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

[kleeck]

If Ken fails to deliver within next few days, he has promised to refund the customers.
I wonder if this might be a problem?

3) What happens if you cannot deliver my miner by October/November as stated on your website? Will I get a refund in this case?

Yes, we will give refunds if we can not deliver on time.

He did not confirm that October/November is equal to delivering on time. I believe each purchase on the site is given a unque "delivery by" and refund eligibility date.

[Vigil]

The eASIC announcement didn't even come until Sept. 5th. This had to have been close to the time the NRE was paid.

http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/

So, we should have received our sample chips by now or have them very soon. Ken said earlier that we would be adding an additional "3 TH in the next few weeks" - that sounds like the sample chips. This would coincide the the 9 week delivery.

[stenkross]

The eASIC announcement didn't even come until Sept. 5th. This had to have been close to the time the NRE was paid.

http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/

Al right!
Using september 4'th as base and adding 9 weeks gives us: November 6'th (Chip samples delivered).
Adding 12 weeks gives us: November 27'th (Low-volume chip production starting).
Adding 16-18 weeks: December 25'th - January 8'th, with observation to christmas holidays (Normal volume chip production).

[deizel]

Why are you using september 19'th as date?
AcTM reached it's funding goal to provide funds for the NRE on July 19th.

My apologies, didn't have the clearest head this Monday morning... I don't know why I used that date.

The eASIC announcement didn't even come until Sept. 5th. This had to have been close to the time the NRE was paid.

http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/

Al right!
Using september 4'th as base and adding 9 weeks gives us: November 6'th (Chip samples delivered).
Adding 12 weeks gives us: November 27'th (Low-volume chip production starting).
Adding 16-18 weeks: December 25'th - January 8'th, with observation to christmas holidays (Normal volume chip production).

Now, this seems more concrete - it would be safe to assume a press release like this wouldn't exist until payment.

The question is, how long from press release (Thursday) to work commencing (?) - eASIC have other customers right?

Let's be lenient and give eASIC a full working week to clear any backlog before starting the project on Monday, September 16.

9 working weeks later would be last Monday (November 18) - but only if eASIC worked through the three public holidays in the US.

Assuming they don't just drop everything for us and allow their staff take holidays, Ken won't have chips in hand yet.

(Maybe they started before the press release but we don't know that. Communication from kslaughter and ffssixtynine indicate "end of November")

[Vigil]

The eASIC announcement didn't even come until Sept. 5th. This had to have been close to the time the NRE was paid.

http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/

Al right!
Using september 4'th as base and adding 9 weeks gives us: November 6'th (Chip samples delivered).
Adding 12 weeks gives us: November 27'th (Low-volume chip production starting).
Adding 16-18 weeks: December 25'th - January 8'th, with observation to christmas holidays (Normal volume chip production).

So we are basically a few weeks late on the delivery or we will be right on time if something happens by the end of November or first week of December, depending on how you calculate the beginning of the production timeline. We certainly aren't "way behind schedule". Having said that, I would really hope that things start picking-up SOON.

Edit: Or on time and already have the sample chips mining.

[minerpart]

the shareholders are in denial that we are very much behind schedule.

Someone wanna tell this guy?

[kleeck]

There's actually a lot of "news" out right now, it's just not announced. Allow me:

Over the last seven days we've collected: 10.32319126 BTC
That average leaves us at 1.47474160857143 per day over this seven day average.

Plug 1.7th/s in here: http://www.bitcoinx.com/profit/. See what that nets a day.

"So what!", you say. Well, I believe that this is the halved rate of the whole for ActM. Observe:

By my calculations we're hashing ~1.8Th/s, on the 7 day average. Are you getting things figured out with the prototype? Can we expect it to be fully operational by the end of the week?

You forgot about the 50% hold back right?

If this is truly implying that I have only accounted for half of the hashrate then we are hashing @ ~1.7*2Th/s or 3.4TH/s. It also means we have a working prototype. Now, if I were Ken, when I knew that the test chips were working properly I'd send out my low production order to eASIC and get the ball moving...

So, how long has Ken known these test chips were working at spec?  

[Technologov]

Those chips could also be Klondike, not necessarily the new eASICs.

[Bargraphics]

The eASIC announcement didn't even come until Sept. 5th. This had to have been close to the time the NRE was paid.

http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/

Al right!
Using september 4'th as base and adding 9 weeks gives us: November 6'th (Chip samples delivered).
Adding 12 weeks gives us: November 27'th (Low-volume chip production starting).
Adding 16-18 weeks: December 25'th - January 8'th, with observation to christmas holidays (Normal volume chip production).

Seems plausible,

Also note this is just when the chips arrive (Going to assume packaged and ready for mounting).
Then they have to be delivered to the Assembly House and put on boards. (Again assuming parts are on the PCBs and ready for chips already)
Then they have to be delivered to Ken and setup.

The above process can take 1-2 weeks as well so anyone trying to speculate should add that to their timelines as well after each batch.

[Sou]

Those chips could also be Klondike, not necessarily the new eASICs.

Do you know what the estimated hashrate for the Klondikes was?

[lobbes]

Those chips could also be Klondike, not necessarily the new eASICs.

Do you know what the estimated hashrate for the Klondikes was?

I might be naive, but wasn't it 307 GH/s?

"An order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s;"

[Sou]

Those chips could also be Klondike, not necessarily the new eASICs.

Do you know what the estimated hashrate for the Klondikes was?

I might be naive, but wasn't it 307 GH/s?

"An order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s;"

Exactly. That leaves over 2.5TH unaccounted for from "additional resources", and i doubt they're from the Klondikes.

[Technologov]

Ken: please let share-holders and investors know that all the shares are 'held OK', and nothing went missing-in-action.

[lobbes]

Ken: please let share-holders and investors know that all the shares are 'held OK', and nothing went missing-in-action.

"Sorry guys, my dog ate all the shares...  "

I understand the concern but if we trust Ken with our money, why is there so much apprehension with regards to the share transfers? If you followed the steps, you should be fine.

[tom.hashemi]

Those chips could also be Klondike, not necessarily the new eASICs.

Do you know what the estimated hashrate for the Klondikes was?

I might be naive, but wasn't it 307 GH/s?

"An order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s;"

Exactly. That leaves over 2.5TH unaccounted for from "additional resources", and i doubt they're from the Klondikes.

+1

I can't think of any other reason than these are our chips...

Unless we're all being morons yet again.

[zumzero]

I don't know why but the term "additional resources" really does it for me. 

[crumbs]

I don't know why but the term "additional resources" really does it for me. 

It's because you're not too bright, zumzero.  So now you know.

[Stuartuk]

Swapping out 11k worth of shares for an 'on paper' miner that has no firm delivery date and will only make you 4k at best isn't very bright either.

[zumzero]

I don't know why but the term "additional resources" really does it for me. 

It's because you're not too bright, zumzero.  So now you know.

What a party pooper.  I bet you're a bundle of fun on Christmas Day when the clowder are clawing at Daddies oedema shaped ankles and demanding their annual litter tray service.

If you don't let me have my fun now, later you may be forced into an agonising and brutal display of raw emotion when we get news that the ActM shareholders backed the right horse.  

[tom.hashemi]

I don't know why but the term "additional resources" really does it for me. 

This user is currently ignored.

Crumbs: reassuringly ignorable.

I think that's what you meant to say.