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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916344 times)
Rannasha
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October 09, 2013, 08:20:01 AM
 #13601

Why these platforms closed? Can anyone post the back reason?

The US government is 'protecting' its citizens against the evils of bitcoin stocks.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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October 09, 2013, 08:35:05 AM
 #13602

Why these platforms closed? Can anyone post the back reason?

The US government is 'protecting' its citizens against the evils of bitcoin stocks.
Well, they are protecting some citizens all right.
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October 09, 2013, 10:13:57 AM
 #13603

When you look at how much dough has been lost through scams (Labcoin?) and just sheer incompetence maybe this is a good thing.  Between the 'short's BS and burnside's 'closing to US citizens' -> 'no I'm not...' -> 'closing for everybody' process, this scene is just embarassing...  Roll Eyes

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October 09, 2013, 10:16:35 AM
Last edit: October 09, 2013, 07:23:00 PM by glendall
 #13604

What's needed is a p2p exchange. Some folks are working on this, hoping their hard work will come to fruition.

edit: found bitcoinx project, gives me hope ;    http://www.bitcoinx.org/

.SUGAR.
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btcbot
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October 09, 2013, 10:32:38 AM
 #13605

What's needed is a p2p exchange. Some folks are working on this, hoping their hard work will come to fruition.

I'm not sure a hidden service wouldn't work just as well.  Somebody should just buy Burnside's code and use Tor. 

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tinus42
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October 09, 2013, 10:43:37 AM
 #13606

I am outta here guys. It was fun.... I am selling several shares....

it is gonna go less than 0.7

Lophie, so soon a change of heart?  Kiss

It's been a mad rollercoaster ride these last few days. Wink

I dumped all my AM100s (56) at 0.012 which I had bought at 0.018. Thought I could buy them back cheaper but that hasn't happened. Sad

sooo buy high, sell low?  k..

Well they dropped back to 0.011 now. I think they will go lower as fear of Havelock blocking US citizens grows, then I'll buy back in again. Wink
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October 09, 2013, 11:26:33 AM
 #13607

Div prediction?
I'd say 0.007~8.

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
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October 09, 2013, 11:48:59 AM
 #13608

And no chance to export into direct shares on bitfunder
You knew that in advance.
Obviously it was a stupid move to buy it over there, for that and more reasons.

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
DefaultTrust is very BAD.
Whtwabbit
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October 09, 2013, 12:12:24 PM
 #13609

Is this "118.244.207.6" an Asicminer franchise, they just found a block and 21 coins have been added to AM mining address


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
lophie
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October 09, 2013, 12:21:49 PM
 #13610

Is this "118.244.207.6" an Asicminer franchise, they just found a block and 21 coins have been added to AM mining address

and 4 coins were "forgotten"? I don't think so I think it is hardware sale.

Will take me a while to climb up again, But where is a will, there is a way...
JimiQ84
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October 09, 2013, 12:22:17 PM
 #13611

Is this "118.244.207.6" an Asicminer franchise, they just found a block and 21 coins have been added to AM mining address

no, this http://blockchain.info/address/1MuCywhYjiWgBxsSemPLbCDGdJ9vCsQEnR is asicminer's franchise. Coins are sent after every difficulty change, they are calculated by pre-defined PPS or something like that
VeeMiner
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October 09, 2013, 12:23:56 PM
 #13612

Is this "118.244.207.6" an Asicminer franchise, they just found a block and 21 coins have been added to AM mining address

and 4 coins were "forgotten"? I don't think so I think it is hardware sale.

you think that the franchise does things for free? Smiley Of course they have to pay for electricity, server rooms, they also have to make some profit so I don't think that they will send 25 BTC each block they find. Also I think most of the franchising partners are just mining on some pool...
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October 09, 2013, 12:28:19 PM
 #13613

Is this "118.244.207.6" an Asicminer franchise, they just found a block and 21 coins have been added to AM mining address

and 4 coins were "forgotten"? I don't think so I think it is hardware sale.

you think that the franchise does things for free? Smiley Of course they have to pay for electricity, server rooms, they also have to make some profit so I don't think that they will send 25 BTC each block they find. Also I think most of the franchising partners are just mining on some pool...

that block and IP address are totally unrelated to AM. It's probably 100TH mine.
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October 09, 2013, 04:35:11 PM
 #13614

0.00486048.

Disappointed.
friedcat (OP)
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October 09, 2013, 04:37:35 PM
 #13615

Quick Update

We are still on track of accumulating reinvestment funds, continuing from last month, so please expect less-than-raw-income dividends in the next few weeks. The financials will be given out in October 20s, as mentioned in the last update.

Self-retained (not sold) Hashrate distribution:

Air cooling datacenter - 47TH/s
Under franchising - 19TH/s
Immersion cooling - 5TH/s with 3-5TH/s per day towards 60TH/s in total.

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October 09, 2013, 04:40:27 PM
 #13616

Thanks friedcat! Smiley

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
VolanicEruptor
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October 09, 2013, 04:51:14 PM
 #13617

Quick Update

We are still on track of accumulating reinvestment funds, continuing from last month, so please expect less-than-raw-income dividends in the next few weeks. The financials will be given out in October 20s, as mentioned in the last update.

Self-retained (not sold) Hashrate distribution:

Air cooling datacenter - 47TH/s
Under franchising - 19TH/s
Immersion cooling - 5TH/s with 3-5TH/s per day towards 60TH/s in total.

WE NEED HASH POWAR

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October 09, 2013, 04:54:32 PM
 #13618

Quick Update

We are still on track of accumulating reinvestment funds, continuing from last month, so please expect less-than-raw-income dividends in the next few weeks. The financials will be given out in October 20s, as mentioned in the last update.

Self-retained (not sold) Hashrate distribution:

Air cooling datacenter - 47TH/s
Under franchising - 19TH/s
Immersion cooling - 5TH/s with 3-5TH/s per day towards 60TH/s in total.

How's the 500 TH/s coming?  when will they be for sale?

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October 09, 2013, 04:56:26 PM
 #13619

We don't need more Gen1 hash power, financials or updates. We need to get out of the ASIC stone age.

That said, I'm sure Friedcat is painfully aware of this fact and the dip in AM valuation is only temporary. I.e. it might be good time to buy some shares @ <1 BTC. The sellers will have paid their reinvestment fees for you and you will be able to reap the rewards in the future. (Assuming Gen2 will be competitive for at least a quarter or 2)
VolanicEruptor
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October 09, 2013, 05:10:42 PM
 #13620

We don't need more Gen1 hash power, financials or updates. We need to get out of the ASIC stone age.

That said, I'm sure Friedcat is painfully aware of this fact and the dip in AM valuation is only temporary. I.e. it might be good time to buy some shares @ <1 BTC. The sellers will have paid their reinvestment fees for you and you will be able to reap the rewards in the future. (Assuming Gen2 will be competitive for at least a quarter or 2)

Are gen2 not ASICs as well? 

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