kslaughter web site is impressive looking and i will definitely be watching this space, as we are a Aussie Mining Group looking for the right (we love avalon, but a whole lot chips to buy, then assemble is abit much for us at the moment) Can you go into details of your delivery Plan, timeframe, did you put the specs into www.easic.com ? do the funds from ActiveMiner help fund the business? 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). |
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Looks like we're going to start seeing AMC everywhere
Auction ended. Final result:
Slots BTC/Slot Person
1 8.75 digitalmagus
6 8.25 kslaughter
Btw Ken have you considered a reddit advert?
I'm not too sure how great they are in terms of impressions - sales but I know there is an active Bitcoin following there too
I think the amount of slots ken bought is a bit of a waste. With just 2 or 3 slots everyone on the forum would see something about ActiveMining. Reddit advertising is a good idea. The ads there target it to specific subreddits and I don't think it would cost that much to advertise on r/bitcoin and r/bitcoinmining. I typically block most ads, but I have found a few interesting things from the ones r/bitcoin. Each of the 6 Ads has a different message. |
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Maybe you should ask KnC not to lie to their customers:
Is it 4 chips or is it 48 chips that makes their 400 GH/s?
Old News https://www.kncminer.com/news/news-1048 Chips (which are being designed exclusively for KnCMiner by ORSoC).
New News https://www.kncminer.com/news/news-22This means that we can achieve a minimum of 100GH/s per chip. Which we think most people will agree, puts us far ahead of our current competitors.
Specs changing over time isn't a "lie". Maybe you should apologize for falsely claiming to have the world's fastest bitcoin chip. Maybe we should wait to see who gets to market first, they don't have it and we don't have it. I am not so sure, that they will get that huge chip to market in the time frame they have announced. |
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ActiveMining: Reaches Its Goal to Fund The NRE to Create the Worlds Fastest Bitcoin Mining Chip SPRINGFIELD, MO, - July 19, 2013 - Active Mining (AM) and Virtual Mining Corporation (VMC) are announcing today that they have reached their funding goal to provide funds for the NRE required by eASIC. VMC is in the process of creating the "World's Fastest Bitcoin Mining Chip" the Fast-Hash-One 28nm 16 GH/s chip. The Fast-Hash-One machines starts at 256 GH/s with a retail price of $3,999 or $15.62 per GH/s also making it the price leader in the market place. The Fast-Hash-One series of bitcoin mining machines are "The Gold Standard Of Bitcoin Mining Machines" Plese don't lie to your customers... Maybe you should ask KnC not to lie to their customers: From their web site: This device is being designed in parallel by the OrSoC engineers. It will offer industry leading performance and power consumption per GH. The final specifications for this device are being ironed out now but we can confirm the following:
Minimum 250GH/s per device
7000-8000 USD predicted price
48 Chips (which are being designed exclusively for KnCMiner by ORSoC).
An additional gain of 30% more hashing when the advanced algorithms provided by ORSoC are applied.
Water cooled setup.
Modular Design allowing for expansion at a later date.
Embedded Linux device to allow for standalone mining.
Shipment begins in early autumn.
TSMC says its supply of 28nm chips continues to be low http://www.phonearena.com/news/TSMC-says-its-supply-of-28nm-chips-continues-to-be-low_id40077Highly doubt you can producing them in large quantity..... or just impossible , go to look the news . You can't producing them...no matter how superior is your RTL code, production capability is the key reason determining you can't do it. What makes you think we will be using TSMC? This just a typical information , that 28NM standards production line all over the world is exceeding its supply;(Demand is huge)...from any aspect , you think you can convince them to rejecting large companies' offers, instead to producing your small quantity of order? Check out this article about the company that is making our chip eAsic which mentions major OEM customers i.e Seagate. Nothing indicated eAsic has the infrastructure to producing 28nm standard chips,and if you look at its own product eAsic is using 40nm for its ASIC simulator. I think this company is a simulator producer,not a 28nm manufacture. Can you provides more useful information,thanks , What they are is a Fab less Semiconductor company that has produced chips for Seagate |
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ActiveMining: Reaches Its Goal to Fund The NRE to Create the Worlds Fastest Bitcoin Mining Chip SPRINGFIELD, MO, - July 19, 2013 - Active Mining (AM) and Virtual Mining Corporation (VMC) are announcing today that they have reached their funding goal to provide funds for the NRE required by eASIC. VMC is in the process of creating the "World's Fastest Bitcoin Mining Chip" the Fast-Hash-One 28nm 16 GH/s chip. The Fast-Hash-One machines starts at 256 GH/s with a retail price of $3,999 or $15.62 per GH/s also making it the price leader in the market place. The Fast-Hash-One series of bitcoin mining machines are "The Gold Standard Of Bitcoin Mining Machines" Plese don't lie to your customers... Maybe you should ask KnC not to lie to their customers: From their web site: This device is being designed in parallel by the OrSoC engineers. It will offer industry leading performance and power consumption per GH. The final specifications for this device are being ironed out now but we can confirm the following:
Minimum 250GH/s per device
7000-8000 USD predicted price
48 Chips (which are being designed exclusively for KnCMiner by ORSoC).
An additional gain of 30% more hashing when the advanced algorithms provided by ORSoC are applied.
Water cooled setup.
Modular Design allowing for expansion at a later date.
Embedded Linux device to allow for standalone mining.
Shipment begins in early autumn.
TSMC says its supply of 28nm chips continues to be low http://www.phonearena.com/news/TSMC-says-its-supply-of-28nm-chips-continues-to-be-low_id40077Highly doubt you can producing them in large quantity..... or just impossible , go to look the news . You can't producing them...no matter how superior is your RTL code, production capability is the key reason determining you can't do it. What makes you think we will be using TSMC? This just a typical information , that 28NM standards production line all over the world is exceeding its supply;(Demand is huge)...from any aspect , you think you can convince them to rejecting large companies' offers, instead to producing your small quantity of order? Check out this article about the company that is making our chip eAsic which mentions major OEM customers i.e Seagate. |
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Last issue 1000,000
Don't you know that we are trading Active Mining shares for AMC shares. I have to issue those shares to be able to trade for AMC shares. |
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I, for one, am very glad there will be more shares issued at 0.0025. One last chance to expand my stake at a low price before the price skyrockets in the months to come as the avalon chips are deployed, the eASIC NRE is paid in full, and the FAST-HASH-ONE series comes online.
Watch out Springfield, MO we will own your underground in 2014to be renamed "The ActiveMining PetaHash Bunker"
I like the way you think!  |
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ActiveMining: Reaches Its Goal to Fund The NRE to Create the Worlds Fastest Bitcoin Mining Chip SPRINGFIELD, MO, - July 19, 2013 - Active Mining (AM) and Virtual Mining Corporation (VMC) are announcing today that they have reached their funding goal to provide funds for the NRE required by eASIC. VMC is in the process of creating the "World's Fastest Bitcoin Mining Chip" the Fast-Hash-One 28nm 16 GH/s chip. The Fast-Hash-One machines starts at 256 GH/s with a retail price of $3,999 or $15.62 per GH/s also making it the price leader in the market place. The Fast-Hash-One series of bitcoin mining machines are "The Gold Standard Of Bitcoin Mining Machines" Plese don't lie to your customers... Maybe you should ask KnC not to lie to their customers: From their web site: This device is being designed in parallel by the OrSoC engineers. It will offer industry leading performance and power consumption per GH. The final specifications for this device are being ironed out now but we can confirm the following:
Minimum 250GH/s per device
7000-8000 USD predicted price
48 Chips (which are being designed exclusively for KnCMiner by ORSoC).
An additional gain of 30% more hashing when the advanced algorithms provided by ORSoC are applied.
Water cooled setup.
Modular Design allowing for expansion at a later date.
Embedded Linux device to allow for standalone mining.
Shipment begins in early autumn.
TSMC says its supply of 28nm chips continues to be low http://www.phonearena.com/news/TSMC-says-its-supply-of-28nm-chips-continues-to-be-low_id40077Highly doubt you can producing them in large quantity..... or just impossible , go to look the news . You can't producing them...no matter how superior is your RTL code, production capability is the key reason determining you can't do it. What makes you think we will be using TSMC? |
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ActiveMining: Reaches Its Goal to Fund The NRE to Create the Worlds Fastest Bitcoin Mining Chip SPRINGFIELD, MO, - July 19, 2013 - Active Mining (AM) and Virtual Mining Corporation (VMC) are announcing today that they have reached their funding goal to provide funds for the NRE required by eASIC. VMC is in the process of creating the "World's Fastest Bitcoin Mining Chip" the Fast-Hash-One 28nm 16 GH/s chip. The Fast-Hash-One machines starts at 256 GH/s with a retail price of $3,999 or $15.62 per GH/s also making it the price leader in the market place. The Fast-Hash-One series of bitcoin mining machines are "The Gold Standard Of Bitcoin Mining Machines" Plese don't lie to your customers... Maybe you should ask KnC not to lie to their customers: Is it 4 chips or is it 48 chips that makes their 400 GH/s? From their web site:
48 Chips (which are being designed exclusively for KnCMiner by ORSoC).
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I heard that VMC had tested its chips? however, can you please upload some picture of the psychical chip and the screenshot of your test result and the snapshot of the laboratory which you used to testing and developing your chip.
