Yes, I have been working on it for awhile; however, the trip to the west coast to get the 55nm chip, working with eASIC to change to a custom 28nm chip, getting us on the February run at UMC so that we could have chips in mid april has been my priority this month.   

Yes, I will be working on this the next few days.  I don't see to many problems getting it running ASAP.

We can't send emails to shareholders as we don't have all shareholders emails from Bitfunder.  We will make an announcement and shareholders will enter their email address in the verification program.  See my previous post on the procedure. 

There is no need to PM me your information, the verification program on the server is where you will need to enter your information, this way the program can verify your shares.  After the program verifies your shares, we will send a list of verified shareholders to CT, where they will create the account if not already created and add the verified number of shares to the account.

At this point we expect to have 24 55nm chips per PCIe board.  The engineers are working on the design and helping with the sourcing.  We expect to have the boards available when the first chips arrive in April.

@PurpleTentacle I think all of Bitfunder transaction where on Central time.  PM me your bitfunder username, transaction time and number of shares from your records and I will look it up in our transaction records to see if they match.  If you have more that one transfer just send one.

I will never redirect any profits away from Active Mining shareholders for any reason.  I want all of my shareholders that have backed Active Mining to reap the benefits of their investment.

Your shares will be transferred after the AMC-TENDER shares are transferred.

The date and time in your Bitfunder transfer log.

We are still going to be making that gear; however, I will be changing the available dates on the 28nm products today or tomorrow.

As soon as I get the verification program up on the server, then as investors get verified we will start sending the list over to CT to create the accounts which will include the shares.  So, once the accounts are created then trading will start.

Thanks, I meant to mention that if you made more that one transfer to AMC-TENDER, each will have to be verified.

Yes, everything is coming together.  Our project manager is keeping everyone working together and the project moving forward.

Sure, you will need the email address you want to use on CT, if you have an account already the shares will just be added to that account, if you don't then an account on that email will be created and the shares added to that account.  Next you will need the date and time of your transfer to AMC-TENDER and the Number of shares tendered.  To be verified the data must match our transfer records from bitfunder.

Yes, I just have to set it up on the server.

Update on trading and wafers:

It is going to be a few more days before, I can get the verifying program uploaded to the server.

I have been busy getting on the February UMC production run for our 55nm chip.

We are going to get 6 Wafer in the middle of April with about 1 week to package the chips.  Based on our estimated yield of 6,800 chips per wafer this give us 40,800 chips for a total hash rate of  77.52 TH/s.  Next we are going to receive 19 wafers by the end of April for a total of 245.48 TH/s, giving us 323 TH/s.  In May we will be able to get all of the wafers we want to run.

We will start the process of verifying the shares tomorrow.

Weekly Update 1/29/14


We now have a team of engineers and a project manager working with eASIC and our other vendors to get this project completed as soon as posible.  We are expecting to add 1 to 2 Petahashs of mining in Q2.



No


We have changed the 28nm to a full custom to be more competitive.  We now have a full team, engineer and project manager working on pushing the 28nm project as fast as we can.


We will have the board ready when we have the 55nm chips, the design will be used on the 28nm chips also.


We shipped some accessories products to India.


No, the timeline was not too optimistic and there was not a catastrophic failure.  In September with bitcoins @ 140, with competition with 400 GH/s and 500 GH/s chips our machines would not ROI, so a decision was made that we would have to refund all of our pre-orders, so we did not commit a lot of our funds to building boards, we was also trying to get enough pre-orders to make our minimum lot with eASIC.


We now have a competed design, so we are not in the design phase now.  Finding the right engineers, transferring shares from BTC-TC, legal problems with the Bitfunder shutdown, making sure that when we spun up our chip it would work, fighting all the FUD on bitcointalk, etc.


We have the funds to refund 100% of our pre-orders.


Pre-Orders in fiat are keep in fiat at the moment.


No,  


CEX.IO


December


Yes, we expect the 55nm chips in Q2, 28nm in Q3.  Our RTL is complete.


No, but due to competitive reasons we had to move to a full custom 28nm


No, Intellihash did require some code to be added, but there were other reasons also that required some code to be written.


We no long release the name of our vendors, due to some investors and customers bugging them.  We hired them in December and it took a couple of weeks.  We had to learn some lessons from the first engineers we hired.


No, that would be under NDA with eASIC and NDA with the engineers.




ActiveMining-PR Staff

The trolls are scared of what Active Mining will be able to achieve.

You left out one very important detail above.  You received a 100% refund of your money.