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

[EskimoBob]

Yes. Ford sell more cars than Porsche. But Porche have the better car - by far.

Ford revenue 2012: 134 Billion USD
Porsche revenue 2012: 13.9 Billion Euros

ActM isn't Ford or Porsche in this analogy though, that would be AM and KnC respectively. Think of the crappiest car company you can think of, that's ACtM in this analogy.

KIA Motors.

At the moment, ActM is more like a flying bicycle, powered by rainbows and things.

[Mabsark]

Ken, do you take everyone here for gullible idiots?

The original plan was for 45nm chips and 28nm chips, but the 45nm chips were cancelled because you didn't think they were worth pursuing. Now you're talking of 55nm in Q2/14?

Ken, if you would of stuck to the original plan to produce 45nm chips, would ActM be mining on them now instead of having to wait a few more months for 55nm chips which are going to be completely useless by the time they're mining?

[VinceSamios]

Prediction - Ken decided to move from NExtreme to Easiccopy.

You heard it here first... although I missed the 55nm chip stuff.

[Puppet]

So Nextreme 3 is indeed delayed/DOA. No other reason for this move, and no way eASIC would otherwise give Ken the netlog and IP. I guess thats their way of making up.

Not sure why people consider this good news though; a 55nm asic has most of the disadvantages of a 28nm structured asic (lower powwer effiency, lower performance/mm²) without having the key advantage: time to market. I guess its about the only thing Ken could do, but good news, it aint.

[sparky999]

Can we just give Ken a little credit for pursuing other avenues for a second? He knows what cost these chips are getting produced at and he obviously thinks there is a lot of money to be made otherwise he would have just waited for the custom 28nm from  eAsic.

Let's just give the guy a break he is clearly doing everything he can to make this a success as an investor that's all you can ever ask.

[kactech]

1.9GH/s and 2.5W, estimated end of profitable hashing:
0.20 $/kWh - July
0.15 $/kWh - August
0.10 $/kWh - September
One month extra if BTC at $2k. From selling point, it can make wide customer base for future 28nm but needs high volume, no preorders, sell at costs, deliver on time.

[NxtChoice]

1.9 GH/s, 2.5W

Which means 2.5W/GH or total 2.5W for 1.9GH/S?

[drawingthesun]

So lets get this straight, the 55nm is delivered in 2 months (April 1st) and as I understand it even the original 28nm would be obsolete by then, so this chip gets some product shipped and some mining revenue in the bank, but make no mistake, our future rests on the new 28nm chip.

If this chip comes a few months after the 55nm, we are looking at mid 2014 for this new 28nm. I expect the competition to begin construction on the first TH/s chips by then so I really hope our mid 2014 28nm is several hundred GH/s at least.

Ken, you have mentioned that CryptoTrade will come before ColouredCoins, if this is true then will you allow us to transfer from CryptoTrade once ColouredCoins happen or are you still not allowing any transfer (Meaning if we want our shares to be ColouredCoins we have to wait and not trade at all)

Thanks.

[Bargraphics]

I have found a record of People's ASIC:

http://www.bizapedia.com/ca/PEOPLES-ASIC-LLC.html

It is "run" by a Gregor Glawitsch who has a Computer Science degree from Johannes Kepler University.

Dude seems legit - he has some background all over Google.

I've known Greg for the past 8 months and he's an extremely smart and talented engineer. I was very surprised myself when reading the newest press release as I was the one that introduced the two but to only have Greg give me his opinion about Ken back in July. https://bitcointalk.org/index.php?topic=252531.msg2836176#msg2836176

I'm happy I made that connection because I'm confident that this project will be successful.

So Nextreme 3 is indeed delayed/DOA. No other reason for this move, and no way eASIC would otherwise give Ken the netlog and IP. I guess thats their way of making up.

Not sure why people consider this good news though; a 55nm asic has most of the disadvantages of a 28nm structured asic (lower powwer effiency, lower performance/mm²) without having the key advantage: time to market. I guess its about the only thing Ken could do, but good news, it aint.

Hi Puppet,

The IP came from People's ASIC. eASIC is simply moving to a full custom chip and from my understanding they will be not being Nextreme or eASICCopy to do this. eASIC is now simply just the backend designer similar to what uniquify was to hashfast and alchip is to KnC. I'm sure that eASIC will also still use their partnered Fabs and connections to see the whole chip process through.

