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SmiGueL
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August 14, 2013, 09:37:01 PM
Last edit: August 14, 2013, 10:23:45 PM by SmiGueL |
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why's Am only mining 10% of network - needs to start going up
Didnt firecat said that they focus to have 10%~ ? Stop being greedy and want them overachieve on every single aspect. I think it was 20%. no, it was 10% at least until 31th of december 2013. It's in one of the older FC updates He said that about the predicted 60TH/s. The predicted 60TH/s would have an average of 10% of the network in case the total network hashrate would go linear from 200TH/s till 1000TH/s between april and december. But if they deploy MORE than the 60 TH/s (which has already been ordered  ) then the numbers are totally different.  |
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Franktank
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August 14, 2013, 10:48:45 PM |
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why's Am only mining 10% of network - needs to start going up
It would be cool, but what gives BTC its value is the spread across miners. More income = less miners = slower adoption = less total value. 10% to 20% is well chosen value. AM is in the business of mining AND selling HW. Less people will buy HW if the difficulty and total net HR skyrockets. |
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jgarzik
Legendary
 Offline
Activity: 1596
Merit: 1091
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August 14, 2013, 11:45:33 PM |
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ASICMINER dividend transaction 2f8ae228e273c34591c5e7687da020a459a692daee6ea13bc62fa6701bb29504 remains unconfirmed after several hours. Hopefully ASICMINER mines their own payouts! |
Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own.
Visit bloq.com / metronome.io
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
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dhenson
Legendary
Offline
Activity: 994
Merit: 1000
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August 14, 2013, 11:48:44 PM |
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Considering they found a block 5 minutes ago, I'd say it's safe to say they aren't giving themselves any sort of priority. |
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jgarzik
Legendary
Offline
Activity: 1596
Merit: 1091
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August 15, 2013, 01:15:12 AM |
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Hopefully ASICMINER mines their own payouts!
From experience, they don't. Usually it's delayed because of unconfirmed inputs though... using a low fee is just stupid. Well, One standard miner practice is to behave economically rational: make the transaction zero-fee, and include it for free in a block that you mine. Including mining-pool-specific transactions in blocks you mine has been common for years, and I encourage ASICMINER to do the same. |
Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own.
Visit bloq.com / metronome.io
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
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lophie
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August 15, 2013, 03:37:44 AM |
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Where are you, speculators of 0.04BTC per share?
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Will take me a while to climb up again, But where is a will, there is a way...
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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August 15, 2013, 04:04:48 AM |
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"Guys, where's the money for 0.04 per share gonna come from?" "Volume!" Hahahahaha.   |
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JimiQ84
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August 15, 2013, 05:28:40 AM |
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Where are you, speculators of 0.04BTC per share?
Blade payments are delayed, because AM does its own escrow service - reseller sends funds to AM address, which are not used for dividends until miners are sent/delivered. This is going to happen on friday possibly. So - one week delay ;-) |
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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August 15, 2013, 07:39:09 AM |
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Where are you, speculators of 0.04BTC per share?
Blade payments are delayed, because AM does its own escrow service - reseller sends funds to AM address, which are not used for dividends until miners are sent/delivered. This is going to happen on friday possibly. So - one week delay ;-) Hmmmm. Then how do you explain the fact that AM paid out dividends double the amount as they made in mining income per share...? We will be conservative in our estimate here - that AM averaged 50 TH/s (they didn't, it was a bit lower) and that the difficulty was 31256960 for all of the past week (it wasn't, it was higher part of the time). That comes out to ฿5,631.30. Divided across 400,000 shares, that gets ฿0.01407825/share. There was supplemental income from somewhere. |
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JimiQ84
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August 15, 2013, 07:43:55 AM |
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Where are you, speculators of 0.04BTC per share?
