ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1273.

teek

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Quote from: SebastianJu on February 13, 2013, 02:36:33 PM

Thats one thing i dont like with the communication of friedcat. He really only will write an update once a week. While im sure every day many things happen. So whats the problem to make a really short daily update like "Today wiring cables and testing software." or something. That would mean 5 minutes max each day. That should be possible. But so the thread grows with speculation only.

this is how real companies work though, a week is actually quite often and we are really only getting these kind of updates "because bitcoin"

SebastianJu

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Thats one thing i dont like with the communication of friedcat. He really only will write an update once a week. While im sure every day many things happen. So whats the problem to make a really short daily update like "Today wiring cables and testing software." or something. That would mean 5 minutes max each day. That should be possible. But so the thread grows with speculation only.

creativex

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It's either 22 Avalons or ASICMiner at this point. As the hashrate continues to grow the likelihood that it's a large cache of Avalon units shrinks.

niko

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There is more to Bitcoin than bitcoins.

Quote from: LazyOtto on February 13, 2013, 12:31:28 PM

Quote from: niko on February 13, 2013, 12:25:34 PM

Quote from: LazyOtto on February 13, 2013, 12:01:22 PM

And there is now:

Rank User Estimated Speed 1 67117 1,324.19 GH/s

- http://www.btcguild.com/halloffame.php

My estimate puts that at about 20 Avalons.

Or, something else.

Are there confirmations of Avalon customers receiving their units?

Yes. https://bitcointalksearch.org/topic/m.1519802

That link allows me to respond with an affirmative to your question.
But it wasn't really the question you meant to ask. Wink

You're right from all angles! The mistery miner is either an Avalon customer from China, or ASICMINER. Even though I just sold my ASICMINER shares, still awaiting with excitement friedcat's update.

DutchBrat

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I guess we will know within the next 18hrs if it is us mining.... Friedcat update due very soon

LazyOtto

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Quote from: niko on February 13, 2013, 12:25:34 PM

Quote from: LazyOtto on February 13, 2013, 12:01:22 PM

And there is now:

Rank User Estimated Speed 1 67117 1,324.19 GH/s

- http://www.btcguild.com/halloffame.php

My estimate puts that at about 20 Avalons.

Or, something else.

Are there confirmations of Avalon customers receiving their units?

Yes. https://bitcointalksearch.org/topic/m.1519802

That link allows me to respond with an affirmative to your question.
But it wasn't really the question you meant to ask. Wink

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Quote from: LazyOtto on February 13, 2013, 12:01:22 PM

And there is now:

Rank User Estimated Speed 1 67117 1,324.19 GH/s

- http://www.btcguild.com/halloffame.php

My estimate puts that at about 20 Avalons.

Or, something else.

Are there confirmations of Avalon customers receiving their units?

LazyOtto

sr. member

Activity: 476

Merit: 250

And there is now:

Rank User Estimated Speed 1 67117 1,324.19 GH/s

- http://www.btcguild.com/halloffame.php

My estimate puts that at about 20 Avalons.

Or, something else.

Jutarul

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Quote from: memvola on February 13, 2013, 11:18:42 AM

Still, assuming the variance is within an acceptable limit, which I think will be the case for ASICMINER for a long time after we deploy, the traffic requirements, latency, additional failure points, trusted intermediaries (p2pool aside), etc. aren't worth the additional decrease in variance in my opinion.

I'd rather see the blocks branded with our name for all eternity. Cheesy

Seeing an ASICMINER slice in blockchain.info's hashrate distribution chart would definitely give me a grin.

There are many good reasons for either choice. A good argument for using a mining pool is that it acts as a proxy, which prevents you from directly getting DOSed. Longterm ASICMINER probably wants to split the mining gear into segments, each using a different mining strategy, to reduce the risk of being completely shutdown by a cyber attack.

memvola

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Quote from: 2weiX on February 13, 2013, 08:55:29 AM

Quote from: memvola on February 13, 2013, 04:42:38 AM

Quote from: 2weiX on February 13, 2013, 04:16:13 AM

reduce variance. for a publicly owned miner, this is the only way to go.

I think it's the opposite, it is the only way to go for the individual miner. Being publicly owned has nothing to do with it.

If you have a high enough hashrate (more than a few percent of the network) and have to produce dividends in a long enough period (e.g. weekly), that already reduces variance. Why reduce efficiency, introduce an intermediary and increase vulnerability? Makes no sense.

using a pool with 0 fees that distributes trxfees amongst his miners is +ev, no?

Still, assuming the variance is within an acceptable limit, which I think will be the case for ASICMINER for a long time after we deploy, the traffic requirements, latency, additional failure points, trusted intermediaries (p2pool aside), etc. aren't worth the additional decrease in variance in my opinion.

