My earlier post got deleted from this self-moderated thread somehow, let's see if this gets deleted too. Ken, you owe us an answer.
Can I ask again about those millions of dollars we have in preorders? Are we still holding the money? Are the customers all cool with it?
Also, are our own miners included in the figure for preorders? I'm a bit uncertain on how a virtual entity representing both itself and its profits works when the company owning the virtual entity is based in Belize and the virtual entity is doing business in the United States of America. Would the virtual entity preorder miners from its and its profits' owner?
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 32. (Read 771276 times)
February 05, 2014, 10:23:39 PM
February 05, 2014, 09:55:34 PM
Weekly Update 2/5/2013
This last week has been very busy with our Project manager and engineers working with eASIC on our 28nm custom chip. We have receive the first results back and the chip is expected to run at 30 GH/s, we are working on improving this number. Also, we have received the quote on our PCIe board and our project manager and engineers are meeting with eASIC and our board engineers this week to keep our project on track. We are also meeting with UMC to finalize our account setup. We are also thinking about going to a 20nm custom chip and skipping the 28nm, if we can get it produced fast enough.
totally meaningless drivel. switching processes increases risk and cost, and changes some of the fundamentals of electronics engineering.
to say 30GH on a chip is also meaningless. KNC, Cointerra, Hashfast all created big-die chips that are capable of 10x that per chip, but use less chips. The important number is how many GH in how small a space
That's why it's kind of laughable how much real estate ActiveMining needs for 10TH/s at the moment. KNC's Neptune will run 3TH/s out of 2.6 cubic feet, rounded up slightly.
I can't be the only person that started scratching my head when it's announced that 10.488TH/s takes up 2 42u racks according to Ken. I know each of my racks takes up between 45-50 cubic feet depending on which rack we're talking about. I have 2 empty racks at the moment but why would I fill them up with 10.488TH/s when I can just buy three Neptunes that I could literally put on my desk?
Regardless, all this information is useless until there's less mindless announcement being spouted out and real chips being produced with real world figures.
February 05, 2014, 08:08:10 PM
28nm chip running at 30GH/s? 
Is it just me or is that a little uncompetitive now, let alone in Q3/Q4 when we will get our hands on it....?
Who designed this chip? Can't we run more hashing cores in parallel? KnC managed to get 150+GH/s out of their chips back in October 2013
Screw going down to 20nm - i think you should sort out the RTL code on the 28nm chip before you do anything else!
Is it just me or is that a little uncompetitive now, let alone in Q3/Q4 when we will get our hands on it....?
Who designed this chip? Can't we run more hashing cores in parallel? KnC managed to get 150+GH/s out of their chips back in October 2013
Screw going down to 20nm - i think you should sort out the RTL code on the 28nm chip before you do anything else!
KnC is using 4 dies in one package, so our chip is very close to what they have done. Our chip with 4 dies would be 120 GH/s. We are working on increasing the number of cores.
February 05, 2014, 07:47:55 PM
Weekly Update 2/5/2013
This last week has been very busy with our Project manager and engineers working with eASIC on our 28nm custom chip. We have receive the first results back and the chip is expected to run at 30 GH/s, we are working on improving this number. Also, we have received the quote on our PCIe board and our project manager and engineers are meeting with eASIC and our board engineers this week to keep our project on track. We are also meeting with UMC to finalize our account setup. We are also thinking about going to a 20nm custom chip and skipping the 28nm, if we can get it produced fast enough.
totally meaningless drivel. switching processes increases risk and cost, and changes some of the fundamentals of electronics engineering.
to say 30GH on a chip is also meaningless. KNC, Cointerra, Hashfast all created big-die chips that are capable of 10x that per chip, but use less chips. The important number is how many GH in how small a space
February 05, 2014, 07:45:19 PM
...
At this time, we don't have a projection on the boards power; however, the chips consume >98% of the power.
...
Quote
6. your projection shows essentially 1.7MW of power usage for those chips. that takes into account the chip power usage only. what are the additional projected power needs for all the other equipment?
At this time, we don't have a projection on the boards power; however, the chips consume >98% of the power.
...
BULLSHIT. Power supplies have a 10-20% loss, and cooling is usually calculated at about 40% of the power usage. 1.7MW of chips will actually draw closer to 2.5MW
February 05, 2014, 07:43:42 PM
...
At this time, we don't have a projection on the boards power; however, the chips consume >98% of the power.
...
Quote
6. your projection shows essentially 1.7MW of power usage for those chips. that takes into account the chip power usage only. what are the additional projected power needs for all the other equipment?
At this time, we don't have a projection on the boards power; however, the chips consume >98% of the power.
...
No doubt thanks to Intellihash(tm) And this, folks, is your EE
IntelliVRM(tm) efficiency >98% !1!!!1!
I would be fascinated to see these greater than 98% efficient voltage regulators Ken has found. Not to mention the capacitors with zero impedance at high clock rates, zero power USB and I/O controllers, superconducting board materials,...
Seriously guys I take everything back. With technology like this it's a wonder Apple hasn't bought the company out.
February 05, 2014, 07:40:58 PM
28nm chip running at 30GH/s?
Is it just me or is that a little uncompetitive now, let alone in Q3/Q4 when we will get our hands on it....?
Who designed this chip? Can't we run more hashing cores in parallel? KnC managed to get 150+GH/s out of their chips back in October 2013
Screw going down to 20nm - i think you should sort out the RTL code on the 28nm chip before you do anything else!
Is it just me or is that a little uncompetitive now, let alone in Q3/Q4 when we will get our hands on it....?
Who designed this chip? Can't we run more hashing cores in parallel? KnC managed to get 150+GH/s out of their chips back in October 2013
Screw going down to 20nm - i think you should sort out the RTL code on the 28nm chip before you do anything else!
KnC is using 4 dies in one package, so our chip is very close to what they have done. Our chip with 4 dies would be 120 GH/s. We are working on increasing the number of cores.
February 05, 2014, 07:39:30 PM
28nm chip running at 30GH/s?
Is it just me or is that a little uncompetitive now, let alone in Q3/Q4 when we will get our hands on it....?
Who designed this chip? Can't we run more hashing cores in parallel? KnC managed to get 150+GH/s out of their chips back in October 2013
Screw going down to 20nm - i think you should sort out the RTL code on the 28nm chip before you do anything else!
Is it just me or is that a little uncompetitive now, let alone in Q3/Q4 when we will get our hands on it....?
Who designed this chip? Can't we run more hashing cores in parallel? KnC managed to get 150+GH/s out of their chips back in October 2013
Screw going down to 20nm - i think you should sort out the RTL code on the 28nm chip before you do anything else!
Depends 100% on the targeted die size. Remember Ken's always gone for the smaller chips and put more on board or in package.
February 05, 2014, 07:32:38 PM
28nm chip running at 30GH/s?
Is it just me or is that a little uncompetitive now, let alone in Q3/Q4 when we will get our hands on it....?
Who designed this chip? Can't we run more hashing cores in parallel? KnC managed to get 150+GH/s out of their chips back in October 2013
Screw going down to 20nm - i think you should sort out the RTL code on the 28nm chip before you do anything else!
Is it just me or is that a little uncompetitive now, let alone in Q3/Q4 when we will get our hands on it....?
Who designed this chip? Can't we run more hashing cores in parallel? KnC managed to get 150+GH/s out of their chips back in October 2013
Screw going down to 20nm - i think you should sort out the RTL code on the 28nm chip before you do anything else!
February 05, 2014, 07:30:29 PM
Working as fast as I can on Crypto-Trade verification, we have a lot of moving parts in our business which is taking a lot of my time, but I do want to get all shareholders shares verified and moved to CT ASAP.
Ken, I truly believe that you are busy with putting all the pieces together but you have been saying ASAP for the verification process for a while now. Is it really such a grueling process? What does it entail on your part?
February 05, 2014, 07:28:33 PM
...
At this time, we don't have a projection on the boards power; however, the chips consume >98% of the power.
...
Quote
6. your projection shows essentially 1.7MW of power usage for those chips. that takes into account the chip power usage only. what are the additional projected power needs for all the other equipment?
At this time, we don't have a projection on the boards power; however, the chips consume >98% of the power.
...
No doubt thanks to Intellihash(tm) And this, folks, is your EE
IntelliVRM(tm) efficiency >98% !1!!!1!
February 05, 2014, 07:21:43 PM
Weekly Update 2/5/2014
This last week has been very busy with our Project manager and engineers working with eASIC on our 28nm custom chip. We have receive the first results back and the chip is expected to run at 30 GH/s, we are working on improving this number. Also, we have received the quote on our PCIe board and our project manager and engineers are meeting with eASIC and our board engineers this week to keep our project on track. We are also meeting with UMC to finalize our account setup. We are also thinking about going to a 20nm custom chip and skipping the 28nm, if we can get it produced fast enough.
We will do a combination of sales and mining; however, it seems that mining in a place where the cost are low will give us the best return.
An estimate of all of the cost.
With this amount of hashing we will be solo mining. No we don't have it setup at this time.
We will start getting our chips in the middle of April, so the deployment would be from April to June. I think the May projection is realistic, as I think the mining.thegenesisblock.com is about a month to conservitive.
We have added to the chip cost an estimate for all the cost above. As we get closer to the April rollout we will have a better idea of the total cost and we will provide an update on those cost.
At this time, we don't have a projection on the boards power; however, the chips consume >98% of the power.
Well, I think the projection is realistic, bitcoin went up 61X last year and I am only giving it a 10% per month raise. Go ahead and run your own projections.
Working as fast as I can on Crypto-Trade verification, we have a lot of moving parts in our business which is taking a lot of my time, but I do want to get all shareholders shares verified and moved to CT ASAP.
This last week has been very busy with our Project manager and engineers working with eASIC on our 28nm custom chip. We have receive the first results back and the chip is expected to run at 30 GH/s, we are working on improving this number. Also, we have received the quote on our PCIe board and our project manager and engineers are meeting with eASIC and our board engineers this week to keep our project on track. We are also meeting with UMC to finalize our account setup. We are also thinking about going to a 20nm custom chip and skipping the 28nm, if we can get it produced fast enough.
Quote
Ken - a few questions
1. does this projection mean that you will only be mining with the 55nm chips and not be selling them?
1a. seems like selling the chips directly provides a quicker and larger return, and if that return is then turned into more chips... (you see where I am going with this)
1. does this projection mean that you will only be mining with the 55nm chips and not be selling them?
1a. seems like selling the chips directly provides a quicker and larger return, and if that return is then turned into more chips... (you see where I am going with this)
We will do a combination of sales and mining; however, it seems that mining in a place where the cost are low will give us the best return.
Quote
2. you have the hardware costs at $1,338,000. does this include boards, assembly, installation, etc (basically all the costs for producing a working miner), or just chips?
An estimate of all of the cost.
Quote
3. can we assume that you would be mining in a pool, or are there plans to solo mine?
3a. if you are going to solo mine, do you already have software/server/etc setup to be able to do this?
3a. if you are going to solo mine, do you already have software/server/etc setup to be able to do this?
With this amount of hashing we will be solo mining. No we don't have it setup at this time.
Quote
4. you set the projection to start on May 1, 2014 for 1.292 PH. do you expect to have all the chips, boards, facility, etc up and running at the beginning of May 2014 for everything? Would June 2014 be "more" realistic date, or does it need to be pushed out further than that?
We will start getting our chips in the middle of April, so the deployment would be from April to June. I think the May projection is realistic, as I think the mining.thegenesisblock.com is about a month to conservitive.
Quote
5. you have the electricity cost in as $0.022. What are the other costs involved (initial startup costs, the monthly data center rental, etc)?
We have added to the chip cost an estimate for all the cost above. As we get closer to the April rollout we will have a better idea of the total cost and we will provide an update on those cost.
Quote
6. your projection shows essentially 1.7MW of power usage for those chips. that takes into account the chip power usage only. what are the additional projected power needs for all the other equipment?
At this time, we don't have a projection on the boards power; however, the chips consume >98% of the power.
Quote
7. not really a question - you left bitcoin price at 958 and the price rise at 10% monthly. I personally think that the numbers should reflect the current market and assume no change in BTC price. or have multiple "realities" were you run projections on $500 BTC, current price of BTC, and some higher priced BTC.
thanks.
thanks.
Well, I think the projection is realistic, bitcoin went up 61X last year and I am only giving it a 10% per month raise. Go ahead and run your own projections.
Working as fast as I can on Crypto-Trade verification, we have a lot of moving parts in our business which is taking a lot of my time, but I do want to get all shareholders shares verified and moved to CT ASAP.
February 05, 2014, 06:55:24 PM
Anyone know the total value and number of shares sold so far, or is it too hard to differentiate between kens sell orders and other buyers?
CT gives metrics on their securities portal @ https://crypto-trade.com/tradex/ipo . 30 day volume is 67 XBT. A small fraction of that is from people who made quick flips, but the bulk of it is from direct purchase of Ukyo's shares from Ken.
February 05, 2014, 06:49:36 PM
Anyone know the total value and number of shares sold so far, or is it too hard to differentiate between kens sell orders and other buyers?
February 05, 2014, 06:24:34 PM
my mistake, sorry for confusion
February 05, 2014, 06:12:20 PM
...
Ken, why not do the honorable thing and let us trade?
Ken, why not do the honorable thing and let us trade?
Because there are still a few stray bids coming in?
February 05, 2014, 05:59:56 PM
Are we still being held back from trading?
Yes!
Ken, why not do the honorable thing and let us trade?
Yes!
Ken, why not do the honorable thing and let us trade?
February 05, 2014, 05:48:14 PM
have transfers to crypto-trade ended? i completed a form on VMC's site a while ago but still havent recieved my shares. sent an email to [email protected] also
Virtual Mining has nothing to do with the shares.
VirtualMining is that news source on Cryptostocks right? Ken you should be a little more explicit as this statement will confuse many.
Virtual Mining is a manufacture of Bitcoin Mining Machines, Active Mining Corporation (Belize) is the company that has issued AMC on Crypto-Trade.
Ahh ok I was referring to this company. https://cryptostocks.com/securities/62 That also has the domain www.virtualmining.com
February 05, 2014, 05:46:25 PM
have transfers to crypto-trade ended? i completed a form on VMC's site a while ago but still havent recieved my shares. sent an email to [email protected] also
Virtual Mining has nothing to do with the shares.
VirtualMining is that news source on Cryptostocks right? Ken you should be a little more explicit as this statement will confuse many.
Virtual Mining is a manufacture of Bitcoin Mining Machines, Active Mining Corporation (Belize) is the company that has issued AMC on Crypto-Trade.
February 05, 2014, 05:41:34 PM
have transfers to crypto-trade ended? i completed a form on VMC's site a while ago but still havent recieved my shares. sent an email to [email protected] also
Virtual Mining has nothing to do with the shares.
VirtualMining is that news source on Cryptostocks right? Ken you should be a little more explicit as this statement will confuse many.
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