The news has been public for an hour and 15 minutes and your selling? 
Are you new to bitcoin? I am absolutely serious.
Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 72. (Read 479317 times)
September 04, 2013, 05:48:45 PM
Are you new to bitcoin? I am absolutely serious.
September 04, 2013, 05:47:10 PM
Link to official Press Release: http://virtualminingcorp.com/pr130904.pdf
Quote
VMC uses eASIC to Achieve 24.756 TH/s Bitcoin Miner
VMC develops custom ASIC using eASIC 28nm Nextreme-3 device to significantly increase performance
while reducing power consumption
Santa Clara, CA and Springfield, MO – September 4, 2013 – eASIC Corporation, a
leading provider of NEW ASIC devices and Virtual Mining Corporation (VMC) today announced
that VMC will use eASICs 28nm Nextreme-3 devices to create a series of scalable Bitcoin
mining machines capable of generating up to 24.756 TH/s (tera hashes per second) of
cryptographic hashes.
“The fast design and turnaround time of Nexteme-3 28nm single via configuration ASIC devices
coupled with the impressive performance and low power makes this an ideal solution for our
Fast-Hash-One Bitcoin Mining Machines,” said Kenneth E. Slaughter, CEO of VMC. “The
performance we have seen from the 28nm Nextreme-3 family has allowed us to develop a
scalable platform that provides the computing power to satisfy the most demanding Bitcoin
Mining cryptography problem.” added Slaughter.
“VMC has used its vast cryptographic algorithm experience to take full advantage of the
advanced performance and power reduction features in our Nextreme-3 28nm architecture,”
said Jasbinder Bhoot, VP of Marketing at eASIC. “This has allowed VMC to architect the
highest performing Bitcoin mining hardware in the industry, while reducing overall power
consumption,” added Bhoot.
while reducing power consumption
Santa Clara, CA and Springfield, MO – September 4, 2013 – eASIC Corporation, a
leading provider of NEW ASIC devices and Virtual Mining Corporation (VMC) today announced
that VMC will use eASICs 28nm Nextreme-3 devices to create a series of scalable Bitcoin
mining machines capable of generating up to 24.756 TH/s (tera hashes per second) of
cryptographic hashes.
“The fast design and turnaround time of Nexteme-3 28nm single via configuration ASIC devices
coupled with the impressive performance and low power makes this an ideal solution for our
Fast-Hash-One Bitcoin Mining Machines,” said Kenneth E. Slaughter, CEO of VMC. “The
performance we have seen from the 28nm Nextreme-3 family has allowed us to develop a
scalable platform that provides the computing power to satisfy the most demanding Bitcoin
Mining cryptography problem.” added Slaughter.
“VMC has used its vast cryptographic algorithm experience to take full advantage of the
advanced performance and power reduction features in our Nextreme-3 28nm architecture,”
said Jasbinder Bhoot, VP of Marketing at eASIC. “This has allowed VMC to architect the
highest performing Bitcoin mining hardware in the industry, while reducing overall power
consumption,” added Bhoot.
September 04, 2013, 05:46:47 PM
If you're not selling, you're losing.
The news has been public for an hour and 15 minutes and your selling?
September 04, 2013, 05:41:46 PM
If you're not selling, you're losing.
September 04, 2013, 05:41:25 PM
September 04, 2013, 05:40:06 PM
Sold the shares I got. 65% profit in 20 minutes. Pretty good.
Good for you mate! I'm personally holding for a bit longer. I think that we might see .008 - .009.
We'll see - Right now the ask/bid spread is crazy. And it's only 50BTC down to 0.00475, and 215 BTC up to 0.008.
Nice play. I did the same thing - saw the volume spike and immediately jumped in. Hanging on for 0.008.
I'm kinda breaking my rules about technical trading but I was a first mover and I know a panic when I see one.
September 04, 2013, 05:39:36 PM
You guys ready to sell ? 
September 04, 2013, 05:31:09 PM
Sold the shares I got. 65% profit in 20 minutes. Pretty good.
Good for you mate! I'm personally holding for a bit longer. I think that we might see .008 - .009.
We'll see - Right now the ask/bid spread is crazy. And it's only 50BTC down to 0.00475, and 215 BTC up to 0.008.
September 04, 2013, 05:29:10 PM
My projections of 0.02-0.04 still stand. We wont see it till mid-late October though. This news will likely push us to a peak of 0.014ish where it will stagnate/slightly decline to the 0.0075-0.01 range until, as mentioned earlier, mid-late October.
Here's to hoping that you are right.
September 04, 2013, 05:27:34 PM
My projections of 0.02-0.04 still stand. We wont see it till mid-late October though. This news will likely push us to a peak of 0.014ish where it will stagnate/slightly decline to the 0.0075-0.01 range until, as mentioned earlier, mid-late October.
September 04, 2013, 05:27:05 PM
Sold the shares I got. 65% profit in 20 minutes. Pretty good.
Flipping between LC and ActM has been an insanely profitable strategy so far. For me it's been ActM -> LC -> ActM -> LC and I plan on flipping back to ActM in November, then maybe back to LC for the 65 nm launch, then back to ActM when they're mass producing.
September 04, 2013, 05:24:20 PM
Sold the shares I got. 65% profit in 20 minutes. Pretty good.
Good for you mate! I'm personally holding for a bit longer. I think that we might see .008 - .009.
September 04, 2013, 05:23:48 PM
Sold the shares I got. 65% profit in 20 minutes. Pretty good.
Did the exact same thing. 0.0039 -> 0.0066 in 20min
September 04, 2013, 05:20:48 PM
Sold the shares I got. 65% profit in 20 minutes. Pretty good.
September 04, 2013, 05:15:48 PM
Where are the trolls now? In a feeding frenzy?
I'm not sure if you'd call me a troll, but I bought some of this stock after the press release and so far I've made a 57% profit.
It's stupid to get emotionally attached to these stocks. If new information comes out you change your assessment.
Never considered you a troll, read all your comments you had good arguments. Cheers.
September 04, 2013, 05:15:20 PM
eASIC press release:
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly.
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly.
Houston, we have ignition.
Still going to have to wait till November to get the new ASICS mining and paying divs. Don't get your hopes up too much.
Youve been saying the price will stagnate until November, look how quick it recovered. Just admit you were wrong.
Of course I was wrong. This is just a bubble though based on the news. Like I said, there's still no chips till November so the price will fall back down, sharply once LC start mining and paying divs.
Even I sold all my LC stock and bought ActM, then just flipped them. I just bought back into LC and now have way more shares.
I couldn't be more happy about the price increase, I still think it'll fall though, then stagnate, as people start realising that this news is pretty irrelevant. September 04, 2013, 05:11:11 PM
Where are the trolls now? In a feeding frenzy?
I'm not sure if you'd call me a troll, but I bought some of this stock after the press release and so far I've made a 57% profit.
It's stupid to get emotionally attached to these stocks. If new information comes out you change your assessment.
September 04, 2013, 05:08:28 PM
Yes I'm bumping my comment.
There should be a link on the VMC website(very ugly) to the BTCT Security.
The eASIC announcement might attract new investors to the company if they knew VMC had already IPO'd
The eASIC announcement might attract new investors to the company if they knew VMC had already IPO'd
September 04, 2013, 05:06:36 PM
Where are the trolls now? In a feeding frenzy?
September 04, 2013, 04:59:29 PM
Was almost nervous for a couple hours after building up my position during the short-lived drop in share prices. Now to light a cigar and continue my well deserved doing nothing.
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