finlof



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Hero MemberActivity: 630Merit: 500 Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] January 29, 2014, 10:37:59 PM #8801 Quote from: minerpart on January 29, 2014, 10:24:20 PM Quote from: zumzero on January 29, 2014, 10:13:06 PM You used to be to most vocal about not feeding the trolls to the point of raising your voice to people on occasion.



Yes and I agree with that which is why I don't talk about cats unlike yourself. I just tackle directly the points that are being made with short rebuttals containing facts. If no serious point needs cleared up I don't respond.



When an apparently genuine accusation of a scam is made you can't just delete that post, it needs to be examined. Spam should be deleted but what looks like genuine complaints should not be deleted because new investors will see that as a red-flag. We need to be open and honest and if you want the wider community to take ACtM seriously you need to layout the facts and keep banging them home.

Yes and I agree with that which is why I don't talk about cats unlike yourself. I just tackle directly the points that are being made with short rebuttals containing facts. If no serious point needs cleared up I don't respond.When an apparently genuine accusation of a scam is made you can't just delete that post, it needs to be examined. Spam should be deleted but what looks like genuine complaints should not be deleted because new investors will see that as a red-flag.and keep banging them home.

most important point you make bolded above. this also means dont speculate on BTC over $5000, dont take a $40,000,000 projected sales figure as truth just because someone said it, etc etc etc. you have hitched your ride to this wagon that we've all been waiting for the engine to be dropped in for close to a year now. take a step back and see the big picture. Avalon reported a total sales of 6 PH of their chips (110nm and 55nm combined) as of 1/15/14. that's 1/3 of total global hash rate. and they reported they arent slowing down because the demand is still so high. they have reported release of their new 3rd gen chips soon, with the next 4th gen project in development. they have all the info needed for mounting chips readily available. THIS is what we need to be pushing Ken to do, if the chips are ever to be a success. we need to know that he has thought this project through this far. that if/when the chips are ready he doesnt end up with a bunch of chips and no plan to get rid of them en mass. most important point you make bolded above. this also means dont speculate on BTC over $5000, dont take a $40,000,000 projected sales figure as truth just because someone said it, etc etc etc. you have hitched your ride to this wagon that we've all been waiting for the engine to be dropped in for close to a year now. take a step back and see the big picture. Avalon reported a total sales of 6 PH of their chips (110nm and 55nm combined) as of 1/15/14. that's 1/3 of total global hash rate. and they reported they arent slowing down because the demand is still so high. they have reported release of their new 3rd gen chips soon, with the next 4th gen project in development. they have all the info needed for mounting chips readily available. THIS is what we need to be pushing Ken to do, if the chips are ever to be a success. we need to know that he has thought this project through this far. that if/when the chips are ready he doesnt end up with a bunch of chips and no plan to get rid of them en mass.

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Sr. MemberActivity: 280Merit: 250IIIIII====II====IIIIII Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] January 29, 2014, 10:55:30 PM #8803 Quote from: finlof on January 29, 2014, 10:37:59 PM take a step back and see the big picture.



Over the past two days I've raised some detailed points about KnC's 20nm Neptune offering, UMC (which no-one has mentioned), the differences between our 55nm and our 28nm product (also largely ignored), the fair pricing of our stock using a Dividend Yield formula, the Ukyo share issue, global foundry capacity (20nm vrs larger die sizes), problems with 20nm and non-scaleable components, the addition of the 55nm chip to our portfolio at no cost, Friedcats 40nm chip project.



If that isn't seeing the bigger picture then what is? Who else is asking these questions or making these points on here? I think if you have been reading over the past two days you would be vastly more informed about our place in the market and potential than if you read all of last weeks pages and that is due in some part to my postings. Maybe I'm delusional, it sure seems no-one thinks I'm doing anything worthwhile so I'll give it up. Good luck with your investment. Over the past two days I've raised some detailed points about KnC's 20nm Neptune offering, UMC (which no-one has mentioned), the differences between our 55nm and our 28nm product (also largely ignored), the fair pricing of our stock using a Dividend Yield formula, the Ukyo share issue, global foundry capacity (20nm vrs larger die sizes), problems with 20nm and non-scaleable components, the addition of the 55nm chip to our portfolio at no cost, Friedcats 40nm chip project.If that isn't seeing the bigger picture then what is? Who else is asking these questions or making these points on here? I think if you have been reading over the past two days you would be vastly more informed about our place in the market and potential than if you read all of last weeks pages and that is due in some part to my postings. Maybe I'm delusional, it sure seems no-one thinks I'm doing anything worthwhile so I'll give it up. Good luck with your investment.

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NewbieActivity: 27Merit: 0 Please ZumZero PLEEEEZ Don't ignore me! January 29, 2014, 11:11:21 PM #8805 1) It is a sad coincidence that some troll who was here before me happens to have used a handle similar to mine.



2) It is sad that ZumZero gets so angry at simple statements.



3) I merely continually point out that some people are imagining earnings and profits and situations based upon made up data



4) I WANT the CEO of Active Mining to succeed.



5) I WANT Active Mining to announce trading.



6) I WANT the stock price to go high based upon profits from mining our own machines.



7) I just find it stupid to continually imagine what could happen and what might happen based upon imagine data.



8 ) If ZumZero has a temper tantrum because I continually insist that the CEO of Active Mining be more open and honest and provide a real time table for completion of various goals, then it is a sad statement on his level of maturity.



9) The CEO of Active Mining owes us, share holders, a reasonable timetable. The CEO of Active Mining needs to be accountable.



10) It is early evening in the USA and the CEO of Active Mining has not provided his promised weekly report.





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Sr. MemberActivity: 476Merit: 250 Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] January 30, 2014, 01:52:20 AM #8809





We now have a team of engineers and a project manager working with eASIC and our other vendors to get this project completed as soon as posible. We are expecting to add 1 to 2 Petahashs of mining in Q2.





Quote Questions:



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



No



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

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

We have changed the 28nm to a full custom to be more competitive. We now have a full team, engineer and project manager working on pushing the 28nm project as fast as we can.



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

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

We will have the board ready when we have the 55nm chips, the design will be used on the 28nm chips also.



Quote 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?

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?

We shipped some accessories products to India.



Quote 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?)



No, the timeline was not too optimistic and there was not a catastrophic failure. In September with bitcoins @ 140, with competition with 400 GH/s and 500 GH/s chips our machines would not ROI, so a decision was made that we would have to refund all of our pre-orders, so we did not commit a lot of our funds to building boards, we was also trying to get enough pre-orders to make our minimum lot with eASIC.



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



We now have a competed design, so we are not in the design phase now. Finding the right engineers, transferring shares from BTC-TC, legal problems with the Bitfunder shutdown, making sure that when we spun up our chip it would work, fighting all the FUD on bitcointalk, etc.



Quote 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)



We have the funds to refund 100% of our pre-orders.



Quote Is preorder money converted to BTC or kept as fiat?



Pre-Orders in fiat are keep in fiat at the moment.



Quote 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?



No,



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

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

CEX.IO



Quote When was the new engineering firm engaged?



December



Quote 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.



Yes, we expect the 55nm chips in Q2, 28nm in Q3. Our RTL is complete.



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



No, but due to competitive reasons we had to move to a full custom 28nm



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



No, Intellihash did require some code to be added, but there were other reasons also that required some code to be written.



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



We no long release the name of our vendors, due to some investors and customers bugging them. We hired them in December and it took a couple of weeks. We had to learn some lessons from the first engineers we hired.



Quote Can you summarize your meetings with eASIC and the PCB engineers?



No, that would be under NDA with eASIC and NDA with the engineers.









ActiveMining-PR Staff

Weekly Update 1/29/14We now have a team of engineers and a project manager working with eASIC and our other vendors to get this project completed as soon as posible. We are expecting to add 1 to 2 Petahashs of mining in Q2.NoWe have changed the 28nm to a full custom to be more competitive. We now have a full team, engineer and project manager working on pushing the 28nm project as fast as we can.We will have the board ready when we have the 55nm chips, the design will be used on the 28nm chips also.We shipped some accessories products to India.No, the timeline was not too optimistic and there was not a catastrophic failure. In September with bitcoins @ 140, with competition with 400 GH/s and 500 GH/s chips our machines would not ROI, so a decision was made that we would have to refund all of our pre-orders, so we did not commit a lot of our funds to building boards, we was also trying to get enough pre-orders to make our minimum lot with eASIC.We now have a competed design, so we are not in the design phase now. Finding the right engineers, transferring shares from BTC-TC, legal problems with the Bitfunder shutdown, making sure that when we spun up our chip it would work, fighting all the FUD on bitcointalk, etc.We have the funds to refund 100% of our pre-orders.Pre-Orders in fiat are keep in fiat at the moment.No,CEX.IODecemberYes, we expect the 55nm chips in Q2, 28nm in Q3. Our RTL is complete.No, but due to competitive reasons we had to move to a full custom 28nmNo, Intellihash did require some code to be added, but there were other reasons also that required some code to be written.We no long release the name of our vendors, due to some investors and customers bugging them. We hired them in December and it took a couple of weeks. We had to learn some lessons from the first engineers we hired.No, that would be under NDA with eASIC and NDA with the engineers.ActiveMining-PR Staff