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NEWS FROM AVALON REGARDING THE CHIPS!!!!!! While we have send out some chip orders, there is currently ~200k chips stuck in custom right at this moment for about 2 weeks now, this matter is very painful for us and our customers. As majority of the chip orders ( 70% ) totaling ~800k is made between early and mid-may resulting in a tight time frame to work with. We do have more chips coming in via different route next week which will ease this a little bit. (you can take this as chips will resume shipping by end of next week for now.)
We will take this time to fulfill a promise to announce the next generation chip 2 month ahead of schedule so potential buyers can make a decision. Soon we will be disabling the pre-order of Avalon Gen1 chips and only sell the remaining stock as we phase out old technology for a new 55nm, which goes on sale for immediate delivery at mid October 2013. This 55nm will retain the same physical dimension as the 110nm Gen1, only few pads were changed so getting them up and running requires very little change to existing design.
In addition, there is 2 more chip designs in the pipeline, we have decided to proceed developing Gen3 and Gen4 in parallel due to the long R&D time of low processor nodes, both of these will be a Full Custom ASIC design. Source: http://www.avalon-asics.com/ |
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I know he is busy, but I do like to get my weekly dividend on time, no matter how small.
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LOL, somebody has serious jet lag! When he said "tomorrow" on Wednesday night (for West coast people at least) he meant Friday. Because when he took off it was Thursday. Sleep well little time traveler.
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Lets not forget the weekly dividend!
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While you were reading 2 pages of replies were posted. Welcome to the hottest thread on the forums!
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So the pictures of the boxes are dated July 9th. That means its been almost 4 weeks since the chips showed up. Are they testing them first before shipping? Or are they just re-addressing the boxes and shipping them to customers?
If they are trying to test 2.1 million ASIC chips with a small crew then I can understand the delay... What I can't understand is why the BTC is still in the account and hasn't been used to hire additional people. My best guess is that they've been paid and aren't in any hurry to get the chips out now.
I guess the best way to know is ask ourselves if the contract is for 10,000 working&tested chips or 10,000 chips direct from the fab.
Another possibility is they are still building Batch 3 machines and won't send out the raw chips until all Batch 3 machines have been delivered?
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The price goes up. The price goes down. The price goes up. The price goes down.
More IPOs for Mining Companies with big dreams show up.
The funds for those new, novel IPOs must come from somewhere, so maybe people are selling ActM to get into something else.
Why was there a recent drop from over .006 to .004x?
What do you think the price of ActM should be right now?
What new IPOs on BF and elsewhere look good?
I don't think there's anything else that looks good. All those >28nm chips will take a huge toll as the global network diff rises and they won't be able to compete due to their running power costs. In the 28nm die shrink all the new guys appearing want to grab all the profit for themselves as much as possible so they don't offer any investment options, just hardware for sale. Even most current 28nm designs look very sketchy. I can definitely understand ActM's ~16GH/s chip specs, but chips with 100GH/s? 400GH/s? Pulling one of those off requires a team with extreme 28nm knowledge and skill and I don't think anyone with both would choose to design a chip like that (they would need precise analog simulations, custom transistor design, etc, just to keep the signal interference inside those big chips at bay; much easier to design smaller and more efficient chips). I agree! I was just taking a second look at HashFast due to the recent panic and I found this pic on their chip designer Uniquify's site:  "Typical high performance methodology using multi-Vt library" I'm no expert, but from what I make of this, it sounds to me like they would take a somewhat copy&paste solution to the design of the HashFast chips. http://asic-soc.blogspot.ca/2007/09/multiple-threshold-multi-vt-cell.htmlBased on this above article, I can say that I am confident that they will not hit both their speed (400GHash/s) and power efficiency goal of 40w. |
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Seriously... Do none of you know how to use the IGNORE button on this forum?
You keep adding fuel to this guys troll flame by addressing his reactionary dribble.
IGNORE HIM ALREADY.
+1 we all tried to help but hes too far gone now.. +10 Agreed, Ignore Mabsark the trolling troll. Lewicki's link to forum filibustering is quite informative. EDIT to add Lewicki's link: http://www.youtube.com/watch?v=ZSFDm3UYkeE&feature=youtu.be&t=11m30s |
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Due to the fact that I just got in from our business trip to
eAsic and our Engineers, I will be transferring shares as soon as possible.
