SwissMiner, Are you a competitor? I think you are.
.. what you have (in hand) to compete  Yes, I knew you was a competitor, now you posted your offer in my auction. No, I don't have them in hand, just 2 1/2 months away and 8 times faster than yours for $2,000 less. |
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From the current prices on BFL chip coupons ($1 to $2 per chip), I would suggest trading those for something between ($1/100/0.0008 =) 12 to ($2/100/0.0008 =) 25 AMC shares per chip? Thoughts?
Looks good to me. Shall we say 20share/chip? Think this is a good opportunity to raise wider awareness of AMC, and for people who ordinarily would not own shares, to do so. 20 shares per chip in hand would be fair - otherwise if they're credits or arriving soon then it would probably have to be a bit lower, like 10/13 The proper way to do this would be for AMC to buy the credits from you guys. Trading shares is not within the contract terms. Where does it say Ken cant trade them? I didnt read the full description but I found this from the summary "As long as AMC does not sell it's shares below 0.0005 then they may do as they please with their shares. It is their company, their ownership, and their shares." Surely that includes trading? Or is it part of BitFunder agreements preventing trading? Not BitFunder, just the AMC description which I would go by the letter on. I have not had time to read it for this application. We are waiting on some results for our own chip before we would make a decision on BFL chips. |
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... are just pictures of our cases ...
... our future series will have ...
... you will be able ...
... We will be providing ...
 if I read this BS .. I will wet my pants SwissMiner, Are you a competitor? I think you are. |
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From the current prices on BFL chip coupons ($1 to $2 per chip), I would suggest trading those for something between ($1/100/0.0008 =) 12 to ($2/100/0.0008 =) 25 AMC shares per chip? Thoughts?
Looks good to me. Shall we say 20share/chip? Think this is a good opportunity to raise wider awareness of AMC, and for people who ordinarily would not own shares, to do so. 20 shares per chip in hand would be fair - otherwise if they're credits or arriving soon then it would probably have to be a bit lower, like 10/13 The proper way to do this would be for AMC to buy the credits from you guys. Trading shares is not within the contract terms. I am glad you had a chance to read the description for me. I have been busy getting our own chip going. |
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Rack is very nice, but what is the purpose of PC board ?
Please explain the principle of operation.
Does this mean that they will be able to mining some other virtual currency, for example. LTC ...
If you guaranteed to be 80 GH/s and if I'm in the top 50 for delivery 8/31/2013,
with respect to the estimated increase of difficulty,
and any profitability of mining BTC,
my offer is 65 ~ BTC 5000 EUR for one piece.
The units we have on the web site are just pictures of our cases, the Avalon clones only have a controller board, not a motherboard. However, our future series will have a motherboard and you will be able to mine LTC with the CPU on those units. We will be providing a trade in plan for these Avalon clones to allow our customers to upgrade to our expandable series of machines. The machines are guaranteed to do at least 80 GH/s. So we will take you offer of 65 BTC if you are in the top 50. |
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Hi, is there some testing/changes happening at the moment?
19 Team AMC 96.19 GH/s
No testing, maybe a network problem.  ( Right now, We have 2 internet connections and will be adding a third. We will also be setting up some proxies to switch between these connections. |
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I've been doing the math on BFL vs Avalon, and the conclusion I'm always arriving to is that buying from BFL is the better choice right now, as: - we get ~2.15x the amount of hashrate (@$50/100 chips) for the equivalent Avalon price;
- the chance for the network difficulty to double (~2.15x) within the extra month of waiting from delivery is very slim;
- we only need to pay 50% upfront, so we can do a much larger order and get the remaining 50% funds from our hardware that goes online until that time.
@VBS, thanks for doing the math, your expertise is most welcome. |
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Doesn't look like any fees are being charged to us. However, I did change it to 5 BTC to cut down on the number of transactactions.
You know, since there are no tx fees to be paid by us, your initial threshold of BTC1 is a good choice, as that means less BTC "at risk" in the btcguild account in case of hacks/ddos/downtime/etc.  Yes, that is exactly what I was thinking, so I have changed it back to 1 BTC. Also, what is nice is the amount in the bitcoin address will always be within ~1 BTC of the total for the week, giving investor a transparent look into how much we are mining. |
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Hi Ken. I have discount credits for 16 chips from Butterfly Labs. You can have mine for free as I'm a shareholder.
Thanks, That will help. |
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*So 64 cards times 20 GH/s = 1,280 GH/s or 1.28 TH/s
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I won't be posting the png anymore as they take up a lot of space in the thread. Here is the address that AMC uses to withdraw its mining revenue to. Use this address to see how much BTC we have mined. We withdraw from BTCGuild if we get over 1 BTC in the account. http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCaYou should increase the limit, as each of those transactions will incur the 0.0005 network tx fee penalty. Maybe make it ~1 tx/day? At the moment that's a ~ BTC6 threshold. Doesn't look like any fees are being charged to us. However, I did change it to 5 BTC to cut down on the number of transactactions. |
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@LorenzoMoney Great idea.
Just downloaded BFL reference board, so we will be looking at it today.
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I won't be posting the png anymore as they take up a lot of space in the thread. Here is the address that AMC uses to withdraw its mining revenue to. Use this address to see how much BTC we have mined. We withdraw from BTCGuild if we get over 1 BTC in the account. http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa |
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Hi,
I looked the the websites
The Fast-Hash pics on your website seem just like 5-years old servers.
Motherboard, PCI ports, DRAM
DVD player !?
VGA, Serial port, audio jack ??
Few questions about the specs (in your post, or in the website):
- What's the plan to expand with from 20 to 1.28 TH/s with the same unit (but future "modules")
- How do you achieve 4.8TH/s in a box ?
- What is your development plan for the the 45nm and 28nm architectures you list ?
A bit more transparency on your development phases would benefit in gaining trust, rather than vaguely claiming 4.8THs with a potential 28nm. It might be just marketing for your investor part of the business, but like many others you seem to ride on a bit of vapore.
I appreciate your more realistic claims that I've seen the these posts here answering questions. We've learnt more than in all the rest.
Sure, the pictures are from the manufacture of the cases we are going to use. Our prototype is in the process of being build. The estimate on the time to get it completed is three weeks. The Avalon clones we are building do not scale, so we will have a trade in program for our customers to protect their investment in our bitcoin mining equipment. How we plan to scale to 1.28 TH/s is with our own PCIe board which uses that interface for communications. What that does in our system is that it allows up to go from 1 card ~20 GH/s to 64 cards using the main system plus 4 expansion cases. So 64 cards time 20 GH/s = 1,280 GH/s or 1.28 TH/s Now, to do the 4.8 TH/s is a box uses the same set up above, but has our next generation cards in the unit. Each card will be 75 GH/s. These specification are subject to change as we are still working on our 45nm and 28nm chips. The plan for the 45nm and or 28nm chip is to build the card about and an even fast card with the 28nm chip. I hope i have answered your questions, if not feel free to ask here or PM me. |
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@ninjaboon Due to the high front-end cost to manufacture these machines, it is not possible to do escrow. This is why BFL, Avalon, and many others have to do Prepaid Pre-Orders. |
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I'm willing to verify a unit and post results. I have no affiliations; I hate everyone equally.
Anyone who want to come to our manufacturing location at 450 H S. Union in Springfield, Missouri is welcome, just give us a call at 855-One-Bitcoin (663-2482) so we can arrange a time to meet you. Also, just had a meeting last Thursday for the first time with a fellow miner here is Springfield. His forum name is rustyh17, I am sure if you sent him a PM he would tell you that I am a real person. He has offered to help us set up our manufacturing line. |
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I'm willing to verify a unit and post results. I have no affiliations; I hate everyone equally.
I think that someone like John would be ok to receive and review the unit, everybody trusts him, of course, if seller want to do this kind of promotion. Yes, John is the most trust person on the board. However, all the parts and chips will not be here until August. We are working on a very aggressive schedule to get the machines shipped by the end of August. That is the reason for only doing 50 machines. |
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it would be better to use escrow
Yes, you are right, however do you know how much $$ it takes to build 150 machines. |
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Seems a bit fishy to me, would you consider shipping a unit to a established member of the bitcoin community to verify your units? Accepting escrow would go a long way towards trust factor.
We will have the prototype build in about 3 weeks, this is a clone of the Avalon without any changes, so it is already tested. We will be posting pictures of the prototype when we receive it. |
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