[VMC] Official Virtual Mining Corporation - EXPOSED

GodfatherBond

sr. member

Activity: 264

Merit: 250

Quote from: xstr8guy on October 17, 2013, 01:47:59 PM

Quote from: thefunkybits on October 17, 2013, 12:44:51 PM

Virtual Mining Corporation just mentioned in Bloomberg News and has an eASIC press release to boot... WHAT A SCAM

Virtual Mining Corp. started taking orders for its equipment in July, with one recent purchase reaching $140,000, Chief Executive Officer Kenneth Slaughter said.
“We are starting to do a lot of big sales,” said Slaughter, who is also mining Bitcoins."

Bloomberg:

BTCBTCBTCBTCBTC http://www.bloomberg.com/news/2013-10-15/bitcoin-mining-rush-means-real-cash-for-hardware-makers.html BTCBTCBTCBTCBTC

Some of the reader's comments are flippin' hilarious!

Quote

Albert Crisp
2 days ago

Rookies are missing the big picture. It's really all in your systems processing power but more importantly, getting into a solid pool. Successful mining is more or less an extension of your social efforts which is, in many cases, the most difficult task associated with mining or "miners" specifically. Expensive/elaborate hardware is an option but very unnecessary. Simple open source platforms such as a Gizmosphere kit are all over the market so just buy a few of those and chain them. You then have a cheap but robust system however, you can't buy yourself into a reliable pool so that is where you'll find yourself grinding away.

OMG!

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: thefunkybits on October 17, 2013, 12:44:51 PM

Virtual Mining Corporation just mentioned in Bloomberg News and has an eASIC press release to boot... WHAT A SCAM

Virtual Mining Corp. started taking orders for its equipment in July, with one recent purchase reaching $140,000, Chief Executive Officer Kenneth Slaughter said.
“We are starting to do a lot of big sales,” said Slaughter, who is also mining Bitcoins."

Bloomberg:

BTCBTCBTCBTCBTC http://www.bloomberg.com/news/2013-10-15/bitcoin-mining-rush-means-real-cash-for-hardware-makers.html BTCBTCBTCBTCBTC

Some of the reader's comments are flippin' hilarious!

Quote

Albert Crisp
2 days ago

Rookies are missing the big picture. It's really all in your systems processing power but more importantly, getting into a solid pool. Successful mining is more or less an extension of your social efforts which is, in many cases, the most difficult task associated with mining or "miners" specifically. Expensive/elaborate hardware is an option but very unnecessary. Simple open source platforms such as a Gizmosphere kit are all over the market so just buy a few of those and chain them. You then have a cheap but robust system however, you can't buy yourself into a reliable pool so that is where you'll find yourself grinding away.

thefunkybits

legendary

Activity: 1218

Merit: 1000

Virtual Mining Corporation just mentioned in Bloomberg News and has an eASIC press release to boot... WHAT A SCAM

Virtual Mining Corp. started taking orders for its equipment in July, with one recent purchase reaching $140,000, Chief Executive Officer Kenneth Slaughter said.
“We are starting to do a lot of big sales,” said Slaughter, who is also mining Bitcoins."

Bloomberg:

BTCBTCBTCBTCBTC http://www.bloomberg.com/news/2013-10-15/bitcoin-mining-rush-means-real-cash-for-hardware-makers.html BTCBTCBTCBTCBTC

eASIC press Release confirming the 24 TH miner with a 28nm Chip:

BTCBTCBTCBTCBTC http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/ BTCBTCBTCBTCBTC

Better get in the queue boys....

http://www.virtualminingcorp.com/

BBQKorv

sr. member

Activity: 280

Merit: 250

Quote from: VolanicEruptor on July 23, 2013, 10:09:20 PM

Quote from: BBQKorv on July 23, 2013, 09:58:04 PM

How is the development and gathering of investors going on with your very own 20nm Galaxy-ASIC chip? Wasn't it called out to be an 100% scam attempt?

he's jealous because Ken actually managed to get funding and something is now being built.
this guy is a wannabe -- A sad little soul left behind who failed at what he was doing.
And now he must get his revenge on the ones who are going to be successful.

There are many definitions of a succesful person, but I haven't heard this being one them before. Grin

Good luck with your first in the world 20nm ASIC, you are a very succesful person if you manage to ship it during the next 6 months.

Vbs

hero member

Activity: 504

Merit: 500

It's funny to read that a company like eAsic that specializes in converting FPGA designs into structured ASIC designs (nextreme) and fully-custom designs (easicopy) would really stop having products in-line with what the FPGA vendors are going to.

eAsic specializes in minimizing design and manufacturing overheads as much as possible.

eve

full member

Activity: 210

Merit: 100

Quote from: VolanicEruptor on July 23, 2013, 10:09:20 PM

Quote from: BBQKorv on July 23, 2013, 09:58:04 PM

How is the development and gathering of investors going on with your very own 20nm Galaxy-ASIC chip? Wasn't it called out to be an 100% scam attempt?

he's jealous because Ken actually managed to get funding and something is now being built.
this guy is a wannabe -- A sad little soul left behind who failed at what he was doing.
And now he must get his revenge on the ones who are going to be successful.

jealousy and someone not acting on their project and knows all mentality is the problem. they are always someone smarter than you.

GalaxyASIC

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Activity: 130

Merit: 100

Quote from: BBQKorv on July 23, 2013, 09:58:04 PM

How is the development and gathering of investors going on with your very own 20nm Galaxy-ASIC chip? Wasn't it called out to be an 100% scam attempt?

It's going strong. No it's not a scam. It's real.

I may not be electronics engineer to design the chips, but I have Computer Science education that also included power, analog and digital electronics education. I just don't specialize in designing chips. But to run this company, that doing chip design and complete electronic product manufacturing, I had learned what I need to know to intelligently discuss all available technological options.

As I said, if you don't believe me call eASIC and ask them the specific question that I had posted previously in this thread and then post here who you spoke with at eASIC and what they have said. I am pretty sure that they will confirm what I said as long as they understand the question.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: BBQKorv on July 23, 2013, 09:58:04 PM

How is the development and gathering of investors going on with your very own 20nm Galaxy-ASIC chip? Wasn't it called out to be an 100% scam attempt?

he's jealous because Ken actually managed to get funding and something is now being built.
this guy is a wannabe -- A sad little soul left behind who failed at what he was doing.
And now he must get his revenge on the ones who are going to be successful.

BBQKorv

sr. member

Activity: 280

Merit: 250

How is the development and gathering of investors going on with your very own 20nm Galaxy-ASIC chip? Wasn't it called out to be an 100% scam attempt?

Vbs

hero member

Activity: 504

Merit: 500

Quote from: GalaxyASIC on July 23, 2013, 08:54:46 AM

Quote from: Vbs on July 23, 2013, 08:53:10 AM

Quote from: GalaxyASIC on July 23, 2013, 08:51:13 AM

Gen 10 - is from Alter nor eASIC, Alter has it's own market, because they make FPGAs, eASIC makes fixed logic devices.

Wait, so there is a market for bigger and faster devices after all? Shocked

No there is not for eASIC

Ah, got it! They are forbidden then. Grin

GalaxyASIC

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Activity: 130

Merit: 100

Quote from: Vbs on July 23, 2013, 08:53:10 AM

Quote from: GalaxyASIC on July 23, 2013, 08:51:13 AM

Gen 10 - is from Alter nor eASIC, Alter has it's own market, because they make FPGAs, eASIC makes fixed logic devices.

Wait, so there is a market for bigger and faster devices after all? Shocked

No there is not for eASIC

Vbs

hero member

Activity: 504

Merit: 500

Quote from: GalaxyASIC on July 23, 2013, 08:51:13 AM

Gen 10 - is from Alter nor eASIC, Alter has it's own market, because they make FPGAs, eASIC makes fixed logic devices.

Wait, so there is a market for bigger and faster devices after all? Shocked

GalaxyASIC

full member

Activity: 130

Merit: 100

Gen 10 - is from Altera nor eASIC, Alter has it's own market, because they make FPGAs, eASIC makes fixed logic devices.

a mind-blowing 1GHz - of product that you can't get for a year and which will be limited by maximum power used in bitcoin to about 350MHz and costing $30,000 per chip

Vbs

hero member

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Quote from: GalaxyASIC on July 23, 2013, 07:56:37 AM

Let's NOT say nonsense.

...

Yes, let's not say nonsense please. I won't bother replying more, since you clearly have no idea what you're talking about. eAsic has been developing their 28nm tech since at least 2010. Sorry! Roll Eyes

Clearly, even the FPGA manufacturers must be all whacko with their future plans! Grin

Quote

http://www.eejournal.com/archives/articles/20130611-altera/
Before we dive into the background too much, let’s try some numbers on for size. How about FOUR MILLION logic element (equivalents) on a single monolithic die? For reference, at 28nm Xilinx’s V2000T used several chips interconnected on a silicon interposer (at great expense) to achieve 2 million logic elements. For monolithic FPGAs, we are looking at a 4x generation-to-generation density increase.

OK, what about speed? Let’s start with SerDes. At 28nm we were awed by 28Gbps SerDes transceivers. Now - we’ve doubled again to 56Gbps. On the Fmax front - for logic implemented in the FPGA LUT fabric itself - a mind-blowing 1GHz - double the frequency of the 28nm ancestors. This is particularly surprising given that the Fmax numbers have been relatively flat for the past several generations. In the compromise between power, area, and speed - speed has been put on the back burner for a while, because, apparently, people didn’t like chips that melt. Now, our melting days must be behind us, because we’re cranking up the clock again.

