Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 60. (Read 771280 times)
January 31, 2014, 06:09:34 AM
Who wants to sell me some cheap shares? Anyone interested pm me. I've got a reasonably sized budget but I want your very best price.
January 31, 2014, 05:24:45 AM
@ Ken what is the procedure for the share verification. Can you tell us ahead of time incase any of us need to get old paperwork, dig out old wallets ahead of time?
Sure, you will need the email address you want to use on CT, if you have an account already the shares will just be added to that account, if you don't then an account on that email will be created and the shares added to that account. Next you will need the date and time of your transfer to AMC-TENDER and the Number of shares tendered. To be verified the data must match our transfer records from bitfunder.
What transfer date should I consider valid for shares automatically transferred out of BitFunder?
I mean the shares which were not moved manually to AMC-TENDER.
Thank You.
January 31, 2014, 03:58:38 AM
@ Ken what is the procedure for the share verification. Can you tell us ahead of time incase any of us need to get old paperwork, dig out old wallets ahead of time?
Sure, you will need the email address you want to use on CT, if you have an account already the shares will just be added to that account, if you don't then an account on that email will be created and the shares added to that account. Next you will need the date and time of your transfer to AMC-TENDER and the Number of shares tendered. To be verified the data must match our transfer records from bitfunder.
Some of us made more than one transfers to AMC-TENDER on different dates. Should we claim our shares in portions for each different date or we should use the date of the last transfer and claim them all at once? Thank you.
January 31, 2014, 03:36:23 AM
It sounds like we might be able to grab and maintain 1% of the network. This is really good news.
I know many of us want 10%+ but lets be realistic.
Also the 28nm should be taking over just as the 1% starts to fall, so this is really good and could be fantastic.
I would still like to know if the 28nm will be a 100GH chip? If it's close we might have a chance in the long run to remain competitive even against KNC.
I know many of us want 10%+ but lets be realistic.
Also the 28nm should be taking over just as the 1% starts to fall, so this is really good and could be fantastic.
I would still like to know if the 28nm will be a 100GH chip? If it's close we might have a chance in the long run to remain competitive even against KNC.
January 31, 2014, 03:15:18 AM
Update on trading and wafers:
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
so ~320TH deploying late may on 55nm -> good news but hardly amazing. If difficulty climbs 75% a month till then, difficulty will be slightly less than 10x what it is now.
For reference I am running 1.63TH of equipment NOW -> rough equivalent of 16TH by the time actm can deploy 20x that (if they meet schedule)
we are seeing roughly 20% jump every 10 days. If ACTM has wafers by late april it will probably take until the END of may to get them packages, mounted, and through certification/testing if there are no holdups. That is roughly 120 days from now = 1.20^12=8.916 times larger than the current network. Depending who you ask, 20% per jump may be a conservative number, hence my rounding to 10x the current network size.
January 31, 2014, 03:09:28 AM
A) It seems as if things really are happening now
B) Soon we will all be rejoicing and thanking you know whom!
B) Soon we will all be rejoicing and thanking you know whom!
January 31, 2014, 02:01:15 AM
Great updates, thank you Ken.
January 30, 2014, 11:44:05 PM
Update on trading and wafers:
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
so ~320TH deploying late may on 55nm -> good news but hardly amazing. If difficulty climbs 75% a month till then, difficulty will be slightly less than 10x what it is now.
For reference I am running 1.63TH of equipment NOW -> rough equivalent of 16TH by the time actm can deploy 20x that (if they meet schedule)
Don't discount to possibility of this being retrospectively 'amazing' news. We start at the beginning and build from there. This is the first time we've been given figures that can be used to quantify our position and for anyone to FUD post about the incessant rise in difficulty factor, which has the same proportional effect on all miners, it is suggestive of ulterior motives. EDIT : .., or evidence that they do not see the bigger picture. But hey, what would I know?
I am given the impression that they may be a bit late joining the party, especially if there are any unforsen delays or problems in the chip. Hashfast already demonstrated how long it can take from the photo of a dorky CEO holding a sealed box of wafers to actually putting equipment in the hands of miners. (Without checking, I think it was close to 5-6 weeks). By that time there will be a lot more 28nm options available (probably including bitfury if they are working on something in the background) and big promises on a 40nm by asicminer (ie: very cost-effective) - and the cost of hardware could begin to drop faster as buyers simply can't operate any larger a cluster at home
I'm not convinced that the Soviet's detonation of the Tsar Bomba would be considered 'a bit late joining the party' when you consider the potential for planetary devastation. Likewise, our little startup may metamorphose into the dominant player and that's why this thread garners so much attention from non-investors.
Edit: Make no mistake, this IS an arms race and ActM shareholders have front row tickets.
I laugh in the face of the .0009ers!
January 30, 2014, 11:30:40 PM
Update on trading and wafers:
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
so ~320TH deploying late may on 55nm -> good news but hardly amazing. If difficulty climbs 75% a month till then, difficulty will be slightly less than 10x what it is now.
For reference I am running 1.63TH of equipment NOW -> rough equivalent of 16TH by the time actm can deploy 20x that (if they meet schedule)
January 30, 2014, 11:28:59 PM
Is there an implication that ActM may redirect their mining profits away from shareholders?
He wants to know if Ken plans to sell any of them.
January 30, 2014, 11:27:32 PM
Update on trading and wafers:
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
so ~320TH deploying late may on 55nm -> good news but hardly amazing. If difficulty climbs 75% a month till then, difficulty will be slightly less than 10x what it is now.
For reference I am running 1.63TH of equipment NOW -> rough equivalent of 16TH by the time actm can deploy 20x that (if they meet schedule)
Don't discount to possibility of this being retrospectively 'amazing' news. We start at the beginning and build from there. This is the first time we've been given figures that can be used to quantify our position and for anyone to FUD post about the incessant rise in difficulty factor, which has the same proportional effect on all miners, it is suggestive of ulterior motives. EDIT : .., or evidence that they do not see the bigger picture. But hey, what would I know?
I am given the impression that they may be a bit late joining the party, especially if there are any unforsen delays or problems in the chip. Hashfast already demonstrated how long it can take from the photo of a dorky CEO holding a sealed box of wafers to actually putting equipment in the hands of miners. (Without checking, I think it was close to 5-6 weeks). By that time there will be a lot more 28nm options available (probably including bitfury if they are working on something in the background) and big promises on a 40nm by asicminer (ie: very cost-effective) - and the cost of hardware could begin to drop faster as buyers simply can't operate any larger a cluster at home
January 30, 2014, 11:21:05 PM
Is there an implication that ActM may redirect their mining profits away from shareholders?
January 30, 2014, 11:11:38 PM
Update on trading and wafers:
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
When you talk about having ###TH/s do you mean that all of these will be used towards the ActM mining operation?
January 30, 2014, 11:10:49 PM
@wolfbiter You might want to PM Ken directly as I know him to answer PMs far sooner than a response on this thread.
January 30, 2014, 10:46:47 PM
Update on trading and wafers:
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
When you talk about having ###TH/s do you mean that all of these will be used towards the ActM mining operation?
January 30, 2014, 10:46:17 PM
I actually think the news is quite positive. It appears to be realistic, the yield per waver is in line with the node and the dates seem achievable. I am impressed with the disclosure. should be hashing in June since there will be some problems here and there to address and the number is doable whether you build out or find someone to host.
January 30, 2014, 10:29:44 PM
Update on trading and wafers:
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
so ~320TH deploying late may on 55nm -> good news but hardly amazing. If difficulty climbs 75% a month till then, difficulty will be slightly less than 10x what it is now.
For reference I am running 1.63TH of equipment NOW -> rough equivalent of 16TH by the time actm can deploy 20x that (if they meet schedule)
Don't discount to possibility of this being retrospectively 'amazing' news. We start at the beginning and build from there. This is the first time we've been given figures that can be used to quantify our position and for anyone to FUD post about the incessant rise in difficulty factor, which has the same proportional effect on all miners, it is suggestive of ulterior motives. EDIT : .., or evidence that they do not see the bigger picture. But hey, what would I know?
January 30, 2014, 10:08:23 PM
Thank you Klondike. I would just like to say that a late start is better than no start at all. He did say that in May there is no limit to the number of wafers we can order. So Late June we could potentially jump up to what he predicted earlier in the week and continue to increase from there.
January 30, 2014, 09:59:09 PM
Update on trading and wafers:
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
It is going to be a few more days before, I can get the verifying program uploaded to the server.
I have been busy getting on the February UMC production run for our 55nm chip.
We are going to get 6 Wafer in the middle of April with about 1 week to package the chips. Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of 77.52 TH/s. Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s. In May we will be able to get all of the wafers we want to run.
so ~320TH deploying late may on 55nm -> good news but hardly amazing. If difficulty climbs 75% a month till then, difficulty will be slightly less than 10x what it is now.
For reference I am running 1.63TH of equipment NOW -> rough equivalent of 16TH by the time actm can deploy 20x that (if they meet schedule)
January 30, 2014, 09:56:19 PM
@ Ken what is the procedure for the share verification. Can you tell us ahead of time incase any of us need to get old paperwork, dig out old wallets ahead of time?
Sure, you will need the email address you want to use on CT, if you have an account already the shares will just be added to that account, if you don't then an account on that email will be created and the shares added to that account. Next you will need the date and time of your transfer to AMC-TENDER and the Number of shares tendered. To be verified the data must match our transfer records from bitfunder.
Thank you.
What if we did not transfer our shares on Bitfunder to AMC-TENDER?
I remember him having an updated Asset List as of Late/Mid November.
@Ken can you answer this for people?
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