Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 847. (Read 3917468 times)

Quote from: notme on July 16, 2013, 08:46:46 PM

I've been thinking about the low number of transactions per block issue and the assumption that we aren't a very well connected node. This made me realize that if we aren't a very well connected node, then our orphaned block rate would be higher than normal as others finding blocks around the same time will be quicker to 'spread the news' and will therefore be the winner.

I then checked the blockchain.info orphaned block page https://blockchain.info/orphaned-blocks and sure enough, a high percentage of orphaned blocks are from AsicMiner. edit... Out of the last 25 orphaned blocks, 11 belonged to AsicMiner.

I haven't run the numbers but I have a feeling that we are leaving a HUGE amount of bitcoin on the table.

Not only are we missing out on a huge amount of transaction fee's, but we're solving blocks that we aren't even getting credit for. It seems to me that peering off a well connected node should be a simple fix.

how far can you go back and see this pattern?

empoweoqwj

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Quote from: empoweoqwj on July 16, 2013, 08:33:10 PM

Quote from: notme on July 16, 2013, 08:12:59 PM

Quote from: empoweoqwj on July 16, 2013, 08:09:49 PM

Quote from: empoweoqwj on July 16, 2013, 08:01:53 PM

Quote from: empoweoqwj on July 16, 2013, 08:33:10 PM

You can only make money with money. Just like in the current financial system.

Bitcoin isn't a magic money machine. That would be a scam. Your statement is true no matter what the asset, so long as it is a real good.

The part you are missing though is time. You can only accumulate value with labor. It doesn't matter if it is shoveling rock or trading companies or assets. Labor is the key here and no matter what you want to accumulate you need to invest your labor into accumulating it.

Which law of economics is that? Grin

Warren Buffet doesn't have the bank account the size of a planet by working 7200 hours a day. Work smart.

Now back to your regularly scheduled wishing friedcat would let us know what was up and wondering why his node sucks.

First time I have mentioned it, ever.

Your as in the way a newscaster address the audience, although perhaps our would be clearer. No need to get defensive.

"Your as in the way a newscaster address the audience, although perhaps our would be clearer" - that's not even close to English my friend. Go back to school or shovelling rocks.

Now back to OUR regularly scheduled "wishing friedcat would let us know what was up" and "wondering why his node sucks".

Does that make it clear?

Sure, let's get back on topic Grin

notme

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Quote from: notme on July 16, 2013, 08:12:59 PM

Quote from: empoweoqwj on July 16, 2013, 08:09:49 PM

Quote from: empoweoqwj on July 16, 2013, 08:01:53 PM

You can only make money with money. Just like in the current financial system.

Bitcoin isn't a magic money machine. That would be a scam. Your statement is true no matter what the asset, so long as it is a real good.

The part you are missing though is time. You can only accumulate value with labor. It doesn't matter if it is shoveling rock or trading companies or assets. Labor is the key here and no matter what you want to accumulate you need to invest your labor into accumulating it.

Which law of economics is that? Grin

Warren Buffet doesn't have the bank account the size of a planet by working 7200 hours a day. Work smart.

Now back to your regularly scheduled wishing friedcat would let us know what was up and wondering why his node sucks.

First time I have mentioned it, ever.

Your as in the way a newscaster address the audience, although perhaps our would be clearer. No need to get defensive.

"Your as in the way a newscaster address the audience, although perhaps our would be clearer" - that's not even close to English my friend. Go back to school or shovelling rocks.

Now back to OUR regularly scheduled "wishing friedcat would let us know what was up" and "wondering why his node sucks".

Does that make it clear?

chriswilmer

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Activity: 1008

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Quote from: notme on July 16, 2013, 08:12:59 PM

I've been thinking about the low number of transactions per block issue and the assumption that we aren't a very well connected node. This made me realize that if we aren't a very well connected node, then our orphaned block rate would be higher than normal as others finding blocks around the same time will be quicker to 'spread the news' and will therefore be the winner.

I then checked the blockchain.info orphaned block page https://blockchain.info/orphaned-blocks and sure enough, a high percentage of orphaned blocks are from AsicMiner. edit... Out of the last 25 orphaned blocks, 11 belonged to AsicMiner.

I haven't run the numbers but I have a feeling that we are leaving a HUGE amount of bitcoin on the table.

Not only are we missing out on a huge amount of transaction fee's, but we're solving blocks that we aren't even getting credit for. It seems to me that peering off a well connected node should be a simple fix.

Wow. This didn't occur to me. That is REALLY significant. Is there a board member listening to this? It would be a huge jump in efficiency to resolve this issue.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: empoweoqwj on July 16, 2013, 08:09:49 PM

Quote from: empoweoqwj on July 16, 2013, 08:01:53 PM

Quote from: empoweoqwj on July 16, 2013, 08:09:49 PM

You can only make money with money. Just like in the current financial system.

Bitcoin isn't a magic money machine. That would be a scam. Your statement is true no matter what the asset, so long as it is a real good.

The part you are missing though is time. You can only accumulate value with labor. It doesn't matter if it is shoveling rock or trading companies or assets. Labor is the key here and no matter what you want to accumulate you need to invest your labor into accumulating it.

Which law of economics is that? Grin

Warren Buffet doesn't have the bank account the size of a planet by working 7200 hours a day. Work smart.

Now back to your regularly scheduled wishing friedcat would let us know what was up and wondering why his node sucks.

First time I have mentioned it, ever.

Your as in the way a newscaster address the audience, although perhaps our would be clearer. No need to get defensive.

"Your as in the way a newscaster address the audience, although perhaps our would be clearer" - that's not even close to English my friend. Go back to school or shovelling rocks.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: empoweoqwj on July 16, 2013, 08:01:53 PM

You can only make money with money. Just like in the current financial system.

Bitcoin isn't a magic money machine. That would be a scam. Your statement is true no matter what the asset, so long as it is a real good.

The part you are missing though is time. You can only accumulate value with labor. It doesn't matter if it is shoveling rock or trading companies or assets. Labor is the key here and no matter what you want to accumulate you need to invest your labor into accumulating it.

Which law of economics is that? Grin

Warren Buffet doesn't have the bank account the size of a planet by working 7200 hours a day. Work smart.

Now back to your regularly scheduled wishing friedcat would let us know what was up and wondering why his node sucks.

First time I have mentioned it, ever.

Your as in the way a newscaster address the audience, although perhaps our would be clearer. No need to get defensive.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: empoweoqwj on July 16, 2013, 08:01:53 PM

Quote from: empoweoqwj on July 16, 2013, 08:01:53 PM

You can only make money with money. Just like in the current financial system.

Bitcoin isn't a magic money machine. That would be a scam. Your statement is true no matter what the asset, so long as it is a real good.

The part you are missing though is time. You can only accumulate value with labor. It doesn't matter if it is shoveling rock or trading companies or assets. Labor is the key here and no matter what you want to accumulate you need to invest your labor into accumulating it.

Which law of economics is that? Grin

Warren Buffet doesn't have the bank account the size of a planet by working 7200 hours a day. Work smart.

Now back to your regularly scheduled wishing friedcat would let us know what was up and wondering why his node sucks.

First time I have mentioned it, ever.

notme

legendary

Activity: 1904

Merit: 1002

You can only make money with money. Just like in the current financial system.

Bitcoin isn't a magic money machine. That would be a scam. Your statement is true no matter what the asset, so long as it is a real good.

The part you are missing though is time. You can only accumulate value with labor. It doesn't matter if it is shoveling rock or trading companies or assets. Labor is the key here and no matter what you want to accumulate you need to invest your labor into accumulating it.

Which law of economics is that? Grin

Warren Buffet doesn't have the bank account the size of a planet by working 7200 hours a day. Work smart.

This is off topic, but he has certainly spent his share of time studying his potential investments. Yes, work smart. But you still have to work.

