[ActiveMining] The Official Active Mining Discussion Thread

[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.

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.

Hardware Franchising

This is a new business model option besides self-mining and hardware sales. We will rent the excessive hashing power to financial and technical capable people, accepting full deposits at the market price, shipping the devices and collecting a certain PPS rate based on the theoretical hashrate. The PPS rate, the dividing of cost coverage, as well as warranty/exit strategy are being discussed in detail and executed as small-scale experiments.

This model is similar to hardware sales in the aspect that we do not have in control on how the users make use of our devices, therefore has more decentralization in spirit. And like with self-mining, it aims at settings in scale, enjoying the reduction of NRE cost and operating cost overall, and reducing potential marketing/advertisement/customer service costs.

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[Exocyst]

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, potential franchises will have to consider the value proposition of the cost of operating an ASICMINER franchise versus holding mining security, buying hardware with higher GH/watt, or investing in growth funds. There are no sure bets (especially in bitcoin).

[kleeck]

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, potential franchises will have to consider the value proposition of the cost of operating an ASICMINER franchise versus holding mining security, buying hardware with higher GH/watt, or investing in growth funds. There are no sure bets (especially in bitcoin).

This is the crux of it and a huge part of this decision is based on tech. Is the franchised mining operation going to run off of ASICMINER's 130nm technology? Is the benefit of the equipment being ran by AM worth whatever operational cost they charge? Will investing in something newer and more efficient (28nm?!) outweigh the cost of running and maintain the operation themselves? There are a number of variables in this CBA that will need to be weighed.

[adub]

Hey does ActM get no love?

http://thegenesisblock.com/cointerra-500-ghs-chips-alydian-10-ths-hosting-and-icedrill-ipo-set-out-to-change-bitcoin-mining-landscape/

[canth]

ActM isn't mentioned because these are new IPOs. ActM is old school - weeks ago!

[Flashman]

Well they ballsed up the KNC specs... definitely sending a message at the Genesis block lately, and the message is "Fact checking has left the building"

[knybe]

c'mon whales! dump sumore!!

I like cheap ass shares too

[N_S]

What's the general consensus about this coming Avalon news?: https://bitcointalk.org/index.php?topic=269950.0

There seems to be quite a bit of FUD being passed around about this. Thoughts?

[zumzero]

".. expect lots of news tomorrow"

We would hope for a reason to be given for the delays, an explanation as to what has or is being done to remedy the situation and a new set of dates for delivery.  This would be 'lots' of news.

[Ozymandias]

I just want my fricken refund from them, 100btc could pick up a decent chunk of shares

[Mabsark]

I still don't understand why you would invest $28,000 as early as you did.  Why not wait a few days?

Perhaps you were trying to kick start a buying frenzy.  Brave but not wise?  I would advise taking the hit right now and selling for a lower price, although this would accelerate the demise of the stock.   At least this would allow you precious time to reinvest into ActM and possibly buy back in before the impending good news.

Always be first to panic buy/sell.  HashFast + Deadterra = frenzy, with or without me.

I need some tech support from Vbs or Ken before getting back in ACTM. 

My brain's EECS well is almost dry.  Quantum lithography?  Sure, common knowledge.

Iterative vs. rolled vs. unrolled cores?  Ummm, ELI30 ploz....      

Which is more faster?  Which is ACTM using?

Will our giant semi-premade cores have better heat dissipation from being more widely spaced?

It always baffles me that people are willing to believe any old nonsense when they can quite easily check the facts for themselves. I tried to goad you into tripping yourself up, but you didn't respond to my post.

According to the trade history on BitFunder, there hasn't been a purchase of 200,000 shares.

[zumzero]

I had already checked the trade history, and had previously noticed two lots of 100,000 shares being bought on day 1 of the IPO.  These transactions were just over one hour apart.

[Flashman]

Or maybe he was sneaky and bought 99,999 then 99,999 and 2

[Panterino]

where are the pictures of the prototype?

[iCEBREAKER]

oh no, please, anything but getting my bitcoins returned!  

(I read the prospectus before buying 200,000 shares, and like the potential reward with risk limited to opportunity cost.)

Good luck you too!

You bought 200,000 ICEDRILL shares in one go?  I'm surprised share prices didn't drop lower. How many shares did you sell to in order to lend your money to someone for a week?

Never said "all in one go."  200k total.  Traded for 55k ACTM.

That's how the smart money moves, in front of the hot money and way ahead of the dumb money.

[damiano]

decent sized sell off

[superduh]

ken is running google ads for asics. would be nice if he made some report re that

[dexX7]

ken is running google ads for asics. would be nice if he made some report re that

That's happening for quite a while now (at least two weeks). He didn't ask for permission.

[N_S]

decent sized sell off

Yep, was able to pick up some shares under 0.005. Looks like it's bounced back a bit, but I'm hungry for some news.

I feel like a dog waiting for food.

[superduh]

ken is running google ads for asics. would be nice if he made some report re that

That's happening for quite a while now (at least two weeks). He didn't ask for permission.

not permission- more like conversion rate, views and analytics