ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1222.

ThickAsThieves

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Quote from: zefir on March 23, 2013, 01:50:59 PM

I recently moved some of my shares to BitFunder's G.ASICMINER-PT and since there is some interest on this topic I'll try to help clarifying.

Process is like follows:

create a BitFunder account (ensure to enable 2FA)
request transfer of your ASICMINER shares to DeaDTerra's address 1Ep3QFm5uqfoqPMG4HKq6yauMhdtyQTAsG (CC your transfer request to [email protected])
as soon as friedcat confirms transfer, the equivalent amount of G.ASICMINER-PT are transferred to your BitFunder account
when dividends are paid, DeaDTerra will forward the full amount to your account (no fees, earnings are equivalent to holding ASICMINER shares)
if for any reason you want your ASICMINER shares back, you send G.ASICMINER-PT shares in blocks of 250 to DeaDTerra and he transfers the equivalent amount of ASICMINER shares back to you

I can recommend this PT to anybody who wishes to trade for several reasons, namely

it costs you nothing
DeaDTerra is a highly reputable and trustworthy community member and fund manager
Ukto is equally serious, plus technically highly versed and very security aware

Disclaimer: this is my personal view only and in no way a statement of preference of G.ASICMINER-PT over burnside's PT. I ended at BitFunder mostly because I had already an existing account there.

Great summary, thank you. I still have my shares with friedcat, but I'm pretty sure I'll be doing this soon too. DT and Ukyo have been great with my all my other requests so far. Hard to beat that they aren't taking any extra fees too!

zefir

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Quote from: SebastianJu on March 23, 2013, 11:05:20 AM

I believe i read you can sell real shares at one or both of the passthroughs too. If thats true then selling your real asicminer shares at the exchange would bring the most money. When buying real shares it would be best to got to the unified orderbook thread.

I recently moved some of my shares to BitFunder's G.ASICMINER-PT and since there is some interest on this topic I'll try to help clarifying.

Process is like follows:

create a BitFunder account (ensure to enable 2FA)
request transfer of your ASICMINER shares to DeaDTerra's address 1Ep3QFm5uqfoqPMG4HKq6yauMhdtyQTAsG (CC your transfer request to [email protected])
as soon as friedcat confirms transfer, the equivalent amount of G.ASICMINER-PT are transferred to your BitFunder account
when dividends are paid, DeaDTerra will forward the full amount to your account (no fees, earnings are equivalent to holding ASICMINER shares)
if for any reason you want your ASICMINER shares back, you send G.ASICMINER-PT shares in blocks of 250 to DeaDTerra and he transfers the equivalent amount of ASICMINER shares back to you

I can recommend this PT to anybody who wishes to trade for several reasons, namely

it costs you nothing
DeaDTerra is a highly reputable and trustworthy community member and fund manager
Ukto is equally serious, plus technically highly versed and very security aware

Disclaimer: this is my personal view only and in no way a statement of preference of G.ASICMINER-PT over burnside's PT. I ended at BitFunder mostly because I had already an existing account there.

SebastianJu

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Quote from: Tachikoma on March 23, 2013, 11:01:48 AM

Quote from: ?? on ??

Quote from: muyuu on March 23, 2013, 09:45:20 AM

Any pointers on where to trade shares?

The shares on the exchanges are Passthroughs only. You can buy real shares in the thread mentioned. There is some way to buy or sell real shares with the passthroughs somehow but you have to check how it works and if. I only bought shares and for that the prices in the thread are better than the prices at the exchanges.

At BF you can buy shares and get them out the passthrough if you have 250 of them.

I believe i read you can sell real shares at one or both of the passthroughs too. If thats true then selling your real asicminer shares at the exchange would bring the most money. When buying real shares it would be best to got to the unified orderbook thread.

muyuu

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Thanks ThickAsThieves, LazyOtto, SebastianJu and Tachikoma.

Looks like it's a bit complicated, I will give it a read.

Tachikoma

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Quote from: ?? on ??

Quote from: muyuu on March 23, 2013, 09:45:20 AM

Any pointers on where to trade shares?

