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Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 114. (Read 629899 times)

hero member
Activity: 630
Merit: 500

First of all, I don't want to do business with bitpay because they are in bed with BFL.  Second, there are a lot of other things going on in the background that need to be taken care of, i.e datacenter, cash flow, lawyers, MSD, customer service, just to name a few.

please send me a bitcoin pmt address for the 2 units I have placed an order for.

payment address was given via PM and payment has been made.  I will update as to the status of my shipment and report once i receive and hook up the miners.
miners show as shipped.  expected delivery via fedex on Thursday.  a little slow for the $100 shipping charge I paid.  they are shipping from Reno, NV.  will update once i receive and hook these up.
shows out for delivery.  i wont post any pictures but i will post my feedback.

products delivered.  no instructions, but i'll see what i can figure/find out.  will post more later
legendary
Activity: 1176
Merit: 1015
Ken, any views on https://www.coinprism.com/, it seems to be finally happening.
hero member
Activity: 630
Merit: 500

First of all, I don't want to do business with bitpay because they are in bed with BFL.  Second, there are a lot of other things going on in the background that need to be taken care of, i.e datacenter, cash flow, lawyers, MSD, customer service, just to name a few.

please send me a bitcoin pmt address for the 2 units I have placed an order for.

payment address was given via PM and payment has been made.  I will update as to the status of my shipment and report once i receive and hook up the miners.
miners show as shipped.  expected delivery via fedex on Thursday.  a little slow for the $100 shipping charge I paid.  they are shipping from Reno, NV.  will update once i receive and hook these up.
shows out for delivery.  i wont post any pictures but i will post my feedback.
sr. member
Activity: 476
Merit: 250
I placed an order yesterday for 2 goldrush cards, but was not sent any confirmation email.. Feeling somewhat uncertain wiring close to 1800usd on these lose terms..

What is your Order Ref number:
member
Activity: 106
Merit: 10

Thanks, I be answering most of these question on Wednesday.

Ken,

Good news/Bad news... just wanted to say thank you for the dialog and for showing a presence these last few days.

Shao
member
Activity: 71
Merit: 10
I placed an order yesterday for 2 goldrush cards, but was not sent any confirmation email.. Feeling somewhat uncertain wiring close to 1800usd on these lose terms..
sr. member
Activity: 476
Merit: 250
Ken you made an error with your quoting in your previous post, FYI. Hashfast seems to be going bankrupt. What is the plan for a proprietary chip?

Thanks, I be answering most of these question on Wednesday.
hero member
Activity: 518
Merit: 500
Hodl!
If they go bankrupt, the IP will be dirt cheap Cheesy
member
Activity: 61
Merit: 10
Ken you made an error with your quoting in your previous post, FYI. Hashfast seems to be going bankrupt. What is the plan for a proprietary chip?
sr. member
Activity: 476
Merit: 250
I'm thinking about purchasing an additional 100k , but it's a gamble right now.  Share price is super cheap and the slightest bit of good news can move them up in a positive way
+1

It's amazing to think I could almost double my entire stash of ActiveMining at these price points. Kinda sad.

Might be sad when you don't double your stash.

Have you seen what DTS has been through over the past year? And you are telling him to tie up even more money that he can't afford into this amateurish outfit? You freely admit the company is dead unless we have a huge spike in BTC price in the next 12months (I very much doubt we could last a full 12months at these prices) and that is in NO WAY guaranteed. You have miss-managed ACtM into a deep deep pit yet you are still encouraging people to put even more money into this?

You said you were not buying shares yourself - mmm

So my question is - are you SELLING any shares right now?

No, I am not selling any shares and AMC/VMC is not selling any shares at the moment.
sr. member
Activity: 280
Merit: 250
IIIIII====II====IIIIII
I'm thinking about purchasing an additional 100k , but it's a gamble right now.  Share price is super cheap and the slightest bit of good news can move them up in a positive way
+1

It's amazing to think I could almost double my entire stash of ActiveMining at these price points. Kinda sad.

Might be sad when you don't double your stash.

Have you seen what DTS has been through over the past year? And you are telling him to tie up even more money that he can't afford into this amateurish outfit? You freely admit the company is dead unless we have a huge spike in BTC price in the next 12months (I very much doubt we could last a full 12months at these prices) and that is in NO WAY guaranteed. You have miss-managed ACtM into a deep deep pit yet you are still encouraging people to put even more money into this?

You said you were not buying shares yourself - mmm


So my question is - are you SELLING any shares right now?
hero member
Activity: 602
Merit: 500
myBitcoin.Garden
Next couple of days, we have racks ready to start up tomorrow, which we could not run due to the heat.  As far as the AC, that is all we have in this datacenter; however, we should be able to run this and and have income of ~$600,000 is the next year at the current price of bitcoins.  What we are expecting is that during the next year bitcoins will go up in price.

I totally agree with kleeck in his interpretation of the above in concluding that Ken's intention was to instruct shareholders that ActM will operate this data centre alone for the next year.  

