[ActiveMining] The Official Active Mining Discussion Thread

[iCEBREAKER]

I think I just out trolled the biggest troll, that was actually pretty easy.

Oh btw right now bitfunder estimates all of my shares on various securities are worth:

Total Estimated Value*:   ฿1,056.22686951

Think again!   

[thefunkybits]

Hey guys were not gonna be hashing until late November so your shares are basically worthless until then.
Selling now is a great idea

Manipulation much?

There are still some Klondikes awaiting non-cancelled Avalon chips AFAIK... Wonder if Avalon will do anything compensatory (well, delivering would be a good start!).

Pure manipulation attempt on my part
Klondikes will be something to look forward to, definitely forgot about those...

[thefunkybits]

I have just noticed that VMC doesnt accept bitcoin for purchases...hopefully this changes in the future?
Considering we're a BTC company this is alot of potential demand that cant be satisfied

[dexX7]

So, let's explain how an FPGA works, first.

You have logic gates, (which compute logical functions like 'and' 'or' etc) Those logic gates can be connected to other gates by using transistors to switch on and off wires connecting them.  Those configuration transistors take up a ton of space on the die.

an eASIC 'nextreme' ASIC works like an FPGA, except they get rid of those transistors that do the linking and replace them wires that directly connect the logic units.  That saves a ton of space because you need far fewer transistors to do the same thing and it's easier to design because you just take a working FPGA and 'convert' it fairly cheaply.

Now, a full custom ASIC is designed by creating images of layers.  You start with the silicon layers with N and P doped silicon which form transistors. You literally have a vector graphics file (called a usually a GDSII file) that indicates where you want N-type silicon and where you want P-type silicon.

then, on top of that you have multiple images for multiple layers of metal and glass (silicon dioxide) The metal conducts electricity, and the glass is an insulator.  These layers form wires that connect the transistors together. If you go full custom you can do things like create transistors of different shapes and sizes that can carry different currents and operate have different switching characteristics. This gives you the highest performance possible.

Standard cell is similar to full custom, but you're using libraries of 'images' to create your circuit, rather then creating the images 'pixel by pixel' (They're actually vector files, but whatever).  So you'll have a library for an adder, or an XOR gate, shiftier, and so on - the components you need to do SHA-256  (all you need is XOR, shift, rotate and 32-bit addition).  Full custom might give you slightly better performance because you can do more 'analog' optimizations.

The biggest difference between 'nextreme' style and standardcell/custom ASICs are the fact that you can have more 'fan-in'.  So you can do things like AND(a b c d e f g)   Where as with only two inputs per gate you'd need to do multiple nested gates in order to compare all of those variables.  I'm not sure what the max fan-in is on nextreme chips (I'm sure it's under NDA), but there are some places where having larger fan in would help, like using more lanes in your ripple carry adders.

Many thanks! That's a pretty vivid explanation.



The press release was spread by www.businesswire.com:

https://www.google.com/search?q=VMC+Uses+eASIC


And boardmembers:

I think there is a typo either in the press release or on the VMC website. 24.756 TH/s != 24.576 TH/s.

[drawingthesun]

I have bought active miner on btc-tc, (could be the worse decision of my life)

But I notice a lot of people are using bitfunder.

Can you transfer shares between the two?

What one has the most action?

[WildFire.ca]

I have bought active miner on btc-tc, (could be the worse decision of my life)

But I notice a lot of people are using bitfunder.

Can you transfer shares between the two?

What one has the most action?

BTC-TC seems to get the larger up and down swings.

[Ytterbium]

Seems like both ActM and Labcoin are going down at this point, and ASICminer is completely tanking, down 25% from from the end of september 4th on BTCT, which is kind of crazy.

I wonder if people are just getting scared by potential increases in difficulty.  I've heard AM is planning on deploying 1PH in the next couple months, but while that's still speculative there's not too much reason to doubt FC, IMO.

At this point, I actually think both ActM and Labcoin are way undervalued.

If we could get an expected hashrate for ActM in november/december it would be helpful for pricing ActM, IMO.

[VinceSamios]

Seems like both ActM and Labcoin are going down at this point, and ASICminer is completely tanking, down 25% from from the end of september 4th on BTCT, which is kind of crazy.

I wonder if people are just getting scared by potential increases in difficulty.  I've heard AM is planning on deploying 1PH in the next couple months, but while that's still speculative there's not too much reason to doubt FC, IMO.

At this point, I actually think both ActM and Labcoin are way undervalued.

If we could get an expected hashrate for ActM in november/december it would be helpful for pricing ActM, IMO.

The expected hashrate for ActM at the end of 2015 was around 1PH - but this is only around 50,000 overclocked Fast-Hash chips. That estimate was also based on the companies financials at the time. Those financials have changed significantly, as has the available scope and marketplace dynamics. Arguably the Avalon Chip refunds could double this estimate in a shorter time frame, but only time will tell on this.

[stereotype]

Absolutely blows my mind, how after months of of trying to achieve THE deal, still, there is no engagement from Ken or the board. Why are you guys not championing this?

Is it going to be the case, the next time Ken is going to engage with the people who gave him alot of funds, is when Ken wants/needs alot more funds? Hows that going to go down, do you think?

Baffling 

[VinceSamios]

Absolutely blows my mind, how after months of of trying to achieve THE deal, still, there is no engagement from Ken or the board. Why are you guys not championing this?

Is it going to be the case, the next time Ken is going to engage with the people who gave him alot of funds, is when Ken wants/needs alot more funds? Hows that going to go down, do you think?

Baffling 

Thats one way to look at it, the other way is

a) he's too busy making you money to blow hot air up you
b) he's still locked into an NDA

[VinceSamios]

ActiveMining is currently hashing at 17.2KH/s per share - current dividends present a 25% annual ROI at current difficulty. 10,000 chips at 16gh/s each increases that to 6.4MH/s per share.

With a doubling of network hash rate every month, and with just a measly 10,000 chips mid-november, ActiveMining dividends will provide 2200% annual ROI at current prices. It's more likely 25,000+ chips will hash for the company in 2013, plus mining hardware sales.

This is why ActiveMining is a good long term purchase in my opinion.

[ffssixtynine]

Absolutely blows my mind, how after months of of trying to achieve THE deal, still, there is no engagement from Ken or the board. Why are you guys not championing this?

Is it going to be the case, the next time Ken is going to engage with the people who gave him alot of funds, is when Ken wants/needs alot more funds? Hows that going to go down, do you think?

Baffling  

Erm, hello? I'm here you know. And guess how his PR got pushed out? And we're usually on IRC as this forum is a terrible place for discussion due to all the fudsters. And you can actually call ken any time. And we're sorting out a PR news post at the mo to follow the news everyone was waiting for. And much as ken's pr skills are way lacking, he has a lot to do at the mo and sitting on the forum isn't what he should be doing.

But yeah, apart from that...

[zumzero]

Absolutely blows my mind, how after months of of trying to achieve THE deal, still, there is no engagement from Ken or the board. Why are you guys not championing this?

Is it going to be the case, the next time Ken is going to engage with the people who gave him alot of funds, is when Ken wants/needs alot more funds? Hows that going to go down, do you think?

Baffling 

This is a tricky one.

I too am wondering the same thing.  I think it through and conclude;

I need to trust that the important work IS being done.  A PR release and active advertising is just around the corner.  The existence of an internet forum makes my expectation for a constant flow of official information unreasonable.  I am insecure about my investment and I need reassurance that I've made the right desicion.

All that said, there is something to be said in maintaining the momentum following the VERY recent eASIC press release.

[stereotype]

Absolutely blows my mind, how after months of of trying to achieve THE deal, still, there is no engagement from Ken or the board. Why are you guys not championing this?

Is it going to be the case, the next time Ken is going to engage with the people who gave him alot of funds, is when Ken wants/needs alot more funds? Hows that going to go down, do you think?

Baffling 

This is a tricky one.

I too am wondering the same thing.  I think it through and conclude;

I need to trust that the important work IS being done.  A PR release and active advertising is just around the corner.  The existence of an internet forum makes my expectation for a constant flow of official information unreasonable.  I am insecure about my investment and I need reassurance that I've made the right desicion.

All that said, there is something to be said in maintaining the momentum following the VERY recent eASIC press release.

