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Author Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated]  (Read 629454 times)
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klondike_bar
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April 01, 2014, 07:23:43 PM
 #1501

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?

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461
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Ozymandias2
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April 01, 2014, 07:33:33 PM
 #1502

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
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April 01, 2014, 07:35:54 PM
 #1503

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.
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April 01, 2014, 07:36:47 PM
 #1504

Man I gotto say im fucking excited now
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April 01, 2014, 07:38:24 PM
 #1505

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.  
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April 01, 2014, 08:09:57 PM
 #1506

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

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April 01, 2014, 08:16:51 PM
 #1507

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.

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April 01, 2014, 08:26:53 PM
 #1508

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 . Huh

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

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April 01, 2014, 08:33:53 PM
 #1509

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'
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April 01, 2014, 08:35:23 PM
 #1510

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 . Huh

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


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
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April 01, 2014, 08:53:05 PM
 #1511

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.
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April 01, 2014, 08:56:12 PM
 #1512

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
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April 01, 2014, 08:57:20 PM
 #1513

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 . Huh

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


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 . Grin

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

Thanks.

BTC : 1JL5qWRebJ6syr51UjCu7q7SvXyzcGwpLf

https://coinsecure.in | Buy and Sell Bitcoin in India Now !! | coinsecure™ | connecting India to Bitcoin !™
Komodorpudel
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April 01, 2014, 09:00:18 PM
 #1514

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
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April 01, 2014, 09:04:29 PM
 #1515

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 .

BTC : 1JL5qWRebJ6syr51UjCu7q7SvXyzcGwpLf

https://coinsecure.in | Buy and Sell Bitcoin in India Now !! | coinsecure™ | connecting India to Bitcoin !™
jimmothy
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April 01, 2014, 09:07:54 PM
 #1516

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
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April 01, 2014, 09:12:52 PM
 #1517

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....

BTC : 1JL5qWRebJ6syr51UjCu7q7SvXyzcGwpLf

https://coinsecure.in | Buy and Sell Bitcoin in India Now !! | coinsecure™ | connecting India to Bitcoin !™
MilkyWayMasta
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April 01, 2014, 09:14:21 PM
 #1518

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.

DISCIPLINA — The First Blockchain For HR & Education
From core developers of Cardano, PoS minting, unique Web Of Trust & Privacy algorithms. Be the first, join us!
  WEBSITE  TELEGRAM  ANN  BOUNTY  LINKEDIN  WHITEPAPER  Referral Program 5%
emkay47
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April 01, 2014, 09:20:03 PM
 #1519

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 .

BTC : 1JL5qWRebJ6syr51UjCu7q7SvXyzcGwpLf

https://coinsecure.in | Buy and Sell Bitcoin in India Now !! | coinsecure™ | connecting India to Bitcoin !™
MilkyWayMasta
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April 01, 2014, 09:24:56 PM
 #1520

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.

DISCIPLINA — The First Blockchain For HR & Education
From core developers of Cardano, PoS minting, unique Web Of Trust & Privacy algorithms. Be the first, join us!
  WEBSITE  TELEGRAM  ANN  BOUNTY  LINKEDIN  WHITEPAPER  Referral Program 5%
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