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Showing 20 of 171 results by ning
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Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
ning
on 30/05/2014, 03:32:06 UTC
Thank you, Jut.
Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
ning
on 15/05/2014, 15:18:27 UTC
Can someone please tell me the total amount of shares issued? Held privately and publicly.

Edit: 400,000 is correct?

The total number of shares is 399,962.

Reference:

I'd rather not want to predict the divs, but I'm afraid it 'll start with a lot of zeros, and 'll end with a few 7's.

Let's just wait for gen3. Smiley

Why the denominator is 399,962 rather than 400,000?

When GLBSE went belly up, there were some unclaimed shares.  If you look at the last dividend payment, there were only 399,962 shares paid out.
Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
ning
on 03/05/2014, 02:25:31 UTC
@Jutarul, Thank you.
Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
ning
on 17/04/2014, 08:27:06 UTC
The advantage of applying immersion cooling is mostly spatial [1]: it saves space by allowing a very high energy (hashing) density, and it loosens the constraints on where the miner rigs can be deployed. However, space doesn't seem to be a bottleneck as of now, but it might be in the (near) future. With immersion cooling the cost of the cooling fluids will become a nonnegligible (if not major) part of the whole operation, a consistent and calculated design of the PCB boards and the metal cooling tanks can minimize the consumption of cooling fluids and thus reduce costs. So, there's a lot of work to do other than manufacturing efficient hashing chips.

[1] Google data centers can achieve a PUE (Power Usage Effectiveness) of less than 1.06 [2], so I don't think a PUE of of less than 1.02 [3] achieved with immersion cooling is spectacularly impressive.
[2] https://www.google.com/about/datacenters/efficiency/internal/
[3] http://www.allied-control.com/publications/Full_Version_Bitcoin_2-Phase_Immersion_Cooling_and_the_Implications_for_HPC.pdf
Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
ning
on 17/04/2014, 07:51:00 UTC
I came across a relevant post on immersion cooling (very informative):

Two Phase Open Bath Immersion Cooling Thread (https://bitcointalk.org/index.php?topic=313087.0)

Some interesting points from that post:

  • Open bath immersion cooling makes the tank easier and cheaper to construct and the system is never pressurized at dangerous pressures.
  • 3M has conducted experiments cooling 4KW heat loads using 1L of working fluid so in theory heat densities approaching 4,000 W/L are possible.
  • For two phase immersion cooling we are interested in fluids which boil below the temperature limits of ASICs.
  • It is not possible with two phase cooling to have temperatures less than the boiling point of the working fluid.
  • The cost depends on supplier and volume being purchased but generally runs $80 to $100 per Liter.
Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
ning
on 13/04/2014, 11:09:37 UTC
Post
Topic
Board Bitcoin Technical Support
Re: ubuntu 12.04 heartbleed
by
ning
on 12/04/2014, 05:44:13 UTC
You can download the latest version here: https://bitcoin.org/en/download You simply stop the old version, replace the binary, and restart again.
Post
Topic
Board Development & Technical Discussion
Re: Source code for ECDSA operations (key generation, signing, verifying, etc)
by
ning
on 12/04/2014, 01:32:21 UTC
I have a homemade Erlang implementation for key generation, signing, and verifying. It's basically a set of functions without any inheritance. The thing is, for your case, it's written in Erlang.

I would still like to take a look at it if you have the source code available online.

The verifier is in the public domain (https://github.com/ningzhang/bitcoin-message-verifier). I haven't put up the source code for signing and key generation online, but I can send you a copy later today. Please PM me your email address if you want to take a look at it.
Post
Topic
Board Development & Technical Discussion
Re: Source code for ECDSA operations (key generation, signing, verifying, etc)
by
ning
on 11/04/2014, 16:32:44 UTC
I have a homemade Erlang implementation for key generation, signing, and verifying. It's basically a set of functions without any inheritance. The thing is, for your case, it's written in Erlang.
Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
ning
on 29/03/2014, 15:19:17 UTC
Update

The chips passed the functionality tests.

Thank you, Friedcat and other ASICMINER engineers.
Post
Topic
Board Meta
Re: Bitcoin 2.0
by
ning
on 28/03/2014, 11:42:45 UTC
Bitcoin itself is a protocol that evolves.
Post
Topic
Board Beginners & Help
Re: Trading, buying and getting them without mining
by
ning
on 28/03/2014, 11:28:11 UTC
I'm still kind of new to this Bitcoin business, so I have a question. Is a person able to buy Bitcoins from someone else, then turn around and sell them to yet another person?

Rather this is a very good time to buy. By coming september bitcoin will touch 1000 USD again Smiley

We never know for sure until the day comes. Market behavior is hardly predictable.
Post
Topic
Board Bitcoin Technical Support
Re: Specific Address Wallet?
by
ning
on 28/03/2014, 10:45:30 UTC
I think OP's requirement boils down to keeping one's private keys safe.
Post
Topic
Board Bitcoin Discussion
Re: Question about wallet hacking
by
ning
on 28/03/2014, 10:37:30 UTC
...
... were all stored offline and separately.
...

Things need to be used online can be exposed when being used online even if they are stored offline.
Post
Topic
Board Service Discussion
Re: every exchange will be hacked?
by
ning
on 28/03/2014, 10:25:41 UTC
There's a possible solution to this: pull all the funds off-line and ask customers to digitally sign all the actions (buy orders, sell orders, and order cancellations, etc.), and perform manual withdrawal.
Post
Topic
Board Off-topic
Re: MS-DOS is open source now
by
ning
on 27/03/2014, 07:22:01 UTC
Thanks for sharing it. I didn't expect to come across this on a Bitcoin forum.
Post
Topic
Board Beginners & Help
Re: Help me a bit
by
ning
on 27/03/2014, 06:00:51 UTC
...
What I really want is a permanent address where anyone can deposite to get the specified job done any number of times.
...

Using the message signing feature of Bitcoin-Qt can be a possible solution. It works like this:

1) A customer sends x coins from address AddrC to the merchant's address AddrM;

(Now the customer needs to prove that she did send the fund)

2) The merchant generates a unique token (can be a random string) and asks the customer to sign it with the private key to AddrC;
3) The customer signs the token and the merchant verifies it;

(Now the merchant knows who sent her the fund)

4) The merchant delivers her product or services.
Post
Topic
Board Securities
Re: Looking for investment of ~2500 BTC for music festival, return = ~150,000 BTC
by
ning
on 27/03/2014, 05:40:35 UTC
Earning Bitcoins in the future will likely to be hard, we have no idea what the exchange rate will be in five years.
Post
Topic
Board Economics
Re: The solution is obvious
by
ning
on 27/03/2014, 05:31:09 UTC
Bitcoin doesn't have to be breaking through in terms of dollar price in the first place, does it?
Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
ning
on 27/03/2014, 04:23:35 UTC
I was kinda hoping for some dust this week. Guess I am disappointed.

Look, rockxie was in a rush to get that IPO in. That means he really wanted to get that first batch of chips. With that first batch sold out, we're looking at around 4000 BTC or about 0.01/share in the coming weeks. Just gotta wait with baited breath...

(Drum roll)...