Fast-Hash-400's 400 GH/s each

[kslaughter]

Working prototype demonstration before collecting money?

Just trying to find out what the interest is, not trying to sell anything here.

" 100 Fast-Hash-800's** @ 800 GH/s each for a total of: 80 TH/s Specifications: 45nm 6 GH/s chip 75 chips per board 2 boards per unit Estimated retail value @ ~$60,000 each for a total of $6,000,000 (Estimated to be delivered May 2013)"

Delivering in May 2013??

Typo, Wrong date should be May 2014, I get that changed.

[ragingazn628]

Working prototype demonstration before collecting money?

Just trying to find out what the interest is, not trying to sell anything here.

" 100 Fast-Hash-800's** @ 800 GH/s each for a total of: 80 TH/s Specifications: 45nm 6 GH/s chip 75 chips per board 2 boards per unit Estimated retail value @ ~$60,000 each for a total of $6,000,000 (Estimated to be delivered May 2013)"

Delivering in May 2013??

Wrong date should be May 2014, I get that changed.

BFL 2.0

[m3whiteknight]

BFL minirig was $30K for 1.5 Ths . Let say they double the price to $60K for 1.5Ths  . That will be around $40 per Ghs . Fast hand machine is 400Ghs  so 400 x $40 = $16K  .  That would be a fair deal, and a premium price around $20K will be the max that I will pay.

[m3whiteknight]

I also forgot that BFL rig is self contain. Fast hand rig will be rack mount so add additional cost to buy rack and setup etc.... to the final cost.

[steamboat]

In regards to your landing page advertisement for "FAST-HASH-XX's":
Claim 80 GH/s from 4 modules, each producing 20GH/s. How can the modules produce 20GH/s if the chips produce 6?

These are our Fast-Hash-XXX series, those are the Fast-Hash-XX series

Are you insinuating you have at least two different chips producing two different hashrates? Last I checked. 6x3=18, and 6x4=24, and neither of those solutions =20

Miner is priced in BTC at 75, Module upgrades priced in dollars at $1500. Why the discrepancy in pricing mechanism?

Still working on the site.  It will be cleaned up soon.

You claim the miner is AM3+ compatible, and contains an AMD 8350. Why?

"Fast-Hash Is The Gold Standard Of Bitcoin Mining Machines"

The "Gold Standard" would be the most efficient miner possible, not a machine that wastes resources on frivolous chips.

miner gets 66MH/w, assuming it only uses 1200 of the 1500 watt power supply, 53 if it runs at capacity. (Avalon is 100 if memory serves)

2GB ram, upgradeable to 32GB. Why?

USB 3.0. Why?

Why Not!

Because none of it is necessary, the excess increases initial outlay, and reduces ROI?

All your product pages are the same placeholder. Why?
" AMC is developing ASIC chips on the 45nm and soon the 28nm process. AMC's ASIC 45nm chips will have fast speeds of 6 to 9 GH/s with low power usage." Do you not have working chips yet? How do you propose to get from no working chips to shipping in 2 months?

That is for me to know and you to find out.

Let me be more blunt. Do you have working chips?

When clicking "read more" on http://www.virtualminingcorp.com/amc-more.html, the following shows up:

100 Fast-Hash-80's** @ 80 GH/s each for a total of: 8 TH/s Specifications: 110nm 282 MH/s chip 75 chips per board 4 boards per unit Estimated retail value @ ~$6,000 each for a total of $600,000 (Estimated to be delivered August 2013)

100 Fast-Hash-80's** @ 80 GH/s each for a total of: 8 TH/s Specifications: 110nm 282 MH/s chip 75 chips per board 4 boards per unit Estimated retail value @ ~$6,000 each for a total of $600,000 (Estimated to be delivered February 2013)

100 Fast-Hash-400's** @ 400 GH/s each for a total of: 40 TH/s Specifications: 45nm 6 GH/s chip 75 chips per board 1 board per unit Estimated retail value @ ~$30,000 each for a total of $3,000,000 (Estimated to be delivered March 2014)

100 Fast-Hash-800's** @ 800 GH/s each for a total of: 80 TH/s Specifications: 45nm 6 GH/s chip 75 chips per board 2 boards per unit Estimated retail value @ ~$60,000 each for a total of $6,000,000 (Estimated to be delivered May 2013)


There is much, much more, but I think this is enough to answer to for now.

The above is for our mining cooperative.

Are you saying Your mining coop has been running 8TH/s since February, and you're about to bring 80TH/s online?

[milone]

If these things have not actually been made yet, why 100nm, 45nm, and 28nm processes? Wouldn't you pick one during the design process? You're supposedly designing asics using all three according to your website, so you're designing the first gen at the same time as the second gen and third gen? Or you're designing three separate chips because you have more money and engineers than you know what to do with? A sort of competition between engineering teams to help motivate them, is that it?

