VMC -- FAST HASH. $6/GH

[VolanicEruptor]

I read the Custom hardware forum daily and i'm impressed how new people who never post here come and praise the VMC company only with language skills and zero technical stuff. The company may be legit, but this fact along with the self-moderated topics seems very very fishy to me.

They're ActM shareholders that believe it's in their self interest to pimp for ken as they believe he'll toss them a few satoshis when he gets his paycheck from VMC's lackluster pre-orders.

We only get dividends when the products are shipped, so obviously we believe strongly that he will deliver, and there is no reason to think he won't do it on time (the queue is still very small and eASIC is a very reputable for being timely, so it will be fast)

No, dividends are paid from a proportion of profit, which means sales need to be some way into 7 figures ($$$), which we're way off. Simple maths. Besides, at these prices I'm dubious about profitability until very large chip orders can be made of easic. If VMC can sell lots of chips to eg ex Avalon people then this is totally doable, but there we hit my bug bear which is marketing failures (IMHO). If ActiveMining fails, that's going to be why.

Mining income is different but that's a while away afaik (no insider info but it can't be done until December earliest given the schedule).

Also, eASIC don't make chips. They have a wonderfully fast design system but the fab will be external.

I never said we were getting full profit. I knew we were getting a proportion.  And I never said eASIC is fabricating the chips either (check out the globalfoundaries video I posted). I simply said they are going to be timely.  Their design process is an important factor in getting things up and running fast.   

[1715012003]

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[1715012003]

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[1715012003]

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[1715012003]

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[ffssixtynine]

Sorry, my point was manufacturing time != design time.

As for profit, a look at the public figures for previous profit at previous prices and a calculation based on the new prices doesn't indicate good news.

So we're back to about mining and chip sales really.

[creativex]

I read the Custom hardware forum daily and i'm impressed how new people who never post here come and praise the VMC company only with language skills and zero technical stuff. The company may be legit, but this fact along with the self-moderated topics seems very very fishy to me.

They're ActM shareholders that believe it's in their self interest to pimp for ken as they believe he'll toss them a few satoshis when he gets his paycheck from VMC's lackluster pre-orders.

don´t you have a labcoin train wreck to pump and praise?

No actually, but then your characterization of my actions indicates that you don't follow them closely anyway.

[WikileaksDude]

offer paypal/cc and I'll buy one. Don't and I won't. Simple as that.

same here

kslaughter is working on that.

You gotta understand there's a lot of fraud/chargebacks regarding CC's/paypal payments

[WikileaksDude]

bump

[RoadStress]

bump

Really???!!??

[WikileaksDude]

bump

Really???!!??

i don't really care about my bitcointalk rep, as you can see lol

just wanted to bump this thread, whos gonna stop me? thought so

[frankenmint]

There are other methods to be able to accept CC payments such as through foursquare or even woocommerce...its beyond very easy to get a paypal business account setup.  Do you plan to buy chips from another asic vendor such as bfl chips or bfury chips?  If you do plan to fabricate your own chips (now I'm remembering that you quoted having a 1MM NRE investment cost on design, what will the cell nanometer size be?)  Why did you decide to become a shareholder with VMC? 

Its obvious that you have a strong interest in getting hardware sold.  Its clear that you have the lowest order queue because you are offering obscure information and non-reversible payment methods.  Whats been confusing for me with your cart is - I can order a bunch of TH power but am I required to order additional cases?  can I forgo the cases altogether?  Why can't I just buy the chips off you?  Its clear that you guys plan to use off the shelf components and maybe I just want to diy a miner myself???  (I don't but I am speculating for those who may want to)

[RoadStress]

bump

Really???!!??

i don't really care about my bitcointalk rep, as you can see lol

just wanted to bump this thread, whos gonna stop me? thought so

We know you don't care. Move along!

[RoadStress]

And yes i will start the delete posts war again retard VMC!

[WikileaksDude]

Bumping with the un-oficial activemining reddit sub-forum.

http://www.reddit.com/r/activemining

and

twitter: https://twitter.com/ActiveMining

[WikileaksDude]

VMC Sales:

3rd Quarter 2013           $1,404,217

Source: https://bitcointalk.org/index.php?topic=297503.msg3322013#msg3322013

[RoadStress]

VMC Sales:

3rd Quarter 2013           $1,404,217

Source: https://bitcointalk.org/index.php?topic=297503.msg3322013#msg3322013

BitSyncomm took 8 mil $ in chips pre-orders and failed very very bad. Having 1.4 mil in sales means jack shit!

[WikileaksDude]

Virtual Mining Corp. started taking orders for its equipment in July, with one recent purchase reaching $140,000, Chief Executive Officer Kenneth Slaughter said.
“We are starting to do a lot of big sales,” said Slaughter, who is also mining Bitcoins."


Bloomberg:

      http://www.bloomberg.com/news/2013-10-15/bitcoin-mining-rush-means-real-cash-for-hardware-makers.html     

[RoadStress]

Virtual Mining Corp. started taking orders for its equipment in July, with one recent purchase reaching $140,000, Chief Executive Officer Kenneth Slaughter said.
“We are starting to do a lot of big sales,” said Slaughter, who is also mining Bitcoins."


Bloomberg:

      http://www.bloomberg.com/news/2013-10-15/bitcoin-mining-rush-means-real-cash-for-hardware-makers.html     

Ok! Move along people.

[WikileaksDude]

With HashFast being a total bust I thought this deserved a bump.

HashFast bust/fail: https://bitcointalk.org/index.php?topic=262052.msg3404346#msg3404346

[miter_myles]

anything to bump these useless vmc threads, eh?

7 posts from you on this page, pretty much all bumps..

worthless...

[RoadStress]

With HashFast being a total bust I thought this deserved a bump.

HashFast bust/fail: https://bitcointalk.org/index.php?topic=262052.msg3404346#msg3404346

VMC will fail too don't worry.

[xstr8guy]

Wow, It's been so quiet I thought VMC had faded away.  Doesn't seem to be too much buzz for this company anymore.

[VolanicEruptor]

ActM lovers have avoided bumping this thread because the OP is now against everything that is VMC    Well not quite, but that's their opinion anyway.  In all honesty it's just the asshole who runs the show who I have extreme distaste towards