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441  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 29, 2013, 12:02:37 AM
Ken, dhenson has already posted the link: https://www.kncminer.com/news/news-22

I have some options that expire in just over an hour and as it stands right now I don't know if I'm going to put any more money towards this project.

Please re-assure me and the other investors that your claims are genuine by posting additional evidence.


Thanks for that!

So, each Jupiter will use 4x100GH/s chips at <=1000W, each chip using a 55x55 package.

Each chip is thus 250W, so I will expect them to use a cooler the size of a graphics card, per chip.

On 250W, we can fit about 16.667 of AMC's chips (let's say 15W each), for a rated performance of 16.667x16=266.667 GH/s.

You know, like someone said, "the devil is in the details" Grin

442  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 11:46:10 PM

The fact the thread has been filled with so much FUD for the last 24h makes me believe there's been a huge effort to take the price down, making unexperienced investors sell their shares as cheaply as possible. This is a great deal for manipulators, as the can buy into AMC at a low price,

If that's the case why is no-one buying at 0.001? It's almost pre-news bargain price. I think no conspiracy just lack of confidence.

I'm sure the FUD on this thread being 99% speculation and 1% only for discussing the actual news and projections for AMC has a huge part in that.

People are scared. It will pass.
443  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 11:39:05 PM
We need an AMC blog or something like that, because the FUD here is just insane. Even when I try to answer questions being raised, it'll be lost on all that gets thrown around.

The questions about the number of shares have been asked and answered over and over again, simply because they get lost in here.

Vbs, looking at the latest share holder list, what is your feeling for what has transpired today? Is the total number of investors down? Have any share holders grown their position? Is there anything else that can be guessed/inferred from the figures?

Long-term inverstors kept their shares, even with the possibility of jumping ship. That says alot.

The fact the thread has been filled with so much FUD for the last 24h makes me believe there's been a huge effort to take the price down, making unexperienced investors sell their shares as cheaply as possible. This is a great deal for manipulators, as the can buy into AMC at a low price, while the unexperienced have already paid the .0025, helping fund the NRE.

Anyone that bought from Ken at .0025 and already sold, just gave away that opportunity.

So, basically AMC delivers very exciting news, but the price goes all the way down? Yeah, right!!! Roll Eyes
444  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 11:22:11 PM
We need an AMC blog or something like that, because the FUD here is just insane. Even when I try to answer questions being raised, it'll be lost on all that gets thrown around.

The questions about the number of shares have been asked and answered over and over again, simply because they get lost in here.
445  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 11:14:54 PM
Hi Ken,

Can you please post additional information to back up your R & D announcement, such as screen cap/scan of a email/letter from eASIC verifying the claimed results or at a minimum some evidence that you have indeed been working together. 

The KnC chips are claimed to be 100GH/s each so the "World's Fastest Bitcoin Mining Chip" has already been challenged.  Here is the text from KnC's latest newsletter:

Chip Progress report
The more technical audience amongst our customers have been asking for a lot details on the chips we will use. The information we have available to you today is that Jupiter will be a 4 chip design and Saturn a 2 chip design.
This means that we can achieve a minimum of 100GH/s per chip. Which we think most people will agree, puts us far ahead of our current competitors.


A 100GH/s chip? Is that a good design choice? What happens when it breaks? You lose 100GH?

I would very much like to know the die size of those chips, the amount of cores each and the estimated power draw, since they mention their setups will be water-cooled.


446  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 08:26:25 PM
Ken, if eASIC already has an e-beam machine for 28nm (I know they had it for 45nm), you could ask them to quickly make a dozen chips for AMC.

It would be nice to get them in reference boards and send some to trusted community members, and get cgminer/bfgminer support rolling. Smiley

What reference boards? Those that were supposed to be posted on VMC thread weeks ago but are still not shown? Or prototypes of those boards,
that are not posted yet? Or hand-drawn prototypes of prototypes of boards, that are not posted yet? Get your facts right. There is nothing to be
shown here when it comes to AMC or VMC hardware.