Also, under Services, nothing happens when you click on Proven Designs In Our Fash-Hash Series, which I think is appropriate. Nothing happens when you click on any of your services, which may be the most honest thing about this whole scheme. Your domain was first registered in March 2013, but your website claims

VMC has more than 30 Years of experience in design software for the PC including device drivers and GUI interfaces.

A little long to get a website up for a software company.

All in all I'd say everything looks on the up-and-up and I cannot wait to hand over all my money to you as soon as I get it from the Nigerian prince! I wouldn't be critical since you're not taking pre-orders on your website for these imaginary miners yet, but you are currently attempting to sell 25 million shares on bitfunder for a service that doesn't exist without anything whatsoever backing it up and information that really doesn't make sense, which steamboat has pointed out. You're either running a scam or incredibly incompetent.

For anyone seriously thinking this is legitimate, read the "AMC Press Releases" on bitfunder: https://bitfunder.com/asset/AMC. If I am proven wrong I will gladly retract all of my comments.

If I may offer a personal opinion, I think the website needs more stock images of people in offices that have absolutely nothing to do with mining.

Also, Can2It.com, the other company you're "CEO" of, is down. You may want to look into that.

Edit:
From another thread: https://bitcointalk.org/index.php?topic=158806.msg1979111#msg1979111

Sorry for the delay in answering you post.  Our estimated delivery on our Fast-Hash-XX series (20-80 GHs) is August 2013.  We are purchasing Avalon chips which they say that can be supplies from TSMC is 9-10 weeks.  We are ready have the machines designed, we just need to spin up the Printed Circuit Boards (PCB)s get the Avalon chips and have them installed on the board.  After we receive the boards we would install them in our already design rack-mountable cases.  The rest of the system is off the shelf components which are readily available.  At the same time we will start our 45nm development project.

So you're buying Avalon chips? Why not mention that here? I thought Avalon was 110nm, so now we're on our fourth different process. Then you're designing your own 45nm chips? What about the 28nm chips you have on your website? If you have designed the machines, where are the pictures? Where are pictures of the rack-mountable cases you already designed? Why is your website filled with photos of people in offices and not pictures of those? If you just put the website together I would think you would have put some effort into it before gauging the market for your $30,000 products. Every detail is going to be scrutinized when you're trying to sell something that costs that much money.

[k9quaint]

For now, I will merely eat some

[Cablez]

Depending on how it all shakes out I might be interested but I refuse to pre-order anything again.  There is no need to gauge interest around here, develop a product that can generate a 'fair' ROI without breaking the bank (or for that matter electricity costs) and you will be swimming in orders before you can upgrade your infrastructure.

Show us something that works and works well and I will show you an avalanche of new business.

[kslaughter]

Lack of substance on the website.
Smells fishy.

Just got the web site put together, not trying to sell anything at the point.  Just trying
to get some information.  See updated poll above.

[kslaughter]

BFL minirig was $30K for 1.5 Ths . Let say they double the price to $60K for 1.5Ths  . That will be around $40 per Ghs . Fast hand machine is 400Ghs  so 400 x $40 = $16K  .  That would be a fair deal, and a premium price around $20K will be the max that I will pay.

Just reduced it to $15,000.

[kslaughter]

I also forgot that BFL rig is self contain. Fast hand rig will be rack mount so add additional cost to buy rack and setup etc.... to the final cost.

Did not say the it was Rack Mounted, it is Rack Mountable, only if you want it that way.

[kslaughter]

If these things have not actually been made yet, why 100nm, 45nm, and 28nm processes? Wouldn't you pick one during the design process? You're supposedly designing asics using all three according to your website, so you're designing the first gen at the same time as the second gen and third gen? Or you're designing three separate chips because you have more money and engineers than you know what to do with? A sort of competition between engineering teams to help motivate them, is that it?

Also, under Services, nothing happens when you click on Proven Designs In Our Fash-Hash Series, which I think is appropriate. Nothing happens when you click on any of your services, which may be the most honest thing about this whole scheme. Your domain was first registered in March 2013, but your website claims

VMC has more than 30 Years of experience in design software for the PC including device drivers and GUI interfaces.

A little long to get a website up for a software company.

All in all I'd say everything looks on the up-and-up and I cannot wait to hand over all my money to you as soon as I get it from the Nigerian prince! I wouldn't be critical since you're not taking pre-orders on your website for these imaginary miners yet, but you are currently attempting to sell 25 million shares on bitfunder for a service that doesn't exist without anything whatsoever backing it up and information that really doesn't make sense, which steamboat has pointed out. You're either running a scam or incredibly incompetent.

For anyone seriously thinking this is legitimate, read the "AMC Press Releases" on bitfunder: https://bitfunder.com/asset/AMC. If I am proven wrong I will gladly retract all of my comments.

If I may offer a personal opinion, I think the website needs more stock images of people in offices that have absolutely nothing to do with mining.

