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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3880603 times)
dhenson
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March 01, 2014, 12:10:03 AM
 #17461

So the chart is depicting blocks solved rather than hash rate as stated?

Correct.  It's really a hash rate estimation.
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necro_nemesis
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March 01, 2014, 12:19:42 AM
 #17462

So the chart is depicting blocks solved rather than hash rate as stated?

Correct.  It's really a hash rate estimation.

Thanks. Looking at the historical rates, that's quite a variance. I was comparing percentages of the network and AM was roughly equivalent to Slush who typically find 4 or so blocks daily currently so I don't see this number as an anomaly but the previous hash rate I would expect to be higher unless of course that percentage is reflected in this spike and all comparisons are results from blocks found.
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March 01, 2014, 12:36:22 AM
 #17463

I was thinking about the blocks and hashrate stuff. Even if FC was testing, one could not reasonably expect a very large increase in hashrates from a few test machines? Just wondering out loud...
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March 01, 2014, 01:09:49 AM
 #17464

Agreed and from friedcats statement from the 10th of December the strategic plan was to supply more ASICs to market over construction of mining operations at that time. I believe they retained the power edge they were looking for to mine. Physics which determines the cost to run hardware is going to be the limiting factor to profit from mining in time. Now if you're catering to shareholders you're emphasis on various strategies may read slightly different than if you're attempting to sell ASICs. For the latter you really don't want to present yourself as putting a large volume of ASICs into play which compete directly with the hardware you're selling. I would have to say watching for indicators isn't necessarily a complete wasted effort in the absence of an official release of information.


How will Gen 3 be divided between mining, franchising and hardware sales?
It depends on the users of our chips. It is a safe bet that we will be moving more to pure chip distribution. But if the edge of low cost on whole devices and deploying still exists in 2014 on our side, we will do more mining/franchising/hardware sales ourselves.


Either way it's beneficial for AM to have the flexibility to work various strategies.
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March 01, 2014, 01:18:47 AM
 #17465

...

How will Gen 3 be divided between mining, franchising and hardware sales?
It depends on the users of our chips. It is a safe bet that we will be moving more to pure chip distribution. But if the edge of low cost on whole devices and deploying still exists in 2014 on our side, we will do more mining/franchising/hardware sales ourselves.


Either way it's beneficial for AM to have the flexibility to work various strategies.

they're just going to rule the whole industry.  Cool
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March 01, 2014, 01:49:40 AM
 #17466

I am running under the assumption that dividends are transferred directly into my Havelock Investments account as free balance without requiring any additional action. Is this correct assumption and what happens when shares are transferred to direct shares?
minerpumpkin
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March 01, 2014, 01:58:38 AM
 #17467

I am running under the assumption that dividends are transferred directly into my Havelock Investments account as free balance without requiring any additional action. Is this correct assumption and what happens when shares are transferred to direct shares?

Yes. The dividends of direct shares go directly to the address that holds the respective shares.

The address just received some BTC. Not a new block, but apparently some pool or franchising. Maybe they've hooked the supposedly new hardware up to a pool and won't see the results until a payout occurs Tongue Speculating is fun.

I should have gotten into Bitcoin back in 1992...
necro_nemesis
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March 01, 2014, 02:09:38 AM
 #17468

Hmmm. I believe what I see in my Havelock account may the result of being the beneficiary of that but I'm doubtful as it coincides with stock purchase. What was the timestamp on the deposit?

Maybe AM is so wonderful they reward you for buying shares.  Cheesy
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March 01, 2014, 02:12:47 AM
 #17469

Hmmm. I believe what I see in my Havelock account may the result of being the beneficiary of that but I'm doubtful as it coincides with stock purchase. What was the timestamp on the deposit?

