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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
Re: [10/12] [Group Buy #2] Grilled Cat Identity silkscreened t-shirts! $15+S&H
Yeah use them as bribs ... err donations... for good people in the community!
Sounds great! Thanks
Same here if it applies to me. Looking forward to the shirts!
Re: [Group Buy #2] Grilled Cat Identity silkscreened t-shirts! $15+S&H [1/12]
tx id: 7e344a057570ca272873fd19ded2d24979b38990e05892d8afc25e559bbdc92c
Great! Please post the Transaction ID as well, it makes things easier on my end
I'll add you to the list once you've confirmed.
1 medium and 1 large.
Sending from 1EL5HurFc7iV61KyegFrpNKvPjHqkXEJ6y
Will PM mailing address.
Sending from 1EL5HurFc7iV61KyegFrpNKvPjHqkXEJ6y
Will PM mailing address.
Great! Please post the Transaction ID as well, it makes things easier on my end
I'll add you to the list once you've confirmed.
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
The lag is pretty silly, I don't know wy Mt.Gox puts up with people putting up bids of 0.01 @ 0.01 and then removes them, it's obvious spam to lag the server, they should at least throttle bids and asks that are far outside the range of current spot.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
I try not to be a backstreet driver, especially since I am a small(er) stake holder(~350) but I think the general attitude is correct. AsicMiner should, if they aren't already, be considering corporate structure, I hope they have hired an accountant by now, and begin to seriously plan on how they are going to be growing as a company -- in the broadest possible sense, basically a 5 year masterplan with defined goals, strategic initiatives, bench marks, etc. For instance, releasing a yearly earnings report audited by a third party, just like most major companies, by say 2014 would be an excellent goal to set now.
Growing a company is complex, I worked for an incubator in silicon valley, often times startups can grow too quickly to really understand that they need to be also be establishing and mending their corporate culture, and that's not even mentioning just the millions of minutiae that comes from being in office, running a facility, handling pay roll, etc etc When you have 3 employees it's 'easy' to be nimble, develop plans, and 'get things done', strange things begin to happen when you have 10 or 20 or 50 or 400 plus spread out in different time zones, especially if this occurs in a few months.
Anyway, there are plenty of very dedicated and interested shareholders, I imagine friedcat could probably query his shareholder community and develop some of these plans on a 'crowd-sourcing' basis -- but even basic things such as holding a board meeting (I don't even know who is a member of the board, or the last time they had a meeting, and the minutes of these meetings would be worth reading). I could go on, but now is the time to begin at least sketching out a calendar to hold these discussions (again apologies if I'm utterly out of the loop).
that's my two satoshis anyway
I don't know, maybe I've just become greedy :-) The auction brought in something like 0.006 per share, and the hash rate is at least 50% more than it was a week ago.
I guess my question is whether we will need to continue holding auctions to pay for future growth and that the money doesn't come back to shareholders. Even at a 50% increased hash rate, with BFLs rolling out every orifice they have and Avalons coming in full force, I would like to see plans for a bit more than tomorrow, or even a week ahead.
I was under the impression that the future growth thing was already financed up to around 200 TH/s, which is why we could sell off blades and dividend virtually all of the proceeds. If we're still left paying for this now, that will cut deeply into dividends, and with other vendors becoming more available, the premium we can get from auctioning off blades or bees will drop too. A 300 MH/s bee in production is... well, not money in the bank.
Maybe some clarity in financial plans and requirements for the next couple of months and a comment from friedcat about how much power they plan to roll out for example until August 1 would help make better decisions? With current share prices and maybe around the same dividends, we're suddenly looking at 27% dividend rate. Granted, that's still sky high, but its still much lower than just a few weeks ago, and with increasing competition and unclear financual requirements.
Don't get me wrong, I was probably just caught up in the hype a bit, I'm still a strong believer :-)
.b
I agree with you to a certain extend and would like to have more clarity as to what the current business plan has in store for the future.
I feel as though this has gotten to the point where the operation should move out of a forum board into its very own website, with a mailing list for investors and the ability to ask questions and get answers. Is ASICMINER planning to keep paying that 0.007 until the next reward halving by trying to maintain its hashrate ratio vs. the network? As much as the hype has carried me over as an investor, I do have fears regarding what "tomorrow" will look like.
Growing a company is complex, I worked for an incubator in silicon valley, often times startups can grow too quickly to really understand that they need to be also be establishing and mending their corporate culture, and that's not even mentioning just the millions of minutiae that comes from being in office, running a facility, handling pay roll, etc etc When you have 3 employees it's 'easy' to be nimble, develop plans, and 'get things done', strange things begin to happen when you have 10 or 20 or 50 or 400 plus spread out in different time zones, especially if this occurs in a few months.
Anyway, there are plenty of very dedicated and interested shareholders, I imagine friedcat could probably query his shareholder community and develop some of these plans on a 'crowd-sourcing' basis -- but even basic things such as holding a board meeting (I don't even know who is a member of the board, or the last time they had a meeting, and the minutes of these meetings would be worth reading). I could go on, but now is the time to begin at least sketching out a calendar to hold these discussions (again apologies if I'm utterly out of the loop).
that's my two satoshis anyway
Hm... Was I the only one who expected over 0.012 per share? I know friedcat said he held back ฿2K to pay for future growth, but isn't that virtually all of the auction proceeds?
.b
Why were you expecting over 0.012 per share?.b
I don't know, maybe I've just become greedy :-) The auction brought in something like 0.006 per share, and the hash rate is at least 50% more than it was a week ago.
