Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 234. (Read 771288 times)
December 12, 2013, 05:52:31 PM
Hey Vince, the dates you offered have the sample chips arriving 1 day after Ken announced we were hashing with 'other resources'.
December 12, 2013, 05:50:37 PM
Most companies where I live have a few weeks off during christmas holidays.
Is not that the case in US?
If so, maybe add 2 weeks is in order.
Is not that the case in US?
If so, maybe add 2 weeks is in order.
This is a good point, adding 1-2 weeks would put our full-volume timeframe would put us at Dec. 13 - Jan 17. That is, if foundries have holidays off which I do not know (and welcome someone more knowledgeable weighing in on)
There is no way a foundry would put its machines to sleep... no way in hell. They'll be triple shifting that shit all the way through.
A foundry may not (and in fact I wouldn't expect it too but didn't want to say anything definitive due to my aforementioned ignorance) but our engineers, or suppliers (though this shouldn't be an issue as we should have all of the extraneous parts by the time our chips get here), or some other link in the chain that isn't the foundry MAY have holiday delays, again, nothing is definitive and we would need to hear it from Ken to know for certain.
December 12, 2013, 05:46:18 PM
Let's go conservative.
Ken issues bullish announcement during his visit to eASIC,
and estimates two weeks for NRE to be paid 26th July
Ken returns from his trip to eASIC and the Engineering firm 3rd August
Ken posts to say he is busy working on eASIC deal 4th August
NRE Funds paid (sometime before August 28th)
Ken confirms NRE funds were converted 'some time ago' 28th August
eASIC issue press release 4th September
Avalon refund confirmed as having been received 12th September
Chip samples delivered in 9 weeks; 31th October
Ken announces gradual hashrate increase including 'other resources' 30th October
Low-volume chip production starting in 12 weeks, using an e-beam process; 27th November
Normal volume chip production starting in 16-18 weeks. 26th December - 8th January
and estimates two weeks for NRE to be paid 26th July
Ken returns from his trip to eASIC and the Engineering firm 3rd August
Ken posts to say he is busy working on eASIC deal 4th August
NRE Funds paid (sometime before August 28th)
Ken confirms NRE funds were converted 'some time ago' 28th August
eASIC issue press release 4th September
Avalon refund confirmed as having been received 12th September
Chip samples delivered in 9 weeks; 31th October
Ken announces gradual hashrate increase including 'other resources' 30th October
Low-volume chip production starting in 12 weeks, using an e-beam process; 27th November
Normal volume chip production starting in 16-18 weeks. 26th December - 8th January
December 12, 2013, 05:41:10 PM
Most companies where I live have a few weeks off during christmas holidays.
Is not that the case in US?
If so, maybe add 2 weeks is in order.
Is not that the case in US?
If so, maybe add 2 weeks is in order.
This is a good point, adding 1-2 weeks would put our full-volume timeframe would put us at Dec. 13 - Jan 17. That is, if foundries have holidays off which I do not know (and welcome someone more knowledgeable weighing in on)
There is no way a foundry would put its machines to sleep... no way in hell. They'll be triple shifting that shit all the way through.
December 12, 2013, 05:35:26 PM
Yes, we will all be rich by February 1, 2014.
http://en.wikipedia.org/wiki/Second_Coming
http://en.wikipedia.org/wiki/Predictions_and_claims_for_the_Second_Coming_of_Christ
http://en.wikipedia.org/wiki/Second_Coming
http://en.wikipedia.org/wiki/Predictions_and_claims_for_the_Second_Coming_of_Christ
I'm a little unclear on when I'll be rich, someone please confirm that it's this February?
December 12, 2013, 05:30:47 PM
Most companies where I live have a few weeks off during christmas holidays.
Is not that the case in US?
If so, maybe add 2 weeks is in order.
Is not that the case in US?
If so, maybe add 2 weeks is in order.
This is a good point, adding 1-2 weeks would put our full-volume timeframe would put us at Dec. 13 - Jan 17. That is, if foundries have holidays off which I do not know (and welcome someone more knowledgeable weighing in on)
December 12, 2013, 05:28:15 PM
Most companies where I live have a few weeks off during christmas holidays.
Is not that the case in US?
If so, maybe add 2 weeks is in order.
Is not that the case in US?
If so, maybe add 2 weeks is in order.
Typically the time between Christmas and New Years is unproductive. In this year's case it's about a week.
December 12, 2013, 05:23:21 PM
I'm a little unclear on when I'll be rich, someone please confirm that it's this February?
unconfirmed.
This information is under a NDA.
December 12, 2013, 05:21:18 PM
Most companies where I live have a few weeks off during christmas holidays.
Is not that the case in US?
If so, maybe add 2 weeks is in order.
Is not that the case in US?
If so, maybe add 2 weeks is in order.
December 12, 2013, 05:19:55 PM
What date are you starting from? The forecast was posted on September 19th.
From the estimated date that the NRE was paid. The timeline starts with the NRE, not with a post on the forum.
Awesome, the earlier the better. Thanks for clearing that up.
