Topic: [ActiveMining] Drawingthesun's Thread. Only Known/Useful Information (Read 8342 times)
^Bitcointa.lk: https://bitcointa.lk/search/5585/
June 08, 2014, 12:43:38 PM
Thanks to kactech, for archiving Ken's posts:
June 04, 2014, 03:09:31 PM
Since the MSD has halted investment activity, I will revive this thread.
MSD Cease and Desist Order
I feel like this thread could now be used to gather any evidence against Ken that we can. Cross-posting this question below:
To what end? You realize the shares are selling substantially lower than the nickel/share Ken is allegedly obligated to pay out? That's because folks understand they won't be seeing any refunds. So what would knowing that Ken sent me, let's say, 50BTC do for you, other than make you feel more frustrated?
If we can find outputs that are likely his hidden income addresses, we might be able to persuade the courts (if any action happens) that Ken is hiding money. Then he can either obey a potential order to release the funds go to jail.
I also created the following 'index' of ActiveMining threads to aid in the sleuthing that is to follow:
https://bitcointa.lk/threads/index-of-active-mining-threads.324135/
Posted from Bitcointa.lk - #wd14g5HSuPsxf5Vd
MSD Cease and Desist Order
I feel like this thread could now be used to gather any evidence against Ken that we can. Cross-posting this question below:
Quote from: drawingthesun
Quote from: NotLambchop
Quote from: drawingthesun
I am certain Ken has made hundreds of thousands through salary or even millions from our money.
Does anyone know the original IPO fund addresses? We need to try tagging all outputs....
Does anyone know the original IPO fund addresses? We need to try tagging all outputs....
To what end? You realize the shares are selling substantially lower than the nickel/share Ken is allegedly obligated to pay out? That's because folks understand they won't be seeing any refunds. So what would knowing that Ken sent me, let's say, 50BTC do for you, other than make you feel more frustrated?
If we can find outputs that are likely his hidden income addresses, we might be able to persuade the courts (if any action happens) that Ken is hiding money. Then he can either obey a potential order to release the funds go to jail.
I also created the following 'index' of ActiveMining threads to aid in the sleuthing that is to follow:
https://bitcointa.lk/threads/index-of-active-mining-threads.324135/
Posted from Bitcointa.lk - #wd14g5HSuPsxf5Vd
you missed the AMC flash crash thread
https://bitcointalksearch.org/topic/the-coming-flash-crash-in-amc-245713
Quite a list, far, far more than I remembered. Topic spamming has to be a new scam indicator.
June 04, 2014, 02:39:34 PM
Since the MSD has halted investment activity, I will revive this thread.
MSD Cease and Desist Order
I feel like this thread could now be used to gather any evidence against Ken that we can. Cross-posting this question below:
To what end? You realize the shares are selling substantially lower than the nickel/share Ken is allegedly obligated to pay out? That's because folks understand they won't be seeing any refunds. So what would knowing that Ken sent me, let's say, 50BTC do for you, other than make you feel more frustrated?
If we can find outputs that are likely his hidden income addresses, we might be able to persuade the courts (if any action happens) that Ken is hiding money. Then he can either obey a potential order to release the funds go to jail.
I also created the following 'index' of ActiveMining threads to aid in the sleuthing that is to follow:
https://bitcointa.lk/threads/index-of-active-mining-threads.324135/
Posted from Bitcointa.lk - #wd14g5HSuPsxf5Vd
MSD Cease and Desist Order
I feel like this thread could now be used to gather any evidence against Ken that we can. Cross-posting this question below:
Quote from: drawingthesun
Quote from: NotLambchop
Quote from: drawingthesun
I am certain Ken has made hundreds of thousands through salary or even millions from our money.
Does anyone know the original IPO fund addresses? We need to try tagging all outputs....
Does anyone know the original IPO fund addresses? We need to try tagging all outputs....
To what end? You realize the shares are selling substantially lower than the nickel/share Ken is allegedly obligated to pay out? That's because folks understand they won't be seeing any refunds. So what would knowing that Ken sent me, let's say, 50BTC do for you, other than make you feel more frustrated?
If we can find outputs that are likely his hidden income addresses, we might be able to persuade the courts (if any action happens) that Ken is hiding money. Then he can either obey a potential order to release the funds go to jail.
I also created the following 'index' of ActiveMining threads to aid in the sleuthing that is to follow:
https://bitcointa.lk/threads/index-of-active-mining-threads.324135/
Posted from Bitcointa.lk - #wd14g5HSuPsxf5Vd
April 18, 2014, 04:56:38 AM
I will hold off updating this thread due to the current investigation by Missouri Securities Division. There doesn't seem to be anything to say or do these days and the company could end up anywhere.
Once the investigation has concluded and if we still exist as a company at that point this thread will become live once more. Until then it's being mothballed.
Once the investigation has concluded and if we still exist as a company at that point this thread will become live once more. Until then it's being mothballed.
December 29, 2013, 03:04:09 PM
Here's an interesting bit of historical revisioning by Ken & Co., quoting from the VMC thread:
The Virtual Mining website has been recently updated, you will find the info you need in the Active Mining securities thread here.
Read the quoted post by kleek, where he argues:
If you follow the given link, you will see expected shipping date has been changed. Make of this what you will.
I received a reply 2 days ago, which unfortunately I'd only just noticed as it went to my spam filter. I can't actually find anything on the site, nor had noticed it when I ordered, about pre-orders taking 3+ months for delivery (if anyone can please direct me to it). This also contradicts their previous response telling me it would be shipped between Jan 20 - Feb 10.
This is the response:
Dear Customer,
Pre-Order Terms: This is a pre-order. 28nm ASIC products are shipped according to placement in the order queue, and delivery may take 3 months or more after order.This is nothing new has been on our site under all products under more info.
Your order is in the February 28th-March 20th date of shipping.If you want to cancel your order then yes we would refund your money.It does come in a check form in the mail.If you want to get a refund please send a full name and address.
Regards,
Customer service
This is the response:
Dear Customer,
Pre-Order Terms: This is a pre-order. 28nm ASIC products are shipped according to placement in the order queue, and delivery may take 3 months or more after order.This is nothing new has been on our site under all products under more info.
Your order is in the February 28th-March 20th date of shipping.If you want to cancel your order then yes we would refund your money.It does come in a check form in the mail.If you want to get a refund please send a full name and address.
Regards,
Customer service
The Virtual Mining website has been recently updated, you will find the info you need in the Active Mining securities thread here.
Read the quoted post by kleek, where he argues:
...
Look, I'm giving you the benefit of the doubt here, because you "went away" for a while. The issue is that you come back, sling mud, and have done no catching up at all. I believe Bargraphics already corrected you, and rightly so, but if you're clicking around the site why not quote this date?
For the gold module: Availability date: 2013-12-31
Source: http://virtualminingcorp.com/shop1/index.php?id_product=25&controller=product
...
Look, I'm giving you the benefit of the doubt here, because you "went away" for a while. The issue is that you come back, sling mud, and have done no catching up at all. I believe Bargraphics already corrected you, and rightly so, but if you're clicking around the site why not quote this date?
For the gold module: Availability date: 2013-12-31
Source: http://virtualminingcorp.com/shop1/index.php?id_product=25&controller=product
...
If you follow the given link, you will see expected shipping date has been changed. Make of this what you will.
December 28, 2013, 03:28:50 PM
You've been told many times that expected full production of VMC machines is January.
This has been fully explained to you and Ken even agreed so how come you know so much more than the CEO? lol
This has been fully explained to you and Ken even agreed so how come you know so much more than the CEO? lol
Yes, you keep saying full production is expected January despite me explaining how those date were wrong in the first place and despite the fact that Ken announced delays.
HashFast waited 23 days for sample chips to be packaged and shipped to them once the foundry had produced the wafers. KnC waited 13 days.
Also, Ken hasn't agreed that normal volume production will begin in January at all. If he has though, you'll have no trouble quoting him and I will admit I'm wrong. The last post from Ken states:
Weekly Update 12/25/13
Merry Christmas and Happy New Year.
Here is a picture of our manufacturing line for assembling miners.
Assembly Line
We are working on assembling everything, so when our boards and chips arrive, we can ship the miners fast.
Merry Christmas and Happy New Year.
Here is a picture of our manufacturing line for assembling miners.
Assembly Line
We are working on assembling everything, so when our boards and chips arrive, we can ship the miners fast.
I can back up my claims with facts, can you?
December 28, 2013, 03:01:43 PM
You've been told many times that expected full production of VMC machines is January.
This has been fully explained to you and Ken even agreed so how come you know so much more than the CEO? lol
This has been fully explained to you and Ken even agreed so how come you know so much more than the CEO? lol
December 28, 2013, 02:56:40 PM
- 24th December - 9th January [original guesstimate] - Normal volume chip production starting in 16-18 weeks.
Early January.
Those above dates were extremely optimistic best case scenarios and ignore the facts that wafers need to be packaged into chips and shipped around, which can take weeks. My original calculations did not ignore that fact and the date I came up with for normal volume production was February. That was before the announced delays which everyone should assume will be around 9 weeks until Ken says otherwise, as that's how long he said it takes to get the samples.
It's far more realistic to expect normal volume production to commence in April/May than than to claim that the chip redesign has actually sped up the production schedule.
Normal volume production will be 7 to 9 weeks after samples according to Ken. Ken has not had new sample chips back yet. What will the date be 9 weeks from now?
December 28, 2013, 02:23:24 PM
So Ken seems to be delayed because of legal aspects.... does that mean we give up our anonymity to get our shares, will we have to register with SEC? I realize the answers to these questions are probably only known to ken..... I just thought I would pose the question.
This probably applies to us...
http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/
What are the implications?
This probably applies to us...
http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/
What are the implications?
ActM wont have to register as an MSB as long as it doesn't sell cloud-mining contracts (aka good news)
December 24, 2013, 05:25:21 PM
I never transferred my Activemining shares on bitfunder to AMC-TENDER. What are my options now?
Ken has the asset list. You're options are to wait for trading and be able to sign messages from your Public Wallet Address that you're listed on Bitfunder.
December 24, 2013, 03:57:37 PM
I never transferred my Activemining shares on bitfunder to AMC-TENDER. What are my options now?
December 23, 2013, 10:38:41 AM
- 24th December - 9th January [original guesstimate] - Normal volume chip production starting in 16-18 weeks.
Early January.
December 23, 2013, 08:36:36 AM
- 24th December - 9th January [original guesstimate] - Normal volume chip production starting in 16-18 weeks.
December 13, 2013, 03:15:06 PM
I've brought this timeline over from the other thread as I think it may be useful to keep a copy here.
The dates in bold are confirmed by announcements, while the others are projected from estimated timelines in the prospectus.
* Note: As of 30th November, probable delays have been introduced into the timeline.
(I will be trying to keep this updated as more facts are revealed. In an effort to keep this thread tidy, please PM me with any suggestions.)
The dates in bold are confirmed by announcements, while the others are projected from estimated timelines in the prospectus.
- 26th July [source] - Ken estimates two weeks for NRE to be paid (during visit to eASIC)
- 3rd August [source] - Ken returns from his trip to eASIC and the Engineering firm
- 4th August [source] - Ken posts to say he is busy working on eASIC deal
- (sometime before August 28th) [used for guesstimates below] - NRE Funds paid
- 28th August [source] - Ken confirms NRE funds were converted 'some time ago'
- 4th September [source] - eASIC issue press release
- 12th September [source] - Avalon refund confirmed as having been received
- 1st November [original guesstimate] - Chip samples delivered in 9 weeks;
- 30th October [source] - Ken announces gradual hashrate increase including 'other resources' [source]
- 25th November [original guesstimate] - Low-volume chip production starting in 12 weeks, using an e-beam process;
- 30th November [source] - Ken announces delays due to further R&D and upcoming Intellihash(tm) technology
- 12th December [source] - Weekly announcement states "we are continuing to bring in all the parts for mass production of our miners"
- 18th December [source] - Weekly announcement states "working with eASIC and our engineers to get our chip and boards in full production"
- 25th December [source] - Weekly announcement states "working on assembling [for] when our boards and chips arrive"
- 24th December - 9th January [original guesstimate] - Normal volume chip production starting in 16-18 weeks.
- 1st January [source] - Weekly announcement states "The new year looks bright ... as we continue to assemble our miners for quick delivery"
- 9th January [source] - Weekly announcement states "engineers are still designing our board ... hired ... competent RTL design team to make sure ... Low-Power and ... most speed from the chip"
- 15th January [source] - Weekly announcement states "in San Jose working with our partners ... The RTL problem has been solved ..."
- 27th February - 10th March - assuming an 8 week delay (from Jan 9) or 12 week delay (from Nov 30), chips may be forthcoming at this point in time
* Note: As of 30th November, probable delays have been introduced into the timeline.
(I will be trying to keep this updated as more facts are revealed. In an effort to keep this thread tidy, please PM me with any suggestions.)
December 12, 2013, 11:22:58 PM
From the page you just posted from 
Posting the weekly update from the main thread:
Weekly Update 12/11/13
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
December 12, 2013, 11:15:25 PM
any word on when we'll know what is up with our shares?
December 12, 2013, 10:07:17 PM
I'm certain that miners will be able to be built to spec. Worst case scenario is that we need more space to mine if no better cooling solution can be found found due to having so much kW in a confined area.
The Springfield Underground website makes mention of an existing customer as being a data centre. This suggests the infrastructure already exists or ActM is that data centre. In addition to that the ambient temperature is a constant 16 degrees Celsius. Other customers included refrigerated and frozen food distribution, and climate controlled storage.
We are not using Springfield Underground. See below:
Ken,
Will the Klondike's be installed at Springfield Underground?
Will the Klondike's be installed at Springfield Underground?
No, we are not using Springfield Underground since we did not get the 20,000 chips. Also, no need to add an more cost to the Klondikes.
and continued:
20,000 Avalon chips, you mean?
I wasn't aware that Springfield Underground was only for the Avalons. The impression investors got was that it would be used for the ActM mining operation. Where will ActM setup its mining operation, then?
I wasn't aware that Springfield Underground was only for the Avalons. The impression investors got was that it would be used for the ActM mining operation. Where will ActM setup its mining operation, then?
Yes, we were going to get 2 racks there to house the current Avalons, then we were looking at different locations before we received the 20,000 Avalon chips. Since we did not receive the chips and we did not know when the Klondikes would be received we did not take the Springfield Underground space. We don't like to give out the location due to security.
I would still say its fair to say that Ken will park our operation somewhere with proper environmental controls and offerings for an operation like this.
December 12, 2013, 09:15:55 PM
I'm certain that miners will be able to be built to spec. Worst case scenario is that we need more space to mine if no better cooling solution can be found found due to having so much kW in a confined area.
The Springfield Underground website makes mention of an existing customer as being a data centre. This suggests the infrastructure already exists or ActM is that data centre. In addition to that the ambient temperature is a constant 16 degrees Celsius. Other customers include refrigerated and frozen food distribution, and climate controlled storage.
December 12, 2013, 01:01:31 AM
Posting the weekly update from the main thread:
Weekly Update 12/11/13
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
Crypto-Trade:
Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.
VMC:
We are continuing to bring in all the parts for mass production of our miners.
AMC:
We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.
December 11, 2013, 11:59:34 AM
I'm certain that miners will be able to be built to spec. Worst case scenario is that we need more space to mine if no better cooling solution can be found found due to having so much kW in a confined area.
December 08, 2013, 11:22:24 PM
The following conversation makes some good points about the power density of our 24TH/s miners:
(Unless really good cooling is being used or something else (liquid submerged cooling?) we might not be able to build these 24TH miners to spec)
Please remember we are in a knowledge vacuum when it comes to our chip details, as we have not been updated on changing spec.
(Unless really good cooling is being used or something else (liquid submerged cooling?) we might not be able to build these 24TH miners to spec)
Please remember we are in a knowledge vacuum when it comes to our chip details, as we have not been updated on changing spec.
kleeck, did you calculations account for the expansion cases? They actually have 16 PCI-e slots (assuming a miner is only one slot), though they are 5U not 4U. But I think the requirements would still be lower.
No, I didn't take that into account. That would mean 34U could handle 24Th/s, excluding any heating concerns - so much less space would be needed.
A dose of reality is badly needed here.
At best easic might match KNC's 28nm W / Gh/s performance, which is on the order of 1.5 W/Gh/s. It's more likely this chip will perform worse than that, but let's give Ken the benefit of the doubt.
So 24 Th/s would consume 36 KW of power. High density racks only support 10-12 KW per unit, and that is with sophisticated water cooling radiators on the doors. 36 KW requires 165A of 220V. If you have any familiarity with the type of industrial rental spaces that Ken is pictured in, you would know that they typically have 100A of 220 available.
I sincerely feel bad for the folks that didn't bail on this disaster when I was sounding the alarm in June and July.
At best easic might match KNC's 28nm W / Gh/s performance, which is on the order of 1.5 W/Gh/s. It's more likely this chip will perform worse than that, but let's give Ken the benefit of the doubt.
So 24 Th/s would consume 36 KW of power. High density racks only support 10-12 KW per unit, and that is with sophisticated water cooling radiators on the doors. 36 KW requires 165A of 220V. If you have any familiarity with the type of industrial rental spaces that Ken is pictured in, you would know that they typically have 100A of 220 available.
I sincerely feel bad for the folks that didn't bail on this disaster when I was sounding the alarm in June and July.
First off, the 24Th/s Platinum is rated at ~20,800 Watts or 20.8 KW. That's before the overclocking potential that Ken has stated the eASIC design will safely allow. The space you see Ken pictured in is the manufacturing center, NOT the data/mining center. You're right though, the space needed will probably be greater than 6 racks for DTS' scenario, which is why I plugged in the "excluding heating concerns".
Thanks for the dose of reality.
Thanks for the dose of reality.
Sure, go ahead and stick with imaginary numbers based on nothing rather than real world data. An easic is not going to get close to the power consumption numbers you are dreaming about.
The imaginary world must be a lot nicer. AMC has 4-5 Ph/s running since September in that world right? Wasn't that the projection? Is that epic spreadsheet where Ken plans to mine more than all the available bitcoin in a year still floating around?
The imaginary world must be a lot nicer. AMC has 4-5 Ph/s running since September in that world right? Wasn't that the projection? Is that epic spreadsheet where Ken plans to mine more than all the available bitcoin in a year still floating around?
Yes. The imaginary numbers given by eASIC. No need to get all worked up. This is all theorycrafting, anyways.
Cheers.
Cheers.
December 08, 2013, 12:40:51 PM
kleeck, did you calculations account for the expansion cases? They actually have 16 PCI-e slots (assuming a miner is only one slot), though they are 5U not 4U. But I think the requirements would still be lower.
No, I didn't take that into account. That would mean 34U could handle 24Th/s, excluding any heating concerns - so much less space would be needed.
December 08, 2013, 10:55:03 AM
Please write down what the time/date based on when you estimate.
Thanks.
Thanks.
December 08, 2013, 10:24:31 AM
So beginning of October, the network was hashing with 800TH/s, now with 5PH/s. End of January this will be 14PH/s or something. 1% would be 140TH/s
The Gen1-Chips will be hashing at 20GH/s max, so we'd need to have 7,000 chips hashing.
Anyone know how many chips per machine? If we say 16, then that's 430 machines. If Ken builds 5 machines per day, that's still 3 month and the hash rate wil be 50PH/s. The official thread claims 24TH/s per machine, but that would be 1200 chips/machine. Sounds a bit high.
So either Ken is hiring in January like crazy or this will be a dud.
The Gen1-Chips will be hashing at 20GH/s max, so we'd need to have 7,000 chips hashing.
Anyone know how many chips per machine? If we say 16, then that's 430 machines. If Ken builds 5 machines per day, that's still 3 month and the hash rate wil be 50PH/s. The official thread claims 24TH/s per machine, but that would be 1200 chips/machine. Sounds a bit high.
So either Ken is hiring in January like crazy or this will be a dud.
Each card in a machine runs 256 GH/s before overclocking. Each single case can receive a total of 6 cards before needing an expansion case, which is ~1.536 Th/s per case. So ~92 single cases would be needed @ 16 GH/s chips x 16 chips per board X 6 boards per case.
For space we can calculate off of each single case being 4U (as per VMC data sheet specs: http://goo.gl/5Tn0l0)
4U * 92 cases = 368U. The largest racks I've ever worked with are 42U each. There may be bigger, but lets work off of that for our purposes here. 368/42 = 8.761 or, effectively 9 42U racks to achieve 140Th/s.
Here are some external dimensions of a 42U rack: (H x W x L): 80" x 24" X 42" - so In a building with 7' ceilings (shouldn't be a problem), and a ~20'x35' area one could easily house these devices.
Running them all at the same time is a different issue.
December 08, 2013, 08:10:51 AM
The 24TH/s miners are individual machines in the same sense as the Colossus is an individual computer.
The general sentiment here is correct, the 24TH/s "machine" is a rack of mining machines with the 256GH/s cards inside. (About 94 cards or 8 - 11 machines in a rack, similar to how servers are stacked up)
I doubt it will be as large as Colossus though.
December 08, 2013, 08:03:44 AM
So beginning of October, the network was hashing with 800TH/s, now with 5PH/s. End of January this will be 14PH/s or something. 1% would be 140TH/s
The Gen1-Chips will be hashing at 20GH/s max, so we'd need to have 7,000 chips hashing.
Anyone know how many chips per machine? If we say 16, then that's 430 machines. If Ken builds 5 machines per day, that's still 3 month and the hash rate wil be 50PH/s. The official thread claims 24TH/s per machine, but that would be 1200 chips/machine. Sounds a bit high.
So either Ken is hiring in January like crazy or this will be a dud.
The Gen1-Chips will be hashing at 20GH/s max, so we'd need to have 7,000 chips hashing.
Anyone know how many chips per machine? If we say 16, then that's 430 machines. If Ken builds 5 machines per day, that's still 3 month and the hash rate wil be 50PH/s. The official thread claims 24TH/s per machine, but that would be 1200 chips/machine. Sounds a bit high.
So either Ken is hiring in January like crazy or this will be a dud.
The 24TH/s miners are individual machines in the same sense as the Colossus is an individual computer.
December 08, 2013, 08:01:39 AM
The official thread claims 24TH/s per machine, but that would be 1200 chips/machine. Sounds a bit high.
That is the top end machine. If you look on the website it looks like the 24TH beast is more a rack of machines rather than a single desktop sized device.
So beginning of October, the network was hashing with 800TH/s, now with 5PH/s. End of January this will be 14PH/s or something. 1% would be 140TH/s
The Gen1-Chips will be hashing at 20GH/s max, so we'd need to have 7,000 chips hashing.
The Gen1-Chips will be hashing at 20GH/s max, so we'd need to have 7,000 chips hashing.
Oh yes, your estimates are pretty spot on. If we start hashing at the beginning of February we will need at minimum 200TH to claim 1% of the network.
Anyone know how many chips per machine? If we say 16, then that's 430 machines.
The chips are small and many can fit on a board, unfortunately we have no idea how Ken will have the boards designed.
A single machine will have multiple cards, and those 256GH cards will have about 12 - 15 chips inside them.
I am sure a machine can take many cards.
So either Ken is hiring in January like crazy or this will be a dud.
This really depends on how much work the engineering firm will do. They are building the boards, I'm not sure who puts the chips on the boards, probably Ken.
If all Ken has to do is take eASIC chips, put them on boards and place the components into a card case he might not need many hands. Again we have no idea how much work is being outsourced.
December 08, 2013, 07:05:52 AM
So beginning of October, the network was hashing with 800TH/s, now with 5PH/s. End of January this will be 14PH/s or something. 1% would be 140TH/s
The Gen1-Chips will be hashing at 20GH/s max, so we'd need to have 7,000 chips hashing.
Anyone know how many chips per machine? If we say 16, then that's 430 machines. If Ken builds 5 machines per day, that's still 3 month and the hash rate wil be 50PH/s. The official thread claims 24TH/s per machine, but that would be 1200 chips/machine. Sounds a bit high.
So either Ken is hiring in January like crazy or this will be a dud.
The Gen1-Chips will be hashing at 20GH/s max, so we'd need to have 7,000 chips hashing.
Anyone know how many chips per machine? If we say 16, then that's 430 machines. If Ken builds 5 machines per day, that's still 3 month and the hash rate wil be 50PH/s. The official thread claims 24TH/s per machine, but that would be 1200 chips/machine. Sounds a bit high.
So either Ken is hiring in January like crazy or this will be a dud.
December 08, 2013, 02:45:05 AM
So, it's more likely he will get the chips in february then?
If he will need whole dec+jan?
If he will need whole dec+jan?
I think Ken meant he would like the entirety of Dec + Jan before we all start raging on the forum again. I felt that he was implying their would be chips before February but he needs time to build the rigs and start shipping.
December 08, 2013, 02:41:58 AM
Expected timeline for chips:
Based on Ken's responses in the thread, the current estimate is around January.
Based on Ken's responses in the thread, the current estimate is around January.
Quote from: kslaughter
I want the whole month of December and January.
So, it's more likely he will get the chips in february then?
If he will need whole dec+jan?
December 08, 2013, 02:01:48 AM
Feel free to post questions and your own estimates for our company below:
This thread is meant to be either facts, well researched and well formed opinions, no FUD and no screaming.
I will remove crap because this is not a general ActiveMining thread.
This thread is meant to be either facts, well researched and well formed opinions, no FUD and no screaming.
I will remove crap because this is not a general ActiveMining thread.
December 08, 2013, 02:00:58 AM
Information regarding our first generation chip and it's comparisons to the competition:
Everything about the chip and the cost is mostly unknown. We know it should be rated for 16GH/s and overclockable to 20GH/s.
Entropy makes a good point about the power requirements for the racks being perhaps requiring too much power;
A solution could be to invest in a liquid cooled system such as our competitor ASICMINER. Please PM me if you think there would be reason this is not possible (Or feel free to talk about it below)
Everything about the chip and the cost is mostly unknown. We know it should be rated for 16GH/s and overclockable to 20GH/s.
Entropy makes a good point about the power requirements for the racks being perhaps requiring too much power;
At best easic might match KNC's 28nm W / Gh/s performance, which is on the order of 1.5 W/Gh/s. It's more likely this chip will perform worse than that, but let's give Ken the benefit of the doubt.
So 24 Th/s would consume 36 KW of power. High density racks only support 10-12 KW per unit, and that is with sophisticated water cooling radiators on the doors. 36 KW requires 165A of 220V. If you have any familiarity with the type of industrial rental spaces that Ken is pictured in, you would know that they typically have 100A of 220 available.
So 24 Th/s would consume 36 KW of power. High density racks only support 10-12 KW per unit, and that is with sophisticated water cooling radiators on the doors. 36 KW requires 165A of 220V. If you have any familiarity with the type of industrial rental spaces that Ken is pictured in, you would know that they typically have 100A of 220 available.
A solution could be to invest in a liquid cooled system such as our competitor ASICMINER. Please PM me if you think there would be reason this is not possible (Or feel free to talk about it below)
December 08, 2013, 02:00:35 AM
Important Links:
Official thread by Ken:
https://bitcointalksearch.org/topic/activemining-the-official-active-mining-discussion-thread-self-moderated-297503
ActiveMining announcements:
https://bitcointalksearch.org/topic/activemining-the-official-active-mining-announcement-thread-self-moderated-297543
Reddit:
http://www.reddit.com/r/activemining
IRC chat:
Freenode; #activemining
Our mining address:
https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa
IRC Chat 8th December with Ken:
http://pastebin.com/rYFm41U5
And the discussion:
https://bitcointalksearch.org/topic/activemining-discussion-about-the-dec-8th-irc-chat-not-moderated-363827
Official thread by Ken:
https://bitcointalksearch.org/topic/activemining-the-official-active-mining-discussion-thread-self-moderated-297503
ActiveMining announcements:
https://bitcointalksearch.org/topic/activemining-the-official-active-mining-announcement-thread-self-moderated-297543
Reddit:
http://www.reddit.com/r/activemining
IRC chat:
Freenode; #activemining
Our mining address:
https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa
IRC Chat 8th December with Ken:
http://pastebin.com/rYFm41U5
And the discussion:
https://bitcointalksearch.org/topic/activemining-discussion-about-the-dec-8th-irc-chat-not-moderated-363827
December 08, 2013, 02:00:28 AM
Notes
I believe in Ken and believe that this operation can be profitable, I will post my math as evidence later on today or tomorrow.-> I am leaving to go out and am busy but I will post my workings out.
I believe in Ken and believe that this operation can be profitable, I will post my math as evidence later on today or tomorrow.-> I am leaving to go out and am busy but I will post my workings out.
December 08, 2013, 02:00:18 AM
Please see https://bitcointalksearch.org/topic/m.7133625 for latest information.
ActiveMining is currently under investigation from Missouri Securities Division.
Until the investigation concludes; 99% of trading and all dividends are suspended.
Please do not be offended if I delete your post!!! Most of the deleted posts are simply me consolidating information to make the thread have a higher signal:noise ratio!
This thread is not a replacement for any other ActiveMining thread, but rather a gathering of information. Feel free to post information or even ask questions.
Questions that have no answer will be considered information because a negative can still tell a story.
Because I want the thread to be very high density in information, I may delete valid posts and consolidate the information on the front page. I will leave long discussions alone as long as they are making decent progress in developing an idea and it would be difficult for me to take that discussion and summarize the facts.
See my "Notes" post below to see opinions on the information.
Please note that some information is speculation and other information is confirmed by Ken. If it's confirmed by Ken I will quote the appropriate post.
What is the expected timeline for chips?
Based on Ken's responses in the thread, the current estimate is around January.
Just going to make a little prediction here - the products which shipped were probably Fast-Hash-80's which are the avalon clones.
Has Ken got a solution to the funds being held/lost by Ukyo?
We believe Ken will seize Ukyo's shares in ActiveMining as an exchange for the lost funds.
The fact that he can seize Ukyo's shares is actually good news.
IntelliHash
I can't see how intellihash could possibly work... the only thing it possibly could be is an over-clocking utility. It cannot change a chip (Ken said it would work on avalons too), it cannot fake proof-of-work (and if it can, bitcoin is broken), so the only option is an over-clocking utility. Which would be coherent with the 20% increase quoted, as that would be about the max you could reliably overclock.
TLDR; IntelliHash is, in my judgement, an overclocking utility.
Perhaps this is on the right track?I can't see how intellihash could possibly work... the only thing it possibly could be is an over-clocking utility. It cannot change a chip (Ken said it would work on avalons too), it cannot fake proof-of-work (and if it can, bitcoin is broken), so the only option is an over-clocking utility. Which would be coherent with the 20% increase quoted, as that would be about the max you could reliably overclock.
TLDR; IntelliHash is, in my judgement, an overclocking utility.
Timeline
I've brought this timeline over from the other thread as I think it may be useful to keep a copy here.
The dates in bold are confirmed by announcements, while the others are projected from estimated timelines in the prospectus.
* Note: As of 30th November, probable delays have been introduced into the timeline.
(I will be trying to keep this updated as more facts are revealed. In an effort to keep this thread tidy, please PM me with any suggestions.)
The dates in bold are confirmed by announcements, while the others are projected from estimated timelines in the prospectus.
- 26th July [source] - Ken estimates two weeks for NRE to be paid (during visit to eASIC)
- 3rd August [source] - Ken returns from his trip to eASIC and the Engineering firm
- 4th August [source] - Ken posts to say he is busy working on eASIC deal
- (sometime before August 28th) [used for guesstimates below] - NRE Funds paid
- 28th August [source] - Ken confirms NRE funds were converted 'some time ago'
- 4th September [source] - eASIC issue press release
- 12th September [source] - Avalon refund confirmed as having been received
- 1st November [original guesstimate] - Chip samples delivered in 9 weeks;
- 30th October [source] - Ken announces gradual hashrate increase including 'other resources' [source]
- 25th November [original guesstimate] - Low-volume chip production starting in 12 weeks, using an e-beam process;
- 30th November [source] - Ken announces delays due to further R&D and upcoming Intellihash(tm) technology
- 12th December [source] - Weekly announcement states "we are continuing to bring in all the parts for mass production of our miners"
- 18th December [source] - Weekly announcement states "working with eASIC and our engineers to get our chip and boards in full production"
- 25th December [source] - Weekly announcement states "working on assembling [for] when our boards and chips arrive"
- 24th December - 9th January [original guesstimate] - Normal volume chip production starting in 16-18 weeks.
- 1st January [source] - Weekly announcement states "The new year looks bright ... as we continue to assemble our miners for quick delivery"
- 9th January [source] - Weekly announcement states "engineers are still designing our board ... hired ... competent RTL design team to make sure ... Low-Power and ... most speed from the chip"
- 15th January [source] - Weekly announcement states "in San Jose working with our partners ... The RTL problem has been solved ..."
- 27th February - 10th March - assuming an 8 week delay (from Jan 9) or 12 week delay (from Nov 30), chips may be forthcoming at this point in time
* Note: As of 30th November, probable delays have been introduced into the timeline.
(I will be trying to keep this updated as more facts are revealed. In an effort to keep this thread tidy, please PM me with any suggestions.)
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