[ActiveMining] The Official Active Mining Discussion Thread

[lophie]

Shares selling below .006 ...aaand they're gone.

plenty of cheap shares at bitfunder

<3

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[VinceSamios]

\The fact of the matter is, multiple groups are trying to get into the industrial mining game and are offering IPOs.
Most of them are trying to get money together from other people to order mining equipment. Of all the new companies, only ActM is assembling their own equipment and looking to design their own chips. BFL is a big, terrible joke. AsicMiner stock is slipping and who knows when and what they will produce next. Although those USB Eruptors are brilliant. They make mining available to everyone, even if the ROI is months. It at least gives more people a chance to experience mining and understand it.  My hopes and expectations are that ActM will have its FastHash machine out by October.  Who needs another IPO? Any money I might have spent on a mining IPO will instead be spent buying a Fast Hash 80 and perhaps another Fast Hash machine.

Just so you know, both Labcoin and BitGarden are also producing their own ASICs.

If you can call asic's on 130nm tech "asics" (I know they are, its just such oldhat technology)

[redbeans2012]

\The fact of the matter is, multiple groups are trying to get into the industrial mining game and are offering IPOs.
Most of them are trying to get money together from other people to order mining equipment. Of all the new companies, only ActM is assembling their own equipment and looking to design their own chips. BFL is a big, terrible joke. AsicMiner stock is slipping and who knows when and what they will produce next. Although those USB Eruptors are brilliant. They make mining available to everyone, even if the ROI is months. It at least gives more people a chance to experience mining and understand it.  My hopes and expectations are that ActM will have its FastHash machine out by October.  Who needs another IPO? Any money I might have spent on a mining IPO will instead be spent buying a Fast Hash 80 and perhaps another Fast Hash machine.

Just so you know, both Labcoin and BitGarden are also producing their own ASICs.

If you can call asic's on 130nm tech "asics" (I know they are, its just such oldhat technology)

But they are in china.  They know people. :p

[yuansuyi]

\The fact of the matter is, multiple groups are trying to get into the industrial mining game and are offering IPOs.
Most of them are trying to get money together from other people to order mining equipment. Of all the new companies, only ActM is assembling their own equipment and looking to design their own chips. BFL is a big, terrible joke. AsicMiner stock is slipping and who knows when and what they will produce next. Although those USB Eruptors are brilliant. They make mining available to everyone, even if the ROI is months. It at least gives more people a chance to experience mining and understand it.  My hopes and expectations are that ActM will have its FastHash machine out by October.  Who needs another IPO? Any money I might have spent on a mining IPO will instead be spent buying a Fast Hash 80 and perhaps another Fast Hash machine.

Just so you know, both Labcoin and BitGarden are also producing their own ASICs.

If you can call asic's on 130nm tech "asics" (I know they are, its just such oldhat technology)

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

[Vbs]

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?

Edit: https://bitcointalk.org/index.php?topic=252531.msg2890082#msg2890082

[stereotype]

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?

TBH Vbs, i dont really know or understand what those two companies are promising. The lack of easily digestible, and consistent information/communication is at best, questionable.

[VinceSamios]

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?

ASICMiner has hit their glass ceiling and are basically floundering to be fair, simply because they are on old tech.

[deizel]

[Vbs]

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?

TBH Vbs, i dont really know or understand what those two companies are promising. The lack of easily digestible, and consistent information/communication is at best, questionable.

They came to the market one year late and are now grasping to stick around. The fact >90% here don't understand the technical data makes them easy grabs.

ASICMiner has hit their glass ceiling and are basically floundering to be fair, simply because they are on old tech.

The fact they haven't yet deployed their inital 12TH + 50TH after all this time is a dead giveaway. They are currently at ~40TH, so that's ~4000 blades at 83W each, 332kW (more like ~370kW@90% efficient power delivery). Their power infrastructure must be on their knees, that's why they try to sell as much as they can instead of putting them operational. They know they would only be increasing the size of the elephant. I like how these new 130nm IPOs think they can solve this problem with just some finger snapping.

[JordanL]

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?

ASICMiner has hit their glass ceiling and are basically floundering to be fair, simply because they are on old tech.

ASICMINER's next generation chips will be out by November... do you honestly think any of these IPOs will produce functional products by then? We don't know the specs of the next AM chips... but there is every reason to assume they will be in line with the specs these other companies are promising, if not superior.

The primary difference is that ASICMINER has proven that they can deliver.

[Vbs]

ASICMINER's next generation chips will be out by November... do you honestly think any of these IPOs will produce functional products by then? We don't know the specs of the next AM chips... but there is every reason to assume they will be in line with the specs these other companies are promising, if not superior.

The primary difference is that ASICMINER has proven that they can deliver.

Oh, I have much more faith in them than any of the new hacked IPO's appearing with new chips properly designed.

The only exception for me is ActM (eAsic) and KnC (ORSoC), even though I'm really doubtful of KnC: they seem to have designed a 192 core chip at ~500MHz, 0.9V. That's a very very very big gamble. In the end, I'm expecting they will have to cut on the frequency to 300-400MHz and up the voltage 1.0+V to get that behemoth working.

(and let's not even talk about the problem of having 4 of those together generating 250W of heat each)

[VinceSamios]

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?

ASICMiner has hit their glass ceiling and are basically floundering to be fair, simply because they are on old tech.

ASICMINER's next generation chips will be out by November... do you honestly think any of these IPOs will produce functional products by then? We don't know the specs of the next AM chips... but there is every reason to assume they will be in line with the specs these other companies are promising, if not superior.

The primary difference is that ASICMINER has proven that they can deliver.

Great so... lets invest in an unknown. I don't doubt they'll come up with something awesome, but they also have a glass ceiling in the percentage of network hash rate they can take. They've currently got 12% of network hash rate, so they could double that, but not really any more than double... that's their major class ceiling. Whereas ActM can increase their hashrate by a few hundred times, plus hardware sales.

[Mabsark]

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?

No, AM are using 130nm, Avalon are the ones using 110nm.

[Vbs]

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?

No, AM are using 130nm, Avalon are the ones using 110nm.

Damn, you are quite right!

Update

A lot of great thing happened last week. We wiped over the obstacles (infrastructure and paperwork) on deploying and put a lot of our available hashrate online. We also did a significant improvement (power, design, appearance) on the USB stick from the sample batch to the production batch.

For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.

Interesting that friedcat considers that their "IC design team had achieved fantastic results", while the newer 130nm guys all think they can produce much much better chips...

[VinceSamios]

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?

No, AM are using 130nm, Avalon are the ones using 110nm.

Damn, you are quite right!

Update

A lot of great thing happened last week. We wiped over the obstacles (infrastructure and paperwork) on deploying and put a lot of our available hashrate online. We also did a significant improvement (power, design, appearance) on the USB stick from the sample batch to the production batch.

For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.

Interesting that friedcat considers that their "IC design team had achieved fantastic results", while the newer 130nm guys all think they can produce much much better chips...

They achieved fantastic results because they were the first (?) to get ASIC's hashing - its also interesting that friedcat openly says (and rightly so) that 130nm tech is basically a joke. But the joke is on the companies coming to market NOW with joke tech. I'm expecting AM to replace their tech with 45nm or so... they've got the money for it now.

[yuansuyi]

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?

I am sure that AM is mining with 130nm.

[Vbs]

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?

I am sure that AM is mining with 130nm.

Mind reading 2 posts above yours?

https://bitcointalk.org/index.php?topic=252531.msg2890082#msg2890082

[yuansuyi]

Just in case you don't know,  ASICMiner is mining with these oldhat tech 130nm "ASIC" chips.

No, Asicminer is mining with oldhat, but less older, 110nm ones. Labcoin and Btcgarden preferred to go to even older tech at 130nm and promise better chips. Great promises right?

I am sure that AM is mining with 130nm.

Mind reading 2 posts above yours?

https://bitcointalk.org/index.php?topic=252531.msg2890082#msg2890082

Sorry, i was posting from my phone, not read it.

back to topic.

With FastHash machine going to delliver in Oct/Nov, do you think Ken will earn back investment in Avalon clones?

About AM's hardware sale, It's only because selling is more profitable than mining, and buyer will never earn back their investment by mining, nothing to do with power issues. With Avalon start to deliver,  it's good point for AM to sell backup chips(or order more chips from fabs)for quick profit ASAP.

[TsuyokuNaritai]

ASICMINER's next generation chips will be out by November... do you honestly think any of these IPOs will produce functional products by then? We don't know the specs of the next AM chips... but there is every reason to assume they will be in line with the specs these other companies are promising, if not superior.

The primary difference is that ASICMINER has proven that they can deliver.

Great so... lets invest in an unknown. I don't doubt they'll come up with something awesome, but they also have a glass ceiling in the percentage of network hash rate they can take. They've currently got 12% of network hash rate, so they could double that, but not really any more than double... that's their major class ceiling. Whereas ActM can increase their hashrate by a few hundred times, plus hardware sales.

Their franchising plans means no hashrate glass ceiling. Plus hardware sales.

[VinceSamios]

ASICMINER's next generation chips will be out by November... do you honestly think any of these IPOs will produce functional products by then? We don't know the specs of the next AM chips... but there is every reason to assume they will be in line with the specs these other companies are promising, if not superior.

The primary difference is that ASICMINER has proven that they can deliver.

Great so... lets invest in an unknown. I don't doubt they'll come up with something awesome, but they also have a glass ceiling in the percentage of network hash rate they can take. They've currently got 12% of network hash rate, so they could double that, but not really any more than double... that's their major class ceiling. Whereas ActM can increase their hashrate by a few hundred times, plus hardware sales.

Their franchising plans means no hashrate glass ceiling. Plus hardware sales.

well no... because... if they go above certain percentages they create fear of a 51% attack (really only about 30% needed sporadically) which completely undermines the value of bitcoin and by direct extension, any mining group or company.