Agreed. It's not ActM, but iCEDRILL that is imploding! The 300,00 wall lower than the 7,000,000 is growing as the panic gains momentum and people continue to undercut each other.
bALLBREAKER is running scared and his recent post is definitive proof of this fact. Fingers crossed that the impending explosion in ActM share price occurs before he manages to sell his iCEDRILL shares.
It's long time he learned an expensive lesson in amatuer trading and his profits taken out of his grubby hands and redistributed into shareholders pockets who believe in our company.
Icedrill was always a bad investment in the current market conjecture. It's too expensive for something that has a very high fail potential if the network difficulty keeps rising at the current rate. If the share price was like half of what it is, then it could be a nice investment, but at 0.0014-0.0016? No way!  For ActM, even if the incoming Avalons don't show up, there's much money to be made in chip/system sales on the 28nm chip, that's the main benefit on investing into something that doesn't rely on mining profits. Just look at Asicminer: most of their dividends are already coming from sales profits, not mining. ( http://asicminercharts.com/, bottom chart) |
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The chips are the most expensive part by far (Not actual CHIP Cost, but Markup Cost)
One would assume that they will probably allow DeaDTerra to source parts from them as well but more than likely won't be free.
You are correct it depends on the high markup cost, just don't expect a 400W cooling solution to come cheap either (try to find CPU or GPU coolers that are able to deliver 400W of heat dissipation and check their prices). |
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I wish I could see their faces the moment eAsic's PR comes out.  |
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I believe IceDrill has Miner Protection.
If they don't make 100% ROI within 3 months. November - December - January, then they will give them up to double or four times as many chips as originally purchased in order to make their ROI. It will only be chips though.
That combined with shareholders getting paid 0.0016/share before private investors should make this a fairly safe bet (If you trust DeaDTerra and HashFast)
It's going to be a long wait though!
Only the chips? That's like 1/3 to 1/4 of the total system cost. What about the rest? Are they releasing the PCB specs? PCBs are +/- cheap to manufacture, but the cooling solution can be even pricier than the chip itself (waterblock? vapour chamber/heatpipe air cooler?) plus adequate power-supplies. |
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(...)
Does HF's "Miner protection plan" apply to IceDrill? If so, that may help, since 10Mh/s could end up about 50Mh/s if the ROI is bad.
Good question. Even if it did, what's the time-frame on receiving those extra chips? Weeks? Months? |
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Maybe he's actually working on moving time-crucial stuff, especially the eASIC deal? I'm all up for delivering balance sheets, but let's have them be worth something more than just "oh, we sold a share! oh, we sold another share!" |
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I'm still wrapping my head at why someone would want to pay 0.0016 for 10MH/s starting at best in November. It is a HUGE gamble for that price point, investors are taking a big risk. At 0.0016 for 10MH/s, 1GH/s/W: Even when buying at 0.0014, the risk is very big: This is assuming optimal conditions where: (1) The chips are able to get no worse than 1GH/s/W (imho this is still the biggest gamble of HF chips) and (2) the only operational expenses needed to be paid are the energy consumption, it's neck to neck. Factoring all the extra costs (cooling, maintenance, personnel, ...) and the "growth" cut, just makes it overboard as it hardly will be enough to compensate for the network growth rate expected during Q3 2013 and Q1 2014.  |
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Just as a reminder, there was no flash crash to BTC0.0026. Anyone looking at the trade history on BF can easily see that. The BTC0.0026 24h "low" on the market page refers to someone executing an option at that price. |
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So, the prototype is hashing at 11.8 GH. Is that correct?
I also understand that is new, untested and not optimized. Could you fill in a few more details about what was running and what the optimized speed of that unit might be?
Are these the new Avalon chips that are supposed to come in? I can't think of any other reason to use OpenWRT
ActM ordered 20,000 chips, so they should have received 60 chip samples. It should go to ~17GH/s at 100% speed (282MH/s per chip). |
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If the Uniquify/Hashfast Official Press Release isn't a big deal and merely confirmation of known info, why is the ACTM Boy's Choir salivating in anticipation of, and howling with impatience for, eASIC to Officially announce their ACTM partnership?
Because they are all in the same building, it was already obvious that they were going to be working together and the press release was largely symbolic. ActiveMining and eASIC are not intrinsically related, so showing the deal is complete would be far more than a symbolic gesture. Are Hashfast and Uniquify really in the same building? I only ask for confirmation because Vbs said Neither of us knows the concrete details. But seriously, we already have seen signed documentation confirming an ACTM/eASIC agreement. A press release may strongly imply the NRE has been paid, but wouldn't confirm anything we don't already know. IDC if 1/200 Uniquify employees had a sad and 1/100 eASIC employees had a warm feels on Glassdoor. That kind of corporate phrenology, plus $5, will get you an organic chai maté lattè at the Peet's in San Jose.  Spread all the FUD WRT cooling a big hot chip you like, if it makes you feel better about getting married to the wrong stock. I've run overclocked 7970s for over a year and know it isn't that hard to dial in a good heat/performance sweet spot. And that's (mostly) with stock air cooling! Hashfast/ice.drill are using liquid cooling, which is far more effective even if they don't know about Vbs' top sekrit phase-changing xenomorphic transdimentional cavitating hypercritical autocalibrating mildly psychic chip goo. The TDP of a 7970 GHz Edition is 300W, while one HashFast chip is rated at a minimum of 350W. Also, I'm sure each HashFast chip will be built using the same quality processes used on a Tahiti XT2 and will also be using vapour-chamber and/or heat-pipes to cool it, along with a nicely big cooler. I'm sure those come cheap. On the other hand one ActM's chip at <15W would be pretty happy even with a low-quality thermal pad and low-quality aluminium heatsink. I'm sure both cooling solutions cost the same, right? So whatever anyone may think of ActiveMining, a press release from eASIC is a very big deal because it confirms the validity of the offering, validity of the claims from a highly respected ASIC specialist company, and establishment of a business relationship. At the moment we only have Ken's word that eASIC have agreed to anything and nothing confirming a business relationship or that payment has been made.
Note that I haven't commented on HashFast at all and I agree with you regarding employee opinion posts being a poor way to judge a company's output. You can only judge on the output, or if employee opinions change significantly over time (which can sometimes signal an upward or downward change in fortunes).
I agree, the much anticipated eASIC press release will be a BFD for ACTM, just as the Uniquify PR was for ice.drill. I object to Vbs and others accepting the former while contriving excuses for rejecting the latter. This was posted on 25th July 2013: https://bitcointalk.org/index.php?topic=262052.0After that letter signed by Uniquify was made public, what's the impact of a PR news posted 2 days ago on Uniquify's website? Almost zero.  |
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If the Uniquify/Hashfast Official Press Release isn't a big deal and merely confirmation of known info, why is the ACTM Boy's Choir salivating in anticipation of, and howling with impatience for, eASIC to Officially announce their ACTM partnership?
Because they are all in the same building, it was already obvious that they were going to be working together and the press release was largely symbolic. ActiveMining and eASIC are not intrinsically related, so showing the deal is complete would be far more than a symbolic gesture. Glassdoor, like any thinly-populated review site, strongly tends to gather content from the disgruntled because the satisfied have much less incentive for contributing.
Also, Uniquify has twice as many employees as eASIC, so chances of finding a disgruntled ex are doubled.
