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

[minerpart]

if you are going to state these as facts then I ask for you to provide proof to back up your statements of:
...................................

If you provide me proof that this statement from KnC is true I will do my best to prove the above info (which has been stated publicly by ACtM) is true:

'Kennemar & Cole is a combination of Andreas Kennemar and Sam Cole. Together having more than 25 years of expertise and global experience of bringing services and products to market.'
https://www.kncminer.com/pages/aboutus

And I want proof for both parties.

[JoTheKhan]

if you are going to state these as facts then I ask for you to provide proof to back up your statements of:
...................................

If you provide me proof that this statement from KnC is true I will do my best to prove the above info (which has been stated publicly by ACtM) is true:

'Kennemar & Cole is a combination of Andreas Kennemar and Sam Cole. Together having more than 25 years of expertise and global experience of bringing services and products to market.'
https://www.kncminer.com/pages/aboutus

And I want proof for both parties.

Miner; KnC have created a product, and shipped said product. Ken has not yet.

[minerpart]

Miner; KnC have created a product, and shipped said product. Ken has not yet.

No the point is about getting proof about statements or claims made about peoples background and experience. Nothing to do with what KnC do today, but what they claimed to be doing 25 years ago (combined).

[SebastianJu]

there is no power in the USA that is 1.7 cents.   When you buy a lot of power there are capacity charges, transmission charges and energy charges (there is other bs too but this is the bulk of it).   Capacity charges are based on the MOST electricity you used in the last 12-18 months (depending on your area) and it pays for the capital equipment of the power generator (hydro/nuclear have high capacity charges and low energy charges but it is a blend of all the plants that make up the power in that region), transmission is based on the utilities capital cost and is slightly lower when you take 460, energy is simply the variable cost of the electricity.
Most people are quoting the energy cost when they are throwing out these power numbers.   That is like saying the cost of driving your cab is only the gas you put in.

https://bitcointalk.org/index.php?topic=186559.0

2 Cents but pretty near.

[mainline]

there is no power in the USA that is 1.7 cents.   When you buy a lot of power there are capacity charges, transmission charges and energy charges (there is other bs too but this is the bulk of it).   Capacity charges are based on the MOST electricity you used in the last 12-18 months (depending on your area) and it pays for the capital equipment of the power generator (hydro/nuclear have high capacity charges and low energy charges but it is a blend of all the plants that make up the power in that region), transmission is based on the utilities capital cost and is slightly lower when you take 460, energy is simply the variable cost of the electricity.
Most people are quoting the energy cost when they are throwing out these power numbers.   That is like saying the cost of driving your cab is only the gas you put in.

https://bitcointalk.org/index.php?topic=186559.0

2 Cents but pretty near.

if you go to their pricing page, they seem to be charging $0.2669 ("CURRENT PRICING:  $0.085* per BTU [British Thermal Unit]   (Watts * 3.41 = BTU)).
I could be reading it wrong, here's the link: http://www.loopadoop.info/index.php?q=aHR0cDovL2JpdGNvaW5hc2ljaG9zdGluZy5jb20vcHJpY2luZy8%3D

Sure, they're including all of the services in that price, but they're charging by the watt nevertheless, meaning that if your rig eats double the electricity, it will be twice as expencive to host.
That makes the $.02 energy cost a sales gimmick - both unverifiable and irrelevant when *you're* actually paying ~$.27.

As an example, i can rent you a house and tell you that it's a great deal because my monthly costs are only $10, but then charge you $7,000 nevertheless.

[SebastianJu]

there is no power in the USA that is 1.7 cents.   When you buy a lot of power there are capacity charges, transmission charges and energy charges (there is other bs too but this is the bulk of it).   Capacity charges are based on the MOST electricity you used in the last 12-18 months (depending on your area) and it pays for the capital equipment of the power generator (hydro/nuclear have high capacity charges and low energy charges but it is a blend of all the plants that make up the power in that region), transmission is based on the utilities capital cost and is slightly lower when you take 460, energy is simply the variable cost of the electricity.
Most people are quoting the energy cost when they are throwing out these power numbers.   That is like saying the cost of driving your cab is only the gas you put in.

https://bitcointalk.org/index.php?topic=186559.0

2 Cents but pretty near.

if you go to their pricing page, they seem to be charging $0.2669 ("CURRENT PRICING:  $0.085* per BTU [British Thermal Unit]   (Watts * 3.41 = BTU)).
I could be reading it wrong, here's the link: http://www.loopadoop.info/index.php?q=aHR0cDovL2JpdGNvaW5hc2ljaG9zdGluZy5jb20vcHJpY2luZy8%3D

Sure, they're including all of the services in that price, but they're charging by the watt nevertheless, meaning that if your rig eats double the electricity, it will be twice as expencive to host.
That makes the $.02 energy cost a sales gimmick - both unverifiable and irrelevant when *you're* actually paying ~$.27.

