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Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
translation anyone?
Well you can try your luck using google translate (https://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2Fwww.iasicminer.com%2Findex.php%2Faction-viewnews-itemid-22) but it still is difficult to get the gist of it.
I think it mostly is just some summary of all the things we already got to know about the salon. Nothing new as far as I can tell.
On the contrary, there is one VERY interesting result from this blog post, discreetly hidden in the non-google-translatable areas.
Friedcat has now implicitly announced an estimated efficiency for BE300 miners, with these profit numbers. The top row is labeled "average power cost of the rest of the network," and the chart seems to be a model for how much the BE300 will earn (per TH/s???) with different power costs, from which we can probably extrapolate its efficiency. However, the chart doesn't have a legend, so I can't actually see what these numbers mean...
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Summary of speech
Translated from http://www.weibo.com/p/1005053057597202/
And here's Mr. Friedcat!
He's very soft-spoken.
One mention of a "BE300."
"Our goal is to ensure losses for all the other mining manufacturers."
Slide image: summary of franchising program
Price is 3xxxx (?), speed will be >1 TH/s, my god // Note: this doesn't seem right to me and I don't know what he meant, but think he meant to say 3xxx CNY (~500 ish USD) for >1 TH/s.
"The conservative deadline for the public release of BE300 is EoY. It might even be earlier."
"The goal is to achieve an annual average of 15-20% of the hashpower of the network."
Some invoices, haha
Shy, modest, genuine, hard-working, intelligent. Needs to work out more and eat better. Desperately needs a mama cat. That's friedcat.
More translations coming from http://weibo.cn/u/5195261989?page=3&wm=
August 2 - At 1pm, ASICMINER is holding the "Exahash Power Era" salon ...
Pic of drinks at the Exahash salon
"Bitcoin mining is way more competitive than the Bitcoin exchange industry"
Friedcat's debut speech: "How can a miner profit in the Exahash era?"
Friedcat describes the open source program (boring slide)
Friedcat describes the ASICMINER business model
Guest speaker, appears to be ASICMINER sales guy, says some stuff about sales (I'm omitting it, it doesn't seem very interesting), in which he mentions that the minimum direct order from ASICMINER is 10 machines.
ASICMINER's latest machine will be in the 3000-4000 RMB range, with 1 TH/s per unit. ASICMINER invites figures in the mining industry to see prototypes of these units for themselves in Beijing, Tianjin, the PRD (HK), and the YRD (Shanghai)
Translated from http://www.weibo.com/p/1005053057597202/
And here's Mr. Friedcat!
He's very soft-spoken.
One mention of a "BE300."
"Our goal is to ensure losses for all the other mining manufacturers."
Slide image: summary of franchising program
Quote
> Collateral will be AM shares or BTC
> AM will provide the unit
> Franchisee provides the computer, power supply, hosting
> 80/20% split of profits
"Our PR team is committed to improving communications with shareholders and being more transparent."> AM will provide the unit
> Franchisee provides the computer, power supply, hosting
> 80/20% split of profits
Price is 3xxxx (?), speed will be >1 TH/s, my god // Note: this doesn't seem right to me and I don't know what he meant, but think he meant to say 3xxx CNY (~500 ish USD) for >1 TH/s.
"The conservative deadline for the public release of BE300 is EoY. It might even be earlier."
"The goal is to achieve an annual average of 15-20% of the hashpower of the network."
Some invoices, haha
Shy, modest, genuine, hard-working, intelligent. Needs to work out more and eat better. Desperately needs a mama cat. That's friedcat.
More translations coming from http://weibo.cn/u/5195261989?page=3&wm=
August 2 - At 1pm, ASICMINER is holding the "Exahash Power Era" salon ...
Pic of drinks at the Exahash salon
"Bitcoin mining is way more competitive than the Bitcoin exchange industry"
Friedcat's debut speech: "How can a miner profit in the Exahash era?"
Friedcat describes the open source program (boring slide)
Quote
- the BE200 open source program
- for amateur miners, easy configuration and lower radiation (?)
- for professional miners: high reliability; expect a flat price curve
- for miners with better power costs: huge returns
- for miners with lower power costs: we improve your chances of making a decent return
BE300 mentioned by friedcat- for amateur miners, easy configuration and lower radiation (?)
- for professional miners: high reliability; expect a flat price curve
- for miners with better power costs: huge returns
- for miners with lower power costs: we improve your chances of making a decent return
Friedcat describes the ASICMINER business model
Quote
What we do: Bitcoin mining hardware, R&D, production, marketing, providing open source solutions to the community
What we will never do: scrypt miners, giving insider information out, selling anything in development, tricking people about pricing (not sure about this translation)
ASICMINER is hiring!What we will never do: scrypt miners, giving insider information out, selling anything in development, tricking people about pricing (not sure about this translation)
Guest speaker, appears to be ASICMINER sales guy, says some stuff about sales (I'm omitting it, it doesn't seem very interesting), in which he mentions that the minimum direct order from ASICMINER is 10 machines.
ASICMINER's latest machine will be in the 3000-4000 RMB range, with 1 TH/s per unit. ASICMINER invites figures in the mining industry to see prototypes of these units for themselves in Beijing, Tianjin, the PRD (HK), and the YRD (Shanghai)
Re: [HOSTING] High Capacity & Density Bitcoin ASIC Hosting
Hey Dalkore- sent a PM, anticipate speedy response. Urgent
Response sent over.
-D
More details needed.
Anyone here willing to trade Euros for coins in person with an American visiting the area (and perhaps also have dinner)? PM me and let me know! Thanks
Anyone? Haven't been able to yet.
Have quite a few 850W PSUs that I'm thinking about selling. If anyone's interested in these, I can offer a discount from the market rate on Newegg (which is $170 right now). Accept Bitcoin only, willing to do escrow.
Re: Just moved half of my funds off Bitstamp back into nice safe and warm Bank Konto
on this forum I've seen way too many people making bearish arguments for technical reasons alone. One constant in my experience has been that although these people are often correct, in the long term they lose when news about the fundamentals comes out and breaks their little Fibonacci patterns. we have the etf, SecondMarket, circle, and other large developments in the pipeline and I would be afraid to be completely in fiat.
Alleged Gox address posted by Gox.com FB page (unverified)
Quote
We still want to reassure you, that your funds are safe. We implemented a long time ago a cold wallet technique that can't be broken, because of the cryptographic implications.
You can see part of our funds here:
https://blockchain.info/address/18f1yugoAJuXcHAbsuRVLQC9TezJ6iVRLp
As you can see, all informations about our insolvency are greatly eaggerated!
You can see part of our funds here:
https://blockchain.info/address/18f1yugoAJuXcHAbsuRVLQC9TezJ6iVRLp
As you can see, all informations about our insolvency are greatly eaggerated!
edit:
Quote
Disclaimers: about half of what I know about Bitcoin I've picked up in the past few hours, and it's still negligible.
That said, tracing these transactions it seems like things end up in some bucket / accumulator accounts, passing through a large number of intermediaries.
The traceability of transactions seems like it could well work against this guy (or guys), but only if the identity/ies can be cracked.
I've been tracing some of the bigger movements on the theory that they'd end up accumulating somewhere eventually. Useful stuff: you can filter transactions by send and receive. You can also view the balance history of accounts.
One of the accumulator accounts is here, "HA1Ck": 1EBHA1ckUWzNKN7BMfDwGTx6GKEbADUozX. Note that this is the "All time" history, but transactions start on or about 25 November, 2013. Immediately 30,000 BTC are transferred in, with the final total ending up at around 41,000 BTC.
By contrast, "1Drt3c" (which I've come to call "dirt") shows a full time history here: 1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew. There are some early transactions , then a few big movements in August / September, 2012. Things really start picking up in May, 2013.
Here's a typical pass-through account. There's a single incoming transaction (2014-02-06 13:25:04), and three outgoing TXs (2014-02-06 17:25:26). Two are for ~0.03 BTC ($24 and $28), the third is for ~22 BTC ($17,305). One hypothesis is that the two small payments were to associates who'd helped set up the account or otherwise facilitate the transaction, possibly unknowingly. Or skimming by members of the team ($28 times many, many transactions could add up).
If I follow that transaction line (to the max recipient) we eventually end up at 1Kr5vYUWR5W2zX5c7UKWBcpJjmPx5W5bBU which exhibits an oddity: this account receives 2.04268209 BTC (2014-02-08 23:46:37), and pays out 91.09238209 BTC (2014-02-08 23:52:12). I've seen this pattern elsewhere. Odd. But a bunch of penny-ante BTC transactions (well, if $1000 TXs can be penny-ante) suddenly jump to $62k. Let's follow that...
Another account with zero balance, but it's had a significant balance. Transactions start September, 2013, and zero out in February, 2014.
One chain ends here: 1JU3iYTcCeB34TLCN7XYwHDbDmVwnThjaK with a 971 BTC balance.
Another here: 1HiLGVR7T8siQVs4X5hSdWx15C5mW2JtSm balance: 10,084.17667 BTC. But also a 35,998 BTC payout 2014-02-12, $23.9 million. That chain end here: 1F5N5kz8RMEYWjMYJVjnxQwD8Z8NVW3qiW. One transaction, 33,878.9999 BTC. Not a bad day's work. Only 5% of the missing amount though. IP relay through Italy, apparently.
Off to some more chains and transactions...
A small accumulator TX -- 36 addresses contributing a total of 10.2 BTC ($8,070)
Another accumulator. Two big payouts in early December, and Frebruary
An endpoint from there: 1EogffKJZjtuBwQtJzYzmDfeekafG3Gwyc, though I suspect it's a waypoint. The transaction just occurred 10 hours ago. About a half-million dollars.
