Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
OneMINER
on 30/04/2013, 13:13:02 UTC
So ASICMINER don't have secondary pool in case 1st pool went offline Huh. Isn't that like.... easy to setup or something?
We are switching to solo mode since we could not find enough pools having stable connection from China to distribute the hashpower.

The solo solution is being tested/done along with the deployment. The only problem is transparency. We plan to do it with writing information to the coinbase transaction to let everyone check.

You should consider p2pool instead of solo. Your traffic stays local like solo, but your variance is decreased like it would be on a pool.

+1, and increase the income by using this https://bitcointalk.org/index.php?topic=62842.0

Not suggesting we actually invest in alt-coins (Although it wouldn't be a bad idea), Just suggesting collecting them and selling them daily on vircurex or something.

So we merge mine with these asics for alt currencies and then dump them on exchanges? Do you realize how fast the value will fall for these alt currencies doing this? It will quickly become worthless.  I cant imagine this is the direction ASICminer will go.

The difficulty for the alt chains would quickly adjust to bring the rate of coin generation to normal. IMO the markets will soak up low priced coins quickly. It would be near 100% profit on merged mining coins. Extra effort on trying to not 51% the alt coins may take up some time though.

You should consider p2pool instead of solo. Your traffic stays local like solo, but your variance is decreased like it would be on a pool.

Come on Diablo, with 8 Th/s, variance is a non-issue. They mine 500+ blocks per month on average. They have more chances of being hit by thunder 10 times than to mine zero blocks during a specific month and being unable to cover their monthly expenditures.

p2pool leads to a higher orphan rate than solo mining.

Solo mining is obviously the best choice with 8 Th/s.

This is a common misunderstanding. It's not your ultimate reject or orphan rate that counts on p2pool. It's your rate relative to the rest of the pool. With a well connected node it's possible to achieve greater than 100% returns. I'd like ASICMINER to do a limited test at least. If an efficient, merged mining p2pool node was set up, the upsides could be significant. The big question is if ASICMINER's custom gear would play nice with p2pool.