ActiveMining Overview and Speculation Thread

[iCEBREAKER]

Hi Vbs,

Hashfast R&D is literally physically embedded within Uniquify World HQ, like an integrated BTC ASIC design co-processor.  

I would be amazed if there was no rapid exchange of ideas/feedback taking place in a continuous dialog.

If you said there wasn't, I wouldn't believe you.  They're all under the same NDA after all.  

Neither of us knows the concrete details. What I do know is that if ActM's deal was with them I would be long gone by now. Huge red flags. http://www.glassdoor.com/Reviews/Uniquify-Reviews-E270043.htm

This just confuses me more.    This is not new right because I thought when the letter on Uniquify letter was posted that there was a deal.   Am I missing something?

Nope, nothing new, just a PR on their site about that deal.

Interesting read there Vbs, thank you for that.

For comparison http://www.glassdoor.com/Reviews/Employee-Review-eASIC-RVW321516.htm
A little outdated now, but I guess noone has had to complain

If the Uniquify/Hashfast Official Press Release isn't a big deal and merely confirmation of known info, why is the ACTM Boy's Choir salivating in anticipation of, and howling with impatience for, eASIC to Officially announce their ACTM partnership?

Glassdoor, like any thinly-populated review site, strongly tends to gather content from the disgruntled because the satisfied have much less incentive for contributing.

Also, Uniquify has twice as many employees as eASIC, so chances of finding a disgruntled ex are doubled.

The whole 'my ASIC partner is better than yours' thing has more than a whiff of desperation about it.

Bottom line is 400GH >> 20GH.   

[somestranger]

If the Uniquify/Hashfast Official Press Release isn't a big deal and merely confirmation of known info, why is the ACTM Boy's Choir salivating in anticipation of, and howling with impatience for, eASIC to Officially announce their ACTM partnership?

Because they are all in the same building, it was already obvious that they were going to be working together and the press release was largely symbolic. ActiveMining and eASIC are not intrinsically related, so showing the deal is complete would be far more than a symbolic gesture.

Glassdoor, like any thinly-populated review site, strongly tends to gather content from the disgruntled because the satisfied have much less incentive for contributing.

Also, Uniquify has twice as many employees as eASIC, so chances of finding a disgruntled ex are doubled.

So then you would think eASIC would have a bad review if it treated its employees poorly since glassdoor would attract disgruntled employees. Instead, someone was happy enough working for the company that they went out of their way to post a positive review. I think that says something.

The whole 'my ASIC partner is better than yours' thing has more than a whiff of desperation about it.

Bottom line is 400GH >> 20GH.   

That is comparing apples and oranges. The cost per GH and power efficiency are the most important factors. Having a monolithic "400GH" chip (which seems technically unfeasible due to the insane power requirements in excess of high-end GPUs) also presents issues with cooling (since they are apparently using liquid cooling) and as Vbs said there could be internal interference issues preventing it from actually reaching such a high hash rate in a single chip. Most companies are also going for smaller chips like ActiveMining, which leads me to believe that there are significant drawbacks to designing such a massive, power hungry chip.

[kingcrimson]

Exactly. That is what Ice doesn't understand. They could have 2000 TH and own 99 % of the network and it would still be a terrible deal if the math doesn't work in the shareholders favor.

[Vbs]

If the Uniquify/Hashfast Official Press Release isn't a big deal and merely confirmation of known info, why is the ACTM Boy's Choir salivating in anticipation of, and howling with impatience for, eASIC to Officially announce their ACTM partnership?

Because they are all in the same building, it was already obvious that they were going to be working together and the press release was largely symbolic. ActiveMining and eASIC are not intrinsically related, so showing the deal is complete would be far more than a symbolic gesture.

Glassdoor, like any thinly-populated review site, strongly tends to gather content from the disgruntled because the satisfied have much less incentive for contributing.

Also, Uniquify has twice as many employees as eASIC, so chances of finding a disgruntled ex are doubled.

So then you would think eASIC would have a bad review if it treated its employees poorly since glassdoor would attract disgruntled employees. Instead, someone was happy enough working for the company that they went out of their way to post a positive review. I think that says something.

