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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916266 times)
donut
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February 12, 2014, 05:59:56 PM
 #17061

My payment is in a tx about 15 transactions down the unconfirmed chain.

I feel like this might get screwed up.
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ujka
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February 12, 2014, 07:08:16 PM
 #17062

My payment is in a tx about 15 transactions down the unconfirmed chain.

I feel like this might get screwed up.
Transactions are getting confirmed, but since included tx fees are less then recommended, priority for including those tx in a block is not very high. But they are comming through.
neilol
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February 12, 2014, 07:09:45 PM
 #17063

My payment is in a tx about 15 transactions down the unconfirmed chain.

I feel like this might get screwed up.

Still unconfirmed here as well

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February 13, 2014, 01:40:04 AM
 #17064

Not sure if others are still having problems, but mine confirmed here. There was a several hour delay on one of them, but that isn't unusual for AM dividend payouts.
empoweoqwj
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February 13, 2014, 01:54:59 AM
 #17065

Havelock paid about 30 minutes ago, so I presume they must have have gotten confirmed payment from AM
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February 13, 2014, 02:46:01 AM
 #17066

Looks like all divs are confirmed at least 45 times, I was not expecting things to go this well all things considered.

Good news coming out of AM, Divs were a little higher this week, divs confirmed with little issue, overall news for bitcoin in general is positive.  I see the share price going up quite a bit the next few months.

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February 13, 2014, 02:56:20 PM
 #17067

I have a question : the third-generation chip's payment considering USD and Bitcoins.   What if Friedcat would receive huge of USDs,  then How Friedcat pay shareholders Bitcoins ?  To buy huge Bitcoins in the market will certainly be hard .

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
ASICMINERTUBE
         The Best $/Gh Bitcoin Miner So Far              Discover now!
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ning
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February 13, 2014, 04:01:40 PM
 #17068

I have a question : the third-generation chip's payment considering USD and Bitcoins.   What if Friedcat would receive huge of USDs,  then How Friedcat pay shareholders Bitcoins ?  To buy huge Bitcoins in the market will certainly be hard .

As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.
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February 13, 2014, 04:11:34 PM
 #17069

Looks like all divs are confirmed at least 45 times, I was not expecting things to go this well all things considered.

Good news coming out of AM, Divs were a little higher this week, divs confirmed with little issue, overall news for bitcoin in general is positive.  I see the share price going up quite a bit the next few months.

AFAIK, there have not been any reports of problems sending BTC transactions with confirmed coins. Someone please point out if I've missed problems in that scenario. The only potential issue would be if friedcat were using a bitcoin client (like QT) which allowed him to send unconfirmed coins sent to the change address and he didn't wait for the change transactions to be confirmed.

Or am I missing something about the malleable tx 'flaw'?

bitcoin.newsfeed
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February 13, 2014, 04:42:57 PM
 #17070

AFAIK, there have not been any reports of problems sending BTC transactions with confirmed coins. Someone please point out if I've missed problems in that scenario. The only potential issue would be if friedcat were using a bitcoin client (like QT) which allowed him to send unconfirmed coins sent to the change address and he didn't wait for the change transactions to be confirmed.

Or am I missing something about the malleable tx 'flaw'?

I think you're right. AM is safe. I am watching on-going discussion and awaiting fix soon :

Code:
https://github.com/bitcoin/bitcoin/pull/3656

... Question Everything, Believe Nothing ...
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February 13, 2014, 06:26:36 PM
 #17071

I have a question : the third-generation chip's payment considering USD and Bitcoins.   What if Friedcat would receive huge of USDs,  then How Friedcat pay shareholders Bitcoins ?  To buy huge Bitcoins in the market will certainly be hard .

As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.
I really don't see ASICMiner accepting dollars in payment. Cash, check, credit card? LOL.

From what I've been reading, AM would name a price for gen 3 chips in USD but accept payment in the equivalent amount of BTC. So, as the BTCUSD rate goes up, the hardware becomes cheaper in BTC.

In order to maximize BTC dividends, hope for the current low exchange rate (Bitstamp is at $630) to continue...
minerpumpkin
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February 13, 2014, 07:09:10 PM
 #17072

I have a question : the third-generation chip's payment considering USD and Bitcoins.   What if Friedcat would receive huge of USDs,  then How Friedcat pay shareholders Bitcoins ?  To buy huge Bitcoins in the market will certainly be hard .

As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.
I really don't see ASICMiner accepting dollars in payment. Cash, check, credit card? LOL.

From what I've been reading, AM would name a price for gen 3 chips in USD but accept payment in the equivalent amount of BTC. So, as the BTCUSD rate goes up, the hardware becomes cheaper in BTC.

In order to maximize BTC dividends, hope for the current low exchange rate (Bitstamp is at $630) to continue...

These problems have been addressed by friedcat in his latest statement: https://bitcointalk.org/index.php?topic=99497.msg5025133#msg5025133

I should have gotten into Bitcoin back in 1992...
empoweoqwj
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February 14, 2014, 05:50:02 AM
 #17073

Just a warning - I've just had my havelock account hacked and all my AM1 shares stolen, and money withdrawn from account.

I had both 2FA enabled, and login from my own country, Thailand. The thief managed to bypass both of those somehow.

I'm devastated right now - I have asked havelock if they can do anything about it ....

That is why price has gone down at havelock - someone sold my 150 shares and then withdrawn the bitcoins.

All withdrawn to: 18jURpZJjcpdp8Utdf9tePVY4VGK84DmUy
romerun
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February 14, 2014, 06:00:44 AM
 #17074

are you using windows?
empoweoqwj
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February 14, 2014, 06:04:39 AM
 #17075

nope - Mac - and no, I didn't install that "Stealth Bit" malware
electerium
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February 14, 2014, 06:15:38 AM
 #17076

mitm attack?
shawshankinmate37927
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February 14, 2014, 06:19:52 AM
 #17077

nope - Mac - and no, I didn't install that "Stealth Bit" malware

That's the only computer you've used to logon to Havelock?

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
electerium
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February 14, 2014, 06:25:32 AM
 #17078

I've forgotten, but when you open an account for havelock, do you at any point enter in your country of origin?

I mean, if the answer is yes, it's insanely easy to just get a VPN connection to any country in the world to circumvent that aspect of security
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February 14, 2014, 06:46:54 AM
 #17079

Just a warning - I've just had my havelock account hacked and all my AM1 shares stolen, and money withdrawn from account.

I had both 2FA enabled, and login from my own country, Thailand. The thief managed to bypass both of those somehow.

I'm devastated right now - I have asked havelock if they can do anything about it ....

That is why price has gone down at havelock - someone sold my 150 shares and then withdrawn the bitcoins.

All withdrawn to: 18jURpZJjcpdp8Utdf9tePVY4VGK84DmUy

shit dude im sorry to hear, i would be fucking devastated. hope havelock can provide you with enough info to track the bastard down
VeeMiner
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February 14, 2014, 07:10:29 AM
 #17080

Just a warning - I've just had my havelock account hacked and all my AM1 shares stolen, and money withdrawn from account.

I had both 2FA enabled, and login from my own country, Thailand. The thief managed to bypass both of those somehow.

I'm devastated right now - I have asked havelock if they can do anything about it ....

That is why price has gone down at havelock - someone sold my 150 shares and then withdrawn the bitcoins.

All withdrawn to: 18jURpZJjcpdp8Utdf9tePVY4VGK84DmUy

brutal. sorry to hear that.

Havelock offline now...

sheeeitttt. Really sorry to hear that... I don't want to add fuel to fire or anything but best shares are the direct shares...
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