The shares on the exchanges are Passthroughs only. You can buy real shares in the thread mentioned. There is some way to buy or sell real shares with the passthroughs somehow but you have to check how it works and if. I only bought shares and for that the prices in the thread are better than the prices at the exchanges.

At BF you can buy shares and get them out the passthrough if you have 250 of them.

SmiGueL

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Quote from: LazyOtto on March 22, 2013, 10:57:04 PM

Quote from: SmiGueL on March 22, 2013, 07:03:02 PM

Quote from: eleuthria on March 22, 2013, 06:43:43 PM

My understanding/expectation is the second ~6 TH/s will likely go back to Ozcoin.

They actually mined with a few GH/s _{(or maybe more)} on Ozcoin 2 days ago (I saw it in their Hall of Fame). But for some reason they're fully on Btcguild again.

More than 2 days ago.

As mentioned above, ASICminer left Ozcoin when the fork happened.

I know but they HAVE mined with some GH/s (or more) on Ozcoin yesterday 2 days ago Wink

and went back to Btcguild after that for some reason.

Please check line 156 of this sheet
Also there was a big dip in the Btcguild hashrate at that moment.

LazyOtto

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Quote from: ThickAsThieves on March 23, 2013, 09:46:43 AM

Quote from: muyuu on March 23, 2013, 09:45:20 AM

Any pointers on where to trade shares?

bitfunder.com
btct.com

Also: https://bitcointalksearch.org/topic/unified-asicminer-orderbook-148282

ThickAsThieves

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Quote from: muyuu on March 23, 2013, 09:45:20 AM

Any pointers on where to trade shares?

bitfunder.com
btct.com

muyuu

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Any pointers on where to trade shares?

LazyOtto

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Thank you for the correction, with details, eleuthria.

eleuthria

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Quote from: LazyOtto on March 22, 2013, 10:57:04 PM

Quote from: SmiGueL on March 22, 2013, 07:03:02 PM

Quote from: eleuthria on March 22, 2013, 06:43:43 PM

My understanding/expectation is the second ~6 TH/s will likely go back to Ozcoin.

They actually mined with a few GH/s _{(or maybe more)} on Ozcoin 2 days ago (I saw it in their Hall of Fame). But for some reason they're fully on Btcguild again.

More than 2 days ago.

As mentioned above, ASICminer left Ozcoin when the fork happened.

And I imagine that is because Ozcoin prioritized getting getwork operations running first and left stratum offline for quite a few hours. IIRC, for longer than half a day Ozcoin's stratum was not functioning.

They didn't prioritize getwork. Their getwork was still running on pre-0.8 nodes, so they were simply left online during the fork since they were safe (and helping the recovery) to leave online. But yes, it did take them about 6-8 hours after the fork was over to turn Stratum back on.

LazyOtto

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Quote from: SmiGueL on March 22, 2013, 07:03:02 PM

Quote from: eleuthria on March 22, 2013, 06:43:43 PM

My understanding/expectation is the second ~6 TH/s will likely go back to Ozcoin.

They actually mined with a few GH/s _{(or maybe more)} on Ozcoin 2 days ago (I saw it in their Hall of Fame). But for some reason they're fully on Btcguild again.

More than 2 days ago.

As mentioned above, ASICminer left Ozcoin when the fork happened.

And I imagine that is because Ozcoin prioritized getting getwork operations running first and left stratum offline for quite a few hours. IIRC, for longer than half a day Ozcoin's stratum was not functioning.

ineededausername

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bitcoin hundred-aire

Quote from: velacreations on March 22, 2013, 05:16:30 PM

Quote from: ineededausername on March 22, 2013, 04:13:12 PM

Well, I started selling before the update... not sure anymore what to do Tongue

sell 'em cheap... to me!

I'm selling them pretty cheap over in the Auctions forum... if you feel like bidding

SmiGueL

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Quote from: eleuthria on March 22, 2013, 06:43:43 PM

My understanding/expectation is the second ~6 TH/s will likely go back to Ozcoin.

