Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 69. (Read 771512 times)

Fresh topic started today in Scam Accusations.
Just because you're up on all of Ken's scammings doesn't mean that some n00b with coin to spare won't want to see this.

&lol @ your "one disgruntled customer" edit.  One customer disgruntled enough to report Ken to the Attorney General

This is the guy who got a full refund. Oh OK thanks for bringing that guy up again.
It's interesting that he could never get through to VMC on the phone for 'a month' but everyone else under the sun gets through no problem. mmmm

4Mill in orders and one disgruntled customer, that's good going by any standards!

So many pigeons...
AKA Another Happy Customer

lol  

I think you might be right Zumzero+funky, he'll go along with 'I'm an investor' (where did he come from??) and then when we get good news he'll shit all over it just as shares are going live!

This pigeon wants cheap shares. Cheap cheap cheep. Maybe he's really a budgie.

You can't play chess with a pigeon, as they will just knock over all the pieces, shit on the board and finally strut around like they won!

Ignore this f****r breadcrumbs.  He's an obvious troll and is taking people for a ride.  He's trying too hard and thinks he's got everyone.  Sure, why not call yourself crumbs and prove that you can still fool people into believing you are not one of the ActM regulars?  Does it make you feel good and prove that you are betterer than everyone else?  Don't answer.

*re-ignored*

They are just normal words, used pretty much in the correct context, but if that's your criticism so be it. If you don't like the realities of investing in business start-ups don't invest.

forward-looking profit analysis

Forward-looking
Yup! Know that that means. Seems to mean imagining something, like in the future. Sort of like speculation, or guessing.

Profit Analysis
Hmmmmm...... that's a hard one. Maybe that means, more guessing about something with a limited amount of data.
Like, drawing an elaborate curve from a very limited number of data points.


So by using some fancy words, you try to legitimize counting chickens before they hatch, when you have no fertile eggs either.


It is only 3:00 PM or so here in Washington, D.C. and the CEO's weekly report has not yet been published so we still have some time to wait to get that good news.

Do we have chips on the way or are we going to be told 3 months from now that the RTL/PCB design/etc was botched again?  I won't believe there's actually a product on the way until there's at least one shred of proof other than press releases at this point.

If by "delay" you mean "complete failure" and by "upgrade" you mean "downgrade," you're right on the money

You are now PROMISED a 55nm chip in the spring, instead of HAVING completed 28nm miners now.  If you feel that's an "upgrade," the rest of your thrashings on this forum begin to make sense.

Sure, it's called forward-looking profit analysis - or something like that. All start-ups with public offerings need to be examined along the same lines. You have not invested in an established company or project here. That's why there was an IPO. If you look at Friedcats's new project with anything other than 'chicken/hatch' eyes you'd be wrong because every new chip project is a new egg in this cutting-edge tech market.

A few facts go a long way - we have the funds to produce the chips we intend producing and we have two chips on the way with production assigned to two different global entities. The chances of success are very high. There is no known stumbling block in our way with the 55nm chip (already taped) and the 28nm is under the same design-team who have already produced a taped out ASIC.

The other fact is that we have had a delay with our 28nm ASIC. That's not unique in this industry. We have reacted to that delay by upgrading this 28nm to a full custom design creating a far more efficient ASIC. So to counter your saying I'll offer - one step back, two steps forward.

Wasubii,

You have hit the nail on the head.  Too many of the posts in this thread are really nothing more than counting chickens before they are hatched.

What is worse, is there are no eggs yet, even.

We have chicken coops built, two experts on domesticated fowl husbandry, but no eggs and no chickens.

And yet, those who speculate with pretty numbers think themselves not the FUDster and not the trolls.


Only Ken knows the truth and he is holding on to it tightly.

so by your standards for every new project everyone is on equal ground at any given point in time.  regardless of past successes or failures.  sounds like good solid thinking.

in my opinion friedcat doesnt care about the share price (his last time to care about the share price was probably the IPO).  he cares about delivering a good product and a lot of it.  yes he has missed his own dates and scrapped his own projects, but at the same time he was (and still is) delivering a product.  he projects to have the chips available for shipment March 2014 (BEFORE ActM's 55nm).  he has distribution channels.  he has established business relationships and STAFF.  you ask why he is looking for partners and customers months before the chip is ready.  for one, he isnt looking for customers cause they have been waiting for him for a while.  since you cant seem to see why this is worth it let me break it down.  he needs to know the approx demand so he can 1. adequately assess chip production needs 2. adequately assess chip pricing points 3. find out who his best channels for distribution will be in any/all regions so they dont have to waste time/deal with small orders.  These are just off the top of my head so I'm sure there are more.

