[ActiveMining] The Official Active Mining Discussion Thread

[ronaldlee0917]

They have six days to raise over 20,000 btc or the IPO fails. 

And on Bitfunder.......
Most likely a failure.

[redbeans2012]

"Don't get left holding the bag!"

****

You're trying too hard.

[Vbs]

What's today's FUD menu? Hashfast?

Always interesting to see rushed chips popping out almost daily.

I don't say, that such an implementation is impossible. But it's is extremely risky and the thermal and power issue will be the hell. And based on what they have shown so far, I would say they are far away from tape-out.

Thermal and power and simultaneous switching noise. Standard cell libraries are designed for standard toggle rates. SHA-2 is very close to the theoretical maximum toggle probability (when doing the approximate/probabilistic power/thermal/noise simulations).

Is there any evidence that Uniquify designed a IC that required a heatsink? Or are they experienced CAD-monkeys that "design" ICs by cutting and pasting "intellectual property" black boxes to create SoC-s for the portable and battery-operated market segments?

It would also probably help to define what the word "risk" means here. It isn't the risk of getting a non-working or extremaly bad yielding chip. The risk is that the chip has to be severely derated to actually work. And by derated I mean underclock but overvolt to combat the internal noise in the chip.

The helveticoin user was also from some established ASIC design house and they had 28nm prototype hashing chips either late last year or early this year. But their design seems to be non-viable commercially because it was designed like just another integrated peripheral for the SoC CPU.

[CMMPro]

I've developed two small guidelines so far in my short time here.

1. If anyone posts a picture of a rocket and adds something like "To the moon!" it is time to sell.

2. If everyone is shitting their pants at the latest fud and the price is dropping fast it is time to buy, because will be all over in 15 min when the people with the attention span of a puppy have forgotten whatever it was they thought was so important.

[VolanicEruptor]

I've developed two small guidelines so far in my short time here.

1. If anyone posts a picture of a rocket and adds something like "To the moon!" it is time to sell.

2. If everyone is shitting their pants at the latest fud and the price is dropping fast it is time to buy, because will be all over in 15 min when the people with the attention span of a puppy have forgotten whatever it was they thought was so important.

this is how people get rich

[zumzero]

I think these these exchanges are saturated at the moment and I think the communities ability to continue to pay millions of dollars to funds new ventures is limited.  I really do not see this IPO succeeding.

[Exocyst]

Get your buy orders ready on BitFunder ActiveMiners, looks like another round of cheap ActM shares on BitFunder.

[somestranger]

They have six days to raise over 20,000 btc or the IPO fails. 

And on Bitfunder.......
Most likely a failure.

I don't know about that...

[Zombiehasslehoff]

I've developed two small guidelines so far in my short time here.

1. If anyone posts a picture of a rocket and adds something like "To the moon!" it is time to sell.

2. If everyone is shitting their pants at the latest fud and the price is dropping fast it is time to buy, because will be all over in 15 min when the people with the attention span of a puppy have forgotten whatever it was they thought was so important.

99% of the time if someone is giving you advice on here or any investing board, they are doing to make more money themselves. Find the really fabulously obvious ones like icebreaker and do the opposite.

[Panterino]

Only eAsic can deliver the hashing power to corner the market for us. Any idea what kind of T/hash numbers we're projecting from our chips with them?

[Rodyland]

I've developed two small guidelines so far in my short time here.

1. If anyone posts a picture of a rocket and adds something like "To the moon!" it is time to sell.

2. If everyone is shitting their pants at the latest fud and the price is dropping fast it is time to buy, because will be all over in 15 min when the people with the attention span of a puppy have forgotten whatever it was they thought was so important.

this is how people get rich

And poor.

[ArcticWolf]

Only eAsic can deliver the hashing power to corner the market for us. Any idea what kind of T/hash numbers we're projecting from our chips with them?

Preliminary numbers are 16gh/chip

[VolanicEruptor]

I've developed two small guidelines so far in my short time here.

1. If anyone posts a picture of a rocket and adds something like "To the moon!" it is time to sell.

2. If everyone is shitting their pants at the latest fud and the price is dropping fast it is time to buy, because will be all over in 15 min when the people with the attention span of a puppy have forgotten whatever it was they thought was so important.

this is how people get rich

And poor.

Please explain how herding sheep into a slaughterhouse could make you lose.. sheep dont get rich

[Panterino]

Only eAsic can deliver the hashing power to corner the market for us. Any idea what kind of T/hash numbers we're projecting from our chips with them?

Preliminary numbers are 16gh/chip

That's pretty good. 10,000 chips * 16 = 160,000 gh/s we could certainly hang in there with that and more on the way. I'd love to know when those are coming.

[Rodyland]

You may doubt that these competitors will be able to reach those price points but this project is being run by DeaDTerra who also invested early on in ASICMINER and Satoshi Dice which both paid off in droves. Clearly he must see a huge upside to this project, and I doubt very much that he would not do the proper $/GH calculations when formulating his plan.

That logic there my friend is a short trip to the poorhouse.  That someone who seems to have been a successful investor in the past is involved should have no bearing whatsoever on your individual decision to invest or not.  You can't know their reasons for getting involved, and they certainly won't tell you their exit strategy.  Trying to catch a ride on the backs of giants is a dangerous game.  Make your own decisions, and invest amounts that you are comfortable with, knowing there is a very real risk this will all evaporate overnight.

[Panterino]

after re-reading the posts by Ken I am convinced ActM will trounce the competition. The meetings with eAsic going well and everything. eAsic is just so impressive. I see a large risk/reward ratio at the current price per share.

[CMMPro]

Seems like a small rally there as people are snapping up tonight's sale prices.


All these new IPO's are just more piss in the pool...
The only reason they are seeing some initial success is due to speculators trying to make something in the first burst of energy.

No one can say they actually think all these guys will come out with their own asic hardware or "world class" mining operations in a meaningful timeframe that won't be impacted by difficulty substantially.

Look at this latest bs with ICEDrill/Deadterra and his overly optimistic spreadsheet. This is basically a bait and switch....show stupidly positive numbers on a spreadsheet an hour before IPO? Wtf? If someone hadn't called him out on it I'm sure people were making poor buying decisions based on that spreadsheet.

Back on thread though....I'm sure we will be in limbo until we hear from Ken regarding the NRE success...then things will start to happen as we get delivery dates etc. I see he has turned things around and this fund has some tangible value now. Just my opinion.

Investors will run to both ASICMiner and Activeminer once they see these other piss ant IPO's for what they are, not before losing a pile of coin to failed dreams.

[neilol]

I've developed two small guidelines so far in my short time here.

1. If anyone posts a picture of a rocket and adds something like "To the moon!" it is time to sell.

2. If everyone is shitting their pants at the latest fud and the price is dropping fast it is time to buy, because will be all over in 15 min when the people with the attention span of a puppy have forgotten whatever it was they thought was so important.

this is how people get rich

[ArcticWolf]

Seems like a small rally there as people are snapping up tonight's sale prices.


All these new IPO's are just more piss in the pool...
The only reason they are seeing some initial success is due to speculators trying to make something in the first burst of energy.

No one can say they actually think all these guys will come out with their own asic hardware or "world class" mining operations in a meaningful timeframe that won't be impacted by difficulty substantially.

Look at this latest bs with ICEDrill/Deadterra and his overly optimistic spreadsheet. This is basically a bait and switch....show stupidly positive numbers on a spreadsheet an hour before IPO? Wtf? If someone hadn't called him out on it I'm sure people were making poor buying decisions based on that spreadsheet.

Back on thread though....I'm sure we will be in limbo until we hear from Ken regarding the NRE success...then things will start to happen as we get delivery dates etc. I see he has turned things around and this fund has some tangible value now. Just my opinion.

Investors will run to both ASICMiner and Activeminer once they see these other piss ant IPO's for what they are, not before losing a pile of coin to failed dreams.

Point of reference:
BTCGarden IPO price: 0.016 Currently: 0.015
Labcoin IPO price: 0.001 Currently: 0.0015
ActiveMining IPO price: 0.0025 Currently: 0.0058

I think we will be fine.

[VolanicEruptor]

I think BTCgarden kind of gave us a reality check regarding IPO's.  As their last shares were being sold off, there were speculators literally popping champagne bottles and celebrating in preparation for a huge share price increase....and then.... nothing.  As for long-term, they are stuck trying to translate broken English from these shady Chinese kids.    

Now people are a bit skeptical.  It's going to start to get harder and harder to convince us to fund these random start-ups.