Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 471. (Read 771288 times)
October 10, 2013, 02:05:09 PM
Did I read that right? That Ken said he would be able to deploy his miners for these color coins? There is a reason why we can't use current ASICs to mine for litecoins and other altcoins, and end up resorting to GPU mining. Are these Fast Hash machines about to break this rule? I'd like to see an elaboration of this idea that you can use this technology to mine for other coins.. I've never heard of this before!
October 10, 2013, 02:01:14 PM
Any reason Activemining isn't mentioned on the "ASIC Chip - Bulk Sales" area on http://mining.thegenesisblock.com/?
or here
http://bitcoinviews.com/whos-left-after-terrahash-infographic/
We might as well just be eating our food in the bathroom at lunchtime. It's like we don't even exist
Lack of marketing, needs to be taken care of, among many other things, asap
October 10, 2013, 12:35:46 PM
Any reason Activemining isn't mentioned on the "ASIC Chip - Bulk Sales" area on http://mining.thegenesisblock.com/?
or here
http://bitcoinviews.com/whos-left-after-terrahash-infographic/
We might as well just be eating our food in the bathroom at lunchtime. It's like we don't even exist
October 10, 2013, 12:27:15 PM
Any reason Activemining isn't mentioned on the "ASIC Chip - Bulk Sales" area on http://mining.thegenesisblock.com/?
or here
http://bitcoinviews.com/whos-left-after-terrahash-infographic/
October 10, 2013, 12:25:51 PM
There are plenty of options on the table - last resort being direct shares. Nobody will have to hold anyone else's shares.
I know there are options - but the deadline is 20 days away.
You are right it's unlikely (hopefully) that we will need to do this but I'm saying people do not need to worry or sell as there is this option as a stop gap. By offering this we can make sure no US holder needs to exit this stock for fear of being frozen out.
Thank you for your offer. Hopefully we can find a solution before the 1st.
October 10, 2013, 12:17:15 PM
Any reason Activemining isn't mentioned on the "ASIC Chip - Bulk Sales" area on http://mining.thegenesisblock.com/?
October 10, 2013, 12:00:51 PM
There are plenty of options on the table - last resort being direct shares. Nobody will have to hold anyone else's shares.
I know there are options - but the deadline is 20 days away.
You are right it's unlikely (hopefully) that we will need to do this but I'm saying people do not need to worry or sell as there is this option as a stop gap. By offering this we can make sure no US holder needs to exit this stock for fear of being frozen out.
October 10, 2013, 11:53:10 AM
It's premature right now as a new format/holding place for the shares is in the works but if we do get close to the Nov 1st deadline with no alternative and US holders are worried their only option is to sell-out I will also offer to store any US based shareholders ACtM shares/other shares. I'm sure there are enough trustworthy people on here who can do the same, we can publicly declare the holdings on here so there are no arguments. Not sure about the legal side of holding shares for US investors, would only do it if that aspect was not an issue.
There are plenty of options on the table - last resort being direct shares. Nobody will have to hold anyone else's shares.
October 10, 2013, 11:35:36 AM
It's premature right now as a new format/holding place for the shares is in the works but if we do get close to the Nov 1st deadline with no alternative and US holders are worried their only option is to sell-out I will also offer to store any US based shareholders ACtM shares/other shares. I'm sure there are enough trustworthy people on here who can do the same, we can publicly declare the holdings on here so there are no arguments. Not sure about the legal side of holding shares for US investors, would only do it if that aspect was not an issue.
October 10, 2013, 11:28:37 AM
Is there any way to buy shares of ActiveMining right now if you're in the US? I want some of these cheap shares!
use a proxy to make it look like your IP is coming from somewhere else
You still need to be 100% verified with we exhcange providing documentation outside the usa
Im sure there will be an alternative if you hold your shares....who the hell is going to send all their info to weexchange??
A new exchange will open and Bitfunder will die.
October 10, 2013, 11:26:07 AM
Is there any way to buy shares of ActiveMining right now if you're in the US? I want some of these cheap shares!
use a proxy to make it look like your IP is coming from somewhere else
You still need to be 100% verified with we exhcange providing documentation outside the usa
October 10, 2013, 11:15:47 AM
Is there any way to buy shares of ActiveMining right now if you're in the US? I want some of these cheap shares!
use a proxy to make it look like your IP is coming from somewhere else
October 10, 2013, 10:57:55 AM
Is there any way to buy shares of ActiveMining right now if you're in the US? I want some of these cheap shares!
October 10, 2013, 10:51:18 AM
Is an alternative to Bitfunder going to happen before the November 1st deadline?
Will shares be able to transferred elsewhere after NOV. 1 if not?
