It's just laughable that he thinks he can throw that in as an off the cuff remark in a company update. Easic don't even do 20nm so what we just paid them $1mill for nothing?
How long before Ken announces he is selling some of his company shares to pay for the 20nm. Seriously if that happens I pray everybody runs for the hills.
Your supposed to be running a multi-million dollar company. Hire a reputable PR firm this month or I will be filing a complaint with the SEC.
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 31. (Read 771520 times)
February 06, 2014, 08:03:09 AM
February 06, 2014, 07:03:49 AM
With new 100 BTC in his pocket we suddenly have the new big idea. Yes we are fools. Please stop Ken!
February 06, 2014, 06:45:43 AM
Just as it seemed Ken was starting to take this company some where he throws this 20nm garbage out. This is the first time in this whole fiasco I have actually thought this could be a scam.
Promise, promise promise - missed deadlines, missed deadlines, missed deadlines.
@Ken please try to achieve something tangible before you shoot for the moon.
Promise, promise promise - missed deadlines, missed deadlines, missed deadlines.
@Ken please try to achieve something tangible before you shoot for the moon.
You're right, things were looking a little plausible even if depressing, until Ken starts talking about a 20nm.
How much was KNC's 20nm? $5,000,000 at least.
A 30GH/s might not be the best, but we could certainly eat 1 - 2% of the network with it.
Ken what the hell is going on? What about the other guys in that startup you hired? Do they think this is a good idea? Could we possibly hear from them?
February 06, 2014, 06:43:07 AM
For those of you that want to take on the risk, I am willing to sell 114,425 shares for 50 bitcoin.
We'll use escrow from a trusted member of bitcointalk that has nothing todo with ActiveMining. The 50 bitcoin will be held by escrow until Ken releases the shares, once I get my shares and send them to your CT account, the escrow will release the 50 bitcoin to me.
Any believers left?
...
We'll use escrow from a trusted member of bitcointalk that has nothing todo with ActiveMining. The 50 bitcoin will be held by escrow until Ken releases the shares, once I get my shares and send them to your CT account, the escrow will release the 50 bitcoin to me.
Any believers left?
...
February 06, 2014, 06:42:28 AM
Just as it seemed Ken was starting to take this company some where he throws this 20nm garbage out. This is the first time in this whole fiasco I have actually thought this could be a scam.
Promise, promise promise - missed deadlines, missed deadlines, missed deadlines.
@Ken please try to achieve something tangible before you shoot for the moon.
Promise, promise promise - missed deadlines, missed deadlines, missed deadlines.
@Ken please try to achieve something tangible before you shoot for the moon.
February 06, 2014, 06:38:41 AM
20nm, this is a joke. I would rather the 30GH asap so that we can start making some money, use the 50% reinvestment to go for 20nm.
Ken, just get us the 55 and 28 as soon as possible, at this point we just want a chip, not another delay/lie.
Also let some of us sell please. Even selling everything at 0.0002 at this point would be a good exit.
Ken, just get us the 55 and 28 as soon as possible, at this point we just want a chip, not another delay/lie.
Also let some of us sell please. Even selling everything at 0.0002 at this point would be a good exit.
February 06, 2014, 06:31:00 AM
I want to trade my shares please.
By "trade" you mean "sell" and yes, everyone wants the same thing. 
February 06, 2014, 06:20:53 AM
If there is the remotest chance that 20nm chips could not be produced within the same time frame as the 28nm and if Ken is unable to give an absolute guarantee supported by hard facts and figures that he could pull it off, then in my opinion, pursuing the 20nm at this stage would be a grave error for the company.
There are people out there who didn't buy Bitcoins when they were $30 because they decided to wait for a better deal. The same people then waited when the price hit $270 and then $600, and so on. I can see similarities with ActM having not produced the original chips and now talking about skipping the full custom in favour of 20nm.
There are people out there who didn't buy Bitcoins when they were $30 because they decided to wait for a better deal. The same people then waited when the price hit $270 and then $600, and so on. I can see similarities with ActM having not produced the original chips and now talking about skipping the full custom in favour of 20nm.
February 06, 2014, 05:11:26 AM
February 06, 2014, 05:06:15 AM
This 20nm malarkey,
The benefit is not enough to justify the delay, cost and risk.
Ken - don't do it.
February 06, 2014, 04:44:20 AM
Can we stop focusing so much on how fast the chips are? Someone else said it best. The most important thing is time to hash and the price per GH/S.
Ken, 30gh is poor but what's the cost per GH?
also please let us trade the damn shares. COME ON!
Ken, 30gh is poor but what's the cost per GH?
also please let us trade the damn shares. COME ON!
February 06, 2014, 04:32:16 AM
So let's get this right, you couldn't get a 28nm chip on time. Your full custom 28nm performs worse than KNC's released last year and now you want to go to 20nm something that nobody has done successfully yet.
Ken you have failed to meet every single deadline you have set that was important to shareholders - try fulfilling some promises before you go down the 20nm route.
Ken you have failed to meet every single deadline you have set that was important to shareholders - try fulfilling some promises before you go down the 20nm route.
February 06, 2014, 04:25:19 AM
Weekly Update 2/5/2013
First off Ken for the last few updates you have had the wrong date, but now its taking the biscuit. It's 2014 now - maybe your confused because we are meant to be hashing.
Second don't start changing plans it will cause a mass fuck up.
And last but no least let me trade and get out before the stock dies, I was going to buy more but now I see the light and want out at a small loss at best!
First off Ken for the last few updates you have had the wrong date, but now its taking the biscuit. It's 2014 now - maybe your confused because we are meant to be hashing.
Second don't start changing plans it will cause a mass fuck up.
And last but no least let me trade and get out before the stock dies, I was going to buy more but now I see the light and want out at a small loss at best!
February 06, 2014, 03:53:10 AM
I can't be the only person that started scratching my head when it's announced that 10.488TH/s takes up 2 42u racks according to Ken.
Considering ActM has plans to host close to 50TH/s in the same racks within months, I'm not scratching my head at all. Why the hell do you care about hashing density? It's one of the least important factors.
Most important: Time to market/rollout speed
Second most important: Energy Efficiency
Third most important: Energy costs
Fourth most important: Hashing density
February 06, 2014, 03:01:43 AM
Omg , please don't go 20nm , finish 28nm first.
February 06, 2014, 01:30:59 AM
I want to trade my shares please.
February 05, 2014, 11:51:50 PM
"skipping 28nm" completely is just more evidence that there was no 28nm to begin with.
February 05, 2014, 11:49:13 PM
We are also thinking about going to a 20nm custom chip and skipping the 28nm, if we can get it produced fast enough.
No... Just no. Do you honestly hear yourself, Ken? One, has eASIC even publicly announced that they are capable of making a 20nm chip in the near future? Stick with 28, let's mine the shit out of them, and THEN we can look into expanding into 20nm.
February 05, 2014, 11:02:37 PM
Weekly Update 2/5/2013
This last week has been very busy with our Project manager and engineers working with eASIC on our 28nm custom chip. We have receive the first results back and the chip is expected to run at 30 GH/s, we are working on improving this number. Also, we have received the quote on our PCIe board and our project manager and engineers are meeting with eASIC and our board engineers this week to keep our project on track. We are also meeting with UMC to finalize our account setup. We are also thinking about going to a 20nm custom chip and skipping the 28nm, if we can get it produced fast enough.
totally meaningless drivel. switching processes increases risk and cost, and changes some of the fundamentals of electronics engineering.
to say 30GH on a chip is also meaningless. KNC, Cointerra, Hashfast all created big-die chips that are capable of 10x that per chip, but use less chips. The important number is how many GH in how small a space
That's why it's kind of laughable how much real estate ActiveMining needs for 10TH/s at the moment. KNC's Neptune (Shipping in late Q2 possibly Q3, they already have a backup plan if they miss the Q2 deadline) will run 3TH/s+ (probably at least around 3.5TH/s given the latest news) out of 2.6 cubic feet, rounded up slightly.
I can't be the only person that started scratching my head when it's announced that 10.488TH/s takes up 2 42u racks according to Ken. I know each of my racks takes up between 45-50 cubic feet depending on which rack we're talking about. I have 2 empty racks at the moment but why would I fill them up with 10.488TH/s when I can just buy three Jupiters that I could literally put on my desk?
Regardless, all this information is useless until there's less mindless announcement being spouted out and real chips being produced with real world figures.
Corrected in bold^^
February 05, 2014, 10:27:40 PM
My earlier post got deleted from this self-moderated thread somehow, let's see if this gets deleted too. Ken, you owe us an answer.
Can I ask again about those millions of dollars we have in preorders? Are we still holding the money? Are the customers all cool with it?
Also, are our own miners included in the figure for preorders? I'm a bit uncertain on how a virtual entity representing both itself and its profits works when the company owning the virtual entity is based in Belize and the virtual entity is doing business in the United States of America. Would the virtual entity preorder miners from its and its profits' owner?
Can I ask again about those millions of dollars we have in preorders? Are we still holding the money? Are the customers all cool with it?
Also, are our own miners included in the figure for preorders? I'm a bit uncertain on how a virtual entity representing both itself and its profits works when the company owning the virtual entity is based in Belize and the virtual entity is doing business in the United States of America. Would the virtual entity preorder miners from its and its profits' owner?
Why do people keep saying "we"
There is no "we" you are not partial owners in this company, you "maybe" own some unregulated, unknown, untradeable shares in something, but since so many of you people were so excited to throw your money at bitcoin to try and get rich, you didn't get any details about these questions up front. You basically own nothing, and until you realize that and start demanding your money back, nothing will be exactly what you get. Jump to: