Topic: [Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated] - page 47. (Read 76050 times)

But isn't KnC gonna be doing preorders. So if you order now you'll be waiting till like December - February to get your miner from KnC?

TL;DR:

No moar ActM trading on BTCT



All good things must come to an end.  And all bad things.

On a brighter note, KNC has shown vids of its new 28nm chips mining.
In real, honest-to-gosh production facilities.
In a finished, production miner.
Shipping any day, over hash spec & under power.
Watch them go here: http://eligius.st/~wizkid057/newstats/userstats.php/17Czc8RVL3FU5T2MLx2zLbRnpfBNgH9vFo

With Bitfury already pumping out product, and a now KNC's new-gen 28nm chips coming online, ActM Easy Copy chippery becomes irrelevant -- a day late and a dollar short.

More lulz:  Apparently Ken's waiting on some Klondike boards -- the ones that don't hash.
To populate with Avalon chips -- the ones no one knew he was getting.
The extra Klondikes "4.5 GH/s * 68 boards = 306 GH/s,"  ~1/2 the hashing power of a single consumer KNC miner mentioned above, should put ActM back on top.
If the boards hash, which, as previously mentioned, they do not.

Share price?  14k bidwall @ ฿0.001470, in a slo-mo slide.

No.  Don't overestimate others.  The shares are tanking because they represent a tangle of underlying ineptitude & fail.  People simply don't value those commodities as much as you feel they should.  The tanking shares represent people's faith in ActM, or rather total lack thereof.
Slaughter, Slaughter & Slaughter -- i couldn't make this shit up!

Dayly update:
Ken has taken an active interest in public relations by announcing that he shall be interviewed by http://thefreebitcoinslist.com/ , a link which politely explains itself thusly:
Thanks for letting us know, dood.  Not quite CNN but heck, Ken's not quite Jobs, amirite?

A probable interview on http://bitcast-radio.com/ (a site with a quaint 90s-style counter at the bottom of the page proudly announcing that i was visitor #1370) was also announced, though its certainty was put in question by DJ Free, who informed us that "I will be posting more info if i get the chance to but i am also dealing with a family health issue right now and not sure if i will have to be going to the hospital or not"

The usual drama...

Edit:  Just to prove this is SERIOUS BUSINESS, the highest bid on BTCT: [email protected]1337

What a load of wank.

The shares are falling because of FUD from crumbs, Ice, and Pankkake.

In november when ken says we are behind on schedule for the eASIC chips, then the shares will have real reason to fall. Until then its a waiting game.

In this bear market, it's difficult to explain a company's stock recovering from a screaming Stuka nosedive, humiliating its naysayers.  For ActM investors, that awkward topic sentence is only a non sequitur, i'm sorry to say.  Their tanking shares are continuing to tank.
As expected.
As predicted.
No explanations needed.
But here is a pic: (Bonus points:  what do you think the red color means?  Describe.)

I'm not sure if "asset holders" is the term you wish to use here.  Are you?

The good news is you'll never see the KenExchange & its accompanying bitgoatse graphics.  The fact that it was cobbled together is irrelevant.  You are, or should be, moving your virtual shares to another virtual puppet playground, Bitfunder.

Im not claiming Ken has paranormal abilities foreseeing this closure, the point is he acted upon it. How many other BTCST asset issuers acted on that information and were or are ready to continue serving shareholders without exchange?

Lolz.  Foreseen?  Burnside *told people* that he would be closing his site to American investors when the news of Pirateat40 FinCen case hit.
Allow me to quote:
"Probably I'll have to close it to US participation though as well."  See here.
I commented on it *in ActiveMiner thread* (see here).
At that point, everyone with more neurons than a fruit fly *knew* that the exchanges were going to fold, one way or another.  Sure, he was asped by the mighty interwebz warriors, and posted a limited retraction the next day, but those whose synapses weren't fused by syphilis germs got the message loud & clear.


What in the world makes you think that those with money on Labcoin believe it will succeed?  Labcoin is getting traded like the proverbial read-headed stepchild.  It's used as poker chips.  Everyone is playing musical bag-o-dick.  Learn to gambling, pl0x.

