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Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 152. (Read 629902 times)

sr. member
Activity: 280
Merit: 250
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Announcing our Gold Rush mining card:

In Stock ready to ship:

$1,499.00 .89 Watts per GH, 750 GH/s +/- 10%

PM me for orders for 10 units and over.  On our website soon for single orders.

Limited availability.

750GH/s for 1.5k USD is good. If you run this machine for 6months and BTC averages $750 over that six month period the profit will be around $4,555 and break even is around 50 days.
member
Activity: 103
Merit: 10
Announcing our Gold Rush mining card:

In Stock ready to ship:

$1,499.00 .89 Watts per GH, 750 GH/s +/- 10%

PM me for orders for 10 units and over.  On our website soon for single orders.

Limited availability.

Good news - lets hope emkay47 is shipped 4 of these for his unexplained delay..

++
full member
Activity: 142
Merit: 100
Announcing our Gold Rush mining card:

In Stock ready to ship:

$1,499.00 .89 Watts per GH, 750 GH/s +/- 10%

PM me for orders for 10 units and over.  On our website soon for single orders.

Limited availability.

Good news - lets hope emkay47 is shipped 4 of these for his unexplained delay..
sr. member
Activity: 476
Merit: 250
Announcing our Gold Rush mining card:

In Stock ready to ship:

$1,499.00 .89 Watts per GH, 750 GH/s +/- 10%

PM me for orders for 10 units and over.  On our website soon for single orders.

Limited availability.
member
Activity: 97
Merit: 10
Exactly Ken ,
Its been 20 days , 1 difficulty up already .
What is the point of '' immediate delivery '' , when its no where near that .
Even the 1 board which i have received already , was shipped after 12 days .

I also placed order for Harness Kits a week back , even that is not shipped yet .

What does this all even mean Ken ?
sr. member
Activity: 280
Merit: 250
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Can you prioritize shipping Ken? I know it's not yet a big part of our business but if you don't get boards shipped out promptly after an order is taken then people will rightly be disappointed and sales won't take off as they should because of the resulting negative feedback. I'm sure you are more than aware that a sold miner is instant payback and generates instant profit that can go back into expanding the business. Ta.

sr. member
Activity: 476
Merit: 250
We are starting to issue refund checks starting today.
sr. member
Activity: 476
Merit: 250
sr. member
Activity: 280
Merit: 250
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Well all you can say is that money has come out of the ACtM Wallet. This may have gone to a supplier and as we need to pay suppliers I think that's the most likely answer. Boards and chips don't come for free.

Everything is traceable as you have shown. If the financials when we see them don't corroborate these balances, payments and movements of funds we will be able to see that. I'm afraid with ANY company which has the CEO as acting CFO you need to trust that individual. You invested in Ken so you placed your trust in him.


legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
Quote from: kslaughter on May 27, 2013, 02:21:51 PM
Quote from: Shasoudas on May 27, 2013, 09:05:56 AM
Would publishing AMC's bitcoin address add transparency since we can see proof of purchase of Avalon chips, etc.

I think it would:  Here is the address we are holding bitcoins at to purchase the chips:  16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP
We would like to purchase a full batch as group purchases have a commission of about 9.5%
----



looking forwards to financial reports, since the movement of ACTM funds is astounding, as well-blurred as anything mtgox ever did. here are some addresses to start the hunt at:

https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa?filter=1     (all the sent funds from the current eligius mining address)
https://blockchain.info/address/16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP  (where most of these funds went, a known account of ken's that was to purchase chips from)
https://blockchain.info/address/1HtoMBUKzRgS5X9WdnwZiQKQccvWBCPGx
https://blockchain.info/address/1LJDfEYvBG18LNXUG6xeSCrs3B4sdBKb1D    (200BTC came here and then was split into 4 50BTC addresses)
https://blockchain.info/address/1MLqgV2E3GRDTXYxpDzGqTnnekuuC8i8GV (1 of said addresses - split into 4 more new addresses)
https://blockchain.info/address/1M9fztr3SKAw6iZjFeiR6V99qtmed6Ro8V  (follow the chain, one address ends here and still holds funds that were put in 3 days ago)
https://blockchain.info/address/1HpDXKMfNd5Z6rUVvk5oEdN2nRbF47D6WY (another address with 98BTC, most of which is split evenly into 4 new addresses TODAY)

who knows which of these are under the control of ACTM or hashfast?  It seems very strange that ken has no financials after the APril 1st deadline, and the funds are dispersed over a HUGE expanse of small addresses, rather than a few large publicly-known addresses for auditing purposes.

