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

[zumzero]

Current Bitcoin difficulty is 2677 TH

1% of that is 26.77 TH

1 of our fully specced machines churns out 24.58 TH

Anyone see where this is going...?

So to maintain >1% of global hashing, we only need to add 1 machine for every 24TH increase in difficulty.  Doing so would increase our percentage everytime we added a machine.  Can Ken build and operate dozens or even hundreds of these?  Of course he can.  That is what he does.  He's a miner.

Listen to the FUD if you want to guys.  You can't sell now even if you wanted to so just sit back and enjoy the show.

The war is just beginning and ActM will prevail.

THE BATCAVE IS COMING TO A CITY NEAR YOU!!!!    

[minerpart]

That floor space right there alone could hold 20 banks of three tier 30 bank shelves so that would be 600 miners.

[minerpart]

We're making a 24TH miner...assuming we could afford more than 1 of our own miners, i'd say 1% is a tad low.

I can also make a 24 TH miner, with Block Erupters.

The most powerful base unit is this: http://virtualminingcorp.com/shop1/index.php?id_product=26&controller=product

To achieve the advertised 24 TH, you need many of these, and "expansion cases" (basically PCI-Express multiplexers, though it's probably cheaper to use many of your own motherboards instead of what VMC is selling). It is cute marketing, but it's not a chip doing 24 TH, or even a unit.

Santa Clara, CA and Springfield, MO – September 4, 2013 – eASIC® Corporation, a leading provider of single mask ASIC devices and Virtual Mining Corporation (VMC) today announced that VMC will use eASIC Nextreme-3™ 28nm devices to create a series of scalable Bitcoin mining machines capable of generating up to 24.756 TH/s (tera hashes per second) of cryptographic hashes.



Yeah I think we know it's not a single chip or perhaps not all in one base unit, what difference does that make? Each miner will be 24TH period. How do you like them apples?


LOL to you quoting retail price, er I don't think ACtM will be paying that some how. And I think for the large industrial unit there will be a solution that doesn't involve 96 PCI cards.

[minerpart]

Here's a challenge for someone - can you work out how many of these machines ACtM will need to have running in 2months from now to capture 5% of the global market in BTC mining?

First answer gets a gold star.

[Bargraphics]

Here's a challenge for someone - can you work out how many of these machines ACtM will need to have running in 2months from now to capture 5% of the global market in BTC mining?

First answer gets a gold star.

Pick me Pick me,

The answer is 17-20

or

1632 - 1920 256GH Cards

or

26,112 - 30,720 16GH Chips

[minerpart]

Here's a challenge for someone - can you work out how many of these machines ACtM will need to have running in 2months from now to capture 5% of the global market in BTC mining?

First answer gets a gold star.

Pick me Pick me,

The answer is 17-20

or

1632 - 1920 256GH Cards

or

26,112 - 30,720 16GH Chips

YOU GET THE GOLD STAR!!

A poxy 20 miners for 5% in 2 months.

I like this.

[Bargraphics]

Here's a challenge for someone - can you work out how many of these machines ACtM will need to have running in 2months from now to capture 5% of the global market in BTC mining?

First answer gets a gold star.

Pick me Pick me,

The answer is 17-20

or

1632 - 1920 256GH Cards

or

26,112 - 30,720 16GH Chips

YOU GET THE GOLD STAR!!

A poxy 20 miners for 5% in 2 months.

I like this.

I have no opinion on this until we see chips and know the die size so we can see how many chips/wafer.

If 30,000 chips is only 6 wafers then not bad but if it ends up being 25 wafers then I believe it will be difficulty for ActM to keep up it's own mining operation while selling units.

[Sou]

We're making a 24TH miner...assuming we could afford more than 1 of our own miners, i'd say 1% is a tad low.

I can also make a 24 TH miner, with Block Erupters.

The most powerful base unit is this: http://virtualminingcorp.com/shop1/index.php?id_product=26&controller=product

To achieve the advertised 24 TH, you need many of these, and "expansion cases" (basically PCI-Express multiplexers, though it's probably cheaper to use many of your own motherboards instead of what VMC is selling). It is cute marketing, but it's not a chip doing 24 TH, or even a unit.

While very user-unfriendly, you see that here:
http://virtualminingcorp.com/shop1/index.php?id_product=23&controller=product

To achieve 24 TH, you need a base unit, 96 cards, and 6 expansion cases for a total of $155,598.80. And I hope you have 21 KW.

No duh. The point of the post was to point out that if we even had a small portion of what we're advertising the 1% is easy.

[knybe]

hey Ken?

anyone seen Ken lately?

[VolanicEruptor]

Quote from: kslaughter on September 12, 2013, 09:54:20 PM

I am working on hiring a PR firm.  Lot of things are going to be happening in the next few weeks and months.

So Ken, what does "Lot of things" entail?  It doesn't look like a lot has happened at all in the last few weeks other than a severe mutilation of share price. 
Something is obviously going wrong if we're sitting here, 6 weeks after you posted that, still twiddling our thumbs and wondering if you are going to show us any life..

Maybe it's time for some of us to start fighting for our money back.  Where's our eASIC chips that we paid for?

[Puppet]

If 30,000 chips is only 6 wafers then not bad but if it ends up being 25 wafers then I believe it will be difficulty for ActM to keep up it's own mining operation while selling units.

For some perspective, going by their specs, hashfast would get ~750 100GH dies (4 dies in one packaged chip)  out of a 300mm wafer, so ~75TH per wafer. ActM uses a structured asic, there is a penalty for that, but I dont know how big. Not likely more than a factor 2x, so Im guessing they should get at least ~40TH per wafer.  What can you deduce from that? Nothing really, because we dont have a clue of easic nextreme wafer pricing.

[minerpart]

hey Ken?

anyone seen Ken lately?

Yep, he's on here almost everyday posting or deleting or on pm. Oh yeah, I think he also has a fledgling multi-million dollar business to run but I'm sure that doesn't take up much of his day. Muppet.

[finlof]

A good way I think to look at ACtM's prospects is in terms of % of 'global production'. Lets pretend for a second that ACtM make not miners but golf clubs. Lets also say the market for golf clubs is rising by 100% a month and all manufactured clubs are bought by eager golfers. Lets also say that ACtM have a deal with a very very successful golf club manufacturer, lets call them eASIGolf. Now in that situation would we think that ACtM could initially capture 1% of the global golf club market? Bearing in mind they have a couple of mill USD to have eASICGolf design and fab the latest tech clubs. I think that is more than likely. Now there are already several established golf club makers on the market but still the 1% seems to me to be conservative. Lets, move on 2 months, the golf club market has expanded, can ACtM ramp up production to meet demand? Well yes, everyone else is having to so there is no reason why eASIGolf can't knock out more and more sets of clubs. 1% of a global market worth say 400 million USD per year is not actually all that big a deal. It's only 4mill USD isn't it?

how about we 1st pretend that ACtM makes miners.

[Bargraphics]

If 30,000 chips is only 6 wafers then not bad but if it ends up being 25 wafers then I believe it will be difficulty for ActM to keep up it's own mining operation while selling units.

For some perspective, going by their specs, hashfast would get ~750 100GH dies (4 dies in one packaged chip)  out of a 300mm wafer, so ~75TH per wafer. ActM uses a structured asic, there is a penalty for that, but I dont know how big. Not likely more than a factor 2x, so Im guessing they should get at least ~40TH per wafer.  What can you deduce from that? Nothing really, because we dont have a clue of easic nextreme wafer pricing.

The wafer pricing isn't much more than normal wafers from what I hear (1K-2K more) The real cost of eASIC is in the NRE.

If each wafer is 40TH (2500 Chips/Wafer)

Then they only need 10-12 wafers which isn't SO bad I guess but I think your penalty might be a little optimistic.

[minerpart]

how about we 1st pretend that ACtM makes miners.

Yeah good one, but I deliberately said 'makes miners' rather than 'plans to' because I think the first VMC miner is already alive. It might not be for sale or have our eASIC chip inside it yet but that's why it's a prototype.

[Puppet]

The wafer pricing isn't much more than normal wafers from what I hear (1K-2K more) The real cost of eASIC is in the NRE.

The whole point of nextreme is lowering the NRE for smaller volumes by eliminating the need for a full mask set.  

[minerpart]

The wafer pricing isn't much more than normal wafers from what I hear (1K-2K more) The real cost of eASIC is in the NRE.

The whole point of nextreme is lowering the NRE for smaller volumes by eliminating the need for a full mask set.  

+1

[minerpart]

Yeah we got your point 3 posts ago, you don't need to repeat yourself you know.

So you have discovered that ACtM do marketing. OK. And the miner is not 1 machine but involves expansion cards/cases. Check.

Thank's for telling us what we already knew. Please do come back soon.

[minerpart]

So Ken, what does "Lot of things" entail?  It doesn't look like a lot has happened at all in the last few weeks other than a severe mutilation of share price. 

Well the Advisory Board resigned enmass, btc-tc shut down, BF has barred US investors, the SEC has been sending cease and desist letters around, oh and Ken took the mine pic down from the VMC website. That to me is a lot of things. What more do you want?

lol to the Troll.

[Bargraphics]

The wafer pricing isn't much more than normal wafers from what I hear (1K-2K more) The real cost of eASIC is in the NRE.

The whole point of nextreme is lowering the NRE for smaller volumes by eliminating the need for a full mask set.  

The NRE is lowered because it is an FPGA Copy.....

The NRE was ~1M

When I visited California and talked to many individuals that are much more familiar with ASIC costs than I am all stated that 1M NRE for 28nm eASIC (FPGA Copy) is a pretty high NRE.

eASIC Bulk buys these Wafers and has them ready for their customers, they go ahead and charge a couple thousand dollars more per wafer than normal retail and benefit from their bulk purchase and the markup per wafer.

This is my understanding and could be wrong.