ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1152.

organofcorti

donator

Activity: 2058

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Poor impulse control.

Quote from: mrb on April 30, 2013, 04:14:46 AM

Quote from: DiabloD3 on April 29, 2013, 10:30:38 PM

You should consider p2pool instead of solo. Your traffic stays local like solo, but your variance is decreased like it would be on a pool.

Come on Diablo, with 8 Th/s, variance is a non-issue. They mine 500+ blocks per month on average. They have more chances of being hit by thunder 10 times than to mine zero blocks during a specific month and being unable to cover their monthly expenditures.

Variance will only remain a non-issue if they keep adding hashrate so that they remain at a constant proportion (or increased proportion) of the network. As soon as the their proportion decreases, variance will increase.

mrb

legendary

Activity: 1512

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Quote from: DiabloD3 on April 29, 2013, 10:30:38 PM

You should consider p2pool instead of solo. Your traffic stays local like solo, but your variance is decreased like it would be on a pool.

Come on Diablo, with 8 Th/s, variance is a non-issue. They mine 500+ blocks per month on average. They have more chances of being hit by thunder 10 times than to mine zero blocks during a specific month and being unable to cover their monthly expenditures.

p2pool leads to a higher orphan rate than solo mining.

Solo mining is obviously the best choice with 8 Th/s.

lophie

hero member

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Unlimited Free Crypto

You can always just disperse them as dividends Grin

Just thought about it... too complicated for other shareholders.....

John (John K.)

legendary

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Away on an extended break

True, and we're also helping the alts along. (and making some coins too Tongue

)

237

sr. member

Activity: 264

Merit: 250

If you merge mine for example NMC today with 20% haspower of the BTC network, you would get around 3.6k a day.

That's about 1.5% of the daily NMC trading volume at the moment... So i don't think it would "destroy" the price of
the coin or anything. But You would get an extra 30 BTC or so Wink

2weiX

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this space intentionally left blank

Quote from: John (John K.) on April 30, 2013, 01:35:00 AM

Quote from: talnted on April 30, 2013, 01:30:19 AM

Quote from: lophie on April 29, 2013, 10:56:07 PM

Quote from: DiabloD3 on April 29, 2013, 10:30:38 PM

Quote from: friedcat on April 29, 2013, 09:16:24 PM

Quote from: lophie on April 29, 2013, 09:12:33 PM

So ASICMINER don't have secondary pool in case 1st pool went offline Huh

. Isn't that like.... easy to setup or something?

We are switching to solo mode since we could not find enough pools having stable connection from China to distribute the hashpower.

The solo solution is being tested/done along with the deployment. The only problem is transparency. We plan to do it with writing information to the coinbase transaction to let everyone check.

You should consider p2pool instead of solo. Your traffic stays local like solo, but your variance is decreased like it would be on a pool.

+1, and increase the income by using this https://bitcointalksearch.org/topic/a-complete-guide-to-p2pool-merged-mining-btcnmcdvcixci0c-plus-ltc-linux-62842

Not suggesting we actually invest in alt-coins (Although it wouldn't be a bad idea), Just suggesting collecting them and selling them daily on vircurex or something.

So we merge mine with these asics for alt currencies and then dump them on exchanges? Do you realize how fast the value will fall for these alt currencies doing this? It will quickly become worthless. I cant imagine this is the direction ASICminer will go.

Well, Bitcoins on general will not be affected at all I guess, (and probably be bolstered) so I don't think it'll be worthless as the alts are only piggybacked during the mining if I'm not wrong.

seems like the sensible thing to do.
also bolsters these alts against being 51'd

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: talnted on April 30, 2013, 01:30:19 AM

Quote from: lophie on April 29, 2013, 10:56:07 PM

Quote from: DiabloD3 on April 29, 2013, 10:30:38 PM

Quote from: friedcat on April 29, 2013, 09:16:24 PM

Quote from: lophie on April 29, 2013, 09:12:33 PM

So ASICMINER don't have secondary pool in case 1st pool went offline Huh

. Isn't that like.... easy to setup or something?

