Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1134. (Read 3917058 times)

Quote from: gog1 on May 04, 2013, 01:27:27 PM

bitminter is a low fee merged mine PPLNS pool, on paper looks good, but somehow, their 'luck' is extremely rotten - just check the income section and look at CDF. Check the luck and reward section too.

And check the last pages of this thread too Sad

The rewards graph shows the last 500 shifts, that's currently the last 16 days. First 8 days are about average, some lucky, some not, and the last 3 were pretty unlucky. Now people are saying we didn't have one lucky day for an entire year.

Didn't have the data to do the match yet, but I doubt the rotten luck is explained by probabilities alone, likely a bug somewhere.

If you actually have a reason to believe something is wrong, please let me know what leads you to believe that.

When there is some good luck "BitMinter is a very profitable place to mine" and when there is some bad luck "there must be a bug causing that". I've heard both of those a few times before. Wink

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Quote from: gog1 on May 04, 2013, 01:27:27 PM

Quote from: gog1 on May 04, 2013, 01:27:27 PM

bitminter is a low fee merged mine PPLNS pool, on paper looks good, but somehow, their 'luck' is extremely rotten - just check the income section and look at CDF. Check the luck and reward section too.

And check the last pages of this thread too Sad

Didn't have the data to do the match yet, but I doubt the rotten luck is explained by probabilities alone, likely a bug somewhere.

Probably have to seek alternate pool, bitparking used to be good but not reliable anymore. Anyone with good suggestions?

I have very good experience with Slush's Pool.

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bitminter is a low fee merged mine PPLNS pool, on paper looks good, but somehow, their 'luck' is extremely rotten - just check the income section and look at CDF. Check the luck and reward section too.

And check the last pages of this thread too Sad

Didn't have the data to do the match yet, but I doubt the rotten luck is explained by probabilities alone, likely a bug somewhere.

Probably have to seek alternate pool, bitparking used to be good but not reliable anymore. Anyone with good suggestions?

this is only temporary, as friedcat have written, they are testing and switching to solo mining

gog1

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bitminter is a low fee merged mine PPLNS pool, on paper looks good, but somehow, their 'luck' is extremely rotten - just check the income section and look at CDF. Check the luck and reward section too.

And check the last pages of this thread too Sad

Didn't have the data to do the match yet, but I doubt the rotten luck is explained by probabilities alone, likely a bug somewhere.

Probably have to seek alternate pool, bitparking used to be good but not reliable anymore. Anyone with good suggestions?

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Quote from: JimiQ84 on May 04, 2013, 11:27:32 AM

bitminter is a low fee merged mine PPLNS pool, on paper looks good, but somehow, their 'luck' is extremely rotten - just check the income section and look at CDF. Check the luck and reward section too.

And check the last pages of this thread too Sad

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Quote from: friedcat on May 04, 2013, 04:53:14 AM

Another 1.5T online, temporarily allocated on bitminter. Will switch to solo later on.

Also, what about the NMC proceeds? Will those be changed to btcs on, let's say, btc-e?

bitminter is a low fee merged mine PPLNS pool, on paper looks good, but somehow, their 'luck' is extremely rotten - just check the income section and look at CDF. Check the luck and reward section too.

What's the deployment target?

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Bitfountain mentioned in CCTV report!

http://tv.cntv.cn/video/C10329/e5ee4fe9a62b4b24b1080327faaafcb7

This is as accurate a translation as I can get for that section:

Quote

On the biggest mining pool in the Bitcoin community [BTCGuild], one miner, with ID 67717, has been at the top of the hashrate rankings for a while. "Oh, that guy is called friedcat, and he runs a company in Shenzhen," [says a Chinese Bitcoiner.] "This 67717 account is the fastest miner in the world." Although there are only 4 people in [friedcat's] company, it is making 286,000 renminbi a day. Not only miners have benefitted from the Bitcoin boom. The mining hardware manufacturers, too, have become centimillionaires [in CNY].

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Quote from: friedcat on May 04, 2013, 04:53:14 AM

Another 1.5T online, temporarily allocated on bitminter. Will switch to solo later on.

Also, what about the NMC proceeds? Will those be changed to btcs on, let's say, btc-e?

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Quote from: furuknap on May 04, 2013, 11:04:56 AM

I don't know guys... 1.99 per piece seems like too much to me. If it were auction, than I would understand, but fixed price... I don't see the demand for 10 000 usb miner at 1.99 BTC

agreed. as i posted in my group buy thread:

minimum order of 300 x 1.99 btc = 597 btc exactly. ...wow. that's insane, when you realize avalon sells 10,000 chips (33 times more chips, but bare chips) for 780 btc.

i mean, that's what, .078 btc a chip? and then you have burnin offering 10 chip board for approx 80 euro, and 20 chip boards for approx 100 euro (plus chip cost of course) that's approximately 5 ghash for under 200 USD, if my math is right.

