[ActiveMining] The Official Active Mining Discussion Thread

[Ytterbium]

I am tired of this toxic community malformed by greed.

Man, you've got quite some nerve for posting this. A full refund will not solve the issue. Please explain the 1+ million chips delivery that showed up in pictures from June? So, where did they end up?

batch 3? the amount was never 1+ million chips. if one 1+ million chips did show up in june, none of this would be happening and difficulty would NOT be this low, do some math.

also people seem to not make the connect to sudden raise of difficulty to us shipping batch 3 and bitfury's http://ghash.io pool coming online...

brb making refund form, I'm done with this.

Here's ActM's chance to get those coins back and try again!

Yeah, absolutely.  They have two orders so that's over 1560btc, not counting the Klondikes. $184,080 USD at bitstamp prices.

If they don't apply for a refund they are completely out of their minds.

[AstroBoy]

For those that missed it, page 233 has an update from Ken and a post about the advisory board on it.

Cheers.

[Ytterbium]

Yeah but...

ActiveMining doesn't have existing FPGA designs that need converting to ASIC. From what I understand, ACTM will be ASICs from the get go... maybe I'm not getting it?

There are open-source FPGA implementations they could have used.

It's a pretty simple business model: You take an open-source FPGA hasher implementation, hand it over to eASIC, and they generate wiring patterns for their nextreme (or whatever) configurable ASIC cores, and send those files off to the fab for production. Pretty easy even at 28nm, but a lot more inefficient then a standard-cell or custom design.

Even if they're not using the open-source FPGA code, writing an SHA256 hasher in verilog (or whatever) probably isn't a lot of work.

Yes. I think you are catching on. This method of production takes between 6 and 8 weeks from RTL (which Ken had already custome developed) to tape-out.  Keep in mind that the NRE was competed "quite some time ago" and the boards are already in development according to Ken. He has already stated that he expects to be shipping the FastHash by the end of October. I think there is a good chance that ActM will hit that mark and be among the first 28nm to market. And that is really just the start of the benefit of the eAsic partnership...

http://www.easic.com/high-speed-transceivers-low-cost-power-fpga-nre-asic-45nm-easic-nextreme-2/easic-nextreme-2-overview/

https://bitcointalk.org/index.php?topic=252531.msg3027753#msg3027753

https://bitcointalk.org/index.php?topic=252531.msg2790012#msg2790012

Well, all eAsic has said is that there were 'discussions', that's a lot less then Uniquify was able to do with HashFast or ORSoC was able to do for KnC.

Also, the KnC chips were due in September, so even if ActiveMining stays on target they won't be the first 28nm chip.  

I'm fairly skeptical of HashFast's ability to deliver in October but supposedly they are getting a "bullet run" for chips a month after they tape out. That's something that would be covered by NDA.

However, you understand that if they are using this process their chips will be much larger per amount of hash then their competitors, right? That means their chips will be much more expensive per Gh/s to manufacture. They'll still get the energy efficiency benefits, though.

[afrotec]

+1 for dumping the chips. finally a chance to reclaim what we once thought was lost - we should initiate the refund ASAP and be sure we're at the top of a long list

[BlockChains]

I agree a refund request would be a better option. Mainly because at this point the chip buy is a sunk cost and there are only 2 real outcomes:

1. We could wait some undetermined amount of time and maybe get chips that will never ROI or

2. Wait some undetermined amount of time and maybe get the full btc investment back.  

It seems that since both options are unlikely, at least if one were to pan out the refund would see the best return.

Also, 9 Batch 3 refunds and counting have been issued since the community and Yifu had their scuffle today. So there's some hope for a possible refund, maybe.

[N_S]

I agree a refund request would be a better option. Mainly because at this point the chip buy is a sunk cost and there are only 2 real outcomes:

1. We could wait some undetermined amount of time and maybe get chips that will never ROI or

2. Wait some undetermined amount of time and maybe get the full btc investment back.  

It seems that since both options are unlikely, at least if one were to pan out the refund would see the best return.

Also, 9 Batch 3 refunds and counting have been issued since the community and Yifu had their scuffle today. So there's some hope for a possible refund, maybe.

This is solid reasoning. 100%

[tom.hashemi]

Can someone explain to me what has happened? Wondering why the share price has become so volatile & getting confused reading back through the thread...

[freedomno1]

Can someone explain to me what has happened? Wondering why the share price has become so volatile & getting confused reading back through the thread...

A climate of fear would sum it up

As for the Avalons Neutral for now

[FloatesMcgoates]

Can someone explain to me what has happened? Wondering why the share price has become so volatile & getting confused reading back through the thread...

The price will decline every day until there is actual news regarding the eAsic deal. People are starting to dump shares because they have had enough with the "NDA covers everything" excuse and are living in a climate of fear given the recent labcoin scare.

[tom.hashemi]

Can someone explain to me what has happened? Wondering why the share price has become so volatile & getting confused reading back through the thread...

The price will decline every day until there is actual news regarding the eAsic deal. People are starting to dump shares because they have had enough with the "NDA covers everything" excuse and are living in a climate of fear given the recent labcoin scare.

Cool - thanks both.

If it makes any difference, I'm loving the bulk dumps... I've tripled my ActM holding in the past 24 hours...

[BigBitz]

Can someone explain to me what has happened? Wondering why the share price has become so volatile & getting confused reading back through the thread...

The price will decline every day until there is actual news regarding the eAsic deal. People are starting to dump shares because they have had enough with the "NDA covers everything" excuse and are living in a climate of fear given the recent labcoin scare.

Cool - thanks both.

If it makes any difference, I'm loving the bulk dumps... I've tripled my ActM holding in the past 24 hours...

I'd love to know "WHY"

Ken's update is nothing short of insulting.

[Bitcycle]

Can someone explain to me what has happened? Wondering why the share price has become so volatile & getting confused reading back through the thread...

The price will decline every day until there is actual news regarding the eAsic deal. People are starting to dump shares because they have had enough with the "NDA covers everything" excuse and are living in a climate of fear given the recent labcoin scare.

Cool - thanks both.

If it makes any difference, I'm loving the bulk dumps... I've tripled my ActM holding in the past 24 hours...

I'd love to know "WHY"

Ken's update is nothing short of insulting.

Ken's update was fine, as long as you're not a mindless member of the herd.

[BigBitz]

Heh. Mindless member...

[wasubii]

I would absolutely get a refund for as many chips as possible. I'm not sure what should be done with the ~1500btc we'd get back though. It could be given back to the 10mil shares at 0.00015 per share, kept to cover any potential expenses, some other option, or any combination of the three. Thoughts?

Put it in a fund for continual production of in-house chips. That's where the real strength lies.

+1

Thats where my votes go (3000+ shares)

[abuelau]

Sometimes I feel like half of the "investors" here (maybe more) are a bunch of 15 yrs old that invested all of their savings (maybe 0.5 BTC) that they got from their parent's allowance and they spend 20hrs per day in the forum trying to "outsmart" everyone else.

- "Oh, it's been 30 mins without any updates from Ken, it must mean he ran away with our BTC"
- "Oh Ken didn't put a dot in the end of his second sentence, this must mean he doesn't see the chips getting ready soon"

You need to grow up and realize thag things don't happen overnight in the real world and stop whining all the time. So far there is no significant news, period. When there is, they can be good or bad, make your bets.

And BTW, I too increased my holdings buying from the mindless ones that are selling cheap.

[stereotype]

Can someone explain to me what has happened? Wondering why the share price has become so volatile & getting confused reading back through the thread...

The price will decline every day until there is actual news regarding the eAsic deal. People are starting to dump shares because they have had enough with the "NDA covers everything" excuse and are living in a climate of fear given the recent labcoin scare.

Cool - thanks both.

If it makes any difference, I'm loving the bulk dumps... I've tripled my ActM holding in the past 24 hours...

I'd love to know "WHY"

Ken's update is nothing short of insulting.

Tend to agree, and has instilled enough doubt for me to sell what i had.    I just feel ActM now have more issues regarding positioning in the market and timing, and i see no evidence, method, or reasoning from Ken/ActM, that says to me i should still carry faith. To much faith for my comfort levels at this point. 

However, will be watching and hoping this deal does come good, and hope my arm doesnt get yanked off trying to get back on the leaving train, IF its meaningful news.

[VinceSamios]

I think a class action law suite would be the way to go.

Anyone here want to join, I have already discussed this with a lawyer. 

On this Ken - I think we would all rather you focus on ActM/VMC products rather than the problems arising from Avalon chips, which are pretty much obsolete anyway.

[BigBitz]

I think a class action law suite would be the way to go.

Anyone here want to join, I have already discussed this with a lawyer. 

On this Ken - I think we would all rather you focus on ActM/VMC products rather than the problems arising from Avalon chips, which are pretty much obsolete anyway.

I find it odd you had time to find out about a class action law suit, setup a lawyer, explain everything etc especially re; bitcoin and the nature of the beast.

Yet you don't have time to offer any updates that aren't insulting.

[Subcide]

So sell your shares.

[BigBitz]

So sell your shares.

I did.

I'm still allowed to participate in discussion. My point is valid.