Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1235. (Read 3917029 times)
Will this mess cause the difficulty to increase less the next time it changes? Or will it not have an affect (or only a marginal one)?
Yup, difficulty does not change instantly, it changes about once every 2 weeks.
I hate to crush the euphoria, but difficulty didn't change, so it doesn't really matter how much the hashrate dropped, the #blocks/time is the same for ASICMINER.
GO GO ASICMINER before the other pools refer to 0.7, hehe I expect a few satoshies more this week because of what is happening 
Why would Asicminer earn more because of this? BTCGuild was on 0.8, they'll probably lose some income in this mess. 
I hate to crush the euphoria, but difficulty didn't change, so it doesn't really matter how much the hashrate dropped, the #blocks/time is the same for ASICMINER.
GO GO ASICMINER before the other pools refer to 0.7, hehe I expect a few satoshies more this week because of what is happening
Looks like BTC Guild is fully downgraded to .7 now.
So actually ASICMINER is now helping ... to SAVE BITCOIN! hurray! Mine faster fellow 0.7 miners, we can fix this mess together!
Did the hashpower drop, or is it just that a large number of blocks disappeared from the chain and since hashrate is estimated from the number of blocks per hour there is just an anomaly?
This crisis will help ASICMINER enjoy the low difficulty a little bit longer.
Looks like BTC Guild is fully downgraded to .7 now.
So actually ASICMINER is now helping ... to SAVE BITCOIN! hurray! Mine faster fellow 0.7 miners, we can fix this mess together!
Looks like BTC Guild is fully downgraded to .7 now.
So actually ASICMINER is now helping ... to SAVE BITCOIN! hurray! Mine faster fellow 0.7 miners, we can fix this mess together!
Perhaps this might not be the place for it but how does the "fork" affect ASICMiner? Or doesn't even do anything? Or am I just riffing and don't know what I'm talking about?
A fork means there was a second blockchain created out of a bug in the new bitcoinclient. Im not sure if bitfountain is still mining on those 2 pools only but if these pools switched to the new bad software then the blocks created are rubbish. No earning. The software should be switched to the previous version so that the old blockchain can win.
I think the worst that can happen is that bitfountain lost the work of some hours.
Perhaps this might not be the place for it but how does the "fork" affect ASICMiner? Or doesn't even do anything? Or am I just riffing and don't know what I'm talking about?
A fork means there was a second blockchain created out of a bug in the new bitcoinclient. Im not sure if bitfountain is still mining on those 2 pools only but if these pools switched to the new bad software then the blocks created are rubbish. No earning. The software should be switched to the previous version so that the old blockchain can win.
I think the worst that can happen is that bitfountain lost the work of some hours.
Also keep in mind they're only paying out 150k shares until 0.1 is paid.
I don't think that is the case.There are 200k shares in the ASICMiner, 'preferred', pool.
Just because they weren't sold doesn't mean they don't exist.
AFAIK, BitFountain owns those unsold ASICMiner shares - I think around 30k. As well as their own 200k.
I'm just going off some math and what Friedcat posted.
Pre-Update
First week's dividends paid. Total sum 3860.41091438. This is all mining revenue minus the paid urgent debts and reserves.
I cannot hold myself from some sleep. We will explain the status of our project, how we are going to improve the deploying speed for the second batch, and give a public brief financial information after that. If I could get up before Feb 28. 11:59:59 PM forum time it will still be a Thursday update.
3860.41091438 / 0.02354454 = 163k (sorry, not 150k)First week's dividends paid. Total sum 3860.41091438. This is all mining revenue minus the paid urgent debts and reserves.
I cannot hold myself from some sleep. We will explain the status of our project, how we are going to improve the deploying speed for the second batch, and give a public brief financial information after that. If I could get up before Feb 28. 11:59:59 PM forum time it will still be a Thursday update.
Even if they can keep up 15% of the network short term (maybe 4300 BTC/week given increased production due to increasing hash rate?) that would be a weekly dividend of a little under 0.011BTC/share.
Perhaps this might not be the place for it but how does the "fork" affect ASICMiner? Or doesn't even do anything? Or am I just riffing and don't know what I'm talking about?
Hm... "Critical: Current Bitcoin network fork. Action needed by mining pools. Merchants should hold transactions." https://bitcointalksearch.org/topic/alert-chain-fork-caused-by-pre-08-clients-dealing-badly-with-large-blocks-152030
I hope bitfountain doesnt lose much hashingwork by this...
I know that they half after ipo-price is met. I think i wrote this too. And no, it looks another way at the moment, not only 10%. I think friedcat guessed that the competition will be way more lively, but it isnt. But of course its everyones own decision to set the price he wants to sell for. At these rates i wont take part as a seller at least.
I hope bitfountain doesnt lose much hashingwork by this...
Right now Asicminer is about 15% of the network, while they might temporarily exceed that even Friedcat is only talking about averaging 10% over the year. Also keep in mind they're only paying out 150k shares until 0.1 is paid. After that dividends will be paid to all 400k shares.
0.6/share is overvalued IMO, let alone an insane number like 2.2.
0.6/share is overvalued IMO, let alone an insane number like 2.2.
I know that they half after ipo-price is met. I think i wrote this too. And no, it looks another way at the moment, not only 10%. I think friedcat guessed that the competition will be way more lively, but it isnt. But of course its everyones own decision to set the price he wants to sell for. At these rates i wont take part as a seller at least.
Also keep in mind they're only paying out 150k shares until 0.1 is paid.
I don't think that is the case.There are 200k shares in the ASICMiner, 'preferred', pool.
Just because they weren't sold doesn't mean they don't exist.
AFAIK, BitFountain owns those unsold ASICMiner shares - I think around 30k. As well as their own 200k.
I consider 0.6 BTC/share to be overpriced, therefore a risky investment. But that is just my opinion. I tend to be conservative. Other investors might think differently.
How can 0.6 BTC per share be overpriced? In no way thats true. I got 0.02135376 BTC per share in each of the last 2 weeks. 52 weeks with this are 2.22BTC. That would mean you value one share on the dividend of 14 weeks only. Thats 3 months. Of course the dividend will split in half once the ipo-price is paid back and there is still the risk of rising competition and difficulty but on the other hand... there are 6TH online only and 10 times as much will come soon.
So no... in no way i would sell for as low as 0.6BTC. Even 2.22BTC would be way too less for me, simply because i know how much hashingpower will be online soon.
Right now Asicminer is about 15% of the network, while they might temporarily exceed that even Friedcat is only talking about averaging 10% over the year. Also keep in mind they're only paying out 150k shares until 0.1 is paid. After that dividends will be paid to all 400k shares.
0.6/share is overvalued IMO, let alone an insane number like 2.2.
That would be for 6TH: $1,011,202.39 per month and selling these 6TH would cost at least $8.089619,12 (when taking the mining revenue of 8 months only into account)
and for 62TH: $10,449,091.37 per month and selling these 62TH would cost at least $83.592.730,96 (when taking the mining revenue of 8 months only into account)
and for 62TH: $10,449,091.37 per month and selling these 62TH would cost at least $83.592.730,96 (when taking the mining revenue of 8 months only into account)
I think you'll find that if they added another 56 TH then network hashpower would also rise by 56 TH. No way they'd be able to do that for a month without difficulty rising. Having 10 times the hashpower suddenly only gives 10 times the income until next difficulty adjustment.
Yes, thats right... im not the mathematician so i only made a simplified calculation to show the direction.
That would be for 6TH: $1,011,202.39 per month and selling these 6TH would cost at least $8.089619,12 (when taking the mining revenue of 8 months only into account)
and for 62TH: $10,449,091.37 per month and selling these 62TH would cost at least $83.592.730,96 (when taking the mining revenue of 8 months only into account)
and for 62TH: $10,449,091.37 per month and selling these 62TH would cost at least $83.592.730,96 (when taking the mining revenue of 8 months only into account)
I think you'll find that if they added another 56 TH then network hashpower would also rise by 56 TH. No way they'd be able to do that for a month without difficulty rising. Having 10 times the hashpower suddenly only gives 10 times the income until next difficulty adjustment.
Your way off with the worth of asics. First... in some days we will have 62TH/s, not only 6. Then... avalon is quite stupid, because they sell their units for a price they would get in half a week, if they would let mine these units for themselves. So at least one should take the mining income of 8 months as the price for the asics.
That would be for 6TH: $1,011,202.39 per month and selling these 6TH would cost at least $8.089619,12 (when taking the mining revenue of 8 months only into account)
and for 62TH: $10,449,091.37 per month and selling these 62TH would cost at least $83.592.730,96 (when taking the mining revenue of 8 months only into account)
See: http://www.alloscomp.com/bitcoin/calculator
That would be for 6TH: $1,011,202.39 per month and selling these 6TH would cost at least $8.089619,12 (when taking the mining revenue of 8 months only into account)
and for 62TH: $10,449,091.37 per month and selling these 62TH would cost at least $83.592.730,96 (when taking the mining revenue of 8 months only into account)
See: http://www.alloscomp.com/bitcoin/calculator
Wow, imagine if they could bring 248TH/s online, they could be making almost $42M a month! Incredible.
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