08:40 PM |
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Friedcat should really hire some major pool operator, as a paid consultant, to help him figure out the problem with not including transactions.
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btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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klondike_bar
Legendary
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Activity: 2128
Merit: 1005
ASIC Wannabe
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July 27, 2013, 11:15:39 PM |
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Is it USA-only? I'm in canada and would love to order at least 3-5 of them!
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SmiGueL
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July 28, 2013, 01:11:43 AM |
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I'm a tiny bit displeased by the fact, that AM doesn't have love for the international anymore.. ;(
Seems that BTCGuild is gonna ship International in a few days! "International Sales Update: Starting August 2, international orders will become available." ( Source) Would be aaawesome if they decide to add the blades!
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gramma
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July 28, 2013, 05:53:35 AM |
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Of course. Oh well. It's hit my sweet spot for a toy, so ordered one. Looks like I'm far from being the only one. Good news for us!
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BTC: 1MrNRPo7p8DEyxn87c9BCGwrbatBQeCHc1
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