[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 142.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: Bargraphics on January 10, 2014, 12:48:41 PM

Obviously he didn't have a full business plan put together yet and figured he could only get away with 45nm with an IPO on here. So once he struck a deal with eASIC 28nm he then put that plan into action instead of a 45nm. Also based on his post he was going to do a 45nm Standard-Cell not FPGA Copy. It would cost just about the same as the 28nm eASIC (Probably more if he was planning on doing a flip-chip as that packing is not cheap.

To answer the Bold, the answer is NO, porting anything over is the very first step once you contact a backend design company. Then you get to wait around 12 weeks for them to finish that, 8 weeks for the mask, 8 weeks for the wafers.

Ahh some of this sounds familiar. Thanks Bargraphics, so the choice was made to go with 28nm after this news release. Check.

minerpart

sr. member

Activity: 280

Merit: 250

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Quote from: VinceSamios on January 10, 2014, 01:00:15 PM

BTW - Anybody who invested in this and didn't have a reasonable expectation that there was a 50% chance they would lose their money is... a... dumb fuck. I tried to be more civil on that, but... it's the most accurate phraseology I could come up with.

So lets say we all lose all our money - you are equally as much to blame as Ken. Think about it people, greed begets pain.

Why 50%? I don't understand, that seems quite arbitrary. With eASIC publishing a confirmatory news release I don't think 50% chance of total loss at that time would be a sensible assumption.

And in terms of apportioning 'blame' - I don't think investors are ever to blame for the actions of CEO's. Investors take risks with their own capital, in return for that risk they are usually rewarded. The reward does not always materialise as many small businesses fail. Investors are not to 'blame' for that - it's a fact of life. Now if someone has over-invested yes you can criticise them for that.

fannybaws

newbie

Activity: 28

Merit: 0

@ crumbs

Oh shut up man! If we all knew how our cars worked there would be no mechanics in the world. Look back at all of my quotes and show me ONE where I have claimed to have a technical understanding of asic production. After you've done that, explain to me why having a technical knowledge in a subject is a prerequisite for becoming a shareholder. Get over yourself crumbs you arrogant individual.

JimmyJazz

full member

Activity: 207

Merit: 100

Quote from: VinceSamios on January 10, 2014, 01:00:15 PM

BTW - Anybody who invested in this and didn't have a reasonable expectation that there was a 50% chance they would lose their money is... a... dumb fuck. I tried to be more civil on that, but... it's the most accurate phraseology I could come up with.

So lets say we all lose all our money - you are equally as much to blame as Ken. Think about it people, greed begets pain.

I don't think anybody expected to lose ALL their money after the easic announcement. We thought we would get atleast a few dividends from WORKING hardware. At this point we have nothing atall - some dust. How can that be possible when everything was in place to have a decent stab at this. COMPLETE AND UTTER INCOMPETENCE.

VinceSamios

sr. member

Activity: 448

Merit: 250

Quote from: drawingthesun on January 10, 2014, 01:04:35 PM

Thanks mate, I invested with the expectation of about 25% returns. I never really thought myself greedy.

LOL then you didn't really think about your risk/reward

fannybaws

newbie

Activity: 28

Merit: 0

Quote from: Bargraphics on January 10, 2014, 01:00:03 PM

Quote from: fannybaws on January 10, 2014, 12:57:43 PM

Quote from: Bargraphics on January 10, 2014, 12:50:38 PM

Quote from: damiano on January 10, 2014, 12:50:23 PM

freenode irc? what channel?

Freenode #ActiveMining

Any chance the reCAPTCHA can be made accessible for humans? What a joke!

lol you can click on the audio button!

Lol, Tried that and thought I was on mushrooms for a second.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: VinceSamios on January 10, 2014, 01:00:15 PM

BTW - Anybody who invested in this and didn't have a reasonable expectation that there was a 50% chance they would lose their money is... a... dumb fuck. I tried to be more civil on that, but... it's the most accurate phraseology I could come up with.

So lets say we all lose all our money - you are equally as much to blame as Ken. Think about it people, greed begets pain.

Thanks mate, I invested with the expectation of about 25% returns. I never really thought myself greedy.

Ken might have had hard issues and he may have had to do certain things, and if he was open and transparent about this I would not be so annoyed at the situation.

We have no idea what happened and what is going on.

fannybaws

newbie

Activity: 28

Merit: 0

Quote from: ?? on ??

