[ActiveMining] Official Shareholder Discussion Thread [Moderated]

[lammedraak]

So that's pre-orders shipping and 100 INSTOCK modules (totalling 51.2 TH) ready for IMMEDIATE DELIVERY folks!  

only a few left in stock,  95 modules sold in a couple of hours!

[knybe]

I'm not touching this kool-aid stew until I see photos and receive shares/dividends.

Until these are furnished, I still consider this "investment" null and void.

[shaofis]

Ken,

Can you comment on if this product includes IntelliHash? Is IntelliHash a thing?

And how about some explanation of this...

Cooling System: Corsair 80i or equivalent liquid cooling system is required (not included)

So no cooling is included with your solution?

And...

Built in thermal controls that allow the chip optimization without damage to processor.
Warranty:  Quality Controlled Pre-shipping tested against DOA. Experimental No Warranty

Oh and...is it a PCI card or just using PCIe power connectors?

·Typical Power Requirements:  Standard PCIe dual 6pin to 12 volts of DC power
 @ .70 Watt per GH +/- 20% (power supply not included)

For those counting... that's 358W +- 20%

Mining Host Connectivity:  USB 2.0

Shao

[kleeck]

Another question: You state these modules achiev 512gh/s but many of us saw the dev/test board hit over 600gh/s. Were those results due to overclocking?

[VinceSamios]

Another question: You state these modules achiev 512gh/s but many of us saw the dev/test board hit over 600gh/s. Were those results due to overclocking?

Looking at the stats I wouldn't say it ever really hit 600GH - eligius graphs show quite a bit of variance.

[kleeck]

Another question: You state these modules achiev 512gh/s but many of us saw the dev/test board hit over 600gh/s. Were those results due to overclocking?

Looking at the stats I wouldn't say it ever really hit 600GH - eligius graphs show quite a bit of variance.

I must be losing it... I swear I saw it hit and hold at ~627Gh/s for quite some time... The chart disagrees.

[zumzero]

I wonder if there's a typo where it states;

·Ultimate Bitcoin Mining Performance: up to 512 GH/s
·Typical Bitcoin Mining Performance:  512 GH/s +/- 20%

Now if the Ultimate Bitcoin Mining Performance were a typo and it should read 612 GH/s, then the 20% overclock would take 512  very close to 612.

Does this make sense?




Oh,   ...and we're sold out.   

EDIT:  Looks like you can't underestimate the power of having IN STOCK miners as your USP.  Nice one Ken.

[equipoise]

Another question: You state these modules achiev 512gh/s but many of us saw the dev/test board hit over 600gh/s. Were those results due to overclocking?

Looking at the stats I wouldn't say it ever really hit 600GH - eligius graphs show quite a bit of variance.

I must be losing it... I swear I saw it hit and hold at ~627Gh/s for quite some time... The chart disagrees.

Based on my observations this never happened. Is it possible you saw it in your dreams?

[Flashman]

Wow, much impressed, so miner, many product, wow.  

Nice one Ken..

However, can we market the crap out of this to the Europeans, plzkthx?

At typical North American electricity rates it costs ~$500 less a year to run than 3x U1 antminers, but at typical European rates, it will cost them ~$2000 less, so hella good value for our European friends.

1 year TCO 3x U1 antminers, approx $1600 hardware + $4000 electricity = $5600

1 year TCO Fast-Hash prospector, $2999 hardware + $2000 electricity approx = $4999

[VinceSamios]

$300k sales in a day...

need more chips...

[MrTeal]

How are you supposed to attach the cables with that plate in the way?

Still, I like the waterjetted plate. Does every board come with one?

[sparky999]

$300k sales in a day...

need more chips...

While that is great, if we don't have any more products to sell for a month or so then the price was way too low. Much better to sell at $4000 a board and taker a month to sell them than be out of stock for 3 weeks and 6 days of every month.

[Ozymandias2]

Well, this is certainly exciting! Products on the shelf and subsequently off the shelf within about a day, financial report coming within 3 days, progress being made on the colored coin front (though this is more of a hands off thing for ActM at the moment).

Is it too early to start feeling optimistic again?

EDIT: 0.7w/gh is that at the chip or wall? If it's at the chip, then that's pretty good, around middle of the pack. If it's at the wall, that's one of the more if not most efficient chips on the market (that I'm aware of).

[klondike_bar]

Congratulations Ken!  We never doubted you!     This picture will do me just fine..

If it wasn't for work, I'd be having me a champagne breakfast!!!  Yeee-hah!

Im confused for a number of reasons:
1) Is it to be cooled exclusinvely by a (large, not-included) liquid cooling solution like the $150 H80i? or are there multiple fans added or required in addition
2) the photo shows nothing. obviously not a heatsink, maybe a fancy metal base that will be the facedown the entire time its in operation
3) no chip details. its clear that a custom 28nm chip is not ready, but no information was given about the chip in this unit
4) you can get 1TH/1KW devices for not much more than this 512GH/400W device that requires a host computer
5) Warranty:  Quality Controlled Pre-shipping tested against DOA. Experimental No Warranty
6) look at the photo. whatever that copper/brass thing is, it either is backed directly by a solid black panel, or defies physics (hint: look at letters like 'o' and 'a'). It is obviously a render and not a photograph. Its a nice photoshop/CAD model though

If its true this is a massive step forwards. but right now there is no real information or photos about the board, chip, and other components used. It is in-stock vaporware compared to pre-order vaporware, so im watching closely for the first customer to actually receive one AND take photos of it

[JoTheKhan]

Congratulations Ken!  We I never doubted you!      This picture will do me just fine..

If it wasn't for work, I'd be having me a champagne breakfast!!!  Yeee-hah!

Quite a few of us have doubted Ken, I think Zum you might be the only one who hasn't. If this company actually succeeds I'm a have to through a tip your way. You might be the only person I've ever met whose Optimism is next level. Reminds me of The Great Gatsby.

Anyways. Are these chips that he's selling online a part of the 100TH that we were supposed to bring online?

[Flashman]

EDIT: 0.7w/gh is that at the chip or wall? If it's at the chip, then that's pretty good, around middle of the pack. If it's at the wall, that's one of the more if not most efficient chips on the market (that I'm aware of).

I read it as being 0.7w/gh at the 12V input, which means probably about 0.5 at the chip and 0.9 at the wall depending on how efficient a PSU you buy.

[sparky999]

If I had to guess I would say Ken has a monthly ongoing order for 150Th, 2/3rd of which will go to our mine and 1/3rd of which will be sold in these 'prospector' units.

[Ozymandias2]

EDIT: 0.7w/gh is that at the chip or wall? If it's at the chip, then that's pretty good, around middle of the pack. If it's at the wall, that's one of the more if not most efficient chips on the market (that I'm aware of).

I read it as being 0.7w/gh at the 12V input, which means probably about 0.5 at the chip and 0.9 at the wall depending on how efficient a PSU you buy.

Interesting. It's a near certainty that these are not our own chips but I'm racking my brain trying to figure out whose they can be. It's not coincraft as those chips are much less powerful and slightly less efficient, it's not BFL since their chips don't exist yet as far as I know and even if they did they'd be about half as powerful last I heard (600gh/s requiring 2 chips; though too be fair I haven't been following BFL for a while), it's not Blackarrow since their chips don't exist, I don't recall Cointerra selling chips so it's probably not them, Avalon, Asicminer, Antminer, and Bitfury don't have 28nm chips, which leaves us with Hashfast who have been confirmed to have an abundance of chips and whose stats sound quite close to ActM's offerings:

Power Consumption at the chip: 0.65 Watt per Gigahash /sec +/- 20%
Hashing Output: Up to 800 GH/s (overclocked)
Hashing Output: 400 GH/s (nominal)

and if we look at the EVO boards:

Typical Bitcoin Mining Performance:  675 GH/s +/- 20%
Size:  4.5″ wide by 12″ long

The price per chip has not been put on their website but if ActM is buying 100TH/s per month at the nominal rate of 400gh/s that would be 250 chips per month.

Does all of the above sound about right?

EDIT: 150 TH/s per month would be 375 chips per month

[kleeck]

EDIT: 0.7w/gh is that at the chip or wall? If it's at the chip, then that's pretty good, around middle of the pack. If it's at the wall, that's one of the more if not most efficient chips on the market (that I'm aware of).

I read it as being 0.7w/gh at the 12V input, which means probably about 0.5 at the chip and 0.9 at the wall depending on how efficient a PSU you buy.

Interesting. It's a near certainty that these are not our own chips but I'm racking my brain trying to figure out whose they can be. It's not coincraft as those chips are much less powerful and slightly less efficient, it's not BFL since their chips don't exist yet as far as I know and even if they did they'd be about half as powerful last I heard (600gh/s requiring 2 chips; though too be fair I haven't been following BFL for a while), it's not Blackarrow since their chips don't exist, I don't recall Cointerra selling chips so it's probably not them, Avalon, Asicminer, Antminer, and Bitfury don't have 28nm chips, which leaves us with Hashfast who have been confirmed to have an abundance of chips and whose stats sound quite close to ActM's offerings:

Power Consumption at the chip: 0.65 Watt per Gigahash /sec +/- 20%
Hashing Output: Up to 800 GH/s (overclocked)
Hashing Output: 400 GH/s (nominal)

and if we look at the EVO boards:

Typical Bitcoin Mining Performance:  675 GH/s +/- 20%
Size:  4.5″ wide by 12″ long

The price per chip has not been put on their website but if ActM is buying 100TH/s per month at the nominal rate of 400gh/s that would be 250 chips per month.

Does all of the above sound about right?

EDIT: 150 TH/s per month would be 375 chips per month

This is from the site under "Processor Highlights": "Proprietary 28nm ASIC" - Does this not imply that VMC owns the chip design?

[Ozymandias2]

This is from the site under "Processor Highlights": "Proprietary 28nm ASIC" - Does this not imply that VMC owns the chip design?

Under normal circumstances, I would say yes, however (and with all due respect to Ken), I'm trying to minimize my assumptions based on the history of vague wording from ActM. I am not a lawyer, but could the term "proprietary" be used for something that is licensed (even if it would be a stretch)?

EDIT: according to several dictionaries, no, proprietary cannot mean licensed, "one that possesses, owns, or holds exclusive right to something" from Merriam-Webster for instance. It's still hard for me to believe though that ActM has either developed their own 28nm in Q1 where it was originally (not originally originally, but lately originally) scheduled for Q3 or that they bought exclusive rights to an already designed-but-not-marketed  28nm chip.

The question could be relatively easily answered as soon as the first of these is delivered and the chip is seen and hopefully taken a picture of.