Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 49. (Read 479475 times)

Up to date summary schedule AFAIK:

Current
PCIE/USB boards for eAsic chips under development by specialized engineering firm
R&D on chip hashing/power improvements until metal layer sign off is needed

Scheduled
October: Sample chips & Low-volume process
Mid-November: High-volume process and Customer delivery (from mid-november onwards)

Unknown
Awaiting Avalon delivery for Klondikes

(the 20k avalon chips were cancelled)

Also, as a reminder, the first 0.0025 of shares will be repaid in full before ActiveMining take out any profit.

What if we attempt to be more constructive?

At the moment, Actm need to clean up this PR mess. Clearing up this mess, will clear up a lot of other BS.

So, I propose the following (this is addition to what ever you guys are doing over there):

1  Make a short term list for the next 2 weeks (all tasks must be fully completed in next 2 weeks)  – [publishing date]
   1.1  get the accounting in order – [date]
      1.1.1  and publish financial statements – [date]
1.2  Get the project plan in order and give short but clear statement to shareholders (do not hide fuck up's)  successes, failures, status of failures as of now – [date]
   1.3  publish the updated roadmap for next 3 weeks – [date]
      1.3.1  and 3 months.  – [date]
  1.4  Publish a list potential risks involved at current stage and what is your estimate for those risks to materialize (0%-100%)

Can you do all that in one week?
(this is actually 1-2 days, with <40% workload, worth of work, unless this is the first time)

I don't mean to sound ungrateful but did you really each do ~$5k worth of work? May I ask what on? How many advisors are we talking about here? And you couldn't do any trading? Not even set an ask order?

My own thoughts are if it happens, it should be a once-off opportunity open to everyone to transfer the shares. Anyhow, don't mean to bust your balls over your thoughtful reply, thanks for what you do and sharing this info.

As a shareholder, a significantly large one, that is simply scary.

re: share price - I'd like to get some more into BTCT (including personally). I've given Ken some options and to be fair he's offered to move a proportion of shares of the advisers over as we've been doing a shedload of work unpaid (VE paid $5k for this not so long ago) and couldn't do any trading pre-eASIC announcement due to being on the board (so we bought at 0.0025ish, and that's where the price is now).

Either establish an official transfer policy and service that anyone can take advantage of, or don't do it at all. No need to be shady.

To reiterate, it's not a money or time thing to Ken, he is just happy with how his site and how it is performing.

Haha!

People either forget or don't realise that we don't work for Ken and we don't work for ActiveMining.

We're not here to defend things that we believe aren't right, we're here to try and put them right. Where we can't do that, change needs to come from internal or we have to trust Ken's decisions.

We volunteered to help improve some long standing issues and hoped to have input in the future. As things stand, we've done some of what we hoped but definitely nowhere near as much as we wanted.

Engineering wise ActiveMining are in a good place as things stand, but marketing wise we differ from Ken significantly. I won't hide the frustration we've felt over topics such as marketing, the website and sales strategy. We just don't have the power to change those things and so the ball is always in Ken's court.

For the time being I think we just need to accept that Ken isn't going for the swish presentation of others. He's happy with what he has and is now focused on delivery. I'm not saying I agree with this by the way, just that this is how it is. Ken will say so himself if you talk to him about it.

re: share price - I'd like to get some more into BTCT (including personally). I've given Ken some options and to be fair he's offered to move a proportion of shares of the advisers over as we've been doing a shedload of work unpaid (VE paid $5k for this not so long ago) and couldn't do any trading pre-eASIC announcement due to being on the board (so we bought at 0.0025ish, and that's where the price is now).

However, I'd prefer the offer open to others so asked Ken again about doing a very limited offer.

I feel like it's a bit of a no win situation. I know from PMs that people assume we made a quick big profit or could insider trade when both are wrong. In fact, if you want to make money, don't be on an advisory board!

However, I'd prefer the offer open to others so asked Ken again about doing a very limited offer.

I feel like it's a bit of a no win situation. I know from PMs that people assume we made a quick big profit or could insider trade when both are wrong. In fact, if you want to make money, don't be on an advisory board!

*coughs up orange juice*

I haven't been able to follow exactly everything that has been going on.

Whats the negative points for ActiveMining? They are using eAsic which is a well established company that generates different types of asic on a daily basis, their foundry is Fujitsu.

What exactly is bad about the company so far?

I think basically 0.00249xxxxx!

The price will bounce around with news (PR would be helpful here for sure) but they are certainly inherently worth the original asking price given that the eASIC deal has been confirmed.

Isn't it Streets 2.0?

In other words, some of that 0.025 has already been paid out, so how much is left per share?

Some people are probably right in saying that Ken is doing too much

Also, as a reminder, the first 0.0025 of shares will be repaid in full before ActiveMining take out any profit.

To be fair, the eASIC news was good (brilliant news in fact) and the only people who have a problem with anything right now are shareholders who want a lot more info because they want share movement or confidence.

In fact, the only things not going to Ken's original plans are deliveries in Nov rather than Oct/Nov and Avalon letting everyone down. And we're told that a lot more is going on too, just like at other chip companies. R&D doesn't stop.

I'm not excusing communication issues but company plan wise it's still as advertised basically, Avalon apart (and refund requested anyway).

Sometimes it's worth stepping back from this forum where a lot if people shout all sorts of rubbish or make demands they know aren't/can't be met in order to move the share price and stir trouble, or because they just want what they can't have. I try to answer those only once, but when they come back and do the same thing a few days later I'm sometimes forced to repeat myself.

Ken's IPO and public handling has always been poor so anyone surprised that communication issues remain probably didn't do their research. We've been trying to improve it but it won't surprise anyone to know that it's been very difficult. The stress getting that eASIC press release out... you don't wanna know.

I, and the rest of the advisory board, do want to see more hires though. We've worked really hard but, having done this for a few weeks now, it's not an Advisory Board that ActiveMining really need, it's more staff/internal board members and/or paid professional help; hence the push for a proper PR guy (got to start somewhere).

Some people are probably right in saying that Ken is doing too much and needs to focus on engineering. We've filled in as best as possible but it needs people inside the company and not outside of it. We can't take on practical tasks and don't have inside information, and we all have day jobs as it is.