Topic: [Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated] - page 45. (Read 76098 times)

You seem to have a permanent knack to manipulate everything...

My original estimates were targeted at the short to medium term profit which was based primarily on the delivery of 20k Avalon chips and made sense until Ken decided to cancel those orders and ask for a refund.

At that point I decided to stop doing more, as: (1) without quantities, (2) more concrete dates for eAsic hardware delivery and (3) correct sales revenue, they would just turn into 100% speculation and I didn't want that.

Even so, all my estimates specifically described the scenarios and conditions they were based on, as thoroughly as possible, with the available info at the time they were made.

It's not going to happen.

But if it does happen, it will be terrible news.

I might respond to your points tomorrow as right now I am falling asleep at my keyboard. (Blame assignments keeping me up.)

Some points you make are good, but I wanted to address this before I log off for the night/morning:



I got an aggressive vibe from this, I don't think I am conflating much. :p


Well I have a value of x right now that could be worth x++ in a month or x-- in a month, so until then I am glued.

If the eASIC is done with the chips, the NDA is over.

Maybe Ken's "major announcement" will be that he took my advice in August, got a refund from eASIC, and bought a bunch of HashFast/CoinTerra chips instead.

I truly believe ACTM's core competence is provision of hosted ASIC mining (not marketing/sales/R&D/chip design).

It sucks for ACTM investors/customers that they gave Bitcoins to ACTM right as the sun was setting on the era of one-guy-in-his-garage ASIC firms.

Hi Sun,

I know you expected a financial report, but you should have learned from previous ACTM failures and known better.  Do less expecting, not more.

eASIC can deliver slow, obsolete chips for a million years.  If nobody buys them, it's stupid to expect a good return.

Start-ups get venture/angel capital, which involves oversight and accountability.  ACTM has zero oversight and zero accountability, because it raised capital using illegal securities.

There is no aggressive tone here bro.  I'm simply making my points as explicit as possible.  Your (all too common) mistake is to conflate disagreement with aggression.

VBS may not have been formally employed by ACTM but he was on the Board, provided rosy profit projection spreadsheets, and induced Americans to purchase ACTM shares on unregulated exchanges.

He could at least have the decency to show up, admit being wrong, and apologize to those his idiocy cost time/money.

Unlike ACTM, IceDrill is not a US-based company.  It's incorporated outside the US.  It's principles live outside the US.  It's assets are also outside the US.

Bringing IceDrill into a discussion about ACTM is "throwing shit at the wall and your points are badly made or simple too overly aggressive."

Stop wasting your time fretting over your failed ACTM investment.  Write it off and move on.  Don't worry, we all make mistakes.

We all know the ActM ASIC is not comparable to KnC, Bitfury and HashFast for efficiency. The advantage was meant to be the ability to order large amounts of chips on the go very quickly once the initial design was complete. That was the eASIC advantage, although admittedly the difficulty rises are leaving us behind and no one predicted this, even IceDrill shareholders had no idea.

Will the eASIC deal ever make us back? Possibly not, especially if we don't get over 100TH/s in the next few weeks. Like I said, startups, many fail.

Although a failed startup does not make it a scam.


The trouble with getting hardware is that the only one who profits is the company that made the device. This is also my concern with the current climate in Bitcoin mining. The only people now making profits in Bitcoin mining are private companies. Bitfury, HashFast, etc....

I originally got interested in ActiveMining because I supported the idea of a public company that could take a piece of the pie.

I know everyone wets themselves over HashFast and Bitfury these days, but just remember who is making the real profits. Not the community, but a handful of private investors. I fail to understand the circle jerk surrounding these wealthy private concerns. I was wrong about Bitcoin, its not about the community and being decentralised for most people, its all about the money. I failed in my investments because I was naive.

You can easily sink without the main product being tested.

ACTM's pokey little 16GH chip is not a true 3rd gen ASIC.  It is not more efficient than KnC or BitFury, much less HashFast.

The difficulty has exploded while Ken fooled around deleting my posts and designing endless logos/hideous web graphics.

That's how your ship sunk before leaving the harbor.

I'm very happy to be getting hardware for my IceDrill shares.  Now I don't have to pay for hosting and reinvestment funds!

And I'd much rather have 1.2TH Batch One Sierras than any number of ACTM shares.

No, I expected a financial report. What more can I do?


