[ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 156.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: Stuartuk on April 19, 2014, 09:55:20 AM

I might have said this before but I think these 5000 boards are all our money. If BTC continues to climb and they ROI then it was a good move and will make us stronger to continue with the 28nm (not 27) custom chip. If BTC stays where it is and we don't ROI we will be in a weaker position. In a fluid market place it was likely the best move if we didn't have enough is USD (with BTC at $400) to continue with the 28nm.

You can't blame Ken for BTC being $400 and that meaning we don't have enough to finish the 28nm project. If BTC was at 2k the 28nm would be full steam ahead. So my opinion is it was likely a decent move considering the weakness of BTC in Q1.

You mean they will be all of our money? 5,000 boards/chips will cost about 7,000 bitcoin so Ken is probably going to buy them bit by bit with mining dividends. Right now taking into account the 100TH/s we are meant to have bought, we probably have enough Bitcoin left for about 700 boards.

Stuartuk

sr. member

Activity: 266

Merit: 250

I might have said this before but I think these 5000 boards are all our money. If BTC continues to climb and they ROI then it was a good move and will make us stronger to continue with the 28nm (not 27) custom chip. If BTC stays where it is and we don't ROI we will be in a weaker position. In a fluid market place it was likely the best move if we didn't have enough is USD (with BTC at $400) to continue with the 28nm.

You can't blame Ken for BTC being $400 and that meaning we don't have enough to finish the 28nm project. If BTC was at 2k the 28nm would be full steam ahead. So my opinion is it was likely a decent move considering the weakness of BTC in Q1.

shaofis

member

Activity: 106

Merit: 10

Ken,

I think you owe an update on the process of an ActM custom asic development. You can dodge all you want on this... but this is after all one of the primary reasons people trusted you with our money.

I can figure out how you came to HashFast; after all the purchase and development of a 55nm asic wasn't as profitable as others 27nm. But the reality here is everyone sent you money to develop/use/sell a 27nm asic. Obviously we are way behind where we should be at this point even considering any reasonable delays.

The shares and SEC issues being what they are; you should still feel some obligation to keep us reasonably informed when your plans change or do not work out.

Are we still even developing an asic? Please confirm the status... was it canceled is that why we aren't hearing anything? Did we run out of funds? Is the order of HashFast gear the only hope for some sort of sustainability? Is the business plan to try to outsell HashFast themselves using their own gear? What is the strategy here?

Stuartuk

sr. member

Activity: 266

Merit: 250

Quote from: shaofis on April 19, 2014, 09:40:47 AM

If true; this is pretty frustrating.

With you on that one. But I think he said they had issues taking BTC as payment due to the old payment system on Gox being unavailable. What is the latest on taking BTC payments Ken?

shaofis

member

Activity: 106

Merit: 10

Quote from: finlof on April 18, 2014, 11:44:18 PM

Hell I couldnt even get him to sell me a miner for BTC. i was begging him to take my money. I left a couple of messages and never had anyone contact me back.

I've since ordered a few 1TH dragon miners and a 1TH bitmine unit. I ordered one of the dragon miners on Tuesday of this week and it arrived Friday. that's a 3-day turn around FROM CHINA. I should have been able to have even faster service than that from a company within the US. sadly ACTM is still working the kinks out of their operations. if they should get their act together then I will consider trying to order from them again.

If true; this is pretty frustrating. I don't see the sales demand being so high on this product right now (Maybe I'm wrong) but from the numbers we've all heard tossed around fulfilling a few 30 or 40 orders should be easy to do.

We've all seen pictures of the facilities laid out to process orders... we know Ken hired staff and built servers (Which aren't even being used). I just don't understand why we can't ship out an "In Stock" product in a reasonable timeline or respond to people who want to purchase. I don't know the details ... but I'm running out of "benefit of the doubt" on cases like this.

gaba

sr. member

Activity: 249

Merit: 250

Quote from: stereotype on April 19, 2014, 03:48:37 AM

At the moment, the CP process feels like a clunky Heath Robinson event, where you are not entirely sure if the ball will reach the end of the obstacle course!

Sorry, OT.

Just like bitcoin (process). I really doubt that anybody here have problem with that.

Simon Templar

newbie

Activity: 42

Merit: 0

I'm getting some really strong pings on my Trolldar when that Phildo is about. His posts are nothing more than attempts to incite anger and create conflict. An obvious enemy to the prospects of ActiveMining and the mods should look at what he's posted in the past and take action.

Quote from: finlof on April 18, 2014, 11:44:18 PM

Hell I couldnt even get him to sell me a miner for BTC. i was begging him to take my money. I left a couple of messages and never had anyone contact me back.

I've since ordered a few 1TH dragon miners and a 1TH bitmine unit. I ordered one of the dragon miners on Tuesday of this week and it arrived Friday. that's a 3-day turn around FROM CHINA. I should have been able to have even faster service than that from a company within the US. sadly ACTM is still working the kinks out of their operations. if they should get their act together then I will consider trying to order from them again.

finlof, could you try again today and report your findings please. I know Vince didn't seem to have any issues that you describe and I believe he ordered more recently than you. I would but couldn't commit to the order due to lack of funds and don't want to create a bogus order. Looking forward to hearing back from you.

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: gaba on April 19, 2014, 01:41:43 AM

Quote from: stereotype on April 18, 2014, 01:46:17 PM

My experience says Counterparty is not ready for this yet, unfortunately, and is certainly not completely functional.

What function do you need. You can create asset, trade, dividends can be distributed to shareholders. Most important, your shares are tied to your bitcoin address.

