[ActiveMining] The Official Active Mining Discussion Thread

[stenkross]

I feel that this discussion regarding potential competitors to ACTM is healthy in one aspect.
My gut feeling so far has been that those who are in favor of ACTM seem to assume that the competitors are going to sit on their hands, doing nothing while the 28 nm fast hashers get manufactured and shipped.
Of course that is not the truth, who knows what ASICMINER have up their sleeve for instance? And KnC? And other yet unknown companies.

At least now even the most blinded cheerleader of ACTM should be aware that we are not alone in the bitcoin mining universe.
Vbs: In your future projections sheet you posted a while ago, how big market % of hashing and sales did you guess ACTM would have? Has it been updated lately?

Disclamer: I am still long on this stock, and you guessed it, english is not my native language.

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[Vbs]

I feel that this discussion regarding potential competitors to ACTM is healthy in one aspect.
My gut feeling so far has been that those who are in favor of ACTM seem to assume that the competitors are going to sit on their hands, doing nothing while the 28 nm fast hashers get manufactured and shipped.
Of course that is not the truth, who knows what ASICMINER have up their sleeve for instance? And KnC? And other yet unknown companies.

At least now even the most blinded cheerleader of ACTM should be aware that we are not alone in the bitcoin mining universe.
Vbs: In your future projections sheet you posted a while ago, how big market % of hashing and sales did you guess ACTM would have? Has it been updated lately?

Disclamer: I am still long on this stock, and you guessed it, english is not my native language.

Yep, the competition will only increase and the >28nm feasibility argument of 110/130nm players is only going to hit the ground from now forward. Don't expect 20nm bitcoin mining hardware anytime soon, there are currently several technological hurdles to be resolved on that die shrink (better finFETs, etc) before it can be used to build power-hungry circuits made to operate 24/7.

I haven't updated my spreadsheet lately, but I'm expecting that with $200M appearing for chip development they are expecting at least 2-3x of that in chip sales, so I think ActiveMining will definitely be in a very good position on that too.

[Vbs]

Seems we'll be getting an eASIC Nextreme-3 too!

http://www.easic.com/easic-announces-strategic-investment-by-seagate/

Cupertino, CA and Santa Clara, CA – August 5, 2013 – eASIC Corporation, a provider of NEW ASIC devices today announced a strategic investment by Seagate Technology (NASDAQ:STX). In addition to the equity investment, eASIC and Seagate also are exploring opportunities to jointly develop custom silicon solutions for Seagate’s portfolio of Solid State Drives (SSD) that would combine Seagate’s expertise in SSD with eASIC’s expertise in fast time-to-market, low-cost and low-power custom silicon solutions.
(...)
“We are extremely excited to be working with one of the world leaders in storage technology,” said Ronnie Vasishta, President and CEO of eASIC. “Seagate has an exceptional history in bringing world class technology and innovation to the storage market. Using our eASIC Nextreme-3 28nm single via configuration technology will help Seagate to bring storage innovation at a pace not yet seen in this industry,” added Vasishta.

[BitcoinForumator]

Listen to todays EdAndEthan Bitcoin daily updates on YouTube for their opinion about the whole 200m$ investment.

Btw, Ed and Ethan, are you here reading this topic?

[xchrisxsays]

Seems we'll be getting an eASIC Nextreme-3 too!

http://www.easic.com/easic-announces-strategic-investment-by-seagate/

Cupertino, CA and Santa Clara, CA – August 5, 2013 – eASIC Corporation, a provider of NEW ASIC devices today announced a strategic investment by Seagate Technology (NASDAQ:STX). In addition to the equity investment, eASIC and Seagate also are exploring opportunities to jointly develop custom silicon solutions for Seagate’s portfolio of Solid State Drives (SSD) that would combine Seagate’s expertise in SSD with eASIC’s expertise in fast time-to-market, low-cost and low-power custom silicon solutions.
(...)
“We are extremely excited to be working with one of the world leaders in storage technology,” said Ronnie Vasishta, President and CEO of eASIC. “Seagate has an exceptional history in bringing world class technology and innovation to the storage market. Using our eASIC Nextreme-3 28nm single via configuration technology will help Seagate to bring storage innovation at a pace not yet seen in this industry,” added Vasishta.

Is this the first public mention of the 28 nm by eASIC?

[ArcticWolf]

Ladies and gentlemen, the $200 million Avalon deal was complete baloney. Check for yourself: https://twitter.com/ScottWapnerCNBC/statuses/364370798892421120

[grimholt]

Ladies and gentlemen, the $200 million Avalon deal was complete baloney. Check for yourself: https://twitter.com/ScottWapnerCNBC/statuses/364370798892421120

What a shock.

