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1061  Economy / Auctions / Re: [Auction] 150 Fast-Hash-80's ~90+ GH/s on: June 16, 2013, 08:13:08 PM
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.

Exactly what i was thinking, i'm not trolling or anything, but you, as all us, members of this forum, when we hear "pre-order" or "pre-payment" ...
Where are you located ? How about local pick-up ?

Yes, I understand what everyone thinks.  Springfield Missouri.  Yes you can, still has to be pre- ordered
1062  Economy / Auctions / Re: [Auction] 150 Fast-Hash-80's ~90+ GH/s on: June 16, 2013, 07:29:03 PM
u accept escrow ?

Prepaid Pre-Orders Only
1063  Economy / Auctions / [Auction] 150 Fast-Hash-80's ~90+ GH/s on: June 16, 2013, 06:53:46 PM
[Auction] 150 Fast-Hash-80's ~90+ GH/s

Virtual Mining Corporation (VMC) is auctioning 150 Fast-Hash-80's (Avalon Clones) with 50 to be shipped 8/31/2013

and the remaining 100 to be shipped 9/30/2013.  VMC has retained an Electronic Engineering and Manufacturing Services

firm which has over 20 years experience in PCB/PCA design, prototyping, firmware, software development, manufacturing,
 
packaging, certification, and regulatory compliance testing.  Our prototype will be ready in three weeks.  


Specification Of Machines:

  • Weight 12.3kg
  • Mining Module Type Fast-Hash 20+ GH/s
  • Expandable 20 GH/s To 1.28 TH/s ( We will provide a trade in plan to our upgradable system )
  • Rack Mountable 4U
  • Power Supply ~1500 Watts Gold
  • Bitcoin Mining Modules 4
  • Front Fan 120 mm 5500 RPM
  • Exhaust Fans 2 X 80 mm
  • Switch Key Lock Intrusion Switch
  • Monitor Lights Power Supply, CPU, & RAM
  • Temperature Monitors 3 Included
  • Upgradable No To Fast-Hash-XXX ( We will provide a trade in plan to our upgradable system )
  • Options Mining Modules, Expansion Case, Rack Mount Slides & Key-Lock Front Bezel ( After using our trade in plan )
  • Fast-Hash-XX Version 1
  • Chip Type Avalon 110nm
  • Maximum Chip Speed ~300 MHz
  • Chip Size 110nm
  • Module Interface Avalon
  • Dimensions English 17.5 x 16.9 x 6.9
  • Dimensions Metric 445 x 430 x 176
  • Order Status Prepaid Pre-Order Only
  • Front Panel Controls Power On/Off, System Reset
  • Indicator Power Status
  • Packing Single carton with VMC logo
  • Ports Front USB 2.0 (x2)
  • Disclaimers *The specification and pictures are subject to change without notice.
  • Metal Material SGCC
  • Metal Thickness 1.2mm
  • Plastic Material Type ABS-HB
  • Regulator Compliance FCC Class A Verified, RoHS Compliant, CE Certified, UL Certified
  • Air Filter Removable/Cleanable

*The specification and pictures are subject to change without notice.

All Sales Are Final

RULES OF THE AUCTION

  • Each bid must be posted publicly in this thread.
  • Minimum bid is 60 BTC. There is no reserve price.
  • All subsequent bids must be in minimum BTC 1.0 increments.
  • The auction will end when VMC forum name kslaughter has posted "Gone" in this thread.  There will be a "Going Once" and "Going Twice" before "Gone" is posted.  Once "Gone" is posted no more bids will be accepted.
  • The winning bidders will be announced in this thread after the auction closes.
  • The 50 machines to ship 8/31/2013 will go to the highest bidders first, then the remaining machines to be shipped 9/30/2013 will go to the remaining bidders.
  • If there is any contention about who wins the auction, then VMC will decide and its decision is final.
  • Upon auction conclusion, forum PM will be used to provide a Bitcoin receiving address or wire transfer instructions to the winners, and upon receipt of payment in full,
    you will receive a confirmation email.
  • Receipt of payment must be received within 24 hours from the conclusion of the auction.  (Non-Business days will not count for Wire Transfers)
  • Winners will be announced in this thread.

Winning Bidder Instructions

Send the following information to auction at fast-hash dot com:

Forum Name:
First Name:
Last Name:
Street Address:
City:
State:
Zip Code:
Country:
Shipping type:
Phone Number:
Email Address:
Number Of Machines Won:
Payment amount:
Sending Address:
Type Of Payment: (BTC or Wire Transfer)
TX ID or Wire Transfer Reference Number: *See FAQ for questions.

*** NOTE *** Do not send funds from a Bitcoin address you do not control. You may be required to prove ownership of the sending address upon request.


Terms

  • Full payment including all taxes, tariffs, all duties, shipping and handling fees, etc is required prior to shipment to the final destination, these additional fees must be received within 10 days of notification.
  • Address signing is required for dispute settlement.
  • We assume no responsibility for any issues that may arise due to circumstances outside our control, including but not limited to Avalon failing to ship VMC the chips they have on order, shipment being seized by customs, shipment arriving late, etc.
  • All machines purchased are sold AS IS, with no warranty of any kind.


FAQ:

Emails received regarding questions outlined in this FAQ will be asked to review the information contained herein.

Purchasing:

What is a TX ID?
A transaction(TX) ID is a number that is generated every time coins are moved from one address to another. In order to find the TX ID of your purchase you can right click and select “show transaction details” within the bitcoin-qt software, or go to blockchain.info and enter your payment address.

How do I sign a message?
In order to sign a verification message, you must use a wallet that supports this feature.
To sign a message with bitcoin-qt: click File, Sign Message. Input your sending address and message, and then click sign. The sending address, message, and signature must be included to verify the message.

When including a signed message, please use the following format:

Sending address
-----------------------------
I, (insert name here), bitcointalk.org forum member (insert forum member name here), am purchasing (insert machine amount here) Fast-Hash-80's for (insert BTC price here) from bitcointalk.org forum member kslaughter
-----------------------------
Signature

Can orders be split and/or transferred?
We are not responsible for any splits or transfers negotiated after purchase of the machines, nor will we facilitate any trades.  

Can I pay with (Insert anything other than BTC here)?
BTC and (Wire Transfers 5 or more machines only) are the only accepted form of payment.

Are there any limits on the number of machines I can purchase?
Limit of 20 machines per customer.


Shipping:

How do I pay for shipping?
Final fees, including any and all taxes, tariffs, duties, shipping, handling, etc will be calculated once the machines are ready to ship, customers will be notified and payments will be required to be denominated and paid in BTC.

How quickly will finished units be produced?
We expect to ship the first 50 units by 8/31/2013.

Can you guarantee the machines will ship on the dates above?
It is not possible for us to guarantee something outside of our control; VMC has set an aggressive ship date based on Avalon's published shipping dates.
1064  Bitcoin / Hardware / Re: [Auction] 150 Fast-Hash-80's ~90+ GH/s on: June 16, 2013, 06:04:00 PM
Reserved
1065  Bitcoin / Hardware / [Auction] 150 Fast-Hash-80's ~90+ GH/s on: June 16, 2013, 05:47:01 PM
Virtual Mining Corporation (VMC) is auctioning 150 Fast-Hash-80's (Avalon Clones) with 50 to be shipped 8/31/2013

and the remaining 100 to be shipped 9/30/2013.  VMC has retained an Electronic Engineering and Manufacturing Services

firm which has over 20 years experience in PCB/PCA design, prototyping, firmware, software development, manufacturing,
 
packaging, certification, and regulatory compliance testing.  Our prototype will be ready in three weeks.  


Specification Of Machines:

  • Weight 12.3kg
  • Mining Module Type Fast-Hash 20+ GH/s
  • Expandable 20 GH/s To 1.28 TH/s ( We will provide a trade in plan to our upgradable system )
  • Rack Mountable 4U
  • Power Supply ~1500 Watts Gold
  • Bitcoin Mining Modules 4
  • Front Fan 120 mm 5500 RPM
  • Exhaust Fans 2 X 80 mm
  • Switch Key Lock Intrusion Switch
  • Monitor Lights Power Supply, CPU, & RAM
  • Temperature Monitors 3 Included
  • Upgradable No To Fast-Hash-XXX ( We will provide a trade in plan to our upgradable system )
  • Options Mining Modules, Expansion Case, Rack Mount Slides & Key-Lock Front Bezel ( After using our trade in plan )
  • Fast-Hash-XX Version 1
  • Chip Type Avalon 110nm
  • Maximum Chip Speed ~300 MHz
  • Chip Size 110nm
  • Module Interface Avalon
  • Dimensions English 17.5 x 16.9 x 6.9
  • Dimensions Metric 445 x 430 x 176
  • Order Status Prepaid Pre-Order Only
  • Front Panel Controls Power On/Off, System Reset
  • Indicator Power Status
  • Packing Single carton with VMC logo
  • Ports Front USB 2.0 (x2)
  • Disclaimers *The specification and pictures are subject to change without notice.
  • Metal Material SGCC
  • Metal Thickness 1.2mm
  • Plastic Material Type ABS-HB
  • Regulator Compliance FCC Class A Verified, RoHS Compliant, CE Certified, UL Certified
  • Air Filter Removable/Cleanable

*The specification and pictures are subject to change without notice.