There is some very important work that needs to be done first.
All tendered shares will be paid this dividend.
Active Mining, AMC Dividends Paid [.00000574]
Ken, how could you have possibly done the transfers by the end of business day Friday when you knew you would be away on business? Even allowing for that 4 hour delay, you still wouldn't have been back in time to meet that deadline, never mind get the transfers done. So, after you've done that very important work, transferred the shares, paid the dividends, posted the pictures and your report and hung up the phone on VolcanicErupter, could you provide an explanation as to why you keep saying you will do things when you know you can't possibly do them? I'm starting to get the impression that you need to be a pathological liar in order to run a business developing bitcoin miners. Wow, somebody has a real attitude problem... Did you consider he might be in a different time zone from you? Where did you get end of business day from? It's Friday and I've been paid my dividends, I'm satisfied that he kept his word. |
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The market is unpredictable, so who knows.
True, but I bet you it will take a downward dip in less then 7 days. You can't time the market, I know this, but I just have a feeling. I hope it is sooner though and gets captured in this contest. I'd like to start running an algo soon, this has been really informative. Cheers! |
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There is Canadian Virtual Exchange which is based in and caters to Canada. Fees aren't too horrible, but I believe they do have ID requirements. https://www.cavirtex.comI second CorvusCorax here. If you are Canadian the ONLY way to go is cavirtex.com They recently cut their entry level trading fee from 3% to 1.5% (which is still very high in comparison to bigger exchanges but hey, what isn't more expensive in Canada?) With volume it can go as low as 0.5% which makes it somewhat competitive with other exchanges. I find that once you get verified and link your Canadian bank account it's quite convenient and withdrawal fees are extremely reasonable and processed quickly. |
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Excellent work, I'd send a tip if I had some non-invested coins. |
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Yes FriedKen has said that.
What I'm saying is that there is a lot of hype going on over what will be a very melodramatic press release at this point.
The real Press Release will come from eASIC attached to a white paper on Bitcoin and the importance of time to market and how eASIC's technologies were critical in ActM's success. I expect that to come out around November (a few weeks after we already have working ASIC's from the RTP stage.).
Are we all this excited about the press release because it will be the "proof" people require that the NRE has been paid to eASIC? Are people really that nervous?
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Now that the heat is down, can we actually discuss the real stuff?  @TheSwede75 As the person in charge of PR/communication at the moment, can you please address the following posts? They are important claims/questions that need to be answered so that possible investors can get a better sense of the potential of your venture. TECHNICAL ASPECTS (needs to be addressed by a dev):If those are the correct specs, then I'm sorry but... LOL!!! For that to be possible, not only each Labcoin core would have to be ~42% smaller [65/130*(6.5^2)/(7.1^2)] than each BFL core but also the Labcoin chip would magically operate at a higher frequency (300MHz vs 250MHz) while keeping the same power draw...  Since there are several new companies going for the 130nm route with the excuse that manufacturing costs are much cheaper, might as well burst that bubble too: It's not. Nothing beats going 28nm now, except for the fact that the upfront NRE cost is much higher.  ACTM wait up to six months. . LOL. . . Time is money It is of course up to all investors to draw their own conclusions and believe what they want regarding what density (130, 110, 65, 55 or 28 nm) deliver the best ROI over time. labcoin has made the choice to go with 130 nm as gen 1 and 65 nm as gen 2 for several reasons. Some of these reasons are NRE costs, fabrication costs, available developer resources, capital procurement and availability of Foundry shuttles and production slots. We are certainly not claiming that 28 nm is a "bad choice" by default, but for a smaller project not wanting to be forced to raise millions of dollars and bet "everything" on a single development project or risk total failure (Bitfury did this, and it seems they were lucky enough to actually come out with positive results). Then staying with lesser density that is cheaper and offer far more flexible production options just makes sense. Maybe worth pointing out that the graph you pasted has almost no relation to ANY ASIC manufacturer as it refers to large scale generalized production of IC. As as much as I would like to think that Labcoin shortly will be ordering $100 million dollar IC production runs I doubt that is very closely connected with reality. The only real difference is NRE cost and having the expertise to develop on 28nm, that's the real bet. Bitfury went full-custom standard cell and it worked OK for them, but that's the risk of going full-custom at first. You have the same risk, since your 130nm chip has a lot of sketchy specs. I would rather you commented on those, especially on the part where you claim to develop a faster and more power efficient chip than BFL (also standard cell) with transistors that have DOUBLE the size (130nm vs 65nm) and require much higher voltages ( power consumption scales with the square of voltage). The graph above is for ANY ASIC manufacturer, as it compares a Normalized Transistor Cost (wafer cost + packaging + etc) to a timeline, based on yields/wafer, die sizes and wafer cost. The production costs on new die sizes quickly go down after some time. And you make a valid point, really. The question is timing. Look at BFL and potentially KnC. Avalon and ASICMiner went with the larger die size. ASICMiner deployed en mass first. Avalon shipped their miners first. Sure, go for the 28 nm but if it takes you 2-4 months longer to receive and deploy, do you still have the advantage? Those that chose the larger die have been mining and now have funds for more R & D. Pick your poison.