[canth]

Where's iCEBREAKER? Probably dying laughing at anyone that takes him seriously for investment advice.

[steveioio]

Ladies and gentlemen, the $200 million Avalon deal was complete baloney. Check for yourself: https://twitter.com/ScottWapnerCNBC/statuses/364370798892421120

In a way that's disappointing for two reasons:

1) It wouldn't have effected ACtM's mining or hardware sales for atleast 12months, so no impact on us for a long time,
2) It would have meant some serious money and very very experienced investors backing BTC and BTC would have been on the way up as a result.

[kleeck]

Ladies and gentlemen, the $200 million Avalon deal was complete baloney. Check for yourself: https://twitter.com/ScottWapnerCNBC/statuses/364370798892421120

In a way that's disappointing for two reasons:

1) It wouldn't have effected ACtM's mining or hardware sales for atleast 12months, so no impact on us for a long time,
2) It would have meant some serious money and very very experienced investors backing BTC and BTC would have been on the way up as a result.

Lies are frustrating, right? Let's all go spam WSJ with flames. 

[Rozal]

Good morning everyone. I received a response from Douglas McMahon, Senior Managing Director of tavistock (of which Joe Lewis is Chair of).

Could you confirm recent rumors, or that Joe Lewis has an interest into Bitcoin?

No interest at all. WSJ is not true.

[ActiveMining-PR]

The Advisory board:

A rough draft for the initial Advisory Board and its members has been completed, based on valuable personal expertise and knowledge to the proper functioning and future directions of ActiveMining.  Regulation is being discussed for how to provide the best service to all shareholders of ActiveMining through the board. We also want to define mechanisms to help gather the opinion of large shareholders with significant expertise on the possible directions of the company.  The names of the members on the Advisory Board will be released when the legalities are finalized and responsibilities determined.

Who is ActiveMining-PR?

There have been some questions as to who the PR person is for ActiveMining and what their credentials are.  The name I previously went by on BitcoinTalk was Streets 2.0.  Ken contacted me and professed a desire for an active PR management presence on the forum.  In numerous talks with Ken and others, it was decided I would act as a liaison for communicating all important news from Ken to the shareholders. The objective is for communication to be expedited and more concise from here forward, taking into consideration that Ken will progressively have less time to focus on the forum discussion itself.

I would like to ask everyone to please not private message any questions or concerns to the previous account Streets 2.0 regarding ActiveMining, they will not be responded to.

[steveioio]

The name I previously went by on BitcoinTalk was Streets 2.0.

Great. Good to have you onboard, now go make me rich.  

[djbooth007]

Ladies and gentlemen, the $200 million Avalon deal was complete baloney. Check for yourself: https://twitter.com/ScottWapnerCNBC/statuses/364370798892421120

What a shock.

To be honest, im disappointed. This deal would have made huge waves in bitcoin taking it further mainstream.
Although, such a deal could still happen in the future.

[Rozal]

It's spread now to be known as fact, except for us few savvy investors who have taken the time to confirm its invalidity. So either way, bitcoin got publicity today.

[knybe]

The name I previously went by on BitcoinTalk was Streets 2.0.

Xlnt. Great to have you on board...

[djbooth007]

It's spread now to be known as fact, except for us few savvy investors who have taken the time to confirm its invalidity. So either way, bitcoin got publicity today.

Yes, even BS articles like today put bitcoin in front of more people. News like this (real or not) is still good for ACM as it indirectly introduces mining to new people.

[steveioio]

It's spread now to be known as fact, except for us few savvy investors who have taken the time to confirm its invalidity. So either way, bitcoin got publicity today.

Excellent point. Most news readers will never know this deal isn't going to happen but might get into BTC as a result of believing it. Maybe the bitcoin community should do more of this sort of profile raising awareness shenanigans.

[VolanicEruptor]

ROZAL from BTCgarden
"Good morning everyone. I received a response from Douglas McMahon, Senior Managing Director of tavistock (of which Joe Lewis is Chair of).


Quote

Could you confirm recent rumors, or that Joe Lewis has an interest into Bitcoin?


Quote

No interest at all. WSJ is not true.

A special thanks go to all the panic sellers who believed the ridiculous possibility of someone investing 200 million dollars into Bitcoin mining.  Just remember kids, we are mining Bitcoins.. not building rockets here.  I appreciate your willingness to hand over to me your cheap Activemining shares.  Please don't ever skydive, as your display of poor judgment during high stress would likely result in something that nobody should ever have to clean up.  Thanks again.

VE

[ChefBorjan]

It's so annoying, I was told to get off my ipad and stop checking these forums so often by the girlfriend... I missed the opportunity to liquidate on the way down on the 'news' and buy back in. I knew there would be a panic. Oh well. Still have my ActM so thats the important thing.