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Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 145. (Read 479475 times)

sr. member
Activity: 335
Merit: 250
Imploding?

Sure, Bids of .00460 are a bit low, but that is most certainly not an implosion, especially since the price has been hovering around .005 for awhile.  Actually, it looks fine.

The news is good news.

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
Update:

Activemining-PR posted an update.  It was long and well written, containing many words but scant new information.

The Board is still being organized, as we all knew.   No goals or deadlines are stated for task completion, but investors are asked to be patient.  The controversial self-appointment of iCEBREAKER as Chairman Emeritus is the only significant development.

Activemining-PR filled a lot of space complaining about investors' desire for timely updates.  Nothing much is happening yet, but he's already overwhelmed by the enormity of the simple task of regular participation in this thread.  Apparently that's a full time job, and he's bitter about lack of compensation.  God forbid ACTM actually begins shipping products someday and he has real PR problems to deal with.

Zero reportable accomplishments made on the prototype Avalon boards. 
Again, no goals or deadlines, but at least we have his "hope" of getting over 66% of spec.

Conspicuous absence of any reaction to Yifu/Avalon's "customs delay" and refusal to communicate.
No mention of how their tardiness will effect R.O.I., deployment, dividends, etc.

Complete silence on the crucial issue of BTC conversion to the $1,000,000 NRE required for eASIC.

Share price on BTCT is 22% below 30 day average, 24hr high is below 7 day average.

Share price on Bitfunder (a much larger market without artificial supply constraints) has imploded even more dramatically.

Bids on both markets are very thin, resulting in today's flash crash to 0.0026 on Bitfunder.

Apparently investors are not impressed by the total black-out of substantive updates on the make-or-break BTC conversion, NRE payment, and protracted Avalon delay issues.

tl;dr The wheels are coming off and we're getting a lot of happy talk to gloss it over.

Sincerely,

iCEBREAKER
Chairman Emeritus, Activemining Board of Directors
hero member
Activity: 887
Merit: 1000
If they do not have the chips, how could they hashing at 66%.
Could you tell me how to create a prototype without chips hashing 66% capacity with cgminer. LOL.



We received sample chips, those are the chips we are testing with currently.  All of that early information most already know is found in the Overview and Speculation thread, first post.


You really should quote this funny one. I've no doubt about that ACTM has some chips, otherwise the prototype has no way to hash.

This is just the prototype.. they don't even have the chips from avalon yet.  I'm sure by the time they get the actual chips the boards will be fine tuned.

Edit: typo

I meant they have sample chips.. sorry had a few beers.
member
Activity: 210
Merit: 10
If they do not have the chips, how could they hashing at 66%.
Could you tell me how to create a prototype without chips hashing 66% capacity with cgminer. LOL.



We received sample chips, those are the chips we are testing with currently.  All of that early information most already know is found in the Overview and Speculation thread, first post.


You really should quote this funny one. I've no doubt about that ACTM has some chips, otherwise the prototype has no way to hash.

This is just the prototype.. they don't even have the chips from avalon yet.  I'm sure by the time they get the actual chips the boards will be fine tuned.

Edit: typo
newbie
Activity: 27
Merit: 0
If they do not have the chips, how could they hashing at 66%.
Could you tell me how to create a prototype without chips hashing 66% capacity with cgminer. LOL.



We received sample chips, those are the chips we are testing with currently.  All of that early information most already know is found in the Overview and Speculation thread, first post.
full member
Activity: 196
Merit: 100
If they do not have the chips, how could they hashing at 66%.
Could you tell me how to create a prototype without chips hashing 66% capacity with cgminer. LOL.

With every large order, Avalon give sample chips well in advance of the final delivery of the order. Im assuming that they are using these sample chips to create the prototypes so that when the final order arrives they have a head start on how to assemble them and get the most out of the chips.
hero member
Activity: 887
Merit: 1000
I'm pretty sure they are using sample chips from Avalon.
member
Activity: 210
Merit: 10
Update:

I wanted to give everyone an update and formally introduce a structure for news releases and updates.  

Firstly, the Board is nearing the final stages of completion; we still have a few more people to speak with before the final makeup of the board is carved out.  Please remain patient, it was never going to be a process where applicants submit and we determine the board immediately.  We still need to do some research on a few remaining applicants and some potential discussions with the candidates we have identified.  For the few I have contacted, you know who you are and probably now understand this is a process.  Like them, please remain patient, I cannot stress this enough.

Secondly, the repeated requests for updates.  As I said two days ago, we are focused on the tasks at hand and nothing is going to waver from that front.  There will never be daily Q & A sessions, and I wish everyone could understand why this is.  If we spent all of our time addressing the legitimate (and frequent illegitimate posts), no concrete, structured, easy to understand and read, information could be released.  It would fall further into a mash of posts, news and not news worthy contributions.  However, I am, and always have been, on freenode #ActiveMining for up to 8 hours each day.  If you have questions or concerns that you would like answers to I will answer them as best I can.  These threads for Active Mining on Bitcointalk have descended into back and forth off topic discussions and distractions.  It is hard to sift through what is legitimate and what is just banter, also there are questions that just cannot be legally answered at this time.  When the cloud is lifted around our partnerships, more news can be released with regularity, as I mentioned before.  At that point, I will be doing weekly updates, whether there is ground breaking news or not.  My aim is to keep everyone informed as best as humanly possible.

Third, functioning in a PR role for ActiveMining is not just a few minutes per day of answering questions and releasing news, it has morphed into full time.  Believe me I am not complaining, I just want to paint the picture for you; I would like to note, I am not being paid for my services.  Ken and I have an agreement, nothing more, and no compensation is changing hands.  I took on this role in an attempt to quell fears, uncertainty and doubt, but also to assist in steering the PR facing side of ActiveMining in the right direction.  There is still a lot of work to be done.  I meet or speak with Ken on almost a daily basis, help formulate an opinion held by the majority of shareholders and communication, assist in the board formation, and take on a further role outside of just being a PR mouth for ActiveMining.  It is not simply just a few minutes a day job.  All of the information I receive is from the CEO, and whatever he can release to me or allows to be released is passed along.

Prototypes:

These are still in the testing phase.  The image I have received since the initial pictures of the Engineers working on the boards was late last night.  The screenshot can be seen below of cgminer and one of the prototypes hashing at 66% capacity.  There was a problem with the UART, but it has too been resolved.  The Engineers are operating on the design specifications released by Avalon and are making progress.  The goals for the prototypes are still the same as when we first set out for them to be built.  This image, and the ones posted earlier, is all that I can publish thus far.  I expect to see more as we come closer to completion.



ACTM should seek these Chinese teams to product Avalon Clones with reasonable price and quick delivery.
https://bitcointalksearch.org/topic/avalon-220468
https://bitcointalksearch.org/topic/avalon504110g-229795

They are delivering now. Even the ASICME has delivered a few machines.

With everything designed and open sourced to you , with so long time,  you guys only be able to hashing at 66% now!

How about the 28nm boards when 28nm chips get ready?  who will design and product boards for you ?



This is just the prototype.. they don't even have the chips from avalon yet.  I'm sure by the time they get the actual chips the boards will be fine tuned.

If they do not have the chips, how could they hashing at 66%.
Could you tell me how to create a prototype without chips hashing 66% capacity with cgminer. LOL.

newbie
Activity: 50
Merit: 0
Whereas speculation is not productive when it becomes paranoid and unbound by reason, and

Whereas a vacuum of leadership does not serve the interests of shareholders, and

Whereas noblesse oblige entails those of a regal nature, gifted by nature with superior abilities, serve inferiors,

I hereby appoint myself Chairman Emeritus of the Active Mining Corporation, bound to all discharge all duties thus accrued including strategic advice, public relations, dispute resolution, and miscellaneous other tasks, et cetera.


Motion Denied with Prejudice

Counter Motion for iCEBREAKER to eat a bag of dicks,

All in Favor say aye

aye

Seconded.

aye +3
hero member
Activity: 887
Merit: 1000
Update:

I wanted to give everyone an update and formally introduce a structure for news releases and updates.  

Firstly, the Board is nearing the final stages of completion; we still have a few more people to speak with before the final makeup of the board is carved out.  Please remain patient, it was never going to be a process where applicants submit and we determine the board immediately.  We still need to do some research on a few remaining applicants and some potential discussions with the candidates we have identified.  For the few I have contacted, you know who you are and probably now understand this is a process.  Like them, please remain patient, I cannot stress this enough.