No market for larger and faster devices huh? Yeah, right! Roll Eyes

GalaxyASIC

full member

Activity: 130

Merit: 100

Quote from: Vbs on July 23, 2013, 06:54:47 AM

Lets do some napkin math then! Let's say the 28nm nextreme has like 2*737,280 = 1,474,560 eCells; using one of the 80k LUTs flying around, that's 18 mining cores per chip. With the chip running at 800MHz, that's a minimum of 14.4GH/s just to start and end this conversation. Roll Eyes

Let's NOT say nonsense.

1) Their 28nm will not be available till 2014.

2) eASIC is not likely to make bigger than 750,000 even in 28nm, because there is no market for larger then that devices. And bitcoin market is not large enough. Only benefit of 28nm for eASIC is a bit cheaper and a bit less power use.

3) What ever design you use you will need to use ~2,200 cells @ ~128 clock cycles or you use more cells and less cycles, more or less proportionally, but there is no 80 lut design that produces bitcoin result every clock cycle.

4) Internal logic in 45nm chip, which is smallest that is available, is limited to 500MHz, even if 28nm will be capable of 800MHz, you will run into thermal limit faster than you will be able to raise frequency. Your limit will be 200-350MHz

1,470,000 / 2,200 / 128 * 350 = 1,827 MH = 1.8 GH for non existent double sized chip in 2014

But wait, they said that they will deliver 16GH chip in 45nm ? - then performance is even less.

Vbs

hero member

Activity: 504

Merit: 500

Quote from: GalaxyASIC on July 22, 2013, 10:33:37 AM

Edit: @ Bargraphics
http://www.easic.com/high-speed-transceivers-low-cost-power-fpga-nre-asic-45nm-easic-nextreme-2/easic-nextreme-2-devices-packages/

Maximum eCells 737,280 which is more or less comparable to 700,000 cells on FPGA, Spartan-6 45nm 150,000 cells was doing ~ 200MH
700,000 / 150,000 * 200MH = 930MH even if 70% higher clock on eASIC would be possible it still be only 1.6GH/s

Lets do some napkin math then! Let's say the 28nm nextreme has like 2*737,280 = 1,474,560 eCells; using one of the 80k LUTs flying around, that's 18 mining cores per chip. With the chip running at 800MHz, that's a minimum of 14.4GH/s just to start and end this conversation. Roll Eyes

Funny how you think Mask Customized Routing would deliver the same crappy performance MHz bottlenecks as SRAM Programmed Routing... Roll Eyes

joele

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I like this exposed topic, you made the price drop, now I can buy more cheaper.

GalaxyASIC

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Issue is not that VMC had talked to eASIC, talking to a company is easy. But that eASIC can't and will not produce anything close to 16GH/s as a single chips and specially at a ridiculous power of <12W per chip.

If they could then I would have already had their chips in my hands last month. I had spoke with them several month back on the highest level.
For the past 5 month, I had spoke with almost every chip design and fab company in the world of being capable of doing this.

VolanicEruptor

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Quote from: vlaoou321 on July 22, 2013, 10:39:32 PM

Quote from: VolanicEruptor on July 22, 2013, 10:05:56 PM

Quote from: Exocyst on July 22, 2013, 12:39:55 PM

Your complaints seem to me to be based off eASIC's 45nm offering, but ActiveMining (VMC) is reportedly contracting them to design a 28nm chip. Perhaps their 28nm process is still behind-the-scenes as it isn't described on eASIC's website from what I could find, so I doubt you have any idea that their 28nm process is capable of.

The OP is not based on sound understanding of what ActiveMining (VMC) has contracted eASIC to produce.

Wrap it up, nothing to see here.

http://www.easic.com/easic-contact/28-nm-registration/

How to prove ATMC and EASIC cooperation?

that's why you do your own due diligence, because nobody else can tell you..

redbeans2012

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Quote from: vlaoou321 on July 22, 2013, 10:39:32 PM

Quote from: VolanicEruptor on July 22, 2013, 10:05:56 PM

Quote from: Exocyst on July 22, 2013, 12:39:55 PM

Your complaints seem to me to be based off eASIC's 45nm offering, but ActiveMining (VMC) is reportedly contracting them to design a 28nm chip. Perhaps their 28nm process is still behind-the-scenes as it isn't described on eASIC's website from what I could find, so I doubt you have any idea that their 28nm process is capable of.

The OP is not based on sound understanding of what ActiveMining (VMC) has contracted eASIC to produce.

Wrap it up, nothing to see here.

http://www.easic.com/easic-contact/28-nm-registration/

How to prove ATMC and EASIC cooperation?

He has posted some scans of the documents between the two companies

Topic: [VMC] Official Virtual Mining Corporation - EXPOSED (Read 4181 times)