ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1261.

Gabit

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Quote from: leofar on February 19, 2013, 09:14:18 AM

ASICMINER can just sell some hash power in their data centre

That would have no impact on the trust issue, they would still control it.

Quote from: MrTeal on February 19, 2013, 09:07:09 AM

Their design might not be conducive to selling 60GH/s to individuals, but even if they ship full rack kits it would preserve decentralization without negatively impacting their bottom line.

Actually if they were to sell it with BFL prices = $21,67/GH, that would give income of $1 083 333 (50TH), and that would be 38159 BTC, or 0,095 BTC / share. Of course minus manufacturing costs (half? 19079 BTC or 0,0477 / share ). And if BFL isn't shipping for people at large, they could ask more. Selling shovels, is the most profitable.

leofar

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Злобный Ых

Quote from: MrTeal on February 19, 2013, 09:07:09 AM

Quote from: Vandroiy on February 19, 2013, 09:02:36 AM

What does that help? Unless someone checks how many of their chips are ready for activation, they'd still de facto have 51% control they can enable at will. Bitcoin is not decentralized as soon as they have the ability to control the network and thereby do things like undo transactions or require arbitrary fees for block chain inclusion.

The obvious solution would be that if Avalon and BFL have still not shipped in bulk by the time ASICMINER has their additional 50TH/s coming out of the fab, they could keep their existing 12TH/s and begin offering that 50TH/s for public sale as they talked about during their IPO. Their design might not be conducive to selling 60GH/s to individuals, but even if they ship full rack kits it would preserve decentralization without negatively impacting their bottom line.

ASICMINER can just sell some hash power in their data centre

MrTeal

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Quote from: Vandroiy on February 19, 2013, 09:02:36 AM

Quote from: Mausini on February 19, 2013, 08:56:41 AM

Quote from: Jutarul on February 19, 2013, 08:40:38 AM

If BFL and Avalon can't provide significant hashpower to the community, ASICMINER may be forced to either hold back hashpower for a while or push the date for creating customer ready devices. Anything above a 1/3 target for the hashpower hashrate is thin ice because of the fleeting trust in the decentralized nature of bitcoin.

I could not agree more! ASICMINER could adjust hashrate with a feedback loop to keep it at a constant level of below 50% with some safety margin.

What does that help? Unless someone checks how many of their chips are ready for activation, they'd still de facto have 51% control they can enable at will. Bitcoin is not decentralized as soon as they have the ability to control the network and thereby do things like undo transactions or require arbitrary fees for block chain inclusion.

The obvious solution would be that if Avalon and BFL have still not shipped in bulk by the time ASICMINER has their additional 50TH/s coming out of the fab, they could keep their existing 12TH/s and begin offering that 50TH/s for public sale as they talked about during their IPO. Their design might not be conducive to selling 60GH/s to individuals, but even if they ship full rack kits it would preserve decentralization without negatively impacting their bottom line.

Vandroiy

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Quote from: Mausini on February 19, 2013, 08:56:41 AM

Quote from: Jutarul on February 19, 2013, 08:40:38 AM

If BFL and Avalon can't provide significant hashpower to the community, ASICMINER may be forced to either hold back hashpower for a while or push the date for creating customer ready devices. Anything above a 1/3 target for the hashpower hashrate is thin ice because of the fleeting trust in the decentralized nature of bitcoin.

I could not agree more! ASICMINER could adjust hashrate with a feedback loop to keep it at a constant level of below 50% with some safety margin.

What does that help? Unless someone checks how many of their chips are ready for activation, they'd still de facto have 51% control they can enable at will. Bitcoin is not decentralized as soon as they have the ability to control the network and thereby do things like undo transactions or require arbitrary fees for block chain inclusion.

Mausini

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Quote from: Jutarul on February 19, 2013, 08:40:38 AM

If BFL and Avalon can't provide significant hashpower to the community, ASICMINER may be forced to either hold back hashpower for a while or push the date for creating customer ready devices. Anything above a 1/3 target for the hashpower hashrate is thin ice because of the fleeting trust in the decentralized nature of bitcoin.

I could not agree more! ASICMINER could adjust hashrate with a feedback loop to keep it at a constant level of below 50% with some safety margin.

Jutarul

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Quote from: ?? on ??

Quote from: Jutarul on February 19, 2013, 08:40:38 AM

Quote from: ?? on ??

https://forums.butterflylabs.com/blogs/bfl_jody/85-perennial-question-when-will-my-order-ship.html

BFL might ship a unit or two this month maybe, lol!

If BFL fails hard ASICminer should be able to keep 50 to 80% of the network no?

And lets say they do get their 6,000 chips out by July, what will that even add up to in TH?

Thanks.

If BFL and Avalon can't provide significant hashpower to the community, ASICMINER may be forced to either hold back hashpower for a while or push the date for creating customer ready devices. Anything above a 1/3 target for the hashpower hashrate is thin ice because of the fleeting trust into the decentralized nature of bitcoin.

Hmm... I do not like that. Might be best to just sell units like BFL does so we can grow.

That's what I mean with "... push the date for creating customer ready devices".

Jutarul

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Quote from: ?? on ??

https://forums.butterflylabs.com/blogs/bfl_jody/85-perennial-question-when-will-my-order-ship.html

BFL might ship a unit or two this month maybe, lol!

If BFL fails hard ASICminer should be able to keep 50 to 80% of the network no?

And lets say they do get their 6,000 chips out by July, what will that even add up to in TH?

Thanks.

If BFL and Avalon can't provide significant hashpower to the community, ASICMINER may be forced to either hold back hashpower for a while or push the date for creating customer ready devices. Anything above a 1/3 target for the hashpower hashrate is thin ice because of the fleeting trust in the decentralized nature of bitcoin.

