Topic: [796.com] RedStarMining.com - the oldest public mining security [15.0(TH/s)] (Read 120521 times)
May 30, 2014, 06:12:14 PM
The new thread set up by the RSM staff in my absence - https://bitcointalksearch.org/topic/796com-red-star-mining-est-january-2012-564908
April 10, 2014, 08:27:48 AM
Unfortunately due to ongoing health problems that I have been suffering for over a decade now I am unable to continue an active role at RSM for the time being. Investors and shareholders please don't worry though as it's been a team of seven staff and directors at RSM for a good while now. So I really believe that things can continue doing well into the future. As i originally founded RSM I am still going to hold the veto rights to the three prohibited motions. Although in the case I was in hospital and unreachable for a prolong period of time then evolvex will hold those veto rights to the three prohibited motions in my absence. I've been told the Q1 financial statement should be issued maybe as early as next week. I'll try to edit this post to include a link to a new thread which will be opened by one of the other seven board and staff members. Where a link to the Q1 statement will be posted by maybe as early as next week.
It was a big struggle founding RSM even with all the help I received and the first two years was very tough going. Although since last September after increasing the board and staff members RSM has done very well. Long may it continue doing well in my absence.
It was a big struggle founding RSM even with all the help I received and the first two years was very tough going. Although since last September after increasing the board and staff members RSM has done very well. Long may it continue doing well in my absence.
March 26, 2014, 09:41:54 AM
Share Deletion
In accordance with our buyback policy 1,000 shares have been bought and destroyed off the market. This bring the total number of shares from 133,000 shares to 132,000 shares.
In accordance with our buyback policy 1,000 shares have been bought and destroyed off the market. This bring the total number of shares from 133,000 shares to 132,000 shares.
March 12, 2014, 01:33:16 PM
March 1st Dividends
Dividends
Dividends for the Month of February (March 1st dividends) are out. Summary of Divs below:
Post for Details>Post for Details>
Dividends
Dividends for the Month of February (March 1st dividends) are out. Summary of Divs below:
. I guess we'll have to play the future by ear on this one. | Item | Amount |
| Divs Total | 1.44888437 |
| Shares | 135,000 |
| Divs Per Share | 0.00001073 |
February 02, 2014, 04:19:28 PM
Bitmine.CH Preordered
RSM has purchased a Bitmine.CH Coincraft Rig Configured with 2.8 TH/s of hashing power. The units are expected to start shipping March 24th 2014. The Coincraft Rig was purchased for 15.98869565 BTC. Funding for which came from the Re-Investment Fund.
This brings our total expected hash rate to 19.45 TH/s (0.144 GH/s/share). See table below for summary of our hardware.
(See Blogpost for Table)
RSM has purchased a Bitmine.CH Coincraft Rig Configured with 2.8 TH/s of hashing power. The units are expected to start shipping March 24th 2014. The Coincraft Rig was purchased for 15.98869565 BTC. Funding for which came from the Re-Investment Fund.
This brings our total expected hash rate to 19.45 TH/s (0.144 GH/s/share). See table below for summary of our hardware.
(See Blogpost for Table)
January 20, 2014, 03:44:48 PM
Industry Updates
Viper ASIC Update(Litecoin)
Viper ASIC Update(Litecoin)
Neptunes are still very much in the preliminary design phase. As much as the timeline will be reduced significantly in comparison to a standard engineering project at 20nm, if such exists, because this is absolute bleeding edge we want to be absolutely sure what we commit to silicon will ensure a successful product at the end. This initial phase will not be rushed.
That said we have completely re-written and optimised the RTL code. The Jupiter project was very much focused upon safe speed to market and the window of opportunity hashing power presented in this present finite period prior to significant competition. The Neptune project whilst adhering to aspects of the aforementioned must focus upon power consumption as it's primary trait if customers (you guys) will be able to compete successfully over a longer period. We know that we are reaching limits on standard household circuits, we want you to remain competitive w.r.t. the unfolding mining landscape and we are all to well aware that electricity costs will come into focus in the not too distant future.
So where we are now is that we have a working FPGA code and are in the process of testing that and tweaking any further refinements before it's submission.
With respect to the speculation above we sold out of Neptune's last night.
Viper ASIC Timeline ReleasedThat said we have completely re-written and optimised the RTL code. The Jupiter project was very much focused upon safe speed to market and the window of opportunity hashing power presented in this present finite period prior to significant competition. The Neptune project whilst adhering to aspects of the aforementioned must focus upon power consumption as it's primary trait if customers (you guys) will be able to compete successfully over a longer period. We know that we are reaching limits on standard household circuits, we want you to remain competitive w.r.t. the unfolding mining landscape and we are all to well aware that electricity costs will come into focus in the not too distant future.
So where we are now is that we have a working FPGA code and are in the process of testing that and tweaking any further refinements before it's submission.
With respect to the speculation above we sold out of Neptune's last night.
Quote
On Monday (13/01/2014) we released an outline of our set roadmap, today as promised we will be releasing a timeline with dates on each aspect of the development process. This shows our commitment to transparency and gives a better idea on what exact stage we are on at all times. As we go through multiple developmental stages in parallel, we will be releasing regular detailed updates on our progress. Our next updates will be consistent developmental updates on what is being worked on and what has been achieved.
Timeline:
Project Start: 16/08/13
Project Finish: 15/07/14
<-- Table Snipped See Posts for table -->
Roadmap (recap):
<-- Image Snipped See Posts for Images -->
Timeline:
Project Start: 16/08/13
Project Finish: 15/07/14
<-- Table Snipped See Posts for table -->
Roadmap (recap):
<-- Image Snipped See Posts for Images -->
With respect to Neptune we are where we intended to be at this stage and are still contemplating aspects of the design. Understand that the approach is not the same as that of Jupiter. 28nm was extremely disruptive at the time, of which the effect can plainly be seen. Hashrate was given priority to power consumption, and safety and speed to market even more so, but going forward and acknowledging that power consumption becomes more a critical factor the Neptune has to be created as more a long term solution. We will not skimp or rush the design here. This does not mean I'm indirectly verbalising a delay, so don't go looking for hidden meanings, there aren't any to find, just rest assured I'm stressing we value the integrity of the design more which is why Q1/Q2 was given to ensure that margin is present so we commit the best foot going forward in what is uncharted waters within bleeding edge silicon. We're not rushing the design at the cost of it's ability to function, and function well. The sha-256 implementation is actually relatively simple, but there is still quite a bit we can optimise to remain competitive for you and us.
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