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

[finlof]

Indeed, but these new forecasts on CT have been made after the delays in chip production were taken into account. So it's a valid company forecast assuming chips are now on the way.

yes it is just as valid as saying ActM started shipping product last year...

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[minerpart]

Not aiming this at anyone in particular but there are so many negative people on here  - are you all clinically depressed?

The one thing that's surprised me about my time on this forum is how down beat so many people can be. I thought Americans in particular were upbeat/can-do kind of people who saw opportunity where the rest don't and think big. But it's the Brits on here who are doing all the rabble-rousing and trying to keep everyone positive. Me, zum, Vince, Stu...

Come on guys, think big or go home. That's the type of attitude that's made your country the powerhouse and economic success it has been.

I don't think the negativity on here is either justified or helpful. An old skool businessman doing his damndest to create a success and all you kids can do is moan. America wouldn't be the country it is without guys like Ken. He's been running businesses his whole life and he's still working like a dog. Yet the XBox generation want everything now and if they don't get it they fold and give up hope. I don't get it. It's no surprise that your position is being supplanted by Asia where they still think anything is possible.

[JoTheKhan]

No one on here is depressed. We all want ACTM to succeed. I am willing to do anything in my power to help this goal come to fruition. This means that someone needs to play devil's advocate for every update; for everything Ken says. You guys have already decided to take it as it is so some of us need to take it with a grain of salt. Some of us need to tear through and dissect everything he says and everything that is posted on this forum so that we are all getting the most objective picture possible about the company at any one time. With the lack of communication (I love the wednesday updates, I was definitely super excited about those, but they do lack any definitive information which kind of defeats the point of them.) we need to even dissect the speculation and the rumors that pop up so that they don't spiral out of control like they have before.

[Bitdust]

Not aiming this at anyone in particular but there are so many negative people on here  - are you all clinically depressed?

The one thing that's surprised me about my time on this forum is how down beat so many people can be. I thought Americans in particular were upbeat/can-do kind of people who saw opportunity where the rest don't and think big. But it's the Brits on here who are doing all the rabble-rousing and trying to keep everyone positive. Me, zum, Vince, Stu...
...

Americans do see opportunities where others see none.
Where others saw nothing but ignorance and greed, Ken spotted free money for himself and his kinfolk.

[st4nl3y]

I think most just sugar coat this security
in order to speed up the process of getting their shares traded
so they can get out of this misery LOL

[Stuartuk]

@Ffss Thank you, so this intelihash has been sucking time away from our main goals since back when you guys were around?

I'm sorry but that is not playing devils advocate. It's negative supposition based on not much.

Ken has said Intelihash could bring us a lot of business if it makes our chips more productive over their life-time than our competitors chips. You are down on this for no good reason as far as I can see.

[iSnow]

Americans do see opportunities where others see none.
Where others saw nothing but ignorance and greed, Ken spotted free money for himself and his kinfolk.

Look VE or crumbs or whatever sock puppet you are, could you just GTFO? You are not influencing anyone.

[Bargraphics]

Nice early update!

PRESS RELEASE

Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and  People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC.  The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.

Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC.  Delivery of chips is expected in Q2/2014.  Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm.  EASIC's 28 nm development has been upgraded to a full custom 28 nm.

https://bitcointalk.org/index.php?topic=297543.msg4652211#msg4652211

[JoTheKhan]

PRESS RELEASE

Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and  People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC.  The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.

Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC.  Delivery of chips is expected in Q2/2014.  Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm.  EASIC's 28 nm development has been upgraded to a full custom 28 nm.

Soo.. Q2/2014. Guess AM will beat us to the market? Thank you for the Press Release.

A couple questions/concerns.

• Does this count as the wednesday update? Or an we expect some information about CT operations, So 55nm Asic will be our first batch and then starting at Q2 onwards we will start working on a 28nm Asic? Or are we turning a 55nm Asic into a 28nm Asic? Can someone explain this in more laymanish terms.
• At the point of Tapeout is it expected to know what the Gh/Power Consumption will be? Can we expect Ken to know this right now?
• I'm not sure if this is good news or bad. I call on Kleeck to help me understand this.  

[Bitdust]

Nice early update!

PRESS RELEASE

Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and  People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC.  The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.

Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC.  Delivery of chips is expected in Q2/2014.  Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm.  EASIC's 28 nm development has been upgraded to a full custom 28 nm.

https://bitcointalk.org/index.php?topic=297543.msg4652211#msg4652211

Lol, Ken teams up with a "stealth startup" to put out a 55nm ASIC in Q2?  Can shit get any lulzier?

[minerpart]

EASIC's 28 nm development has been upgraded to a full custom 28 nm.


PARTY TIME!!!!


 

[kslaughter]

Weekly Update 1/21/14

Edit: Getting trading up and running is now my number one mission.

[JoTheKhan]

EASIC's 28 nm development has been upgraded to a full custom 28 nm.


PARTY TIME!!!!


 

Get paid before you play. Not party time yet my friend.

[minerpart]

Ken when you say the eASIC chip is going full custom do you mean we will be using the easicopy process?

[kslaughter]

Ken when you say the eASIC chip is going full custom do you mean we will be using the easicopy process?

No, it will be a full custom just like the other ASIC manufactures.

[kslaughter]

PRESS RELEASE

Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and  People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC.  The ASIC features SHA256 optimizations according to a scientific paper by Dadda et al.

Simultaneously, AMC has acquired the Intellectual Property (Verilog code, test bench, GDS-II data, etc. for the 55nm UMC Bitcoin Mining ASIC.  Delivery of chips is expected in Q2/2014.  Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm.  EASIC's 28 nm development has been upgraded to a full custom 28 nm.

Soo.. Q2/2014. Guess AM will beat us to the market? Thank you for the Press Release.

A couple questions/concerns.

• Does this count as the wednesday update? Or an we expect some information about CT operations, So 55nm Asic will be our first batch and then starting at Q2 onwards we will start working on a 28nm Asic? Or are we turning a 55nm Asic into a 28nm Asic? Can someone explain this in more laymanish terms.
• At the point of Tapeout is it expected to know what the Gh/Power Consumption will be? Can we expect Ken to know this right now?
• I'm not sure if this is good news or bad. I call on Kleeck to help me understand this.  

11mm X 11m package, 1.9 GH/s and 2.5 watts.

[auto2nr1]

Weekly Update 1/21/14

Edit: Getting trading up and running is now my number one mission.

Thank you for the update Ken. Can you be a little more detailed and specific in regards to what is going on. What is UMC? Did you mean to type VMC? We own all the IP to the 55nm chips? Do you have details in regards to the chips? How soon we will start shipping miners and how fast will we be able to start our mining farm? We will have both 55nm chips as well as 28nm soon after? Please keep us posted. Thanks.

[gogxmagog]

I quit reading these threads daily about a week ago, one problem, every few days I have to read through pages of baffle-gab and dis-information. I will say one thing for the trolls here. You are doing a pretty good job of making my head spin. When I finally come across a post that appears to not actually be FUD, troll, or outright BS, I have to read it out loud a few times, step away from the computer, think about it, then file it under "possibly, maybe...might have a sliver of truth somewhere..."
what did you guys do for fun before bitcoin? crank phone calls? ring people's doorbells and run away?

EDIT: thanks for the update Ken, I feel for you, reading the insults, slander and speculation in these threads, that can't feel good. Hang in there man, some of us are behind you, regardless of the shit-storm that may overwhelm at times.

[kslaughter]

Weekly Update 1/21/14

Edit: Getting trading up and running is now my number one mission.

Thank you for the update Ken. Can you be a little more detailed and specific in regards to what is going on. What is UMC? Did you mean to type VMC? Do we own the IP to the 55nm chips? Do you have details in regards to the chips? So we will have both 55nm chips as well as 28nm soon after? Please keep us posted. Thanks.

Yes, we purchased the IP which we will also use in our custom 28 nm.  UMC is the FAB for the 55 nm.

11mm x 11m package, 1.9 GH/s, 2.5 Watts.

[iSnow]

the tape-out of their 55 nm UMC Bitcoin Mining ASIC.

Let's just hope this chip is at least somewhat competitive with the 28nm ASICs and the transfer to the 28nm process goes real fast. If one of those fails, I see no chance of AM ever making a profit.

Also: AM acquires the UMC intellectual property - so do we have to pay millions or are those two guys new share holders and will this dilute the existing shares?