Thank You ,if you can provides these pictures~~~
We have had our RTL code tested for feasibility to run on eASIC's chip. The RTL code was found to be feasible and from the results we have an estimate of the speed of 16 GH/s and power of less than 12 watts per chip. So, if this code was simulated in computer, can you please upload a screenshot? I do not have a screenshot at this time. Can you possibly get those screenshots uploaded within short time? otherwise, how can you make us believe that your result is real? Sure, as soon as I get something I can post. Some of what we are doing is still under an NDA, so that limits what I can say or post. In the next few weeks we will be moving forward with this project as we now have the funds to pay the NRE to eAsic. Sure ,it will be great to see anything news from you. I remember that you are building chips based on 28NM standard, Did you found anyone to producing them? Yes, we will have 28nm chips in a 12 week time frame after we approve our RTL code. |
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I heard that VMC had tested its chips? however, can you please upload some picture of the psychical chip and the screenshot of your test result and the snapshot of the laboratory which you used to testing and developing your chip.
Thank You ,if you can provides these pictures~~~
We have had our RTL code tested for feasibility to run on eASIC's chip. The RTL code was found to be feasible and from the results we have an estimate of the speed of 16 GH/s and power of less than 12 watts per chip. So, if this code was simulated in computer, can you please upload a screenshot? I do not have a screenshot at this time. Can you possibly get those screenshots uploaded within short time? otherwise, how can you make us believe that your result is real? Sure, as soon as I get something I can post. Some of what we are doing is still under an NDA, so that limits what I can say or post. In the next few weeks we will be moving forward with this project as we now have the funds to pay the NRE to eAsic. |
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I heard that VMC had tested its chips? however, can you please upload some picture of the psychical chip and the screenshot of your test result and the snapshot of the laboratory which you used to testing and developing your chip.
Thank You ,if you can provides these pictures~~~
We have had our RTL code tested for feasibility to run on eASIC's chip. The RTL code was found to be feasible and from the results we have an estimate of the speed of 16 GH/s and power of less than 12 watts per chip. So, if this code was simulated in computer, can you please upload a screenshot? I do not have a screenshot at this time. |
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I heard that VMC had tested its chips? however, can you please upload some picture of the psychical chip and the screenshot of your test result and the snapshot of the laboratory which you used to testing and developing your chip.
Thank You ,if you can provides these pictures~~~
We have had our RTL code tested for feasibility to run on eASIC's chip. The RTL code was found to be feasible and from the results we have an estimate of the speed of 16 GH/s and power of less than 12 watts per chip. |
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lolstate is correct, and this is exactly what I was eluding to:
either ActiveMining is a scam OR ActiveMining is a real company with real people
if ActiveMining is a scam, then that would - all hypothetically speaking - make ken a con man, and anything he says would be to instill confidence to perpetuate this, so there is really nothing he could say to rationalize the unknown expenses
if ActiveMining is a real company trying to do real things, then it is being run with poor judgement, which is equally a red flag
and this is all compounded by the fact that the poor judgement isn't new: over the last however many pages of this thread, we have worked out the problems with the original structure of this venture ( 3 entities in agreements and various levels of ownership with each other)
and now it is apparent we need to work out some issues with ActiveMining's charter to allow shareholders to vote on more things before they happen
This isn't FUD (fear uncertainty and doubt), this is a reflection on "wtf were you thinking when you originally structured this venture" and just when that is fixed its now "wtf are you doing with these ask walls"
I would be happy to put a board together as soon as we get over the next few months. I would suggest a 7 member board. That is a great offer, Ken. As of the last few days things are progressing really well, don't let the negative ninnies here make you think otherwise. I'm not thinking otherwise. |
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ffssixtynine has said about all I want to say, but I'd like to emphasize that you released 50,000 shares earlier today at .0028, and I bought a significant portion of them. To go back and release more shares at .0025 is frankly ridiculous. This day should of been a celebration of the complete funding of NRE, but you have completely screwed it up.
Yes, I guess I have; however, I will try very hard to make it up to you and everyone else. Let's see if I can do that is the next few weeks. |
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I play online poker and there have been much more drawn out and much more elaborate scams when big amounts of money are at play. While your rationale is logical there's not much weight to it in this case as there is $1M+ at play. In the end only time will tell how AMC will pan out so we're all just speculating as to whether this is legit or not or if it will succeed.