Now back to your regularly scheduled wishing friedcat would let us know what was up and wondering why his node sucks.

empoweoqwj

hero member

Activity: 518

Merit: 500

I've been thinking about the low number of transactions per block issue and the assumption that we aren't a very well connected node. This made me realize that if we aren't a very well connected node, then our orphaned block rate would be higher than normal as others finding blocks around the same time will be quicker to 'spread the news' and will therefore be the winner.

I then checked the blockchain.info orphaned block page https://blockchain.info/orphaned-blocks and sure enough, a high percentage of orphaned blocks are from AsicMiner. edit... Out of the last 25 orphaned blocks, 11 belonged to AsicMiner.

I haven't run the numbers but I have a feeling that we are leaving a HUGE amount of bitcoin on the table.

Not only are we missing out on a huge amount of transaction fee's, but we're solving blocks that we aren't even getting credit for. It seems to me that peering off a well connected node should be a simple fix.

Enough people seem concerned seems like the #1 question for friedcat at the moment

empoweoqwj

hero member

Activity: 518

Merit: 500

You can only make money with money. Just like in the current financial system.

Bitcoin isn't a magic money machine. That would be a scam. Your statement is true no matter what the asset, so long as it is a real good.

The part you are missing though is time. You can only accumulate value with labor. It doesn't matter if it is shoveling rock or trading companies or assets. Labor is the key here and no matter what you want to accumulate you need to invest your labor into accumulating it.

Which law of economics is that? Grin

Warren Buffet doesn't have the bank account the size of a planet by working 7200 hours a day. Work smart.

notme

legendary

Activity: 1904

Merit: 1002

I've been thinking about the low number of transactions per block issue and the assumption that we aren't a very well connected node. This made me realize that if we aren't a very well connected node, then our orphaned block rate would be higher than normal as others finding blocks around the same time will be quicker to 'spread the news' and will therefore be the winner.

I then checked the blockchain.info orphaned block page https://blockchain.info/orphaned-blocks and sure enough, a high percentage of orphaned blocks are from AsicMiner.

I haven't run the numbers but I have a feeling that we are leaving a HUGE amount of bitcoin on the table.

Not only are we missing out on a huge amount of transaction fee's, but we're solving blocks that we aren't even getting credit for. It seems to me that peering off a well connected node should be a simple fix.

And once again I'm wondering if friedcat should look into p2pool. Even though getting better connected shouldn't be hard, with p2pool you have 2 different p2p networks that should each broadcast your blocks/transactions giving you even lower latency.

dhenson

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I've been thinking about the low number of transactions per block issue and the assumption that we aren't a very well connected node. This made me realize that if we aren't a very well connected node, then our orphaned block rate would be higher than normal as others finding blocks around the same time will be quicker to 'spread the news' and will therefore be the winner.

I then checked the blockchain.info orphaned block page https://blockchain.info/orphaned-blocks and sure enough, a high percentage of orphaned blocks are from AsicMiner. edit... Out of the last 25 orphaned blocks, 11 belonged to AsicMiner.

I haven't run the numbers but I have a feeling that we are leaving a HUGE amount of bitcoin on the table.

Not only are we missing out on a huge amount of transaction fee's, but we're solving blocks that we aren't even getting credit for. It seems to me that peering off a well connected node should be a simple fix.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Lohoris on July 16, 2013, 05:16:54 PM

You can only make money with money. Just like in the current financial system.

Bitcoin isn't a magic money machine. That would be a scam. Your statement is true no matter what the asset, so long as it is a real good.

The part you are missing though is time. You can only accumulate value with labor. It doesn't matter if it is shoveling rock or trading companies or assets. Labor is the key here and no matter what you want to accumulate you need to invest your labor into accumulating it.

binaryFate

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Still wild and free

Quote from: binaryFate on July 16, 2013, 03:20:49 PM

if all the current buyers of USB miners right now, can break even in 3~6 months

lol?
you know difficulty rises, yes?

Get the idea, do not quote and point out side-effect of the previous post.
The idea was that it is better to keep price low so people will buy again the next gen because they were happy with the first. Basically to look at middle-term success rather than short one, on hardware sales.

crashoveride54902

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Dream become broken often