WHY ARE WE TALKING ABOUT WHAT FRIEDCAT DID OR DIDNT DO OR CAN OR CANT DO?  WE NEED TO KNOW WHAT KEN CAN OR CANT DO.

call me a FUDster or naysayer all you want.  All I care about is a realistic approach to this company.  not some unsubstantiated numbers based on the hope that BTC will rise to $5000 and that there will be $40,000,000 of sales of a 55nm chip that is projected to be ready 2nd qtr 2014 and/or a 28nm chip in 3rd? qtr 2014.  we "need" Ken to post something along the lines of what friedcat posted.  we "need" Ken to find partners that will purchase his raw chips in bulk and handle everything else.  i think all the rational people that would post here dont because they have seen what the loud extreme sides post and see there is no hope trying to talk about anything of real substance that wouldnt be savaged by one or both extremes.


EDIT - added friedcat's projected delivery timeframe of the 40nm chip since Minerpart says ActM's chip is further ahead because tape-out is complete.

yada yada yada...

something about counting your chickens before they have hatched...

As difficult as it is to design and produce a chip, it is a logistic nightmare to manage the sales of millions of them. And yes, all indications are that this production line will run into many millions of chips produced. These chips will be distributed... everywhere.

It would be foolish for anyone to just discount the capability of AM. They have a long history of underpromising and overdelivering. The failure of Gen2 was the exception, and a very valuable learning experience, one that would have bankrupted anyone else. It appears likely that they will emerge even stronger for the experience.

That does not mean there is not a place for competitors. But they are best served by taking their blinders off and recognizing AM for what they really are, not for what they wish they would be.

Off topic I know, but for anyone who hasn't seen this yet, it's a must.

http://www.reddit.com/r/Bitcoin/comments/1wfty9/why_bitcoin_terrifies_big_banks_interview_with/

Normally, we would not respond to a detractor. Haters just gotta hate, you know?

But, this is why my three questions are the most important post on here today, and will remain so until the CEO of Active Mining gives his weekly PR statement:

A) All the posts of theoretical size and speed and power and cost of ASIC chips that do not exist are really pointless speculation.

B) Once the CEO of Active Mining answers Questions #2 and #3, then all of your silly speculation will be truly pointless, because we will have an answer to something which has been the cause of silly speculation like yours.

Accepting that would shatter my faith in humankind.  I refuse to believe that anything called "Homo Sapien Sapien" could be that stupid.

As far as socks go, here:

This is just getting ridiculous.  Next thing we know, people will be calling kleeck a sock puppet.  Just get over the fact that there are genuine investors here who believe in the company and are happy to challenge the fudsters and naysayers.  How many times do you need to be told that minerpart is resident in the United Kingdom?  Personally I welcome his contributions.  He uses logic and facts to support his arguments and goes to a great deal more effort than some of the more judgemental members of this forum.  Some of you need to ask yourself what you are actually contributing if your posts only comprise of disparaging remarks.

I totally agree that we should not be quoting the trolls especially if we, ourselves, have instructed people to do the same in the past.  So miner, try and bite your tongue there please.

In other news, who's as excited as me about today's update?  It might not be today but it is only a matter of time until we hear some amazing stuff, and with every weekly update we get, we edge that bitcoin closer to
D-Day!  

i will not argue friedcat seemingly made a lot of mistakes and that the company could/should be much further along than it is (but where would that leave the global hash rate at this time then - 20, 30, 40, 50PH?).  when I said Ken could do a lot worse than emulating friedcat i meant it.  and by worse, he really is doing/has been doing exactly that.  how some of these investors can act like Ken is the shit is mind boggling.  minerpart downplayed friedcat's ability to deliver his published specs and upplayed (i know it's not a word but it works) Ken's ability to deliver his published specs.  this is one of the reasons I would much rather read crumbs/ve/mainline/etc than those that seem to be able to bend space/time with just stating it is so.