[ActiveMining] The Official Active Mining Discussion Thread

[Ytterbium]

there are several other companies planning on deploying large amounts of hashing power, PLANNING, when historically NOBODY has delivered on time. Not one single company. When Cointerra or Petamine *actually* do something, then evaluate your position in Activemining, but Activemining is still in a position to become or sell a large portion of the network.

The difference between ActM and Cointerra / Hashfast is that our competitors are confirmed to be at some stage of development with their chip design company.

We have confirmed that ActM is in dialogue with eAsic on some level, but nothing more concrete than that, and there has to be a reason for it. I have no doubt that Ken would release detailed information if he could, and companies generally have every motivation to issue a press release regarding new business, but eAsic is in a unique position right now.

They have just accepted a "strategic" investment from Seagate and have committed to working with them on custom chips, etc. In addition, it seems from the eAsic website that their 28nm product is relatively new, as the only mention of it is a graphic that offers the option to register for early access.

<Speculation>

My feeling for some time has been that eAsic simply has much larger priorities, and probably much larger customers waiting for development of new 28nm chips. The ActM account, while seemingly large in the bitcoin world must be practically insignificant when compared to enterprise level customers like Seagate. Therefore, they can't allow ActM to publicly disclose any details because it might cause difficulty with more important customers, etc.

If time wasn't absolutely of the essence, this might not be such a big deal, but with hashrate growing and competitors seemingly further along, this leaves ActM in a very precarious spot. It puts investors in an even worse position because not only do we have no idea when we might expect to be hashing, we really have no confirmation (even from Ken) that eAsic is actually under contract to produce the chips.

</Speculation>

I satisfied myself that ActM wasn't a "scam" before I invested, and that view hasn't changed. Unfortunately that doesn't at all mean we will actually have a product in time to make a decent return, and let's be honest, the lack of any confirmation that we're under contract to produce a chip adds a level of uncertainty to this investment that wasn't contemplated a month ago.

Sure, eAsic doesn't want to disclose much about it's 28nm technology. Probably because it's not very mature. For all we know, it might not work that well yet.

But whatever. The NDA shouldn't prevent anyone from talking about PCBs, pin-outs for the chip, packaging, facilities, and all the other thing that are going to be needed to get these systems up and hashing.

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[N_S]

You're probably the first person to consider that. 

[Pale Phoenix]

Sure, eAsic doesn't want to disclose much about it's 28nm technology. Probably because it's not very mature. For all we know, it might not work that well yet.

But whatever. The NDA shouldn't prevent anyone from talking about PCBs, pin-outs for the chip, packaging, facilities, and all the other thing that are going to be needed to get these systems up and hashing.

Well no, it shouldn't, and I'm certainly not arguing FOR the NDA blackout on other information. LOL

But (and I hate to even mention this explicitly, as it would be a worst case scenario), if Ken has no concrete production information from eAsic, he might be hesitant to move forward on any of the ancillary work.

[knybe]

Sure, eAsic doesn't want to disclose much about it's 28nm technology. Probably because it's not very mature. For all we know, it might not work that well yet.

But whatever. The NDA shouldn't prevent anyone from talking about PCBs, pin-outs for the chip, packaging, facilities, and all the other thing that are going to be needed to get these systems up and hashing.

Well no, it shouldn't, and I'm certainly not arguing FOR the NDA blackout on other information. LOL

But (and I hate to even mention this explicitly, as it would be a worst case scenario), if Ken has no concrete production information from eAsic, he might be hesitant to move forward on any of the ancillary work.

Hence (ICYMI):

We are allowed to confirm that the BTC were converted some time ago and the board designs are in progress. We are also restructuring our product
offerings and fixing issues on the website. We appreciate these have been
live updates which are not ideal, but this is due to a technical issue this
week that is yet to be resolved.

[Subcide]

You're right Kleeck.  Apologies.

[Stuartuk]

ok so everybody take a chill pill, take a deep breath and come back in a few days. log out for the weekend. nothing to see here, move along. ken will resume contact with easic in a few days. don't you people have homes to go to? pets to feed? wives to talk to, parents to tell what you did in school today?

[Pale Phoenix]

Hence (ICYMI):

We are allowed to confirm that the BTC were converted some time ago and the board designs are in progress. We are also restructuring our product
offerings and fixing issues on the website. We appreciate these have been
live updates which are not ideal, but this is due to a technical issue this
week that is yet to be resolved.

No, I saw that.

Anyway, I won't continue with this bit of speculation because I'm sure it's not doing my own portfolio any favors. I should be outside with beer and burger.

[zumzero]

Hire a troll.

Nuff said

[kingcrimson]

ok so everybody take a chill pill, take a deep breath and come back in a few days. log out for the weekend. nothing to see here, move along. ken will resume contact with easic in a few days. don't you people have homes to go to? pets to feed? wives to talk to, parents to tell what you did in school today?

Today in school, we bought dirt cheap shares

[bbxx]

ok so everybody take a chill pill, take a deep breath and come back in a few days. log out for the weekend. nothing to see here, move along. ken will resume contact with easic in a few days. don't you people have homes to go to? pets to feed? wives to talk to, parents to tell what you did in school today?

Today in school, we bought dirt cheap shares

some of cheap shares are worthless

[zumzero]

Hire a troll.

If I was paid to write that (and if you read my offer properly, you would guess that I'm not), it would mean someone values what I'm writing to the point of putting money in it.
So what was your point again, and does that makes what I'm saying invalid?

100% correct.  Your words are hollow given your history.  But listen, I'm not going to get dragged into a slagging match so I shan't be responding to you directly again.

[Ytterbium]

Hire a troll.

If I was paid to write that (and if you read my offer properly, you would guess that I'm not), it would mean someone values what I'm writing to the point of putting money in it.
So what was your point again, and does that makes what I'm saying invalid?

Well, right but the problem would be if "they" value it because it's causing the share price to drop so they can buy cheap shares.  or to help boost the price of competitors.

[LorenzoMoney]

Personally, I believe in the long term success of Active Mining.

The idea that subcontracting experts is worse than hiring a team is plainly stupid.
Many companies in the real world (non bitcoin world) subcontract parts manufacturing (Delco for instance) or design work to smaller companies.

In fact, by subcontracting, Ken is showing his intelligence because he does nothave to deal with the HR problems, gets the benefit of more people with more expertise than if he hired engineers.

The idea of subcontracting in order to gain expertise is actually something practiced by many large and successful companies.

I just want the people who do not believe in ActM to sell off their shares and allow those who have confidence to get them low.

Why, if you do not believe in the future of this company, would you even bother owning a piece of it  or complain so vociferously about it?
And why post the same complaints?  If you have shares of ActM on BF and want to get rid of them, please contact me privately and perhaps we can make a deal. I am interested in helping you reduce your anxiety and unhappiness, by taking the shares of ActM at the source of your distress from you.

[bbxx]

I got 220 satoshis per share
But i lost milions of satoshis in one day



Ken please say that you are not dead...

[redbeans2012]

I got 220 satoshis per share
But i lost milions of satoshis in one day



Ken please say that you are not dead...

Sorry thats under NDA

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Personally, I believe in the long term success of Active Mining.

The idea that subcontracting experts is worse than hiring a team is plainly stupid.
Many companies in the real world (non bitcoin world) subcontract parts manufacturing (Delco for instance) or design work to smaller companies.

In fact, by subcontracting, Ken is showing his intelligence because he does nothave to deal with the HR problems, gets the benefit of more people with more expertise than if he hired engineers.

Ken is showing his intelligence by farming out all the work?
Deciding not to hire people?
Failing at PR?
What, exactly, is his value to ActM again?

What, exactly, *is* ActM   A guy who collects your monyz and passes some of it on to other, capable people?

[LorenzoMoney]

Hmmmmm..... Ukyo has corrected and fixed any problems I have brought to him within a few hours.
BF is great because of the availability of Ukyo, so yoru claim is silly.

Troll much?

The idea that subcontracting experts is worse than hiring a team is plainly stupid.

Efficiency is certainly not my experience of subcontracting, and I have been on both sides.
And what is absolutely certain is that when you subcontract, you're not going to be on time.

Moreover, your examples tend to focus on big companies who subcontract: yeah, that's because they are bureaucratic inefficient bloated nightmares and do it because they have no other way. But how is that relevant in this case?

Why, if you do not believe in the future of this company, would you even bother owning a piece of it  or complain so vociferously about it?
And why post the same complaints?  If you have shares of ActM on BF and want to get rid of them, please contact me privately and perhaps we can make a deal. I am interested in helping you reduce your anxiety and unhappiness, by taking the shares of ActM at the source of your distress from you.

But I never had a share, and never will.
Nor would I give any bitcoin to BitFunder, if I could anyway (not working due bad code on WeExchange and no response for support, that tells me to stay away forever).

[coinfresh]

But I never had a share, and never will.

Then why are you in this thread? Don't you have better things to be doing?

[Vbs]

Sure, eAsic doesn't want to disclose much about it's 28nm technology. Probably because it's not very mature. For all we know, it might not work that well yet.

But whatever. The NDA shouldn't prevent anyone from talking about PCBs, pin-outs for the chip, packaging, facilities, and all the other thing that are going to be needed to get these systems up and hashing.

I see that after a week out the thread didn't move much!

eAsic's 28nm not very mature? Lol! eAsic has been working on 28nm at least since 2010. Also, Seagate just announced their investment with them on the 28nm tech, but of course, what would Seagate know, right?

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eAsic's 28nm not very mature? Lol! eAsic has been working on 28nm at least since 2010. Also, Seagate just announced their investment with them on the 28nm tech, but of course, what would Seagate know, right?

I see the Seagate deal isn't hushed by a NDA, Y U think that is