[ActiveMining] The Official Active Mining Discussion Thread

[iCEBREAKER]

over 100k shares dumped in last hour or so - down to .15 on BF now

Uhhh... Yeah. We know.

Why is the market valuing ACTM at the same PPS as before the eASIC announcement?

Is it because their 20GH SX chips can't compete with the 500GH full custom monsters from HashFast and KnC which are being/have been fabricated?

Or because their lulzy "Board of Groupthink" imploded in a particularly hilarious manner?

Maybe ACTM's core competency is not ASICs, but logo creation?   

[VolanicEruptor]

over 100k shares dumped in last hour or so - down to .15 on BF now

Uhhh... Yeah. We know.

Why is the market valuing ACTM at the same PPS as before the eASIC announcement?

Is it because their 20GH SX chips can't compete with the 500GH full custom monsters from HashFast and KnC which are being/have been fabricated?

Or because their lulzy "Board of Groupthink" imploded in a particularly hilarious manner?

Maybe ACTM's core competency is not ASICs, but logo creation?   

Thanks for giving me the opportunity  to post this again!
http://mining.thegenesisblock.com/

Currently, VMC machines are cheaper with an earlier delivery date.  Fail again, crumby. 

[Vigil]

It would be nice if ActM would release something positive. With how fast things move in the bitcoin world it makes no sense to hold a stock or really any position for any longer than you can flip it for a profit.

[chairforce1]

patience

[thefunkybits]

We need to get the word out about the machines, more advertising perhaps

[neilol]

We need to get the word out about the machines, more advertising perhaps

John Connor?

[VolanicEruptor]

We need to get the word out about the machines, more advertising perhaps

John Connor?

This reminds me.. a T1000 is much more effective when it takes you by surprise.     Wasn't John's mom expecting an old T150?   

[Vigil]

Ken, prepare the HashMaster TTTurbo Mode announcement.

[thefunkybits]

Some questions that I would love to be answered:

How many sq. ft. does Actm current hold?
How many 24TH rigs are going to be able to put in the space that we own?
Are there plans for expansion of warehouses?

An updated timeline of hashpower deployment would be nice as well

[WildFire.ca]

When are we planning to take BTC on the VMC site. It's a little odd that people that have mined coins can not spend them on the VMC site. Bitpay should be implemented.

[ffssixtynine]

BTC is accepted but it's not obvious until you check out.

[WildFire.ca]

BTC is accepted but it's not obvious until you check out.

I didn't know that, thanks.

[drawingthesun]

ETA until first test chips are hashing?

[redphlegm]

It would be nice if ActM would release something positive. With how fast things move in the bitcoin world it makes no sense to hold a stock or really any position for any longer than you can flip it for a profit.

The truth is that I don't think Ken cares how temperamental the market is.

[kleeck]

Some questions that I would love to be answered:

How many sq. ft. does Actm current hold?
How many 24TH rigs are going to be able to put in the space that we own?
Are there plans for expansion of warehouses?

An updated timeline of hashpower deployment would be nice as well

I just sent Ken a detailed message regarding information for the coming phases. See below. I'll post the reply if he sends me anything.

Ken,

I've made my rounds with a few of the larger holders I've come to know in the ActM community and I've come across a few of the same questions/concerns over and over. I thought I'd just write you, as they all seemed to think it fruitless to even inquire. I'm not asking for a direct answer here necessarily, though if you do give me one I will immediately post it to the forums, but these questions would be good to publicly answer.

1. Is there a certain amount of money that MUST be made in sales in order for ActM to move on to assembling devices? There have been rumors that two million is needed to move forward according to plan. Is this the case?

2. Given that we have missed out on early profits due to poor pricing, and that those profits have been taken by competitors, do you have any plans to get ActM caught up to the pack? ~$90K is a terribly small number of sales in the face of $17M between CoinTerra and Hashfast (http://thegenesisblock.com/cointerra-and-hashfast-sell-17m-of-bitcoin-miners-open-second-batch-sales/). Could you address this?

3. Now that the eASIC deal is behind us, could you outline the plan moving forward for assembling the miners? What is your process? How many staff will you have on hand? Where will this be done (I know you've mentioned "the warehouse" in the past, is that it?)

4. Further, could discuss how ActM is going to set itself apart when it comes to shipping devices? Shipping reliability is critical, as you know, and it would be a confidence booster to hear a thoughtful process has been devised.

As you can see, there is a lot of unknowns, even among some of your biggest shareholders. We would like all the dots connected, and to see the plan that you have come up with laid our in a clear way for us. Is there anything you can do to relay what you have in store for these coming phases?

Thanks for your time,
Kleeck

[iCEBREAKER]

Some questions that I would love to be answered:

How many sq. ft. does Actm current hold?
How many 24TH rigs are going to be able to put in the space that we own?
Are there plans for expansion of warehouses?

An updated timeline of hashpower deployment would be nice as well

I just sent Ken a detailed message regarding information for the coming phases. See below. I'll post the reply if he sends me anything.

Ken,

I've made my rounds with a few of the larger holders I've come to know in the ActM community and I've come across a few of the same questions/concerns over and over. I thought I'd just write you, as they all seemed to think it fruitless to even inquire. I'm not asking for a direct answer here necessarily, though if you do give me one I will immediately post it to the forums, but these questions would be good to publicly answer.

1. Is there a certain amount of money that MUST be made in sales in order for ActM to move on to assembling devices? There have been rumors that two million is needed to move forward according to plan. Is this the case?

2. Given that we have missed out on early profits due to poor pricing, and that those profits have been taken by competitors, do you have any plans to get ActM caught up to the pack? ~$90K is a terribly small number of sales in the face of $17M between CoinTerra and Hashfast (http://thegenesisblock.com/cointerra-and-hashfast-sell-17m-of-bitcoin-miners-open-second-batch-sales/). Could you address this?

3. Now that the eASIC deal is behind us, could you outline the plan moving forward for assembling the miners? What is your process? How many staff will you have on hand? Where will this be done (I know you've mentioned "the warehouse" in the past, is that it?)

4. Further, could discuss how ActM is going to set itself apart when it comes to shipping devices? Shipping reliability is critical, as you know, and it would be a confidence booster to hear a thoughtful process has been devised.

As you can see, there is a lot of unknowns, even among some of your biggest shareholders. We would like all the dots connected, and to see the plan that you have come up with laid our in a clear way for us. Is there anything you can do to relay what you have in store for these coming phases?

Thanks for your time,
Kleeck

1. Can't say, that's under NDA.

2. Can't say, that's under NDA.

3. Can't say, that's under NDA.

4. Can't say, that's under NDA.

Also, details about square footage of the Wherehouse and Buttcave are Top Secret NDA.

You need to stop asking so many questions, buy more shares, and cheer louder!

[drawingthesun]

You need to stop asking so many questions, buy more shares, and cheer louder!

Actually Ken doesn't seem to care so much about people buying shares, the share price in general and people cheering. This is probably a good thing.

I think Ken cares a lot about the company and knows he can't do much until the first chips come in. So until then there really is not so much to be done (except make the website quality on par with our competitors)

So the real question is, when do we get the first chips?

[VolanicEruptor]

It's time for us to start helping him with marketing.  Get involved in the hardware discussion threads and mention the machines, rather than hanging out in bitcoin securities threads.  We need to advertise the product, not the stock.  Get out there, make some new threads, and get people talking.

[drawingthesun]

It's time for us to start helping him with marketing.  Get involved in the hardware discussion threads and mention the machines, rather than hanging out in bitcoin securities threads.  We need to advertise the product, not the stock.  Get out there, make some new threads, and get people talking.

I do agree, but its kinda hard because the entire community has been burned by pre-orders so many times.

We really need the first chips before we can even accurately price the machines.

[kslaughter]

It's time for us to start helping him with marketing.  Get involved in the hardware discussion threads and mention the machines, rather than hanging out in bitcoin securities threads.  We need to advertise the product, not the stock.  Get out there, make some new threads, and get people talking.

Good idea!