All Sales Are Final

RULES OF THE AUCTION

  • Each bid must be posted publicly in this thread.
  • Minimum bid is 60 BTC. There is no reserve price.
  • All subsequent bids must be in minimum BTC 1.0 increments.
  • The auction will end when VMC forum name kslaughter has posted "Gone" in this thread.  There will be a "Going Once" and "Going Twice" before "Gone" is posted.  Once "Gone" is posted no more bids will be accepted.
  • The winning bidders will be announced in this thread after the auction closes.
  • The 50 machines to ship 8/31/2013 will go to the highest bidders first, then the remaining machines to be shipped 9/30/2013 will go to the remaining bidders.
  • If there is any contention about who wins the auction, then VMC will decide and its decision is final.
  • Upon auction conclusion, forum PM will be used to provide a Bitcoin receiving address or wire transfer instructions to the winners, and upon receipt of payment in full,
    you will receive a confirmation email.
  • Receipt of payment must be received within 24 hours from the conclusion of the auction.  (Non-Business days will not count for Wire Transfers)
  • Winners will be announced in this thread.

Winning Bidder Instructions

Send the following information to auction at fast-hash dot com:

Forum Name:
First Name:
Last Name:
Street Address:
City:
State:
Zip Code:
Country:
Shipping type:
Phone Number:
Email Address:
Number Of Machines Won:
Payment amount:
Sending Address:
Type Of Payment: (BTC or Wire Transfer)
TX ID or Wire Transfer Reference Number: *See FAQ for questions.

*** NOTE *** Do not send funds from a Bitcoin address you do not control. You may be required to prove ownership of the sending address upon request.


Terms

  • Full payment including all taxes, tariffs, all duties, shipping and handling fees, etc is required prior to shipment to the final destination, these additional fees must be received within 10 days of notification.
  • Address signing is required for dispute settlement.
  • We assume no responsibility for any issues that may arise due to circumstances outside our control, including but not limited to Avalon failing to ship VMC the chips they have on order, shipment being seized by customs, shipment arriving late, etc.
  • All machines purchased are sold AS IS, with no warranty of any kind.


FAQ:

Emails received regarding questions outlined in this FAQ will be asked to review the information contained herein.

Purchasing:

What is a TX ID?
A transaction(TX) ID is a number that is generated every time coins are moved from one address to another. In order to find the TX ID of your purchase you can right click and select “show transaction details” within the bitcoin-qt software, or go to blockchain.info and enter your payment address.

How do I sign a message?
In order to sign a verification message, you must use a wallet that supports this feature.
To sign a message with bitcoin-qt: click File, Sign Message. Input your sending address and message, and then click sign. The sending address, message, and signature must be included to verify the message.

When including a signed message, please use the following format:

Sending address
-----------------------------
I, (insert name here), bitcointalk.org forum member (insert forum member name here), am purchasing (insert machine amount here) Fast-Hash-80's for (insert BTC price here) from bitcointalk.org forum member kslaughter
-----------------------------
Signature

Can orders be split and/or transferred?
We are not responsible for any splits or transfers negotiated after purchase of the machines, nor will we facilitate any trades.  

Can I pay with (Insert anything other than BTC here)?
BTC and (Wire Transfers 5 or more machines only) are the only accepted form of payment.

Are there any limits on the number of machines I can purchase?
Limit of 20 machines per customer.


Shipping:

How do I pay for shipping?
Final fees, including any and all taxes, tariffs, duties, shipping, handling, etc will be calculated once the machines are ready to ship, customers will be notified and payments will be required to be denominated and paid in BTC.

How quickly will finished units be produced?
We expect to ship the first 50 units by 8/31/2013.

Can you guarantee the machines will ship on the dates above?
It is not possible for us to guarantee something outside of our control; VMC has set an aggressive ship date based on Avalon's published shipping dates.

1066  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 16, 2013, 05:18:04 PM
We will sell them from time to time and add it to the Bitcoins to be used for
dividends.
1067  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 16, 2013, 11:33:33 AM
Avalon Earning Report:

1068  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 16, 2013, 03:54:04 AM
Ken,

Maybe you should look into acquiring chip credits from BFL - could be a good way to get a large amount of chips at a discount:

https://forums.butterflylabs.com/announcements/3272-customer-appreciation-chip-credit-program.html


Yes, I have received a PM from a person with a large chip credit.  He said they are coming out with a reference board, so I will be looking in to that.
1069  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 15, 2013, 11:12:15 PM
There was mentioning of possibly moving to another pool earlier, any news on that? I've looked at this table:
https://en.bitcoin.it/wiki/Comparison_of_mining_pools

It seems there are some better alternatives with lower fees and merged mining (no stratum on btcguild). Judging from that comparison Slush, Bitminter, P2Pool (allows to merge mine at will) and PolMine seem to be viable candidates.


Yes, it would be nice to lower the fees, every little bit helps.  BTCGuild is nice right now so that everyone can see what we are doing and they just turned on merged mining on stratum.  The best would be P2Pool with its 0 fee, however that would not be very transparent to investors.  It also takes some extra work to get that set up for the Avalon's.  A little note is that we have been very lucky these first 8 days of mining and personalty found 4 blocks.  I am sure we won't be that lucky every week or we would be solo mining very quickly.

ID: 211435

1070  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 15, 2013, 06:08:05 PM
Yes, you are right again they are at 110nm going to 65nm.  AMC is going to 28nm
Yes, AMC gets 10% and does not have all the cost of manufacturing, all profit and by the way that is twice the normal royalty of 5% for things like this.
Asicminer can afford to build at any node they want.  Unlike you, Friedcat probably understands the silicon roadmap well enough to understand why 28 nm is a foolish target.
Show us your great expertise Ken.  Give us a discussion of the merits of 28 nm vs. 65 nm.  As a hint here are some key topics.
Die Size
Power consumption
Yield
Mask Costs
Availability of Wafer starts
Cost of wafer starts
Clock rate
I am glad you love Friedcat, does he have his own thread?
Ken;
I think you are being a little misleading so I want to clarify your post.   You stated that you JUST retained an engineering firm and you will have a WORKING PROTOTYPE in three weeks.    Are you talking about a board for your avalon chips or this 28nm you keep referencing?


A working prototype of our Fast-Hash-80 machine.  We are still working on the 28nm chip.
1071  Bitcoin / Hardware / Re: [AVALON] - I got my ASIC Thread (Batch #2) on: June 15, 2013, 05:21:49 PM
and there is some email when they send it?


Yes, they sent an email.
1072  Bitcoin / Hardware / Re: [AVALON] - I got my ASIC Thread (Batch #2) on: June 15, 2013, 04:34:44 PM
I got it today. Black unit, 3 modules.

#16xx

Order: Feb 18.
Shipping Info: Jun 10.
Delivered: Jun 12.
China

All time in GMT+8

can u tell us what your account page says for status since delivery?

mine says "processing".  Sad

It says "Completed" after it is shipped.
1073  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 15, 2013, 03:14:20 PM
Hey Ken, not sure if it's of any use to you, but someone is selling 4 Avalon chips here: https://bitcointalk.org/index.php?topic=234911.0;topicseen

Just in case you might need them to test your boards.

Thanks TAT, I could use a few more, just received 30 sample chips yesterday.
1074  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 15, 2013, 01:04:05 AM

Yes, you are right again they are at 110nm going to 65nm.  AMC is going to 28nm

Yes, AMC gets 10% and does not have all the cost of manufacturing, all profit and by the way that is twice the normal royalty of 5% for things like this.


Asicminer can afford to build at any node they want.  Unlike you, Friedcat probably understands the silicon roadmap well enough to understand why 28 nm is a foolish target.

Show us your great expertise Ken.  Give us a discussion of the merits of 28 nm vs. 65 nm.  As a hint here are some key topics.

Die Size
Power consumption
Yield
Mask Costs
Availability of Wafer starts
Cost of wafer starts
Clock rate


I am glad you love Friedcat, does he have his own thread?
1075  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 14, 2013, 11:35:59 PM
Here is AMC's Ranking on BTCGuild ID: 211435


1076  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 14, 2013, 10:48:13 PM
ASICminer has 400,000 shares outstanding. AMC will issue up to 100,000,000 shares in total or 250 times as many shares as ASICminer.

Currently, ASIC miner shares are approaching 3 BTC while AMC is hovering around 0.0008 BTC per share or just 1/3,750th the price of one ASICminer share. Taking ONLY these numbers into consideration, AMC is undervalued by a factor of 15 times measured very simplistically against ASICminer.

How is that even remotely relevant ? I could say the same : ASICMINER is undervalued at 3BTC being the biggest miner on the market and delivering the biggest dividends of the market.

