Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 129. (Read 223316 times)

Ken, you should get in contact with the BitFury ASIC developers and see if you can buy any of their 65nm chips.

Form the profile on BitFunder:

Based on Avalon ASICs (110nm):


For 45nm:


For 28nm:


As you can see, the 45nm ASIC devices are not due till March 2014 and the devices till then rely on those Avalon chips. I suggest you try reading before making such idiotic comments in the future.

August delivery is for the 120 Gh/s devices that Metabank are selling, not the chips.From 100TH's reports, https://picostocks.com/docs/index/19

Slaughter;
you are full of it.   What do you mean "your calculation are a fraud"?  Ignore the grammar problems with that sentence compared to your prospectus.   Calculations are NOT fraudulent.   they are correct or wrong.   Given his calculation uses KNOWN FACTS, it is correct.    And yes, you have suggested you are going to hash this much power, start reading your OWN posts.    So, what kind of cogen are you building because we all know you are MINIMUM two years from 28 and over a year from 45nm (and that is assuming you have any clue what you are doing which your posts do not lend evidence to).
If you are claiming you will have a 28nm in this year, you are a liar.   So, why don't you cut all your BS and tell people how far along you actually are on "your own chip development".   Because anyone who was ANYWHERE on developing a chip, would not be so stupid to buy $140,000 worth of avalon chips.   That would be idiotic and a waste of shareholder funds.   Like a man that said he was a few months away from getting the goose that lays the golden egg, but was going to spend all his available funds on buying regular chickens.    I call BS.   This is another BFL.   Either Fraud or complete incompetence.   Funny how they both (josh at BFL and "kslaughter") are from MO and they both ran ISPs???   

The MH/s will increase as new mining equipment comes online.  There is no way to accurately answer your question.

Ken what is expected or estimated Mhash/s per AMC share ?

I think those numbers originated with MetaBank.ru, plus there's also the bet made on BitBet stating that the power consumption would be under 1 W. It looks that like they hit their target.

Avalon is ~10W / GH/s.
BFL is 6 W / GH/s at 65 nm.

I don't know where you are getting your Bitfury numbers from.  If they are forecasting that result, they have either made a fabulous breakthrough in design or are in for a world of bad surprises when their silicon arrives.

BitFury's ASIC is supposedly at 0.7 W per Gh/s at 65nm. What's Avalon at?

Nonsense.  You will not reduce power 10x by moving to 28 nm.  You are just demonstrating that you have no idea what you are talking about.  BFL imagined the same thing.  You are just a wannabe Josh.

Lots of people are teaching themselves semiconductor design and manufacturing on the fly now.  I think that is great, and encourage more ASIC competition to come to market.  What I object to is amateurs using other people's money to fail.  Demonstrate that you actually know what you are doing by posting a real budget and schedule.  Because what you have said so far is elves and unicorns compared to the reality of building an ASIC.

Cut us some slack and give us the same deal. I bought on the 21st and have held ever since. Its crazy for only those after the 28th to receive something like this. We made investments based on information given to us which later turned out to be false and have carried the most risk for what seems to be the smallest returns, especially if this program cutoff remains at the 28th.

One point you are missing, is we did not say that we are going to use Avalon chips for all of the 992 TH/s, so your calculation are a fraud.  If fact I have
told you over and over that we are working on a 45nm and a 28nm chip.  Those chips will use 10X less power that Avalon's.

LMAO.

As an exercise for the reader who doesn't recognize what a complete fraud this is.  Consider this.

45% of 992 TH = 446 TH

Avalon power requirement.  10 W / GH.

Power needed for 446 TH  = 4.5 MW

Are you building a power plant along with your imaginary silicon?

I aree that you have a good point, but even with the competition getting their own ASICs, I'm confident that we're still up in the BTC Rush.  

So no, 45% is unlikely, but AMC will still have a good chunk of power.

This is our 24 month projection with a 40X times increase in the difficulty.  We have gone from 384,000 MH/s on order to 5.651 TH/s on order in just one month.
Since we are putting back 50% of the revenue back into purchasing more mining power we will cause an exponential growth of hashing power over the next 24 months.
Of course the 992 TERA is just a projection.  Also, should we get to 45% of the network hashing power, we would not add anymore hashing power until
our control of the network falls back to 40%.

http://www.axs.net/AMC/AMC-Profit-Estimate.png

Now correct me if I'm wrong, but you entered 992 TERA-hash into that mining calculator...not gigahash.

It also states that you're expecting 1600 BTC/day, but only ~3600 is currently generated each day. You expect to control ~45% of the total mining network?
You don't even have a single functioning ASIC yet.

SPRINGFIELD, MO, – June 2, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they have purchased a second full batch (10,000) of Avalon chips (Order # 10473)  to build ~31 Fast-Hash-80's for AMC, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s.  Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).

You can use the link below to calculate the income:

http://www.bitcoinx.com/profit/

Estimated Hash Rate: 5,650,816
Estimated Power: ~60,000

Avalon Shopping Cart Screenshot:

https://bitfunder.com/asset/AMC profile->images

Yes, I know the price was higher the week before, then dropped back to .0005 due to market demand dropping.  The shares were selling at .0005 before that date.  I hope to drive the share price up so this won't be an issue for you or me.  Let me think about this.  I will post an update to the program should I extend it, which I am thinking about doing.

Update:

Added a group to the program.

Why the 28th of May? I bought shares before the 28th at 0.0007, shouldnt I be also reimbursed? I didnt buy a lot at that price, so it's not a big deal for me, and I am in it for the long run, but I am just wondering why the cutoff is at that date.

Like!

Keep up Ken, let's get some revenue coming in and please keep us informed!