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Author Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]  (Read 693892 times)
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kslaughter
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January 15, 2014, 04:51:59 AM
 #7621

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line.  The RTL problem has been solved and I will be releasing more information about this over the next month.  I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation
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knybe
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decentralize EVERYTHING...


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January 15, 2014, 05:14:47 AM
 #7622

now THIS… sounds promising.
mannybitcoins
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January 15, 2014, 05:26:17 AM
 #7623

now THIS… sounds promising.

Nothing has changed.
babybonobo
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January 15, 2014, 05:57:21 AM
 #7624

...
OO stfu and quit your bitching crumbs. He said he was meeting with Ken later this week. He met with Gerald who can't give the information Bar is looking for. At least wait until he meets with Ken to continue the constant diarrhea that flows from your keyboard to my screen.

Call me whatever that misfiring mess of neurons tells you to, but wait until you are spoken to.
Is that clear?  

LOL get a life, BRO!  You voice of God, you...cuutie... Kiss

Onwards and upwards!

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January 15, 2014, 06:42:53 AM
 #7625

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line.  The RTL problem has been solved and I will be releasing more information about this over the next month.  I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

Aren't we all tired of announcements of future announcements? This was Labcoin's schtick and it's a red flag... as if another one of those was necessary.
stenkross
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January 15, 2014, 07:47:21 AM
 #7626

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line.  The RTL problem has been solved and I will be releasing more information about this over the next month.  I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation
So, next month (feb) you expect to know enough to release a timeline of the chips? Yikes, I was joking when I said this project will be finished by june 2015, but maybe I was right.
drawingthesun
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January 15, 2014, 08:16:01 AM
 #7627

Ken, any chance we can have Crypto Trade enabled soon? Also will it be easy to move our shares off of Crypto Trade once coloured coins are mature?
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January 15, 2014, 09:09:27 AM
 #7628

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line.  The RTL problem has been solved and I will be releasing more information about this over the next month.  I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

LOL
so people with preorders... wont have roi
nice job, ken

unicorn outdatted failed hashing hardware
worst asset to hold
glad i have sold shares long time ago.
tslimx
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January 15, 2014, 09:11:50 AM
 #7629

thx Ken feel less like i should of set my money on fire, or spent it on hookers on backpage.
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January 15, 2014, 09:39:40 AM
 #7630

Ken caught me a little off guard with his early update - I've sent him a PM with the consolidated list of questions regardless. That list, and my entire message to ken, for your info, is....

Quote
Quite a few this week. Some I'm sure you wont answer (and I wouldn't recommend you do, such as the "who is the engineering firm" question) but I've collected a list for people not tried to filter it too much. Some are also worded a little argumentatively, that isn't my wording. I've removed questions which were more demands than questions. I've put an emoticon next to questions which are more frequent/considered more important.

Questions:

Have you had any sample chips at any point? If so, did they work?

 Huh When are sample chips expected? Sample, low volume and normal production estimate dates?

 Huh How long do you expect board design and production to take?

 Huh In your progress report of November 30th 2013 you stated "We have this last week shipped our first products to customers." - What product was shipped?

What reason caused the change of plans and alteration of schedule? Were your initial timeline commitments too optimistic or was there a catastrophic failure? (if so, what?)

If you are still at the design phase now, what have you been doing for the last 6-8 months?

Are you in a position to be able to refund your customers every penny or have you spent some of the pre-order money? (Partially answered by Bargraphics trip report)

Is preorder money converted to BTC or kept as fiat?

Up until a week or so ago, Ken was telling people if they ordered TODAY they would receive a miner in feb/march - Is this still the case?

 Huh Ken mentioned additional hashrate came online in November, what machines were those?

When was the new engineering firm engaged?

Can you give us a rough timeline of the full design and creation process, where we were set back, and what part of the process flow we are looping back over now.

Is there a problem with eASIC's 28nm process?

Did we face delays because Intellihash is being incorporated or is it because the boards weren't designed properly to begin with?

Who exactly is the Engineering Firm that was hired, and how long ago did this hiring take place?

The Happy Clappy Bitcoin Chappy - http://twitter.com/vincesamios
drawingthesun
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January 15, 2014, 09:59:19 AM
 #7631

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line.  The RTL problem has been solved and I will be releasing more information about this over the next month.  I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

LOL
so people with preorders... wont have roi
nice job, ken

unicorn outdatted failed hashing hardware
worst asset to hold
glad i have sold shares long time ago.

If you sold why are you still here?
GTR_JOEY
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January 15, 2014, 10:09:17 AM
 #7632

Exactly my thoughts, if you sold then you have no invested interest in the company. You sad lonely human being
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January 15, 2014, 10:19:48 AM
 #7633

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line.  The RTL problem has been solved and I will be releasing more information about this over the next month.  I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

business as usual vol.2
Elokane
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Truth is a consensus among neurons www.synereo.com


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January 15, 2014, 11:35:44 AM
 #7634

Since there's no possible way to sell these shares, I wonder why Ken is so reluctant about giving us the truth.

Meh.

Synereo: a completely decentralized and distributed application ecosystem.

Beware of he who would deny you access to information, for in his heart, he dreams himself your master.
<br>
Bitdust
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January 15, 2014, 01:02:51 PM
 #7635

In other news, Cointerra's real, working TerraMiner IV makes its world debut @ 1.6TH.
Top Secret Hyper Confidential Photos, Videos, and Specs available here:  http://cointerra.com/engineering-updates-terraminer-iv-hashing-live
I was entrusted with above link after signing a twenty-three page NDA, and am risking my life by sharing this classified information.

  ~Edward Snowden.
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January 15, 2014, 02:13:41 PM
 #7636

now THIS… sounds promising.

Nothing has changed.

At least there's still hope.

VinceSamios
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January 15, 2014, 02:35:27 PM
 #7637

Quote
14:20 LorenzoMoney: First of all, there is no we. It is all Ken. Secondly, it is best to not worry, make believe this is a total loss and be patient.

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January 15, 2014, 03:19:46 PM
 #7638

thx Ken feel less like i should of set my money on fire, or spent it on hookers on backpage.

Hookers would have at least left you with a "happy ending", even if you did still feel just as dirty afterwards as your dealings with Active Mining, et. al.

BTC: 1Dxqehp37DdQMCK2zdFqWXt14Q5A3ndvwV
zumzero
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Mercury rising


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January 15, 2014, 03:20:13 PM
 #7639

Weekly Update 1/15/2013

Here in San Jose working with our partners to move our projects down the line.  The RTL problem has been solved and I will be releasing more information about this over the next month.  I will also over the next month be releasing the timeline on our chips as the information becomes available to us.

Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
Virtual Mining Corporation

This a significant breakthrough and moves us one step closer to our goals.  While there is very little can be done about the fact we are way behind our original schedule, one thing we can do is show our support as we start to believe in ActM again, and appreciate this new found transparency and willingness to keep the shareholders informed and brought up to date every seven days.

Thanks for the post Ken.
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January 15, 2014, 03:48:25 PM
 #7640

Yep these weekly updates are the best bit of communication we've had post IPO days. And if I'm right they were your idea zum which you put to Ken, so good job.

If we were trading this latest update would have caused a little flurry to say the least. Yes chips are late, yes we will be later to market than expected. Does that mean the shareholders won't make a profit on this venture? No. Being late to market is par for the course in this industry. Will we mature with a solid chip with plenty of life in it? Yes.
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