Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 228. (Read 3917468 times)
August 27, 2014, 01:30:11 PM
I don't want to 'spoil' everyone's expectations but 277 TH/s don't seem very much today. This is <0.2% of the total network hashrate, we need to scale this up by at least 50-100 times in order to achieve the desired hash rate. But this doesn't say anything about the actual hash rate that is self-mining or mining on another pool.
August 27, 2014, 12:49:50 PM
That's HashRatio, one of AM's largest chip buyers.
Thanks for the info Franktank. Can I ask how you know that? Also, do you know anything about how much AM hardware they have or will receive? And finally, which pool (if any) or mining address they mine for?
I don't imagine there are too many places in the world that have access to abundant electricity, and building codes that make it possible for you to plop down a new warehouse every two weeks. This means these guys are benefiting from some huge advantages in this space, making it really hard for competing operations to keep up with. I think back to all the articles I've read about so and so planning on building a mining datacenter, that will be fully operational within X months. Everyone 'oohing' and 'aahing' at their magnificence, while in the same span of time, a dozen Chinese guys built 10 of them somewhere without a peep.
August 27, 2014, 12:15:14 PM
good old memory of the early days
August 27, 2014, 12:08:17 PM
Anyone know who's miners these are?
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
That is amazing.
That's HashRatio, one of AM's largest chip buyers.
It is quite staggering. The article claims that they are building new WAREHOUSES every 15 days.
Seems possible if they have the money and the work force.
At least if it is HashRatio and they are buying chips from AM, that's the next best thing to being an AM project.
August 27, 2014, 12:06:38 PM
Anyone know who's miners these are?
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
That is amazing.
That's HashRatio, one of AM's largest chip buyers.
It is quite staggering. The article claims that they are building new WAREHOUSES every 15 days.
Seems possible if they have the money and the work force.
August 27, 2014, 12:06:19 PM
Anyone know who's miners these are?
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
That is amazing.
jee.
some info to procrastinate:
Quote
A week after I visited the last bitcoin mine in northeast China, I was able to arrange a trip to a larger, even more secretive operation.
Quote
Each warehouse (...) around 3,000 square meters (32,000 ft2)
Quote
each warehouse took fifteen days to construct, and an additional ten days to fill up with hardware and get it all hashing away.
Quote
That’s four completed warehouses, two under construction, and two more waiting to begin construction.
Quote
The power bill alone for all of this is more than $1,000,000 USD per month.
please tell me AM is involved somehow.
August 27, 2014, 11:54:36 AM
Anyone know who's miners these are?
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
That is amazing.
That's HashRatio, one of AM's largest chip buyers.
It is quite staggering. The article claims that they are building new WAREHOUSES every 15 days.
Holy cow.
August 27, 2014, 11:53:29 AM
Anyone know who's miners these are?
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
That is amazing.
That's HashRatio, one of AM's largest chip buyers.
It is quite staggering. The article claims that they are building new WAREHOUSES every 15 days.
August 27, 2014, 11:51:58 AM
Anyone know who's miners these are?
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
That is amazing.
That's HashRatio, one of AM's largest chip buyers.
August 27, 2014, 11:46:20 AM
Anyone know who's miners these are?
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
That is amazing.
August 27, 2014, 11:45:32 AM
Do I remember correctly that user 67117 on BTCguild is ASICMINER user ID?
This user is currently mining with 277TH...
This user is currently mining with 277TH...
Yes, that's correct. Nice find!
August 27, 2014, 11:44:32 AM
good old memory of the early days
August 27, 2014, 11:41:10 AM
Anyone know who's miners these are?
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/
August 27, 2014, 11:29:16 AM
Do I remember correctly that user 67117 on BTCguild is ASICMINER user ID?
This user is currently mining with 277TH...
This user is currently mining with 277TH...
August 27, 2014, 11:05:25 AM
You're crazy. AM has already purchased ads with dogie as well as the bitcointalk.org forum and the signature space of 30 bitcointalk.org users.
That rational just does not suffice. If enough share holders get together we could buy out all add space with only 0.01 BTC from each person. I don't see where the opposition to this is stemming from. With the start of round two it is a perfect time market aggressively. Miners are being sold fully assembled and competition is initiating the sale of preorders (SP-tech).
You must ask yourself, what is the opportunity cost of not doing this?
Given enough people participate, each share holder puts 0.01 BTC into a trusted member's escrow.
The result:
1) Greater visibility. - More products sold will directly affect your dividend.
2) If competitors are to have add space they must now pay much more since we can greatly outbid as a whole with minimal addition to each person's contribution. This increases overhead and I'm sure you can put it together from there.
3) A crowd funded marketing campaign relieves AM from paying which means less overhead. It's effectively a wash since the cost would come out of your dividends regardless.
There is power in numbers and we can use that to our advantage.
Can you please counter this?
August 27, 2014, 10:20:39 AM
Really all they need to do is get a half way decent website going to take orders...everyone knows who AM is at this point. I see tons of signatures and random ads here already, but lack a simple way to buy gear.
I think (hopeFC) the reason AM is not so focused in distribution is because they are busy plugging in the self operations. Sales would not represent a major income stream anymore (were they anyway before?).
August 27, 2014, 09:58:02 AM
Really all they need to do is get a half way decent website going to take orders...everyone knows who AM is at this point. I see tons of signatures and random ads here already, but lack a simple way to buy gear.
August 27, 2014, 09:20:52 AM
I'm going to say this again.
We can purchase many advertising spots throughout the forum if we pool BTC together. We can help the company, it is what we invested in after all. Why not try to help it as much as possible? How many shareholders are there? If everyone pooled 0.01 BTC we would have more than enough to buy out all add space on the forum. I was really hoping to get the ball rolling by purchasing dogie's add slot. Does anybody agree with this or am I crazy?
We can purchase many advertising spots throughout the forum if we pool BTC together. We can help the company, it is what we invested in after all. Why not try to help it as much as possible? How many shareholders are there? If everyone pooled 0.01 BTC we would have more than enough to buy out all add space on the forum. I was really hoping to get the ball rolling by purchasing dogie's add slot. Does anybody agree with this or am I crazy?
You're crazy. AM has already purchased ads with dogie as well as the bitcointalk.org forum and the signature space of 30 bitcointalk.org users.
August 27, 2014, 09:09:19 AM
Most importantly, it can only be used to mine on one pool,
Which pool(s) must it be used to mine on? Wouldn't this be an indication that the self-mining is proceeding with these pools?
Is this limitation because of the hardware, the controller, or ...?
That's a really good point!
Except friedcat and company most definitely know how to configure their own stratum proxy...
August 27, 2014, 09:02:25 AM
Most importantly, it can only be used to mine on one pool,
Which pool(s) must it be used to mine on? Wouldn't this be an indication that the self-mining is proceeding with these pools?
Is this limitation because of the hardware, the controller, or ...?
ghash.io is the only pool working last I checked...the issue is the controller software sucks.
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