The major difference is that this is a finished product . Sure, you can buy a barrel of oil for around $2 per gallon if you order in bulk, but still even US people buy gas for $4 per gallon. The convenience of buying just what you need rather than have a supertanker on your doorstep, the complete conversion of the raw material into a ready-to-use plug-and-play product, the reduced risk of not having to handle large orders; consumers love the ability to avoid such hassles.

Add to that the mere psychological effect of being part of a movement, and I think these miners will be an easy sell, even at the added cost that a bulk buyer would have to charge consumers.

Just imagine having a shelf of "Real moneymaking machines, just $297" at Wallmart.

.b

...well, yea. all very good points.

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I don't know guys... 1.99 per piece seems like too much to me. If it were auction, than I would understand, but fixed price... I don't see the demand for 10 000 usb miner at 1.99 BTC

agreed. as i posted in my group buy thread:

minimum order of 300 x 1.99 btc = 597 btc exactly. ...wow. that's insane, when you realize avalon sells 10,000 chips (33 times more chips, but bare chips) for 780 btc.

i mean, that's what, .078 btc a chip? and then you have burnin offering 10 chip board for approx 80 euro, and 20 chip boards for approx 100 euro (plus chip cost of course) that's approximately 5 ghash for under 200 USD, if my math is right.

The major difference is that this is a finished product . Sure, you can buy a barrel of oil for around $2 per gallon if you order in bulk, but still even US people buy gas for $4 per gallon. The convenience of buying just what you need rather than have a supertanker on your doorstep, the complete conversion of the raw material into a ready-to-use plug-and-play product, the reduced risk of not having to handle large orders; consumers love the ability to avoid such hassles.

Add to that the mere psychological effect of being part of a movement, and I think these miners will be an easy sell, even at the added cost that a bulk buyer would have to charge consumers.

Just imagine having a shelf of "Real moneymaking machines, just $297" at Wallmart.

.b

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Quote from: bitfair on May 02, 2013, 06:02:43 AM

I don't know guys... 1.99 per piece seems like too much to me. If it were auction, than I would understand, but fixed price... I don't see the demand for 10 000 usb miner at 1.99 BTC

agreed. as i posted in my group buy thread:

minimum order of 300 x 1.99 btc = 597 btc exactly. ...wow. that's insane, when you realize avalon sells 10,000 chips (33 times more chips, but bare chips) for 780 btc.

i mean, that's what, .078 btc a chip? and then you have burnin offering 10 chip board for approx 80 euro, and 20 chip boards for approx 100 euro (plus chip cost of course) that's approximately 5 ghash for under 200 USD, if my math is right.

Yes, but these are real products, made and ready to ship. I can use one of these right away. What would I do with a avalon chip? it would take me 10 years to figure out how to do anything.

Dont forget that the chips need 10 weeks after payment until the buyer receives it. Then he send it to the miner-creator and gets it back after some time. That wont be some days only too. Having a miner right away will be worth something.

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Quote from: friedcat on May 02, 2013, 12:53:34 AM

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

"In quantity". I like those words.

Very many ideas thrown around here for the auction of these (possibly good, but experimental and possibly confusing to customers).

So let me throw in an idea too: fixed price 2 BTC, first come first served! Much more manageable, affordable and relatable. And a price/hash a little above what the Blades have been getting.

Works for me, I'm first in line and I will buy them all (to auction later).

So, should that be considered a binding offer? Wink

Anyway, I think there are more than enough people willing to pay that price. (Even though there are apparently many people also not willing to pay that price.)

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Quote from: phantastisch on May 04, 2013, 10:35:27 AM

I don't know guys... 1.99 per piece seems like too much to me. If it were auction, than I would understand, but fixed price... I don't see the demand for 10 000 usb miner at 1.99 BTC

agreed. as i posted in my group buy thread:

minimum order of 300 x 1.99 btc = 597 btc exactly. ...wow. that's insane, when you realize avalon sells 10,000 chips (33 times more chips, but bare chips) for 780 btc.

i mean, that's what, .078 btc a chip? and then you have burnin offering 10 chip board for approx 80 euro, and 20 chip boards for approx 100 euro (plus chip cost of course) that's approximately 5 ghash for under 200 USD, if my math is right.

Can we please let the market decide and you order off Avalon meanwhile?

absolutely. and note: i won't be ordering off avalon. i much prefer sticking where i'm invested, and that's AM. i may not like the price, but i am willing to pay it. i'm just expressing my opinion, not trying to force them to change it. course at this exact moment, i'm too broke to afford even one of these, so there ya go.

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