[ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 256.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Quote from: bigdude on March 02, 2014, 11:39:54 PM

Since bitfunder closed, and all shares transferred back to ActM for holding, we have not received dividends of any kind.

I think it is time to sort that out please Ken.

Getting our shares on an exchange should be high priority, but sorting them out atleast (like LabRat Mining did), so that we can verify our holdings and receive our built up dividends should be the HIGHEST priority (after hashing).

What is happening with our shareholdings?

Please do this Ken.

hak8or

full member

Activity: 172

Merit: 100

Quote from: bigdude on March 02, 2014, 11:39:54 PM

Since bitfunder closed, and all shares transferred back to ActM for holding, we have not received dividends of any kind.
[snip]
What is happening with our shareholdings?

I completely agree. At the very least, how many dividends are we owed? I am fine with even waiting longer if it means we are almost complete with a colored coin implementation, but for pete's sake give us some concrete information, a new screenshot, what works, what doesn't, how many people are working on it, is it just actM working on it or is AsicMiner working with you guys, have you guys considered using something like mastercoin for the time being, anything at all. We need some cold hard concrete information. No whitewashing of (everything is doing well, we are almost done, just a bit more, lots of progress), something concrete with actual details.

Somewhat related, going further, have you guys considered working with AsicMiner to help each other get a distributed exchange out quicker? I am sure it is in pretty much all companies with shares best interests to get a distributed exchange going.

Entropy-uc

hero member

Activity: 756

Merit: 501

Quote from: snowdropfore on March 02, 2014, 07:38:43 PM

i just want to know did actm still have enough money to develop 28nm chip, if no ,we all will be get f*k

Mask costs for 28 nm are ~5x 55 nm. There is no chance ActM is capitalized to fund masks let alone wafer starts, packaging and boards for a 28 nm build.

I believe the existing 28 nm ASIC manufacturers went through $7-10M to get a product to market.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: bigdude on March 02, 2014, 11:39:54 PM

Since bitfunder closed, and all shares transferred back to ActM for holding, we have not received dividends of any kind.

I think it is time to sort that out please Ken.

Getting our shares on an exchange should be high priority, but sorting them out atleast (like LabRat Mining did), so that we can verify our holdings and receive our built up dividends should be the HIGHEST priority (after hashing).

What is happening with our shareholdings?

^Yes.

bigdude

hero member

Activity: 896

Merit: 500

Dolphins Finance TRUSTED FINANCE

Since bitfunder closed, and all shares transferred back to ActM for holding, we have not received dividends of any kind.

I think it is time to sort that out please Ken.

Getting our shares on an exchange should be high priority, but sorting them out atleast (like LabRat Mining did), so that we can verify our holdings and receive our built up dividends should be the HIGHEST priority (after hashing).

What is happening with our shareholdings?

auto2nr1

sr. member

Activity: 350

Merit: 250

Quote from: Vigil on March 02, 2014, 11:20:06 PM

Why is it that every time we get closer to a date of delivery something happens and plans are changed?

^ What he said. I was really looking forward to April.

Duffer1

full member

Activity: 227

Merit: 100

Ken, why did you have your investors coins on Mt. Gox?

Vigil

sr. member

Activity: 378

Merit: 250

Why is it that every time we get closer to a date of delivery something happens and plans are changed?

Mabsark

legendary

Activity: 826

Merit: 1004

The worst thing about this is that Ken was saying how great ActM's financial situation was (and still is) and how great the 55nm chip was before selling Ukyo's shares. Now the shares are sold, it turns out ActM's being investigated, the 55nm chip has been cancelled and bitcoins have been lost in Gox.

In his last update, Ken said:

Quote from: kslaughter on February 27, 2014, 02:02:13 PM

Virtual Mining Corporation 02/27/14

Virtual Mining is currently processing and confirming pre-order refund requests. It is a very timely process because we are in the final stages of configuration before all of our pre-orders are shipped. Look to your email for product shipping order schedule. At the current time we are not immediately moving every order to a refund status due to our final staging and rigging our products for shipping.

We are contacting all of our valued customers with pre-orders with our new product specification details that includes an increase in hashing power. This increase in hashing power will make up for our delay in shipping. Should any of our customers still wish to receive a refund even with the increase in hashing power please contact our customer service department.

Thank you for your continued patience and good luck on your Mining Ventures

What products would those be? The ones he just cancelled earlier?

JoTheKhan

sr. member

Activity: 378

Merit: 250

Quote from: finlof on March 02, 2014, 08:31:52 PM

well as others have mentioned it being difficult to remain optimistic, maybe the 4th chip's the charm (1st a 45nm, then a eAsic 28nm, then a purchased 55nm, then a custom 28nm). how much money has been spent on the 1st 3 failed chips?

4th lol. You mean 1st, we have no proof of the other 3.

finlof

hero member

Activity: 630

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well as others have mentioned it being difficult to remain optimistic, maybe the 4th chip's the charm (1st a 45nm, then a eAsic 28nm, then a purchased 55nm, then a custom 28nm). how much money has been spent on the 1st 3 failed chips?

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

I believe the 55nm IP is applicable to the 28nm core, and that was most of the reason for getting it in the first place.

Also I think we've had a handful of Avalons slogging away all this time, and that has probably helped keep the lights on, though they're probably down to a single coin between them for this month.

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

Well the good thing about that is, the price close to halves every 6 months on the most recent node sizes... and there's the overbuilt 28nm capacity driving prices down faster...

Anyway, this time last year it was almost inconceivable that any ASIC outfit would be able to afford 28nm before 2015 or late 2014 at best.

snowdropfore

hero member

Activity: 843

Merit: 1001

i just want to know did actm still have enough money to develop 28nm chip, if no ,we all will be get f*k

auto2nr1

sr. member

Activity: 350

Merit: 250

Quote from: VinceSamios on March 02, 2014, 05:44:20 PM

The only way canning the 55nm makes sense is if the 28nm are on the same schedule... like... within 6 weeks of the 55nm timeframes... here's hoping this is the good news.

I feel the same way. This is the only good news we should be expecting from Ken this month. If this is not the good news he is talking about i will be very disappointed.

ActM Thread

member

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Merit: 10

Quote from: sparky999 on March 02, 2014, 06:37:03 PM

I thought the point of this thread was to stop trolls not stop actual shareholders posting their opinions? You can't just delete posts that hv a negative opinion of the company. Kens mismanagement is glaringly obvious he should never hv told a reporter anything before shareholders. That is the definition of mismanagement and my posh should not be deleted for pointing that out.

You are absolutely correct. Occasionally a legitimate (positive or negative) post gets deleted if it pops up during a troll barrage. In those rare cases please accept our apologies and re-post your concerns.

Cheers

sparky999

sr. member

Activity: 473

Merit: 250

I thought the point of this thread was to stop trolls not stop actual shareholders posting their opinions? You can't just delete posts that hv a negative opinion of the company. Kens mismanagement is glaringly obvious he should never hv told a reporter anything before shareholders. That is the definition of mismanagement and my post should not be deleted for pointing that out.

zumzero

hero member

Activity: 602

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myBitcoin.Garden

I could get used to the idea that we are going straight to a 28nm full custom very quickly indeed.

By doing so there is no 'distraction' and all focus can be given to the long term solution. I can't help but wonder how delayed the 28nm would have been if we were also using our resources developing and manufacturing the 55nm chips and associated hardware.

VinceSamios

sr. member

Activity: 448

Merit: 250

The only way canning the 55nm makes sense is if the 28nm are on the same schedule... like... within 6 weeks of the 55nm timeframes... here's hoping this is the good news.

auto2nr1

sr. member

Activity: 350

Merit: 250

I am trying to remain silent and optimistic but it is tough. I was looking forward to progress and mining with our own chips. Now, it looks like we are delayed again. I am losing faith in Ken at the moment. He has not hit any goals thus far. He tells us we are heading in the right direction but he has nothing concrete to show us. It looks like we are still far away from having chips and hashing. Aside from that, he has not been able to get us trading on the exchange for months now. He has not presented us with anything to keep us confident. It feels like he is buying time and stringing us along. =(

Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 256. (Read 630051 times)