[AMC]-The Official Active Mining Cooperative Discussion - page 112.

Vbs

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Quote from: kslaughter on June 17, 2013, 06:43:17 AM

Doesn't look like any fees are being charged to us. However, I did change it to 5 BTC to cut down on the
number of transactactions.

Yes, you are correct. There are BTC0.0015 fees in those transactions but they seem to be paid by BTCGuild. They also group as many tx as they can to minimize fees. Tongue

kslaughter

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Quote from: Vbs on June 17, 2013, 06:28:20 AM

Quote from: kslaughter on June 16, 2013, 07:27:07 PM

I won't be posting the png anymore as they take up a lot
of space in the thread.

Here is the address that AMC uses to withdraw its mining revenue to. Use this
address to see how much BTC we have mined. We withdraw from BTCGuild
if we get over 1 BTC in the account.

http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa

You should increase the limit, as each of those transactions will incur the 0.0005 network tx fee penalty. Sad

Maybe make it ~1 tx/day? At the moment that's a ~BTC6 threshold.

Doesn't look like any fees are being charged to us. However, I did change it to 5 BTC to cut down on the
number of transactactions.

Vbs

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Activity: 504

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Quote from: kslaughter on June 16, 2013, 07:27:07 PM

I won't be posting the png anymore as they take up a lot
of space in the thread.

Here is the address that AMC uses to withdraw its mining revenue to. Use this
address to see how much BTC we have mined. We withdraw from BTCGuild
if we get over 1 BTC in the account.

http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa

~~You should increase the limit, as each of those transactions will incur the 0.0005 network tx fee penalty~~. Sad

~~Maybe make it ~1 tx/day? At the moment that's a ~BTC6 threshold.~~

Edit: Fees are paid by btcguild, it seems.

Vbs

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BFL chips have a delivery of around 14.3 weeks after order. Each batch of 100 chips will have an average speed of 382.5GH/s (due to binning).

Since an Avalon 10k batch is ~2.8TH/s, for comparison, that's 7.32 BFL batches (732 chips). Using the current $100.94/BTC, the cost is BTC544 (@$75/100 chips) or BTC362.6 (@$50/100 chips), with 50% to be paid now and 50% on delivery.

The proposition seems interesting, especially since only 50% needs to be paid upfront. The only drawback is really the 14.3 wks delivery time, which is a HUGE ONE.

One month of mining @2.8TH/s with 10k Avalons that arrived one month before (9-10wks delivery), even at 60M difficulty (est sep-oct) is around BTC670/month, which effectively makes a 10k order of BTC782 in fact cost only BTC112, just because it arrived one month earlier.

kslaughter

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@LorenzoMoney Great idea.

Just downloaded BFL reference board, so we will be looking at it today.

funkymunky

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Quote from: LorenzoMoney on June 16, 2013, 08:27:51 PM

Ken,

A lot of AMC shareholders probably have Butterfly Labs machines on order and have chip credits. I have some BFL chip credits. If you think you are able to take the BFL chips and build complete miners from them, may I suggest asking AMC stockholders if they have BFL credits to offer up to AMC/VMC in trade for AMC shares.

I would love to keep my credits "in the family".

Lorenzo Money

Definitely, I was about to post my up for sale.

I'd happily "swap" them for AMC shares.

Fantastic Idea Grin

bigdude

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Quote from: LorenzoMoney on June 16, 2013, 08:27:51 PM

Ken,

A lot of AMC shareholders probably have Butterfly Labs machines on order and have chip credits. I have some BFL chip credits. If you think you are able to take the BFL chips and build complete miners from them, may I suggest asking AMC stockholders if they have BFL credits to offer up to AMC/VMC in trade for AMC shares.

I would love to keep my credits "in the family".

Lorenzo Money

Wow - that's actually a brilliant idea!

LorenzoMoney

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Ken,

A lot of AMC shareholders probably have Butterfly Labs machines on order and have chip credits. I have some BFL chip credits. If you think you are able to take the BFL chips and build complete miners from them, may I suggest asking AMC stockholders if they have BFL credits to offer up to AMC/VMC in trade for AMC shares.

I would love to keep my credits "in the family".

Lorenzo Money

kslaughter

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Activity: 476

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I won't be posting the png anymore as they take up a lot
of space in the thread.

