By the way, if you've ever wondered what is involved in the development of an ASIC, or what RTL and Tape-out mean, then this article is for you: http://www.edn.com/design/systems-design/4319891/The-economics-of-structured-and-standard-cell-ASIC-designs

I know a lot of people on here are really eager for an eASIC press release.  I'm not holding my breath, here's why:

1) At this stage if there is ANY press release at all it'll be about 50 words long and say something along the lines of "eASIC has agreed to partner with VMC to develop a chip."

2) The press I see on eASIC's website is mostly for COMPLETED projects.  PR doesn't just stand for Press Release after all, and good PR this is.

3) eASIC won't be publicly committing to anything in a press release (especially delivery dates).

That said I think Ken is the real deal.

One interesting point to note: The Swedish company KNC Miner is also working with eASIC through ORSoC (who is a channel partner with eASIC).  See this image as proof: http://abload.de/img/dsc_36330bukj.jpg  taken from here: https://bitcointalk.org/index.php?topic=214285.msg2410076#msg2410076

A channel partner is also known as a value added reseller if I'm not mistaken.

Since ORSoC has already publicly announced their partnership with KNCminer does that put them ahead of ActM in the product development curve?  Are they using the 45nm process or 28nm process?  As I see KNCminer as the only credible threat to ActM's runaway success.

Sour grapes TadpolesIsAWinner.   What's going on here is you are upset that you didn't buy and hold from when you bought at 0.0009.  Because if you had and sold now you'd make 6 times your money.  But that isn't what you did, because you got emotional, panicked, sold, and hid your money under the mattress.  Since you can't accept the fact that this was your decision, you are blaming another person for your actions.  i.e. It's Ken's fault because of the the bad press he got about the IPO that MADE you sell.  I'm sorry you made a bad decision, but nobody can control your actions.  Please read up on this mental phenomenon: https://en.wikipedia.org/wiki/Cognitive_dissonance

Yes, the dividend won't be as big as it has been previously.  Actually, I think it might be the smallest one ever.  The future dividends look great once the klondike and avalon chips go online and start mining.  If some people get out after a smaller than expected dividend then maybe we can get one last shot at some cheap shares.  

EDIT:  Also, a chequing account is essentially a liquid cash account, in Canada they pay no interest at all.  We have savings accounts that pay an ANNUAL rate of less than 0.01%  We also have something called Guaranteed Investment Certificates (GIC's) that lock your money in for a fixed time at a fixed rate.  I.E. 1 year at 1.5%

While each dividend is small, it would be foolish to overlook the fact that they are paid weekly.

+1

We're not running the company, Ken is.  I'm inclined to wait for the official announcement.  From following the thread, I am reasonably sure he is looking at the digital simulation of the chip, paying for the NRE and exchanging high fives with the engineers at eASIC.  We can expect prototypes (very late september) and low volume production in early October (based on the timeline estimates I've seen tossed around here).

Personally, I'm interested in hearing more about when the 20K Avalon chips are going to show up and when we can expect those to go online and start earning us juicy dividends.

Cheers!

I'll just add my 2 cents:

My Gigabyte 7970 is currently in RMA with status "repairing".  I'd been mining both bitcoin and litecoin.  I'd just started mining Litecoin and was tuning cgminer when I realized that my HW error rate was really high.

I tested the card with memtestCL and found that my card failed the 'random blocks' test in a major way (over 672,000 incorrect bits).  Took a screenshot and sent it in with my RMA request.  Gigabyte service has been great so far.

The card did overheat a few times while I was using it and after examining it when it failed there was some discoloration on the VRM heatsink rear strap suggesting extreme heat in that area.

I'll be much more careful when I get the card back.  I've already picked up risers and after reading this thread I've ordered some cheap heatsinks off ebay.

Thanks guys!

For the newbies, I think it'd be helpful if we could list common language that gets used on the forums here and it's definition.

For example: Share walls - when the owner of a company puts up a large number of new shares for sale. (Has the effect of capping the stock price at this value.)

Hello all,

I've been following this thread since around page 45 a couple days ago.  I'll toss my 2 cents in. 

One, It's a good idea Ken doesn't tell us what exchange he is using as that could open him up to hackers going after his account or prince manipulation on the given exchange.

Two, I'm glad we have some very sensible people posting in here.  Props to vbs, street 2.0, ffssixtynine, and others.  I hope you guys get into advisory positions of some sort.

Three, As for the share walls, I agree it can definitely be done better.  It's been said that up to 10,000,000 shares will be issued as part of the IPO, now I can see that there must be some sort of divide of these shares between bitfunder and BTCT.co.  And since it's only listed on bitfunder at this time pending the approval of the new 'Activemining' asset on BTCT.co I can understand why Ken can't just do a great big IPO and be done with it.  He has to keep some IPO shares in reserve for conversion demand on BTCT.co (from AMC->ActM).  Does this make sense?  Am I right about this?  Just trying to understand as I've seen several posts about IPO shares already being sold on BTC-TC even though ActM isn't listed yet.

Four, I'm glad Ken finds time for this thread, but I'm even happier that soon he won't have to and we'll have board members to handle it, personally it takes me almost as long to read a page as it takes for another to be created.

Five, I'm not sure if this is possible, but it would be very nice to offer an automatic reinvestment of dividends option (on the exchanges?).  So that dividends are paid in additional shares and not BTC, but with the current market tech and low volumes this could be abused if it was just done as a market order.  Hmmmm...

Six,  from bitfunder: Activemining Shares Issued 5,600,815  previously it was 6,176,329.  Why is this number going DOWN?  I don't get it.

Thanks for reading!

Can a moderator for BTC-TC please review Activemining and get it listed?  It is waiting on one last vote for approval.

Thank you very much!

(fyi, I have no involvement in this company other than owning a couple shares on bitfunder)

Very true.  I am one of the literal thousands of people waiting on a BFL unit which I will be lucky to break even with when it does arrive.  The answer isn't mining with your own hardware (like panning for gold) or buying and holding bitcoins waiting for the currency to appreciate (similar to holding physical gold but a lot more risky).  I believe that bitcoin as a currency has for the short-medium term stabilized.

What has me very interested right now, is the emerging uses for the bitcoins most of us are holding onto.  My current obsession is the emergent bitcoin venture capital IPO stock market (which includes futures trading, options, bonds, etc)  Since the market is so new and relatively small, the price finding mechanism isn't as efficient as in the fiat stock market, meaning that: 1: there are some real bargains out there, 2: stuff gets over priced often 3: 4: Profit!

A great example of this IMHO is if you look at ASICminer: https://bitcointalk.org/index.php?topic=99497.0 They have been in business for awhile, and are worth over 4 BTC a share, the IPO was 0.1 BTC per share.  That's a 400% rise in just 12 months!  And they pay dividends!

Now ActiveMining comes along and is just 0.0025 per share right now (although the management of their IPO is very poor, which is keeping the price down) but they just reached their NRE funding and are already paying dividends with the revenue from Avalon units they purchased, with more on the way, AND they are going to build their own line of ASIC miners and pay dividends (a 10% royalty) on the sale of each, but their mining pool gets first dibbs. AND it's a scalable solution that capps out at 96 cards for a total of ~24TH/s?!?!  I mean wow!  This could be the next big thing!  (Disclaimer, I've already bought some shares myself and researching this company has been my obsession for the past 24 hours.  Bitcoin has been my obsession since the rally started in Feb of this year.)