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Showing 20 of 68 results by coldguy
I used to write a crawler to fetch each bet's data, and want to do some analysis. But Doog use CloudFlare to protect the site again this...
I think unless doog generate this plot for you, there is no other way you can do instead. Maybe doog has the design of the API of the site in his mind?
Since day 1.
This chart explains why (click for a larger version):
The top-most red line is the expected profit - 1% of the total amount wagered. The black line is the actual profit. It mostly runs parallel to the expected profit, but is far below it due almost entirely to a player called nakowa who won big in mid July and at the end of September.
The site's profit is now sitting between the 0.3% and 0.35% lines, is slowly climbing up through the red lines, but is expected to remain ~35k below the 1% line.
Is there a link that we can view that chart on whenever we want (an updated one) or did you have to generate it? I've seen a couple others you've posted that I wanted to follow as well. If you're generating them, is there any chance of you posting like monthly on the blog or something?
I think unless doog generate this plot for you, there is no other way you can do instead. Maybe doog has the design of the API of the site in his mind?
just a question: in the "Invest" tab the (profit)% (now at: 0.331741%) is relative to what period? monthly? since day 1?
Since day 1.
This chart explains why (click for a larger version):
The top-most red line is the expected profit - 1% of the total amount wagered. The black line is the actual profit. It mostly runs parallel to the expected profit, but is far below it due almost entirely to a player called nakowa who won big in mid July and at the end of September.
The site's profit is now sitting between the 0.3% and 0.35% lines, is slowly climbing up through the red lines, but is expected to remain ~35k below the 1% line.
Is there a link that we can view that chart on whenever we want (an updated one) or did you have to generate it? I've seen a couple others you've posted that I wanted to follow as well. If you're generating them, is there any chance of you posting like monthly on the blog or something?
@zhangjialong is a blogger and twitter in Chinese. He was a web editor of Tencent(qq.com), until 22nd May. On 23rd May, he was terminated the contract with Tencent because "leaking business secrets and other confidential and sensitive information". The real reason for this termination is because on Feb 15th 2014, he joined a meeting in Beijing with the U.S. Secretary of State John Kerry. During the meeting he had expressed what the Chinese propaganda department considered "radical" expression, and most importantly, he disclosed the Propaganda department's directives targeting news and incidents.
In one of these directives, it is about how the Chinese government's propaganda opinion on bitcoin related business.
2014 Bitcoin International Summit will be held on May 10-11 in Beijing. Websites may not participate or cover the summit, nor hype about bitcoin. In the future, any reports about bitcoin must keep in line with financial regulators. Please implement the requirement immediately.
Chinese government want to control everything, as you may know. Bitcoin now is among a series of dissenter's news, which is Chinese government's opinion on it.
In one of these directives, it is about how the Chinese government's propaganda opinion on bitcoin related business.
2014 Bitcoin International Summit will be held on May 10-11 in Beijing. Websites may not participate or cover the summit, nor hype about bitcoin. In the future, any reports about bitcoin must keep in line with financial regulators. Please implement the requirement immediately.
Chinese government want to control everything, as you may know. Bitcoin now is among a series of dissenter's news, which is Chinese government's opinion on it.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Hi Rockxie, thanks for this information.
Does this mean that you are going to purchase the chips at the same price as the other consumers? You are not going to have a discount somehow using your board member status?
Does this mean that you are going to purchase the chips at the same price as the other consumers? You are not going to have a discount somehow using your board member status?
Hi, guys, I'm sorry to puzzle you, RockMiner is a new start-up compay which is just a business partner of ASICMINER. We are going to purchase AM's chips to produce miners and there will be many companies like us. Yes,I'm a board member of ASICMINER ,but that doesn't mean I can't start my own miner business since ASICMINER is starting to sell chips. What we want to do is do our best to be the one of the most powerful partners of ASICMINER and to help ASICMINER achieve greater goals. BTW, ASICMINER or friedcat has no shares of ROCKMINER at all. Most of ROCKMINER shares were purchased by users of this community after I posted the IPO topic. We will release board member information later at our official website of rockminer.com.
Thank you all.
-- Rockxie
Thank you all.
-- Rockxie
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
For me it looks like AM is not willing to issue profits as dividends to the shareholders. So they set up another company, which is maybe RM, holding 80% of RM's shares. Then they sell the chips to RM in a lower price, which means lower dividends as AM's shareholders would expect. Then the margin would be totally at RM's side.
