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Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 50. (Read 479317 times)

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hero member
Activity: 504
Merit: 500
Finally some good news, I'll be looking forward to this.

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.

+1, to reiterate the points above.
sr. member
Activity: 364
Merit: 250
Finally some good news, I'll be looking forward to this.

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.




sr. member
Activity: 258
Merit: 250
You can trust me, I have an avatar
Ken has agreed to take on professional PR. That may include dealing with shareholders and the PR account (depends who does it).

Finally Grin



I vote EskimoBob.

I vote Stuart
legendary
Activity: 1554
Merit: 1000
Ken has agreed to take on professional PR. That may include dealing with shareholders and the PR account (depends who does it).

Finally Grin



I vote EskimoBob.
full member
Activity: 208
Merit: 100
Ken has agreed to take on professional PR. That may include dealing with shareholders and the PR account (depends who does it).

Finally Grin



Finally some good news, I'll be looking forward to this.
sr. member
Activity: 364
Merit: 250
Ken has agreed to take on professional PR. That may include dealing with shareholders and the PR account (depends who does it).

Finally Grin

sr. member
Activity: 245
Merit: 250
Also did anyone else see this? eAsic recently completed a funding round for $23.5m. $3.5m over their goal of $20m.

http://www.easic.com/easic-raises-23-5m-of-growth-capital/
sr. member
Activity: 364
Merit: 250
Thanks, do you know or have an idea of what % of ActM's chips will be on the first order, as opposed to customers'?

I don't know the answer to that and I believe that kind of data will be under NDA.

The chips are effectively ActiveMining/VMC's own, yes, and the firm doing the cards is also really good.

So the eASIC news was hugely important even if day traders have left ActM due to the lack of increasing divs in early Sept (Klondikes may actually be able to do their job soon apparently). Ken's adamant that the current products are just the start as well and he has more up his sleeve, but I know no more about that.

Loads of demand on BTCT but the shares on BitF are obscenely cheap given the guarantee. I'm still trying to get clearance from Ken for some share movement between exchanges as a limited one off - I know he doesn't want to do anything regularly though. Will report back if it can be done, otherwise assume not.
sr. member
Activity: 245
Merit: 250
That makes me wonder lewicki; I wonder if we'll start to see some broker's representing investments for the people who have coin but can't be bothered with trawling through 100's of pages of posts to get caught up on the current market. Or for people who are interested in bitcoin/securities but don't know where to start.
sr. member
Activity: 294
Merit: 250
To be more exact, is ActiveMining essentially creating their own chips in the same way Labcoin and ASICMINER are?

We aren't doing an IceDrill and buying chips from another company?

Please read the first 2 posts of this thread. For someone who invested at ~.007 around a month ago, I think that it's about time that you put some effort into reading about your investment.
sr. member
Activity: 245
Merit: 250
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.

Thanks, do you know or have an idea of what % of ActM's chips will be on the first order, as opposed to customers'?
legendary
Activity: 1176
Merit: 1015
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.

To be more exact, is ActiveMining essentially creating their own chips in the same way Labcoin and ASICMINER are?

We aren't doing an IceDrill and buying chips from another company?
legendary
Activity: 1176
Merit: 1015
Lol, np and yeah. The other I'm not too sure about. I only became interested in ActM shortly before the .008 spike.

On a time scale up to December what do you think the chances are the price will go above 0.007?
sr. member
Activity: 364
Merit: 250
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.
sr. member
Activity: 245
Merit: 250
Lol, np and yeah. The other I'm not too sure about. I only became interested in ActM shortly before the .008 spike.
legendary
Activity: 1176
Merit: 1015
Are you kidding? How much do you know about the current state of Avalon and their shipments?

Who are you replying to?

You! It was literally the line above the one you quoted.

  • An order of 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s.

Oh thanks, so this was expected hash rate from Avalon chips not our own?

Have they always expected November for our own chips?
sr. member
Activity: 245
Merit: 250
Are you kidding? How much do you know about the current state of Avalon and their shipments?

Who are you replying to?

You! It was literally the line above the one you quoted.

  • An order of 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s.
legendary
Activity: 1176
Merit: 1015
Are you kidding? How much do you know about the current state of Avalon and their shipments?

Who are you replying to?
sr. member
Activity: 245
Merit: 250
Are you kidding? How much do you know about the current state of Avalon and their shipments?
legendary
Activity: 1176
Merit: 1015
In total, around 6,377 GH/s, expected to be fully operational in the middle of August.

What happened to this 6TH/s?
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