Assuming your hypothetical November rate, calculate what ActM would have to increase by, on a monthly basis, to ensure a positive return. That might be interesting to some.
Indeed it would.
Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 12. (Read 479317 times)
September 15, 2013, 03:04:57 PM
Indeed it would.
September 15, 2013, 02:57:17 PM
...
Selling 28nm chips onto the market and mining with them will be profitable for many months to come, even when the network hash rate is 10PH/S.
At this share price, we only need to hold 1% of the network to have 100% annual return from mining alone. Obviously there won't actually be 100% annual return because of rising difficulty, but we can use these "annual return snapshots" for share price valuation. For example, asicminer seems to fluctuate between 20%-50% ("annual snapshot").. if it goes higher than that then investors buy up more shares. I can share my excel spreadsheet calculations if you wish.
Remember, difficulty setting does not "know" who our competitors are and is not biased towards anyone. It's a simple number, and our chips will still be profitable under those conitions.
Selling 28nm chips onto the market and mining with them will be profitable for many months to come, even when the network hash rate is 10PH/S.
At this share price, we only need to hold 1% of the network to have 100% annual return from mining alone. Obviously there won't actually be 100% annual return because of rising difficulty, but we can use these "annual return snapshots" for share price valuation. For example, asicminer seems to fluctuate between 20%-50% ("annual snapshot").. if it goes higher than that then investors buy up more shares. I can share my excel spreadsheet calculations if you wish.
Remember, difficulty setting does not "know" who our competitors are and is not biased towards anyone. It's a simple number, and our chips will still be profitable under those conitions.
Lets say, Actm starts to mine at 450,000 Gh is November (probably not going to happen).
To set this up, it will cost what? Lets say 900,000
Lets say, they pay 0.15 $/kWh
This will generate Cumulative Return (starting Nov):
$1,520,000
$2,820,000
$3,500,000
$3,830,000
$3,970,000
$4,000,000
$3,970,000 <-- May, game over
$3,910,000
Monthly Profit
$2,420,000
$1,300,000
$676,000
$330,000
$138,000
$31,000
$-28400 <-- May. Game over
$-61400
It becomes unprofitable in May.
Difficulty for the same timeframe
Difficulty (MM)
365
657
1182
2128
3831
6895
12412
22341
Numbers are form: http://mining.thegenesisblock.com/
This calculation is pretty much worthless. You pull a random number and then assume it will be a static value for the coming six months. That is just not useful. No mining operation is going to maintain a static hashrate for six months. Everyone, including Ken, knows that if you want to maintain your TNH% you have to increase your hashrate. This is Bitcoin Mining 101.
Assuming your hypothetical November rate, calculate what ActM would have to increase by, on a monthly basis, to ensure a positive return. That might be interesting to some.
September 15, 2013, 02:56:10 PM
Did you guys know about these guys yet? It looks like you have another 28nm competitor. Their chips are around the same speed as ActM (rather then being giant 400-500Gh/s monsters like hashfast/cointerra)
From what I can tell, 24.756Th/s worth of vmc Fast-Hash-ONE chips costs $120,000 or $5/gh/s. For $147,000 you get 1500 of these chips, which comes out to $4.9/Gh/s.
However, the chips are supposed to have a less energy efficient "turbo mode" that will actually double the hashrate and quadruple the chip's power draw. So, if you were to run the chips in "Turbo mode" (which I'm sure everyone will until the difficulty goes insane) then the cost for raw chips is just is just $2.45/Gh/s. Less then half the cost of VMC's chips.
From what I can tell, 24.756Th/s worth of vmc Fast-Hash-ONE chips costs $120,000 or $5/gh/s. For $147,000 you get 1500 of these chips, which comes out to $4.9/Gh/s.
However, the chips are supposed to have a less energy efficient "turbo mode" that will actually double the hashrate and quadruple the chip's power draw. So, if you were to run the chips in "Turbo mode" (which I'm sure everyone will until the difficulty goes insane) then the cost for raw chips is just is just $2.45/Gh/s. Less then half the cost of VMC's chips.
No shipping date that I can see. Looks like mass production starts last week of November. Depending on how long that takes these could easily be hitting market late December early January. Interesting idea, though, having a turbo mode. Ill be interested to see the hard specs on these.
GlobalFoundries are the same that BFL uses, right?
I tend to be very satisfied with eASIC in this case.
GloFo is very responsive and flexible compared to TSMC.
BFL's failure to deliver is nobody's fault but BFL's.
how do you know they kept their delivery dates to BFL?
