Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 170. (Read 629902 times)

Also some general questions for when Ken has the time:

- Assuming we sell no more boards, that would leave us with about 60Th/s worth of boards plus about another 100Th/s due soon correct? Will ActiveMining be hashing at 160Th/s at the end of April assuming no more boards are sold?

- The 5,000 boards will be ready around June/July correct? Are we able to purchase the chips now for these boards or are the chips going to be paid for with the current mining returns from the 20Th/s - 60Th/s online?

- Will you consider BarGraphics friends offer to host 5,000 boards assuming we sell zero.

- Will hardware sales be turned into bitcoin for our dividend, or would you rather use that money now for reinvestment and keep the mining return as a dividend to shareholders?

- Will you be able to pay dividends to our verified addresses assuming we are not trading?

- I am unsure about the feasibility of ColouredCoins, waiting on them is unwise. Could we instead accept Havelocks offer and get us trading on their exchange, it's possible they will be up for a few more months and hopefully when they fail these wizz bang decentralized asset classes will be mature and usable.

- Can you update us on the situation regarding our legal standing?

- Do you have any information regarding the ActiveMining and Peoples ASIC developed 28nm ASIC chip? Are we making any progress at all or is it currently "wound down" waiting for better times?

Thanks Ken.

Yeah I know was just joking about the tax

It's the same situation with Capital Gains Tax in the UK (you pay 20% or whatever on the gains/profit from holding coins/stocks/shares). But there is no tax imposed on the mining of coins in the UK. I'm sure all our costs and losses will be put into the accounts to lessen out tax burden.

Ken I have a few questions for you:

-When you say "we expect to roll off the line 200 PCB's a week for the next 3 weeks.", am I right in assuming that this does not mean the datacenter will be able to add 200 mining cards a week?

-If so, how much of a lag will there be between producing the boards and having on a functioning mining card online?

-When you say "for the next 3 weeks" in your update, does that include this week of the 4/9 update or next week.

-Are there any additional obstacles standing in the way of the datacenter reaching 60TH?

and

Looks like we r back online. Out for about an hour and fully back to where we were. Can we claim that down-time as a loss of earnings with the IRS?

Ken has already stated that the deal is for enough chips for the 5000 boards.

Any news on VMC sales website being upgraded?

Is that for the 200 boards a week production run? Have you received the chips yet?

We have a deal for the chips for our current production run of boards.

Hey Ken, can you let us know if you have the chips for the new boards you'll be printing out soon?

Yes, please send it to me.  

Thanks,
Ken

The farm just went offline... I have a hashrate alarm script for eligius - Ken, if you don't have an alarm system, let me know and I'll get it sent over to you.

The MPP comes with the board - but you guys should demand the ASICs now instead of the board in September. Think at what you could have done with the "useless silicon" in January.
Posted from Bitcointa.lk - #DT2EdtbULkJWU0EB

Holy Howling ASIC banshees... wow.

Nice to see this video on the front page of r/bitcoin

@Ken I was under the impression that once the A/C was installed (which you said was done yesterday) it would simply be a case of turning on the already set-up and configured 60Th - yet we are still at 25Th. Was there an issue yesterday with the A/C or were the 60Th of mining equipment not yet set up and if not when do you anticipate us reaching that first target?

I found this in another thread, I'm assuming it's real and I wanted to bring it to Ken's attention.

hashfast is doing that? That is the scuzziest thing i have ever heard that they could do - who the hell wants a bare ship to make up for the fact they were owed hashrate months ago?  The bare chip is a useless hunk of silicon to 98% of customers who do not own an assembly line and rights to a PCB design.

Thats worse than selling equipment to ACTM when hashfast customers are owed it first and foremost

Good call Flash. We could offer our board to them - if we can retail it at less than the HF board it could be a seller.

What Ken's achieving is great and I'm delighted to see us hashing at 24TH/s now, although I have my concerns that this new found good will is likely to erode unless we are able to trade soon.

EDIT:  I like Flashman's thinking! 

This is what you said around November last year, and it hasn't yet.  I'm glad things are starting to shape up with the company, but people want to trade their shares, and it seems in everyone's best interests if you enable trading where the buyers are.

Kenneth,

Just had a thought, might be a bit of a rabbit trail, but HashFast customers are eventually supposed to get a compensation plan paid out in bare ASIC chips. Just wondering if VMC could offer a product or service for them to get their ASICs put on boards or ASICless boards supplied or something. That's an "If and when" thing though.