[AMC]-The Official Active Mining Cooperative Discussion - page 79.

rikur

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Quote from: keepinithamsta on June 28, 2013, 08:51:22 PM

It's probably registered in Delaware because of taxation reasons. Lots of corporations use an agent to base themselves out of there but actually are headquartered in another state.

Agreed, but my point still stands. I actually paid 20$ to try to get more information about the corporation for us all - to no avail.

keepinithamsta

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Quote from: rikur on June 28, 2013, 08:35:40 PM

Quote from: LudwigDG on June 28, 2013, 08:26:57 PM

Ok I have one question.

Is this VMC real? Is it safe to buy from them? Because their story seems to good to be true?
Has anyone ever seen their products in action? Do we know something more of this Ken guy? Have they delivered. Can they provide their asic miners within 6 months or do they still need to product them?

Absolutely not, at least not for now. All we know about this Ken guy is that Virtual Mining Corp is based on Delaware, which means that it is pretty much 100% anonymous and doesn't add any credibility to the venture.

It's probably registered in Delaware because of taxation reasons. Lots of corporations use an agent to base themselves out of there but actually are headquartered in another state.

dhenson

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Quote from: LudwigDG on June 28, 2013, 08:26:57 PM

Ok I have one question.

Is this VMC real? Is it safe to buy from them? Because their story seems to good to be true?
Has anyone ever seen their products in action? Do we know something more of this Ken guy? Have they delivered. Can they provide their asic miners within 6 months or do they still need to product them?

I've seen Ken advertising a pre-order thread here on bitcointalk but the devices are not yet ready for purchase. Anything purchased now would be a pre-order.

rikur

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Quote from: LudwigDG on June 28, 2013, 08:26:57 PM

Ok I have one question.

Is this VMC real? Is it safe to buy from them? Because their story seems to good to be true?
Has anyone ever seen their products in action? Do we know something more of this Ken guy? Have they delivered. Can they provide their asic miners within 6 months or do they still need to product them?

Absolutely not, at least not for now. All we know about this Ken guy is that Virtual Mining Corp is based on Delaware, which means that it is pretty much 100% anonymous and doesn't add any credibility to the venture.

LudwigDG

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Ok I have one question.

Is this VMC real? Is it safe to buy from them? Because their story seems to good to be true?
Has anyone ever seen their products in action? Do we know something more of this Ken guy? Have they delivered. Can they provide their asic miners within 6 months or do they still need to product them?

Vbs

hero member

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Now it'll be my turn for speculation. Grin

Price is probably picking up now. We were at the end of a Wave C and probably going into a Wave 1.

https://en.wikipedia.org/wiki/Elliott_wave_principle

Vbs

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Quote from: dhenson on June 28, 2013, 07:31:17 PM

Quote from: Vbs on June 28, 2013, 07:26:56 PM

What I don't understand is that power estimate for a 28nm chip. One of the big benefits of smaller transistors is power efficiency. So why aren't they getting 1GH/W or better? I would expect them to have a rough estimate of lesser or equal to 100W per chip, not 250W! Clearly, more details need to be released.

Yeah, the jury is still out on that one. It's possible that their estimates are crazy high so that they don't end up on wrong side of sentiment with their customers. Only time will tell.

As we've seen with BFL, you really won't know actual power consumption until you get your first chips.

True. It also depends a lot on how they are designing them. Full custom designs are much harder to estimate power consumption than semi-custom ones (because on semi-custom ones, like the one from AMC/eAsic, all the logic transistors are already there, so they already know how much power each "eCell" uses, they just need to simulate the chip working and see how many "eCells" are being used concurrently).

dhenson

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Quote from: Vbs on June 28, 2013, 07:26:56 PM

What I don't understand is that power estimate for a 28nm chip. One of the big benefits of smaller transistors is power efficiency. So why aren't they getting 1GH/W or better? I would expect them to have a rough estimate of lesser or equal to 100W per chip, not 250W! Clearly, more details need to be released.

Yeah, the jury is still out on that one. It's possible that their estimates are crazy high so that they don't end up on wrong side of sentiment with their customers. Only time will tell.

As we've seen with BFL, you really won't know actual power consumption until you get your first chips.

Vbs

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Quote from: dhenson on June 28, 2013, 07:19:04 PM

Quote from: Vbs on June 28, 2013, 07:02:37 PM

Thanks for that!

So, each Jupiter will use 4x100GH/s chips at <=1000W, each chip using a 55x55 package.

Each chip is thus 250W, so I will expect them to use a cooler the size of a graphics card, per chip.

On 250W, we can fit about 16.667 of AMC's chips (let's say 15W each), for a rated performance of 16.667x16=266.667 GH/s.

You know, like someone said, "the devil is in the details" Grin

Each chip will not be 250W, they have stated it will be below that, 250W/chip is the maximum. They are very paranoid about missing projections so they always give cautious estimates.

Also, they have retracted the initial claim of planning to use water cooling as hosting locations do not like to deal with water cooled equipment (according to KnC).

Not trying to be argumentative, just accurate.

You are more than welcome, discussing actual content here is indeed a relief!

What I don't understand is that power estimate for a 28nm chip. One of the big benefits of smaller transistors is power efficiency. So why aren't they getting 1GH/W or better? I would expect them to have a rough estimate of lesser or equal to 100W per chip, not 250W! Clearly, more details need to be released.

dhenson

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Quote from: Vbs on June 28, 2013, 07:02:37 PM

Thanks for that!

So, each Jupiter will use 4x100GH/s chips at <=1000W, each chip using a 55x55 package.

Each chip is thus 250W, so I will expect them to use a cooler the size of a graphics card, per chip.

On 250W, we can fit about 16.667 of AMC's chips (let's say 15W each), for a rated performance of 16.667x16=266.667 GH/s.

You know, like someone said, "the devil is in the details" Grin

Each chip will not be 250W, they have stated it will be below that, 250W/chip is the maximum. They are very paranoid about missing projections so they always give cautious estimates.

Also, they have retracted the initial claim of planning to use water cooling as hosting locations do not like to deal with water cooled equipment (according to KnC).

Not trying to be argumentative, just accurate.

btct22

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Quote from: pneumatic5 on June 28, 2013, 07:04:07 PM

Someone posted an email from the COO of eASIC that they were working together and that they are under an NDA didnt they?

Yes and the email said "Talk to Ken", so it's up to him to provide further information.

Also re the cooler size, it's not about that, it's that a single chip can do 100GH/s. The AMC/VMC chip can do ~20GH/s thus the claim "World's Fastest Mining Chip" doesn't stand, not that this matters if the cost per chip and power performance are reasonable.

I just want to see more real-world proof that AMC will go where Ken says it will go.

dhenson

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I've posted a buy order on bitfunder @ .000821.

This is high enough for those who bought in during the .0005 and .0008 IPO periods who have cold feet to get out now so we don't have to listen to your FUD any longer.

I believe buying @ this price is a steal and don't mind providing a small amount of support.

steveioio

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Quote from: lolstate on June 28, 2013, 07:01:27 PM

possibly an ego maniac

Best thing said on here all day. lol I can't stop laughing. You da funny man.

lolstate

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Quote from: Vbs on June 28, 2013, 07:02:37 PM

Quote from: btct22 on June 28, 2013, 06:47:30 PM

Ken, dhenson has already posted the link: https://www.kncminer.com/news/news-22

I have some options that expire in just over an hour and as it stands right now I don't know if I'm going to put any more money towards this project.

Please re-assure me and the other investors that your claims are genuine by posting additional evidence.

Thanks for that!

So, each Jupiter will use 4x100GH/s chips at <=1000W, each chip using a 55x55 package.

Each chip is thus 250W, so I will expect them to use a cooler the size of a graphics card, per chip.

On 250W, we can fit about 16.667 of AMC's chips (let's say 15W each), for a rated performance of 16.667x16=266.667 GH/s.

You know, like someone said, "the devil is in the details" Grin

Great news! Grin

pneumatic5

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★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

Quote from: stereotype on June 28, 2013, 06:29:06 PM

For the ones who cant assimilate what AMC is about and what its aims are, and the ones who don't feel they are getting the right/enough information. AND the new participants who havnt been following the AMC story from the start, maybe the chart could tell you something. Because .0008 was a stable price where sentiment was without any of this news known by the then holders. Selling below this, WITHOUT bad news, is illogical for people who want to make money, and investors alike. Yes i bought.

You mean there are good or neutral news? Where? All I have seen is post by kslaughter on supposed partnership with eASIC and horde of mindless
followers and (paid) shills cheering it, like it has some real value while the truth is nothing is posted except wall of text. Like kslaughter is some very
known and completely trustable person or major company, requiring not much if any proof to back up their claims.

Someone posted an email from the COO of eASIC that they were working together and that they are under an NDA didnt they?

steveioio

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Quote from: lolstate on June 28, 2013, 07:01:27 PM

This post has confirmed to me that you are trolling or possibly an ego maniac who likes the sound of his own typing. Please don't address me again.

Get a grip.

Vbs

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Quote from: btct22 on June 28, 2013, 06:47:30 PM

Ken, dhenson has already posted the link: https://www.kncminer.com/news/news-22

I have some options that expire in just over an hour and as it stands right now I don't know if I'm going to put any more money towards this project.

Please re-assure me and the other investors that your claims are genuine by posting additional evidence.

Thanks for that!

So, each Jupiter will use 4x100GH/s chips at <=1000W, each chip using a 55x55 package.

Each chip is thus 250W, so I will expect them to use a cooler the size of a graphics card, per chip.

On 250W, we can fit about 16.667 of AMC's chips (let's say 15W each), for a rated performance of 16.667x16=266.667 GH/s.

You know, like someone said, "the devil is in the details" Grin

lolstate

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Quote from: steveioio on June 28, 2013, 06:58:20 PM

Quote from: lolstate on June 28, 2013, 06:51:58 PM

I agree with your analysis. The 'old timers' holding their positions is very revealing.

At current prices, this could be the last great buying opportunity for those that are fleet of foot.

You consider that 'analysis'? Pure conjecture. There are no 'old timers' in this. The old timers make their money in the real world, 10-20% compounding pa. This is small beans and no-one here, excepting me, knows what they are on about.

Do not put anymore into this venture until you see the goods. 20-30% of those still holding are unable to get to their terminal or haven't found out yet what has gone down today. So tomorrow - more selling. Don't throw good money after bad.

This post has confirmed to me that you are trolling or possibly an ego maniac who likes the sound of his own typing. Please don't address me again.

steveioio

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Quote from: lolstate on June 28, 2013, 06:51:58 PM

I agree with your analysis. The 'old timers' holding their positions is very revealing.

At current prices, this could be the last great buying opportunity for those that are fleet of foot.

You consider that 'analysis'? Pure conjecture. There are no 'old timers' in this. The old timers make their money in the real world, 10-20% compounding pa. This is small beans and no-one here, excepting me, knows what they are on about.

Do not put anymore into this venture until you see the goods. 20-30% of those still holding are unable to get to their terminal or haven't found out yet what has gone down today. So tomorrow - more selling. Don't throw good money after bad.

lolstate

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Quote from: Vbs on June 28, 2013, 06:39:05 PM

Quote from: lolstate on June 28, 2013, 06:27:44 PM

Quote from: Vbs on June 28, 2013, 06:22:11 PM

We need an AMC blog or something like that, because the FUD here is just insane. Even when I try to answer questions being raised, it'll be lost on all that gets thrown around.

The questions about the number of shares have been asked and answered over and over again, simply because they get lost in here.

Vbs, looking at the latest share holder list, what is your feeling for what has transpired today? Is the total number of investors down? Have any share holders grown their position? Is there anything else that can be guessed/inferred from the figures?

Long-term inverstors kept their shares, even with the possibility of jumping ship. That says alot.

The fact the thread has been filled with so much FUD for the last 24h makes me believe there's been a huge effort to take the price down, making unexperienced investors sell their shares as cheaply as possible. This is a great deal for manipulators, as the can buy into AMC at a low price, while the unexperienced have already paid the .0025, helping fund the NRE.

Anyone that bought from Ken at .0025 and already sold, just gave away that opportunity.

So, basically AMC delivers very exciting news, but the price goes all the way down? Yeah, right!!! Roll Eyes

I agree with your analysis. The 'old timers' holding their positions is very revealing.

At current prices, this could be the last great buying opportunity for those that are fleet of foot.

Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 79. (Read 223316 times)