======Everything above is only my assumption.======
Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.
======Everything above is only my assumption.======
Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.
Why do people assume FC is out to pull a fast one?
Must I remind everyone that after collecting 20,000 btc during IPO, AM proceeds to pay out 200,000 btc in dividends alone.
Financial reports are public and there is no trickery going on.
And what makes you assume RM is the only customer for gen3 chips? I assume every asic hardware manufacturer will be using AM's chips soon.
Then that would be great. I hope AM is willing to sell their chips to every miner producer at the same price.
Why would they do that? A company can set a price for their products as they see fit.
If company A wants to buy X chips and company B wants to by 2X chips, AM could give a better per chip price to company B (volume discount). Or since company B is a preferred buyer, then they could get a better price.
Yes, this is true. I would say that the "same" price should be rephrased to "fair" price. What I mean is that I hope there is no "unfair" trade behind the scene.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
For me it looks like AM is not willing to issue profits as dividends to the shareholders. So they set up another company, which is maybe RM, holding 80% of RM's shares. Then they sell the chips to RM in a lower price, which means lower dividends as AM's shareholders would expect. Then the margin would be totally at RM's side.
======Everything above is only my assumption.======
Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.
======Everything above is only my assumption.======
Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.
Why do people assume FC is out to pull a fast one?
Must I remind everyone that after collecting 20,000 btc during IPO, AM proceeds to pay out 200,000 btc in dividends alone.
Financial reports are public and there is no trickery going on.
And what makes you assume RM is the only customer for gen3 chips? I assume every asic hardware manufacturer will be using AM's chips soon.
Then that would be great. I hope AM is willing to sell their chips to every miner producer at the same price.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
For me it looks like AM is not willing to issue profits as dividends to the shareholders. So they set up another company, which is maybe RM, holding 80% of RM's shares. Then they sell the chips to RM in a lower price, which means lower dividends as AM's shareholders would expect. Then the margin would be totally at RM's side.
======Everything above is only my assumption.======
Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.
======Everything above is only my assumption.======
Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.
Re: [ANN] [ROCKMINER] IPO Announcement - miners using GEN3 ASICMINER chips
Also, as I have asked in AM's thread, rockxie, as a board member of AM, will pay how much money to buy chips from AM? If you pay too much, of course you would not have a large margin here. But, if you pay too little, how AM's shareholders' benefits be protected?
To be honest, I don't think a single chip supplier and single miner producer working together would be mutual beneficial. It will be hard to handle all these issues. Maybe in the future, those who only invested in AM and those who only invested in RM, will start fighting each other in these two threads......
To be honest, I don't think a single chip supplier and single miner producer working together would be mutual beneficial. It will be hard to handle all these issues. Maybe in the future, those who only invested in AM and those who only invested in RM, will start fighting each other in these two threads......
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
I am interested in RM's IPO. However, I am wondering if there is a interests conflicting with AM. As in RM's IPO announcement, as AM's board member, RM will buy chips from AM directly. So how the price of the chip will be decided? If the price is too low, the benefits of AM shareholders will be impaired. If the price is high, the margin of RM's profit will be low. How Rockxie or friedcat would handle this issue?
Re: [ANN] [ROCKMINER] IPO Announcement - miners using GEN3 ASICMINER chips
Thanks, one more thing. Some math here :
We're talking about 75 000 shares, (60 000 private and 15 000 public).
... so RM should have 7500 BTCs in IPO address after sold-out IPO. 6000 from private investors and 1500 from us. One great feature of the blockchain is that is an ultimate public ledger. So the question is, can you provide the proof, that you raised 6000 BTC in private round? I just don't want to see, that you're giving shares for free to you or your friends. Shareholders are equal, right? After that we can control flow of money in company, how much will go for chips orders, how many for other expenses etc, very transparent way, thanks to blockchain.
We're talking about 75 000 shares, (60 000 private and 15 000 public).
... so RM should have 7500 BTCs in IPO address after sold-out IPO. 6000 from private investors and 1500 from us. One great feature of the blockchain is that is an ultimate public ledger. So the question is, can you provide the proof, that you raised 6000 BTC in private round? I just don't want to see, that you're giving shares for free to you or your friends. Shareholders are equal, right? After that we can control flow of money in company, how much will go for chips orders, how many for other expenses etc, very transparent way, thanks to blockchain.
