Quote from: RoadStress on January 13, 2014, 02:11:31 AM

Quote from: VinceSamios on January 12, 2014, 08:53:00 PM

Quote from: SebastianJu on January 12, 2014, 08:37:38 PM

Quote from: VinceSamios on January 12, 2014, 03:57:37 PM

If it takes 4 months to get miners, with current funds we could pull 1% network hashrate day 1.... 4 months is enough to start from scratch.... I still rate the possibility of having miners within 4 months at about 50% but the return on investment potential makes the risk worth it.

Now grow the fuck up and stop speculating about everything you insecure bloody teenagers.

Can you explain how you want to make profit when VMC has miners in 4 months only? Even with the best miner VMC is selling now and you start mining on february the first... you will not even double your investment in 6 months. Starting to mine in march the first means no profit at all. And you speak about 4 months from now? I wonder what profit margin you see on the price on VMC-Miners. I think you are too optimistic. http://mining.thegenesisblock.com/

And please stop naming sceptics. I lost way more bitcoins on mining companies than i would like to admit. Being sensitive to problems is nothing bad. Bad is only when people are so fearful that they crush the small hope to make something a success still by doing something stupid.

It doesn't matter when VMC/ActM has miners - as one of only two miner/spade shops VMC/ActM will be able to grow and produce profit indefinitely. If we start mining in Feb we'll have 10% network hash-rate pretty rapidly. We've got enough cash to produce 2.8PH of mining hardware...

The only way network hash rate and difficulty can increase to the 160 billion difficulty required to make VMC hardware unprofitable to run, is if the price of BTC goes up, and if it does then VMC hardware remains profitable. The current BTC price supports up to around 9EH/s of hardware mining profitably - that would require about $10billion of investment... Either its not going to happen, or VMC is going to profit from it happening. Or the perfect storm, ActM mines, VMC sells hardware, BTC Price goes up....

Don't get me wrong, I wish Ken would hurry up and hash already, but if bitcoin goes well, and bitcoin mining goes well (hell, even if it doesn't) then ActM will go well.

Oh man...how about a little more thinking? Avalon team had enough cash on hands to build a whole shit of hashrate, ASICMiner had a tone shit of money to raise a lot of hashrate(10k$ for 1TH?). Don't fool yourself with dreams. Virtually there were a lot more ventures that were in that position before ActM with an actual chip. This venture has nothing up to this date. Wake up!

Edit: 160 billion difficulty before VMC hardware unprofitable to run? That's a funny one! What power consumption are you using?

+1 finally a post with some fucking realism

Also - on the 160bn difficulty - does this include data centre space renting costs, maintenance, support etc? I doubt it