A fair and reasonable thought pattern, less the unreasonable expectation for constant news flow, as for some of the silent majority, its the journey, and for them, they have no possible sense of any hurdles, achievements, and challenges Ken/ActM face/are facing, cos no one is communicating it.

Just trying to work out, how 3 months ago i held +10X what i do today, and how is it correct, that i got filled @ 0.0028 (BF) last night? Just seems so far removed from a company who has just sealed an important deal.

   

[Ytterbium]

The expected hashrate for ActM at the end of 2015 was around 1PH - but this is only around 50,000 overclocked Fast-Hash chips. That estimate was also based on the companies financials at the time. Those financials have changed significantly, as has the available scope and marketplace dynamics. Arguably the Avalon Chip refunds could double this estimate in a shorter time frame, but only time will tell on this.

2015? Is that a typo?

ActiveMining is currently hashing at 17.2KH/s per share - current dividends present a 25% annual ROI at current difficulty. 10,000 chips at 16gh/s each increases that to 6.4MH/s per share.

With a doubling of network hash rate every month, and with just a measly 10,000 chips mid-november, ActiveMining dividends will provide 2200% annual ROI at current prices. It's more likely 25,000+ chips will hash for the company in 2013, plus mining hardware sales.

This is why ActiveMining is a good long term purchase in my opinion.

Well, we need an actual number of chips and a timeframe for getting them online in order to even start trying to estimate what the current price should be.

[Ytterbium]

ActiveMining is currently hashing at 17.2KH/s per share - current dividends present a 25% annual ROI at current difficulty. 10,000 chips at 16gh/s each increases that to 6.4MH/s per share.

With a doubling of network hash rate every month, and with just a measly 10,000 chips mid-november, ActiveMining dividends will provide 2200% annual ROI at current prices. It's more likely 25,000+ chips will hash for the company in 2013, plus mining hardware sales.

This is why ActiveMining is a good long term purchase in my opinion.

Well, we need an actual number of chips and a timeframe for getting them online in order to estimate the price.

[VinceSamios]

ActiveMining is currently hashing at 17.2KH/s per share - current dividends present a 25% annual ROI at current difficulty. 10,000 chips at 16gh/s each increases that to 6.4MH/s per share.

With a doubling of network hash rate every month, and with just a measly 10,000 chips mid-november, ActiveMining dividends will provide 2200% annual ROI at current prices. It's more likely 25,000+ chips will hash for the company in 2013, plus mining hardware sales.

This is why ActiveMining is a good long term purchase in my opinion.

Well, we need an actual number of chips and a timeframe for getting them online in order to estimate the price.

Sure, but we can guess based on numbers that have ben provided, like the 9xxTH by 2015 (not a typo) - but remember that number was quoted when the difficulty was around 10mil. I'm pretty certain Ken can pump that hash rate out far sooner, and there is extra cash to play with now too.

[ShawnP]

ActiveMining is currently hashing at 17.2KH/s per share - current dividends present a 25% annual ROI at current difficulty. 10,000 chips at 16gh/s each increases that to 6.4MH/s per share.

Sorry but I have to call you on your BS/bad maths.
ActiveMining is currently hashing at 17.2KH/s per share and last dividend is 0.00000220 per share which means with current price of per share of 0.00463200 will take 2105 weeks (40 years) to recoup share cost.
2105 weeks divided by 52 weeks is 40 years or 2.5% annual ROI at current difficulty.

[zumzero]

ActiveMining is currently hashing at 17.2KH/s per share - current dividends present a 25% annual ROI at current difficulty. 10,000 chips at 16gh/s each increases that to 6.4MH/s per share.

Sorry but I have to call you on your BS/bad maths.
ActiveMining is currently hashing at 17.2KH/s per share and last dividend is 0.00000220 per share which means with current price of per share of 0.00463200 will take 2105 weeks (40 years) to recoup share cost.
2105 weeks divided by 52 weeks is 40 years or 2.5% annual ROI at current difficulty.

Thank goodness for eASIC then, eh? 

[BitCsByBit]

How come ActM it trading at 0.003 on BitFunder?

Can the shares be transferred between different exchanges?

I also noticed that it is only 373 BTC to the bottom on the Bids side on BTC-TC. There doesn't seem to be much support, or I'm missing something?

Disclosure: AM and Labcoin shareholder looking to diversify.