This should be done.
If we purchase IPO shares, then we are using real BTCs to invest in the company. If rockxie yourself or your partners are giving shares to your own, we should know how many shares are you valuing your work/time/energy/etc. Without this information I would still be reluctant. As there has already been so many IPO happened during past year, indeed we need more transparency.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Didn't even know they had a facebook page, lol
Not sure how much they are planning on selling to end users to be honest, but who knows anything about their plans these days.
When does Chinese New Year end officially?
Not sure how much they are planning on selling to end users to be honest, but who knows anything about their plans these days.
When does Chinese New Year end officially?
THe festivities last for 15 days.
http://www.infoplease.com/spot/chinesenewyear1.html
And importantly starts on 31st January .... so we are talking mid-feb, great ...
Still beggars belief FC can't post anything during CNY though. Its not a crime in China to post to forums during festive season I presume?
Traditionally Chinese will have a fifteen days holiday for the spring festival. But that is only true for the old time rural part of China. However for the big cities like Shenzhen, which has a pro business culture, people will have a one week long holiday. Some aggressive business men will have a even short holiday. As long as FC is really wan two produce some thing, I don't think he couldn't find anyone to do it in time.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Really risky to buy in when there's no solid info about the Gen2 chips.
Moreover, before buying, make sure you have considered the risk that Cointerra may be successful in their 22nm chips and sell hardware at $3/GH on Jan 2014. I believe AM will survive next year, but not likely to have the same advantage as this year. You could look at AM's price at early this year when they were clearly the first ASIC miner, and then predict its price when they don't have advantage anymore now.
Moreover, before buying, make sure you have considered the risk that Cointerra may be successful in their 22nm chips and sell hardware at $3/GH on Jan 2014. I believe AM will survive next year, but not likely to have the same advantage as this year. You could look at AM's price at early this year when they were clearly the first ASIC miner, and then predict its price when they don't have advantage anymore now.
high return involves high risk, which is always the case.
It is true that there is no positive information about the gen2 chips. All we know is friedcat and his team are working hard on that. Based on what they have achieved this year, pay 0.9BTC/share to buy/risk/gamble/invest(whatever you call it) its success, is a good deal or not? You have to make your own choice.
is it just good luck or is the hash rate increasing?
Just good luck. You can see the hashrate of the AM here http://erpao.info/
The domain name is quite interesting. erpao, in Chinese is Er(二) Pao(炮) (Second Artillery), is an acronym of a very famous people's liberation army unit. http://en.wikipedia.org/wiki/Second_Artillery_Corps
Why AM is using this as its internal hash meter's domain name? or maybe it is my misinterpretation?
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
I don't know where you got those numbers, but if that is an accurate schedule of Asicminer, we are pretty much fucked.
CoinTerra 2 PetaHashes by December, BitMine will bring 4 Petahashes by March, FastHash and KnCMiner who knows how much more.
CoinTerra and KnC are both already going full throttle using 28nm.
IF AsicMiner doesn't put their shit together bringing a couple of petahashes to the network, even 2 BTC per share will be overpriced.
There is no more reason to be holding back, being the most capitalized company in the bitcoin world, they should be leading this fierce competition.
CoinTerra 2 PetaHashes by December, BitMine will bring 4 Petahashes by March, FastHash and KnCMiner who knows how much more.
CoinTerra and KnC are both already going full throttle using 28nm.
IF AsicMiner doesn't put their shit together bringing a couple of petahashes to the network, even 2 BTC per share will be overpriced.
There is no more reason to be holding back, being the most capitalized company in the bitcoin world, they should be leading this fierce competition.
Cointerra - doesn't have anything yet
BitMine - doesn't have anything yet
FastHash - doesn't have anything yet
KnCMiner - doesn't have anything yet
I don't know where is the informatino that CoinTerra and KnC are going full throttle using 28 nm, but I haven't seen proof of such a thing.
Asicminer has already experience with 130 nm chips and the new generation will be produced pretty soon afaik. You should walk before you start running.
Correct me if I'm wrong in anything
There is also Avalon, BitFury and BFL.
