[ActiveMining] The Official Active Mining Discussion Thread

[Stuartuk]

Well, Hashfast has finished design, is doing tape-out. BFL will tap-out 28nm chip this month, according to the preorder webpage.

what is the time schedule of ACTM's chip?  Has eASIC started designing?

We don't have that info yet due to the NDA. All we can do is look at eASIC's Proven Design Flow chart and get a bit hard:





http://www.easic.com/migration-to-cell-based-asic/migration-to-cell-based-asic-simple-design-flow/

[1714957434]

1714957434

[neilol]

On another front, it's important to make sure we can get someone with an eCommerce marketing eye on the board. I am tired of reading articles about 28nm manufacturers coming to market and not listing ActiveMining. We will need to be on the radar as a serious competitor to sell real volume. The product cycle is too fast to wait to be proven as a retailer that ships units - we will miss a whole generation of hardware. It's ugly but you really do need to presell.


http://thegenesisblock.com/cointerra-announces-2ths-asic-bitcoin-miner-for-15750/

ASICMiner has been able to sell their hardware at a premium since they are the only company with any ASIC mining products readily available. As 28nm products come online later this year from Cointerra, BFL, KNC and HashFast, among others, the market should mature towards an in-stock model

[afrotec]

On another front, it's important to make sure we can get someone with an eCommerce marketing eye on the board. I am tired of reading articles about 28nm manufacturers coming to market and not listing ActiveMining. We will need to be on the radar as a serious competitor to sell real volume. The product cycle is too fast to wait to be proven as a retailer that ships units - we will miss a whole generation of hardware. It's ugly but you really do need to presell.


http://thegenesisblock.com/cointerra-announces-2ths-asic-bitcoin-miner-for-15750/

ASICMiner has been able to sell their hardware at a premium since they are the only company with any ASIC mining products readily available. As 28nm products come online later this year from Cointerra, BFL, KNC and HashFast, among others, the market should mature towards an in-stock model

I agree with this. We need more public exposure for our products and our brand as a whole. With so many new competitors in the market, it's important to maintain a good presence, of which we currently do not have much of at all.

My thinking is that this is something that will be further addressed and remedied once the chips are closer to production and have undergone some testing behind the scenes, etc. We don't want to rush and spread news of an untested, and yet unseen product as others have done, as this can create even more problems depending on how things turn out in the future.

[VolanicEruptor]

looking forward to the news release by the end of this week. 
I think this week will be a good show of bitcoin securities in general 

[luke.watson]

The company logo http://virtualminingcorp.com/shop1/index.php on the top left of the website should be moved up on the page. It's hanging down a bit and looks bad.

Also, the links at the bottom of the page for twitter and facebook are going to the online store template prestashop pages.

I understand that Ken's working hard on stuff, but this might be a decent filler project when there is time.

EDIT: I bolded it per Stuartuk's comment so that it has a chance of being read by KEN/PR

Ken if you read this and want a website upgrade let me know and we can work something out

We'll pimp your site up to magento!

[AngelSky]

On another front, it's important to make sure we can get someone with an eCommerce marketing eye on the board. I am tired of reading articles about 28nm manufacturers coming to market and not listing ActiveMining. We will need to be on the radar as a serious competitor to sell real volume. The product cycle is too fast to wait to be proven as a retailer that ships units - we will miss a whole generation of hardware. It's ugly but you really do need to presell.


http://thegenesisblock.com/cointerra-announces-2ths-asic-bitcoin-miner-for-15750/

ASICMiner has been able to sell their hardware at a premium since they are the only company with any ASIC mining products readily available. As 28nm products come online later this year from Cointerra, BFL, KNC and HashFast, among others, the market should mature towards an in-stock model

I agree with this. We need more public exposure for our products and our brand as a whole. With so many new competitors in the market, it's important to maintain a good presence, of which we currently do not have much of at all.

My thinking is that this is something that will be further addressed and remedied once the chips are closer to production and have undergone some testing behind the scenes, etc. We don't want to rush and spread news of an untested, and yet unseen product as others have done, as this can create even more problems depending on how things turn out in the future.

What I've learned in the btcworld is that we need real hardware or real planning. Everything else is not much.

[shrodes]

Once again, not a mention from The Genesis Block on ActM's planned 28nm chips (though 4 other competitors get a mention). Bit weird?
http://thegenesisblock.com/butterfly-labs-tests-market-tolerance-with-600-ghs-pre-order-announcement/

[ArcticWolf]

Once again, not a mention from The Genesis Block on ActM's planned 28nm chips (though 4 other competitors get a mention). Bit weird?
http://thegenesisblock.com/butterfly-labs-tests-market-tolerance-with-600-ghs-pre-order-announcement/

Ill be very interested to see if they run the eASIC news when it comes out.

[coinfresh]

Once again, not a mention from The Genesis Block on ActM's planned 28nm chips (though 4 other competitors get a mention). Bit weird?
http://thegenesisblock.com/butterfly-labs-tests-market-tolerance-with-600-ghs-pre-order-announcement/

Email them and ask why they are leaving ActM out.

[Vbs]

Once again, not a mention from The Genesis Block on ActM's planned 28nm chips (though 4 other competitors get a mention). Bit weird?
http://thegenesisblock.com/butterfly-labs-tests-market-tolerance-with-600-ghs-pre-order-announcement/

Interesting isn't it? It seems ActM is still in scam-territory.

Seems after the eAsic deal is complete ActM will rise from "scam" to having the "best ASIC designer team" overall.

[MilkyLep]

The fall is fractional while the climb is exponential.

The silence does no justice of hiding thier fears.

[ActiveMining-PR]

The Advisory Board

Hello everyone, I wanted to bring you a special update regarding the formation of The Advisory Board to ActiveMining!
 
First we would like to thank everyone who submitted a request for board seat consideration, we received a steady supply of submissions and it was nice to read through all of them.  There is certainly a lot of talent in this community that is eager to assist and be part of the process.  We were a bit overwhelmed with the level of interest showed by shareholders in those first few hours of the announcement.  When the cutoff day hit, we knew there was going to be a lot of work, thought, consideration and debate over who this board is going to comprise of.  It is because of this, and the sheer number of individuals interested in forming The Advisory Board, that we have determined a function for all key, invited, large shareholders to be part of the process whether they are on the board or not.
 
Monthly shareholder meetings will be held for all qualified, vested shareholders to take part in with The Advisory Board as it is formed, and Ken directly.  We feel this will allow for further transparency, but also give each of you who are deeply invested in Active Mining a voice in the process.  There was a number of substantial applications who we felt can represent all shareholders of ActiveMining through these meetings.
 
When the board was first conceived we knew we wanted it to contain individuals who have skills and expertise in relevant fields.  The size of the board was one of debate, we didn’t want the board to be to large that communication breaks down with each member positioning to have their point heard.  As well, we didn't want the board to be small and limited in functionality.  Background, personality, interests vested, conduct and professionalism were all important factors in selection.  When taking all of this into account and reading all of the publicly available content outside of just the applications themselves, we felt like we were in a strong position to determine who would be on The Board.  With all of the material and knowledge in hand, we have formed The Board as such:

Vbs (Electrical/Electronic Engineering; IT)
ArcticWolf (Telecommunications Management, Electronics)
lewicki (Software Engineer, Web Developer)
lolstate (Entrepreneur; IT consultant)
ffssixtynine (Software developer; Business owner)
Streets 2.0 (Server Infrastructure; Public Relations)

This Advisory Board of member’s, its expansion and contraction, will be considered and allowed for in the event that a board member needs to step out, but to also enable others to step into a board seat when the value is needed.  This Board is an invite, we do not want anyone to feel locked into a position when they may need to focus their attention elsewhere.  We also do not want others to feel that there isn't the potential for them to be part of the board as it evolves.
 
 
Monthly Shareholder Meetings:

A schedule is still to be drafted for the Monthly Shareholder Meetings and will be released soon.  Below are a few questions I anticipate regarding this process.
 
How can I take part in the monthly ActiveMining meetings?
Any shareholder with more than 100K verifiable shares can apply to attend that monthly meeting with The Board
 
What if I do not own that many shares in ActiveMining, is there a way I can still attend?
We have considered this and will be sending out invites to select interested parties who have displayed interest as well as critical qualities that were considered for board positions.
 
How do I prove I own the required amount of shares?
On Bitfunder you can sign your address tied to your account.  On BTCT proof is a bit limited, a screenshot may be the only option at this point until Burnside has a better feature such as what Bitfunder employs.
 
What purpose will these monthly meetings serve?
The meetings will allow for orders of business to be discussed, new orders of business and questions to be answered as best possible.  They will also give larger shareholders the ability to engage the board members and Ken directly.
 
How will these meetings be structured and where will they take place?
Initially these meetings are going to only take place on IRC in a private channel on freenode.  The meetings structure will be controlled and orderly.  Each member in attendance will have the ability to bring questions and orders of business to the platform so that they may be addressed and discussed.  Of course, professionalism is expected in these meetings.  A more detailed format will be shared at the first meeting with the shareholders.
 
I have to apply to take part in each monthly meeting?
Yes and no.  What we would like to accomplish by this is prior to each meeting be able to verify that everyone taking part in the shareholder meeting(s) is a vested shareholder or someone that has been invited and wants to attend.  We certainly want to minimize disruption in these meetings, breed a constructive environment and operate in a manner suitable for all shareholders taking part.
 
Why is ActiveMining opening up shareholder meetings?
A monthly meeting with the large shareholders was something that had been discussed previously, and when we received all of the requests for board seats, it became clear there was a need for these meetings.  There are too many influential, creative minds that inquired and we would like for there to be a format for dialog.


More to come!

[adub]

Once again, not a mention from The Genesis Block on ActM's planned 28nm chips (though 4 other competitors get a mention). Bit weird?
http://thegenesisblock.com/butterfly-labs-tests-market-tolerance-with-600-ghs-pre-order-announcement/

Email them and ask why they are leaving ActM out.

I did for The Genesis Block. No answer.

[knybe]

The Advisory Board...

GOOD STUFF!
and good choices.

Looking forward to a nice healthy pace picking up with ActiveMining

[djbooth007]

The Advisory Board

Vbs (Electrical/Electronic Engineering; IT)
ArcticWolf (Telecommunications Management, Electronics)
lewicki (Software Engineer, Web Developer)
lolstate (Entrepreneur; IT consultant)
ffssixtynine (Software developer; Business owner)
Streets 2.0 (Server Infrastructure; Public Relations)

Looks good! Congrats to those appointed.

[N_S]

Congrats to the Chosen Ones^TM

Liking the progress!

[iCEBREAKER]

UPDATE

It's time to regroup and radically rethink ACTM's best course of action in light of the Avalon/NRE disasters and overwhelming, credible competition from Hashfast and Cointerra.

If you can't beat them (in the race to 28nm and >1GH/watt) join them.

We must stop burning money on possibly neutral but probably negative ROI engineering and hardware, IE write off the Avalon and 20GH chips.

We must halt the BTC conversion process, and split available financial resources between Cointerra and Hashfast bulk chip orders.   Both companies accept BTC and offer miner protection plans (difficulty insurance) in case of negative ROI.

I know the 20GH chip was Ken's baby and it really really sucks to have to cancel it, but in Bitcoin time we are eons past our initial assumptions.  

We must also disband the Cult of ACTM cheerleaders now known as the Board.   Their groupthink is beyond pernicious, it is deadly to shareholder ROI and nimble, creative strategic agility.

Adapt or perish.

iCEBREAKER
Chairman Emeritus

[bigdude]

UPDATE

It's time to regroup and radically rethink ACTM's best course of action in light of the Avalon/NRE disasters and overwhelming, credible competition from Hashfast and Cointerra.

If you can't beat them (in the race to 28nm and >1GH/watt) join them.

We must stop burning money on possibly neutral but probably negative ROI engineering and hardware, IE write off the Avalon and 20GH chips.

We must halt the BTC conversion process, and split available financial resources between Cointerra and Hashfast bulk chip orders.   Both companies accept BTC and offer miner protection plans (difficulty insurance) in case of negative ROI.

I know the 20GH chip was Ken's baby and it really really sucks to have to cancel it, but in Bitcoin time we are eons past our initial assumptions.  

We must also disband the Cult of ACTM cheerleaders now known as the Board.   Their groupthink is beyond pernicious, it is deadly to shareholder ROI and nimble, creative strategic agility.

Adapt or perish.

iCEBREAKER
Chairman Emeritus

Never a dull moment when iCEBREAKER is in the house lol

[VolanicEruptor]

He's trying to pick up more cheap shares before the big announcement on Friday   Let him.

[bigdude]

He's trying to pick up more cheap shares before the big announcement on Friday   Let him.

Announcement?