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.
Why is that? I can understand a goof-up on the part of the engineering company, but I fail to understand how a new company would not give timelines and milestones to a customer. I know I would not contract someone who cannot give me details on deliverables and dates.
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.
So did you ever receive chips from eASIC and those were faulty or did the design fall through before a production run? And WHEN did you bring a chip design team on board?
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.
For that, we would have to have working chips and soon. If the bitcoin price goes to $10k, there will be big players entering the business with more resources and experience making ASICs. So, I cannot see how we are in one of the best positions without working hardware.
What I see in the future is bitcoin's exchange rate for USD going to over $10,000 in the next year.
I find this frightening. For one I don't see such a valuation this or next year and it sounds as if you are banking the future of the company on such a rate.
It could well be that we have nothing, nothing at all.
There is no evidence that would suggest that's the case.
I am not a chip designer, but from what I read, it seems that the RTL code compiled to VHDL is basically the blueprint for the chip. If Ken needs to hire specialists to fix his RTL, it follows that we do not have a working chip design yet. This is compounded by the fact that we don't have a working PCB design either. So, this is plenty of evidence for me.
Maybe someone with actual knowledge about chip design could chime in here.
Unfortunately, I have to say that skeptics like Mabsark seem to have hit the nail on the head - this enterprise is going nowhere but down.