Ken, do you have any comments on the resignation of the board? I'm concerned about a CEO who can't take advice and this appears to be the general sentiment of the board - further, two former board members (ffssixtynine, lewicki) have confirmed they have liquidated all of their ActM shares, and one board member suggested all board members had liquidated. - can you confirm if these individuals were privy to any information they could use to their trading advantage?
Also I think all shareholders were disappointed with the hardware sales figures considering others have sold more than $17mil in pre orders in the same time frame. I believe the board was trying to help you boost these sales figures as a priority - I'm interested on your view here.
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 506. (Read 771302 times)
September 20, 2013, 09:51:54 AM
September 20, 2013, 09:32:51 AM
ActM needs a steady stream of information release, especially for a startup. Waiting a month between updates has basically killed-off interest. There has to be something you can update everyone with.
To be more specific, it would really help if a narrative of the path that ActM is on, and importantly, where and at what stage ActM is at currently, on that path.
This story has to reach non-techy as well as savvy interest alike, for that share price to go in the right direction.
More picture progress, is what im saying. As Vigil says, interest is killed, without adequate and consistent engagement.
September 20, 2013, 09:18:40 AM
It is relevant in the speculation thread. This thread is for discussion of the company not the share price.
IOW: this thread is pretty much for people who are long in ActM, or are deciding whether or not they should be.
IOW: this thread is pretty much for people who are long in ActM, or are deciding whether or not they should be.
I think stock crashing effects both long and short-term investors, representing the public's sentiment concerning this company's worth.
If prices go up, the PR/marketing can justifiably assume they're doing their job. When the prices plummet, on zero news, well ... you know.
May i ask if you are currently invested in ActM?
September 20, 2013, 09:15:19 AM
ActM needs a steady stream of information release, especially for a startup. Waiting a month between updates has basically killed-off interest. There has to be something you can update everyone with.
To be more specific, it would really help if a narrative of the path that ActM is on, and importantly, where and at what stage ActM is at currently, on that path.
This story has to reach non-techy as well as savvy interest alike, for that share price to go in the right direction.
More picture progress, is what im saying. As Vigil says, interest is killed, without adequate and consistent engagement.
September 20, 2013, 09:01:13 AM
ActM needs a steady stream of information release, especially for a startup. Waiting a month between updates has basically killed-off interest. There has to be something you can update everyone with. Every company will strategically do interviews just to say "Everything is going fine" "We expect...blah blah by blah blah". Two weeks is a long time in Bitcoin world. 3-4 weeks is like a year.
September 20, 2013, 08:54:02 AM
It is relevant in the speculation thread. This thread is for discussion of the company not the share price.
IOW: this thread is pretty much for people who are long in ActM, or are deciding whether or not they should be.
IOW: this thread is pretty much for people who are long in ActM, or are deciding whether or not they should be.
September 20, 2013, 08:51:24 AM
someone is dumping!!BF is 0.0008 per share, what is happening??
Speculation board please.
If crashing share price is not relevant, what is? What would you like to chat about now?
September 20, 2013, 08:09:19 AM
someone is dumping!!BF is 0.0008 per share, what is happening??
Speculation board please.
September 20, 2013, 08:07:28 AM
someone is dumping!!BF is 0.0008 per share, what is happening??
September 20, 2013, 06:53:40 AM
Are we dependent on sales revenue to cover the costs to start our own Mining? Or were those expenses (Asics, boards, servers, racks, cabling, staff, etc) all covered under the funds raised in IPO?
No, we have funds to increase our hash rate.
Quote
If so; are sales meeting your forecasts to permit those activities?
Sales are good, August was a 400% increase over July, and I expect September to be an increase over August.
Quote
Ultimately; short of the third party interruptions; are you on schedule?
Yes, we are moving in the right direction.
September 20, 2013, 06:33:18 AM
Are we dependent on sales revenue to cover the costs to start our own Mining? Or were those expenses (Asics, boards, servers, racks, cabling, staff, etc) all covered under the funds raised in IPO?
If so; are sales meeting your forecasts to permit those activities?
Ultimately; short of the third party interruptions; are you on schedule?
If so; are sales meeting your forecasts to permit those activities?
Ultimately; short of the third party interruptions; are you on schedule?
September 20, 2013, 06:09:30 AM
We can purchase 1 to any number of chips at a higher prices per chip.
Is there no other way to fund the bulk chips? If the chips are expensive, the units aren't profitable and mining isn't profitable.
