binaryFate
Legendary
Activity: 1512
Merit: 1012
Still wild and free
|
 |
August 28, 2013, 09:26:50 AM |
|
Based on data here: http://www.asicminercharts.com/live/I would bet 1BTC that we will see (at least once) the 24h-average equal or above 80TH/s, during the next 48h. Anybody takes it? I'll take your bet. Just a few more blocks in the next hours.. This is getting more exciting than I thought.  Little chance, but it IS still possible ^^ | 6 blocks in ~4h should be enough.
 This image is just for illustration purposes. The actual hashrate can (and have to be be) calculated and verified from data in the blockchain.5.5h to go... It will be hard for me... The hashrate does not look bad anyway, I still find likely that they finally increased the farm above 60. |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
|
|
|
|
Lohoris
|
|
August 28, 2013, 09:42:19 AM |
|
- how long has Friedcat been holding back dividends
- how much has he held back
Would it help if friedcat releases a cashflow statement everytime a dividend payment occurs? e.g. something like: x BTC dividend payment = x BTC revenue - x BTC withheld then the market can build their own balance sheet during the release of financial statements... It would help a lot. |
|
|
|
binaryFate
Legendary
Activity: 1512
Merit: 1012
Still wild and free
|
|
August 28, 2013, 09:50:37 AM |
|
Guys, I missed this, what with labcoin panic? Was there some news to trigger this? Looks good to me hehe  activemining seems to dip right now on btct, any possible link with labcoin panic? |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
|
|
|
freedomno1
Legendary
Activity: 1848
Merit: 1099
Learning the troll avoidance button :)
|
|
August 28, 2013, 09:51:59 AM
Last edit: August 28, 2013, 10:05:24 AM by freedomno1 |
|
Guys, I missed this, what with labcoin panic? Was there some news to trigger this? Looks good to me hehe activemining seems to dip right now on btct, any possible link with labcoin panic? They are late, Theswede said he can't contact the founders and he is the PR Rep, the developer does not want people to know his association with labcoin, and a few hero members cashed out at least that's what I got recently. (Edit in: All Fear Dissipated by news Panic Buy) Activemining people complaining that KenSlaughter has not released any real news and the EASIC agreement is the source of the conversation but nothing has happened. Lack of communication. AM: More Hash |
Believing in Bitcoins and it's ability to change the world
|
|
|
darrenyu
Member
Activity: 71
Merit: 10
|
|
August 28, 2013, 10:26:59 AM |
|
Guys, I missed this, what with labcoin panic? Was there some news to trigger this? Looks good to me hehe activemining seems to dip right now on btct, any possible link with labcoin panic? Labcoin panic due to no news and no chip on 8/26 they promise. There should be website update and news about chip of Labcoin. I think ASICMINER is the No1 and safe investment. |
*Image Removed*
|
|
|
|
BitCsByBit
|
|
August 28, 2013, 10:30:04 AM |
|
Guys, I missed this, what with labcoin panic? Was there some news to trigger this? Looks good to me hehe activemining seems to dip right now on btct, any possible link with labcoin panic? Labcoin panic due to no news and no chip on 8/26 they promise. There should be website update and news about chip of Labcoin. Labcoin has posted an update. |
Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
|
|
|
freedomno1
Legendary
Activity: 1848
Merit: 1099
Learning the troll avoidance button :)
|
|
August 28, 2013, 10:30:44 AM |
|
Guys, I missed this, what with labcoin panic? Was there some news to trigger this? Looks good to me hehe activemining seems to dip right now on btct, any possible link with labcoin panic? Labcoin panic due to no news and no chip on 8/26 they promise. There should be website update and news about chip of Labcoin. I think ASICMINER is the No1 and safe investment. Well now super buy in on news so left the post in speculation |
Believing in Bitcoins and it's ability to change the world
|
|
|
SebastianJu
Legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
|
|
August 28, 2013, 10:35:21 AM |
|
One thing that everyone should realize that its in Friedcat's interest for the share price to decrease significantly right before rolling out a 2nd generation of hardware or products. Why? Because he is the only person that knows exactly what the company is planning to do AND while he cannot sell his existing shares without those actions being known (via the blockchain), he can buy cheaply from others much more anonymously.
In other words, if you're Friedcat and you know the plans for the next 6 months or so, you can increase your company ownership much easier by first withholding dividends and / or newly purchased hardware for some period of time, then purchasing additional shares (on whatever market) at a reduced price. This is insider trading, but since this is a virtual market, there is no protection against it.
I'm not accusing Friedcat of anything, I'm simply explaining a consequence of the current market. I'm here for the dividends, the share price has lost 50% of its value, and it would take over 18 months for reduced dividends to make up the difference, but at the company's current valuation, I'm much more of a buyer than a seller.
Friedcat never showed any sign of moral lowness and he had many chances. At the moment he is probably the person i trust the most in bitcoin ventures. On top he always makes the correct decisions. |
Please ALWAYS contact me through bitcointalk pm before sending someone coins.
|
|
|
|
supert
|
|
August 28, 2013, 11:12:14 AM |
|
Difficulty has generally followed price whenever price has increased (though not necessarily when price has decreased). This makes sense intuitively because an increase in price increases the viability of mining up and until the subsequent increasing difficulty then reduces the viability of mining.
