JoTheKhan
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January 23, 2014, 05:31:49 PM |
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Your writing style and verbiage are exactly the same.
Who cares if they are the same person. Their grandiose dreams are not reality at the moment. The only way our 55nm chips have a chance of selling out is if we peg the price to a fiat value (which Ken actually does) and then the price of BTC soars through the roof (the past market developments don't predict future market developments). BTC could crash before it goes sky high and ACTM could fail completely and be broke once that crash hits for all we know.
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Stuartuk
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January 23, 2014, 05:32:17 PM |
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Verbiage:
I could say the same about all you Yanks on here but I'm too polite.
Seriously if I didn't know miner and zum I would say I was talking to just one totally crazy American dude on here sometimes.
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minerpart
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January 23, 2014, 05:38:01 PM |
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isn't it safe to say that mining with 28nm even as early as February wouldn't make ROI?
For some retail machines you might be right. Cost of equipment is key. We should be selling budget machines with our 55nm chip and they will ROI because despite being 55nm they will be cheap and they will be very very good custom-build chips. At the GH/W level they will be 65% of the Q2 20nm KnC Neptune. https://coinplorer.com/Hardware
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Bitdust
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January 23, 2014, 05:42:44 PM |
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Verbiage:
I could say the same about all you Yanks on here but I'm too polite.
Seriously if I didn't know miner and zum I would say I was talking to just one totally crazy American dude on here sometimes.
It's tempting to give cattle endearing names like Bluebell and Stuartuk, but it makes for a sad day when they it finally has to be hauled to the Slaughterhouse.
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minerpart
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January 23, 2014, 05:53:46 PM |
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The only way our 55nm chips have a chance of selling out is if we peg the price to a fiat value (which Ken actually does) and then the price of BTC soars through the roof
I don't think so. They need to be priced competitively to the other alternatives on the market, that's all. If BTC goes through the roof, it does so for everyone and all chips rise by the same desirability factor. Unless you are talking about market supply running out because of high BTC and the resulting high demand for any hashable chip creating business.
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JoTheKhan
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January 23, 2014, 06:01:56 PM |
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The only way our 55nm chips have a chance of selling out is if we peg the price to a fiat value (which Ken actually does) and then the price of BTC soars through the roof
I don't think so. They need to be priced competitively to the other alternatives on the market, that's all. If BTC goes through the roof, it does so for everyone and all chips rise by the same desirability factor. Unless you are talking about market supply running out because of high BTC and the resulting high demand for any hashable chip creating business. Yes I am talking about market supply running out because of high BTC and the resulting high demand. That is our best (only) bet for selling our 55nm chips realistically speaking. Now if we want to add fantasy and unicorns and stuff then hell we might have some rich idiot buy all our chips for 200% Mark up.
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VolanicEruptor
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January 23, 2014, 06:04:02 PM |
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The only way our 55nm chips have a chance of selling out is if we peg the price to a fiat value (which Ken actually does) and then the price of BTC soars through the roof
I don't think so. They need to be priced competitively to the other alternatives on the market, that's all. If BTC goes through the roof, it does so for everyone and all chips rise by the same desirability factor. Unless you are talking about market supply running out because of high BTC and the resulting high demand for any hashable chip creating business. Yes I am talking about market supply running out because of high BTC and the resulting high demand. That is our best (only) bet for selling our 55nm chips realistically speaking. Now if we want to add fantasy and unicorns and stuff then hell we might have some rich idiot buy all our chips for 200% Mark up. "some rich idiots" are rare. Usually wealth is kept pretty well by those who know how to use a calculator..
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Nootnewbie
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January 23, 2014, 06:07:32 PM |
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Not sure if anybody is interested in this, but I'd be willing to get a price set for my shares before trading starts. We can use an escrot service to transfer once trading begins again. Gauging interest for selling 10,000 of my shares for 12 BTC total. PM me if interested.
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JoTheKhan
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January 23, 2014, 06:09:19 PM |
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The only way our 55nm chips have a chance of selling out is if we peg the price to a fiat value (which Ken actually does) and then the price of BTC soars through the roof
I don't think so. They need to be priced competitively to the other alternatives on the market, that's all. If BTC goes through the roof, it does so for everyone and all chips rise by the same desirability factor. Unless you are talking about market supply running out because of high BTC and the resulting high demand for any hashable chip creating business. Yes I am talking about market supply running out because of high BTC and the resulting high demand. That is our best (only) bet for selling our 55nm chips realistically speaking. Now if we want to add fantasy and unicorns and stuff then hell we might have some rich idiot buy all our chips for 200% Mark up. "some rich idiots" are rare. Usually wealth is kept pretty well by those who know how to use a calculator.. Yup I know they are, that's why I said "if we want to add fantasy." These delusions by the usual trio need to be a little more grounded.
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minerpart
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January 23, 2014, 06:11:35 PM |
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Yes I am talking about market supply running out because of high BTC and the resulting high demand. That is our best (only) bet for selling our 55nm chips realistically speaking. Now if we want to add fantasy and unicorns and stuff then hell we might have some rich idiot buy all our chips for 200% Mark up.
The desirability of any chip is not based on it's clock speed but on it's value on the MH/s/$ scale (with GH/W being important) You could bring out a 8nm ASIC but if it costs 500% more than a 28nm chip but only does 150% more hashing then no-one will buy it. Our 55nm just needs to be cheap, if they are they will sell. No unicorns need to be employed in this venture.
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JoTheKhan
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January 23, 2014, 06:19:40 PM |
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Yes I am talking about market supply running out because of high BTC and the resulting high demand. That is our best (only) bet for selling our 55nm chips realistically speaking. Now if we want to add fantasy and unicorns and stuff then hell we might have some rich idiot buy all our chips for 200% Mark up.
The desirability of any chip is not based on it's clock speed but on it's value on the MH/s/$ scale (with GH/W being important) You could bring out a 8nm ASIC but if it costs 500% more than a 28nm chip but only does 150% more hashing then no-one will buy it. Our 55nm just needs to be cheap, if they are they will sell. No unicorns need to be employed in this venture. Are they going to be cheap though? You have no idea. You guys make estimates on the most vague Ideas. Ken can come on here and ONLY say "Don't worry guys I have a plan" and you guys will be on here an hour later with strategic planning, estimates of ROI, share value, and an info graphic and some pie charts with the title "We're gonna be Rich!" and "To the Moon!".
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Bitdust
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January 23, 2014, 06:20:35 PM |
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Yes I am talking about market supply running out because of high BTC and the resulting high demand. That is our best (only) bet for selling our 55nm chips realistically speaking. Now if we want to add fantasy and unicorns and stuff then hell we might have some rich idiot buy all our chips for 200% Mark up.
The desirability of any chip is not based on it's clock speed but on it's value on the MH/s/$ scale (with GH/W being important) You could bring out a 8nm ASIC but if it costs 500% more than a 28nm chip but only does 150% more hashing then no-one will buy it. Our 55nm just needs to be cheap, if they are they will sell. No unicorns need to be employed in this venture. The reason real ASIC companies are working on 28nm chips is those chips *are* cheaper per GH/s. Do you really think they're after the novelty of paying more for exotic tech?
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R_Lem
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January 23, 2014, 06:22:10 PM |
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Yes I am talking about market supply running out because of high BTC and the resulting high demand. That is our best (only) bet for selling our 55nm chips realistically speaking. Now if we want to add fantasy and unicorns and stuff then hell we might have some rich idiot buy all our chips for 200% Mark up.
The desirability of any chip is not based on it's clock speed but on it's value on the MH/s/$ scale (with GH/W being important) You could bring out a 8nm ASIC but if it costs 500% more than a 28nm chip but only does 150% more hashing then no-one will buy it. Our 55nm just needs to be cheap, if they are they will sell. No unicorns need to be employed in this venture. Are they going to be cheap though? You have no idea. You guys make estimates on the most vague Ideas. Ken can come on here and ONLY say "Don't worry guys I have a plan" and you guys will be on here an hour later with strategic planning, estimates of ROI, share value, and an info graphic and some pie charts with the title "We're gonna be Rich!" and "To the Moon!". ...and then "you other guys" come with nothing except "you're all doomed", "Ken's a cheat" and "Unicorns and Rainbows" so w/e.
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JoTheKhan
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January 23, 2014, 06:24:18 PM |
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Yes I am talking about market supply running out because of high BTC and the resulting high demand. That is our best (only) bet for selling our 55nm chips realistically speaking. Now if we want to add fantasy and unicorns and stuff then hell we might have some rich idiot buy all our chips for 200% Mark up.
