PLEASE do not give up guys. Please, I beg you. This is the thread where I come when I feel down so I can see that life could be much worse than it is....
Surely you do not believe that with millions of dollars and a completely credible chip design firm, that there has not been a working chip produced? Come on, you know eASIC would be able to bang out this simple design. You must believe that. Why not ask them?
The chips must have come otherwise how were you given stats? Maybe you should just be trying to track down the chips that your investment paid for? KNC stopped shipping and the network went from 5 PH/s to around 8 PH/s. Now it is around 12 PH/s. Someone is bringing miners on line and it cannot just be bitfury and ants....
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 152. (Read 771512 times)
January 08, 2014, 09:35:09 PM
January 08, 2014, 09:32:27 PM
Yes he said the RTL code was done but then today he said this:
Our engineers are still designing our board. We had to change our engineering firm, and
learn a few lessons about hiring an engineer firm. We don't have a date at this time.
Due to our inexperience with design, we have had a few set backs; however, we have hired
the most competent RTL design team to make sure that when we spin up our chip it will work. They are
very competent at Low-Power and getting the most speed from the chip.
Exactly, so what the firk is up? why not just hire them from the beginning and do it right the first time? Our engineers are still designing our board. We had to change our engineering firm, and
learn a few lessons about hiring an engineer firm. We don't have a date at this time.
Quote
What do you estimate the ActM hashrate be at the end of January, February and March?
Due to our inexperience with design, we have had a few set backs; however, we have hired
the most competent RTL design team to make sure that when we spin up our chip it will work. They are
very competent at Low-Power and getting the most speed from the chip.
January 08, 2014, 09:30:57 PM
I heard that VMC had tested its chips? however, can you please upload some picture of the psychical chip and the screenshot of your test result and the snapshot of the laboratory which you used to testing and developing your chip.
Thank You ,if you can provides these pictures~~~
Thank You ,if you can provides these pictures~~~
We have had our RTL code tested for feasibility to run on eASIC's chip. The RTL code was found to be feasible and from the results we have an estimate of the speed of 16 GH/s and power of less than 12 watts per chip.
Well shit, he gave the exact hash rate of the chips, and when i mentioned there was no way to be that precise without actual silicon, i was told that eAsic knows their shit better than I do.
Anyhow, if you notice the wording is tricky. He uses "feasible," not good, not verified, not approved, merely "feasible." It;s not tech jargon. It's deniability.
January 08, 2014, 09:30:19 PM
Yes he said the RTL code was done but then today he said this:
Our engineers are still designing our board. We had to change our engineering firm, and
learn a few lessons about hiring an engineer firm. We don't have a date at this time.
Due to our inexperience with design, we have had a few set backs; however, we have hired
the most competent RTL design team to make sure that when we spin up our chip it will work. They are
very competent at Low-Power and getting the most speed from the chip.
Our engineers are still designing our board. We had to change our engineering firm, and
learn a few lessons about hiring an engineer firm. We don't have a date at this time.
Quote
What do you estimate the ActM hashrate be at the end of January, February and March?
Due to our inexperience with design, we have had a few set backs; however, we have hired
the most competent RTL design team to make sure that when we spin up our chip it will work. They are
very competent at Low-Power and getting the most speed from the chip.
January 08, 2014, 09:17:55 PM
I heard that VMC had tested its chips? however, can you please upload some picture of the psychical chip and the screenshot of your test result and the snapshot of the laboratory which you used to testing and developing your chip.
Thank You ,if you can provides these pictures~~~
Thank You ,if you can provides these pictures~~~
We have had our RTL code tested for feasibility to run on eASIC's chip. The RTL code was found to be feasible and from the results we have an estimate of the speed of 16 GH/s and power of less than 12 watts per chip.
January 08, 2014, 09:06:45 PM
WTF the RTL code isn't even finished and we were supposed to be building miners in November!?
it's a little weird that investors have to protect the company on this forum rather than the actual people involved, don't you think? Just saying...