Quote
The mining plan is to build our own chip (as you can not count on anyone else as we have seen with Avalon) and use that to mine with.
Once we have our own chip, we can order any number that we want.
Once we have our own chip, we can order any number that we want.
I was more asking about timing and planned capacity.
Don't get me wrong, the chips are good and a mining farm/chip sales are the way to go IMHO (as you know from our previous discussions). However, getting the chips manufactured in bulk isn't optional, it's a necessity - at least for shareholder dividends to be paid.
September 20, 2013, 02:13:03 AM
Thanks for the new thread. I see it as a very positive step in the right direction. Would it be an idea to encourage people to use the speculation thread once again to help keep this one free from clutter?
Just be quiet, or be moderated.
September 20, 2013, 01:54:37 AM
Thanks for the new thread. I see it as a very positive step in the right direction. Would it be an idea to encourage people to use the speculation thread once again to help keep this one free from clutter?
September 20, 2013, 01:25:52 AM
Has there been any talk about product offerings in the price range for the more novice miners?
Something between the USB miners and the Fast-Hash Silver edition. Feels like part of the market might be getting ignored with an entry point at a thousand dollars.
Just a thought.
I think the biggest issue would be power consumption. USB can provide about 5W and the chip is going to use around 16W for 16GH/s. Maybe it can be downclocked to meet that requirement, but then also we don't know the size of the chip. If it's possible then we should definitely delve into this market, though. If we had a ~5GH/s USB miner we would get all those orders instead of ASICMINER's block eruptors. Something between the USB miners and the Fast-Hash Silver edition. Feels like part of the market might be getting ignored with an entry point at a thousand dollars.
Just a thought.
Not just USB miners but the GPU type miners as well. I believe one reason mining originally became so popular was because people could use the computers they already had. People want a low cost ASIC solution to get in on the mining game. I've seen so many people buying dozens on USB miners to build their own rigs; it's not even a profitable solution, but their willing to pay because it's the only option out there.
September 20, 2013, 12:39:44 AM
Finally! Thank you for starting a new thread. 
September 20, 2013, 12:21:47 AM
Has there been any talk about product offerings in the price range for the more novice miners?
Something between the USB miners and the Fast-Hash Silver edition. Feels like part of the market might be getting ignored with an entry point at a thousand dollars.
Just a thought.
I think the biggest issue would be power consumption. USB can provide about 5W and the chip is going to use around 16W for 16GH/s. Maybe it can be downclocked to meet that requirement, but then also we don't know the size of the chip. If it's possible then we should definitely delve into this market, though. If we had a ~5GH/s USB miner we would get all those orders instead of ASICMINER's block eruptors. Something between the USB miners and the Fast-Hash Silver edition. Feels like part of the market might be getting ignored with an entry point at a thousand dollars.
Just a thought.
edit: Oh I misread what you said. Yes a form factor similar to a BFL Jalapeno with 2 chips might be good. It could be sold at a high markup and still get a lot of orders, because while we have a lot of competition in the high end machines there's not many offering smaller devices.
September 20, 2013, 12:01:39 AM
Has there been any talk about product offerings in the price range for the more novice miners?
Something between the USB miners and the Fast-Hash Silver edition. Feels like part of the market might be getting ignored with an entry point at a thousand dollars.
Just a thought.
Something between the USB miners and the Fast-Hash Silver edition. Feels like part of the market might be getting ignored with an entry point at a thousand dollars.
Just a thought.
September 19, 2013, 10:17:41 PM
"Our existing hardware assets from AMC liquidation
6 Avalon miners, currently running on BTC Guild under "Team AMC" for around 430 GH/s;
An order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s;
When will the Avalon chips from steamboat's batch #1 be available for mining?
6 Avalon miners, currently running on BTC Guild under "Team AMC" for around 430 GH/s;
An order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s;
When will the Avalon chips from steamboat's batch #1 be available for mining?
Soon we hope, they will be on the 68 Klondike boards.
What was the recently received refund for?
The refund was for 20,000 chips in two bulk orders.
Yeah so why he is talking about putting them on Klondike boards if they are no longer arriving..
The Klondikes and bulk chips are two separate things.
Quote
An order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s;
An order of 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s.
https://bitfunder.com/asset/ActiveMining
An order of 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s.
https://bitfunder.com/asset/ActiveMining
September 19, 2013, 09:47:37 PM
Thanks for the new thread Ken. It must have been moderately depressing wading through the old thread, and I have a feeling you were reading it, even though you weren't posting. Looking forward to good news, as always!
Jump to: