ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1198.

talnted

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www.bitcoingem.com

Quote from: Franktank on April 10, 2013, 09:59:07 AM

Quote from: JordanL on April 10, 2013, 09:55:31 AM

Quote from: Franktank on April 10, 2013, 09:51:31 AM

Quote from: JordanL on April 10, 2013, 09:48:47 AM

Happy div day folks. Grin

I do want to remind everyone that friedcat said last week that a portion of this weeks dividends would also be used for the incoming 200 TH/s. More curious about the update than the dividend.

I hope he spends all of it if it means getting more hash power online sooner. Hopefully tomorrow's update will have something of a timeline for overcoming the current barriers that are preventing us from getting to 12.

Totally with you on this one. Hell, I'll even take no dividends for the rest of April if that meant getting the 262 TH/s online by May. Unlikely but one can hope.

Im with you on that!

Franktank

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Quote from: JordanL on April 10, 2013, 09:55:31 AM

Quote from: Franktank on April 10, 2013, 09:51:31 AM

Quote from: JordanL on April 10, 2013, 09:48:47 AM

Happy div day folks. Grin

I do want to remind everyone that friedcat said last week that a portion of this weeks dividends would also be used for the incoming 200 TH/s. More curious about the update than the dividend.

I hope he spends all of it if it means getting more hash power online sooner. Hopefully tomorrow's update will have something of a timeline for overcoming the current barriers that are preventing us from getting to 12.

Totally with you on this one. Hell, I'll even take no dividends for the rest of April if that meant getting the 262 TH/s online by May. Unlikely but one can hope.

JordanL

donator

Activity: 294

Merit: 250

Quote from: Franktank on April 10, 2013, 09:51:31 AM

Quote from: JordanL on April 10, 2013, 09:48:47 AM

Happy div day folks. Grin

I do want to remind everyone that friedcat said last week that a portion of this weeks dividends would also be used for the incoming 200 TH/s. More curious about the update than the dividend.

I hope he spends all of it if it means getting more hash power online sooner. Hopefully tomorrow's update will have something of a timeline for overcoming the current barriers that are preventing us from getting to 12.

Franktank

hero member

Activity: 560

Merit: 500

Quote from: JordanL on April 10, 2013, 09:48:47 AM

Happy div day folks. Grin

I do want to remind everyone that friedcat said last week that a portion of this weeks dividends would also be used for the incoming 200 TH/s. More curious about the update than the dividend.

JordanL

donator

Activity: 294

Merit: 250

Happy div day folks. Grin

237

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Satoshis are in. Here we go Cheesy

SmiGueL

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Quote from: JimiQ84 on April 10, 2013, 05:57:30 AM

anyone got their satoshis already? :-)

All of them! Grin

Rodyland

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Quote from: JimiQ84 on April 10, 2013, 05:57:30 AM

anyone got their satoshis already? :-)

Not yet, although last week's were sent at about 15:00 UTC on Wednesday. Another 4 or 5 hours, DST conversions notwithstanding.

JimiQ84

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anyone got their satoshis already? :-)

irritant

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Sodium hypochlorite, acetone, ethanol

Quote from: SmiGueL on April 10, 2013, 04:49:38 AM

Quote from: John (John K.) on April 10, 2013, 03:30:04 AM

Any estimate for this week's divs? Wink

Last week:
Mined profits: ~0.008 BTC/share https://bitcointalksearch.org/topic/m.1732786
Without unusual costs: 0.0055 BTC/share https://bitcointalksearch.org/topic/m.1732538
Paid: 0.00255553 BTC/share

This week prediction:
Mined profits: ~0.008 BTC/share (Higher hashrate, but also increased difficulty)
So I expect about the same as last week (Friedcat said that it would be 'a little lower' , but because the bitcoin price exploded less coins have to be sold to pay for this.)

We really need those 50 TH/s! Tongue

you're forgetting they invested in hardware, and this week a little bit for the electricity bill so will be less (but not as much less), expecting a bit more tbh when taking that into account

SmiGueL

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Activity: 322

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Quote from: John (John K.) on April 10, 2013, 03:30:04 AM

Any estimate for this week's divs? Wink

Last week:
Mined profits: ~0.008 BTC/share https://bitcointalksearch.org/topic/m.1732786
Without unusual costs: ~0.0055 BTC/share? https://bitcointalksearch.org/topic/m.1732538
Paid: 0.00255553 BTC/share

This week prediction:
Mined profits: ~0.008 BTC/share (Higher hashrate, but also increased difficulty)
So I expect about the same dividends as last week (Friedcat said that it would be 'a little lower' , but because the bitcoin price exploded less coins have to be sold to pay for the costs.)

We really need those 50 TH/s! Tongue

John (John K.)

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Away on an extended break

Any estimate for this week's divs? Wink

gmouse

newbie

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Casinos have at worst a 51% attack on your money. Heh. But, in a practical world, what kind of double-spend scare does AM need to soothe the world perception from? My suspicion is that BFL is a total fail, and that AM needs to deploy right up to whatever the world deems safe, then sell hardware units, if there are any left over. How close to total hash power is too much for the health of BTC and AM?

mrb

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Quote from: JimiQ84 on April 10, 2013, 02:19:43 AM

But it needs also luck. 51% of hashrate is not enough to succesfully create longer blockchain.

At less than 50% you need luck, but at more than 50% it is guaranteed you will eventually overrun the blockchain. See graph on page 8 of https://bitcoil.co.il/Doublespend.pdf Currently, friedcat, with 10% of the network hashrate, has a 1 in 1000 chance of succeeding in a double spend, even if the recipient waits for 6 confirmations.

🏰 TradeFortress 🏰

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👻

Quote from: JimiQ84 on April 10, 2013, 02:19:43 AM

Quote from: mrb on April 10, 2013, 02:17:01 AM

Quote from: gmouse on April 10, 2013, 01:59:38 AM

This whole 51% attack fear seems way overblown to me though. In order for one to succeed would you not need to convince someone to accept a zero-confirmations transaction, seconds after the attack was made? And then, run out of there like a bat out of hell?

No. A majority attack allows the attacker to recover his coins that were sent out and confirmed by multiple blocks.

But it needs also luck. 51% of hashrate is not enough to succesfully create longer blockchain.

Over a long enough period of time it will.

It's like playing in a casino game with positive EV. Sure, with variance sometimes you might lose, but over time you will win more.

JimiQ84

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Quote from: mrb on April 10, 2013, 02:17:01 AM

Quote from: gmouse on April 10, 2013, 01:59:38 AM

This whole 51% attack fear seems way overblown to me though. In order for one to succeed would you not need to convince someone to accept a zero-confirmations transaction, seconds after the attack was made? And then, run out of there like a bat out of hell?

No. A majority attack allows the attacker to recover his coins that were sent out and confirmed by multiple blocks.

But it needs also luck. 51% of hashrate is not enough to succesfully create longer blockchain.

mrb

legendary

Activity: 1512

Merit: 1028

Quote from: gmouse on April 10, 2013, 01:59:38 AM

This whole 51% attack fear seems way overblown to me though. In order for one to succeed would you not need to convince someone to accept a zero-confirmations transaction, seconds after the attack was made? And then, run out of there like a bat out of hell?

No. A majority attack allows the attacker to recover his coins that were sent out in transactions confirmed by multiple blocks. This is pretty much the ultimate blow to confidence in Bitcoin.

With that said, it is not in friedcat's financial interest to perform such attacks, as it would undermine the validity of his own Bitcoin wealth.

gmouse

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It is a strange world where we need to be cognizant not only of total hash% but also total hash% in one pool. So, if we now have total hash% of 10%, and the proposed deployment of AM is going to add 20Th.. giving us 30%+... You see where I am going in the thinking.

It is a fine line to deploy, especially if BFL continues to fall on its face; although given that their pre-sales were in $USD at what amounts to a gift price at the current BTC/USD rate... well, I'd seriously be surprised if any of those BFL units ever actually ship. They priced in 90% depreciated $USD at current exchange rates, and now have every motivation to mine in secret with that hardware.

This whole 51% attack fear seems way overblown to me though. In order for one to succeed would you not need to convince someone to accept a zero-confirmations transaction, seconds after the attack was made? And then, run out of there like a bat out of hell?

JordanL

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Quote from: jeprokzki on April 10, 2013, 12:45:13 AM

Quote from: toffoo on April 09, 2013, 05:39:07 PM

Quote from: jeprokzki on April 09, 2013, 04:28:21 PM

how can i invest here? and is this working now?

I have 175 direct ASICMINER shares for sale here:

https://bitcointalksearch.org/topic/for-sale-175-asicminer-shares-075-btc-all-sold-171800

And yes, this is working now. You can see our current hash rate (the big one) here:

http://www.btcguild.com/index.php?page=rankings

hi thanks for answering my questioin.. is there a site that can i buy lower asicminer share price?

haha, if there is, be sure to tell me about it!! You can buy shares in ASICMINER passthroughs for ~0.75 - 0.8 BTC on bitfunder.com and btct.co, but educate yourself on the potential additional terms, costs, and liabilities before you do.

There is also this: https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0

jeprokzki

newbie

Activity: 49

Merit: 0

Quote from: toffoo on April 09, 2013, 05:39:07 PM

Quote from: jeprokzki on April 09, 2013, 04:28:21 PM

how can i invest here? and is this working now?

I have 175 direct ASICMINER shares for sale here:

https://bitcointalksearch.org/topic/for-sale-175-asicminer-shares-075-btc-all-sold-171800

And yes, this is working now. You can see our current hash rate (the big one) here:

http://www.btcguild.com/index.php?page=rankings

hi thanks for answering my questioin.. is there a site that can i buy lower asicminer share price?

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1198. (Read 3917058 times)