Are you delusional? Get your facts straight! The chip was designed to be a drop-in replacement for FPGA boards.
447  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 07:46:09 PM
Ken, if eASIC already has an e-beam machine for 28nm (I know they had it for 45nm), you could ask them to quickly make a dozen chips for AMC.

It would be nice to get them in reference boards and send some to trusted community members, and get cgminer/bfgminer support rolling. Smiley
448  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 07:23:32 PM
Well you either know what a startup is or you don't, frequently the only asset they have is an idea. Take Apple computer, at one point two hippies in a garage FFS.

What exactly are we expecting here, a fully formed multinational conglomerate for less than pennies a share? It does not happen.

We've got a little bit of substance which demonstrates progression toward stated goals, and some plans in the pipe which seem like fairly reasonable plans to realise those goals.

But crap, lets take all the money out then blame him for not making a space elevator with a shoestring, that'll work.  Roll Eyes



Thank you. I needed that.

+1. Your last phrase was pure gold! Grin
449  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 06:49:23 PM
Moving on... Repost for those that have missed it.

.0025 Shares sold on Bifunder: 432,649
.0025 Shares sold on BTC-TC: 511,678
Total: 944,327

944323/4000000 = 0.23608075 = ~23.6 % funded

Thanks! Smiley

The raised capital from those is already more than enough. Even if not a single more share is sold, and considering tough difficulty estimates, the revenue from the incoming hardware (especially the 20.000 Avalon chips) is more than enough to put AMC above the $1M mark (see last row).



Ken: the correct number of shares in BF should be 1,567,351. Smiley
450  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 06:01:35 PM
Not sure if this is positive or not but I emailed the COO or CEO Stanley Wong of E-Asic and he has said that Ken and E-Asic are under a NDA



Omg, proof that the NDA exists!  Shocked Grin Grin Grin
451  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 05:44:42 PM
Am i the only one who is bothered (understatement) by him removing and adding shares just because he was a little frustrated?

Imagine this happening in the real world out there with real stocks...it's totally absurd what just happened.
In the real world after a stunt like this he would be bankrupt the next day.
Here people simply keep on buying?
Seriously?

You should read the 100TH thread and see what Tytus, the issuer, did.

Bottom line: engineering prowess does not mean stock market prowess.
452  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 03:43:58 PM
Out of frustration due to what?  That people wised up to the ridiculous inflated IPO price?

I'd say out of frustration from all the negativity in this thread... Jeez!
453  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 02:33:12 PM
Price has been dropping. If Ken is unable to meet the budget to fund his own VMC, he might lower the price again and again until 0.0008 which is the minimum price point he promised. I won't be surprised he would even break his promise as he had done that before. Good luck to all AMC shareholders.

The funding for the chip is already guaranteed, thanks to the initial shareholders (revenue from bought hardware) and current sales so far.

.0025 Shares sold on Bifunder: 432,649
.0025 Shares sold on BTC-TC: 511,678
Total: 944,327

944323/4000000 = 0.23608075 = ~23.6 % funded

Thanks! Smiley

The raised capital from those is already more than enough. Even if not a single more share is sold, and considering tough difficulty estimates, the revenue from the incoming hardware (especially the 20.000 Avalon chips) is more than enough to put AMC above the $1M mark (see last row).


454  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 02:31:06 PM
I don't get the part AMC is using its shareholder's money to fund the project of VMC and only get 10% royalty in return.

No, AMC is loaning $1M to VMC to pay for the NRE costs. That $1M is completely recovered by AMC at the expense of VMC forfeiting 100% chip sales profits to AMC, until that $1M is returned.

Only then AMC gets 10% royalty.

Overall, AMC gets a "free" NRE and 10% royalty from there on.
455  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 02:15:10 PM
Learn how CafePress works before you post more shits on the matter.

There is no proof whatsoever eASIC ever heard of AMC or is about to make chips for AMC, VMC or whatever. The news is as valuable as me saying
AMD or Intel will be designing my own ASIC chips.

we are going with eASIC

Prove it.

You are asking the wrong questions. When you invest into something, you have to value the entry price vs risk/reward.

