Is there a described mechanism for transferring shares from BitFunder to Crypto-Stocks?
doesn't seem like that's going to happen.
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 411. (Read 771288 times)
October 31, 2013, 05:01:30 PM
doesn't seem like that's going to happen.
October 31, 2013, 04:54:57 PM
Is there a described mechanism for transferring shares from BitFunder to Crypto-Stocks?
October 31, 2013, 04:15:51 PM
+1 happy waiting. It was Kens own deadline, it's just paper work right now - we know we are well funded due to Avalon refund. We are obviously on the right path now. Making waves Ken, keep it up.
October 31, 2013, 04:01:44 PM
Nice to see us being kept informed for a change. I can see why Ken has been too busy to sort this out. Not an issue for me.
October 31, 2013, 03:59:22 PM
Due to the Klondikes showing up this week after being ordered for 5 Months and the deployment of other resources for mining, we are going to delay our
P & L and Balance sheet reports until the 15th of November.
P & L and Balance sheet reports until the 15th of November.
Thanks for informing us.
Just one question, where are we hashing right now? Is it btcguild? I have checked our mining address and it seems to keep receiving the same coins it has been receiving for weeks. Are we mining in a diferent address?
Cheers.
October 31, 2013, 03:54:25 PM
Due to the Klondikes showing up this week after being ordered for 5 Months and the deployment of other resources for mining, we are going to delay our
P & L and Balance sheet reports until the 15th of November.
P & L and Balance sheet reports until the 15th of November.
Not what I was hoping for but I'm glad you have explained your reasons for not making that self imposed deadline. It's so much better to keep us informed even if it is not what we are wanting to hear. Ta.
This is a bit cheeky... 2 weeks to sort something that was meant to happen today?
I agree, but at least we aren't all left scratching our heads aka Labcoin style.
October 31, 2013, 03:52:36 PM
Due to the Klondikes showing up this week after being ordered for 5 Months and the deployment of other resources for mining, we are going to delay our
P & L and Balance sheet reports until the 15th of November.
P & L and Balance sheet reports until the 15th of November.
Not what I was hoping for but I'm glad you have explained your reasons for not making that self imposed deadline. It's so much better to keep us informed even if it is not what we are wanting to hear. Ta.
This is a bit cheeky... 2 weeks to sort something that was meant to happen today?
October 31, 2013, 03:49:08 PM
Due to the Klondikes showing up this week after being ordered for 5 Months and the deployment of other resources for mining, we are going to delay our
P & L and Balance sheet reports until the 15th of November.
P & L and Balance sheet reports until the 15th of November.
Not what I was hoping for but I'm glad you have explained your reasons for not making that self imposed deadline. It's so much better to keep us informed even if it is not what we are wanting to hear. Ta.
October 31, 2013, 03:43:00 PM
Due to the Klondikes showing up this week after being ordered for 5 Months and the deployment of other resources for mining, we are going to delay our
P & L and Balance sheet reports until the 15th of November.
P & L and Balance sheet reports until the 15th of November.
October 31, 2013, 03:29:13 PM
This is the kind of stuff that I like to read here. So much better than FUD, arguing, and insults.
100% agree
October 31, 2013, 03:14:14 PM
This is the kind of stuff that I like to read here. So much better than FUD, arguing, and insults.
October 31, 2013, 02:57:04 PM
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
- Chip samples delivered in 9 weeks;
- Low-volume chip production starting in 12 weeks, using an e-beam process;
- Normal volume chip production starting in 16-18 weeks.
So if we set our start point as a week before September 4th (when the eASIC press release occured), we would now be in exactly week 9. If this is in fact the case, then low-volume production should happen in the third week of november and normal volume around the holiday season of december. If we're good, Santa (or whichever obese, brightly colored man breaks into YOUR home in the dead of night in the winter) might leave a little extra in our stockings (or similar footwear).
Any asic specialists want to inform the ignorant, myself included, about what kind of volumes are considered "low"? A few hundred? A thousand?
For reference, with a current network hashrate of ~4ph/s, it would take roughly 2000-2500 chips per percentage of the network. Obviously difficultly is not stagnant, and is in fact doubling a little faster than every month. With a 16ph/s network around the new year (2 doublings), each percentage of the network would require 8000-10,000 chips, or (iirc there are 2,500 chips to a standard wafer of 28nm chips), we would need a mere 40 wafers to corner 10% of the market.
After some more basic research, I'm finding that a conservative estimate for the cost of a wafer is ~$4,000. Thus 40 of them would cost $160,000 which is just about HALF of what the avalon refund was worth (~1500btc*200usd/btc = $300,000). What I'm seeing, if all of my assumptions are correct/close (which is an if I certainly wouldn't bet the farm on) is that we can order ~100 wafers using our avalon refund and pre-order funds.
100 wafers = 250,000 chips * (0.95 to account for defective chips) = 237,500 chips * 16-20gh/s = 3.8-4.75ph/s to be distributed between our own mining farm and hardware sales.
If any of the above is wrong I'd welcome corrections.
Here's what I got:
- 16gh per chip
- 256 gh/s per board
- 16 chips per board
40,000 (1%TNH@4PH) / 256 = 156.25 (boards needed at 4PHTNH)
156.25 * 16 = 2500 chips. So, yep. Checks out. The question now is, "How many can we afford?"
$1.5 million worth
October 31, 2013, 02:49:28 PM
Seems like a good time to start speculating on Active Mining's total deployed hash rate will be on Christmas Day - I'm shooting for 1PH
We really should be aiming for 1 PH to stay relevant (even though it seems extreme)
1ph mining/sales that'll give about 15-20% of network by end of year
not it wouldnt
my bad................ 10-15% heh
October 31, 2013, 02:47:28 PM
Seems like a good time to start speculating on Active Mining's total deployed hash rate will be on Christmas Day - I'm shooting for 1PH
We really should be aiming for 1 PH to stay relevant (even though it seems extreme)
1ph mining/sales that'll give about 15-20% of network by end of year
not it wouldnt
October 31, 2013, 02:42:17 PM
That is only correct if network hashrate increases by 50% in the next 2 months, highly unlikely.
The hashrate by Jan 1st will be >8PH
October 31, 2013, 02:36:35 PM
Seems like a good time to start speculating on Active Mining's total deployed hash rate will be on Christmas Day - I'm shooting for 1PH
We really should be aiming for 1 PH to stay relevant (even though it seems extreme)
1ph mining/sales that'll give about 15-20% of network by end of year
That is only correct if network hashrate increases by 50% in the next 2 months, highly unlikely. 1 ph/s in december would give us closer to 5% of the network, which is still a very good thing (5% of 3600btc/day*7days = 0.000126btc/share/week) or 12-15% WEEKLY return at these prices until the original 0.0025btc/share are paid off)
October 31, 2013, 02:31:54 PM
Seems like a good time to start speculating on Active Mining's total deployed hash rate will be on Christmas Day - I'm shooting for 1PH
We really should be aiming for 1 PH to stay relevant (even though it seems extreme)
1ph mining/sales that'll give about 15-20% of network by end of year
October 31, 2013, 02:30:37 PM
Seems like a good time to start speculating on Active Mining's total deployed hash rate will be on Christmas Day - I'm shooting for 1PH
We really should be aiming for 1 PH to stay relevant (even though it seems extreme)
October 31, 2013, 02:03:54 PM
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
- Chip samples delivered in 9 weeks;
- Low-volume chip production starting in 12 weeks, using an e-beam process;
- Normal volume chip production starting in 16-18 weeks.
So if we set our start point as a week before September 4th (when the eASIC press release occured), we would now be in exactly week 9. If this is in fact the case, then low-volume production should happen in the third week of november and normal volume around the holiday season of december. If we're good, Santa (or whichever obese, brightly colored man breaks into YOUR home in the dead of night in the winter) might leave a little extra in our stockings (or similar footwear).
Any asic specialists want to inform the ignorant, myself included, about what kind of volumes are considered "low"? A few hundred? A thousand?
For reference, with a current network hashrate of ~4ph/s, it would take roughly 2000-2500 chips per percentage of the network. Obviously difficultly is not stagnant, and is in fact doubling a little faster than every month. With a 16ph/s network around the new year (2 doublings), each percentage of the network would require 8000-10,000 chips, or (iirc there are 2,500 chips to a standard wafer of 28nm chips), we would need a mere 40 wafers to corner 10% of the market.
After some more basic research, I'm finding that a conservative estimate for the cost of a wafer is ~$4,000. Thus 40 of them would cost $160,000 which is just about HALF of what the avalon refund was worth (~1500btc*200usd/btc = $300,000). What I'm seeing, if all of my assumptions are correct/close (which is an if I certainly wouldn't bet the farm on) is that we can order ~100 wafers using our avalon refund and pre-order funds.
100 wafers = 250,000 chips * (0.95 to account for defective chips) = 237,500 chips * 16-20gh/s = 3.8-4.75ph/s to be distributed between our own mining farm and hardware sales.
If any of the above is wrong I'd welcome corrections.
Here's what I got:
- 16gh per chip
- 256 gh/s per board
- 16 chips per board
40,000 (1%TNH@4PH) / 256 = 156.25 (boards needed at 4PHTNH)
156.25 * 16 = 2500 chips. So, yep. Checks out. The question now is, "How many can we afford?"
October 31, 2013, 02:01:55 PM
Seems like a good time to start speculating on Active Mining's total deployed hash rate will be on Christmas Day - I'm shooting for 1PH
Does deployed mean in total (hardware sales + farm) or just farm? If in total, I would still consider that to be a bit on the high side (my own estimate based mostly on guesswork is around 500th/s) as normal volume processing would have only just begun.
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