ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1290.

beekeeper

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LTC

Quote from: lophie on January 03, 2013, 04:46:51 AM

Quote from: beekeeper on January 03, 2013, 03:20:23 AM

Well, GZ guys.
At the same time, I must admit, IMO bitcoin developers (Gavin and CO) should have forced a hard fork with a new alg, not allowing ASIC taking over BTC. Right now, it seems, 51% of hashing power will be in short time in the hands of few individuals which will mine for themselves. I bet this wasn't the original idea behind BTC..

Well since it is possible some people would eventually do it for any alog. IMO this is the best scenario for it to actually happen. Several groups working on their own designs and a community willing to buy such hardware to decentralize as much as possible and secure the network.

The first horse advantage? Now how would you prevent that in any scenario? Just be glad the first horse is not planning on shitting all over us! Cheesy

Algorithm change and fork. As I said, it seems to me, BTC creator thought it as a decentralized currency to be hashed on peoples around the world computers. We are now in worst case scenario, with one very small group able to control more than 51% of hashing power.
Ofc, nothing can be done now and we should congrats the guys which put so much effort and won this race. But again, I cant stop noticing where BTC started and where it ended today..

lophie

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Quote from: beekeeper on January 03, 2013, 03:20:23 AM

Well, GZ guys.
At the same time, I must admit, IMO bitcoin developers (Gavin and CO) should have forced a hard fork with a new alg, not allowing ASIC taking over BTC. Right now, it seems, 51% of hashing power will be in short time in the hands of few individuals which will mine for themselves. I bet this wasn't the original idea behind BTC..

Well since it is possible some people would eventually do it for any alog. IMO this is the best scenario for it to actually happen. Several groups working on their own designs and a community willing to buy such hardware to decentralize as much as possible and secure the network.

The first horse advantage? Now how would you prevent that in any scenario? Just be glad the first horse is not planning on shitting all over us! Cheesy

Jutarul

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Quote from: friedcat on January 03, 2013, 01:31:33 AM

Update

The samples passed all functionality tests. The power consumption is also within the expected range. And as our overclocking tests had shown, they still have a lot of potentials compared to our original spec. This means that the biggest risk of our project is gone and our NRE is a fruitful spend.

The first production batch of chips will be out of the packaging service tomorrow. Our deploying is on its way.

Well done! You're eternal now. Be sure to put a few of these babies into plastic for donating them to a museum, as this will be the first official ASIC touching the bitcoin network!

Quote from: friedcat on January 03, 2013, 01:31:33 AM

Quote from: DiabloD3 on January 02, 2013, 04:33:10 PM

Except friedcat was just going to run his own just for asicminer.

Briefly yes. But the new platform is not owned by us. We have more control to it than other third-party platforms. It's also more secure and easier to audit/monitor than others. We couldn't give an exact timeline but also as said before it will be before our first dividend payment, which is in the very near future since the first mining farm using self-designed ICs in the world is about to be born.

This will be a heck of a re-IPO. Make sure to give people enough lead time to get their BTC onto the exchange. Otherwise I see the price overshoot due to liquidity issues. The sky is the limit.

punin

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Quote from: samson on January 03, 2013, 01:44:03 AM

Quote from: bitcoinbear on January 03, 2013, 01:39:13 AM

It is a shame that the shares are not actively trading so we could see the price jump upward on this news.

True, this devalues it for everyone.

This does absolutely nothing to devalue these shares. If you want to quickly sell yours, I'm willing to buy them.

beekeeper

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LTC

Quote from: friedcat on January 03, 2013, 01:31:33 AM

Update

The samples passed all functionality tests. The power consumption is also within the expected range. And as our overclocking tests had shown, they still have a lot of potentials compared to our original spec. This means that the biggest risk of our project is gone and our NRE is a fruitful spend.

The first production batch of chips will be out of the packaging service tomorrow. Our deploying is on its way.

Well, GZ guys.
At the same time, I must admit, IMO bitcoin developers (Gavin and CO) should have forced a hard fork with a new alg, not allowing ASIC taking over BTC. Right now, it seems, 51% of hashing power will be in short time in the hands of few individuals which will mine for themselves. I bet this wasn't the original idea behind BTC..

samson

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Quote from: bitcoinbear on January 03, 2013, 01:39:13 AM

It is a shame that the shares are not actively trading so we could see the price jump upward on this news.

True, this devalues it for everyone.

bitcoinbear

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Activity: 518

Merit: 500

Quote from: friedcat on January 03, 2013, 01:31:33 AM

Update

The samples passed all functionality tests. The power consumption is also within the expected range. And as our overclocking tests had shown, they still have a lot of potentials compared to our original spec. This means that the biggest risk of our project is gone and our NRE is a fruitful spend.

The first production batch of chips will be out of the packaging service tomorrow. Our deploying is on its way.

Briefly yes. But the new platform is not owned by us. We have more control to it than other third-party platforms. It's also more secure and easier to audit/monitor than others. We couldn't give an exact timeline but also as said before it will be before our first dividend payment, which is in the very near future since the first mining farm using self-designed ICs in the world is about to be born.

It is a shame that the shares are not actively trading so we could see the price jump upward on this news.

niko

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There is more to Bitcoin than bitcoins.