Functions that at least come close to expectations and give me reason to not use a centralised exchange. I would rather take the risk of a centralised exchange than not know if, when, and how, my simple buy/sell trade will actually execute or not.
At the moment, the CP process feels like a clunky Heath Robinson event, where you are not entirely sure if the ball will reach the end of the obstacle course!

Sorry, OT.

gaba

sr. member

Activity: 249

Merit: 250

Quote from: stereotype on April 18, 2014, 01:46:17 PM

My experience says Counterparty is not ready for this yet, unfortunately, and is certainly not completely functional.

What function do you need. You can create asset, trade, dividends can be distributed to shareholders. Most important, your shares are tied to your bitcoin address.

finlof

hero member

Activity: 630

Merit: 500

Quote from: minerpart on April 19, 2014, 01:00:16 AM

They ship from the US and are now sold out.

not so! PM sent for more details...

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

They ship from the US and are now sold out.

finlof

hero member

Activity: 630

Merit: 500

Quote from: ?? on ??

Quote from: finlof on April 18, 2014, 11:44:18 PM

I've since ordered a few 1TH dragon miners and a 1TH bitmine unit. I ordered one of the dragon miners on Tuesday of this week and it arrived Friday. that's a 3-day turn around FROM CHINA. I should have been able to have even faster service than that from a company within the US. sadly ACTM is still working the kinks out of their operations. if they should get their act together then I will consider trying to order from them again.

Does Dragon miner have a website? I wouldn't buying some 1THs miners if I knew they would ROI. Delivery in 3 days sounds enticing.

PM sent. (damn wish i got commission for this!)

finlof

hero member

Activity: 630

Merit: 500

Quote from: wasubii on April 18, 2014, 09:41:22 PM

Quote from: drawingthesun on April 18, 2014, 09:24:24 PM

Quote from: ?? on ??

Why don't you guys ask the relevant questions?

At this point in time many of the old shareholders that have been pestering Ken have given up asking.

Sad but true - i still read the thread but have given up trying to get through to Ken. In my eyes my investment is still a write off - if i ever get anything back from my initial 'investment' then i will be happy.

Hell I couldnt even get him to sell me a miner for BTC. i was begging him to take my money. I left a couple of messages and never had anyone contact me back.

I've since ordered a few 1TH dragon miners and a 1TH bitmine unit. I ordered one of the dragon miners on Tuesday of this week and it arrived Friday. that's a 3-day turn around FROM CHINA. I should have been able to have even faster service than that from a company within the US. sadly ACTM is still working the kinks out of their operations. if they should get their act together then I will consider trying to order from them again.

wasubii

sr. member

Activity: 448

Merit: 250

Quote from: drawingthesun on April 18, 2014, 09:24:24 PM

Quote from: ?? on ??

Why don't you guys ask the relevant questions?

At this point in time many of the old shareholders that have been pestering Ken have given up asking.

Sad but true - i still read the thread but have given up trying to get through to Ken. In my eyes my investment is still a write off - if i ever get anything back from my initial 'investment' then i will be happy.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: ?? on ??

Why don't you guys ask the relevant questions?

Not sure if you're being stupid or trolling but, we have asked all these questions and we always get turned down. At this point in time many of the old shareholders that have been pestering Ken have given up asking. I used to ask all the relevant questions but it only showed an example of what Ken didn't want to answer.

Ken has never given us hardware costs and has always been quiet about our own ASIC development. I doubt we'll ever learn the truth.

finlof

hero member

Activity: 630

Merit: 500

pretty ridiculous that i get deleted because i mentioned a troll by name. the whole point of my post was to not blame/credit anyone other than Ken for ACTM's failure/success. trolls have no power to make or prevent Ken from making process on chip development, data center deployment, product shipping, etc. 100% of all current success and failure lies squarely on that man's shoulders.

EDIT - oh and as it seems is most important - shares and dividends. Ken has had plenty of time to get this going. it just isnt something that is a priority for him. cause if it was it'd have been done long ago.

drasted

sr. member

Activity: 240

Merit: 250

Quote from: Phildo on April 18, 2014, 06:38:35 PM

Whatever, that was a fun little hypothetical. That problem is the past, I'll repeat the question I asked that you all shoudl be asking, how much money has gone into the data centre? Why aren't you guys asking that question every day?

People are asking for it in the form of the financial reports. But ken keeps putting it off and saying he has/will get someone else to do it

Stuartuk

sr. member

Activity: 266

Merit: 250

Quote from: ActM Thread on April 18, 2014, 06:24:56 PM

I am about to remove the entire conversation that referenced one of the banned trolls as it resulted in that person starting to post again.

ActM Thread

Like I said (but you deleted me too) why not just delete the Troll post instead of everyone elses posts? How are shareholders supposed to know the facts when you are deleting posts with the facts behind the SEC investigation and 'the Trolls' (who we are not allowed to name) involvement???

Phildo

legendary

Activity: 1526

Merit: 1000

Whatever, that was a fun little hypothetical. That problem is the past, I'll repeat the question I asked that you all shoudl be asking, how much money has gone into the data centre? Why aren't you guys asking that question every day?

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

I can't believe that my conversation with Phildo was deleted.

Where is the rationale behind that?

ACTM THREAD - can you give some guidelines on what this thread is for. How can you allow a converstion to go on for an hour with people giving their time to this thread to ensure the truth gets through then delete it all as if it's worthless. Really feel like my time is wasted here. Might not bother anymore.

Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 156. (Read 629902 times)