the shareholders are in denial that we are very much behind schedule.
Someone wanna tell this guy?
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 328. (Read 771542 times)
November 25, 2013, 11:43:47 AM
Someone wanna tell this guy?
November 25, 2013, 11:34:32 AM
The eASIC announcement didn't even come until Sept. 5th. This had to have been close to the time the NRE was paid.
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Al right!
Using september 4'th as base and adding 9 weeks gives us: November 6'th (Chip samples delivered).
Adding 12 weeks gives us: November 27'th (Low-volume chip production starting).
Adding 16-18 weeks: December 25'th - January 8'th, with observation to christmas holidays (Normal volume chip production).
So we are basically a few weeks late on the delivery or we will be right on time if something happens by the end of November or first week of December, depending on how you calculate the beginning of the production timeline. We certainly aren't "way behind schedule". Having said that, I would really hope that things start picking-up SOON.
Edit: Or on time and already have the sample chips mining.
November 25, 2013, 11:11:08 AM
Why are you using september 19'th as date?
AcTM reached it's funding goal to provide funds for the NRE on July 19th.
AcTM reached it's funding goal to provide funds for the NRE on July 19th.
My apologies, didn't have the clearest head this Monday morning... I don't know why I used that date.
The eASIC announcement didn't even come until Sept. 5th. This had to have been close to the time the NRE was paid.
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Al right!
Using september 4'th as base and adding 9 weeks gives us: November 6'th (Chip samples delivered).
Adding 12 weeks gives us: November 27'th (Low-volume chip production starting).
Adding 16-18 weeks: December 25'th - January 8'th, with observation to christmas holidays (Normal volume chip production).
Now, this seems more concrete - it would be safe to assume a press release like this wouldn't exist until payment.
The question is, how long from press release (Thursday) to work commencing (?) - eASIC have other customers right?
Let's be lenient and give eASIC a full working week to clear any backlog before starting the project on Monday, September 16.
9 working weeks later would be last Monday (November 18) - but only if eASIC worked through the three public holidays in the US.
Assuming they don't just drop everything for us and allow their staff take holidays, Ken won't have chips in hand yet.
(Maybe they started before the press release but we don't know that. Communication from kslaughter and ffssixtynine indicate "end of November")
November 25, 2013, 11:07:51 AM
The eASIC announcement didn't even come until Sept. 5th. This had to have been close to the time the NRE was paid.
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Al right!
Using september 4'th as base and adding 9 weeks gives us: November 6'th (Chip samples delivered).
Adding 12 weeks gives us: November 27'th (Low-volume chip production starting).
Adding 16-18 weeks: December 25'th - January 8'th, with observation to christmas holidays (Normal volume chip production).
November 25, 2013, 10:40:43 AM
The eASIC announcement didn't even come until Sept. 5th. This had to have been close to the time the NRE was paid.
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
So, we should have received our sample chips by now or have them very soon. Ken said earlier that we would be adding an additional "3 TH in the next few weeks" - that sounds like the sample chips. This would coincide the the 9 week delivery.
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
So, we should have received our sample chips by now or have them very soon. Ken said earlier that we would be adding an additional "3 TH in the next few weeks" - that sounds like the sample chips. This would coincide the the 9 week delivery.
November 25, 2013, 09:37:25 AM
If Ken fails to deliver within next few days, he has promised to refund the customers.
I wonder if this might be a problem?
Yes, we will give refunds if we can not deliver on time.
I wonder if this might be a problem?
Quote
3) What happens if you cannot deliver my miner by October/November as stated on your website? Will I get a refund in this case?
Yes, we will give refunds if we can not deliver on time.
He did not confirm that October/November is equal to delivering on time. I believe each purchase on the site is given a unque "delivery by" and refund eligibility date.
November 25, 2013, 09:15:32 AM
If Ken fails to deliver within next few days, he has promised to refund the customers.
I wonder if this might be a problem?
Yes, we will give refunds if we can not deliver on time.
I wonder if this might be a problem?
Quote
3) What happens if you cannot deliver my miner by October/November as stated on your website? Will I get a refund in this case?
Yes, we will give refunds if we can not deliver on time.
November 25, 2013, 09:05:50 AM
To be able to say with certainty that we are behind schedule you need to have possession of that schedule.
We have never been privy to Ken's schedule and that's for the best.
vbs stopped updating his spreadsheet months ago however if you used that to form the assumption that we are behind schedule then I would have to agree with you.
We have never been privy to Ken's schedule and that's for the best.
vbs stopped updating his spreadsheet months ago however if you used that to form the assumption that we are behind schedule then I would have to agree with you.
We are behind schedule. I believe that is clear. The good news is: So is the competition.
With the rise in Bitcoin value, it doesn't matter as much to us now. Not to sound calloused, but I don't care much about ActM customers. If they get their miner before the end of year they'll make a nice profit. I don't want to see us miss any promised deadlines, but that's about it.
I want to see hashing power for ActM, ASAP - and so do you!
November 25, 2013, 08:44:40 AM
To be able to say with certainty that we are behind schedule you need to have possession of that schedule.
We have never been privy to Ken's schedule and that's for the best.
vbs stopped updating his spreadsheet months ago however if you used that to form the assumption that we are behind schedule then I would have to agree with you.
We have never been privy to Ken's schedule and that's for the best.
vbs stopped updating his spreadsheet months ago however if you used that to form the assumption that we are behind schedule then I would have to agree with you.
November 25, 2013, 08:14:04 AM
You're right. What is happening is the shareholders are in denial that we are very much behind schedule.
Ken has said that the future dates in that post are not from the date that post was created.
I will say this again and again and again; we are behind schedule. It's not helping the situation when the worshipping shareholders start spreading misinformation.
Why would the eASIC NDA be so strong that Ken can't even tell his investors if the company is on track? We are left with two options:
1 - Ken has made the decision not tell us anything, or...
2 - eASIC need a strong NDA because the 28nm is experimental and they have not delivered this new product to any client yet, and knew that delays were possible. The strong NDA is to stop negative press forming from angry clients.
I personally believe option 2 is the case and have voiced this opinion before, only to be called a "FUDster".
Ken has said that the future dates in that post are not from the date that post was created.
I will say this again and again and again; we are behind schedule. It's not helping the situation when the worshipping shareholders start spreading misinformation.
Why would the eASIC NDA be so strong that Ken can't even tell his investors if the company is on track? We are left with two options:
1 - Ken has made the decision not tell us anything, or...
2 - eASIC need a strong NDA because the 28nm is experimental and they have not delivered this new product to any client yet, and knew that delays were possible. The strong NDA is to stop negative press forming from angry clients.
I personally believe option 2 is the case and have voiced this opinion before, only to be called a "FUDster".
there are only a few shareholders that are in denial. unfortunately they are the loudest and act as bullies would and try to silence any real questions and requests for more info. comical, but also very sad.
November 25, 2013, 07:52:26 AM
Pretty sure Ken already clarified that post from the Sept 19th was not when the timelines stated started.
You're right. What is happening is the shareholders are in denial that we are very much behind schedule.
Ken has said that the future dates in that post are not from the date that post was created.
I will say this again and again and again; we are behind schedule. It's not helping the situation when the worshipping shareholders start spreading misinformation.
Why would the eASIC NDA be so strong that Ken can't even tell his investors if the company is on track? We are left with two options:
1 - Ken has made the decision not tell us anything, or...
2 - eASIC need a strong NDA because the 28nm is experimental and they have not delivered this new product to any client yet, and knew that delays were possible. The strong NDA is to stop negative press forming from angry clients.
I personally believe option 2 is the case and have voiced this opinion before, only to be called a "FUDster".
November 25, 2013, 07:51:12 AM
Pretty sure Ken already clarified that post from the Sept 19th was not when the timelines stated started.
He did, but people show up uninformed then start throwing out opinions.
November 25, 2013, 07:43:00 AM
Pretty sure Ken already clarified that post from the Sept 19th was not when the timelines stated started.
November 25, 2013, 07:38:13 AM
Unless we have new information, "on schedule for second half of November" is not "about 2 weeks ago now"
September 19 + 9 calendar weeks (including public holidays and weekends) = Thursday, November 21, 2013
September 19 + 9 working weeks (excluding public holidays and weekends) = Friday, December 20, 2013
(Excluding 13 Saturdays, 13 Sundays and 3 US public holidays - Columbus Day, Veterans Day and Thanksgiving Day)
If the 8 planets have aligned, maybe we received something on Thursday. Otherwise, please be realistic and stop making up dates.
At no point did I read that we would be hashing with prototypes right now, but do point out if I missed something.
^^
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
- Chip samples delivered in 9 weeks;
- Low-volume chip production starting in 12 weeks, using an e-beam process;
- Normal volume chip production starting in 16-18 weeks.
September 19 + 9 calendar weeks (including public holidays and weekends) = Thursday, November 21, 2013
September 19 + 9 working weeks (excluding public holidays and weekends) = Friday, December 20, 2013
(Excluding 13 Saturdays, 13 Sundays and 3 US public holidays - Columbus Day, Veterans Day and Thanksgiving Day)
If the 8 planets have aligned, maybe we received something on Thursday. Otherwise, please be realistic and stop making up dates.
At no point did I read that we would be hashing with prototypes right now, but do point out if I missed something.
I hope the NovemberAnnouncementTM will help clear things up.
^^
Why are you using september 19'th as date?
AcTM reached it's funding goal to provide funds for the NRE on July 19th.
ActiveMining: Reaches Its Goal to Fund The NRE to Create the Worlds Fastest Bitcoin Mining Chip
SPRINGFIELD, MO, - July 19, 2013 - Active Mining (AM) and Virtual Mining Corporation (VMC) are announcing today that they have reached their funding goal to provide funds for the NRE required by eASIC. VMC is in the process of creating the "World's Fastest Bitcoin Mining Chip" the Fast-Hash-One 28nm 16 GH/s chip. The Fast-Hash-One machines starts at 256 GH/s with a retail price of $3,999 or $15.62 per GH/s also making it the price leader in the market place. The Fast-Hash-One series of bitcoin mining machines are "The Gold Standard Of Bitcoin Mining Machines"™
SPRINGFIELD, MO, - July 19, 2013 - Active Mining (AM) and Virtual Mining Corporation (VMC) are announcing today that they have reached their funding goal to provide funds for the NRE required by eASIC. VMC is in the process of creating the "World's Fastest Bitcoin Mining Chip" the Fast-Hash-One 28nm 16 GH/s chip. The Fast-Hash-One machines starts at 256 GH/s with a retail price of $3,999 or $15.62 per GH/s also making it the price leader in the market place. The Fast-Hash-One series of bitcoin mining machines are "The Gold Standard Of Bitcoin Mining Machines"™
So, you are saying that it took exactly 2 months (July 19 --> September 19) from the time that he got the BTC's to pay eASIC the $1M USD?
I do recall that it took some time to get out the BTC's and convert them to USD etc, but 2 months?
Wow!
November 25, 2013, 06:56:01 AM
I have seen, that Active mining is traded on crypto stocks.
Anyone knows about this platform?
Are those stocks official?
Anyone knows about this platform?
Are those stocks official?
This information is in the thread.
November 25, 2013, 06:44:32 AM
I have seen, that Active mining is traded on crypto stocks.
Anyone knows about this platform?
Are those stocks official?
Anyone knows about this platform?
Are those stocks official?
November 25, 2013, 06:30:31 AM
I am sure we were meant to have the low-production run about 2 weeks ago now...
eASIC press release:
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly (re: press release)
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly (re: press release)
Just to point out to everyone who keeps saying it.. the second half of November is not the same as "mid-November".
Unless we have new information, "on schedule for second half of November" is not "about 2 weeks ago now"
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
- Chip samples delivered in 9 weeks;
- Low-volume chip production starting in 12 weeks, using an e-beam process;
- Normal volume chip production starting in 16-18 weeks.
September 19 + 9 calendar weeks (including public holidays and weekends) = Thursday, November 21, 2013
September 19 + 9 working weeks (excluding public holidays and weekends) = Friday, December 20, 2013
(Excluding 13 Saturdays, 13 Sundays and 3 US public holidays - Columbus Day, Veterans Day and Thanksgiving Day)
If the 8 planets have aligned, maybe we received something on Thursday. Otherwise, please be realistic and stop making up dates.
At no point did I read that we would be hashing with prototypes right now, but do point out if I missed something.
I hope the NovemberAnnouncementTM will help clear things up.
^^
November 25, 2013, 06:10:56 AM
I think that best thing now would be to create, even by hand, colored coins transaction, send outputs to BF addresses and start paying dividends on specified chain heights. CC client, ActM price and VMC attention will follow this soon.
November 25, 2013, 01:55:42 AM
Does the 16GH/s guestimate come from some kind of rough calculation? If so, based on what premises?
If it is plucked out of the air then il go back to lurking and let the rest of you FUD it out
Seriously? Post #1If it is plucked out of the air then il go back to lurking and let the rest of you FUD it out
Our chips in development
Generation 1: Fast-Hash. 28nm. Each chip's rated frequency is 800 MHz at 1.15V. It translates to 16,000 MH/s because it does 20 hashes per cycle. Chip requires proper handling of heat and power supply. It is expected the chip can be overclocked to 1000 MHz @ 20,000 MH/s.
eASIC Press Release
Why did you invest if you know nothing about the company? Generation 1: Fast-Hash. 28nm. Each chip's rated frequency is 800 MHz at 1.15V. It translates to 16,000 MH/s because it does 20 hashes per cycle. Chip requires proper handling of heat and power supply. It is expected the chip can be overclocked to 1000 MHz @ 20,000 MH/s.
eASIC Press Release
Thanks for pointing that out.
Actually I have been around since the beginning and know as much about the company as the more vocal shareholders in this thread - But it has been many many months and four different threads since I read the IPO statements from beginning to end, so forgive me if this one slipped my mind in the torrent of disinformation and speculation.
I find it hard to sniff out the unsubstantiated claims from the fact, whether it is coming from one of the cult-like happy-clappy die-hard cheerleaders or from one of the trolls - sometimes its hard to tell the two apart.
This would all be put to rest if Ken gave us some information - and i don't mean chip info that is covered by the NDA but merely some info about boards, power supply, WIP, cash in hand etc. That should all be known by shareholders at this stage.
I hope the NovemberAnnouncementTM will help clear things up.
EDIT: Punctuation
November 25, 2013, 12:01:44 AM
If each chip hashes at 16,000 Mhz, then I think that it may make sense that we're at low production. This would mean that we'd have approximately 1000 chips at this point right? That would seem more than just sample chips.
No. At the moment we have 1TH/s divide 16GH/s = 62 chips.
If we are at low-production then based on your 1000 chips we would be hashing at 16TH/s (Twice my estimate by the way)
So again no, we are hashing at perhaps 62 - 100 chips. And if that is the low-production run, then we are in trouble. I hope that is just the prototype.
Thanks for the clearup
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