[ActiveMining] Official Shareholder Discussion Thread [Moderated]

[klondike_bar]

With the discount code for one card and using bitcoinx profitability calculator I work out that break-even would be around 2 months and after 5 months you would have doubled your money (BTC).

4BTC today for 8BTC in 5months? Sounds like a decent buy for an in stock miner.

Any info on shipping to the UK Ken? You doing international shipping on these cards?

where are you doing your calculations?  http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=5006860589&dcosts=1650&diff_mincrease=15&blpbtc=25&dhsmhs=512000&diff_mincreasedecrease=0.7&btcusd=480&dpowcon=500&btcusd_mincrease=0&pcost=0.15&calcweeks=25&dleadtime=0&action=calc

considering BTC=$480, plus the cost of PSU, shipping, a H80i cooling system, and a computer or RPi to control it, you have a total cost of about $1700-1800 or ~3.4BTC
A year of mining with fair difficulty jumps would only ever net you about 4.8-5.0 BTC, of which 1.5BTC (at current prices) is needed to cover power costs

still waiting to see ken demo more than 1.4TH of equipment though - wasn't 100TH supposed to deploy right about now?

[1685461185]

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[1685461185]

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[Ozymandias2]

still waiting to see ken demo more than 1.4TH of equipment though - wasn't 100TH supposed to deploy right about now?

Yes pending the downstepping of the power in the datacenter from 480V to 240V

[kslaughter]

still waiting to see ken demo more than 1.4TH of equipment though - wasn't 100TH supposed to deploy right about now?

Yes pending the downstepping of the power in the datacenter from 480V to 240V

Electricians are working on it now.  Hope to be up and running on Friday.

[damiano]

Man I gotto say im fucking excited now

[minerpart]

A year of mining with fair difficulty jumps would only ever net you about 4.8-5.0 BTC, of which 1.5BTC (at current prices) is needed to cover power costs

You could be right, I'm not a miner and the calculator (bitcoinx) might not include enough difficulty increase. I suppose economies of scale come into it. If you invested 50BTC today and ended up with 65BTC after expenses in 12months you have made 15BTC. IF BTC is only $400 in 12 months you might be break-even in dollar terms. If BTC is 3k in 12months.....you have made a cool $45k.

And so it goes on, if BTC is $10k in 5 years you will have made $150k profit from the 10 cards that you had in the corner of your back-room in 2014-2015.  

[tempestb]

Or you could just buy Bitcoins and not mine and make that same amount of money when the price of the coins increase.

[MilkyWayMasta]

Man I gotto say im fucking excited now

Where do you see the price headed? I'm very excited as well. I hope to see it blast past the ATH from BitFunder which was 0.0075 per share.

[emkay47]

Ken , Please arrange Fast Hash one boards for already pre-ordered costumers .
I've been waiting since November , and I have not yet received it .
But , if i order today , you will ship the immediately ?
I don't think that's fair ken .

I have never ever asked for a refund . I just want my miners now . please..

[minerpart]

Or you could just buy Bitcoins and not mine and make that same amount of money when the price of the coins increase.

No, if you mine the idea is you get xBTC more back than you payed out. So you might pay 20BTC for equipment which will mine you 25BTC within 8-12months.

If BTC stays flat you make 25% on your money, if it goes up you make x multiplied by the new higher value so the more BTC goes up the higher your profit margin over just holding.

So:

If 20BTC = 10k if you hold and BTC stays level after a year you still have have $10k
If you mine and BTC stays the same then in a year you have + 25% which is $12.5k so 2.5k 'profit'

If you hold and BTC goes up 200% (to 1.5k) then you will have 20x1500 = $30k so $20k 'profit'
If you mine and BTC goes up 200% (to 1.5k) then you will have 25x1500  = $37500 so $27.5k 'profit'

[kslaughter]

Ken , Please arrange Fast Hash one boards for already pre-ordered costumers .
I've been waiting since November , and I have not yet received it .
But , if i order today , you will ship the immediately ?
I don't think that's fair ken .

I have never ever asked for a refund . I just want my miners now . please..

Yes, we have a reserved a number of boards for our Pre-Order customers.  We will ship those out this week.  We will be offering all our pre-order customers a 20% discount off of our $1,999 price which is $1,599.  Pre-Order customer can use their previous order payment and apply it to the Prospector boards.

[minerpart]

Where do you see the price headed? I'm very excited as well. I hope to see it blast past the ATH from BitFunder which was 0.0075 per share.

Early days yet but never forget shares = divs. We could still be a big player (and a big player is just 1% and above in this multi-Billion dollar market) in 5 years time and 5 years of regular divs from company profits will be worth a lot more than you will be able to sell your shares for in year 1.

But I agree the ATH was just speculation, if this solid news continues the ATH will likely be a new floor and we will trade above it. 0.007 on the 10Mill public shares only values the company at 30Mill USD. If we get a good reputation for selling in-stock equipment we can sell that value of gear in just a few months based on our previous sales figures.



btw if you are REALLY excited check out the Hangout thread and post up a few vids or whatever.

[jimmothy]

Why would anyone keep a preorder for vmc brand asic instead of a hashfast?

Hashfast boards are now going for ~$3/gh

Vmc platinum miner is more than $10/gh

[emkay47]

Ken , Please arrange Fast Hash one boards for already pre-ordered costumers .
I've been waiting since November , and I have not yet received it .
But , if i order today , you will ship the immediately ?
I don't think that's fair ken .

I have never ever asked for a refund . I just want my miners now . please..

Yes, we have a reserved a number of boards for our Pre-Order customers.  We will ship those out this week.  We will be offering all our pre-order customers a 20% discount off of our $1,999 price which is $1,599.  Pre-Order customer can use their previous order payment and apply it to the Prospector boards.

WOW...Ken that a great news for me .
I am just placing an order for 6 H80i's and seasonics .

I am really glad things are happening now for real .
You just made my day ken .

Thanks.

[Komodorpudel]

Ken; the message system from the shop still does not work!
When someone adds a message to an order; after a short time they still get an reply to theire email address:

"
This message was created automatically by mail delivery software.

A message that you sent could not be delivered to one or more of its
recipients. This is a permanent error. The following address(es) failed:

  cs@virtualminingcorp.com
    No Such User Here
"

[emkay47]

Why would anyone keep a preorder for vmc brand asic instead of a hashfast?

Hashfast boards are now going for ~$3/gh

Vmc platinum miner is more than $10/gh

Because , I ordered from HashFast and Ken at the same time (November) , i am batch 3&4 on HashFast , And i will not be receiving anything before May . And from Ken , i will be mining this week , with 250% of power i ordered .

So , im glad i din't cancel or refunded my order .

[jimmothy]

Why would anyone keep a preorder for vmc brand asic instead of a hashfast?

Hashfast boards are now going for ~$3/gh

Vmc platinum miner is more than $10/gh

Because , I ordered from HashFast and Ken at the same time (November) , i am batch 3&4 on HashFast , And i will not be receiving anything before May . And from Ken , i will be mining this week , with 250% of power i ordered .

So , im glad i din't cancel or refunded my order .

I understand it would be a much better deal to go with the hashfast boards shipping now.

I am just wondering if there is any incentive to stick with the vmc asic instead.

As of now it seems like they are equal in power/efficiency only the vmc machine is 4 times more expensive and shipping in a few months.

[emkay47]

Why would anyone keep a preorder for vmc brand asic instead of a hashfast?

Hashfast boards are now going for ~$3/gh

Vmc platinum miner is more than $10/gh

Because , I ordered from HashFast and Ken at the same time (November) , i am batch 3&4 on HashFast , And i will not be receiving anything before May . And from Ken , i will be mining this week , with 250% of power i ordered .

So , im glad i din't cancel or refunded my order .

I understand it would be a much better deal to go with the hashfast boards shipping now.

I am just wondering if there is any incentive to stick with the vmc asic instead.

As of now it seems like they are equal in power/efficiency only the vmc machine is 4 times more expensive and shipping in a few months.

Ya , But the VMC ASIC will be a very good thing for the shareholders , and that's the only reason Ken is still working hard on getting his custom ASIC done ASAP....

[MilkyWayMasta]

Why would anyone keep a preorder for vmc brand asic instead of a hashfast?

Hashfast boards are now going for ~$3/gh

Vmc platinum miner is more than $10/gh

Because , I ordered from HashFast and Ken at the same time (November) , i am batch 3&4 on HashFast , And i will not be receiving anything before May . And from Ken , i will be mining this week , with 250% of power i ordered .

So , im glad i din't cancel or refunded my order .

I understand it would be a much better deal to go with the hashfast boards shipping now.

I am just wondering if there is any incentive to stick with the vmc asic instead.

As of now it seems like they are equal in power/efficiency only the vmc machine is 4 times more expensive and shipping in a few months.

Those are old miners I don't think they will ever be real products. What we have now is the Prospector and on the horizon is the Gold Rush miner which i believe is an optimized version of the Prospector. Those who held pre-orders for the old products will be receiving new products.

[emkay47]

Why would anyone keep a preorder for vmc brand asic instead of a hashfast?

Hashfast boards are now going for ~$3/gh

Vmc platinum miner is more than $10/gh

Because , I ordered from HashFast and Ken at the same time (November) , i am batch 3&4 on HashFast , And i will not be receiving anything before May . And from Ken , i will be mining this week , with 250% of power i ordered .

So , im glad i din't cancel or refunded my order .

I understand it would be a much better deal to go with the hashfast boards shipping now.

I am just wondering if there is any incentive to stick with the vmc asic instead.

As of now it seems like they are equal in power/efficiency only the vmc machine is 4 times more expensive and shipping in a few months.

Those are old miners I don't think they will ever be real products. What we have now is the Prospector and on the horizon is the Gold Rush miner which i believe is an optimized version of the Prospector. Those who held pre-orders for the old products will be receiving new products.

Ya i know , i meant equivalent hashing power , not exactly same design and stuff .

I will be receiving Prospector boards this week , from the stock saved for pre-ordered customers .

[MilkyWayMasta]

I was replying to jimmothy, it looks like he thinks that pre-order customers are getting the product they pre-ordered but like you said, they are getting new product. Those old items don't and won't ever exist.