ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 564.

SebastianJu

legendary

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Quote from: Xu on November 30, 2013, 08:38:08 PM

I have just one question for FC (or anyone else who can answer authoritatively): where are the dividends from hardware sales? I was kind of expecting them a couple weeks ago, then I was really expecting them last week. Now I am totally uncertain when or even if they will ever be paid. I suspect a lot of other shareholders (and former shareholders) are in the same boat.

I think he paid them out already. The cubes most probably have a thin profitabilty now anymore since its gen1. So lets say 3000 are sold for a profit of 0.1BTC makes 300BTC in total for one week. Not so very much. At least thats how i think it worked.

SebastianJu

legendary

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Quote from: ThickAsThieves on November 30, 2013, 08:32:47 PM

Quote from: ?? on ??

What hinders me to use an email address i know is attached to your Asicminer Shares, fake an email coming from that address and move 300 shares to one of my addresses? Even when one doesnt know this email. The chance is high that the user is showing that email somewhere and isnt using a special email for this.
I think thats a high risk.

I no longer submit my requests like most people, so it would stick out like a sore thumb, but I'm not your average shareholder in that sense. Otherwise, I agree, FC could get duped if he isn't careful. Being that no one has pulled this off yet, I suspect he is.

(This sounds like a good POLL question. However, it could be moot once the blockchain-based exchange is up and running...)

Quote from: ?? on ??

Yes, i can be specific with my own signature. But if i already gave out a signature to someone other, or even posted it somewhere then someon could go and try to use this signature.

Don't do that. That security mistake is yours, not FC's. If you have careless sigs out there, move your shares to a new address, simple as that.

I would expect that friedcat would solve problems that occur out of his failures from his wallet. So i think the problem isnt so big.

Regarind signatures... it was an example. But how many signatures did you get by pm? Or found them in the forum? I guess its many. And many of them didnt thought about the possibility of them being recycled. This could only be prevented when both the signer is using only specific messages and when friedcat is demanding specific messages. Everything else is risky.

Xu

newbie

Activity: 26

Merit: 0

I have just one question for FC (or anyone else who can answer authoritatively): where are the dividends from hardware sales? I was kind of expecting them a couple weeks ago, then I was really expecting them last week. Now I am totally uncertain when or even if they will ever be paid. I suspect a lot of other shareholders (and former shareholders) are in the same boat.

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: ?? on ??

What hinders me to use an email address i know is attached to your Asicminer Shares, fake an email coming from that address and move 300 shares to one of my addresses? Even when one doesnt know this email. The chance is high that the user is showing that email somewhere and isnt using a special email for this.
I think thats a high risk.

I no longer submit my requests like most people, so it would stick out like a sore thumb, but I'm not your average shareholder in that sense. Otherwise, I agree, FC could get duped if he isn't careful. Being that no one has pulled this off yet, I suspect he is.

(This sounds like a good POLL question. However, it could be moot once the blockchain-based exchange is up and running...)

Quote from: ?? on ??

Yes, i can be specific with my own signature. But if i already gave out a signature to someone other, or even posted it somewhere then someon could go and try to use this signature.

Don't do that. That security mistake is yours, not FC's. If you have careless sigs out there, move your shares to a new address, simple as that.

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: ?? on ??

Since i have to move a couple of shares to other addresses i checked the description on what to do and found that it doesnt look really safe to me.

One way to put shares to another address is to simply ask friedcat to do that from the email friedcat is knowing. Email accounts are hacked not very seldom. And would friedcat check if a sender is faked at all? I imagine he isnt.

The second way is to send a signature. There are no rules for that. Everyone that had posted a signature somewhere or sent it through pm could be in danger when a person that knows this signature is using it to send it to friedcat. Since there are no rules for the message to sign. So shares could be stolen.

I never before sent direct shares but i dont like how insecure this looks. Am i overseeing something?

1. You are always welcome to include a wallet-signed message for verification with Friedcat. He will accept transfer requests from email without a signed message, and I am not sure what security lengths he goes to. In regard to my dealings, I audit all transactions weekly to make sure things balance.

