[ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 154.

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: Jasun7211 on April 21, 2014, 07:44:27 AM

Kind of but not really. It is a Tesla patent and the blue prints are now a available. We tend to think as electricty creation from exothermic, and endothermic reactions....this creates electricity via induction. You have to change what they tought you in public school about electricity(similar to bitcoin vs. Fiat)....if anything at all. It does work.

Could you point me to evidence of people using this design to generate electricity?

Jasun7211

sr. member

Activity: 517

Merit: 250

Kind of but not really. It is a Tesla patent and the blue prints are now a available. We tend to think as electricty creation from exothermic, and endothermic reactions....this creates electricity via induction. You have to change what they tought you in public school about electricity(similar to bitcoin vs. Fiat)....if anything at all. It does work.

wasubii

sr. member

Activity: 448

Merit: 250

Quote from: Jasun7211 on April 20, 2014, 11:26:50 PM

http://www.torelco.com/QEG-Generator.htmlhtthttp://www.torelco.com/QEG-Generator.html://www.torelco.com/QEG-Generator.html

Quote from: drawingthesun on April 20, 2014, 09:50:55 PM

Quote from: JoTheKhan on April 20, 2014, 09:48:18 PM

I'm starting to think that Cryptocurrencies might be one of the most environmentally unfriendly forms of barter.

I wouldn't worry so much at the moment. Once we close in on the next halving then things will get very interesting.

The Bitcoin developers have to keep an eye on our competitors, so many green coins coming out. I am not a fan of POS however, because all the POS coins enrich the rich and create even more inequality.

To be honest I am really surprised KNC allowed someone to take these photos, they must have know the backlash would be huge on two fronts 1) they are still delayed in sending out miners but have built this farm and 2) people will start to see the 'centralised' nature of bitcoin in a different light, a more negative light.

It doesn't have to be....
http://be-do.com/index.php/en/

And for the lazy with some dough to throw...
http://www.torelco.com/QEG-Generator.html

LOL

By the way, I've got a bridge I'd like to sell - interested?

Jasun7211

sr. member

Activity: 517

Merit: 250

http://www.torelco.com/QEG-Generator.htmlhtthttp://www.torelco.com/QEG-Generator.html://www.torelco.com/QEG-Generator.html

Quote from: drawingthesun on April 20, 2014, 09:50:55 PM

Quote from: JoTheKhan on April 20, 2014, 09:48:18 PM

I'm starting to think that Cryptocurrencies might be one of the most environmentally unfriendly forms of barter.

I wouldn't worry so much at the moment. Once we close in on the next halving then things will get very interesting.

The Bitcoin developers have to keep an eye on our competitors, so many green coins coming out. I am not a fan of POS however, because all the POS coins enrich the rich and create even more inequality.

To be honest I am really surprised KNC allowed someone to take these photos, they must have know the backlash would be huge on two fronts 1) they are still delayed in sending out miners but have built this farm and 2) people will start to see the 'centralised' nature of bitcoin in a different light, a more negative light.

It doesn't have to be....
http://be-do.com/index.php/en/

And for the lazy with some dough to throw...
http://www.torelco.com/QEG-Generator.html

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: JoTheKhan on April 20, 2014, 09:48:18 PM

I'm starting to think that Cryptocurrencies might be one of the most environmentally unfriendly forms of barter.

I wouldn't worry so much at the moment. Once we close in on the next halving then things will get very interesting.

The Bitcoin developers have to keep an eye on our competitors, so many green coins coming out. I am not a fan of POS however, because all the POS coins enrich the rich and create even more inequality.

To be honest I am really surprised KNC allowed someone to take these photos, they must have know the backlash would be huge on two fronts 1) they are still delayed in sending out miners but have built this farm and 2) people will start to see the 'centralised' nature of bitcoin in a different light, a more negative light.

JoTheKhan

sr. member

Activity: 378

Merit: 250

Quote from: drawingthesun on April 20, 2014, 09:46:28 PM

Quote from: ?? on ??

KNC has 7PH not 17. And they will likely never go above 8PH since they are limited to a 10MW datacenter.

1,000PH would require 10% of swedens electricity..

If KNC have 10% of the network (2,500PH/s) at the end of the year we can expect that to be around 250PH/s.

Also they are about to release their 20nm very soon, it'll likely allow for these gains. I could be wrong.

I'm starting to think that Cryptocurrencies might be one of the most environmentally unfriendly forms of barter.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: ?? on ??

KNC has 7PH not 17. And they will likely never go above 8PH since they are limited to a 10MW datacenter.

1,000PH would require 10% of swedens electricity..