55nm is a good stop-gap measure, the chip prices to produce and package it in bulk will definitely be profitable in Q2. My estimations put the 28nm chip around July/August which will still be fine considering it is a full custom.

[penlight]

Quoting from the VMC thread:

We are estimating on shipping our 45nm series of machine by 12/31/2013 and our 28nm by 6/30/2014

So look like we're back to the projections made in 2013 May. Forgetting the 45nm chips, of course.

[kslaughter]

So lets get this straight, the 55nm is delivered in 2 months (April 1st) and as I understand it even the original 28nm would be obsolete by then, so this chip gets some product shipped and some mining revenue in the bank, but make no mistake, our future rests on the new 28nm chip.

If this chip comes a few months after the 55nm, we are looking at mid 2014 for this new 28nm. I expect the competition to begin construction on the first TH/s chips by then so I really hope our mid 2014 28nm is several hundred GH/s at least.

Ken, you have mentioned that CryptoTrade will come before ColouredCoins, if this is true then will you allow us to transfer from CryptoTrade once ColouredCoins happen or are you still not allowing any transfer (Meaning if we want our shares to be ColouredCoins we have to wait and not trade at all)

Thanks.

As of now you would have to make a choice.  Now, that said it the Bitcoin world it is hard to see 1 day ahead.  So, if you want to take a chance on CT and later and we have the man power and systems in place where we could move the shares from CT to CC then we would.  Of course if you are on CT something like what happen to Bitfunder could happen and we would have to move the shares to CC.

[kslaughter]

Quoting from the VMC thread:

We are estimating on shipping our 45nm series of machine by 12/31/2013 and our 28nm by 6/30/2014

So look like we're back to the projections made in 2013 May. Forgetting the 45nm chips, of course.

Not quite, the 55 nm is a full custom chip.

[kslaughter]

1.9 GH/s, 2.5W

Which means 2.5W/GH or total 2.5W for 1.9GH/S?

2.5W per chip or 1.315789474W/GH

Edit: 2.5 Watts per GH/s

[kslaughter]

1.9GH/s and 2.5W, estimated end of profitable hashing:
0.20 $/kWh - July
0.15 $/kWh - August
0.10 $/kWh - September
One month extra if BTC at $2k. From selling point, it can make wide customer base for future 28nm but needs high volume, no preorders, sell at costs, deliver on time.

How about 0.017 $/kWh 

[kslaughter]

We are selling Ukyo shares on Crypto-Trade to recover our losses on Bitfunder.

We will start moving Investors shares to Crypto-Trade within the next 7 days.

[wasubii]

1.9GH/s and 2.5W, estimated end of profitable hashing:
0.20 $/kWh - July
0.15 $/kWh - August
0.10 $/kWh - September
One month extra if BTC at $2k. From selling point, it can make wide customer base for future 28nm but needs high volume, no preorders, sell at costs, deliver on time.

How about 0.017 $/kWh 

A simple interpolation of his figures would suggest mid-July.

But that assumes his maths above is correct.

I'd like to see the figures on this - what difficulty increased have you presumed kactech? Please show us your calculation.

[snowdropfore]

We are selling Ukyo shares on Crypto-Trade to recover our losses on Bitfunder.

We will start moving Investors shares to Crypto-Trade within the next 7 days.

is it legal to sell the shareholder's asset??

[Subcide]

It feels a bit dodgy for you to be picking the highest bids on CT while the rest of the market is in limbo... I don't know if it is, but it feels it.

[snowdropfore]

We are selling Ukyo shares on Crypto-Trade to recover our losses on Bitfunder.

We will start moving Investors shares to Crypto-Trade within the next 7 days.

is it legal to sell the shareholder's asset??

sell  order's price is 0.01??

[kleeck]

We are selling Ukyo shares on Crypto-Trade to recover our losses on Bitfunder.

We will start moving Investors shares to Crypto-Trade within the next 7 days.

is it legal to sell the shareholder's asset??

This was discussed ad nauseum when Ukyo's shares were first seized. I'd love for this conversation to NOT be drudged back up.