Hello everyone. I just read in the S3 thread about this venture having issue and I see that there a lot of pages to fill in. Someone please tell me the TL;DR version. Chip specs are good or not? What went wrong?
Nobody knows, and Alpha-T aren't telling anybody anything except "soon". There hasen't been a real update from Alpha-T in 2 months. They are also unlawfully denying refunds and giving bogus excuses. Company directors are being removed from the team page, and the father and brother are now claiming they have no official roll in the company... If you post a question on their forums that they don't like (even if it's polite and well worded), they ban you permanently (by IP and username, so you can't even read the forums).
It's starting to look, very clearly, like the Akram family is trying to leave Mohammed Mubasher Akram (Alpha-T's Managing Director and Operations Manager) out to hang for this. Bankruptcy being right around the corner seems like a distinct possibility. So another mining operation funded with others people money... |
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You are an investor in Liquidbits, so you know very well that you are only addressing a portion of the assets that will be sold.
I am constrained by confidentiality agreements so I am unable to make it clear to people how stunningly disingenuous you are being.
Spot on! BFL's spirit will never die! |
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Hee is the link for reflashing
Is for Neptune
Nothing on the website. Why not e-mail them? |
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How I can access knc miner Jupiter or Neptune
If put wrong password
How i can reset the passorword??
Was a new thread really needed? I think you need to reflash the SD card so you can have the default credentials. |
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Hi Marco,
what do you mean with the minimum power consumption at 50kW?
does this mean you'll only consider customers using 50kW and above?
if yes, why not cater for smaller mining operations like a couple SP30's etc..
It's a definitely yes. Hydro66 have the same limit. I'm wondering if this is just a reselling scheme or an actual new DC. |
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Also if I HAD to mine, I would go with cloud mining. It gets hot in the summer and my electricity bill goes through the roof, and these things can easily burn down your entire house when you are gone.
I have to agree with william on this one, its pretty scary during the summer. In terms of electricity bill also insane, not to mention the risk of power failiures/surges etc. I would personaly definetly just buy BTC, since 40k is long term investment anyways, and in year or so, bitcoin reward is halving, so im guessing you could make a decent profit out of that. We already have this covered. Check out this thread about colocation offers: https://bitcointalk.org/index.php?topic=622998.0I am recommending you Advania DC. (16-21 degrees C intake air  ) |
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Hello everyone. I just read in the S3 thread about this venture having issue and I see that there a lot of pages to fill in. Someone please tell me the TL;DR version. Chip specs are good or not? What went wrong?
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[...] I am not aware of any new chips coming online between August and December. [...] AM Gen4 @ 28nm, Bitfury @ 28nm, KnC might actually get some yield on their 20nm, and Bitmain's just starting to dump 28nm on the market and we all know how they handle business. This party ain't over yet. True, but considering the big lead time for KnC's chips I'm not worried so much about them, as for Bitfury I'm expecting them to just upgrade the gen1 chips which levels a bit their contribution to the network. I see Bitmain as the main contributor(except SP-Tech ofc  ) and for AM I will remain reserved until they release the gen4 specs and actually see them in action. |
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Your estimates are way off. Just took the biggest number and added up they give me 54PH/s. Doesn't it seems a bit too much considering that from June until now the network grew only with ~40PH/s? Even the minimum numbers are a bit off. 25PH/s is 60% of the 40PH deployed in the last months. It's more than all other manufacturers combined!
Considering that KnC launched the Neptunes and Bitfury is working on 3 DC (Georgia, Iceland and Finland) I really think that the numbers are just pure imagination.
54PH sold does not mean 54PH is added to the network. It could take weeks before chips start hashing. (longer if you are xbtec) Also 40PH is way off. Network was 80PH on june1 and is now 140PH. I think we should use as reference for the network speed only the last difficulty adjustment because the "live" hashrate of 140PH isn't actually accurate and it includes the variance in it. At the moment of this post the "live" network speed is at 133PH which proves my point. It may take weeks before chips start hashing, but it will also take months before AM sells their 100PH worth of chips. yea right, competitors doesnt lie. they're all hanging around hands in hands.
even if not from chip sales, divs will come with franchisees plugging in.
anyho, i'll keep my underpromise/overdeliver.
best of luck.
Last time I've heard the "underpromise/overdeliver" was coming from KnC and they failed badly. They are still behind shipping Batch 1 units.
some of you people forgetting that even if it is the case that the sales are not optimal (not proven), that the chips will go to self mining instead...
That train has sailed as AM doesn't have the money and the deployment capabilities to deploy a big scale self mining operation. FC could do it right as soon as he had chips in hand, but he didn't do it. |
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Hello everyone
I was mining BTC for sometime and now im looking at alt coins. I was just wondering whats the best GPU to use for alt coins.
and yes i know about the hashrate wiki but there's new cards out that arent listed on there.
Please let me know.