If KNC have 10% of the network (2,500PH/s) at the end of the year we can expect that to be around 250PH/s.

Also they are about to release their 20nm very soon, it'll likely allow for these gains. I could be wrong.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: ?? on ??

1,000PH/s by years end? That would definitely be over 50% right?

It's likely the total network hashrate will be about 2,500PH/s at the end of the year.

I think I underestimated how much the network would grow, I just did a 20% diff change calculation and it comes to around 2,500PH/s.

JoTheKhan

sr. member

Activity: 378

Merit: 250

Thank you Jimmothy,

I thought I must be high as shit right now.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: JimmyJazz on April 20, 2014, 03:31:27 PM

If we have dropped the 28nm then were totally fucked.

This is why building our own ASIC is important:

http://imgur.com/a/CcIhX

Because competing with KNC using other companies chips is a quick way to die.

It would be nice for Ken to respond to KNC's huge mining farm @ 17PH/s and how we intend to compete. ~~KNC will likely have 1,000PH/s by years end.~~

The total network hashrate at the end of the year will be about 2,500PH/s, so I overestimated how much KNC would have.

EDIT:

My calculations show if Ken is getting the whole package for less than $1GH/s we can compete for a while ONLY if Ken reinvests about 65% back into buying more hardware at $1GH/s.

If Ken can someone get our own ASIC then we can guarantee less than $1GH/s for the foreseeable future. Hashfast will either screw us eventually or die due to customers litigating against them.

JimmyJazz

full member

Activity: 207

Merit: 100

If we have dropped the 28nm then were totally fucked.

If Ken does not do what any respectable businessman would and addresses his shareholders with the development of the project he is defrauding us all.

END OF CONVO BBZ.

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

Quote from: RoadStress on April 20, 2014, 12:40:32 PM

Quote from: ThunderSheep on April 19, 2014, 09:17:07 PM

The last mention of it that I could find was from March 30th.

Quote from: kslaughter on March 30, 2014, 07:48:38 PM

Quote from: MilkyWayMasta on March 30, 2014, 07:47:54 PM

Yes, and we are still working on developing our own 28nm chip.

That means that the project isn't paused/cancelled. From Tape Out to receiving the chips you only need 2 months for a 28nm chip, but it seems that shareholders care only about being able to trade shares and for mining with 3rd party chips(which is conflicting with the initial scope of the IPO).

It is unlikely that we have enough money to cover the tape out costs which are over $1M to my knowledge. I think Ken's plan is to profit off of selling these prospector/gold rush boards and mining in our farm in order to pay the tapeout costs.

The website really needs to be updated because it's extremely confusing having products that don't exist on the front page and in the shop which I'm sure is affecting sales of the existing products. Only 50 cards sold so far...

RoadStress

legendary

Activity: 1904

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Quote from: ThunderSheep on April 19, 2014, 09:17:07 PM

The last mention of it that I could find was from March 30th.

Quote from: kslaughter on March 30, 2014, 07:48:38 PM

Quote from: MilkyWayMasta on March 30, 2014, 07:47:54 PM

Yes, and we are still working on developing our own 28nm chip.

That means that the project isn't paused/cancelled. From Tape Out to receiving the chips you only need 2 months for a 28nm chip, but it seems that shareholders care only about being able to trade shares and for mining with 3rd party chips(which is conflicting with the initial scope of the IPO).

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: Simon Templar on April 20, 2014, 06:22:39 AM

Great progress Ken. Let's climb the leader board on Eligius and get to #1. Heve we overtaken Bragraphics yet? Grin

I believe Bargraphics has between 100TH/s and 150TH/s.

Simon Templar

newbie

Activity: 42

Merit: 0

Great progress Ken. Let's climb the leader board on Eligius and get to #1. Have we overtaken Bragraphics yet? Grin

ThunderSheep

member

Activity: 88

Merit: 10

The sheep who walks through walls.

It may only be half-way there but it's visible progress. You have to acknowledge that achievement at least.

snowdropfore

hero member

Activity: 843

Merit: 1001

without actm chips,we can not so happy now .

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

We have gone TOP TEN on Eligius!!!

TOP OF THE POPS!!!!!

BitSwe

newbie

Activity: 38

Merit: 0

50th/s.
ActM is getting close to having 0.1% of the global hash rate.

ThunderSheep

member

Activity: 88

Merit: 10

The sheep who walks through walls.

The last mention of it that I could find was from March 30th.

Quote from: kslaughter on March 30, 2014, 07:48:38 PM

Quote from: MilkyWayMasta on March 30, 2014, 07:47:54 PM

Yes, and we are still working on developing our own 28nm chip.

Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 154. (Read 629902 times)