[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 127.

VinceSamios

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Quote from: kslaughter on January 14, 2014, 11:51:59 PM

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line. The RTL problem has been solved and I will be releasing more information about this over the next month. I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

Prediction - Ken decided to move from NExtreme to Easiccopy.

Why? Chip costs were too high, efficiency was too low, and Ken saw a major fallout as a result and made a hard decision.

If this is the case, I will jizz my pants because it's awesome... but pure speculation.

Stuartuk

sr. member

Activity: 266

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Yep these weekly updates are the best bit of communication we've had post IPO days. And if I'm right they were your idea zum which you put to Ken, so good job.

If we were trading this latest update would have caused a little flurry to say the least. Yes chips are late, yes we will be later to market than expected. Does that mean the shareholders won't make a profit on this venture? No. Being late to market is par for the course in this industry. Will we mature with a solid chip with plenty of life in it? Yes.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: kslaughter on January 14, 2014, 11:51:59 PM

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line. The RTL problem has been solved and I will be releasing more information about this over the next month. I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

This a significant breakthrough and moves us one step closer to our goals. While there is very little can be done about the fact we are way behind our original schedule, one thing we can do is show our support as we start to believe in ActM again, and appreciate this new found transparency and willingness to keep the shareholders informed and brought up to date every seven days.

Thanks for the post Ken.

gnostication

newbie

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Quote from: tslimx on January 15, 2014, 04:11:50 AM

thx Ken feel less like i should of set my money on fire, or spent it on hookers on backpage.

Hookers would have at least left you with a "happy ending", even if you did still feel just as dirty afterwards as your dealings with Active Mining, et. al.

VinceSamios

sr. member

Activity: 448

Merit: 250

Quote

14:20 LorenzoMoney: First of all, there is no we. It is all Ken. Secondly, it is best to not worry, make believe this is a total loss and be patient.

joele

legendary

Activity: 1022

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Quote from: mannybitcoins on January 15, 2014, 12:26:17 AM

Quote from: knybe on January 15, 2014, 12:14:47 AM

now THIS… sounds promising.

Nothing has changed.

At least there's still hope.

Bitdust

newbie

Activity: 42

Merit: 0

In other news, Cointerra's real, working TerraMiner IV makes its world debut @ 1.6TH.
Top Secret Hyper Confidential Photos, Videos, and Specs available here: http://cointerra.com/engineering-updates-terraminer-iv-hashing-live
I was entrusted with above link after signing a twenty-three page NDA, and am risking my life by sharing this classified information.

~Edward Snowden.

st4nl3y

legendary

Activity: 1050

Merit: 1000

Quote from: kslaughter on January 14, 2014, 11:51:59 PM

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line. The RTL problem has been solved and I will be releasing more information about this over the next month. I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

business as usual vol.2

GTR_JOEY

member

Activity: 99

Merit: 10

Exactly my thoughts, if you sold then you have no invested interest in the company. You sad lonely human being

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: bbxx on January 15, 2014, 04:09:27 AM

Quote from: kslaughter on January 14, 2014, 11:51:59 PM

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line. The RTL problem has been solved and I will be releasing more information about this over the next month. I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

LOL
so people with preorders... wont have roi
nice job, ken

unicorn outdatted failed hashing hardware
worst asset to hold
glad i have sold shares long time ago.

If you sold why are you still here?

VinceSamios

sr. member

Activity: 448

Merit: 250

Ken caught me a little off guard with his early update - I've sent him a PM with the consolidated list of questions regardless. That list, and my entire message to ken, for your info, is....

Quote

Quite a few this week. Some I'm sure you wont answer (and I wouldn't recommend you do, such as the "who is the engineering firm" question) but I've collected a list for people not tried to filter it too much. Some are also worded a little argumentatively, that isn't my wording. I've removed questions which were more demands than questions. I've put an emoticon next to questions which are more frequent/considered more important.

Questions:

Have you had any sample chips at any point? If so, did they work?

Huh

When are sample chips expected? Sample, low volume and normal production estimate dates?

Huh

How long do you expect board design and production to take?

Huh

In your progress report of November 30th 2013 you stated "We have this last week shipped our first products to customers." - What product was shipped?

What reason caused the change of plans and alteration of schedule? Were your initial timeline commitments too optimistic or was there a catastrophic failure? (if so, what?)

If you are still at the design phase now, what have you been doing for the last 6-8 months?

Are you in a position to be able to refund your customers every penny or have you spent some of the pre-order money? (Partially answered by Bargraphics trip report)

Is preorder money converted to BTC or kept as fiat?

Up until a week or so ago, Ken was telling people if they ordered TODAY they would receive a miner in feb/march - Is this still the case?

Huh

Ken mentioned additional hashrate came online in November, what machines were those?

When was the new engineering firm engaged?

Can you give us a rough timeline of the full design and creation process, where we were set back, and what part of the process flow we are looping back over now.

Is there a problem with eASIC's 28nm process?

Did we face delays because Intellihash is being incorporated or is it because the boards weren't designed properly to begin with?

Who exactly is the Engineering Firm that was hired, and how long ago did this hiring take place?

tslimx

member

Activity: 68

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thx Ken feel less like i should of set my money on fire, or spent it on hookers on backpage.

bbxx

hero member

Activity: 728

Merit: 500

cryptoshark

Quote from: kslaughter on January 14, 2014, 11:51:59 PM

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line. The RTL problem has been solved and I will be releasing more information about this over the next month. I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

LOL
so people with preorders... wont have roi
nice job, ken

unicorn outdatted failed hashing hardware
worst asset to hold
glad i have sold shares long time ago.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Ken, any chance we can have Crypto Trade enabled soon? Also will it be easy to move our shares off of Crypto Trade once coloured coins are mature?

stenkross

sr. member

Activity: 330

Merit: 250

Quote from: kslaughter on January 14, 2014, 11:51:59 PM

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line. The RTL problem has been solved and I will be releasing more information about this over the next month. I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

So, next month (feb) you expect to know enough to release a timeline of the chips? Yikes, I was joking when I said this project will be finished by june 2015, but maybe I was right.

Bokanovsky

newbie

Activity: 11

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Quote from: kslaughter on January 14, 2014, 11:51:59 PM

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line. The RTL problem has been solved and I will be releasing more information about this over the next month. I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

Aren't we all tired of announcements of future announcements? This was Labcoin's schtick and it's a red flag... as if another one of those was necessary.

babybonobo

sr. member

Activity: 278

Merit: 250

#hardworkpaysoff

Quote from: Thumper650 on January 14, 2014, 08:58:03 PM

Quote from: coinfresh on January 14, 2014, 08:50:26 PM

...
OO stfu and quit your bitching crumbs. He said he was meeting with Ken later this week. He met with Gerald who can't give the information Bar is looking for. At least wait until he meets with Ken to continue the constant diarrhea that flows from your keyboard to my screen.

Call me whatever that misfiring mess of neurons tells you to, but wait until you are spoken to.
Is that clear?

LOL get a life, BRO! You voice of God, you...cuutie... Kiss

Onwards and upwards!

mannybitcoins

full member

Activity: 274

Merit: 100

Quote from: knybe on January 15, 2014, 12:14:47 AM

now THIS… sounds promising.

Nothing has changed.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

now THIS… sounds promising.

kslaughter

sr. member

Activity: 476

Merit: 250

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line. The RTL problem has been solved and I will be releasing more information about this over the next month. I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 127. (Read 771280 times)