Topic: [ANN] Virtual Mining Corp Pre-Orders - page 2. (Read 5529 times)

Magic

Given the equipment you are showing, it is very low.

Kudos for answering the "questions" in this thread in a very neutral, yet informative manner.

I have a few others, if you don't mind:
-why use 50 BTC MAGMA PCI extender boxes? Cheaper (way cheaper) solutions exist.
-why use dual CPU motherboards (when a Raspberry Pi would suffice)?
-why with mixed PCI/PCI-E connectors?
-why use PCI-E and not USB?
-where will you source the Spartan 6?
-why only 20 "prototypes"? Avalon chips are cheap and "readily" available.
-why such a low count on the second batch? Even Avalon started with 300.
-given the previous will not fund your R&D, how do you finance the project?
-do you plan a reseller program?
-do you plan an affiliates program?
-do you plan on mining yourselves?
-why?
-why no company information on the website? (business reg., address, etc)

Thank you.

I am surprised, your answer was a complete and concise roadmap of your plans.

You can't get that kind of answer out of BFL. I am tentatively in favor of your company. (Make sure to post your video at BitCoin 2013.)

I want to ask what you feel you will improve with your Avalon based clones at this time? I noticed you have mentioned the PCIe interface. A very good start. What other kinds of features do you foresee? (points that set you apart from the other clone makers?)

 If you don't mind my asking, how did you secure the several millions of dollars in research and funding required to pull this manufacturing feat off within the next 3-5 years ?

What is suspicious about our pricing?

You didn't any of answer this:


Also, if you are only creating boards/modules for Avalon chips at the moment, why would people spend 71BTC for your unit when they can create/buy a DIY avalon via any of the developers here for about half that?  Hope you are legit but simply showing up at the conference doesn't automatically create credibility. Just ask BFL.
I think you'd be much better served by waiting for your chips to arrive, creating a prototype with the chips you said you ordered & then ask people for their money.

Anyone at Bitcoin 2013 today, I would be happy to meet with you.  Give me a call at (855) - One-Bitcoin (663-2482) X700.

We are not developing 26, 45, 65 and 90nm chips, only 45nm and 28nm.  These chips do not go into ATX boards, they will go into a custom board that uses a PCIe interface that plug into an ATX board.

Yes, We just had a meeting with our Semiconductor company last Friday.  We know what all
the cost are.

Yes, and we will have a prototype as soon as we get chips from Avalon.  We are in an order placed on May 1 for 1,1,50 chips which are
for machines in our AMC mining cooperative.

We have just estimated the speed to be about 50% gain over our 45nm chips.  However, in our meeting with our Semiconductor company which is currently doing a feasibility study on our RTL code, they indicated that the 28nm chips may have 100% gain over the 45nm.  Of course these are just estimates as we say about, but we have tried to be very conservative with the estimates.

The Magma case is an option, if you check out our shopping cart you can configure the type of machine you want.  Since I am here at Bitcoin 2013, I had to only put the button for the one product, our Fast-Hash-80, but I will be fixing the cart for the other options.

Yes, we just started the company, however check out my axs.net which was registered in 1997!

Our first series of machines will be build using the tested technology of Avalon, there chips and there board, this will be our version 1 board.  We will then take that board a re-spin it with a PCI express interface so our customers will be able to use our expansion case.  After we re-spin the board we will have an upgrade program for our version 1 board for customer who wish to upgrade. 

We have chips on order from Avalon and will be placing more orders for chips depending on our sales.  Our delivery date will be adjusted based on sales.  The current date for delivery is only for the first batch of machines that we order chips for in the next week.  This also it depends on our suppliers, i.e. Avalon. 

I talked with Yifu at Bitcoin 2013 and Avalon is not going to be build any more machines, they are just going to be a chip supplier.

Our second and third series of machines will be build on our own Fast-Hash chips 45nm and 28nm.  Since we are here in San Jose at Bitcoin 2013, of which we will be posting video on the site, we had a meeting with our supplier of our chips.

Since we are using Avalon's technology chips and boards we don't expect a long testing time.  Also, talking with Yifu, if we could order a complete order of 10,000 chips, we would receive some testing chips.
The rest of our parts for our machines our off-the-shelf and are readily available.  Our shipping date is firm for about the first 20 devices sold, then we will move that date back to 9/30/2013 for the next 100 macines.

I hope this gives you the information you need.

Because it's fake and a scam.

Right they're developing 26, 45, 65 AND 90nm chips that apparently go into ATX boards. What bullshit, doesn't even make sense!

 28nm chip will cost lot money to develop .

Still, the pricing is... suspicious.

The prototype itself signifies that the design works, and most (if not all) bugs encountered won't kill the company's future.

It is only rational to produce a proof of concept....that not even a simulation could provide.

I am not hitting on this guy. I am simply making careful observations. I have hope for now that he will have the prototype first, and then the pre-orders second.

BFL has no doubt put a massive wall of distrust between the community, himself and his future business success.

At this point, the nicest words in the world wouldn't convince anyone to go into a pre-order. Only a working prototype would.

They must have incredible bulk-purchase discounts! OMG!

Does then 25BTC model feature the MAGMA 13 you think? I mean, there weren't that many slots (OK, they were unpopulated.. ) in the 4U server (i.e. not the MAGMA).

If yes, I want TWO. No, make that FOUR!

Do they accept coupons? Groupon anyone?