🏰 TradeFortress 🏰

vip

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👻

FYI, I am purchasing ASICMINER shares if you want to sell them. PM me.

eleuthria

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Don't forget that the OzCoin miner may have been one of the proxy/pool hopping pools. I know they always used to go to OzCoin/Eclipse when the more easily hoppable pools were having bad rounds.

Korbman

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Quote from: Gabit on February 18, 2013, 04:15:41 PM

Quote from: zefir on February 18, 2013, 04:01:29 PM

Strange, you must have scripting disabled.

Anyhow, this is the current top-20 at ozco.in:

Actually the problem is that the page is loaded under SSL (https) and it tries to load non-secure (http) content from google jsapi (which in this should get blocked by browser, as it claims to be secure but it is not). So one gets the chart if allows this misbehavior.

This ^^

On a topic related note, does anyone know if this user was attributed to ASICMiner or anyone else? I noticed it dropped by 100GH/s but started increasing again...figured it might be a burn in?

Gabit

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Quote from: zefir on February 18, 2013, 04:01:29 PM

Strange, you must have scripting disabled.

Anyhow, this is the current top-20 at ozco.in:

Actually the problem is that the page is loaded under SSL (https) and it tries to load non-secure (http) content from google jsapi (which in this should get blocked by browser, as it claims to be secure but it is not). So one gets the chart if allows this misbehavior.

zefir

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Quote from: SaintFlow on February 18, 2013, 03:26:44 PM

Quote from: zefir on February 18, 2013, 01:22:58 PM

Quote from: DutchBrat on February 18, 2013, 11:19:54 AM

I edited the link, thanks

https://www.ozcoin.net/content/hall-fame-round-shares-bitcoin

The top-20 is even more descriptive.

can you post a screenshot please - for me this page does not load stats

Strange, you must have scripting disabled.

Anyhow, this is the current top-20 at ozco.in:

SaintFlow

sr. member

Activity: 476

Merit: 250

The first is by definition not flawed.

Quote from: zefir on February 18, 2013, 01:22:58 PM

Quote from: DutchBrat on February 18, 2013, 11:19:54 AM

I edited the link, thanks

https://www.ozcoin.net/content/hall-fame-round-shares-bitcoin

The top-20 is even more descriptive.

can you post a screenshot please - for me this page does not load stats

zefir

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Activity: 919

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Quote from: DutchBrat on February 18, 2013, 11:19:54 AM

I edited the link, thanks

https://www.ozcoin.net/content/hall-fame-round-shares-bitcoin

The top-20 is even more descriptive.

bitfair

sr. member

Activity: 362

Merit: 250

This is starting to look very, very good. Almost unbelievably good, actually.

The urgent/non-urgent payments (except for 2nd round packaging/PCB/assemly cost) appear to total at around 5200 BTC (or approx. 865k RMB/140k USD).

Looking at the mining stats at BTC Guild, seems like ASICMINER has found 69 blocks so far, estimated mining revenue is then 1725 BTC. (I know I'm not making corrections for fees/PPS - this is just an estimate.) I'm also going to guess that ASICMINER is the "anonymous" miner on Ozcoin who has found 7 blocks, for another 175 BTC. So let's say a total of 1900 BTC so far.

That should put ASICMINER revenue so far at about 35% of the costs given. Assuming a steady hashrate of 3.5 TH/s gives around 480 BTC/day at this difficulty, which mean all these costs should be covered in 7 days from now. Of course, if hashrate increases, like all shareholders are hoping for, the costs should be covered much quicker (12 TH/s gives approx 1600 BTC/day).

I predict good times ahead for ASICMINER!

DutchBrat

hero member

Activity: 868

Merit: 1000

Quote from: novusordo on February 18, 2013, 11:19:06 AM

Quote from: DutchBrat on February 18, 2013, 10:19:08 AM

Zefir: There's definitely someone on OzCoin increasing his/her hashrate.... but no name (Anonymous).... up to 600GH/s at the moment

][https://www.ozcoin.net/content/hall-fame-round-shares-bitcoin]

Your link is bad and you should feel bad.

I edited the link, thanks

https://www.ozcoin.net/content/hall-fame-round-shares-bitcoin

novusordo

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Activity: 800

Merit: 250

Quote from: DutchBrat on February 18, 2013, 10:19:08 AM

Zefir: There's definitely someone on OzCoin increasing his/her hashrate.... but no name (Anonymous).... up to 600GH/s at the moment

][https://www.ozcoin.net/content/hall-fame-round-shares-bitcoin]

Your link is bad and you should feel bad.

phantastisch

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Activity: 2271

Merit: 1363

Quote from: DutchBrat on February 18, 2013, 10:19:08 AM

Zefir: There's definitely someone on OzCoin increasing his/her hashrate.... but no name (Anonymous).... up to 600GH/s at the moment

[urlhttps://www.ozcoin.net/content/hall-fame-round-shares-bitcoin][/url]

We are sitting at only 3 TH/s on BTC Guild , i would feel happier if we knew how deploying is going forward...

matauc12

hero member

Activity: 658

Merit: 500

Quote from: meowmeowbrowncow on February 18, 2013, 05:55:30 AM

Has there been any substantive conversation about how and when ASICMiner plans to try to gain consumer market share?

I see their self-mining profitability (really, the .35 / share ROI) as good, so long as they maintain a +20% share of the total network. Reportedly, something ASICMiner does not plan to do.

I don't see that "reportedly" anywhere. Do you?

DutchBrat

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Activity: 868

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Zefir: There's definitely someone on OzCoin increasing his/her hashrate.... but no name (Anonymous).... up to 600GH/s at the moment

https://www.ozcoin.net/content/hall-fame-round-shares-bitcoin

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