Please see https://bitcointalksearch.org/topic/m.7133625 for latest information.ActiveMining is currently under investigation from Missouri Securities Division.Until the investigation concludes; 99% of trading and all dividends are suspended.
Please do not be offended if I delete your post!!! Most of the deleted posts are simply me consolidating information to make the thread have a higher signal:noise ratio!This thread is not a replacement for any other ActiveMining thread, but rather a gathering of information. Feel free to post information or even ask questions.
Questions that have no answer will be considered information because a negative can still tell a story.
Because I want the thread to be very high density in information, I may delete valid posts and consolidate the information on the front page. I will leave long discussions alone as long as they are making decent progress in developing an idea and it would be difficult for me to take that discussion and summarize the facts.
See my "Notes" post below to see opinions on the information.
Please note that some information is speculation and other information is confirmed by Ken. If it's confirmed by Ken I will quote the appropriate post.
What is the expected timeline for chips?Based on Ken's responses in the thread, the current estimate is around January.
Just going to make a little prediction here - the products which shipped were probably Fast-Hash-80's which are the avalon clones.
Has Ken got a solution to the funds being held/lost by Ukyo?We believe Ken will seize Ukyo's shares in ActiveMining as an exchange for the lost funds.
The fact that he can seize Ukyo's shares is actually good news.
IntelliHash
I can't see how intellihash could possibly work... the only thing it possibly could be is an over-clocking utility. It cannot change a chip (Ken said it would work on avalons too), it cannot fake proof-of-work (and if it can, bitcoin is broken), so the only option is an over-clocking utility. Which would be coherent with the 20% increase quoted, as that would be about the max you could reliably overclock.
TLDR; IntelliHash is, in my judgement, an overclocking utility.
Perhaps this is on the right track?
TimelineI've brought this timeline over from the
other thread as I think it may be useful to keep a copy here.
The dates in
bold are confirmed by announcements, while the others are projected from estimated timelines in the prospectus.
- 26th July [source] - Ken estimates two weeks for NRE to be paid (during visit to eASIC)
- 3rd August [source] - Ken returns from his trip to eASIC and the Engineering firm
- 4th August [source] - Ken posts to say he is busy working on eASIC deal
- (sometime before August 28th) [used for guesstimates below] - NRE Funds paid
- 28th August [source] - Ken confirms NRE funds were converted 'some time ago'
- 4th September [source] - eASIC issue press release
- 12th September [source] - Avalon refund confirmed as having been received
- 1st November [original guesstimate] - Chip samples delivered in 9 weeks;
- 30th October [source] - Ken announces gradual hashrate increase including 'other resources' [source]
- 25th November [original guesstimate] - Low-volume chip production starting in 12 weeks, using an e-beam process;
- 30th November [source] - Ken announces delays due to further R&D and upcoming Intellihash(tm) technology
- 12th December [source] - Weekly announcement states "we are continuing to bring in all the parts for mass production of our miners"
- 18th December [source] - Weekly announcement states "working with eASIC and our engineers to get our chip and boards in full production"
- 25th December [source] - Weekly announcement states "working on assembling [for] when our boards and chips arrive"
- 24th December - 9th January [original guesstimate] - Normal volume chip production starting in 16-18 weeks.
- 1st January [source] - Weekly announcement states "The new year looks bright ... as we continue to assemble our miners for quick delivery"
- 9th January [source] - Weekly announcement states "engineers are still designing our board ... hired ... competent RTL design team to make sure ... Low-Power and ... most speed from the chip"
- 15th January [source] - Weekly announcement states "in San Jose working with our partners ... The RTL problem has been solved ..."
- 27th February - 10th March - assuming an 8 week delay (from Jan 9) or 12 week delay (from Nov 30), chips may be forthcoming at this point in time
* Note: As of
30th November, probable delays have been introduced into the timeline.
(I will be trying to keep this updated as more facts are revealed. In an effort to keep this thread tidy, please PM me with any suggestions.)