Are we selling these 55nm chips or are they just for us to mine with?
We do both, we sale hardware and we mine.
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 109. (Read 771512 times)
January 21, 2014, 06:12:58 PM
We do both, we sale hardware and we mine.
January 21, 2014, 06:12:34 PM
This sounds promising, thanks Ken.
Very interested to see what the out-of-the-gate price of the shares in light of this news.
Very interested to see what the out-of-the-gate price of the shares in light of this news.
January 21, 2014, 06:12:00 PM
the tape-out of their 55 nm UMC Bitcoin Mining ASIC.
Let's just hope this chip is at least somewhat competitive with the 28nm ASICs and the transfer to the 28nm process goes real fast. If one of those fails, I see no chance of AM ever making a profit.Also: AM acquires the UMC intellectual property - so do we have to pay millions or are those two guys new share holders and will this dilute the existing shares?
We can't dilute the shares. There are only 10,000,000 shares outstanding and those only receive dividends.
Yeah exactly, he might have had to pay something (Can't wait to see a Balance sheet, though I expect that to be a ways off). But diluting shares would have broke the contract he made with shareholders, unless he gave them some of his shares out of the 15Mil he has, or his personal shares.
Thank you for the update Ken. It's good to hear some news with numbers in it, good or bad. +1
January 21, 2014, 06:10:44 PM
Are we selling these 55nm chips or are they just for us to mine with?
January 21, 2014, 06:09:21 PM
the tape-out of their 55 nm UMC Bitcoin Mining ASIC.
Let's just hope this chip is at least somewhat competitive with the 28nm ASICs and the transfer to the 28nm process goes real fast. If one of those fails, I see no chance of AM ever making a profit.Also: AM acquires the UMC intellectual property - so do we have to pay millions or are those two guys new share holders and will this dilute the existing shares?
We can't dilute the shares. There are only 10,000,000 shares outstanding and those only receive dividends.
January 21, 2014, 06:08:58 PM
UMC is the FAB for the 55 nm.
http://www.umc.com/english/process/c.asp
Global offices
Taiwan (HQ), U.S., China, Europe, Singapore, Japan and Korea
Fab operations
Taiwan, Singapore and China
Number of Employees
Over 15,000 Worldwide
Stock Listing
NYSE.: UMC
TWSE.:2303
January 21, 2014, 06:06:14 PM
the tape-out of their 55 nm UMC Bitcoin Mining ASIC.
Let's just hope this chip is at least somewhat competitive with the 28nm ASICs and the transfer to the 28nm process goes real fast. If one of those fails, I see no chance of AM ever making a profit.Also: AM acquires the UMC intellectual property - so do we have to pay millions or are those two guys new share holders and will this dilute the existing shares?
January 21, 2014, 06:06:09 PM
Thank you for the update Ken. Can you be a little more detailed and specific in regards to what is going on. What is UMC? Did you mean to type VMC? Do we own the IP to the 55nm chips? Do you have details in regards to the chips? So we will have both 55nm chips as well as 28nm soon after? Please keep us posted. Thanks.
Yes, we purchased the IP which we will also use in our custom 28 nm. UMC is the FAB for the 55 nm.
11mm x 11m package, 1.9 GH/s, 2.5 Watts.
January 21, 2014, 06:04:54 PM
I quit reading these threads daily about a week ago, one problem, every few days I have to read through pages of baffle-gab and dis-information. I will say one thing for the trolls here. You are doing a pretty good job of making my head spin. When I finally come across a post that appears to not actually be FUD, troll, or outright BS, I have to read it out loud a few times, step away from the computer, think about it, then file it under "possibly, maybe...might have a sliver of truth somewhere..."
what did you guys do for fun before bitcoin? crank phone calls? ring people's doorbells and run away?
EDIT: thanks for the update Ken, I feel for you, reading the insults, slander and speculation in these threads, that can't feel good. Hang in there man, some of us are behind you, regardless of the shit-storm that may overwhelm at times.
what did you guys do for fun before bitcoin? crank phone calls? ring people's doorbells and run away?
EDIT: thanks for the update Ken, I feel for you, reading the insults, slander and speculation in these threads, that can't feel good. Hang in there man, some of us are behind you, regardless of the shit-storm that may overwhelm at times.
January 21, 2014, 06:03:57 PM
Thank you for the update Ken. Can you be a little more detailed and specific in regards to what is going on. What is UMC? Did you mean to type VMC? We own all the IP to the 55nm chips? Do you have details in regards to the chips? How soon we will start shipping miners and how fast will we be able to start our mining farm? We will have both 55nm chips as well as 28nm soon after? Please keep us posted. Thanks.
