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

[Coinfly]

oh shit, my shares is still on BTC-TC. i can't transfer them before this, because i couldn't access internet until now. so, what can i do for my shares? i just sent a PM to ken, but still not get the answer, maybe he is in sleep. God bless my shares!

[VinceSamios]

Can we have september sales figures please?

[drawingthesun]

Today is dividend day!

[stereotype]

Can we have september sales figures please?

I believe it was generally accepted, that a detailed financial report was to be produced at the end of October......and we trust Ken is working towards this, now.  

[thefunkybits]

Today is dividend day!

Is there any reason for the dividend to be moved to Wednesday?
I think I remember Ken saying that dividends would return to Wednesday when we got more hashing power

hmmm....fingers crossed!

[sebastienurbain]

Today is dividend day!

Is there any reason for the dividend to be moved to Wednesday?
I think I remember Ken saying that dividends would return to Wednesday when we got more hashing power

hmmm....fingers crossed!

No it was delayed last friday because of the transfer of shares from btct.co to bitfunder.

[zumzero]

Dividend day is a Wednesday, however for some time now it has been a Friday.  Ken was always planning to return it to a Wednesday.

[drawingthesun]

Today's Dividends

Today's Dividend will be delayed until next Wednesday

This is due to the ongoing transfer of shares from BTC-TC to Bitfunder.  So, before dividends are paid out on Wednesday of next week all transfers of shares to bitfunder will have to be completed.  The dividend on Wednesday will be larger than normal and also we will start paying the dividend on Wednesday of each week.

Also, note that trading in ActiveMining on BTC-TC will be frozen after September 30th on BTC-TC.

Thats why I expected the dividend today.

[interJ]

"...will be delayed until next Wednesday"

Was posted on Friday. Next Wednesday may be referring to Oct 9th. Atleast that's how I take it.

[funkymunky]

I don't believe that to be correct tbh.

My understanding is that it will be today:

kslaughter on September 27, 2013, 05:48:18 PM

Today's Dividends

Today's Dividend will be delayed until next Wednesday

This is due to the ongoing transfer of shares from BTC-TC to Bitfunder.  So, before dividends are paid out on Wednesday of next week all transfers of shares to bitfunder will have to be completed.  The dividend on Wednesday will be larger than normal and also we will start paying the dividend on Wednesday of each week.

"...will be delayed until next Wednesday"

Was posted on Friday. Next Wednesday may be referring to Oct 9th. Atleast that's how I take it.

[kleeck]

Hey guys. I was just doing some competitive analysis and thought I'd share some comparisons.

(All data is taken from http://mining.thegenesisblock.com/)

Snapshot of $/GH for Dec/Jan2014 - Top Performers



(note: TerraMiner II is a Jan delivery.)

VMC's competition

CoinTerra

TerraMiner IV (December)

http://mining.thegenesisblock.com/a/78ec45fd02

Break-even (days): 110
Profit $: 825
profit %: 5.85


TerraMiner IV (January)

http://mining.thegenesisblock.com/a/79b1f8f359

Break-even (days): 69
Profit $: 1330
profit %: 21.8

TerraMiner II (January)

http://mining.thegenesisblock.com/a/a752b3b8f8

Break-even (days): 120
Profit $: 115
profit %: 3.19

Bitmine

CoinCraft Desk 200

http://mining.thegenesisblock.com/a/de0662a248

Break-even (days): 57
Profit $: 508
profit %: 31.8

CoinCraft Desk 500

http://mining.thegenesisblock.com/a/5af2c68eee

Break-even (days): 64
Profit $: 1210
profit %: 27.8

CoinCraft Desk 1000

http://mining.thegenesisblock.com/a/6d74e111ad

Break-even (days): 48
Profit $: 3,340
profit %: 46.4

CoinCraft Desk 2000

http://mining.thegenesisblock.com/a/ebef136145

Break-even (days): 50
Profit $: 7,140
profit %: 47.3

Notes:

1. I didn't include KnC because their $/GH, while great for the current month, quickly becomes noncompetitive as we near November/December.

2. I'm sure some of you will be thrilled to note that none of HashFast's December offerings will never ROI at current difficulty projections.

• Baby Jet - http://mining.thegenesisblock.com/a/1169a6cd8b
• Baby Jet (Batch 2) - http://mining.thegenesisblock.com/a/8d5c716803
• Sierra - http://mining.thegenesisblock.com/a/6204cde3a0

VMC's Relevant Offerings

Silver Unit (2 Module)

http://mining.thegenesisblock.com/a/335620007d

Break-even (days): 110
Profit $: 123
profit %: 4.62

Platinum Unit (6 Modules)

http://mining.thegenesisblock.com/a/fc6e02a708

Break-even (days): 71
Profit $: 1990
profit %: 21.8

Platinum Unit (6 Module + 6)

http://mining.thegenesisblock.com/a/3ec3ecce08

Break-even (days): 74
Profit $: 30,000
profit %: 20.1

Notes:

1. The Gold Unit is missing due to never reaching ROI under current difficulty projections.

2. Silver Units with more modules might be competitive. I didn't crunch these numbers.

END ANALYSIS

I'd love to hear your thoughts and opinions regarding this data. What is the general sentiment regarding VMC's position in the mining hardware race? How does the upgradability of the FastHash miner factor into the competition?

