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Author Topic: [ActiveMining] The Official Active Mining Discussion Thread  (Read 479313 times)
BigBitz
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August 27, 2013, 11:11:53 AM
 #4341

I am growing concerned at the lack of any conversation or updates.

I appreciate NDAs but there isn't even any leaning information to help speculate as to what's going on.

As with most of these ASIC companies - Silence is generally viewed as bad/weak.

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Stuartuk
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August 27, 2013, 01:09:32 PM
 #4342

If you need to see a steady flow of speculative chit-chat from strangers to give you confidence in a stock you are not basing your business decisions on relevant criteria.

If you want to see a conversation go back to some of the substantive posts over the last page or two and make some relevant comments or ask some relevant questions.

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August 27, 2013, 01:28:46 PM
 #4343

I am just curious as to what you value this company on.
Am I correct that the only value it has is the "potential to have its own asics chip"?

Good question. No, having it's own easic (TM) chip would put ACtM streets ahead absolutely. But without that specific deal I'm sure you know that we still have a experienced businessman in Ken who has taken this company a long long way and has taken some very shrewd decisions, we have a board of extremely talented and dedicated professionals with donkeys years of experience, and we have substantial funding ready to go. There are many more ASIC chip manufacturers out there, how do we know Ken doesn't have NDA's with others too incase this deal fell through. I'm 100% confident that he's clever enough to have it covered.

Any company at this stage in it's development is valued almost entirely on it's staff, their talents and it's available funding. Even without an easic deal (which as I said I'm 99% sure will happen) this company has huge upside potential. IMO the current share price reflects all of the above and not much of the easic deal. When the deal is announced the price will shoot up ergo it's current price has little easic in it. We might see .0040 with a non-deal news release but remember most of the shares are held by the board and they would not be selling their holdings easic or not - because they know the company has options and is destined for greatness. All my opinion and if anybody doesn't agree don't start a flame war just say so in a adult way.
You are so believe in Ken, blindly. Without the deal with eASIC, ActM worth nothing.
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August 27, 2013, 01:51:55 PM
 #4344

You are so believe in Ken, blindly. Without the deal with eASIC, ActM worth nothing.

Excellent point. You tackled the 'value' question with insight and intelligence.
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August 27, 2013, 02:05:26 PM
 #4345

If you need to see a steady flow of speculative chit-chat from strangers to give you confidence in a stock you are not basing your business decisions on relevant criteria.

If you want to see a conversation go back to some of the substantive posts over the last page or two and make some relevant comments or ask some relevant questions.


I don't need to see steady chit-chat from strangers. I would like to see some form of update.

ie;

(1) Did we convert the BTC to USD?
(2) Do we know if the Avalons are there yet?
----(2b) The Prototype that arrived - what happened?


Not exactly war and peace.

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Stuartuk
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August 27, 2013, 02:26:13 PM
 #4346

I would like to see some form of update.

OK
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August 27, 2013, 02:27:33 PM
 #4347

I'm as eager to see some news as the rest of you.  But try to remember these things:

1) This stock only exists to fund the NRE, now that they have the funds, they don't need to bend to every whim of investors.  It's not like in the real world.  That said, forming the board was an excellent sign of good faith.

2) This has been said before, but they are hard at work, when you run your own small business you have to do the jobs of about 8 people.  It's not so much the posting, but the READING of this forum that takes way too much time.  The radio silence has probably been imposed to tame the mouth frothing going on in here.

3) So this is a good time to ask yourself why you invested, if you were in for the IPO speculation but didn't intend to hold it past September, then now is your time to leave.

ActM will be a close 2nd to market with a 28nm chip that you can rest assured will work as advertized (since there is only one custom via layer, not much can go wrong).  And if the chips are overclockable to 1 GHz (20GH/s) then a single fast hash one would pump out 320GH/s IN LATE OCTOBER.

Keep things in perspective, the eASIC deal exists, but we can't talk about it.
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August 27, 2013, 02:30:58 PM
 #4348

but we can't talk about it.

Talk about what??
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August 27, 2013, 02:39:59 PM
 #4349

It's not 'typographical layout' it's copying, pasting, and replacing a few words.  He'd definitely get in trouble for it if it was an academic assignment.

Like I said, not evidence of a scam, but sloppy and unprofessional.

What the hell?

How old are you?

This is the real world, this happens all the time, this isn't some high school class....

Wake up man, life is going to hit you hard if you have the mentality that life is like the inside of a classroom.

Lol what? If you think my life is going to be "hit hard" by the fact I'm not investing in ActiveMining, you're completely delusional. If someone is sloppy and unprofessional.  There is nothing wrong with having standards as far as who you invest your money with.

If they're going to be sloppy and unprofessional at one thing, they may carry that through in other aspects of their business as well.

sloppy. ..

It's not sloppy or unprofessional if he's copied the layout on purpose so that potential investors can do a quick side by side comparison with the big competition. I would say that is smart. It shows Ken recognized where the challenge lay (in pulling some investors away from AM) and shows he is recognizing he needs to make chip spec info accessible and quickly cross checkable for interested parties.

I don't really buy that.  If you want to make it easy to compare data, you can use a table and just show the numbers. (and also it's not a "layout" it's a paragraph of text)

And all that really matters as far as investment goes is the $/Gh/s and in the long run the W/Gh/s.   Things like chip clock speed, hashes per cycle, etc aren't important. It doesn't matter if a chip is 10x as fast if it costs 12x as much and uses 15 times as much energy.

Anyway - it's not something that on it's own would make me this company is a bad bet, but there are a lot of things. I just don't see them keeping up with the massive amount of competition from other companies that seem much more professional/competent.

I mean, look, for example, at how much success HashFast has had in selling BabyJet pre-orders, before they'd even taped out.  They've sold $2.75 million worth of pre-orders to customers, plus the orders from the IceDrill IPO.  I don't think their customers will ever make ROI, but their investors are going to make out like bandits.

Cointerra is saying they'll be putting out in 2PH in December.

KnC has their PCBs and cases, all that's left to do is put in the chips and ship them.

So when I say professionalism, I don't mean acting "corporate" or anything, but simply their ability to execute and get things done, faster and at lower costs then the competition. And to me, it seems like they're lacking. Sorry.

I'm not trying to get people riled up.  If you want to invest your btc in this company it's obviously up to you.  I'm just trying to explain why I think something like plagiarism by the CEO of a company, along with things like an ugly  website with misaligned images are going to be big red flags for some people.

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August 27, 2013, 02:42:47 PM
 #4350

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

I'd like to see this updated with an estimate that isn't in the past. (copied from first post of the thread, which we were told would be kept updated.)  A bump in weekly divs would make the company appear less stagnant (in terms of people's perception, not necessarily reality behind the scenes I understand) and would hold people's interest a bit better.

I'm not going to whine about it though, I know people are trying their best, and if it bothered me enough, I'd sell.

knybe
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August 27, 2013, 02:57:54 PM
 #4351

activeminer stock - steady downhill cruise engaged


soon only thing you will hear is Kens Laughter
he will be sipping pina colada on venice beach
whilst poor shareholders scrape together their coins
to buy loaf of bread and heat their homes

Good thing I live in Venice Beach then.
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August 27, 2013, 03:02:26 PM
 #4352

Hey!
ACTM Board or Ken or Streets!!!

you got ANYTHING for us today?

...the natives are getting downright restless.
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August 27, 2013, 03:29:47 PM
 #4353

Hey!
ACTM Board or Ken or Streets!!!

you got ANYTHING for us today?

...the natives are getting downright restless.

I've said it before and I'll say it again:

We have a dedicated PR account. Can we please use it?
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August 27, 2013, 03:43:31 PM
 #4354

Hey!
ACTM Board or Ken or Streets!!!

you got ANYTHING for us today?

...the natives are getting downright restless.

I've said it before and I'll say it again:

We have a dedicated PR account. Can we please use it?

You people need to shut up and clap louder.  Because NDA.

Be thankful for all the cheap shares I have provided!


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August 27, 2013, 03:47:37 PM
 #4355

I agree updates should be daily or bi-daily(Even if nothing gets accomplished) Until we start making some actually revenue.

Even if its just a list of things that are on the table and their status of the day.

1. Waiting on Avalon (Waiting)
2. NDA with eAsic (Ongoing)
3. Updating website (Haven't begun)
4. Etc

Maybe even include the dates when boardmembers have/will meet so we Know with almost absolute certainty (to get rid of all the extra doubt) that they are getting the ball rolling.

I know Streets said he has a crap load of stuff to do on his plate and I respect that. I think they should find a way for him to squeeze in 10mins so he can drop a post on the thread at least every other day to keep us updated. It doesn't have to be a list, it doesn't have to be a massive paragraph about what is going on. But give us something.

P.S. In case some of you say "Well there's the list right there, you just made it." I think we would all like to see it not from me, not from another investor, not from a boardmember, but from Streets or Ken himself.
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August 27, 2013, 03:53:45 PM
 #4356

Jothekhan - decent post but you like most posters here need to go and look at some of the most recent posts from ken and PR. There is no news and there is no point repeating that day after day. When the news is ready it will be released. Until then you need to either deal with that or sell your shares.
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August 27, 2013, 03:56:39 PM
 #4357

Jothekhan - decent post but you like most posters here need to go and look at some of the most recent posts from ken and PR. There is no news and there is no point repeating that day after day. When the news is ready it will be released. Until then you need to either deal with that or sell your shares.

Just out of curiosity (and I promise this isn't meant to be sarcastic), how long are you willing to wait without news?

End of Sept.?

End of Oct.?
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August 27, 2013, 04:01:17 PM
 #4358

Jothekhan - decent post but you like most posters here need to go and look at some of the most recent posts from ken and PR. There is no news and there is no point repeating that day after day. When the news is ready it will be released. Until then you need to either deal with that or sell your shares.

I have read all the post from both Ken and PR and have gain information from ffsixtynine and I know where we are at in the plan. I feel that there is value in a daily, bi-daily update on the situation even if there is no change though. It confirms/debunks rumors, it builds investor confidence and makes it harder for trolls and people whom are trying to crash the price gain traction on the thread. I think all those are worth 10mins of streets time every 24-48 hours or so.

Do you think that isn't worth it?
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August 27, 2013, 04:03:22 PM
 #4359

I agree updates should be daily or bi-daily(Even if nothing gets accomplished) Until we start making some actually revenue.

Even if its just a list of things that are on the table and their status of the day.

1. Waiting on Avalon (Waiting)
2. NDA with eAsic (Ongoing)
3. Updating website (Haven't begun)
4. Etc


I think weekly or bi-weekly updates would be great. Just to keep everyone updated in regards to what is happening that week and projections on when certain goals should be hit. Any kind of response from PR would be help give us a good idea of the progress we are making.
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August 27, 2013, 04:06:26 PM
 #4360

And in other news.... http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/
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