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Author Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]  (Read 770358 times)
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December 23, 2013, 02:52:57 PM
 #5921

I can't argue against your logic as it's sound.  My gamble was to go with the recommendation of someone who is meticulous in their research who made no guarantee that the AMC operation was legit.  If they had recommended Labcoin and had been duped, I'd have gambled and lost.

As I think you're saying, a blind guess may or may not work and is no substitute for 'due dilligence', however in the Wild West that is Bitcoin securities, everything becomes a possibility.

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December 23, 2013, 03:12:16 PM
 #5922

As if right on cue.....  hehe

Listen pal, as your previous attempts to pick flaws in the business model have been blown apart on numerous occasions it comes as no surprise that you no longer challenge on that front.

So what is one to do?

I know, let's blabber on about the wrath of the SEC.

My prediction: Within 10 working days of the SEC getting a conviction of Trendon Shavers, Ken will be paying out ever increasing dividends to manipulators like Entropy.  You must really hate my posts, eh?

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December 23, 2013, 03:31:56 PM
 #5923

am I completely missing something or are 24TH machines not one of the best products on the markets. (Yes I know not yet, but MAYBE soon)
Surely these machines still have a lot of time before becoming obsolete?
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December 23, 2013, 03:47:46 PM
 #5924

As if right on cue.....  hehe

Listen pal, as your previous attempts to pick flaws in the business model have been blown apart on numerous occasions it comes as no surprise that you no longer challenge on that front.

So what is one to do?

I know, let's blubber on about the wrath of the SEC.

My prediction: Within 10 working days of the SEC getting a conviction of Trendon Shavers, Ken will be paying out ever increasing dividends to manipulators like Entropy.  You must really hate my posts, eh?

Did Ken tell you not to quote me so that my posts completely disappear when he mods the thread?

I must have missed the part where you explained the astounding business model here.

Are you still working off VBS's fantasy worksheet?  The imaginary mine must be running around 5 Ph/s in your world right?

Bottom line here is simple.  Ken is incapable of delivering working miners.  Ken has missed the window of time when actually delivering obsolete easic devices would have mattered.  The fools that actually paid him for miners have been collecting torches and pitchforks on other threads, demanding refunds.

And I will never see a satoshi out of Ken's hands because I wouldn't touch this scam with a ten foot pole.

No he didn't, I try not to quote trolls out of respect for those who have them on ignore.

Very lame comment on the business model buddy.

I'll be the first to admit Vbs's figures gave me a hard on but those spreadsheets, which were updated regularly were only ever best case scenarios and it would have been naive to think otherwise.  When the Advisory Board was disbanded it was announced the spreadsheets were no longer to be updated.  That was in the very early days.  As it transpired the Avalons never made it, through no fault of Kens, and one thing to this day holds true.  Vbs made mention of the potential gains through hardware sales.  Time will certainly tell and whilst we can't rule out the possibilty of enormous profits there, one is simply wrong to state otherwise before the event.

Top line is Ken has already delivered and you know it.  Delivering obsolete hardware at any time is missing the window.  Let the miners decide what is obsolete, and when.  Calling all customers fools says more about you than anyone else.

For someone set to make zero from this company you have an unhealthy attraction to it.

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December 23, 2013, 04:07:06 PM
Last edit: December 23, 2013, 04:17:34 PM by zumzero
 #5925

am I completely missing something or are 24TH machines not one of the best products on the markets. (Yes I know not yet, but MAYBE soon)
Surely these machines still have a lot of time before becoming obsolete?

It's important to understand that the ActM hardware is modular.  One of the fair criticisms we hear from people is that it's just a marketing gimmick as a top of the range 24TH miner isn't just your standard PC case full of goodies, it's a big server rack of hardware which requires a decent amount of space, and presumably management.  Ultimately it boils down to how much bang you get for your buck and what fits your budget, and how it compares to the competition.

Entropy's use of the word obsolete made his sentence meaningless.  He was merely trying to have a dig by suggesting there are 'bigger' chips out there, but in reality our eAsic chips are among the leaders in terms of energy efficiency and price per GH.

Edit:  Entropy's post above accepts the fact that ActM's business model works provided we get to market first, making mention of the fact that against our competitors we haven't done so.  That's a little strange given the fact that in his list of competitors, only one of seven have delivered 28nm hardware.  Go figure.