[kslaughter]

I don't believe that to be correct tbh.

My understanding is that it will be today:

kslaughter on September 27, 2013, 05:48:18 PM

Today's Dividends

Today's Dividend will be delayed until next Wednesday

This is due to the ongoing transfer of shares from BTC-TC to Bitfunder.  So, before dividends are paid out on Wednesday of next week all transfers of shares to bitfunder will have to be completed.  The dividend on Wednesday will be larger than normal and also we will start paying the dividend on Wednesday of each week.

"...will be delayed until next Wednesday"

Was posted on Friday. Next Wednesday may be referring to Oct 9th. Atleast that's how I take it.

Next Wednesday from the above post is today, Oct 2nd.

[blo8i]

it is still Wednesday, so he still have time.

[Pompobit]

*

great analysis kleeck, thank you.

I'm still expecting some detail from Ken about how mush hashrate AMC is supposed to bring online in november/december.

We are supposed to get a profit greater than those prospected by kleeck's analysis because we could get chips at factory cost, but we still don't know how many we will get, so it's hard to figure out oru profits.

[Sou]

*

great analysis kleeck, thank you.

I'm still expecting some detail from Ken about how mush hashrate AMC is supposed to bring online in november/december.

We are supposed to get a profit greater than those prospected by kleeck's analysis because we could get chips at factory cost, but we still don't know how many we will get, so it's hard to figure out oru profits.

We won't be hearing those numbers for awhile. A few dozen of those 24Th units would be nice 

[Pompobit]

*

great analysis kleeck, thank you.

I'm still expecting some detail from Ken about how mush hashrate AMC is supposed to bring online in november/december.

We are supposed to get a profit greater than those prospected by kleeck's analysis because we could get chips at factory cost, but we still don't know how many we will get, so it's hard to figure out oru profits.

We won't be hearing those numbers for awhile. A few dozen of those 24Th units would be nice 

I can't figure out why we can't hear that. All Ken needs to know to estimate the hashrate is the chips' cost (and he probably knows it in a good approximation, otherwise he couldn't set preorder prices) and the btc stored to invest in chips. So i think he could easily communicate a gross estimate of our expected hashrate.
I would also be happy just to know why we can't get this information at the current stage

[kleeck]

*

great analysis kleeck, thank you.

I'm still expecting some detail from Ken about how mush hashrate AMC is supposed to bring online in november/december.

We are supposed to get a profit greater than those prospected by kleeck's analysis because we could get chips at factory cost, but we still don't know how many we will get, so it's hard to figure out oru profits.

We won't be hearing those numbers for awhile. A few dozen of those 24Th units would be nice 

I can't figure out why we can't hear that. All Ken needs to know to estimate the hashrate is the chips' cost (and he probably knows it in a good approximation, otherwise he couldn't set preorder prices) and the btc stored to invest in chips. So i think he could easily communicate a gross estimate of our expected hashrate.
I would also be happy just to know why we can't get this information at the current stage

I think I can shed some light on this.

The price of chips hinges on the amount of sales VMC makes between now and roll out time. Less sales means we have less money, so we have to order a smaller batch of chips from eASIC. The issue is that eASIC rewards larger batches of chips with a cheaper cost/chip, so poor sales means less chips for more money. Until we see the completed sales figures for October it will be hard to know how many chips we can order and at what price point.

Does that make sense?

[SebastianJu]

@kleeck... how certain is it that these miners are in hands of the miners on start of december? And even though i think the calculator you used it the best available... this website only takes a certain percent of diff rise per month. Even though its 126% per month now this 30 day percent constantly is rising. So i think the div will be maybe at 137% then 158% and so on the next months. So i think the calculation probably is too good to be true. On top the uncertainty that comes with preorders.

[kleeck]

@kleeck... how certain is it that these miners are in hands of the miners on start of december? And even though i think the calculator you used it the best available... this website only takes a certain percent of diff rise per month. Even though its 126% per month now this 30 day percent constantly is rising. So i think the div will be maybe at 137% then 158% and so on the next months. So i think the calculation probably is too good to be true. On top the uncertainty that comes with preorders.

We don't truly know when products will be shipped from anyone. Could be end of November, could be the end of December. This is the best analysis I knew how to do.

The Genesis Block uses near-exponential difficulty rises from month to month. I think the projections are plenty realistic.

[SebastianJu]

@kleeck... how certain is it that these miners are in hands of the miners on start of december? And even though i think the calculator you used it the best available... this website only takes a certain percent of diff rise per month. Even though its 126% per month now this 30 day percent constantly is rising. So i think the div will be maybe at 137% then 158% and so on the next months. So i think the calculation probably is too good to be true. On top the uncertainty that comes with preorders.

We don't truly know when products will be shipped from anyone. Could be end of November, could be the end of December. This is the best analysis I knew how to do.

The Genesis Block uses near-exponential difficulty rises from month to month. I think the projections are plenty realistic.

Yes, they user exponential difficulty. But thats not enough. Exponentially would be 30% each month. But these percent per month are rising exponentially itself. Thats even worse.