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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916268 times)
jjdub7
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September 11, 2014, 03:42:38 PM
 #22901

In this case it is set to 10 BTC paid every hour, as long as the balance is big enough.
Got it. So the big unknown then is how big the balance is. Based on the block find rate on BTCGuild, I'm pretty sure it is wrong to assume AM has 13 PH.

They had 60 PH worth of chips, and the only reason they'd sell chips is if the margin on the sale exceeded revenues from using the chips for mining.  Use the example of stock futures, replacing "futures" with "chips" and "stock" with "BTC".  So in the end, a good measure of how profitable a chip manufacturer/seller is would be a "reseller ratio" of mining+sales over the equivalent mining output for the quantity of chips over a period of time (note that this would neglect added, responsive hashrate by competing miners).

Can we add this metric to any shareholder communications policies that are put in place in the future?  It would be interesting to see this ratio for each generation of chips that are produced.
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September 11, 2014, 03:51:02 PM
 #22902

This is pretty exciting! (at least, given the relative quiet of the past 6 months)

True enough just enjoying the standby myself and waiting to see what happens
Patiently awaits delivery

Believing in Bitcoins and it's ability to change the world
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September 11, 2014, 03:52:05 PM
 #22903

Apparently someone on havelock disagree with you guys, Good buying power on havelock, buy buy buy to da mooooon!

They've bought 4 shares. Hardly earth shattering  Cool

now if down to 0.17, there is almost 700 shares on the book!!!!. I personally consider this "thick"

Whatever, up is good. But we've been to 0.30 btc and back again all too frequently. be nice if this rise was based on some "facts" Smiley
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September 11, 2014, 03:55:55 PM
 #22904

Apparently someone on havelock disagree with you guys, Good buying power on havelock, buy buy buy to da mooooon!

They've bought 4 shares. Hardly earth shattering  Cool

now if down to 0.17, there is almost 700 shares on the book!!!!. I personally consider this "thick"

Whatever, up is good. But we've been to 0.30 btc and back again all too frequently. be nice if this rise was based on some "facts" Smiley

Oh, what I would give for some good, old fashioned 'facts' to cap off a good Thursday so far. If the past is any indication, that will not come to us until FC himself makes that fateful post "Dinner's served".
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September 11, 2014, 03:56:16 PM
 #22905

Apparently someone on havelock disagree with you guys, Good buying power on havelock, buy buy buy to da mooooon!

They've bought 4 shares. Hardly earth shattering  Cool

now if down to 0.17, there is almost 700 shares on the book!!!!. I personally consider this "thick"

Whatever, up is good. But we've been to 0.30 btc and back again all too frequently. be nice if this rise was based on some "facts" Smiley

fact: AM's historical mining address keeps stacking BTC. About 123 up to now. nom nom nom  ^^
https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

edit: so AM indeed started mining from july (at least on btcguild) and did not processed any withdrawals... Until now, with a 10 BTC threshold every hour. Question is... How many btc they have been accumulating?  Grin Cheesy
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September 11, 2014, 03:57:58 PM
 #22906

Apparently someone on havelock disagree with you guys, Good buying power on havelock, buy buy buy to da mooooon!

They've bought 4 shares. Hardly earth shattering  Cool

now if down to 0.17, there is almost 700 shares on the book!!!!. I personally consider this "thick"

Whatever, up is good. But we've been to 0.30 btc and back again all too frequently. be nice if this rise was based on some "facts" Smiley

fact: AM's historical mining address keeps stacking BTC. About 123 up to now. nom nom nom  ^^
https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

10 more Bitcoins with only 8 confirms
Nom nom nom indeed

At a pace of 10 BTC an hour the tease ^^.

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September 11, 2014, 04:02:49 PM
 #22907

blockchain.info marks the sending address as BTC Guild. AMs account (67117) on BTCGuild is still sitting around the same hashrate it's been at for the last month or so (270,868.32 GH/s). Just a little confused on what might be happening here.

The very exact value of 10 BTC each time also suggests it's not just mining income, which would vary by at least a small fraction of a bitcoin from payout to payout.

