[ActiveMining] The Official Active Mining Discussion Thread

[ActiveMining-PR]

The website is certainly something that is on the list, but not top priority.  At current pass, functionality is all that we require in this moment.  I can agree the website needs a makeover, and it will receive one in due time.  The current timeline on high priority items consist of eASIC, prototypes, Klondikes and formation of the board.  Once those objectives are completed, an improved website will be in line for priority consideration. 

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[N_S]

What's the most up-to-date estimate for when we'll be hashing at 6+TH/s?

[LorenzoMoney]

If the website gets updated, I would like to see the order page section be made more clear. After all, some of the profit will come from ActM selling mining equipment, and of course, I would like to buy some Fast Hash machines.

I also have a table in my living set up for the machine I will get. It was originally set up for a Butterfly Labs machine or two, but it seems that my Fast Hash will get here before I see anything from BFL.

ActiveMining-PR, are you guys looking to update the website sometime in the near future? Being a professional company, I would hope so, as the current website looks quite rushed and sloppy considering this is now a company that is valued in the millions. While I know branding and marketing comes second due to the lack of staff and other priorities, I hope you guys have a plan to update it in the future to better represent the professional culture Active Mining should be aiming for. I am a web designer so I may be biased, but when looking at a site like butterflylabs.com and then virtualminingcorp.com, it is clear that you guys need an update in your branding and corporate identity.

Just my 2 cents!

[deizel]

I also have a table in my living set up for the machine I will get.

http://wiki.eth0.nl/index.php/LackRack ?

[kleeck]

What's the most up-to-date estimate for when we'll be hashing at 6+TH/s?

I've been hearing this question a lot lately. Streets first page over on the speculation thread (https://bitcointalk.org/index.php?topic=254930.0) is GREAT for gleaning this type of info! Here's what it says:

Per Ken on June 17th we had 6 weeks until the 6.3TH/s is going online.
(https://bitcointalk.org/index.php?topic=158806.msg2751822#msg2751822)

The Avalons were delayed two weeks, push us out 8 weeks from ~June 17th which is somewhere near Sept. 11th.

In total, around ~6,377 GH/s is expected to come online by the end of August/early September.

[Flashman]

The current timeline on high priority items consist of eASIC, prototypes, Klondikes and formation of the board.  Once those objectives are completed, an improved website will be in line for priority consideration. 

That's what I wanted to hear... TBH excessively slick websites turn me off, just wanna hammer through them fast, don't want no animations, dancing hamsters, 360 degree product flyarounds, just the facts ma'am.

[N_S]

What's the most up-to-date estimate for when we'll be hashing at 6+TH/s?

I've been hearing this question a lot lately. Streets first page over on the speculation thread (https://bitcointalk.org/index.php?topic=254930.0) is GREAT for gleaning this type of info! Here's what it says:

Per Ken on June 17th we had 6 weeks until the 6.3TH/s is going online.
(https://bitcointalk.org/index.php?topic=158806.msg2751822#msg2751822)

The Avalons were delayed two weeks, push us out 8 weeks from ~June 17th which is somewhere near Sept. 11th.

In total, around ~6,377 GH/s is expected to come online by the end of August/early September.

That date (2nd week of Sept.) was the most recent I had heard, but was wondering if that had changed at all.

Good stuff. Thanks!

[VinceSamios]

I have some realistic skepticism on the timescales for getting the 6TH online - not because of ActiveMining, but because there are two other companies involved in the supply chain. It's a row of domino's and control really lies with Avalon at the moment. Let's hope they get a jiggle on :-)

[ActiveMining-PR]

What's the most up-to-date estimate for when we'll be hashing at 6+TH/s?

I've been hearing this question a lot lately. Streets first page over on the speculation thread (https://bitcointalk.org/index.php?topic=254930.0) is GREAT for gleaning this type of info! Here's what it says:

Per Ken on June 17th we had 6 weeks until the 6.3TH/s is going online.
(https://bitcointalk.org/index.php?topic=158806.msg2751822#msg2751822)

The Avalons were delayed two weeks, push us out 8 weeks from ~June 17th which is somewhere near Sept. 11th.

In total, around ~6,377 GH/s is expected to come online by the end of August/early September.

That date (2nd week of Sept.) was the most recent I had heard, but was wondering if that had changed at all.

Good stuff. Thanks!

As more progress is made, demonstrated and released, that time line will become more and more clear to all parties involved.  As a note, I will still do my best to keep the Overview thread up to date as much as possible in the first post.  I probably will not be posting anything other than editing that OP from the Streets 2.0 account.

