The auction of these usbminers, where will this be taking place? Open to public i assume?
I am interested in 3-4 of them to test and possibly run on a pi and powered hub
Also do you guys plan to have a set retail sale of them anytime soon?
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1160. (Read 3917058 times)
ASICMiner can also do a deal with a new company with separate management, control and security who could hire and run the ASICS above a certain level (40%? of network), but would be charged/funded by an economic deal that passed back all of the returns (less some fees/commisions) to ASICMiner.
It quite common in real-world deals to separate underlying ownership of the economic interest in a deal from the managament and control to remove direct influences. This is often seen in offshore companies and trust structures and is more commonly done for tax purposes.
While it sounds interesting in principle I wonder if this does not lead to a inflation of managers and managerial spending.
ASICMiner can also do a deal with a new company with separate management, control and security who could hire and run the ASICS above a certain level (40%? of network), but would be charged/funded by an economic deal that passed back all of the returns (less some fees/commisions) to ASICMiner.
It quite common in real-world deals to separate underlying ownership of the economic interest in a deal from the managament and control to remove direct influences. This is often seen in offshore companies and trust structures and is more commonly done for tax purposes.
Hey eleuthria,
Thanks for all the work you do!
Question about BTCGuild, have you and friedcat spoken about ensuring you don't tip over 50%? Do you know if he is going to move some of the hash rate over to other pools?
Thanks for all the work you do!
Question about BTCGuild, have you and friedcat spoken about ensuring you don't tip over 50%? Do you know if he is going to move some of the hash rate over to other pools?
Spreading ASICMINER's hashpower has been discussed to death. friedcat has also addressed the concern several times in this thread. His responses lead me to be comfortable knowing he understands our concerns and shares them, and ASICMINER has several options available to make sure it does not become an issue to worry over.
I'm not going to repost it all in context, but a few relevant portions of friedcat's posts:
The future of difficulty or our portion is unclear to us. If we are really lucky enough to be able to take a large percentage for a long time, we are the last ones who would like to see panics. Decentralization could be achieved by scattering some of our future computation power to consumers, or letting many different pools with different interests control them and use them for good.
Note - one option mentioned here in a fairly old update is already ongoing, the selling of consumer devices to help distrubute the hashpower.It's possible and will definitely do it. Also in the next days if without special circumstances/announcements, new hashpower will be added to the four existing accounts. And in further future if we solo, switch to new pools, or add new accounts of ours, we will not make them anonymous but make them seen by anyone, the same as the four existing accounts.
Not directly addressing the question, but indicates they are prepared to utilize other pools or solo. I'm confident ASICMINER will seek to both maximize shareholders profits, while always keeping the security of the network well in mind also.
Hey eleuthria,
Thanks for all the work you do!
Question about BTCGuild, have you and friedcat spoken about ensuring you don't tip over 50%? Do you know if he is going to move some of the hash rate over to other pools?
False alarm it seems, back up to ~7.8 TH.
Sorry about that. Back when BTC Guild started getting DDoS'd about 2 months ago, I gave many users a private server they could access to mine from during the attacks. The server was hosted outside of the main datacenter, and as a result was not hit when the other servers were. Many users were moved to another server after the first round of attacks, still private and "protected" (due to anonymity), but not at the same location. ASICMINER was still mining on the original protected/private server.
This week I have moved all servers back into either colocation or Amazon EC2, to get away from servers with such open security systems (no 2-factor auth, poor/no IP whitelisting, too much control available through the management panels, etc.). As a result, ASICMINER had to shift their Stratum proxies to a new IP, and it caused a temporary dip in the hash rate. However, the result of the move is ASICMINER is now hashing on a colocated server in a very stable and reliable datacenter, one that will likely never be moved as long as BTC Guild is in business.
Thanks for all the work you do!
Question about BTCGuild, have you and friedcat spoken about ensuring you don't tip over 50%? Do you know if he is going to move some of the hash rate over to other pools?
It was nice to see the hash rate on BTC guild push 8,000 GH/s... but now it's down below 6,900. Has anyone heard any word about moving part of the hash power to a different pool? Hopefully they are not having additional problems deploying.
False alarm it seems, back up to ~7.8 TH.
Sorry about that. Back when BTC Guild started getting DDoS'd about 2 months ago, I gave many users a private server they could access to mine from during the attacks. The server was hosted outside of the main datacenter, and as a result was not hit when the other servers were. Many users were moved to another server after the first round of attacks, still private and "protected" (due to anonymity), but not at the same location. ASICMINER was still mining on the original protected/private server.
This week I have moved all servers back into either colocation or Amazon EC2, to get away from servers with such open security systems (no 2-factor auth, poor/no IP whitelisting, too much control available through the management panels, etc.). As a result, ASICMINER had to shift their Stratum proxies to a new IP, and it caused a temporary dip in the hash rate. However, the result of the move is ASICMINER is now hashing on a colocated server in a very stable and reliable datacenter, one that will likely never be moved as long as BTC Guild is in business.
It was nice to see the hash rate on BTC guild push 8,000 GH/s... but now it's down below 6,900. Has anyone heard any word about moving part of the hash power to a different pool? Hopefully they are not having additional problems deploying.
False alarm it seems, back up to ~7.8 TH.
Sorry about that. Back when BTC Guild started getting DDoS'd about 2 months ago, I gave many users a private server they could access to mine from during the attacks. The server was hosted outside of the main datacenter, and as a result was not hit when the other servers were. Many users were moved to another server after the first round of attacks, still private and "protected" (due to anonymity), but not at the same location. ASICMINER was still mining on the original protected/private server.