That just means they have their payout set at 10BTC, and it is accumulating at least 10BTC within an hours time.

Hard to tell what is going on but assuming the payout address keeps accumulating at this rate till next Wednesday it will be a significant dividend
One can dream since payouts tended to be on Wednesday
Until then we have to wait for FC to say something.

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September 11, 2014, 04:05:26 PM
 #22908

blockchain.info marks the sending address as BTC Guild. AMs account (67117) on BTCGuild is still sitting around the same hashrate it's been at for the last month or so (270,868.32 GH/s). Just a little confused on what might be happening here.

The very exact value of 10 BTC each time also suggests it's not just mining income, which would vary by at least a small fraction of a bitcoin from payout to payout.

That just means they have their payout set at 10BTC, and it is accumulating at least 10BTC within an hours time.

Hard to tell what is going on but assuming the payout address keeps accumulating at this rate till next Wednesday it will be a significant dividend
One can dream since payouts tended to be on Wednesday
Until then we have to wait for FC to say something.

if it is real (online hashing, not accumulated from previous weeks) then it would be 13PH/s. Which is nice  Smiley
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September 11, 2014, 04:06:02 PM
 #22909

Apparently someone on havelock disagree with you guys, Good buying power on havelock, buy buy buy to da mooooon!

They've bought 4 shares. Hardly earth shattering  Cool

now if down to 0.17, there is almost 700 shares on the book!!!!. I personally consider this "thick"

Whatever, up is good. But we've been to 0.30 btc and back again all too frequently. be nice if this rise was based on some "facts" Smiley

fact: AM's historical mining address keeps stacking BTC. About 123 up to now. nom nom nom  ^^
https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

edit: so AM indeed started mining from july (at least on btcguild) and did not processed any withdrawals... Until now, with a 10 BTC threshold every hour. Question is... How many btc they have been accumulating?  Grin Cheesy

Lol you think its only been on Guild?  Remember how the tubes could only work on GHash when they started out?  Remember how GHash was absolutely dominant for so long and has since been replaced by Discus Fish?  Methinks friedcat may have been putting a piece of the mine on GHash for a time because of the 0% fee...

The payouts from Guild might very well be just the residual from mining since the last divs were paid out using the last gen's chips.  Or can anyone confirm - was Guild one of the original pools that the tube/related hardware from gen3 could mine on?
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September 11, 2014, 04:10:19 PM
 #22910

Apparently someone on havelock disagree with you guys, Good buying power on havelock, buy buy buy to da mooooon!

They've bought 4 shares. Hardly earth shattering  Cool

now if down to 0.17, there is almost 700 shares on the book!!!!. I personally consider this "thick"

Whatever, up is good. But we've been to 0.30 btc and back again all too frequently. be nice if this rise was based on some "facts" Smiley

fact: AM's historical mining address keeps stacking BTC. About 123 up to now. nom nom nom  ^^
https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

edit: so AM indeed started mining from july (at least on btcguild) and did not processed any withdrawals... Until now, with a 10 BTC threshold every hour. Question is... How many btc they have been accumulating?  Grin Cheesy

Lol you think its only been on Guild?  Remember how the tubes could only work on GHash when they started out?  Remember how GHash was absolutely dominant for so long and has since been replaced by Discus Fish?  Methinks friedcat may have been putting a piece of the mine on GHash for a time because of the 0% fee...

The payouts from Guild might very well be just the residual from mining since the last divs were paid out using the last gen's chips.  Or can anyone confirm - was Guild one of the original pools that the tube/related hardware from gen3 could mine on?

Hum whatever. Nom nom nom Cool
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September 11, 2014, 04:18:11 PM
 #22911


fact: AM's historical mining address keeps stacking BTC. About 123 up to now. nom nom nom  ^^
https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

edit: so AM indeed started mining from july (at least on btcguild) and did not processed any withdrawals... Until now, with a 10 BTC threshold every hour. Question is... How many btc they have been accumulating?  Grin Cheesy

"Lol you think its only been on Guild..."

Hum whatever. Nom nom nom Cool

No, I agree - they've obviously been doing work via BTCGuild, but geez, imagine if this level of revenue starts coming in from other pools too
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September 11, 2014, 04:20:48 PM
 #22912


No, I agree - they've obviously been doing work via BTCGuild, but geez, imagine if this level of revenue starts coming in from other pools too

That would be a delicious stockpile, like waiting for a gourmet meal for a few hours
Usually worth it because it tastes damn good  Grin

..Stake.com..   ▄████████████████████████████████████▄
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September 11, 2014, 04:29:46 PM
 #22913

does btcguild limit 10btc per withdrawl on the topside?
im assuming they do.
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September 11, 2014, 04:31:53 PM
 #22914

does btcguild limit 10btc per withdrawl on the topside?
im assuming they do.

Nope. It just quite happily let me set my automatic withdrawal to 90,000 BTC per hour.

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September 11, 2014, 04:32:40 PM
 #22915

Yeah, I really don't know where this is going to lead... Obviously they can't be mining at 13 PH/s at the moment. At least not if they're included in the statistics. The recently mined blocks aren't that promising either... ummmm.... Still, this is the most promising thing for half a year or so. Does anyone have a Gandalf "Coins in the mining address, haven't seen those in a long time" meme? Cheesy

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September 11, 2014, 04:37:54 PM
 #22916


fact: AM's historical mining address keeps stacking BTC. About 123 up to now. nom nom nom  ^^
https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

edit: so AM indeed started mining from july (at least on btcguild) and did not processed any withdrawals... Until now, with a 10 BTC threshold every hour. Question is... How many btc they have been accumulating?  Grin Cheesy

"Lol you think its only been on Guild..."

Hum whatever. Nom nom nom Cool

No, I agree - they've obviously been doing work via BTCGuild, but geez, imagine if this level of revenue starts coming in from other pools too

I think they did mine with other pool as well but somehow consolidated the BTC revenues on their BTC Guild address. And now starts withdrawing at constant 10BTC/h pace.
Sky is the limit! ^^
F#cking excited! love you all! Kiss

edit: 133BTC!! Cheesy Cheesy Cheesy
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September 11, 2014, 04:39:46 PM
 #22917

hmmm.  So, if I had 1000 BTC sitting on guild.  (which I don't)
And I lowered my withdrawl amount to 10 BTC.
It would send me my limit amount every hour until it fell below that amount.
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September 11, 2014, 04:40:48 PM
 #22918

Train is taking off, how high will we go?
13 PH = almost 7 % of the network
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September 11, 2014, 04:41:21 PM
 #22919

hmmm.  So, if I had 1000 BTC sitting on guild.  (which I don't)
And I lowered my withdrawl amount to 10 BTC.
It would send me my limit amount every hour until it fell below that amount.


Are you imagining FC is making more than 10 BTC every hour on guild? Nice if it were so ...... Smiley
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September 11, 2014, 04:42:29 PM
 #22920


fact: AM's historical mining address keeps stacking BTC. About 123 up to now. nom nom nom  ^^
https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

edit: so AM indeed started mining from july (at least on btcguild) and did not processed any withdrawals... Until now, with a 10 BTC threshold every hour. Question is... How many btc they have been accumulating?  Grin Cheesy

"Lol you think its only been on Guild..."

Hum whatever. Nom nom nom Cool

No, I agree - they've obviously been doing work via BTCGuild, but geez, imagine if this level of revenue starts coming in from other pools too

I think they did mine with other pool as well but somehow consolidated the BTC revenues on their BTC Guild address. And now starts withdrawing at constant 10BTC/h pace.
Sky is the limit! ^^
F#cking excited! love you all! Kiss

edit: 133BTC!! Cheesy Cheesy Cheesy

Holy cow! This could be! Can you actually transfer BTC to BTCGuild? Maybe they've got some kind of inside deal if you usually can't? It's a perfect way of trickling in dividends to the actual mining address!

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