Also, Can2It.com, the other company you're "CEO" of, is down. You may want to look into that.

Edit:
From another thread: https://bitcointalk.org/index.php?topic=158806.msg1979111#msg1979111

Sorry for the delay in answering you post.  Our estimated delivery on our Fast-Hash-XX series (20-80 GHs) is August 2013.  We are purchasing Avalon chips which they say that can be supplies from TSMC is 9-10 weeks.  We are ready have the machines designed, we just need to spin up the Printed Circuit Boards (PCB)s get the Avalon chips and have them installed on the board.  After we receive the boards we would install them in our already design rack-mountable cases.  The rest of the system is off the shelf components which are readily available.  At the same time we will start our 45nm development project.

So you're buying Avalon chips? Why not mention that here? I thought Avalon was 110nm, so now we're on our fourth different process. Then you're designing your own 45nm chips? What about the 28nm chips you have on your website? If you have designed the machines, where are the pictures? Where are pictures of the rack-mountable cases you already designed? Why is your website filled with photos of people in offices and not pictures of those? If you just put the website together I would think you would have put some effort into it before gauging the market for your $30,000 products. Every detail is going to be scrutinized when you're trying to sell something that costs that much money.

Maybe the 100nm is a typo, we are using Avalon chips for our Fast-Hash-XX series 20 GH/s - 80 GH/s.

Not trying to sell you anything here, just trying to get a little information.

[kslaughter]

Depending on how it all shakes out I might be interested but I refuse to pre-order anything again.  There is no need to gauge interest around here, develop a product that can generate a 'fair' ROI without breaking the bank (or for that matter electricity costs) and you will be swimming in orders before you can upgrade your infrastructure.

Show us something that works and works well and I will show you an avalanche of new business.

Yes, I know that, but a Major Semiconductor Company does not.

[milone]

Just reduced it to $15,000.

Wow, you clearly haven't put any time into this if you can just reduce the cost of your asic by $15,000/50% 20 minutes after someone points out how ridiculous the price is. I thought you had already designed the machines and cases?

We are ready have the machines designed, we just need to spin up the Printed Circuit Boards (PCB)s get the Avalon chips and have them installed on the board.  After we receive the boards we would install them in our already design rack-mountable cases.  The rest of the system is off the shelf components which are readily available.  At the same time we will start our 45nm development project.

That would imply you've done some sort of cost analysis or at least opened Calculator. That one brain cell I had telling me maybe I'm wrong about this just killed itself out of embarrassment.

SPRINGFIELD, MO, – March 23, 2013 – AMC a hybrid mining and development cooperative has announced today that they are in talks with a Major Semiconductor Company which can provide ASIC's with lower up-front development cost, time, and reduced risk which are greatly reduced over other ASIC's. AMC said "With their simplified design flow, the time from RTL to device tape-out is typically only five to ten weeks for prototypes. This enables AMC's designers to bring new Bitcoin mining products on line quickly; then rapidly develop derivative products to cater to the Bitcoin's changing market requirements.

If you want to build asics, build asics. You'll have no problem selling them. But when you start selling shares and giving specs and saying how you can build them "better, cheaper, and faster than the other asics"... it reads scam. Build something, at least a prototype, and then come here and see what the demand is for it. If we have learned anything it is that building asics from scratch might be just a little bit harder than many realize.

By the way, what is "reduced risk which are greatly reduced over other ASIC's"? What risks are you referring to?

[optimator]

Be careful what you are asking.....

Easy math ( not exact, just easy): $15,000 = 150 btc. 400 gh/s = 15 btc / day. Break even = 10 days.

I'll take 10 please.

Ask me when 400 gh/s = 1.5 btc and I'll take zero.

[howdoin]

Be careful what you are asking.....

Easy math ( not exact, just easy): $15,000 = 150 btc. 400 gh/s = 15 btc / day. Break even = 10 days.

I'll take 10 please.

Ask me when 400 gh/s = 1.5 btc and I'll take zero.

I'll second that - if you can deliver 400ghash now (as stated in your edited original post) I'll take one unit. Deliver next month and I am less interested, deliver in July or August and I'd probably get better $/hash from dyi asics or maybe/possibly BFL in stock items...

[John (John K.)]

Now? If the prices aren't exorbitant... *throws bicoin piggy bank at kslaughter, provided escrow is used or he sends first*
Probably later? Nah. 

[aTg]

BadBear move the thread to speculation subforum no?

[Sitarow]

Depending on how it all shakes out I might be interested but I refuse to pre-order anything again.  There is no need to gauge interest around here, develop a product that can generate a 'fair' ROI without breaking the bank (or for that matter electricity costs) and you will be swimming in orders before you can upgrade your infrastructure.

Show us something that works and works well and I will show you an avalanche of new business.

Build it and they will come.

[dan99]

let me know when is ready ..