2. Messages CAN be signed safely, simply make them specific to the effort. An easy example is putting today's date in the signed message, and saying exactly what the transaction is and with whom. This makes the message mostly useless for future theft.

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: explorer on November 30, 2013, 05:41:56 PM

Is anyone compiling a list of questions for the board, as was previously done?

Mostly people just repeatedly ask when the next poll will happen.

When it comes down to it, people are either too lazy to compile a sane list of questions, realize their questions aren't good ones, or have already been answered.

If you guys get a reasonable list of such unanswered questions together, I'd be glad to present them to FC.

This has been the case since the first poll.

explorer

legendary

Activity: 2016

Merit: 1259

Is anyone compiling a list of questions for the board, as was previously done?

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: BCarr6615 on November 30, 2013, 05:08:45 PM

Hey guys,

I had full AM shares on BTCT that have since become direct shares. I'm wondering who to contact or how I can transfer those shares into Havelock? Do I contact friedcat directly? Sorry for the newb question..

Find user Thickasthieves who runs the passthrough on havelock. Read his recent posts and you will find instructions on how to do the conversion.

BCarr6615

newbie

Activity: 3

Merit: 0

Hey guys,

I had full AM shares on BTCT that have since become direct shares. I'm wondering who to contact or how I can transfer those shares into Havelock? Do I contact friedcat directly? Sorry for the newb question..

Aajo

member

Activity: 94

Merit: 10

Quote from: ?? on ??

Does someone know when friedcat will move direct shares to a new owner? I read he is doing it once a week at the moment... at what week of the day?

Should be / was always on wednesday before the divs payout.

ninjarobot

hero member

Activity: 761

Merit: 500

Mine Silent, Mine Deep

Also: http://bitcoinexaminer.org/chinese-journalist-reveals-the-secrets-of-asicminers-mining-facility/

antirack

hero member

Activity: 489

Merit: 500

Immersionist

Here are a couple of articles from the past few days:

ASICMINER's Immersion Bitcoin Miner - How Far It Has Gone
http://www.i-programmer.info/news/91-hardware/6659-asicminers-bitcoin-miner-how-far-it-has-gone.html

Hong Kong Bitcoin miners pour datacentre in a FISH TANK
http://www.theregister.co.uk/2013/11/28/bitcoin_asicminer_datacentre_tank_underwater/

Incredible Bitcoin mining supercomputer is submerged in liquid cooling
http://www.geek.com/games/incredible-bitcoin-mining-supercomputer-is-submerged-in-liquid-cooling-1578367/

I think the register.co.uk article was already posted though.

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: whalezy on November 30, 2013, 12:28:12 AM

Anyone could tell me is there a public Asicminer shareholders list? I just transferred my shares to an exchange and I want to check the process.
Thanks a lot!

Check the exchange, its easier.

whalezy

member

Activity: 103

Merit: 10

Anyone could tell me is there a public Asicminer shareholders list? I just transferred my shares to an exchange and I want to check the process.
Thanks a lot!

coins101

legendary

Activity: 1456

Merit: 1000

heads up is much appreciated

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: coins101 on November 29, 2013, 04:36:45 PM

Quote from: hammurabi on November 29, 2013, 02:50:54 PM

Quote from: coins101 on November 29, 2013, 02:39:49 PM

I have no idea what this is all about, but how do I join in Grin

I have a new GPU coming in a few days, Powercolor AX7990, to do some LTC mining to get started.

I put down an order for KNCMiner Neptune to get started in BTC mining via a pool, but chances are the units will go to repeat customers.

I want to get familiar with mining, but wouldn't mind putting together a syndicate of real cash investors at some point in 2014 to help top-up funds to support the next level of difficulty coming around the corner, if there is an opportunity for that.

Any chairs left with participating on this before mining starts?

Have you been hibernated for a year or two ?

I was part of a business that took on western union and moneygram, but the financial crisis stopped expansion funding. took a break and completely missed a sector I know a lot about, moving money, but using digital currency.

I spent years looking at how the industry moves money, raised quite a serious pile of money between 2000 and 2007 with others to go after a few sectors, so I know how really disruptive this can be.

If you haven't been keeping up to date with bitcoin over the past year you might not realize that just about every mining device being sold is unprofitable in terms of bitcoins. Knc however does currently show the most promise in terms of hardware specs/delivery date. Asicminer is also a huge player and sells/solomines bitcoins.

Right now we are seeing the transition stage between gen1 and gen3 chips which are scheduled to arrive some time 1st quarter 2014. I would guess now is a good time to invest in am shares if you are interested as not a whole lot is going on with them at the moment.

Voodah

sr. member

Activity: 266

Merit: 250

Quote from: coins101 on November 29, 2013, 04:36:45 PM

Quote from: hammurabi on November 29, 2013, 02:50:54 PM

Quote from: coins101 on November 29, 2013, 02:39:49 PM

I have no idea what this is all about, but how do I join in Grin

I have a new GPU coming in a few days, Powercolor AX7990, to do some LTC mining to get started.

I put down an order for KNCMiner Neptune to get started in BTC mining via a pool, but chances are the units will go to repeat customers.

I want to get familiar with mining, but wouldn't mind putting together a syndicate of real cash investors at some point in 2014 to help top-up funds to support the next level of difficulty coming around the corner, if there is an opportunity for that.

Any chairs left with participating on this before mining starts?

Have you been hibernated for a year or two ?

I was part of a business that took on western union and moneygram, but the financial crisis stopped expansion funding. took a break and completely missed a sector I know a lot about, moving money, but using digital currency.

I spent years looking at how the industry moves money, raised quite a serious pile of money between 2000 and 2007 with others to go after a few sectors, so I know how really disruptive this can be.

Well, the thing is you're kinda late for the mining game or maybe just not the best of times for it.

I would suggest you stop buying mining hardware immediatly and spend that money directly on BTC. Then spend a couple months using Bitcoin and learning about the mining ecosphere and its current situation before you commit to any plan. Yes please, do have a plan. Impulse buys will drain you in no time.

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: hammurabi on November 29, 2013, 02:50:54 PM

Quote from: coins101 on November 29, 2013, 02:39:49 PM

I have no idea what this is all about, but how do I join in Grin

I have a new GPU coming in a few days, Powercolor AX7990, to do some LTC mining to get started.

I put down an order for KNCMiner Neptune to get started in BTC mining via a pool, but chances are the units will go to repeat customers.

I want to get familiar with mining, but wouldn't mind putting together a syndicate of real cash investors at some point in 2014 to help top-up funds to support the next level of difficulty coming around the corner, if there is an opportunity for that.

Any chairs left with participating on this before mining starts?

Have you been hibernated for a year or two ?

I was part of a business that took on western union and moneygram, but the financial crisis stopped expansion funding. took a break and completely missed a sector I know a lot about, moving money, but using digital currency.

I spent years looking at how the industry moves money, raised quite a serious pile of money between 2000 and 2007 with others to go after a few sectors, so I know how really disruptive this can be.

hammurabi

full member

Activity: 223

Merit: 100

Quote from: coins101 on November 29, 2013, 02:39:49 PM

I have no idea what this is all about, but how do I join in Grin

I have a new GPU coming in a few days, Powercolor AX7990, to do some LTC mining to get started.

I put down an order for KNCMiner Neptune to get started in BTC mining via a pool, but chances are the units will go to repeat customers.

I want to get familiar with mining, but wouldn't mind putting together a syndicate of real cash investors at some point in 2014 to help top-up funds to support the next level of difficulty coming around the corner, if there is an opportunity for that.

Any chairs left with participating on this before mining starts?

Have you been hibernated for a year or two ?

coins101

legendary

Activity: 1456

Merit: 1000

I have no idea what this is all about, but how do I join in Grin

I have a new GPU coming in a few days, Powercolor AX7990, to do some LTC mining to get started.

I put down an order for KNCMiner Neptune to get started in BTC mining via a pool, but chances are the units will go to repeat customers.

I want to get familiar with mining, but wouldn't mind putting together a syndicate of real cash investors at some point in 2014 to help top-up funds to support the next level of difficulty coming around the corner, if there is an opportunity for that.

Any chairs left with participating on this before mining starts?

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 564. (Read 3917468 times)