25 TH/s ASIC miner?

[bg002h]

Is this for real?

http://bit.ly/13g96v8

I figure you folks would be a better judge than I.

[Singlebyte]

$18,560 per day return.  Not bad.  I wonder what the cost is?

-Edit-

Found the price
$309,318.10

[bg002h]

$18,560 per day return.  Not bad.  I wonder what the cost is?

That's a significant fraction of the mining power of the network...

Do you think they meant GH/s?

[pedrog]

Sure, eventually there will be 100 TH/s miners.

[bg002h]

Sure, eventually there will be 100 TH/s miners.

Yikes. We need to get said devices distributed widely then. Gone are the days of my laptop generating 50-200 bitcoins a day...

[bg002h]

$18,560 per day return.  Not bad.  I wonder what the cost is?

-Edit-

Found the price
$309,318.10

Link? I didn't see it...

-edit-
Found it: http://virtualminingcorp.com/shop1/index.php?id_product=23&controller=product

[Singlebyte]

$18,560 per day return.  Not bad.  I wonder what the cost is?

-Edit-

Found the price
$309,318.10

Link? I didn't see it...

http://virtualminingcorp.com/shop1/index.php?id_product=23&controller=product#/fh_exp_case_16_pcie_slots-no_expansion_case/fh_256ghs_expansion_a-24_576_th_s_19_200_watts/fh_256ghs_module_a-256gh_400_watts

[bg002h]

Is this the reason the $/฿ price dropped like 10% over the last few hours?

[Singlebyte]

Is this the reason the $/฿ price dropped like 10% over the last few hours?

If this thing is real, i would suspect your theory is correct.  They will be taking a shitload of money out of the BTC economy!  Ouch!

Imagine if they build themselves a dozen or more?   

[bg002h]

It's kinda pricey...and it sounds like a gimmick...it's just an über expandable kit...

I have a billion dollar block eruptor farm with 100 YH/s...it's the size of Texas but must be sited outdoors in Alaska to be profitable to run...

Does the performance / watt / dollar of their kit miner massively outperform anything else out there?

[pedrog]

Well, announcing a product and actually ship it, are two different things, and that rig is quite pricey...

[dbbit]

Is this the reason the $/฿ price dropped like 10% over the last few hours?

If this thing is real, i would suspect your theory is correct.  They will be taking a shitload of money out of the BTC economy!  Ouch!

Imagine if they build themselves a dozen or more?   

This particular setup isn't any different than just buying 13 CoinTerra TerraMiner IV's at $13k each. That will set you back $169k for 26 TH, shipping in December.

The VMC Fast-One Platinum 25 TH will cost $353k (you need 6 expansion cases), and it also ships in December.

They must be targeting this at people who don't know how to use Google...


PS: Faster mining doesn't affect the price of BTC. 25 BTC's are generated every 5 to 10 minutes, regardless of the speed of the network. Fast mining just affects other miners.

[jeezy]

Is this the reason the $/฿ price dropped like 10% over the last few hours?

If this thing is real, i would suspect your theory is correct.  They will be taking a shitload of money out of the BTC economy!  Ouch!

Imagine if they build themselves a dozen or more?   

This particular setup isn't any different than just buying 13 CoinTerra TerraMiner IV's at $13k each. That will set you back $169k for 26 TH, shipping in December.

The VMC Fast-One Platinum 25 TH will cost $353k (you need 6 expansion cases), and it also ships in December.

They must be targeting this at people who don't know how to use Google...


PS: Faster mining doesn't affect the price of BTC. 25 BTC's are generated every 5 to 10 minutes, regardless of the speed of the network. Fast mining just affects other miners.

They ship in january. Also you need a powerline that can supply 20kWatt.... Their machines are way overpriced for the performance they are bringing imho

[pedrog]

Is this the reason the $/฿ price dropped like 10% over the last few hours?

If this thing is real, i would suspect your theory is correct.  They will be taking a shitload of money out of the BTC economy!  Ouch!

Imagine if they build themselves a dozen or more?  

This particular setup isn't any different than just buying 13 CoinTerra TerraMiner IV's at $13k each. That will set you back $169k for 26 TH, shipping in December.

The VMC Fast-One Platinum 25 TH will cost $353k (you need 6 expansion cases), and it also ships in December.

They must be targeting this at people who don't know how to use Google...


PS: Faster mining doesn't affect the price of BTC. 25 BTC's are generated every 5 to 10 minutes, regardless of the speed of the network. Fast mining just affects other miners.

They ship in january. Also you need a powerline that can supply 20kWatt.... Their machines are way overpriced for the performance they are bringing imho

It's about 14,2 dollars/GHash with VMC, but that CoinTerra business is a lot better...

I guess it's about who can deliver on time.

