ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1120.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: kokojie on May 09, 2013, 09:48:21 AM

Quote from: SebastianJu on May 09, 2013, 09:20:16 AM

Quote from: kokojie on May 09, 2013, 09:17:04 AM

Quote from: organofcorti on May 09, 2013, 08:35:38 AM

Quote from: JimiQ84 on May 09, 2013, 07:50:10 AM

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

I guees the 10% will melt away shortly. Think about the hashpower that is directed to these altcoins now. The coins have to be sold too. So it will put pressure on the price. And so on... Wont work out for long.

You know how funny your argument is right? Think about the hashpower that is directed to Bitcoin now, the coins have to be sold too, so it will put pressure on the price?

Bitcoin isnt comparable to the altcoins. You should check the amount of worth traded each day in bitcoins and the amount of worth transferred in altcoins. Its way way less. Its the same with the orderbooks. So when you sell or buy bitcoins worht $10000 the price wont change. Do the same with a small coin the price will drop or rise a lot. Thats the difference. And thats why mining with big hashpower for altcoins wont last very long for a reasonable price.

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

Quote from: kokojie on May 09, 2013, 09:17:04 AM

Quote from: organofcorti on May 09, 2013, 08:35:38 AM

Quote from: JimiQ84 on May 09, 2013, 07:50:10 AM

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

I would like 3 mining locations:

1) btc guild

2)bitminter

3) solo

I would also like asicminer to have more then one location for the gear they hash with.

When Hurricane Sandy hit the USA many people had long power outages. When Thailand flooded Western Digital the entire world had price problems with HDDs. When a major fuse factory was destroyed in Taiwan around a dozen years ago the entire world has a fuse shortage. I do not know what asicminer has planned or how they protect their gear but two heads are better then one. So if a two city plan or even two locations in the same city miles apart can be down it should be done. as I type 20Th out of 80Th belongs to asicminer if it is all in one building under one roof it is an extra risk.

JimiQ84

sr. member

Activity: 406

Merit: 250

Quote from: John (John K.) on May 09, 2013, 09:58:29 AM

That said, friedcat should consider going solo in the near future.

As I remember correctly, it is planned in about a month, maybe less.

RoboCoder

sr. member

Activity: 388

Merit: 250

Save A Life, Adopt a Pet Today!

Quote from: VeeMiner on May 09, 2013, 09:55:27 AM

if there is a pool discussion - just go for slush's pool, it's really good

+1

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: kokojie on May 09, 2013, 09:51:26 AM

Quote from: organofcorti on May 09, 2013, 09:21:47 AM

Quote from: kokojie on May 09, 2013, 09:17:04 AM

Quote from: organofcorti on May 09, 2013, 08:35:38 AM

Quote from: JimiQ84 on May 09, 2013, 07:50:10 AM

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

BTCGuild only has 3% fees, I don't call that outrageous. Plus they pay orphaned blocks and tx fees, so it's a pretty good deal.

3% PPLNS, 7.5% PPS is outrageous, can you find me 3 pools that charges more for PPLNS or PPS? you can't, so BTCGuild is charging the top 3 fee in all crypto land, plus they have economy of scale, so they make a lot more than everybody else. Therefore, outrageous.

I can find you an alt coin pool that charges more fees than that off my head. I've just recently closed a thread and tagged the operator for charging a 100% fee without telling his users. Tongue

That said, friedcat should consider going solo in the near future.

VeeMiner

hero member

Activity: 752

Merit: 500

bitcoin hodler

if there is a pool discussion - just go for slush's pool, it's really good

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: kokojie on May 09, 2013, 09:51:26 AM

Quote from: organofcorti on May 09, 2013, 09:21:47 AM

Quote from: kokojie on May 09, 2013, 09:17:04 AM

Quote from: organofcorti on May 09, 2013, 08:35:38 AM

Quote from: JimiQ84 on May 09, 2013, 07:50:10 AM

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

BTCGuild only has 3% fees, I don't call that outrageous. Plus they pay orphaned blocks and tx fees, so it's a pretty good deal.

3% PPLNS, 7.5% PPS is outrageous, can you find me a pool that charges more? including any alt coin pool? no you can't, so BTCGuild is charging the highest fee in all crypto land. Therefore, outrageous.

3% PPLNS is not outrageous, it's standard. Not all pools pay tx fees and orphaned blocks. Orphaned blocks are worth an additional 1% to miners and tx fees another ~ 2%.

There's no point bringing up the PPS fee. Apart from the fact it was introduced to help reduce BTCGuild's proportion of the network, ASICMiner is mining on PPLNS so it has no bearing on our discussion.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: organofcorti on May 09, 2013, 09:21:47 AM

Quote from: kokojie on May 09, 2013, 09:17:04 AM

Quote from: organofcorti on May 09, 2013, 08:35:38 AM

Quote from: JimiQ84 on May 09, 2013, 07:50:10 AM

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

BTCGuild only has 3% fees, I don't call that outrageous. Plus they pay orphaned blocks and tx fees, so it's a pretty good deal.

3% PPLNS, 7.5% PPS is outrageous, can you find me 3 pools that charges more for PPLNS or PPS? you can't, so BTCGuild is charging the top 3 fee in all crypto land, plus they have economy of scale, so they make a lot more than everybody else. Therefore, outrageous.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: SebastianJu on May 09, 2013, 09:20:16 AM

Quote from: kokojie on May 09, 2013, 09:17:04 AM

Quote from: organofcorti on May 09, 2013, 08:35:38 AM

Quote from: JimiQ84 on May 09, 2013, 07:50:10 AM

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

I guees the 10% will melt away shortly. Think about the hashpower that is directed to these altcoins now. The coins have to be sold too. So it will put pressure on the price. And so on... Wont work out for long.

You know how funny your argument is right? Think about the hashpower that is directed to Bitcoin now, the coins have to be sold too, so it will put pressure on the price?

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: kokojie on May 09, 2013, 09:17:04 AM

Quote from: organofcorti on May 09, 2013, 08:35:38 AM

Quote from: JimiQ84 on May 09, 2013, 07:50:10 AM

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

BTCGuild only has 3% fees, I don't call that outrageous. Plus they pay orphaned blocks and tx fees, so it's a pretty good deal.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: kokojie on May 09, 2013, 09:17:04 AM

Quote from: organofcorti on May 09, 2013, 08:35:38 AM

Quote from: JimiQ84 on May 09, 2013, 07:50:10 AM

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

I guees the 10% will melt away shortly. Think about the hashpower that is directed to these altcoins now. The coins have to be sold too. So it will put pressure on the price. And so on... Wont work out for long.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: organofcorti on May 09, 2013, 08:35:38 AM

Quote from: JimiQ84 on May 09, 2013, 07:50:10 AM

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: friedcat on May 09, 2013, 09:05:46 AM

Update

A lot of great thing happened last week. We wiped over the obstacles (infrastructure and paperwork) on deploying and put a lot of our available hashrate online. We also did a significant improvement (power, design, appearance) on the USB stick from the sample batch to the production batch.

For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.

You can for sure...

JimiQ84

sr. member

Activity: 406

Merit: 250

Quote from: kano on May 09, 2013, 08:40:30 AM

Quote from: JimiQ84 on May 09, 2013, 07:50:10 AM

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

I'm sorry - I gotta ask ... WTF are you talking about?

this page http://bitminter.com/blocks shows occasionally lots of stale blocks. Nevermind.

friedcat

donator

Activity: 848

Merit: 1005

Update

A lot of great thing happened last week. We wiped over the obstacles (infrastructure and paperwork) on deploying and put a lot of our available hashrate online. We also did a significant improvement (power, design, appearance) on the USB stick from the sample batch to the production batch.

For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.

tomish

newbie

Activity: 11

Merit: 0

I know there is already a Google spreadsheet for ASICMINER, but I made one that auto-updates every 15 minutes and thought it might be useful to some people

https://docs.google.com/spreadsheet/ccc?key=0AvEf3i8Bsx5BdFYyU1E4Tl9vd2ZnOTBsZ201bjJwUUE#gid=1

Am planning to add stuff like dividend and share price fluctuations on there also

kano

legendary

Activity: 4634

Merit: 1851

Linux since 1997 RedHat 4

Quote from: JimiQ84 on May 09, 2013, 07:50:10 AM

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

I'm sorry - I gotta ask ... WTF are you talking about?

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: JimiQ84 on May 09, 2013, 07:50:10 AM

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees.

JimiQ84

sr. member

Activity: 406

Merit: 250

Quote from: aahzmundus on May 09, 2013, 08:17:26 AM

Is this an issue? Like, if bitminter thinks the blocks are stale, is there a risk of them becoming stale? Or are there any other risks? Or is it just sloppy code, but not an issue to returns.

just sloppy code, it only delays payment from pool to AM's wallet. I noticed it few days ago, but there never been more than 1 stale new blocks. It happend today because of high luck and rising hashrate.

aahzmundus

hero member

Activity: 644

Merit: 500

Invest & Earn: https://cloudthink.io

Is this an issue? Like, if bitminter thinks the blocks are stale, is there a risk of them becoming stale? Or are there any other risks? Or is it just sloppy code, but not an issue to returns.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1120. (Read 3917568 times)