Quote from: friedcat on January 03, 2013, 01:31:33 AM

Update

The samples passed all functionality tests. The power consumption is also within the expected range. And as our overclocking tests had shown, they still have a lot of potentials compared to our original spec. This means that the biggest risk of our project is gone and our NRE is a fruitful spend.

The first production batch of chips will be out of the packaging service tomorrow. Our deploying is on its way.

Great news, kudos to engineers behind this project. This will look wonderful on your resumes!

friedcat

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Update

The samples passed all functionality tests. The power consumption is also within the expected range. And as our overclocking tests had shown, they still have a lot of potentials compared to our original spec. This means that the biggest risk of our project is gone and our NRE is a fruitful spend.

The first production batch of chips will be out of the packaging service tomorrow. Our deploying is on its way.

Quote from: DiabloD3 on January 02, 2013, 04:33:10 PM

Quote from: Gabit on January 02, 2013, 08:50:37 AM

Quote from: intel-core-i7 on January 02, 2013, 08:17:56 AM

+1 for fast migration to a trading platform.
+1 for faster sending of confirmation email that I own my shares

-1 for migration to a trading platform.

If it is not done in block chain with colored coins, or similar manner, please do not. It just will get busted, and create another mess like GLBSE. If we can trade it by using block chain +1.

Except friedcat was just going to run his own just for asicminer.

Briefly yes. But the new platform is not owned by us. We have more control to it than other third-party platforms. It's also more secure and easier to audit/monitor than others. We couldn't give an exact timeline but also as said before it will be before our first dividend payment, which is in the very near future since the first mining farm using self-designed ICs in the world is about to be born.

DiabloD3

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Quote from: Gabit on January 02, 2013, 08:50:37 AM

Quote from: intel-core-i7 on January 02, 2013, 08:17:56 AM

+1 for fast migration to a trading platform.
+1 for faster sending of confirmation email that I own my shares

-1 for migration to a trading platform.

If it is not done in block chain with colored coins, or similar manner, please do not. It just will get busted, and create another mess like GLBSE. If we can trade it by using block chain +1.

Except friedcat was just going to run his own just for asicminer.

samson

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Quote from: conspirosphere.tk on January 02, 2013, 04:06:10 PM

Yes. And nothing less.

Seems about right to me, I'd like to see trading resumed on this asap whichever platform is chosen.

I don't see any reason why transaction details can't be sent automatically to the issuer in real time as they happen. Maybe some of the platforms do this already.

Is there any timeframe on the completion of this return to trading ?

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: creativex on January 02, 2013, 03:37:04 PM

Would you settle for an automated report sent to asset issuers every 12hrs with investors' email and number of shares?

This would describe https://btct.co/

Yes. And nothing less.

creativex

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Quote from: conspirosphere.tk on January 02, 2013, 03:28:52 PM

+1 for migration to a trading platform (ideally with a backup plan in case it blows up -like a daily detailed report to the asset issuer, containing wallet address, shares owned and email of each investor)

Would you settle for an automated report sent to asset issuers every 12hrs with investors' email and number of shares?

This would describe https://btct.co/

conspirosphere.tk

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Bitcoin is antisemitic

+1 for migration to a trading platform (ideally with a backup plan in case it blows up -like a daily detailed report to the asset issuer, containing wallet address, shares owned and email of each investor)

Mausini

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Quote from: Mausini on December 30, 2012, 04:42:52 PM

I know christmas is over, but here is my late wishlist:

More info: I know you are probably pretty bussy, but I think everybody here is eager to know how thing are going...

Share ownership confirmation: This might not be your top priority right now. However, as some investors already got their confirmation, I would be very happy to get mine as well.

[/s]

Trading platform: I dont know... I would love to buy more shares

got my confirmation. thanks friedcat! update?

Gabit

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Quote from: intel-core-i7 on January 02, 2013, 08:17:56 AM

+1 for fast migration to a trading platform.
+1 for faster sending of confirmation email that I own my shares

-1 for migration to a trading platform.

If it is not done in block chain with colored coins, or similar manner, please do not. It just will get busted, and create another mess like GLBSE. If we can trade it by using block chain +1.

intel-core-i7

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+1 for fast migration to a trading platform.
+1 for faster sending of confirmation email that I own my shares

burnside

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Quote from: Mausini on December 30, 2012, 04:42:52 PM

I know christmas is over, but here is my late wishlist:

More info: I know you are probably pretty bussy, but I think everybody here is eager to know how thing are going...
Share ownership confirmation: This might not be your top priority right now. However, as some investors already got their confirmation, I would be very happy to get mine as well.
Trading platform: I dont know... I would love to buy more shares

+1 on the trading platform. I'd like to be able to trade my shares as well.

Mausini

full member

Activity: 177

Merit: 100

I know christmas is over, but here is my late wishlist:

More info: I know you are probably pretty bussy, but I think everybody here is eager to know how thing are going...
Share ownership confirmation: This might not be your top priority right now. However, as some investors already got their confirmation, I would be very happy to get mine as well.
Trading platform: I dont know... I would love to buy more shares

SebastianJu

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Wow... i didnt think it will be so many small chips. Looks like a good chunk of work to build something out of it...
Im eager to hear how they work...

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