Quote from: Puppet on January 08, 2014, 10:21:37 PM

Quote from: MWNinja on January 07, 2014, 07:14:03 PM

You missed the first ASIC company to bring a product to market - ASICMiner. Sells overpriced outdated technology at prices where the only one seeing ROI is ASICMiner.

Well, I didnt forget them, but they dont seem to selling (directly) to end users anymore in so far they are still selling anything at all, so Im not sure its that relevant for this thread.

I did add VMC, I somehow seemed to have forgotten them, and Im surprised no one thought of pointing that out.

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Virtual Mining Corporation (VMC/AMC) ?/5
VMC is developing and selling preorders for 28nm structured asics, but havent shipped anything yet and havent really shown anything yet. Not much is known of their schedule and even less of the current project status, other than that its being delayed. Despite a public and verifiable partnership with eASIC, a well known semiconductor company with unquestionable expertise, and a business approach that in theory should enable fast time to market at relatively low risk, VMC is cloaked in so much secrecy that serious questions can be asked about their credibility.

http://virtualminingcorp.com/pr130904.pdf

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The fast design and turnaround time of Nexteme-3 28nm single via configuration ASIC devices coupled with the impressive performance and low power makes this an ideal solution for our Fast-Hash-One Bitcoin Mining Machines, said Kenneth E. Slaughter, CEO of VMC. The performance we have seen from the 28nm Nextreme-3 family has allowed us to develop a scalable platform that provides the computing power to satisfy the most demanding Bitcoin Mining cryptography problem. added Slaughter

http://virtualminingcorp.com/about.html

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Here at Virtual Mining Corporation we understand what Bitcoin miners want and need, because we are miners too.

Kenneth E. Slaughter, CEO Virtual Mining Corporation

http://www.ripoffreport.com/r/virtual-mining-corp/springfield-missouri-65802/virtual-mining-corp-vmc-ripoff-by-virtual-mining-corp-vmc-bitcoin-mining-company-spring-1107833

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I have pre purchased at bitcoin mining system from Kenneth Slaughter of http://virtualminingcorp.com
for $4700 for the last two weeks I have not been able to reach him. I have phoned and left voice messages and sent many emails asking him why he has not delivered in November the mining system. I wanted to know from him when he would be able to ship out the bitcoin miner!

At this point has anyone else has problems with this company?
Any responsible business would at lest have a message to the customers on there website.

They would have people answering the office phone. So we have a single person for contact and he is not communicating?

The affiliate company to VMC called Active Mining Corporation (Belize), I did a search online in belize and could not find this company?
VMC is getting there Asic chips from easic http://www.easic.com
I don't know what Kenneth E Slaughter is doing but one thing I do know he has my money and I am starting to think that VMC company is not on the up and up!!!

Quote from: kslaughter on January 09, 2014, 12:41:52 AM

Weekly Update: 1/8/13

Question From VinceSamios:

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Update Requests:
When and Where will we be able to trade shares?

Crypto-Trade and ChromaWallet (colored Coins). As soon as we get time to finish the
verification interface; however, our core business comes first and working on Intellihash.

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When is the first batch of chips/boards supposed to arrive at VMC Assembly?

Our engineers are still designing our board. We had to change our engineering firm, and
learn a few lessons about hiring an engineer firm. We don't have a date at this time.

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What do you estimate the ActM hashrate be at the end of January, February and March?

Due to our inexperience with design, we have had a few set backs; however, we have hired
the most competent RTL design team to make sure that when we spin up our chip it will work. They are
very competent at Low-Power and getting the most speed from the chip.

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Do you have any more accurate energy efficiency figures yet? w/GH?

Not at this time.

Comment From The CEO

How I see us going forward is we will get our chip and boards into production as soon as possible. Active Mining is in one of the best positions to take advantage of the Bitcoin network. Once we have our chips and boards in production this year we will be one of only two companies in the world which manufactures Bitcoin mining hardware and also mines. With this combination we have unlimited availability to bitcoin mining hardware only limited by our resources. What I see in the future is bitcoin's exchange rate for USD going to over $10,000 in the next year. If this happens Active Mining with its own chip, our current resources which will be increasing with the exchange rate, and eASIC as our partner will put us in an excellent position to dominate our market. Intellihash will just be an added boost should it turn out to be a game changer.

Kenneth E. Slaughter, CEO/CTO

Forward Looking Statements:

This press release contains forward-looking statements, including, without limitation, statements related to VMCs future sales and the value of bitcoin and future hashing rates. Words such as "expects" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon VMCs current expectations. Forward-looking statements involve risks and uncertainties. The companys actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, economic conditions, customer business environment and inventory levels, government and technological factors outside of our control, adoption and roll-out of products, risks related to ability to capitalize on growth opportunities and markets, risks related to our ability to manage our growth and other risks that may cause our business, industry, strategy or actual results to differ materially from the forward-looking statements. VMC expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.

Active Mining PR-Staff