The Bitcoin Forum

Marshall

Charlie,

Glad to see you are still riding my coat tails. :p. Wondering when you decided to let Warren take over the project.

Marshall

Hey Sam,

Thanks for doing the AMA.

As a fellow Miner here, wondering what kind of Miners, you guys like to run. Size of your operation in MW. And expansion plans?

Marshall

right now i'm finding it tough to snag older gear. It is either over priced or really terrible gear.

Marshall

Marshall, do you think that scaling the Bitcoin network to handle much larger blocks (e.g. >= 8 MB) is

1. A desirable goal that is unattainable in China with current infrastructure,
2. A desirable goal that is unattainable anywhere,
3. A desirable goal that is attainable in China,
4. An ...

Marshall

Hello,

yesterday I noticed an IP on my bitcoin node which was using like 6 connection slots and each had around 1 Gbyte outbound traffic.
I googled the IP and found this tweet: https://twitter.com/petertoddbtc/status/644557089872830464
with an answer from @finalhash which indicates this could be ...

Marshall

Generally, any change to the pool server is frowned upon. We don't know if we misstepped and broke something or whatever. This has nothing to do with XT or not. As per my disclaimer, ALL BIASES ASIDE. ANY CHANGE TO A POOL SERVER GETS THE ATTITUDE "if it ain't broke, don't fix it." Unless XT can ...

Marshall

Texan programmer mining Bitcoin in China. Quite the unusual combination.

How did you end up in China?

A series of beautiful events.

Marshall

1. We as miners would never switch the XT. All biases aside, switching our pool servers over would be a massive waste of money.

Sorry but that's BS.

XT is a fork of bitcoin core, There is basically 0 difference whether the fork happen or not.

The downtime would be basically non-existent if ...

Marshall

Thanks for doing the ama.

I have recently tried aquiring ASIC chips for building my own mining rig to sell to consumers. However every current gen manufacerer will not sell chips to third parties. Doesn't this mean that mining is already centralized? Since the chip makers can effectively lock out ...

Marshall

3. BTC is not huge in China. Simply because they have great ways to make P2P payments already IMHO. Alipay, WeXIN Pay, etc.

Neither of those are p2p payments. All of them involve banks and companies.

I really hope that the majority of the miners are more intelligent and better informed than ...

Marshall

Thanks for doing the AMA! Two questions:

1. You mentioned the very high latency being a problem for Chinese miners - especially since as it's implemented right now, a block needs to "race" in its entirety from its originating node. However, Bitcoin XT is currently working on implementing IBLT ...

Marshall

Marshall, general question. How will the upcoming halving of the block reward to 12.5 in 2016 affect the mining industry? With smaller reward & presumably lower margins, will we see even more centralization of mining? Will the Bitcoin price pop as the increase to supply of Bitcoin will slow down ...

Marshall

Hi Marshall, thanks for being here,

We know China weighs big in mining. Would it be a plausible scenario that Chinese gov takes control of all mines in China and then be able to break the trust in Bitcoin system by getting the majority of its hashpower?

What do you think about centralization of ...

Marshall

Just wondering which people in the Bitcoin eco-system you tend to stay in contact with. Do you communicate much with the founders of various Bitcoin exchanges, for example, or with the CEOs of companies like Coinbase or Circle? Have you talked to Gavin Andresen on the phone? (I've listed a tiny ...

Marshall

So in general, we do not ever feel like tx fees can be helpful to us. Right now and going forward they will be and continue to be nominal at best as the ETHOS of Bitcoin seems to be "It's Free" and that is not likely to change, nor should it.

Regarding OneName, their assessment of the NMC ...

Marshall

We do not see fees as ever becoming a real way to drive revenue simply because the mentality of Bitcoin is, "It's Free!".

Firstly, transacting is already cost money. Secondly, It's in the original whitepaper that fees will compensate for the diminishing block reward in the future. It was satoshi ...

Marshall

given miner's need to transition to tx fee income as block rewards subside, how do you plan to compete with LN siphoning tx fees offchain?

do you think merge mining of sidechains is a viable exercise given how OneName had to abandon Namecoin b/c of the 60% hashing share of f2pool?

how practical ...

Marshall

Hello Marshall,

What are your thoughts on block size debate. Favorite BIP on block size increase?

My Thoughts
In general I like Jeff Garzik's proposal. However, my reasons are extremely fleeting and very biased. It let's miners stay in control, which for the record isn't a bad thing. Miners ...

Marshall

HI Marshall,

You have an interesting story. What does a typical mining operation look like?

How do miners decide which transactions they mine? Should any of the incentives be split up between the nodes so they are compensated for the network?

Can miners choose to "vote" which version of the ...

Marshall

Hello Marshall,

With the halving coming up soonish, how are your mining companies returns going to be affected and at what point will Bitcoin have to be a particular price for your business models?

Thanks,
CFO

Thanks for the question. I get this one alot, and in fact I did a talk about it at ...

Marshall

Hi Bud!

It seems like China has a lot of their own, locally developed, businesses: their own versions of Facebook, YouTube, Amazon etc.

Can US or EU Bitcoin startups have a successful presence in China or is it too hard? Would they be better off focusing on partnerships, jvs, early expansion ...

Marshall

Hey Folks Ask Me Anything! (Will be responding starting at Noon EST)

A bit about myself.

+Started Coding when I was 15 years old
+Original Career in Engineering
+Got into bitcoin in Nov. 2009
+Started originally as a miner
+Currently one of the top 10 miners world wide with mines in China ...

Search found 22 matches

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Re: I'm Sam Lee, CEO of Bitcoin Group, Ask Me Anything :)

Re: What's the cheapest mining hardware with efficient hash rate/power

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

Re: I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

I'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG

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