[ActiveMining] The Official Active Mining Discussion Thread

[ActiveMining-PR]

If they do not have the chips, how could they hashing at 66%.
Could you tell me how to create a prototype without chips hashing 66% capacity with cgminer. LOL.

We received sample chips, those are the chips we are testing with currently.  All of that early information most already know is found in the Overview and Speculation thread, first post.

[yuansuyi]

If they do not have the chips, how could they hashing at 66%.
Could you tell me how to create a prototype without chips hashing 66% capacity with cgminer. LOL.

We received sample chips, those are the chips we are testing with currently.  All of that early information most already know is found in the Overview and Speculation thread, first post.

You really should quote this funny one. I've no doubt about that ACTM has some chips, otherwise the prototype has no way to hash.

This is just the prototype.. they don't even have the chips from avalon yet.  I'm sure by the time they get the actual chips the boards will be fine tuned.

Edit: typo

[redbeans2012]

If they do not have the chips, how could they hashing at 66%.
Could you tell me how to create a prototype without chips hashing 66% capacity with cgminer. LOL.

We received sample chips, those are the chips we are testing with currently.  All of that early information most already know is found in the Overview and Speculation thread, first post.

You really should quote this funny one. I've no doubt about that ACTM has some chips, otherwise the prototype has no way to hash.

This is just the prototype.. they don't even have the chips from avalon yet.  I'm sure by the time they get the actual chips the boards will be fine tuned.

Edit: typo

I meant they have sample chips.. sorry had a few beers.

[iCEBREAKER]

Update:

Activemining-PR posted an update.  It was long and well written, containing many words but scant new information.

The Board is still being organized, as we all knew.   No goals or deadlines are stated for task completion, but investors are asked to be patient.  The controversial self-appointment of iCEBREAKER as Chairman Emeritus is the only significant development.

Activemining-PR filled a lot of space complaining about investors' desire for timely updates.  Nothing much is happening yet, but he's already overwhelmed by the enormity of the simple task of regular participation in this thread.  Apparently that's a full time job, and he's bitter about lack of compensation.  God forbid ACTM actually begins shipping products someday and he has real PR problems to deal with.

Zero reportable accomplishments made on the prototype Avalon boards. 
Again, no goals or deadlines, but at least we have his "hope" of getting over 66% of spec.

Conspicuous absence of any reaction to Yifu/Avalon's "customs delay" and refusal to communicate.
No mention of how their tardiness will effect R.O.I., deployment, dividends, etc.

Complete silence on the crucial issue of BTC conversion to the $1,000,000 NRE required for eASIC.

Share price on BTCT is 22% below 30 day average, 24hr high is below 7 day average.

Share price on Bitfunder (a much larger market without artificial supply constraints) has imploded even more dramatically.

Bids on both markets are very thin, resulting in today's flash crash to 0.0026 on Bitfunder.

Apparently investors are not impressed by the total black-out of substantive updates on the make-or-break BTC conversion, NRE payment, and protracted Avalon delay issues.

tl;dr The wheels are coming off and we're getting a lot of happy talk to gloss it over.

Sincerely,

iCEBREAKER
Chairman Emeritus, Activemining Board of Directors

[LorenzoMoney]

Imploding?

Sure, Bids of .00460 are a bit low, but that is most certainly not an implosion, especially since the price has been hovering around .005 for awhile.  Actually, it looks fine.

The news is good news.

[redbeans2012]

Imploding?

Sure, Bids of .00460 are a bit low, but that is most certainly not an implosion, especially since the price has been hovering around .005 for awhile.  Actually, it looks find.

The news is good news.

You are replying to a troll, ignore and you will be happier. :p

[piecinitup]

Update:

Activemining-PR posted an update.  It was long and well written, containing many words but scant new information.

The Board is still being organized, as we all knew.   No goals or deadlines are stated for task completion, but investors are asked to be patient.  The controversial self-appointment of iCEBREAKER as Chairman Emeritus is the only significant development.

Activemining-PR filled a lot of space complaining about investors' desire for timely updates.  Nothing much is happening yet, but he's already overwhelmed by the enormity of the simple task of regular participation in this thread.  Apparently that's a full time job, and he's bitter about lack of compensation.  God forbid ACTM actually begins shipping products someday and he has real PR problems to deal with.

Zero reportable accomplishments made on the prototype Avalon boards. 
Again, no goals or deadlines, but at least we have his "hope" of getting over 66% of spec.

Conspicuous absence of any reaction to Yifu/Avalon's "customs delay" and refusal to communicate.
No mention of how their tardiness will effect R.O.I., deployment, dividends, etc.

Complete silence on the crucial issue of BTC conversion to the $1,000,000 NRE required for eASIC.

Share price on BTCT is 22% below 30 day average, 24hr high is below 7 day average.

Share price on Bitfunder (a much larger market without artificial supply constraints) has imploded even more dramatically.

Bids on both markets are very thin, resulting in today's flash crash to 0.0026 on Bitfunder.

Apparently investors are not impressed by the total black-out of substantive updates on the make-or-break BTC conversion, NRE payment, and protracted Avalon delay issues.

tl;dr The wheels are coming off and we're getting a lot of happy talk to gloss it over.

Sincerely,

iCEBREAKER
Chairman Emeritus, Activemining Board of Directors

I couldn't help but chuckle at this and it pains me to say it but it's spot on.   

[iCEBREAKER]

Imploding?

Sure, Bids of .00460 are a bit low, but that is most certainly not an implosion, especially since the price has been hovering around .005 for awhile.  Actually, it looks fine.

The implosion to which I referred was the flash crash to 0.0026.   Bids are so thin a re-test of and possible settlement at that level are likely.

Remember just last week Volcanic Erupter, our whale investor, confidently "guaranteed" convergence to 0.006.

[iCEBREAKER]

Update from steamboat on our Avalon chips.  More bad news with a painted on smiley face, and a side order of understatement.

Update:

The situation regarding communication with Avalon has not changed. We have opened tickets and called Yifu, and have not received a reply. We are continuing to try to reach them, but we do not have any new information as to the status of the batch shipments.

We have received the remaining samples for Batches 5 and 6, and received an update and tracking numbers through the Avalon website one day after the chips arrived. This is disconcerting as it is the second time we have received a package from Avalon without warning, and could cause a one to two day delay in our timeline if they show up unannounced, as we will not have time to prepare our assembly house.

The assembly house has all necessary components at their facilities, inventoried and ready to begin production once the chips arrive.

We are continuing to work to pre assemble and prepare everything we can for each batch prior to arrival of the chips. We have completed everything necessary for Batch 1, and are nearly complete with Batch 2. Both of these Batches will be completely ready for final assembly and shipping prior to the chips arrival should they both arrive at the same time. We are concerned we will receive several batches at once, and are working diligently to do as much prep work as possible while we wait. Pre assembling the units greatly increases the amount of storage space required as each finished unit consumes more space than the raw goods, though this should not be an issue until after batch three. We do have additional staff on hand to expedite the remaining pre assembly should more than 2 batches be delivered at once.

We do not know when or how the chips will arrive, and while we had originally anticipated having roughly a week between orders for prep time, we should be able to hold to our original timeline of three days for each batch should they all arrive at once. All hosted units should be fully integrated two to three days after batch completion.
 
We are continuing to explore our options regarding the delivery delays, and are evaluating possible solutions. We will not be discussing these options publicly until we have a clear understanding of the situation and how to resolve it. We apologize for the feeling of uncertainty this causes, and ask that you continue to remain patient with us. We will post an update regarding any information we can release once available. 

We have a responsibility to all of our customers which we do not take lightly, and cannot take a course of action that would be detrimental to any of them. The Avalon website clearly states refunds for batches are not possible. Even if an entire batch of customers chose to petition for a refund, it is unclear what reaction Avalon would have to the petition, and how it would affect the other 6 batches. This is just one of multiple scenarios we must take into consideration when deciding how best to proceed.

The situation is far from optimal, we are aware, and our customers are not the only ones affected. We have a substantial purchase of chips ourselves, in addition to the significant investment we have made in materials and labor for assembly and hosting. We are not asking for your sympathy, but we do want you to know we are acutely aware of what you are going through.  We knew the risks involved when ordering, and we have made every effort from the very beginning to ensure our customers understood these risks as well.

Our stated objective has been to deliver affordable, efficient, reliable miners, and we have strived to be up front during each phase of the process. We invested significant amounts of our own time and capital in order to provide our customers with the best batch order dates and made sure the components necessary to build our units were ready on time or early; purchasing several long lead time items before the design was even finalized. We are not here to make a quick buck, we are here to demonstrate our sincerity and ability to the community. The current situation has damaged our reputation, regardless of the cause, and we are doing everything in our power to rectify it.

tl;dr Patience^TM!  Hope for Soon^TM.

[alexius89]

Off topic:
Icebreaker why u just don't stop trolling and spamming other securities except ice drill??!!. Its totally annoying! We should arrange to kick you away from the Marketplace as long as you are acting so weird. It looks obvious that u r investing in ice drill  but be so fair to accept other securities as a market competition...!

[ffssixtynine]

There is trolling and then there is claiming to be on the board and stirring up trouble. That's deliberately misleading other investors who only pop on here to see news. A joke it is not.

As posted several times, the short term share price is not of great concern and is affected by other things in the market, like all the other IPOs.

You have been told several times that the eASIC details are confidential as are other business matters.

The Avalon issues are well known and there is nothing that can be done at this point. I am sure we'll be told if anything changes - by any number of annoyed avalon customers.

Your trolling and stirring across several threads is going to hit breaking point soon.

[zumzero]

Update:

Activemining-PR posted an update.  It was long and well written, containing many words but scant new information.

The Board is still being organized, as we all knew.   No goals or deadlines are stated for task completion, but investors are asked to be patient.  The controversial self-appointment of iCEBREAKER as Chairman Emeritus is the only significant development.

Activemining-PR filled a lot of space complaining about investors' desire for timely updates.  Nothing much is happening yet, but he's already overwhelmed by the enormity of the simple task of regular participation in this thread.  Apparently that's a full time job, and he's bitter about lack of compensation.  God forbid ACTM actually begins shipping products someday and he has real PR problems to deal with.

Zero reportable accomplishments made on the prototype Avalon boards. 
Again, no goals or deadlines, but at least we have his "hope" of getting over 66% of spec.

Conspicuous absence of any reaction to Yifu/Avalon's "customs delay" and refusal to communicate.
No mention of how their tardiness will effect R.O.I., deployment, dividends, etc.

Complete silence on the crucial issue of BTC conversion to the $1,000,000 NRE required for eASIC.

Share price on BTCT is 22% below 30 day average, 24hr high is below 7 day average.

Share price on Bitfunder (a much larger market without artificial supply constraints) has imploded even more dramatically.

Bids on both markets are very thin, resulting in today's flash crash to 0.0026 on Bitfunder.

Apparently investors are not impressed by the total black-out of substantive updates on the make-or-break BTC conversion, NRE payment, and protracted Avalon delay issues.

tl;dr The wheels are coming off and we're getting a lot of happy talk to gloss it over.

Sincerely,

iCEBREAKER
Chairman Emeritus, Activemining Board of Directors

Yet another brazen attempt to undermine ActM.  40% designed to manipulate the market for his own selfish gains and 60% necessary to feed his pompous ego. 

You don't care who you offend and are intelligent enough to know that each time you post like this you are making new enemies of those who may have been previously impartial.  And so, by adding those who fall into this group and those who have 'ignored' you we can conclude that your ramblings really are falling on deaf ears.  It's clear you need attention and for that I am sorry, but in order to to become happier you really should seek help from other sources.

[Stuartuk]

DO NOT REPLY TO ICE-BREAKER

HE IS NOT ON THE BOARD.


Please everyone do this banter over on the speculation thread. To help PR all we want on here are brief questions, enquiries and OFFICIAL STATEMENTS.

The statement from yesterday is already lost under a pile of trash from our man ice-breaker. EVERYTIME YOU RESPOND TO HIM HE COMES BACK FOR MORE. HE IS ON AN EGO TRIP SO DON'T FUEL THE FIRE.

Sorry about the shouting but no one is listening.

[Vbs]

Just as a reminder, there was no flash crash to BTC0.0026. Anyone looking at the trade history on BF can easily see that. The BTC0.0026 24h "low" on the market page refers to someone executing an option at that price.

[EskimoBob]

https://bitcointalk.org/index.php?topic=158806.msg2737065#msg2737065

Ken, what happened to PL, CF statements and updated balance sheet.
It's 16th.

Any chance you can publish a project plan for this adventure of yours ours.

Thank you.

[Plazma]

Any1 replaying to icebreaker is just as stupid as him.

[Vbs]

https://bitcointalk.org/index.php?topic=158806.msg2737065#msg2737065

Ken, what happened to PL, CF statements and updated balance sheet.
It's 16th.

Any chance you can publish a project plan for this adventure of yours ours.

Thank you.

Maybe he's actually working on moving time-crucial stuff, especially the eASIC deal?

I'm all up for delivering balance sheets, but let's have them be worth something more than just "oh, we sold a share! oh, we sold another share!"

[shaofis]

So not to reply to Icebreaker but just an observation. If they've solicited outside help in converting BTC to USD to fund the NRE; don't you think that maybe distributing information on the status of the conversion could impact the BTC/USD price?

I'm guessing that an agreement may have been made with some organization to facilitate that conversion at XX USD per bitcoin and that by already discussing the conversion might be in reference to what slap on the wrist was received. If you think about it; putting that information out in the public could hamper the third party's ability to facilitate that conversion.

I'm just saying; I know everyone wants information... but there is reason why we are left in the dark on certain issues.

Shao

[Stuartuk]

Absolutely Shao. The conversion process is about as commercially sensitive as it gets. There is a que of professional traders out there who would love to know exactly when and where Ken is doing the exchange. They would work on driving price down where he was selling to get his btc cheap. Bitcoin is a billion dollar market which means big players will be involved. These players only need a few percent profit per month to be happy so if Ken kept us upto date on his progress he would loose 10% of our money to these big players.

[stereotype]

Easily digestible article here, with helpful table at the bottom of the page. But why no mention of ACTM? "The biggest farm....." never got a mention. 

http://www.coindesk.com/asic-bitcoin-miner-arms-race-the-definitive-coindesk-roundup/