Why even entertain such nonsense? The more you focus on negative outcomes, as so many people have seemed to flip to in here today, the more momentum you give the negative outcome. Because it's a well known confidence trick - the long con - and this is a wonderful area and time to pull it off. Ken could walk away with a million bucks. That's a pretty good haul! If you aren't keeping it in mind then frankly you shouldn't be investing. There is a real chance this could be a con, although I sincerely hope not! Asicminer could have been too. It wasn't  Others have been. If I was playing the long con, I'd have done what ken did today (possibly bigger). That's why it looks bad from that point of view. Any negatives today have come from an ipo mistake, not from people stirring. I do find it funny that some people can be so blinkered one way or the other. I'm not for or against anything. This is a high risk investment and I'll do the necessary to mitigate my risks. That's what all the investors should be doing. And if you didn't invest, don't post here unless you are considering it. If you invested, get those blinkers off. Whether you know it or not, you need these answers. It's your money given to some random dude on the Internet who doesn't have an unblemished record. Mitigate your risks by knowing the facts, and if they aren't forthcoming then you know something is wrong. VE: I've not checked in the last hour or so but I think ken has done what he said. I guess I could do that, but I am not going to, because what I want is for this to be successful, and walking away with the bucks would not make me feel like I was successful. It would make me feel the opposite. My main driving ambition is for this company to be very successful, not the money I will make from it; however, we do keep score by the amount of money the company makes and everyone else. I am working very hard to make it successful. I could have taken the easy route and plugged in the Avalon's and made ~$1,000 dollars a day and had plenty of money. No, I decided to use my years of experience in business (I have been in business since I was 18) to create a company if we are lucky that could be the "World Leader In Manufacturing Bitcoin Machines And Mining Of Bitcoins". I am not looking for a lots of money, I am looking to be successful, to make my customers successful, and to make my investors successful that is my driving goal. "If you make your customers successful, then you will be successful". Kenneth E. Slaughter, CEO/CTO Active Mining Corporation |
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lolstate is correct, and this is exactly what I was eluding to:
either ActiveMining is a scam OR ActiveMining is a real company with real people
if ActiveMining is a scam, then that would - all hypothetically speaking - make ken a con man, and anything he says would be to instill confidence to perpetuate this, so there is really nothing he could say to rationalize the unknown expenses
if ActiveMining is a real company trying to do real things, then it is being run with poor judgement, which is equally a red flag
and this is all compounded by the fact that the poor judgement isn't new: over the last however many pages of this thread, we have worked out the problems with the original structure of this venture ( 3 entities in agreements and various levels of ownership with each other)
and now it is apparent we need to work out some issues with ActiveMining's charter to allow shareholders to vote on more things before they happen
This isn't FUD (fear uncertainty and doubt), this is a reflection on "wtf were you thinking when you originally structured this venture" and just when that is fixed its now "wtf are you doing with these ask walls"
I would be happy to put a board together as soon as we get over the next few months. I would suggest a 7 member board. |
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Bash all you want in this thread. Mine is for discussing the merits of our products.
You do not have any products and will not have them ever. @ everyone else AMC / VMC is a scam, do not fall for it! Inspector Megamouth strikes again! lol It's more like "Idiot Shill strikes again!" Hey, investment genius, did you ever get that 91btc back? https://bitcointalk.org/index.php?topic=213968.msg2405445#msg2405445LOL You believed that? You sir are a certified moron. Relax though I'm about to break out some reality. Picture this, my 97,000 Shares of AMC purchased at 0.0017 now going for .0026. The NRE is paid for an VMC ASICs are in production. I'll buy you a new helmet so you stop banging your head on the floor. No, we all knew you were full of shit. That's the subtle point that just went flying over your head, nimrod. Once a bullshitter, always a bullshitter. The more people that know that, the better. Keep talking about VMC good or bad! |
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In their specifications (which I have stored on my computer somewhere) their chip is listed at 10 GH/s, that is what I used to compare our chip to their chip. |
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I have no reason to lie. I'm a shareholder and have verified that in the past. I would have no reason to cut Ken's funding short by 50k shares.
You just implied he could steal 50k shares from us. That would be quite a serious accusation, if made, which is why I asked. How would we ever know? Can you tell which shares are his? He will account for the 50k now that I posted it, guaranteed. I will be posting 400,000 shares on BTC-TC @ .0025 and 100,000 shares on bitfunder @ .0025 sometime this weekend after the market has time to breath from the resent sales. |
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