We are no longer involved with eASIC, those projects have been cancelled. There is a minimal amount of information about a custom 28nm chip currently being developed. I do agree that we should streamline the website to focus towards our current products, maybe have a link to the others showing 'future products'.

Ken,

I want to say thank you for what you have accomplished this past month. I can't imagine how difficult it has been competing in this space in the past year. I hope that as things continue to scale up, you will continue to modestly hire when help is needed. We've got mining, manufacturing, development, and sales/customer relations. That's a lot going on, employees should not be placed into the position where focusing on one aspect of the company causes another aspect to be neglected. I know you have hired new employees in the past few months, and it has helped tremendously. Hire knowledgeable people that have leadership traits and new skills that bring value to the team. Hire them on contract if you don't think you will need them long-term. As people get more experienced, hopefully they will be able to predict potential issues and plan around them, as time is very valuable in the bitcoin world. I know that it is a learning process and things will go more smoothly with more exposure. If ACTM is to be successful, it will need a small army behind it (besides all of us crazy shareholders).

I am also curious, as are the other shareholders, as to the status of the custom 28 nm chip. Looking solely at the history of the company, I would place a bet on this not precipitating to anything. However, I know that there are many challenges to the development of these chips, and a lot of these challenges cannot really be learned until you're ankle deep into the process. The bitcoin network and mining competition has increased incredibly, so I don't blame you for cancelling projects that wouldn't have been profitable. I hope that as a result of the previous failed/cancelled projects that you and others involved have gotten past the learning curve and are able to actually make a chip. I hope that there are employees working on this non-stop, as time is very valuable in this development. I hope that the employees involved have enough foresight to predict potential delays ahead of time, and plan around them. Is there any information that you can give us on the development of this chip, or are we supposed to just believe? How is our cash supply, do we have the funds to complete this development in an efficient manner?

Next up, Intellihash. Is there active development being done on intellihash? If there isn't active development, why not? Manage your human resources so that this can be developed, if it is something that you still believe can bring value to the company.

I hope that you have development focused in all aspects of the company congruently, and that human resources don't have to be shuffled around causing more delays and unsuccessful projects.

Thanks,
4ju5tice

I second this.

I don't really care. Ken could have made a deal with another company, buying their design for part of ACTM company's shares. It is progress whatever happened. If ACTM is working on a better 28 nm in the background then that's even better.

It has been since about October that we've actually had any substantial good news with ACTM. And this thread has been terrible with all the manic-depressives out there. Things like this take time to build, but hopefully Ken has had time to develop his leadership skills and this is just the beginning for ACTM.

Nice work Ken. Now let's start seeing some profit come into the company.

I like the name and the picture of the gold prospector is nice.


Processor Highlights
·Proprietary 28nm ASIC

Ooohh.. I like that too.

Ken, we have been waiting on chips since the end of last year. You have kept us largely in the dark as our competition has been ramping up. Remember that you started ACTM so that you could provide a quicker solution to bitcoin mining? Is this going to happen? Or is all of the money going to drain out of this company before it does? Ken, get your act together. Get help where you need help to get this project completed promptly, or liquidate the public shares. Get people involved that have a passion for bitcoin mining and pay them with the company's half of the shares. I know that there have been a lot of mishaps and things out of your control. That's partly how the bitcoin world is right now, everything moves so fast. Either you can handle the task at hand in this environment and provide a return to the investors or you cannot. Do you have what it takes? If not, throw in the towel. If so, get us something to show for all this time and money.

Anything is possible if you just believe.

Oh sorry, it was 45 nm not 55 nm.

kslaughter dated March 26, 2013:
"The team has been involved with Bitcoins since 2009. AMC has purchased and will operate Application Specific Integrated Circuit (ASIC) Bitcoin mining machines and is developing an ASIC chip and PCB that it will license to VMC for use in their Fast-Hash series of Bitcoin Mining Machines. AMC is developing ASIC chips on the 45nm and soon the 28nm process. AMC's ASIC 45nm chips will have fast speeds of 6 to 9 GH/s with low power usage. The 28nm chips are estimated to have speeds of 9 to 15 GH/s per chip which will be in VMC's Fast-Hash-XXT series of machines which will have even more speed and even lower power usage. VMC may purchase ASIC chips from different vendors if available."


https://bitcointalk.org/index.php?topic=158806.0

Too bad I missed the pre-orders last summer for the 28nm miners.

