Avalon batch [2] countdown! - page 36.

josh_nc

member

Activity: 95

Merit: 10

Quote from: Rampion on June 05, 2013, 10:21:10 AM

Quote from: itod on June 05, 2013, 09:46:28 AM

Quote from: Rampion on June 05, 2013, 06:40:53 AM

Quote from: Rampion on June 04, 2013, 04:19:40 PM

I guess the next ASIC company will be a private equity firm investing +9 figures on Bitcoin ASICs development, they will probably end up controlling +51% of the network and...........

*puf*

Bitcoin is gone.

Quote

...

First, you underestimate how good investment could be for the FED to invest only 9 figures to destroy an experiment that has the potential to seriously undermine their hegemony.

First you said "private equity firm", and when I pointed out there is no sense investing to destroy your investment, now you mention FED's. I don't know if FED can do it and politically survive something like that, but any private equity firm would be crucified for such a move by it's shareholders. I don't want to go into political discussion if any government would/will burn taxpayers money in such manner, but there is slim chance any private company would do such a folie.

Never underestimate greed.

EDIT:

And BTW: I know that in the FED's website is stated clearly that it is not a private corporation, and that it is not for profit, etc. etc. etc. But I assume that nobody here believes that BS.

100% of the FED's shareholders are private banks. The people running the FED are just ex-CEOs of the investment banks ruling the financial system. And yes, the purpose of the FED is to generate profits for their private shareholders, and to protect the hegemony of the plutocracy. Thus, the FED is a perfect example of a private corporation with a huge interest in controlling BTC.

I think we all should start looking at the FED and ALL Central Banks from the other side of the looking glass. Their main objective has been to generate DEBT at any cost. They are behind ALL wars and all governments. Where do you generate the most debt? Inside governments and the less these governments represent the people and the more corrupt they are, the more debt gets generated.

GENERATE DEBT is their #1 priority! Engrave this in your mind. IT WILL ALL make sense if you look at our world from this prism. And of course, these people have got to go! I sincerely hope BTC will contribute to their demise.

J/

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: itod on June 05, 2013, 09:46:28 AM

Quote from: Rampion on June 05, 2013, 06:40:53 AM

Quote from: Rampion on June 04, 2013, 04:19:40 PM

I guess the next ASIC company will be a private equity firm investing +9 figures on Bitcoin ASICs development, they will probably end up controlling +51% of the network and...........

*puf*

Bitcoin is gone.

Quote

...

First, you underestimate how good investment could be for the FED to invest only 9 figures to destroy an experiment that has the potential to seriously undermine their hegemony.

First you said "private equity firm", and when I pointed out there is no sense investing to destroy your investment, now you mention FED's. I don't know if FED can do it and politically survive something like that, but any private equity firm would be crucified for such a move by it's shareholders. I don't want to go into political discussion if any government would/will burn taxpayers money in such manner, but there is slim chance any private company would do such a folie.

Never underestimate greed.

EDIT:

And BTW: I know that in the FED's website is stated clearly that it is not a private corporation, and that it is not for profit, etc. etc. etc. But I assume that nobody here believes that BS.

100% of the FED's shareholders are private banks. The people running the FED are just ex-CEOs of the investment banks ruling the financial system. And yes, the purpose of the FED is to generate profits for their private shareholders, and to protect the hegemony of the plutocracy. Thus, the FED is a perfect example of a private corporation with a huge interest in controlling BTC.

itod

legendary

Activity: 1974

Merit: 1077

^ Will code for Bitcoins

Quote from: Rampion on June 05, 2013, 06:40:53 AM

Quote from: Rampion on June 04, 2013, 04:19:40 PM

I guess the next ASIC company will be a private equity firm investing +9 figures on Bitcoin ASICs development, they will probably end up controlling +51% of the network and...........

*puf*

Bitcoin is gone.

Quote

...

First, you underestimate how good investment could be for the FED to invest only 9 figures to destroy an experiment that has the potential to seriously undermine their hegemony.

