Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 266. (Read 629905 times)

Ken, can you please address the issue of getting us our shares? Please hurry up and get on this. We have been waiting way too long. I want my shares in my possession. Thanks.

That calculation doesn't work as you set it up. Because you're setting the BTC price to 2000 and the price rise to 0, you're basically saying that the miner itself only costs 0.15BTC, or under $100 at the current price. Of course it will turn a profit quickly at those numbers, but you have to spend the money now in order to get that hardware, when the price is lower. If you want the price to be 2000 in June, it would be better to set the price to 630 now, and set the increase/month to 34%.

That's obviously still not perfect because there will be a large expense coming up very soon with tapeout and the wafer order, and then further expenses for parts and assembly later. If you really want to keep it in BTC it's pretty simple to break it down into different costs at different times based on their exchange rate at the time, and the calculate the total.
IE, if you think the cost if going to be $300 per card, and half is going to upfront NRE (at current rate, $630) and half will be boards/parts/assembly (in early May, at say $1500), then the cost of a board in BTC is 0.33. Using all the same numbers you did, except using 0.33BTC for hardware cost, it looks like this.
http://thegenesisblock.com/mining/a/83c5caae7d

BTW - Why are you estimating starting hashing at the start of June, even Ken's prediction was that tapeout would be 8 weeks after a vendor is chosen (so late April) with chips in Q3.

Our project manager and engineers have worked to get a chip that can be air cooled, this will work in our expansion cases.  The project manager with our engineers has managed to reduce the cost of the expansion cases to about 25% of what the cost was.  This will be changed on our website soon.

Careful now.  He didn't say anything about a refund, or how the NRE would be "recovered."

What do we think cost price will be of these cards inserted into our farm rigs?

Lets say 20% of retail. Is that reasonable?

Well if that is the case and we have them running by June then with BTC again at 2k USD ROI would be 23days.

There are a lot of variables, some of them still to be set as manufacturing progresses. One thing is for sure the higher BTC is by Q3 the sooner these chips will ROI. Is that a face-palm statement? Pretty obvious I guess.

http://thegenesisblock.com/mining/a/b1ebec17ea

~correct link inserted~

Edit we are on target to get to market around the same time as CoinTerra with their GSX I ready in June 'At just $1,599 and delivering over 400 gigahash per second'. Except we will be 100dollars cheaper for 32GH more. And as our offering is air cooled and theirs water do we have a cooler running chip?

Thanks for that. I guess calculating mining profits is more confusing than I thought.

With BTC at 600 USD no but then if BTC stayed at 600USD difficulty would probably not be able to rise as quickly it is now. With BTC at 2k USD ROI with mining in April is around 30 days.

http://thegenesisblock.com/mining/a/cfd8b8a6d8

What matters is the cost per GH to us.

Hopefully it will cost us a lot less than $1,500 to get 400 GH/S.

At current mining difficulty it looks like even if shipping in March, let alone Q3, those chips wouldn't ROI the bitcoin you spent on them http://thegenesisblock.com/mining/a/30b8b7310d

What do you mean by "Management Team" like what kind of people are on that team(thinking positions)?  I don't see any value in knowing the company or the actual people involved in the "Management Team" since if they are known VE will bug them with phone calls until he gets info or they quit. Remember its VE's goal to destroy this company by any and all means necessary, we should not assist him in this quest.

Those specks will ROI. And the time it takes will vary depending on the price of BTC when the cards are ready to ship. Today it would be 35 days. But remember we are in the middle of a crisis price-slump.

Ken, when are you going to begin the share verification process on your server? It might not be possible to put up the shares on Crypto-Trade just yet due to legal issues but at least let shareholders verify their shares to get the ball rolling. No harm in that.

I don't get it. Why would anyone buy a miner that does 432 GH/s for $1,499 that won't ROI if it isn't mining by this month?

Cool Ken, but what about our shares? All this means NOTHING since we can't trade our shares, you know that right?

PLEASE UPDATE US ON OUR SHARES, AND PLEASE, NO EXCUSES THIS TIME.

Don't be obnoxious. The critique of VMC was not related to hardware at all.

Not asking for vendor information, asking who the "Management team" of the company we invested in consists of, now that that's who the weekly updates are coming from.

Not releasing information on vendors is perfectly understandable.  I get that.

Fair enough. Good to hear about the NRE being mostly refunded.

Any chance at getting chip specs?

We don't release vendor information anymore.  i.e. VE bugging eASIC.

Would appreciate information instead of guessing games Ken.  Thanks.