Interesting to have photos btw, but a big empty room, a box of psu's?, a small tool bench (doesn't seem to be for electronics though?), and a site visit by a member with 16 posts doesn't really do much. I think a lot more could be done to show this is all legit if in fact it really is.
If he had been first to market or in the initial group of three Avalon/AM/BFL his lack of evidence/unprofessional site might have been forgiven but, as it is today, everyone posting on this forum gets flamed out of existence unless they clearly establish proof of concept in their initial post. He might be a businessman, but businessmen need to look at themselves through potential customers eyes in order to succeed.
Interesting to have photos btw, but a big empty room, a box of psu's?, a small tool bench (doesn't seem to be for electronics though?), and a site visit by a member with 16 posts doesn't really do much. I think a lot more could be done to show this is all legit if in fact it really is.
If he had been first to market or in the initial group of three Avalon/AM/BFL his lack of evidence/unprofessional site might have been forgiven but, as it is today, everyone posting on this forum gets flamed out of existence unless they clearly establish proof of concept in their initial post. He might be a businessman, but businessmen need to look at themselves through potential customers eyes in order to succeed.
You're right. There are/needs to be many threads to manage all of the different aspects of ActiveMining/AMC/VMC. Just managing the threads takes up a good chunk of the day:
Threads Ken is overseeing:
- VMC (sales)
- AMC (mining, currently hashing)
- ActiveMining (shareholders, paying dividends)
There are a lot of balls up in the air at the moment, so we all have to pitch in. This is what he has on his plate at the moment:
To do list:
- Managing share transfers and shareholder queries for AMC and ActiveMining on BTC-TC and Bitfunder
- Manage 6 Hashing Avalons
- Klondike boards will be arriving soonish
- 20,000 Avalon chips are incoming this or next month.
- Avalon prototype board will be complete next week.
- eASIC approved Ken's RTL code for his chip which is rated at 16GH/s. They will commence immediate production once they receive the NRE (1 million dollars), there will be some printed out this upcoming 4th quarter, with full production starting Q1
- Managing those above threads
- Getting components and chassis for the boards
- Managing sales from the website and this forum
- Marketing - google "bitcoin mining machine" if you are in the US/Canada, Just bought all 7 advertising slots on this forum
He has his hands full. We're behind him trying to keep up and pick up all the loose ends.
lewicki claimed that eASIC had already tested the RTL code and that it worked with the chip - he said this back in July 18
January 08, 2014, 08:54:13 PM
WTF the RTL code isn't even finished and we were supposed to be building miners in November!?
January 08, 2014, 08:41:26 PM
Can anyone of you "intelligents" tell me, worst case scenario regarding the boards,
How long will they take from design - manufacture? Are we talking 6months here or?
How long will they take from design - manufacture? Are we talking 6months here or?
9 weeks for RTL at best before PCB test boards can even hit manufacturing. That's from a top talent company.
January 08, 2014, 08:41:03 PM
So let me get this straight. The company has nothing. Just contracts. Literally nothing to show. Not a single chip from eASIC. Not even a damned 3D rendering of a PCB at this point. Just a few dozen cases with power supplies in them. I can go to work tomorrow and produce the same picture.
Can you just flat out say "we have made literally no progress at this point" or list what actual specific designs have been completed so we're not wasting our time expecting some semblance of information?
At least show the shit that didn't work. Here is some stuff, it didn't work. Went back to drawing board on such and such date - have been working on a redesign for..." Can you just flat out say "we have made literally no progress at this point" or list what actual specific designs have been completed so we're not wasting our time expecting some semblance of information?
January 08, 2014, 08:36:59 PM
So let me get this straight. The company has nothing. Just contracts. Literally nothing to show. Not a single chip from eASIC. Not even a damned 3D rendering of a PCB at this point. Just a few dozen cases with power supplies in them. I can go to work tomorrow and produce the same picture.
Can you just flat out say "we have made literally no progress at this point" or list what actual specific designs have been completed so we're not wasting our time expecting some semblance of information?
Can you just flat out say "we have made literally no progress at this point" or list what actual specific designs have been completed so we're not wasting our time expecting some semblance of information?
January 08, 2014, 08:36:04 PM
There is still a very large upside potential to this project. Should this currency continue to appreciate, ACtM will have the funds and suppliers to roll out hardware at an unmatched pace within the hardware and mining industry. Major success for ACtM depends on the value of btc - while minor success (being the full IPO II price refund of 0.0025btc per share) is as good as guaranteed.
Either way, no-one is loosing their money here. As always - keep calm and carry on.
Either way, no-one is loosing their money here. As always - keep calm and carry on.
January 08, 2014, 08:34:09 PM
Can anyone of you "intelligents" tell me, worst case scenario regarding the boards,
How long will they take from design - manufacture? Are we talking 6months here or?
How long will they take from design - manufacture? Are we talking 6months here or?
January 08, 2014, 08:30:30 PM
Thanks for the update, Ken and the others of ActM!
Keep it up!
Now this actually made me laugh. What update? Can you find one detail of anything in the BS that Ken keeps feeding people like you? Or are you related to him?Keep it up!
People have their own take on things and you are imply that only yours is valid but you are mistaken.
See you all next week!
January 08, 2014, 08:26:59 PM
Thanks for the update, Ken and the others of ActM!
Keep it up!
Now this actually made me laugh. What update? Can you find one detail of anything in the BS that Ken keeps feeding people like you? Or are you related to him? Keep it up!
January 08, 2014, 08:26:34 PM
Anyone have an updated trolls list? Shits gonna get real spammy
January 08, 2014, 08:14:45 PM
Hey Jasun, I had to cash in those 2btc as I think you were aware of. Actually it was 2.7btc worth of cryptocoins which I had mined on my BFL Single to see me through to my next contract in February. 
January 08, 2014, 08:11:00 PM
I like it. It seems honest to me. Thats all we want. Thanks Ken. I'm still behind you. Remember all we are still in the infancy of cryptocurrencies. Although the baby smellbis off the cyrpto eco system, we haven't even reached xritical mass yet
January 08, 2014, 08:10:37 PM
Quote
When is the first batch of chips/boards supposed to arrive at VMC Assembly?
Our engineers are still designing our board. We had to change our engineering firm, and
learn a few lessons about hiring an engineer firm. We don't have a date at this time.
Come on man. Give us a date Ken. Give us a estimated date. Give us a time frame of when we are expected to receive our chips and board. Is it Feb or Mar? Are we going to be up and running before the end of Q1? Is your projected date Q2? I don't like hearing "this year" because we just started the year and we still have 11+ months left in this year. Please be more specific.
January 08, 2014, 08:08:02 PM
“You can please some of the people some of the time all of the people some of the time some of the people all of the time but you can never please all of the people all of the time.”
I genuinely feel for those shareholders who feel they are trapped and for whatever reason want to get their hands on some Bitcoins. For the trapped short term speculators I have zero sympathy and for the long term investors like myself I am chuffed to pieces. Ken is making this work and is clearly on a learning curve and is man enough to admit that. I respect him for that and am more than happy to wait for the coloured coins solution. The shareholders are along for the ride for the foreseeable future and can do nothing but suck it up.
I genuinely feel for those shareholders who feel they are trapped and for whatever reason want to get their hands on some Bitcoins. For the trapped short term speculators I have zero sympathy and for the long term investors like myself I am chuffed to pieces. Ken is making this work and is clearly on a learning curve and is man enough to admit that. I respect him for that and am more than happy to wait for the coloured coins solution. The shareholders are along for the ride for the foreseeable future and can do nothing but suck it up.
January 08, 2014, 08:07:17 PM
Weekly Update: 1/8/13
Question From VinceSamios:
Crypto-Trade and ChromaWallet (colored Coins). As soon as we get time to finish the
verification interface; however, our core business comes first and working on Intellihash.
