Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 507. (Read 771288 times)

It is sad to see what Yifu has done to the DIY community. BKKcoins is MIA, and so far, no one has been able to get the K16 working using all 16 chips.

Link to Steamboats update for our batch 1 Klondikes

https://bitcointalksearch.org/topic/m.3184148

We can purchase 1 to any number of chips at a higher prices per chip.

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.

Yeah so why he is talking about putting them on Klondike boards if they are no longer arriving..

The refund was for 20,000 chips in two bulk orders.

What was the recently received refund for?

Please clearly address this.

Thanks.

im very happy we started a new thread

Like ffssixtynine said, that spreadsheet is very out of date now (it was made in July) and I haven't updated it anymore.

Just a note to say that vbs' spreadsheet is very out of date. The hardware profits (not revenues) are unlikely to come anywhere close (given profits pre price cut). Things have changed too much.

Ken, what's the mining plan?

And I know you can't discuss batch sizes, but what is the plan if the minimum workable batch size isn't met from sales?

I now understand why self-moderated threads work thanks for that thought experiment and hello to the new thread

kleeck questions:
-----------------------------------

I just sent Ken a detailed message regarding information for the coming phases. See below. I'll post the reply if he sends me anything.

Ken,

I've made my rounds with a few of the larger holders I've come to know in the ActM community and I've come across a few of the same questions/concerns over and over. I thought I'd just write you, as they all seemed to think it fruitless to even inquire. I'm not asking for a direct answer here necessarily, though if you do give me one I will immediately post it to the forums, but these questions would be good to publicly answer.

1. Is there a certain amount of money that MUST be made in sales in order for ActM to move on to assembling devices? There have been rumors that two million is needed to move forward according to plan. Is this the case?

2. Given that we have missed out on early profits due to poor pricing, and that those profits have been taken by competitors, do you have any plans to get ActM caught up to the pack? ~$90K is a terribly small number of sales in the face of $17M between CoinTerra and Hashfast (http://thegenesisblock.com/cointerra-and-hashfast-sell-17m-of-bitcoin-miners-open-second-batch-sales/). Could you address this?

3. Now that the eASIC deal is behind us, could you outline the plan moving forward for assembling the miners? What is your process? How many staff will you have on hand? Where will this be done (I know you've mentioned "the warehouse" in the past, is that it?)

4. Further, could discuss how ActM is going to set itself apart when it comes to shipping devices? Shipping reliability is critical, as you know, and it would be a confidence booster to hear a thoughtful process has been devised.

As you can see, there is a lot of unknowns, even among some of your biggest shareholders. We would like all the dots connected, and to see the plan that you have come up with laid our in a clear way for us. Is there anything you can do to relay what you have in store for these coming phases?

Thanks for your time,
Kleeck

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Ken's answers:

1-
This is under the NDA.

2-
Yes, we are working to get caught up to the pack.  Both CoinTerra and HashFast were is stealth mode and where somewhat ahead of us on their development of their 28nm technology.

Now the ~90K is not revenue, but sales profit.  Our revenue was ~$330,000.  CoinTerra and HashFast post revenue figures, our revenue  figure is a lot higher like theirs; however, how much profit did they really get?

3-
Yes, we have ~2,600 square feet of space which we are turning into a manufacturing site.  This site will be used to assemble the final product.  The number of staff will depend on our sales from now until we start assembling the units.  The more sales the more staff we will need to assemble more units to meet the demand.

4-
Shipping reliability is critical under the current system of mining, that may change in the future. We are working to be competitive  in the market place with shipping. stay tuned for more developments.

We are in the the chip and PCIe board design phase now.  We are also working on increasing sales, as you know we have just announced the easic deal which has given us a lot of respectability.  We have just been added to the "theGenesisBlock" mining calculator.  This has caused us to start receiving a lot of traffic to our website from links like this.

Ken

Source: https://bitcointalksearch.org/topic/m.3178763

Soon we hope, they will be on the 68 Klondike boards.

Thank you very much for this!

It was really painful trying to keep up with the old topic...

Please confirm: 9, 12, 16-18 weeks from now or do you refer to an earlier date, for example when the eASIC deal was signed?

I'd also like to know more details about what is going to happen after the chips have been received and an estimated timeframe for the process of turning chips into a final product.

I'm willing to delete this post on my own. Please tell me, if you'd like me to do that.

Thanks.

"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?

Are there any AMC shares existing now?

Finally, we won't have to read through a bunch of garbage to get to relevant information and announcements.

Wasn't this already covered?