Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1055. (Read 3917543 times)

Assuming that AM haven't gone higher for the reasons you've articulated, what do you think the fix would be? Deploying kit in separate data centres? Having multiple pools for solo mining? I think I've read that they are in 2 data centres at the moment, or at least they switched from one to another.

It appears that the hardware selling, while reasonably successful, is not going to shift vast quantities of blades (unless the price drops over time), so AM are going to have to solve the problem of deploying vast quantities of blades, if it is in fact the issue that they have at the moment.

+1

Comparing it to google is so senseless I'm wondering if the guy has any idea how mining works.

edit: apparently that's not exactly what he meant, sorry (still it could have been phrased more clearly )

this +++

I've been lurking here quite a while and have read most every post beginning to end.  I find this "Virtual Entity" a fascinating experiment in unregulated, unverified, and anonymous business.  I truly mean that in a positive way.

Though, there is one thing that's troubled me during this adventure.

The "network and psu" issues have happened before and there is this "we're selling surplus inventory because we don't want to scare the bitcoin community with a 51% attack" thing.

first I monitor the hash data very closely and personally verify the calculations and numbers.  There is a "theoretical" 24 th/s deployed, but in general it hovers around 18 th/s with a 4th/s swing (2 above and 2 below) occasionally spiking another 2 in either direction. Now the network has consistently stays above 70 th/s and we haven't seen 50 th/s  in ages (bitcoin time).  AM could easily (theoretically) deploy 50 th/s without risking an approach to a 51% attack.

That being said, I can't accept the "we're selling surplus inventory because we don't want to scare the bitcoin community with a 51% attack" argument (not saying I'm right, I've just been running this around alone in my head and honestly am interested in hearing others views on the subject).  With my experience with software and hardware, I can only see the network and power management complexity double with double the hashrate.  At 200 th/s, it seems odd (in my mind) to think there is feasible infrastructure in place to deal with it.

It seems strange not see this discussed more and I'm honestly interested in a fruitful discussion about it.  

50% would still be potentially devastating. Imagine that the infrastructures of a major pool are suddenly down due to power cut, earthquake, whatever. From just below 50% it will go way above for few hours.

One could say google is doing more than fine as a business too... but they shouldnt stop growing because they already earn much money. I doubt that AM will get much problems as long as they stay below 50%... of course its hard to ensure this because the network isnt as linear.

Anywhere below 50 is fine.

you are exactly right. I think the most hashrate that AM should deploy is around 35 percent of the network. More than that would be harmful to the bitcoin enviroment and economy.

Friedcat has very good reasons NOT to deploy more hash power as long as AM hold the current high % of the global Bitcoin hashrate, and it's already close to 30%, so there is little margin here. Approaching 50%, let alone going over it would definitely (and rightfully) be seen as a threat to the security of the network (basically AM could decide what makes it to the blockchain or not, and double spend at wish), creating big FUD on BTC and probably plummeting the exchange rate. Friedcat does not want that to happen of course...

And that's not the only problem, it also wouldn't make sense economically. Always keep in mind that the money supply is constant (less the random variance, and difficulty retargeting every 2000 blocks window, that is removed when considering longer time frames). Let's suppose AM gets close to 100% of the hashrate at, say 200 Thash/sec. Then if it starts hashing at 400 Thash/sec, it would still earn close(r) to 100% and earn... just the same, but with twice the hardware costs, same for electricity costs. See the problem here?

As long as we don't do parabolic bubbles like Bitcoin does now and then we'll be fine 
Of course if it happened watching this thread would probably help us as we probably started at the low end Xd

It keeps growing,steady pace

It is nice to see how resilient the market is: we are still growing at a steady linear rate despite the many overbuys that were smoothly balanced.

Can see the movie version already  

Inserts
In a world where the blockchain is in constant turmoil
Only one group of ASICS can come out on top
For the hashing power, and the block reward
Insert some (dramatic scenes)
Miner Wars 2081
Coming soon ...

Who says that I did?
Though something like this would be great.

I don't think that's gonna happen now. It would only make sense if there was at least 400THash of non-AM in June, which doesn't look likely now. I think 200THash was predicated on BFL shipping in volume and all of the Avalon batches reaching customers. I think until we know for sure that hundreds of BFL customers have hardware in their hands AM won't over commit to deploying hardware too soon.

100TH is supposed to roll out in July for their shareholders, plus several times that for the founders in the months thereafter. But it's not yet clear if they're going to hit their estimates. KnCMiner and other hopefuls are aiming for September for first deliveries. When one of these players starts producing in volume, the network hash rate will go ballistic overnight as AM try to match them.

200 THash in June? Exo need more AM shares....

Smiguel we can always count on you to drop some deep knowledge on us and sexy charts

Haha!  We got him!  Best prank ever... 

We are doing it to confuse you. Gotcha!

Why do people care about asicminer's solo mining hashrate? The pool hashrate was useful to estimate the payout amount, but with solo mining you can directly see the exact payouts. Now people are going to great lengths to estimate the solo mining hashrate from the payouts, what's the purpose?

This cool ,mate!!!