[ActiveMining] The Official Active Mining Discussion Thread

[N_S]

Let's get this back on track.

Pictures of fuzzy, mythical creatures belong in the Speculation thread.

fuzzy, mythical creatures?  Dude, do you live under a rock??

Hahah, I'm sure Chewie and his mates wouldn't mind 

[iCEBREAKER]

Let's get this back on track.

Pictures of fuzzy, mythical creatures belong in the Speculation thread.

Don't bother to point out the hypocrisy of the Selective Outrage Committee.  They only care about topicality when it suits their witch hunts.

If the ACTM JV Cheerleader goes off topic, it's all good.

Wading back on topic, let's ask Volcanic Erupter how his credibility is doing, after giving his "word" share price would "stabilize around 0.006."

[VolanicEruptor]

.0053 is good enough for me  thanks for asking

[dhenson]

blah blah blah blah blah...

How's that IceDrill investment working out for you?
https://bitfunder.com/asset/IceDrill.ASIC

[VolanicEruptor]

blah blah blah blah blah...

How's that IceDrill investment working out for you?
https://bitfunder.com/asset/IceDrill.ASIC

Where did that 7 million wall go?  Oh there it is, half way down the page.  

[matuszed]

blah blah blah blah blah...

How's that IceDrill investment working out for you?
https://bitfunder.com/asset/IceDrill.ASIC

Where did that 7 million wall go?  Oh there it is, half way down the page.  

Haha what were people thinking.  This thing was never going to pop.

[dhenson]

Bitcoin investing 101
  Lesson 1:  Never invest in a PMB or buy shares of a mining company that purchases equipment retail.
  Lesson 2:  Always do the exact opposite of whatever iCEBREAKER is trying to manipulate you into doing.
  Lesson 3: ???

[arousedrhino]

Bitcoin investing 101
  Lesson 1:  Never invest in a PMB or buy shares of a mining company that purchases equipment retail.
  Lesson 2:  Always do the exact opposite of whatever iCEBREAKER is trying to manipulate you into doing.
  Lesson 3:

Lesson 3: Profit!

[iCEBREAKER]

knowledge wisdom prescience wit articulation humility

How's that IceDrill investment working out for you?
https://bitfunder.com/asset/IceDrill.ASIC

Where did that 7 million wall go?  Oh there it is, half way down the page.  

Haha what were people thinking.  This thing was never going to pop.

I was thinking 'HashFast is suddenly the best horse in the race to 28nm ASICs and DT is a swell guy, so I'll put all my glorious ACTM profits into cheap early ice.drill IPO shares.

My investment (!= speculation) is "working out" very well for me, thanks for asking!  HashFast's partner put out a press release announcing their official relationship, while ACTM just burns cash on inexplicably absent Avalons/NRE fees.

While HashFast's full-custom 400GH chip tapes out, ACTM's semi-custom 20GH chip languishes in limbo.

Vbs may concern troll WRT HashFast's cooling solutions all he likes, but the fact is

Several days ago Uniquify sent our chip’s design files + documents to the Fab on our behalf. This is a preamble to official tapeout, which includes a content check of all the documentation, and a review of the mask files by the Fab.  The results of our mock tapeout are due back any minute now and so far it all looks good.

https://hashfast.com/countdown-to-tapeout/

How much did we lose on the Avalons?  

Where is eASIC's press release?

Will ACTM ever tape-out?  

Is there a problem with the BTC conversion?

Shareholders deserve real answers, not arranging the ACTM Cheerleader Squad into a human centipede and calling it a "Board."

iCEBREAKER
Chairman Emeritus

[VinceSamios]

knowledge wisdom prescience wit articulation humility

How's that IceDrill investment working out for you?
https://bitfunder.com/asset/IceDrill.ASIC

Where did that 7 million wall go?  Oh there it is, half way down the page.  

Haha what were people thinking.  This thing was never going to pop.

I was thinking 'HashFast is suddenly the best horse in the race to 28nm ASICs and DT is a swell guy, so I'll put all my glorious ACTM profits into cheap early ice.drill IPO shares.

My investment (!= speculation) is "working out" very well for me, thanks for asking!  HashFast's partner put out a press release announcing their official relationship, while ACTM just burns cash on inexplicably absent Avalons/NRE fees.

While HashFast's full-custom 400GH chip tapes out, ACTM's semi-custom 20GH chip languishes in limbo.

Vbs may concern troll WRT HashFast's cooling solutions all he likes, but the fact is

 Several days ago Uniquify sent our chip’s design files + documents to the Fab on our behalf. This is a preamble to official tapeout, which includes a content check of all the documentation, and a review of the mask files by the Fab.  The results of our mock tapeout are due back any minute now and so far it all looks good.

https://hashfast.com/countdown-to-tapeout/

How much did we lose on the Avalons? 

Where is eASIC's press release?

Will ACTM ever tape-out? 

Is there a problem with the BTC conversion?

Shareholders deserve real answers, not putting the ACTM Cheerleader Squad into a human centipede and calling it a "Board."

iCEBREAKER
Chairman Emeritus

To be fair I think 20GH chips are a far safer proposition that 400GH chips... the idea of removing 300w+ of heat from a single chip scares me a little. Removing 15-20w on the other hand should be an absolute doddle.

I agree we are all keen for some ActM news - at the moment I'm not sure if chip development has started yet, where a 1 month head state could mean a difference of 25% annual ROI. However I understand there are limitations to what we can be told. I would hope there are some simple answers that can be given without crossing any lines.

[yuansuyi]

knowledge wisdom prescience wit articulation humility

How's that IceDrill investment working out for you?
https://bitfunder.com/asset/IceDrill.ASIC

Where did that 7 million wall go?  Oh there it is, half way down the page.  

Haha what were people thinking.  This thing was never going to pop.

I was thinking 'HashFast is suddenly the best horse in the race to 28nm ASICs and DT is a swell guy, so I'll put all my glorious ACTM profits into cheap early ice.drill IPO shares.

My investment (!= speculation) is "working out" very well for me, thanks for asking!  HashFast's partner put out a press release announcing their official relationship, while ACTM just burns cash on inexplicably absent Avalons/NRE fees.

While HashFast's full-custom 400GH chip tapes out, ACTM's semi-custom 20GH chip languishes in limbo.

Vbs may concern troll WRT HashFast's cooling solutions all he likes, but the fact is

Several days ago Uniquify sent our chip’s design files + documents to the Fab on our behalf. This is a preamble to official tapeout, which includes a content check of all the documentation, and a review of the mask files by the Fab.  The results of our mock tapeout are due back any minute now and so far it all looks good.

https://hashfast.com/countdown-to-tapeout/

How much did we lose on the Avalons?  

Where is eASIC's press release?

Will ACTM ever tape-out?  

Is there a problem with the BTC conversion?

Shareholders deserve real answers, not arranging the ACTM Cheerleader Squad into a human centipede and calling it a "Board."

iCEBREAKER
Chairman Emeritus

+1

[ffssixtynine]

Please ignore icebreaker's constant stirring.

[somestranger]

Please ignore icebreaker's constant stirring.

yuansuyi is a shill for Labcoin and seems like iCEBREAKER's apprentice anymore. Feel free to ignore them as well.

[VinceSamios]

Please ignore icebreaker's constant stirring.

yuansuyi is a shill for Labcoin and seems like iCEBREAKER's apprentice anymore. Feel free to ignore them as well.

lol labcoin - aka "oldskool asics R us"

[Vbs]

How much did we lose on the Avalons?  

Where is eASIC's press release?

Will ACTM ever tape-out?  

Is there a problem with the BTC conversion?

These are valid concerns with the influx of new ASIC manufacturers in the market.

Every day that passes ACTM loses their edge on quicker delivery.

There's been enough time now that we should have more information.

1) Avalons are not "lost", ActM just didn't receive them yet, same as everybody else, so the total network hashrate didn't increase as much as it could have if those chips had all been delivered to every Avalon customer.

2) eAsic's PR will be released as soon as possible ofc

3) ActM doesn't "tape-out" in the conventional IC serial development sense, wafer manufacturing can be started in paralell to chip design, this is one of the key eAsic advantages

4) Why should there be one? Signing a $1M deal is not flipping a switch.

[ffssixtynine]

This has all come up before and been answered where relevant and possible.

Interestingly, reading threads for other asic offerings you tend to find much the same issues, people arguing, people stirring, and problems with NDAs preventing information release. The moment more news comes out then the same people will continue to stir, it isn't going to stop.

These people are only interested in causing share price changes and problems (across multiple offerings, not just ActM) and are not interested in answers.

The only thing not already covered ad nauseam is Avalon - where IceB worded his question very deliberately to imply Avalon losses. Anything related to Avalon and ActM is complete public knowledge and relates to the original mining operation. Avalon appear to be on the move forwards again but time will tell.

For anyone who is worried about the lack of a press release (etc) at this point, we can only ask for your patience. If you don't want to be patient, please go ahead and sell your shares. I mean that positively - you bought them to make a profit and you can take that profit any time you like. If you bought at the original price, you'll have made a good profit already. If you haven't then read over the posts from PR or Ken himself then make up your own mind.

Those of us on the advisory board would not have agreed to be on it if we weren't convinced of the current direction. We are not 'fans' and this isn't a football match, it's a business.

Finally, I'm not a 'fan' of any asic company, for me this has always been a business decision. All the asic IPOs have risks associated with them, however. All, including ActiveMining, need to prove they can deliver. For me, the association with eASIC is key.

Make up your own minds by reading the facts, don't let anyone muddy your thinking (on either side of the coin). This is real money you're investing.

IceB et al continue to make the same old attacks: http://www.skepdic.com/ticriticalthinking.html

[VinceSamios]

How much did we lose on the Avalons?  

Where is eASIC's press release?

Will ACTM ever tape-out?  

Is there a problem with the BTC conversion?

These are valid concerns with the influx of new ASIC manufacturers in the market.

Every day that passes ACTM loses their edge on quicker delivery.

There's been enough time now that we should have more information.

1) Avalons are not "lost", ActM just didn't receive them yet, same as everybody else, so the total network hashrate didn't increase as much as it could have if those chips had all been delivered to every Avalon customer.

2) eAsic's PR will be released as soon as possible ofc

3) ActM doesn't "tape-out" in the conventional IC serial development sense, wafer manufacturing can be started in paralell to chip design, this is one of the key eAsic advantages

4) Why should there be one? Signing a $1M deal is not flipping a switch.

1.) Lost regarding revenue, not "where are the chips". The hashrate increased a lot more than I think people expected from "Non-Avalon" related miners coming online. Also I believe this was supposed to generate more revenue for ACTM and help with costs (Is ACTM doing alright without this?) Also where (Or near where) on this list is ACTMs Chips https://docs.google.com/spreadsheet/ccc?key=0AiLYkKIHJaIsdHpIaGdUOWRYVUdncTNpNlVKbVhCbEE#gid=0 This should give us a more definitive answer as to when chips should come.

I understood this was part of SteamBoat Batch 1 - or line 25 - but I really am only working from a messy memory there.

[kleeck]

How much did we lose on the Avalons?  

Where is eASIC's press release?

Will ACTM ever tape-out?  

Is there a problem with the BTC conversion?

These are valid concerns with the influx of new ASIC manufacturers in the market.

Every day that passes ACTM loses their edge on quicker delivery.

There's been enough time now that we should have more information.

1) Avalons are not "lost", ActM just didn't receive them yet, same as everybody else, so the total network hashrate didn't increase as much as it could have if those chips had all been delivered to every Avalon customer.

2) eAsic's PR will be released as soon as possible ofc

3) ActM doesn't "tape-out" in the conventional IC serial development sense, wafer manufacturing can be started in paralell to chip design, this is one of the key eAsic advantages

4) Why should there be one? Signing a $1M deal is not flipping a switch.

I appreciate your answer, but your tone seems worn down and angry. I'm not the enemy like you consider iCEBREAKER, but I won't blindly defend a company while others rise around them.

1.) Lost regarding revenue, not "where are the chips". The hashrate increased a lot more than I think people expected from "Non-Avalon" related miners coming online. Also I believe this was supposed to generate more revenue for ACTM and help with costs (Is ACTM doing alright without this?) Also where (Or near where) on this list is ACTMs Chips https://docs.google.com/spreadsheet/ccc?key=0AiLYkKIHJaIsdHpIaGdUOWRYVUdncTNpNlVKbVhCbEE#gid=0 This should give us a more definitive answer as to when chips should come.

2.) I'd like an official statement on this.

3.) This is common knowledge, please don't assume that because we ask question we must be stupid. You know exactly what is meant when the word "Tape-out" is used with regarding ACTM.

4.) It's been about 3-4 Weeks now, I don't think anyone is saying it is easy as flipping a switch but enough time has passed now that it should be done or close.

We don't need Fluff in this thread, we need hard facts even if the answers are not what shareholders want to hear.

I'd rather have a "I don't know" than an answer that provides no substance or a speculated answer.

There are people interested in buying more shares but it's been so quiet lately and with the Avalon Delays having working Avalon "Boards" ready isn't very exciting (Group buys have had these ready for weeks now).

I have a substantial amount of shares and would love to see the price go up but the price won't go up until the speculation is gone and facts are put on the table. We need an updated timeline based on current situations.

His "tone"? He posted an informative response to the offered questions. I'd avoid trying to deduce "tone" from a clear response.

[Vbs]

I appreciate your answer, but your tone seems worn down and angry. I'm not the enemy like you consider iCEBREAKER, but I won't blindly defend a company while others rise around them.

