Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 412. (Read 771302 times)

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

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.

Financial report?

i CAN confirm that i received this from Ken in a PM.  assume what you want to assume from this reply.  cheerleaders will cheer it as proof that it's eAsic chips that he cant talk about cause of NDA, trolls will say he's being ambiguous cause he hiding the truth about buying from other companies, and i say that it gives us no real info either way.  it's just Ken's classic communication.

This is absolutely correct, I'm actually excited because soon we will know, for better or worse, the legitimacy of this operation (as per my posting history, I have nearly always been on the side leaning towards legitimacy"). Certainly going to be an exciting couple of weeks/months!

I'm not going to argue one way or another, this has and seemingly always will be a waiting game.

Everyone KNEW about the Avalon Chip orders, the price of BTC was going up, to get a full refund in BTC was the only move that made sense.

Using that refund to buy CEX.IO shares would buy some time is all I'm implying (Which may or may not be true).

If Ken wanted to appease shareholders with meaningless amounts of hash power, then he would have never had the Avalon chips refunded.

Well that means we enter scam territory for the first time, I hope that is not the case.

Prototypes are meant to be here now or last week. If we have to wait another 3 weeks for sample/prototype chips it means eASIC has failed and the stock is worth zero.

EDIT: I do not think that Ken is doing anything of the sort, if he was going to do this he would have started ages ago. I actually think these are the prototype chips coming online but yeah, I could easily be wrong. I suppose what I am trying to say is I need these to be from eASIC for my sanity!

Well that would mean ken received ~150-200 Prototype chips. (16-20GH/Chip)

Maybe someone more well versed in the ASIC industry can elude to what the usual amount of "Chip Samples" are.

I'm still unconvinced that these are eASIC chips being received and not some backdoor bitfury deal to appease the shareholders for a tad longer.

I guess we'll know in Three Weeks™

What did I say earlier?  The Old money will start coming back to ActM once there are significant developments.

Ok ok. But what about the financial report? Ken was very clear it would be released at the end of October.

Ken can not  say anything about the eASIC chips. This Klondike announcement was cleverly timed to make the implication of prototypes while maintaining the NDA. The future is bright.

The cliff notes version of this thread:

An announcement

Initial excitement followed by lots of complaining

Asking for news, asking for news

Have to move shares somewhere

Troll feeding

More Troll feeding leading to back and forth insults

Asking for news leading to copious amounts of FUD

More FUD

An announcement

Rinse and repeat

Once again you need to learn to read between the lines and take a chill pill.

This is the frustrating thing, the Klondikes or whatever they are called and Avalon chips will not get us 3TH/s power, so its assumed the 3TH/s comes from prototype/sample chips.

If this is true then fantastic, the first run batch is around the corner and we are going to see a huge increase in hashrate.

However it might not be the case! The 3TH/s might be from something else who knows, because Ken did not say anything about eASIC chips.

So once again the information void leaves us to speculate and assume.

so the 3th are from sample chips?! or other company products. when are ActM releasing their own stuff

Just bumping this up so Ken can see it.

You're doing your sanity a huge favor, I was on a couple of trips lately and could only afford a few glances at this thread; it was a good couple of days

+1 - Where is this? KEN!

So no financial report?