VMC And AMC Are Proud To Announce The "World's Fastest Bitcoin Mining Chip".
SPRINGFIELD, MO, - June 27, 2013 - Active Mining Corporation (AMC) and Virtual Mining
Corporation (VMC) are announcing today the preliminary results from VMC's partner
eASIC (
www.easic.com) regarding the performance of the Fast-Hash-ONE Bitcoin mining chip,
built on eASIC's top of the line 28nm technology.
Each chip holds 20 miner cores, with an expected frequency from 800MHz (
16GH/s)
to 1GHz (
20GH/s). This is possible thanks to eASIC's expertise and AMC's heavily
optimized design, making Fast-Hash-ONE the "World's Fastest Bitcoin Mining Chip".
The chip is expected in limited quantities in Q4 2013 and fully available in Q1 2014
and will be the backbone of AMC's drive to be the "World's Largest Bitcoin Mining
Farm".
VMC will also use this chip in its Fast-Hash-XXX and Fast-Hash-TH series of Bitcoin Mining
Machines, with Prepaid Pre-Orders
immediately available on VMC's web site.
Prepaid Pre-Orders for
bulk purchases of the Fast-Hash-ONE chip will also be
immediately available on VMC's web site (
www.virtualminingcorp.com).
The maximum NRE total cost asked to us is around $1,000,000, but we are expecting it may go
down from there. We estimate a total sale of 4,000,000 shares at ฿0.0025 for covering all
the NRE associated costs, considering BTC/USD fluctuations.
AMC has released 2,000,000 shares yesterday at ฿0.0025 on BitFunder, as a headstart for
long-term investors, resuming the gathering of necessary funds for NRE costs. Today we
released the remaining 2,000,000 shares at ฿0.0025 on BTC-TC following the approval there,
as a means for gathering more investors.
Although it can be debated, a price of ฿0.0025 for the current batch is an excellent entry
point for anyone investing into something of this scale. "We're not in Kansas anymore!"
VMC is also announcing today that
100% of the profits from bulk sales of the
Fast-Hash-ONE chips will be reimbursed to AMC until the total amount that AMC has paid to
VMC for the NRE to create this chip is
totally reimbursed to AMC. AMC will also
have the First Rights Of Refusal on a number of machines built with the Fast-Hash-ONE.
eASIC's details:eASIC was Rated Third Fastest Growing Semiconductor Company in North America on
Deloitte’s 2012 Technology Fast 500™ and their choice as our partner is a significant
one. Our excellent news is possible thanks to eASIC's ingenious process to integrate
AMC's optimized code into a fully functional ASIC in record time. Please check
eASIC's web site for futher information. At the moment, only 45nm information is available
there for the eASIC Nextreme-2 family, but it is sufficient to fully understand our
short- and long-term plan on 28nm and lower.
As a summary, we'll present two very important
key features that are part of our
ace in the sleeve for AMC, which will help everyone realise how this project can be
executed in weeks/months, rather than years:
Fast Turnaround ASICs"When it comes to device manufacturing and test, eASIC Nextreme-2 family takes only
a fraction of the time of standard cell ASICs as only one via layer needs to be
customized for each design.
This means that wafer manufacturing can start much
earlier and even during the design stage itself."
easicopy ASIC Migration"easicopy ASIC provides OEMs with a seamless path from a eASIC Nextreme or Nextreme-2
NEW ASIC to a, cell-based, easicopy ASIC thereby enabling OEMs to
further reduce
device cost and power consumption, or increase performance."
Other Important News:The second order of 3 Avalon's have arrived and are now hashing, bringing AMC's total
hash rate up to 400,000+ MH/s.
Still on order are:
- 68 Klondike-16 chip boards (~306,000 MH/s) with an estimated delivery date of Mid July;
- 20,000 Avalon chips (~5,640,000 MH/s) with an estimated delivery date of Mid August.
We are also busy working with our Electronic Engineering and Manufacturing Services
firm to create our Fast-Hash-XX Avalon clones.
Our prototype is getting close to being manufactured. We also have on order complete
boards to build the first 40 Avalon clones for AMC's estimated delivery of 8/31.
AMC will have the next 22 machines built with a delivery date TBD.
=========================================================
Technical Details Of The Fast-Hash-ONE 28nm ASIC Chip:The design is built on eASIC's 28nm Nextreme family process.
Bitcoin Engines: 20 fully unfolded, optimized hand routed cores.
Expected operational frequency: 800MHz nominal (1GHz max).
Performance design: 16GH/s at 800Mhz.
Estimated Chip Power Consumption: 11.136 Watts (~0.696 Watts per GH/s).
Packaging: 28nm Flip Chip design, Standard BGA 672 (excellent heat dissipation).
Die size: 27 x 27 mm
Fab Technology: Global Foundries advanced 28nm
Design type: Optimized code, 100% Hand routed for max performance density.
Availability: Estimated Limited quantities in Q3 2013, with a higher volume in Q1 2014.
Reference board material will be provided as soon as possible.
These are Preliminary Specifications and can be subject to change.
=============================================
Technical Details Of The Fast-Hash-XXX Series Of Machines:Highy modular design, with great expansability.
Each Board contains 16 chips @ 16 GH/s each, for 256 GH/s per board.
Each Base unit can contain from 1 to 6 Boards (256 GH/s to 1.536 TH/s).
1 to 6 Expansion cases may be added to the system. (6 to 96 Boards for
a hash rate from 1.536 TH/s to 24.576 TH/s).
These are Preliminary Specifications and can be subject to change.
Virtual Mining Corporation is a Delaware Corporation and Active Mining
Corporation is a Belize International Business Company DBA Active Mining
Cooperative collectively (AMC).
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