First you said "private equity firm", and when I pointed out there is no sense investing to destroy your investment, now you mention FED's. I don't know if FED can do it and politically survive something like that, but any private equity firm would be crucified for such a move by it's shareholders. I don't want to go into political discussion if any government would/will burn taxpayers money in such manner, but there is slim chance any private company would do such a folie.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: itod on June 04, 2013, 06:36:39 PM

Quote from: Rampion on June 04, 2013, 04:19:40 PM

I guess the next ASIC company will be a private equity firm investing +9 figures on Bitcoin ASICs development, they will probably end up controlling +51% of the network and...........

*puf*

Bitcoin is gone.

Let me repeat what you've said: Somebody will invest +9 figures in BTC ASIC and then destroy it's own investment? Why bother to manufacture ASIC, why not burn money instead in nice beach-fire? There is 0 logic in your reasoning.

If somebody makes new powerful ASIC, let's say by using the chip nm technology reduced to 1/4 of the current one, he can realistically make enough mining power to control 51%. What would you do if you were that person? Distribute new THs's to divergent mining pools, mine honestly and dominate the market, ofc. That way you'll maximize your investment, not by destroying BTC.

First, you underestimate how good investment could be for the FED to invest only 9 figures to destroy an experiment that has the potential to seriously undermine their hegemony.

Secondly, i dont care if the entity owning +51% is honest and in good faith, because the core characteristics of Bitcoin are:

1. Trust-free
2. Decentralized

If one single entity controls +51% of the network you need to trust that entity to do the right thing, and the network is not decentralized anymore.

If you do not understand 'this logic' you need to read a little bit more about Bitcoin and think about why is such a powerful concept.

Bowjob

sr. member

Activity: 294

Merit: 250

On the bright side, looking at the hashrate, it clearly is a bubble.

btcsql

sr. member

Activity: 292

Merit: 250

Bump for us Feb 2nd customers who still have heard nothing and have 75 * x BTC on the line.

greaterninja

hero member

Activity: 924

Merit: 1000

Quote from: itod on June 04, 2013, 06:36:39 PM

Quote from: Rampion on June 04, 2013, 04:19:40 PM

I guess the next ASIC company will be a private equity firm investing +9 figures on Bitcoin ASICs development, they will probably end up controlling +51% of the network and...........

*puf*

Bitcoin is gone.

Let me repeat what you've said: Somebody will invest +9 figures in BTC ASIC and then destroy it's own investment? Why bother to manufacture ASIC, why not burn money instead in nice beach-fire? There is 0 logic in your reasoning.

If somebody makes new powerful ASIC, let's say by using the chip nm technology reduced to 1/4 of the current one, he can realistically make enough mining power to control 51%. What would you do if you were that person? Distribute new THs's to divergent mining pools, mine honestly and dominate the market, ofc. That way you'll maximize your investment, not by destroying BTC.

Asic miner, bfl, and avalon are at 7-8 figures already.

farproc

sr. member

Activity: 406

Merit: 250

ALGORY.io Crowdsale starts on 8/12/2017

Waiting……

Come on, Avalon!

Quote

Save the date, blockchain waits for no one.

rudrigorc2

legendary

Activity: 1064

Merit: 1000

Quote from: Wayne_Chang on June 04, 2013, 09:20:50 PM

I am using "Discus Fish" pool now. Seems stable. Tongue

Aha!

Wayne_Chang

sr. member

Activity: 448

Merit: 250

I am using "Discus Fish" pool now. Seems stable. Tongue

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: rudrigorc2 on June 04, 2013, 08:42:55 PM

Quote from: organofcorti on June 04, 2013, 08:39:34 PM

No, "Discus Fish" is a group of known Chinese bitcoin enthusiasts (if google translate is doing it's job). No overlap with Avalon.

There are private pools in China. This could be one.

It probably is. That doesn't mean it's Avalon "testing our units" there.

rudrigorc2

legendary

Activity: 1064

Merit: 1000

Quote from: ProfMac on June 04, 2013, 08:31:33 PM

Avalon says that they do not mine bitcoins to test their units.
Avalon has never said they do not buy more wafers than it takes to make 600 units.

With all due respect Prof, what about the chips they will sell?
Maybe they should invite some people to visit their installations to clear this up.

Quote from: organofcorti on June 04, 2013, 08:39:34 PM

No, "Discus Fish" is a group of known Chinese bitcoin enthusiasts (if google translate is doing it's job). No overlap with Avalon.

There are private pools in China. This could be one.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: pikeadz on June 04, 2013, 06:21:21 PM

Quote from: Milan77 on June 04, 2013, 04:35:44 PM

This 40thash jump on network could be Avalons testing before sending to buyers.

600 x 68 ghash is somehow close to that.
Also person mining them is from HongKong. And miners are not full time online, it goes offline sometimes.
Maybe Yifu testing new products.

There are two new players finding a lot of blocks named "Made in China" and "七彩神仙鱼" which means "Discus Fish" and they both point to the same address. Let's all hope this is Avalon testing our shiny new babies.

https://bitcointalksearch.org/topic/m.2348461

No, "Discus Fish" is a group of known Chinese bitcoin enthusiasts (if google translate is doing it's job). No overlap with Avalon.

ProfMac

legendary

Activity: 1246

Merit: 1002

Quote from: pikeadz on June 04, 2013, 06:21:21 PM

Quote from: Milan77 on June 04, 2013, 04:35:44 PM

This 40thash jump on network could be Avalons testing before sending to buyers.

600 x 68 ghash is somehow close to that.
Also person mining them is from HongKong. And miners are not full time online, it goes offline sometimes.
Maybe Yifu testing new products.

There are two new players finding a lot of blocks named "Made in China" and "七彩神仙鱼" which means "Discus Fish" and they both point to the same address. Let's all hope this is Avalon testing our shiny new babies.

https://bitcointalksearch.org/topic/m.2348461

Avalon says that they do not mine bitcoins to test their units.
Avalon has never said they do not buy more wafers than it takes to make 600 units.

itod

legendary

Activity: 1974

Merit: 1077

^ Will code for Bitcoins

Quote from: Rampion on June 04, 2013, 04:19:40 PM

I guess the next ASIC company will be a private equity firm investing +9 figures on Bitcoin ASICs development, they will probably end up controlling +51% of the network and...........

*puf*

Bitcoin is gone.

Let me repeat what you've said: Somebody will invest +9 figures in BTC ASIC and then destroy it's own investment? Why bother to manufacture ASIC, why not burn money instead in nice beach-fire? There is 0 logic in your reasoning.

If somebody makes new powerful ASIC, let's say by using the chip nm technology reduced to 1/4 of the current one, he can realistically make enough mining power to control 51%. What would you do if you were that person? Distribute new THs's to divergent mining pools, mine honestly and dominate the market, ofc. That way you'll maximize your investment, not by destroying BTC.

rudrigorc2

legendary

Activity: 1064

Merit: 1000

Quote from: pikeadz on June 04, 2013, 06:21:21 PM

Quote from: Milan77 on June 04, 2013, 04:35:44 PM

This 40thash jump on network could be Avalons testing before sending to buyers.

600 x 68 ghash is somehow close to that.
Also person mining them is from HongKong. And miners are not full time online, it goes offline sometimes.
Maybe Yifu testing new products.

There are two new players finding a lot of blocks named "Made in China" and "七彩神仙鱼" which means "Discus Fish" and they both point to the same address. Let's all hope this is Avalon testing our shiny new babies.

https://bitcointalksearch.org/topic/m.2348461

Three new miners in China, one around Shannxi Provice(?), and two around shenzhen-hongkong, and also a new big player in Japan.
Which one is ASICMINER?

https://blockchain.info/nodes-globe?series=topBlockRelay

pikeadz

full member

Activity: 238

Merit: 100

Quote from: Milan77 on June 04, 2013, 04:35:44 PM

This 40thash jump on network could be Avalons testing before sending to buyers.

600 x 68 ghash is somehow close to that.
Also person mining them is from HongKong. And miners are not full time online, it goes offline sometimes.
Maybe Yifu testing new products.

There are two new players finding a lot of blocks named "Made in China" and "七彩神仙鱼" which means "Discus Fish" and they both point to the same address. Let's all hope this is Avalon testing our shiny new babies.

https://bitcointalksearch.org/topic/m.2348461

rudrigorc2

legendary

Activity: 1064

Merit: 1000

Quote from: Rampion on June 04, 2013, 05:36:44 PM

Quote from: rudrigorc2 on June 04, 2013, 04:59:23 PM

Quote from: Rampion on June 04, 2013, 04:53:40 PM

Quote from: rudrigorc2 on June 04, 2013, 04:48:53 PM

Quote from: Rampion on June 04, 2013, 04:19:40 PM

Yeah, it sounds like science fiction, but do you actually realize that Yifu could have ass-raped the network back in January if he wished to, don't you?

