Ken likes to delete posts. These deletions include posts that I feel are entirely relevant and make reasonable assumptions and place fair criticism on the actions of Ken and ACTM/VMC.

@Ken: if you feel this post does not belong in your moderated thread, please state why. Quote whatever portions of it ARE fair, and answer to the criticisms as best as you can. If nothing else, and my post must be removed entirely, at least answer to this:

WHERE ARE THE FINANCIAL REPORTS THAT YOU SELF_IMPOSED AN APRIL 1ST DEADLINE FOR?


simple point: actm has made well over 100BTC mining, starting with 737GH of avalon equipment (avalon units and K16 units) in late 2013. They have probably mined far more. WIth the current turmoil there are no shares to give dividends to, and financial reports were due 22 days ago


lets go through.

shares:  still not available. ken promised these would be in operation long ago, and if you asked even the supporters about it 2-3 months ago they would likely have never dreamed it would take this long. The phrases "next week", "later this week", and "by next month" are common

refunds:  apparently these are mailing out as cheques, rather than bitcoin payments as requested by users (or at least loudly and frequently by magzy).

hashrate:  ken had 737GH of gear running since late 2013. this hashrate has likely made him DOZENS (hundreds?) of bitcoins at no cost to himself and with zero return to investors. even now it is on btcguild seperate from the eligius farm (it should share on the eligius page or have its own eligius address).  He promised 100TH deployed in april and 100TH in May. Its not even 57TH yet and he is adding only about 3-4TH a day on average.

dividends:  None yet. he lost shareholder bitcoins by holding them in mtgox (either terrible money management or a convenient excuse), and there is no sharing at all from the aforementioned 737GH he has been running for about 6 months now, or the more recent 30BTC from hashfast boards. Neither are there any dividends from selling ~$100,000 worth of the hashfast boards on the VMC website.  (again - people should not have stored large sums money on a hot wallet like a virtual exchange meant for playing cards)

yes he is still here, yes he is 'adding' hashrate - but there is no return of the profits to investors and his financial reports are 22 days past due
[/quote]

they now sell 5MH blades - thoughts?

I want to get one but there is not much review of them on the forums recently

I know it was talked about earlier in the thread - but I have not been frequesnt the last few days and am planning to visit my S2 for the first time tomorrow morning.

1) Should I reflash the firmware of the unit AND/OR copy a new version of the SD card?  (I saw an SD image posted a few days ago)

2) I am changing to a 2kW server PSU and want to see what sort of overclocking is available.  How can I change the clocks? I saw several posts indicating that the unit clears the settings at a reboot, so when changing the clocks you have to start/stop the cgminer only.  Can someone post the code for that (using putty SSH and I have experience with S1)

3) overclocking, the hex codes are the same as were listed in the U1 documentation?  https://coinreport.net/overclock-antminer-u1-guide/  is correct?  (the initial clocks are 160-170MHz right? I would be aiming to 212-225MHz to start.

4) overclocking, do the stock fans get fast enough to handle it, or will I need to pull the top off and add a pair of 230mm fans to increase flow? I could run the PSU outside the case to lessen the heat created

Quote from: kslaughter on May 27, 2013, 02:21:51 PM
Quote from: Shasoudas on May 27, 2013, 09:05:56 AM
Would publishing AMC's bitcoin address add transparency since we can see proof of purchase of Avalon chips, etc.

I think it would:  Here is the address we are holding bitcoins at to purchase the chips:  16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP
We would like to purchase a full batch as group purchases have a commission of about 9.5%
----



looking forwards to financial reports, since the movement of ACTM funds is astounding, as well-blurred as anything mtgox ever did. here are some addresses to start the hunt at:

https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa?filter=1     (all the sent funds from the current eligius mining address)
https://blockchain.info/address/16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP  (where most of these funds went, a known account of ken's that was to purchase chips from)
https://blockchain.info/address/1HtoMBUKzRgS5X9WdnwZiQKQccvWBCPGx
https://blockchain.info/address/1LJDfEYvBG18LNXUG6xeSCrs3B4sdBKb1D    (200BTC came here and then was split into 4 50BTC addresses)
https://blockchain.info/address/1MLqgV2E3GRDTXYxpDzGqTnnekuuC8i8GV (1 of said addresses - split into 4 more new addresses)
https://blockchain.info/address/1M9fztr3SKAw6iZjFeiR6V99qtmed6Ro8V  (follow the chain, one address ends here and still holds funds that were put in 3 days ago)
https://blockchain.info/address/1HpDXKMfNd5Z6rUVvk5oEdN2nRbF47D6WY (another address with 98BTC, most of which is split evenly into 4 new addresses TODAY)

who knows which of these are under the control of ACTM or hashfast?  It seems very strange that ken has no financials after the APril 1st deadline, and the funds are dispersed over a HUGE expanse of small addresses, rather than a few large publicly-known addresses for auditing purposes.

^and before anyone says a big single address is a bad idea - it isnt. Bitmain has something like 20,000 bitcoins held in a single address safely. everyone can see bitmain's holdings in a simple transparent way.

constructive power wiring criticism:

1) 14AWG is sufficient for running 1 wire pair to each blade. Many of my own units are wired like that. (with 16AWG i suggest at least 2 wire pairs)

2) there is no need for the 1->3 splitters on your power wiring. It achieves no benfit against simply running the single line to a single screw terminal, and if anything adds more wire length and other craziness that would increase the overall resistance. if the wire fails it will be along the single line, not down any of the 3 branched lines.

all 3 screw terminal holes are linked together so there is no reason why you cant/shouldnt just run the ssingle 14AWG wire to the center screw and forgo the short branched wires

as for the molex fans, my advice:   grab a matching molex branch (1 male to 3 female) and snip the male end. wire it into one of the antminer's screw terminals to feed it. (keep in mind this will add a 10-30w load to whichever antminer blade you do it from, so keep a close eye on the 14AWG wires to that blade that they dont heat up from having to deliver a little bit more current)

sounds like no refunds yet - considering that you have been quite vocal and ken's only response has been some thing bout you asking for a refund too quickly after ordering as some way of justifying that the money was held for months.

is actm/vmc still sitting on 152 packaged boards (70TH+) without adding them to the current 50TH mine?

that would not be a good idea - PSU manufacturers have decades of experience in designing high-efficiency components. if bitmain atempted its own 120/12V regulators it would almost certianly result in efficiency well under 80% (try 60-70%)

still selling these coins, shipped from/within Canada using xpresspost!

if i do another batch of these I will get them in 2ft lengths to make extensions less necessary  (4ft may also be possible but likely require a pre-order or 'on request')

lots of these available still to ship when i gt home from holiday Monday!  (about 65 left)

you think this became a scam BECAUSE lowerjersey decided to quote the OP's massive bolded rant about one more straw before he ditches?

If the OP used his real info and was actually TRYING to be legitimate, why has he not returned to apologize (or give a second chance) or refund the scammed money? Why has noone figured out his real info (who uses bitcoin but has no facebook account?)?

Simple fact: it was a scam from the start. He was going to sell as many shares as he could and pay out dividends as long as it took to reach a maximum number of invested BTC to cover the costs of his private farm, then ditch.   He was called out repeatedly as a scammer using unfeasible promises to the point that no one else wanted to invest (ie: he hit the maximum number of investments) and disappeared as was predicted.

What about an S2 Batch 3?  Or coupons for my recent S2 or S1 orders - which would be nice considering the S2 shipped on April 12th

take photos - Im curious if the mainboard/backplane actually holds much or if it is simply just a PCB with sockets placed in series

for all your smartassery, you chose to get stuck on the word wafer rather than the entire remainder of a simple and clear question. You knew what he meant - wafer was just a mistake choice of words, to which you had no actual answer

didn't/doesn't seem to work.  i get a popup box to login at the ip but after 3 attempts am sent to a 401 page

S2 arrived today and was setup. Using teamviewer remotely (I am away this week and someone else plugged it in for me) I was unable to login to the webUI using root/root OR root/admin.

however, using SSH and root/root I was able to modify the settings     with my pool info, and seem to be hashing away great now.

still cant login to the web UI, is root/admin not correct for batch 2 units?

everyone in B2 shipped later than promised. "before april 10" means that shipping on april 12 is 2 (if not 3) days late

you have zero posting history and apparently want to spend $100,000 on equipment you clearly know almost nothing about. Is it surprising that the general response was "go away and do your research"?   This site used to make you post in a 'newbie' subsection until you had a few weeks and 50 posts on the site - it helped make sure people posted valid questions and not general 'what should i buy" questions in the actual forum threads

You swung from wanting to invest 100K to screaming on the internet that bitcoin is a scam. Thank you, come again

I dont see much point in an 8pin cable - no ASIC hardware uses them, and most GPUs use only 6pin anyhow. The extra 2 pins are both black GND wires and AFAIK the GPUs with 8pin sockets will run fine with only a 6pin cable

not sure which those are. I just know ive had an '8pin ATX to 6pin PCIe' cable burst into flames within 5 minutes of turning on the power supply, and only 200W of load through the connector (which actually had 8 18awg wires). I also cut open a molex->pcie wire that was labelled as 18awg and the inside wire is much thinner than a sewing needle.

These 16AWG wires are good quality, and are fully capable of carrying a high current without heating up or failing