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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1240. (Read 3917543 times)

sr. member
Activity: 476
Merit: 250
Can we at very least know what and where we are hashing? Was kinda hoping for that this week...
It really should be part of every weekly update...
hero member
Activity: 658
Merit: 500
Update

The market finds a way for more liquidity. What we want to emphasis again is that we are neutral towards all shareholders, treating each share and shareholder with no difference. We neither support nor disapprove any non-harmful usage of our shares. And we are not involved in any form of derivatives. We also take no benefits from them besides their positive externality.

We were not great timeline holders so we would like to keep us from giving empty estimated dates. But the next week may possibly see our occupation of more portion in the whole network. Also the second batch is on its way and we are becoming much more prepared to them.

We are fully aware of that we currently owe the board members more active contact and the community the samples. But we have to put effort to the shareholders' side most. We have a lot of plans and ideas to share with the board, and will keep the promise to deliver the trial boards.

Using satoshis to represent share numbers, is both an asking for confirmation and an assurance to us that the transaction will be legal with each week's modification by trading.
Can we at very least know what and where we are hashing? Was kinda hoping for that this week...
hero member
Activity: 868
Merit: 1000
Update

The market finds a way for more liquidity. What we want to emphasis again is that we are neutral towards all shareholders, treating each share and shareholder with no difference. We neither support nor disapprove any non-harmful usage of our shares. And we are not involved in any form of derivatives. We also take no benefits from them besides their positive externality.

We were not great timeline holders so we would like to keep us from giving empty estimated dates. But the next week may possibly see our occupation of more portion in the whole network. Also the second batch is on its way and we are becoming much more prepared to them.

We are fully aware of that we currently owe the board members more active contact and the community the samples. But we have to put effort to the shareholders' side most. We have a lot of plans and ideas to share with the board, and will keep the promise to deliver the trial boards.

Using satoshis to represent share numbers, is both an asking for confirmation and an assurance to us that the transaction will be legal with each week's modification by trading.

Thanks for the update....

Can you elaborate on where you are hashing at the moment and under which usernames/IDs.... So we can keep track of our hashing power :-)
donator
Activity: 848
Merit: 1005
Update

The market finds a way for more liquidity. What we want to emphasis again is that we are neutral towards all shareholders, treating each share and shareholder with no difference. We neither support nor disapprove any non-harmful usage of our shares. And we are not involved in any form of derivatives. We also take no benefits from them besides their positive externality.

We were not great timeline holders so we would like to keep us from giving empty estimated dates. But the next week may possibly see our occupation of more portion in the whole network. Also the second batch is on its way and we are becoming much more prepared to them.

We are fully aware of that we currently owe the board members more active contact and the community the samples. But we have to put effort to the shareholders' side most. We have a lot of plans and ideas to share with the board, and will keep the promise to deliver the trial boards.

Using satoshis to represent share numbers, is both an asking for confirmation and an assurance to us that the transaction will be legal with each week's modification by trading.
vip
Activity: 1316
Merit: 1043
👻
What's wrong with this transaction ?

http://blockchain.info/tx-index/58710888/06585f02e5992bd7fdf28f69b1d3f6f91a5a6969c79061ec67c29c17c7f5a1f5
not confirming... hours later

That's proof of share ownership.

low fee, lots of dust, lots of other transactions waiting.

it will sooner or later. don't worry.
Or double spend the coins with a fee the default client considers acceptable?

Plug: I am longing ASICMINER shares. I will pay 0.7 BTC in the next six months per share. PM me if you are interested.
donator
Activity: 1731
Merit: 1008
What's wrong with this transaction ?

http://blockchain.info/tx-index/58710888/06585f02e5992bd7fdf28f69b1d3f6f91a5a6969c79061ec67c29c17c7f5a1f5
not confirming... hours later

That's proof of share ownership.
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
the coins are so fresh
sr. member
Activity: 476
Merit: 250
I have not received a dividend payment this week. (Got last week's.)

Network luck is pitiful (7 blocks in ~3 hours) right now.  LOTS of transactions not getting confirmed as a result, so your dividend may just be stuck in limbo at the moment.
Yep. Just now showed up.

Now, along with everyone else, I'll watch to see how long before it hits six confirmations. Smiley
vip
Activity: 1316
Merit: 1043
👻
I have not received a dividend payment this week. (Got last week's.)

Network luck is pitiful (7 blocks in ~3 hours) right now.  LOTS of transactions not getting confirmed as a result, so your dividend may just be stuck in limbo at the moment.

BTW. Is it really needed to confirm the number of shares with satoshi's?

Using the blockchain for communications isn't a good idea. It spams the system, bloating everything. Just saying...  Roll Eyes
A google docs spreadsheet would be better, or listing on an exchange...
hero member
Activity: 868
Merit: 1000
I have not received a dividend payment this week. (Got last week's.)

Network luck is pitiful (7 blocks in ~3 hours) right now.  LOTS of transactions not getting confirmed as a result, so your dividend may just be stuck in limbo at the moment.

BTW. Is it really needed to confirm the number of shares with satoshi's?

Using the blockchain for communications isn't a good idea. It spams the system, bloating everything. Just saying...  Roll Eyes

Especially since the dividend is sent out before people can react to say smtg is wrong....
sr. member
Activity: 325
Merit: 250
Our highest capital is the Confidence we build.
I have not received a dividend payment this week. (Got last week's.)

Network luck is pitiful (7 blocks in ~3 hours) right now.  LOTS of transactions not getting confirmed as a result, so your dividend may just be stuck in limbo at the moment.

BTW. Is it really needed to confirm the number of shares with satoshi's?

Using the blockchain for communications isn't a good idea. It spams the system, bloating everything. Just saying...  Roll Eyes
legendary
Activity: 1750
Merit: 1007
I have not received a dividend payment this week. (Got last week's.)

Network luck is pitiful (7 blocks in ~3 hours) right now.  LOTS of transactions not getting confirmed as a result, so your dividend may just be stuck in limbo at the moment.
sr. member
Activity: 476
Merit: 250
I have not received a dividend payment this week. (Got last week's.)
sr. member
Activity: 305
Merit: 250
Can anyone back track the numbers from the dividend payment and give an accurate count of how many GH/s ASICMiner had in the last week?

0.01916298 BTC * 200,000 shares = 3832.596 BTC total.
So about 152-153 blocks.

Does anyone have an accurate count of:
How many total blocks were mined in the past week?
And what was the average GH/s over the past week?

Total blocks mined / 152 = % of ASICMiner share in mining

Average GH/s * ASICMiner % = ASICMiner average GH/s over the week.

By my rough estimates, it seems like ASICMiner had an average of 4.5 TH/s over the entire week. But would like someone with better data to confirm.

So I'm guessing we had 6 TH/s towards the end of the week. (Which would mean 4TH/s in btcguild + 2TH/s in ozcoin. But no private mining.)

No, 0.01916298 BTC * 164000 shares (something like that) / .95 = 3307 BTC
134 blocks.

I think Friedcat is taking a % off for loan repayments...? It's in one of his posts.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
Can anyone back track the numbers from the dividend payment and give an accurate count of how many GH/s ASICMiner had in the last week?

0.01916298 BTC * 200,000 shares = 3832.596 BTC total.
So about 152-153 blocks.

Does anyone have an accurate count of:
How many total blocks were mined in the past week?
And what was the average GH/s over the past week?

Total blocks mined / 152 = % of ASICMiner share in mining

Average GH/s * ASICMiner % = ASICMiner average GH/s over the week.

By my rough estimates, it seems like ASICMiner had an average of 4.5 TH/s over the entire week. But would like someone with better data to confirm.

So I'm guessing we had 6 TH/s towards the end of the week. (Which would mean 4TH/s in btcguild + 2TH/s in ozcoin. But no private mining.)

No, 0.01916298 BTC * 164000 shares (something like that) / .95 = 3307 BTC
134 blocks.
sr. member
Activity: 272
Merit: 250
Can anyone back track the numbers from the dividend payment and give an accurate count of how many GH/s ASICMiner had in the last week?

0.01916298 BTC * 200,000 shares = 3832.596 BTC total.
So about 152-153 blocks.

Does anyone have an accurate count of:
How many total blocks were mined in the past week?
And what was the average GH/s over the past week?

Total blocks mined / 152 = % of ASICMiner share in mining

Average GH/s * ASICMiner % = ASICMiner average GH/s over the week.

By my rough estimates, it seems like ASICMiner had an average of 4.5 TH/s over the entire week. But would like someone with better data to confirm.

So I'm guessing we had 6 TH/s towards the end of the week. (Which would mean 4TH/s in btcguild + 2TH/s in ozcoin. But no private mining.)
hero member
Activity: 532
Merit: 500
Where/how can one buy shares?

If i wanted to buy 10 shares, what % of ASICMINERS network total would that be equal to. Also what would 10 shares cost? And are any shares available?

You can buy 11 shares of DMC on Bitfunder and trade them (someday) for 1 ASICMINER.

If you just want the exposure, buy into a pass-through or a mining fund holding the shares, such has JAH.

https://bitfunder.com/asset/DMC
https://bitfunder.com/asset/JAH
https://bitfunder.com/asset/G.ASICMINER-PT

I'm buying all three!   Cool

Would buying DMC at current values not give you the same exposure to ASICMINER as buying a share for 0.50 (or close to).  Seems like a better deal then the pass-throughs.

In theory it would, yes.

In practice Diablo has a declared policy on paying out half received dividends as dividends and using half to execute buybacks of shares.  Last dividend he actually paid out over half as dividends, used well under half for buybacks and kept about 1/4 as cash.  No idea why - so you take on the gamble of his semi-random actions.  On the bright side, every time he buys back you own more ASICMINER shares/share - so its good for long-term exposire.  On bad side he pays dividends monthly so you have to wait for them then see what random percent he pays out, what random percent he buys back with and what random percent he keeps as cash for no stated reason.
sr. member
Activity: 434
Merit: 250
We are hitting blocksize max + low fees (or nothing Huh) + newly generated coins are with lower priority.

It would be a bit of an irony if BTC guild rejects these for some weird reason

Something's going on, since I received these two transactions from ASICMINER I sent out 2 x 20 BTC payments to two different addresses and no confirmations have shown up for any of them yet.

I received a total of just over 2 BTC from ASICMINER and already had had 200 BTC in my wallet at the time but nothing's confirming for me at the moment.

I sent one of the transactions about 90 minutes ago and it's got nothing, I paid the fee as well.

I can't help but feel this issue is somehow connected to the very slow confirming dividend transactions. I could be wrong though.

This is what's going on. The blockchain is backed up with unconfirmed transactions.

https://blockchain.info/unconfirmed-transactions

Which is why BTC Guild is about to launch a new Stratum server with updated bitcoind settings to push for larger blocks (500 KB instead of 250 KB), and more space reserved for transactions that include fees to avoid freebies getting in before paid transactions.

But 3000 unconfirmed txes isn't that much when you consider no blocks in 30 minutes.

Sounds great, thanx for the heads up. Nope, no worries, it's just been awhile since I've seen so many unconfirmed transactions sitting there for any length of time.
legendary
Activity: 1750
Merit: 1007
We are hitting blocksize max + low fees (or nothing Huh) + newly generated coins are with lower priority.

It would be a bit of an irony if BTC guild rejects these for some weird reason

Something's going on, since I received these two transactions from ASICMINER I sent out 2 x 20 BTC payments to two different addresses and no confirmations have shown up for any of them yet.

I received a total of just over 2 BTC from ASICMINER and already had had 200 BTC in my wallet at the time but nothing's confirming for me at the moment.

I sent one of the transactions about 90 minutes ago and it's got nothing, I paid the fee as well.

I can't help but feel this issue is somehow connected to the very slow confirming dividend transactions. I could be wrong though.

This is what's going on. The blockchain is backed up with unconfirmed transactions.

https://blockchain.info/unconfirmed-transactions

Which is why BTC Guild is about to launch a new Stratum server with updated bitcoind settings to push for larger blocks (500 KB instead of 250 KB), and more space reserved for transactions that include fees to avoid freebies getting in before paid transactions.

But 3000 unconfirmed txes isn't that much when you consider no blocks in 30 minutes.
hero member
Activity: 763
Merit: 500
Where/how can one buy shares?

If i wanted to buy 10 shares, what % of ASICMINERS network total would that be equal to. Also what would 10 shares cost? And are any shares available?

You can buy 11 shares of DMC on Bitfunder and trade them (someday) for 1 ASICMINER.

If you just want the exposure, buy into a pass-through or a mining fund holding the shares, such has JAH.

https://bitfunder.com/asset/DMC
https://bitfunder.com/asset/JAH
https://bitfunder.com/asset/G.ASICMINER-PT

I'm buying all three!   Cool

Would buying DMC at current values not give you the same exposure to ASICMINER as buying a share for 0.50 (or close to).  Seems like a better deal then the pass-throughs.
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