Quote from: fannybaws on January 10, 2014, 12:39:31 PM

...The way I (mis) understood the recent announcement was that the RTL thingy applied to the boards themselves and not the chips. Could it be that the chips are all fine and ready to go but the boards are being redesigned?...

Lol no. RTL has nothing to do with boards.

Why are you laughing at someone because you have knowledge they don't. Is that why you turned out like this? Your teachers couldn't stop laughing at you was it? Fucking twat.

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: VinceSamios on January 10, 2014, 12:56:47 PM

Quote from: ?? on ??

Quote from: VinceSamios on January 10, 2014, 12:00:36 PM

Quote from: ?? on ??

there's no class action on this type of case
BG, are you not a shareholder?
Yes I'm a shareholder of an unregulated company in belize
well as you see i dont have any experience in these type of stuff but i'm willing to donate to get this started
the only people that have experience in this will not start it
I promise you
OK, why is that?
you have to literally understand you are putting good money after bad
to want to do this

Bargraphics is completely right - let's discuss the potential outcomes.

1. you run out of money before you get a verdict, then have to cover the other sides costs (most likely)
2. you lose, and have to cover both sides costs (very likely)
3. you win, but all the winnings only cover legal expenses and put your investment out of business. (least likely)
4. you sit back, and see what happens, and you might get rich, or your shares might be worth nothing.

Options 1,2, & 3 look great. Good thinking team. /sarcasm

If people only filed rape reports when it was financially advantageous for them, rapists would be free to continue with their rapings.
You have been raped, punked, what have you.
I applaud you for "sitting back and seeing what happens."
*There are people who actually believe in things like justice, and don't enjoy surprise butsecs of the Slaughter variety.

Thankfully this is the difference between criminal and civil - although Bargraphics rightly points out that if things don't get sorted then there may be a criminal case to answer for, but trying to get that ball rolling would end us all up with nothing, whereas I'm still confident ActM will eventually come up with something. We aren't particularly overdue and we don't know the extent of the problems.

Business != Rape

Risk != Rape

Profit != Risk Free

Please stop responding to crumbs if at all possible.

VinceSamios

sr. member

Activity: 448

Merit: 250

BTW - Anybody who invested in this and didn't have a reasonable expectation that there was a 50% chance they would lose their money is... a... dumb fuck. I tried to be more civil on that, but... it's the most accurate phraseology I could come up with.

So lets say we all lose all our money - you are equally as much to blame as Ken. Think about it people, greed begets pain.

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: fannybaws on January 10, 2014, 12:57:43 PM

Quote from: Bargraphics on January 10, 2014, 12:50:38 PM

Quote from: damiano on January 10, 2014, 12:50:23 PM

freenode irc? what channel?

Freenode #ActiveMining

Any chance the reCAPTCHA can be made accessible for humans? What a joke!

lol you can click on the audio button!

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: fannybaws on January 10, 2014, 12:57:43 PM

Quote from: Bargraphics on January 10, 2014, 12:50:38 PM

Quote from: damiano on January 10, 2014, 12:50:23 PM

freenode irc? what channel?

Freenode #ActiveMining

Any chance the reCAPTCHA can be made accessible for humans? What a joke!

Use a client program, I access the room all the time and never have reCAPTCHA

fannybaws

newbie

Activity: 28

Merit: 0

Quote from: Bargraphics on January 10, 2014, 12:50:38 PM

Quote from: damiano on January 10, 2014, 12:50:23 PM

freenode irc? what channel?

Freenode #ActiveMining

Any chance the reCAPTCHA can be made accessible for humans? What a joke!

VinceSamios

sr. member

Activity: 448

Merit: 250

Quote from: ?? on ??

Quote from: VinceSamios on January 10, 2014, 12:00:36 PM

Quote from: ?? on ??

there's no class action on this type of case
BG, are you not a shareholder?
Yes I'm a shareholder of an unregulated company in belize
well as you see i dont have any experience in these type of stuff but i'm willing to donate to get this started
the only people that have experience in this will not start it
I promise you
OK, why is that?
you have to literally understand you are putting good money after bad
to want to do this

Bargraphics is completely right - let's discuss the potential outcomes.

