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

[minerpart]

Im confused...

So are we using another company to make a 55nm chip while we wait on eASIC's 28nm full custom? or is the 55nm from eASIC?

We have entered a partnership with a group of engineers the result of which will be a 55nm chip produced by UMC. We will likely get a healthy split of all profits from this partnership.

While that happens eASIC will be working on our 28nm FULL CUSTOM.

CORRECTED BELOW

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[knybe]

so we'll be coming out with 55nm chips at around the same time that KnC delivers their 20nm Neptune's?

Yes. The 28nm goes full custom with eASIC so we get a market leading chip when that arrives. While we wait for that (and we were always going to be waiting) Ken has struck up a partnership to mass produce cheap 55nm chips that will provide us with Millions in revenue to throw at our 28nm. This move shows us Ken is working far more than anyone suspected at making us a success.

Our chances of knocking out huge numbers of leading performance 28nm ASIC's just went up about 1000%.

oh good… phew.

[minerpart]

oh good… phew.

 

[kslaughter]

so we'll be coming out with 55nm chips at around the same time that KnC delivers their 20nm Neptune's?

Yes. The 28nm goes full custom with eASIC so we get a market leading chip when that arrives. While we wait for that (and we were always going to be waiting) Ken has struck up a partnership to mass produce cheap 55nm chips that will provide us with Millions in revenue to throw at our 28nm. This move shows us Ken is working far more than anyone suspected at making us a success.

Our chances of knocking out huge numbers of leading performance 28nm ASIC's just went up about 1000%.

The 55 nm is owned by Active Mining, so this is not a partnership; however, the two engineers are on our team.

[kslaughter]

Im confused...

So are we using another company to make a 55nm chip while we wait on eASIC's 28nm full custom? or is the 55nm from eASIC?

We have entered a partnership with a group of engineers the result of which will be a 55nm chip produced by UMC. We will likely get a healthy split of all profits from this partnership.

While that happens eASIC will be working on our 28nm FULL CUSTOM.

This is not a partnership, we own 100% of the IP.

[keepinithamsta]

Maybe I missed it because I just skimmed the pages.

Is there any physical proof of this?   Namely pictures of the unit that includes pictures of the actual real-world hashrate or at least a pool account we can look at?

[Bitdust]

So now instead of a 28nm chip last year you've been promised a 55nm chip Q2 this year, and...  this is good news?
Any news on the new boards to stick these 1.9GH chips on, and the millions of dollars in claimed preorders to refund, or is that a problem for later?

[kslaughter]

Maybe I missed it because I just skimmed the pages.

Is there any physical proof of this?   Namely pictures of the unit that includes pictures of the actual real-world hashrate or at least a pool account we can look at?

The chips have not been produced at this time.  We have just taped-out, so this is the start of the manufacturing process.

[Bitdust]

Ken, how long have you known that the eAsic 28nm chip you promised everyone was never going to materialize?
Is there anything to suggest the "stealth startup" in your announcement is any more real than any of the other bull you've been feeding these folks?
Do you feel that you've successfully stalled this mess for another 5 months?

[minerpart]

Ken, how long have you known that the eAsic 28nm chip you promised everyone was never going to materialize?

If the CEO of ACtM says on an open forum that eASIC are working on our full custom 28nm ASIC then you can be sure that's a reality.

[kslaughter]

Ken,
How far behind the 55nm rollout will the full custom 28nm be?

Not very much.  We now have 2 Engineers in San Jose and a Project Manager working very closely with eASIC to make sure the project is completed the the shortest time possible.

[Bitdust]

Ken, how long have you known that the eAsic 28nm chip you promised everyone was never going to materialize?

If the CEO of ACtM says on an open forum that eASIC are working on our full custom 28nm ASIC chip then you can be sure that's a reality.

This CEO has been feeding you bull from the start, and you have been begging for more and bragging about how great it tastes.  You deserve each other.

[kslaughter]

Will Intellihash be an added bonus to the 1.9GH/s chip or is that already factored in?

No, Intellihash will be a bonus.

[tiaguitah]

Hey ken, please wait for the coloredcoins test/finish their project...

So we can be the one of the first serious securities trading there. Instead of having the old fashioned easily take down securities web-exchange.

Thanks for the updated. We really apreciated!

Good times coming!

[kslaughter]

Hey ken, please wait for the coloredcoins test/finish their project...

So we can be the one of the first serious securities trading there. Instead of having the old fashioned easily take down securities web-exchange.

Thanks for the updated. We really apreciated!

Good times coming!

We will have to use CT and CS now.

[kleeck]

This is a very interesting update. Let me precursor everything with this fact: not being on the bleeding edge does not mean that there is no possible profit. Let that ruminate. AMD has been the budget option to Intel for a long time. They have been the weaker option and yet they are still very much a thriving business. There are many examples of this when the demand is much greater than the supply - which is what we undoubtedly have in the mining market.

That said, 55nm is old. No, let me rephrase that, 55nm is ANCIENT - at least as far as the Bitcoin ecosystem is concerned.

Wait. Let me back up.

If you've read Ender's Game (which you should) then you'll remember when Ender is training his team and he quickly realizes that no one has any frame of reference in the battle room - a zero gravity space simulator pitting two teams against each other. Without anyway to think about the landscape there is no way to talk about it and if there is no way to talk about it there is no way assess, well, anything. Ender solves this simply. When the door opens the enemy gate is always "down". The objective is always "down". Once you have "down" you have a frame of reference, you can talk about the landscape, you can know where you are and where the enemy is.

Our "down" isn't quite as simple, but it certainly isn't complicated. One of our ways of gaining a frame of reference is to look at the competition's chip size. Is their tech more efficient then ours? Where are we in relation to them? KnC is aiming for 20nm by Q2. All of the other competition is still 28nm, as far as I know at this time. KnC has had 28nm since October of last year, if I recall (which is centuries in the Bitcoinoverse!) So the next frame of reference for us is $/GH. What is our cost per GH vs. the competition. And lastly, how many units can the company put out? Does their queue fill quickly? Do they leave a lot of demand when they move to push out their shipping date?

Once you can compare ActM vs everyone else pumping out machines using these metrics you'll get a good feel for the landscape and where ActM is within it.

I've long said that ActM doesn't have to be the #1 selling ASIC Miner, and I stand by that. ActM can make a good return on investment if it simply picks up all the leftovers when the big guys get their queues filled. That being said, the market is only getting more crowded and the crowd left over after #1 will flock to #2, and when it fills #3. The further we are down that totem the less likely we are to see a full queue. Q4 sales were, quite frankly, better than I expected. I hope that continues, but I have a hard time thinking that 55nm tech is going to draw anyone to VMC unless the $/GH is quite impressive. In my humble opinion, the full-custom chips better be right on the heels of the 55nm.

Ken,
How far behind the 55nm rollout will the full custom 28nm be?

Not very much.  We now have 2 Engineers in San Jose and a Project Manager working very closely with eASIC to make sure the project is completed the the shortest time possible.

^ This is very good.

[shadallion]

I fully support listing on CT as soon as possible if only to give these whining assclowns the chance to dump their shares and then GTFO of this thread. 

[Bitdust]

I fully support listing on CT as soon as possible if only to give these whining assclowns the chance to dump their shares and then GTFO of this thread.  

We're here to help you celebrate!  After all, you're getting almost double what you were promised (55nm instead of 28nm) only half a year later!  True, it's just another promise, but hey, let's not get greedy, amirite?

 plus 1 for CT - a great stock deserves a great exchange!

[minerpart]

kleeck,

using https://coinplorer.com/Hardware and Ken's '1.9 GH/s, 2.5 Watts.'

I think this 55nm chip will have around 65% of the performance (W/GH) of KnC's 2014 Q2 Neptune 20nm chip?

Now if we are only 35% in performance terms behind the cutting edge market leaders I think that is pretty good. We can price our units accordingly. Like you say the market is deep and there is certainly room for a budget machine that costs 65% of the top end KnC model and performs 65% as well. We would be on equal terms with KnC in price per GH's if we can price our machines accordingly.

Even if we are 20% more expensive than KnC we can still sell out if the global supply of machines can not meet the global demand. Infact if demand is insatiable as it may become with BTC higher than it is then every single miner that can ROI will be sold out.

So long as we can produce a machine that will ROI+ we will do well with the 55nm tech. And 1.3W per GH in Q2 is not obsolete by any means.

[kslaughter]

kleeck,

using https://coinplorer.com/Hardware and Ken's '1.9 GH/s, 2.5 Watts.'

I think this 55nm chip will have around 65% of the performance (W/GH) of KnC's 2014 Q2 Neptune 20nm chip?

Now if we are only 35% in performance terms behind the cutting edge market leaders I think that is pretty good. We can price our units accordingly. Like you say the market is deep and there is certainly room for a budget machine that costs 65% of the top end KnC model and performs 65% as well. We would be on equal terms with KnC in price per GH's if we can price our machines accordingly.

Even if we are 20% more expensive than KnC we can still sell out if the global supply of machines can not meet the global demand. Infact if demand is insatiable as it may become with BTC higher than it is then every single miner that can ROI will be sold out.

So long as we can produce a machine that will ROI+ we will do well with the 55nm tech. And 1.3W per GH in Q2 is not obsolete by any means.

Take this into account, a lot more customers have $1,000 or $2,000 for a machine than $10,000 for a machine.