Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 151. (Read 629902 times)

Live updating the content to put the new equipment on sale?

Whats up with the website? http://www.virtualminingcorp.com/  "Template Error: The template file must be given (or the template could not be opened)"

The irony of the MSD standing for "Investor Protection", when they're actively achieving the opposite in this case.

Ken, Why has my order ZZCZQMDVL shows as "cancelled" now when you committed to ship me this on Monday April 14?

At the same time my previous order QNSJBYJUB is now showing as "refund" when I never asked for one. We've agreed for you to transfer the cash from the old order to the new order.

lol

Ya man , I hope so too .
Ken , Please ship me 4 of these Gold Rush Boards instead of the prospector boards .

Yes, we will be using the Gold Rush cards in our farm after we install all of our Prospector cards.  Time line has been set, 100 TH this week, then up to ~170 TH within the next month.  We have just install enough power to do this.  That is if we don't sell to many of our Gold Rush cards.

Can you share specific information in regards to how much more hash power is going to be added? A detailed time line would be great. Are we going to be using the new Gold Rush mining card for our farms from here on out? Please let us know. Thanks.

The general theory is that the reports are being withheld until the MSD investigation is over.

PS. Ken doesn't moderate this thread and you aren't even a shareholder

Ken likes to delete posts. These deletions include posts that I feel are entirely relevant and make reasonable assumptions and place fair criticism on the actions of Ken and ACTM/VMC.

@Ken: if you feel this post does not belong in your moderated thread, please state why. Quote whatever portions of it ARE fair, and answer to the criticisms as best as you can. If nothing else, and my post must be removed entirely, at least answer to this:

WHERE ARE THE FINANCIAL REPORTS THAT YOU SELF_IMPOSED AN APRIL 1ST DEADLINE FOR?


simple point: actm has made well over 100BTC mining, starting with 737GH of avalon equipment (avalon units and K16 units) in late 2013. They have probably mined far more. WIth the current turmoil there are no shares to give dividends to, and financial reports were due 22 days ago


lets go through.

shares:  still not available. ken promised these would be in operation long ago, and if you asked even the supporters about it 2-3 months ago they would likely have never dreamed it would take this long. The phrases "next week", "later this week", and "by next month" are common

refunds:  apparently these are mailing out as cheques, rather than bitcoin payments as requested by users (or at least loudly and frequently by magzy).

hashrate:  ken had 737GH of gear running since late 2013. this hashrate has likely made him DOZENS (hundreds?) of bitcoins at no cost to himself and with zero return to investors. even now it is on btcguild seperate from the eligius farm (it should share on the eligius page or have its own eligius address).  He promised 100TH deployed in april and 100TH in May. Its not even 57TH yet and he is adding only about 3-4TH a day on average.

dividends:  None yet. he lost shareholder bitcoins by holding them in mtgox (either terrible money management or a convenient excuse), and there is no sharing at all from the aforementioned 737GH he has been running for about 6 months now, or the more recent 30BTC from hashfast boards. Neither are there any dividends from selling ~$100,000 worth of the hashfast boards on the VMC website.  (again - people should not have stored large sums money on a hot wallet like a virtual exchange meant for playing cards)

yes he is still here, yes he is 'adding' hashrate - but there is no return of the profits to investors and his financial reports are 22 days past due
[/quote]

The problem with the logistics is that our people have been working on our mining farm.  After the mining farm is built, then there should not be a problem.

It took BTC just over 3 weeks in November to go from previous high of $260 to close to 5x that.

Yes, "only double" is pessimistic, considering the highs in periodic market rallies have been 5-10x the previous high.

There's nothing wrong with being Bullish on Bitcoin! 

 

Your "most pessimistic" estimation for BTC price in about 2-3 Months is $2000, almost twice the ATH of BTC? Oh ok.

Great news.

How will this affect sales of the Prospector?

Can VMC handle the logistics if this becomes a popular item seeing as there have been many issues with the small amount of Prospector boards sold so far?

Will any of these boards be added to the mining farm?

My crystal ball sayeth, that the absolutely most pessimistic, sky is falling, depressively paranoid, lowest high, will be around $2000 in mid July this year.

Ergo, calling for a $750 average over 6 months from now is very conservative I think. Best if you can cover the electricity out of pocket for now and hodl, though.

Except it's not averaging at $750, so this is dumb.  It will currently earn back 4.1 bitcoin based on average difficulty increases before it is unprofitable to mine at .15cents a kwh.  Since it costs about 3 coins to buy one, you'll make 1.1 coins.