Our engineers are still designing our board. We had to change our engineering firm, and
learn a few lessons about hiring an engineer firm. We don't have a date at this time.
Due to our inexperience with design, we have had a few set backs; however, we have hired
the most competent RTL design team to make sure that when we spin up our chip it will work. They are
very competent at Low-Power and getting the most speed from the chip.
Not at this time.
Comment From The CEO
How I see us going forward is we will get our chip and boards into production as soon as possible. Active Mining is in one of the best positions to take advantage of the Bitcoin network. Once we have our chips and boards in production this year we will be one of only two companies in the world which manufactures Bitcoin mining hardware and also mines. With this combination we have unlimited availability to bitcoin mining hardware only limited by our resources. What I see in the future is bitcoin's exchange rate for USD going to over $10,000 in the next year. If this happens Active Mining with its own chip, our current resources which will be increasing with the exchange rate, and eASIC as our partner will put us in an excellent position to dominate our market. Intellihash will just be an added boost should it turn out to be a game changer.
Kenneth E. Slaughter, CEO/CTO
Forward Looking Statements:
This press release contains forward-looking statements, including, without limitation, statements related to VMC’s future sales and the value of bitcoin and future hashing rates. Words such as "expects" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon VMC’s current expectations. Forward-looking statements involve risks and uncertainties. The company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, economic conditions, customer business environment and inventory levels, government and technological factors outside of our control, adoption and roll-out of products, risks related to ability to capitalize on growth opportunities and markets, risks related to our ability to manage our growth and other risks that may cause our business, industry, strategy or actual results to differ materially from the forward-looking statements. VMC expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.
Active Mining PR-Staff
Question From VinceSamios:
Quote
Update Requests:
When and Where will we be able to trade shares?
When and Where will we be able to trade shares?
Crypto-Trade and ChromaWallet (colored Coins). As soon as we get time to finish the
verification interface; however, our core business comes first and working on Intellihash.
Quote
When is the first batch of chips/boards supposed to arrive at VMC Assembly?
Our engineers are still designing our board. We had to change our engineering firm, and
learn a few lessons about hiring an engineer firm. We don't have a date at this time.
Quote
What do you estimate the ActM hashrate be at the end of January, February and March?
Due to our inexperience with design, we have had a few set backs; however, we have hired
the most competent RTL design team to make sure that when we spin up our chip it will work. They are
very competent at Low-Power and getting the most speed from the chip.
Quote
Do you have any more accurate energy efficiency figures yet? w/GH?
Not at this time.
Comment From The CEO
How I see us going forward is we will get our chip and boards into production as soon as possible. Active Mining is in one of the best positions to take advantage of the Bitcoin network. Once we have our chips and boards in production this year we will be one of only two companies in the world which manufactures Bitcoin mining hardware and also mines. With this combination we have unlimited availability to bitcoin mining hardware only limited by our resources. What I see in the future is bitcoin's exchange rate for USD going to over $10,000 in the next year. If this happens Active Mining with its own chip, our current resources which will be increasing with the exchange rate, and eASIC as our partner will put us in an excellent position to dominate our market. Intellihash will just be an added boost should it turn out to be a game changer.
Kenneth E. Slaughter, CEO/CTO
Forward Looking Statements:
This press release contains forward-looking statements, including, without limitation, statements related to VMC’s future sales and the value of bitcoin and future hashing rates. Words such as "expects" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon VMC’s current expectations. Forward-looking statements involve risks and uncertainties. The company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, economic conditions, customer business environment and inventory levels, government and technological factors outside of our control, adoption and roll-out of products, risks related to ability to capitalize on growth opportunities and markets, risks related to our ability to manage our growth and other risks that may cause our business, industry, strategy or actual results to differ materially from the forward-looking statements. VMC expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.
Active Mining PR-Staff
trolls will howl this night.
Jump to: