[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]

[VolanicEruptor]

"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;

When will the Avalon chips from steamboat's batch #1 be available for mining?

Soon we hope, they will be on the 68 Klondike boards.

What was the recently received refund for?

[1714735341]

1714735341

[iCEBREAKER]

"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;

When will the Avalon chips from steamboat's batch #1 be available for mining?

Soon we hope, they will be on the 68 Klondike boards.

What was the recently received refund for?

The refund was for 20,000 chips in two bulk orders.

[VolanicEruptor]

"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;

When will the Avalon chips from steamboat's batch #1 be available for mining?

Soon we hope, they will be on the 68 Klondike boards.

What was the recently received refund for?

The refund was for 20,000 chips in two bulk orders.

Yeah so why he is talking about putting them on Klondike boards if they are no longer arriving..

[kslaughter]

Just a note to say that vbs' spreadsheet is very out of date. The hardware profits (not revenues) are unlikely to come anywhere close (given profits pre price cut). Things have changed too much.

Ken, what's the mining plan?

And I know you can't discuss batch sizes, but what is the plan if the minimum workable batch size isn't met from sales?

Please clearly address this.

Thanks.

We can purchase 1 to any number of chips at a higher prices per chip.

The mining plan is to build our own chip (as you can not count on anyone else as we have seen with Avalon) and use that to mine with.

Once we have our own chip, we can order any number that we want.

[kslaughter]

Link to Steamboats update for our batch 1 Klondikes

https://bitcointalk.org/index.php?topic=192916.msg3184148#msg3184148

[BitCsByBit]

Link to Steamboats update for our batch 1 Klondikes

https://bitcointalk.org/index.php?topic=192916.msg3184148#msg3184148

It is sad to see what Yifu has done to the DIY community. BKKcoins is MIA, and so far, no one has been able to get the K16 working using all 16 chips.

[zefyr0s]

Thanks for the new thread Ken. It must have been moderately depressing wading through the old thread, and I have a feeling you were reading it, even though you weren't posting. Looking forward to good news, as always!

[iCEBREAKER]

"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;

When will the Avalon chips from steamboat's batch #1 be available for mining?

Soon we hope, they will be on the 68 Klondike boards.

What was the recently received refund for?

The refund was for 20,000 chips in two bulk orders.

Yeah so why he is talking about putting them on Klondike boards if they are no longer arriving..

The Klondikes and bulk chips are two separate things.

An order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s;
An order of 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s.

https://bitfunder.com/asset/ActiveMining

[Sou]

Has there been any talk about product offerings in the price range for the more novice miners?

Something between the USB miners and the Fast-Hash Silver edition. Feels like part of the market might be getting ignored with an entry point at a thousand dollars.

Just a thought.

[somestranger]

Has there been any talk about product offerings in the price range for the more novice miners?

Something between the USB miners and the Fast-Hash Silver edition. Feels like part of the market might be getting ignored with an entry point at a thousand dollars.

Just a thought.

I think the biggest issue would be power consumption.  USB can provide about 5W and the chip is going to use around 16W for 16GH/s. Maybe it can be downclocked to meet that requirement, but then also we don't know the size of the chip. If it's possible then we should definitely delve into this market, though. If we had a ~5GH/s USB miner we would get all those orders instead of ASICMINER's block eruptors.

edit: Oh I misread what you said. Yes a form factor similar to a BFL Jalapeno with 2 chips might be good. It could be sold at a high markup and still get a lot of orders, because while we have a lot of competition in the high end machines there's not many offering smaller devices.

[EskimoBob]

Finally! Thank you for starting a new thread.

[Sou]

Has there been any talk about product offerings in the price range for the more novice miners?

Something between the USB miners and the Fast-Hash Silver edition. Feels like part of the market might be getting ignored with an entry point at a thousand dollars.

Just a thought.

I think the biggest issue would be power consumption.  USB can provide about 5W and the chip is going to use around 16W for 16GH/s. Maybe it can be downclocked to meet that requirement, but then also we don't know the size of the chip. If it's possible then we should definitely delve into this market, though. If we had a ~5GH/s USB miner we would get all those orders instead of ASICMINER's block eruptors.

Not just USB miners but the GPU type miners as well. I believe one reason mining originally became so popular was because people could use the computers they already had. People want a low cost ASIC solution to get in on the mining game. I've seen so many people buying dozens on USB miners to build their own rigs; it's not even a profitable solution, but their willing to pay because it's the only option out there.

[zumzero]

Thanks for the new thread.  I see it as a very positive step in the right direction.  Would it be an idea to encourage people to use the speculation thread once again to help keep this one free from clutter? 

[stereotype]

Thanks for the new thread.  I see it as a very positive step in the right direction.  Would it be an idea to encourage people to use the speculation thread once again to help keep this one free from clutter? 

Just be quiet, or be moderated.

[ffssixtynine]

We can purchase 1 to any number of chips at a higher prices per chip.

Is there no other way to fund the bulk chips? If the chips are expensive, the units aren't profitable and mining isn't profitable.

The mining plan is to build our own chip (as you can not count on anyone else as we have seen with Avalon) and use that to mine with.

Once we have our own chip, we can order any number that we want.

I was more asking about timing and planned capacity.

Don't get me wrong, the chips are good and a mining farm/chip sales are the way to go IMHO (as you know from our previous discussions). However, getting the chips manufactured in bulk isn't optional, it's a necessity - at least for shareholder dividends to be paid.

[shaofis]

Are we dependent on sales revenue to cover the costs to start our own Mining? Or were those expenses (Asics, boards, servers, racks, cabling, staff, etc) all covered under the funds raised in IPO?

If so; are sales meeting your forecasts to permit those activities?

Ultimately; short of the third party interruptions; are you on schedule?

[kslaughter]

Are we dependent on sales revenue to cover the costs to start our own Mining? Or were those expenses (Asics, boards, servers, racks, cabling, staff, etc) all covered under the funds raised in IPO?

No, we have funds to increase our hash rate.

If so; are sales meeting your forecasts to permit those activities?

Sales are good, August was a 400% increase over July, and I expect September to be an increase over August.

Ultimately; short of the third party interruptions; are you on schedule?

Yes, we are moving in the right direction.

[snowdropfore]

someone is dumping!!BF is 0.0008 per share, what is happening??

[Sou]

someone is dumping!!BF is 0.0008 per share, what is happening??

Speculation board please.

[crumbs]

someone is dumping!!BF is 0.0008 per share, what is happening??

Speculation board please.

If crashing share price is not relevant, what is?  What would you like to chat about now?