[ActiveMining] The Official Active Mining Discussion Thread

[Ytterbium]

Very disappointing to see that after purchasing my logo they decided to turn it from this:



Into this abomination:



1990 called, they want their logo back guys. It'd be very interesting to see how much the developer Ken hired who bought the logo from me was paid for this, I'd be willing to wager it was significantly more than I received.

Top logo 8/10
Bottom logo 3/10

What an injustice.

Ugh, these people do not understand the concept of perspective.  The 'F' Is flat, but it's superimposed on isometric blocks.  Seriously. What?

In their photoshopped "fast hash" cards the the text was not aligned at all.

This is a company supposedly worth millions (according to the exchanges, anyway).  Yet they can't manage to do basic graphic design right.

Good design can help sales. Just look at xCrowd.  An obviously phony company - yet many people fell for it on the basis of their quality design work.

HashFast and cointerra both use simple, clean designs on their sites.  Labcoin's site was pretty clean and well designed as well. VMC's new site is a little better. But really, this image is a bit ridiculous to put on their front page:

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[stereotype]

I wish they had some guys on the advisory board with actual real life experience in project management, finances and running a real life business. So far, they are either clueless or just can not get their point across the table - a.k.a inexperienced a.k.a clueless. or they just do not give a shit... as simple as that. Sorry, but as of now, I have no reason to believe otherwise.

The guys on the board do have experience thank you, but we do not run ActiveMining.

You need to stop confusing us with the company management. If you have issues with Ken's business skills, you need to take it up with Ken and not us.

He has a PR guy. If this guy is sitting on his hands and waiting for engineering or management to spoon feed him news... LOL, he has obviously never done this job for a real life company. Keeping a blog will not make anyone into a journalist or PR expert. It's his job to squeeze the management for news. Not us, VC's! (Yes, I called all the shareholders VC

BTW, what happened in last "Monthly Shareholder Meetings"  (see https://bitcointalk.org/index.php?topic=254930.0)

He doesn't have a PR guy. Streets had volunteered to post under the PR account because Ken's not very good at expressing himself but at no point was he anything to do with strategy or hired help. We've asked Ken to hire a PR guy and are busy chasing that one up. He's stupidly busy at the moment and needs some professional help. This is also why we can't organise any meetings at the moment.

re: Logo. We bought the original one but VMC chose to do their own. When it comes to web/branding, Ken goes his own way for better or worse.

Stupidly busy with what? Even though i believe that, there is absolutely no supporting evidence he is doing anything, as far as this thread is concerned. If your inward-facing other board members have communicated with Ken and his current activities, then lets hear it.
 

[EskimoBob]

What if we attempt to be more constructive?

At the moment, Actm need to clean up this PR mess. Clearing up this mess, will clear up a lot of other BS.

So, I propose the following (this is addition to what ever you guys are doing over there):

1  Make a short term list for the next 2 weeks (all tasks must be fully completed in next 2 weeks)  – [publishing date]
   1.1  get the accounting in order – [date]
      1.1.1  and publish financial statements – [date]
1.2  Get the project plan in order and give short but clear statement to shareholders (do not hide fuck up's)  successes, failures, status of failures as of now – [date]
   1.3  publish the updated roadmap for next 3 weeks – [date]
      1.3.1  and 3 months.  – [date]
  1.4  Publish a list potential risks involved at current stage and what is your estimate for those risks to materialize (0%-100%)

Can you do all that in one week?
(this is actually 1-2 days, with <40% workload, worth of work, unless this is the first time)

[stereotype]

What if we attempt to be more constructive?

At the moment, Actm need to clean up this PR mess. Clearing up this mess, will clear up a lot of other BS.

So, I propose the following (this is addition to what ever you guys are doing over there):

1  Make a short term list for the next 2 weeks (all tasks must be fully completed in next 2 weeks)  – [publishing date]
   1.1  get the accounting in order – [date]
      1.1.1  and publish financial statements – [date]
1.2  Get the project plan in order and give short but clear statement to shareholders (do not hide fuck up's)  successes, failures, status of failures as of now – [date]
   1.3  publish the updated roadmap for next 3 weeks – [date]
      1.3.1  and 3 months.  – [date]
  1.4  Publish a list potential risks involved at current stage and what is your estimate for those risks to materialize (0%-100%)

Can you do all that in one week?
(this is actually 1-2 days, with <40% workload, worth of work, unless this is the first time)

Seconded.

[VinceSamios]

Unfortunately so, they updated their site with this new logo a couple of days ago. I fully agree, Ken needs to either hire someone more competent with running the other facets of his business, or actually start listening to the board.

To reiterate, it's not a money or time thing to Ken, he is just happy with how his site and how it is performing.

I have an urge to speak to Ken and give him a little bit of reality.

[drawingthesun]

Well this security has lost so much money for me. I have no one to blame but myself.

Any ideas where this security will end up? Or are the prices we are seeing now the highest they will ever be?

[drawingthesun]

In total, around 6,377 GH/s, expected to be fully operational in the middle of August.

What happened to this 6TH/s?

[zefyr0s]

Are you kidding? How much do you know about the current state of Avalon and their shipments?

[drawingthesun]

Are you kidding? How much do you know about the current state of Avalon and their shipments?

Who are you replying to?

[zefyr0s]

Are you kidding? How much do you know about the current state of Avalon and their shipments?

Who are you replying to?

You! It was literally the line above the one you quoted.

• An order of 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s.

[drawingthesun]

Are you kidding? How much do you know about the current state of Avalon and their shipments?

Who are you replying to?

You! It was literally the line above the one you quoted.

• An order of 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s.

Oh thanks, so this was expected hash rate from Avalon chips not our own?

Have they always expected November for our own chips?

[zefyr0s]

Lol, np and yeah. The other I'm not too sure about. I only became interested in ActM shortly before the .008 spike.

[ffssixtynine]

Up to date summary schedule AFAIK:

Current
PCIE/USB boards for eAsic chips under development by specialized engineering firm
R&D on chip hashing/power improvements until metal layer sign off is needed

Scheduled
October: Sample chips & Low-volume process
Mid-November: High-volume process and Customer delivery (from mid-november onwards)

Unknown
Awaiting Avalon delivery for Klondikes

(the 20k avalon chips were cancelled)

Also, as a reminder, the first 0.0025 of shares will be repaid in full before ActiveMining take out any profit.

[drawingthesun]

Lol, np and yeah. The other I'm not too sure about. I only became interested in ActM shortly before the .008 spike.

On a time scale up to December what do you think the chances are the price will go above 0.007?

[drawingthesun]

Up to date summary schedule AFAIK:

Current
PCIE/USB boards for eAsic chips under development by specialized engineering firm
R&D on chip hashing/power improvements until metal layer sign off is needed

Scheduled
October: Sample chips & Low-volume process
Mid-November: High-volume process and Customer delivery (from mid-november onwards)

Unknown
Awaiting Avalon delivery for Klondikes

(the 20k avalon chips were cancelled)

Also, as a reminder, the first 0.0025 of shares will be repaid in full before ActiveMining take out any profit.

To be more exact, is ActiveMining essentially creating their own chips in the same way Labcoin and ASICMINER are?

We aren't doing an IceDrill and buying chips from another company?

[zefyr0s]

Up to date summary schedule AFAIK:

Current
PCIE/USB boards for eAsic chips under development by specialized engineering firm
R&D on chip hashing/power improvements until metal layer sign off is needed

Scheduled
October: Sample chips & Low-volume process
Mid-November: High-volume process and Customer delivery (from mid-november onwards)

Unknown
Awaiting Avalon delivery for Klondikes

(the 20k avalon chips were cancelled)

Also, as a reminder, the first 0.0025 of shares will be repaid in full before ActiveMining take out any profit.

Thanks, do you know or have an idea of what % of ActM's chips will be on the first order, as opposed to customers'?

[lewicki]

To be more exact, is ActiveMining essentially creating their own chips in the same way Labcoin and ASICMINER are?

We aren't doing an IceDrill and buying chips from another company?

Please read the first 2 posts of this thread. For someone who invested at ~.007 around a month ago, I think that it's about time that you put some effort into reading about your investment.

[zefyr0s]

That makes me wonder lewicki; I wonder if we'll start to see some broker's representing investments for the people who have coin but can't be bothered with trawling through 100's of pages of posts to get caught up on the current market. Or for people who are interested in bitcoin/securities but don't know where to start.

[ffssixtynine]

Thanks, do you know or have an idea of what % of ActM's chips will be on the first order, as opposed to customers'?

I don't know the answer to that and I believe that kind of data will be under NDA.

The chips are effectively ActiveMining/VMC's own, yes, and the firm doing the cards is also really good.

So the eASIC news was hugely important even if day traders have left ActM due to the lack of increasing divs in early Sept (Klondikes may actually be able to do their job soon apparently). Ken's adamant that the current products are just the start as well and he has more up his sleeve, but I know no more about that.

Loads of demand on BTCT but the shares on BitF are obscenely cheap given the guarantee. I'm still trying to get clearance from Ken for some share movement between exchanges as a limited one off - I know he doesn't want to do anything regularly though. Will report back if it can be done, otherwise assume not.

[zefyr0s]

Also did anyone else see this? eAsic recently completed a funding round for $23.5m. $3.5m over their goal of $20m.

http://www.easic.com/easic-raises-23-5m-of-growth-capital/