[redbeans2012]

I have some realistic skepticism on the timescales for getting the 6TH online - not because of ActiveMining, but because there are two other companies involved in the supply chain. It's a row of domino's and control really lies with Avalon at the moment. Let's hope they get a jiggle on :-)

Any reasons why Avalon is delayed?

[ArcticWolf]

I have some realistic skepticism on the timescales for getting the 6TH online - not because of ActiveMining, but because there are two other companies involved in the supply chain. It's a row of domino's and control really lies with Avalon at the moment. Let's hope they get a jiggle on :-)

Any reasons why Avalon is delayed?

There's a whole thread on it in the custom hardware board

https://bitcointalk.org/index.php?topic=264098.msg2824113#msg2824113

[iCEBREAKER]

Material Development, Type Competition:

The IceDrill mine will launch with its initial 500 Th/s capacity in the last quarter of 2013, likely in November.
https://bitcointalk.org/index.php?topic=269216.msg2880180#msg2880180

Time to update the projections again!

Also, this:  http://www.youtube.com/watch?v=d-diB65scQU

[zumzero]

They have six days to raise over 20,000 btc or the IPO fails. 

[afrotec]

Material Development, Type Competition:

The IceDrill mine will launch with its initial 500 Th/s capacity in the last quarter of 2013, likely in November.
https://bitcointalk.org/index.php?topic=269216.msg2880180#msg2880180

Time to update the projections again!

Also, this:  http://www.youtube.com/watch?v=d-diB65scQU

This HashFast company (ugh really? HashFast and FastHash coexisting?) sounds like a scam to me. They have even less information available than their competitors and claim 400GH/s from a single chip? Yeah okay, I'll believe it when I see it.

Agreed, I'm not liking the name similarity

[adub]

Some guy sold my brother a car audio amp out of his trunk a while back. The brand was "RockWood". A cross between Rockford Fosgate, and Kenwood. The thing only lasted 2 weeks before it died.

[grimholt]

Some guy sold my brother a car audio amp out of his trunk a while back. The brand was "RockWood". A cross between Rockford Fosgate, and Kenwood. The thing only lasted 2 weeks before it died.

I lol'd.

On a more serious note, the IceDrill project seems to be extremely ambitious. If they pull of the first IPO, we are talking serious competition. It'll be really interesting to see how sales go over the past few days, which would give a good indication as to whether they'll pull it off or not.

Edit:
Forgot to add: INDUCE PANIC SELLING!

[somestranger]

Wow after thinking about this some more I think this IceDrill project is the future. ActiveMining is going to have extremely stiff competition with all of these new competitors in the market and I just don't see how it's going to be profitable at this share price. I've just sold a considerable amount of shares to purchase IceDrill. I think others should too lest they watch their ActiveMining shares quickly lose value as people panic sell.

[Flashman]

From what I can figure that hashfast will actually GET out their chips, I'm doubting that their rack mount kit is going to be all that more dense than the VMC 24TH full rack, might beat it by half, not a helluva lot when IceDrill is going to pay retail, so I think ActiveMining will be able to compete.

[redbeans2012]

Wow after thinking about this some more I think this IceDrill project is the future. ActiveMining is going to have extremely stiff competition with all of these new competitors in the market and I just don't see how it's going to be profitable at this share price. I've just sold a considerable amount of shares to purchase IceDrill. I think others should too lest they watch their ActiveMining shares quickly lose value as people panic sell.

Weather you are correct or not, I've learned to spot these market panics and plan accordingly.

[somestranger]

The difference is this,

when you are able to purchase chips AT COST from the Fab, you can scale much greater than anyone buying from any competitor at retail cost (Even reduced cost for bulk purchases)

Chips are only $2-3/each from a wafer, producing boards at cost and everything else combined, it shouldn't cost ken more than $1-2/GH for full implementation.

I doubt any competitor out there is going to be selling at the $1-2/GH levels anytime in the near future.

You may doubt that these competitors will be able to reach those price points but this project is being run by DeaDTerra who also invested early on in ASICMINER and Satoshi Dice which both paid off in droves. Clearly he must see a huge upside to this project, and I doubt very much that he would not do the proper $/GH calculations when formulating his plan.

There's also the "IPO Mania" lately that has been driving down share prices for ActiveMining and others, and this is likely to be no different than Labcoin and BTCGARDEN. Don't get left holding the bag!!