People are running out of patience with the impenetrable wall it seems
Too much down pressure on BitFunder. It will have to be relieved of about 500k shares before it goes back up to .0025. Good thing is, people are still buying on the way down.
Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 315. (Read 479317 times)
Too much down pressure on BitFunder. It will have to be relieved of about 500k shares before it goes back up to .0025. Good thing is, people are still buying on the way down.
People are running out of patience with the impenetrable wall it seems
Curious what the new 29998 wall at 0.002499 on BTC-TC is all about?
Anyone?
Anyone?
Speculators
Curious what the new 29998 wall at 0.002499 on BTC-TC is all about?
Anyone?
Anyone?
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/
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/
Great Pics! Sounds like it was a success. Can't wait to read FULL Report!
+1 Babefoot
Who else is looking at the way those ask orders are stacked, especially the ones after .00250, and thinking, hmmmm?
Tactics yes, but not sure its trading tactics.
Tactics yes, but not sure its trading tactics.
I thought the same thing, looks a though someone is intentionally trying to keep the price down
Seems someone is flushing weak hands down to get more shares at a discount rate.
Is the 28nm chips that ACM will deliver the best thing on the market in the near future or is there a competition promising to deliver even more top notch stuff? (let's say this year)
KnC is also developing a 28nm 100GH/s (~250W) chip, expected for September, although it uses ~2.67x more power for the same hashrate (0.4GH/s/W vs. ActM's chip at 1.067GH/s/W).
When the NRE funds are gathered, ActM will have chips fully rolling out (e-beamed) in just 3 months.
What are the current plans for chip development?
ActiveMining is in the process of gathering necessary funds for paying NRE costs on its 28nm chip. We hope these funds to be gathered soon, so that chip production can start as soon as possible. Estimated dates after NRE payment are:
ActiveMining is in the process of gathering necessary funds for paying NRE costs on its 28nm chip. We hope these funds to be gathered soon, so that chip production can start as soon as possible. Estimated dates after NRE payment are:
- Chip samples delivered in 9 weeks;
- Low-volume chip production starting in 12 weeks, using an e-beam process;
- Normal volume chip production starting in 16-18 weeks.
Bitfury just got 1.2GH/s for 0.8 watts. How do you think that will play out?
https://www.youtube.com/watch?v=kYyrNhLwrn0
Using performance numbers, for 16GH/s, 13.333 of their chips are equal to 1 of ActM. Using power numbers, for 15W, 18.75 of their chips are equal to 1 of ActM. What about the price? Can they get 14-19 chips cheaper than ActM gets 1?
What about when ActM transitions their chip to an easicopy high volume process, where the unit price is like a 1/3-1/4-1/5 of the nextreme price with even less power and more performance?
And after ActM is in the eASIC boat, what about when eASIC gets out their next-gen 14nm in 1-2 years and all Ken has to do is give them a call and say "Convert our design to 14nm please"?
... a bunch of updates and a random email ...
+1
Great post, well written. The plans have been laid out plainly since the beginning.
It looks like somebody is doing something, but that is not a plan.
The purpose of providing a plan to investors is so that they can evaluate the company and verify for themselves that the goals that the company has set for itself are actually achievable.
I want something that I can take to industry experts and ask them if this company has a realistic plan as well as the resources and experience to pull it off.
Fanboys don't care about any of that, of course.
What "industry experts"? Bitcoin mining is a new industry and is currently in a state of revolution from where it was at just 6 months ago. Ken has provided enough details as to his intentions and how he will realize them for someone who has done research into the situation. You're going to have to look into things yourself to decide if AM is worth it or not...
Yes to AMC-PT but no to AM? Just curious, maybe it would be better if it was called ActiveMiner-PT. That might be more technically accurate too..
It is not going to be a pass-thru, as the offering allows shares to be traded on different exchanges. The limit is only 10,000,000 can be issued at any one time over all the exchanges.
Quote
... Final PCB design will be completed within the next 24 hours and sent to the fab houses for production.
