Ken very rarely gives figures and information...
I would take that as a huge red flag as well.
Topic: [Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated] - page 34. (Read 76098 times)
February 02, 2014, 01:17:14 PM
I would take that as a huge red flag as well.
February 02, 2014, 10:35:11 AM
Ken very rarely gives figures and information so i don't take the below quote lightly...
Maybe you are reading into his wording too much Entropy
Maybe you are reading into his wording too much Entropy
Update on trading and wafers:
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
January 31, 2014, 07:12:45 PM
There's a huge red flag here in Ken's latest posting for anyone who actually thinks he is serious about delivering 1-2 Ph/s in Q2 of this year. He says "getting us on the February run at UMC". In a fab wafer starts happen every day. A fully operational fab runs ~20000 or more wafers per month in lots of 25 wafers. For a normal start there is no particular 'run' to catch, and certainly no monthly run. There is one type of operation that does happen on a monthly basis; shuttle runs.
A shuttle a wafer build with shared mask space. Your design is put on the masks along with many other people's in order to reduce costs and risk when testing if your design works. It's a way of test driving your design without the huge risk of paying for a full mask set. But, in exchange you only get a few hundred test chips for evaluation.
So, if that is what Ken is doing, he would get a couple hundred chips at the end of April and be able to use them to validate his design. If they worked, it would take another 60-90 days before a full mask set could be built a wafers could be completed to produce anything more than a couple Th/s of devices.
So you haven't even started the process yet?
Yes, I have been working on it for awhile; however, the trip to the west coast to get the 55nm chip, working with eASIC to change to a custom 28nm chip, getting us on the February run at UMC so that we could have chips in mid april has been my priority this month.
A shuttle a wafer build with shared mask space. Your design is put on the masks along with many other people's in order to reduce costs and risk when testing if your design works. It's a way of test driving your design without the huge risk of paying for a full mask set. But, in exchange you only get a few hundred test chips for evaluation.
So, if that is what Ken is doing, he would get a couple hundred chips at the end of April and be able to use them to validate his design. If they worked, it would take another 60-90 days before a full mask set could be built a wafers could be completed to produce anything more than a couple Th/s of devices.
... After the program verifies your shares, we will send a list of verified shareholders to CT, where they will create the account if not already created and add the verified number of shares to the account.
So you haven't even started the process yet?
Yes, I have been working on it for awhile; however, the trip to the west coast to get the 55nm chip, working with eASIC to change to a custom 28nm chip, getting us on the February run at UMC so that we could have chips in mid april has been my priority this month.
January 29, 2014, 11:59:06 PM
January 29, 2014, 11:33:51 PM
Cross posting this in case Ken deletes it from the other thread:
These questions if answered would help the competition, don't you think?
Hi Ken,
I am afraid i have to respectfully disagree. What could the competition do given that information?
The fact is, that everyone who is mining is doing everything they can to get as much hash online as possible - information from us as to what we are doing will not help or hinder them in that respect.
Or perhaps i am missing something?
How do you think they could use that information for their benefit or our detriment?
Regards,
wasubii
I think any information about what are cost are would not be good to release. I don't know how they would use the information; however, if they don't have it, then I don't have to worry about how they would use it.
Hi Ken,
Thanks for your reply
I would argue that the answers to those questions above should be known to shareholders, both current and future. The future performance of the company hinges on this information and it doesn't fall under any type of NDA as far as i can tell.
If a competitor was thinking about copying what we were doing they could easy go out and get quotations for a 55nm mask, controller boards, mounting costs, hosting costs etc. I don't see how revealing these figures could possibly damage ActM, but conversely, i believe that releasing them would improve perceived transparency (something you are not known for) and boost investor confidence. You have already given the W per GH/s figures for the 55nm chips, you have also hinted at the level of our electricity costs (although as per usual you worded it very freely - much like your 'we have shipped products'). Why not release the rest of the information?
Your argument above is a weak one - this is a publicly traded company and shareholders expect to be given key information - i believe the answers to the questions above fall within the realm of information that should be released to the shareholders.
I for one am doubting that the 55nm chips are going to ROI after you take into account the IP costs, mask set and crucially, the deployment costs.
However, if the 55nm IP from the two new engineers is also the basis for the new fully custom 28nm chips, then the IP costs would figure into the ROI calculation for the 28nm chips as well - which gives a much better picture for the 55nm chips because the costs are spread out over both types of chips.
I understand that you prefer to not release any information at all - to date you have been incredibly secretive and in my opinion, that has damaged both your personal reputation and that of the company. In this new field of unlicensed, unregulated BTC securities there seems to be little shareholders can do to hold you to account - hence the endless jumping up and down and shouting on the thread.
I beg you to reconsider your stance on answering the above three questions - i really think it is in everyone best interests for you to be more open with us shareholders.
Regards
wasubii
Expect a good update tomorrow.
Hi Ken,
I would appreciate it if you could address these questions in your next update. Thanks
1) What is the estimated $ per GH costs for the full deployment of the 55nm chips. This includes (but not limited to) chip cost, board cost, controller cost, set up costs, coding costs, rent, power, staffing, security etc.
2) What were the fixed costs for the 55nm chip. This includes (but not limited to) IP costs from the two new engineers (monetary or otherwise), NRE costs for the tapeout, fixed design costs for boards (if not amortised into the per unit deployment cost in Q1).
3) What are the limits (if any) to the space/power available in our chosen data centre.
Regards,
wasubii
I would appreciate it if you could address these questions in your next update. Thanks
1) What is the estimated $ per GH costs for the full deployment of the 55nm chips. This includes (but not limited to) chip cost, board cost, controller cost, set up costs, coding costs, rent, power, staffing, security etc.
2) What were the fixed costs for the 55nm chip. This includes (but not limited to) IP costs from the two new engineers (monetary or otherwise), NRE costs for the tapeout, fixed design costs for boards (if not amortised into the per unit deployment cost in Q1).
3) What are the limits (if any) to the space/power available in our chosen data centre.
Regards,
wasubii
These questions if answered would help the competition, don't you think?
Hi Ken,
I am afraid i have to respectfully disagree. What could the competition do given that information?
The fact is, that everyone who is mining is doing everything they can to get as much hash online as possible - information from us as to what we are doing will not help or hinder them in that respect.
Or perhaps i am missing something?
How do you think they could use that information for their benefit or our detriment?
Regards,
wasubii
I think any information about what are cost are would not be good to release. I don't know how they would use the information; however, if they don't have it, then I don't have to worry about how they would use it.
Hi Ken,
Thanks for your reply
I would argue that the answers to those questions above should be known to shareholders, both current and future. The future performance of the company hinges on this information and it doesn't fall under any type of NDA as far as i can tell.
If a competitor was thinking about copying what we were doing they could easy go out and get quotations for a 55nm mask, controller boards, mounting costs, hosting costs etc. I don't see how revealing these figures could possibly damage ActM, but conversely, i believe that releasing them would improve perceived transparency (something you are not known for) and boost investor confidence. You have already given the W per GH/s figures for the 55nm chips, you have also hinted at the level of our electricity costs (although as per usual you worded it very freely - much like your 'we have shipped products'). Why not release the rest of the information?
Your argument above is a weak one - this is a publicly traded company and shareholders expect to be given key information - i believe the answers to the questions above fall within the realm of information that should be released to the shareholders.
I for one am doubting that the 55nm chips are going to ROI after you take into account the IP costs, mask set and crucially, the deployment costs.
However, if the 55nm IP from the two new engineers is also the basis for the new fully custom 28nm chips, then the IP costs would figure into the ROI calculation for the 28nm chips as well - which gives a much better picture for the 55nm chips because the costs are spread out over both types of chips.
I understand that you prefer to not release any information at all - to date you have been incredibly secretive and in my opinion, that has damaged both your personal reputation and that of the company. In this new field of unlicensed, unregulated BTC securities there seems to be little shareholders can do to hold you to account - hence the endless jumping up and down and shouting on the thread.
I beg you to reconsider your stance on answering the above three questions - i really think it is in everyone best interests for you to be more open with us shareholders.
Regards
wasubii
Expect a good update tomorrow.