The desirability of any chip is not based on it's clock speed but on it's value on the MH/s/$ scale (with GH/W being important) You could bring out a 8nm ASIC but if it costs 500% more than a 28nm chip but only does 150% more hashing then no-one will buy it. Our 55nm just needs to be cheap, if they are they will sell. No unicorns need to be employed in this venture. Are they going to be cheap though? You have no idea. You guys make estimates on the most vague Ideas. Ken can come on here and ONLY say "Don't worry guys I have a plan" and you guys will be on here an hour later with strategic planning, estimates of ROI, share value, and an info graphic and some pie charts with the title "We're gonna be Rich!" and "To the Moon!". ...and then "you other guys" come with nothing except "you're all doomed", "Ken's a cheat" and "Unicorns and Rainbows" so w/e. Thankfully I fall in neither category. I'm a realist, I think this company will pay off for me but I'm not gonna cheer lead it all the way to the finish line. I'm going to scrutinize all the bullshit that hits this fan. You can ask anyone here, have I said "Fuck this company is gonna fail, omg were doomed."? Nope, check my entire post history.
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somestranger
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January 23, 2014, 06:29:46 PM |
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Thankfully I fall in neither category. I'm a realist, I think this company will pay off for me but I'm not gonna cheer lead it all the way to the finish line.
I agree that you are a realist, and one of the few who doesn't fill this thread with mindless drivel (either cheerleading or trolling).
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klondike_bar
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ASIC Wannabe
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January 23, 2014, 06:31:31 PM |
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I respect your opinion but look at it this way. If ACtM can mine 1% of the bitcoins mined in 2014 - in other words if we can take and hold 1.25% of the global hash by beginning April - then we will mine 13,140 coins in 2014. At current prices that is 13Mill dollars. But lets assume an average price of Bitcoin of 5k USD in 2014assumption (10k USD target is widely talked about now for 2014)nonsense - so we will generate 5,000x13,140=65.7Million USD LETS USE $1000 since thats what a bitcoin is actually worth nowSo Holding just 1.25% of global hash from April will make us 65.713.5 Mill USD in 2014. Lets round that down to 5010Mill in pure profit from mining. Add 408Mill USD profit from chip orders for our 28nm chip in 2014 Add 102 Mill profit from chip orders for our 55nm chip Add 255 Mill profit in miner sales for 2014. You have a yearly profit of 12525Mill USD.Now to repay 0.0025BTC per share (10Mill publicly held shares) you need about 25Mill USD in todays price. But taking into account price rise of BTC through the year by say begining Q3 we would have 0.0025 paid back in full at a cost of 50Mill USD.So the next 75Mill USD profit will be split between all shares (25Mill shares) giving a further div payout for the year of around 0.0006.So in total each publicly held share will recieve approx 0.0031BTC in divs in 2014.Now - a fair share price can be worked out when you know the expected total yearly divs. That's how professional investors value a stock. http://en.wikipedia.org/wiki/Dividend_yieldAll IMO. Let's have a heated debate? your opion includes several different BTC valuations. using today's rate, the math is MUCH different. and this still assumes that 1.25% of network hashrate is even a remote possibility.
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Bitdust
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January 23, 2014, 06:32:03 PM Last edit: January 23, 2014, 06:44:01 PM by Bitdust |
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...and then "you other guys" come with nothing except "you're all doomed", "Ken's a cheat" and "Unicorns and Rainbows" so w/e.
Some tried resorting to math and logic, but were faced with an audience incapable of understanding either. So they were left with pointing out what's universally understood and plentiful in Active Mining - lies and magical thinking.
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Mabsark
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January 23, 2014, 07:08:04 PM |
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What did Ken get from eASIC for the $1 million he gave them, which he got from selling shares? What's happened to the shareholders $1 million?
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JoTheKhan
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January 23, 2014, 07:11:05 PM |
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What did Ken get from eASIC for the $1 million he gave them, which he got from selling shares? What's happened to the shareholders $1 million?
That's probably still a part of a undergoing contract with eAsic. It's not like we dropped them cold turkey or vice versa right? They are working on our 28nm full custom chip right?
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Flashman
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January 23, 2014, 07:24:04 PM |
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and this still assumes that 1.25% of network hashrate is even a remote possibility.
My projections on that, seem to say we'll need 2 Petahash online By June and double it every 6 weeks from then, unless/until things calm down... which they won't if we hit $5000/BTC
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TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
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