However, the current exponentially growing rate of difficulty is driven both by the order of magnitude increase in BTC / fiat and by the (multiple) order of magnitude increases in hashing rate from the use of ASICS. This may prove to be the fastest increase in difficulty that Bitcoin ever goes through.
Whats never been clear however is that the increases in difficulty then eventually result in further increases in the BTC / fiat rate. In fact, the opposite has been true with Litecoin, where difficulty increased until it wasn't sufficiently viable and then decreased slightly, while the price of LTC itself has been steadily decreasing since April. This is actually very similar to what happened to BTC in fall 2011.
Regarding the price spike, BTC is up across the board by at least 20% in the last 5 weeks (discounting gox). It seems there is growing consensus that the BTC price bubble has finally ended, and given its relative magnitude to the 2011 summer bubble, its very possible that it has. More interesting (to me) is that the exponential growth in difficulty has nearly doubled the temporary BTC inflation rate for a period of now nearly 3 months. That will (obviously) not continue over any substantial period of time for reasons that should be self evident.
Think about what that means for what is to come. I know what I'm doing.
I noticed the same mechanisms. The 2011 price bubble also coincided with the GPU mining coming on line. However I think the supply from miners and demand from commerce is minimal compared with investment supply/demand. Bitcoin prices like gold in that regard. |
|
|
|
|
binaryFate
Legendary
Activity: 1512
Merit: 1012
Still wild and free
|
|
August 28, 2013, 11:16:54 AM |
|
|
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
|
|
|
hcburger
Newbie
Activity: 13
Merit: 0
|
|
August 28, 2013, 11:19:37 AM |
|
Nice! I wonder how/why that happened. |
|
|
|
|
binaryFate
Legendary
Activity: 1512
Merit: 1012
Still wild and free
|
|
August 28, 2013, 11:21:36 AM |
|
Nice! I wonder how/why that happened. In a transaction, the fee is just the difference between the amount in inputs, and the amount in outputs, it is not a number explicitly written anywhere. A mistake can happen when you build a transaction "by hand", usually using your own lines of code that have a bug somewhere. |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
|
|
|
joele
Legendary
Activity: 1022
Merit: 1000
|
|
August 28, 2013, 11:21:59 AM |
|
Nice! I wonder how/why that happened. Easy 200 bitcoin edit: probably forgot to add the period, 00200 |
|
|
|
|
binaryFate
Legendary
Activity: 1512
Merit: 1012
Still wild and free
|
|
August 28, 2013, 11:27:52 AM |
|
With one more '0', it would have been significant on dividends Probably the poor programmer responsible for the mistake will try to contact AM. Some pool operators have kindly returned the amount or a part of it in similar situations. I hope for him honestly: it's a 25,000$ mistake, and maybe it's not even his money. |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
|
|
|
Mutated btc
Member
Activity: 84
Merit: 10
|
|
August 28, 2013, 11:30:27 AM |
|
Nice! I wonder how/why that happened. In a transaction, the fee is just the difference between the amount in inputs, and the amount in outputs, it is not a number explicitly written anywhere. A mistake can happen when you build a transaction "by hand", usually using your own lines of code that have a bug somewhere. i dont understand XD is it like AM owns that 200 btc? |
|
|
|
|
|
bbxx
|
|
August 28, 2013, 11:32:00 AM |
|
|
|
|
|
|
binaryFate
Legendary
Activity: 1512
Merit: 1012
Still wild and free
|
|
August 28, 2013, 11:36:34 AM |
|
Nice! I wonder how/why that happened. In a transaction, the fee is just the difference between the amount in inputs, and the amount in outputs, it is not a number explicitly written anywhere. A mistake can happen when you build a transaction "by hand", usually using your own lines of code that have a bug somewhere. i dont understand XD is it like AM owns that 200 btc? The fees of a transaction goes to the miner of the block into which it is included, so yes AM owns that 200BTC because they mined this block. |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
|
|
|
joele
Legendary
Activity: 1022
Merit: 1000
|
|
August 28, 2013, 11:38:16 AM |
|
Nice! I wonder how/why that happened. In a transaction, the fee is just the difference between the amount in inputs, and the amount in outputs, it is not a number explicitly written anywhere. A mistake can happen when you build a transaction "by hand", usually using your own lines of code that have a bug somewhere. i dont understand XD is it like AM owns that 200 btc? The fees of a transaction goes to the miner of the block into which it is included, so yes AM owns that 200BTC because they mined this block. He can ask AM to return the excess fee if sent by mistakes |
|
|
|
|
binaryFate
Legendary
Activity: 1512
Merit: 1012
Still wild and free
|
|
August 28, 2013, 11:40:03 AM |
|
Wow huge price drop! This is awesome news!!! |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
|
|
|
Dexter770221
Legendary
Activity: 1029
Merit: 1000
|
|
August 28, 2013, 11:42:03 AM |
|
Less BTC for dividends  Bitfury draws 8 times less power, and device with 4 bitfury chips (2,5GH/s each) would cost <300$ so it's definitevly not killed. https://bitcointalk.org/index.php?topic=266235.0 |
Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
|
|
|
|