January 29, 2014, 11:01:33 PM
Entropy we know* that the price on Crypto-Trade is unreal. Like an actually unreal price point that we won't be seeing anytime soon, if at all. Trying to convince the main people who try to pump the price isn't really a good use of time or effort.
No one is going to buy a share for over .0005, and I will not be putting up bids (if any) till we go down to .00005 or .00007 as I think this is a reasonable place for me to get in more than I have. Now I know this is overvalued in your opinion but I am factoring in the chance that this company my succeed, and the spare BTC I have laying around due to the lack of other stuff to do with them.
No one is going to buy a share for over .0005, and I will not be putting up bids (if any) till we go down to .00005 or .00007 as I think this is a reasonable place for me to get in more than I have. Now I know this is overvalued in your opinion but I am factoring in the chance that this company my succeed, and the spare BTC I have laying around due to the lack of other stuff to do with them.
You keep them. How is that even a decision you need to think about? Please. I'm begging you, you've made me beg. Keep them.
I have and I've invested early and have made my ROI way back when the price went from $100 to $200, I pulled out my initial investment. I am completely up. I have kept them, I haven't dropped them in a bunch other securities looking for a quick return. I'm not saying I will throw all my BTC into ActiveMiner. I'm not someone sitting on 100k Shares or anything. I have minimal shares in ActiveMining and I'm not against getting a few more for a very very low price.
EDIT: I do want to thank you though, I'm truly happy you are worrying about me like that.
January 29, 2014, 10:35:03 PM
Entropy we know* that the price on Crypto-Trade is unreal. Like an actually unreal price point that we won't be seeing anytime soon, if at all. Trying to convince the main people who try to pump the price isn't really a good use of time or effort.
No one is going to buy a share for over .0005, and I will not be putting up bids (if any) till we go down to .00005 or .00007 as I think this is a reasonable place for me to get in more than I have. Now I know this is overvalued in your opinion but I am factoring in the chance that this company my succeed, and the spare BTC I have laying around due to the lack of other stuff to do with them.
No one is going to buy a share for over .0005, and I will not be putting up bids (if any) till we go down to .00005 or .00007 as I think this is a reasonable place for me to get in more than I have. Now I know this is overvalued in your opinion but I am factoring in the chance that this company my succeed, and the spare BTC I have laying around due to the lack of other stuff to do with them.
You keep them. How is that even a decision you need to think about? Please. I'm begging you, you've made me beg. Keep them.
January 29, 2014, 10:31:00 PM
Quote
Ken mentioned additional hashrate came online in November, what machines were those? CEX.IO
That wasn't even the worst of the BS in this weeks hand waving. But it was among the funniest. CEO of super low cost mining hardware outfit goes out and buys the most expensive hash rate possible. That would only make sense if you knew you were never getting your own hardware, or you wanted to deceive people.
I'm bored with this soap opera again. Watching sock puppets talk to each other all day has limited value.
January 28, 2014, 07:11:24 PM
Entropy we know* that the price on Crypto-Trade is unreal. Like an actually unreal price point that we won't be seeing anytime soon, if at all. Trying to convince the main people who try to pump the price isn't really a good use of time or effort.
No one is going to buy a share for over .0005, and I will not be putting up bids (if any) till we go down to .00005 or .00007 as I think this is a reasonable place for me to get in more than I have. Now I know this is overvalued in your opinion but I am factoring in the chance that this company my succeed, and the spare BTC I have laying around due to the lack of other stuff to do with them.
Now I would just like to state a very important point. I am not calling you a troll, or a fudster or anything. You have admitted to being against the company, you have stated that you don't own any shares and that Ken is incompetent. I understand where you are coming from and I have taken what you said at face value.
There is one thing that people in this forum are very paranoid about; people with shares facading a very bullish appearance about the company to pump the price and people without shares facading a very bearish appearance about the company to crash the price. Now I am not stating that you are doing that, and I really don't care what the price is because I have little desire to sell and less desire to buy but, you are appearing as the later in the moderated thread and it is going to cause people to mistrust you.
No one really thinks the company is worth $250M or close to that.
* Shareholders
No one is going to buy a share for over .0005, and I will not be putting up bids (if any) till we go down to .00005 or .00007 as I think this is a reasonable place for me to get in more than I have. Now I know this is overvalued in your opinion but I am factoring in the chance that this company my succeed, and the spare BTC I have laying around due to the lack of other stuff to do with them.