January 21, 2014, 06:03:36 PM
PRESS RELEASE
Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC. The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.
Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC. Delivery of chips is expected in Q2/2014. Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm. EASIC's 28 nm development has been upgraded to a full custom 28 nm.
Soo.. Q2/2014. Guess AM will beat us to the market? Thank you for the Press Release.
A couple questions/concerns.
Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC. The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.
Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC. Delivery of chips is expected in Q2/2014. Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm. EASIC's 28 nm development has been upgraded to a full custom 28 nm.
Soo.. Q2/2014. Guess AM will beat us to the market? Thank you for the Press Release.
A couple questions/concerns.
- Does this count as the wednesday update? Or an we expect some information about CT operations, So 55nm Asic will be our first batch and then starting at Q2 onwards we will start working on a 28nm Asic? Or are we turning a 55nm Asic into a 28nm Asic? Can someone explain this in more laymanish terms.
- At the point of Tapeout is it expected to know what the Gh/Power Consumption will be? Can we expect Ken to know this right now?
- I'm not sure if this is good news or bad. I call on Kleeck to help me understand this.
11mm X 11m package, 1.9 GH/s and 2.5 watts.
January 21, 2014, 06:02:25 PM
Ken when you say the eASIC chip is going full custom do you mean we will be using the easicopy process?
No, it will be a full custom just like the other ASIC manufactures.
January 21, 2014, 06:00:00 PM
Ken when you say the eASIC chip is going full custom do you mean we will be using the easicopy process?
January 21, 2014, 05:58:37 PM
EASIC's 28 nm development has been upgraded to a full custom 28 nm.
PARTY TIME!!!!
PARTY TIME!!!!
Get paid before you play. Not party time yet my friend.
January 21, 2014, 05:55:11 PM
January 21, 2014, 05:51:11 PM
EASIC's 28 nm development has been upgraded to a full custom 28 nm.
PARTY TIME!!!!
PARTY TIME!!!!
January 21, 2014, 05:50:15 PM
Nice early update!
https://bitcointalksearch.org/topic/m.4652211
Quote
PRESS RELEASE
Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC. The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.
Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC. Delivery of chips is expected in Q2/2014. Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm. EASIC's 28 nm development has been upgraded to a full custom 28 nm.
Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC. The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.
Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC. Delivery of chips is expected in Q2/2014. Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm. EASIC's 28 nm development has been upgraded to a full custom 28 nm.
https://bitcointalksearch.org/topic/m.4652211
Lol, Ken teams up with a "stealth startup" to put out a 55nm ASIC in Q2? Can shit get any lulzier?
January 21, 2014, 05:43:37 PM
PRESS RELEASE
Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC. The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.
Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC. Delivery of chips is expected in Q2/2014. Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm. EASIC's 28 nm development has been upgraded to a full custom 28 nm.
Soo.. Q2/2014. Guess AM will beat us to the market? Thank you for the Press Release.
A couple questions/concerns.
Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC. The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.
Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC. Delivery of chips is expected in Q2/2014. Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm. EASIC's 28 nm development has been upgraded to a full custom 28 nm.
Soo.. Q2/2014. Guess AM will beat us to the market? Thank you for the Press Release.
A couple questions/concerns.
- Does this count as the wednesday update? Or an we expect some information about CT operations, So 55nm Asic will be our first batch and then starting at Q2 onwards we will start working on a 28nm Asic? Or are we turning a 55nm Asic into a 28nm Asic? Can someone explain this in more laymanish terms.
- At the point of Tapeout is it expected to know what the Gh/Power Consumption will be? Can we expect Ken to know this right now?
- I'm not sure if this is good news or bad. I call on Kleeck to help me understand this.
January 21, 2014, 05:42:33 PM
Nice early update!
https://bitcointalksearch.org/topic/m.4652211
Quote
PRESS RELEASE
Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC. The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.
Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC. Delivery of chips is expected in Q2/2014. Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm. EASIC's 28 nm development has been upgraded to a full custom 28 nm.
Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC. The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.
Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC. Delivery of chips is expected in Q2/2014. Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm. EASIC's 28 nm development has been upgraded to a full custom 28 nm.
https://bitcointalksearch.org/topic/m.4652211
January 21, 2014, 04:58:11 PM
Americans do see opportunities where others see none.
Where others saw nothing but ignorance and greed, Ken spotted free money for himself and his kinfolk.
Where others saw nothing but ignorance and greed, Ken spotted free money for himself and his kinfolk.
Look VE or crumbs or whatever sock puppet you are, could you just GTFO? You are not influencing anyone.
Jump to: