Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 138. (Read 479475 times)

This is for Streets 2.0/PR.

I'm not sure if this has been addressed in the thread, but now that the board has been finalized, I'd like to request tabling a topic of discussion for the first official board meeting.

1. HashFast Vs 2. Fast Hash

1. being a company name not associated with ActM/VMC,
2. being a trademark (?) that is associated with ActM/VMC

HashFast has been receiving a lot of press recently and have established their name in the bitcoin community through various associations.

Fast Hash on the other hand, has not (pointed out by forum members recently). ActM would seem to be in "stealth mode" from a press perspective.

There will likely be ongoing confusion from customers, press and bitcoin enthusiasts who will not grasp the difference between HastFast and Fast Hash.

This is an issue that should not be swept under the rug and should be addressed soon before product announcements.

I recommend changing the name Fast Hash. Might I even suggest not using the words "bit", "hash", "coin" in the name.

1. ActM should actively try to avoid "trading on" the name of another company. This argument could lead to litigation.

2. Fast Hash "trademark" cannot be found and may not be legally registered (?) at http://tess2.uspto.gov/bin/gate.exe?f=searchss&state=4806:ju8qz3.1.1

3. Fast Hash has not firmly established a brand name in the bitcoin community as yet, so a name change should have very little negative impact, while largely alleviating other concerns.

My 2 satoshis

ice breaker at it again.. watch out! 

Exactly the opposite; I just sold my last few shares.   

Credibility, Sir.  Do you have any?


BTCT:
ACTIVEMINING   ▼ [email protected]

Bitfunder:
ACTIVEMINING   ▼ [email protected]

I posted a comment on that blog post, but it was awaiting moderation and not sure if it will get posted.

Should also note that all 4 of the 28nm chips mentioned in that post (KNCMiner, Hashfast, BFL and Cointerra) all get included in their fancy mining projection site:
http://mining.thegenesisblock.com/

Just looked over the Advisory Board membership. I know most of those members from either postings on here or through personal conversations by phone or on IRC.   They each have either business or technical experience and appear to be good choices.

The idea of having monthly meetings with both large shareholders and the technical advisory board makes loads of sense. It allows for a balance of sorts, since large shareholders want to make money and have a vested interest in the long term success of ActM, but may not have the technical expertise, and some of the fellows on the board have clear technical skills but may not have the financial resources to have bought enough shares to have more than 100K.  It seems overall like a good blend of skill set, goals and interests.

Other mining companies and hardware companies have had inaccessible CEOs, closed management teams, and have be secretive. The board and plan for including big shareholders in regular meetings makes Active Mining different from ALL the other BITCOIN mining companies and is one more reason why I am Bullish on ActM. I for one and glad to have this particular Cheerleading Squad in place.  One day, we will have a party consisting of Ken, the Advisory Board and the big share holders and we will be laughing at how once, people were critical of ActM, and eventually the same crtics clamored to buy the stock and buy the miners produced by ActM.

Announcement?

He's trying to pick up more cheap shares before the big announcement on Friday   Let him.

Never a dull moment when iCEBREAKER is in the house lol

UPDATE

It's time to regroup and radically rethink ACTM's best course of action in light of the Avalon/NRE disasters and overwhelming, credible competition from Hashfast and Cointerra.

If you can't beat them (in the race to 28nm and >1GH/watt) join them.

We must stop burning money on possibly neutral but probably negative ROI engineering and hardware, IE write off the Avalon and 20GH chips.

We must halt the BTC conversion process, and split available financial resources between Cointerra and Hashfast bulk chip orders.   Both companies accept BTC and offer miner protection plans (difficulty insurance) in case of negative ROI.

I know the 20GH chip was Ken's baby and it really really sucks to have to cancel it, but in Bitcoin time we are eons past our initial assumptions.  

We must also disband the Cult of ACTM cheerleaders now known as the Board.   Their groupthink is beyond pernicious, it is deadly to shareholder ROI and nimble, creative strategic agility.

Adapt or perish.

iCEBREAKER
Chairman Emeritus

Congrats to the Chosen Ones^TM

Liking the progress!

Looks good! Congrats to those appointed.

GOOD STUFF!
and good choices.

Looking forward to a nice healthy pace picking up with ActiveMining

I did for The Genesis Block. No answer.

The Advisory Board

Hello everyone, I wanted to bring you a special update regarding the formation of The Advisory Board to ActiveMining!
 
First we would like to thank everyone who submitted a request for board seat consideration, we received a steady supply of submissions and it was nice to read through all of them.  There is certainly a lot of talent in this community that is eager to assist and be part of the process.  We were a bit overwhelmed with the level of interest showed by shareholders in those first few hours of the announcement.  When the cutoff day hit, we knew there was going to be a lot of work, thought, consideration and debate over who this board is going to comprise of.  It is because of this, and the sheer number of individuals interested in forming The Advisory Board, that we have determined a function for all key, invited, large shareholders to be part of the process whether they are on the board or not.
 
Monthly shareholder meetings will be held for all qualified, vested shareholders to take part in with The Advisory Board as it is formed, and Ken directly.  We feel this will allow for further transparency, but also give each of you who are deeply invested in Active Mining a voice in the process.  There was a number of substantial applications who we felt can represent all shareholders of ActiveMining through these meetings.
 
When the board was first conceived we knew we wanted it to contain individuals who have skills and expertise in relevant fields.  The size of the board was one of debate, we didn’t want the board to be to large that communication breaks down with each member positioning to have their point heard.  As well, we didn't want the board to be small and limited in functionality.  Background, personality, interests vested, conduct and professionalism were all important factors in selection.  When taking all of this into account and reading all of the publicly available content outside of just the applications themselves, we felt like we were in a strong position to determine who would be on The Board.  With all of the material and knowledge in hand, we have formed The Board as such:

Vbs (Electrical/Electronic Engineering; IT)
ArcticWolf (Telecommunications Management, Electronics)
lewicki (Software Engineer, Web Developer)
lolstate (Entrepreneur; IT consultant)
ffssixtynine (Software developer; Business owner)
Streets 2.0 (Server Infrastructure; Public Relations)

This Advisory Board of member’s, its expansion and contraction, will be considered and allowed for in the event that a board member needs to step out, but to also enable others to step into a board seat when the value is needed.  This Board is an invite, we do not want anyone to feel locked into a position when they may need to focus their attention elsewhere.  We also do not want others to feel that there isn't the potential for them to be part of the board as it evolves.
 
 
Monthly Shareholder Meetings:

A schedule is still to be drafted for the Monthly Shareholder Meetings and will be released soon.  Below are a few questions I anticipate regarding this process.
 
How can I take part in the monthly ActiveMining meetings?
Any shareholder with more than 100K verifiable shares can apply to attend that monthly meeting with The Board
 
What if I do not own that many shares in ActiveMining, is there a way I can still attend?
We have considered this and will be sending out invites to select interested parties who have displayed interest as well as critical qualities that were considered for board positions.
 
How do I prove I own the required amount of shares?
On Bitfunder you can sign your address tied to your account.  On BTCT proof is a bit limited, a screenshot may be the only option at this point until Burnside has a better feature such as what Bitfunder employs.
 
What purpose will these monthly meetings serve?
The meetings will allow for orders of business to be discussed, new orders of business and questions to be answered as best possible.  They will also give larger shareholders the ability to engage the board members and Ken directly.
 
How will these meetings be structured and where will they take place?
Initially these meetings are going to only take place on IRC in a private channel on freenode.  The meetings structure will be controlled and orderly.  Each member in attendance will have the ability to bring questions and orders of business to the platform so that they may be addressed and discussed.  Of course, professionalism is expected in these meetings.  A more detailed format will be shared at the first meeting with the shareholders.
 
I have to apply to take part in each monthly meeting?
Yes and no.  What we would like to accomplish by this is prior to each meeting be able to verify that everyone taking part in the shareholder meeting(s) is a vested shareholder or someone that has been invited and wants to attend.  We certainly want to minimize disruption in these meetings, breed a constructive environment and operate in a manner suitable for all shareholders taking part.
 
Why is ActiveMining opening up shareholder meetings?
A monthly meeting with the large shareholders was something that had been discussed previously, and when we received all of the requests for board seats, it became clear there was a need for these meetings.  There are too many influential, creative minds that inquired and we would like for there to be a format for dialog.


More to come!

The fall is fractional while the climb is exponential.

The silence does no justice of hiding thier fears.

Interesting isn't it? It seems ActM is still in scam-territory.

Seems after the eAsic deal is complete ActM will rise from "scam" to having the "best ASIC designer team" overall.

Email them and ask why they are leaving ActM out.

Ill be very interested to see if they run the eASIC news when it comes out.

Once again, not a mention from The Genesis Block on ActM's planned 28nm chips (though 4 other competitors get a mention). Bit weird?
http://thegenesisblock.com/butterfly-labs-tests-market-tolerance-with-600-ghs-pre-order-announcement/

What I've learned in the btcworld is that we need real hardware or real planning. Everything else is not much.