Why would solo mining increase the risk of the ASIC chips going offline?
Because DDOS.
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1254. (Read 3917543 times)
February 26, 2013, 08:57:33 AM
Because DDOS.
February 26, 2013, 08:46:29 AM
I would assume there is a fail-over to another pool or even solo-mining once the main pool goes down... that's very standard in almost any mining software these days
February 26, 2013, 08:44:10 AM
That is... Disappointing. I guess there is a benefit for a major network hasher and highest share producer by an order of magnitude to not use pplns
I'm not sure this is disappointing at first glance. While bitcoin mining over time will tend to 100%, reality is that a large solo mining organization could go months running well under 100% PPS. Paying a 5% fee with as much hashing power as they have looks like a good short term strategy to make sure they are making the most btc possible. Also, if BTCGuild is one of the better pools as far a stability is concerned, this is one less thing for Friedcat to worry about during these few short weeks/months of extreme profits.
I agree with the second part a lot. If it works, let us do it. Who wants to be off-line every 30 mins trying to "save" 5%.
February 26, 2013, 08:42:23 AM
Any word on when the exchange will be up and running?
February 26, 2013, 07:58:33 AM
That is... Disappointing. I guess there is a benefit for a major network hasher and highest share producer by an order of magnitude to not use pplns
I'm not sure this is disappointing at first glance. While bitcoin mining over time will tend to 100%, reality is that a large solo mining organization could go months running well under 100% PPS. Paying a 5% fee with as much hashing power as they have looks like a good short term strategy to make sure they are making the most btc possible. Also, if BTCGuild is one of the better pools as far a stability is concerned, this is one less thing for Friedcat to worry about during these few short weeks/months of extreme profits.
February 26, 2013, 07:51:47 AM
Anyways, let's not talk about a problem we are not even close to have yet. Once we reach 15TH/s bring it up a 5th time.
The fact it's possible necessitates a solid plan. If you don't want to talk about it, that's fine, but I don't understand why others shouldn't be talking about it. Even if it never happens, at a future point I'd like to be able to say that we always had a plan. Also, it's an interesting problem. Most of the talk is about whether the talk about it makes sense, and it's unproductive.
February 26, 2013, 07:10:49 AM
It'd be interesting to see if ASICMINER is able to get a special deal like half fees in exchange for pool exclusivity.
If we have 80% of the network that is not a good idea:)
Also that being said, to avoid centralization of the mining hardware could be set up in different locations to avoid a raid/51% attack.
We are the only ASIC company with anything really going. BFL looks like 4 to 6 weeks (maybe) and avalon is not going to be much. bASIC is dead so yeah, I see 45% of the network pretty realistic and we should deal with that.
Also, it is very likely the ozco miner that some are Avalon themselves to fund their batch #1.
Anyways, let's not talk about a problem we are not even close to have yet. Once we reach 15TH/s bring it up a 5th time.
February 26, 2013, 06:35:45 AM
It'd be interesting to see if ASICMINER is able to get a special deal like half fees in exchange for pool exclusivity.
If we have 80% of the network that is not a good idea:)
Also that being said, to avoid centralization of the mining hardware could be set up in different locations to avoid a raid/51% attack.
We are the only ASIC company with anything really going. BFL looks like 4 to 6 weeks (maybe) and avalon is not going to be much. bASIC is dead so yeah, I see 45% of the network pretty realistic and we should deal with that.
Deployment of Asicminer is currently under 2TH per week.... so will be 25 weeks before the full 50TH is deployed.... so 45% not really realistic imo
February 26, 2013, 05:36:04 AM
It'd be interesting to see if ASICMINER is able to get a special deal like half fees in exchange for pool exclusivity.
If we have 80% of the network that is not a good idea:)
Also that being said, to avoid centralization of the mining hardware could be set up in different locations to avoid a raid/51% attack.
We are the only ASIC company with anything really going. BFL looks like 4 to 6 weeks (maybe) and avalon is not going to be much. bASIC is dead so yeah, I see 45% of the network pretty realistic and we should deal with that.
Deployment of Asicminer is currently under 2TH per week.... so will be 25 weeks before the full 50TH is deployed.... so 45% not really realistic imo
February 26, 2013, 05:28:30 AM
Again that talk when we have 10%?
Just look at ozcoin http://www.ozco.in/content/hall-fame-round-shares-bitcoin First four position
February 26, 2013, 05:12:23 AM
It'd be interesting to see if ASICMINER is able to get a special deal like half fees in exchange for pool exclusivity.
If we have 80% of the network that is not a good idea:)
Also that being said, to avoid centralization of the mining hardware could be set up in different locations to avoid a raid/51% attack.
February 26, 2013, 05:11:38 AM
Seems like friedcat and eleuthria have a working relationship. Special deal maybe?
I wonder how many shares (if any) friedcat holds in ASICMINER ?
Hopefully a lot.
February 26, 2013, 03:49:49 AM
It'd be interesting to see if ASICMINER is able to get a special deal like half fees in exchange for pool exclusivity.
February 26, 2013, 03:46:33 AM
I guess it is more begging than bidding 
. Why so mad? Consider those the high asking and me the low biddeng. Maybe a kind soul would grace me?
. Why so mad? Consider those the high asking and me the low biddeng. Maybe a kind soul would grace me?I can offer you 11 shares for your 4BTC, thats all.
Thnx. But sadly I have to decline.
February 26, 2013, 02:49:29 AM
Seems like friedcat and eleuthria have a working relationship. Special deal maybe?
I wonder how many shares (if any) friedcat holds in ASICMINER ?
Hopefully a lot.
At least 1/3rd of the 200.000 shares of Bitfountain I would think
February 26, 2013, 02:26:09 AM
Seems like friedcat and eleuthria have a working relationship. Special deal maybe?
I wonder how many shares (if any) friedcat holds in ASICMINER ?
Hopefully a lot.
February 26, 2013, 02:12:41 AM
Seems like friedcat and eleuthria have a working relationship. Special deal maybe?
I wonder how many shares (if any) friedcat holds in ASICMINER ?
February 25, 2013, 09:57:18 PM
They have absolutely no reason to do PPS, so PPLNS is certainly the right guess. Nonetheless, just because of the variance of solo (the calculation above) to PPLNS/PPS kinda makes that question somewhat irrelevant to the estimate. But yeah would be nice to know anyways.
https://www.btcguild.com/pplns_shift_detail.php?shift=2594
According to btcguild's shift pages, user id 67117 is not on the pplns shift this so they are bundled into PPS.
February 25, 2013, 09:21:19 PM
They have absolutely no reason to do PPS, so PPLNS is certainly the right guess. Nonetheless, just because of the variance of solo (the calculation above) to PPLNS/PPS kinda makes that question somewhat irrelevant to the estimate. But yeah would be nice to know anyways.
https://www.btcguild.com/pplns_shift_detail.php?shift=2594
According to btcguild's shift pages, user id 67117 is not on the pplns shift list so they are bundled into PPS.
February 25, 2013, 09:00:22 PM
what's the best estimate of what ASICMINER has earned sense friedcat confirmed it was them on BTCGUILD?
202blocks*25BTC=5050 BTC (http://www.btcguild.com/halloffame.php)
minus fee, power and labor
Is there any info on whether ASICMINER is doing PPS or PPLNS?
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