ActiveMining Overview and Speculation Thread

[matuszed]

Yay! Sold high, bought back low!  In November Active Mining will be HIGH!

The price will drop to around 0.001 BTC over the next 2 weeks and stay there until November. Then it'll rise to a high. May as well take your money out and make some profit from it till then instead of letting it stagnate.

Can we get the labcoin pump crap out of here.

Here's my speculation I think we will get concrete results from the easic deal confirmed via ken this week.

[kleeck]

Yay! Sold high, bought back low!  In November Active Mining will be HIGH!

The price will drop to around 0.001 BTC over the next 2 weeks and stay there until November. Then it'll rise to a high. May as well take your money out and make some profit from it till then instead of letting it stagnate.

Can we get the labcoin pump crap out of here.

Here's my speculation I think we will get concrete results from the easic deal confirmed via ken this week.

I'm inclined to agree, actually. I'm trying to avoid the FUDsters all over the main thread, but my guess is that this week we will get some sort of update from eAsic passed on to Ken. Whether or not Ken will be able to say, "eAsic" is to be determined... Maybe we will get THE eASIC release?

[Mabsark]

Yay! Sold high, bought back low!  In November Active Mining will be HIGH!

The price will drop to around 0.001 BTC over the next 2 weeks and stay there until November. Then it'll rise to a high. May as well take your money out and make some profit from it till then instead of letting it stagnate.

Can we get the labcoin pump crap out of here.

Here's my speculation I think we will get concrete results from the easic deal confirmed via ken this week.

I don't understand what you guys are expecting from such a press release. Ken has already stated in the second post on the official thread that sample chips would be received 9 weeks after NRE costs were paid. If those cost were paid at the beginning of August, then the samples should arrive early to mid October. If the NRE costs were paid towards the end of August, samples should arrive at the beginning of November.

So, let's say eASIC confirmed the deal with ActM this week, the sample chips still wont arrive for another 5 weeks at minimum. What are you expecting the results of such news to be? A major price increase? When there's nothing to show for at least 5 weeks?

[matuszed]

Yay! Sold high, bought back low!  In November Active Mining will be HIGH!

The price will drop to around 0.001 BTC over the next 2 weeks and stay there until November. Then it'll rise to a high. May as well take your money out and make some profit from it till then instead of letting it stagnate.

Can we get the labcoin pump crap out of here.

Here's my speculation I think we will get concrete results from the easic deal confirmed via ken this week.

I don't understand what you guys are expecting from such a press release. Ken has already stated in the second post on the official thread that sample chips would be received 9 weeks after NRE costs were paid. If those cost were paid at the beginning of August, then the samples should arrive early to mid October. If the NRE costs were paid towards the end of August, samples should arrive at the beginning of November.

So, let's say eASIC confirmed the deal with ActM this week, the sample chips still wont arrive for another 5 weeks at minimum. What are you expecting the results of such news to be? A major price increase? When there's nothing to show for at least 5 weeks?

5 weeks isn't exactly a lifetime I'll survive

[Mabsark]

Yay! Sold high, bought back low!  In November Active Mining will be HIGH!

The price will drop to around 0.001 BTC over the next 2 weeks and stay there until November. Then it'll rise to a high. May as well take your money out and make some profit from it till then instead of letting it stagnate.

Can we get the labcoin pump crap out of here.

Here's my speculation I think we will get concrete results from the easic deal confirmed via ken this week.

I don't understand what you guys are expecting from such a press release. Ken has already stated in the second post on the official thread that sample chips would be received 9 weeks after NRE costs were paid. If those cost were paid at the beginning of August, then the samples should arrive early to mid October. If the NRE costs were paid towards the end of August, samples should arrive at the beginning of November.

So, let's say eASIC confirmed the deal with ActM this week, the sample chips still wont arrive for another 5 weeks at minimum. What are you expecting the results of such news to be? A major price increase? When there's nothing to show for at least 5 weeks?

5 weeks isn't exactly a lifetime I'll survive

Sure, you'll survive, but ActM is unlikely to prosper during that period of stagnation.

[kleeck]

Yay! Sold high, bought back low!  In November Active Mining will be HIGH!

The price will drop to around 0.001 BTC over the next 2 weeks and stay there until November. Then it'll rise to a high. May as well take your money out and make some profit from it till then instead of letting it stagnate.

Can we get the labcoin pump crap out of here.

Here's my speculation I think we will get concrete results from the easic deal confirmed via ken this week.

I don't understand what you guys are expecting from such a press release. Ken has already stated in the second post on the official thread that sample chips would be received 9 weeks after NRE costs were paid. If those cost were paid at the beginning of August, then the samples should arrive early to mid October. If the NRE costs were paid towards the end of August, samples should arrive at the beginning of November.

So, let's say eASIC confirmed the deal with ActM this week, the sample chips still wont arrive for another 5 weeks at minimum. What are you expecting the results of such news to be? A major price increase? When there's nothing to show for at least 5 weeks?

5 weeks isn't exactly a lifetime I'll survive

Sure, you'll survive, but ActM is unlikely to prosper during that period of stagnation.

I believe your timeline is off. I've stated my own prediction in the main thread, I believe.

[Mabsark]

Yay! Sold high, bought back low!  In November Active Mining will be HIGH!

The price will drop to around 0.001 BTC over the next 2 weeks and stay there until November. Then it'll rise to a high. May as well take your money out and make some profit from it till then instead of letting it stagnate.

Can we get the labcoin pump crap out of here.

Here's my speculation I think we will get concrete results from the easic deal confirmed via ken this week.

I don't understand what you guys are expecting from such a press release. Ken has already stated in the second post on the official thread that sample chips would be received 9 weeks after NRE costs were paid. If those cost were paid at the beginning of August, then the samples should arrive early to mid October. If the NRE costs were paid towards the end of August, samples should arrive at the beginning of November.

So, let's say eASIC confirmed the deal with ActM this week, the sample chips still wont arrive for another 5 weeks at minimum. What are you expecting the results of such news to be? A major price increase? When there's nothing to show for at least 5 weeks?

5 weeks isn't exactly a lifetime I'll survive

Sure, you'll survive, but ActM is unlikely to prosper during that period of stagnation.

I believe your timeline is off. I've stated my own prediction in the main thread, I believe.

Here's what you said:

That gives targets of:

* November for samples,
* December for low volume production,
* February for mass production.

So they will have their inefficient FPGA copy-paste chips later than the competition? And that's if everything goes well?

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

"We are allowed to confirm that the BTC were converted some time ago and the
board designs are in progress."

Exhibit A.)



If we in the board design stage I believe we are somewhere in Floorplanning. If you count up the segments of the design flow you'll see we have nine stages in an 8-10 week process, so I think it's fair to say that each phase takes an average of around a week. So ActM is likely 2-3 weeks deep into production process that, max, takes 10 weeks. I estimate that we started production on August 5 (I think Ken's "quite some time ago" and the speed at which TradeHill can convert BTC to USD would agree with this estimation.) Lets assume a full 10 weeks from Aug 5. That places tape-out between October 7th and 14th.

Meaning we can start manufacturing the FastHash and start shipping chips for income and dividends somewhere in early to mid October. I'd say we could be shipping devices by the end of November.

[somestranger]

He assumed the worst case, and still came up with 3 months earlier than your doom-and-gloom predictions. Please stop spreading FUD  and go play somewhere else.

[kleeck]

He assumed the worst case, and still came up with 3 months earlier than your doom-and-gloom predictions. Please stop spreading FUD  and go play somewhere else.

Also note: I said shipping devices. I believe we can have them hashing for us sooner than the shipping date. I also believe we can sell chips long before the devices are hashing for us or are being shipped.

[Mabsark]

He assumed the worst case, and still came up with 3 months earlier than your doom-and-gloom predictions. Please stop spreading FUD  and go play somewhere else.

He didn't assume the worst case at all, he assumed the best case and that's just for the sample chips as clearly stated by Ken:

What are the current plans for chip development?
ActiveMining is in the process of gathering necessary funds for paying NRE costs on its 28nm chip. We hope these funds to be gathered soon, so that chip production can start as soon as possible. Estimated dates after NRE payment are:

• Chip samples delivered in 9 weeks;
• Low-volume chip production starting in 12 weeks, using an e-beam process;
• Normal volume chip production starting in 16-18 weeks.

The funds were not gathered until the end of July / beginning of August, and it's unknown when the NRE costs were paid. In the best case scenario, NRE costs would have been paid at the beginning of August and normal volume shipping would be January. You can deny this as much as you want, but that's based on the info given to us directly by Ken.

[kleeck]

He assumed the worst case, and still came up with 3 months earlier than your doom-and-gloom predictions. Please stop spreading FUD  and go play somewhere else.

He didn't assume the worst case at all, he assumed the best case and that's just for the sample chips as clearly stated by Ken:

What are the current plans for chip development?
ActiveMining is in the process of gathering necessary funds for paying NRE costs on its 28nm chip. We hope these funds to be gathered soon, so that chip production can start as soon as possible. Estimated dates after NRE payment are:

• Chip samples delivered in 9 weeks;
• Low-volume chip production starting in 12 weeks, using an e-beam process;
• Normal volume chip production starting in 16-18 weeks.

The funds were not gathered until the end of July / beginning of August, and it's unknown when the NRE costs were paid. In the best case scenario, NRE costs would have been paid at the beginning of August and normal volume shipping would be January. You can deny this as much as you want, but that's based on the info given to us directly by Ken.

You are playing off of an admitted estimate by Ken. I'm playing off of an estimate based on the most recent announcement. We could both be wrong one direction or the other. Ill be interested to read what the reality of the situation is.

[pheaonix]

He assumed the worst case, and still came up with 3 months earlier than your doom-and-gloom predictions. Please stop spreading FUD  and go play somewhere else.

He didn't assume the worst case at all, he assumed the best case and that's just for the sample chips as clearly stated by Ken:

What are the current plans for chip development?
ActiveMining is in the process of gathering necessary funds for paying NRE costs on its 28nm chip. We hope these funds to be gathered soon, so that chip production can start as soon as possible. Estimated dates after NRE payment are:

• Chip samples delivered in 9 weeks;
• Low-volume chip production starting in 12 weeks, using an e-beam process;
• Normal volume chip production starting in 16-18 weeks.

The funds were not gathered until the end of July / beginning of August, and it's unknown when the NRE costs were paid. In the best case scenario, NRE costs would have been paid at the beginning of August and normal volume shipping would be January. You can deny this as much as you want, but that's based on the info given to us directly by Ken.

nre costs were paid in full on 5/17

http://axs.net/AMC/eAsic-NDA0002.jpg

please stop posting misinformation

[deizel]

nre costs were paid in full on 5/17

NRE likely paid between these two dates:

I caution everyone that it will take us a couple of weeks to complete the painstaking process of getting all the funds converted and on to eASIC.

We are allowed to confirm that the BTC were converted some time ago and the board designs are in progress.

[Mabsark]

He assumed the worst case, and still came up with 3 months earlier than your doom-and-gloom predictions. Please stop spreading FUD  and go play somewhere else.

He didn't assume the worst case at all, he assumed the best case and that's just for the sample chips as clearly stated by Ken:

What are the current plans for chip development?
ActiveMining is in the process of gathering necessary funds for paying NRE costs on its 28nm chip. We hope these funds to be gathered soon, so that chip production can start as soon as possible. Estimated dates after NRE payment are:

• Chip samples delivered in 9 weeks;
• Low-volume chip production starting in 12 weeks, using an e-beam process;
• Normal volume chip production starting in 16-18 weeks.

The funds were not gathered until the end of July / beginning of August, and it's unknown when the NRE costs were paid. In the best case scenario, NRE costs would have been paid at the beginning of August and normal volume shipping would be January. You can deny this as much as you want, but that's based on the info given to us directly by Ken.

nre costs were paid in full on 5/17

http://axs.net/AMC/eAsic-NDA0002.jpg

please stop posting misinformation

That's clearly the NDA, which is clearly not confirmation of the payment of the NRE costs. Try again when you actually have a clue about what is being discussed. Ken has not stated when the NRE costs were paid but it must have been some time in August.

[pheaonix]

okee. eat a snickers bro.

[zefyr0s]

The existence of an NDA does not indicate an ongoing contract between the parties. It simply means that neither party may discuss specific details, for better or worse.

[thefunkybits]

aaaaand back to 004 (on btct) we go with some big walls getting munched.

Trolls please come back!!! We need you to scare everyone again  

[joele]

Price is up, maybe there is a coming good news and insiders are buying taking advantage of the low price

[stereotype]

Price is up, maybe there is a coming good news and insiders are buying taking advantage of the low price

The buy action over the last 7 days suggests someone/s was accumulating, on the slow decline.

Im convinced Ken or a board member will break cover with at least a morsal of meaty news, but ive just got a feeling its going to be the kind that raises more questions, and/or deviates from the original plan. Just my speculation. 

[LorenzoMoney]

Are you implying that board members are acting on inside information?

What if the recent lay and wait for someone else to dump were from someone (who has no inside info) who does believe in ActM long term?

I think the board are way ethical because I have tried to get several of them to give me info and they just wouldn't.


I love it when other people dump since I have big buy orders in under .0029

Obviously, I believe in ActM in the long term, despite several panicked lapses when i sold. But now I see the light and am waiting for others to make mistakes.  Your short term gain is my long term gain.

Price is up, maybe there is a coming good news and insiders are buying taking advantage of the low price

The buy action over the last 7 days suggests someone/s was accumulating, on the slow decline.

Im convinced Ken or a board member will break cover with at least a morsal of meaty news, but ive just got a feeling its going to be the kind that raises more questions, and/or deviates from the original plan. Just my speculation.