Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1131. (Read 3917568 times)

With their percentage of the hash power of the network, obviously ASICMINER can mine its own blocks, including its own transactions. They don't need them to be relayed by anybody...

That said, and as I already said before, sending those outputs, even being feasible to ASICMINER, is a really bad idea because damages the overall health of the network.

Miners and nodes who have the updated anti-dust code won't relay or mine those transactions, regardless of what fee you put them AFAIK.

It's not "blocked". If a significant fee is attached it will get processed - it's a matter of bribe for miners.

Bitcoin will soon block small transaction outputs (less than 54.3 uBTC): https://github.com/bitcoin/bitcoin/pull/2577#issuecomment-17138223 This will prevent friedcat from identifying shareholders by sending satoshis (0.01 uBTC). friedcat how do you plan to work around this?

 thanks.  back to the usb sticks. are they really going to sell at 2 BTC = 220 USD.      If I buy a hd7790 it will hash at 300 just like the usb stick.  I can get one for 140 usd.

 yeah I am way ahead on price. 80 bucks.

 so if the usb stick costs zero power if you plug it in someone's pc  the hd7790 is 32 us cents a day.  if you pay 16 cents a k-watt.

 that 80 usd

I am ahead on price with the  hd7790 would take 250 days to spend 80 usd in power.

  I realize that the usb stick will get new people into BTC.  I just can't see a reseller paying 220 usd for these sticks. at least in the usa.   but then again one guy sold a working jalapeño for 4400 usd.   that is 20x the price at 5800 hash.

  I guess the sticks could sell at 300 one at a time to the right buyer but a reseller would not want to pay 220 to sell at 300.

 I have some shares of asic miner pt.  I have a large gpu farm 10Gh/s

I have 2 jalapenos on order and I canceled an order for 2x little singles.

 When I get that refund I will buy 10 more shares of asicminer pt.

I guess the sticks work for power thieves / chiselers  Which turns me off I could see a future problem with this.

 I can see the sticks are good in a high cost power area.. I know of more then one spot with power at 50 cents a k-watt .  Well we need to wait and see if they help us or hurt us.

We've mined with: bitfountain, bitfountain1 & bitfountain2.

http://www.ozco.in/content/hall-fame-blocks-found-bitcoin

And no, not hashing with them at the moment, only 1 and 2 months ago.

Realistically the problem isn't that we can't ship individual miners.  The problem is just running auctions.

Someone just needs to make a dead simple website to handle this.  Maybe make it tied to forum ID's for verification, and require escrow deposits for newbie members to bid.  That's it.  The process doesn't need to be difficult.  I would do it but I'm working on something larger that will benefit Bitcoin more.

Thank you! I wasnt sure if this had anything to do with AM. Appreciate your help

The confirmation satoshis will not be relayed anymore. But dividends will payout just fine.

Hi guys,

Has anyone seen this thread here? https://bitcointalksearch.org/topic/warning-bitcoin-will-soon-block-small-transaction-outputs-196138

Is there anything the shareholders will have to worry about with the dividends? I'm not even sure if this was legit but just was curious because they specifically brought up AM.

Thanks

At first blush it sounds interesting, but I hate to be at the mercy of Amazon when it comes to any future pressure from outside entities that the product is illegal,no matter how ridiculous such a claim might be.  Hopefully the group buy system with prove efficient enough, but the day AM has the problem of needing a larger retail solution will be a very good day indeed...

I think it could be very beneficial for the USB miners.  Just ship to a few central shipping facilities in large amounts and then sell individual units at retail prices to the public.

I wasn't making the suggestion out of discontent - I was suggesting something I believe it would hugely benefit shareholders: solve logistical bottlenecks and increase product exposure.

Obviously it's not necessary to do so at this early stage, but when scaling up it could be useful to consider...

ASICMINER won't consider changing anything unless the USBs aren't selling well as-is. Just wait it out if you aren't happy with the current offering, AM knows what to do.

Could we do this with the USB miners?  Then, we could remove the 300 unit minimum.

The #1 complaint about those units has been the price.  #2 is the 300 unit minimum. 

Take the pressure off of one or the other f those issues and you could sell out pretty damn fast.

i think it's absolutely worth looking at.

You guys know what would be interesting for handling a bit of sales volume in the future?

BitPay, with fulfillment by Amazon: https://bitpay.com/amazon

First of all, it would relieve ASICMINER of some logistics while still getting products out en masse. Second, it would reach a wide audience. Thirdly, it would create some extremely positive press for everyone involved: ASICMINER, BitPay, Bitcoin and Amazon.

Anyway, just an idea - but quite an enticing thought, right?

Edit: http://services.amazon.com/fulfillment-by-amazon/benefits.htm

Ok, guys.  No one buy on BF until after the dividends on Weds and after payday next week so that I can still get the cheap shares, plz. 

Maybe they're trying to snap up more shares discreetly and don't want to 'disturb' the prices on PT's. 

I don't know why anyone would buy in the auctions for 1.4+, when they can get them for 1.2 or less in the PTs.  You can buy 100+shares on BF for an average price of about 1.2.  Is having direct shares really worth .1-.3 btc per share?

I find it strange that buyers don't go for the PTs vs the auctions.  Saving 20-30 btc on 100 shares is a big deal to me (I don't have that many btc...)

Maybe it's just me, but with the hashrate increasing + the USB miners, I think a price of 1.2 is undervalued.  I certainly wouldn't sell for that price.  I'm hoping for a good dividend this week to buy more shares while they are cheap!