[vpereira]

I will love to see people doing pre-order selling their legs, wives, etc and then "we are almost there", "we didn't receive the chips", "chinese mafia is blackmailing me", "we must review our plans and drop 50% of the hash power", etc, etc, etc

[marketorder]

Wow you must be rich now if you held onto those! How long ago where you mining at that rate? 

Sure, eventually there will be 100 TH/s miners.

Yikes. We need to get said devices distributed widely then. Gone are the days of my laptop generating 50-200 bitcoins a day...

[thefunkybits]

This project has been in development for a while now....


https://bitcointalk.org/index.php?topic=252531.0

https://bitcointalk.org/index.php?topic=254930.0

ActiveMining: A Fresh Start!

Introduction
ActiveMining is a virtual identity totally owned by the Active Mining Corporation that represents both itself and its profits. ActiveMining's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC).

Currently, it is expected for interested ActiveMining's public investors to hold 10,000,000 ActiveMining shares (40% of the profits), while Active Mining Corporation owner(s) shall hold 15,000,000 ActiveMining shares (60% of the profits), for a total of 25,000,000 ActiveMining virtual shares that represent 100% of the global profits of ActiveMining.

Public investor's protection plan
The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid.

How to buy shares
ActiveMining shares will be sold on BitFunder and BTCT.CO and any other exchange, following asset approval or tendered by AMC shares. Existing Active Mining Cooperative (AMC) shareholders will be entitled to tender their shares for ActiveMining shares, on a 1:1 basis and are also covered in the public investor's protection plan.

Dividend payment
The global ActiveMining's income, including mining income, hardware sales via bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, growth and miscellaneous expenses are deducted. The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.

Our chips in development
Generation 1: Fast-Hash. 28nm. Each chip's rated frequency is 800 MHz at 1.15V. It translates to 16,000 MH/s because it does 20 hashes per cycle. Chip requires proper handling of heat and power supply. It is expected the chip can be overclocked to 1000 MHz @ 20,000 MH/s.

"Our existing hardware assets from AMC liquidation

• 6 Avalon miners, currently running on BTC Guild under "Team AMC" for around 430 GH/s;
• An order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s

[pedrog]

This project has been in development for a while now....


https://bitcointalk.org/index.php?topic=252531.0

https://bitcointalk.org/index.php?topic=254930.0

ActiveMining: A Fresh Start!

Introduction
ActiveMining is a virtual identity totally owned by the Active Mining Corporation that represents both itself and its profits. ActiveMining's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC).

Currently, it is expected for interested ActiveMining's public investors to hold 10,000,000 ActiveMining shares (40% of the profits), while Active Mining Corporation owner(s) shall hold 15,000,000 ActiveMining shares (60% of the profits), for a total of 25,000,000 ActiveMining virtual shares that represent 100% of the global profits of ActiveMining.

Public investor's protection plan
The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid.

How to buy shares
ActiveMining shares will be sold on BitFunder and BTCT.CO and any other exchange, following asset approval or tendered by AMC shares. Existing Active Mining Cooperative (AMC) shareholders will be entitled to tender their shares for ActiveMining shares, on a 1:1 basis and are also covered in the public investor's protection plan.

Dividend payment
The global ActiveMining's income, including mining income, hardware sales via bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, growth and miscellaneous expenses are deducted. The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.

Our chips in development
Generation 1: Fast-Hash. 28nm. Each chip's rated frequency is 800 MHz at 1.15V. It translates to 16,000 MH/s because it does 20 hashes per cycle. Chip requires proper handling of heat and power supply. It is expected the chip can be overclocked to 1000 MHz @ 20,000 MH/s.

"Our existing hardware assets from AMC liquidation

• 6 Avalon miners, currently running on BTC Guild under "Team AMC" for around 430 GH/s;
• An order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s

Oh, of course, forgot to mention that, it's a really active topic in the Securities section, I imagined people were aware...

And the announcement of this miner gave shares a small bump in price for a little while.

[Batshit]

All Specification Subject To Changes Without Notice

LOL!  One would think for that kind of money, they would have all their ducks in a row before offering it.  So, the specs will go from what they have listed on the site to a $5 block erupter over the 3 months since they took all your money.

DANGER!  DANGER!  SCAM ALERT! 

[marketorder]

I would stay away from them. Just like Butterfly labs this company that sells the units wants the money up front for pre orders. It smells like a scam to me. I emailed them and they told me they are doing a crowd funding thing. I feel if a company wants to do crowd funding go to Kickstarter and collect small donations don't put up a store that looks like they are available and collect the full price of a unit that doesn't and most likely will never exist!

If you want to buy a ASIC unit go on Craigslist or Bitmit or Coingig and buy one that already exists that can be shipped at time of purchase. Stop falling for these pre order scams it's starting to get ridicules!