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Please don't let Ripple gain traction.
They will advertise Bitcoin being really important, and a great foundation for our superior system that is designed to replace it.
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Isn't this weak? Surely a miner could easily 51% attack these local coins.
I think building on top of Bitcoin is the better way, the 51% problem is no longer yours and you also increase the value of Bitcoin itself.
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okay; a short question:
Since we are not really selling any boards; caused by the low btc price or the bad PR( doesn't matter why), what are we doing with all the boards which will be produced next month?
Mining would be the best solution, bu as i remember the data center rented by activemining only supports up to 800/900 Th/s? And with all these boards produced we would have a lot more than 900 Th/s, or did is miss something?
I would hope it'll be profitable to run another space for more cards. If we can mine profitably then just get another datacenter. |
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Thanks for the pics ken. Just to be clear though: 197 Items in stock Does this mean we have sold 3 or 103 units? I pretty sure we have sold 3. So many people were putting in spam orders. |
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Ok I will apologize if Ken is lying.
Ken explicitly said he is building the boards based on Hashfast's reference design. Is this not the case?
Its hashfasts board. He is only manufacturing it. Nothing on this miner aside from the strange looking heatsink is designed by vmc. Yeah it's their design, but Ken is still producing the boards, which is what he said. However I interpreted MrTeal as saying that VMC is getting the boards from Hashfast before the pre-order customers, which is not the case. Ken has said many times that he is using their reference design and building the boards himself. I consider this good because it means whatever engineering company we are working with are competent and when it comes to building our own ASIC, we now have expertise in building boards. It's a far better situation than just buying the entire lot from Hashfast where every component is marked up. |
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I think MrTeal should apologize for jumping to such conclusions.
Makes sense though, destroy your competition any way you can.
I think ken should apologize for the heaps of bullshit coming from VMC. Boards and chips are still branded "fast-hash" even though they are just putting together and reselling hashfast hardware. Ok I will apologize if Ken is lying. Ken explicitly said he is building the boards based on Hashfast's reference design. Is this not the case? |
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I'll take your word for it. I (think i) heard you're dealing with those, any idea what a 100-lot would cost?
Thanks. .
I've just seen them. We're doing a board design based on the HashFast chip, we aren't using their design and we're definitely not buying boards from them. It's more than a little disconcerting that they're selling boards to AMC/VMC that should have gone to people who ordered back in August or September. We did not buy boards from hashfast, we had our own boards manufactured using hashfast reference design. So, we did not take any boards away from hashfast's pre-order customers. I think MrTeal should apologize for jumping to such conclusions. Makes sense though, destroy your competition any way you can. |
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So now we know we can create boards, how long until we have our own 28nm? Any ideas Ken?
Also can we be allowed to trade on CT?
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I meant out of the 5,000 Gold Rush boards, how many are you planning on mining with?
I would imagine Ken would try to sell all of them because if we convert sales into bitcoin it'll always work out better to sell them. However I would imagine selling that many boards would be hard so we'll end up mining a lot. |
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Ken. I wouldn't worry too much about the bitcoin price. A lot of indicators point to a surge in a few months. We just need to mine as much coin as possible.
Remember even if China and all of Asia ban Bitcoin, we only need one major European country to expload in Bitcoin usage and then we'll have the price increases we all want.
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Well done Ken this is incredible progress.
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Has anyone considered that if the price keeps dropping there won't be much point in mining?
Or am I missing something?
...man I shoulda jumped with ffs et. al.
It's not worth mining if we sell the coins. If we hold then it becomes worthwhile in the long run. At this point with the resources we have no other option. Also it's likely another bubble event is within several months. If we could have our own ASIC by then we would be well positioned to make bank. |
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Just an update.
About 700TH/s (total) is being added to the network everyday.
More hashpower is added in several hours than we plan to have online in a month.
I really hope Ken can pull off some magic.
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I guess we will find out soon. If Ken made a deal with hashfast and is awaiting on these chips within the next few weeks, we'll soon know due to hashfast not being able to deliver.
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ab8989, does it seem likely ActiveMining is in possession of 200 golden nonce ASIC's?
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I think it is pretty obvious this is a rebranded Fast-Hash board with a Fast hash golden nonce chip.
So Ken can buy the boards for $1800 each
Any one know how much the chips cost if you buy them in 100 or 200 piece batches?
If we can get that information then we can see the profit on each sale.
Then we can assess if if it better to mine with these or sell them (my best guess would be that it makes more sense to sell them)
The big question is, how many boards/chips do we have to resell before we have enough profits after tax to finally build a competitive ASIC? We will need to make at least $5,000,000 in after tax profits which brings us to $10,000,000 because of the other half that gets divided out to the shareholders. |
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No, I'm talking about how if left to your own devices you lot could convince yourselves that Man hadn't stepped foot on the Moon. Anyway, we could go round in circles on that one. I try as much as possible to always add something, even just a little thing to my posts, which may help improve things for the better. If all of you did the same thing, rather than merely posting negative comments and leaving them to fester (yes I'm looking at you DTS, among others) then we might even make progress. But maybe that's beyond some people's grasp. Hey-ho.
Ken, this thing about photos as evidence; publishing photos, as I believe you have said you now will, could certainly improve our sales. It won't stop the cynics and fudsters as they'll just move onto another aspect of the business and continue bashing because that is what they do.
The thing is, if hundreds of customers got hold of our cards and we were also hashing with several hundred TH/s, eventually the critics would have to leave and admit defeat. I happily await that day. |
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Was discussed before, isn't it a fault with the CT log?
Not sure how that can be, even double UKYO's shares does not explain 700,000+ EDIT: I don't buy it. I am not willing to believe that the log accounts for three times the shares issued. And surely that mistake would have been corrected by now. |
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Why does CryptoTrade show this: 762175 / 25000000 Outstanding Why are 762,175 shares in the wild? UKYO had less than 300,000 shares. Someone is getting preferential treatment and will be able to sell on good news before anyone else. This is not fair and pure manipulation of the price. I wonder who else issued 400,000+ shares... |
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So the consensus is we either sold no boards (people putting in fake orders) or Ken bought all the cards with either AMC or VMC, which basically means no dividends.
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