As an example, i can rent you a house and tell you that it's a great deal because my monthly costs are only $10, but then charge you $7,000 nevertheless.

The prices you mention are from the hoster isnt it? So dalkore made it. But i believe there is a community or so with power from water plants near Denver? and thats where Dalkore is having his hosting service. As far as i understood dalkore the power costs in that area are really that low. Though i dont know for sure. Someone posted the link in one of dalkores 2 advertising threads where this community is if youre interested.

[PurpleTentacle]

Total Hashrate Forecast Q1, Q2 2014

[mainline]

@SebastianJu:
Yeah, you could be right, and I don't know either.  The closest I got to electricity price shopping was opening ConEd bills
All I'm saying is people tend to grab good looking numbers and run with them as if they were facts, while the reality could be quite different.  The .02 could be available every other Wednesday when the moon is full.  The hosted customers have no cause to question it or complain because they never see the bill - they are paying $0.2669 regardless.

Sorry pull this off on a tangent - there are much heavier-weighted variables than electricity cost for ASIC mining right now.  The difficulty growth rate is going to escalate over the next few month - a bunch of big players are just starting to ship.  Discussing electricity costs with no silicon to use that electricity, no power consumption data that could be taken seriously (Ken's claim that he'll be using the same boards for his 55 and 28nm chips show that he's either clueless or lying, making the rest of the stats meaningless).

[Ozymandias]

Seems like everyone is having delays.

[finlof]

Miner; KnC have created a product, and shipped said product. Ken has not yet.

No the point is about getting proof about statements or claims made about peoples background and experience. Nothing to do with what KnC do today, but what they claimed to be doing 25 years ago (combined).

impossible to have a logical discussion with someone that just wants to argue and derail the discussion by focusing on stuff that has nothing to do with this company.  i would suggest that everyone put minerpart on ignore.  he is waaay more dangerous than crumbs/mainline/ve/etal.

[minerpart]

impossible to have a logical discussion with someone that just wants to argue and derail the discussion by focusing on stuff that has nothing to do with this company.

Just making a point about providing proof. I don't have Ken's certificates. You should have been asking these questions about his credentials 6months ago before you invested, it's a bit late now to be asking for this evidence - least of all from a fellow investor. I'm taking Ken at face value, that's what's called investor confidence. I also realise as an open and exposed individual who has involved his close family in this company that he has a lot to lose from outright lieing to shareholders.

[drawingthesun]

Are we trading yet?

[JoTheKhan]

Are we trading yet?

[zumzero]

Total Hashrate Forecast Q1, Q2 2014

Excellent link, thanks.

Are we trading yet?

Hell yeah!  I just bought up all your shares mofo, at a bargain basement price of 0.0009 no less.

[MilkyLep]

Ken whats the update about share verification? How long do you expect it will take to have everyone's shares verified and listed on Crypto-Trade? Has the back-end of the claim site (or however you're doing this) been finished?

[kslaughter]

Update on trading and wafers:

It is going to be a few more days before, I can get the verifying program uploaded to the server.

I have been busy getting on the February UMC production run for our 55nm chip.

We are going to get 6 Wafer in the middle of April with about 1 week to package the chips.  Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of  77.52 TH/s.  Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s.  In May we will be able to get all of the wafers we want to run.

[kslaughter]

Ken whats the update about share verification? How long do you expect it will take to have everyone's shares verified and listed on Crypto-Trade? Has the back-end of the claim site (or however you're doing this) been finished?

Yes, I just have to set it up on the server.

[JoTheKhan]

@ Ken what is the procedure for the share verification. Can you tell us ahead of time incase any of us need to get old paperwork, dig out old wallets ahead of time?

[zumzero]

Thanks Ken.  Looks like it will be a busy year for ActM.  Full steam ahead! 

[kslaughter]

@ Ken what is the procedure for the share verification. Can you tell us ahead of time incase any of us need to get old paperwork, dig out old wallets ahead of time?

Sure, you will need the email address you want to use on CT, if you have an account already the shares will just be added to that account, if you don't then an account on that email will be created and the shares added to that account.  Next you will need the date and time of your transfer to AMC-TENDER and the Number of shares tendered.  To be verified the data must match our transfer records from bitfunder.