Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 85. (Read 771280 times)

All of that I really don't care about - for two reasons:

1) Ken will make money from this project only after he had made 25-50 Million USD for shareholders - so I trust his judgement over money matters.

2) All of that info in  any other company would be confidential and commercially sensitive information. All of it, in any company.

These two things are facts. There are few facts about yes, but please recognise the facts that we do know.

Good work Vince, the mistake over $ and c is forgivable, they are not your native currency.

Now please read this:


NVIDIA CEO Jen-Hsun Huang publicly questioned the economic viability of the whole 20 nm node, saying that its cost per transistor might never drop below that of 28 nm.

The 20 nm node is arguably the most difficult ever attempted for production, and just a description of the technical challenges would justify a small book.

Cost is paramount. NVIDIA’s Huang may well have been right: with its greatly increased costs, 20 nm may always be more expensive than 28 nm for the same number of transistors.

For SoCs with significant amounts of non-scaling circuitry, such as RF or other analog transistors, monolithic passive components, or electrostatic discharge protection structures, the gap will be larger than for dense logic-only SoCs. Quite simply, for an SoC to migrate to 20 nm, there will have to be some benefit—integration, performance, energy efficiency, or IP access—not available at 28 nm. Otherwise there will be no way to justify the added cost.


The Fine-Print Take Away

The ability to spend transistors to buy performance is absolutely vital to 20 nm SoCs for one simple reason: at the block level, 20 nm chips will not be much faster than their 28 nm equivalents. This is not immediately obvious from the publicity. TSMC, for example, claims that their 20 nm technology “…can provide 30 percent higher speed…than its 28 nm technology.” That is not the doubling we used to expect between process generations, but it is not trivial. Yet to achieve that speed on an entire block, rather than on a few critical paths, might require lavish use of low-Vt transistors with very significant leakage current, raising the issue of local-heating problems. Even without the thermal issues, the design might never close timing across all the many process, voltage, and temperature corners that 20 nm presents. Some engineers have suggested that taking power and variations into consideration, blocks simply ported to 20 nm may gain no speed at all.

http://www.altera.co.uk/technology/system-design/articles/2012/20nm-systems-era.html


So Vince, if we do create a market leading 28nm custom chip, one that can also utilise Intellishash, can we expect to retain the market-leading status for some time? This article would suggest that do you agree?

OK so if 28nm is the cap for sometime (2years forseeably??) the factor we need to asses is the size of the 28nm ASIC tech market and what portion of it we can take in terms of:
Self-mining
Chip sales
Retail miner sales

Actually we don't know where the money is. How much did buying the 55nm IP cost? How much is it costing to upgrade the 28nm to a full custom (higher NRE cost ..?)? How much money is being refunded for preorders, and was the preorder money converted to BTC?

The financial reports have also been rather lacking as EskimoBob has pointed out several times.

Ken,

So, any update on getting shareholders verified and transferred?


I mean, it's only been: 95 days since transfers began https://bitcointalksearch.org/topic/m.3325554

59 days since the final transfers to AMC-tender (based on date given at https://bitcointalksearch.org/topic/m.3492434)

52 days since public listing at crypto-trade (Dec 5th)

And mind you, these are just the hard dates. You knew of BF issues before October 23 (https://bitcointalksearch.org/topic/m.3325554, or 106 days). You would have had to been in contact with Neotrix before Dec 5th to get listed at CT in the first place, etc., etc.


I'm not going to get involved in arguing the legalese of selling Ukyo's shares: I'm more concerned with what the fuck you're doing listing them for trade before getting your shareholder's shares back in their hands - those same shareholders who are the reason you have the chance to be doing multimillion dollar business with eASIC in the first place.


Thanks.

Shh shh shh,

If it all goes tits up and Ken vanishes to a yurt in Mongolia, we can sue the self appointed "Adult Supervision"  next for negligent parenting or something ...

ROFL!!

There is 54,000 USD in the dividend wallet - accounted for.
There was 106,000 USD stolen by Ukyo and now in theory tied up in his shares.
There are several Million dollars in company liquid assets - as stated in company financial release.

Now please FO. We are grown ups and we can look after ourselves.

Where are the products? Where is the hashing power?

Where is the money? How has the money been used?

Why do some of you act like white-hate trolls and feel the intense need to defend a company which has been so inconsistent.

It is true that IF Active Mining succeeds, some people will make a great deal of money.

You all should know that even if all the outstanding shares are added up, it is still less than the number of shares which Ken Slaughter and family are holding.

If Active Mining pays out the complete .0025 Bitcoin per share, he will personally benefit. That is not a complaint. It is the way Ken Slaughter SHOULD be running that part of his company.

Some of the so called cheerleaders, whom I prefer to call white-hat trolls, have some weird logic. None of them are big shareholders. None of them own over 100,000 shares.  Nothing any of them say will influence the CEO or will change the timetable for production or will improve or even lessen the stock price.

The facts remain, only Ken Slaughter's opinions and decisions matter. We here may be able to put some little pressure on him, but, as we have seen, what is said here really affects nothing. It should be the side show, but because of the lack of results on the part of Active Mining, it has become the Center Ring show.

There is more evidence to indicate that Active Mining will fail than there is that it will succeed. That is just based upon facts.

Some of you white-hat trolls are trying to dismiss comments made here by those who are more realistic by trying to say that the motivation is to lower the price or destroy the company.  I would like nothing more than for Active Mining to transfer all accounts and share to an active exchange, and for Active Mining to ramp up assembly of real miners and start mining on an industrial level.

But, for that to happen, Ken will have to do a better job of managing human resources. Why did it take him so long to hire a couple of competent engineers who were introduced to him by someone from this thread?

What has Ken been doing for the last 6 months?

Will the next 6 months like the previous 6 months?

We have been talking about this long enough. How about some accountability. How about a real deadline. How about, September 1.
If by September 1, 2014, if shares are NOT being traded on an exchange and if there is less than 10,000 gigahash mining for Active Mining, we finally hold Ken Slaughter accountable with both Belize and Missouri, USA, and US Federal authorities.  It is January 25th today. Is 8 months enough time for Ken and Active Mining to be on a profit making track?

The day eASIC come on here and say sorry Ken is lieing there is no 28nm custom chip.

or

The day UMC come on here and say sorry Ken is lieing there is no 55nm custom chip

then I will wake up.

Till then, you are the one who needs a reality check.

I do not think anyone is that scared of how poorly you have shepherded over $10M in other people's money and produced absolutely nothing other than some great tax losses (if you ever have income to offset them).

Q:  Please illustrate the learning process of an Active Miner.  Be specific.

A:  Observe:


Active Mining: Strength Through Ignorance!

Lol to Eduardo going into OVERDRIVE today.

That is a great sign for everyone. You can almost smell his desperation.

Right on cue, just as shares are about to be traded live again he pulls out all the stops. The timing is impeccable - could he possibly want cheap shares? mmmmmmm


OK about this point: sometimes the Trolls have a point.

Well what that means is sometimes a Troll states the obvious. They don't really make good points atall, they make obvious points.

Yes Ken's comms have been lacking - err we know
No we have no hard evidence of a miner - except the eASIC press release that's right
No we don't know what wages the staff are drawing - no we don't
No we don't have very detailed accounts - no we don't
etc
etc

Now personally I think the reason we are not hard on Ken on these areas  is because of the ever present pressure from the Trolls. They actually prevent a healthy discussion and strong questioning of Ken on here because everyone is always working on battling the lies and disruption from the Trolls.

Before the Trolls appeared on this thread we shareholders questioned Ken. We also battled with him over the original IPO - and it was changed significantly. We got a much better deal for the shareholders. MUCH much better. Ken redacted his original IPO to his own detriment. He put himself in the position where he now needs to make around 25-50Million dollars of profit for shareholders BEFORE he gets any money from the dividends.

So the point is we are more than capable of taking Ken to task without the Trolls. And we would do a much better job without their input. But while they are so active on here posting multiple times per page  we are distracted from doing so. Ken is also so fed up he has all but abandoned interacting on the thread. This means the Trolls are being very effective. You can't deny that. But they are effective at total disruption not at questioning Ken on the specifics that we all want to know.

...ploughs on with relentless determination of mindless zomblers...

http://f11project.files.wordpress.com/2012/10/au_zombie_0234.jpg

And so as the intensity of the trolling increases, so does their desperation as ActM ploughs on with relentless determination.  The trolls have months left in them but they will be brushed aside as ActM picks up momentum and starts to deliver on the promise of making its shareholders successful.

Consider this;  If ActM becomes an enormous success then those who hold shares will make fantastic profit.  Those who hold many shares will become very wealthy, and those whales out there could become among the wealthiest people on the planet provided they hold their bitcoins long enough.  It is an absolute certainty that people who sell their shares are denying themselves this opportunity with ActM. Make no mistake, if you are one of these people your shares and therefore your opportunity will be passed on to some of the trolls who seek to undermine your confidence and destroy your belief in ActM.


The greatest threat here is not from the trolls but from people's resolve.

The goal here by certain parties is clearly either A) to prep weak hands or B) to disparage the company in favor of the one they work/shill for. That is it.

 

What has Ken Slaughter been doing for the last six months?
Why are there no chips and working mining rigs already functioning?
What has Ken Slaughter done with the money, both US dollars and Bitcoin which he has accumulated from the sale of stock shares.

Has Ken Slaughter and family been using Active Mining moneys for daily living expenses?
What salary has Ken Slaughter and family been taking from Active Mining funds?

Because the CEO of Active Mining does not provide hard data, we, his many shareholders, have no idea what is actually happening with the company which we ostensibly own.

At some point, something will happen which will limit all this.
That is either production of mining hardware,
or running out of money
or discovering that it is impossible given the remaining funds and resources to produce working hardware

If Active Mining runs out of money, its CEO will probably panic. He will need to pay his expenses and so he will try to find another Bitcoin or technology company. That will involve another attempt at getting money from others.

If Active Mining runs out of money, its CEO will probably panic, will have nightmares of shareholders coming after him, of the SEC coming after him, of his reputation being tarnished forever on the Internet, and of a host of angry individual who seek justice, both financial and emotional.

The CEO will suppose that having been incorporated in Belize will somehow protect him, but the bottom line will be that all the money will be lost.

Another possibility will be that hardware will be produced but with too little hashing power to be profitable. That would not be such a bad eventuality since at least it would show that Ken Slaughter had completed and accomplished something. In addition, someone would buy the hardware and there would be some mining. Some of the .0025 could be paid out, and at least it would show some serious effort of the part of the CEO. After all, in a hard engineering class, getting a grade of B is better than getting an F, even if it is not an A.

What does this all mean?

The real issues are constantly being neglected.

The real issue is accountability. The company is registered in Belize, there is no SEC guidance.

Everything has been done to avoid legal oversight.

There is no board of directors which remove the CEO and make him CTO and install someone with better communications, management and negotiation skills.

Ken might finally succeed. Success means only one thing. Success means all Len Slaughter's promises have been fulfilled.
Those promises are:
 The full .0025 per share has been paid out
 Active Mining is mining bitcoin on its own hardware
 Active Mining has completed shipping of product (and product means mining hardware and not anything else) to all those who have preordered mining hardware.

What will happen if Active Mining does not complete all of those promises?
What will happen if Active Mining never transfers shares to an active trading exchange?
What will happen if Active Mining does not pay out the full .0025?
What will happen if no Bitcoin mining hardware is ever completed and set to fully function?

Absolutely nothing. There is no board of directors which can fire the CEO for his failure.
There will be many disgruntled shareholders who will either not have the organization, will or funds to seek civil lawsuits.

The real trolls are those chearleaders who post complex mathematical analysis whose fundamental givens are all speculative anyway.

The real questions important for the eventual success of Active Mining have not yet been answered.

This kind of broken logic is exactly what attracts the trolls.

To state the obvious, you have "invested" in a sideshow.  The "investors" are also the stars, making this thread the most reliable source of mirth on this forum.
Your problem is the failure to properly monetize your offering.   You have mistakenly concluded that Active Mining makes chips, while its greatest (and only) product is comedy.

Forget about selling ASICs.  Sell tickets.

The point is Active Mining does not meet this crucial criterion.
Active mining does not manufacture 28nm chips.
Other companies do, Active Mining does not.
Active mining doesn't manufacture *anything*, unless you count broken promises as its products.