Secondly, the repeated requests for updates.  As I said two days ago, we are focused on the tasks at hand and nothing is going to waver from that front.  There will never be daily Q & A sessions, and I wish everyone could understand why this is.  If we spent all of our time addressing the legitimate (and frequent illegitimate posts), no concrete, structured, easy to understand and read, information could be released.  It would fall further into a mash of posts, news and not news worthy contributions.  However, I am, and always have been, on freenode #ActiveMining for up to 8 hours each day.  If you have questions or concerns that you would like answers to I will answer them as best I can.  These threads for Active Mining on Bitcointalk have descended into back and forth off topic discussions and distractions.  It is hard to sift through what is legitimate and what is just banter, also there are questions that just cannot be legally answered at this time.  When the cloud is lifted around our partnerships, more news can be released with regularity, as I mentioned before.  At that point, I will be doing weekly updates, whether there is ground breaking news or not.  My aim is to keep everyone informed as best as humanly possible.

Third, functioning in a PR role for ActiveMining is not just a few minutes per day of answering questions and releasing news, it has morphed into full time.  Believe me I am not complaining, I just want to paint the picture for you; I would like to note, I am not being paid for my services.  Ken and I have an agreement, nothing more, and no compensation is changing hands.  I took on this role in an attempt to quell fears, uncertainty and doubt, but also to assist in steering the PR facing side of ActiveMining in the right direction.  There is still a lot of work to be done.  I meet or speak with Ken on almost a daily basis, help formulate an opinion held by the majority of shareholders and communication, assist in the board formation, and take on a further role outside of just being a PR mouth for ActiveMining.  It is not simply just a few minutes a day job.  All of the information I receive is from the CEO, and whatever he can release to me or allows to be released is passed along.

Prototypes:

These are still in the testing phase.  The image I have received since the initial pictures of the Engineers working on the boards was late last night.  The screenshot can be seen below of cgminer and one of the prototypes hashing at 66% capacity.  There was a problem with the UART, but it has too been resolved.  The Engineers are operating on the design specifications released by Avalon and are making progress.  The goals for the prototypes are still the same as when we first set out for them to be built.  This image, and the ones posted earlier, is all that I can publish thus far.  I expect to see more as we come closer to completion.



ACTM should seek these Chinese teams to product Avalon Clones with reasonable price and quick delivery.
https://bitcointalksearch.org/topic/avalon-220468
https://bitcointalksearch.org/topic/avalon504110g-229795

They are delivering now. Even the ASICME has delivered a few machines.

With everything designed and open sourced to you , with so long time,  you guys only be able to hashing at 66% now!

How about the 28nm boards when 28nm chips get ready?  who will design and product boards for you ?



This is just the prototype.. they don't even have the chips from avalon yet.  I'm sure by the time they get the actual chips the boards will be fine tuned.
member
Activity: 210
Merit: 10
Update:

I wanted to give everyone an update and formally introduce a structure for news releases and updates.  

Firstly, the Board is nearing the final stages of completion; we still have a few more people to speak with before the final makeup of the board is carved out.  Please remain patient, it was never going to be a process where applicants submit and we determine the board immediately.  We still need to do some research on a few remaining applicants and some potential discussions with the candidates we have identified.  For the few I have contacted, you know who you are and probably now understand this is a process.  Like them, please remain patient, I cannot stress this enough.

Secondly, the repeated requests for updates.  As I said two days ago, we are focused on the tasks at hand and nothing is going to waver from that front.  There will never be daily Q & A sessions, and I wish everyone could understand why this is.  If we spent all of our time addressing the legitimate (and frequent illegitimate posts), no concrete, structured, easy to understand and read, information could be released.  It would fall further into a mash of posts, news and not news worthy contributions.  However, I am, and always have been, on freenode #ActiveMining for up to 8 hours each day.  If you have questions or concerns that you would like answers to I will answer them as best I can.  These threads for Active Mining on Bitcointalk have descended into back and forth off topic discussions and distractions.  It is hard to sift through what is legitimate and what is just banter, also there are questions that just cannot be legally answered at this time.  When the cloud is lifted around our partnerships, more news can be released with regularity, as I mentioned before.  At that point, I will be doing weekly updates, whether there is ground breaking news or not.  My aim is to keep everyone informed as best as humanly possible.