I'd rather see the blocks branded with our name for all eternity. Cheesy

Seeing an ASICMINER slice in blockchain.info's hashrate distribution chart would definitely give me a grin.

eleuthria

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Just because everybody keeps going on about PPS and high fees:

BTC Guild PPLNS pays orphaned blocks and transaction fees at a lower fee than PPS. It also uses the highest N value of any pool by a large amount to reduce shift variance significantly over BitMinter and p2pool, and with a much higher pool speed, has lower daily variance as well even when using PPLNS instead of PPS.

matauc12

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Activity: 658

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Quote from: MPOE-PR on February 13, 2013, 09:06:24 AM

Quote from: memvola on February 13, 2013, 04:42:38 AM

Quote from: 2weiX on February 13, 2013, 04:16:13 AM

reduce variance. for a publicly owned miner, this is the only way to go.

I think it's the opposite, it is the only way to go for the individual miner. Being publicly owned has nothing to do with it.

If you have a high enough hashrate (more than a few percent of the network) and have to produce dividends in a long enough period (e.g. weekly), that already reduces variance. Why reduce efficiency, introduce an intermediary and increase vulnerability? Makes no sense.

Sounds about right. Asicminer would probably be better served by making its own pool than by trying to making its own exchange.

I was gonna say "damn I like that idea" (seriously, no sarcasm), but then I realized a one man pool is just the same as solo mining with "rpcuser"

MPOE-PR

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Activity: 756

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Quote from: memvola on February 13, 2013, 04:42:38 AM

Quote from: 2weiX on February 13, 2013, 04:16:13 AM

reduce variance. for a publicly owned miner, this is the only way to go.

I think it's the opposite, it is the only way to go for the individual miner. Being publicly owned has nothing to do with it.

If you have a high enough hashrate (more than a few percent of the network) and have to produce dividends in a long enough period (e.g. weekly), that already reduces variance. Why reduce efficiency, introduce an intermediary and increase vulnerability? Makes no sense.

Sounds about right. Asicminer would probably be better served by making its own pool than by trying to making its own exchange.

kibblesnbits

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Activity: 557

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Quote from: DutchBrat on February 13, 2013, 02:30:57 AM

Call me crazy... but if I ran a mining/hardware company with shareholders I would let them know when the 1st ASIC came online, and then again when surpassing the 1 TH/s mark.... tell the shareholders where they can see speed and earnings.....and not wait till the next weekly update..... Huh

I'm pretty sure Friedcat would do the same...

I don't think it's ASICminer....

edit: it looks more like 16 Avalons coming online

I'll call ya crazy. Wink

If I had a car company that promised 300 miles per gallon? Before the public announcement, I'd have people make sure the thing doesn't catch fire while driving it. Don't make any kind of announcements until it's solid. I can wait.

2weiX

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this space intentionally left blank

Quote from: memvola on February 13, 2013, 04:42:38 AM

Quote from: 2weiX on February 13, 2013, 04:16:13 AM

reduce variance. for a publicly owned miner, this is the only way to go.

I think it's the opposite, it is the only way to go for the individual miner. Being publicly owned has nothing to do with it.

If you have a high enough hashrate (more than a few percent of the network) and have to produce dividends in a long enough period (e.g. weekly), that already reduces variance. Why reduce efficiency, introduce an intermediary and increase vulnerability? Makes no sense.

using a pool with 0 fees that distributes trxfees amongst his miners is +ev, no?

novusordo

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Knowing friedcat, we won't hear anything until tomorrow regardless of who the mystery miner is. Wink

Not complaining or anything, of course. His nearly-religious Thursday updates have been awesome.

SebastianJu

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I think testing asics at a pool is better than solomining because the pool has more solved blocks in the same amount of time. And thats needed for testing how fast and successful your asic is.

Im not sure if its avalon or asicminer. Friedcat seems to be more of a guy that claims success when success is made sure. So it can be its asicminer i think.

memvola

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Activity: 938

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Quote from: 2weiX on February 13, 2013, 04:16:13 AM

reduce variance. for a publicly owned miner, this is the only way to go.

I think it's the opposite, it is the only way to go for the individual miner. Being publicly owned has nothing to do with it.

If you have a high enough hashrate (more than a few percent of the network) and have to produce dividends in a long enough period (e.g. weekly), that already reduces variance. Why reduce efficiency, introduce an intermediary and increase vulnerability? Makes no sense.

2weiX

legendary

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this space intentionally left blank

Quote from: memvola on February 13, 2013, 03:53:26 AM

Quote from: LazyOtto on February 13, 2013, 02:59:51 AM

So, back on topic, from what I'm familiar with, the best pools to point ASICMINER at would be:

BitMinter
OzCoin
p2pool - with caveats

Why use a pool? I still haven't seen any good arguments for it.

reduce variance. for a publicly owned miner, this is the only way to go.

also: slush!

memvola

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Quote from: LazyOtto on February 13, 2013, 02:59:51 AM

So, back on topic, from what I'm familiar with, the best pools to point ASICMINER at would be:

BitMinter
OzCoin
p2pool - with caveats

Why use a pool? I still haven't seen any good arguments for it.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1273. (Read 3917029 times)