Cointerra founders claim they have previous experience in 28nm fab.
That is correct. Ravi Iyengar (CoinTerra lead) was a big shot at Samsung (CPU Lead Architect at Samsung Austin Research Center). The star power is even greater on CoinTerra's advisory board - their chairman, Naveed Sherwani, is also the chair of the Global Semiconductor Association Technical Steering Committee.
http://www.anandtech.com/show/7246/the-rush-to-bitcoin-asics-ravi-iyengar-launches-cointerra
http://arstechnica.com/business/2013/08/chip-veterans-form-new-startup-will-sell-high-end-bitcoin-miner-for-16000/
Even more important than the experience is the industry connections. Nothing gets done without knowing the right people.
There is no need to have so many big shots in bitcoin mining industry, which only increases the cost. Several smart heads can do the job pretty well.
Firedcat has proved himself and his teammates to be smart enough to do the job well. No other bureaucrats are needed.
Depends what "do the job well" means.
These guys are going straight for 28nm.
28nm is cool and I would admire them if they make a straight success.
What I mean here is those big shots are very fancy and they have big appetite. I am not sure if they would like to take or even understand the risks related to the bitcoin related business. This is something Friedcat has stated in his IPO post why he would not source funds from VC and would rather make it in the community.
As long as some times in future the BTC/USD price diverged from the difficulty, these companies and their customers will experience pressure, if they make such a huge investment in such a short time. That would be the real challenge. However, maybe I am wrong and bitcoin has evolved into a matured state.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
I don't know where you got those numbers, but if that is an accurate schedule of Asicminer, we are pretty much fucked.
CoinTerra 2 PetaHashes by December, BitMine will bring 4 Petahashes by March, FastHash and KnCMiner who knows how much more.
CoinTerra and KnC are both already going full throttle using 28nm.
IF AsicMiner doesn't put their shit together bringing a couple of petahashes to the network, even 2 BTC per share will be overpriced.
There is no more reason to be holding back, being the most capitalized company in the bitcoin world, they should be leading this fierce competition.
CoinTerra 2 PetaHashes by December, BitMine will bring 4 Petahashes by March, FastHash and KnCMiner who knows how much more.
CoinTerra and KnC are both already going full throttle using 28nm.
IF AsicMiner doesn't put their shit together bringing a couple of petahashes to the network, even 2 BTC per share will be overpriced.
There is no more reason to be holding back, being the most capitalized company in the bitcoin world, they should be leading this fierce competition.
Cointerra - doesn't have anything yet
BitMine - doesn't have anything yet
FastHash - doesn't have anything yet
KnCMiner - doesn't have anything yet
I don't know where is the informatino that CoinTerra and KnC are going full throttle using 28 nm, but I haven't seen proof of such a thing.
Asicminer has already experience with 130 nm chips and the new generation will be produced pretty soon afaik. You should walk before you start running.
Correct me if I'm wrong in anything
There is also Avalon, BitFury and BFL.
Cointerra founders claim they have previous experience in 28nm fab.
That is correct. Ravi Iyengar (CoinTerra lead) was a big shot at Samsung (CPU Lead Architect at Samsung Austin Research Center). The star power is even greater on CoinTerra's advisory board - their chairman, Naveed Sherwani, is also the chair of the Global Semiconductor Association Technical Steering Committee.
http://www.anandtech.com/show/7246/the-rush-to-bitcoin-asics-ravi-iyengar-launches-cointerra
http://arstechnica.com/business/2013/08/chip-veterans-form-new-startup-will-sell-high-end-bitcoin-miner-for-16000/
Even more important than the experience is the industry connections. Nothing gets done without knowing the right people.
There is no need to have so many big shots in bitcoin mining industry, which only increases the cost. Several smart heads can do the job pretty well.
Firedcat has proved himself and his teammates to be smart enough to do the job well. No other bureaucrats are needed.
Re: Is this Avalon broken? ("FPGA controller messed up, 0 wrong results")
I am not sure what LED1 ~ LED4 are doing for. Normally they are off, if the ctrl u is working properly. So I think this ctrl unit should be working properly as well.
Try upgrade the firmware in your 703n to the newest version (0723 I think). That the last thing I can suggest at this moment.
Try upgrade the firmware in your 703n to the newest version (0723 I think). That the last thing I can suggest at this moment.