Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 93. (Read 479317 times)
ok so everybody take a chill pill, take a deep breath and come back in a few days. log out for the weekend. nothing to see here, move along. ken will resume contact with easic in a few days. don't you people have homes to go to? pets to feed? wives to talk to, parents to tell what you did in school today?
You're right Kleeck. Apologies.
Sure, eAsic doesn't want to disclose much about it's 28nm technology. Probably because it's not very mature. For all we know, it might not work that well yet.
But whatever. The NDA shouldn't prevent anyone from talking about PCBs, pin-outs for the chip, packaging, facilities, and all the other thing that are going to be needed to get these systems up and hashing.
Well no, it shouldn't, and I'm certainly not arguing FOR the NDA blackout on other information. LOL
But (and I hate to even mention this explicitly, as it would be a worst case scenario), if Ken has no concrete production information from eAsic, he might be hesitant to move forward on any of the ancillary work.
Hence (ICYMI):
We are allowed to confirm that the BTC were converted some time ago and the board designs are in progress. We are also restructuring our product
offerings and fixing issues on the website. We appreciate these have been
live updates which are not ideal, but this is due to a technical issue this
week that is yet to be resolved.
offerings and fixing issues on the website. We appreciate these have been
live updates which are not ideal, but this is due to a technical issue this
week that is yet to be resolved.
Sure, eAsic doesn't want to disclose much about it's 28nm technology. Probably because it's not very mature. For all we know, it might not work that well yet.
But whatever. The NDA shouldn't prevent anyone from talking about PCBs, pin-outs for the chip, packaging, facilities, and all the other thing that are going to be needed to get these systems up and hashing.
Well no, it shouldn't, and I'm certainly not arguing FOR the NDA blackout on other information. LOL
But (and I hate to even mention this explicitly, as it would be a worst case scenario), if Ken has no concrete production information from eAsic, he might be hesitant to move forward on any of the ancillary work.
You're probably the first person to consider that. 
there are several other companies planning on deploying large amounts of hashing power, PLANNING, when historically NOBODY has delivered on time. Not one single company. When Cointerra or Petamine *actually* do something, then evaluate your position in Activemining, but Activemining is still in a position to become or sell a large portion of the network.
The difference between ActM and Cointerra / Hashfast is that our competitors are confirmed to be at some stage of development with their chip design company.
We have confirmed that ActM is in dialogue with eAsic on some level, but nothing more concrete than that, and there has to be a reason for it. I have no doubt that Ken would release detailed information if he could, and companies generally have every motivation to issue a press release regarding new business, but eAsic is in a unique position right now.
They have just accepted a "strategic" investment from Seagate and have committed to working with them on custom chips, etc. In addition, it seems from the eAsic website that their 28nm product is relatively new, as the only mention of it is a graphic that offers the option to register for early access.
My feeling for some time has been that eAsic simply has much larger priorities, and probably much larger customers waiting for development of new 28nm chips. The ActM account, while seemingly large in the bitcoin world must be practically insignificant when compared to enterprise level customers like Seagate. Therefore, they can't allow ActM to publicly disclose any details because it might cause difficulty with more important customers, etc.
If time wasn't absolutely of the essence, this might not be such a big deal, but with hashrate growing and competitors seemingly further along, this leaves ActM in a very precarious spot. It puts investors in an even worse position because not only do we have no idea when we might expect to be hashing, we really have no confirmation (even from Ken) that eAsic is actually under contract to produce the chips.
I satisfied myself that ActM wasn't a "scam" before I invested, and that view hasn't changed. Unfortunately that doesn't at all mean we will actually have a product in time to make a decent return, and let's be honest, the lack of any confirmation that we're under contract to produce a chip adds a level of uncertainty to this investment that wasn't contemplated a month ago.
Sure, eAsic doesn't want to disclose much about it's 28nm technology. Probably because it's not very mature. For all we know, it might not work that well yet.
But whatever. The NDA shouldn't prevent anyone from talking about PCBs, pin-outs for the chip, packaging, facilities, and all the other thing that are going to be needed to get these systems up and hashing.
Radio silence like this is OK once trust has been earned. Not when you've delivered nothing to date IMHO. Regardless, I'm sticking in here for now, as communication is difficult and everyone's new at this.
"No new information right now. Things are still on track. Appreciate your patience." <- That'd be fine.