Now I can pre-order 55nm though!

I'm not trying to troll too bad, it's just super easy. The pre-order situation is ironic to me. I really hope that this company turns into something, because it is nothing now. I would have made a lot more investing in my own cex.io contract. And let's face it, while I don't believe Ken is a scam, he has definitely said some deceiving things. Ken, just get us some frickin chips! You said we'd have 55nm in fall last year, you led us to believe that we'd have 28nm by early this year by the latest, you talked of intellihash but it sounds like it is not at all complete, you said releasing shares are #1 priority. Damn, if they were your #1 priority then I'd hate to see how the chips and this 'game-changer' technology are coming along.

As unhelpful to our cause as getting the gov involved will be, I can understand why some scared little 'government-save-us' fellow may have done it.

Edit: As minerpart corrected me, 55nm chips were only announced three weeks ago. I was thinking of the 45nm chips that were announced March 26, 2013

At least Ken isn't being an immature troll. Hopefully he's using that time to actually work on ACTM. At least we have some desks!

He's probably checking in to see the quality posts that he's missed. Lol

Thanks for the update Ken. Great work, I know you've been doing a lot. Merry Christmas!

ACTM will only have 24 Th/s? With atleast half of the manufacturing capability going towards the mining facility, that assumption means that the company will only produce 48Th/s or less. If you believe that, then you shouldn't have invested.

Yes, mining is an area with diminishing returns. Is that what you're trying to say? Or are you just trying to scare people with this obvious reality that hopefully investors are already aware of? Being a manufacturer of rigs, we have a HUGE advantage over non-manufacturing miners. Not only that though, even when mining becomes less profitable, we will receive income from software and hardware sales. Ken is smart and he is creating more consistent revenue streams in addition to the focus on mining. It's easy to forget when you're a part of the hype, but as they say, the people who sold shovels were the most profitable in the gold rush. We're a part of both sides of the gold rush. Ken has a lot to gain from this company being successful, and he has the most to lose from it not being successful. He's going to give everything to make this work. I believe he will.

That being said, if you want to get rid of your shares when we start trading, I'm sure you're not the only one. Bitcoin has gone up more than 1000% since a lot of us started investing in AMC. Investing is about making a profit, if you've made a profit in your eyes then by all means, do what you want. You can't lose money taking a profit.

Disclaimer: I don't really care where the share price ends up when trading starts. I think the dividends have the potential to be excellent.

I'm not sure what the deal is with the people in this thread. Psychologists could probably learn a lot from it. We've got a little bit of everything here. In the end, it doesn't really matter what any of the posters in this thread think. Things will happen how they happen. Fighting the stupid comments in this thread is impossible. Peace.

This is awesome. Great work Ken. 

They aren't bothering me. I'm ignoring them. People that trust what they say don't really know what their investment is worth anyways.

Are you not yourself 'responding to the trolls'?

There gets to be a point where the people that post tons and tons of posts right after each other that have no content become the trolls.

It accounts for 40% difficulty increases per month, which may be a little optimistic. It isn't accurate for the dividends after .0025, didn't throw that if statement in there.


Understandable. It's just a model, nobody knows how things will turn out exactly. I'd assume that we can get rigs at a cheaper rate than what ACTM retail is, and I think we have more than 1M USD in reserves.

How is it highly unlikely? Which parameters do you not agree with?

Obviously, there is no calculation for power consumption, rent, general overhead. Manpower and electrical power will be limiting factors.

.0025/share payed out in 5.5 months. If that's the case, you can bet the share price will be at least .01.

Yeah DTS, relax. It's not a scam. We're all impatient. Now that bitcoin is $1000 from $100, even if you bought at a price of .005, you'd still break even in fiat from selling at .0005. If you want to sell your shares for .0005, I'd buy a few. ACTM will be about 10x more profitable than it was before this price rise. The price rise saved this company.  But seriously, I bet in two months we'll all be laughing about the days when the forums were filled with people freaking out.