Bitcoin Forum

Virtual Mining Corporation is now taking pre-orders for its
Fast-Hash-80 80 GH/s Bitcoin Mining Machine.

www.virtualminingcorp.com (http://www.virtualminingcorp.com)

may i be the first to call scam...

pictures are of a std 4u case......still with dvd rom pictured in place, and by the looks of it they are supamicro cases :(

picture of back of case show std atx board pinouts...inc vga and audio.... http://www.virtualminingcorp.com/example/slider3.jpg
                                                                                                   http://www.virtualminingcorp.com/example/slider4.jpg


simply wtf http://www.virtualminingcorp.com/example/slider5.jpg


and ive not evan really looked hard or read the site........

you left some ipsum in the about us :-

really ......per chip.....

Yes, these are stock pictures of the case we will be using in our production.  We are using std atx boards in our models and off-the-shelve parts,
so that we will be able to supply are larger number of units.   

That is our expansion case.  

Will buy everything for free.

Yes, these will be our Fast-Hash 28nm chips.

Good luck!

The relationship btwn AMC & VMC appears convoluted & a waste of money to setup & run 2 different legal entities. Especially when they are run by the same people. Contracts signed by two separate parties but by the same person just looks BAD.
https://bitcointalk.org/index.php?topic=158806.msg1978339#msg1978339

You can easily run the two separately within the same entity, making it look much safer for investors.

Also, a website with terrible spelling errors doesn't inspire confidence in a scam-laden market, you might want to do something about that. 

And your "trademark" for Fast-Hash apparently isn't registered. (if such a common term is actually able to be trade-marked)
http://www.trademarkia.com/trademarks-search.aspx?tn=fast-hash

Yeah gotta be honest I'm not buying into what I've seen either.

This also looks like a second attempt of starting a thread as your original wasn't particularly well received;

https://bitcointalk.org/index.php?topic=206488.20

Really don't know why/how you feel you need to offer discounts on a product that will sell in large amounts if genuine.

If you're developing asics from scratch there's expensive initial NRE to consider. Until you have a prototype there is no way you should be asking for pre-orders.

Definitely on the scammer side of genuine.

If you mean well, sorry, you're not inspiring me with faith.

Honest opinion.

when i see PRE-order, i run away  ::)

I want to laugh :D

On the who is.... is that real info?   Its someones lol.

Edited after seeing his forum name.... it seems to be real lol. 

but you can see the site is only registered until March 2014 whilst some of his products are due for completion in Dec 2014.  Umm....

http://www.virtualminingcorp.com/example/slider5.jpg

That picture is lifted from Magma PCIe extender cases.

http://www.magma.com/catalog/basic-pcie-expansion

http://www.virtualminingcorp.com/example/serv1.jpg <----? Take a look at the text.

So much info from you...When do you expect to have a prototype working? What about finished devices for customers? Why aren't you giving more info?

That seems very possible. I mean, the CedarTec ones were quoted at 10GH/s per chip (80GH/s, 8 chips). Maybe they overclock them to reach 15GH/s.

These look like serious contenders. Watch out! :)

They must have incredible bulk-purchase discounts! OMG!

Does then 25BTC model feature the MAGMA 13 you think? I mean, there weren't that many slots (OK, they were unpopulated.. :)) in the 4U server (i.e. not the MAGMA).

If yes, I want TWO. No, make that FOUR!

Do they accept coupons? Groupon anyone?

;D

I am not hitting on this guy. I am simply making careful observations. I have hope for now that he will have the prototype first, and then the pre-orders second.

BFL has no doubt put a massive wall of distrust between the community, himself and his future business success.

At this point, the nicest words in the world wouldn't convince anyone to go into a pre-order. Only a working prototype would.

The prototype itself signifies that the design works, and most (if not all) bugs encountered won't kill the company's future.

It is only rational to produce a proof of concept....that not even a simulation could provide.

Still, the pricing is... suspicious.

 28nm chip will cost lot money to develop .

Because it's fake and a scam.

Right they're developing 26, 45, 65 AND 90nm chips that apparently go into ATX boards. What bullshit, doesn't even make sense!

Our first series of machines will be build using the tested technology of Avalon, there chips and there board, this will be our version 1 board.  We will then take that board a re-spin it with a PCI express interface so our customers will be able to use our expansion case.  After we re-spin the board we will have an upgrade program for our version 1 board for customer who wish to upgrade. 

We have chips on order from Avalon and will be placing more orders for chips depending on our sales.  Our delivery date will be adjusted based on sales.  The current date for delivery is only for the first batch of machines that we order chips for in the next week.  This also it depends on our suppliers, i.e. Avalon. 

I talked with Yifu at Bitcoin 2013 and Avalon is not going to be build any more machines, they are just going to be a chip supplier.

Our second and third series of machines will be build on our own Fast-Hash chips 45nm and 28nm.  Since we are here in San Jose at Bitcoin 2013, of which we will be posting video on the site, we had a meeting with our supplier of our chips.

Since we are using Avalon's technology chips and boards we don't expect a long testing time.  Also, talking with Yifu, if we could order a complete order of 10,000 chips, we would receive some testing chips.
The rest of our parts for our machines our off-the-shelf and are readily available.  Our shipping date is firm for about the first 20 devices sold, then we will move that date back to 9/30/2013 for the next 100 macines.

I hope this gives you the information you need.

Yes, we just started the company, however check out my axs.net which was registered in 1997!

The Magma case is an option, if you check out our shopping cart you can configure the type of machine you want.  Since I am here at Bitcoin 2013, I had to only put the button for the one product, our Fast-Hash-80, but I will be fixing the cart for the other options.

We have just estimated the speed to be about 50% gain over our 45nm chips.  However, in our meeting with our Semiconductor company which is currently doing a feasibility study on our RTL code, they indicated that the 28nm chips may have 100% gain over the 45nm.  Of course these are just estimates as we say about, but we have tried to be very conservative with the estimates.

Yes, and we will have a prototype as soon as we get chips from Avalon.  We are in an order placed on May 1 for 1,1,50 chips which are
for machines in our AMC mining cooperative.

Yes, We just had a meeting with our Semiconductor company last Friday.  We know what all
the cost are.

We are not developing 26, 45, 65 and 90nm chips, only 45nm and 28nm.  These chips do not go into ATX boards, they will go into a custom board that uses a PCIe interface that plug into an ATX board.

Anyone at Bitcoin 2013 today, I would be happy to meet with you.  Give me a call at (855) - One-Bitcoin (663-2482) X700.

You didn't any of answer this:


Also, if you are only creating boards/modules for Avalon chips at the moment, why would people spend 71BTC for your unit when they can create/buy a DIY avalon via any of the developers here for about half that?  Hope you are legit but simply showing up at the conference doesn't automatically create credibility. Just ask BFL.
I think you'd be much better served by waiting for your chips to arrive, creating a prototype with the chips you said you ordered & then ask people for their money.

What is suspicious about our pricing?

 If you don't mind my asking, how did you secure the several millions of dollars in research and funding required to pull this manufacturing feat off within the next 3-5 years ?

I am surprised, your answer was a complete and concise roadmap of your plans.

You can't get that kind of answer out of BFL. I am tentatively in favor of your company. (Make sure to post your video at BitCoin 2013.)

I want to ask what you feel you will improve with your Avalon based clones at this time? I noticed you have mentioned the PCIe interface. A very good start. What other kinds of features do you foresee? (points that set you apart from the other clone makers?)

Given the equipment you are showing, it is very low.

Kudos for answering the "questions" in this thread in a very neutral, yet informative manner.

I have a few others, if you don't mind:
-why use 50 BTC MAGMA PCI extender boxes? Cheaper (way cheaper) solutions exist.
-why use dual CPU motherboards (when a Raspberry Pi would suffice)?
-why with mixed PCI/PCI-E connectors?
-why use PCI-E and not USB?
-where will you source the Spartan 6?
-why only 20 "prototypes"? Avalon chips are cheap and "readily" available.
-why such a low count on the second batch? Even Avalon started with 300.
-given the previous will not fund your R&D, how do you finance the project?
-do you plan a reseller program?
-do you plan an affiliates program?
-do you plan on mining yourselves?
-why?
-why no company information on the website? (business reg., address, etc)

Thank you.

Magic

Avalon use saprtan xc6slx16-2ftg256c what cost 25$ at digikey.

Tlhanks for asking this question.  The only improvements to our Fast-Hash-XX series will to make it scalable to 4 expansion cases and upgradable to our Fast-Hash-XXX series and Fast-Hash-TH series.   

Most of our work is going to be put into our 45nm and 28nm series of machines.

 This is reassuring, and inspires confidence in your project. You will most certainly not see my preorder coming in shortly.

@ KS

Do you know of any cheaper examples?

I have a few others, if you don't mind:
-why use 50 BTC MAGMA PCI extender boxes? Cheaper (way cheaper) solutions exist.

We will be looking for the best extender and the best price.  Specifications are subject to
change.

-why use dual CPU motherboards (when a Raspberry Pi would suffice)?

We are doing a lot more that you know about at this point. (Bigger plans for the system and the bitcoin network)

-why with mixed PCI/PCI-E connectors?

I like what else is on the board.

-why use PCI-E and not USB?

Datacenter compatable

-where will you source the Spartan 6?

Don't know yet.

-why only 20 "prototypes"? Avalon chips are cheap and "readily" available.

This is what we think we can produce by the end of August.

-why such a low count on the second batch? Even Avalon started with 300.

Again, just what we feel we can scale our manufacturing up to.

-given the previous will not fund your R&D, how do you finance the project?

You don't that it will not fund our R&D.

-do you plan a reseller program?

Good idea.

-do you plan an affiliates program?

Another good idea?

-do you plan on mining yourselves?

We have a mining cooperative on bitfunder.com you can check it out here: https://bitfunder.com/asset/AMC (https://bitfunder.com/asset/AMC)
-why?
We like mining too.

-why no company information on the website? (business reg., address, etc)

Had to get ready for Bitcoin 2013, we will be adding to to the Web Site all that information.

We are a Delaware corporation.

I hope i answered you questions, if not PM me or make another post.

Not yet, but I will looking into it.  If someone orders the extender case and we change we will
reduce the price and refund the difference between the retail prices of each box.

We have bigger plans for the CPU.

One other this is that we will be working to modify the case to provide the power requirement required for
the 16 mining cards it the system and the required power cables.

Hey, Ken, How's it going?

Will give you a buzz sometime this week between Dr's appointments.  I'd lke to come down in the next few weeks if I can line up a driver as health issues currently prevent me from driving long distances but there is a vintage car in your area  a buddy wanst to look at also, so I could kill two birds with one stone, as it were.

When I know what my schedule will be I'll call you and we can maybe set up a time for a cuppa and discussion!

And now for the rest of the story..........................

I have no financial interest in VMC or its affiliates, nor do I represent them in any way.  What I do have is over 25 years of real-world business experience and over 10 years of online business experience and know the difference getween a scam and  a good business with great potential; VMC is not a scam and the VMC operation is indeed a good operation with great potential.

Because of the emails and phone conversations I have had with VMC, I am absolutely confident that VMC will produce an effective and affordable product and will do so in a timely and customer-satisfying manner.  When I complete a couple of real-world business deals I intend to order equipment from VMC, so I wll be putting my money where my keyboard is.

At any rate, my considered opinon is that when it comes to doing businness with VMC, you can do business with coinfidence.

My $.02.

Date Registered: May 03, 2013, 10:55:57 PM

 Respectfully, we're going to need a bit more hard evidence than your opinion.

 I'm a big fan of competition in consumer mining devices as much as the next guy. Lets see how this shakes out, but with all the scams floating around, I hope you can appreciate some more solid information will be required before gaining the trust of the community.

 Announcing a 28nm product is a huge red flag given the tremendous monetary requirements to profitably produce such a product at this time.

Yes, come on down and I will take you to lunch at one of my Favorites places, Jimm's Steak House, it used to be a Steak & Ale, Jimm used to be the manager.

I'll sure do my best to make it!

Looking forward to meeting you.

Do I get a discount if I help you find cheaper sources?

http://www.cyclone.com/products/expansion_backplanes/index.php
http://www.cyclone.com/products/expansion_systems/index.php

Yes, I will make you a good deal for your help.  Of course, they are 20% off thru the 21st.

pffff :)

Is there a technical requirement for using PCI-E instead of PCI? (PCI expansion is much much cheaper)

How high are the modules? (you could use PCI -> PCI-E adapters in a 4U chassis and still save wrt Magma - or buy only the backplanes and expansion adapters)

Dell has a very interesting chassis too.

PCIe motherboards with required number of slots are more available.

We are looking into the cyclone's above.

You can easily find PCI boards for 1/4th the price of the MAGMA, including housing. It goes down to about 1/10th if you mix and match PCI and PCI-E and limit yourselves to about 9 slots expansions. There are also 2 and 4 PCI-E expansion boxes that are pretty cheap, but heat venting might be an issue (small boxes). What's the planned TDP for the modules?

If power is an issue and you need to design your own enclosure, you can always source the backplane + adapter only from MAGMA, which is about 40% of the full enclosure price AFAIK. Add about 800USD for a custom enclosure (less if more units) and about 200-300 for a 1500W PSU Gold/Platinum and you're still at 50-60% of the initial MAGMA price.

The Dell option might be useful for a rush order or prototype testing, depending on availability on their end. Nothing to customize, just PnP. I believe that with 3600W you should have enough power ;)