Third, functioning in a PR role for ActiveMining is not just a few minutes per day of answering questions and releasing news, it has morphed into full time.  Believe me I am not complaining, I just want to paint the picture for you; I would like to note, I am not being paid for my services.  Ken and I have an agreement, nothing more, and no compensation is changing hands.  I took on this role in an attempt to quell fears, uncertainty and doubt, but also to assist in steering the PR facing side of ActiveMining in the right direction.  There is still a lot of work to be done.  I meet or speak with Ken on almost a daily basis, help formulate an opinion held by the majority of shareholders and communication, assist in the board formation, and take on a further role outside of just being a PR mouth for ActiveMining.  It is not simply just a few minutes a day job.  All of the information I receive is from the CEO, and whatever he can release to me or allows to be released is passed along.

Prototypes:

These are still in the testing phase.  The image I have received since the initial pictures of the Engineers working on the boards was late last night.  The screenshot can be seen below of cgminer and one of the prototypes hashing at 66% capacity.  There was a problem with the UART, but it has too been resolved.  The Engineers are operating on the design specifications released by Avalon and are making progress.  The goals for the prototypes are still the same as when we first set out for them to be built.  This image, and the ones posted earlier, is all that I can publish thus far.  I expect to see more as we come closer to completion.



ACTM should seek these Chinese teams to product Avalon Clones with reasonable price and quick delivery.
https://bitcointalksearch.org/topic/avalon-220468
https://bitcointalksearch.org/topic/avalon504110g-229795

They are delivering now. Even the ASICME has delivered a few machines.

With everything designed and open sourced to you , with so long time,  you guys only be able to hashing at 66% now!

How about the 28nm boards when 28nm chips get ready?  who will design and product boards for you ?

sr. member
Activity: 350
Merit: 250
I want a new update..
We just had one a couple hours ago
I know..  And now I want a new one.. 
j/k
I do too. I wish we could get them every 10 minutes.  Maybe when google glass comes out we can have ken wear it and have a live stream connected to him at all times.

Lol~ good one.
sr. member
Activity: 266
Merit: 250
Kuroth yes that's amusing but can we please please keep this banter on the Speculation thread?

Official news, questions and enquiries on here only please. Someone feel free to pipe in if they don't agree with that. Many thanks everyone.
hero member
Activity: 887
Merit: 1000
I want a new update..



We just had one a couple hours ago

I know..  And now I want a new one.. 


j/k



I do too. I wish we could get them every 10 minutes.  Maybe when google glass comes out we can have ken wear it and have a live stream connected to him at all times.
full member
Activity: 196
Merit: 100
I want a new update..



We just had one a couple hours ago

I know..  And now I want a new one.. 


j/k

hero member
Activity: 887
Merit: 1000
I want a new update..



We just had one a couple hours ago
full member
Activity: 196
Merit: 100
I want a new update..

sr. member
Activity: 266
Merit: 250
These threads for Active Mining on Bitcointalk have descended into back and forth off topic discussions and distractions.  It is hard to sift through what is legitimate and what is just banter...

I think we know what you mean. Can I suggest that from now on any post with a  question for PR is begun with:

QUESTION FOR PR

that will help everyone keep track of relevant posts and help PR address (what he can) in a timely manner. Also lets try and keep chat on here to a minimum and instead put it over on the Speculation thread. How does everyone feel about that?

Thanks for you dedication Streets. You sound Very busy but that's hard for us to know unless you tell us, so even a quick 'too busy to answer that right now will get back within next few days' would help keep worried chatter here to a minimum. Cheers.
sr. member
Activity: 364
Merit: 250
Thanks for the update. Everyone can breath for another week now  Wink
Vbs
hero member
Activity: 504
Merit: 500
So, the prototype is hashing at 11.8 GH. Is that correct?

I also understand that is new, untested and not optimized. Could you fill in a few more details about what was running and what the optimized speed of that unit might be?

Are these the new Avalon chips that are supposed to come in? I can't think of any other reason to use OpenWRT

ActM ordered 20,000 chips, so they should have received 60 chip samples. It should go to ~17GH/s at 100% speed (282MH/s per chip).
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