You need to read here about altcoins mining: https://bitcointalk.org/index.php?board=160.0 |
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zzzzz
after 5 months delay... still waiting for a working unit.
But RedBull is thriving off AMT! |
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The average difficulty for the past 3 months was 14% instead of 15% so I guess you were right.
Why didn't you just say his estimations were off by 1% instead of dismissing it as "simply unreal"? As previously stated I think that a higher rise of difficulty is pretty normal for the past 3 months considering there were many manufacturers waiting for new chips. I am not aware of any new chips coming online between August and December. Also please note that my statement says "nonstop" and we are only measuring the first 3 months right now. Let's see how the numbers will be at the 6 months mark. And being off by 1% in favor of my statement is much better than being off by 90% which were AM's estimates of chips sold by now. I still find my estimation to be spot on. You can't say the same thing about your dividends estimations. I will refrain from making any assumption regarding the difficulty because nobody knows what hashing power will be deployed in the future and i don't want to influence people by telling them that difficulty will be X or Y. Everyone should make take their own decision based on what they find fitted for themselves, but i will only say that a nonstop grow of 15%-20% is unsustainable. If you think that it's not worth buying miners then there are many more like you which means that difficulty will grow at a slower rate than 15%-20%. For me it's simple. I will just give you an example. At 100 billion difficulty and 500$ per BTC having 100TH which consumes 100kW would make you around 3k$ per month that's not taking into consideration the cooling that you will need. Also deploying 100 TH means investing A LOT of money. Who would invest A LOT of money just to make a couple thousand per month? Actually if we take into consideration the cooling i think that you are already in the negative values which means the big growth will stop or slow down very much.
Not sure what's the wrong assumption here. Hope that helps. I still don't see what's wrong there. I'm stating that at an exchange rate of 500$/BTC and 100 bil difficulty and having 1W/GH miners there won't be any incentive for new miners to join mining which translates into a stop of the difficulty rise. You don't agree with this statement? Also how about you show me the context of that prediction? I think it was before specs were released because the specs definitely change the prediction. Also the market price of the time of the prediction matters and also the time of the actual price announcement matters. So don't be a journalist which pulls things out of context to give things a different meaning.
Nope it was after specs were released. Ok after specs, but what was the market $/Gh back then? I can't remember when did FC announced the pricing. Any help? It was after specs and chip pricing. Just before making that prediction you said: I wasn't talking about chips pricing. I was asking you when we had the first full system miner price. Because I made my prediction when the market price was under 2$/GH. If the market price was less than 1.5$/GH when AM finally had some full system miners online then my prediction needs adjustment to 1.5$/GH-2$/GH. My prediction was that AM full miners will cost a bit more than the current $/GH when they were available. But yes I was wrong about it because AM decided they need to use a dumping price in order to get rid of the inefficient chips, but this shouldn't make any AM shareholder happy. @frisco Noted! Will try to limit it, but I need to think of something else instead of the SP30 because the waiting is so damn hard especially until we see some live hashing. |
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Chips there and production already started? It's 6:30pm (correct?) so hopefully orders shall be rolling out.
Give them 1-2 days to get a prototype running then they will start mass production. |
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Here are a few from your "group buy". Please don't troll this thread. Thinking that the difficulty will raise nonstop with 15% is simply unreal and it's bad intended.
Let's see what happened around the time of my prediction and afterwards: Apr 17 2014 6,978,842,650 14.04%
Apr 29 2014 8,000,872,136 14.64%
14% average increase. May 24 2014 10,455,720,138 18.10%
May 12 2014 8,853,416,309 10.66% 14% average increase June had a 17% average increase and first July increase was 3% and the next one is projected to be ~10-12% which will make the average increase only 7%. From my point of view I was right with the diff prediction. Not taking into consideration that the summer was a "hot" one with many vendors releasing new miners (Bitmain, KnC, SP-Tech and AM). Autumn and winter (after the SP30 arrives) will bring us more stagnation I think. I may be wrong here, but I don't think there will be many vendors releasing new miners/chips after SP30 until winter! Mark my words. I will refrain from making any assumption regarding the difficulty because nobody knows what hashing power will be deployed in the future and i don't want to influence people by telling them that difficulty will be X or Y. Everyone should make take their own decision based on what they find fitted for themselves, but i will only say that a nonstop grow of 15%-20% is unsustainable. If you think that it's not worth buying miners then there are many more like you which means that difficulty will grow at a slower rate than 15%-20%. For me it's simple. I will just give you an example. At 100 billion difficulty and 500$ per BTC having 100TH which consumes 100kW would make you around 3k$ per month that's not taking into consideration the cooling that you will need. Also deploying 100 TH means investing A LOT of money. Who would invest A LOT of money just to make a couple thousand per month? Actually if we take into consideration the cooling i think that you are already in the negative values which means the big growth will stop or slow down very much.