That sounds like a plan...
Quote
We are working with both US and oversees PCB fab houses in order to reduce manufacturing lead time so all components are ready prior to chip arrival.
The BOM has been purchased, and parts have begun arriving at the assembly house. All parts should be in and ready for assembly by next week.
The BOM has been purchased, and parts have begun arriving at the assembly house. All parts should be in and ready for assembly by next week.
That sounds like a plan...
Quote
Hi Gerald,
We expect to have the prototype boards completed by July 23^rd . We would be
ready for your visit / prototype verification, the week of the 29^th .
Please let me know when you plan to be here. Will you send us cable sets,
boxes, power supplies etc? We can verify there are no issues that will slow
us down once you get here.
Best regards,
We expect to have the prototype boards completed by July 23^rd . We would be
ready for your visit / prototype verification, the week of the 29^th .
Please let me know when you plan to be here. Will you send us cable sets,
boxes, power supplies etc? We can verify there are no issues that will slow
us down once you get here.
Best regards,
That sounds like someone else is moving along with the plan as well! hmm..
Quote
Our Fast-Hash-One chip is being developed for VMC by
eASIC: http://www.easic.com
using there Fast ASIC Turn Around process
eASIC: http://www.easic.com
using there Fast ASIC Turn Around process
That sounds like a plan..
Quote
Avalon prototype boards - The engineering firm that he employed for the boards has the 60 sample chips from the 2 avalon chip bulk orders, pictures will be coming for those when he gets his hands on them within 2 weeks. There are 20,000 of them incoming. Avalon will start shipping the chips at the beginning of July. AMC has pre-orders a for a few of these, the rest will be built and mined by AM
That sounds like a plan..
- 6 Avalon miners, running on BTC Guild under "Team AMC" for around 430 GH/s.
- Order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s
- 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s
In total, around 6,377 GH/s[/b].
And that was more plans with the current assets and orders
want more??
Quote
VMC has a contract with AMC to repay to AMC 100% of the Non Recuring Engeering (NRE) fee that
AMC provides to VMC to develope an ASIC for bitcoin mining. VMC will pay to AMC 100% of the profits
from bulk chips sales after AMC's royalty payment, cost of goods sold, and all direct expenses required
to sale the chips.
AMC provides to VMC to develope an ASIC for bitcoin mining. VMC will pay to AMC 100% of the profits
from bulk chips sales after AMC's royalty payment, cost of goods sold, and all direct expenses required
to sale the chips.
Sounds like planning involved with NRE. Cool hey?
So there's SOME of the plans Ken has layed out. There are a shitload of other plans but I think posting them are redundant because you can just read through the thread to see them.
If you still do not consider these plans, please be more specific because from what I have posted here seems to match up perfectly with the definition of
plan;
[plan] Show IPA noun, verb, planned, plan·ning.
noun
1.
a scheme or method of acting, doing, proceeding, making, etc., developed in advance: battle plans.
2.
a design or scheme of arrangement: an elaborate plan for seating guests.
3.
a specific project or definite purpose: plans for the future.
4.
Also called plan view. a drawing made to scale to represent the top view or a horizontal section of a structure or a machine, as a floor layout of a building.
5.
a representation of a thing drawn on a plane, as a map or diagram: a plan of the dock area.
+1
Great post, well written. The plans have been laid out plainly since the beginning.
Quote
... Final PCB design will be completed within the next 24 hours and sent to the fab houses for production.
That sounds like a plan...
Quote
We are working with both US and oversees PCB fab houses in order to reduce manufacturing lead time so all components are ready prior to chip arrival.
The BOM has been purchased, and parts have begun arriving at the assembly house. All parts should be in and ready for assembly by next week.
The BOM has been purchased, and parts have begun arriving at the assembly house. All parts should be in and ready for assembly by next week.
That sounds like a plan...
Quote
Hi Gerald,
We expect to have the prototype boards completed by July 23^rd . We would be
ready for your visit / prototype verification, the week of the 29^th .
Please let me know when you plan to be here. Will you send us cable sets,
boxes, power supplies etc? We can verify there are no issues that will slow
us down once you get here.
Best regards,
We expect to have the prototype boards completed by July 23^rd . We would be
ready for your visit / prototype verification, the week of the 29^th .
Please let me know when you plan to be here. Will you send us cable sets,
boxes, power supplies etc? We can verify there are no issues that will slow
us down once you get here.
Best regards,
That sounds like someone else is moving along with the plan as well! hmm..
Quote
Our Fast-Hash-One chip is being developed for VMC by
eASIC: http://www.easic.com
using there Fast ASIC Turn Around process
eASIC: http://www.easic.com
using there Fast ASIC Turn Around process
That sounds like a plan..
Quote
Avalon prototype boards - The engineering firm that he employed for the boards has the 60 sample chips from the 2 avalon chip bulk orders, pictures will be coming for those when he gets his hands on them within 2 weeks. There are 20,000 of them incoming. Avalon will start shipping the chips at the beginning of July. AMC has pre-orders a for a few of these, the rest will be built and mined by AM
That sounds like a plan..
- 6 Avalon miners, running on BTC Guild under "Team AMC" for around 430 GH/s.
- Order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s
- 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s
In total, around 6,377 GH/s[/b].
And that was more plans with the current assets and orders
want more??
Quote
VMC has a contract with AMC to repay to AMC 100% of the Non Recuring Engeering (NRE) fee that
AMC provides to VMC to develope an ASIC for bitcoin mining. VMC will pay to AMC 100% of the profits
from bulk chips sales after AMC's royalty payment, cost of goods sold, and all direct expenses required
to sale the chips.
AMC provides to VMC to develope an ASIC for bitcoin mining. VMC will pay to AMC 100% of the profits
from bulk chips sales after AMC's royalty payment, cost of goods sold, and all direct expenses required
to sale the chips.
Sounds like planning involved with NRE. Cool hey?
So there's SOME of the plans Ken has layed out. There are a shitload of other plans but I think posting them are redundant because you can just read through the thread to see them.
If you still do not consider these plans, please be more specific because from what I have posted here seems to match up perfectly with the definition of
plan;
[plan] Show IPA noun, verb, planned, plan·ning.
noun
1.
a scheme or method of acting, doing, proceeding, making, etc., developed in advance: battle plans.
2.
a design or scheme of arrangement: an elaborate plan for seating guests.
3.
a specific project or definite purpose: plans for the future.
4.
Also called plan view. a drawing made to scale to represent the top view or a horizontal section of a structure or a machine, as a floor layout of a building.
5.
a representation of a thing drawn on a plane, as a map or diagram: a plan of the dock area.
BTC-TC Business Plan:
...
...
That's not a plan. That's a list of goals, and there is no information about how you can achieve them.
Did you click on the links and read the description?
Who else is looking at the way those ask orders are stacked, especially the ones after .00250, and thinking, hmmmm?
Tactics yes, but not sure its trading tactics.
Tactics yes, but not sure its trading tactics.
I thought the same thing, looks a though someone is intentionally trying to keep the price down
BTC-TC Business Plan:
================================================================
Mission Statement:
"Make Our Customer And Investor Successful, Then The Company Will Be Successful"
Our goal as a merged company is 1) To create the "World Largest Bitcoin Mining Farm" 2) To be the #1 Manufacture of bitcoin mining machines in the world.
Growth & Potential:
Manufacturing Business (VMC)
VMC expects to sell 921.6 TH/s of mining equipment in the Next 12 months.
Mining Business (AMC Belize)
AMC expects to build the "World Largest Bitcoin Mining Farm" using its own developed 28nm ASIC "World Fastest Bitcoin Mining Chip" with our partner http://www.eASIC.Com using their Fast Turnaround Process.
The mining business expects to be mining in the next 24 months with this amout of hashing power:
Total Bitcoin Mining Equipment hashing power by March 2015 (992,384,000 MH/s * 992,384 GH/s * 992.384 TH/s)
The global ActiveMining's income, including mining income, hardware sales via bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, after all manufacturing, maintenance, labor costs, R&D, growth and miscellaneous expenses are deducted.
This is a contiuation of the Active Mining Cooperative mining business listed here:
https://bitfunder.com/asset/AMC click on Profile->Description.
And adding to that business Virtual Mining Corporation's business listed here:
http://www.virtualminingcorp.com
================================================================
Mission Statement:
"Make Our Customer And Investor Successful, Then The Company Will Be Successful"
Our goal as a merged company is 1) To create the "World Largest Bitcoin Mining Farm" 2) To be the #1 Manufacture of bitcoin mining machines in the world.
Growth & Potential:
Manufacturing Business (VMC)
VMC expects to sell 921.6 TH/s of mining equipment in the Next 12 months.
Mining Business (AMC Belize)
AMC expects to build the "World Largest Bitcoin Mining Farm" using its own developed 28nm ASIC "World Fastest Bitcoin Mining Chip" with our partner http://www.eASIC.Com using their Fast Turnaround Process.
The mining business expects to be mining in the next 24 months with this amout of hashing power:
Total Bitcoin Mining Equipment hashing power by March 2015 (992,384,000 MH/s * 992,384 GH/s * 992.384 TH/s)
The global ActiveMining's income, including mining income, hardware sales via bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, after all manufacturing, maintenance, labor costs, R&D, growth and miscellaneous expenses are deducted.
This is a contiuation of the Active Mining Cooperative mining business listed here:
https://bitfunder.com/asset/AMC click on Profile->Description.
And adding to that business Virtual Mining Corporation's business listed here:
http://www.virtualminingcorp.com
Is the 28nm chips that ACM will deliver the best thing on the market in the near future or is there a competition promising to deliver even more top notch stuff? (let's say this year)
KnC is also developing a 28nm 100GH/s (~250W) chip, expected for September, although it uses ~2.67x more power for the same hashrate (0.4GH/s/W vs. ActM's chip at 1.067GH/s/W).
When the NRE funds are gathered, ActM will have chips fully rolling out (e-beamed) in just 3 months.
What are the current plans for chip development?
ActiveMining is in the process of gathering necessary funds for paying NRE costs on its 28nm chip. We hope these funds to be gathered soon, so that chip production can start as soon as possible. Estimated dates after NRE payment are:
ActiveMining is in the process of gathering necessary funds for paying NRE costs on its 28nm chip. We hope these funds to be gathered soon, so that chip production can start as soon as possible. Estimated dates after NRE payment are:
- Chip samples delivered in 9 weeks;
- Low-volume chip production starting in 12 weeks, using an e-beam process;
- Normal volume chip production starting in 16-18 weeks.
Bitfury just got 1.2GH/s for 0.8 watts. How do you think that will play out?
https://www.youtube.com/watch?v=kYyrNhLwrn0
Who else is looking at the way those ask orders are stacked, especially the ones after .00250, and thinking, hmmmm?
Tactics yes, but not sure its trading tactics.
Tactics yes, but not sure its trading tactics.
0/2 on BTC-TC. Looks like they want a business plan. Ken, can you put one up?
Yes, I can do that.
Well while the BTCT situation is getting worked on I managed to buy a few thousand over at bitfunder at a 15% discount.
0/2 on BTC-TC. Looks like they want a business plan. Ken, can you put one up?
Quote
In other words, profits from mining will never reach 0.0025 BTC/share unless ActiveMining increases its hash power at least as fast as the difficulty rises.
I highly doubt Activemining would limit itself to your numbers. They will obviously continue investing in new hashing power as the opportunity arises, as well as more hardware production, just as Friedcat does.
Sell your hashing power as hardware when you reach a good portion of the network, and then liquidate your excess equipment to the market for an ever higher markup. Produce more, hash more, sell, repeat..
Very Very Sharp!
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