[Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated]

[VolanicEruptor]

anyone know what kind of toothpaste he uses??

[crumbs]

Looo   Where's Waldo?

Shipping:

We have this last week shipped our first products to customers.


Intellihash(tm)

Intellihash is our new trademark for our new Bitcoin mining software which gives up to a 20% increase in hashing speed and has the possibility to increase the speed of our mining machines as the difficulty goes up.  We have had to modify the software in our chips to make it work with our new software.  The chips are going to be late; however, our new Intellihash software could be a game changer for the company.

Spoiler:  The "products" have no chips in them.  He never said the products are miners

[crumbs]

I'm waiting for actual pics of the hardware, with performance measurements. "256 GH/s PCI-E Long Module.  Less than 200 Watts"?
Makes no sense to delay chips for only 20% performance.

What do you suppose Ken shipped?

[crumbs]

Ooh I see what you mean. His wording is very confusing. I guess it could be third-party chips?

Or toilet paper.   

[drawingthesun]

Or it could be the host cases and expansion modules without the actual cards. Those are separate products.

I hope not!

[iCEBREAKER]

Watch out, LabKen is using his sooper seekrit software skillz to boost his tardy obsolete vaporware from a lousy 16GH/s to a mighty 19.2GH/s!

Somehow, these chips are late but the first customers are receiving "products" nevertheless.  That's how advanced Untelli-Hash is.  Because it's magic!  And NDA^TM.

Meanwhile, far from the Buttcave...

Just received directly from John. It's still hot 



Boards should come this next week, so lets hope we see a Babyjet running soon 

Wait for it..............

































ALWAYS BET ON iCE...

[hak8or]

Ah yes, all I see is pankake and icekreaker arguing over themselves (I guess?), funny how I only have two ignored users yet I see them so often.

Anyways, I am expecting this thread to yet again devolve into a massive rumor mill yet again. Here is my contribution, since we are moving shares onto a normal exchange, it means that the exchange Active Mining is developing is still going to take a long time.

[crumbs]

This was deleted from https://bitcointalk.org/index.php?topic=206488.240

Quick poll.
1) Did anyone here order from VMC?
2) Did you get any shipping notice this week? If so, what for?

WHY?

Because it doesn't help Ken sell vaporware.  Deleting it costs two mouse clicks.  Simple & obvious

[iCEBREAKER]

Shouldn't HashFast already have delivered by now?

"Should" isn't an objective standard.

The deadline for HashFast's first batch is Dec 31.  If they don't meet it, we get refunds.

HashFast has in-hand chips cut, bumped, and ready for board bring-up.  

Where's LabKen's chip?  Oh wait, don't tell me - eASIC 2.0...NDA...UNTiLLiHASH 20% BOOST...iNTELLiGRATED COLORED SMARTCOiNS... right?  

ActM's competitive edge was their supposedly faster turnaround time, but now that's a thing of the far-distant past.

I invited and pleaded with LabKen to bet on iCE months ago.  He didn't listen, and will now be generating more regrets than coins.  

[iCEBREAKER]

Lets call it the SMART EDITION!

Cheap shares of iNTELLiCOPTURS?

SU&TM$

[VolanicEruptor]

Lets call it the SMART EDITION!

Cheap shares of iNTELLiCOPTURS?

SU&TM$

and our new intelluffagus design is sure to target our retarded 12 year old audience

[iCEBREAKER]

whey i place an order today , when it will be shipped?

Not anytime Soon.^TM

The latest "Progress" Report:

New exchange for shares crypto-trade.

We have been contacted by Crypto-Trade in Hong Kong and will be moving our shares to their exchange.

We have had to modify the software in our chips to make it work with our new software.

The chips are going to be late

Bitfunder/WeExchange Problems:

We have ~106 BTC in the Bitfunder/WeExchange system which we can not obtain.  This 106 BTC has been deducted from our liquid cash position

TL;DR - The chips are fucked, we are hemorrhaging money, and moving to yet another sketchy exchange to raise moar.

[VolanicEruptor]

whey i place an order today , when it will be shipped?

Not anytime Soon.^TM

The latest "Progress" Report:

New exchange for shares crypto-trade.

We have been contacted by Crypto-Trade in Hong Kong and will be moving our shares to their exchange.

