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Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 309. (Read 479317 times)

Vbs
hero member
Activity: 504
Merit: 500
LOL there is complaints about the chassis the miner is to be housed in.  Lots of tears over the images being stolen, without any realization that those generic chassis' from chenbro are in fact what the miner will go in.

There! Smiley https://www.flickr.com/photos/98907028@N08/9282024072/ An ungeneric one straight from VMC's shop! Grin
full member
Activity: 490
Merit: 101
FRX: Ferocious Alpha
Should Ken spend money to hire a professional design firm to build the website then?

Yes, a very big YES!!

The website will be the face of the company - selling asic's to customers. It MUST be professional.

We're talking about spending $1Million on NRE, but won't spend a few $1000's on a proper website??



I put almost no stock in the design and layout of a website.  Anyone can make one look good, but I can see why certain people do feel this way.

I would tend to disagree though, the website is not and will not be the face of the company.  The customers and the delivery of a product, the miners, will be the face.  A website is a marketing tool, pure and simple.



^THIS

What? pretty soon there will be complaints about the design of the box the miner is going in... Packaging means fuckall. Packaging and design are a marketing gimmick that been forced down our throats by corps and ad agencies.

I'm a designer and I could give a shit what a companies website looks like unless they are a ad agency/design firm/etc.

A fancy website means one of three things:

1. The VC's took control of the reins and bitched about needing a fancy website.

2. A lame template was purchased from any multitude of cheap template design sites.

3. Way too much time was spent making a fancy website (cryoniks) so that a scam could be pulled off.

We're not selling juicers to average joe customers. These are specialized machines that take an expert to run properly. The people who want to buy these devices could really give a shit how fancy the design of the site is as long as the product delivers what it claims.


The more austere the more better.


LOL there is complaints about the chassis the miner is to be housed in.  Lots of tears over the images being stolen, without any realization that those generic chassis from chenbro are in fact what the miner will go in.
hero member
Activity: 658
Merit: 500
decentralize EVERYTHING...
Should Ken spend money to hire a professional design firm to build the website then?

Yes, a very big YES!!

The website will be the face of the company - selling asic's to customers. It MUST be professional.

We're talking about spending $1Million on NRE, but won't spend a few $1000's on a proper website??



I put almost no stock in the design and layout of a website.  Anyone can make one look good, but I can see why certain people do feel this way.

I would tend to disagree though, the website is not and will not be the face of the company.  The customers and the delivery of a product, the miners, will be the face.  A website is a marketing tool, pure and simple.



^THIS

What? pretty soon there will be complaints about the design of the box the miner is going in... Packaging means fuckall. Packaging and design are a marketing gimmick that has been forced down our throats by corps and ad agencies.

I'm a designer and I could give a shit what a companies website looks like unless they are a ad agency/design firm/etc.

A fancy website means one of three things:

1. The VC's took control of the reins and bitched about needing a fancy website.

2. A lame template was purchased from any multitude of cheap template design sites.

3. Way too much time was spent making a fancy website (cryoniks) so that a scam could be pulled off.

We're not selling juicers to average joe customers. These are highly specialized machines that take an expert to run properly. The people who want to buy these devices could really give a shit how fancy the design of the site is as long as the product delivers what it claims.


The more austere the more better.
legendary
Activity: 1442
Merit: 1000
Antifragile
Any shareholders dropped 4K (or more) on a FAST-HASH-ONE preorder yet? (link: http://virtualminingcorp.com/shop1/index.php?id_product=10&controller=product) I'm considering taking the plunge, and I wanted to know if that was a common sentiment amongst ActM shareholders.

I'm debating pulling the trigger on one as well. I just don't like putting cash down for a unit when i could buy shares at this point.

The bigger gamble is the price of BTC dropping hard. And to add some evidence to that, outside of the decent probability that we are still correcting, is the Gox problems regarding their illiquidity problem. That .25 BTC bounty for a screenshot of a successful withdrawl (active for days now and still unmet) is VERY TELLING. The growing disparity between Gox and STamp is also a concern.

I would love to get a miner but right now buying BTC at these prices is a gamble. On top of that getting a September delivery met is a bigger gamble. And on top of that the large numbers of ASICs about to be shipped is an even bigger gamble.

Suffice to say, the odds are not in our favor. My bet is to buy BTC if and when the price comes down.

I'll support the network with my erupter and Client and whenever my 7Gh Jalapeno arrives...
full member
Activity: 490
Merit: 101
FRX: Ferocious Alpha
Should Ken spend money to hire a professional design firm to build the website then?

Yes, a very big YES!!

The website will be the face of the company - selling asic's to customers. It MUST be professional.

We're talking about spending $1Million on NRE, but won't spend a few $1000's on a proper website??



I put almost no stock in the design and layout of a website.  Anyone can make one look good, but I can see why certain people do feel this way.

I would tend to disagree though, the website is not and will not be the face of the company.  The customers and the delivery of a product, the miners, will be the face.  A website is a marketing tool, pure and simple.
hero member
Activity: 896
Merit: 500
Dolphins Finance TRUSTED FINANCE
Should Ken spend money to hire a professional design firm to build the website then?

Yes, a very big YES!!

The website will be the face of the company - selling asic's to customers. It MUST be professional.

We're talking about spending $1Million on NRE, but won't spend a few $1000's on a proper website??

Vbs
hero member
Activity: 504
Merit: 500
Hmmm, here's a company with a slick website: cryoniks ...maybe you'd rather invest in them and play it safe

"Worlds first PC with on-board liquid nitrogen generator" Hahahahahhahahaha!!! Grin Grin Grin Grin You just made my day!!! Grin Grin Grin Grin

Edit: The even funnier thing is they rate it at 1000GH/s@2800W, so 0.35GH/s/W so it's even worse than ActM's chip! Roll Eyes
sr. member
Activity: 266
Merit: 250
Vbs: do you work for VMC? You seem like Ken's PR.

No, but I did my homework and keep doing it everyday.

You don't think a company raising 6-7 figure amounts from the community based on the promise of a future product with no guarantees whatsoever that it's not a giant scam should disclose as much information about it to its investors? The typos and such are a secondary issue but they are relevant as that site, along with Ken's posts here, are the image of the company.

Deserving of my outrage? Certainly. And it should be for all of us as when we only ask mediocrity and invest in it, mediocrity is all we can expect back.

Mediocrity? Ken has spent a whole year developing the xilinx RTL code for the chip so that any of this is possible. He also got one of the best companies on the boat, eAsic, to finalize the chip's development in record time and mass produce it.

Of course the web site can be improved but I would be CRAZY to invest on this based only on web-site cleanness and "company image". The meat is in the inside, not on the outside.

All of you what have said might be true. Or it might not be. What my issue is with the site, the language, content mistakes and vagueness is that Ken wants people to trust him with not only the NRE funds raised from the shares but also with $4k preorders when the ONLY info found on the site's product page is a generic chassic picture and a few marketing lines about how fast the product is. There is no evidence whatsoever on this site that the business and the Fast-Hash-One is legit. None.

It should be reasonable to expect criticism and doubt when the available information is so unclear and when there is so much money at stake. To me that is unacceptable from both a business and investor standpoint.



Hmmm, here's a company with a slick website: cryoniks ...maybe you'd rather invest in them and play it safe

 Cheesy Cheesy Cheesy
hero member
Activity: 658
Merit: 500
decentralize EVERYTHING...
Vbs: do you work for VMC? You seem like Ken's PR.

No, but I did my homework and keep doing it everyday.

You don't think a company raising 6-7 figure amounts from the community based on the promise of a future product with no guarantees whatsoever that it's not a giant scam should disclose as much information about it to its investors? The typos and such are a secondary issue but they are relevant as that site, along with Ken's posts here, are the image of the company.

Deserving of my outrage? Certainly. And it should be for all of us as when we only ask mediocrity and invest in it, mediocrity is all we can expect back.

Mediocrity? Ken has spent a whole year developing the xilinx RTL code for the chip so that any of this is possible. He also got one of the best companies on the boat, eAsic, to finalize the chip's development in record time and mass produce it.

Of course the web site can be improved but I would be CRAZY to invest on this based only on web-site cleanness and "company image". The meat is in the inside, not on the outside.

All of you what have said might be true. Or it might not be. What my issue is with the site, the language, content mistakes and vagueness is that Ken wants people to trust him with not only the NRE funds raised from the shares but also with $4k preorders when the ONLY info found on the site's product page is a generic chassic picture and a few marketing lines about how fast the product is. There is no evidence whatsoever on this site that the business and the Fast-Hash-One is legit. None.

It should be reasonable to expect criticism and doubt when the available information is so unclear and when there is so much money at stake. To me that is unacceptable from both a business and investor standpoint.



Hmmm, here's a company with a slick website: cryoniks ...maybe you'd rather invest in them and play it safe.
sr. member
Activity: 364
Merit: 250
As to my point on friedcat, I was not bashing him or trying to paint a picture of distrust.  I trust in Friedcat more so than I trust in my woman, and he has delivered massively.

I worry about your relationship!
full member
Activity: 154
Merit: 100
Any shareholders dropped 4K (or more) on a FAST-HASH-ONE preorder yet? (link: http://virtualminingcorp.com/shop1/index.php?id_product=10&controller=product) I'm considering taking the plunge, and I wanted to know if that was a common sentiment amongst ActM shareholders.

I'm debating pulling the trigger on one as well. I just don't like putting cash down for a unit when i could buy shares at this point.
full member
Activity: 490
Merit: 101
FRX: Ferocious Alpha
I think there is a language barrier with Ken, as English is not his first language.  It is not a slight or a flame, I accept that and that is why I offered to him my services to communicate his updates to the community more eloquently.

Ken really should take you (or someone) up on this. So many of these things can and should be properly and easily addressed, both formally on here in one single post and the website should be fixed up (and perhaps simplified/reworked). It will help the IPO, simple as that.

If you're trying to raise that much money, and it's a shedload of money, then you should deal with these matters because it directly affects your money raising attempts. It's all well and good being a great engineer but this is an IPO and needs to be dealt with accordingly. I have an investment but it's in my highest risk category not because I don't believe in the concept but because there have been endless communication failures. Many others won't be investing at all for this reason.

You may say well more fool them, but for Ken it's essential to get as many people on board as quickly as possible. And for you too. At the numbers involved you'll have lots of people who don't have the time or inclination to do significant research, so you want to make it easy for them.

I'm in no way criticising Ken's work in an engineering capacity but I think the public relations side needs addressing and he probably needs help to do that. Say what you like about friedcat, he's handled himself very well and he's come through with the goods. I hope Ken comes through too!



I agree whole heartedly on a lot of your points, and have been taking an intitiative without full on approval from Ken to get all of this information in one place.  Potential investors need this information easily available to make informed decisions.  As to my point on friedcat, I was not bashing him or trying to paint a picture of distrust.  I trust in Friedcat more so than I trust in my woman, and he has delivered massively.  Ken is building trust, and this is the initial phase in the path to delivery.
full member
Activity: 196
Merit: 100
Vbs: do you work for VMC? You seem like Ken's PR.

No, but I did my homework and keep doing it everyday.

You don't think a company raising 6-7 figure amounts from the community based on the promise of a future product with no guarantees whatsoever that it's not a giant scam should disclose as much information about it to its investors? The typos and such are a secondary issue but they are relevant as that site, along with Ken's posts here, are the image of the company.

Deserving of my outrage? Certainly. And it should be for all of us as when we only ask mediocrity and invest in it, mediocrity is all we can expect back.

Mediocrity? Ken has spent a whole year developing the xilinx RTL code for the chip so that any of this is possible. He also got one of the best companies on the boat, eAsic, to finalize the chip's development in record time and mass produce it.

Of course the web site can be improved but I would be CRAZY to invest on this based only on web-site cleanness and "company image". The meat is in the inside, not on the outside.

All of you what have said might be true. Or it might not be. What my issue is with the site, the language, content mistakes and vagueness is that Ken wants people to trust him with not only the NRE funds raised from the shares but also with $4k preorders when the ONLY info found on the site's product page is a generic chassic picture and a few marketing lines about how fast the product is. There is no evidence whatsoever on this site that the business and the Fast-Hash-One is legit. None.

It should be reasonable to expect criticism and doubt when the available information is so unclear and when there is so much money at stake. To me that is unacceptable from both a business and investor standpoint.


If you had read the threads you would know this has all been addressed and you are rehashing old ground. Don't expect us to do your due diligence for you. Like I say, read the threads - then you're 95% there. Otherwise, you'd be foolish to invest in this venture.
sr. member
Activity: 364
Merit: 250
I think there is a language barrier with Ken, as English is not his first language.  It is not a slight or a flame, I accept that and that is why I offered to him my services to communicate his updates to the community more eloquently.

Ken really should take you (or someone) up on this. So many of these things can and should be properly and easily addressed, both formally on here in one single post and the website should be fixed up (and perhaps simplified/reworked). It will help the IPO, simple as that.

If you're trying to raise that much money, and it's a shedload of money, then you should deal with these matters because it directly affects your money raising attempts. It's all well and good being a great engineer but this is an IPO and needs to be dealt with accordingly. I have an investment but it's in my highest risk category not because I don't believe in the concept but because there have been endless communication failures. Many others won't be investing at all for this reason.

You may say well more fool them, but for Ken it's essential to get as many people on board as quickly as possible. And for you too. At the numbers involved you'll have lots of people who don't have the time or inclination to do significant research, so you want to make it easy for them.

I'm in no way criticising Ken's work in an engineering capacity but I think the public relations side needs addressing and he probably needs help to do that. Say what you like about friedcat, he's handled himself very well and he's come through with the goods. I hope Ken comes through too!

sr. member
Activity: 617
Merit: 250
Vbs: do you work for VMC? You seem like Ken's PR.

No, but I did my homework and keep doing it everyday.

You don't think a company raising 6-7 figure amounts from the community based on the promise of a future product with no guarantees whatsoever that it's not a giant scam should disclose as much information about it to its investors? The typos and such are a secondary issue but they are relevant as that site, along with Ken's posts here, are the image of the company.

Deserving of my outrage? Certainly. And it should be for all of us as when we only ask mediocrity and invest in it, mediocrity is all we can expect back.

Mediocrity? Ken has spent a whole year developing the xilinx RTL code for the chip so that any of this is possible. He also got one of the best companies on the boat, eAsic, to finalize the chip's development in record time and mass produce it.

Of course the web site can be improved but I would be CRAZY to invest on this based only on web-site cleanness and "company image". The meat is in the inside, not on the outside.

All of you what have said might be true. Or it might not be. What my issue is with the site, the language, content mistakes and vagueness is that Ken wants people to trust him with not only the NRE funds raised from the shares but also with $4k preorders when the ONLY info found on the site's product page is a generic chassic picture and a few marketing lines about how fast the product is. There is no evidence whatsoever on this site that the business and the Fast-Hash-One is legit. None.

It should be reasonable to expect criticism and doubt when the available information is so unclear and when there is so much money at stake. To me that is unacceptable from both a business and investor standpoint.
sr. member
Activity: 266
Merit: 250
Science!
I think there is a language barrier with Ken, as English is not his first language.  It is not a slight or a flame, I accept that and that is why I offered to him my services to communicate his updates to the community more eloquently.

I'm not sure if this is true—southern English is not that different  Wink. Can someone who has spoken to him please clarify this?
full member
Activity: 490
Merit: 101
FRX: Ferocious Alpha
I offered to help with the grammatical errors, and PR relations to the community.... for FREE... no shares, no handouts, just relaying of communication.  You won't get anyone who has done most of the heavy lifting to offer handouts because you have a stronger grasp on the English language and can operate dreamweaver - and I see nothing wrong with doing some of my own due diligence when investing.  I was very skeptical at the beginning, and even up to a month ago, until compiling a complete profile on this company and what it is attempting to accomplish.  Ken can attest, I blasted him on a few posts, sent him some unsavory pm's asking/demanding information.  To his credit, he has answered and responded, and I pointed my nose in the right direction to learn more about him, some of the accusations put upon him, and the erroneous slander published here on this very forum.

I dont care what the site looks like in its infancy, ASICMINER doesn't even have a website and people have no problem dumping a shit ton of capital into that security.  Friedcat has fallen off with his communication to the community, delayed his new blades, is taking pre-orders for them too!  Yet, here they are, me included, buying up shares.  Some people around here focus only on what is in front of them, and can't get off their lazy asses to do their own research.  Grammatical errors mean nothing, a layout of a website means nothing, what matters is the execution of the business model.  Ken is doing that, and is actually doing a pretty good job since straightening out the ship.

That's a good post and fair comment, but it's quite clear that communication issues remain. If you read other threads here, there are (apparently) issues over photos in use that simply shouldn't be. If true, this is clearly really bad and very unhelpful. That's the stuff that is worse than not having a website or being too busy. And that should be sorted out.



I addressed the pictures and uninformed posts by others in the speculation thread, see my first post updated and last post there.  Will cross post here too - Chenbro is the chassis people, it will be modified, there is no dvd rom, the pictures were not stolen, the wall is the IPO for funding the NRE, the merge and contract rewrite was a restructuring done in collaboration with the community and more heavily invested shareholders...

Communication issues?  I see Ken posting quite a bit and responding to my PM's along with others.  I know where you are getting these concerns, and I am not bashing anyone or them, legitimate concerns that are accompanied by legitimate answers.  As a comparison, last friedcat update was June 24th, and Ken updates on Active Mining activities multiple times a day.

I think there is a language barrier with Ken, as English is not his first language.  It is not a slight or a flame, I accept that and that is why I offered to him my services to communicate his updates to the community more eloquently.
sr. member
Activity: 266
Merit: 250
Science!
Any shareholders dropped 4K (or more) on a FAST-HASH-ONE preorder yet? (link: http://virtualminingcorp.com/shop1/index.php?id_product=10&controller=product) I'm considering taking the plunge, and I wanted to know if that was a common sentiment amongst ActM shareholders.
Vbs
hero member
Activity: 504
Merit: 500
Trip to Springfield - Quick Summary

I am going to give a very quick summary of my meeting with Ken.  I am going to be busy tomorrow, so I will try to get a thorough report out in a few days.  I also need to clarify a few things with Ken and let him review anything he might not want revealed at this time or at all.


Overall Impression - Good/Positive

Ken and I talked for a few hours.  I told Ken a little bit about myself, but we mostly talked about his endeavors.  He's got quite a bit of experience in all types of businesses and some good business philosophies to back it up.  I have the impression that Ken is a driven, honest, and frugal person.  I definitely did not sense any red flags at any time during our conversation.  Ken drove me over to Springfield Underground and VMC headquarters.  Here are the pictures I took.  More details to come in a few days. 

http://www.flickr.com/photos/98907028@N08/

That thorough report would be nice now! Wink
sr. member
Activity: 364
Merit: 250
I offered to help with the grammatical errors, and PR relations to the community.... for FREE... no shares, no handouts, just relaying of communication.  You won't get anyone who has done most of the heavy lifting to offer handouts because you have a stronger grasp on the English language and can operate dreamweaver - and I see nothing wrong with doing some of my own due diligence when investing.  I was very skeptical at the beginning, and even up to a month ago, until compiling a complete profile on this company and what it is attempting to accomplish.  Ken can attest, I blasted him on a few posts, sent him some unsavory pm's asking/demanding information.  To his credit, he has answered and responded, and I pointed my nose in the right direction to learn more about him, some of the accusations put upon him, and the erroneous slander published here on this very forum.

I dont care what the site looks like in its infancy, ASICMINER doesn't even have a website and people have no problem dumping a shit ton of capital into that security.  Friedcat has fallen off with his communication to the community, delayed his new blades, is taking pre-orders for them too!  Yet, here they are, me included, buying up shares.  Some people around here focus only on what is in front of them, and can't get off their lazy asses to do their own research.  Grammatical errors mean nothing, a layout of a website means nothing, what matters is the execution of the business model.  Ken is doing that, and is actually doing a pretty good job since straightening out the ship.

That's a good post and fair comment, but it's quite clear that communication issues remain. If you read other threads here, there are (apparently) issues over photos in use that simply shouldn't be. If true, this is clearly really bad and very unhelpful. That's the stuff that is worse than not having a website or being too busy. And that should be sorted out.

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