^and before anyone says a big single address is a bad idea - it isnt. Bitmain has something like 20,000 bitcoins held in a single address safely. everyone can see bitmain's holdings in a simple transparent way.
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https://www.cryptsy.com/currencies/view/139

Any opinions on this?

Getting listed on cryptsy.
full member
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(1) can you set up some way for us to verify our shares.

If this is a simple spread sheet that list BTC addresses and their shares or it list their bitfunder Username and their shares (as you should have the BTC address for those who didn't tender their shares and the Username for the people who did).

(2) Can you address either the 28nm project or your idea for where you reasonably would like ACTM to be come Q3/Q4 of 2014.

(3) Can you give us an update of when you expect to have some form of financial spreadsheets for public view. (The April 1st Deadline has passed, so an updated deadline would be nice.) You have contradicted1 yourself on this subject and some clarification would be lovely.

Thanks.

1. At one point it was stated that the Financial auditor was already acquired, in a later announcement it was stated that you guys are beginning or now in the process of acquiring a financial auditor (I believe the later, if not both of these announcements were after the self imposed April 1st Deadline set by yourself).

+1

I would add "When do you anticipate the remaining 150 TH/s to be online?"
sr. member
Activity: 384
Merit: 250
Would be nice if Ken could tell us what he's been paying for recently:

https://blockchain.info/address/16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP
member
Activity: 97
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Ken, I've been receiving 7 emails from VMC in the space of 15 minutes with confusing, inaccurate and contradicting content. VMC is making a mess of my order, I've still haven't received the tracking ID for the parcel you've committed to ship me last Monday and I need you or someone to call me or emailed me back immediately with clarity! I've emailed VMC my phone number which is also visible in the backend of my order page.

FYI this refers to orders: ZZCZQMDVL and QNSJBYJUB

This situation is unacceptable!

Dude i've been waiting for 20 days now , I have just received 1 of my 5 ordered prospector boards .
I am still wondering , why would they ship just 1 boards in the first place , when i ordered 5 , together in a single order  Huh
full member
Activity: 226
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Ken, I've been receiving 7 emails from VMC in the space of 15 minutes with confusing, inaccurate and contradicting content. VMC is making a mess of my order, I've still haven't received the tracking ID for the parcel you've committed to ship me last Monday and I need you or someone to call me or emailed me back immediately with clarity! I've emailed VMC my phone number which is also visible in the backend of my order page.

FYI this refers to orders: ZZCZQMDVL and QNSJBYJUB

This situation is unacceptable!
sr. member
Activity: 378
Merit: 250
Anyways..

So Ken, I'm glad you have fully addressed ACTM share issues and I won't keep pestering you about this (this will be the last time I bring shares up until you bring shares up again so the ball is fully in your court) but, (1) can you set up some way for us to verify our shares.

If this is a simple spread sheet that list BTC addresses and their shares or it list their bitfunder Username and their shares (as you should have the BTC address for those who didn't tender their shares and the Username for the people who did).

(2) Can you address either the 28nm project or your idea for where you reasonably would like ACTM to be come Q3/Q4 of 2014.

(3) Can you give us an update of when you expect to have some form of financial spreadsheets for public view. (The April 1st Deadline has passed, so an updated deadline would be nice.) You have contradicted1 yourself on this subject and some clarification would be lovely.

Thanks.

1. At one point it was stated that the Financial auditor was already acquired, in a later announcement it was stated that you guys are beginning or now in the process of acquiring a financial auditor (I believe the later, if not both of these announcements were after the self imposed April 1st Deadline set by yourself).
sr. member
Activity: 517
Merit: 250
sr. member
Activity: 335
Merit: 250
Jasun,

It is fine if you want to make up new definitions for words, but the word induction does have a specific meaning in physics and electricity.
This is a good place to start: http://en.wikipedia.org/wiki/Electromagnetic_induction

What you are saying is simply nonsense.


Now that we have had this diversion, let's return to talking about what Ken is doing, when shares will be traded and anything that has to do with Bitcoin or ActM.


