I did a rough calculation that batch one $10K Neptunes have until early May to be delivered to achieve their ROI in bitcoin at current average network difficulty growth.  While I'm not expecting the current average difficulty growth to increase much more and may actually continue easing off.  Unless we get some more dramatic price rises.  Which could push up the network difficulty growth.  So let's hope for price drops until they're delivered and then straight up to $10K per coin  

We're currently planning on putting 85% of turnover after costs into more LTC ASIC's or similar.  With 5% being used on staff salaries and 10% being given to RSM turnover as BTC.

Dude I started RSM to fund-raise for a two GPU's and the market cap went over £100K last summer.  We all start somewhere with bitpay allowing them on their network and an established ASIC manufacture doing all the hardware it looks good  I hope    Who dares wins, without risk there's no reward and remember we're in the game of buying magic money making machines 

Without risk there's no reward, who dare's wins and what do you expect buying magic money making machines 

Cross-post -

http://dexceldesigns.com/news_events.html < That is what has given me confidence to put the deposits down.  That company with a track record of bringing ASIC's from conception to market is handling all the design and manufacture.  While Alpha is just providing all the crypto-coin community support.  Another thing is we paid with bitpay and they're very fussy over who uses their payment network.  Which makes me believe it's not a fraud.  While with an established ASIC manufacturer handling all the design and manufacture leads me to believe they won't fail through incompetence like BFL and HF.

I've not been to Dublin in a while.  Back on topic I'm still butthurt over giving BFL over BTC200 in July 2012.  Although there's not much more I can do on this forum about them any more.  I thought I saw HF pulling the same trick with all the NDA talk.  Although my previous post explains my updated opinion about the three month difference in engineering announcements and the three month difference in producing actual chips.  Anyway back off topic if our current pre-orders do well and especially if BTC hits $10K this year.  Then www.redstarmining.com is planning on a board meeting in Cyprus next winter due to the NEOBEE payment network being set up over there.  That anyone is invited too.  I have a friend at NEOBEE and am hoping on a tour of the bank.  About KNC shilling well RSM isn't putting any more money down on Neptunes and we only made the 15(TH/s) order due to it being batch one and day one with a discount.  I think we'd have to see at least $2K a coin before spending $10K on 3(TH/s)@20nm for Q2 delivery.  Bitcoin mining profit margins are only going to get tighter and tighter.  While it come down electricity costs and Moore's Law over then next year IMO.  That's why we're trying our luck at LTC ASIC's pre-orders currently.

No sweat maybe I'm just tired and being arsey.  As a bitcointalk.org community member I think HF should get all that's thrown at them and I'm trying to help even tho I have no dog in the fight.  Plus my favorite lady friend speaks Italian and her Father is Italian    I've never eat so much pasta and olive oil recently 

KNC ORSoC announcement April 2013 - http://www.orsoc.se/?p=508 - HF Uniquify first announcement over three months later - http://www.uniquify.com/uniquify-hashfast-ink-agreement-to-produce-asics-to-increase-hashing-speed-for-bitcoin-miners/ - First KNC chips in October and first HF chips over three months later.  Now HF aren't delivering like KNC did because they know their brand is toxic so they're mining as much as possible instead of delivering.  While offering full fiat cash refunds even tho most orders would have been in BTC.  No wonder Josh is appearing in this thread.  If he appeared in the KNC one he'd get trolled out by KNC staff.

Losing money hurts and you was just trolling.  I'm not arsed it's a public forum for bitcoin education and my posts were on topic.  I bet my 20nm chips that I bought at $1K/BTC ship before your 28nm chips paid for at <$100/BTC.  Enjoy the thread have a nice evening.


I've already made my comment that after both BFL and HF that I would find it very hard to ever again trust a US crypto-coin ASIC manufacture now.  Just put a wedge down on some Indians whose office is in a ghetto in Manchester UK and I bet they pull through.  After all they only wanted a deposit and their IC design company has thrown their hat in the ring.  So not only is this company of immigrants based in a ghetto at risk of tarnishing their name but an already established company who'll want to be touting for international work after this project has too.  They've left the all the electrical and electronic work to company that already does that and has a track record of doing that.  While they just manage the crypto-coin community.  Unlike BFL and HF or did Uniquify fail to design and manufacture your chips before October.  Or was HF lying and they promised late December?

Dude don't call me a shill I've been on this forum probably since before you even heard of bitcoin and BTW KNC is giving me a good ROI so far.

So why aren't your legal team going for them breaching the contract.  Surely they publicly announced the chips to be finished in Q3 2013.  I'm not trying to take any venom off HF.  Plus like I said I didn't research them thoroughly and was waiting for them to ship before putting any coin down.

So you put your money down on some guy called Simon off the internet instead of ORSoC IC engineering.  Who have a track record of bringing ASIC's from conception to market.  I'm not having a go because I made the same mistake too and got bummed (excuse the language) off BFL 65nm ASIC's.  The only reason BFL got FPGA's to market because a single programer can program them.  Then the program is emulated.  Even I've studied Verilog and VHDL and could do what BFL and HF did.

Who designed BFL and HF ASIC's?  While KNC announced ORSoC IC engineering was building their chips.  Plus ORSoC IC engineering news announcements confirmed this.  A reputable company who had brought ASIC's from conception to market before.  BFL kept everything secrete while HF only announced who was fabricating their chips IIRC.  I didn't follow HF closely and was waiting for them to ship before putting any coin down but I don't remember any engineering partnerships being announced.  Just manufactures and assembly partnerships being announced.  What I mean is KNC already had an IC designing and manufacturing company to push the boat along with companies to manufacture and assemble their ASIC's.  From conception to delivery while KNC handled the bitcoin community and economy side of things.  Although maybe I missed the engineering company partnership by HF.  If they did maybe you should be going after that companies blood too for failure to provide working chips by early October or was that under the NDA?

BFL started shipping day one orders while my pre-order made within two weeks of pre-orders starting wasn't shipped for three months after they first started shipping.  You telling me they wasn't mining with my ASIC before shipping it just like HF probably are.

With hindsight both BFL and HF tried to keep everything as secret as possible.  While KNC was public from the start about the engineering company they was working with.  I now think that is a good indicator before choosing a pre-order company. 

RSM has just put the deposit down for 100(MH/s)@2.4kW of LTC ASIC's for delivery in Q2/Q3.  The move was made abruptly without public discussion because of the oversite that this batch of pre-orders was ending today.  We like the pre-order company because of the deposit only and the fact they announced publicly their engineering partners.  Just like KNC did but unlike BFL who didn't plus failed.  The decision was quickly made by the board who own a majority of shares.  We believe its a good move as it'll be the first LTC ASIC to hit the market and only a 30% deposit was required.  85% of turnover after running costs will be reinvested into more LTC ASIC's, 5% will be used for staff salaries and 10% will be paid to RSM turnover.  A full announcement will be made soon.  

I remember hearing that in 2011 and a lot more often 

Physical and local technical help.  We have an employee to oversee things in Kansas City but he's very busy.

One miner has already been moved to Bitparking pool and a second will be moved over soon.  Leaving us with one on OGnasty's 0% fee P2Pool node.

The chief mining operator has been contacted about moving two Jupiter's to - http://mmpool.bitparking.com/pool - As this is a very small pool but not too small and it'll help us to mine even more alt-coins.  Which is basically money for nothing.  We already have a Jupiter on OGnasty's P2Pool node.  The only thing stopping us moving all three of the Jupiter's to there.  Is that with it being 0% fee we don't get any alt-coins from merge-mining.