silverfuture
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Activity: 947
Merit: 1008
central banking = outdated protocol
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June 13, 2014, 11:07:36 AM |
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I wonder if FC is going to bid at the auction?
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yokione
Newbie
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Activity: 8
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June 13, 2014, 11:28:04 AM |
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I wonder too. It's a good opportunity to convert the income fiat into BTC with low price. I wonder if FC is going to bid at the auction?
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elasticband
Legendary
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Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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June 13, 2014, 11:58:20 AM |
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how much would the market move if someone tried to buy 144,000 btc on bitstamp.
I have a feeling the auction will end above market price but way bellow the price effect trying to buy 144,000 btc would have on a exchange price.
its a great entry opportunity for those with the capital to spare
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Another User
Member
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Activity: 74
Merit: 10
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June 13, 2014, 12:00:42 PM |
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WHERE IS THE HERO WE NEED BUT NOT DESERVE?!
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RoadStress Sock Puppet
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rudi
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June 13, 2014, 01:14:16 PM |
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WHERE IS THE HERO WE NEED BUT NOT DESERVE?! Once AM starts self-mining again, I would really love to see them use p2pool. I expect that more miners would jump into p2pool if p2pool's share of the total hashrate is greater than now (i.e. greater than ~1% of the total hashrate). This would really be great for all of bitcoin. As a side-effect it would also once again paint AM in a very positive light. I noticed that this was proposed before, a very long time ago, when it was considered plausible that AM capture more than 50% of the total hashrate: Yea that won't be a problem. The network is huge, even with massive production of ASICS it won't reach 51% and even if it would, they would have no incentive to attack the system as their whole investment is based on the Bitcoins they mine and that they can sell them off to make a profit. If they each 51% I suggest mining a p2pool. //DeaDTerra
Thanks for answering when I was away. Yes, we are part of the Bitcoin world and rely on the security of Bitcoin to succeed. And if we ever reach 51%, we could use p2pool, or scatter our hashrates to different mining pools with explicit names like ASICMINER, and hence make the statistics public to all people who are concerned.
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Anotheranonlol
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June 13, 2014, 01:31:57 PM |
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With the dropping rate of the BTC from the U.S. Gov selling off the 29,656 BTC, does anyone anticipate any significant movement in the mining industry/total network hashrate? Since the drop of the news here, BTC has taken quite a tumble from mid 600 to now upper 500s. Here is the timeline of event: June 23rd: Bidder Registration June 27th: Auction from 6am - 6pm EDT June 30th: Winners notified July 1st: Wire Transfer Deadline for Winning Parties This is not meant to start a flame war about political views or speculation of BTC price in the coming weeks; rather how does this potentially effect all current miners with potential massive price swings in either way. Moreover, does this news mean a change of plans for the end of June and early July? U.S. Marshall's Announcement of BTC Auction: http://www.usmarshals.gov/assets/2014/bitcoins/Funniest part of that was the clause that $200k deposit is non refundable upon a late bid.
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NotLambchop
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June 13, 2014, 02:08:51 PM |
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WHERE IS THE HERO WE NEED BUT NOT DESERVE?! Sorry for [kinda] OT, but... Greetings Eligius miners,
So, after some investigation over the past month or so, it turns out a couple of clients/addresses were involved in a “block withholding attack” against Eligius which has cost us an estimated 300 BTC, and likely miners of other pools as well. A block withholding attack is where a miner submits low difficulty shares but does not submit block solutions— so they appear to be working for the pool and continue to get paid while not actually doing useful work for the pool. [...]
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laustcozz
Newbie
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Activity: 32
Merit: 0
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June 13, 2014, 07:22:47 PM |
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Once AM starts self-mining again, I would really love to see them use p2pool. I expect that more miners would jump into p2pool if p2pool's share of the total hashrate is greater than now (i.e. greater than ~1% of the total hashrate). This would really be great for all of bitcoin. As a side-effect it would also once again paint AM in a very positive light. Either this or start our own pool that mimics the payouts of Ghash.io. I think most people would like to get off of Ghash if there were an option as profitible to hop into. Running a pool would be a really nice way to get continuing income as well. With the hashrate we command it shouldn't be hard to get the ball rolling on a ghash competitor, maybe even just straight up buy out a smaller pool that already exists.
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TheJuice
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June 13, 2014, 07:42:58 PM |
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WHERE IS THE HERO WE NEED BUT NOT DESERVE?! Once AM starts self-mining again, I would really love to see them use p2pool. I expect that more miners would jump into p2pool if p2pool's share of the total hashrate is greater than now (i.e. greater than ~1% of the total hashrate). This would really be great for all of bitcoin. As a side-effect it would also once again paint AM in a very positive light. Either this or start our own pool that mimics the payouts of Ghash.io. I think most people would like to get off of Ghash if there were an option as profitible to hop into. Running a pool would be a really nice way to get continuing income as well. With the hashrate we command it shouldn't be hard to get the ball rolling on a ghash competitor, maybe even just straight up buy out a smaller pool that already exists. A crowdfunded 0% pool would be nice. I wish I had more time to take up that endeavor.
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mc_lovin
Legendary
Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
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June 13, 2014, 10:42:11 PM |
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WHERE IS THE HERO WE NEED BUT NOT DESERVE?! Once AM starts self-mining again, I would really love to see them use p2pool. I expect that more miners would jump into p2pool if p2pool's share of the total hashrate is greater than now (i.e. greater than ~1% of the total hashrate). This would really be great for all of bitcoin. As a side-effect it would also once again paint AM in a very positive light. Either this or start our own pool that mimics the payouts of Ghash.io. I think most people would like to get off of Ghash if there were an option as profitible to hop into. Running a pool would be a really nice way to get continuing income as well. With the hashrate we command it shouldn't be hard to get the ball rolling on a ghash competitor, maybe even just straight up buy out a smaller pool that already exists. ASICMINERPOOL. DOOOOO EEEEEEET!
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raskul
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June 13, 2014, 10:47:49 PM |
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WHERE IS THE HERO WE NEED BUT NOT DESERVE?! Once AM starts self-mining again, I would really love to see them use p2pool. I expect that more miners would jump into p2pool if p2pool's share of the total hashrate is greater than now (i.e. greater than ~1% of the total hashrate). This would really be great for all of bitcoin. As a side-effect it would also once again paint AM in a very positive light. Either this or start our own pool that mimics the payouts of Ghash.io. I think most people would like to get off of Ghash if there were an option as profitible to hop into. Running a pool would be a really nice way to get continuing income as well. With the hashrate we command it shouldn't be hard to get the ball rolling on a ghash competitor, maybe even just straight up buy out a smaller pool that already exists. mmpool.org does the same merge mining as ghash.io, and uses DGM, which is a more fair method of mining. so, there is already a pool out there to compete with ghash.io.... you just need to point your workers there. here's me: http://mmpool.org/user/rgs (that particular worker has been hashing there from ~46hours into this round) if you feel the large pools are dominating, join a smaller pool... there are plenty of options if you want to choose something else. but.. please, join mmpool.org if you feel ghash is becoming scarily close to a network breach.
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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kingcrimson
Legendary
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Activity: 1025
Merit: 1000
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June 14, 2014, 02:43:11 AM |
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With the recent 51 % news, ASICMiner is the only company right now that can save bitcoin.
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spartan82
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June 14, 2014, 03:30:56 AM |
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June-July is here, lets get mining already! AM should have its own pool for solo mining and our franchisees mining operations too.
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RoadStress
Legendary
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Activity: 1904
Merit: 1007
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June 14, 2014, 04:35:03 AM |
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With the recent 51 % news, ASICMiner is the only company right now that can save bitcoin.
I must disagree!
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Fordee
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June 14, 2014, 05:17:01 AM Last edit: June 14, 2014, 05:28:13 AM by Fordee |
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With the recent 51 % news, ASICMiner is the only company right now that can save bitcoin.
I must disagree! Cool.. is Spondoolies selling cheap chips and providing open source designs too??? (I have nothing against Spondoolies machines, they look well made and sexy for datacenter stuff.. I just can't afford one, because i've lost 90% my BTC simply by proudly holding my Asicminer shares... Stockholm syndrome and all that stuff)..
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bitcoin.newsfeed
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June 14, 2014, 05:51:52 AM |
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Network hashing speed crossed 100 Ph May-June for air cooling and June-July for immersion cooling. They are only capable of 3PH. Most should go franchising or as chips for other vendors' OEM products. It would be nice to see live hash meter from ASICminer farm, or does Friedcat want to mine in secret ? its not very honest way to shareholders ... we're waiting so damn long, its summer again.
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... Question Everything, Believe Nothing ...
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necro_nemesis
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June 14, 2014, 10:24:05 AM |
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Brief Answers to Shareholder Questions4) When will dividends start, and how frequently will they occur?
When the cash-flow becomes positive. After we decide to put significant quantity of chips on ASICMiner owned farms it should be per week. Before that, per month. Any updates into where these dates now stand?
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Lohoris
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June 14, 2014, 11:05:04 AM |
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Funniest part of that was the clause that $200k deposit is non refundable upon a late bid.
I don't understand, can you clarify please?
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raskul
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June 14, 2014, 11:08:32 AM |
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With the recent 51 % news, ASICMiner is the only company right now that can save bitcoin.
I must disagree! +1 also, nothing to do with hardware manufacturers whatsoever - the bitcoin network hashrate is in the hands of us, the miners of Bitcoin. mmpool.org just found a block, best time to hop in is the start of a new round! do it now
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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bitsalame
Donator
Hero Member
Offline
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
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June 14, 2014, 11:10:41 AM |
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Funniest part of that was the clause that $200k deposit is non refundable upon a late bid.
I don't understand, can you clarify please? He Is talking about the auction of seized silk road bitcoins by US Marshalls. To participate in the auction you must deposit 200K USD to the federal government. If you bid late, they keep the deposit.
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