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Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 110. (Read 771280 times)

sr. member
Activity: 266
Merit: 250
@Ffss Thank you, so this intelihash has been sucking time away from our main goals since back when you guys were around?

I'm sorry but that is not playing devils advocate. It's negative supposition based on not much.

Ken has said Intelihash could bring us a lot of business if it makes our chips more productive over their life-time than our competitors chips. You are down on this for no good reason as far as I can see.
legendary
Activity: 1050
Merit: 1000
I think most just sugar coat this security
in order to speed up the process of getting their shares traded
so they can get out of this misery LOL
newbie
Activity: 42
Merit: 0
Not aiming this at anyone in particular but there are so many negative people on here  - are you all clinically depressed?

The one thing that's surprised me about my time on this forum is how down beat so many people can be. I thought Americans in particular were upbeat/can-do kind of people who saw opportunity where the rest don't and think big. But it's the Brits on here who are doing all the rabble-rousing and trying to keep everyone positive. Me, zum, Vince, Stu...
...

Americans do see opportunities where others see none.
Where others saw nothing but ignorance and greed, Ken spotted free money for himself and his kinfolk.
sr. member
Activity: 378
Merit: 250
No one on here is depressed. We all want ACTM to succeed. I am willing to do anything in my power to help this goal come to fruition. This means that someone needs to play devil's advocate for every update; for everything Ken says. You guys have already decided to take it as it is so some of us need to take it with a grain of salt. Some of us need to tear through and dissect everything he says and everything that is posted on this forum so that we are all getting the most objective picture possible about the company at any one time. With the lack of communication (I love the wednesday updates, I was definitely super excited about those, but they do lack any definitive information which kind of defeats the point of them.) we need to even dissect the speculation and the rumors that pop up so that they don't spiral out of control like they have before.
sr. member
Activity: 280
Merit: 250
IIIIII====II====IIIIII
Not aiming this at anyone in particular but there are so many negative people on here  - are you all clinically depressed?

The one thing that's surprised me about my time on this forum is how down beat so many people can be. I thought Americans in particular were upbeat/can-do kind of people who saw opportunity where the rest don't and think big. But it's the Brits on here who are doing all the rabble-rousing and trying to keep everyone positive. Me, zum, Vince, Stu...

Come on guys, think big or go home. That's the type of attitude that's made your country the powerhouse and economic success it has been.

I don't think the negativity on here is either justified or helpful. An old skool businessman doing his damndest to create a success and all you kids can do is moan. America wouldn't be the country it is without guys like Ken. He's been running businesses his whole life and he's still working like a dog. Yet the XBox generation want everything now and if they don't get it they fold and give up hope. I don't get it. It's no surprise that your position is being supplanted by Asia where they still think anything is possible.
hero member
Activity: 630
Merit: 500
Indeed, but these new forecasts on CT have been made after the delays in chip production were taken into account. So it's a valid company forecast assuming chips are now on the way.
yes it is just as valid as saying ActM started shipping product last year...
sr. member
Activity: 280
Merit: 250
IIIIII====II====IIIIII
Indeed, but these new forecasts on CT have been made after the delays in chip production were taken into account. So it's a valid company forecast assuming chips are now on the way.
legendary
Activity: 826
Merit: 1004
Zum don't forget the predictions on CryptoTrade. VMC expects to sell 40Mill USD of chips in 2014. That is just chips, not machines or miners, just straight out of the Fab chips. They might be shipped direct to customers? Or maybe first to VMC before being sent onwards. But if the speed of production is in terms of days or a few weeks we could become a serious chip supplier to the industry.

Does anyone know if the chips can be put on any board or will the chip buyers also need to buy our custom boards too?

Ken also expected to have miners and be trading in 2013. Ken's expectations should be taken with a mountain of salt.
member
Activity: 62
Merit: 10
to the moon, etc.
Hey,
just a small question:
what about the AMC-Tender shares from BF, do anybody know when they will be transferd?
 what about the dividends?

regards

Hey BF,

Ken is working on getting us listed on the new exchange Crypto-Trade over the next short while and has stated that this has become his new priority.

Look out for weekly announcements from Ken on Wednesdays at 2345hrs GMT, starting tomorrow night.

An account will be created automatically for you on Crypto-Trade and you will receive an email at the address you used for Bitfunder.

Colored Coins/ Chroma Wallet is to be a trading platform as well once it becomes viable.  You may be asked to choose one over the other in the near future so read up on the pros and cons of both options.

thank you for still being helpful - not all shareholders have the patience to follow this shit every day. kudos
sr. member
Activity: 448
Merit: 250
I, for one, am looking forward to an update. Roll on tomorrow.
hero member
Activity: 874
Merit: 511
Hey,
just a small question:
what about the AMC-Tender shares from BF, do anybody know when they will be transferd?
 what about the dividends?

regards

Hey BF,

Ken is working on getting us listed on the new exchange Crypto-Trade over the next short while.

Look out for weekly announcements from Ken on Wednesdays at 2345hrs GMT, starting tonight.

An account will be created automatically for you on Crypto-Trade and you will receive an email at the address you used for Bitfunder.

Colored Coins/ Chroma Wallet is to be a trading platform as well once it becomes viable.  You may be asked to choose one over the other in the near future so read up on the pros and cons of both options.

THX for the information!
hero member
Activity: 602
Merit: 500
myBitcoin.Garden
Hey,
just a small question:
what about the AMC-Tender shares from BF, do anybody know when they will be transferd?
 what about the dividends?

regards

Hey BF,

Ken is working on getting us listed on the new exchange Crypto-Trade over the next short while and has stated that this has become his new priority.

Look out for weekly announcements from Ken on Wednesdays at 2345hrs GMT, starting tomorrow night.

An account will be created automatically for you on Crypto-Trade and you will receive an email at the address you used for Bitfunder.

Colored Coins/ Chroma Wallet is to be a trading platform as well once it becomes viable.  You may be asked to choose one over the other in the near future so read up on the pros and cons of both options.
legendary
Activity: 1904
Merit: 1007
People were amazed when Avalon (first ASICs chips sold in large numbers when nobody else was doing it) managed to sell chips worth of ~8 mil USD. Throwing the 40 mil USD now with the huge increase in difficulty just makes me wonder how do people believe this. This is even worse than Labcoin posting naked PCBs.

Fair point, but BTC is close to 1000 USD today and not 100 USD as it was last year when Avalon were taking orders.
Also difficulty only rises because chips are being bought and mined with.

The price is only 10 times bigger while the difficulty is 100 times bigger so profits are way smaller in BTC terms and in $ terms than in summer and we don't even know the price per chip yet.
member
Activity: 114
Merit: 10
I wonder now practical it would be to pursue both Nextreme and Easicopy in parallel in terms of our resources?

Off the top of my head, we have $6M in customer order money (minus refunds) that we can't touch until those orders are fulfilled. Putting that money aside, the BTC/USD exchange rate rose 50% between July (2nd IPO) and August (NRE paid). Since NRE was $1M, we should have had about $0.5M in change if not more, which has since risen by over 800% to atleast $4M.. that's enough money to pay for 4 more NREs.

Does anyone know if the chips can be put on any board or will the chip buyers also need to buy our custom boards too?

Not sure, but it would be in Ken's interest to make sure developers can use the chips, possibly by open-sourcing the necessary information. This is what Avalon did, and is what would have allowed Ken to make Avalon clones (should their chips have arrived). I'd imagine he could do this while still keeping certain parts proprietary (such as Intellihash and the likes).

Nice digging, lucky I caught it in this maelstrom of trolling. Pretty much confirmed what I thought, however, it also strongly suggests my earlier hypothesis is correct: nextreme 3 is not ready. Your links refer to nextreme 2. No reason to assume the flow is any different, even the timing will be pretty much identical, but try to find any information or PR or whatever on Nextreme 3 on easic's site and you will draw a blank. ebeam might only take hours, but if you dont have prefabricated nextreme 3 wafers to apply the ebeam process to, that doesnt help you.

Thanks. Since there is only one Easicopy section and multiple Nextreme sections (90nm, 45nm and "coming soon" 28nm), I'm guessing the process applies equally to them all. I don't expect to see the 28nm literature on their website (or elsewhere due to NDA) until after Seagate and/or VMC make it to market. Here's hoping they are ready for us...
hero member
Activity: 874
Merit: 511
Hey,
just a small question:
what about the AMC-Tender shares from BF, do anybody know when they will be transferd?
 what about the dividends?

regards
sr. member
Activity: 266
Merit: 250
People were amazed when Avalon (first ASICs chips sold in large numbers when nobody else was doing it) managed to sell chips worth of ~8 mil USD. Throwing the 40 mil USD now with the huge increase in difficulty just makes me wonder how do people believe this. This is even worse than Labcoin posting naked PCBs.

Fair point, but BTC is close to 1000 USD today and not 100 USD as it was last year when Avalon were taking orders.
Also difficulty only rises because chips are being bought and mined with.
legendary
Activity: 1904
Merit: 1007
Zum don't forget the predictions on CryptoTrade. VMC expects to sell 40Mill USD of chips in 2014. That is just chips, not machines or miners, just straight out of the Fab chips. They might be shipped direct to customers? Or maybe first to VMC before being sent onwards. But if the speed of production is in terms of days or a few weeks we could become a serious chip supplier to the industry.

Does anyone know if the chips can be put on any board or will the chip buyers also need to buy our custom boards too?

People were amazed when Avalon (first ASICs chips sold in large numbers when nobody else was doing it) managed to sell chips worth of ~8 mil USD. Throwing the 40 mil USD now with the huge increase in difficulty just makes me wonder how do people believe this. This is even worse than Labcoin posting naked PCBs.
legendary
Activity: 980
Merit: 1040
Vince says we switched from Nextreme to Easicopy, Puppet says we should do Nextreme with Easicopy happening in parallel for later.

I would like to draw everyone's attention to the following diagram (pay close attention to the first step in purple, as it's a requirement for both approaches):

[...]

As such, the wisest move would probably be to do both, in parallel, but only after checking some samples work (Nextreme).


Nice digging, lucky I caught it in this maelstrom of trolling. Pretty much confirmed what I thought, however, it also strongly suggests my earlier hypothesis is correct: nextreme 3 is not ready. Your links refer to nextreme 2. No reason to assume the flow is any different, even the timing will be pretty much identical, but try to find any information or PR or whatever on Nextreme 3 on easic's site and you will draw a blank. ebeam might only take hours, but if you dont have prefabricated nextreme 3 wafers to apply the ebeam process to, that doesnt help you.



sr. member
Activity: 266
Merit: 250
With NRE costs of 1Mill to recoup (possibly more than that now) we are looking at a profit margin or 40:1. That's not bad.


Jesus Christ! I'm not selling a single share!  Grin Grin Grin

It's been a long investment, I'm selling 10% of my holdings at anything above 0.004. I'll see how that goes but I'm definitely holding 90% for future divs.
hero member
Activity: 602
Merit: 500
myBitcoin.Garden
Jesus Christ! I'm not selling a single share!  Grin Grin Grin
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