Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1132. (Read 3917568 times)

It is not a hard limit, the only reason it exists is to keep the work load on Friedcat low.
//DeaDTerra

250 shares aren't really newbie friendly. 

You can withdraw to "direct" shares, from the PT to your own account with FriedCat
//DeaDTerra

Not my auction 

Include the fact that most people want to get 'direct' shares, and you get a pretty good idea of why auctions here are going for 1.5BTC each currently while the price is bad on passthroughs.

It seems like low-liquidity markets such as Bitfunder, which often have some random guy sell 100 shares, driving down the price by .1, dictate the price for the rest of the market.  It's a strange phenomenon.  And it's strange because the rest of the market, as in the Auctions forum, routinely does hundreds of shares of sales without dropping the price.

why are shares so cheap on the BF PT right now?  I don't know why anyone would sell for less than 1.5 btc.

So we have 2.8Th on bitminter and 14.4Th on BTC Guild what is the third spot? OZcoin?

 our name is :


realasicminer on bitminter    link to hash http://bitminter.com/livestats/big

      67117 on btcguild  link to hash   http://www.btcguild.com/index.php?page=rankings


 ?? on ozcoin


http://www.ozco.in/content/user-top-20    are we anonymous?  and if we are which one ?  the 1.2Th? the .4Th?

There are  5 or 6 with that name.

 Note to ozco you should not allow the same name.  at least do anonymous 1  anonymous 2 etc   .  So for sure we are 17.2Th out of

73.0Th   puts asic miner squarely as the master of bit coin.

Thanks for the info!

I'm sure the free market will continue to reward the fit and punish everyone else. If AM continue to have success they will attract competition.

Don't forget the 100TH-mine project: if their chips work as expected they will have the largest margin (both in terms of H/$ and H/W) of all this summer. They are ambitious but they have competent people (BitFury, tytus, Dave).

Actually, I don't want there to be a single winner either, even though I have a small number of AM shares. I hope Avalon and some others will stick around. Avalon have batch 2 & 3 orders for 84TH so they're going to be players in the short to medium term, plus a lot of chips they've taken orders for.

I think AM are smart enough to either sell some of their hardware to customers to spread the hashrate around or not deploy it all too quickly to kill off the competition.

Sounds like a world where one "winner" controls everything. That's a world where Bitcoin is dead. I hope you're wrong.

I also was thinking that barring a miracle BFL will fall over in the next few months. Even if they do start to ship for real they appear to be so far behind AM in terms of marginal cost of production and ability to deliver that they'll fall further behind until they die. When the wider world realizes BFL lost they'll start casting about looking for the winner.

Yes, ASICMINER won't remain obscure for much longer, regardless of what any individual wishes.

Nobody knows until Wednesday.

.b

This week, 10 shares = 0.0735415 BTC. Is it correct ?

BTC Guild at 14.5
Bitminter At 3.1

rising and rising...

I guess that you can't really keep an operation of this scale secret... What would you want to do about it?

I guess we just don't understand the language (is it mandarine?) :-) For all I know they could be saying "let's attack user 67117, it has the biggest hashrate"

I'm relatively new to Bitcointalk and very new to ASICMINER. I'm here because the research I've done (nowhere near as much as many of you but enough to convince me) suggests that ASICMINER, if it isn't already, is likely to be the 800-pound gorilla of Bitcoin mining, in the sense that this guy http://www.geoffreyamoore.com/books-by-geoffrey-moore/ was talking about a few years ago.

I'm not an economist but one thing that has me intrigued is, as ASICMINER is valued (and I know its market value doesn't have to match its intrinsic value) in Bitcoin it is roughly 4% of the market cap of Bitcoin itself. If enough people agree however that ASICMINER is worth far more, how can that work? It can't be worth more than 100% of Bitcoin surely; that would be illogical, as Mr Spock would say.

So if a lot of other people see it as a gorilla and want to be a part of it, could the following happen?

• More people buy ASICMINER products, 'pump priming' the Bitcoin economy
• More people buy btc to invest in ASICMINER
• More transactions generated cause rewards for mining to increase
• More people are aware of Bitcoin and as they are using it they become comfortable using it and find other things to use it for
• The whole thing draws more people in and snowballs so that people who don't know anything about mining use Bitcoin the same way that they use Facebook or eBay today.

It's like a bootstrapped universe. People doing something with a small economic purpose in its own right (mining) end up attracting a flood of other users, until the 'universe' becomes large.

I guess what I'm saying is that over time, the market price of ASICMINER (denominated in btc) as a result will reach some equilibrium point, even as there is a flurry of activity in Bitcoin in general, but the price of btc to fiat will have to rise as a result to reflect the rising value of ASICMINER, assuming that it stays as the gorilla.

Feel free to give me a lesson on this, I would welcome one of you who's thought about this for longer than I have to tell me if I'm wrong.