IRC Chat Logs:
[21:12] <fiat500> >the feeling when another 15 million appear at 0.0005...
[21:13] <AMC___> Not 15M
[21:13] <fiat500> AMC___: its a joke
[21:13] <Wansyth> How many more share will be introduced to the market?
[21:13] <Wansyth> I can give you example amounts for each tier.
[21:15] <AMC___> Ok
[21:16] <AMC___> Just have to see how it goes.
[21:16] <fiat500> no more shares?
[21:16] <AMC___> I have a lot of work to do on VMC.
[21:16] <AMC___> Not at the moment.
[21:16] <fiat500> yeah you do, good luck
[21:17] <AMC___> I am trying to get the shopping cart to take bitcoins, so VMC can sell 20 machines for 8/31/2013 delivery.
[21:17] <AMC___> Anyone here want first shot at those?
[21:18] <fiat500> stats?
[21:18] <AMC___> Avalon Clones 80 GH/s Fast-Hash-80's
[21:19] <Wansyth> Honestly, I think posting machines for sale would be a bad move at this point in time.
[21:19] <Wansyth> The community really wouldn't care for that.
[21:20] <Wansyth> You might get a few orders, but you'd have better impact by waiting
[21:21] <AMC___> Can't wait, have to raise capital to pay for the NRE to semiconductor company. Not AMC's capital, but VMC's
[21:22] <Wansyth> You haven't raised enough capital to foot the bill with AMC?
[21:23] <BitHub> are you marrying the avalon chips to bkk boards?
[21:23] <AMC___> No, that is going into buy chips to increase the hash rate for the cooperative. VMC is going to foot the bill for the NRE for the chips.
[21:24] <AMC___> Some of the chips ordered on May 1 are going to bkk boards. 68 of them.
[21:24] <AMC___> The two 10,000 Avalon chip orders are going to boards we are spinning up starting this next week.
[21:25] <AMC___> Oh, I did tell anyone yet, that we ordered another 10,000 chips today.
[21:25] <AMC___> I did not*
[21:26] <fiat500> you told us earlier
whats expected delivery for those, 9-12 weeks?
[21:26] <AMC___> Max of $400,000 by the end of June.
[21:27] <fiat500> what happens if you dont get enough preorders for fast-hash machines
[21:27] <fiat500> i presume that means nothing gets made
[21:28] <AMC___> Yes, that is no going to happen, If I put up 20 machines for 8/31/2013 delivery, they will be gone in 6 hours at the most.
[21:28] <AMC___> I already have people wanting them from the show.
[21:29] <fiat500> lol
[21:29] <fiat500> naked orders
[21:30] <fiat500> you dont actually have any machines yet though, you dont think that is a problem?
[21:30] <fiat500> ah well, im just gonna cross my fingers and hope for the best
[21:30] <Wansyth> That's what I'm trying to explain. You should wait until you atleast have the Avalon ASICS before posting machines for sale.
[21:30] <fiat500> Wansyth: thats not what i meant
[21:31] <fiat500> i meant the idea of selling something that hasnt ever been built yet
[21:31] <AMC___> Who has machines that you can buy today and they will ship today.
[21:31] <Wansyth> Everyone will start feeling more comfortable after the first dividends.
[21:31] <fiat500> AMC___: i get your point, but these have not ever been built
[21:31] <AMC___> Well, it is a clone of the Avalon machine.
[21:31] <fiat500> ok, but how do people know you can do it
[21:32] <AMC___> Yes, they are Avalon's machines. We are using their reference boards and their chips.
[21:32] <fiat500> vultures on btctalk will not let this slide, whatever thread you set up for this they will destroy it
[21:32] <Wansyth> ^ I don't think people will be as receptive to the machines being place for sale as you think.
[21:32] <AMC___> Does not matter to me what the BitcoinTalk vultures say.
[21:32] <Wansyth> It actually does.
[21:33] <Wansyth> You have to look at this from a view of public relations.
[21:33] <AMC___> Well, I have to go, I need to use this screen to debug the shopping cart. Just have two screen now need three.
[21:34] <AMC___> Well, that is cause you are a PR guy.
[21:34] <AMC___> I am looking at it from the point, I need the cash to get my own chip going.
[21:34] <Wansyth> PR is probably your saving grace at this point.,
[21:35] <Red_> Hi Guy, Just join in. I just bought AMC
[21:35] <AMC___> I start shipping machine, that will be my saving grace.
[21:35] <AMC___> Thanks, you buy the last shares?
[21:35] <Wansyth> I got the last 5
[21:36] <AMC___> I was going to send some to an investor that can't get his money into weexchange, but none are left.
[21:36] <Red_> I am from China. I bought AMC last night
[21:37] <Red_> So AMC you are K. Slaughter?
[21:37] <AMC___> Hey, I have to go and get this shopping cart running tonight, I have to look at places to do manufacturing tomorrow.
[21:37] <BitHub>
https://bitfunder.com/asset/Kenilworth[21:37] <AMC___> Yes
[21:37] <ozbot> BitFunder.Com - Join the crowd, every BIT helps!
[21:37] <fiat500> AMC___: how much are you going to sell the 80's for?
[21:38] <AMC___> 86 BTC
[21:38] <AMC___> How many do you want?
[21:38] <AMC___> You can be on the top of the queue right now.
[21:39] <fiat500> AMC___: tbh, thats a bit pricey for 80GH/s
[21:39] <AMC___> Expandable to 1.28 TH/s
[21:39] <Red_> you are selling the avalon batch 2?
[21:39] <fiat500> i have 150GH/s coming from BFL that cost < 86btc total
[21:40] <AMC___> Maybe, but August delivery guaranteed. Lot nicer that the Avalon's
[21:40] <BitHub> guys?
[21:40] <AMC___> Yes, I know BFL is cheaper, but the Avalon chips are high.
[21:40] <Red_> BFL starts to sell chips, which will buy them 100 days hopefully
[21:40] <le2> have the avalon ships even started shipping yet?
[21:40] <le2> chips*
[21:41] <AMC___> Yes, but with there reputation, do you know when you will get them.