"No new information right now. Things are still on track. Appreciate your patience." <- That'd be fine.
Since there has been a lot discussion in the last couple of days, I would
like to reassure everyone that work is progressing well with our partners.
Unfortunately we are still unable to comment on this further.
This is as frustrating for us as it is for all of you.
We are allowed to confirm that the BTC were converted some time ago and the
board designs are in progress. We are also restructuring our product
offerings and fixing issues on the website. We appreciate these have been
live updates which are not ideal, but this is due to a technical issue this
week that is yet to be resolved.
like to reassure everyone that work is progressing well with our partners.
Unfortunately we are still unable to comment on this further.
This is as frustrating for us as it is for all of you.
We are allowed to confirm that the BTC were converted some time ago and the
board designs are in progress. We are also restructuring our product
offerings and fixing issues on the website. We appreciate these have been
live updates which are not ideal, but this is due to a technical issue this
week that is yet to be resolved.
This was three days ago.
Ken's aware of views here. Regardless of shareholders, he needs the press and confidence that an eASIC press release would bring. Prospective buyers need it, especially after Avalon and bfl let everyone down. So it's important for all shareholders, short or long term.
Also no need to say ken/pr. Ken is behind all the news, pr just helps word it and ensure it's the right thing to be saying. No news, no pr. The last main post we asked to come from Ken himself as it wasn't a regular news item.
Part of the problem with bitcoin is things happen so fast, prices move a lot based on very no news, fud, or low volumes, and people are very reactive, shouty and impatient. This happens across many offerings - read some other threads!
Since nothing is going to happen for a few days now, it may be best to step away from the day prices and forum for your own sanity!
Also no need to say ken/pr. Ken is behind all the news, pr just helps word it and ensure it's the right thing to be saying. No news, no pr. The last main post we asked to come from Ken himself as it wasn't a regular news item.
Part of the problem with bitcoin is things happen so fast, prices move a lot based on very no news, fud, or low volumes, and people are very reactive, shouty and impatient. This happens across many offerings - read some other threads!
Since nothing is going to happen for a few days now, it may be best to step away from the day prices and forum for your own sanity!
there are several other companies planning on deploying large amounts of hashing power, PLANNING, when historically NOBODY has delivered on time. Not one single company. When Cointerra or Petamine *actually* do something, then evaluate your position in Activemining, but Activemining is still in a position to become or sell a large portion of the network.
The difference between ActM and Cointerra / Hashfast is that our competitors are confirmed to be at some stage of development with their chip design company.
We have confirmed that ActM is in dialogue with eAsic on some level, but nothing more concrete than that, and there has to be a reason for it. I have no doubt that Ken would release detailed information if he could, and companies generally have every motivation to issue a press release regarding new business, but eAsic is in a unique position right now.
They have just accepted a "strategic" investment from Seagate and have committed to working with them on custom chips, etc. In addition, it seems from the eAsic website that their 28nm product is relatively new, as the only mention of it is a graphic that offers the option to register for early access.
My feeling for some time has been that eAsic simply has much larger priorities, and probably much larger customers waiting for development of new 28nm chips. The ActM account, while seemingly large in the bitcoin world must be practically insignificant when compared to enterprise level customers like Seagate. Therefore, they can't allow ActM to publicly disclose any details because it might cause difficulty with more important customers, etc.
If time wasn't absolutely of the essence, this might not be such a big deal, but with hashrate growing and competitors seemingly further along, this leaves ActM in a very precarious spot. It puts investors in an even worse position because not only do we have no idea when we might expect to be hashing, we really have no confirmation (even from Ken) that eAsic is actually under contract to produce the chips.
I satisfied myself that ActM wasn't a "scam" before I invested, and that view hasn't changed. Unfortunately that doesn't at all mean we will actually have a product in time to make a decent return, and let's be honest, the lack of any confirmation that we're under contract to produce a chip adds a level of uncertainty to this investment that wasn't contemplated a month ago.
its interesting to watch the panic spreading through this thread and steadily accelerating.
-there is no way that anything anyone speculates on here will ever affect the outcome of business between active and eASIC ever
-there is no way that share price will affect the outcome of business between active and eASIC ever
if u are in active u r not driving, u are along for the ride. the share price can go to 0 and active will still go along with progress or regression because the money is already out of your hands. ken does not need any share holders in order to continue business. its like people are surprised that there is risk in securities for a digital currency, and don't understand there is no reward without risk. we cant all just be there for when things are bright and happy, its a two way street. if u want to wake up with a smile from doubling ur position then u better damn well be ready to wake up in shambles.
-there is no way that anything anyone speculates on here will ever affect the outcome of business between active and eASIC ever
-there is no way that share price will affect the outcome of business between active and eASIC ever
if u are in active u r not driving, u are along for the ride. the share price can go to 0 and active will still go along with progress or regression because the money is already out of your hands. ken does not need any share holders in order to continue business. its like people are surprised that there is risk in securities for a digital currency, and don't understand there is no reward without risk. we cant all just be there for when things are bright and happy, its a two way street. if u want to wake up with a smile from doubling ur position then u better damn well be ready to wake up in shambles.
He owes it to his investors to keep spirits up and keep everyone updated. They did give him a free loan for what? 6+ million dollars? (I'm not really sure on the amount.)
But still, don't expect to get a free loan of millions of dollars and then them not be upset with a lack of updates... I understand the business keeps going no matter what happens here, but he is screwing over his share holders with his actions (or lack thereof in this matter.)
Cannot agree more.
Radio silence like this is OK once trust has been earned. Not when you've delivered nothing to date IMHO. Regardless, I'm sticking in here for now, as communication is difficult and everyone's new at this.
"No new information right now. Things are still on track. Appreciate your patience." <- That'd be fine.
"No new information right now. Things are still on track. Appreciate your patience." <- That'd be fine.
MESSAGE TO KEN/PR
Please do a better job of communicating with us. Just a few minutes every couple days to chat and reach out to us here should keep investors happy. The silence and the absence of communication is what is keeping shareholders on the edge.
+1
MESSAGE TO KEN/PR
Please do a better job of communicating with us. Just a few minutes every couple days to chat and reach out to us here should keep investors happy. The silence and the absence of communication is what is keeping shareholders on the edge.
Please do a better job of communicating with us. Just a few minutes every couple days to chat and reach out to us here should keep investors happy. The silence and the absence of communication is what is keeping shareholders on the edge.
As someone with a substantial number of shares I agree that the current share price doesn't matter whatsoever to me. But on the point of "keeping investors happy" I have to chime in and say I completely disagree. Ken should spend as little time as possible on these forums. Him logging in here and reading this thread is an utter waste of time! Even the most in-depth pieces of news and updates will still not be enough to satisfy all investors, so why bother? Tell us the crucial stuff when the time is right. Don't try to placate the trolls... Ken used to spend a lot of time doing that, and when he STOPPED that's what made me realize ActM really had a chance.
If top shareholders like this are confident then the rest of us should be very reassured by statements like this. Thanks auto2nr1.
Agreed. This thread has become quite rabid in the past week or so, and perhaps it's good to remind people that for every vocal impatient investor chatting in this thread, there are others who understand that Rome wasn't built in a day, and have a more realistic expectation as far as news and production schedules.
No one seems to have mentioned either that while the share price slips somewhat, the value of BTC is currently rising steadily to counter-balance. The shares being sold could just as easily be attributed to people lessening their holdings on ActM in order to have BTC on hand.
If they don't remove the NDA, this is going down and down. Maybe they should reconsider it with their partner(s). No NDA = more trust = share price up to 0.005+
EDIT: and btw, WHY NDA here ? I don't get it.
EDIT: and btw, WHY NDA here ? I don't get it.
eASIC is a little different than most other Design Companies.
If you read their website they pride themselves on their patented technology.
In order for technology to be patented, it needs to be made public. That's the entire point of patents - they're designed to keep companies from keeping their technology secret
I also have over 150k+ in shares, and am also holding and not worried. The share price is affected when short term investors see no short term results and move elsewhere and others follow suit. When we do have official news people will start buying and others will follow suit then as well. Our last word with Ken mentioned "work" was progressing with our partners, which does sound like something someone would say if they can't legally say eASIC but actual progress is being made with the chips. We have to assume that things are well underway. It's all going to come down to the product we have as well as what we can mine with that. If we deliver, we will be successful and everyone will profit. There is no reason to think that this won't be the case as of now just because we don't have an official word cleared from the NDA.
That said, I fully agree that we need Ken to push eASIC for at least permission to officially announce the partnership. Actual reported progress is absolutely necessary for short term growth, as well as building customer confidence for our products. We do need this to happen right away and isn't too much to ask for to have this cleared from the NDA.
That said, I fully agree that we need Ken to push eASIC for at least permission to officially announce the partnership. Actual reported progress is absolutely necessary for short term growth, as well as building customer confidence for our products. We do need this to happen right away and isn't too much to ask for to have this cleared from the NDA.
No problem. 
I would like to address that it is unfortunate Ken/PR is not keeping in touch with the community. Even if Ken/PR cannot say anything in regards to eASIC due to the NDA they should still follow up with non-eASIC news and keep spirits high as someone mentioned. Ken posted last night the dividends for the week. It does not take much effort to read through a few pages and post some replies just to calm the shareholders while he took time out of his day to post the dividends for the weeek. If anything he can give us a update on what he plans on doing with the incoming Avalon chips. Receive or refund? Just little things not having to deal with eASIC can be discussed. Maybe he can put up a timeline of when he expects the NDA to be lifted. He can discuss certain goals and projections to be hit. I just don't like the lack of communication when it comes down to it.
MESSAGE TO KEN/PR
Please do a better job of communicating with us. Just a few minutes every couple days to chat and reach out to us here should keep investors happy. The silence and the absence of communication is what is keeping shareholders on the edge.
I would like to address that it is unfortunate Ken/PR is not keeping in touch with the community. Even if Ken/PR cannot say anything in regards to eASIC due to the NDA they should still follow up with non-eASIC news and keep spirits high as someone mentioned. Ken posted last night the dividends for the week. It does not take much effort to read through a few pages and post some replies just to calm the shareholders while he took time out of his day to post the dividends for the weeek. If anything he can give us a update on what he plans on doing with the incoming Avalon chips. Receive or refund? Just little things not having to deal with eASIC can be discussed. Maybe he can put up a timeline of when he expects the NDA to be lifted. He can discuss certain goals and projections to be hit. I just don't like the lack of communication when it comes down to it.MESSAGE TO KEN/PR
Please do a better job of communicating with us. Just a few minutes every couple days to chat and reach out to us here should keep investors happy. The silence and the absence of communication is what is keeping shareholders on the edge.
Everyone making a big issue over share price should understand that it is a handful of extremely minor sells effecting shares price - big sells are not happening.
There are very few buyers right now (as everyone is fully invested or waiting for news) therefore a small number of sellers when there is no buying pressure can move price a long way.
Look at the Bitfunder trade history for the past 24hrs
At 8am on 30th we have 124 shares selling for 0.0039
At 7am on 31st we have we have 640 shares selling for 0.0033622
That is an apparent drop in market value of the company of approx 15%. Significant.
Now how many shares have been sold on BF between those two sells? 15% of the 5Mill+ on the exchange? No, 3,500. Incedible but true.
So, 3,500 shares x3 (to add in estimated btc.co volume) is around 10k shares sold in those 24hrs.
10Mill/10k = 1000 (0.1% of publicly held shares)
That sort of turn over is perfectly normal, 0.1% atleast SHOULD be traded daily in any healthy stock. The problem here is solely due to the lack of buyers which is causing vastly exaggerated exchange prices moves.
In this atypical situation the critical factor to take account of in assesing invester confidence is volume of sales not price moves. The volume of sales figure tells you how many people are selling their shares (the price tells you nothing right now). So 0.1% of shares are selling = nothing of any significance, it is to be expected in any stock.
Therefore I would suggest that those saying invester confidence is low and citing stock price as evidence are wrong. No one is selling, everyone is holding tight right now. It looks like ACtM investers aren't as fickle or short-sighted as some would assume.
Comments on that welcome as usual.
There are very few buyers right now (as everyone is fully invested or waiting for news) therefore a small number of sellers when there is no buying pressure can move price a long way.
Look at the Bitfunder trade history for the past 24hrs
At 8am on 30th we have 124 shares selling for 0.0039
At 7am on 31st we have we have 640 shares selling for 0.0033622
That is an apparent drop in market value of the company of approx 15%. Significant.
Now how many shares have been sold on BF between those two sells? 15% of the 5Mill+ on the exchange? No, 3,500. Incedible but true.
So, 3,500 shares x3 (to add in estimated btc.co volume) is around 10k shares sold in those 24hrs.