Kind of but not really.  It is a Tesla patent and the blue prints are now a available.  We tend to think as electricty creation from exothermic, and endothermic reactions....this creates electricity via induction.    You have to change what they tought you in public school about electricity(similar to bitcoin vs. Fiat)....if anything at all.  It does work.

Yes but how do you get those magnets to spin???  Some kind of external energy force.....Burning, falling water, nuclear reaction.  
Think of it this way.  A true inductor of energy (not one driven by external forces) is like calling a dog.  You spend a tiny bit of energy ( amount of energy to voice the dog's name) to recieve a lot of energy (the dog itself).....that is true induction.  Solar energy and panels are more true induction than any traditional energy creation methods.  The energy is already in the air via heated excited electrons from the sun... Any air that has a temprature above absolute zero has energy stored in it. Think of a light bulb and how about 80% of the energy produced in a light bulb manafests its self as heat.....why not call it a heat bulb.....  This is stuff we all learned in 8th grade   science, and just requires a little perspective shift.  It does work trust me.

On a less abstract note that fits this current paradigm's thinking of how energy is created look at all the HHO generators out there, that are just finally making it to the public conciousness.  They have been around for years, and is generally the first expirement that we all do when taking High School chemestry.   Perhaps we can invest in Some HHO technology to keep electric costs down.  I know this works because I ran my old dirt bike off it, and worked awesome.

For proof of any of this there is a website called google.com.  Try it out.....although I am more of a fan of Yahoo.com for nostalgic reasons, google.com will work just fine Wink      
[/quote]
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
as we see so many scams, all i hope that is actm is not a scam, i an here for the long term. so  get the hashrate up and up , do not be so quickly but steady. and keep developing actm own chips and make actm the biggest mining farm in the world

It's not a scam.  Ken is clearly trying and making good progress now.  We're only waiting to trade our shares at the moment which is still up in the air.   You can thank Volcanic shit bag for that
sr. member
Activity: 517
Merit: 250
Jasun,

We (and which "we" do you mean?) do not think of electricity as the creation or either endothermic or exothermic reactions. Actually, electricity is created either through the transformation of physical energy (motion) into electrical energy, by rotating magnets (either permanent or electro-magnets) around coils.  That in fact is induction. Or it is created chemically, and the side effect is heat, but the way the electricity is formed is through the movement of electrons from one pole to another within some chemical substrate.

People who go and and on about free electricity and perpetual motion machines are as stupid as people who insist the earth is only 6,00 or so years old or that there was no event such as the Big Bang or that there is no evidence for evolution.

Unless you have built such a device, have evidence in the form of a published research paper in a physics or engineering journal that is credible, then you are talking nonsense.

Now that we have had this diversion, let's return to talking about what Ken is doing, when shares will be traded and anything that has to do with Bitcoin or ActM.


Kind of but not really.  It is a Tesla patent and the blue prints are now a available.  We tend to think as electricty creation from exothermic, and endothermic reactions....this creates electricity via induction.    You have to change what they tought you in public school about electricity(similar to bitcoin vs. Fiat)....if anything at all.  It does work.

Yes but how do you get those magnets to spin???  Some kind of external energy force.....Burning, falling water, nuclear reaction.  
Think of it this way.  A true inductor of energy (not one driven by external forces) is like calling a dog.  You spend a tiny bit of energy ( amount of energy to voice the dog's name) to recieve a lot of energy (the dog itself).....that is true induction.  Solar energy and panels are more true induction than any traditional energy creation methods.  The energy is already in the air via heated excited electrons from the sun... Any air that has a temprature above absolute zero has energy stored in it. Think of a light bulb and how about 80% of the energy produced in a light bulb manafests its self as heat.....why not call it a heat bulb.....  This is stuff we all learned in 8th grade   science, and just requires a little perspective shift.  It does work trust me.

On a less abstract note that fits this current paradigm's thinking of how energy is created look at all the HHO generators out there, that are just finally making it to the public conciousness.  They have been around for years, and is generally the first expirement that we all do when taking High School chemestry.   Perhaps we can invest in Some HHO technology to keep electric costs down.  I know this works because I ran my old dirt bike off it, and worked awesome.

For proof of any of this there is a website called google.com.  Try it out.....although I am more of a fan of Yahoo.com for nostalgic reasons, google.com will work just fine Wink      
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