You can say that, however you didn't even put any facts behind your statement, at least canuck had some reasoning and facts behind his statement.
Here you have, I highlighted the facts behind my statement.

By the way, I respect your work and here is the current list of top AMC shares' owners :
20,000,000
15,009,057
----------
616,416
320,989
214,984
200,000
186,653
149,919
147,971
106,091
104,475
100,273

I'm part of this list, and I bought at 0.0005 before Ukyo forced you to sell all 5M. I wouldn't own so many shares if I wasn't thinking 1. you're smart enough to succeed 2. you'll succeed. Don't be so touchy. I was pointing out that comparing the value of 1 share out of 40M shares to the value of 1 share out of 400K shares to come to the conclusion that both of them should be worth the same - otherwise one of them is undervalued - makes no sense and is no relevant at all. You certainly get that.
AMC is undervalued. Doesn't mean splitting X by 40M == splitting X by 40K.

Yes, It has been a long week, I am a little tired.

Here is some good news, we have just retained an Electronic Engineering Services firm.

We will have our first prototype of our Fast-Hash-XX series within the next three weeks.
1077  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 14, 2013, 10:06:32 PM
ASICminer has 400,000 shares outstanding. AMC will issue up to 100,000,000 shares in total or 250 times as many shares as ASICminer.

Currently, ASIC miner shares are approaching 3 BTC while AMC is hovering around 0.0008 BTC per share or just 1/3,750th the price of one ASICminer share. Taking ONLY these numbers into consideration, AMC is undervalued by a factor of 15 times measured very simplistically against ASICminer.

How is that even remotely relevant ? I could say the same : ASICMINER is undervalued at 3BTC being the biggest miner on the market and delivering the biggest dividends of the market.

You can say that, however you didn't even put any facts behind your statement, at least canuck had some reasoning and facts behind his statement.
1078  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 14, 2013, 10:02:24 PM
Quote
Asicminer has ~25% of the network hashrate today.  This includes facilities with 100s of kW to power all those systems.

You are right ~25% TODAY!  As soon as we need the facilities we will have no problem housing our equipment in a facility with ample power.  One question are Asicminer facilities underground?

Quote
AMC has 3 Avalons generating less than 1/1000 of the network hashrate

Again, your're right, TODAY!  Maybe not so right next week, or next month.

Quote
Asicminer is a first mover in building silicon for bitcoin

Yes, you are right again they are at 110nm going to 65nm.  AMC is going to 28nm

Quote
AMC will be years behind if they deliver anything at all.  Ken has less competency in the area than BFL does.

AMC has already delivered and I have hired two engineering firms, one for our chip design and one for our board design.

Quote
Asicminer holds 100% of the rights to equipment sales

Yes, I guess they do, producing those great 10 GH/s errupter boards.

Quote
AMC has no rights to equipment sales if they ever materialize as Ken has gifted them to his wholly owned company for a tiny royalty

Yes, AMC gets 10% and does not have all the cost of manufacturing, all profit and by the way that is twice the normal royalty of 5% for things like this.
Also, AMC gets a number of machines at Manufacturers Cost, that is a really tiny benefit.

Quote
Asicminer has earned the trust of the community

Yes, they have and they where called scammers at first.

Quote
AMC spams blatantly misleading press releases like a penny stock operator

AMC likes to keep the Investors informed.
1079  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 14, 2013, 09:34:42 PM
First Week Earning Report

1080  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 14, 2013, 07:20:38 PM
With AMC issuing 40mil shares, is there any way that it'll ever see the kinds of dividends that ASICminer is putting out just now? I mean, there would need to be a ton of mining going on, right?

Please excuse my clumsiness here. I'm on my phone.

ASICminer has 400,000 shares outstanding. AMC will issue up to 100,000,000 shares in total or 250 times as many shares as ASICminer.

Currently, ASIC miner shares are approaching 3 BTC while AMC is hovering around 0.0008 BTC per share or just 1/3,750th the price of one ASICminer share. Taking ONLY these numbers into consideration, AMC is undervalued by a factor of 15 times measured very simplistically against ASICminer.

Now that said, AMC only has the three avalons hashing and everything else is as yet, simply theory. Will AMC manage to build all the machines they desire to build? Will Avalon deliver on the chip orders. Will AMCs technology even work?  Who knows for sure. We can only do the best we can with the information we have and Ken does seem to be getting better at investor relations though it would be nice if he rose above the need he feels sometimes for retaliatory and emotional responses to critics. Smiley

Yes, I am trying and I think I have rose above the retailiatory and emotional responses.  I think you are right, I think it is undervalued by aleast 15 times.
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