Now I would just like to state a very important point. I am not calling you a troll, or a fudster or anything. You have admitted to being against the company, you have stated that you don't own any shares and that Ken is incompetent. I understand where you are coming from and I have taken what you said at face value.
There is one thing that people in this forum are very paranoid about; people with shares facading a very bullish appearance about the company to pump the price and people without shares facading a very bearish appearance about the company to crash the price. Now I am not stating that you are doing that, and I really don't care what the price is because I have little desire to sell and less desire to buy but, you are appearing as the later in the moderated thread and it is going to cause people to mistrust you.
No one really thinks the company is worth $250M or close to that.
* Shareholders
My posts were in response to someone who claims to be a shareholder who thinks the stock is worth that much. I really don't care what anyone here thinks of me. I come to keep up to date on bitcoin every few months, and sometimes I stick around for the entertainment. Mostly I think browsing the forums here is bad for my personal wealth because observing the blatant scams and the fools who fall for them makes me want to sell bitcoins, which has always turned out to be a bad idea.
I hope your shares actually start trading soon and that you get out of this mess as best as you can.
January 28, 2014, 06:10:22 PM
I tried to get a substantive discussion of the value of Activemining going on the moderated thread.
I think the stock is a sell over 0.00001, and showed why. Sadly I couldn't get any logical responses from the bulls. But Ken stepped in to save the day with the delete button.
Look for Ken to log out soon and Zum to start posting again. :-)
If you are using Dividend Yield as the core valuer of recieving shares you can discount the 15Mill private shares as they are not recieving any dividend. And they will not recieve any dividend until 25-50Mill USD has been paid out to investors. The full 'market cap' figure is thus not reflective of investor value. Shareholders invest for capital gains and dividend payout so the 15Mill are irrelevant until the guaranteed 0.0025 BTC per public share is paid out. At that time there will be a revaluation by the market.
0.0025 x 10M x $1000 BTC is $2.5M US.
So if you want to get to a valuation higher than that you do have to account for the full number of shares. Mr.Teal is correct.
Ken is trying to sell shares at a $250M valuation for the company.
You are a horrible pessimist and think that 6 Avalons, a few benches and empty promises from a failed, alcoholic salesman is worth $100M
I think the stock is a sell over 0.00001, and showed why. Sadly I couldn't get any logical responses from the bulls. But Ken stepped in to save the day with the delete button.
Look for Ken to log out soon and Zum to start posting again. :-)
Actually there are 25M shares, 10M is just the public share number. A 0.01 share price would value it closer to a quarter billion USD.
If you are using Dividend Yield as the core valuer of recieving shares you can discount the 15Mill private shares as they are not recieving any dividend. And they will not recieve any dividend until 25-50Mill USD has been paid out to investors. The full 'market cap' figure is thus not reflective of investor value. Shareholders invest for capital gains and dividend payout so the 15Mill are irrelevant until the guaranteed 0.0025 BTC per public share is paid out. At that time there will be a revaluation by the market.
0.0025 x 10M x $1000 BTC is $2.5M US.
So if you want to get to a valuation higher than that you do have to account for the full number of shares. Mr.Teal is correct.
Ken is trying to sell shares at a $250M valuation for the company.
You are a horrible pessimist and think that 6 Avalons, a few benches and empty promises from a failed, alcoholic salesman is worth $100M
Lol. Your idea of a 'substantive discussion' is to abuse Ken Slaughter and throw silly conspiracy theories around that anyone who challenges you is related to the CEO. What an absolute joker you are. You are more than welcome to start an adult conversation anytime you want and you will be embraced. The problem is that it's beyond you to do that. I stress; make a mature inoffensive constructive criticism and we can engage in a grown up conversation.
By the way, I am in Scotland in the United Kingdom and have never met with or spoke to any Slaughters in my life. The only contact I have ever had is through this forum using PM's and they wouldn't even add up to ten.
January 28, 2014, 05:52:54 PM
Entropy we know* that the price on Crypto-Trade is unreal. Like an actually unreal price point that we won't be seeing anytime soon, if at all. Trying to convince the main people who try to pump the price isn't really a good use of time or effort.
No one is going to buy a share for over .0005, and I will not be putting up bids (if any) till we go down to .00005 or .00007 as I think this is a reasonable place for me to get in more than I have. Now I know this is overvalued in your opinion but I am factoring in the chance that this company my succeed, and the spare BTC I have laying around due to the lack of other stuff to do with them.
Now I would just like to state a very important point. I am not calling you a troll, or a fudster or anything. You have admitted to being against the company, you have stated that you don't own any shares and that Ken is incompetent. I understand where you are coming from and I have taken what you said at face value.
There is one thing that people in this forum are very paranoid about; people with shares facading a very bullish appearance about the company to pump the price and people without shares facading a very bearish appearance about the company to crash the price. Now I am not stating that you are doing that, and I really don't care what the price is because I have little desire to sell and less desire to buy but, you are appearing as the later in the moderated thread and it is going to cause people to mistrust you.
No one really thinks the company is worth $250M or close to that.
* Shareholders
No one is going to buy a share for over .0005, and I will not be putting up bids (if any) till we go down to .00005 or .00007 as I think this is a reasonable place for me to get in more than I have. Now I know this is overvalued in your opinion but I am factoring in the chance that this company my succeed, and the spare BTC I have laying around due to the lack of other stuff to do with them.
Now I would just like to state a very important point. I am not calling you a troll, or a fudster or anything. You have admitted to being against the company, you have stated that you don't own any shares and that Ken is incompetent. I understand where you are coming from and I have taken what you said at face value.
There is one thing that people in this forum are very paranoid about; people with shares facading a very bullish appearance about the company to pump the price and people without shares facading a very bearish appearance about the company to crash the price. Now I am not stating that you are doing that, and I really don't care what the price is because I have little desire to sell and less desire to buy but, you are appearing as the later in the moderated thread and it is going to cause people to mistrust you.
No one really thinks the company is worth $250M or close to that.
* Shareholders
January 28, 2014, 01:13:35 PM
I tried to get a substantive discussion of the value of Activemining going on the moderated thread.
I think the stock is a sell over 0.00001, and showed why. Sadly I couldn't get any logical responses from the bulls. But Ken stepped in to save the day with the delete button.
Look for Ken to log out soon and Zum to start posting again. :-)
If you are using Dividend Yield as the core valuer of recieving shares you can discount the 15Mill private shares as they are not recieving any dividend. And they will not recieve any dividend until 25-50Mill USD has been paid out to investors. The full 'market cap' figure is thus not reflective of investor value. Shareholders invest for capital gains and dividend payout so the 15Mill are irrelevant until the guaranteed 0.0025 BTC per public share is paid out. At that time there will be a revaluation by the market.
0.0025 x 10M x $1000 BTC is $2.5M US.
So if you want to get to a valuation higher than that you do have to account for the full number of shares. Mr.Teal is correct.
Ken is trying to sell shares at a $250M valuation for the company.
You are a horrible pessimist and think that 6 Avalons, a few benches and empty promises from a failed, alcoholic salesman is worth $100M
I think the stock is a sell over 0.00001, and showed why. Sadly I couldn't get any logical responses from the bulls. But Ken stepped in to save the day with the delete button.
Look for Ken to log out soon and Zum to start posting again. :-)
Actually there are 25M shares, 10M is just the public share number. A 0.01 share price would value it closer to a quarter billion USD.
If you are using Dividend Yield as the core valuer of recieving shares you can discount the 15Mill private shares as they are not recieving any dividend. And they will not recieve any dividend until 25-50Mill USD has been paid out to investors. The full 'market cap' figure is thus not reflective of investor value. Shareholders invest for capital gains and dividend payout so the 15Mill are irrelevant until the guaranteed 0.0025 BTC per public share is paid out. At that time there will be a revaluation by the market.
0.0025 x 10M x $1000 BTC is $2.5M US.
So if you want to get to a valuation higher than that you do have to account for the full number of shares. Mr.Teal is correct.
Ken is trying to sell shares at a $250M valuation for the company.
You are a horrible pessimist and think that 6 Avalons, a few benches and empty promises from a failed, alcoholic salesman is worth $100M
January 26, 2014, 12:02:21 PM
I wish my shares were on paper, so i could wipe my ass with them.
January 22, 2014, 08:58:51 AM
Active Mining, An Historical Perspective
Part The I, or How VMC Came To Be.
A long, long time ago, in a magical land called Missouri, lived a man of God named Ken.
Every evening Ken poured himself a jelly jar of Gordon's Gin and prayed:
"I try and try, God, but my best plans turn to fail and aids. Thanks for nothing!"
And so he lived, until one night the jelly jar slipped from his hand, rolled, shattered, the air in the room shook, shuddered, shimmered, and *POOF!* - OMG, a magical faery!
"OHAI!" said the faery. "How's all that drinkin' and prayin' working 4 U?"
"Piss off" mumbled Ken.
"Language! The name's IPO, and I'm here to help. Tomorrow night, pour off three fingers of Gordon's, drink the rest, log onto Bitcointalk, and tell the bitpeasants there just what you saw. Don't forget to mention my name."
"Which is?"
"IPO. IPO IPO IPO IPO! Remember my magical name, FFS! If you can spell it, you'll be rich!"
And *POOF!* the faery was gone.
___STAY TUNED FOR PART THE II___
Part The I, or How VMC Came To Be.
A long, long time ago, in a magical land called Missouri, lived a man of God named Ken.
Every evening Ken poured himself a jelly jar of Gordon's Gin and prayed:
"I try and try, God, but my best plans turn to fail and aids. Thanks for nothing!"
And so he lived, until one night the jelly jar slipped from his hand, rolled, shattered, the air in the room shook, shuddered, shimmered, and *POOF!* - OMG, a magical faery!
"OHAI!" said the faery. "How's all that drinkin' and prayin' working 4 U?"
"Piss off" mumbled Ken.
"Language! The name's IPO, and I'm here to help. Tomorrow night, pour off three fingers of Gordon's, drink the rest, log onto Bitcointalk, and tell the bitpeasants there just what you saw. Don't forget to mention my name."
"Which is?"
"IPO. IPO IPO IPO IPO! Remember my magical name, FFS! If you can spell it, you'll be rich!"
And *POOF!* the faery was gone.
___STAY TUNED FOR PART THE II___
January 22, 2014, 12:13:01 AM
He deleted that post and not mine? How odd. I expected my posts to go bye bye. Maybe sometime in the future they will disappear.
How telling is it that he attacked me (and effectively all of the people who had helped a lot, including vbs) rather than answer the question? Disappointed.
How telling is it that he attacked me (and effectively all of the people who had helped a lot, including vbs) rather than answer the question? Disappointed.
It is very simple, under the rules of the forum if you ask a poster not to post in your thread, he should start his own thread. I have ask Entropy-uc not to post in my thread. He has his own thread and this one to post in.
Ken,
All this drama is doing you no good; surely you can see that. You claimed to have shipped... fess up and admit what you shipped or backup and tell the truth.
Please stop discounting this. What was shipped isn't even important, it's a baseline for your trustworthiness.
Shao
Ken is surely aware of the deceptive nature of his words. Whether he is covering his ass legally, covering up delays, or just pulling a con, he appears to know what he is doing in terms of 'keeping it grey.'
January 21, 2014, 11:58:39 PM
January 21, 2014, 11:21:17 PM
...
Don't worry about the bet, I'm just making a point that you cannot back up your mouth with actual money. But maybe you are so extremely out of touch that you believe that statement to be true.
As far as your Terrahash jab, do you really think $30,000 in USD matters when I've made over 650 BTC from mining with KnC?
Let me know when you want to play catch up with me.
Don't worry about the bet, I'm just making a point that you cannot back up your mouth with actual money. But maybe you are so extremely out of touch that you believe that statement to be true.
As far as your Terrahash jab, do you really think $30,000 in USD matters when I've made over 650 BTC from mining with KnC?
Let me know when you want to play catch up with me.
Bargraphics:
Backing your idiocy with coin is cute in a boyish sort of way, It has a charm that's absolutely adored by certain confirmed bachelors and aging Hoboken housewives.
But here, in a forum all about money, it lacks a certain ... je ne sais quoi.
so because one brand thats not the topic of this thread made a profit, a $30,000 loss is negligible?
fools and thier money
Hah that's a good one.
You must be telling some sort of joke considering neither company mentioned was the topic of this thread.
Kids these days...
Alright I've had my fun with you losers. Back to watching the circle jerk of wannabe bitcoin gurus in here. Have fun guys.
January 21, 2014, 10:34:58 PM
...
Don't worry about the bet, I'm just making a point that you cannot back up your mouth with actual money. But maybe you are so extremely out of touch that you believe that statement to be true.
As far as your Terrahash jab, do you really think $30,000 in USD matters when I've made over 650 BTC from mining with KnC?
Let me know when you want to play catch up with me.
Don't worry about the bet, I'm just making a point that you cannot back up your mouth with actual money. But maybe you are so extremely out of touch that you believe that statement to be true.
As far as your Terrahash jab, do you really think $30,000 in USD matters when I've made over 650 BTC from mining with KnC?
Let me know when you want to play catch up with me.
Bargraphics:
Backing your idiocy with coin is cute in a boyish sort of way, It has a charm that's absolutely adored by certain confirmed bachelors and aging Hoboken housewives.
But here, in a forum all about money, it lacks a certain ... je ne sais quoi.
so because one brand thats not the topic of this thread made a profit, a $30,000 loss is negligible?
fools and thier money
January 21, 2014, 09:37:13 PM
...
Don't worry about the bet, I'm just making a point that you cannot back up your mouth with actual money. But maybe you are so extremely out of touch that you believe that statement to be true.
As far as your Terrahash jab, do you really think $30,000 in USD matters when I've made over 650 BTC from mining with KnC?
Let me know when you want to play catch up with me.
Don't worry about the bet, I'm just making a point that you cannot back up your mouth with actual money. But maybe you are so extremely out of touch that you believe that statement to be true.
As far as your Terrahash jab, do you really think $30,000 in USD matters when I've made over 650 BTC from mining with KnC?
Let me know when you want to play catch up with me.
Bargraphics:
Backing your idiocy with coin is cute in a boyish sort of way, It has a charm that's absolutely adored by certain confirmed bachelors and aging Hoboken housewives.
But here, in a forum all about money, it lacks a certain ... je ne sais quoi.
January 21, 2014, 08:37:24 PM
The questions that will not be asked:
The only good news is that trading should happen and those that didn't appreciate being lied to for six months will be able to get out; though it will only be through scamming bigger fools.
If only they just kept their bitcoins...
- how much did the acquisition cost, and who are the guys who got it? (wouldn't be a surprise that they are related to our friend kslaugther)
- how is it going to fit on single slot pci express miners with no active cooling?
- would it have been better to refund all that was left to investors? oh wait, how much is left?
The only good news is that trading should happen and those that didn't appreciate being lied to for six months will be able to get out; though it will only be through scamming bigger fools.
If only they just kept their bitcoins...
#3 is the only relevant question. Even if it was free, a 55 nm design isn't worth the engineering costs to tape out, design boards and firmware for. 55 nm asics cost more to produce per Gh/s than you can buy hardware from 28 nm suppliers at retail prices today (and last October for that matter!). Spending money on 55 nm guarantees you a loss compared to direct ordering from Cointerra. It does give Ken a way to save face. He wasn't incompetent and or lying when he said the RTL was done in June of last year, he was collaborating with a stealth start up!
Want to place a wager?
I already placed my bets. And they are paying off.
How did your bet on Terrahash work out?
Out of pure macabre curiosity what is it that you want to bet me about?
Sorry I should have known I would have had to literally spell it out for someone like you, even though I did bold it.
55 nm asics cost more to produce per Gh/s than you can buy hardware from 28 nm suppliers at retail prices today (and last October for that matter!).
Don't worry about the bet, I'm just making a point that you cannot back up your mouth with actual money. But maybe you are so extremely out of touch that you believe that statement to be true.
As far as your Terrahash jab, do you really think $30,000 in USD matters when I've made over 650 BTC from mining with KnC?
Let me know when you want to play catch up with me.