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December 23, 2013, 04:13:33 PM
 #5926

[...]
Entropy's use of the word obsolete made his sentence meaningless.  He was merely trying to have a dig by suggesting there are 'bigger' chips out there, but in reality our eAsic chips are among the leaders in terms of energy efficiency and price per GH.



You are mistaken.  Though Active Mining has no working silicon, the projected power efficiency is substantially lower than Bitfury (previous gen tech) and all of the current 28nm chips. 
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December 23, 2013, 04:17:42 PM
 #5927



These are the final days of the    gold rush    pre-CryptoTrade re-float so I had better Troll like a boss to make sure there are some shit-scared sellers in the market and I can buy a shit-load of shares for next to nothing.

Fixed that for you.
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December 23, 2013, 04:20:06 PM
 #5928

You are mistaken.  Though Active Mining has no working silicon, the projected power efficiency is substantially lower than Bitfury (previous gen tech) and all of the current 28nm chips. 

That's complete BS. You don't know the details.

Who are you anyway? You registered 3days ago and have only posted in ACtM thread. Are you Crumbs? Iceman? Pankkake? You freak.
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December 23, 2013, 04:34:08 PM
 #5929

You are mistaken.  Though Active Mining has no working silicon, the projected power efficiency is substantially lower than Bitfury (previous gen tech) and all of the current 28nm chips. 

That's complete BS. You don't know the details.

Who are you anyway? You registered 3days ago and have only posted in ACtM thread. Are you Crumbs? Iceman? Pankkake? You freak.

If you feel that understanding of silicon design basics is related to activity on this forum, I'm afraid you are mistaken.  Your beligerance won't change this.
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December 23, 2013, 04:35:14 PM
 #5930

You are mistaken.  Though Active Mining has no working silicon, the projected power efficiency is substantially lower than Bitfury (previous gen tech) and all of the current 28nm chips. 

That's complete BS. You don't know the details.

Who are you anyway? You registered 3days ago and have only posted in ACtM thread. Are you Crumbs? Iceman? Pankkake? You freak.

Actually it's is fundamental engineering.

An FPGA hardcopy will always be less power efficient than custom silicon.  Based on actual, real hardware in the field, any easic hardware will consume > KNC's 1.3 W/Gh/s.

FPGAs are obsolete in the world of custom silicon.

So what was your old name?  Is that you VBS?

Jesus, you are trying to compare BMW to AUDI!  Or even better,  VOLKSWAGEN TO SKODA.

They all are very much of a muchness and all sell rather well.  Similar specs, similar prices, similar profit.

This blinkered view of the industry does not allow for healthy competition.  Who knows what these companies will be producing in 18 months, and who knows which of them will survive.  This industry is set to continue indefinitely and for those who think that the fight has already been won or lost, they'd do well to open their eyes.

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December 23, 2013, 04:35:36 PM
 #5931

So what was your old name?  Is that you VBS?

Being less power-efficient than a custom design is generalised BS in this scenario and means very little in the real world.

Specifically what are the percentages? Do you want to give figures or just make general BS statements all day?

If a KnC chip is 10% more power efficient but costs KnC 15% more to source than the eASIC chip which is the 'better chip'?

And what does the extra 20% performance from Intellihash amount to in your book? Nothing I suppose. You will disregard it?


The home mining industry is competitive but that doesn't mean the handful of companies trading in our market will swamp us out does it? That's a ludicrous, mindless thing to say. There is no evidence for it. But there is plenty of evidence that if you price your product correctly in the marketplace you can take a significant portion of the customer base.

Does everyone drive a Porche? No. Ever thought why not?
Does everyone drive the most economical car on the market? No. Why?

You are spouting nonsense least of all am I VBS. I have already said I posted only in the old thread under my first name. I now post under this name. Keep up.




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December 23, 2013, 04:44:21 PM
 #5932

You are mistaken.  Though Active Mining has no working silicon, the projected power efficiency is substantially lower than Bitfury (previous gen tech) and all of the current 28nm chips. 

That's complete BS. You don't know the details.

Who are you anyway? You registered 3days ago and have only posted in ACtM thread. Are you Crumbs? Iceman? Pankkake? You freak.

If you feel that understanding of silicon design basics is related to activity on this forum, I'm afraid you are mistaken.  Your beligerance won't change this.


ActM has working silicon as they have sold products to customers who are in receipt of said products.  Intellihash (shush!) compatible silicon and associated specs are presently unknown.

Please quantify 'substantially' in the context of your post referencing Bitfury's previous and current tech. as this might allow for clarity.  Whilst I'm an appreciator of efficient use of language, I have reservations about your limited responses.  Do forgive my suspicious nature however, sadly, this is the state of play.

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December 23, 2013, 04:58:32 PM
 #5933

You are mistaken.  Though Active Mining has no working silicon, the projected power efficiency is substantially lower than Bitfury (previous gen tech) and all of the current 28nm chips.  

That's complete BS. You don't know the details.

Who are you anyway? You registered 3days ago and have only posted in ACtM thread. Are you Crumbs? Iceman? Pankkake? You freak.

If you feel that understanding of silicon design basics is related to activity on this forum, I'm afraid you are mistaken.  Your beligerance won't change this.


ActM has working silicon as they have sold products to customers who are in receipt of said products.  Intellihash (shush!) compatible silicon and associated specs are presently unknown.

Please quantify 'substantially' in the context of your post referencing Bitfury's previous and current tech. as this might allow for clarity.  Whilst I'm an appreciator of efficient use of language, I have reservations about your limited responses.  Do forgive my suspicious nature however, sadly, this is the state of play.

If you wish to fantasize about shipped product using Active Mining silicon, I can not stop you.  I can, on the other hand, remind you that Active Mining has made no statements about shipping products containing Active Mining chips, and no evidence of such chips exists.

Since Active Mining silicon most likely does not exist, no specs for said silicon exist.  I can say with 100% certainty that no official specs have been released by Active Mining, so you will have to satisfy yourself with "substantially," as inexact as it may be.

I do not begrudge you your suspicious nature, though I am saddened by how poorly it has served you in the field of giving your money to strangers on the internet.
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December 23, 2013, 05:02:19 PM
 #5934

You are mistaken.  Though Active Mining has no working silicon, the projected power efficiency is substantially lower than Bitfury (previous gen tech) and all of the current 28nm chips. 

That's complete BS. You don't know the details.

Who are you anyway? You registered 3days ago and have only posted in ACtM thread. Are you Crumbs? Iceman? Pankkake? You freak.

Actually it's is fundamental engineering.

An FPGA hardcopy will always be less power efficient than custom silicon.  Based on actual, real hardware in the field, any easic hardware will consume > KNC's 1.3 W/Gh/s.

FPGAs are obsolete in the world of custom silicon.

So what was your old name?  Is that you VBS?
KNC is about 1 W/hr per GH/s. ActM should be around 0.8 - 0.9 W/hr per GH/s (http://mining.thegenesisblock.com/). Actually KNC's 28nm is far above the minimum W per GH possible for 28nm device. ActM biggest unit pricing for customers starts from $5.9 per GH/s which makes it more then compatible. For the ActM mining farm those prices won't be $5.9 per GH but much less. All of those added to the announcement that we are about to begin the normal volume production soon makes me believe ActM is on track to make a huge profit both from hardware sells and from mining.

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December 23, 2013, 05:08:08 PM
 #5935

If you feel that understanding of silicon design basics is related to activity on this forum, I'm afraid you are mistaken.  

I don't understand this sentence...anyone know what he is saying?





If you feel that bitcoin is not for the masses, you have a tenable viewpoint.  Of course, it pretty much precludes bitcoin's mass adoption, on which the success of any currency is predicated.  Those who "...blindly grop[e] at everything without taking a moment to read or think" are the [/i]essential demographic here, one which must be catered to.  This must be done not from misplaced love for the mentally weak, but because their wellbeing is a basic economic necessity.

The problem with the "let them eat cake" attitude is things tend to end badly for everyone involved.

OK so you are Crumbs. The cynical, deeply selfish, arrogant attitude (amongst other things) give you away. You are so much more worthy than all the other weak-minded BTC investors aren't you. Mr Special. Infact, you are the parasite in this non-mutual relationship, nothing but a leech. Do you know how pathetic you are to hold the morally odious viewpoint you have outlined here. You are the definitive Capitalist construction, brainwashed into thinking that you are something special but infact you are just another consumer. You are greed, like the rest, no different, you are just more aware of the on going party. That doesn't make you anything special, not at all.


So Crumbs why don't you close your pathetic 'reloaded' account and act like a grown up? We know you are Trolling for your life before CryptoTrade goes live so you can buy cheap but the prospect of seeing you back yourself up on here for the next few days is depressing. It was just crap when you were backing yourself up as Icebreaker but now you have another alter-ego?! It's too much. It tells me you feel you've lost as Crumbs on this thread. I would agree, and it's not just the deletions that have thrown you, it's the case-for.

Seriously, you are soooo DES-PER-ATE to get in on this aren't you.

By the way:

What is misplaced about love for the weak?
Every viewpoint is 'tenable' - by some rationale or another.
How are you going to cater for this demographic? Buffet?
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December 23, 2013, 05:12:35 PM
 #5936

Whatever happened to that speculation thread? All this talk should be there.

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December 23, 2013, 05:19:12 PM
 #5937

If you wish to fantasize about shipped product using Active Mining silicon, I can not stop you.  I can, on the other hand, remind you that Active Mining has made no statements about shipping products containing Active Mining chips, and no evidence of such chips exists.

Since Active Mining silicon most likely does not exist, no specs for said silicon exist.  I can say with 100% certainty that no official specs have been released by Active Mining, so you will have to satisfy yourself with "substantially," as inexact as it may be.

I do not begrudge you your suspicious nature, though I am saddened by how poorly it served you in the field of giving your money to strangers on the internet.

Thank you for revealing more,  but what's this with words like 'fantasize'?

If you don't mind me correcting you, as it seems you aren't privy to the same info as the rest of us, but ActM has made a statement making mention of the fact that orders have been shipped.  So should I take your word or that of Mr. Slaughters?  The rest of the 'evidence' proving ActM goods have been received is unverifiable at this time but is out there for all to see.  Just got to dig a little.

Your posts, while polite and gentlemanlike, have undertones akin to those whose agenda is transparent and it saddens me to see how ineffectual they are.

If I could be allowed to push the boat a little?  You are one of our regular trolls (who are an intelligent bunch) masquerading as a gentleman.  Now fuck-right-off!  Cheesy


edit:  THIS IS DEFFO crumbs!   "...though I am saddened by how poorly it served you in the field of giving your money to strangers on the *internetz*"   Grin

edit 2:  Fuck me sideways,  Stuartuk,  I can't believe you got there first!  lol

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December 23, 2013, 05:35:01 PM
 #5938

He's not very subtle, joining as a new member and going straight to the ACtM thread with massive accusations and not even a 'hello what's this about' post.

Crumbs=IceBreaker=reloaded



So WHY oh WHY is he soooo down on this company?

1) He is a stalker
2) He wants cheap shares.

YOU decide.
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December 23, 2013, 05:38:42 PM
Last edit: December 23, 2013, 05:52:20 PM by reloaded
 #5939

[...]
Thank you for revealing more,  but what's this with words like 'fantasize'?

If you don't mind me correcting you, as it seems you aren't privy to the same info as the rest of us, but ActM has made a statement making mention of the fact that orders have been shipped.  So should I take your word or that of Mr. Slaughters?  The rest of the 'evidence' proving ActM goods have been received is unverifiable at this time but is out there for all to see.  Just got to dig a little.

Your posts, while polite and gentlemanlike, have undertones akin to those whose agenda is transparent and it saddens me to see how ineffectual they are.

If I could be allowed to push the boat a little?  You are one of our regular trolls (who are an intelligent bunch) masquerading as a gentleman.  Now fuck-right-off!  Cheesy

I guess I'll have to start by telling you the meaning of the word "fantasize":
fan·ta·size
ˈfantəˌsīz/Submit
verb
1.
indulge in daydreaming about something desired.


With that out of the way, allow me to inform you further:
Virtual Mining website lists many products, such as expansion cases, which do not contain a single hashing chip, making the shipment of such products possible without having chips.  Granted, making claims of shipping is rather misleading, taking into consideration the eagerness of many here to fantasize.  Nevertheless, it is the statement made.

@Stuartuk -
I find it humorous that an admitted sock puppet stalks me, in hopes of showing me to be one also.  Thus far, you have succeeded in disproving your claim that i only post in this thread, and that unlike you, i am not illiterate.  As i have mentioned earlier, your belligerence does not serve you well.
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December 23, 2013, 05:44:06 PM
Last edit: December 23, 2013, 06:04:04 PM by Stuartuk
 #5940


Virtual Mining website lists many products, such as expansion case,... making the shipment of such products is possible without having chips.  

Yeah Crumbs, if I needed an expansion case I would definitely seek out a Bitcoin mining company with no history to buy one from. Hey why go to my local PC store?

Muppet.

PS checking you out is not stalking you dear boy. No need to get all defensive. I guess getting rumbled after a handful of posts was not your intention?! It looks like you don't have much else better to do with your life so why not try again - Revolutions next time?  Cheesy
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