Endpoint 971 BTC 10 hours ago.
Endpoint / accumulater with ~2000 BTC (about $1 million): 1BLqSWgYaZRV6EZGW1TiAHcFUCKh8qG3M1. This shows up on several transaction paths.
Lots more, but that's what I'm seeing so far.
That said, tracing these transactions it seems like things end up in some bucket / accumulator accounts, passing through a large number of intermediaries.
The traceability of transactions seems like it could well work against this guy (or guys), but only if the identity/ies can be cracked.
I've been tracing some of the bigger movements on the theory that they'd end up accumulating somewhere eventually. Useful stuff: you can filter transactions by send and receive. You can also view the balance history of accounts.
One of the accumulator accounts is here, "HA1Ck": 1EBHA1ckUWzNKN7BMfDwGTx6GKEbADUozX. Note that this is the "All time" history, but transactions start on or about 25 November, 2013. Immediately 30,000 BTC are transferred in, with the final total ending up at around 41,000 BTC.
By contrast, "1Drt3c" (which I've come to call "dirt") shows a full time history here: 1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew. There are some early transactions , then a few big movements in August / September, 2012. Things really start picking up in May, 2013.
Here's a typical pass-through account. There's a single incoming transaction (2014-02-06 13:25:04), and three outgoing TXs (2014-02-06 17:25:26). Two are for ~0.03 BTC ($24 and $28), the third is for ~22 BTC ($17,305). One hypothesis is that the two small payments were to associates who'd helped set up the account or otherwise facilitate the transaction, possibly unknowingly. Or skimming by members of the team ($28 times many, many transactions could add up).
If I follow that transaction line (to the max recipient) we eventually end up at 1Kr5vYUWR5W2zX5c7UKWBcpJjmPx5W5bBU which exhibits an oddity: this account receives 2.04268209 BTC (2014-02-08 23:46:37), and pays out 91.09238209 BTC (2014-02-08 23:52:12). I've seen this pattern elsewhere. Odd. But a bunch of penny-ante BTC transactions (well, if $1000 TXs can be penny-ante) suddenly jump to $62k. Let's follow that...
Another account with zero balance, but it's had a significant balance. Transactions start September, 2013, and zero out in February, 2014.
One chain ends here: 1JU3iYTcCeB34TLCN7XYwHDbDmVwnThjaK with a 971 BTC balance.
Another here: 1HiLGVR7T8siQVs4X5hSdWx15C5mW2JtSm balance: 10,084.17667 BTC. But also a 35,998 BTC payout 2014-02-12, $23.9 million. That chain end here: 1F5N5kz8RMEYWjMYJVjnxQwD8Z8NVW3qiW. One transaction, 33,878.9999 BTC. Not a bad day's work. Only 5% of the missing amount though. IP relay through Italy, apparently.
Off to some more chains and transactions...
A small accumulator TX -- 36 addresses contributing a total of 10.2 BTC ($8,070)
Another accumulator. Two big payouts in early December, and Frebruary
An endpoint from there: 1EogffKJZjtuBwQtJzYzmDfeekafG3Gwyc, though I suspect it's a waypoint. The transaction just occurred 10 hours ago. About a half-million dollars.
Endpoint 971 BTC 10 hours ago.
Endpoint / accumulater with ~2000 BTC (about $1 million): 1BLqSWgYaZRV6EZGW1TiAHcFUCKh8qG3M1. This shows up on several transaction paths.
Lots more, but that's what I'm seeing so far.
This address is linked to large movements associated with a huge 782k BTC wallet that were posted on Reddit (http://www.reddit.com/r/Bitcoin/comments/1yvdcd/heres_a_summary_of_what_has_happened_over_the/cfocqz3).
Specifically, https://blockchain.info/tx/767786f3bccb5b8c340d4a90f015593dbe5af671302043ce539c15bc34f1d75f seems likely to be a Gox cold wallet transaction if all of the above is correct, and if true, should prove that Gox has >2000 coins.
Re: bitcoin is failing in replacing fiat in physical shops
This whole malleability fiasco has shown once again that zero confirmation transactions can not be trusted.
since its not practical waiting for 10 minutes for a payment to clear when buying coffee it seems to me that bitcoin will never go mainstream in physical shops.
any solution involving a third party to clear payments defeats the whole purpose of bitcoin.
any third party will effectively turn into a bank along with all the classical fractional reserve practices we have today.
since its not practical waiting for 10 minutes for a payment to clear when buying coffee it seems to me that bitcoin will never go mainstream in physical shops.
any solution involving a third party to clear payments defeats the whole purpose of bitcoin.
any third party will effectively turn into a bank along with all the classical fractional reserve practices we have today.
IIRC I believe that BitPay runs a network of low-latency nodes that ensure that they can accept zero confirmation transactions. Anyone using BitPay is unaffected.