1. you run out of money before you get a verdict, then have to cover the other sides costs (most likely)
2. you lose, and have to cover both sides costs (very likely)
3. you win, but all the winnings only cover legal expenses and put your investment out of business. (least likely)
4. you sit back, and see what happens, and you might get rich, or your shares might be worth nothing.

Options 1,2, & 3 look great. Good thinking team. /sarcasm

If people only filed rape reports when it was financially advantageous for them, rapists would be free to continue with their rapings.
You have been raped, punked, what have you.
I applaud you for "sitting back and seeing what happens."
*There are people who actually believe in things like justice, and don't enjoy surprise butsecs of the Slaughter variety.

Thankfully this is the difference between criminal and civil - although Bargraphics rightly points out that if things don't get sorted then there may be a criminal case to answer for, but trying to get that ball rolling would end us all up with nothing, whereas I'm still confident ActM will eventually come up with something. We aren't particularly overdue and we don't know the extent of the problems.

Business != Rape

Risk != Rape

Profit != Risk Free

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: damiano on January 10, 2014, 12:50:23 PM

freenode irc? what channel?

Freenode #ActiveMining

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

freenode irc? what channel?

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: minerpart on January 10, 2014, 12:44:28 PM

Quote from: kslaughter on May 23, 2013, 01:44:46 AM

Quote from: AvenG on May 23, 2013, 12:27:55 AM

Quote from: kslaughter on May 22, 2013, 10:25:46 PM

Springfield, Mo – May 22, 2013 – AMC has announced today that they have started the process of porting their Bitcoin mining code to a FLip Chip 672 45nm. The port of AMC's code to this chip is expected to provide over 6 GH/s of hashing power per chip. AMC is a hybrid mining and development cooperative and a business unit of VMC.

45nm chips really?? who is AMC? and how long have you been working on this project?
Can you provide us some real pictures?

AMC is a hybrid mining and development cooperative and a business unit of VMC.

We have been working on this project for a little over a year.

Not yet, but we are working on it.

So in May 2013 we were close to having hashing 45nm chips? We never saw the pictures I guess (I wasn't around then) but could this be what the shipped products are based around? Or was Ken making it up in May?

Obviously he didn't have a full business plan put together yet and figured he could only get away with 45nm with an IPO on here. So once he struck a deal with eASIC 28nm he then put that plan into action instead of a 45nm. Also based on his post he was going to do a 45nm Standard-Cell not FPGA Copy. It would cost just about the same as the 28nm eASIC (Probably more if he was planning on doing a flip-chip as that packing is not cheap)

To answer the Bold, the answer is NO, porting anything over is the very first step once you contact a backend design company. Then you get to wait around 12 weeks for them to finish that, 8 weeks for the mask, 8 weeks for the wafers.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: fannybaws on January 10, 2014, 12:39:31 PM

The way I (mis) understood the recent announcement was that the RTL thingy applied to the boards themselves and not the chips. Could it be that the chips are all fine and ready to go but the boards are being redesigned?

From what I have read, the RTL process is before the ASIC being made process, because ASIC's do not need software (that's the point, the software is very minimal to drive the ASIC logic).

So we are still behind the making the first ASIC chip stage. I reckon the prototypes just did not work with the boards and both the boards and chip needed to go back to the drawing board.

byt411

hero member

Activity: 798

Merit: 1000

May I ask when we will finally get our shares back?

hobbymd

sr. member

Activity: 259

Merit: 250

Quote from: knybe on January 10, 2014, 12:37:15 PM

Quote from: somestranger on January 10, 2014, 11:16:38 AM

Quote from: damiano on January 10, 2014, 11:14:33 AM

Quote from: gogxmagog on January 09, 2014, 07:27:59 PM

if ken would get these shares on an exchange, we could at least see our divs...we are owed divs since bf shut down...if we saw divs, that would quell a lot of the shit-storm of scam accusations.

I couldn't agree anymore. This should be a priority along with the core business atm.

I don't know how much of a "priority" that "working on the core business" is when Ken is sitting on here all day deleting posts and not answering anyone's pertinent questions.

It's not ken deleting posts, at what point did you miss that?

It's forum moderators.

it is not the moderator, my deleted posts explicitly said it was deleted by the starter of this thread . if it was a moderator then you know it was deleted by a mod because it says in your pm message. Whoever was using ken's ( be it him or not) account thought by deleting posts can control the bomb shell that was dropped by the weekly update.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 142. (Read 771512 times)