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JoTheKhan
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March 19, 2014, 06:50:36 AM |
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Weekly Update 3/19/2014
Here is the good news for March, we are rolling off the production line ~100 TH/s of mining gear which will be installed in our soon to be leased data-center. We are expecting to have the 100 TH/s up and running on our BTCGuild account in the next 2 weeks, so everyone will be able to see the new hashing power. We will then convert to sole mining over the next month. After the first 100 TH/s is on line we will be increasing our hashing power on a regular basis. We are expecting the next increase in hashing power to be ~100 TH/s within a month for a total of ~200 TH/s.
Active Mining PR Staff
With "mining gear" do you mean VMC built miners? If so, who's producing the chips? |
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hobbymd
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March 19, 2014, 06:53:55 AM |
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Weekly Update 3/19/2014
Here is the good news for March, we are rolling off the production line ~100 TH/s of mining gear which will be installed in our soon to be leased data-center. We are expecting to have the 100 TH/s up and running on our BTCGuild account in the next 2 weeks, so everyone will be able to see the new hashing power. We will then convert to sole mining over the next month. After the first 100 TH/s is on line we will be increasing our hashing power on a regular basis. We are expecting the next increase in hashing power to be ~100 TH/s within a month for a total of ~200 TH/s.
Active Mining PR Staff
With "mining gear" do you mean VMC built miners? If so, who's producing the chips? How much did you pay for that 100 Th/s and how much is the power bill going to be? How much will the 2nd 100 Th/s cost? . Can you clarify this Ken? |
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stenkross
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March 19, 2014, 07:20:03 AM |
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What is expected profit from this?
This is all I really care about. |
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zumzero
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March 19, 2014, 07:26:26 AM |
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Ken, this is great news and a sure sign that things are moving in the right direction. I'm looking forward to learning more of the details when you are able to share. Many thanks for your continued hard work.  |
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snowdropfore
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March 19, 2014, 07:48:20 AM |
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wow, i can not believe ,we get the chips by no reason?? last week we get nothing ,suddenly we get everything??
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VinceSamios
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March 19, 2014, 07:48:29 AM |
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For now that's 10mh/s/share - soon to be 20mh/s
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PurpleTentacle
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March 19, 2014, 07:55:32 AM |
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For now that's 10mh/s/share - soon to be 20mh/s
For now it's just words. I'll believe Ken when I actually see the 100 TH/s online. So Ken, once again, one easy yes/no question: Do the 100 TH/s consist of VMC built miners? |
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zumzero
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March 19, 2014, 07:55:37 AM |
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I can tell you that ken and Zum are not the same person, I have talked to both of them and they are not the same person, their style of speech and way of typing are different
This is bloody hilarious! Unless Ken woke up in Scotland today that is.  http://tinypic.com/r/102lfll/8 |
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sparky999
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March 19, 2014, 08:00:20 AM |
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Whose chips did you buy Ken?
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drawingthesun
Legendary
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Activity: 1176
Merit: 1015
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March 19, 2014, 08:53:29 AM |
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All I want to know. Are these our own ASIC's or are you using a competitors ASIC?
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snowdropfore
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March 19, 2014, 09:02:14 AM |
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it is a good news ,but all of us are not very happy with it,because we do not believe it
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drawingthesun
Legendary
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Activity: 1176
Merit: 1015
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March 19, 2014, 09:19:27 AM |
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it is a good news ,but all of us are not very happy with it,because we do not believe it
We don't believe it. And also if Ken is telling the truth he conviently said mining gear. This implies we are buying mining chips from someone. Also 100Th will be divided by two for reinvestment. (I still agree this is a good idea) however the other half will need to pay off the preorder people, so first month we make about 120 bitcoin maximum for our half. So it'll take about 6 months to pay back the preorders before we see a dividend. If we get 100th online per month we'll see a dividend sooner, probably by month 3. I am cool with this situation as long as it's using our own chip and we can trade. Ken come on, get us trading please!!!! |
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shrodes
Newbie
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Activity: 54
Merit: 0
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March 19, 2014, 10:11:27 AM |
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Weekly Update 3/19/2014
Here is the good news for March, we are rolling off the production line ~100 TH/s of mining gear which will be installed in our soon to be leased data-center. We are expecting to have the 100 TH/s up and running on our BTCGuild account in the next 2 weeks, so everyone will be able to see the new hashing power. We will then convert to sole mining over the next month. After the first 100 TH/s is on line we will be increasing our hashing power on a regular basis. We are expecting the next increase in hashing power to be ~100 TH/s within a month for a total of ~200 TH/s.
Active Mining PR Staff
Good news. But we still have no way of receiving the mined profits until our shares are tendered  |
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drawingthesun
Legendary
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Activity: 1176
Merit: 1015
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March 19, 2014, 10:42:08 AM |
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So Ken, when can we trade?
You have had an excuse every step of the way.
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zumzero
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March 19, 2014, 11:02:07 AM |
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it is a good news ,but all of us are not very happy with it,because we do not believe it
You are not speaking for everyone here and are misrepresenting those of us who do not share your opinion. Also, DTS we know you are pressing the issue regarding getting our shares listed but it's a fine line between having good intentions and spamming the thread every other post. |
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drawingthesun
Legendary
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Activity: 1176
Merit: 1015
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March 19, 2014, 11:05:29 AM |
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Also, DTS we know you are pressing the issue regarding getting our shares listed but it's a fine line between having good intentions and spamming the thread every other post.
It's not spam if it's what we want, I can't understand how every investor is not bombarding Ken with "Get us trading ASAP". He has literally stole any chance of getting out, the only reason he holds on is so he can issue new shares and sell them constantly on CryptoTrade. You watch when 100TH of Avalon comes online, the shares on CT will sky rocket and Ken will magic into existence new shares to sell. |
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addi
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March 19, 2014, 11:37:20 AM |
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So Ken, when can we trade?
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arousedrhino
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March 19, 2014, 12:59:47 PM |
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So Ken, when can we trade?
+1 Only question that matters, the rest is just words until there is proof. We now have to wait 2 more weeks to find out if this is real and we still do not have access to our shares. |
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Duffer1
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March 19, 2014, 01:10:08 PM |
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Weekly Update 3/19/2014
Here is the good news for March, we are rolling off the production line ~100 TH/s of mining gear which will be installed in our soon to be leased data-center. We are expecting to have the 100 TH/s up and running on our BTCGuild account in the next 2 weeks, so everyone will be able to see the new hashing power. We will then convert to sole mining over the next month. After the first 100 TH/s is on line we will be increasing our hashing power on a regular basis. We are expecting the next increase in hashing power to be ~100 TH/s within a month for a total of ~200 TH/s.
Active Mining PR Staff
Bitfury chips? |
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bitdog101
Newbie
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Activity: 15
Merit: 0
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March 19, 2014, 02:06:31 PM |
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So Ken, when can we trade?
+1 Only question that matters, the rest is just words until there is proof. We now have to wait 2 more weeks to find out if this is real and we still do not have access to our shares. Also @Ken, can we have some kind of proof? An invoice? A btc tx id? |
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