Not sure what's the wrong assumption here. Also how about you show me the context of that prediction? I think it was before specs were released because the specs definitely change the prediction. Also the market price of the time of the prediction matters and also the time of the actual price announcement matters. So don't be a journalist which pulls things out of context to give things a different meaning.
Nope it was after specs were released. Ok after specs, but what was the market $/Gh back then? I can't remember when did FC announced the pricing. Any help? Around 8million units are needed just for the mainstream server/switch/san production a year.
or around 22 000 servergrade psu's a day just for mainstream servers, no clear numbers for other industrial applications or whitelabel servers.
So yeah, must be soooo hard for them to have to produce another few thousand for spondoolies...
Production capacity availability are 2 different things! Nobody said they can't produce a few thousand PSUs for SP-Tech, but the timing is critical. Look at TSCM. They have the biggest production capacity when it comes to chips, but yet the availability is their biggest kept secret and people pay a premium to have chips delivered faster. |
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what type of chip you are using? It is hard to believe 6TH only at 2.2kw. even the latest 20nm ASIC by KnC has 3THS at 2.1kw.
They are not using any chip because the product doesn't exist. |
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Why? Did they secure 3 months worth of components for the sp10s?
I don't know how many months they secured, but I prefer having them secured and paid than to take the risk of not having the components available when needed for various reasons. I think you are underestimating the production capacity of PSU manufacturers.
I don't think it's very economically viable for the PSU manufacturers to keep thousands or tens of thousands of PSU in their warehouses waiting for big clients to buy them. I think it's more reasonable to sell them in advance or as fast as possible. Must I find all the absurd predictions you have made?
I remember "I predict the whole miner/system (AM) will be well over 2$/GH".
All? You gave one. Please show me all the absurd predictions that I made. Also how about you show me the context of that prediction? I think it was before specs were released because the specs definitely change the prediction. Also the market price of the time of the prediction matters and also the time of the actual price announcement matters. So don't be a journalist which pulls things out of context to give things a different meaning. to interject when is gen 3 coming out?
Winter! |
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Lightning asic was only reselling hashratio machines AFAIK.
Here are my estimates:
BTCgarden 3PH-5PH sales + 2PH self mining
Hashratio 1-5PH sales + 10-20PH self mining
Lightning asic 1-2PH self mining
Rockminer 2-3PH sales + 1-2PH self mining
xbtec 2-10PH self mining (Can't really go off their own numbers since they seem somewhat bad at estimations but they are deploying HW apparently)
Edentech ~1PH
AM mine 2-4PH (could be franchising/mining 20+ PH if they found a location with cheap electricity)
Your estimates are way off. Just took the biggest number and added up they give me 54PH/s. Doesn't it seems a bit too much considering that from June until now the network grew only with ~40PH/s? Even the minimum numbers are a bit off. 25PH/s is 60% of the 40PH deployed in the last months. It's more than all other manufacturers combined! Even if they added 54PH/s they are far from their 100PH/s estimates in 2 months and still no dividends! Considering that KnC launched the Neptunes and Bitfury is working on 3 DC (Georgia, Iceland and Finland) I really think that the numbers are just pure imagination. How about we ask FC how many PH he sold in the last 2 months for a better answer? |
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Awesome watt/ghash, hopefully it turns out to be true..
Just don't send any money! |
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I hope Ken gets destroyed by these people.
He won't and I have a feeling he is very familiar with these type of investigations/hearings. As long as prison is out of discussion or private belongings are safe the this is all very useless. He will rinse and repeat. |
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Do you need to buy pcbs, components, and server psus months in advance? I'm sure they are a few other components that have long lead times but I really doubt the majority do.
As a customer I prefer them to secure the components in advance than to take the risk to buy them from stock when they could be unavailable. How can that be? Server psus are probably one of the most common parts they are using.
Do you really think you can buy >2k PSU off the shelf with immediate delivery? Why are you underestimating the sales force of the PSU manufacturers? I'd love it if spondoolies would let us know exactly how much they spent on NRE. Doubt it would be nearly as expensive as some expect.
Many AM shareholders would like some answers to their questions, but it seems that FC is late in delivering them and sometimes he is giving general answers to specific questions. The difference is that once those companies were fully funded, they stopped taking preorders (besides KFC/BFL/SPtech).
That's why gen3 will have a no pre-order model. "Fully funded" is a subjective term and if you consider it so it doesn't mean it's actually viable. So you're basically admitting that they are milking their customers just so they can have their gen3 faster?
Seems legit.
If only AM had taken preorders for their gen3. Sure the specs would have been way off and every customer would have been fucked but they would probably already have gen4 by now.
If AM had taken preorders for gen3 they wouldn't have any customer for their gen4. How are those 100PH/s in 2-3 months looking now? How many are deployed by now? I would say a maximum of 10% How can you possibly know what the competition will be like in 2 months?
Or are you just completely guessing based on what is currently available?
After more than 1 year in the ASIC scene you should have at least some sort of educated guess. But as previously stated you are very very bad at predicting and acting for the future. |
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