Wrong!? Its undeniable that someone had some "fun" testing 300 machines before delivering.
But If what they say its true, that they are struggling to finish machines, how to rape the network with 20terahash only?

If they decided to go solo in January and to produce 600 machines they would have had 40TH/s. In January that was more than enough to ass-rape the network.

And it's Yifu, a student in his 20s. Wait for REALLY big players to step into this game.

How come, if they needed our money to finish the batch?

Yifu is 20s, what tasks is he responsible for in this project? Management? Support? Speaking? Other?
Maybe all other avalon team member have much more experience than that.
One thing is certain, he wanted to be the first asic manufacturer, he *almost* did it, if it wasnt for asicminer, but still a very nice acomplishment.

He could have used our money to produce the units, go solo, and ass rape the network. Good thing he is a good guy and an idealist, he may be lacking some PR skills, but we cannot say he doesn't really believe in BTC.

BTW, big players won't need our money. We will realize they stepped in when we will look at the chart below one day and we will ask ourselves.... WTF? Huh

Maybe its happening... Sad

But with that SMT line ready we are safe, 50 machines per day, right, right?
I understand profit is not the thing here, but more and more people hashing.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: rudrigorc2 on June 04, 2013, 04:59:23 PM

Quote from: Rampion on June 04, 2013, 04:53:40 PM

Quote from: rudrigorc2 on June 04, 2013, 04:48:53 PM

Quote from: Rampion on June 04, 2013, 04:19:40 PM

Yeah, it sounds like science fiction, but do you actually realize that Yifu could have ass-raped the network back in January if he wished to, don't you?

Wrong!? Its undeniable that someone had some "fun" testing 300 machines before delivering.
But If what they say its true, that they are struggling to finish machines, how to rape the network with 20terahash only?

If they decided to go solo in January and to produce 600 machines they would have had 40TH/s. In January that was more than enough to ass-rape the network.

And it's Yifu, a student in his 20s. Wait for REALLY big players to step into this game.

How come, if they needed our money to finish the batch?

Yifu is 20s, what tasks is he responsible for in this project? Management? Support? Speaking? Other?
Maybe all other avalon team member have much more experience than that.
One thing is certain, he wanted to be the first asic manufacturer, he *almost* did it, if it wasnt for asicminer, but still a very nice acomplishment.

He could have used our money to produce the units, go solo, and ass rape the network. Good thing he is a good guy and an idealist, he may be lacking some PR skills, but we cannot say he doesn't really believe in BTC.

BTW, big players won't need our money. We will realize they stepped in when we will look at the chart below one day and we will ask ourselves.... WTF? Huh

rudrigorc2

legendary

Activity: 1064

Merit: 1000

Quote from: Rampion on June 04, 2013, 04:53:40 PM

Quote from: rudrigorc2 on June 04, 2013, 04:48:53 PM

Quote from: Rampion on June 04, 2013, 04:19:40 PM

Yeah, it sounds like science fiction, but do you actually realize that Yifu could have ass-raped the network back in January if he wished to, don't you?

Wrong!? Its undeniable that someone had some "fun" testing 300 machines before delivering.
But If what they say its true, that they are struggling to finish machines, how to rape the network with 20terahash only?

If they decided to go solo in January and to produce 600 machines they would have had 40TH/s. In January that was more than enough to ass-rape the network.

And it's Yifu, a student in his 20s. Wait for REALLY big players to step into this game.

How come, if they needed our money to finish the batch?

Yifu is 20s, what tasks is he responsible for in this project? Management? Support? Speaking? Other?
Maybe all other avalon team member have much more experience than that.
One thing is certain, he wanted to be the first asic manufacturer, he *almost* did it, if it wasnt for asicminer, but still a very nice acomplishment.

Topic: Avalon batch [2] countdown! - page 36. (Read 141540 times)