Ken has much more to gain by just getting these chips running than going through all the stuff to get the chips developed than to just take a few hundred thousand.
But VE says Ken is happy with his 26k of computer equipment and will probably retire happy now.  I just don't see what the big deal is about producing these miners. You get someone who can make the hash logic work, you get someone who can make ASICs (eASIC), you get someone who can build the boards. Done. Its not like you are building a damn laptop or something. This thing does one calculation over and over again. As long as you know who can do those things and can pay them, what is the hold-up? It would be dumb to put in all the work to establish the capital, workout the ASIC contract and then not make the rest happen. |
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Ken has much more to gain by just getting these chips running than going through all the stuff to get the chips developed than to just take a few hundred thousand.
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Shouldn't there be some sort of payments to whoever is designing the boards for the chips? That should be a sizeable amount of money - say $50k-$100k.
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With all this talk about a blacklist, do you guys see a future where "clean" Bitcoin are more valuable and therefore mining hardware becomes more popular because mining is the only way to get "clean" Bitcoin (no previous outputs)?? Do you think this should be advertised by mining companies?
The community is up in arms about this blacklist bullshit and I do not see it ever having a significant impact because the vast majority will ignore it. The masses won't if it means not being able to use Amazon. |
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When does the mining start? I think that is what people are interested in, not a "Profit and Loss" report. Are we close? What is "close"? One month or two or three?
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I think we already got the report, being the total sales for october. The detailed report he mentioned might be for another time.
how about a report on that promise of 20TH/S he seemed to pull out of his ass? yeah.. that's what I thought.. It also looks like he deleted his own post which referred to the 20TH/S he was going to deliver.. he must think we all have amnesia 20Th/s? I must've missed that entirely. What are the details of said post? Ken doesn't speak of details. He was as vague as that. 20TH/S were supposed to go online within 2 weeks, and that was more than 2 weeks ago.. It is very disturbing that he deleted that.. I hope you all realize that before he deletes this too Never saw that. I saw "at least 3 TH/s in the coming weeks." And thought I saw something of 6TH/s. |
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So did Ken ever confirm if this $1 Mil sale was actually paid for or not?
Ken made no confirmation. The really important thing is getting our miners up and running. I am sure if we get many TH/s online then people will start buying miners from us. I don't think eASIC would have made that press release if the payment was not completed. |
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How much further could an announcement on chips or shipping be? Sort of a rhetorical question... it has to be relatively soon.
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Such a shame about BF I could have bought a few more shares with the increased divs coming our way. I predict a surge in buying from the divs once we get live trading back.
Let's say it's another 2weeks before we get trading again- there would be about 30BTC in divs coming our way? That would be about 60k of shares being bought (at current prices if everyone reinvested).
BTW guys Ken is setting half the mining revenue aside for reinvestment as we know, so do we know if this 9.6BTC is before of after this reinvestment 50% has been taken off?
I'd rather Ken keep all the BTC dividends until we see where this price goes and then sell and rebuy lower. Then pay the dividends. |
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The State thinks it can regulate it. From the Fed Bitcoin Primer: Should bitcoin become widely accepted, it is unlikely that it will remain free of government intervention, if only because the governance of the bitcoin code and network is opaque and vulnerable. Sounds like they are pretty confident they can not only take-over the code but also the network. Here is how they would do it... wait til bitcoin becomes widely accepted, fund their own or find large investors to fund ASIC development by IBM or Intel to take-over the network, modify the Bitcoin protocol, launch a 51% attack, then make it illegal for anyone to use an alternate protocol. Take-over complete. The vast majority of people will use the government code and new fork without quibbling. That is as simple as it gets. That is entirely doable without question. |
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Good post. I would say we may already be hashing with the prototypes that has not been confirmed nor denied. Also our retail orders do not need to be shipped first. They will come off a 'different production line' and will likely be different products in some substantive ways. Finally difficulty rise may be lower than the sustained 30+% we have seen but who knows what or who is coming online in the future. We don't even know when WE come online  didn't Ken say we were adding up to 3 TH soon? |
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I don't mean to render the creation of an mining ASIC as trivial because I am not much of an electrical or computer science engineer. But I just don't get why it is so difficult to get these things working on time. It seems that every company that sets out to make these things ends up either going defunct or going through multiple delays. I mean, we had an open-source board which ended up being successful with some work, why can't these "pros" get these things working. An ASIC chip is basically just doing a single calculation many times over - what is the big deal?
Our problem is eASIC is not used to creating 28nm and we are one of their first customers for this tech. It now increasingly seems like eASIC are in too deep and unable to create the product Ken paid for. We currently have no chips, not one single chip. so is that the point of the NDA? We were to act as eASIC's test run for the 28nm and they didn't want any potential blunders to be let loose? I thought eASIC had done 28nm for a little while. |
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I don't mean to render the creation of an mining ASIC as trivial because I am not much of an electrical or computer science engineer. But I just don't get why it is so difficult to get these things working on time. It seems that every company that sets out to make these things ends up either going defunct or going through multiple delays. I mean, we had an open-source board which ended up being successful with some work, why can't these "pros" get these things working. An ASIC chip is basically just doing a single calculation many times over - what is the big deal?
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zumzero,
That is a completely different outlook than you presented on the previous page.
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Either way thankfully there are delays on everyone else so we still have a decent chance!
Look at it this way. If we can get 1% market share by around December sometime do you know how much that will be in FIAT with BTC at $350? Is it still 7200BTC a day being mined or has the block reward been halved? Lets say it's still 7.2k. 1% would be 504BTC a week. 504x350= 176,400 USD a week we could be making. With BTC at 1k USD we would be mining 504,000 USD a week. With BTC at 1k and our share of network at 5% we will be making 2.5MILLION USD per week. ACtM could be mining for years so lets say this time next year we have 2% of network and BTC is at 5k. We would be making 5MILLION dollars a week. This is all rough estimate stuff, daily BTC might not still be 7.2k. But you can see the general figures we are talking about. Whatever you do kids, do NOT sell your ACtM shares, not for anything. Live off the divs. I'm not really interested in the dollar amount, I am more concerned with the amount of Bitcoin my shares are worth. I'm trying to accumulate BTC, not USD. |
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Hopefully there is just a random announcement: "Mining rigs will be shipping on _______." Soon.
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I'll bet eASIC is kicking themselves in the balls for not accepting BTC
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What problems could they really be having? eASIC knows how to make ASICs... the only thing that would make this not work is if the hash generating logic was wrong.
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how do we get our Bitcoin out of Bitfunder if we have less than .1 Bitcoin? Is Ukyo going to send them to our address?
Can you read? Have you thought about going to the site you are talking about and reading the posts on the front page? Jesus, is everyone here like 6 years old or what. I read it I am just trying to get it out now. I shouldn't have asked. |
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