[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]

[drawingthesun]

Hopefully, whatever adjustments to the on-board firm-ware, hard-ware or SOC, will not require extensive redesign of the die and this thing will be done sooner than we think.

But do you see that if the problem doesn't involve ASIC redesign, the line about chips being delayed makes no sense?

Unfortunately everything Crumbs has said is correct and on the mark. He has been civil for once and is not being misleading.

If the issue is software, we would not be re-waiting like we are. I think a new mask is being prepared for the next design.

[coinfresh]

But before you can update a BIOS, the updated BIOS has to be coded right?

But the BIOS has nothing to do with the ASIC itself -- think of it (ASIC) as the CPU on your motherboard.  Flashing the bios doesn't involve sending the CPU back to intel.

Thank god we have crumbs here, the resident ASIC expert to look out for our best interests.

/sarcasm

[Vigil]

Hopefully, whatever adjustments to the on-board firm-ware, hard-ware or SOC, will not require extensive redesign of the die and this thing will be done sooner than we think.

But do you see that if the problem doesn't involve ASIC redesign, the line about chips being delayed makes no sense?
*I'm sure there could be a whole other slew of problems -- bad host boards, bad drivers, bad software -- but none of this has anything to do with the chips themselves.

Yes, unless it is a SOC issue and it takes a while to flash 1000s of chips. Or perhaps the initial hard-wired design cannot accommodate the new software. 

[iSnow]

If the issue is software, we would not be re-waiting like we are. I think a new mask is being prepared for the next design.

You do know what ASICs are, right? There is no software, if you need to make changes, you need a new chip run. That is precisely what prototypes and low-volume runs are for, or what were you thinking? The delay announced in the Nov announcement is most likely exactly because of this.

[Vigil]

Hopefully, whatever adjustments to the on-board firm-ware, hard-ware or SOC, will not require extensive redesign of the die and this thing will be done sooner than we think.

But do you see that if the problem doesn't involve ASIC redesign, the line about chips being delayed makes no sense?

Unfortunately everything Crumbs has said is correct and on the mark. He has been civil for once and is not being misleading.

If the issue is software, we would not be re-waiting like we are. I think a new mask is being prepared for the next design.

What do you mean "next design"?

[Vigil]

If the issue is software, we would not be re-waiting like we are. I think a new mask is being prepared for the next design.

You do know what ASICs are, right? There is no software, if you need to make changes, you need a new chip run. That is precisely what prototypes and low-volume runs are for, or what were you thinking? The delay announced in the Nov announcement is most likely exactly because of this.

I think we covered that some ASICs have software, but most often are not capable of such.

[JoTheKhan]

But before you can update a BIOS, the updated BIOS has to be coded right?

But the BIOS has nothing to do with the ASIC itself -- think of it (ASIC) as the CPU on your motherboard.  Flashing the bios doesn't involve sending the CPU back to intel.

Thank god we have crumbs here, the resident ASIC expert to look out for our best interests.

/sarcasm

This is how people start to troll the forums. Please refute what he has to say, verify what he as to say with your own information, or don't respond at all. Nothing he has said today to me seems to warrant a snark reply. (Now what if he replies with a insulting remark back to you? Then back and forth we go for three or four more pages like usual).  

From what I am reading from you guys, the TH we gained in November were prototypes and they have found a way to make them better, which is going to cause delays as the chips themselves need to be modified (EDIT:) Before we start mass production?

[coinfresh]

This is how people start to troll the forums. Please refute what he has to say, verify what he as to say with your own information, or don't respond at all. Nothing he has said today to me seems to warrant a snark reply. (Now what if he replies with a insulting remark back to you? Then back and forth we go for three or four more pages like usual).  

Sorry you took it that way. The intent of my post was to suggest that crumbs is a known troll, that is known to spread FUD over and over again. Why should anyone take anything he has to say seriously? That is all.

[JoTheKhan]

Well it seems that if someone posts misinformation there are enough people on the forum that seem to know what they are talking about to correct said misinformation. I think everyone here takes what everyone else says with a grain of salt.

[LorenzoMoney]

Someone contacted me about purchasing some of my shares.

All sales offers will be anonymous until sales contracts are signed by both parties.

The offer was for a partial number of the shares being offered.

Here is my response to the offer and in addition, this is an offer to anyone else who is interested in buying lots of 20,000 shares from me.

--------------------------------------------------
Thank you for your kind offer of buying 13800 shares.
The only sized lot that if being offered is 69000 shares.
Nothing smaller. (Note: since writing that, I have decided that I will sell lots of 20K shares at a price of 0.0016 per share.)
The only accepted price for that lot of 69000 shares is 100 bitcoin.
Ken is not able to actually implement any trades.
The escrow person whom I would trust would be Kleeck. If there is someone else whom you would prefer, please suggest him or her and we can talk about it.

The way I propose doing this is you and I talk to Kleeck. Kleeck is generally well known on the irc channel and on the thread as level headed and sober and balanced. You and I write up a formal contract. We both sign the contract using our public bitcoin addresses. We then create a thread on Bitcointalk where we post the sales contract and the bitcoin verification hashes of the contract.

By doing that, it makes our trade public and forces me to uphold my end of things. You send me the bitcoin and the moment there is a public exchange, Kleeck monitors that I transfer the shares to you.

In our contract, we put terms together for what happens if Ken never opens an exchange, if ActM totally fails and if I fail to follow my end of the agreement. I will privately provide you with all my personal contact information so that you have a means of addressing any legal satisfaction should you feel that I have not upheld my end of the deal. If you send me the bitcoin, I will be totally transparent to you so that you will be able to identify me and be able to take me to court. On transfer of the shares, I will ask you to use bitcoin to sign a release saying that you are satisfied with the transaction.  I will also ask that we both sign a bill of sale in hard copy and fax it to each other or send it in PDF.

Also, I will ask that a small fee be paid to Kleeck, by both of us, to be agreed to in the sales contract for his escrow services to be paid upon completion of the sale. Really, the seller, me, should pay the escrow, but by us both paying, it insures that the escrow will be unbiased.

 Since there is a possibility that Ken and ActM might fail, that has to be written into our sales contract. There also is the possibility that the price of ActM shares will go up should an Ken get the shares to an exchange, so the contract should obligate me to transfer the shares to you regardless of what the value is after you send me the bitcoin. The way to guarantee that and reduce your risk is for me to sign a contract that would be binding in the courts of law in both the US state where I live and the place where you live.

I would consider small lots than 69000, but only at a higher per price share than 0.001449275
per share.

[zumzero]

I am worried this might be the end guys, we will probably never hear from "ken" again. Hes busy right? ok but he still has time to login everyday? I hope I'm wrong but for now this is looking very bad and don't forget that most of us if not all rightfully gave back "tendered" all our shares back to him and in return we got what? promises and excuses? shit.. I just hope I am wrong..

I hope you and I are wrong, and ActiveMining does come out with chips and the shareprice recovers. I wish Ken would say something.

Boy, this is gonna make some tag team.

[LorenzoMoney]

Volanic:

You know very well that I believe in the future of Active Mining and that Ken will make many people millionaires once he completes the chips and gets them on boards and gets them all running.

Some of us need money now. Yes, I wish I could wait until that glorious day when ActM shares are openly and publicly traded and when dividends are flowing, but this boy has certain financial obligations which require his unfortunate liquidating some of his ActM holdings.  So, unless you are interested in buying a lots of 20K shares from me, please be respectful of the capitalistic, profit making, commercial actions of others.

lol wtf lorenzo..

[JoTheKhan]

When do you guys think is the next time we will hear from Ken containing substantial news, are these announcements on every 15th & 30th?

[karsy]

Is anyone going to sell for less than 0.0025 when crypto trade is up?

[Nootnewbie]

Is anyone going to sell for less than 0.0025 when crypto trade is up?

Crypto trade just made 2FA today, maybe as a response to actm being listed soon?

[drawingthesun]

Is anyone going to sell for less than 0.0025 when crypto trade is up?

0.002 * 114,425 = 228.85 = $273,600 aud = 10 times my income.

Yes, I doubt I will be able to hold if the price gets anywhere near 0.002, even though I once hoped for 0.02.

[JoTheKhan]

Is anyone going to sell for less than 0.0025 when crypto trade is up?

0.002 * 114,425 = 228.85 = $273,600 aud = 10 times my income.

Yes, I doubt I will be able to hold if the price gets anywhere near 0.002, even though I once hoped for 0.02.

Anything less than .002 and I think I'm buying more. Hoping for below .001 or above .004

[zumzero]

At a push, and if I needed some quick cash, I would maybe sell 1000 shares at the price that gives me 5 btc and no less.

When you are able to get 10 btc for those shares, there will be lot's of unhappy campers who bailed.

[karsy]

Is anyone going to sell for less than 0.0025 when crypto trade is up?

0.002 * 114,425 = 228.85 = $273,600 aud = 10 times my income.

Yes, I doubt I will be able to hold if the price gets anywhere near 0.002, even though I once hoped for 0.02.

Anything less than .002 and I think I'm buying more. Hoping for below .001 or above .004

I am kinda thinking the same thing. Sorry if someone here don't like price speculation in this thread.

[Vigil]

I'm not selling... I'm all in regardless. I believe that Ken will get this working even if it doesn't meet all the glorious initial expectations. If it gets in the vicinity of .02, I may sell.

Also, looks like Difficulty is starting to level off a bit.