"OK, guys, set it next to the old wooden crates..."

No, because each of the miners at Eligius is hashing at 24.5 TH. Unless that mining operation in the article bought Fast-Hash Platinum One fully-loaded units.

It is ActM (or Ken "secretly mining on his own" as some suggest - I don't think that, BTW) - there isn't any other explanation for it. It is likely not a customer because they are limited to two base-stations per customer - the operation on Eligius requires 10 base stations.

Seriously, this convo about the shares is about as boring as all fuck. Lets do more speculation.

I know they are not single units but there isn't any reasonable explanation for the consistent and repeated 25 TH increments... such increments can only bring to mind the maxed-out Platinums from VMC. There is a base unit with up to six expansion units. So, Each 24.567 TH unit consists of a Base + 6 expansion units. So, they do function as whole units, which would make sense that the hash rate is jumping up and down by 25 TH exactly each time. Otherwise we would see dips of 3 TH and then maybe 12 TH or 6.8 TH, etc. You can't run the expansion units alone, you need the base unit. There were only two base units allowed per customer, so the only way this could be someone else is if multiple customers joined together through separate purchases.

If Ken wanted to "secretly" establish our mining operation and switched to a different pool (i.e., Eligius with no fees) he may have created a different payout address to be revealed at a later date.

Ukyo shut down the damn trading site, how could he liquidate his shares? That is his damn fault for scamming everyone to come over to his exchange. I can't even get my bitcoin off there. He was using other people's bitcoin to buy shares on his exchange.

Doesn't really answer why hash increments of 25 TH. That really only fits with ActM. Its not likely to see such even fluctuations with a bunch of 2-3 TH miners. They also already had 20 TH - this operation started out with 9 TH.

You can ship them their product on the next batch. Shareholders are the first customers as we don't have any ownership in the company.

Why would we ship other people product before adding to our hashing power? Makes no sense. If these are VMC miners they are hashing for ActM. Bargraphics wouldn't tell us honestly if it was ActM because everyone wants to get cheap shares.

If this is Ken it looks like he had about 9 TH running prior to Dec. 24th. The BTCGuild account is still up but haven't tried to calculate the hashrate. The 9 TH could have been from the sample chips in early-mid Nov. There are basically 10 25 TH miners and a 9 TH something. We know they are divided into 25 TH each because they come up and go down by that hash rate.

I think Ken wanted to launch a sneak attack and catch competitors by surprise, whether that is a worthwhile goal has been questioned by some in this thread. But regardless, it makes sense to me, any information you don't have to provide to competitors, don't provide it. If a competitor knew that they were going to lose a significant percentage of their hash rate months in advance, they could sooner adjust plans to compensate.

That is possible...they last about 10 minutes each.

I'm not sure that one could use this much power from a residential line. I imagine this much power would require some specialized industrial arrangement. You are talking about 200,000 Watts with a setup like this.

People will pay whatever bitcoins are worth.

Two of the 25 TH miners went down. Must be having some hardware/software difficulties or power-draw issues. Each one is drawing about 20,000 Watts. The whole system went down and then only 200 TH returned + the initial 9 TH. No other miner on Eligius is having these issues even though they are bringing new miners on over the last few days. That means that whoever is managing this operation is still working-out kinks in their miners, which would generally not be the case with final products from a manufacturer who was shipping consumer units. You can see in the chart below all of the power issues each time there is a power draw increase - as if the breaker is tripping. But there are also other minor "failures" throughout which are not systemic, which likely implies hardware/software issues or even miners on different breakers. But if they were on different breakers, this wouldn't explain why the entire system would go down.



The large down-time on the 28th was an Eligius-wide issue, not isolated to this miner.

Not sure, but if you notice that everytime new hashing power is added to that account, the entire hash rate drops like a stone. As if the miners are shutting down - e.g., a tripped breaker. May not have enough amps on the receptacle wherever they are being hosted.

They need 8 fully-loaded Platinum One miners.

Exactly what I thought. There is no way to know when that picture was taken or the context Ken was commenting in. It could have been like a caption speaking of a past event.


Steve Jobs and Wozniak working on the Apple I

Edit: Crumbs pointed-out that the picture is electronically dated.

Looks like even more hashing power is coming on-line at Eligius... at least another 25 TH.

He may be waiting for the mainline batch of chips with which to fulfill the orders made by customers who are not ActM, which he could have potentially had modified for whatever reason - intellihash or whatever. I'm not saying he is lying, just that he isn't giving all the details. He may also not be mining for himself but just trying to keep a lid on the fact that he has things up and running to some extent. If it was me, and I was going to try to gain a huge percentage of the network, I wouldn't want anyone else to know in advance but only after I had to reveal it. The later others knew, the better. Or Ken could have been a customer to VMC, purchasing the first batch of units from there. I don't know. But this recent hashing power boost has come within the last week alone - i.e., it wasn't present in Nov. or prior to Dec. 20-something. It started out hashing at around 9 TH.

I can say "Hey, the chips are going to be late." That doesn't mean that I don't already have chips, it could just mean that a certain batch of chips are going to be late, or a whole host of different things. If your wife asks, "Did you take the trash out?" You may say you did, but not in the same way that she thought. Maybe you just took it out of the house and piled it under the deck cause you didn't get it out in time for collection, but technically speaking, you "took it out" (i.e., carried it outside). But she is asking whether you took it out to the curb in time for collection.

I'm just speculating... I find it strange that someone is adding hashing power in increments perfectly divisible by 25 TH every couple days. Yeah, it could be 150 KNC miners or HashFast or CoinTerra miners, that just coincidentally are being added to the network in increments that suggest ActM Platinum miner's 24.5 TH spec.

You don't really know what he has and what he doesn't, whether he got an initial batch of sample chips or not. In early November, he stated he was going to be adding about 3 TH or more over the following weeks. That could have been from sample chips.

He could be referring to the boards and chips that are going to customers other than ActM.