Author

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 495. (Read 3917531 times)

hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
nope - Mac - and no, I didn't install that "Stealth Bit" malware

That's the only computer you've used to logon to Havelock?
full member
Activity: 179
Merit: 100
hero member
Activity: 518
Merit: 500
nope - Mac - and no, I didn't install that "Stealth Bit" malware
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
are you using windows?
hero member
Activity: 518
Merit: 500
Just a warning - I've just had my havelock account hacked and all my AM1 shares stolen, and money withdrawn from account.

I had both 2FA enabled, and login from my own country, Thailand. The thief managed to bypass both of those somehow.

I'm devastated right now - I have asked havelock if they can do anything about it ....

That is why price has gone down at havelock - someone sold my 150 shares and then withdrawn the bitcoins.

All withdrawn to: 18jURpZJjcpdp8Utdf9tePVY4VGK84DmUy
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
I have a question : the third-generation chip's payment considering USD and Bitcoins.   What if Friedcat would receive huge of USDs,  then How Friedcat pay shareholders Bitcoins ?  To buy huge Bitcoins in the market will certainly be hard .

As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.
I really don't see ASICMiner accepting dollars in payment. Cash, check, credit card? LOL.

From what I've been reading, AM would name a price for gen 3 chips in USD but accept payment in the equivalent amount of BTC. So, as the BTCUSD rate goes up, the hardware becomes cheaper in BTC.

In order to maximize BTC dividends, hope for the current low exchange rate (Bitstamp is at $630) to continue...

These problems have been addressed by friedcat in his latest statement: https://bitcointalksearch.org/topic/m.5025133
newbie
Activity: 23
Merit: 0
I have a question : the third-generation chip's payment considering USD and Bitcoins.   What if Friedcat would receive huge of USDs,  then How Friedcat pay shareholders Bitcoins ?  To buy huge Bitcoins in the market will certainly be hard .

As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.
I really don't see ASICMiner accepting dollars in payment. Cash, check, credit card? LOL.

From what I've been reading, AM would name a price for gen 3 chips in USD but accept payment in the equivalent amount of BTC. So, as the BTCUSD rate goes up, the hardware becomes cheaper in BTC.

In order to maximize BTC dividends, hope for the current low exchange rate (Bitstamp is at $630) to continue...
sr. member
Activity: 378
Merit: 250
AFAIK, there have not been any reports of problems sending BTC transactions with confirmed coins. Someone please point out if I've missed problems in that scenario. The only potential issue would be if friedcat were using a bitcoin client (like QT) which allowed him to send unconfirmed coins sent to the change address and he didn't wait for the change transactions to be confirmed.

Or am I missing something about the malleable tx 'flaw'?

I think you're right. AM is safe. I am watching on-going discussion and awaiting fix soon :

Code:
https://github.com/bitcoin/bitcoin/pull/3656
legendary
Activity: 1442
Merit: 1001
Looks like all divs are confirmed at least 45 times, I was not expecting things to go this well all things considered.

Good news coming out of AM, Divs were a little higher this week, divs confirmed with little issue, overall news for bitcoin in general is positive.  I see the share price going up quite a bit the next few months.

AFAIK, there have not been any reports of problems sending BTC transactions with confirmed coins. Someone please point out if I've missed problems in that scenario. The only potential issue would be if friedcat were using a bitcoin client (like QT) which allowed him to send unconfirmed coins sent to the change address and he didn't wait for the change transactions to be confirmed.

Or am I missing something about the malleable tx 'flaw'?
full member
Activity: 173
Merit: 100
I have a question : the third-generation chip's payment considering USD and Bitcoins.   What if Friedcat would receive huge of USDs,  then How Friedcat pay shareholders Bitcoins ?  To buy huge Bitcoins in the market will certainly be hard .

As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.
full member
Activity: 134
Merit: 100
I have a question : the third-generation chip's payment considering USD and Bitcoins.   What if Friedcat would receive huge of USDs,  then How Friedcat pay shareholders Bitcoins ?  To buy huge Bitcoins in the market will certainly be hard .
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
Looks like all divs are confirmed at least 45 times, I was not expecting things to go this well all things considered.

Good news coming out of AM, Divs were a little higher this week, divs confirmed with little issue, overall news for bitcoin in general is positive.  I see the share price going up quite a bit the next few months.
hero member
Activity: 518
Merit: 500
Havelock paid about 30 minutes ago, so I presume they must have have gotten confirmed payment from AM
sr. member
Activity: 302
Merit: 250
Not sure if others are still having problems, but mine confirmed here. There was a several hour delay on one of them, but that isn't unusual for AM dividend payouts.
sr. member
Activity: 302
Merit: 250
My payment is in a tx about 15 transactions down the unconfirmed chain.

I feel like this might get screwed up.

Still unconfirmed here as well
hero member
Activity: 630
Merit: 500
My payment is in a tx about 15 transactions down the unconfirmed chain.

I feel like this might get screwed up.
Transactions are getting confirmed, but since included tx fees are less then recommended, priority for including those tx in a block is not very high. But they are comming through.
sr. member
Activity: 248
Merit: 252
My payment is in a tx about 15 transactions down the unconfirmed chain.

I feel like this might get screwed up.
legendary
Activity: 896
Merit: 1001
Lets see how this transaction goes... first link in the chain has yet to be confirmed, my QT client does not even see my transaction yet... but I can see it on blockchain.info.

I'm in the same position.
hero member
Activity: 518
Merit: 500
Divs are out: 0.00038072

Getting paid quicker every week. Prefer getting larger every week but need to wait a bit for that Smiley
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
Lets see how this transaction goes... first link in the chain has yet to be confirmed, my QT client does not even see my transaction yet... but I can see it on blockchain.info.
Jump to: