Well, it wouldn't be in their own best interests. But some people just want to watch the world burn, right? I don't think they are like that, but that's the weak point in Bitcoin and every other system. No matter what system you come up with, someone's going to have the most power, and they could theoretically use that power in such a way that destroys their own power as well as everyone else's. We've got to be vigilant as Bitcoiners and take steps on a case-by-case basis to keep that from happening.
DeepBit did, on a few occasions, own more than 51% of the network. They didn't act in a way that harmed the network, but it was very unsettling for those of us who were paying attention. We managed to get enough people to switch away from them to make sure it stopped happening, but what if we hadn't managed that feat?
At any rate, I hear that Asicminer plans on owning no more than 20% of the network. That's why they've been selling off their blades for a hefty profit. (And I'm sure that hefty profit doesn't bother them much either.) But if they do plan on taking over 51% of the network and then double-spending all over the place, what's our course of action? Switch to another cryptocurrency? Storm their warehouses?
Topic: ROR (Read 3168 times)
If there is no competition, there is no value...
If there is only one controlling the market, we all leave them to roll around in the bitcoins they create over the next 100 years, alone...
When they sell you your own credits... as in investment in them, to sell you more of your own credits... they are taking all your dollars, and leaving you with the credits they are devaluing. They will leave with your dollars, and leave you with the useless credits.
At the end of the day, they are the only winners... They are not "expanding the market", they are "decreasing your share of the 'fixed-size' market".
The market only makes X-coins a day. If they grow to 50%, and you do not, they just halved your income, placing it into your pocket, for cash in theirs. (That is like taking half your paycheck, and selling it back to you for more than it is worth, and then only giving you half that back.)
Great plan... Can't wait to see them turn this into the next rape-pal. Charge you to spend your own money.
If there is only one controlling the market, we all leave them to roll around in the bitcoins they create over the next 100 years, alone...
When they sell you your own credits... as in investment in them, to sell you more of your own credits... they are taking all your dollars, and leaving you with the credits they are devaluing. They will leave with your dollars, and leave you with the useless credits.
At the end of the day, they are the only winners... They are not "expanding the market", they are "decreasing your share of the 'fixed-size' market".
The market only makes X-coins a day. If they grow to 50%, and you do not, they just halved your income, placing it into your pocket, for cash in theirs. (That is like taking half your paycheck, and selling it back to you for more than it is worth, and then only giving you half that back.)
Great plan... Can't wait to see them turn this into the next rape-pal. Charge you to spend your own money.
they were at 14 tera some time ago
they are selling their blades 50btc each that do about 10 to 13gigahash each. They are getting ready for their 200T chip order.
I don't care if they split it up among the top 5 pools. The fact that some one entity owns almost 50% of the network is just skewed.
Either the other ASIC competitors need to step it up, or ASICMiner ought to start telling those blades for cheaper than 50BTC and getting the hashing power more evenly distributed. It's only 10GH/s per board, they could cut the price in half and still make a profit.
BFL is just starting to ship, but barely, and slower than molasses. Avalon is selling massive amounts of chips, but they won't be ready for another 3 months or so.
I have been keeping an eye on this, as I noticed that AsicMiner, as a single mining entity can take over 51% of the network easily if they keep growing at their current rate, especially with this next blade shipment. Today I also noticed something interesting that they are now showing up on Blockchain.info as their own Mining Pool, and have for the past 4 days apprently, http://blockchain.info/pools?timespan=4days.
Honestly, I am not sure what is going on, but AsicMiner has definitely more than doubled their hashing power in less than 1 weeks time (source: http://www.asicminercharts.com/), and seemingly will be doing it again in another week or so. If their systems were to be compromised at that point, there goes the neighborhood.
they were at 14 tera some time ago
they are selling their blades 50btc each that do about 10 to 13gigahash each. They are getting ready for their 200T chip order.
I don't care if they split it up among the top 5 pools. The fact that some one entity owns almost 50% of the network is just skewed.
Either the other ASIC competitors need to step it up, or ASICMiner ought to start telling those blades for cheaper than 50BTC and getting the hashing power more evenly distributed. It's only 10GH/s per board, they could cut the price in half and still make a profit.
BFL is just starting to ship, but barely, and slower than molasses. Avalon is selling massive amounts of chips, but they won't be ready for another 3 months or so.
they were at 14 tera some time ago
they are selling their blades 50btc each that do about 10 to 13gigahash each. They are getting ready for their 200T chip order.
I don't care if they split it up among the top 5 pools. The fact that some one entity owns almost 50% of the network is just skewed.
Either the other ASIC competitors need to step it up, or ASICMiner ought to start telling those blades for cheaper than 50BTC and getting the hashing power more evenly distributed. It's only 10GH/s per board, they could cut the price in half and still make a profit.
BFL is just starting to ship, but barely, and slower than molasses. Avalon is selling massive amounts of chips, but they won't be ready for another 3 months or so.
Dammnit, you got to it first!! Yeah I was going to say it had to be ASICminer, It is good to know other websites though, I never even had heard of bitminter or a few of these others.
Oh wow. Would be nice if the bigger machines were readily available.
They will sell you mining boards, made to order, here: https://bitcointalksearch.org/topic/asicminer-blade-sales-temporarily-out-of-stock-204030
they were at 14 tera some time ago
they are selling their blades 50btc each that do about 10 to 13gigahash each.
They are getting ready for their 200T chip order.
200T chips? Where can I find info on this? Release plans? Price?
They aren't selling chips, they are putting 200TH+ online in their own mining farm in the next 4-6 weeks.
they were at 14 tera some time ago
they are selling their blades 50btc each that do about 10 to 13gigahash each.
They are getting ready for their 200T chip order.
200T chips? Where can I find info on this? Release plans? Price?
a share cost 0.02, payed with dividend of 1/150 = 0.0003 in max 48 hours, this mean that roi is 150 days at least, did i understand this right?
Hmm I'm not sure, can someone confirm?The dividends are weekly, with some additional incidental dividends occasionally (ASICMINER has hinted at larger deal they may make which will be reported quarterly).
This is not your normal mining bond or fund, so calculating ROI on dividends is less required if share value maintains or increases, as you might be able to sell your position at profit after several weeks/months of collecting dividends. Normal mining assets depreciate in value over time, which is less likely with ASICMINER because they also sell hardware and have committed to adding another 1000TH+ of self-hashing by the end of the year.
If they reach their goals, a share in ASICMINER will likely grow much faster in hashrate-owned-per-share than any other mining stock on the market.
The last dividend includes sales for 180 hardware units sold at 50btc each. They have since been selling those same units made-to-order. They also have 10,000 USB Miner units they have been selling in bulk.
There are many things that can affect this stock and its dividend yield over time, but for now it's a cut above most bitcoin investment opportunities. Do your research, and make a plan for your investments.
a share cost 0.02, payed with dividend of 1/150 = 0.0003 in max 48 hours, this mean that roi is 150 days at least, did i understand this right?
Hmm I'm not sure, can someone confirm? 
Check my signature for one place you can buy shares.
Also check out www.asicminercharts.com for informational charts.
Also check out www.asicminercharts.com for informational charts.
they were at 14 tera some time ago
they are selling their blades 50btc each that do about 10 to 13gigahash each.
They are getting ready for their 200T chip order.
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