The aggressive tone is not needed Ice, chill.

Lets assume I bought a share at 0.0005, its not stupid to expect a good return if eASIC delivers a large amount of chips.


Not sure how a badly run company and late order of experimental chips becomes a scam. Start-ups take investment money everyday and most fail, are they scams too? No. Invest in risky ventures with unproven founders and sometimes you will lose money, thats the way this scene works in Bitcoin and outside Bitcoin. To me it sounds like you would never risk money on a unproven person or unproven technology, which confuses me as you are obviosuly into Bitcoin.


Yeah thanks.


VBS was never employed by ActM, so I doubt he has to worry about anything.


Not sure why you are hostile to unlicensed security scheme's all of a sudden, it was ok when you was investing in Ice, but ActM is not ok?

Double standards really do not paint your argument well.

Ice, you are throwing shit at the wall and your points are badly made or simple too overly aggressive as if I have hurt you. I don't understand why you are wasting your time here.

Maybe if you cheer moar, Ken will appear and take you out to dinner, a movie, and maybe....

Are you kidding?

How stupid must one be to expect anything except complete financial loss from ActiveScamming?

You actually thought there was going to be a financial report?

That's cute.

I suppose you also think VBS is going to update his failed ActiveScamming profit projections?

Too bad VBS ran away a month ago.

VBS is desperate to cover his ass from the inevitable repercussions of his aiding and abetting ActiveScamming's fraudulent unlicensed security scheme.

He could apologize to his victims at the very least.  What a coward!

Ice come on! The eASIC thing is real, it might not pay off but its still on the table. How can we actually sink without the main product being tested? Yeah it might fail but none of us know that yet.

Anyway, do you really want to know why no one over in the moderated thread listens to you? Because you are heavily invested in the competition and thus have a bias to everything you say.

Also you are not invested in HashFast and I told you ages ago that was your error, now IceDrill is not doing so well and turning shares into a mining machine, the entire investment is certainly lackluster (I was also once a massive shareholder in IceDrill but got out a long time ago)

My mistake was investing in ActiveMining sure, but I definitely can't say for certain its sunk when we have chips around the corner.

Thanks for making this open, uncensored forum for ActM discussion.

Isn't it funny the ACTM cheerleaders truly believe we are the same person? 

Of course they'll believe anything (being ACTM investors and all).   

The ACTM ship has sunk, but the cheerleaders are still cheering in their reality-free bubble.

HashFast now has native CGminer support.  ACTM doesn't.

HashFast has released their revolutionary Golden Nonce Interface Protocol.  ACTM?  Crickets.

HashFast has an exclusive partnership with CIARA, to maximize assembly/testing/shipping capacity.  ACTM?  More crickets!

HashFast has over 20 people in Silicon Valley working on sales, marketing, R&D, engineering, and customer support.

We're supposed to believe that one guy plus his dad and brother possess the rare combination of talent needed to get a 3rd gen ASIC designed, assembled, and delivered?

dont worry, they've (meaning Ken cause no proof of anyone else even working there) got it covered

Oh Kenneth...  yet again you choose to answer the least important of the questions.


this kind of post does NOTHING to help the credibility of ACtM, does nothing to invite real discussion, does nothing to further the views and goals of the company.  yet you overlook it, and delete my post which calls him out on his bs.

Look, I'd still have a decent-sized investment this company had Bitfunder not screwed us Americans.  i wasnt about to sit there and potentially lose all of my investment.  I cashed out of all my stocks on there (ASICMiner, Icedrill, ActiveMining, and several others).  I do think this company has some potential, but without any real info from you or someone qualified to speak on the company's behalf it really damages the image and confidence.  I've run a successful computer company for many years now and know that even basic communication, even if it's just saying "i dont know", works wonders for my clients' confidence, satisfaction, and repeat business.

if nothing comes of this PM then oh well.  i only have 10 shares of ActiveMining (on cryptostocks).  no big loss for me.  i know you have much more to gain than anyone.  i'm just concerned you dont have enough to lose, and that's why we get no info.

i know you are on this forum a lot.  i hope to hear back from you soon.


woah now crumbs... dont go accusing these guys of thinking...  it's apparent they are only there to do important things like name-call, skew the things that you say, and mindlessly cheer on their "team" which hasnt ever played a game or even shown up to the field yet.  doesnt take any thinking to do any of that.