1.) Lost regarding revenue, not "where are the chips". The hashrate increased a lot more than I think people expected from "Non-Avalon" related miners coming online. Also I believe this was supposed to generate more revenue for ACTM and help with costs (Is ACTM doing alright without this?) Also where (Or near where) on this list is ACTMs Chips https://docs.google.com/spreadsheet/ccc?key=0AiLYkKIHJaIsdHpIaGdUOWRYVUdncTNpNlVKbVhCbEE#gid=0 This should give us a more definitive answer as to when chips should come.

2.) I'd like an official statement on this.

3.) This is common knowledge, please don't assume that because we ask question we must be stupid. You know exactly what is meant when the word "Tape-out" is used with regarding ACTM.

4.) It's been about 3-4 Weeks now, I don't think anyone is saying it is easy as flipping a switch but enough time has passed now that it should be done or close.

We don't need Fluff in this thread, we need hard facts even if the answers are not what shareholders want to hear.

I'd rather have a "I don't know" than an answer that provides no substance or a speculated answer.

There are people interested in buying more shares but it's been so quiet lately and with the Avalon Delays having working Avalon "Boards" ready isn't very exciting (Group buys have had these ready for weeks now).

I have a substantial amount of shares and would love to see the price go up but the price won't go up until the speculation is gone and facts are put on the table. We need an updated timeline based on current situations.

My tone is not worn down or angry, if anything it's "tired" of repeating the same information. I don't cultivate enemies and certainly Icebreaker is not my enemy. I focus on discussing points, not persons.

1) "Lost regarding revenue" was exactly what I addressed. ActM is not receiving revenue from them, same as the rest of Avalon buyers, so the network total didn't also rise from everyone receiving those chips. It's all relative.

3) This is not common knowledge it seems. Anyone that really knows eAsic's process knows that "tape-out" is a non-issue. It does not represent any kind of bottleneck and it's achievement is mostly irrelevant on the overall pipeline. The chip design is not part of their critical path for manufacturing.

2) and 4) are still under NDA, so while you may not like it (understandable) there's really not much more to be said until the light goes green.

[Stuartuk]

1.) Lost regarding revenue, not "where are the chips". The hashrate increased a lot more than I think people expected from "Non-Avalon" related miners coming online. Also I believe this was supposed to generate more revenue for ACTM and help with costs (Is ACTM doing alright without this?) Also where (Or near where) on this list is ACTMs Chips https://docs.google.com/spreadsheet/ccc?key=0AiLYkKIHJaIsdHpIaGdUOWRYVUdncTNpNlVKbVhCbEE#gid=0 This should give us a more definitive answer as to when chips should come.

2.) I'd like an official statement on this.

3.) This is common knowledge, please don't assume that because we ask question we must be stupid. You know exactly what is meant when the word "Tape-out" is used with regarding ACTM.

4.) It's been about 3-4 Weeks now, I don't think anyone is saying it is easy as flipping a switch but enough time has passed now that it should be done or close.

You won't blindly defend a company fair enough but you will make the most ridiculous of demands and ask naive and ill thought out questions.

1) What exactly are you looking for? A figure in FIAT? It is blatantly obvious we have a delay with this supplier. What do you expect ACtM to do about it??? Do you want Ken to come on and say we have X amount of cash tied up with Avalon and no set delivery date? What does that achieve? It's OBVIOUS to everybody that is the case, he can do nothing about it, what is the point in him stating the OBVIOUS? By asking for this you want him to give out commercially sensitive info (cost of our Avalon order) but to settle what question? ACtM have no funding issues that we are aware of so where is your 'problem' about 'lost' revenue coming from? We will not know the theoretical loss in mining revenue from the delay until after the chips are delivered and even then what on earth would be the point in calculating how much we should have/could have/would have made???

2 This has been done TO DEATH. You are NOT getting an official statement on the eASIC deal until eSAIC give the go ahead now GET OVER IT.

3) You got a fair answer and choose to ignore the implications - once eASIC start on it the process will be super quick so comparing it to other competitors in the Tape out stage is like comparing apples and oranges.

4) It isn't done yet is the assumption to make. Do you want to know if it is or isn't done? Well tough lucky buddy that's commercially sensitive info. The less is said about that issue the more advantage we have over the competition. Ken and PR have both said it's in hand, that things are progressing well and we need to be patient and wait for the news - why don't you give that a try?

To save you from anymore misjudgement, my TONE here is one of ANGER and FRUSTRATION and INCREDULITY.

Please have a think before you post another set of demands for answers to commercially sensitive date. Better still why not fire off a similar request for funding and partnership info to Microsoft and see how far you get with the most successful outfit on the planet.