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

[MilkyWayMasta]

Any opinions on Marc Andreessen's comments? http://bitcoinvox.com/index.php?view=article&article_id=82

"There is a big opportunity to apply custom silicon to mining," Andreessen said. "We're seeing a new wave of chip design around it, which is not something I would have predicted a year ago."

While mining operations can potentially be done on general-purpose chips, Andreessen stressed that Bitcoin mining is much more efficient on custom, specialized silicon.

"Mining is a very specific thing that you can highly parallelize," he said. "So I think that custom mining chips will dominate for quite a while."

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[MilkyWayMasta]

so… how's this little experiment/hobby coming along? …we hashing yet?

Not yet, supposedly in mid April/May.

He knows. He's trolling

Oh, didn't realize that 

[knybe]

I'm trolling? how long you been here chief?

EDIT: oh yeah. long enough for me to ignore you.

[damiano]

fingers crossed for may

hopefully we can get trading this week

[hak8or]

I am still fine with waiting for a distributed exchange for our shares, but only if that means that efforts used to getting us on a normal site are transferred to a distributed exchange, or Ken hiring someone to work on a distributed exchange.

[tslimx]

Any opinions on Marc Andreessen's comments? http://bitcoinvox.com/index.php?view=article&article_id=82

"There is a big opportunity to apply custom silicon to mining," Andreessen said. "We're seeing a new wave of chip design around it, which is not something I would have predicted a year ago."

While mining operations can potentially be done on general-purpose chips, Andreessen stressed that Bitcoin mining is much more efficient on custom, specialized silicon.

"Mining is a very specific thing that you can highly parallelize," he said. "So I think that custom mining chips will dominate for quite a while."

Thanks for that, less running around looking for info always helps.

[EskimoBob]

LOL
Let me ask this. How many shareholders ActM has?
100?
300?
500?
10000?

I am sure i's not 10000.  If he started requesting e-mail addresses manually a week ago, he had probably 90% of them by now and had spent a lot less time on manual processing than writing (how many lines have you written?) "automagical processing" script.
 
Someone, who visited ActM office,  told that you had some chicks hanging around the office, bored to death. Put them to work!
If they can read, they can match e-mail address to BTC account numbers.

...
@EskimoBob When I said  "to get the 55nm chip" it was not to go there a put a 55nm chip in my hand.  It was to negotiate a deal to buy the assets of a start up company.  You need to do that face to face.

OK, now I am really scared. What are those assets, we are buying from a start up company?

[nyc77]

fingers crossed for may

hopefully we can get trading this week

LOL

[Nosniw]

1,292,000 Gh/s will mine us 2.4mil usd cumulative return.
BUT if we sell them out, at cheapest market unit rate, say $3/Gh/s, it will be usd 3,876,000, of course only accept payment in bitcoin to lock the exchange rate risk.
If we sell them out at $6/Gh/s, which is the unit rate of 24Th/s monster, we will have usd 7,800,000 profit.
Of course  we can do both, mine btc at first then sell the miners.

[VinceSamios]

$1.03/gh cost to hash isn't bad at all....

[drawingthesun]

$1.03/gh cost to hash isn't bad at all....

Right now it's fine, but will it be fine in 4 months?

[RoadStress]

Profit Projections On Our 55nm Deployment

Total Hashrate now is ~2100Th and ken wants to deploy 1300Th in May that will consume a staggering 1700 MW? Now this is one hell of optimistic projection.

How will he get/cool 1700MW? How many chips are needed for 1300Th? And only 1.3 mil $ for more than 50% of current network? How come nobody else noticed these points?

[VinceSamios]

$1.03/gh cost to hash isn't bad at all....

Right now it's fine, but will it be fine in 4 months?

the next cheapest hardware manufacturer is currently retailing for $3/gh - in 4 months ASICMiner might be doing things a lot cheaper than $1/gh but they are the only player who can do it at the moment. 28nm prices per gh will be even cheaper.

[VinceSamios]

Profit Projections On Our 55nm Deployment

Total Hashrate now is ~2100Th and ken wants to deploy 1300Th in May that will consume a staggering 1700 MW? Now this is one hell of optimistic projection.

How will he get/cool 1700MW? How many chips are needed for 1300Th? And only 1.3 mil $ for more than 50% of current network? How come nobody else noticed these points?

Total hashrate now is 16PH/s - ken is looking to deploy 1.3PH/s and the total projected network hashrate at that time is 96PH/s

Also, ken only needs 1.7MW

Your maths sucks dude.

[mainline]

Profit Projections On Our 55nm Deployment

Total Hashrate now is ~2100Th and ken wants to deploy 1300Th in May that will consume a staggering 1700 MW? Now this is one hell of optimistic projection.

How will he get/cool 1700MW? How many chips are needed for 1300Th? And only 1.3 mil $ for more than 50% of current network? How come nobody else noticed these points?

Total hashrate now is 16PH/s...Your maths sucks dude.

Speed (PH/s)   21.81  (http://mining.thegenesisblock.com/)

[PurpleTentacle]

Profit Projections On Our 55nm Deployment

...
How will he get/cool 1700MW? How many chips are needed for 1300Th? And only 1.3 mil $ for more than 50% of current network? How come nobody else noticed these points?

Ken stated that the chips are rated at 1,9 GH/s and that the estimated yield per wafer is 6,800 chips.

If he wants to deploy 1,292,000 GH/s, then he needs (/1,9 GH/s) 680,000 chips or 100 wafers.

Cost per chip is $1,338,000 (total) / 680,000 chips = $1.97

Edit: Also, at 2.5W/Chip the total power consumption is 680,000 * 2.5W = 1,700,000W or 1.7MW

RoadStress, your math does indeed suck.

[Elokane]

Ken, are you looking into XCP? A distributed exchange that has already released command-line implementation and uses proof-of-burn to create the initial alt.

http://www.reddit.com/r/Bitcoin/comments/1wtz2b/2124_btc_destroyed_in_proofofburn/

Yeah, that's a pretty sweet system. Worth looking into as it ALREADY WORKS!

[zefyr0s]

Ken, are you looking into XCP? A distributed exchange that has already released command-line implementation and uses proof-of-burn to create the initial alt.

http://www.reddit.com/r/Bitcoin/comments/1wtz2b/2124_btc_destroyed_in_proofofburn/

Yeah, that's a pretty sweet system. Worth looking into as it ALREADY WORKS!

Yeah, I thought so at least. There's already a bunch of assets listed on there.

[wasubii]

I'm trolling? how long you been here chief?

EDIT: oh yeah. long enough for me to ignore you.

So you come on here and post 'Are we hashing yet?' like it wouldn't take you all of 3 minutes to read the latest posts. Clearly you are trolling for a response. That or you are just stupid, but i hadn't pegged you as stupid before now.

But either way - you are both pathetic and immature.

'Ugh, not only am i going to put you on ignore, but I'm going to actually tell you that you are now ignored. I'm so awesome that this will be upsetting news to you, and you will be so very sorry'

Kindly fuck off and grow some pubes you ignorant little prick - i contribute far more to the rational debate on this thread than you ever have.

[breadcrumbs]

A) Well now, we have more children on here fighting.

B) "You're a troll. No you are. I have been here longer. You are the troll. How old are you? No you are."

C) Let's all continue to count eggs before they are laid, and then count the chickens which will hatch from those eggs which have not yet been laid.

D) The only things which are important are a) restarting trading; b) producing functioning hardware which mines at a profit.

E) Everything other than (D) is not important, since the primary goal of Active Mining should be to make money for its shareholders, and not just its executives.

F) Arguing, infighting, general stupidity should not be a surprise or shock to anyone who has been around Internet forums for any subject or interest.

G) Only one person can answer all the questions about eggs and chickens. We once again, begin a week waiting for that Wednesday announcement.

H) Last week, we were promised that trading would begin this week, or at least, that verification would begin.

I) Verification has not yet begun.

J) VE / Mainline or whatever name he is using now, may be angry, bitter, and a bit of a jerk, but his essential underlying questions are valid, that is, What is Active Mining doing? What has it been doing? and When will it do what it is supposed to be doing?

K) All the speculation for the last few days on here is merely the counting the chickens before the eggs are even laid.

L) The CEO of Active Mining required us to send screen shots of each of our tender of shares.

M) BF provided a list of bitcoin addresses which can be used to sign a message.

N) Technically, all that should be required to verify shares is for an interface to ask for a signed message.

O) The interface could, theoretically, 1) ask the shareholder for their bitcoin address, and then 2) ask the shareholder to sign a message. 3) Once the signed message is verified, 4) it would then send a link to the email address on record (which BF should have provided) and send a link to create a password.

P) It really should be THAT simple. The ELigius mining pool does not use passwords. It uses a signed bitcoin message as a means of identifying a user.

Q) It really needs to be done soon. It, being verification of shares and renewed trading.