ActiveMining Overview and Speculation Thread

[somestranger]

I don't see a problem with mining on the main blockchain with prototypes, so long as we don't do it with production units like Avalon did. The AMC branch of ActiveMining theoretically has the first "order" for VMC FastHash-One machines, and it is known that AMC is a mining company, so running a few prototypes (which are not intended to be shipped to public customers) shouldn't be a surprise. With Avalon, they were advertising themselves as a hardware company only, and they were "testing" miners for days or weeks before shipping them to customers where they arrived dusty and used in appearance, and forced customers to wait that extra time they were "testing."

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[thefunkybits]

I don't see a problem with mining on the main blockchain with prototypes, so long as we don't do it with production units like Avalon did. The AMC branch of ActiveMining theoretically has the first "order" for VMC FastHash-One machines, and it is known that AMC is a mining company, so running a few prototypes (which are not intended to be shipped to public customers) shouldn't be a surprise. With Avalon, they were advertising themselves as a hardware company only, and they were "testing" miners for days or weeks before shipping them to customers where they arrived dusty and used in appearance, and forced customers to wait that extra time they were "testing."

To be fair, the miners should be run for an extended period of time to make sure they can holdup. It just so happens to benefit the company in this case to test the units.

[WildFire.ca]

I don't see a problem with mining on the main blockchain with prototypes, so long as we don't do it with production units like Avalon did. The AMC branch of ActiveMining theoretically has the first "order" for VMC FastHash-One machines, and it is known that AMC is a mining company, so running a few prototypes (which are not intended to be shipped to public customers) shouldn't be a surprise. With Avalon, they were advertising themselves as a hardware company only, and they were "testing" miners for days or weeks before shipping them to customers where they arrived dusty and used in appearance, and forced customers to wait that extra time they were "testing."

To be fair, the miners should be run for an extended period of time to make sure they can holdup. It just so happens to benefit the company in this case to test the units.

A 24hr burn-in is pretty normal for computer hardware.

[auto2nr1]

https://terrahash.com/terrahash-to-provide-a-hosted-bitcoin-mining-solution-for-6ghash-in-november/

It looks like Terrahash is planning to sell portions of it's mining farm in November. Maybe Terrahash has partnered up with ActiveMining to start hashing in November? What do you guys think?

[iCEBREAKER]

https://terrahash.com/terrahash-to-provide-a-hosted-bitcoin-mining-solution-for-6ghash-in-november/

It looks like Terrahash is planning to sell portions of it's mining farm in November. Maybe Terrahash has partnered up with ActiveMining to start hashing in November? What do you guys think?

Not possible.  Terrahash said they teamed up with a "leading Bitcoin ASIC manufacturer" (like HashFast/Knc/Cointerra) not a 'lagging' one like ACTM.   

[Pompobit]

when the earnings from fast-hash-one preorders are meant to be included in the dividends?

In the next weeks or not before mid-november?

[ArcticWolf]

when the earnings from fast-hash-one preorders are meant to be included in the dividends?

In the next weeks or not before mid-november?

Profits from pre-sales aren't realized until the units are delivered.

[snowdropfore]

what is happening？？ is there anything i don't know？？ why the shares price going down so rappily on BF??

[zefyr0s]

when the earnings from fast-hash-one preorders are meant to be included in the dividends?

In the next weeks or not before mid-november?

Profits from pre-sales aren't realized until the units are delivered.

Huh, like the way it's actually supposed to be.. imagine that..

[auto2nr1]

http://www.coindesk.com/vmc-closes-deal-for-28nm-asic-chips-in-24-5-thsec-miners/

http://thegenesisblock.com/easic-announces-24-ths-hash-fast-miner-activemining-shares-move-70/

Just saw this article on CoinDesk and TheGenesisBlock.

[Ytterbium]

Someone sold 17k shares on btct.co and a few minutes later a huge order for 15k shares shows up on the labcoin order book at 0.0032  (So far about 4.5k has sold, but there are thousands of orders above it)

I think both companies are undervalued at the moment, but people are probably moving to labcoin for now trying to get a boost from PCBs hashing and whatnot.  But honestly, there just isn't enough money on these exchanges to value the shares properly.  Either one should be insanely profitable in the next few months provided the hashrate doesn't go to 8-10PH or something insane by December.

[matuszed]

http://www.coindesk.com/vmc-closes-deal-for-28nm-asic-chips-in-24-5-thsec-miners/

http://thegenesisblock.com/easic-announces-24-ths-hash-fast-miner-activemining-shares-move-70/

Just saw this article on CoinDesk and TheGenesisBlock.

This is pretty big news i think this will juice preorders a lot too

[xchrisxsays]

http://www.coindesk.com/vmc-closes-deal-for-28nm-asic-chips-in-24-5-thsec-miners/

http://thegenesisblock.com/easic-announces-24-ths-hash-fast-miner-activemining-shares-move-70/

Just saw this article on CoinDesk and TheGenesisBlock.

This is pretty big news i think this will juice preorders a lot too

[iCEBREAKER]

http://thegenesisblock.com/easic-announces-24-ths-hash-fast-miner-activemining-shares-move-70/

Where will eASIC send ACTM's quaint little chip for fabrication?

Let us speculate, and run through the top contenders:

Haroon's Camel Husbandry and Advanced Etching Inc. (Ghazni, Afganistan)

Uncle Bakiyev's Homestyle Lithography & Whore Buffet (Jalalabat, Kyrgyzstan)

Big Luca's House of Wafers, Fish, and Chips (Cluj-Napoca, Romania)


While the Board of Cheerleaders narrows down our list of finalists, congratulations are in order to Uniquify and HashFast. 

Yesterday they announced their chip is being made by none other than TSMC, the biggest and most advanced foundry in the known universe.

http://www.marketwire.com/press-release/hashfast-uniquify-announce-tape-out-golden-nonce-bitcoin-network-transaction-verification-1827835.htm

The GN chip will be fabricated at TSMC's 28nm GIGAFAB foundry in Taiwan. HashFast has already increased the initial planned production volume of the GN chip to address strong pre-order demand.

Key features of the design include a modular architecture, a fault-tolerant physical layout to allow for maximum silicon yield, and an ability to be overclocked for greater performance and underclocked for greater efficiency. Its use of on-die thermal controls allows operation at its maximum performance given the capacity of the cooling system deployed with it.

Since announcing Golden Nonce, HashFast has become an industry leader in the production of Bitcoin network verification equipment. The GN chip provides increased hashing performance, while lowering power requirements and addressing thermal issues of earlier Bitcoin mining ASICs. HashFast began taking public orders in August for the Baby Jet mining systems, the first product to house this processor. Once the initial batch of GN chips is produced and tested, Baby Jet will begin shipping in volume.

 "The rapid development and tape out of the GN chip is another testimony to the power of our Perseus design management system," says Josh Lee, Uniquify's founder and chief executive officer (CEO). "With Perseus, we were able to go from first RTL code to final tape out in under three months, an exceptional performance for any ASIC design program, let alone a sophisticated 28nm design such as Hashfast's GN chip."

Eduardo deCastro, founder and CEO of Hashfast, agrees and notes: "Working with a mature design team has been a key advantage. We've been able to leverage our team's decades of experience to quickly explore and evaluate multiple options, and deliver at record speed. Another critical advantage was the choice of Uniquify and TSMC for design and manufacturing. Both are at the top of their fields, have worked together on multiple projects, and are true innovators."

"We are pleased to be working with Uniquify and HashFast to enable this new ASIC design," said Brad Paulsen, TSMC Senior Vice President, North America. "This application is a good fit with TSMC's 28HPM process technology and we wish them much success with the GN product."

Taiwan Semiconductor Manufacturing Company, Limited or TSMC, also Taiwan Semiconductor is the world's largest dedicated independent semiconductor foundry

Revenue  $13.982 billion
Employees    30,000+

https://en.wikipedia.org/wiki/TSMC

[afrotec]

Weren't Avalons chips from TSMC? That turned out well for them

I believe Labcoin chips as well

[drawingthesun]

So ActiveMining has no fab yet?

Please please tell me this is not true.

[madmalkav]

The chips will be made where eAsic made them. Trying to convince people only TSMC can do good silicon is plain stupid. Probably a lot of people here are using PCs with their Intel chips made in irish factories, for example.

[drawingthesun]

The chips will be made where eAsic made them. Trying to convince people only TSMC can do good silicon is plain stupid. Probably a lot of people here are using PCs with their Intel chips made in irish factories, for example.

Yeah but where is that? eAsic are fabless, they have never ever fabricated an asic chip, only design.

Can someone please tell me where the hell the asics are being fabricated? Why is this so hard?

Fabrication is difficult and very very expensive, the several hundred million dollar valuation of eAsic is peanuts compared to building ONE fab.

[madmalkav]

Who cares? Easic is a big company with even bigger partners like Seagate. You think Seagate will fall in making deals with people that doesn't have the resources to make the chips?

Probably they work with different factories and will send the work to the most convenient one in the time frame.

[afrotec]

Can someone please tell me where the hell the asics are being fabricated? Why is this so hard?

From the official thread:

eAsic uses Global Foundries and Fujitsu. http://www.easic.com/migration-to-cell-based-asic/easic-ecosystem/