So then you would think eASIC would have a bad review if it treated its employees poorly since glassdoor would attract disgruntled employees. Instead, someone was happy enough working for the company that they went out of their way to post a positive review. I think that says something. The whole 'my ASIC partner is better than yours' thing has more than a whiff of desperation about it. Bottom line is 400GH >> 20GH. That is comparing apples and oranges. The cost per GH and power efficiency are the most important factors. Having a monolithic "400GH" chip (which seems technically unfeasible due to the insane power requirements in excess of high-end GPUs) also presents issues with cooling (since they are apparently using liquid cooling) and as Vbs said there could be internal interference issues preventing it from actually reaching such a high hash rate in a single chip. Most companies are also going for smaller chips like ActiveMining, which leads me to believe that there are significant drawbacks to designing such a massive, power hungry chip. +1 on all responses! I'd be really worried if I was trusting a company like Uniquify that only seems to have experience in designing memory controllers and one ethernet chip to handle a 400GH/s chip that will use 350W according to them. Do you have any idea how hard it is to cool 24/7 a chip with that power usage? And the flawless marksmanship required in its construction along with quality materials? Let's see if they use fluxless solder in the heatspreader or cheap thermal paste! |
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lol, nicely played amigo!  If only LAGCOIN's steampunk "technology" were as laudable as your sense of humor... It's possible that HF's chips will cost less to HF then Labcoin's chips will cost to labcoin. But that doesn't mean that HF's customers will be better off then Labcoin's investors. Think about it dude: IceDrill is paying $14/GH. Labcoin will be paying about $2/gh if everything goes according to plan. That means, Labcoin's investors will have a much better chance of making a profit then IceDrill's. It doesn't matter how efficient the chips are at this point, and it won't matter how efficient they are until electricity is the major cost factor, and chips go for like 10 cents per chip. I'm just going to chime in on the topic of electricity. You can only say the electric cost is irrelevant when using a point of view of one guy buying some mining equipment to run at home. Any industrial-size mining farm needs an industrial power delivery grid along with industrial-size cooling systems. This is not trivial to assemble and neither are the operational costs associated with it. Thinking otherwise is like saying anyone can build a proper datacenter in their backyard. Driving a car and not the same as driving a truck with several trailers. |
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Hi Vbs, Hashfast R&D is literally physically embedded within Uniquify World HQ, like an integrated BTC ASIC design co-processor. I would be amazed if there was no rapid exchange of ideas/feedback taking place in a continuous dialog. If you said there wasn't, I wouldn't believe you. They're all under the same NDA after all. Neither of us knows the concrete details. What I do know is that if ActM's deal was with them I would be long gone by now. Huge red flags. http://www.glassdoor.com/Reviews/Uniquify-Reviews-E270043.htmThis just confuses me more. This is not new right because I thought when the letter on Uniquify letter was posted that there was a deal. Am I missing something?
Nope, nothing new, just a PR on their site about that deal. |
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Relevant to our interests. Well fuck me sideways!! Uniquify, HashFast Ink Agreement to Produce ASICs to Increase Hashing Speed for Bitcoin Minersgeeks.broadwayworld.com / Aug, 13, 2013; 10:38 AM SAN JOSE, CA – Uniquify ( www.uniquify.com) today signed a multi-year agreement with HashFast Technologies to design and provide silicon fabrication services for a new generation of application specific integrated circuits (ASICs) expected to dramatically increase hashing speed for Bitcoin miners. Under terms of the agreement, HashFast Technologies, a pioneer in custom designs of ASIC chips for cryptographic hashing, will use Uniquify’s technology for the production of ASIC chips for cryptographic hashing. The strategic partnership between HashFast and Uniquify, a leading high-performance semiconductor intellectual property (IP) and system-on-chip (SoC) design, integration and manufacturing services supplier, is poised to move HashFast to the forefront of the cryptographic hashing industry. Thanks for the link. It's a very different approach than ActM/eAsic, as it seems Uniquify only has a small (none?) input on the design which is HashFast's responsibility. |
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I'm glad someone else got same informations, but I'm a bit paranoid and I prefer check for myself No problem.  I'm expecting a huge rally when the official PR from eAsic is released and those fears dissipate permanently. |
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Hello everyone, I'm in with ActM but I've to say I've always been suspicious about Ken's reliability. That's why I've sent a lot of e-mails to eASIC to have a confirmation about a relationship between them and VMC, and few days ago I received a reply:  my question: Dear eASIC,
The Virtual Mining Corporation and his CEO Kenneth Slaughter are claiming that are involved with you to develop a 28nm ASIC chip able to mine bitcoin, and it should be the actual state-of-art in the mining bitcoin field.
I know that these are probably reserved information, but I'd just like to know whether such a relationship exists to avoid scams and inferences about you and the VMC CEO.
the answer: Hello
I can reveal that we have engaged in discussions with VMC, however those discussions are protected under NDA. Therefore for further details I would suggest you contact VMC directly
///Paul
I hope this is interesting for someone of you You're late to that party! https://bitcointalk.org/index.php?topic=158806.msg2605456#msg2605456 |
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Funnily enough here's some pretty exciting news that I've just received over the wires. Not really supposed to release this but as this is so good I just had to: THIS Friday ACtM will take delivery of the first Fast Turnaround eASIC Nextreme-2 prototype chip at there Springfield Unit. This is 2weeks earlier than expected! here is a link to the chip description http://www.easic.com/Spatr7ve/website-wp1/wp-content/uploads/2011/02/eASIC-Nextreme-2-Product-Brief.pdfKen is planning to glue the chip onto a mock-up Klondike-16 board over the weekend and do some preliminary voltage checks on drawdown and 'hashing-mash frequency' with his voltage meter. MONDAY morning Ken is having a small team of engineers come over to assist with the preparation for FULL BATCH glueing. TUESDAY next week Full prep of all surfaces and floors at ACtM Unit in readiness for delivery of 400 eSAIC hashmash 'glue ready' TM chips. Klondike-16 boards arrive mid to late afternoon. WED Chips are due to be delivered to Springfield! THURS Ken collects chips from DHL depot as he wont be in on WED. FRIDAY ASIC chips will be unpacked and voltage checked for paritry before FULL PRODUCTION of gluing to boards begins. Expected timeline following that is 2weeks MAX! Ken and the engineers have ordered special 'glue guns' from 'Tim's Springfield Hardware Store' so the process should be quite rapid! More news to follow from PR. That's FAKE ofc... From eAsic's latest PR, I'm pretty sure the 28nm chips will be called Nextreme-3! Great imagination otherwise, but let's leave stuff like this on the speculation thread please. |
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I've never questioned Brother Vbs's impeccable math WRT difficulty. If you could stop beating that strawman, I'd appreciate it.
My actual points of friendly contention are 1) the assumption of facts not in evidence WRT Avalon shipping In Soon WeeksTM and 2) the blatantly false statements posted on ACTM's Bitfunder/BTCT asset profiles WRT the hashing power to be deployed by the "middle of August."
If you would address these actual concerns, instead of defending Vbs's uncontested difficulty projections, it would be to the benefit of all current and potential ACTM investors.
The month is irrelevant. You can replace the column "August" with "Month X" as long as the global network hashrate is no more than 478.8TH at point X for the spreadsheet to still be accurate. Break free of your monthly chains! |
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Yes Vbs, "increasingly inaccurate" is increasingly accurate. The lapsing "middle of August" assumption is particularly untenable in light of Avalon's protracted delays/fiascos/implosion/intrigues and spiking difficulty. It's only fair to dividend-oriented investors to correct inaccurate assumptions and stop misrepresenting ACTM's short-to-medium term hashpower. I also notice your silent de facto consent as Goody Stuart/VE trashed ice.drill on the ACTM thread, and bragged about enjoying "shitting all over" this one, has suddenly reversed, now that your baby is in a similar situation here. Turnabout is fair play! Moving the assumption to "middle of September" doesn't change the outcome, as long as the estimated global hashrate is not crossed. I've already explained why it's still valid. Understand the math or don't, your choice. |
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(...) Activemining, however, is a different story. They are completely dependant on Avalon/steamboat to meet their stated growth projections and maintain dividends until their own 28nm chips begin hashing. From your buddies at BTCT: https://btct.co/security/ACTIVEMININGAn order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s; An order of 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s.In total, around 6,377 GH/s, [WAS] expected to be fully operational in the middle of August. Vbs is going to have to bring his increasingly inaccurate spreadsheet up to date eventually, because it's rapidly slipping from 'slightly off' to 'pipe dream that will never materialize.' (...) 1) This is the IceDrill thread, so try to respect that. 2) Increasingly inaccurate? My estimation for August global hashrate (478TH/s) is still above the current mark, so it's still very valid. Months are unimportant, the only thing that matters for estimating profits is the global hashrate at the time when the hardware is put online. |
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