The whole 'my ASIC partner is better than yours' thing has more than a whiff of desperation about it.

Bottom line is 400GH >> 20GH.    

That is comparing apples and oranges. The cost per GH and power efficiency are the most important factors. Having a monolithic "400GH" chip (which seems technically unfeasible due to the insane power requirements in excess of high-end GPUs) also presents issues with cooling (since they are apparently using liquid cooling) and as Vbs said there could be internal interference issues preventing it from actually reaching such a high hash rate in a single chip. Most companies are also going for smaller chips like ActiveMining, which leads me to believe that there are significant drawbacks to designing such a massive, power hungry chip.

+1 on all responses!

I'd be really worried if I was trusting a company like Uniquify that only seems to have experience in designing memory controllers and one ethernet chip to handle a 400GH/s chip that will use 350W according to them.

Do you have any idea how hard it is to cool 24/7 a chip with that power usage? And the flawless marksmanship required in its construction along with quality materials? Let's see if they use fluxless solder in the heatspreader or cheap thermal paste!

[Pompobit]

+1 on all responses!

I'd be really worried if I was trusting a company like Uniquify that only seems to have experience in designing memory controllers and one ethernet chip to handle a 400GH/s chip that will use 350W according to them.

Do you have any idea how hard it is to cool 24/7 a chip with that power usage? And the flawless marksmanship required in its construction along with quality materials? Let's see if they use fluxless solder in the heatspreader or cheap thermal paste!

Probably they have really nice glue guns

[brianpbaker]

Probably they have really nice glue guns

From Tim's Hardware Store?

[iCEBREAKER]

If the Uniquify/Hashfast Official Press Release isn't a big deal and merely confirmation of known info, why is the ACTM Boy's Choir salivating in anticipation of, and howling with impatience for, eASIC to Officially announce their ACTM partnership?

Because they are all in the same building, it was already obvious that they were going to be working together and the press release was largely symbolic. ActiveMining and eASIC are not intrinsically related, so showing the deal is complete would be far more than a symbolic gesture.

Are Hashfast and Uniquify really in the same building?  I only ask for confirmation because Vbs said

Neither of us knows the concrete details.

 

But seriously, we already have seen signed documentation confirming an ACTM/eASIC agreement.

A press release may strongly imply the NRE has been paid, but wouldn't confirm anything we don't already know.

IDC if 1/200 Uniquify employees had a sad and 1/100 eASIC employees had a warm feels on Glassdoor.   

That kind of corporate phrenology, plus $5, will get you an organic chai maté lattè at the Peet's in San Jose.    

Spread all the FUD WRT cooling a big hot chip you like, if it makes you feel better about getting married to the wrong stock.   

I've run overclocked 7970s for over a year and know it isn't that hard to dial in a good heat/performance sweet spot.  And that's (mostly) with stock air cooling!  Hashfast/ice.drill are using liquid cooling, which is far more effective even if they don't know about Vbs' top sekrit phase-changing xenomorphic transdimentional cavitating hypercritical autocalibrating mildly psychic chip goo.

[ffssixtynine]

No we do not have any documentation of an agreement with eASIC as you know. All we have is an NDA and that's meaningless. This is why evidence of an actual agreement is so crucial.

You do like to play your games with the share prices of stocks/FUD.

[Stuartuk]

I've run overclocked 7970s for over a year and know it isn't that hard to dial in a good heat/performance sweet spot.  And that's (mostly) with stock air cooling!

Wow you really do come out with some sh1t don't you. ha ha ha ha lol yes it's just the same as your gpu. Over a year? I mean overclocking your card for 6months is amazingly but you did it for a whole year! congrats. looks like we have a real pro here guys. :-D

give eASIC a call and give them some tips

[iCEBREAKER]

No we do not have any documentation of an agreement with eASIC as you know. All we have is an NDA and that's meaningless. This is why evidence of an actual agreement is so crucial.

So by that same logic, it was a big deal and not merely "symbolic" when Hashfast sent out a press release confirming their deal with ice.drill was complete.