December 12, 2013, 05:18:44 PM
What date are you starting from? The forecast was posted on September 19th.
From the estimated date that the NRE was paid. The timeline starts with the NRE, not with a post on the forum.
EDIT: beaten to it
December 12, 2013, 05:17:57 PM
What date are you starting from? The forecast was posted on September 19th.
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
Chip samples delivered in 9 weeks; November 21st
Low-volume chip production starting in 12 weeks, using an e-beam process; December 12th
Normal volume chip production starting in 16-18 weeks. January 9th - January 23th
This has came up a couple of times and it has been concluded that the timetable for chip production's start date was not the date of that post but the date from payment of NRE funds.
I'm starting from 26th July as we know that is when Ken informed us that it would take two weeks for the NRE funds to be converted and paid.
Two weeks from that is 9th August so you can apply the quoted timetable from this date.
As I pointed out this is best case scenario however because we know that there are only 19 days separating my estimate for sample chip delivery and actually hashing with them and that building working miners from the chips isn't an instant turnaround, I'd say the estimates won't be that far from reality.
December 12, 2013, 05:06:11 PM
I'm a little unclear on when I'll be rich, someone please confirm that it's this February?
unconfirmed.
December 12, 2013, 05:05:29 PM
Here is a timeline using factual dates in bold and best case date estimates for chip development using the timetable presented by Ken on the front page of this thread.
Ken issues bullish announcement during his visit to eASIC,
and estimates two weeks for NRE to be paid 26th July
Ken returns from his trip to eASIC and the Engineering firm 3rd August
Ken posts to say he is busy working on eASIC deal 4th August
NRE Funds paid 9th August
Ken confirms NRE funds were converted 'some time ago' 28th August
eASIC issue press release 4th September
Avalon refund confirmed as having been received 12th September
Chip samples delivered in 9 weeks; 11th October
Ken announces gradual hashrate increase 30th October
Low-volume chip production starting in 12 weeks, using an e-beam process; 1st November
Normal volume chip production starting in 16-18 weeks. 29th Nov - 13th December
What I'd like to know is during the period it became apparent that our machines would never make ROI and we went back to R&D and came up with Intellihash did this create a delay?
Or was it perhaps a part of the process which wouldn't actually affect the timetable for achieving normal chip production?
EDIT: added hashrate icrease from Ozymandias
Ken issues bullish announcement during his visit to eASIC,
and estimates two weeks for NRE to be paid 26th July
Ken returns from his trip to eASIC and the Engineering firm 3rd August
Ken posts to say he is busy working on eASIC deal 4th August
NRE Funds paid 9th August
Ken confirms NRE funds were converted 'some time ago' 28th August
eASIC issue press release 4th September
Avalon refund confirmed as having been received 12th September
Chip samples delivered in 9 weeks; 11th October
Ken announces gradual hashrate increase 30th October
Low-volume chip production starting in 12 weeks, using an e-beam process; 1st November
Normal volume chip production starting in 16-18 weeks. 29th Nov - 13th December
What I'd like to know is during the period it became apparent that our machines would never make ROI and we went back to R&D and came up with Intellihash did this create a delay?
Or was it perhaps a part of the process which wouldn't actually affect the timetable for achieving normal chip production?
EDIT: added hashrate icrease from Ozymandias
What date are you starting from? The forecast was posted on September 19th.
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
Chip samples delivered in 9 weeks; November 21st
Low-volume chip production starting in 12 weeks, using an e-beam process; December 12th
Normal volume chip production starting in 16-18 weeks. January 9th - January 23th
December 12, 2013, 04:59:33 PM
I'm a little unclear on when I'll be rich, someone please confirm that it's this February?
December 12, 2013, 04:54:20 PM
LorenzoMoney... is your selling offer still valid and was it 0.00075BTC per share?
December 12, 2013, 04:31:16 PM
Thanks, that's just what I was after!
13th December is tomorrow.
13th December is tomorrow.
December 12, 2013, 04:29:39 PM
Here is a timeline using factual dates in bold and best case date estimates for chip development using the timetable presented by Ken on the front page of this thread.
Ken issues bullish announcement during his visit to eASIC,
and estimates two weeks for NRE to be paid 26th July
Ken returns from his trip to eASIC and the Engineering firm 3rd August
Ken posts to say he is busy working on eASIC deal 4th August
NRE Funds paid 9th August - 17th August (conservatism demands a range)
Ken confirms NRE funds were converted 'some time ago' 28th August
eASIC issue press release 4th September
Avalon refund confirmed as having been received 12th September
Chip samples delivered in 9 weeks; 11th October - 18th October
Ken announces gradual hashrate increase October 30th
Low-volume chip production starting in 12 weeks, using an e-beam process; 1st November - 8th November
--------------Delay due to Intellihash---------------------
Normal volume chip production starting in 16-18 weeks (+2 for intellihash). 13th Dec - 3rd Jan
What I'd like to know is during the period it became apparent that our machines would never make ROI and we went back to R&D and came up with Intellihash did this create a delay?
Or was it perhaps a part of the process which wouldn't actually affect the timetable for achieving normal chip production?
Ken issues bullish announcement during his visit to eASIC,
and estimates two weeks for NRE to be paid 26th July
Ken returns from his trip to eASIC and the Engineering firm 3rd August
Ken posts to say he is busy working on eASIC deal 4th August
NRE Funds paid 9th August - 17th August (conservatism demands a range)
Ken confirms NRE funds were converted 'some time ago' 28th August
eASIC issue press release 4th September
Avalon refund confirmed as having been received 12th September
Chip samples delivered in 9 weeks; 11th October - 18th October
Ken announces gradual hashrate increase October 30th
Low-volume chip production starting in 12 weeks, using an e-beam process; 1st November - 8th November
--------------Delay due to Intellihash---------------------
Normal volume chip production starting in 16-18 weeks (+2 for intellihash). 13th Dec - 3rd Jan
What I'd like to know is during the period it became apparent that our machines would never make ROI and we went back to R&D and came up with Intellihash did this create a delay?
Or was it perhaps a part of the process which wouldn't actually affect the timetable for achieving normal chip production?
I've made a few corrections/suggestions and an addition. My assumption is that intellihash will set our chips back two weeks. Based on these timeframes, it actually looks like we're doing pretty well with respect to keeping on schedule
December 12, 2013, 04:16:48 PM
Here is a timeline using factual dates in bold and best case date estimates for chip development using the timetable presented by Ken on the front page of this thread.
Ken issues bullish announcement during his visit to eASIC,
and estimates two weeks for NRE to be paid 26th July
Ken returns from his trip to eASIC and the Engineering firm 3rd August
Ken posts to say he is busy working on eASIC deal 4th August
NRE Funds paid 9th August
Ken confirms NRE funds were converted 'some time ago' 28th August
eASIC issue press release 4th September
Avalon refund confirmed as having been received 12th September
Chip samples delivered in 9 weeks; 11th October
Ken announces gradual hashrate increase including 'other resources' 30th October
Low-volume chip production starting in 12 weeks, using an e-beam process; 1st November
Normal volume chip production starting in 16-18 weeks. 29th Nov - 13th December
What I'd like to know is during the period it became apparent that our machines would never make ROI and we went back to R&D and came up with Intellihash did this create a delay?
Or was it perhaps a part of the process which wouldn't actually affect the timetable for achieving normal chip production?
EDIT: added hashrate increase from Ozymandias
Ken issues bullish announcement during his visit to eASIC,
and estimates two weeks for NRE to be paid 26th July
Ken returns from his trip to eASIC and the Engineering firm 3rd August
Ken posts to say he is busy working on eASIC deal 4th August
NRE Funds paid 9th August
Ken confirms NRE funds were converted 'some time ago' 28th August
eASIC issue press release 4th September
Avalon refund confirmed as having been received 12th September
Chip samples delivered in 9 weeks; 11th October
Ken announces gradual hashrate increase including 'other resources' 30th October
Low-volume chip production starting in 12 weeks, using an e-beam process; 1st November
Normal volume chip production starting in 16-18 weeks. 29th Nov - 13th December
What I'd like to know is during the period it became apparent that our machines would never make ROI and we went back to R&D and came up with Intellihash did this create a delay?
Or was it perhaps a part of the process which wouldn't actually affect the timetable for achieving normal chip production?
EDIT: added hashrate increase from Ozymandias
December 12, 2013, 04:00:22 PM
What is with the "we"? There is no we. Ken does not ask for your advice, my advice, our advice.
There is no we.
When you buy shares of IBM, no one asks for your opinion in terms of their marketing pans or strategic plans.
Active Mining is not some sports team where you identify as a member of the team even though you have never played sports and are not an owner.
This may not be as unlikely as one might think. We are due backdated divs from mining and 50% profit from the first products that were shipped.
Lets say we'll have 46btc in our mining wallet, that will be 460 satoshi per share, I doubt we shipped more than 20-30btc worth (and even that seems a bit high to me) of miners since we were just on sample and low-volume stages of production so personally I'm not expecting anything over 600satoshi/share. It's 3-4 weeks after full production starts (so 3-4 weeks from 1-2 weeks from now) when the dividends will really start flowing.
There is no we.
When you buy shares of IBM, no one asks for your opinion in terms of their marketing pans or strategic plans.
Active Mining is not some sports team where you identify as a member of the team even though you have never played sports and are not an owner.
oh well… it's fun to fantasize about a big fat Ken Xmas present.
This may not be as unlikely as one might think. We are due backdated divs from mining and 50% profit from the first products that were shipped.
Lets say we'll have 46btc in our mining wallet, that will be 460 satoshi per share, I doubt we shipped more than 20-30btc worth (and even that seems a bit high to me) of miners since we were just on sample and low-volume stages of production so personally I'm not expecting anything over 600satoshi/share. It's 3-4 weeks after full production starts (so 3-4 weeks from 1-2 weeks from now) when the dividends will really start flowing.
Grammatical simplicity, it's easier to say 'we' than 'the active mining corporation' or 'the shareholders of the active mining corporation' or any variation of the two
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