Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 153. (Read 629902 times)

lol

I only have 1k of NeoBee but agree it seemed such a professional outfit I would have gladly put 30% into them even very recently.

Ironically, I am grateful we've not had dividends in a while or even the chance to sell shares as I can categorically say that i would have put all my dividends and sold 20% of my ActM holdings and put that all into NeoBee.

Thank you Ken..... 

[my emphasis]


Indeed and I mentioned this recently. You could argue ACtM has proven to be the best of a very bad bunch, we are still trading and still solvent - in this space that is sadly very rare.

Well, boys, I was just reading this thread https://bitcointalksearch.org/topic/neo-bee-talk-spam-free-thread-529946

Remember the good ol' days when Ukyo had that great website where people could trade shares in fluff and vapor?

Ah! The memories!

At one time, I actually regretted having invested so much in ActM instead of NeoBee. NeoBee looked like it was being run by competent people who had an understanding of the financial industry and had a real plan and were organized and had their act together.  Yes, I regretted invested in ActM instead of NeoBee.

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.

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

Thanks +1

Your quote is out of context and misleading.  Here is the full quote;


As you can read, the first 100 TH (later revised to 60 TH) was expected to be up and running in two weeks and the second 100 TH within a month of that.  So that's a total of 6 weeks for the 200 (160) TH.

Between the 4-7th April, 20 TH was fired up but cooling issues placed things on hold.

On the 10th of April, Ken informed us that the data center was waiting for an AC part which was then installed on the 11th April.  So from the 11th of April we have seen a steady increase in hashrate taking us up to ~56 TH in 11 days.  Without the AC delay Kens estimation of two weeks has been fairly accurate and using these figures I would suggest that the revised schedule for 160 TH being online has a deadline of 17th May and the 240 TH by 14th June.

So we are already in phase 2 which is adding more power to be able to install a total of 240 TH as we move over to the revision 2 boards.

Progress has been steady and at this rate I would estimate 100 TH to be turned on every month.  As I, and others have said before, Ken needs to find a way to speed this process up.  If it's hiring more staff, opening a second data center or whatever, 10 months to get 1 PH isn't going to make us as competitive as we need to be imo.

I'm keen to hear from Ken, what is his long term plan to expand the data center and make it, "..the biggest mining farm in the World."?

tl;dr - expect 240 TH online by 14th June in ActiveMining's Data Center

Ken, any chance you can get the other 150TH/s online in the next 24 hours? I think ActiveMining have only sold about 10TH/s worth of miners so it can't be because we sold them.

So we're meant to be hashing at ~200TH/s now. What happened? I know there was some issues with the cooling but, that's been resolved for some time now and we still aren't particularly close to 200TH/s

celebrate for what?? 100th to da moon~~~

Still in 10th place on the chart run-down though. If we get a new entry at No. 9 then we can celebrate. We need more College Radio plays.

12 hours           50.72 Th/s   510156304   
3 hours           51.04 Th/s   128340416   
22.5 minutes   54.55 Th/s   17147472   
256 seconds   57.05 Th/s   3400327   
128 seconds   60.16 Th/s   1792963

We may have hit 60. turbulence.

Sorry for the issue , i guess i quoted them wrong .
I have fixed it .

Sorry for the trouble .

Ya , and i don't intend to put a bad word for ken or VMC or stuff , its just i have never said anything else bad which is not related to shipping issues . Thanks for the support Simon .

Ken , I apologise , but i am just updating stuff .

Ken, could you look into this personally and post back when you have the situation sorted.  We need to avoid bad PR like this and emkay's order should have been dealt with as a priority due to its high profile nature. Yes I know people shouldn't get preferential treatment but getting this guys hardware out to India was an opportunity to demonstrate how well ActiveMining could get products to its customers, not highlight weaknesses in this area.

Come on VMC dispatch team, we should be doing much better than this.

So guys , its been 20 days , i converted my November paid pre-order to 5 x Prospector Boards .
So far , i have only received 1 prospector board . I was told that somehow they did not ship rest of my 4 boards along with 1 i received . I'm tired messaging on website as well to Ken .
I have no idea when my rest 4 board will actually ship .

I even ordered a few Harness Kits around a week back , even that has not been shipped yet .

Ken , please speed up your logistics , I don't seem to understand why would it take 20 days to ship out a few boards which where placed on order together .

If its going to take more time to ship out , let me know , i might be able to arrange a friend of mine to pick those up from you and my friend can DHL it to me .

Ken , please sort this out .

Exactly - as an example, what do you imagine it costs to run 489,000 Western Union locations? I'll bet that alone uses more electricity than preserving the blockchain. When you add the fact that traditional remittance can't compete with Bitcoin on either features or price then you start to understand just how minor the cost of proof of work is vs operating the current financial environment.

If you compared the production and consumption of massive amounts of physical fiat currency (printing, movement, storage, cost, etc.) to the energies it takes to create crypto-currrencies, I'm sure cryptos would come out more abundantly environmentally sound.

Lol,  I love this quote from the FAQ:


But back on topic:

Ken, what is the status of the financial reports?