They actually mined with a few GH/s _{(or maybe more)} on Ozcoin 2 days ago (I saw it in their Hall of Fame). But for some reason they're fully on Btcguild again.

eleuthria

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Quote from: Lethos on March 22, 2013, 06:32:08 PM

Is there plans to mine on other pools than the ones already in mining on?

I'm not quiet sure on suggestions, but I do know HHTT has grown heavily in size with other ASIC miners starting to mine there recently.

ASICMINER used to have ~2 TH/s on Ozcoin prior to the hardfork, but consolidated on BTC Guild after that event. My understanding/expectation is the second ~6 TH/s will likely go back to Ozcoin. Obviously this may be changed radically when we start seeing 50 TH/s worth of power. Whether it will be split among many pools, solo mined, or a mixture, it should be another interesting few months. 2013 has offered a lot of excitement

.

Lethos

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Keep it Simple. Every Bit Matters.

Is there plans to mine on other pools than the ones already in mining on?

I'm not quiet sure on suggestions, but I do know HHTT has grown heavily in size with other ASIC miners starting to mine there recently.

ThickAsThieves

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I'm just hoping the new hashing doesn't turn into a BFL moving target kinda thing.

SebastianJu

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Quote from: vortex1878 on March 22, 2013, 05:54:26 PM

Quote from: SebastianJu on March 22, 2013, 05:27:51 PM

Quote from: friedcat on March 22, 2013, 01:08:43 PM

Status
The total hashrate grows much less than this, mostly possibly because of the bottleneck in our local network setting. We are still identifying and fixing the problem.

Im not sure what the network problem is about but at the moment you guys do mine at pools. That means much more traffic instead solomining. Because pools let the miners solve many small hashes and need the solution sent back. Its way more traffic as far as i know.
So did you try to solomine and maybe this can take some pressure out of the network problem? I mean solomining with 6TH isnt a disadvantage like it would be for a gpu-miner. The solved blocks would come in still fast enough.
Its only an idea...

Only pool-mining retains transparency which is required for investors. Plus solo-mining bears a bigger risk.

Transparency in what direction? If friedcat would be one of that kind he could silently run some TH for itself and you couldnt notice regardless if he mines solo or at a pool. So at the end you have to trust him anyway. Of course it would be important that friedcat then tells us with how much TH he is mining. Thats not needed yet, when we can see. While i think it would only need a very basic script to give out the actual overall hashrate at the datacenter out to a weppage. So that could even be done automatically.

And what risk do you mean? Pool and solomining is all about solving blocks, while at pools you have more traffic because you solve hashes more often. The only risk i can see is that you have to work a long time until you solve a block. That means you have a slight advantage in poolmining because of the difficulty. But with 6TH you solve blocks fast enough. So i dont see what you mean with risk.

vortex1878

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Quote from: SebastianJu on March 22, 2013, 05:27:51 PM

Quote from: friedcat on March 22, 2013, 01:08:43 PM

Status
The total hashrate grows much less than this, mostly possibly because of the bottleneck in our local network setting. We are still identifying and fixing the problem.

Im not sure what the network problem is about but at the moment you guys do mine at pools. That means much more traffic instead solomining. Because pools let the miners solve many small hashes and need the solution sent back. Its way more traffic as far as i know.
So did you try to solomine and maybe this can take some pressure out of the network problem? I mean solomining with 6TH isnt a disadvantage like it would be for a gpu-miner. The solved blocks would come in still fast enough.
Its only an idea...

Only pool-mining retains transparency which is required for investors. Plus solo-mining bears a bigger risk.

SebastianJu

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Quote from: ?? on ??

Quote from: SebastianJu on March 22, 2013, 05:27:51 PM

...
I think Asicminer is "THE BIG BOY"... no other to see around...

You think Intel hasn't noticed this yet? I wouldn't bet on that, it would be nice to give them a run for their money when they get interested though.

*lol* Maybe some geeks in their development department made their little project...

But i think Bitcoins are more or less not really on the radar of the big guys. Because a maximum earning of 1800BTC per day (50% network, more would kill the trust and the cashcow) would mean 46,000,000 USD per year. I think it would be too less to bother. But maybe smaller companies... there are miners on the pools where you dont know what they mine with.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1222. (Read 3917543 times)