We have had to modify the software in our chips to make it work with our new software.

The chips are going to be late

Bitfunder/WeExchange Problems:

We have ~106 BTC in the Bitfunder/WeExchange system which we can not obtain.  This 106 BTC has been deducted from our liquid cash position

TL;DR - The chips are fucked, we are hemorrhaging money, and moving to yet another sketchy exchange to raise moar.

moving the shares to another exchange isn't going to "raise" any money, goof

[iCEBREAKER]

moving the shares to another exchange isn't going to "raise" any money, goof

Re-listing on yet another sketchy exchange allows LabKen to issue/sell more shares.

You of all people should know better than to dispute my ActM analysis, silly goose!

[VolanicEruptor]

moving the shares to another exchange isn't going to "raise" any money, goof

Re-listing on yet another sketchy exchange allows LabKen to issue/sell more shares.

You of all people should know better than to dispute my ActM analysis, silly goose!

he's not issuing more shares.  they already exist

[iCEBREAKER]

moving the shares to another exchange isn't going to "raise" any money, goof

Re-listing on yet another sketchy exchange allows LabKen to issue/sell more shares.

You of all people should know better than to dispute my ActM analysis, silly goose!

he's not issuing more shares.  they already exist

You know the difference between creating shares and issuing shares right?

You know ActM has millions of shares which have been created (authorized) but not yet issued, right?

You know there's nothing to stop LabKen from putting up for sale on CryptoScams his millions of treasury shares, right?

Of course you do!

[iCEBREAKER]

Ok now that everyone has given their two cents. Ken can we hear an update about how much of a delay the chips will be. When do you expect us to be mining? This should be a very simple question with a very simple answer. Just answer the question so people can shut thee fuck up.

These questions will not be going away. The more you dodge them the more you look like Labcoin to everyone here. You are doing the same thing to us that Ukyo is doing to you.

When are these shares going to be ready on CT to trade

Give us a clue Ken.  Are we talking days or weeks?

LabKen cannot tell you for how long the chips will be delayed.  Because NDA^tm.  

Global Foundries doesn't want anyone to know how awful their 28nm 'EZ Copy' is.  OpenSilicon doesn't want anyone to know how awful their physical design architects are (as if the botched tape-out didn't already tell us).

Trading will resume after LabKen dumps another 4-5 million shares on some suckers sophisticated investors via an unregulated Chinese exchange.

Your FastCoins^tm will be IntelliColored^tm, allowing SmartExchange^tm capable hardware (available exclusively from ActM Soon^tm) to monitor share price as it resumes its plummet to zero.

Implementation of IntelliColored^tm FastCoin^tm trading on SmartExchange^tm is immanent^tm.

[VolanicEruptor]

Intellicopterz!

[iCEBREAKER]

LabKen will have chips...

...WHEN iNTELLiCOPTERZ FLY OUT OF HIS BUTTCAVE!!!

[drawingthesun]

Crumbs, iCE and Pankkake. I think it's time to wind down this thread, you guys won and we have lost our investment.

The following factors lead me to believe that ActiveMining is probably over:

- Our competitors sold more hardware in one day than we have ever "sold*".
- *Well we have never shipped anything with our own chip anyway.
- We are now waiting on a physics defying program that makes mining machines faster as the global hashrate increases. This makes no sense and English is Ken's first language so he has no excuse for that Intellihash rubbish.
- We are mining 2 TH/s into December.
- I know believe the extra 1TH/s came from cex.io or a undisclosed Klondike/Avalon miner.
- Ken was very confident he would be able to ship 100TH/s+ by the end of November, it's now December and our hashrate is stale.
- Ken is being more quiet than ever, his focus is on refuting trolls, the real investors are no longer are a concern.

I am not sure what I am going to do, I have a project with a friend that could be profitable in fiat, if so I might be able to resume buying Bitcoins before they hit $10,000 a coin.

This experience has been soul crushing and the reality of my loss has not hit me yet. All I know is that I am in for the worst Christmas of my life.

I only have myself to blame, I am disappointed in myself for making the decisions I made and investing most of my holding into a single company was my undoing. I hope that the hurt and pain from this prevents me from making similar mistakes in the future.