Maybe AM is so wonderful they reward you for buying shares.  Cheesy

look at the bottom of your Account Overview  page for most recent transactions. Click Transactions in the right sidebar For a full list. Each transaction has a description.
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March 01, 2014, 02:24:32 AM
 #17470

Thanks I figured it out. It wasn't a dividend it was my order completion with some fills below my bid. The remaining balance of what was committed to the purchase moved back to escrow and is coincidental to the final shares being filled.
minerpumpkin
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March 01, 2014, 02:57:14 AM
 #17471

Keep in mind that dividends are paid weekly, every wednesday.

I should have gotten into Bitcoin back in 1992...
cs54
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March 01, 2014, 03:23:42 AM
 #17472

Hmm 13btc inbound. Any ideas where that is coming from? I thought we were only expecting the magic 25 from block rewards
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March 01, 2014, 04:13:14 AM
 #17473

Hmm 13btc inbound. Any ideas where that is coming from? I thought we were only expecting the magic 25 from block rewards

That most likely means that someone started franchising at the difficulty change a few days ago, makes sense.
jimmothy
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March 01, 2014, 06:25:46 AM
 #17474

Hmm 13btc inbound. Any ideas where that is coming from? I thought we were only expecting the magic 25 from block rewards

That most likely means that someone started franchising at the difficulty change a few days ago, makes sense.

My guess as well. Although this would assume they had plenty of extra gen1 chips to basically test the datacenter with before swapping it with gen3.

Since the immersion-cooled datacenter will house 1ph I think franchising could be another 2-3ph + 1-2ph for asicminers other solomining farms
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March 01, 2014, 12:57:55 PM
 #17475

Keep in mind that dividends are paid weekly, every wednesday.

So buy on Tuesday, sell on Thursday?  Grin

My sense is this will be the final development in acquiring the remainder of coins due to mining cost competition. There's less and less fat so looking for the mean and lean approach.
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March 01, 2014, 02:54:31 PM
 #17476

Looks like those 2 oddly priced blocks have been re-valued and there's 2 new 7k +1.3K blocks?

Interesting...  Cheesy

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ujka
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March 01, 2014, 03:51:55 PM
 #17477

Looks like those 2 oddly priced blocks have been re-valued and there's 2 new 7k +1.3K blocks?
What oddly priced blocks? Where?
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March 01, 2014, 04:21:06 PM
 #17478

Looks like those 2 oddly priced blocks have been re-valued and there's 2 new 7k +1.3K blocks?
What oddly priced blocks? Where?

Looking here:

https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

Last night, there were two transactions (should have called them tsx's not blocks) of, I believe the same amounts: $ 1,362.00 and $ 7,307.78.  That was when there were 5 blocks since the 26th.  Now there are 7 transactions since the 26th and I see no tsx's for the 28th, now.  

I got no idea what's...

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ujka
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March 01, 2014, 06:08:08 PM
 #17479

Looks like those 2 oddly priced blocks have been re-valued and there's 2 new 7k +1.3K blocks?
What oddly priced blocks? Where?
Looking here:

https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

Last night, there were two transactions (should have called them tsx's not blocks) of, I believe the same amounts: $ 1,362.00 and $ 7,307.78.  That was when there were 5 blocks since the 26th.  Now there are 7 transactions since the 26th and I see no tsx's for the 28th, now.  
Oh yes, I see, two transactions to AM mining address.

The one with 13 btc is from some franchise miner that's mining on BTCGuild (follow tsx back). Nothing strange, happens almost every week, look previous tx to AM mining address.

The other one, for 2.4 btc is from some shareholder with 8360 shares Smiley Maybe he's donating something back Wink
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March 02, 2014, 12:01:34 AM
 #17480

PSA: Havelock has now taken over management of the passthrough on their site:

Address: 1J5fvfUrDcZj8rrpVHMgn8u7sXee84QkPd

Currently has 19733 shares tied to it (subject to change) and the new email is now AMFund@havelockinvestments.com.

On behalf of all the passthrough users, thanks for starting and managing the passthrough to this point ThickasThieves.
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