[ActiveMining] The Official Active Mining Discussion Thread

[LorenzoMoney]

Sadly, StuartUK takes himself quite seriously and believes he is doing good and is supporting ActM.

I swear this stuartUK kid has to be trolling. I've never seen someone post in such a vile, immature way, all the while touting his own ability to predict/speculate/know it all. His account is barely older than Actm (which 'm pretty sure was his first investment in the btc world). His posts have got to be a joke.

Check out his posts in the Labcoin thread if you haven't already.

I'm sure it's entertaining, i only catch the sporadic idiocy he posts here when i visit the thread biweekly.

[kingcrimson]

At least someone is fighting against the blatant trolling in ActM. I personally put them on ignore, but it is satisfying that he's able to embarrass them so easily.

[iCEBREAKER]

It's not a situ that can continue any longer IMHO (because he needs some press coverage as well as long term shareholders being unhappy about lack of information) and we've made that clear. Ken is not the best at handling the public side of things as we all know and tends to focus on his engineering.

It's a holiday in the US Monday but tues onwards we'll continue to push him daily to ensure he is chasing it up as his highest priority. We want to see this put to bed within the next week or so but it's not down to us.

Any progress yet?

Progress is under NDA.  Cheer louder and buy more, or GTFO.

If you like insider trading, get 100k shares and join the Board of Ultimate Uselessness.

[Mabsark]

At least someone is fighting against the blatant trolling in ActM. I personally put them on ignore, but it is satisfying that he's able to embarrass them so easily.

The only person Stuart managed to embarrass was himself and we all had a laugh at him.

[iCEBREAKER]

At least someone is fighting against the blatant trolling in ActM. I personally put them on ignore, but it is satisfying that he's able to embarrass them so easily.

The only person Stuart managed to embarrass was himself and we all had a laugh at him.

^^^This is true.  I was there and saw/participated in it.   

Where is VE BTW?       

[zumzero]

Good work guys! That Stuart guy deserves a frikin medal for his efforts and all you lot can do is feed him to the wolves! If you are offended by strong language then don't frequent unmoderated forums!

[iCEBREAKER]

Good work guys! That Stuart guy deserves a frikin medal for his efforts

Which sock most deserves this?

Stuart?  Zumzero?  Volcanic?

[Plazma]

How is icebteaker not banned for spam

[EskimoBob]

Good news everyone!

It will take at least another 50 pages, before you guys realize, it's time to close this idiotic thread and replace it with official announcement ONLY thread.

This was from page 193 and we are at 273. Disappointed indeed. You morons have produced 80 pages of useless drivel and demonstrated your illiteracy in finance, investing and management in every imaginable way. Looks like we have two types of cheerleaders -  confused fan-boys aka "cheerleaders A" and confused trolls aka "cheerleaders B".  

I must say, this is like a retarded cheerleaders convention. Maybe you guys ( iCEBREAKER, Stuartduck, Mabsark and the rest of you) should give each other few medals and fuck off for good. How about trolling ASICmining? They have 600+ pages of mostly useless blabberings - it almost begs for your worthless input.

Now, lets get back to the topic.
Ken, have you started to negotiate the NDA, used so well to keep us all in the dark?
BTW, 15th is coming up. You promised to publish financial statements on 15th of every month. I still do not see the July statement. Can this 1 million dollar Co make it happen this month?

I bet I am not the only one, who likes to see the following
(as requested previously)

1) updated roadmap
2) high level project plan (task list, back log or what ever you like to call it) with milestones, dates and cost estimates
3) detailed, short term project plan with milestones, dates and cost estimates
4) regular updates to 1-3
5) financial statements like CF, PL
6) update balance sheet

And pleas, do not tell us you can not do it because of that NDA. This is bull shit and you know it.
Compile requested documents and get a fkn approval form eASIC. Daaaa....

[stereotype]

Simply.......



KEN?

[zumzero]

Bob. No one is expected to be as skilled in finance as you because we are all Bitcoin early adopters.  I know nothing of stock markets but am trying to learn and Im sure Im not the only one.

If anyone wants to call me a sock (whatever that means) or a cheerleader that's fine.   All I'm trying to do is share my excitement and positivity about this company on a thread which sees a coordinated attempt to undermine it on a daily basis.

[Vbs]

Bitfury chips require cooling to operate at acceptable levels, you can check their thread for info on that, for example, https://bitcointalk.org/index.php?topic=228677.msg2974755#msg2974755 and https://bitcointalk.org/index.php?topic=228677.660 or https://bitcointalk.org/index.php?topic=228677.msg3067513#msg3067513

Labcoin chips have very different heat dissipation requirements than Avalon chips.

Avalon chips at 300MH/s would dissipate 1.98W in a 7x7mm area, i.e., 1.98/(7*7) = 0.0404 W/mm^2, while Labcoin chips need 12.8/(6.5*6.5) = 0.3030 W/mm^2.

This means that a Labcoin chip needs a cooling solution that is 7.5x more efficient in removing heat than one for an Avalon chip.

VBS coming out with the hard facts as always, love it. Can you estimate the W/mm^2 for the eAsic chips, or do we lack enough specs to calculate it?

Obviously not.  NDA, remember?  Although likely their dies will be huge because of their FPGA->ASIC process, so the W/mm² should be pretty low.  

The problem, of course, is that the $/chip will be pretty high.

Using as reference the Nextreme-2 N2X740 (largest number of eCells), on a FC672 (27×27mm) package and Ken's GH/s/W quoted on the pcie cards on the website, let's say 12.5W per chip. 12.5/(27*27) = 0.0171W/mm², 42% less than one Avalon chip.

$/chip is a fallacy, as it's $/GH/s that matters, not $/chip.

The issue is that while a 28nm wafer cost is higher than for older tech,


the actual price per transistor (x'tor) is lower, since each wafer can now hold much more (smaller!) transistors:


Even in eAsic's website you can see that the price on their Nextreme product line keeps decreasing with volume, at 300-900k units the price per unit is already ~25% lower than initial.

[ffssixtynine]

OT: Don't upgrade Google Authenticator on iOS or you'll lose your data!

Suggested fix: https://bitcointalk.org/index.php?topic=287459.msg3077955#msg3077955

[BitcoinForumator]

Good news everyone!

It will take at least another 50 pages, before you guys realize, it's time to close this idiotic thread and replace it with official announcement ONLY thread.

This was from page 193 and we are at 273. Disappointed indeed. You morons have produced 80 pages of useless drivel and demonstrated your illiteracy in finance, investing and management in every imaginable way. Looks like we have two types of cheerleaders -  confused fan-boys aka "cheerleaders A" and confused trolls aka "cheerleaders B".  

I must say, this is like a retarded cheerleaders convention. Maybe you guys ( iCEBREAKER, Stuartduck, Mabsark and the rest of you) should give each other few medals and fuck off for good. How about trolling ASICmining? They have 600+ pages of mostly useless blabberings - it almost begs for your worthless input.

Now, lets get back to the topic.
Ken, have you started to negotiate the NDA, used so well to keep us all in the dark?
BTW, 15th is coming up. You promised to publish financial statements on 15th of every month. I still do not see the July statement. Can this 1 million dollar Co make it happen this month?

I bet I am not the only one, who likes to see the following
(as requested previously)

1) updated roadmap
2) high level project plan (task list, back log or what ever you like to call it) with milestones, dates and cost estimates
3) detailed, short term project plan with milestones, dates and cost estimates
4) regular updates to 1-3
5) financial statements like CF, PL
6) update balance sheet

And pleas, do not tell us you can not do it because of that NDA. This is bull shit and you know it.
Compile requested documents and get a fkn approval form eASIC. Daaaa....

I have to repeat this. These are legit concerns and requests.

[fallensound]

Ken, please disregard all requests for shareholder information above and just f'ing get it done. Share price doesn't matter now, the only thing that matters is getting the boards out as soon as possible.

Wasting time placating people will get you no closer to the goal.

Those of us that think using easic tech is a brilliant move and realise that your time is better spent getting shit done than talking about getting shit done will buy up all the low shares

[wasubii]

Frankly it's astonishing to see such a high number of trolls and fudsters.
If, as they suggest, this ship is going down then why are they present in such numbers?
They aren't populating other threads in this way which leads us to one conclusion.

ActM and it's prospects are to be taken seriously.

Not astonishing considering they are the best fed trolls and fudsters, ever. Have to question the definition of WHO is a troll, reading this thread.

 

Yes - exactly! The guys feeding the trolls are only adding to the playground-esque, turd throwing, fud-fest that this thread has unfortunately degenerated into. Can we just use the ignore button and talk rationally and sensibly about what is going on.

[crumbs]

Heady times!  ActM & Labcoin neck-and-neck @.0035 on burnside's gameserver!
 

[wasubii]

All that matters is $/Gh and delivery date. 130nm chips may pay for themselves within a month if they're all up and running by the end of October. 28nm chips may never pay for themselves if they're delivered in February.

GH/W is just as important. If it takes 4x as much power to get the same hashrate then there are going to be issues scaling to compete with companies producing lower power chips. This is likely the reason that ASICMINER is having so much difficulty expanding beyond ~50TH/s -- the amount of power infrastructure required to expand becomes enormous, and LABCOIN will likely face the same issue after its first 50TH/s is deployed.

I live in China - there was a bitcoin documentary on one of the state run 'CCTV' channels a while back and they interviewed people 'familiar with' the operations at ASICminer. Their private fundraising presentation talked about not expanding past 30% hash share so that they didn't undermine bitcoin itself. Imagine if they had 60% of the hash rate, people would be running around claiming the end was nigh because the chinese now 'controlled' bitcoin. What do you think that would do to the market confidence in bitcoin and hence the USD rate?

I'm not usually one for wild predictions but i imagine that as the network hash rate grows, ASICminer has the chips ready to deploy to maintain their market share - if something is profitable you can always find way to support the 'power infrastructure' - there a tons of server farms in china! And anyone who thinks ASICminer only has 130nm chips ready to deploy is just kidding themselves.

The fact that they have chosen to hover around 30% hash share just shows that they want bitcoin to be a strong network with more than a monopoly controlling it - something that would only hasten the demise of the golden goose! A smart, long term move if you ask me.

[ffssixtynine]

1) updated roadmap
2) high level project plan (task list, back log or what ever you like to call it) with milestones, dates and cost estimates
3) detailed, short term project plan with milestones, dates and cost estimates
4) regular updates to 1-3
5) financial statements like CF, PL
6) update balance sheet

1) Spoken to Ken about this. Some dates have been updated on the website but there is more to be done.

2 and 3) You're not going to get these as you're not a private investor. If it were my company, I'd certainly consider that proprietary information and would not disclose it. We know for sure that Ken isn't going to release these details.

Additionally, I can tell you 100% that much of this IS COVERED by the NDA and that's not unusual. Virtually all of my NDAs/Contracts consider milestones, dates and cost estimates strictly confidential.

That said, we're on at Ken to get some things excused from the NDA with regard to dates (at least as estimates) as they're important.

4) With regard to (1), yes. There is a balancing act to play with regard to timing of information release and it's one that's going on with competitors. VMC/ActM are poor in this regard.

5/6) I know this is Bitcoin but some of this you're not going to get all of that, or frequently, and nor should you as you're not a private investor. However, there are supposed to be some monthly accounts and ActM are definitely behind on this (in time and quality). They've ended up low priority compared to everything else so we're doing what we can to get that up the priority list. No excuses from us, we also think it needs to be sorted.

In summary, if you were a private investor then you're asking fair questions. However, you are not and much of your list just isn't suitable. Where they are, I've covered them where I can and I'm certainly not going to defend the situ on monthly statements or the roadmap (although this genuinely has been affected by the NDA).

[stslimited]

bitfunder is annoying