VMC Fast Hash Price Drop = 64GH/s for $1K in November

[RoadStress]

Once these Fast Hash machines are as old as Radeon 6770's, we'll start comparing power efficiencies with competitors.

Fact is, electricity costs don't matter until you're struggling to crank out a few satoshis with those video cards of yours.  By this time you have already made your money, and you can toss it out.

I'll say this again, we don't even know exact GH/W at this point, but we're dealing with eASIC here.  They are a LEADING semiconductor company so why wouldn't they make their efficiency competitive?  

I'm very amazed that "american marketing" still works...

[1715111271]

1715111271

[markm]

Well I guess come the 20th to 25th or so of december I'll check back to see if same day shipping is available yet and if so consider ordering.

-MarkM-

[miter_myles]

Well I guess come the 20th to 25th or so of december I'll check back to see if same day shipping is available yet and if so consider ordering.

-MarkM-

Wise decision.. these VMC pre-order pump clowns are amusing..

If any company had a highly profitable Bitcoin miner on hand, they would never sell it to you.  Your best bet is a preorder because your funds are going directly to the actual manufacturing of the hardware, which belongs to you as soon as its put together.  There is a much larger markup when a company has to invest their own money for inventory.  In this case however, you have directly fueled your own production for the maximum profit potential.

This guy is a riot.. 

[markm]

Yeah he basically seems to be saying the company is not actually in the mining-hardware business, they are just selling a few small pieces of their private farm at exorbitant prices to get their farm R&D and NRE paid then will be yet another private farm driving us all out of business with a farm we (aka a bunch of suckers) paid the R&D/NRE for.

-MarkM-

[WikileaksDude]

Well I guess come the 20th to 25th or so of december I'll check back to see if same day shipping is available yet and if so consider ordering.

-MarkM-

Consider it a christmas present lol

Yeah he basically seems to be saying the company is not actually in the mining-hardware business, they are just selling a few small pieces of their private farm at exorbitant prices to get their farm R&D and NRE paid then will be yet another private farm driving us all out of business with a farm we (aka a bunch of suckers) paid the R&D/NRE for.

-MarkM-

NRE is already paid. ~1m $ . but its already paid.

VMC sells mining equipment
ActM mines bitcoins

2 different things.

[wrenchmonkey]

Come see me when you have a product to ship. 

[markm]

If the up front costs are already paid why the pre-orders then?

The guy was saying earlier that no company is ever going to sell mining rigs for any less than the amount of coins they will ever mine, because it makes no sense to sell the rigs instead of mining with them.

So basically parting with any rigs is just a side-scam to help defray the cost of the company's private mining centres. Which, considering they could host their miners in places with $0.02 per KWH electricity, also means it makes no sense to sell them if mining with them at $0.02 per KWH power would rake in more money.

In short they are saying it makes no sense to be in the mining hardware business, the only business that makes sense is the actual mining business, and that only if you design and have-foundried your own chips.

I guess the big problem bitcoin mining has compared to gold etc mining is the lack of a stake. If miners needed a stake - a place to actually mine, kind of thing - then it could make sense to be in the mining hardware business because you could be in that busienss without having to own any actual gold-mines like the actual miners - of gold etc - have to do.

So maybe a new kind of stake-based mining would be a good innovation for a coin: one where to do mining at all you have to have a stake, so that hardware-only companies will no longer consider merely supplying hardware to "not make sense" compared to actually mining.

-MarkM-

[creativex]

I can see your hardware is pretty ancient...<snip>

ROFL

Whatever shred of credibility you had left just went buh bye. ActM is hashing with Avalons DOOFUS. They're doing so because their own vaporware won't be around for months.

I think we're done here...keep your overpriced inefficient vaporware.

[VolanicEruptor]

I can see your hardware is pretty ancient...<snip>

ROFL

Whatever shred of credibility you had left just went buh bye. ActM is hashing with Avalons DOOFUS. They're doing so because their own vaporware won't be around for months.

I think we're done here...keep your overpriced inefficient vaporware.

Overpriced at $6/GH?? Are you nuts?  You're just trolling, which is very unprofessional since you're supposed to represent your company.  Where's your manners?  You are still mining with video cards and BFL singles, not just avalons.. so I can see why you're complaining about power efficiency. 

[creativex]

I can see your hardware is pretty ancient...<snip>

ROFL

Whatever shred of credibility you had left just went buh bye. ActM is hashing with Avalons DOOFUS. They're doing so because their own vaporware won't be around for months.

I think we're done here...keep your overpriced inefficient vaporware.

You are still mining with video cards and BFL singles, not just avalons.. so I can see why you're complaining about power efficiency.

Presumably you've heard of scrypt by now? ...you are aware that single sc's are more efficient than ActM's fleet of (6)Avalons correct?

You're completely out of your element here aren't you VE?

[iCEBREAKER]

If the up front costs are already paid why the pre-orders then?

The guy was saying earlier that no company is ever going to sell mining rigs for any less than the amount of coins they will ever mine, because it makes no sense to sell the rigs instead of mining with them.

So basically parting with any rigs is just a side-scam to help defray the cost of the company's private mining centres. Which, considering they could host their miners in places with $0.02 per KWH electricity, also means it makes no sense to sell them if mining with them at $0.02 per KWH power would rake in more money.

In short they are saying it makes no sense to be in the mining hardware business, the only business that makes sense is the actual mining business, and that only if you design and have-foundried your own chips.

I guess the big problem bitcoin mining has compared to gold etc mining is the lack of a stake. If miners needed a stake - a place to actually mine, kind of thing - then it could make sense to be in the mining hardware business because you could be in that busienss without having to own any actual gold-mines like the actual miners - of gold etc - have to do.

So maybe a new kind of stake-based mining would be a good innovation for a coin: one where to do mining at all you have to have a stake, so that hardware-only companies will no longer consider merely supplying hardware to "not make sense" compared to actually mining.

-MarkM-

   Nice catch realizing energy costs will dominate BTC mining, as they do in gold, once we reach tech equilibrium.

Another astute observation is asking 'why the pre-orders if NRE is paid?'

It takes a metric shit-ton of PCB to house the bazillion slow-ass chips ACTM made, and that's so expensive it makes NRE look cheap.

ACTM may soon sell more shares to cover the $2-$3 million expense of assembling/testing/deploying hundreds of thousands of chips onto tens of thousands of boards.

I expect this to happen because the paltry pre-orders don't even come close to enough.

[gorgorom]

So when are these due? I want to pre-order but don'tr want to wait forever...

[Unacceptable]

So when are these due? I want to pre-order but don'tr want to wait forever...

Uh.........it is December,right

"Limited Availability on these units (Shipping Starts November 2013)"

"ESTIMATED DELIVERY DATE WILL BE DISPLAYED UPON CHECKOUT"

Nevermind,found this:

"Availability date: 2013-12-31 "  

Having not seen any "News",not sure what to think

[almwaysa]

My order is dated at 24-7-2013
Still there are no news of shipping.
My friend ordered from KNC and he already at 200% profits

[auto2nr1]

My order is dated at 24-7-2013
Still there are no news of shipping.
My friend ordered from KNC and he already at 200% profits

What is your Order# and have you contacted VMC in regards to a shipping date? Please contact them and see where you are in the order queue. Thanks.