10Mill/10k = 1000 (0.1% of publicly held shares)
That sort of turn over is perfectly normal, 0.1% atleast SHOULD be traded daily in any healthy stock. The problem here is solely due to the lack of buyers which is causing vastly exaggerated exchange prices moves.
In this atypical situation the critical factor to take account of in assesing invester confidence is volume of sales not price moves. The volume of sales figure tells you how many people are selling their shares (the price tells you nothing right now). So 0.1% of shares are selling = nothing of any significance, it is to be expected in any stock.
Therefore I would suggest that those saying invester confidence is low and citing stock price as evidence are wrong. No one is selling, everyone is holding tight right now. It looks like ACtM investers aren't as fickle or short-sighted as some would assume.
Comments on that welcome as usual.
I currently hold over 150k+ in shares. I am holding and i have confidence that we will be hearing some good news in the near future. Confidence is not low in my opinion. Some of my close buddies are invested as well and we are not too worried.
If top shareholders like this are confident then the rest of us should be very reassured by statements like this. Thanks auto2nr1.
Everyone making a big issue over share price should understand that it is a handful of extremely minor sells effecting shares price - big sells are not happening.
There are very few buyers right now (as everyone is fully invested or waiting for news) therefore a small number of sellers when there is no buying pressure can move price a long way.
Look at the Bitfunder trade history for the past 24hrs
At 8am on 30th we have 124 shares selling for 0.0039
At 7am on 31st we have we have 640 shares selling for 0.0033622
That is an apparent drop in market value of the company of approx 15%. Significant.
Now how many shares have been sold on BF between those two sells? 15% of the 5Mill+ on the exchange? No, 3,500. Incedible but true.
So, 3,500 shares x3 (to add in estimated btc.co volume) is around 10k shares sold in those 24hrs.
10Mill/10k = 1000 (0.1% of publicly held shares)
That sort of turn over is perfectly normal, 0.1% atleast SHOULD be traded daily in any healthy stock. The problem here is solely due to the lack of buyers which is causing vastly exaggerated exchange prices moves.
In this atypical situation the critical factor to take account of in assesing invester confidence is volume of sales not price moves. The volume of sales figure tells you how many people are selling their shares (the price tells you nothing right now). So 0.1% of shares are selling = nothing of any significance, it is to be expected in any stock.
Therefore I would suggest that those saying invester confidence is low and citing stock price as evidence are wrong. No one is selling, everyone is holding tight right now. It looks like ACtM investers aren't as fickle or short-sighted as some would assume.
Comments on that welcome as usual.
There are very few buyers right now (as everyone is fully invested or waiting for news) therefore a small number of sellers when there is no buying pressure can move price a long way.
Look at the Bitfunder trade history for the past 24hrs
At 8am on 30th we have 124 shares selling for 0.0039
At 7am on 31st we have we have 640 shares selling for 0.0033622
That is an apparent drop in market value of the company of approx 15%. Significant.
Now how many shares have been sold on BF between those two sells? 15% of the 5Mill+ on the exchange? No, 3,500. Incedible but true.
So, 3,500 shares x3 (to add in estimated btc.co volume) is around 10k shares sold in those 24hrs.
10Mill/10k = 1000 (0.1% of publicly held shares)
That sort of turn over is perfectly normal, 0.1% atleast SHOULD be traded daily in any healthy stock. The problem here is solely due to the lack of buyers which is causing vastly exaggerated exchange prices moves.
In this atypical situation the critical factor to take account of in assesing invester confidence is volume of sales not price moves. The volume of sales figure tells you how many people are selling their shares (the price tells you nothing right now). So 0.1% of shares are selling = nothing of any significance, it is to be expected in any stock.
Therefore I would suggest that those saying invester confidence is low and citing stock price as evidence are wrong. No one is selling, everyone is holding tight right now. It looks like ACtM investers aren't as fickle or short-sighted as some would assume.
Comments on that welcome as usual.
I currently hold over 150k+ in shares. I am holding and i have confidence that we will be hearing some good news in the near future. Confidence is not low in my opinion. Some of my close buddies are invested as well and we are not too worried.
Simple solution:
Ask burnside Buy 153 BTC worth of shares -- a pittance to prove the doubters wrong.
If what u say is true, the price will stick @.005. The "charts lie -- ignore the charts" bit is getting old.
If what u say is true, the price will stick @.005. The "charts lie -- ignore the charts" bit is getting old.
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