This week I have moved all servers back into either colocation or Amazon EC2, to get away from servers with such open security systems (no 2-factor auth, poor/no IP whitelisting, too much control available through the management panels, etc.). As a result, ASICMINER had to shift their Stratum proxies to a new IP, and it caused a temporary dip in the hash rate. However, the result of the move is ASICMINER is now hashing on a colocated server in a very stable and reliable datacenter, one that will likely never be moved as long as BTC Guild is in business.
It was nice to see the hash rate on BTC guild push 8,000 GH/s... but now it's down below 6,900. Has anyone heard any word about moving part of the hash power to a different pool? Hopefully they are not having additional problems deploying.
False alarm it seems, back up to ~7.8 TH.
It was nice to see the hash rate on BTC guild push 8,000 GH/s... but now it's down below 6,900. Has anyone heard any word about moving part of the hash power to a different pool? Hopefully they are not having additional problems deploying.
I do have confirmation from friedcat that it NOT official, it does serve a purpose of providing some info.
I'm sure that when there is an official one up, friedcat will announce it at the appropriate time.
I'm sure that when there is an official one up, friedcat will announce it at the appropriate time.
http://asicminer.co - stay upto date.
I'm sure this is not official. That said, it is a great resource to aggregate this monster thread.
Can someone with more than 1000 posts or part of asicminer verify if it is, and if isn't get a mod to delete all these posts (mine included)
http://asicminer.co - stay upto date.
Is this official or no?
http://asicminer.co - stay upto date.
If you guys would like some more public exposure visit the share buying guide on reddit and upvote it if you like
http://www.reddit.com/r/Bitcoin/comments/1d69mp/how_to_buy_asicminer_shares_furuknaps_cryptocoin/
http://www.reddit.com/r/Bitcoin/comments/1d69mp/how_to_buy_asicminer_shares_furuknaps_cryptocoin/
Absolutely, I was just replying over there too. 
Summary is looking great. Very nice!
Summary is looking great. Very nice!Thanks! The waiving is now noted too. I had read that paragraph before but didnt think that the PT is so young. So i thought that the 90 days are over long time. Looks like the fees start from june the first. So one month to go without fees for the dividends.
I've been asked and found questions from people looking to learn how to buy ASICMiner shares, so I put together this brief guide.
http://coin.furuknap.net/how-to-buy-asicminer-shares/
.b
http://coin.furuknap.net/how-to-buy-asicminer-shares/
.b
Great job! Slight correction for this site and the post you made earlier on another board - the ASICMINER PT on BitFunder does not have a 0.5% fee on dividends. BTC-TC does, but they've currently waived it for now.
Looks great, thanks!
Only thing I have to add is that the transfer fee is also currently waived, and even once it kicks in there is only a fee when transferring less than 50 shares out. (I intend to modify the contract to clarify that all transfers in will be free, and most likely will reduce the 0.5 btc fee given how btc has skyrocketed in value lately.)
Nice work, much appreciated!
Cheers
Please inform me once you changed the rules so that i can change this overview too: https://bitcointalksearch.org/topic/m.1953658
Absolutely, I was just replying over there too.
Summary is looking great. Very nice! I've been asked and found questions from people looking to learn how to buy ASICMiner shares, so I put together this brief guide.
http://coin.furuknap.net/how-to-buy-asicminer-shares/
.b
http://coin.furuknap.net/how-to-buy-asicminer-shares/
.b
Great job! Slight correction for this site and the post you made earlier on another board - the ASICMINER PT on BitFunder does not have a 0.5% fee on dividends. BTC-TC does, but they've currently waived it for now.
Looks great, thanks!
Only thing I have to add is that the transfer fee is also currently waived, and even once it kicks in there is only a fee when transferring less than 50 shares out. (I intend to modify the contract to clarify that all transfers in will be free, and most likely will reduce the 0.5 btc fee given how btc has skyrocketed in value lately.)
Nice work, much appreciated!
Cheers
Please inform me once you changed the rules so that i can change this overview too: https://bitcointalksearch.org/topic/m.1953658
I've been asked and found questions from people looking to learn how to buy ASICMiner shares, so I put together this brief guide.
http://coin.furuknap.net/how-to-buy-asicminer-shares/
.b
http://coin.furuknap.net/how-to-buy-asicminer-shares/
.b
Great job! Slight correction for this site and the post you made earlier on another board - the ASICMINER PT on BitFunder does not have a 0.5% fee on dividends. BTC-TC does, but they've currently waived it for now.
Looks great, thanks!
Only thing I have to add is that the transfer fee is also currently waived, and even once it kicks in there is only a fee when transferring less than 50 shares out. (I intend to modify the contract to clarify that all transfers in will be free, and most likely will reduce the 0.5 btc fee given how btc has skyrocketed in value lately.)
Nice work, much appreciated!
Cheers
Deploying
Heading to 15TH/s or more in the following 7 days.
Heading to 15TH/s or more in the following 7 days.
You have always said the first batch was going to be 12 Th/s. And that a clearly independent second batch of 50 Th/s would be made. So does "15 Th/s" mean you are making a tiny partial deployment of the second batch?
I can't imagine how an auction for 300 of these will work. Sounds like someone needs to create a website to manage the auction.
It's already been done. Sell half on BitMit and half on another forum thread. Problem solved!
*PMs friedcat my BitMit referral link*
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