[ActiveMining] The Official Active Mining Discussion Thread

[kleeck]

Anyone else tracking and counting down posts until the PR account is out of noobville? By my count it is now able to post anywhere.

[grimholt]

This thread got boring pretty quick. Can't wait for some actual news so we can stop talking trollbox stuff.

So what can we expect this month? (Aug)

1) eAsic confirmation
2) Avalon chip shipment/build-out
3) ?

1) eAsic confirmation
2) Avalon chip shipment/build-out
3) ??
4) Profit

[LorenzoMoney]

These are the people who should be on the board of ActM:

ActiveMining   101,210   1FT7S7rxytK5DR7Rc7MAy3E6ijJHFj6yMx
ActiveMining   101,528   12ReWsanTsbWGxrRqgoRijJcRr74Duj6h6
ActiveMining   101,529   1HEEyQqdjUjz2ZBBxYNDSo2Sp2GPmvYexm
ActiveMining   105,296   17RkeE8sC75VVknnLjQtF6HHe7QfvJ7usg
ActiveMining   110,041   11128WoN565mVBD6upS5hwkBFkrncntJRX
ActiveMining   129,722   1Jzhrg2SYQcV7QZQU62Fef1K2zW9bMfF92
ActiveMining   131,722   1Gphg5x9zTk1MNVDjwKm9c2MSH73K4GAhX
ActiveMining   137,298   1EvTU1PFqAF6n3qXemeUXVTKbEFy5Rvaz4
ActiveMining   143,420   13DzTjabVGGN64Rc8V7tAkSZJ7BHUxuQqY
ActiveMining   152,724   1Pn9fHiHJsgBgbYf1rksof2xRRDZLrzW6q
ActiveMining   158,116   17vccqmnhJGZri6LWtRhJgta9yeKpns8TS
ActiveMining   168,453   1NAZhPAhVKNbek9rgXSTjk2v5FXuyGPqsS
ActiveMining   214,775   1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
ActiveMining   242,624   1NJ4H2SMH4kaKXGFDQzCiJAYmYkWLatMxW
ActiveMining   259,109   1LKSeSk8cE2hEPGPs4Chx7EsGa5KuAwmDQ
ActiveMining   641,030   1PHTa8x3Jo4nowjNDVLFxfpCtnE1Lasmgw

This list is from BitFunder and surely there are over 100K share holders on the other exchanges.

Don't you boys agree?

[kleeck]

These are the people who should be on the board of ActM:

ActiveMining   101,210   1FT7S7rxytK5DR7Rc7MAy3E6ijJHFj6yMx
ActiveMining   101,528   12ReWsanTsbWGxrRqgoRijJcRr74Duj6h6
ActiveMining   101,529   1HEEyQqdjUjz2ZBBxYNDSo2Sp2GPmvYexm
ActiveMining   105,296   17RkeE8sC75VVknnLjQtF6HHe7QfvJ7usg
ActiveMining   110,041   11128WoN565mVBD6upS5hwkBFkrncntJRX
ActiveMining   129,722   1Jzhrg2SYQcV7QZQU62Fef1K2zW9bMfF92
ActiveMining   131,722   1Gphg5x9zTk1MNVDjwKm9c2MSH73K4GAhX
ActiveMining   137,298   1EvTU1PFqAF6n3qXemeUXVTKbEFy5Rvaz4
ActiveMining   143,420   13DzTjabVGGN64Rc8V7tAkSZJ7BHUxuQqY
ActiveMining   152,724   1Pn9fHiHJsgBgbYf1rksof2xRRDZLrzW6q
ActiveMining   158,116   17vccqmnhJGZri6LWtRhJgta9yeKpns8TS
ActiveMining   168,453   1NAZhPAhVKNbek9rgXSTjk2v5FXuyGPqsS
ActiveMining   214,775   1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
ActiveMining   242,624   1NJ4H2SMH4kaKXGFDQzCiJAYmYkWLatMxW
ActiveMining   259,109   1LKSeSk8cE2hEPGPs4Chx7EsGa5KuAwmDQ
ActiveMining   641,030   1PHTa8x3Jo4nowjNDVLFxfpCtnE1Lasmgw

This list is from BitFunder and surely there are over 100K share holders on the other exchanges.

Don't you boys agree?

Not necessarily, no. I would like to see more criteria than just the amount of shares held. You can have a lot of money and hold a lot of shares and be shit at helping run an enterprise. I'd like to see qualified individuals placed on the board. I can guarantee you that some of the people represented by these shares would not be interested in a board seat. Some of them might have the share count AND the skill set, though, and I'd be fine to give these individual preferential treatment in that regard.

[Stuartuk]

Well yes that is the option previously mentioned and I believe these major shareholders have been approached but I'm sure most of them wouldn't want the commitment. If they are located all over  the world how are they going to get to board meetings? So you might get one or two from that list.

[hf]

I believe these major shareholders have been approached

Nope.

[Stuartuk]

I believe these major shareholders have been approached

Nope.

In that case if you feel you could apply yourself to the board there would be no harm in sending Ken or the PR guy your CV.

[ActiveMining-PR]

Hello, this is our first PR post for Active Mining and we are really excited to be able to bring you valuable information directly from Active Mining Corporation!  I wanted to supply our first update on Ken’s travels and meetings with the Engineering firm in Oregon.

First and foremost, the Avalon clones are operational (built using the 30 of the 60 sample chips we received), but here is a synopsis as to how we arrived here; the default TP-Link router, we thought initially, was a bit finicky, so we considered replacing it with a Raspberry Pi we had on hand.  Ken and the Engineers worked with the prototypes over the two day duration, and eventually determined through rounds of tests that it was not the TP-Link, but the Controller Board which one of the Engineers discovered Friday.

After jumping the first few hoops in our testing phase, we feel very comfortable about our clones, but there is still more testing to be performed. Currently the 30 chip prototype is hashing at 6 GH/s per board before being pushed to the normal 8GH/s per board, so that all hardware parts can be tested extensively.

Ken did not return home empty handed, a prototype is on its way for him to bench with.  He is planning on working with and tweaking this prototype to have it functioning optimally in time for the 20,000 chips to arrive from Avalon.

Also, dividends on the shares that were tendered to AMC-TENDER are going to be paid to the tendering address, more on this to follow.

So in short, while we wait on the delayed Avalon chip delivery, we will take advantage of this to test with the TP-Link further, asses stability, and continue our operations.  Below are just a few pics that were taken of the Engineers working.

http://i40.tinypic.com/b7aqv6.jpg

http://i42.tinypic.com/v5izrq.jpg

http://i43.tinypic.com/348hssk.jpg

Short video: http://youtu.be/k-T1xt75jBs

[kleeck]

Excellent update! Good to know that things are moving ahead with the Avalon clones.

When can we expect to hear more regarding the eAsic meetings?

[adub]

These are the people who should be on the board of ActM:

ActiveMining   101,210   1FT7S7rxytK5DR7Rc7MAy3E6ijJHFj6yMx
ActiveMining   101,528   12ReWsanTsbWGxrRqgoRijJcRr74Duj6h6
ActiveMining   101,529   1HEEyQqdjUjz2ZBBxYNDSo2Sp2GPmvYexm
ActiveMining   105,296   17RkeE8sC75VVknnLjQtF6HHe7QfvJ7usg
ActiveMining   110,041   11128WoN565mVBD6upS5hwkBFkrncntJRX
ActiveMining   129,722   1Jzhrg2SYQcV7QZQU62Fef1K2zW9bMfF92
ActiveMining   131,722   1Gphg5x9zTk1MNVDjwKm9c2MSH73K4GAhX
ActiveMining   137,298   1EvTU1PFqAF6n3qXemeUXVTKbEFy5Rvaz4
ActiveMining   143,420   13DzTjabVGGN64Rc8V7tAkSZJ7BHUxuQqY
ActiveMining   152,724   1Pn9fHiHJsgBgbYf1rksof2xRRDZLrzW6q
ActiveMining   158,116   17vccqmnhJGZri6LWtRhJgta9yeKpns8TS
ActiveMining   168,453   1NAZhPAhVKNbek9rgXSTjk2v5FXuyGPqsS
ActiveMining   214,775   1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
ActiveMining   242,624   1NJ4H2SMH4kaKXGFDQzCiJAYmYkWLatMxW
ActiveMining   259,109   1LKSeSk8cE2hEPGPs4Chx7EsGa5KuAwmDQ
ActiveMining   641,030   1PHTa8x3Jo4nowjNDVLFxfpCtnE1Lasmgw

This list is from BitFunder and surely there are over 100K share holders on the other exchanges.

Don't you boys agree?

Not necessarily, no. I would like to see more criteria than just the amount of shares held. You can have a lot of money and hold a lot of shares and be shit at helping run an enterprise. I'd like to see qualified individuals placed on the board. I can guarantee you that some of the people represented by these shares would not be interested in a board seat. Some of them might have the share count AND the skill set, though, and I'd be fine to give these individual preferential treatment in that regard.

+1

[joele]

30 chips = 8Gh/s
1 chip = 0.266 Gh/s

So 20,000 chips = 5.3 Th/s ?

[djbooth007]

Awesome news! Thanks for the update. Is official PR account a regular forum member/ investor?

[Flashman]

Great news AM, thanks.

Also, dividends on the shares that were tendered to AMC-TENDER are going to be paid to the tendering address, more on this to follow

Confirming that my tendered shares turned up, and glad to see this hasn't been forgotten.

[kleeck]

30 chips = 8Gh/s
1 chip = 0.266 Gh/s

So 20,000 chips = 5.3 Th/s ?

I believe this is correct. Here is the quote from the Overview and Speculation thread in the Q&A section:

A.  Payment for the assembly of the 68 Klondike boards has been accepted as of July 3rd.  The 20k Avalon chips are inbound as well.  The immediate horizon estimates 6,377 GH/s by no later than the end of August.

[adub]

Hello, this is our first PR post for Active Mining and we are really excited to be able to bring you valuable information directly from Active Mining Corporation!  I wanted supply our first update on Ken’s travels and meeting’s with the Engineering firm in Oregon.

First and foremost, the Avalon clones are operational (built using the 30 sample chips we received), but here is a synopsis as to how we arrived here; the default TP-Link router, we thought initially, was a bit finicky, so we considered replacing it with a Raspberry Pi we had on hand.  Ken and the Engineers worked with the prototypes over the two day duration, and eventually determined through rounds of tests that it was not the TP-Link, but yet it was the Controller Board which one of the Engineers discovered Friday.

After jumping the first few hoops in our testing phase, we feel very comfortable about our clones, but there is still more testing to be performed. Currently the 30 chip prototype is hashing at 6 GH/s per board before being pushed to the normal 8GH/s per board, so that all hardware parts can be tested extensively.

Ken did not return home empty handed, a prototype is on its way for him to bench with.  He is planning on working with and tweaking this prototype to have it functioning optimally in time for the 20,000 chips to arrive from Avalon.

Also, dividends on the shares that were tendered to AMC-TENDER are going to be paid to the tendering address, more on this to follow.

So in short, while we wait on the delayed Avalon chip delivery, we will take advantage of this to test with the TP-Link further, asses stability, and continue our operations.  Below are just a few pics that were taken of the Engineers working.

http://tinypic.com/r/b7aqv6/5

http://tinypic.com/r/v5izrq/5

http://tinypic.com/r/348hssk/5

http://youtu.be/k-T1xt75jBs

(Pictures aren't showing properly on the forum, will look into this later, for now follow the links.)

This is great. Thanks to Ken and any others involved in getting us to this point and for acknowledging the value that another team member for PR, etc can provide.

I do have to say that the pics and video are anticlimactic due to their lack of substance. No pics of Avalon chips or demo boards? No video of the device running next to a screen that shows how much it's hashing? I encourage the team to share meaningful photos and video otherwise there is no point and you're giving fodder to the FUDs.

[Pompobit]

This is great. Thanks to Ken and any others involved in getting us to this point and for acknowledging the value that another team member for PR, etc can provide.

I do have to say that the pics and video are anticlimactic due to their lack of substance. No pics of Avalon chips or demo boards? No video of the device running next to a screen that shows how much it's hashing? I encourage the team to share meaningful photos and video otherwise there is no point and you're giving fodder to the FUDs.

+1

I'd also like to know who the new PR is. He is a forum member?

[adub]

This is great. Thanks to Ken and any others involved in getting us to this point and for acknowledging the value that another team member for PR, etc can provide.

I do have to say that the pics and video are anticlimactic due to their lack of substance. No pics of Avalon chips or demo boards? No video of the device running next to a screen that shows how much it's hashing? I encourage the team to share meaningful photos and video otherwise there is no point and you're giving fodder to the FUDs.

+1

I'd also like to know who the new PR is. He is a forum member?

Agreed. Who is this person and what are his/her qualifications. Is this person local to the VMC operation or remote? Please be transparent or the FUDs will rise.

[kslaughter]

Same here now I can relax

Hey, just received my transfer from AMC-TENDER

When did you guys send them to be tendered? I still haven't got mine. Sent them on 23/7.

I will be looking for yours today.  When they get out of sync, it takes a lot more work to get
them verified and transferred.  I will be working on the hard transfers today.  Some
have problems with usernames that are not correct, so I will be emailing the shareholder
for any corrected information.

[Stuartuk]

As Gordon Britas would say - 'Ex-cellent!'

[sayaz]

Can't wait until this whole manual tender issue is sorted once and for all. Appears to have been an enormous time sink.