I'm not a citizen of the US but I'd rather not give out all my info to Weexchange...
Will shares be able to transferred elsewhere after NOV. 1 if not?
I'm not a citizen of the US but I'd rather not give out all my info to Weexchange...
October 10, 2013, 03:44:50 AM
>But the downside is that its way more expensive to produce as traditional asics per unit.
How much more expensive ?
How much more expensive ?
No one will tell you without signing an NDA. This may give an indication though:
Thats for an older nextreme process, but the same principles apply. NOw you have to realize the variable production cost for a traditional asic is extremely low. Think $30 for hashfasts chip, so even if nextreme3 is say 10x more expensive per chip at relatively low volumes, thats still a good deal for now. But it wont be in a year.
Quote
What is the expected performance advantage of full-scale 28 nm ASICs? (with multiple masks, using traditional process)
As above, without signing an NDA, I doubt easic will tell you. Im guessing on the order of a factor 2x or so.
October 10, 2013, 03:22:52 AM
>But the downside is that its way more expensive to produce as traditional asics per unit.
How much more expensive ?
What is the expected performance advantage of full-scale 28 nm ASICs? (with multiple masks, using traditional process)
How much more expensive ?
What is the expected performance advantage of full-scale 28 nm ASICs? (with multiple masks, using traditional process)
October 10, 2013, 02:25:17 AM
Can anyone confirm the time when sample chips arrive. The beginning of the thread states 9 weeks (is that from the time the thread was posted or from when he paid EASIC)
I see the question was asked a few times and didn't see an answer.
I see the question was asked a few times and didn't see an answer.
October 10, 2013, 02:18:25 AM
kingcrimson:
I hope to see first mines (ASIC-powered ActM computers) by Q1-2014.
How much TH/s ? Who knows ? I know they should be powerful enough to compete and take a good chunk of the market. (over 10%)
Bitcoin market = 1.3 million BTC per year. x $120 = $156,000,000. So over $15 M is expected revenue and at least $2.5 M profit next year (assuming Bitcoin price stays flat, which I believe will keep rising).
This is my personal expectation from ActM. We'll see how it plays in reality.
I hope to see first mines (ASIC-powered ActM computers) by Q1-2014.
How much TH/s ? Who knows ? I know they should be powerful enough to compete and take a good chunk of the market. (over 10%)
Bitcoin market = 1.3 million BTC per year. x $120 = $156,000,000. So over $15 M is expected revenue and at least $2.5 M profit next year (assuming Bitcoin price stays flat, which I believe will keep rising).
This is my personal expectation from ActM. We'll see how it plays in reality.
10% is probably way too optimistic. ActiveMining is using a structured asic, The upside of this approach is low NRE, short time to market and relatively low risk of it not working. But the downside is that its way more expensive to produce as traditional asics per unit. Depending how much Ken invested (which I think was dependent on presales which dont appear to be stellar), 10% or even more might be attainable shortly after launch, but it will be impossible to maintain a year from here.
October 10, 2013, 01:58:48 AM
kingcrimson:
I hope to see first mines (ASIC-powered ActM computers) by Q1-2014.
How much TH/s ? Who knows ? I know they should be powerful enough to compete and take a good chunk of the market. (over 10%)
Bitcoin market = 1.3 million BTC per year. x $120 = $156,000,000. So over $15 M is expected revenue and at least $2.5 M profit next year (assuming Bitcoin price stays flat, which I believe will keep rising).
This is my personal expectation from ActM. We'll see how it plays in reality.
I hope to see first mines (ASIC-powered ActM computers) by Q1-2014.
How much TH/s ? Who knows ? I know they should be powerful enough to compete and take a good chunk of the market. (over 10%)
Bitcoin market = 1.3 million BTC per year. x $120 = $156,000,000. So over $15 M is expected revenue and at least $2.5 M profit next year (assuming Bitcoin price stays flat, which I believe will keep rising).
This is my personal expectation from ActM. We'll see how it plays in reality.
October 10, 2013, 12:19:06 AM
some more on Colored Coins and a long explanation/discussion about them on reddit:
Trades can be made in clients, but there needs to be a master list somewhere that says "this coin represents a share in this company".
That can either be on the company's site or on an exchange site (or both).
This thread on reddit has a decent discussion of how it would work
Colored coins (decentralized exchange): we need developers to complete client implementation faster
Trades can be made in clients, but there needs to be a master list somewhere that says "this coin represents a share in this company".
That can either be on the company's site or on an exchange site (or both).
This thread on reddit has a decent discussion of how it would work
Colored coins (decentralized exchange): we need developers to complete client implementation faster
Jump to: