https://forums.butterflylabs.com/bfl-forum-miscellaneous/2604-10-may-2013-update.html
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1116. (Read 3917568 times)
If you can be bothered...
https://forums.butterflylabs.com/bfl-forum-miscellaneous/2604-10-may-2013-update.html
https://forums.butterflylabs.com/bfl-forum-miscellaneous/2604-10-may-2013-update.html
WOOT!! Another auction!!! https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-50-block-erupter-blades-everyone-won-see-op-201753
Get ready for next Wednesday's juicy dividends!!
Get ready for next Wednesday's juicy dividends!!
If the income was passed on in full (not a given of course) it would be about 0.00625 per share, a bit over half last-week's dividend.
Meanwhile it looks as though AM are doing some rejigging at the farm, so I estimate the hash rate will be up well over 20 within a day (based on SmiGuel's graphs:
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=14
EDIT: Actually the penny just dropped. They are probably taking 50 production units offline for the sale, and putting new ones on. But I guess the hash rate will go up anyway, as it tends to.
With the auction and the mining factored in, we might see as much as .013 
WOOT!! Another auction!!! https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-50-block-erupter-blades-everyone-won-see-op-201753
Get ready for next Wednesday's juicy dividends!!
Get ready for next Wednesday's juicy dividends!!
My last dividend e-mail from BTC-TC came in Wednesday at noon. (PST). Just an announcement from them letting you know you just got paid! 
Hi guys, just wondering how the dividends pay out works. Do we get an email when it happens and does it just land in our trade account address? (I'm with BTC TC)
just drops in the account i believe.
ok thanks, on wednesdays?
Also, is there a way I can confirm I am in the email that burnside sends daily to friedcat or is that an automated part of the site?
BTCT.co and Bitfunder both have PT shares, which are passthroughs. Meaning, Friedcat doesn't send you the coins, whoever manages the shares sends you the coins. In your case, I believe burnside recieves the coins from friedcat, and then sends them to shareholders on btctco. Which means that the process is automated and as long as you own the share prior to dividends going out, you'll receive the dividends.
Hi guys, just wondering how the dividends pay out works. Do we get an email when it happens and does it just land in our trade account address? (I'm with BTC TC)
just drops in the account i believe.
ok thanks, on wednesdays?
Also, is there a way I can confirm I am in the email that burnside sends daily to friedcat or is that an automated part of the site?
Hi guys, just wondering how the dividends pay out works. Do we get an email when it happens and does it just land in our trade account address? (I'm with BTC TC)
just drops in the account i believe.
Hi guys, just wondering how the dividends pay out works. Do we get an email when it happens and does it just land in our trade account address? (I'm with BTC TC)
BTC-e and Cryptonit are the only public NMC exchanges that come to my mind besides Vircurex. But I still think ASICMINER should mostly hold the NMC to avoid crashing the NMC/BTC exchange rate. And exchange in small quantities that can be "absorbed" by the demand.
I THINK cryptonit was also hacked (not sure) but btc-e is working
BTC-e and Cryptonit are the only public NMC exchanges that come to my mind besides Vircurex. But I still think ASICMINER should mostly hold the NMC to avoid crashing the NMC/BTC exchange rate. And exchange in small quantities that can be "absorbed" by the demand.
Okay I went to vircurex and they have been hacked. I use them to turn my NMC to BTC. Lost about .081 in btc.
My first question is did asicminer lose any NMC on the site?
my second question is where to change NMC to BTC?
this is the second exchange that busted on me. does anyone have a good NMC to BTC exchange in mind for myself and for asicminer since asicminer has been earning a shitload of nmc on bitminter.
My first question is did asicminer lose any NMC on the site?
my second question is where to change NMC to BTC?
this is the second exchange that busted on me. does anyone have a good NMC to BTC exchange in mind for myself and for asicminer since asicminer has been earning a shitload of nmc on bitminter.
Im not sure if its possible but wasnt ripple created to do such exchanges too? If so, arent there enough users yet that such exchanges would work? I didnt use ripple much yet..
Okay I went to vircurex and they have been hacked. I use them to turn my NMC to BTC. Lost about .081 in btc.