Let's hope that Ken takes advantage of the Q&A to explain this and share his plans with us.
hero member
Activity: 532
Merit: 500
https://karatcoin.co
if the data center can host ~180 Ths max, then we will need 3 more just like it to be at all competitive in the mining game (Petamine has ~700 ~500-600 Ths up and running right now, and they started in October 2013!)

what are the plans for expansion? will the focus be on chip sales (if a full-custom ActM chip ever materializes)? ActM's DC seems like it is up against a wall here and I hear nothing regarding this problem or any solution.

I absolutely agree here. The last post Ken made seemed to imply that we were going to sit on this paltry hashrate for a year. That is simply not acceptable. Ken, if I misunderstood your prior statement please correct me. What are we doing to move this hashrate beyond the logistical limitations of the current DC?
legendary
Activity: 1456
Merit: 1010
Ad maiora!
if the data center can host ~180 Ths max, then we will need 3 more just like it to be at all competitive in the mining game (Petamine has ~700 ~500-600 Ths up and running right now, and they started in October 2013!)

what are the plans for expansion? will the focus be on chip sales (if a full-custom ActM chip ever materializes)? ActM's DC seems like it is up against a wall here and I hear nothing regarding this problem or any solution.
full member
Activity: 207
Merit: 100
Maybe the products are still available and will be shipping using ACTM's own 28nm full custom chip in Q3.
member
Activity: 106
Merit: 10
I wonder if the website still shows the old products because of the active pre-orders for them. I wonder if they were removed if that would some how cross some legal line. Of course I'm assuming that there are still outstanding orders for those products that for some reason have not been converted or refunded.
sr. member
Activity: 517
Merit: 250
2nd week of June the next btc wave up begins.  BTW I'm buying more ACTM.  Everyone in this space has problems, even KNC.  At least ACTM doesn't ship out broken boards.  The mining field is very smoky after everyone getting bombed, but the smoke is starting to clear and we are looking to be in a pretty good spot.  Cointerra has even semi emerged.

I go to a lot of BTC functions, and now we need advertisment.  I don't see any VMC Products anywhere.  I was at teh BTC Center in NYC last night and they have a Cointerra miner set up for people to view.  I sugguest we do something similar.  I have the connections, just ask......no pun intended.
member
Activity: 71
Merit: 10
Was trying to place an order for 2 goldrush units, but i cant seem to get past the shipping info, it will just stop at "retrieving information", and then nothing shows up, not allowing me to select shipping to sweden   Huh


worked earlier today, thats the sad thing...

doesnt give a very good impression sadly - sharetransfer email not working, unable to place orders on the website..  Undecided

Ok, I will fix that right now.

Thanks, worked fine now Smiley

Order placed for 2 goldrush asics, just have to wait for international wire transfer to process now  Roll Eyes
hero member
Activity: 658
Merit: 500
decentralize EVERYTHING...
What happens if you DON'T ask for your assets to be transfered to Crypto Trade?

You lose them?

You don't lose them but you don't get dividends?

Nothing happens but you will someday get another chance to trade them?


I look at the prices assets go in CT right now and my head explodes.
0.000078   Shocked

My faith in AM is diven my MANLY TEARS

I haven't seen answers to these questions yet, but the end of the "migration" of shares is May 21st.  At which point (theorhetically) we would be greenlit to begin receiving dividend payments.

I would love to have this answered: do we lose anything if we DON'T transfer the shares now? is it "mandatory"?  will divs be paid both to transfered share holders and to those that did not do anything before 21 May?

clock is ticking and I don't know what to do  Huh

You're not "transferring" anything, your shares are currently the property of AMC-TENDER. You SHOULD claim them immediately otherwise there's no possible way you'd get dividends.

Not sure why you don't want to but you should follow the outlined claim process to receive your shares into your possession.
hero member
Activity: 602
Merit: 500
myBitcoin.Garden
@ bitlind   My British sarcasm is lost on you and it's fine that you misinterpret it.  I am diplomatic by nature and am many years your senior so please do not allow your feathers to get quite so ruffled by my writing style and intentions.

I need to agree with your sentiment though.  Your criticisms are valid and we all wished that we'd invested in a company that took us to the Moon and was landed by Neil Armstrong with just seconds of fuel remaining.  But that is not the case and life doesn't work out the way you want it to sometimes (ACTUALLY MOST TIMES).  Ken has failed in a number of aspects of this business and yes the website is a f**king shambles however, there is one crucial underlying and recurring reality here, which is Ken Slaughter is constantly working on ways to make ActM a huge success.  He thinks outside the box and is a fighter.  I'll say it again;  I will not be surprised at all if he pulls this off.  Something is going to happen (be it the next btc wave, or whatever) and Ken is going to take advantage of it.  Who knows, it might even be the new PCB assembly service.  What a turn up the the books that would be, eh?  As long as Ken continues to be driven by the desire to get us to the Moon and provided he can keep the company above water until the next wave of adoption then I really do see a bright future.
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