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

[zumzero]

Ken's keeping his cards very close to his chest so this means when he decides to break radio silence it will be with news of a major development.   

I expect we will have fully working FAST-HAST miners already stress tested and fully operational BEFORE Ken tells us anything. 

Mark my words. 

[crumbs]

Ken's keeping his cards very close to his chest so this means when he decides to break radio silence it will be with news of a major development.   

I expect we will have fully working FAST-HAST miners already stress tested and fully operational BEFORE Ken tells us anything. 

Mark my words. 

^^Sarcasm?

[c1010010]

Ken's keeping his cards very close to his chest so this means when he decides to break radio silence it will be with news of a major development.   

I expect we will have fully working FAST-HAST miners already stress tested and fully operational BEFORE Ken tells us anything. 

Mark my words. 

^^Sarcasm?

^^ duh?!

(Sarcasm)

[drawingthesun]

Ken's keeping his cards very close to his chest so this means when he decides to break radio silence it will be with news of a major development.   

I expect we will have fully working FAST-HAST miners already stress tested and fully operational BEFORE Ken tells us anything. 

Mark my words. 

This makes no sense, why would he want to maintain radio silence in the first place?

Our competitors have one single mode: Mine as many Bitcoins as possible, no information from any other company will change this.

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Meanwhile, beyond Equestria's boarders...
Happy 3 Million!

[zumzero]

Ken's keeping his cards very close to his chest so this means when he decides to break radio silence it will be with news of a major development.  

I expect we will have fully working FAST-HAST miners already stress tested and fully operational BEFORE Ken tells us anything.  

Mark my words.  

This makes no sense, why would he want to maintain radio silence in the first place?

Our competitors have one single mode: Mine as many Bitcoins as possible, no information from any other company will change this.

Did you read the reply he gave to a recent pm?

If you didn't, here it is again...

Hi Ken,

Are there any words you can offer to help quell the frustrations of shareholders at present?

If you are able to share anything regarding our progress without revealing commercially sensitive information or breaking the NDA, it would go a long way in restoring confidence.

I'm sure you are aware of the loyalty that these guys have shown and the belief the majority still have in you, and would ask that you give this request serious consideration.

Here's a couple of things to consider.

1)  Do you have any timelines you can share regarding the chips?
2)  Is there anything you can say about how the development/production process is progressing?
3)  Can you explain why you are so confident that the exponential rise in difficulty is not going to end this companies ambitions to create a profitable mining farm.

Cheers,


zumzero

Yes, I see the frustration; however, we are in a very competitive environment so I have to be very careful of what I say.  I am sure our competitors are reading this thread.  I read theirs some when I have time.

[Ozymandias]

Ken's keeping his cards very close to his chest so this means when he decides to break radio silence it will be with news of a major development.  

I expect we will have fully working FAST-HAST miners already stress tested and fully operational BEFORE Ken tells us anything.  

Mark my words.  

This makes no sense, why would he want to maintain radio silence in the first place?

Our competitors have one single mode: Mine as many Bitcoins as possible, no information from any other company will change this.

How are our competitors doing by the way? What is the current estimated hashrate that cointerra, fasthash, and the like are mining with?

EDIT: hoping to hear about sample chips in the next week or so!

[crumbs]

Ken's keeping his cards very close to his chest so this means when he decides to break radio silence it will be with news of a major development.  

I expect we will have fully working FAST-HAST miners already stress tested and fully operational BEFORE Ken tells us anything.  

Mark my words.  

This makes no sense, why would he want to maintain radio silence in the first place?

Our competitors have one single mode: Mine as many Bitcoins as possible, no information from any other company will change this.

How are our competitors doing by the way? What is the current estimated hashrate that cointerra, fasthash, and the like are mining with?

EDIT: hoping to hear about sample chips in the next week or so!

KNC, , BFL, Asicminer, Bitfury etc. are doing quite well, selling gear, chips & mining.
The companies you've mentioned (it's Hashfast, BTW, *you are* Fasthash) are also doing awesome, having sold millions of dollars worth of product

[SebastianJu]

I really dont see a reason do disclose info. If Ken would have a revolutionary design and info about that could lead to others get an idea of what he does then yes. But its not like this. It looks like Ken thinks it would matter when he is posting that he will deploy in the next week or something. It wouldnt matter at all. Except for the shareprice.
Other companies dont care what ActiveMining is doing. They only have one plan. Being fast, mining fast, selling fast. They will not become faster because Ken is telling them he will have a tiny fraction of TH in the next weeks. Nothing will happen from informing shareholders.

So no, i dont have a clue what this is about.

Someone mentioned that Ken already told things and was slapped because of NDA? What did he say and what slap is meant or is this wrong?

[zumzero]

Is it a strategic advantage to withold commercially sensitive information in ActM's case?  That is up for debate.

What is certain is that Ken believes it is better to remain stealthy.  This would lead us to believe that at some stage an unveiling will occur.

Think F-117 Nighthawk and Bagdad's Shock & Awe.  

[zumzero]

You are spewing out material you've used before.  Where is your originality man?

You are also posting old quotes you made yourself.  Not very narcissistic, but. 

"..oh, ooh, yeah man, let me go and find and old post I made, pant, pant.., see?  I'm the greatest aren't I!   ..I see the future!.."

[drawingthesun]

You are also posting old quotes you made yourself.  Not very narcissistic, but. 

I asked him to find his old posts where he called out this operation.

At the moment I still believe in ActM, but I guess I have a bias.

[zumzero]

You are also posting old quotes you made yourself.  Not very narcissistic, but. 

I asked him to find his old posts where he called out this operation.

At the moment I still believe in ActM, but I guess I have a bias.

"..oh, ooh, yeah man, let me go and find and old post I made, pant, pant.., see?  I'm the greatest aren't I!   ..I see the future!.."

[zumzero]

Here you go, July 24:  https://bitcointalk.org/index.php?topic=252531.msg2793933#msg2793933

A few pertinent quotes from that day:

Still waiting to learn more about these newfangled "28nm ... Chip[ s] require[ing] proper handling of heat and power supply."  Sounds very scientific and dangerous, proper handling of heat & power supply has never been tried before, you guys sure you want to buck the status quo?  Improper heat handling and improper power supply?

Loooll!  Just reading this nao:
"The funds may be invested in any other Bitcoin mining shares that pay
dividends until the funds are needed for the above usages. The funds may also be used to purchase
Bitcoin Mining Machines from VMC or any other manufacture of Bitcoin Mining Machines or any
other source of Bitcoin Mining Machines which will increase the dividends for investors"

"The AMC Belize's business includes cryptocoin mining and sales of self-built ASIC
devices through its wholly owned subsidiary Virtual Mining Corporation (VMC).

So, who's bUying what from whom  

"Wow...almost the fastest I've ever added anyone to my ignore list. " -- CMMPro, next post

These are the supposed quotes whch are evidence that you predicted the failure of ActM?  For someone who tries too hard to be funny, this is bloody hilarious! lolz

All this shows is how weak and lame your silly nonsensical mumbling posts actually are.  Not to mention your self obsession, but let's not go down that well trodden path.

From this day forward you will be known not as crumbs, not as crumble, but I anoint you 'mumble'.

[4ju5tice]

You're right ACTM has gone down a lot, and crumbs, I really thank you for your intelligent response to my last post.

I think the flaw with the idea that the hashrate will continue to increase exponentially is that it's gotten there through technological innovation mostly. Right now we've hit the best technology out there. The growth now is entirely money based, and there's no way we're going to be experiencing 100% gains for the next year (no way to be positive, but I'm pretty confident). I can go into more detail if you are interested. I welcome criticisms to my logic.

[zumzero]

You're right ACTM has gone down a lot, and crumbs, I really thank you for your intelligent response to my last post.

I think the flaw with the idea that the hashrate will continue to increase exponentially is that it's gotten there through technological innovation mostly. Right now we've hit the best technology out there. The growth now is entirely money based, and there's no way we're going to be experiencing 100% gains for the next year (no way to be positive, but I'm pretty confident). I can go into more detail if you are interested. I welcome criticisms to my logic.

So we are now thanking the terrorists for not blowing us up?  I despair.

[crumbs]

You're right ACTM has gone down a lot, and crumbs, I really thank you for your intelligent response to my last post.

I think the flaw with the idea that the hashrate will continue to increase exponentially is that it's gotten there through technological innovation mostly. Right now we've hit the best technology out there. The growth now is entirely money based, and there's no way we're going to be experiencing 100% gains for the next year (no way to be positive, but I'm pretty confident). I can go into more detail if you are interested. I welcome criticisms to my logic.

You might wish to consider that we're just seeing the tip of the 28nm iceberg.  KNC chips are just beginning to come online, they have the maskset, the NRE costs already sunk, each new production run needs only to make more than the actual cost of manufacture to be in the black. These production runs won't stop until mining with newly-baked chips becomes unprofitable, or they couldn't be sold at a profit (sales of obviously unprofitable gear are a part of Asicminer revenue model, while sales of not-so-obviously unprofitable gear are the staple of every other ASIC manufacturer).

What we're seeing right now is the calm before the storm.  Once production problems are ironed out, nothing prevents KNC or similar company from outsourcing production and *really* saturating the market.

Bitfury's chips are (if i remember right) 55nm node, and are more efficient than KNC's 28nm chips energy-wise.  So we obviously haven't seen all there is to see from the 28nm die shrink.

More could be said, but this post has a short lifespan

[Nootnewbie]

How did the 600K transfer of shares from Bitfunder to Cryptostocks work?  Anybody know the details of the transaction/move?

[pedrog]

How did the 600K transfer of shares from Bitfunder to Cryptostocks work?  Anybody know the details of the transaction/move?

Look a few pages back.

[Nootnewbie]

How did the 600K transfer of shares from Bitfunder to Cryptostocks work?  Anybody know the details of the transaction/move?

Look a few pages back.

Thanks, I saw that there was speculation that a large shareholder wanted to transfer/sell on a new exchange.  Just wanted to see if there was official confirmation on that.