Indeed, time to market is very important (especially with bigger dies), but their 130nm delivery estimates are on Q4 2013, right where every 28nm chip maker is also going also... The last months of 2013 are going to be pretty interesting indeed.  http://labcoin.com/docs/2.jpg THIS! +1 The biggest quote ever! BFL made some mistakes in their design IMHO. So BFL probably isn't the best product to compare it to. That said, it does look like labcoin is HIGHLY exaggerating what their chip will be capable of doing. Since people will keep using bitcoin miners until they only breakeven, the lowest power consumption will win in the long run and at this point that is looking like go 28nm or go home. Since KNC is a full custom ASIC chip (standard cell) if it works it will have the best power to hash rate efficiency. However, they are rushing it out the door really, really fast with minimal testing, so it could also be a total dud. ActiveMining is using a structured cell ASIC which gives them shorter time to market (within a couple weeks of KNC I think), the advantage here is that they don't need to do as much testing as 98% of the chip is pre-engineered and they can migrate over to a "standard cell" design ~6 months from now since they are working with eASIC, however out of the gate their chip won't be quite as fast or efficient as a standard cell ASIC could be. |
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Look at a company like BASICmining, their share value reflected their current equipment without any kind of development of their own.
You don't look at it and say "Oh this won't be profitable a year from now!". Obviously every company is going to attempt to adapt, whether it be purchasing new equipment or making their own, but so far I have noticed that current hashrate is the dominating factor of share value.
I should have added one last assumption:
"The company continues to adapt to increasing difficulty through various means".
Same with ASICminer. You don't base your annual return projection on a constant hashrate for an entire year. You expect them to continue growing, but the current hashrate is all you can base the true value on as adaptations aren't as predictable.
In the end, the current dividends are what matters to people, and from there you can only make guesses on the miners ability to maintain this. 36% is incredible.
One interesting concept we should all consider is no longer the change in hash rate itself but rather the expansion of the number of companies producing ASIC hashing devices. We currently have 3 maybe 4 players actually producing and delivering ASIC devices right now (for the past couple months). Right now the total network hash rate is exploding. I've noticed approximately 50-100 Th/s added just in the past week or so. With production ramping up at these 3-4 factories right now plus the countless new entrants into the ASIC bitcoin mining market we can start looking at increasing network hash rate as a function of the number of ASIC manufacturers. All these guys are promising delivery in fall of 2013: FastHash, KNCminer, Bitfury, (plus some chinese ones that could be scams) (plus ActiveMining VMC of course). So the number of manufacturers is set to double in the last few months of this year. What will this do to the growth rate of the network hash rate and consequently the difficulty level? I love this stock and I'm not selling FUD here. I just think this is a factor worth serious consideration when trying to make projections. |
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I'm glad this thread exists. I was curious about KNCminer as it is one of two 28nm ASIC producers at the moment ActiveMining (a.k.a VMC) is going with a Standard 28nm design. It'll be interesting who hits the market first and who hits their power and hashing targets. Both are using eASIC too which really evens the odds.
It'll be fun watching in September!
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