September 15, 2013, 02:46:44 PM
Did you guys know about these guys yet? It looks like you have another 28nm competitor. Their chips are around the same speed as ActM (rather then being giant 400-500Gh/s monsters like hashfast/cointerra)
From what I can tell, 24.756Th/s worth of vmc Fast-Hash-ONE chips costs $120,000 or $5/gh/s. For $147,000 you get 1500 of these chips, which comes out to $4.9/Gh/s.
However, the chips are supposed to have a less energy efficient "turbo mode" that will actually double the hashrate and quadruple the chip's power draw. So, if you were to run the chips in "Turbo mode" (which I'm sure everyone will until the difficulty goes insane) then the cost for raw chips is just is just $2.45/Gh/s. Less then half the cost of VMC's chips.
From what I can tell, 24.756Th/s worth of vmc Fast-Hash-ONE chips costs $120,000 or $5/gh/s. For $147,000 you get 1500 of these chips, which comes out to $4.9/Gh/s.
However, the chips are supposed to have a less energy efficient "turbo mode" that will actually double the hashrate and quadruple the chip's power draw. So, if you were to run the chips in "Turbo mode" (which I'm sure everyone will until the difficulty goes insane) then the cost for raw chips is just is just $2.45/Gh/s. Less then half the cost of VMC's chips.
No shipping date that I can see. Looks like mass production starts last week of November. Depending on how long that takes these could easily be hitting market late December early January. Interesting idea, though, having a turbo mode. Ill be interested to see the hard specs on these.
GlobalFoundries are the same that BFL uses, right?
I tend to be very satisfied with eASIC in this case.
GloFo is very responsive and flexible compared to TSMC.
BFL's failure to deliver is nobody's fault but BFL's.
September 15, 2013, 02:45:35 PM
Did you guys know about these guys yet? It looks like you have another 28nm competitor. Their chips are around the same speed as ActM (rather then being giant 400-500Gh/s monsters like hashfast/cointerra)
From what I can tell, 24.756Th/s worth of vmc Fast-Hash-ONE chips costs $120,000 or $5/gh/s. For $147,000 you get 1500 of these chips, which comes out to $4.9/Gh/s.
However, the chips are supposed to have a less energy efficient "turbo mode" that will actually double the hashrate and quadruple the chip's power draw. So, if you were to run the chips in "Turbo mode" (which I'm sure everyone will until the difficulty goes insane) then the cost for raw chips is just is just $2.45/Gh/s. Less then half the cost of VMC's chips.
From what I can tell, 24.756Th/s worth of vmc Fast-Hash-ONE chips costs $120,000 or $5/gh/s. For $147,000 you get 1500 of these chips, which comes out to $4.9/Gh/s.
However, the chips are supposed to have a less energy efficient "turbo mode" that will actually double the hashrate and quadruple the chip's power draw. So, if you were to run the chips in "Turbo mode" (which I'm sure everyone will until the difficulty goes insane) then the cost for raw chips is just is just $2.45/Gh/s. Less then half the cost of VMC's chips.
No shipping date that I can see. Looks like mass production starts last week of November. Depending on how long that takes these could easily be hitting market late December early January. Interesting idea, though, having a turbo mode. Ill be interested to see the hard specs on these.
GlobalFoundries are the same that BFL uses, right?
I tend to be very satisfied with eASIC in this case.
September 15, 2013, 02:41:47 PM
...
Selling 28nm chips onto the market and mining with them will be profitable for many months to come, even when the network hash rate is 10PH/S.
At this share price, we only need to hold 1% of the network to have 100% annual return from mining alone. Obviously there won't actually be 100% annual return because of rising difficulty, but we can use these "annual return snapshots" for share price valuation. For example, asicminer seems to fluctuate between 20%-50% ("annual snapshot").. if it goes higher than that then investors buy up more shares. I can share my excel spreadsheet calculations if you wish.
Remember, difficulty setting does not "know" who our competitors are and is not biased towards anyone. It's a simple number, and our chips will still be profitable under those conitions.
Selling 28nm chips onto the market and mining with them will be profitable for many months to come, even when the network hash rate is 10PH/S.
At this share price, we only need to hold 1% of the network to have 100% annual return from mining alone. Obviously there won't actually be 100% annual return because of rising difficulty, but we can use these "annual return snapshots" for share price valuation. For example, asicminer seems to fluctuate between 20%-50% ("annual snapshot").. if it goes higher than that then investors buy up more shares. I can share my excel spreadsheet calculations if you wish.
Remember, difficulty setting does not "know" who our competitors are and is not biased towards anyone. It's a simple number, and our chips will still be profitable under those conitions.
Lets say, Actm starts to mine at 450,000 Gh is November (probably not going to happen).
To set this up, it will cost what? Lets say 900,000
Lets say, they pay 0.15 $/kWh
This will generate Cumulative Return (starting Nov):
$1,520,000
$2,820,000
$3,500,000
$3,830,000
$3,970,000
$4,000,000
$3,970,000 <-- May, game over
$3,910,000
Monthly Profit
$2,420,000
$1,300,000
$676,000
$330,000
$138,000
$31,000
$-28400 <-- May. Game over
$-61400
It becomes unprofitable in May.
Difficulty for the same timeframe
Difficulty (MM)
365
657
1182
2128
3831
6895
12412
22341
Numbers are form: http://mining.thegenesisblock.com/
September 15, 2013, 02:32:47 PM
No shipping date that I can see. Looks like mass production starts last week of November. Depending on how long that takes these could easily be hitting market late December early January. Interesting idea, though, having a turbo mode. Ill be interested to see the hard specs on these.
VMC's chips should be overclockable too (as are just about any ASICs as far as I know). Calling it "turbo mode" is just better marketing. MONSTER MODE
September 15, 2013, 02:28:57 PM
No shipping date that I can see. Looks like mass production starts last week of November. Depending on how long that takes these could easily be hitting market late December early January. Interesting idea, though, having a turbo mode. Ill be interested to see the hard specs on these.
VMC's chips should be overclockable too (as are just about any ASICs as far as I know). Calling it "turbo mode" is just better marketing. September 15, 2013, 02:27:01 PM
new competition is great. I love it. Keep securing that network, boys! Make my BTC safe 
September 15, 2013, 02:24:13 PM
Did you guys know about these guys yet? It looks like you have another 28nm competitor. Their chips are around the same speed as ActM (rather then being giant 400-500Gh/s monsters like hashfast/cointerra)
From what I can tell, 24.756Th/s worth of vmc Fast-Hash-ONE chips costs $120,000 or $5/gh/s. For $147,000 you get 1500 of these chips, which comes out to $4.9/Gh/s.
However, the chips are supposed to have a less energy efficient "turbo mode" that will actually double the hashrate and quadruple the chip's power draw. So, if you were to run the chips in "Turbo mode" (which I'm sure everyone will until the difficulty goes insane) then the cost for raw chips is just is just $2.45/Gh/s. Less then half the cost of VMC's chips.
From what I can tell, 24.756Th/s worth of vmc Fast-Hash-ONE chips costs $120,000 or $5/gh/s. For $147,000 you get 1500 of these chips, which comes out to $4.9/Gh/s.
However, the chips are supposed to have a less energy efficient "turbo mode" that will actually double the hashrate and quadruple the chip's power draw. So, if you were to run the chips in "Turbo mode" (which I'm sure everyone will until the difficulty goes insane) then the cost for raw chips is just is just $2.45/Gh/s. Less then half the cost of VMC's chips.
No shipping date that I can see. Looks like mass production starts last week of November. Depending on how long that takes these could easily be hitting market late December early January. Interesting idea, though, having a turbo mode. Ill be interested to see the hard specs on these.
September 15, 2013, 01:48:06 PM
Hmmm....someone seems to be mining at bitminter under the name "fast hash" 1.128 TH
could this be test chips or is this just wishful thinking??
https://bitminter.com/livestats/big
could this be test chips or is this just wishful thinking??
https://bitminter.com/livestats/big
Wishful thinking I am afraid, we are still a few weeks away from having test chips. (Hopefully it won't be too late to the game)
Selling 28nm chips onto the market and mining with them will be profitable for many months to come, even when the network hash rate is 10PH/S.
At this share price, we only need to hold 1% of the network to have 100% annual return from mining alone. Obviously there won't actually be 100% annual return because of rising difficulty, but we can use these "annual return snapshots" for share price valuation. For example, asicminer seems to fluctuate between 20%-50% ("annual snapshot").. if it goes higher than that then investors buy up more shares. I can share my excel spreadsheet calculations if you wish.
Remember, difficulty setting does not "know" who our competitors are and is not biased towards anyone. It's a simple number, and our chips will still be profitable under those conitions.
September 15, 2013, 01:47:28 PM
Just a friendly reminder that your brethren, the Labcoiners, are behind again! You're winning the race to the bottom -- their virtual doohickies are trading for way more than yours on burnside's game server.
Labcoin.
Really.