And what makes you think that people divesting from one idiotic playvestment will instantly invest in an equally lulzy one?

Reasoned?  Activeminer's 28nm chip is being developed by easic, we know that, it is on easic's website. easic isnt a small bunch of amateurs, there is absolutely no reason to believe they wont pull this off easily. As for the CEO's capabilities, Ken may or may not be a marketing guru, but at least his websites work and when BTCT closed not only did he manage an orderly migration to bitfunder in next to no time, he said they had foreseen the closure of both exchanges and had already developed  their own trading platform that would operate from Belize if the need arised. Now thats what I like to see in a CEO: foresight and bold actions.

Now compare that to the labcoin boosters who bet their money on a very inefficient 130nm chip thats supposedly developed for free in a university by a student no one's ever heard off,  is being deployed by a company who's CEO  does internet sales of mobile phones, but doesnt have a public website. A chip they claim 2TH of which is deployed since a few weeks, but of which no pictures, no video, no nothing has been shown. The only "evidence" is that they are sometimes mining at ~800GH at a pool, but most people suspect that is obtained with avalons and bitfury's that Theswede is known to have bought.

Oh and they have a future  65nm product under development; the only guy working on it is only working on its IO periphery, he doesnt know who will do the rest, and claims he himself is probably not capable of designing the core, is not aware of the 130nm chip, has no clue of a timeline for the 65nm one  other than that he expects his part of the design to be ready this year.

Yeah. By all means, sell your Active miner shares and buy some labcoin.

activeminer may or may not succeed, but Im quite confident its a very serious attempt with fairly good odds.

You are right about that. Thanks for a reasoned reply Crumbs

No, at this point we can't really tell, but as the ActivMining story unfolds, more and more ugly factors come into the light.
In the best-case scenario, if the chips do materialize, and meet design specs, and this happens on schedule, the overall profitability of ActM is still uncertain.
Among a slew of problems, Ken's unwillingness or inability to function as a real corporation, assigning tasks & delegating authority to others -- is a huge one.

Without getting lost in the details, if a tide floats all boats, it also grounds them when it goes out.  Get ready for low tide. <


Edit:  Of course, the short attention span you talk about also plays into this, *as is banking on that same attention span & lack of reasoning skills*.  You know this.

Crumbs, why would the stock be appreciating at this time? We can only fully tell where we stand once the chips arrive. Then we can tell if this company will be a dud.

You know most of the decline in ActM is because no investors here can focus for more than 20 minutes and want immediate results. You may be right, ActM could stink, but at this point we can't really tell. If we get hundreds of TH/s in November that might be enough, it might not.

There's not much left to say about ActM.
It was a decent joke, but, lacking a plausible plotline & a coherent story arc, it failed to translate into a watchable sitcom.

Granted, The Fates were unkind, twisting ActM's temporal thread into the Gordian Knot better known as "clusterfuck" to the denizens of these boards.  The cast has soured, dumbstruck by grief & embittered by poverty.

And, when it seemed like things couldn't get any worse, our heroes barfing up the last of delicious kool aid, Da Pigs pwnt the party.  Sending dry-heaving investors scurrying for the rickety shelter of Bitfunder.

Uncool, pigs!
Y U be hatin' on free marketz?

ActiveTrading?  The mutant offspring of Picostocks and goatse!   

I'm not sure if Ken's open to hiring top-notch designers.  He was offered an acceptable site, free of charge, and turned it down.  The given rationale was incompatible backend, but the amount of commerce done on existing site could easily be handled by one of the other Slaughters, with a #3 pencil & a stickums pad.
In other words, unlikely.

There's more to ActM than just a veneer of incompetence.

Well I do prefer getting on BF or HL in the immediate future.

However if Active started hashing and could pay some top-notch designers and do the whole thing professionally it could be a good idea for the far future.

So i heard Ken's starting his own exchange   You all in?  Imagine the graphics...

Nope. :p

Lol, is this you? 6,666   ฿0.00150001

Edit for numerologists: 6666*.00150001 = 9.99906666

Oh crumbs!