Based on Ken's update from 30th November:
PROGRESS REPORT
As of November 30th 2013
...
Shipping:
We have this last week shipped our first products to customers.
Based on Ken's last update, ActM are months behind schedule for having working miners and by the time ActM do have miners they're going to be useless:
Weekly Update: 1/8/13
Question From VinceSamios:
Update Requests:
When and Where will we be able to trade shares?
Crypto-Trade and ChromaWallet (colored Coins). As soon as we get time to finish the
verification interface; however, our core business comes first and working on Intellihash.
When is the first batch of chips/boards supposed to arrive at VMC Assembly?
Our engineers are still designing our board. We had to change our engineering firm, and
learn a few lessons about hiring an engineer firm. We don't have a date at this time.
What do you estimate the ActM hashrate be at the end of January, February and March?
Due to our inexperience with design, we have had a few set backs; however, we have hired
the most competent RTL design team to make sure that when we spin up our chip it will work. They are
very competent at Low-Power and getting the most speed from the chip.
Do you have any more accurate energy efficiency figures yet? w/GH?
Not at this time.
Comment From The CEOHow I see us going forward is we will get our chip and boards into production as soon as possible. Active Mining is in one of the best positions to take advantage of the Bitcoin network. Once we have our chips and boards in production this year we will be one of only two companies in the world which manufactures Bitcoin mining hardware and also mines. With this combination we have unlimited availability to bitcoin mining hardware only limited by our resources. What I see in the future is bitcoin's exchange rate for USD going to over $10,000 in the next year. If this happens Active Mining with its own chip, our current resources which will be increasing with the exchange rate, and eASIC as our partner will put us in an excellent position to dominate our market. Intellihash will just be an added boost should it turn out to be a game changer.
Kenneth E. Slaughter, CEO/CTO
Forward Looking Statements:This press release contains forward-looking statements, including, without limitation, statements related to VMC’s future sales and the value of bitcoin and future hashing rates. Words such as "expects" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon VMC’s current expectations. Forward-looking statements involve risks and uncertainties. The company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, economic conditions, customer business environment and inventory levels, government and technological factors outside of our control, adoption and roll-out of products, risks related to ability to capitalize on growth opportunities and markets, risks related to our ability to manage our growth and other risks that may cause our business, industry, strategy or actual results to differ materially from the forward-looking statements. VMC expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.
Active Mining PR-Staff
