Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1253. (Read 3917029 times)

Maybe this is answered in previous 100 pages of posts... Why can't they use https://btct.co/ ?

I do not expect it as he is asking new buyers of ASICMiner for a BTC address. I'm going to guess this is for manual dividend payments.

However this does not bother me at all as friedcat beat BFL and more or less Avlon. friedcat is doing a great job and I am looking forward to the first dividend.

Just to clarify. I am willing to buy not to sell. Thanks.

After GLBSE being cautious is smart. I hope friedcat has his own exchange for these shares even if we have to wait a few more months.

He didn't mention it in his last post, so I doubt it is going to be present.


That was using the original, probably-optimistic timetable.

I wish we could be sure we'd have close to 1/4 of the network for an extended period of time.  But it isn't good to evaluate a company based on rosy-colored numbers like that.  1/10th is what they set out to target; 1/10th is a more reasonable conservative estimate.  The competition is not going to wait forever to bite into the ASIC profits.

That is indeed what Friedcat has said before..... Trading platform would be up and running before the 1st dividend payment....
He also has stated on multiple occasions that it would be a 3rd party solution closely affiliated to them....so it would seem that development of the platform would in no way hinder the deployment as it is done by someone else....

Actually those create demand. Also, with no easy way and micro transactions its a sellers market. So both those things suggest the opposite. Also, the current valuation seems to be around the assumption of 1/8th of the network, but there is the very real possibility of 1/4th soon enough. It also assumes stable price and as we all know, this is a longer term investment in a deflatory currency.

Seriously, there is not many factors that count towards price drop and so many towards increase. Of course its all speculation, but saying its overvalued is far from an educated guess.


And to everyone directly asking friedcat when the platform will be released, he states that very thing in his very last post. The 28th.

You have to dig for it but a while back friedcat said the platform would be available for the first dividend payment.

You have to dig for it but a while back friedcat said the platform would be available for the first dividend payment.

You sure about that?  I just re-read his last announcement post (and haven't seen another since) as all it says is to stop trading during the 28th so it doesn't clash with dividend payments.  I see nothing about the trading platform going online then - and seems I'm not the only one who isn't seeing that anywhere.

And to everyone directly asking friedcat when the platform will be released, he states that very thing in his very last post. The 28th.

Because the exchange isn't up and there are no pasthroughs, I think the value of ASICMINER shares will drop once there are convenient trading methods & more liquidity.

They've traded @ up to .52 recently.

https://bitcointalk.org/index.php?topic=144676.20

friedcat, do we know when the share trading platform will come online? (Of course getting up boards is the priority.) Does anyone know the fair market price? I saw some trade at .38 recently. Thanks!

If there IS a solution to the problem then it is absolutely NOT addressed by debating how someone with 51%+ should spread their mining - that's solving an entirely different issue (how to pretend that a centralised system is decentralised by giving temporary control to other people and fantasising that noone notices the transfer of control is revocable).

It's not as simple as you make it out to be.

If one party controls over 50% of the network then it makes no difference whether they:

Mine solo
Mine on one pool
Mine split across various pools

They STILL have the capability to mount a 51% attack any time they choose to.  Whether, when choosing not to, they mine solo or mine on one or more pools is totally irrelevant - as the capability to 51% attack still exists.  Pretending that the issue is addressed by sharing mining across various pools is just that - pretence.  The issue is unchanged and not addressed.  If there IS a solution to the problem then it is absolutely NOT addressed by debating how someone with 51%+ should spread their mining - that's solving an entirely different issue (how to pretend that a centralised system is decentralised by giving temporary control to other people and fantasising that noone notices the transfer of control is revocable).

I'm just glad that IF someone is going to end with over 51% (and I doubt it's going to happen at all) it's ASICMINER not the scammers at BFL (yeah - only one of them has ever actually been convicted), the liars at Avalon ('shipped' has a different meaning to them than to the rest of the world - to them it just means 'are about to start assembling if we raise enough cash') or the drunkard/liar/scammer at BASIC.

Actually getwork + rollntime + high static diff (120 or higher) would easily support ~10 Thash/s or more. For example this can be done using eloipool, which I use myself, and recommended to jgarzik, who confirmed this was pretty much the only stable solution for him to mine solo with his Avalon.

12 Thash/s translates to merely 23 getwork/s (with 120 diff and rollntime window of 120 sec).

As a solo miner myself, I strongly believe that mining solo with fallback on a pool is a more robust solution overall, as it shields you from all the pool issues (DDoS which sometimes affect multiple pools at once, etc). It is very logical: the software stack of a pool is a lot more complex than a local bitcoind+eloipool, therefore the sheer elimination of this complexity makes solo mining more robust. Also, a pool infrastructure is public, but your own infra is private and nearby, reducing network issues and exposure.