Post
Topic
Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
Mabsark
on 16/12/2013, 00:57:31 UTC
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
  • Chip samples delivered in 9 weeks;
  • Low-volume chip production starting in 12 weeks, using an e-beam process;
  • Normal volume chip production starting in 16-18 weeks.

The samples were delivered according to Ken and had to be redesigned (BFL comes to mind, how long did it take them?).

Low volume production has now gone from December to February.
Normal volume production has now gone to late April/early May.

There'll probably be 1-2 thousand sample chips, enough to build a 24 Th/s miner. As previously shown, that'll provide about 80 Satoshis per share per day, with a 2.5% reduction per day.

Low volume production will probably be about 100,000 chips. With each chip capable of 16 Gh/s, that's 1.6 Ph/s, which will take a fair bit of time to build miners out of. That's about 67 x 24 Th/s miners. Let's be generous and say they'll finish bringing that hash power online when normal volume production commences beginning of May. With 50% mining that'd give them 0.8 Ph/s. The current 30 day rate of increase for the network is 78%, giving a network hash rate of around 116.2 Ph/s at the beginning of May, which would give ActM about 0.7% of the network hash rate.

With 1% giving 504 BTC, 0.7% would provide 352.8 BTC per round or 25.2 BTC per day. Distributed over 10 million shares, that's 252 Satoshis per share per day, with a 2.5% reduction per day.

It's not looking good for ActM share holders.  Sad They've waited all this time and they're going to get less dust than the Avalons gave them.  Cry