My first question is did asicminer lose any NMC on the site?
my second question is where to change NMC to BTC?
this is the second exchange that busted on me. does anyone have a good NMC to BTC exchange in mind for myself and for asicminer since asicminer has been earning a shitload of nmc on bitminter.
My first question is did asicminer lose any NMC on the site?
my second question is where to change NMC to BTC?
this is the second exchange that busted on me. does anyone have a good NMC to BTC exchange in mind for myself and for asicminer since asicminer has been earning a shitload of nmc on bitminter.
Except that Bitfunder deposits are broken today.
yeah, I'm still waiting on mine to go through...
nobody buy my cheap shares!
Actually ... the only thing that would matter is how much BTC is on offer to buy NMC
If AM makes 900 BTC a day (1/4 of the network) then if NMC is really going to add ... say ... 10% then AM would be selling 90BTC of NMC every day to make 10% .......
If AM makes 900 BTC a day (1/4 of the network) then if NMC is really going to add ... say ... 10% then AM would be selling 90BTC of NMC every day to make 10% .......
I agree this is part of the equation. But how much BTC on offer is not all BTC available and it's hard to estimate what are the reserves (people waiting for the right price to post an order).
Currently and according to this: http://www.cryptocoincharts.info/orderbook.php?pair=nmc-btc&market=btc-e
if I'm not mistaken selling 50% of a day worth of mining (72 * 50 = 3600 NMC would move the price from 0.0085 BTC to 0.0083 BTC and make ~30BTC
Hey, I'm willing to manage the ASICIMINER NMC earnings for a 5% cut :-)
With their kind of hashrate ASICMINER is already in a position to make multiple deals with people setting up private pools with very low fees distributing their hashrate and picking the most stable and profitable ones. Pool operators would then be free to use merged-mining to offer better deals and win more hashrate.
If they use stratum-proxy locally, a private pool doesn't have to be on an extremely powerful system, just properly designed (hardware and net connectivity) and configured. In the context of a private pool I probably would be interested in making a proposal to friedcat myself.
Got my btc today, ready to buy more shares. And look, shares are back down on Bitfunder! woo hoo!
thanks to whoever sold their shares so cheap!
thanks to whoever sold their shares so cheap!
Except that Bitfunder deposits are broken today.
Got my btc today, ready to buy more shares. And look, shares are back down on Bitfunder! woo hoo!
thanks to whoever sold their shares so cheap!
thanks to whoever sold their shares so cheap!
Actually ... the only thing that would matter is how much BTC is on offer to buy NMC
If AM makes 900 BTC a day (1/4 of the network) then if NMC is really going to add ... say ... 10% then AM would be selling 90BTC of NMC every day to make 10% .......
If AM makes 900 BTC a day (1/4 of the network) then if NMC is really going to add ... say ... 10% then AM would be selling 90BTC of NMC every day to make 10% .......
FriedCat should really hire a trader to sell for him. If he just sell into the bid, he's gonna crash NMC price by 5% each time he sells.
Actually ... the only thing that would matter is how much BTC is on offer to buy NMC
If AM makes 900 BTC a day (1/4 of the network) then if NMC is really going to add ... say ... 10% then AM would be selling 90BTC of NMC every day to make 10% .......
If AM makes 900 BTC a day (1/4 of the network) then if NMC is really going to add ... say ... 10% then AM would be selling 90BTC of NMC every day to make 10% .......
if AM were to use a small (relative) amount of hash power on an altchain, they would still need to dump the coins on the market. the huge dumps everyday would dramatically reduce the price of the coin.
That remains to be seen. On btc-e alone, last 24h volume for NMC was 54000+. There are 144 blocks of 50 NMC each day on average... So ASICMINER would only add 10% more volume on this exchange if it mined it at 50% and sold everything on it (in the short term until the difficulty adjusts, then only 5%).
The impact on price would depend largely on the current state of offer/demand ratio :
If most NMC miners already sell it means there is enough demand to absorb ASICMINER production, the price would only dip until the next retarget due to temporary having more offer on the market.
If most miners are hoarding NMC then the price would fall like a brick.
That said this discussion is premature: in the short term, focusing on adding more hashrate is the best way to increase income. I suppose friedcat & Co will focus on optimization details when they will have put the ~250TH online and got their well deserved rest on a beach in a paradisical island (hopefully leaving someone fresh in charge of the mining operation)...
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