We are switching to solo mode since we could not find enough pools having stable connection from China to distribute the hashpower.

The solo solution is being tested/done along with the deployment. The only problem is transparency. We plan to do it with writing information to the coinbase transaction to let everyone check.

You should consider p2pool instead of solo. Your traffic stays local like solo, but your variance is decreased like it would be on a pool.

+1, and increase the income by using this https://bitcointalksearch.org/topic/a-complete-guide-to-p2pool-merged-mining-btcnmcdvcixci0c-plus-ltc-linux-62842

Not suggesting we actually invest in alt-coins (Although it wouldn't be a bad idea), Just suggesting collecting them and selling them daily on vircurex or something.

So we merge mine with these asics for alt currencies and then dump them on exchanges? Do you realize how fast the value will fall for these alt currencies doing this? It will quickly become worthless. I cant imagine this is the direction ASICminer will go.

Well, Bitcoins on general will not be affected at all I guess, (and probably be bolstered) so I don't think it'll be worthless as the alts are only piggybacked during the mining if I'm not wrong.

talnted

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Activity: 236

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www.bitcoingem.com

Quote from: lophie on April 29, 2013, 10:56:07 PM

Quote from: DiabloD3 on April 29, 2013, 10:30:38 PM

Quote from: friedcat on April 29, 2013, 09:16:24 PM

Quote from: lophie on April 29, 2013, 09:12:33 PM

So ASICMINER don't have secondary pool in case 1st pool went offline Huh

. Isn't that like.... easy to setup or something?

We are switching to solo mode since we could not find enough pools having stable connection from China to distribute the hashpower.

The solo solution is being tested/done along with the deployment. The only problem is transparency. We plan to do it with writing information to the coinbase transaction to let everyone check.

You should consider p2pool instead of solo. Your traffic stays local like solo, but your variance is decreased like it would be on a pool.

+1, and increase the income by using this https://bitcointalksearch.org/topic/a-complete-guide-to-p2pool-merged-mining-btcnmcdvcixci0c-plus-ltc-linux-62842

Not suggesting we actually invest in alt-coins (Although it wouldn't be a bad idea), Just suggesting collecting them and selling them daily on vircurex or something.

So we merge mine with these asics for alt currencies and then dump them on exchanges? Do you realize how fast the value will fall for these alt currencies doing this? It will quickly become worthless. I cant imagine this is the direction ASICminer will go.

nebulus

hero member

Activity: 490

Merit: 500

... it only gets better...

+1 on p2pool Cheesy

penta

member

Activity: 113

Merit: 20

Quote from: friedcat on April 29, 2013, 09:47:50 PM

Quote from: lophie on April 29, 2013, 09:30:14 PM

Just imagine all the share holders pointing at your pool even if it requires higher fees just to get the chances of us getting a block more probable. Grin

talk about incentive Shocked

No, it's not the business range of ASICMINER.

Also, public pool is an attract of both cyber and social attack which we would not like to be involved in.

What we will provide is transparency. We would not accept outside hashpowers.

this is good news.
i dont think there will be anymore of a transparency issue than there is already, if asicminer want to screw over the shareholders they could already by directing some of their hardware to other pools/solo. so it dosnt really change much as long as they report their solo mining numbers.

lophie

hero member

Activity: 924

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Unlimited Free Crypto

Quote from: gog1 on April 29, 2013, 11:29:12 PM

Doesn't people get high stales and orphans from p2pool?

Used to. Not as much anymore. But some people around here claim to be still bad though. But is it worse than solo?

gog1

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Activity: 756

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Doesn't people get high stales and orphans from p2pool?

lophie

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Activity: 924

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Quote from: DiabloD3 on April 29, 2013, 10:30:38 PM

Quote from: friedcat on April 29, 2013, 09:16:24 PM

Quote from: lophie on April 29, 2013, 09:12:33 PM

So ASICMINER don't have secondary pool in case 1st pool went offline Huh

. Isn't that like.... easy to setup or something?