Blade payments are delayed, because AM does its own escrow service - reseller sends funds to AM address, which are not used for dividends until miners are sent/delivered. This is going to happen on friday possibly. So - one week delay ;-) Hmmmm. Then how do you explain the fact that AM paid out dividends double the amount as they made in mining income per share...? We will be conservative in our estimate here - that AM averaged 50 TH/s (they didn't, it was a bit lower) and that the difficulty was 31256960 for all of the past week (it wasn't, it was higher part of the time). That comes out to ฿5,631.30. Divided across 400,000 shares, that gets ฿0.01407825/share. There was supplemental income from somewhere. From last shipment (last week)? ;-) |
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lophie
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August 15, 2013, 10:54:01 AM |
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Yawn, so no new car this week eh.......
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Will take me a while to climb up again, But where is a will, there is a way...
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bitfair
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August 15, 2013, 11:03:32 AM |
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Where are you, speculators of 0.04BTC per share?
Blade payments are delayed, because AM does its own escrow service - reseller sends funds to AM address, which are not used for dividends until miners are sent/delivered. This is going to happen on friday possibly. So - one week delay ;-) Hmmmm. Then how do you explain the fact that AM paid out dividends double the amount as they made in mining income per share...? We will be conservative in our estimate here - that AM averaged 50 TH/s (they didn't, it was a bit lower) and that the difficulty was 31256960 for all of the past week (it wasn't, it was higher part of the time). That comes out to ฿5,631.30. Divided across 400,000 shares, that gets ฿0.01407825/share. There was supplemental income from somewhere. Doesn't matter which specific week the "hi divz" come - ASICMINER has taken (or is currently taking) delivery of 262 TH/s worth of equipment. It will be deployed or sold - revenue will be used to grow the company, and profits will be paid to shareholders. The rest is details compared to this big picture! |
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beardays
Newbie
Offline
Activity: 39
Merit: 0
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August 15, 2013, 11:05:52 AM |
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Yawn, so no new car this week eh.......
who needs cars - asicminer gives you wings! |
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ThickAsThieves
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August 15, 2013, 12:19:00 PM |
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Where are you, speculators of 0.04BTC per share?
Blade payments are delayed, because AM does its own escrow service - reseller sends funds to AM address, which are not used for dividends until miners are sent/delivered. This is going to happen on friday possibly. So - one week delay ;-) Hmmmm. Then how do you explain the fact that AM paid out dividends double the amount as they made in mining income per share...? We will be conservative in our estimate here - that AM averaged 50 TH/s (they didn't, it was a bit lower) and that the difficulty was 31256960 for all of the past week (it wasn't, it was higher part of the time). That comes out to ฿5,631.30. Divided across 400,000 shares, that gets ฿0.01407825/share. There was supplemental income from somewhere. Don't forget they are still selling USB miners. |
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conv3rsion
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August 15, 2013, 07:07:38 PM |
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"Guys, where's the money for 0.04 per share gonna come from?" "Volume!" Hahahahaha. Quoting this for the future. |
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tinus42
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August 15, 2013, 07:22:42 PM |
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"Guys, where's the money for 0.04 per share gonna come from?" "Volume!" Hahahahaha. Quoting this for the future. +1 |
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Adrian-x
Legendary
Offline
Activity: 1372
Merit: 1000
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August 15, 2013, 07:41:33 PM |
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Yawn, so no new car this week eh.......
Your are hanging in for a car? |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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lophie
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August 15, 2013, 07:43:54 PM |
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Yawn, so no new car this week eh.......
Your are hanging in for a car? For this week my friend  , Already got many toys. |
Will take me a while to climb up again, But where is a will, there is a way...
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tinus42
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August 15, 2013, 07:53:44 PM |
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Yawn, so no new car this week eh.......
Your are hanging in for a car? For this week my friend , Already got many toys. Could you buy a car from one week's divs? Shees how many shares do you must have then?  |
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JimiQ84
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August 15, 2013, 07:56:36 PM |
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Yawn, so no new car this week eh.......
Your are hanging in for a car? For this week my friend , Already got many toys. Could you buy a car from one week's divs? Shees how many shares do you must have then? He means $500 car  |
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