We're striving to set a friendly new tone here in the ACTM threads, but you and Vbs still don't get to have it both ways. 

BTW, the 'A' in 'NDA' stands for 'Agreement.'   

[ffssixtynine]

No we do not have any documentation of an agreement with eASIC as you know. All we have is an NDA and that's meaningless. This is why evidence of an actual agreement is so crucial.

So by that same logic, it was a big deal and not merely "symbolic" when Hashfast sent out a press release confirming their deal with ice.drill was complete.

We're striving to set a friendly new tone here in the ACTM threads, but you and Vbs still don't get to have it both ways. 

BTW, the 'A' in 'NDA' stands for 'Agreement.'   

I've not fallen out with you on here, I'm just pointing out that you're not being entirely honest and you have a history of switching around depending what you want shares to do (following your posts elsewhere as well). You also continue to make personal comments as you did with VBS in your previous post. I've don't even think I've commented on your posts before.

A non-disclosure agreement means an agreement not to disclose confidential information. It does not constitute a business relationship of any kind whatsoever. Pointing out the word 'agreement' is being facetious, unless you genuinely don't understand NDAs. I have signed more NDAs than I can shake a stick it - I could have got one with eASIC if I so wished, but it would mean diddly squat in terms of business. eASIC have said nothing whatsoever AFAIK about having a deal with ActiveMining.

So whatever anyone may think of ActiveMining, a press release from eASIC is a very big deal because it confirms the validity of the offering, validity of the claims from a highly respected ASIC specialist company, and establishment of a business relationship. At the moment we only have Ken's word that eASIC have agreed to anything and nothing confirming a business relationship or that payment has been made.

Note that I haven't commented on HashFast at all and I agree with you regarding employee opinion posts being a poor way to judge a company's output. You can only judge on the output, or if employee opinions change significantly over time (which can sometimes signal an upward or downward change in fortunes).

[stereotype]

No we do not have any documentation of an agreement with eASIC as you know. All we have is an NDA and that's meaningless. This is why evidence of an actual agreement is so crucial.

So by that same logic, it was a big deal and not merely "symbolic" when Hashfast sent out a press release confirming their deal with ice.drill was complete.

We're striving to set a friendly new tone here in the ACTM threads, but you and Vbs still don't get to have it both ways. 

BTW, the 'A' in 'NDA' stands for 'Agreement.'   

I've not fallen out with you on here, I'm just pointing out that you're not being entirely honest and you have a history of switching around depending what you want shares to do (following your posts elsewhere as well). You also continue to make personal comments as you did with VBS in your previous post. I've don't even think I've commented on your posts before.

A non-disclosure agreement means an agreement not to disclose confidential information. It does not constitute a business relationship of any kind whatsoever. Pointing out the word 'agreement' is being facetious, unless you genuinely don't understand NDAs. I have signed more NDAs than I can shake a stick it - I could have got one with eASIC if I so wished, but it would mean diddly squat in terms of business. eASIC have said nothing whatsoever AFAIK about having a deal with ActiveMining.

So whatever anyone may think of ActiveMining, a press release from eASIC is a very big deal because it confirms the validity of the offering, validity of the claims from a highly respected ASIC specialist company, and establishment of a business relationship. At the moment we only have Ken's word that eASIC have agreed to anything and nothing confirming a business relationship or that payment has been made.

Note that I haven't commented on HashFast at all and I agree with you regarding employee opinion posts being a poor way to judge a company's output. You can only judge on the output, or if employee opinions change significantly over time (which can sometimes signal an upward or downward change in fortunes).

So what could be the reason/s that eASIC have not released a statement?

[ArcticWolf]

No we do not have any documentation of an agreement with eASIC as you know. All we have is an NDA and that's meaningless. This is why evidence of an actual agreement is so crucial.

So by that same logic, it was a big deal and not merely "symbolic" when Hashfast sent out a press release confirming their deal with ice.drill was complete.

We're striving to set a friendly new tone here in the ACTM threads, but you and Vbs still don't get to have it both ways. 

BTW, the 'A' in 'NDA' stands for 'Agreement.'   

I've not fallen out with you on here, I'm just pointing out that you're not being entirely honest and you have a history of switching around depending what you want shares to do (following your posts elsewhere as well). You also continue to make personal comments as you did with VBS in your previous post. I've don't even think I've commented on your posts before.

A non-disclosure agreement means an agreement not to disclose confidential information. It does not constitute a business relationship of any kind whatsoever. Pointing out the word 'agreement' is being facetious, unless you genuinely don't understand NDAs. I have signed more NDAs than I can shake a stick it - I could have got one with eASIC if I so wished, but it would mean diddly squat in terms of business. eASIC have said nothing whatsoever AFAIK about having a deal with ActiveMining.

So whatever anyone may think of ActiveMining, a press release from eASIC is a very big deal because it confirms the validity of the offering, validity of the claims from a highly respected ASIC specialist company, and establishment of a business relationship. At the moment we only have Ken's word that eASIC have agreed to anything and nothing confirming a business relationship or that payment has been made.

Note that I haven't commented on HashFast at all and I agree with you regarding employee opinion posts being a poor way to judge a company's output. You can only judge on the output, or if employee opinions change significantly over time (which can sometimes signal an upward or downward change in fortunes).

So what could be the reason/s that eASIC have not released a statement?

The NRE probably isnt fully paid as yet

[stereotype]

Why not?

[ArcticWolf]

Why not?

I'd imagine that it would take a while to convert $1million worth of BTC to USD - but I wouldnt know, Ive never had a million to convert lol

[ronaldlee0917]

Hope that Ken was not using MtGox to convert the bitcoins. 

[iCEBREAKER]

So whatever anyone may think of ActiveMining, a press release from eASIC is a very big deal because it confirms the validity of the offering, validity of the claims from a highly respected ASIC specialist company, and establishment of a business relationship. At the moment we only have Ken's word that eASIC have agreed to anything and nothing confirming a business relationship or that payment has been made.

Note that I haven't commented on HashFast at all and I agree with you regarding employee opinion posts being a poor way to judge a company's output. You can only judge on the output, or if employee opinions change significantly over time (which can sometimes signal an upward or downward change in fortunes).

I agree, the much anticipated eASIC press release will be a BFD for ACTM, just as the Uniquify PR was for ice.drill.

I object to Vbs and others accepting the former while contriving excuses for rejecting the latter.

[Stuartuk]

I'm just pointing out that you're not being entirely honest and you have a history of switching around depending what you want shares to do (following your posts elsewhere as well).

'not being entirely honest' qualifies for the understatement of the year. And not having history with this sad little man doesn't mean he won't treat you with the same contempt he treats everyone else on the forum. Enter a 'debate' with this imbecile at your peril.

[somestranger]

Hope that Ken was not using MtGox to convert the bitcoins. 

Tradehill is being used apparently, although that does not exclude the use of other exchanges. Ken is smart enough to know not to use MtGox.

[ffssixtynine]

Hope that Ken was not using MtGox to convert the bitcoins.  

Tradehill is being used apparently, although that does not exclude the use of other exchanges. Ken is smart enough to know not to use MtGox.

Actually we don't know this, only that he spoke to Tradehill. He could be using a number of sources.

From following the tribulations of other start-ups and bitcoin firms recently, I imagine it can take quite a while to convert funds, depending upon your set up. All exchanges require KYC and have limits on the amount that can be transferred about, while KYC itself can be problematic for companies. This is why we need some regulation compliant exchanges that banks/USA are happy with.

Banks are not accommodating for Bitcoin related transfers. In the UK it's a nightmare. Also see: http://www.reddit.com/r/Bitcoin/comments/1ke0ro/commonwealth_bank_of_australia_closes_personal/

eASIC are unlikely to make an public comment until they've signed the contract and received all the funds for the NRE. This is another reason why a statement from them is important - it's evidence that they've been paid the money raised by the IPO.

I have no intention of debating with anyone, but I will correct information put across from either camp if it's incorrect or misleading. I considered iCEBREAKER's post misleading.