I guess my question is whether we will need to continue holding auctions to pay for future growth and that the money doesn't come back to shareholders. Even at a 50% increased hash rate, with BFLs rolling out every orifice they have and Avalons coming in full force, I would like to see plans for a bit more than tomorrow, or even a week ahead.
I was under the impression that the future growth thing was already financed up to around 200 TH/s, which is why we could sell off blades and dividend virtually all of the proceeds. If we're still left paying for this now, that will cut deeply into dividends, and with other vendors becoming more available, the premium we can get from auctioning off blades or bees will drop too. A 300 MH/s bee in production is... well, not money in the bank.
Maybe some clarity in financial plans and requirements for the next couple of months and a comment from friedcat about how much power they plan to roll out for example until August 1 would help make better decisions? With current share prices and maybe around the same dividends, we're suddenly looking at 27% dividend rate. Granted, that's still sky high, but its still much lower than just a few weeks ago, and with increasing competition and unclear financual requirements.
Don't get me wrong, I was probably just caught up in the hype a bit, I'm still a strong believer :-)
.b
I agree with you to a certain extend and would like to have more clarity as to what the current business plan has in store for the future.
I feel as though this has gotten to the point where the operation should move out of a forum board into its very own website, with a mailing list for investors and the ability to ask questions and get answers. Is ASICMINER planning to keep paying that 0.007 until the next reward halving by trying to maintain its hashrate ratio vs. the network? As much as the hype has carried me over as an investor, I do have fears regarding what "tomorrow" will look like.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Are you suggesting flying ASICMINER USB Drives... honeybees
?On Topic - It might be cool to pick up a few of these USB drives, but I'm assuming shipping would be more expensive than the actual drive... and assuming they are ready in about a month, might take 4-5 months to pay off (I threw random numbers in a calculator).
@Friedcat - would you consider selling bulk quantities to people and have them resell them from various locations around the world? Probably would be easier/cheaper in terms of shipping and logistics that way.
I like this idea -- having the first USB auction have a minimum purchase order (as in 10 units or something), this will make it easier to manage the auction, perhaps depress the price slightly but make shipping easier/cheaper.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Hey eleuthria,
Thanks for all the work you do!
Question about BTCGuild, have you and friedcat spoken about ensuring you don't tip over 50%? Do you know if he is going to move some of the hash rate over to other pools?
False alarm it seems, back up to ~7.8 TH.
Sorry about that. Back when BTC Guild started getting DDoS'd about 2 months ago, I gave many users a private server they could access to mine from during the attacks. The server was hosted outside of the main datacenter, and as a result was not hit when the other servers were. Many users were moved to another server after the first round of attacks, still private and "protected" (due to anonymity), but not at the same location. ASICMINER was still mining on the original protected/private server.
This week I have moved all servers back into either colocation or Amazon EC2, to get away from servers with such open security systems (no 2-factor auth, poor/no IP whitelisting, too much control available through the management panels, etc.). As a result, ASICMINER had to shift their Stratum proxies to a new IP, and it caused a temporary dip in the hash rate. However, the result of the move is ASICMINER is now hashing on a colocated server in a very stable and reliable datacenter, one that will likely never be moved as long as BTC Guild is in business.
Thanks for all the work you do!
Question about BTCGuild, have you and friedcat spoken about ensuring you don't tip over 50%? Do you know if he is going to move some of the hash rate over to other pools?
It was nice to see the hash rate on BTC guild push 8,000 GH/s... but now it's down below 6,900. Has anyone heard any word about moving part of the hash power to a different pool? Hopefully they are not having additional problems deploying.
False alarm it seems, back up to ~7.8 TH.
Sorry about that. Back when BTC Guild started getting DDoS'd about 2 months ago, I gave many users a private server they could access to mine from during the attacks. The server was hosted outside of the main datacenter, and as a result was not hit when the other servers were. Many users were moved to another server after the first round of attacks, still private and "protected" (due to anonymity), but not at the same location. ASICMINER was still mining on the original protected/private server.
This week I have moved all servers back into either colocation or Amazon EC2, to get away from servers with such open security systems (no 2-factor auth, poor/no IP whitelisting, too much control available through the management panels, etc.). As a result, ASICMINER had to shift their Stratum proxies to a new IP, and it caused a temporary dip in the hash rate. However, the result of the move is ASICMINER is now hashing on a colocated server in a very stable and reliable datacenter, one that will likely never be moved as long as BTC Guild is in business.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
By your logic, ASICMINER is worth around 10% of total BTC.
If ASICMINER or anyone else gets over 50% of the network hashpower, then the BTC price will crash even if the controlling party doesn't do anything nefarious.
If ASICMINER or anyone else gets over 50% of the network hashpower, then the BTC price will crash even if the controlling party doesn't do anything nefarious.
well if the stock is trading at 1btc 400,000 shares is 400,000 btc which is ~4% of total btc.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
What if ASICMINER goes through a Bitcoin-style bubble and hits 10 BTC each? 
*fervently knocks on wood*
One consideration is how important their underwriting of network security is... so if they end up with ~1/3 of the total hash would it be reasonable to say the company is worth 1/3 of total btc, or perhaps you could say network security is half of all btc value, so controling 1/3 of total hash is worth 1/6 of total btc. Just some idle thoughts.
Re: ICBIT Derivatives Market (USD/BTC futures trading) - LIVE
We've had large long positions closed without being fully compensated because the margin was not increased. And yet now he is increasing the margin when it isn't in our favor, this is a clear case of bias on the part of the admin/fireball