Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 300. (Read 771288 times)

Inevitably no matter what was said by Ken, half of you will sinkhole into the the pit of hell while the other half will elate into the stratosphere.

In the long run it won't matter because at the end of this big game called life you're going to die.

Yes, you are all going to die anyway.

You all got your November Update now everyone go hug a loved one and get some rest, meditate, go outside and have some Sun or throw a snowball or whatever. but do yourself a favor…

go live some life.

EDIT: for fuck sake.

Ken,

What's the protocol on Crypto-trade?  Register now?  Register later? 

Ken, what a useless update. As if we were waiting for you to tell us what you think BTC exchange rate will do or as if we didnt know difficulty was going to continue exploding.

What we needed were some simple, clear facts, and you gave virtually none. You still leave everyone guessing about the status of the chips. We still have no frigging idea of the timeline. All we got is a buzzword without describing what it is. And a vague statement that implies a delay, without quantifying it and while pretending we should think thats good. Whatever the 20% boost is, its not a gamechanger, its 20%. Difficulty goes up by 20% every 1-2 weeks, so if this caused a delay thats bigger than that, it was a dumb idea.

Yes. And i cant see how a software at all should be able to raise hashrate by 20%. Maybe the previous software was poorly coded? But the chip design had to be changed?
There should be no shortcuts available in hashing. So i only can imagine they made a bad hashingsoftware better. Thats all. And for some reason the chip design had to be changed to work with the new code.


No you cant. If you create 2 types of chips you have double NRE-Costs. Mask creation and so on. So that would work only with big losses.
I tend to believe that Ken was able to judge what route would bring in the best return. I mean he for sure knows of the diffi updates all the times. So i think the change in asic design will not mean a very big delay in time. He knows he has to deliver and he cant sacrifice weeks only to gain 20%.


This is surprising to you? I would be surprised when a bitcoin asic venture would run exactly after the timeframe that was planned before.


What do you mean? Profits are profits. Getting $6000 now in Bitcoins or getting $6000 2 months later in bitcoins can make a big difference in the amount of bitcoins you get. And even when he would sell a miner for only 2 months of mining income... it still would mean you have 2 months worth of mining in a couple of days instead having to wait 2 months for it. That brings completely different opportunities.
So i dont really get your logic behind looking so bad about the selling plans. You calculated the prices and mining income for the VMC-Miner? Depending on the delivery date the buyer takes a not small risk. It can be fast at the point where it never makes the buying price back.
Selling for a good price is definitely much worth on many levels.

Don't forget the block rewards get halved again in 2017.  Mining is a losing cause in the end, especialy when big corps get involved.  The low fruit has already been gotten in the btc mining world. 

if trolls were smart they would… IntelliHush™

One possibility is to reduce voltage for some percent and then power consumption reduces by square of the amount, which means you can have chip at 50% speed but draining only 25% power. That is significant only when network percentage increases so much that the chip can not earn its consumed power. But then reduced speed chip can still work for prolonged period and keep bringing profit because it consume much less power. If they made chips that can work on very low voltages as well as nominal, and possibly have other tricks with turning on and off portions of chip that does not need heavy power it may give significant advantage and increased return of bitcoins that chip would make before its discarded as obsolete. I'm only guessing here tho.

I would also like an answer to this. If I had to guess, I'd say that the IntelliHash bonus will start at a 20% increase and as we play around with the code some more we could squeeze out some more % in increased hashrate.

Maybe we can get a few questions together tomorrow for Ken to tackle. He might be able to explain more detail or might not. Either way, I can't see us not getting regular updates now that we know the bigger picture. Maybe we can ask him to sort out a round up of progress every week?

Almost midnight in the uk, see you guys later.

I don't understand how it is possible to increase the hashing performance as time goes on. Isn't the hashing ability already hardwired into the chip? Is this intellihash software going to learn how to hash more efficiently as time moves on or something through AI? It sounds great but I don't understand. Why not just program the chip to use its full potential from the beginning?

I didn't even account for any testing time that Ken and company will need once they receive samples to confirm that the chip is operating to spec.

I really do hope you are right.

I don't believe that the process restarts, we are going into full volume production with the new chips right away (2-3 weeks if low volume chips arrived last week)

These dates and timings won't apply anymore. eASIC have had lots of time to prep for the full run, it will be super quick compared to the process as described there. Anyone agree?

EDIT - and we may have had the sample chips a month ago or more.

ignored

ahhhhhhhhhh

Let's give the benefit of the doubt... We'll say the samples for the re-engineered design get delivered the end of next week.

Low Volume soonest: 1/3/2014

Normal Volume soonest: 1/31/2014

So pretty much best case... not looking at any thing substantial until February sometime.

My objective is to encourage shareholders to see Ken for what he really is, instead of blindly following him.  Your all like a bunch of North Koreans, praising the great leader only because your money is at his mercy... I'm not trolling for the sake of trolling, I'm pointing out very reasonable things that is wrong with what's happening.

Me too.

I know it's hard to do but I think we have proved they are just out for cheap shares.
We know they wouldn't even be here otherwise - they apparently don't have/want any shares or want to sell them. If you had 50k shares which you were desperate to sell would you be making 30 posts a day saying the company is shit? It really doesn't add up.

Have a great weekend guys. Its been a good day for all of us, we are on to a winner with this one.

I hate to break it to you but given Ken's information policy in the last months, there is little chance we'll get answers to those questions, interesting as they may be. I'd say it's a given the "products" are neither drugs nor t-shirts but miners. How much we are mining with has already been calculated some pages before. For the rest, wait for the December announcement

Things sound potentially interesting, but we have no details on anything. What are these products that were shipped? Are they miners? What models and what hash rate? How much are we mining with? When will we start mining with the new (or original) chips? When are we going to get our dividends that were halted a month ago? What was the hash rate prior to this "Intellihash"? etc.

Much obliged. Eventually, if it isn't this way already, this thread will separate into two separate worlds: the troll circlejerk and the supporter circlejerk (come on guys, no use denying it, we have some cool stuff in the works and we *may* get a bit overexcited sometimes) with those in one camp having those in the other camp on ignore. I do sympathize with the casual observer who will inevitably be confused as to the completely separate conversations going on in this poor ol' thread.