Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1199. (Read 3917543 times)

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

Could pool hop too.. :p

Do you say that Bitcoin 100% + Namecoin 5.52% + DevCoin 1.47% + IxCoin 1.84% could be mined instead only Mining Bitcoin 100% that we do now? That would be 108.83% earnings in BTC than we mine now. That sounds good.

So stratum allows merged mining. I think it should be considered to do it when it brings more income than before with the same hashpower. Its not that we have less bitcoins at the end, we only have some more other coins too that can be turned into bitcoins easily. As i understand it. Please correct me if im wrong.

Till now i thought the transaction fees are a nice addition... but now it looks to me there is more that we miss at the moment.

I dont want to be an ass but can it happen that poolowners silently merge mine but claim they dont so that they earn the additional money for themselves? I mean the data the poolminers get to mine with remains still the same so that it doesnt necessarily have to be noticed. Only a question, not an accusation.

@Franktank... if it means that we have less Bitcoins at the end i would say youre right... but if it doesnt mean to lose anything but to get some extra income i think it really should be considered. I mean if its really so much like it sounds then the transaction fees for bitcoins are peanuts compared to it... merged mining would bring in way more on top.
And while friedcat has problems with the power supply and network so that deployment stops it would be a good thing to consider now when there cant be done much other things.


They dont as far as the wiki says. Not even Namecoin. But maybe the wiki is outdated. But eleuthria didnt answer to my question yet regarding this.

wait, doesn't BTC-Guild mergemine automatically?

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

Merged Mining

I understand why there are some that support altcoins but I'm fairly certain friedcat and co. will focus on getting hash power up before considering mining altcoins. It would be quite the uproar from shareholders if they used a portion of hashing power to mine altcoins now.

Wrong!  Bitparking and Bitminter feature merged mining via stratum.

ASICMINER needs to point their local stratum proxies at those two, so we stop missing out on the extra 9% offered by the altchains.

Here's a fun activity: look up AM's current hashrate and plug it in to http://dustcoin.com/mining.

Today, we're leaving about $7,000 in IX/Name/Dev coins on the table by not mining merged style!!!   

IDC if Namecoin is dead.  The corpse wants to pay me dividends, if AM lets it.   

Don't know where you got that idea. ASICs work great with GBT, and Namecoin can very well be mined with stratum (Eligius did so for a while before removing Namecoin simply because it's a dead system).

ASICs CAN NOT mine namecoins because it is almost required that ASIC must mine with stratum, because they solve shares too fast. Namecoin can not be mined with stratum.

Wednesday morning is a little vague, however, is there a time window and according to what time zone?

J.

I edited it only in so probably it was overseen but i got the 13% from this message: https://bitcointalksearch.org/topic/m.1733270
I dont know if that still is valid but the post is only a couple of days old. If its really this way i think ill try to mine with getwork with my avalon once its here. Only to check if the results are better this way. I hope the network use is manageable.

Hm... and asicmining with getwork would mean a crazy high network activity. Not suitable for asicminer because they already have problems with the network stability...

I think the reason is that NMC works only with getwork. I'm sure if it could have been done for stratum the pool operators would have implemented it. That wiki page is outdated. Ozco and others have dropped NMC merged mining completely.

Not so sure about the 13% either...

So stratum could mine NMC but poolowners decided not to. Strange. I mean if its really true that you can earn 13% more without having to give away hashpower...
I think ill ask eleuthria if its possible to implement because i dont think Asicminer will switch the pool. And i think solomining doesnt have NMC-Mining implemented yet or am i wrong?

It _is_ a nice add-on, but from what I gather most pools dropped NMC mining when they introduced stratum, the only one I know that still supports it is bitminter (out of the ones that share tx fees)

Ok, so the transaction fees are shared too. I took a look, they arent very high yet, up to 1 Percent of the 25BTC per block sometimes but often way smaller. So they are smaller than i thought but good that its shared anyway... over time something will be collected through this.

And mining namecoins... i wonder how rewarding this is. I checked the calculator and it seems that its not near the profitability of mining bitcoins. But i read that mining namecoins is an addition to mining bitcoins. It doesnt need extra power to do this. So it looks like extra money. So what does Asicminer lose if not mining namecoins? Or did i misread this?

Edit: I found this thread: https://bitcointalksearch.org/topic/m.1733270
It implies that mining bitcoins with namecoins can give 13% more earnings. I wonder if thats true but if yes, then it would be a not small loss. Too bad that its not possible with stratum.

Asicminer on BTC guild probably uses stratum, so no Namecoins. Yes, it is set on PPLNS (https://www.btcguild.com//index.php?page=pplns&shift=4689 user 67117). I don't know about the fee, but it looks like it's automated, so 3%.

Does someone know how Asicminer is mining at btc guild?
Here https://en.bitcoin.it/wiki/Comparison_of_mining_pools its said that Namecoins only are mined with getwork. Does this mean when using stratum Namecoins arent mined?
The transaction fees are only shared when using PPLNS. So is Asicminer using it?
And is the 3% the fee Asicminer has to pay or is there a special agreement maybe?

Me too. It's both good and bad, I guess