When I bought my first AMC shares at 0.0005, there was no hardware delivered, only a promise of 6 avalons. Thus, the price reflected the risk then. From there on, many more hardware has been purchased, and the 6 avalons delivered, so the risk gets smaller.

What you are asking is "Is the 0.0025 price justified at the current risk?". Maybe not for you. Maybe it can only be justified for you after there is an official PR from eASIC. Everyone values risk differently.

Do you see any mention of AMC, VMC, kslaughter, Bitcoin mining or something along those lines? It is just generic corporate news, dumbfuck.

That post was about the validity of the easicopy process, and how it enables a seamless transition to cheaper and more efficient chips.

If you do not believe AMC is getting eASIC to do the chips, then do not buy AMC at the current price point/risk. Define what risk you choose to accept first.
456  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 01:10:44 PM
Seems to be .0022/23 currently. If you're right, im thinking .0018 or/and then, .0014

https://bitcointalk.org/index.php?topic=158806.msg2602610#msg2602610

https://bitcointalk.org/index.php?topic=158806.msg2602698#msg2602698
457  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 12:32:35 PM
Some more information about eASIC:

"eASIC's vision and technology": https://www.youtube.com/watch?v=aQsvbvv2Dww&hd=1

"The Big eASY, eASIC Debuts 45nm FPGA Killer", a 2008 article that explains very well their eCell design, please read it attentively: http://www.eejournal.com/archives/articles/20080805_easy/

"The devices use a logic cell structure that is analogous to the LUT fabric of an FPGA, but programming is accomplished by a “configurable via” that bridges between routing metal layers.  Since this is a single mask layer, there is very little cost or risk involved in programming/customizing the devices.  Furthermore, in early production, the via layer can be programmed via e-beam, allowing for very small (as in 1 unit) production runs.  The company can easily produce a wafer with many designs from different companies, so there is no “minimum quantity” issue for setting up the fabrication process."
458  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 11:55:50 AM
I want to know more about eASIC. How do they perform their simulations? Can we see some of the 16 GH/s results? I don't ask these questions out of skepticism. I ask out of enthusiasm. A little bit of evidence could re-energize shareholders and draw in new investment. Also, does AMC have some sort of exclusive arrangement with eASIC?, in other words, eASIC won't develop hashing chips for other miners while under contract with AMC? Or at least AMC's design would be proprietary? Anything about these potential partners would be helpful.

You are correct, the more released information, the better.

Simulations take a few days to run, and should be pretty accurate, due to the way the chip structure is already built (this is not a fully custom design, just using a custom metal layer on standardized logic circuits, their "eCells").

I'm sure they'll do a press release after the first part of the NRE is paid.

I'm not sure about the exclusivity for all chips (there's still an NDA in place), but yes, AMC's design is proprietary, so no one else gets that.
459  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 11:09:20 AM
Why then sell more shares if that's not necessary? Or why not sell the same amount of shares but at a lower price?
It's a honest question.

The more are sold, the faster AMC gets everything rolling, instead of waiting for dividends. True, AMC could stop selling, and just pay the NRE in fractions (which is probably going to happen anyway).

Selling shares at a lower price would be very bad for investors that bought at .0025 already. That price can be justified (yes, I know, not everyone agrees!!!) as they are now getting into AMC at a much less riskier price point.

Remember that it was thanks to initial investors that AMC has all the above hardware coming. If not for them, we would be in doubt right now if there would be enough $ to pay the NRE. Thanks to them, there isn't. Smiley
460  Economy / Securities / Re: [AMC]-The Official Active Mining Cooperative Discussion on: June 28, 2013, 10:52:29 AM
.0025 Shares sold on Bifunder: 432,649
.0025 Shares sold on BTC-TC: 511,678
Total: 944,327

944323/4000000 = 0.23608075 = ~23.6 % funded

Thanks! Smiley

The raised capital from those is already more than enough. Even if not a single more share is sold, and considering tough difficulty estimates, the revenue from the incoming hardware (especially the 20.000 Avalon chips) is more than enough to put AMC above the $1M mark (see last row).

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