Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 150. (Read 771512 times)

Ken would love to answer, but sorry, NDA is stopping him.

When did we hire the engineering firm to help with the RTL code? What month, clearly we were doing test on w/e we had back in November so what happened between now and then? Did we wait till January to hire the team?

Ken trusts no one but himself.
With that mindset we should start question if we are going to get any miners during 2014. Maybe June 2015 is more realistic?

8 days into the year, telling us "This year" is just not good enough Ken. 

Hire someone part time to get Crypto-trade up and running.  I'm sure there's more than a few people here with the necessary skills that would be happy to help.

You don't make the decisions.

This business will ultimately succeed or fail on what amount of hashing power can initially be enabled. The reinvestment will take care of the rest.

Not that Ken will read or listen to this 

Preorder money is not for speculations.

Ken,

You should use that $6,000,000 or so in pre-order money and buy BTC now.
If you expect the price to hit $10,000 (I do to) we could have $60,000,000 to buy cost price miners for the farm.
If customers want their refund give it to them in bitcoin (they were buying miners anyway) or just cash out the required amount of $.

On another note you really should give us some sort of timeline, we have been behind you all they way.

Damn.

I've just seen Ken's post. I've mostly stayed away from this thread due to the ridiculous trolling that was going on and the personal attacks, but I'm shocked by what I just read.

Ken, you and I strongly disagreed on the commercial side, lack of key skills on your management team, and a technical matter, to the point where my position was untenable. However, from what I remember you had apparently hired a really good engineering firm and you were always going to be in a good position as a mining company. The bitcoin price rise worked massively in your favour for both mining and hardware sales.

What happened to leave VMC in the current situation? Even mining with expensive low volume chips should have left you quids in by now. I don't understand why that hasn't happened.

Surely you owe everyone much more of an explanation than you've given. The NDA you have with eASIC doesn't cover absolutely everything you do as a business and shareholders need some proper facts on the problem, the remedy, and the schedule. You have always kept cards close to your chest but this is not the time to do it.

Even in my worst case forecast I had VMC down to have mass chip production and boards ready in Feb, with smaller units from late December or early January, but it sounds like that's far off.

Also, I seem to remember you stating that shipments had started but how can that have been true?

The finger cannot just be pointed at an external (unnamed yet experienced) engineering firm doing standard board design.

As always, I wish you all the best.

Re: eASIC - bothering them is not a good idea. They are an outsource company and if they start to get grief or hassled then it isn't a positive thing for shareholders.

Bitcoin at $10,000, at least by that point I will have the same fiat amount as when I invested when bitcoin==$100.

Who do you think is gonna be first, bitcoin at $10,000 or the ActM chips?

stop trying to veer us in the wrong direction with your lies.  You have no idea who the problem is because you have no information which you can actually call "valid".  you have no facts, because ken has not given you any.

It's funny that getting scammed by Labcoin was a better experience than this. At least it had up's and down's and ended quickly. Active Mining is a never-ending stream of lies and disappointments.

eASIC is not the problem, the problem is within ActiveMining. Also there is no way to prove you are a shareholder so I hope eASIC doesn't just give out information to random people about ActiveMining and its relationship to eASIC. Please don't make things worse by pissing off eASIC, if we indeed do get boards and request chips we could then have a delay from eASIC just because they want to fuck us over for having you call them with threats.

It is a bit difficult to take what ken has said at his word.

I'm not sure what is worse... Knowing that Labcoin was a scam and that the coins are gone, or this weak pos stringing me along.

I'll check back in 2 months to see if my shares are still worthless... later.

"ken said", "ken said"... i take everything that ken said and you know what I do with it??  ...check my toilet for more information

Well that's stupid. Ken said the issue is with the engineering firm that was making the boards.

But yeah go ahead and threaten a company worth at least $100,000,000 that is sure to work out for us.

How about I start my own updates.

For the next 2 weeks I am going to get on eASICS back.  I'll call every one of them to try to get a better understanding as to why my money has disappeared.  

I'll let you know next week about every discussion i have with them.  Don't worry, I will not take "NDA" as an answer to anything.  I'll make demands so they at least talk to us in an open discussion, because we at least deserve that.


eASIC WILL talk if you tell them their reputation depends on it.

I never check this thread anymore except on the update days.

(checks kens update)

Um yeah we are screwed.  Take a break from this thread and just write your investment off as a loss.  If some miracle happens then consider yourself lucky.