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Author Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]  (Read 770348 times)
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babybonobo
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January 10, 2014, 09:41:20 PM
Last edit: January 10, 2014, 09:57:27 PM by babybonobo
 #7361

It's not a secret and I did not release it via PM.  Stop making things up again.  I released information I thought would be helpful to others who are struggling to understand what is going on.  Maybe those quotes (that you took out of context) don't fit your own motives, but it doesn't affect my own.  Deal with it.
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January 10, 2014, 09:49:53 PM
 #7362

Hearing how gerald spoke, his tone of voice and the professional intro recordings at VMC plus this info is enough to me that this is definitely not a scam (I wasn't perfectly sure before) and that we are just facing delays.

Their confidence man gave you confidence that this isn't a confidence scheme, eh?
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January 10, 2014, 09:51:44 PM
Last edit: January 10, 2014, 10:12:36 PM by babybonobo
 #7363

It's not a secret and I did not release it via PM.  Stop making things up again.

Would you like me to find relevant text?

<abillionhorses> i almost didnt say in public for that reason...gerald told me because i told him i dont post on forums much...that place is like vitriol for investors and the company.  whiny teenagers trying to play psyops, etc..
<fannybaws> Agreed.  I'm ready to post.  Just say the word and I won't as I wouldn't want to betray anyone's trust. If you are indifferent I will post it.
<abillionhorses> lets not man...just dont post it
<abillionhorses> feel free to save and send privately to ANYONE but dont post for the sharks

Awesome "teenagers trying to play psyops" there yourself.  Shoo' fooled me Roll Eyes

Jesus man, you don't even deserve my words.  I have nothing to defend.  Look at the full log or something, I stand by my word.  I released in public on IRC, not via PM to anyone.  Enjoy trolling4lyfe

I don't care what you flamers feel from this small phone check-in.  It wasn't about getting information for YOU.  It was about getting information for myself and then I just decided to share it.  I don't usually do that because most users here are undeserving, and the information came out reluctantly (I honestly feel a little shame for sharing it now).  Make up your own damn minds since you didn't get the information for yourself.  Perceive this handed down information however you want to, for you did not experience it for yourself.  I know I am of a sane mind.  Twist in misery or think positively.  This was a small amount of information that I knew would be helpful in the mind of a serious investor.  I don't care, I have no motive for you--maybe you will lose your money.  I have no problem standing by my words, but I will no longer share important thoughts or important information with the general imbeciles of this board.
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January 10, 2014, 09:57:14 PM
 #7364

Hearing how gerald spoke, his tone of voice and the professional intro recordings at VMC plus this info is enough to me that this is definitely not a scam (I wasn't perfectly sure before) and that we are just facing delays.

Their confidence man gave you confidence that this isn't a confidence scheme, eh?

Your post makes it look as though that quote is my words which is misleading.  Can you rephrase your question, thanks.
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January 10, 2014, 10:05:51 PM
 #7365

eAsic is not risking anything.
When I bring a block to a machine shop and ask them to punch it .030 over, they don't ask me if i'm a good engine builder.  They take my money and return me the product I have asked for.  As long as the bores are spec, and the work's done on time, their reputation stays awesome.  Even if I botch the build.

Thats not how it works in semiconductors. eASIC isnt a fab (though even fabs wont produce your chips without the design passing several validation tests aka tape out), a company like eASIC is contracted to produce working asics.  The whole point of eASIC is a seamless migration from working FPGA to asic conversion. Thats their business. Unless you believe no one ever bothered to test the FPGA, any issues with the structured asic would be on eASIC.

Now Im not 100% sure who wrote the FPGA HDL, but Im fairly sure Ken couldnt write a line of RTL/HDL code to save his life. Considering eASIC offers SHA2 IP cores, its a safe bet they did the entire design.

One last point; easic is still not offering their 28nm nextreme-3 process on their website. If you search easic's website for 28nm you will find precious little besides the press release of their deal with VMC. So its not much of a stretch to think its not working properly yet.
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January 10, 2014, 10:29:00 PM
Last edit: January 10, 2014, 10:58:53 PM by Puppet
 #7366

If you read the threads, Ken is presented as an aspy engineer -

Aspy?

FWIW, his linkedin profile doesnt suggest he knows the first thing about chip design:
www.linkedin.com/pub/ken-slaughter/22/962/351


Quote
If Ken did, indeed, simply hand the money over to eAsic, where's da chips?  I thought those guys knew what they were doing?

I can only guess, but like I mentioned above, ActM would have been eASIC's first project on 28nm with a new, unreleased process called Nextreme 3. Since eASIC are still not promoting it or even acknowledging its existence, Im guessing the problem is right there. Doesnt mean eASIC are clueless, shit happens, particularly if you make your business dependent on new, untested, unreleased processes.  (for the record; Im not accusing Ken of doing something stupid here, in fact a 28nm structured asic produced by a reputable company seemed like a smart bet to me as well at the time)
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January 10, 2014, 11:07:08 PM
 #7367


Other than the press release by eAsic's marketing guy (which gives no details), i have no idea what Ken's deal with eAsic is, whether any money changed hands, who is designing the chip, if there was a deadline or even a project timetable.  Nothing.  Yes, it is not metaphysically imposible that eAsic screwed up, but I wouldn't bank on it.  This looks, walks, and quacks like a duck.  Calling it anything but is unreasonable.

I dont feel too comfortable defending Ken here, but fact is eASIC made a public announcement that it would produce these chips using their 28nm Nextreme 3 back in September. A month earlier there was announcement they would use the process for some chip for seagate:
http://www.theregister.co.uk/2013/08/06/seagates_asic_amour/

5 months later, that process is still not commercially available and no word of it on their website. I dont see how you could hold Ken responsible for that. ANd it does to some extend help explain why Ken is so restricted by NDA's.
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January 10, 2014, 11:13:39 PM
 #7368

I suppose we'll see another meaningless update without further explanation next wednesday...SUPER!  Shocked

Either you own the bitcoins(private keys) or you don't. However with moneroj, nobody knows what you own.
Secure. Private. Untraceable.
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January 10, 2014, 11:14:57 PM
 #7369

I suppose we'll see another meaningless update without further explanation next wednesday...SUPER!  Shocked

business as usual
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January 10, 2014, 11:24:23 PM
 #7370

I'll take a meaningless update every week on time over no updates at all.  It shows commitment to shareholders.  Head over to the NEO thread and read comments about there not having been anything posted in a month.  Nowt wrong with people focussing on the 'core business'.

With the meeting this weekend and the feathers that have been ruffled in the last few days let's hope that Ken pleasures us with something meaty.  Cheesy
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January 10, 2014, 11:29:57 PM
Last edit: January 10, 2014, 11:43:46 PM by VolanicEruptor
 #7371

It's funny how all these supporters have less than 100 posts.  They all have such positive things to say about a failed company.  Goes to show you what measures Ken will take to desperately keep us patient.

Anyone who is not an established member of Bitcointalk should be ignored.  Their opinion is worthless because they could be anybody, including Ken himself.

If anybody thinks this is far fetched, Icebreaker was called out for being Eduardo from Hashfast.  Within a matter of hours of this accusation his posts went down to nearly 0/day.


Lesson learned: Users should never be assumed to be who they portray themselves to be, especially with an extremely low post count.  

Read with caution.

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January 10, 2014, 11:31:59 PM
 #7372

I'll take a meaningless update every week on time over no updates at all.  It shows commitment to shareholders.  Head over to the NEO thread and read comments about there not having been anything posted in a month.  Nowt wrong with people focussing on the 'core business'.

With the meeting this weekend and the feathers that have been ruffled in the last few days let's hope that Ken pleasures us with something meaty.  Cheesy

You're kidding me right...please don't compare NeoBee to ActM nor Danny fucking Brewter to Ken Slaughter...yet.

Danny is busy attending meetings and conferences throughout the EU while Ken & Co are busy deleting posts rather than answering questions in a public forum.

NeoBee is on a planned warpath while ActM is drifting off to sea.

Ignored.


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January 10, 2014, 11:36:59 PM
 #7373

Ouch.

Edit-  Milky, I'm a shareholder in both companies from their initial IPO's and that allows me to compare both companies if I wish.  My point was that we are lucky to have regular weekly updates even if the content isn't to everyone's liking.

Canadian Guy, you have a bloody nerve.
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January 10, 2014, 11:43:52 PM
 #7374

5 months later, that process is still not commercially available and no word of it on their website. I dont see how you could hold Ken responsible for that. ANd it does to some extend help explain why Ken is so restricted by NDA's.

This is very interesting and makes a lot of sense. I have wondered a few times why the 'wraps' are still on eASIC's 28nm product line.

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January 10, 2014, 11:59:28 PM
 #7375

It's funny how all these supporters have less than 100 posts.  They all have such positive things to say about a failed company.  Goes to show you what measures Ken will take to desperately keep us patient.

Anyone who is not an established member of Bitcointalk should be ignored.  Their opinion is worthless because they could be anybody, including Ken himself.

If anybody thinks this is far fetched, Icebreaker was called out for being Eduardo from Hashfast.  Within a matter of hours of this accusation his posts went down to nearly 0/day.


Lesson learned: Users should never be assumed to be who they portray themselves to be, especially with an extremely low post count.  

Read with caution.

VE how is your inquiry at eASIC into their relationship with Ken going?
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January 11, 2014, 12:01:40 AM
 #7376

If you don't want to dig through this thread, i'll give you a short list of things that don't jive with eAsic screw-up:

1.  Ken announced that he started shipping product. If this is an announcement about shipping cases, it is intentionally deceptive.  If he meant miners,  those require chips.

Like I said, I dont feel too comfortable defending Ken. There is no excuse for stuff like that. That doesnt mean eASIC doesnt bear any responsibility.

Quote
2.  He said that he decided to respin the chips to be compatible with Intellihash, mysterious software that makes shit 20% cooler.  This implies that he had chips to respin, not that eAsic was unable to master its new process.

Id like to see the exact wording of the original statement if you have it at hand. You can do a respin without having any chips, a respin just means you are redesigning one or more metal interconnect layers (not that I would count on Ken to use the correct terminology).  Did he really have chips and if so, did they even work? Who knows, but I think its highly doubtful. Fact is, there is no record of any 28nm nextreme 3 chip working, easic doesnt even promote it or solicit projects for them. IF the process is healthy, how come?

Quote
3.  What kind of a contract did he make with eAsic?  He offered projections and timelines, which have not been met.  Was the contract "give it a shot, if you can't, you can't"?  What money is he entitled to?  What new muppetry is this?

eASIC would have been suicidal to give iron clad guarantees with large late fees for an unreleased process. More likely is that they cut ActM a sweet deal to be a guinea pig for their new process. A bitcoin asic is pretty much a perfect test chip for a new process, so this could have been a win-win.
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January 11, 2014, 12:16:09 AM
 #7377


until these shares are fully listed, we don't know if ken even has the btc he already owes in past divs.
...

divs are right here: https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa

thanks for link. Sorry if I have been going off the handle last few days, I got caught up in the hysteria. Have taken deep breath and am looking with fresh eyes now. Things aren't great, but they aren't a total disaster either. Delays in engineering and production. Part of the game.

Now, when I look at these divs I see the results of hashing with ~ 5500 GHs, am I correct? More detailed specs of the mining operation would be good, is there a stasts page for this?

anyway, onward and upward. This pony ain't finished the race yet!
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January 11, 2014, 12:44:08 AM
 #7378

we should make a poll on here for what competitor we think is behind all the nasty, rotten noob troll accounts incessantly posting only in this thread…

This is Ken's thread.  For him to "program" a poll here would take... oh, a couple of months?
Sit tight, buddy Smiley
damiano
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103 days, 21 hours and 10 minutes.


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January 11, 2014, 01:13:08 AM
 #7379


until these shares are fully listed, we don't know if ken even has the btc he already owes in past divs.
...

divs are right here: https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa

thanks for link. Sorry if I have been going off the handle last few days, I got caught up in the hysteria. Have taken deep breath and am looking with fresh eyes now. Things aren't great, but they aren't a total disaster either. Delays in engineering and production. Part of the game.

Now, when I look at these divs I see the results of hashing with ~ 5500 GHs, am I correct? More detailed specs of the mining operation would be good, is there a stasts page for this?

anyway, onward and upward. This pony ain't finished the race yet!

Indeed.

Hashfast just barely shipped and the were suppose to ship back in October.
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January 11, 2014, 01:35:18 AM
 #7380

It's funny how all these supporters have less than 100 posts.  They all have such positive things to say about a failed company.  Goes to show you what measures Ken will take to desperately keep us patient.

Anyone who is not an established member of Bitcointalk should be ignored.  Their opinion is worthless because they could be anybody, including Ken himself.

If anybody thinks this is far fetched, Icebreaker was called out for being Eduardo from Hashfast.  Within a matter of hours of this accusation his posts went down to nearly 0/day.


Lesson learned: Users should never be assumed to be who they portray themselves to be, especially with an extremely low post count.  

Read with caution.

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