New Official Active Mining Discussion Thread

https://bitcointalk.org/index.php?topic=297503.0

ActiveMining F.A.Q.

What is ActiveMining?
ActiveMining is the natural evolution of two previous projects: Active Mining Cooperative (creating a bitcoin mining farm) and Virtual Mining Corporation (selling bitcoin mining hardware), that are now unified under the roof of ActiveMining. Both original contract proposals were quite complex, so we decided to rip them apart and start from scratch, using the same tried and tested model of Asicminer. This allows for a much needed flexibility that is key in the bitcoin world.

Where can I buy ActiveMining shares?
Currently, there is only one way to do that:

• You can buy ActiveMining shares directly from CryptStocks

What is the Virtual Mining Corporation (VMC)?
VMC is a subsidiary of ActiveMining that is in charge of building hardware. Think of it as a department of ActiveMining, with all its profits funneled into ActiveMining shareholders.

So, where can I see the current ActiveMining hashrate and mining profits?
Currently ActiveMining mines on BTC Guild at around ~700GH/s, as User 211435 and as Team AMC. Accumulated mining profits are stored in BTC address 1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa. Here's a graph of that.

What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.

• Chip samples delivered in 9 weeks;
• Low-volume chip production starting in 12 weeks, using an e-beam process;
• Normal volume chip production starting in 16-18 weeks.

Can you please provide some documents as proof of the existing claims?
Engineering Firm quote for the machines that will host the incoming Avalon chips: http://axs.net/AMC/SB-Prototype-Quote.jpg
eASIC chip NDA: http://axs.net/AMC/eAsic-NDA0001.jpg and http://axs.net/AMC/eAsic-NDA0002.jpg
eASIC Press Releases

Introduction
ActiveMining is a virtual identity totally owned by the Active Mining Corporation (Belize) that represents both itself and its profits. ActiveMining's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC).

Currently, it is expected for interested ActiveMining's public investors to hold 10,000,000 ActiveMining shares (40% of the profits), while Active Mining Corporation owner(s) shall hold 15,000,000 ActiveMining shares (60% of the profits), for a total of 25,000,000 ActiveMining virtual shares that represent 100% of the global profits of ActiveMining.

The issuing of more ActiveMining shares can be allowed in the future, as a last resort measure and after a shareholder's vote, provided there is strong economic justification, mainly on the basis of covering emergent capital needs. Existing shareholders also get the first choice for buying new shares before they are sold on the open market. The volume of new shares shall be kept at a minimum as much as possible and the pricing of them should be such that the total value of all ActiveMining's assets (tangible and intangible) per ActiveMining share does not diminish, protecting shareholders as much as possible from future dilution of value.

Public investor's protection plan
The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid.

How to buy shares
ActiveMining shares will be sold on BitFunder and BTCT.CO and any other exchange, following asset approval or tendered by AMC shares. Existing Active Mining Cooperative (AMC) shareholders will be entitled to tender their shares for ActiveMining shares, on a 1:1 basis and are also covered in the public investor's protection plan.

Dividend payment
The global ActiveMining's income, including mining income, hardware sales via bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, growth and miscellaneous expenses are deducted. The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ActiveMining shares, providing public investors a priority in getting back 100% return of their investment.

Our chips in development
Generation 1: Fast-Hash. 28nm. Each chip's rated frequency is 800 MHz at 1.15V. It translates to 16,000 MH/s because it does 20 hashes per cycle. Chip requires proper handling of heat and power supply. It is expected the chip can be overclocked to 1000 MHz @ 20,000 MH/s.
eASIC Press Release

"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;

AMC owns Virtual Mining Corporation (VMC) which is a manufacturer of Bitcoin Mining Machines:

Virtual Mining Website

VMC Website:

July Visitors:           10,135
August Visitors:       12,676
September Visitors: 26,894 9/19.      



VMC Sales:

2013 sales $6,311,788.33
                

Good idea!

Fast-Hash One You will be able to PRE-ORDER our 128 GH/s to 24.576 TH/s Bitcoin Miner Starting At $3,899

Now On Sales For $2,399.60.

Platinum: 256 GH/s Expandable To 24.576 TH/s
Gold: 128 GH/s Expandable To 12.288 TH/s
Zero Configuration - Plug and Play
4U Rack Mountable Case
High Quality Motherboard
Platinum Edition: ~1500 Watts Gold Power Supply
Gold Edition: ~750 Watts Gold Power Supply
Platinum Edition:1 to 6 256 GH/s Bitcoin Mining Modules
Gold Edition:1 to 6 128 GH/s Bitcoin Mining Modules
1 X 120mm High Speed Front Fan
4 80mm 2 Front 2 Rear Exhaust Fans
Auto Power Supply Fan
Power Supply Monitor Lights
Retainer For Full Height Modules
Base System 100 Watts
Mining Modules Gold: 100 Watts Platinum: 200 Watts
(Optional) 1 To 6 Expansion Cases
(Optional) Rack Mount Slides



Our Fast-Hash-One chip is being developed for VMC by

eASIC: http://www.easic.com

using there Fast ASIC Turn Around process

http://www.easic.com/high-speed-transceivers-low-cost-power-fpga-nre-asic-45nm-easic-nextreme-2/easic-nextreme-2-fast-turnaround-asics-manufacturing/

Bitfunder, BTC-TC Dividends Paid [0.00000150/share]

Yes, I will post any trades that I make within 48 hours in this thread.

It never will be; however, when they release their products on their website, then we can talk about them.

We will have to have reserves for building the Pre-Ordered machines, as well as charges for the engineering, paying for the chips from eASIC, etc before any profit will be made.  There are a lot of expenses in manufacturing a product, of which a lot of those have to be paid up front, i.e eASIC NRE, Engineers NRE, manufacturing overhead and fixed expenses of manufacturing the product.  These charges will have to be charged back to the product based on the expected production numbers.  Yes, I do expect to make a good profit for shareholders, but do understand that there are a lot of expenses.

eASIC's Nexteme-3 is not released, so we are still under NDA.  Only thing we can say about it, is what is in the Press Release.

We will be operating like a normal company, except we will have weekly dividends not quarterly dividends.  We will do the accounting for the previous month using normal accounting methods, if the accounting shows a profit, then we will declare a dividend allowing for some of the profit to be retained for growth per the description, this dividend then will be split over the number of weeks in the month that the dividend will be paid in.  AMC is paying the dividends, AMC is doing the mining, VMC is doing the manufacturing and of course is not making a profit at this point.  

I am working on hiring a PR firm.  Lot of things are going to be happening in the next few weeks and months.

In the above statement, I was speaking about myself, as I have purchase shares on the open market for myself, and  I am also [going to] purchase shares for my own account.  The first statement was in the past and the second statement was in the present all on the same account.

I only have one personal account on bitfunder which I use to trade in which I had before I started AMC/VMC.  I do have another account on bitfunder, but I have not made any trades for ActiveMining in that account.  When I said now above, I meant that I was in the process of purchasing shares, as you see from the listing of my account I had on 1.02 BTC which is from dividends.  I knew that I did not have very much in that account, so I was going to put some BTC into that account and purchase some shares.  I seen the post about not caring about the share price or having any shares and that is when I made that post.

We are working hard on doing that.  We have our Manufacturing computer up and running and inputting all the transactions at the same time we are working on sales, building prototypes, working with our engineers, setting up the warehouse, etc.

Yes, I have a board member working on hiring a PR guy.

Accepted.

Here is the proof.

No, those are the last trades I made.  I was getting ready to purchase some shares today.  I was getting ready to send over some BTC to WeExchange to make a purchase when I made that post.  Don't think I will now, but if I do I will post the trade here within the next 10 days.  The August trades are the last ones I have made, I have been way to busy the last few weeks.  Need to be working now.

On an Exchange which is registered in a country without any Security laws, from a company organized in Belize.