Oh well, you're in it for the long haul
Labcoin.
Really.
Oh well, you're in it for the long haul
September 15, 2013, 01:31:16 PM
I would be beyond shocked if that was anything other than someone trying to troll.
+1
This is the most likely case. We are in such a hole here now people are trolling us on the mining pools. (Well most of you are sitting pretty with cheap shares, I invested quite high and will probably never make it back)
September 15, 2013, 01:29:26 PM
Hmmm....someone seems to be mining at bitminter under the name "fast hash" 1.128 TH
could this be test chips or is this just wishful thinking??
https://bitminter.com/livestats/big
could this be test chips or is this just wishful thinking??
https://bitminter.com/livestats/big
I would be beyond shocked if that was anything other than someone trying to troll.
September 15, 2013, 01:26:59 PM
Hmmm....someone seems to be mining at bitminter under the name "fast hash" 1.128 TH
could this be test chips or is this just wishful thinking??
https://bitminter.com/livestats/big
could this be test chips or is this just wishful thinking??
https://bitminter.com/livestats/big
Wishful thinking I am afraid, we are still a few weeks away from having test chips. (Hopefully it won't be too late to the game)
September 15, 2013, 01:25:37 PM
Hmmm....someone seems to be mining at bitminter under the name "fast hash" 1.128 TH
could this be test chips or is this just wishful thinking??
https://bitminter.com/livestats/big
could this be test chips or is this just wishful thinking??
https://bitminter.com/livestats/big
September 15, 2013, 12:39:58 PM
So many of you are still in denial.
September 15, 2013, 11:11:34 AM
Did you guys know about these guys yet? It looks like you have another 28nm competitor. Their chips are around the same speed as ActM (rather then being giant 400-500Gh/s monsters like hashfast/cointerra)
From what I can tell, 24.756Th/s worth of vmc Fast-Hash-ONE chips costs $120,000 or $5/gh/s. For $147,000 you get 1500 of these chips, which comes out to $4.9/Gh/s.
However, the chips are supposed to have a less energy efficient "turbo mode" that will actually double the hashrate and quadruple the chip's power draw. So, if you were to run the chips in "Turbo mode" (which I'm sure everyone will until the difficulty goes insane) then the cost for raw chips is just is just $2.45/Gh/s. Less then half the cost of VMC's chips.
From what I can tell, 24.756Th/s worth of vmc Fast-Hash-ONE chips costs $120,000 or $5/gh/s. For $147,000 you get 1500 of these chips, which comes out to $4.9/Gh/s.
However, the chips are supposed to have a less energy efficient "turbo mode" that will actually double the hashrate and quadruple the chip's power draw. So, if you were to run the chips in "Turbo mode" (which I'm sure everyone will until the difficulty goes insane) then the cost for raw chips is just is just $2.45/Gh/s. Less then half the cost of VMC's chips.
Great, my Active Mining investment is about to go even further down.
September 15, 2013, 11:08:48 AM
Did you guys know about these guys yet? It looks like you have another 28nm competitor. Their chips are around the same speed as ActM (rather then being giant 400-500Gh/s monsters like hashfast/cointerra)
From what I can tell, 24.756Th/s worth of vmc Fast-Hash-ONE chips costs $120,000 or $5/gh/s. For $147,000 you get 1500 of these chips, which comes out to $4.9/Gh/s.
However, the chips are supposed to have a less energy efficient "turbo mode" that will actually double the hashrate and quadruple the chip's power draw. So, if you were to run the chips in "Turbo mode" (which I'm sure everyone will until the difficulty goes insane) then the cost for raw chips is just is just $2.45/Gh/s. Less then half the cost of VMC's chips.
From what I can tell, 24.756Th/s worth of vmc Fast-Hash-ONE chips costs $120,000 or $5/gh/s. For $147,000 you get 1500 of these chips, which comes out to $4.9/Gh/s.
However, the chips are supposed to have a less energy efficient "turbo mode" that will actually double the hashrate and quadruple the chip's power draw. So, if you were to run the chips in "Turbo mode" (which I'm sure everyone will until the difficulty goes insane) then the cost for raw chips is just is just $2.45/Gh/s. Less then half the cost of VMC's chips.
September 15, 2013, 09:58:32 AM
How low can ActM go? Do you think it is just going to continue to sink until November?
the current share price is not important unless you are thinking about cashing out or buying more.
in other words, the share price will not affect the current status of the eASIC contract and manufacturing of mining equipment because everything has already paid for.
but what short term speculators does with their shares is anyone's guess.
+1
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