We are switching to solo mode since we could not find enough pools having stable connection from China to distribute the hashpower.

The solo solution is being tested/done along with the deployment. The only problem is transparency. We plan to do it with writing information to the coinbase transaction to let everyone check.

You should consider p2pool instead of solo. Your traffic stays local like solo, but your variance is decreased like it would be on a pool.

+1, and increase the income by using this https://bitcointalksearch.org/topic/a-complete-guide-to-p2pool-merged-mining-btcnmcdvcixci0c-plus-ltc-linux-62842

Not suggesting we actually invest in alt-coins (Although it wouldn't be a bad idea), Just suggesting collecting them and selling them daily on vircurex or something.

DiabloD3

legendary

Activity: 1162

Merit: 1000

DiabloMiner author

Quote from: friedcat on April 29, 2013, 09:16:24 PM

Quote from: lophie on April 29, 2013, 09:12:33 PM

So ASICMINER don't have secondary pool in case 1st pool went offline Huh

. Isn't that like.... easy to setup or something?

We are switching to solo mode since we could not find enough pools having stable connection from China to distribute the hashpower.

The solo solution is being tested/done along with the deployment. The only problem is transparency. We plan to do it with writing information to the coinbase transaction to let everyone check.

You should consider p2pool instead of solo. Your traffic stays local like solo, but your variance is decreased like it would be on a pool.

keystroke

hero member

Activity: 900

Merit: 1014

advocate of a cryptographic attack on the globe

Check out this latest change to 0.8.2:
https://github.com/bitcoin/bitcoin/pull/2577

This pull defines 'uneconomic dust' as 54.3 uBTC (5430 satoshis, about $0.007 at current prices), and treats any transaction with outputs less than 5430 satoshis as non-standard (won't be relayed, won't be mined). 5430 satoshis is derived from the cost (in fees) to spend a TxOut/TxIn. See https://people.xiph.org/~greg/txouts2.png for proportion of recent outputs this will (eventually) affect.

Will this make the initial Satoshis sent on dividends no longer relay/get mined?

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

Regarding stock prices, there was a sell wall on BTCT of around [email protected] previously. I just checked in and saw a 'massive' sell-off and subsequent drop in price. The sell-off turned out to be 108 shares sold between 2:46 and 2:56.

Someone got cold feet or an urgent need for around ฿126.

.b

BlackLilac Jordan

full member

Activity: 163

Merit: 100

Quote from: friedcat on April 29, 2013, 09:16:24 PM

Quote from: lophie on April 29, 2013, 09:12:33 PM

So ASICMINER don't have secondary pool in case 1st pool went offline Huh

. Isn't that like.... easy to setup or something?

We are switching to solo mode since we could not find enough pools having stable connection from China to distribute the hashpower.

The solo solution is being tested/done along with the deployment. The only problem is transparency. We plan to do it with writing information to the coinbase transaction to let everyone check.

Sweet.

friedcat

donator

Activity: 848

Merit: 1005

Quote from: lophie on April 29, 2013, 09:30:14 PM

Just imagine all the share holders pointing at your pool even if it requires higher fees just to get the chances of us getting a block more probable. Grin

talk about incentive Shocked

No, it's not the business range of ASICMINER.

Also, public pool is an attract of both cyber and social attack which we would not like to be involved in.

What we will provide is transparency. We would not accept outside hashpowers.

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: lophie on April 29, 2013, 09:30:14 PM

Just imagine all the share holders pointing at your pool even if it requires higher fees just to get the chances of us getting a block more probable. Grin

talk about incentive Shocked

Makes no difference.

lophie

hero member

Activity: 924

Merit: 1001

Unlimited Free Crypto

Just imagine all the share holders pointing at your pool even if it requires higher fees just to get the chances of us getting a block more probable. Grin

talk about incentive Shocked

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1152. (Read 3917058 times)