Here is the address that AMC uses to withdraw its mining revenue to. Use this
address to see how much BTC we have mined. We withdraw from BTCGuild
if we get over 1 BTC in the account.

http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa

bigdude

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Quote from: kslaughter on June 15, 2013, 10:54:04 PM

Quote from: bigdude on June 15, 2013, 10:08:04 PM

Ken,

Maybe you should look into acquiring chip credits from BFL - could be a good way to get a large amount of chips at a discount:

https://forums.butterflylabs.com/announcements/3272-customer-appreciation-chip-credit-program.html

Yes, I have received a PM from a person with a large chip credit. He said they are coming out with a reference board, so I will be looking in to that.

https://forums.butterflylabs.com/announcements/3295-bitforce-sc-pcb-schematics.html

kslaughter

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We will sell them from time to time and add it to the Bitcoins to be used for
dividends.

luke.watson

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Quote from: kslaughter on June 16, 2013, 06:33:33 AM

Avalon Earning Report:

Roughly BTC0.85 in Namecoin - what is your plan for these coin, are you going to sell them and fund dividends?

It might even be worth holding on to them and see if the price rises, there will hopefully be a lot of hype surrounding anon domains following the prism act

kslaughter

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Avalon Earning Report:

kslaughter

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Activity: 476

Merit: 250

Quote from: bigdude on June 15, 2013, 10:08:04 PM

Ken,

Maybe you should look into acquiring chip credits from BFL - could be a good way to get a large amount of chips at a discount:

https://forums.butterflylabs.com/announcements/3272-customer-appreciation-chip-credit-program.html

Yes, I have received a PM from a person with a large chip credit. He said they are coming out with a reference board, so I will be looking in to that.

bigdude

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Ken,

Maybe you should look into acquiring chip credits from BFL - could be a good way to get a large amount of chips at a discount:

https://forums.butterflylabs.com/announcements/3272-customer-appreciation-chip-credit-program.html

kslaughter

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Activity: 476

Merit: 250

Quote from: TaxReturn on June 15, 2013, 01:51:48 PM

There was mentioning of possibly moving to another pool earlier, any news on that? I've looked at this table:
https://en.bitcoin.it/wiki/Comparison_of_mining_pools

It seems there are some better alternatives with lower fees and merged mining (no stratum on btcguild). Judging from that comparison Slush, Bitminter, P2Pool (allows to merge mine at will) and PolMine seem to be viable candidates.

Yes, it would be nice to lower the fees, every little bit helps. BTCGuild is nice right now so that everyone can see what we are doing and they just turned on merged mining on stratum. The best would be P2Pool with its 0 fee, however that would not be very transparent to investors. It also takes some extra work to get that set up for the Avalon's. A little note is that we have been very lucky these first 8 days of mining and personalty found 4 blocks. I am sure we won't be that lucky every week or we would be solo mining very quickly.

ID: 211435

pneumatic5

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Quote from: TaxReturn on June 15, 2013, 01:51:48 PM

There was mentioning of possibly moving to another pool earlier, any news on that? I've looked at this table:
https://en.bitcoin.it/wiki/Comparison_of_mining_pools

It seems there are some better alternatives with lower fees and merged mining (no stratum on btcguild). Judging from that comparison Slush, Bitminter, P2Pool (allows to merge mine at will) and PolMine seem to be viable candidates.

We are merged mining already. Look at the screen shots ken has posted.

TaxReturn

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There was mentioning of possibly moving to another pool earlier, any news on that? I've looked at this table:
https://en.bitcoin.it/wiki/Comparison_of_mining_pools

It seems there are some better alternatives with lower fees and merged mining (no stratum on btcguild). Judging from that comparison Slush, Bitminter, P2Pool (allows to merge mine at will) and PolMine seem to be viable candidates.

kslaughter

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Quote from: Minor Miner on June 15, 2013, 12:36:35 PM

Quote from: kslaughter on June 14, 2013, 08:04:05 PM

Quote from: ?? on ??

Quote from: kslaughter on June 14, 2013, 05:02:24 PM

Yes, you are right again they are at 110nm going to 65nm. AMC is going to 28nm
Yes, AMC gets 10% and does not have all the cost of manufacturing, all profit and by the way that is twice the normal royalty of 5% for things like this.

Asicminer can afford to build at any node they want. Unlike you, Friedcat probably understands the silicon roadmap well enough to understand why 28 nm is a foolish target.
Show us your great expertise Ken. Give us a discussion of the merits of 28 nm vs. 65 nm. As a hint here are some key topics.
Die Size
Power consumption
Yield
Mask Costs
Availability of Wafer starts
Cost of wafer starts
Clock rate

I am glad you love Friedcat, does he have his own thread?

Ken;
I think you are being a little misleading so I want to clarify your post. You stated that you JUST retained an engineering firm and you will have a WORKING PROTOTYPE in three weeks. Are you talking about a board for your avalon chips or this 28nm you keep referencing?

A working prototype of our Fast-Hash-80 machine. We are still working on the 28nm chip.

John818

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Minor Miner,

If you were a man of your word you would be long gone from this thread. Sadly you're not and are on a one man crusade to undermine Ken.

Please just let it go, and with that yourself too, otherwise we'll have to start calling you Manic Underminer.

Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 112. (Read 223316 times)